The Western Mail

I A HAMPTON COURT GHOST. During the past few days one of the ghosts said to haunt Hampton Oourt Palace has re-ap- peared. and spOOulatlon is rife as to its iden- tity. An artist states that, while engaged on several ??-a t occasions In sketching old Flem- ish talry in the G-rd Watching Chamher. a at)eetm hand, white, delicate, and richly ie'elled. hae Dentatently intMJd between him and the tapestry. On its last appearance ho made a ba rried sketch of the hand, which bore brilliant diamond marquise ring on the forefinger. The artist is so unnerved by these visitations that he has suspended his sketching. The phantom hand is declared to be that of Queen Oathehne Howard, one of the wiv? of I i n¿ Catherine one day escaped from a r?m to which she had be? mnfined by ?der of the King, and on ba8teni across the Haunted Gallery was seized by the gDa.7ds. and. despite her shrieks and protestations, 10M re- moved to her room. Since then tbe scene has been re-enacted repeatedly by a tall figure clad in white.

CORN AVERAGES. Statement showing the quantities told And average prim of Britimb corn per.. ar1er of eight b=bls. Imperial mesa", .0 received from the inspectors and offlm of liu- inII the week ending May 5, 19M. Vumant to the Corn Returns Aet. IM:- Quantities sold. Avecaei. e tfries. 1 on* < Wh.t 75,410?1 '2'11 .1 RUI. 7 8,169 4 3 o.t. 8?699 2 i! n ClOrAparativ- statment for the correspond- ing week in each of the years from 1096 to I IM:- «Jeet.Avert«. Bsrlej. Averse °?- Am, ?**?'T K d.. Or*. |tn. s. d.'C|rSj}ut A s Aj lfg-snw 6 as 7 Cos i a Jmo ,.14 l«n-«7.M3 « 28 4 era 3 21 5 ?* 77 j4J. .5 6 422 9 4 43?S 4 27 8 ';m:JiI"4 .125 t 4:? 6 ? } ?;! !U.

MARKETS. I LONDON METAL MARKET. I LONDON. Monday. There was only one session held to-day. in consequence of the naval visit to London. Copper opened quietly. and for a time no transactions wore recorded. Subsequently trading became active, and the tone strong, with prices 12s 6d higher than last market day. A further advance of 50 was registered, but th* highest point. were not maintained. Sales. 400 tons, for cash at £75 15s. July date L75 5s to £75 10s to £75 5s, early August and three months 174 17s 6d to L75 2s 6d to IL76. Settle- ment price, £75 12s 6d. American shipments for the past week are advised by cable as 3.02.3 tons, Tin opened at a decline of 128 6d per ton. bnt there were few ?lle? at such prim. and the placing of a few orde? bronght about a sharp recovery, the market closing at about best, and 10s to 12. 6d b,,tW? than Fridy 3«vt. Sales, 310 tons, for cuh and May dates £ 134 10a to ?lMHt to £ 135 10s to £ U5 15s, and finally £ 135 128 6d? June £ 135 N 6d to £ 135 10-?. e.,Iy August and thr? months 9134 10s <« ?1?3 7s 6d. Settle- .,?t pri-, il35 12. 6d. English ingots. £ 140 1%. lC8p¡g iron quiet, Glasgw being ciosed Th. tone was steady, compared with last market day. and Scotch realised 71s 10<1 cash and 7ZJs a month. Settlement prices: Scotch. 7ls lOjd; Cleveland. 74s 9d; hematite. 84s. Lead fi,.m-C¡J>nni!lh. £1759 nearest price; English. E17 12s 6d. Spelt.ÐueÎnell8 in G.O.B. s, May delivery, .c22. a nd in June £21 17. 6d, closing with sellers of July at the latter figure. Zinc shete unchanged—Silesian. £ 27 f.o.b. Stettin; V.M.'s. CZ7 7. 6d Antwerp. Antimony, £38 10s. Tin-plartes are 15s 7id r.ob. Swansea for I.C.'«. QuiekBilver.Jmportel'8 and seconds, £ 9 10s. OFFICIAL CLOSING QUOTATIONS. Te-^ajr. fre-rioa. Utf. r"Ðer- t <. 4. ? -J < 4. s  St*ndftr*ctf» 75 12 6-75 17 f: 75 5 0-75 10 0 3m.nth. 75 5 0-75 10 c! 74 5 0—74 10 0 Enr'b t*nr' ¡ i g g 14.t .1-t. 79 10 0-m 10 0 bro. g.t MOO— 'n.- Fine P" *'a' ,U5 12 6-136 2 61135 7 6-n5 17 61 ?wieaths 135 5 0-U5)561M15 0-U5 50 I r?il? j Hay MAy 27 June '7fe, June 27%. P,?. !?'? ???-' Pigires— P;war.1 rents cash. 71 30 — —» i 71'0 1 meath 72 0 72 0 Cl-I'd euh 7" 9 74 9 1 _.th • 75 0 — — 75 0 — — ¡'eë;i¡;: 84 g = = I; 11 = = I mapth 84 0 — 84 0 LIVERPOOL PROVISION MARKET. LIVERPOOL. Monday. Bacon: Influences are again adverse to any improvement in the market. Shipments dur- ing laet week being sufficient for the demand and cable advices showing further.weakness, an easier tendency is noticeable, clear bellies and Cumberland cuts being quoted generally 6d. Per ?t I.-r. Shouldere -1? .ry .1.. of '.r::=. --d l:e' :t:ley: e aqu&ree incline in buyers' favour. Hams: Long cut, quoted Is. per ewt. cheaper. and continue quiet, but holders of short cuts are disposed to hold more steadily for previous currencies. Lard till d.11 and unin reting. with qu.t?ti.no in sympathy with -e,,kr c.i.f. rates, registering -6d per cwt decline for prime We3tern' and refined. Cbe? with- out change to note, a quiet conmmpti,? ale transpiring. Butter wile moderately w?Lll at Jate rate.. Ege in fair rqtt?,t.d IriFh firmer for lower qualities. Beef moves quietly, hut steadily held. Pork firm on scarcity of supplies, but also quiet. ).78 OF mTISIMS. I.. |s £ 11 sS' f j | 'Ii :.i ¡ Q:; ,II ca ,t; .3 ■i§, T.say 44-' EO 317 242' 3»' 97 Thisweek 443 60 307 242 308 97 This yesr 3157151*932 21543 2182^3 85227 91151515 Ijsst year 22073510936 97 87 189670 94855 16*4 lb458 Beef. per JMtt cvauirr timtuvi. Beef, per 3041bs: 75. 04 t. 8% 0.1 Extra India mm75t 04 t. S5s 04 Pork, per 2001bs: Prime mess, Western.65»01 te 70. 001 Baoeu, ver 1121.: Waterferd 62* lid t8 65. 34 C8..tiueatal 56. Od to 58. 001 C-di- 52, Od to 54. 8<1 4D1criea.: Loncclear, 3546lVs average 40s6!te 42. 6ci Short clsar. 45-50lbs ditto Ms Od to 00s Od Shert rib, 4!. 0.1 to oW. 6d Cumberland cut.26-381bs ditt. 42, Od t. 46- 6d Stafford cut, 26-4Glba ditte 4.. 6d te 44s 0.1 Clear bellies. I4- £ 0Ib« ditto 38.04 t. 44- Od Short ?l-r keto. 12-201ba dit. 7. 04 t. 38. 6d Sb."ldr., N.Y. cut, ll-13lbs 3"" 01 to 37. Od Ditte, square eut, 12- 16lb« M<Mto37<M Ditte, picme, 5-12lbs 34s 6d te 37s 04 BMm.pertmbt Lengeut, 14-I6lbtfiverage 43«0I 1, 52, U Short mt, 12*l5lbsditto 47 0 to 52. 04 I Short cat, sidnlees, 14-161 be ditto SU DA t* SU Od l ard, per 112lb«: d. WesteraSteam 35* 9' t. 35* 34 A_ reff?ed )-?d. 282to P-il% 37. 3d t. 5& 34 1121?? liadus, jtt 6d to y7'? Cà_, per lIZIb.: Fu.e.t-whi.. 58# 01 to 59. Od Coloured 6U Od t. 65a Od 1121t?: D.C, te Viom.; Ckasdtaa cr.men", 90. to 94s :ita- to —S; Irish cre%mert«M, 96* to ION ditto ,rtm. 84$ to M*! <Mtt Coleaw, 95. t8 %t, CetMitI, seooad ptdt, 90< to 94k. F¡='¡.42' t. 5h; I. J2a to 40L KrvH, per 120—Irish be", 6a 91 to 6* 0.1; 4itto duck, 6. 