INTERPROVINCIAL.

Ashburton Guardian, Volume XIII, Issue 2580, 2 February 1892, Page 2

INTERPROVINCIAL.

Auckland, February 1. The Auckland Gas Company has declared a dividend of 7s 6d per share on 15 500 fully paid up shat'ts~~an<l 3s 6d per share on 13,743 half paid up shares ; together £8389 6s 3d; and carry forward £4642 18s 9d t® profit «nd loss account. One of the party who travelled over the Stratford route, Mr Oliphant, says drey found coal apparently m immense quantity and available for railway purposes. The district is well watered throughout. A bridle road, costing £6000, would be sufficient to open the country, and it might be done at once. It would then be possible to drive cattle through to Auckland. Of the 103 miles travelled ninetyfive miles is splendid land, the finest m the Taranaki district. A man whose name is not known was lying on the Epsom tram line to-nigkt, when a car ran into him, fracturing his skull and almost tearing off one of his legs. He was taken to the hospital, but is not J expected to recover. The man is elderly : and appears to be a gum-digger. Mr Thomas Russell, C.M.G., is a passenger 'to Sydney by the Monowai, which sailed for that port at eight o clock to-night.. Wellington, February 1. Judgment was given against the Picturesque Atlas Company m the Resident Magistrate's Court to^doy m a case m which they sued a subscriber for the | recovery of &'lO 10s, Mr Robinson, R.M,, holding thafe the agent had wrongfully made a false statement when obtaining the defendant's signature to the order. At the annual meeting of the Trust, Loan, and Investment Company to-nigh % the chairman, m reply to » question as to the position the company was placed m by the new system of taxation, said it was; rather premature to say how the Acfc would affect the company, but he might mention that at the maximum of Is 6d m the £ income tax on profits the company wqyld, ]me to pay $675 en the <Uv»4«wi

they aro now declaring,' as against £469 under the old account. Jc really meant a charge of £20!} t > tho company.. A dividend at the i\ite of 9 per cent was cirricd. At the minu.il meeting of the Welli?igton Gu; Company to-day, a dividend ot J2 per cent w.-i" passed ;is roc mm ended. Wish legard to the iwtrcdaction o the electric light into the city, the chairman said that/ although there was undoubtedly a great future before electricity as a liyliving power, there was at the .same time a great future for gas, and gas stocks were well worth holding. The introduction of the electric light into Wellington had had tho effect of delaying the reduction m tho price of g/is, because the company lost the corpoifiti'on as a. consumer, but with the natural increase of population they had now got back, and even exceeded, the old demand for g;i.s. It had also boon found that where the electric light was most used it c-id not materially affect the prospects of the aaa company. Dcnbdin, February 1. The Equitable Investment Company's Directors have declared a dividend at the rate of 7 per cent per annum.