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Newspaper
Weekly Chronicle
Location
London, Middlesex, United Kingdom
Date
Jul 30, 1864
Page
3
The Weekly Chronicle issue details how subscribers can receive the paper via private address on request. It invites communications on Assurance Banks mining panics and related topics to the Editor, at the listed address, with assurances of courteous attention.
The London Gazette publishes an account under the 7th and 8th Victoria cap. 32 for the week ending July 27 1864. The weekly total of 37 260 797 pounds is recorded on July 28 1864 by W Milner Chief Cashier. The report compares with the prior week noting changes.
The Market is quiet with consol rates and listed railway and bank shares. The Bank of England raised the minimum discount rate to seven percent, citing dwindling coin and bank reserves while joint stock banks increased deposit allowances and money-on-call rates. Government Bills on India for tender on August 3 total 80,00,000 rupees.
A wave of new ventures emerges in Manchester and abroad. Nationaloiter Insurance proposes steam boiler risk coverage with a patent valve to lower premiums. Manchester Shipping Officers and Packing Co plans central offices and warehousing. Locomotive Cotton Press Co aims to press cotton in India using railway styled presses. Guildhall Taverns Co plans to extend the Guildhall Coffee-house and Castle Tavern. Norwegian Compañia Iron Co targets Eidsfoss works in Norway. British and Netherlands India Bank seeks £2 million capital with branches planned in Asia and Australia. Rincun tone Tea Co buys Darjeeling estates. Industrial Company of Central Italy seeks £250,000 to develop Italian resources.
At the London and Burton Bottled Beer Company meeting the directors' report was adopted and a dividend of 10 percent per annum free of income tax was declared, payable on the 30th inst. Other company notices include dividends, meetings, and liquidator claims across several firms.
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