6d to 7s Od; Censineatal, 5* Oill to iio 8d Canadian avd States. 00 Cd to o. OiL LIVERPOOL FOREIQN PRODUCE. LIVERPOOL. Monday. Cane sugar: TIjo market oontinueø very steady in tone, but businees is restricted by the poor selection available; week's import. 270 ton8. Messrs. Tate's quotations:—Crystals No. 1 14s 6d. small 14t 4Jd. No. 2 14s 3d. granu- lated standard 148 lid. coaT8e 15.. fine 1511. Coffee steady. Cocoa steady, with a quiet demand. Rice firm at 8. 9d spot and 8s 6d to arrive for s.q., but demand is quiet to-day; week's import, 16.759 bags Rangoon and C.I. i cutta. Sago flour quiet at 8s 9d to 9s quay and store as in quality. and 8s 7d quoted for shipment; week's import. 3.814 bags. Tapioca flour dull at 138 6d to 14s per cm for fine Java on spot. Cotton seed firmer; week's import, 200 tons Egyptian and 26,507 bags South American Canary seed quiet at 34s 611 to 35s per 4641b for f.a.q. Linseed strong, and supplies continue limited—Cal- cutta afloat 53s, with American for shipment dearer; week's import, 213,051 bags Calcutta and Rangoon. Piassavu; G57 bundles sold at auction at £19 for Oporto. £19 to £ 22 156 for Bassa. arid C22 10s for Sierra Leone ex quay. Camwood: 32 pieces Grand Bassa «old at auction wt ZIB per ton ex quay. Castor oil on spot steady; sales include Calcutta at 34d. seoond Belgian at 3 1-1611. and five tons Madras at 34d per lb ex store; shipment Calcutta quoted at 3 7.16d for April-Mar and 3 7-16d for July-August; week's import, 660 cases. Tallow quiet and unchanged—Scuth American mutton 28s, beef 2:7. 6d c.i.f. for shipment; week's inport, 3,17 package?. Palm oil quiet, but .teady?-L??go- 23 58 transit; week's import. 1,935 casks. Olive oil quiet, but steady, at £35 10s for fine Spanish on spot. Linseed oil strong and dearer—exports 33s 6d to 34s. Cotton oil firmer-Liverpool refined 25s 9d to 26a per cwt in exports. Lard oil firm-Col- steady at 2. in barrels. Petroleum quiet- American refined 7id to Sid. Rusarian 7d to 71d per gallon. Turpentine firm and dear; spot 43s 9d per cwt. Resin steady at 58 to lis per cwt. LONDON COAL MARKET. LONDON. Monday. At the Coal Exchange the attendanoe was birl,Y good, and there was evided@ of a better demand -.p.d -ith- 1-t week. Sea-borne was again in trong req?st, and tbe 'only cargo available found a ready sale at full prices. Official quotations: —Hetton 22s, Lyo/fe-WaUsend 21s, Eart Hartjepooi and Whorlton 218 6d; and Wharncliffe 30s. Since Friday 46 cargoes have arrived in t4e Thamea In the inland department there was. a good inquiry, and. although the retail demand is quieter, merchants' stocks appeår tb be light, andthere are signs of some anxiety to make good" the deficiency. As regards the contracts for-next season, some consumers are holding out against'the rate" demanded, while otifers have given way. In some cases, however, the collieries are now' reported to be asking a fnrther'advaoce. There is ac tcUM demand for rteaips at fall rates, except for the cheaper ec*t# tpr ^wjrich there is, oey a moderate ino«uy. there is a prMii&g'ipa^ry for gat ooito* avwery-tttll'wrtfg- BALTIC 09AIN REPORT 1,0:00: Monday. The Baltic: Off co&At t-here are eoine further arrivals of wheavladen ve&sels, ten in all. now awaiting orders, but sellers do not receive any encouragement from buyers in the shape of bids, their ideas of values being somewhat lofty. Tae Fairmcad is;. Plate, afloat, 62i)b. is the cheapest oargro in the market, being offered at 26a 9d. The Ends- leigh 181. Plate, on passage, sold on sample at 27a. Maize 6'eady-tbe M?Rd. ?.. Yellow P.ate. due out May 25. sold at 19s 9d; seller* of t)i?, U.) May-Jn, a t b?, pr?-. of mixed American, rellem 19. 10d t.o 20,. according to shipment. Barley more freely offered, especially autumn shipment—July- August 19,. and for Augutt-September 18* a^ked; for named steamers 20s 9d would be accepted, and 21s war-ted for early shipment. Oats steady, bUI demand quiet. The quantity of wheat (flour reckoned as wheat) on passage this week to the United Kingdom has decreased 85.000 quarters, but hae increased 95 00,) quarters to the Continent. Maixe lias in. creased 85.0?0 and 30.000 quarters to the Tnited Kingdom and the Continent reepertivclr. Barley ha« decreased 25.000 quarters to the rnited Kinltdom. but is 2D.C30 quarters more to the Continent. Paicels to London, #ale?: Maize-Hid mixed American, afloat. at 198 4d; new, arrived, at 19s. CORN. London. Monday.—There was a moderate attendance at Mark-lane thie afternoon. ?A-e?i-. ?h..t., owing to the b,?,t ?.pp, are rather nrmer. b?t the demand is not I :i:e:. he; mtJ" 3:?"nd? r?*ji; Manitoba?. 3.?.; other quatitiet no chanjie. nour: C.i.f. American oner, come rather dearer, making holders of spot, stuff firm Maise: Mixed American, ex ship. 19. 9u; smai] o:d round. 25* 6d. landed, asked. oi t. met olll3 a retail demand at unc-hanged prices. CATTLE. T-sk. Monda*—The usual monthlr market was heid t-d. There was a larpe Mpp]y "tl r,.nd ?ith ti? exception of l?f, and Ihe demand?wa., ??o? '°° M?ton  fet"hed a b?tt,?, th it )f l? t?'Quotation?: -l?e?t u bee^f. 6, Jd to 7d iwrr lb.: seconds, cjd to «d • wether mntton. 9d to 9,?d per In; <we. 8d? lamb, lid to Is; veal. 8d to S,d per Ib; cowg and calves. X12 to £16: yearling.L6 to £8: two year olds, £ 10 to £ 12; 8m.. and nige. £7 to £10; 8t.rong .tore., č5. to 45b each; three ?.? o'd. £ 1 to £ 1 5" weaner*, 1'- fo IP. porke?h?? 8. to 8s 6d a !'?rp ?)"ig?, ?; bacouers, 8, a score. London. Monday —Fair supply of beasts, which met a moderate demand, and a steady trade was done in both prime and second Qualities at unchanged prices—Scotch. 4s 6d to 8d; Norfolk. 4s 4d to 4s 7d: Lincoln short, horns. 4s 2d to 4s 6d: fat, cows. 3, 6d to 3. Sri. Fairly good supply of sheep available, and the demand was qaiet. pricet having an easTr tendency—7Jst to 8&t Down wethers dipped. M lod to 6s; 9.1 ditto, 5s 8d to 3s lOd; 10nt. 5, 6d In 3s 8d; 10't Down e- undipped. 5. 21 to 5. 4d; Utt h'Il-brd ditto 4. °?d ?o? Lamb trade <te*dy-5tt fat D'?s, 7. 4d to 7, 6d IMTStb. Calf trade nominal. Pig trad. qi?t, Liverpool. Monday.—The supply of cattle was smaller than last week, and the trade good for all classes. Prime quality in particular made more money. There was a much larger supply of sheep, beet classes being unchanged* and others rather Jower. Good lambs were searoe and in demand. PricesBeef. 