STOCK AND SHARE REPORT.

Wellington Independent, Volume XVIII, Issue 1977, 31 October 1863, Page 2

STOCK AND SHARE REPORT.

New Zealand Steam Navigation Company. — The result of the meetings of shareholders on the 20th and 22nd inst was to increase the capital to £250,000, a power being left to the Directors to raise the capital from time to time in such a way as they might deem conducive to the interests of the shareholders— such amount not to exceed a quarter of a million. lam informed that the Directors in consequence have made the following arrangements to issue a second series of 1000 shares of £10 each, with a deposit of 10s per share on application, £2 on allotment, and balance by calls of £1 each, at intervals of not less than three months ; and that in order to equalize the interests of old and new shareholders the sum of 20s per share be passed to the credit of shareholders who were registered on the 81st August last, such amount to meet the call due on the Ist February next The success of tho Company may now be considered as thoroughly established. The old shares may now be.considorecl to tie worth £8. New Zealand Bane. — Since my last report I have transferred leveral shares at £4 premium. Generally speaking holders require £4 10s premium. By the next Auckland mail we shall hear the result of the half-yearly meeting at which the dividend was to be declared. The following quotations may be relied on as correct : —

Capital. _^ m -£2F-*L_ Selling Share. Paid. Pi-ices. — j— - Bank of New Zealand... 500,000 I 10 £5 £9 os. N.Z. Insurance 00. ... 250,000 100 £12 £15 N.Z.S. Navigation C 0.... 50,000 10 £6 10s £8 JBuildg. Societies, No. 2. ... 100 £39 £72 ♦Land on Deferred Payment Society 50 13 15s W.S.N. Company 15,000: 10 £3 j £3 *6£ years paid up at £6 per annum, by monthly pay ments of 10a per share with accumulated profits. JDeclared profit at the end of the fourth year £3 15s per share. Amount Annl. raised. Intrst " £ General Government obligations, 1856... 450,000 4 prct Ditto 1860... 150,000 6 prct Ditto 1862... (authorised £500,0000) 55,000 6 pr ct PROVINCE OP WELLINGTON STOCK. l^sed * Provincial Government Debentures nego- £ elated by the Union Bank of Australia, wholly held in London ... 50,000 8 prct Ditto — Partially nenociated by Messrs. Gladstone & Co., and partly raised in debentures ; £2125 only are held in this Colony 50,000 8 pro J. H. WALLACE, Stock and Share Broker. Lambton Quay, Wellington, October 30, 18G3