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Weekly Chronicle in London, Middlesex

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Weekly Chronicle

Location

London, Middlesex, United Kingdom

Date

Dec 10, 1864

Page

3

Wallachian Petroleum Company Extraordinary Shareholders Meeting

The Wallachian Petroleum Company calls an extraordinary general meeting to consider issuing 4,000 new £10 shares with 7.4 percent preference and to grant 4,000 grantee shares. Directors argue capital expansion, higher revenue from wells, and no extra calls required, while grantees give up half profits until 5 percent dividends.

Wallachian Petroleum Company Straordine Neral Spe Lnaeeey Oe Ooh Tee Ag Pisin Prowas London Lave Aequamr America Capellini Schwann Cusack Roxay Charles Glass Hle Ney Haw Deean Mtss

Local Meeting Votes on Tank Supply and Dividend Cut

A meeting debated tank suppliers Birney Bellamy and Fraser as security for private liability. The chairman took on the risk. Gibbs’s statements were dismissed. A second resolution reducing future dividend withdrawals was carried, with thanks to the chairman as the meeting closed.

Birney Bellamy Fraser

Peninsular and Oriental Steam Navigation Company Report

Directors report profits and assets for year ended Sept 30 show total assets £3,581,168 9s 5d and surplus £457,726 13s. The dividend policy includes 34 per cent plus 14 per cent and 2 per cent special payment, with new vessels Surat Mongolia and Tanjore under construction. Cyclone at Calcutta caused property damage but no ship losses. Nubia and Hindostan damaged but repairs underway. mail service adjustments with Mauritius subsidy and Australia line terms discussed.

England Calcutta Bombay Hong Kong Singapore General Reserve Fund Alexandria Southampton Messrs. Scott Greenock Messrs Surat Messrs. Scott and Co Mongolia Thames Iron Works and Ship Building Company Garden Reach Bengal Suez Australia Mauritius Reunion Messageries Imperiales

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Peninsular and Oriental Steam Navigation Company
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