6jd to M per Ih: mutton, lOld to 6id; lambs. 42s to 20s earh Supplies: 549 oattle. and 6,468 sheep. YEAT. ■ London, Monday —Beef trade eteadv. Quo. tations :-Scotch long sides. 4s to 4. 2d; short Bide.. 4s 4d to 4. 6d: English md?. 4s to 4,, United States sides, Liverpool killed. 3s 6d to 9d. Deptford killed 3s Sri to 3s lOd; tmenran h1Ddqart.er.. 3- 5d to 30 8d fore quarter. 2.- M to 28 ed. Matton in fair request: Scotch. 6s to 6. 4d; English wethers, 58 10d to 6s; ewea, 4. 4d to 4s 8d; New Zealand, 2s 6d to 2s 9d. PROVISIONS. London. Monday—Butter market I'teady: trade slow—Fnesland. 93s to 92s; Vormandy' 900 to 98s; DaniRh. 96s to 105.: New Zealand 70s to 94s. Cheese only in moderate demand- Cheddar. 78. to 80f: American. 56s to 60s; Canadian. 60a to 63s; Dutch FAam, 48. to 54. • Dutch Gonda. 50s to 52s; New Zealand. 58. to 62s. Racon market weak-Irish. S28 to 66s; Danish, 40s to 62s. PRODUCE. London. Monday.—Sugar: Homc-rcfined firm. but quiet, business being moderate at open- > ingprices; foreign cubes steady, hut quiet ■ Ger m'ln granulated dur-fir.t marks May. value. 123 OJd, .lu!y-Autru«t. buyers, 12s 3d; beet slow- July done at IDs 7jd, August 10s 8jd. Coffee- Futures steady, but quiet. Tea: 20.000 pack- ages Indian ruled steady, competition beinir fair. Rice firm. hat quiet. Jute slow and unchanged. Manila hemp firm; receipts for the past week, 26.000 bales. BTTTER. Cork, Monday.-Firsts. 83s; seconds. 7>- thirds, 74s; fourths. 66s; superfine. 85s; fine. 846. In market: 93 firkins. FISH. Grimsby, Monday —Over sixty vessels arrived with moderate catches, and there was a brisk demand. Quotation.Soles. Is 4d to 18 7(1; turbot, Is 2d to Is 5d: brills. 1.; salmon Is 7d per pound; plake, ? to 7?; lemon ?o]eo, r? to 8s; li,? halibut, 8. to 9.; ditto dead. 6s to 7. per stone; live ling, 3. to 5s; ditto dead. 20 to 4s: live cod. 6s to 7s; ditto dead. 4s to 58 6d: live skate. 4s to 5s; ditto dead, 38 to 4s each; kit haddocks, 18s to 21s; ditto (ribbed. 21s to 25a per box. StTGAR. Glasgow, Monday.—The official report says:— The market opened with a quiet tone, and a, all bufcineis was done. The prjate report says:—Tho market opened very quiet, and little or nothing was doing. HOPS London. Monday Messrs. Arthur Morris and < lo. s- 9. Southwark-etreet. S.F — report — For the tome of year the demand is decidedly good, and nearly all the larger growth;. Iert over have h?n bought up bv brewers d.ri,r ?'eoaet fonnÍl;hL Stocks [;enera.Uy have °ne"? gradually worked off. and p.1Tcel "r hnsrht, bOP9 Ifuggles as well ai gold 111 ¡:!oI are becoming extremely limited. Firmness still characterises "'o m?ke,, and In ?me imtan? higher pri,- have n,I. brought about jointly bY the limited quantity of ?taMe tM'r'ce')/ of the Bnglish, as well af the smajl quantity of "?''??" ?r<,d.- on oTer. A)) the Continental and Oalifomian markets are reported U!1t1!o.uaih- active, and a .ma.11 advance in values ha* taken place in the Iat t..r London. Monday —There is no noteworthy alteration reported in the condition of the hop market, A steady trade enntinue. to b. done. and full values ate maintained. Tn sereral instances bids that would have been accepted a fortnight, ago hy growers have been refused, planters being firm in their determination to hold out for full market- rates. Altoeth a healthier tone pervades the trade than has bten the case for some time past. WOOL. Bradford. Monday.—Business in .()! io pr". tically at a standstill, everybody being disin- clined to act until the course of the London sales to-morrow is seen. OT):nion? differ as to the -tlnt of the fall, hut. notwithstanding the large quantity on offer, the unexpected might, happen, and prices be fairly maintained. In the yarn trade merchants, finding spinnera firm, are buying more frerfiy. p-ne weather 18 needed in the pieoe trade.

liAUKHORSK TRIALS. In an action in the Queen' s Bench on Mon. day by Mr. Darling, a trainer, against, a racehorse owner, to recover money for work done the record was withdrawn, and Mr. Rutherford M.P.. defendant, consented to pay £ 254 on plaintiff making an admission thit no trainer had a leltal right to try horsea in different ownership, in his stable against each other without expressed or implied permission from the owners

iflouei.- "o'e' Lend.r.ontln..ed. T>inrj rbi'Mps, P«*mhn.>k*r «n<t jewvliar. AdTtimvs X Mon«y on All K;u<1s of Jewellery, De*d*. ami p }()eton i'œ UI.trL :tr: C»rdift. >3779 1 6 s 1 M. t V B D il 1 Advene* alii Anmø from £ 10 kJ ",00: M,'t.¡(-.d ui J\nID" 1"\ Tn TSTF-Ji.T FAST 1{F:'Pi.Y!dE-g ahsoitte privacy. fi > ¡,Jo:J,AY. so SURETIES. TRAPF. BlM S PWPOrNTFJJ. priMp^f*tnf»w *nd Particnlar# Fr«e. Our Only A-! .rf>*s f->r Smith Wales sat HAVKS BT n.mvns cAHPWP £ (100 to i P.M ) th, ProYinois1 Union Bank, iD £2:IJ' £ 10 to £ 500. on Note M Hand slon*. or cn a:i» ^tih-r vemty. at a tow honre' notice. to all (1 iMAA id suy vert of h o. notry; re-payable bJ 1 in«ta.iu*Dtf; withont sureties, no deity. Ttua U1:1;:¡Lld.hft': 81': '1¡i:n r:: (1.I'rit4" r rail npon HIP Manager, Mr !nlf'Y );d,n¡:, 1. QUte.(¡u.J\>, Unstcl, o Mewra, "¡[ktn. '¡ a..d 0<v. 3. »v'Tkias-etwt, Oard!ft. 1959d The "\SK\ M.krcantit-.E JHNK Tí,TMTTF:[)) Make C?»h Advances f,om £ 5 to £ -00 r ^r^table Householders, on their own of Hand. a r*4tfo't8h> rate of interest; strictly >nW# and mnftdt'n'¡al "f'. 17 H, B JOUH. M.ner, 18, rark-^treet, Svan«e*. +- 66356 T JONFY riiOMi-r-NO rKE&L RwpfrniMe P'-r«.-»n« R'<7airi.i<? Cssh 4.fI.I"t"nf'118 f 1m ti advance £ 10 '0 £ 5,000 on Note of No Pr»ud«!tten or ernrity reonired, also MAdp upon tunnture. rarralr.r Stock, It" -ab"nt. T1"mn,U confident strirtly re» ipeoKd Would wait on cnatonu-r if nod w»k? tdfan^r tin mediately.—Call or writ* M. J NUTLET, Hcs«d*> Hou*e, 10, Zetland-road, 1* I A to £ J5 000 T*nt d t Xv*rtf £ nr*?ti*» of Any Kiod, to alt renp^table Persia# on Not* .f Han A!om\ and at t rv r^vonaMe in*etf#t No Loau Office Pc^ee or Formalities, and "lim')'J L"h. 0' ;ti; t\4fT"'INt and hornet aud straightforward Distance no nhjwt. Be-psyoiPO*# arranged to smt borrowers* cotitvmenca. t: borrowers efcould wr;U' or :1l at ouiv befor»» applying p«?w h »»r«», and ruay rvly on iumvdiato attention •* t> r rnlrf'1TH'nt!, ("h..l1 Apply F: MANN, 65. Tork-road, Montx>elier. Bristol J)1f)Jrltg. QL:l1f1)Clt. r. POST Vrc* for f»d. St:«nps, NVn- Koad Mao South w "Etmmrv Wi'hsn, 'i\v<. Stv. Tui~* Vour Pu«Mynati<% 9fa i-ao h { «•• fair1. Knaru»»llitirf, and T'lafinc Promptlv. On»' Guinea p-' f Mo:itb. or ««nt's to ord'i.— M orrus Uu< and Motor *«*ar Works, l*ont>priml. 85144 CYCT.K3—IO- Monthly. "i.*AU+\ I'nt. ;m\l)t't' free. £ 6 6" At'nh "aut-Ylctúry, P» rehui'i- nad f'y<'ll? r^mpany. Norwich Z914h 11 GE"T 'S Hi»:h-pmde Suf^ty; perfect 1I<t!1\ fIrdpr: lamp, a!t a-^vjisor^s; bargain. £ 3 12" 6d, con iló 160; approval allowed — U W. HoU"ay. 24. All .t"r"d. ^est-bourne 1'ark, J.ondon. 213hll IAPT'S iVntaur 0»-!e for Saleyoodroudition; J t.tt iicht; suit young pirl; price £ 8— T Th«»rn- ^;ry\ Rttt*i rak 68650 CTa,ES.-B»rg»in». 1.500 MMhiSiS; X»» and ffcocd-Oajid, from JQ= Awntt Wantwl. )»t frw stir «l<ir«3.-Warritoir srid Co W«t.jo jnr«t-M«rA SolOhlj C í1:'dd;,e8t;eRnti Cjc>» Ym to 1'« c^f c! 1.500 Ma('hbe p,ut fr. Smiio Machine at w-o.eM.e Tr.d J'n.^ New Serm ù.hand Machints fr(\ ,'h 5(0 xw l atest 1500 lótern; «ius> MMh¡H •» "holwale t'!1"' Write for 18ge list. p.«» tr tt) mfoaa As,nt» ""antf'd Marnltoll8 barRin S-r4 tor lIct-Wnrnlow and Co., Crde Manufacturers, W«t.,Moper.Mare. 2610hl5 C Y-;fl; :r:ai't1b.h Sale' V W«.t^n^a p.r Mar._10 ttert.. Cnshion Maehinea »»!.s .:¡ P" lad whwls. Dew fm,. £ 2 1: sp,013i Mr;ri-Warr:lnw «i:i C0, Weston-super-MAr- 1t'nt.e fOT wholeeala list, roøt fT. Tmde supplied. fi15 25;a'')f: J3'U;iti Tvre". ( Z platine, hr enod makers; is, \v .n!ffI..h Ust», ret free. Trade IT1Pl¡!itd -W.rr:o» and Co., ^Mton^aper-Mare. 2610^15 VEW fknti;, «l:ppor tyres.' 1900 latent, fr-e wheel 11 tad nsi brake: guaranty; sp-t;j rain* to frr'! Trade enjpUed.-W arriiow and Co" Weston-euper-Mare. 26!0!ilr> 1..r. Tn,i Cjutch fOT Hack Wh-.l; III anv ,t,n. JL dard hUb; 7, 6d Write f.» Ü. Pf ac. essnries !"?<•. 3.O br "b')If>$s l:«t of cyi les post T t-W,rr:.n» 8I.d ('0 Weaton-supet-Mare. 26ld'U5 5°-; Pneumatica ■ all double tuhe tyres, balls all y tirf: soind macliine. spl-ndid order, £ 3; ge^ nuine 'Z 1M W'arri!f)w'!I "arj. whotaiai. list tuppaed.—Warrilow and Co.. Weston- fUpor,Yorl 2610b 15 .)-5 I.&tIiN" Safeties; special + barcaina; all new- with —' I*™ £ 10 taocLio. fnr £ 4 18 m ret fUh. Write fN wholesale JiM, ro,t r«Se "I:[" r*- — am.ow and C0, Weaton-euper-Mtre. ?610hi5 '• f" all. Inner A c?:.sc:t'tp:'III/9f .t: 64: Wheals Made Flp' I. A¡r; r™» 11; £ H4 ,<,d-! Crank. 1", 34i Trr CoSte ™ ø:m, 1900 !&tot detachable. 3h (4 r,1ir v.'r;t 1r)r Urc lt pot frT. Trad, suppled r,v;r Wr t« for iw.rrn, ,nd RrDGE'hltworth l.at1y'" Sbndard. Ðil'Y(' Qusl 1' £g-G1tll\m. C w[r.on-r(l;\d. BIBPn:non, h8 ggKlrtS! p&ftt'JSttS' ¡OM,wh.J, W"t"'on¡f r;m, M^^ni-Welsh {vr-s; r.CiJ'wT ^1 U n ,PW time*: akfrJ' name on rajhi mlD:nnt m:cblnp: .('ri. 1)1I't rr> ioT !?", V • "jrroral; eost donhle.—o«o, l"nn¡, ¿dlth rV"1'!ls!' C!t,e< Waton-super-Mare. :?52d A ^h^TSirT?^ iBich-B i.b.. t;WhJt.ortr., ar mad. t- tht most Ut¡'qtn1 .T '1 V' ni*I""r aetr.r,r9 in Knirland. who d-«,i"n 8;1! rn8=u1sr"'tlue flt"ørythiul( ftt tb.it own factor! ¡':=Ort; Rud?e-Whitworth is beautifully 1inp. £ vM., En!d :eat «" f\ttpri with nnniop PRlrnfllr, ('1:Dpeor l:f'I tnN All tbe 1adís' "Sp'"cja1, .r tltt.!d with J..Jo,l' trantllu"nt ara.l' In!:d IU.r tif)1 t<' and!, head.toh, !'nlid ,,11"'41" rrn,ri JI'Aw.d !I!!d1, p!atf'-i .pO kP'lll rims, f?, & rrl(", £1:; 1' JZ AnT Ctc1* Supplied r.vA'n^ .T !d;Wbit..nrth 11.lmit>dl. a113 ,38- s* Mari .treet, C"t!. ^"HITWORTH Cycles a" t £ in .\o. n T? Ir? ,rt.d j With l-Vst-srade Cllpp r;il^Ho,Iow Klm»- A!trd \ppl.bT-, Ji„ Vu± F..1r Cb"¡D. an An* ShaP' Handle Bar to ord-5 1f)I.ndilt machvines are liarht, lat ar.d prsctic. i-,H?rw s WfOIU; btB &r.d erder faru:, Pf.l3t fr. Ind addr. of ne..rMt .l'It Budge-Wl>itwor!h air;, -d1 loa. St M,t. Cudl! ;btic;¡n !Ufo; J!U"Wbft..nrth (Limited. 17153 108 St '\1" t ,t. ra,di1! À. ^TZ"3? u':«°^ bt' ",B^n, rr u,: ,rHA' h" lDJ1 r i, )"I'HI c "Irl, Rudr"Whit.rtn ^imited, "l 108, Si MaryTard^ E ^R0 .PI.ti"- EMm'lIin. Trte, He-rnbhered T «4a^ wTor onl,: no d;l1^ any «-achina don.: e,.n RlldWbitwnrth (Limited, 7!)3 n 108, st. M3rstJW> Cardi «. ,h'r WMJ Pn"'h<1»'' » Hudee-Whitworth £ ,t t,lenta r,nly and the nwchne heenm£ei tths?- « .e7 tnaT property of the customer ai er tb. tnt hfr,. ««•> »»t on m hi?; for tomu aed VMfir"'1Îan or nddrf' nf Le:m8t agent. u;Whltw('rth (Limited', .'713.- 108. St. )tarnt. r"1f C j "5 T"ar*' Rfpnfat'ori,.—Sweeiirr KiT fV- '°r 1900 r",min' H^-emd* rent,„i; oS Tn#hIir;fr°" W'18 "tr» -tia-. fn?r«l!* a •frro" .hl, jr Tr,wbl#- wpM-fini.«=hPd IMrv-^g £ t8 o 8s.. or 17". 6d5. month'?; fr-»o wh^e's ci o. » I.(")t Prif'A Sill", Tn. Tl1" &Or, "l"l n".1"latin; ar." .:Ilmpn¡r = J\it;-}Irn, 181, 'Jto..tr'f"t. n!p A(,!lt cHr1i1T n¡"'rirt, 86660 RORF.nT P"Tn ¡- nn 01!"rÎn= HiP fn1!n"in¡: "'lIo k-rJr¡""r¡ rT't'!eø at Popll!ar PlIl':1'8. e¡,thu Ch f)r ROFn. from Ton C,nine„ nsmonds. 1rnm T-n (jninflM. »i-.beams, from Tn f111inc>a, >"« Hudsocs, from Eisht (;rrinp¥ Cycle Depot, 723 G.ut:po!tr<!et. Cardiff. rj.PXT S Cycles.—Couth Wales T>epot 49 We,t- V! Sew r ?' arit" "Anient of Machine, tJ"¡ S-rt Frnm e.eral oPecond-h-ind JJkycle! for Sale » ?*5aire !lv,ciaHty 1 .phone No. 418 agjjg A l8^' cl:1ni1t to r0"r ™» ^peciflcatinns, jf* for ^to tOl' t..¡t post fn-Th¡) Qnadrant fvc> f'>='1iY ii' 35' C"41'5-5" C'di# !Xeit Door t, 'h. A,.o'l ^jiootfe;n,. ,a531 A Ctiainless. Fitted with Vr-c Wheel fcn d ra:a¡; t g)Jl1t:; i:; h F'tl;lJfA'f>:r-!I; n- side slips and r„. r'íd!r,n T.Nts a-:1 t'TAA.iII nn,iw" "nl nost free,—Toe Oi;ad.int Cy, > r-o>»ny lifted- 35. CMtlo!trE'Et. Cnrdiff (Xe,t no the Ans,| Hnt!), a62J1 A Quadrant FrN' Wheel and Dar.d nr"p He'iah'e' 4" mr"- sri1 ra" h*1 Hidden Without fHn Pan-cr ',jilt!! fIt tS*rTh* Quadrant v.. Company rT,¡mitø', .JS taftle'5,rri't. Card ? Xejt Door to the A"¡oJ Hnt.lI. 8531 A Quadrant Lady's Cycle i. th» Mo.t Perfect ° »»■ »cd on ti.- r-M modern "•n12d. "l"itlf«io nrir-ip'es; send 10r lilustr.ted r8t8:l)I -T:p QlI'lrArlt (:w'!ro Cnmp<tnv ll.m.!»«di. :)5, Castle- ,nw reet, Psrdig Ne,t n.y,, 10 th'" A,ri iHarbmrri), CooIst &r. Machine"" Tool., &c.. Wanted. P'.AY tihndmsPi £ -\»»5ted, i9C"TertM»t«l .) Pan, ('Hr..tllVf'n, ood m8kr,pp11 T 51, Weste„rn Moll.. '_r, -=-c- 68037 c Machinery, Tool*, Ac., For Sale. F0^11 Let ™ Hire or PI\Tëha,nire Ð ..r tE'M')::ahE' tL'Im, barga¡¡ ff;r prnwvt ('Mh. Tw-ir-c^vrv" 0F TOXS OF ALL KINDS iAN -V < MASSES OF \CHnŒIIY. JAR(ŒS'l' AND MOST VAlilED 6-OCK OF COS1'R'\("I'OIlS' I'J,Ayr, LOCO MOTIVE ;N(lINES, PORTABLE !:Nr;TES, ,ERTICAL HOILE118, 8.. w DE-'1CIIES tor rario,is lile aawa Wo°'1 »0'>>inc Machinery, STO\V m STEAM INCH;S. rfrCMu PJs J O. \ARIOrs KIXUS FOR LAND AD UAHINK PURPOSES. "WMKNDOCR STOCK OF NEW AND StCOMV H.VNI) PtLLETS &c KLSCTBIOAL.MACHINERY BOrORT and SOLB &0.4 CONTRACTS CNrtliTAKKS. B r 't a «« of u Phil1i' Monthly Maabtnelf b* per copy; lIuMcrivtio, 6!1 per ADD.a CHARLES D. I'iliM.IPS. NEWPORT, MON. » ««, ran«; u Machiue1J/' Newport, Mon. ^arj. na. Telephone. No. 18 388U Ê,£:3;'i¿::ti; ^'3 diam.'ter, slrote 22m.; si\ wheels 'ocnr tire-box; brass tubes; newlv over- >.a,.s j to be IIQ in CardiB.—Appiv Hinrj » ;lnt, 1r* .nrineer, Wjsan. I8Dir 3P1 FOR Sale, Second-band Mortar -M1i!: 6ft. pail'; eijuai 'I", tClIf Donkey Boiler, 8?t. x 4ft; Feed Pumps, i "11" t\E:W aDd Me.im Winchep; \tl"' n1! Tahl.-F. Lace aud Son (T,imit<dJ, T^nr. "1 twi Dock, CaicUfT, "VJMhH Cools, &t. Machinery, Too n. &c„ For Sale. Continued. ); -'0 Sale Iioubie Huriinntsl Knsine, lt-iii'li cvlil.. and reversmi: .omplcte; equal td I articular* Kumuc, WoeWrn Mall, Swansea. 686% rOWKR^, RK'I'n", BTNDKKjj, J. Horst* R-k"?d liay Etctaton. Hnr*e Hree, Churns, Cheese Pree.nee. \"i\. DunN Tubs, IItl(..1 Dairy Utnwiln, t i?wn .tmvns. Garden Rol\T. (}arden S«-ats, HilI W,ed and l' t\r. Wauo-i Hopes, Binder Twine, Tools uf Every Ut:.$crU"ttül.t. State Rwimrrnwita. Cata!o-Ju. tree. ,10Ti: HIUHKRT and SOS. 0617'2 10 and 11. CASTLK STHKET. CAKPIKF. (Y1;: rn: ]1/r'llil1i;1'j-lnJt Aniori- m,'u,<1inc Tw" dnl)s- lathee. I ruadl1ll"; luut, be cleared immediately. Jq 1 i> -uarffhu -road. Card.ff, 3090hl0 ¡ ALi,. Mortar Mil!, 5&. 9ia.: ntronw, 'U':T:, O rro, ,-n:,dit-um; cheap U> clear; no uso I lpwis 1 :mf"r E'n:h8nt. Pontypridd. 2974hl2 .I-IA Biscuit Machine for Sale, chcap; nrvw u*ed *f i ■ £ 5- K E.k Po»t-<»fflc€. Sharp !w 3009h9 l Ult Sale, 2-t' h.p. Oq§ i-,npine; no further use for Fu .,h;n r::tf:1\);)b8 lKf: le-»tbr Wnrkb, -7195 GREEN'S I'awu Mower, Garden Pump," Stone Garden Rolitr; £ 2.—Veronica HOUk. W(,OD" super-Mare. 2850hl0 IA( 'HIÓ'U.í! Machinery! Machinery!—Macliiiiery 1l 1.11 E*cr>- P^criptif.n Cau h' ob,? d I \y, 'rk PU the Bin: t f PutcluvscHire Sy't Mid » lar^ number of flrst-d.^s Portables, Mortar Mt!I, Saw Benches. Horizontal ..d Vertical E'bnf'6. Writ, f',r \)lIr ('nt"nllI'' 1,-t f,?, and -7? li,t of ^c«»n,j.hand 1'ul„ leyti. "h.tti. tanks. W,d M.,hi. lillt1 fo:lI.íllE'4 ni bargains for rssb, AcetiTrt f..r Bhfte and Knowlcs" Pumps and Nation.' G:is E:»cines.-Not« Addr\'M:- ATLANTIC' 1 Ni»INI:i:1UNg WOIKS compant, 61026 Shaftesbury-chamber s. Newport. Mon. TjlOR SaK 7ft gin. MorllU Mill; also 30,.t. Hand ■. Dt rrn k Crane. 35ft jib.—Apply Jamee AlIan, .W"?d 'ill?l ,d.C.,d,ft. 2706h9 11%Oli Tv-) 8?h.p. Portable ;I::r:f »-»rtab!e Engine; ready for immediate deH*»ry -q'- .,d 9?J?rt.r Mtlls -HM Kjn ."I! Co." All.. Eori.rlnr Worko, Canloo. C.,die. t6738 Wagons anb Collifrp l\tqUtttt. "\V"AN*TK1), Hit,. Coal Wagons, Sinsly or Otbcvise, ,,T,, L n",v* "z Twt" r'' Months —St, y » terms I L;>d:I:;Ll1:I;' t;iii i "IVTANTKH, S»i ip Wrovisht and _Cast Iron 11ml SuolT W_k a.«o 14, 21. and 301b. Flange Rails, d 181b. Uru\^ d;iro: also 12-li p. i'oukcy toiler, rciiwur.- 501b. pressut.—> b6.. ^Kstcni al1. Curaill. 5Q50»Uj s?w»l-hari 3 or 4 ton 9t«»VTi \'VT Hammer. A 9,"d Second-hand liastrick B.it. food for COib. preasnre. W AnO'" FOR SALE,—A Number of p.rf.-Ily N.. and a Nl1mT Equal to New; latest rplation8; 1 end and 2 side d),\n ll.,ti??l. .?,l ¡)rt 00 appKeatkm 24 Low-tided 10.T(1nnt, 1ft 9in, d?D;d.i I tide, fa'l.ng fuh length; ready for Ipttp1jn. STEEL RAILS FOlt SALE —"XX) Ton.? New, lightly defective. Sr-ei Flange Rails, 601b per ,:ud, 4in t" 41 in., principally 30ft lenfffhs, with fasfottiiifs if t, quned. also n Large Quantity of Bridge, Flange, Double aud Bull-headed ctiflnl, BESSEMER PL ANT FOK !f,F.-ClJpnl. Con ▼erttta. Ladles. Carriages, Cranes, I,i?e-rollet», Sitid Gear. ("ppl, to tbe BUTE WORKS SUPPLY COMPANY, 1. Hute Docta, Cardif. Teiefraiaa: uGtbiIl. Cardiff." Telephone; No, 15, p.o. and National 86201 }O"i'¡'llt Wapins i;ood ord. V; itlr. i!iat« dehr-'ry.-T 43. M", 1. (.,diff. h9 LATnE, 12iu.. New, 03ft. box bed with cup, lilin,- surfacing and c' w .i tiitin.j; in Stork. -Kniw- hrt>\lk, Allcard, anil Ct. T.united Shiffleld. 2922h8 T it. NICHOLAS ar.d CO, 15, Biclunse. Cardiff, Hare for Sa'e and Hire Sercral l.ots of New and Second-hand Ten-ton Wagons; immediate delivery. We are Open tp 1-ur, lia.-e or R«.flnnc.-e Any Number 0t Coal or Mineral Wasons at Highest Market Value a71n Midland kaji.way caMauE ?ll AD WGO company (LiMiTEDi MIDLAND WORKS, BIRMIiv jHAM, Manufacturers of IhitwlT W8jfnnA for Cneh or Payments, OaniagPa, Tram Cars, Colliery Pit 1'Uh8, Wheels .?d Ail.s, A.I? B. Cti.M -1 W,g??, Iron nf f'ry ki, WAOON8 REPAIBJ5D h Ointrsct or Otherwise In eyery district. Jecondbaad Coal, Co". Iroutona, and Ballast Wagons for SAI.E or lilRX. E. JACKSON, Beet.I." Qilef CAce—Midland Worh, Birmingham. Brnn-h WOlh-Ab,. Worts, Shrewebary ubhc Companirg. UST of APPLICATION'S will OPEN MONDAY May 7th. and (,'LO.SK WEDNESDAY, May 9t.h, t rv. The Proprietors 01 this Iiusiness (a Private i-ompanyi being the Yendors and Promoters (Jf tuis Coiapany, ther are no jntermediale profits. No Debentures can be issued with- out the sanction of an extraordinary rülll. tion of the Preference and Ordinary Share- holder><. T-TOBAt'K C(>KY and CO. (Tjiniite<i), II t!" /'?61l':n "\?'F Iticorp(?r?,t?d under the (;ompames Ac.s, 1862 to 1398. Capital, £ 150.000. Divided into 50.000 FT V Er A N'D-A- H A L V PER CENT, CI MVL\- TlVti PRHFKHENCK SHARIF of zEl each, Alld 1JO.OOO ORDINARY SHARES of £1 each. Applications arc, now invited at par for 53.355 Preference aha res and 66.667 Ordinary ahaies. able, as to both Preference and Ordinary s hares, Hg follows: — 2s. 6cJ. on application; 2s. 6d. on allotment; t. 0d. one month alter Allotment; &>. Od. two months aftet allotment &». OJ. four month. after allotmeut. DIRECTORS, CHARLES DR1SCOLL TUSTIN Î. Iil{:¡of '.Chairman- f M of. John Edward Tustin, i' tl)^ vendor George Hundley Fabb, » Company. John Bryant, Forfar Houee, Balkara Park- road, 9.%V. J:' 'ht Salisbury, Limbrick Hall, Har- penden. BaP'nk,r?Lozi(ion and Westminster Bank, Lothbury, and Branches. Brnker.-eA. G. if. and A. M. Ja y. 17, Old Broad-street, and Stock Exchange. Solieit.ors-:lIe. Lee and Pemberton, 44, Lincoln's Inn-tieUK Auditors-Messrs. Price, Waterhouse. and Co., 3. Fredericks-place, Old Jewry. Secretary—John Gardner, Offices (pro tem.)—1, Great Wiuchester-street, E.C. ABRIDGED PROSPECTUS. The company has been formed bo acquire aa from the 1st January. 1900, the old-established and well-known business of Dr. Horaee Oory and Co. \Liinit«ed\ chemical colour manufac- turers, carried on at the Hatcham Manor Work., Tustin-street, Old Kent-road, S.E., and Cory's Wharf. Grand Surrey Canül. SE. The business was established in 1828 by Hr Horace Cor?, who in 1832 took into part.nl'ip taie late' r. J. J. 'T? i,?1t8i'ti, the bu.9in?s remain- i"in the haiid? of the Tustin family ever since. In 1896 it wa«, for convenience of holding among theI? and ?,pl.ye.. d into a private imit?e company, and the bu?iii?a has now become so established that the public nlay in the opinion of the vendors be properly admitted to participate therein. This com. pany has been formed and the present issue 01 its capital is made with that object. Tlie chief business to be carried on by the company i the production of various colour- i,.g and staining materials for paper makers, hthopraphic printers, paper stainer>. artists' colourmen. playing-card makers, confectioners, artificial flomt«. Ac., in the manufacture of which materials the original company has been eminently successful, the products of the busi- ness having a very high reputation, the siand. illg of the concern being undoubted, while the volume of trading .how8 a most satisfactory increase vear by 'ear, Since the conver.ion of the bn?jn?ss into a private limited company the books 01 that company have l??np,,n,- the b-l, f that ,),D,nN'h' 4eiirc-gul.rly audit??d by NJ.V-.t ,,it,, ,nd Co., who ha? 3, Fredericks-pla^, Old J?-Y. E.C.. 2nd March, 1900. To the Directors of Dr. H:0, Cory and Co. a.;m i ted,. Gentlemen.-We han. annually audited the accounts of Dr. Horace Cory and Co. (Limited) from the 1st January. 1896, to the 31ert Decem- ber. 1899, and we have also examirwd the ."otl"t, of the firm of Dr. Horace Cory and Co. for the ,ear ending 31st De,T? ,t,Tr?. and p,i?r to it, formation into a limiwd company. Wc find thn afwr barv*ng 71 per cent per annum on the book value of mae r",er,% plant, 4. to nlt dcprecíation indmL?int E15,) for the ycar IB%. and E3DD per annum aflrwnrd3 for managing d?r?,t,,r's remunera- tion. and £3JJO per annum for rent of the pre- nnsee. th-c profit have be-en ns follows: — Fer the year ending 31st Dec., 1915. £t3.142 0 7 Do. d0. 1896. 13 987 1 2 Do. do. i897. 14.412 ly I' !>"■ d?.18)R 18.069 19 7 D:>, do-1899 18,426 8 9 We are. gentl, emen, "ourH faithfully. (Signed) PRICE, WATERHOUSE. and CO. As this company acquires the freehold 01 the premises the rent of .£300 per allnum will no longer 00 payable, and this amount will not in future be a charge against nrofits. There are practically 110 bad debts, the avc. ngc lass from this cause being Is than X40 per annatn As will be seen, the profits for the last three years avsrugetl i.tfi.969 :6s. Id. Thoaa for the y«ir ending December 31st. 1659 reached -118,426 8.- 9d„ and that amount. after hearing ail "hartres. would have sufficed tothe divi- dend on the Five-and-a-Half per 'Cent. Prefe- rHH ahaivs and a 10 per cent, dividend on t.he Ot-dinarv shares of thie company, leaving over £5.()()O for the purposes of a re^erre fund By t"0 articles of association it is provided that no di?id?nd exdilIg 10 per cent, shall in ny vo-?r he paid ull, the olrd? -?t. ,h:,Il until a permanent minimum reeerve dh, le..t k25,000 ha' been established oat fpr.ft., ,ind the f a,? i.ti.. also provide Ih"t this f-d shall be in?e?ted upon ecuriti? out a i do the business, -w,,i that the capital th?m,,f ? ?,. .1 not be employ'ed therein oi employed otlterwise than in maintaining the divi6L,nd? upon the Preference shares. unleBs the Preference sharcholders of the company !!v™trX £ rdn,<iry resolution sbaU otherwi$e direct. The artic es of association also provide that the directors shall not exercise the com- p.ny of issuing Debentures without the anction of ..t'd ?arv reso!ntion of both the Ilr?femrio? and Ordinary shareholders first had and obtained The directors belieyc that the profits set forth b.?. will not only be maintained but will be in?a?d in the future. Thre will be no Itwation in the poJioy or 9-rM -.nd.,t of the htlneEe, such of tb?, former directors as I hav taken an cti,, part in ?t. gen3ent having agreed to conl?4. thir sen-ices w:tb the O.m M'. cbzlsho jnnD.a.rJ: iJ"g:èl'ro :r: a. managing director for a period of nt 1- than ftve yean, The success of the working ill largely dlle to __j3ubJir Comjiamfd. rimentiT^tr^nd JU'Ol'<>e". the result. of lIe.rly 70 years' work   in"?'e'?"f"?' ?h'eh P?aoe uZ £ Z i! ^in a ™ery ?"?b)e portion fo! r sunfply- ;;tn ';i;r"olet¡:¡:'ji: tr.H™ TIt.e cbenltoal eXl'i'rimentR h,we *'?'° made •aand J fta.i bulatted wJlh great oare. and have proved  ll "? '? uDuf?ture of oert-ifnV ^-prinHon 1 f colouring materials. I 'I'he3O volumes off r laboratory book. in MSK tContain.nR the ?.u)t? o? ?he "bove-mentioned ccXxDpeenriminooiiiftete, diraatt^inUg "from 1% -? innludofl m lC I>nr^fate, "d ",0 directors have renewed their i B not 10 di,I,. the .6.te 't. f>it»hU, pVliU" "Zin? terest of th,e oompanv exclnt in the 'I "V ^6 of them Tbe a-.set! 8 of the oompany. exolnsive of 1-d. will, which, owing to the above-mentioned yJf^aTct IS considered of more than ordinary \'a.lne, comprise the freehold worka. covenn?anar? ot about 36,000 square feet, iith a frontem^S w!>rk ea, k ?? H-??h? t?n? n"S!'T,ri the I&I? of the wharf on the Surrey Can » ,h h £ i03ther  m.?tuner? pPKlannt t, a* t., a.,ln l in t goo?d w,,rl rh ;h were valued the  ?°?mbcr hxt by Mes.ra ^KnuJi mS- H?cy. sons. and C?eH at £ 30 364 The ?t-,k stands at. cost in the boo?oftjM 8uiiy J$l\ "? ?"? ?' M '6'7 ?.t?vr eXdusi"e "h'? ? ?' "°? "°"'? di".t<>. rea1i.ble. ^hv iach J has been written off ? ?h" '"??'y ""?m?t? ccm. inX; uulsefl The r cash and guaranteed book debts K.-)r4i9 <? ^,978 8h" racing a total of ?949 1? ?. npun'.t which there Hre !M i,» .u£ u husinKai 90 for «u» expenditure is o^niLerrinToi<i V °°,1(}ucted practically on a <•« n ,iki^is. the working capital emnloved done'" sufficient to enable that to be Pn r f?',l>wi".B 18the full text of "?'- lu'lIluere Horsey n valu"tion:- 11. Hilliter-squaj-e, London, EC NO\'ember 22nd, 1899. To the Directors of Dr. Hornee rv -ad Com. „ Twny (Limited). ti?' ?'?" ? 'Mrdanoe with s,.ur in.= t tii(in. s. we haye attended at the Hatcham Manor I™' Tustin-street, OldxS Sf! a,na h,we made a carefnl snrvev nrta 1 "0?"' ,°!LetU"- with t.h"ub rg?, and l;eatrf 'tet;ri"ith th., tUed and 24????? ?T? «'TMtin.,tr<?..{ and occapy a total l>5jldfot whM i^f re fMt" '? greater Par <)   cmer?T4 k b>' '?"M?t factory n«s »(M,engine and boiler home.. ?h?A? ??"°°Me. ,Kir< cm.M: Of. b I. "'c.  11'' nery OMPri[%M an cx- tternns^ilve otinrw^.t<i.uM,u,ion of chemical apparat'uf s for the 'manufacture on a large Bca'c If the HfK"<'Îal:ties of th hninB8, and we can cert.if,v t?. ^samme e iSs 5 !? good "w?h?' order,cirMf  ?')'? u^s9 '??' "d valued the )eae? f??? '.?'?"? in "I. w?'m'ty to the f i«^Mlt io»rr wi »tih fronhge to the Snrrey Can? Ifortt. y, ,f 911(1(1,, by W?, of opinion tJ)at Uio present fair "¡line. as a t::oîn concern, of the before- diierii 'h ra "i ,l"he'nllcal colour works and illeaflsehh olm d w£ harf, as equipped with the tixed and loose ivant and machinery, is ^the ^V f<f urW^ d ??.?, '? hundred  Nixty.fpur J}(Jund (£'}J,). The?. tiarurea are exptuaivc of M)v -In. for ^i.^f TheTc,? im^If sn,,is    of manuf:tetnre We are. Gentlemen. ISi¡¡ne(1) To"  T, P.;LI?"HO??. ?°':??'"??'?. It   '>p! to the Committee of he T", 'd St-k R?chanfrp to n? an early d\>* fnr a ,et!lemont i?, the "hares of thi. ?fp..?. ?n<? for offii.ci■al quotation there- ')f(r;fI'I" of the memorandum and articles of I :11oIOl'iatin1J, nrl df the ('pntT':1ctø above set ;m„Vhi ,V,!i thu .md)tor.< and v;(!ne?' reports, I ":111 he ?'° "?? °? the '?" of the convvu v he''o'h?"??"' ?' of ,ppli,.tion, can h" ohtained :1t the oftlee. of the ?ompany, or fn.m ii'^bk roi kers, ,bc ankers, or solicitors. r Lon. dj on, r.th May. 1900. H°« ACK CORY and 60. il.imitodi. FOKM OF APPLICATION FOK PUEIT.RENCE SHARES. Io the Directors of Horace Ccry and Co „ H.imitet?. Gentlemen.-lIaring p:ud to the comp?nT'o lnnfloi1 nd We?tminBter Bank 'f"'? ?, ? ? ?'"? ? depooit l!f "i s *65 d. jK-r "lI"re on 5 pcr C'"t Pre- feren'? Sh?'e9 "in' the h ? per Cent. Pr.- t reone?t you .? 'JI-t m? that ?n'?'be'r "'? ??. the tofm* of the company B pro- speitus. and Ti,g,- .pt the ?mc 01 anv smaller number th;t ?t may be allotted to me and to pa,?,th?fnrt-lit-r as w muled by the aaid prospectus: and I ;hl:ie 1.;u tf( \ter:U.the ho)d<-r of the 8ai<l .har" and 1 agree with the com- panj, .?- I,- '?st" ,,?)? the directors and other Jwrsonø Hahle tc wah' any ctaJcu I may ha"e "11;ai".t thelu for not more fully comnlving nvthf. said prospectus with the requirements qf6 jOof the L'omnaniett Act. 1867. Name in foil A,! d r-. Pearription Signature  Date May. 1900- POEM OF APPLICATION FOR ORDINARY SHARES. To the I)i-etor? of HorMe Cory and Co I ?i-ited). ) Gent)- '-H' paid to "? companvs -Ilk,r the 1-.d.n and Westmin.terBan? 'I.imitedl. the ,? of e being a depo.it 'r 2.. 6d per hr?, on Ord)M?- shar«i in the above-named company. I requeat you to allo me tb at?..b?r of s.hare upon the ?" <?"'?"vs prosptc'nf). and I hereby t(I?"O thr d' fmaUer number that may be a?Jotted to me. ,Idto pay the further instatmenm ax pro? vided by the M.d proepMtM: and I anthoriM von to register me as the holder of the said sba res. and I ar with the Mmpa.ny. as trustee for '"? directors and other penon. "ahl< to "?'' any ?'?"' I may h""8 against them for not more fu))y fomphing in t.he ,.ill 'tas ?'? '??'!?"?'"?"'? of 8. 38 of the Companies A,t, 1867. Nanv in full p' Ad'?rf.M .?" Description Signature 1,17 286j ..)fa', 3900. Coo latc for Classiifcation. fc N'T M', MAN'S ,f,?h nr?..nmpt.t.- n.wb?? ?T P'<h ?.h.n? f.t t?tTr. K<d-hMd..Mt ■,1^^1n 1, ?.n.p??.-t'innmb.r. Carrisso Buitd?r, Newport. i 'VHtlfI;r',i;Ht';i;iI:' utrl" Dr. and Missra 1 urakin^—Boardi rs ?4 T, r.; term coraxuekc-w now OM^^tablisbed s.-VjoIS. 3129M4 rilHOHOroHl.Y e.Tperienr-td G^ner al"^ rr a n t Wanted -L at orn'0; plain con k wash, find iron; kckhI wa:rv*.—Mrs. A. J'udsey-DaTiee, anndH8tOqt, IVm- brokeib.re. "°"° ?o?o RHYMNKV,-Curate Wanted; MU?uar; .t?d .K €?0-\?hVi.?. M3]hl< WANTKD, Midd'r-a^fd, staid Workiny Housekeeper t V t? ud r^a-c Momimm-nt of KitcheM in Hntej A?Vr..)?,) Hotel, ).t? 3132h10 t?-AXTKr. rurt.,? i;rc::r'f),D-Q: Applr p^r.v.nally ",d) t? H, Hibbert, Pq., Ar.-tioneer and Valuer, C!arenl"e-bmldiDg8) prt,. ? ? Jt3!t't'4?' prJO r. 11rIH1nf-,lobhin ('nmDitõt-k:!a:- G uent Situation; Wharfdsles; o('d reference.— Davios, 48, Munmnn-road, Clapham Junction, London' s w- 31341?14 LKWIS T.fwi. and r,i.. n?p? K?an?a. hare JLJ V?Mi.)' f.? -:ntl rfP:W:, w1 —Peis.,nsl application prdcrT?d, '35b19 HAIltniiKSSIXH Saloon to Leti eisborateiy''fitted ,it all th,* !.t",t i"m?nt, mlt central n,Ütion in ,Sv,ni.ra—AfliifMs Masters and C?., IB C'a«t>-Street, Bwaases. m- -7231 WANTED immediately, f)-:i;î:r: Xatic.ual School. Male Assistant Teacher lAtt 50':M'n'?32M'ij.in!-?2][)<r?anB?m)ip to £ 60 —Apply Itev. H. Mnrsan, L!anbradach, C'Mdi1r, h]4 W.INI T'1,-l Buyer f?r -rt?AM F.n.m[.ft<.nt M?ne?r md Ituyer'?for A'I'iy. «#»'•«-• *•»'»'>• "H'l t'd, to T 70, Western Mail rj"lig- a7232 SUCCESS" RUG CLIP. By mean? cf thla icgetiieus Solid Brass Fitting, which aite serves as a Name Plato, way cue can fit ap his own Rae Strap 8r Dot Collar. PRICES (INCLUDING POSTA«D:- To fit Strap t inch wid. —— 2Jd, II < II IMWIM sa. i* Remittance* to Editor of "SUCCESS" dot Weekly Published). 3. Wli.te/riars-streat London EC. s4066 Carabinier co A happy combination of fn cr- two of the finest American S IIØ to- growths, this Tobacco will be "1 CD 9 found to possess the three In "S LL. great desiderata-absolute co CD £ coolness, peculiar sweetness & QS g of n"vour, and body without S* *? ? strength. ?'- RICHARD BENSON, Cigar Merchant, BRISTOL. PRICE SIXPENCE, POST FBEB. pOKEB AT A OLAVCE GIVING t juiCB OF THE BAKDS, RULES OF TEE OAM1. AND CHANCE8. DEMY 8.0, ON CARD, PRINTED IN COLOURS. Itty be obtained from the STATIONERY OEPARTUENT. WESTERN MAIL LIMITED, CARDIFF. public Companies. -V' I UF OF ? PKR""?ENT;?(jL?M?AT?E PHKFEHf.'NCE '"?? AND 4 ? CENT. The SUBSCRIPTION I JUT will OI 'EX on TLtf?. I)KHK.N*TUKI->i. 1,  ST ill Ollf-N 7'UF,& Y''S"y "'d ''ilI CLOS; on ?r b,,f-?. THUR86.?Y: the10th May, at Four p.m., for London and the Country. ?yiLJJA?I DOXFOIU) and SONS (LIAflTEDi SmrBUlLULtM and ti,'?AITtF?RS, FNGI- NEEK6. BOILER ?AKI;R8 BRASS FOUNDF,ITS, PALLION SHIPYARD. SUNDERLAND. ON THE ADMIRALTY LIST. Inoorporated under the Companies Act, 1662- 18)0. SHARE CAPITAL £ 500.000, Divided into 25,000 al' ??' of £ 10 each £ 250,000 Z5,w 5 r:t.SB=ILOp"rfreiiöè £250,000. bharoB of tlU each :50,000 £500,000 20.000 of the Ordinary Sharce fu? held by the 20i and t?r, of their families. fully paid; the remainder are avail* -bl. for i.me when required. rTrl?i. e Preference Sharm are entitled to a Cumulative Preferential Dividend after the mte 01 per ?nt. per annum, and will rank Pit J1* l"0 Capital and Dividend in priorit to Pthu e Ordinary HhaTe". The Dividends wiU he P.id on the 1st January a.nd the 1st Jn)y in e?ch year, nd the flNt payment will be made on the let ?""?'T. 1901. and will be calcu?d ments dato of the payment of the inatl. DK'n ts. Jh* ?mnany undf.rtahe<! that the Tighte of the Holders of the Preference Shares shall not be modified or a.tered unices by Mthoti?y o?a. re-I.ti,,n nai-.xd hv a majority of two-third. 80;t? he I reference Shareholders P-t in perann or by prox at a meeting specially -s! nail be l^9 ?;? a quonun whereof mbe!e J;dro::4't: of tbepe! ferenoe Mar?. In the event of a voluntary vTrKiing-up the Preference Shaires will he paid off at the average selling price for the ..lz months preceding the liquidation, m asger- tained by inference to transfers recorned in the Oompany s books, hut in any ease at not less than par The Reference Shareholders are not entitled to vote on any matter rotating to the general business or the administration of the Company. ?VS.? CENT.IRST MORTGAGE DMiLNiLRr.S OF £ 100 EACH £ 150,000 .me Inten-t Î8 ,Ile hnif-yoxrly on the !at 'I?tb" l'?t Jlll, in each year, ?.d the tlrst M,,illient WI :ra3nf the 1st Jan?r.v. ovih 'w4' p'f ulated from the date of thepKymentoftheinsta)mMth..TheJ)e)?n- r,wW,' ?" "f,'urci1 by a Trust Deed conti- tuting a firqt mortgage of the Comliitn fre'?. hold lands, buildms-, and iH«l p1ant, and a ff charee upon its other .M?.ta. The Company reeorvM the right to h.rg? bv way flL,v,.?iriff'?'?e "J ftoati.? ?curfty.o? both. any fhold, 1":I.hold, or copyhoid pMporty ber? .'tte!- ,U(JU" 'B ? M)Nrnt? or diatinot pro- pmy or nnd, ertaking. toother with the fixed Md nootn)? "Mf"8 'hereon and li-tly con- ''??'<'t"??"h The C<.mpnny a!? r?rve ?orf .h CrLi2 re jm the whole or any portion of tho '??"<"?' ai anv time after the y?r month.' in r gi,ing ?i. ?UHlsn<>"u*- J1'6 '?"?"'°' Debentnres for i». Rejected by drawing to be made by the Triisi,?. In "ase the Company Koee into voluntary liquidation at any time for pnrpoM'5 of rc-corHtrnetifn. amalgamation or for a nv c) )i? pariwe, the Debentures will t'. rnibi, at CI03 for each Debenture. H I'd?li'ti ,,n to their h?l't"'? 'n OrdinRr aha?. the n.rectora ?j) appty for. and there w.U ho allotted to th??,, on terms of th? 'roepM-tu? not less than 8,000 Prefe,enae Sha.-et The rpmatmn? t7.000 Preference SbnrM olfered "t par for !'uh,'c snhscription, ixiyable 'PREFKRF.XCE SHARKS. On ?'t'.?" ?rShar.. r;;In £1' pE'r hare. One month after Allotment 8  f to DKRFATURES. O„ n A. ppl,i. cation £ 10 per Debenture. On Allotment 40 One month after Allotment 30 TRUSTF.ES FOR THE nRBK?!RE HOLDEM. Sir Oharles Ca.vzer. M P. (Cayier. Irvine, and (lo.. 4,1., n, d .n d?"). H,rh.rt Pike Peaxe. M P.. I?derr)i<re. Great Ay ton, Yorkshire. mRKfTroHS S?THKonoRI: D<{X!.0))n: M.P.. f!r,nd? ru HalnlT, Sanderi?itid, Shipbuilder 'Chairman). li?,11, Pile Doxford. Hilk,?.rth HaU. Sunderland, Engineer. Charles T).?id Doxford. Grange Hna«e. Sunderland Shiobnild«>r, AIV,ert Ernest Doxford. 1. Grange-cresoent. Sunderland. Engineer. BANKERS. The National Provincial Bank of England (Limited). London: H;gb-street. Bundals.nd; and thr nr h.. SOLICITORS. land*0 and Wwlley* 45. John-street. Sunder Ashurst, Morris. Crisp, and 00.. 17. Throgmar- ton*9.venao. London. „. BROKERS. Kitchens Hw arrison, and Co.. 41. Threadneedle- street, London. Faithfull Begg and Co.. Bartholomew Houm London. AUDITORS Rawlings and Wilkinson. Chartered Acconn- \ants 59. John-street. Sunderland. W n. Pl?at and Co.. (Chartered Accountants,3, Lothhury. London, and M;ddleshorongh SECRETARY. John Holev,  ??TKRF.noFFICEa. Pallion Yard, Sunderland. ABRIDGED PROSPfXTLS. This Cotniiany was iucorporatcd on the 1st January. 1091. to acquire the well-known busi- ness of Shipbuilders and Repairers, Marin- Engineers. Boiler Makers, and Brass Founders earned on by William Doxford and Sons at Pallion, Sunderland, in the County of Durham. The whole of the Subscribed Capital is fully paid np. and was allotted to the partners in that firm and tho members of their respective families, by whom it is still held. The business was established by the late William Doxford in the year 1837. and has since from time to time been enlarged and ex. tended, and now consists of 32 acres of i-'ree- hold Land, upon part, of which tho Shipyard, Engine Works. Holler Brass Foundry .tc.. are ereded The Yard has a frontage of 1.500 feet to the River Wear. and is oon- nected by sidings with the sn/em of the North BaRtern Railway. The Company owns a. Fittine-out Q.wy. now nearing completion, with all the requisite plnnt thereon for deal- ingtthe largest ocean-going liners and mercha.nt ve???. ?nte"?'or? bein? situated .1. to the Durham Coalfield and in tho centre of the produ<t)on of at?e) for bi, bnildingre enabled to obtain their .upplie. on favourable terms, are in fint-dass order' equipp;d wilI?(I .de W!i,tainr, and are fnlly occupied on profitable con- tracts. The average annual output of tho Company for the last five years has been: — °'"P'y Ships built, 20.703 gross register tons- Engines constructed. 19,446 indicated Horse Power. The Company baa completed for her Majesty's Government four Torpedo- Im??'stroyi?r.?, and has two others in hand. The works and premie. (exclusive of patent right. and g-d?ill? h.nvalued by Thos. F. Hedley and Son-. Valuers. Sunderland and Lon- don. at the sum of £ 232,481 0 0 Patent rights and goodwill at the book value 58.787 17 I FX?M?a.?.n. ?'.2M17l sbting ot itock-in- trad ? t not exceed- ing market, pricei at 31st D?Mnher. i899.M7.515 11 2 Workin C?Pit,?,1, in, cluding work in pro- gress at the same d t? .?? 126.7? 10 11 Investments in ,hip" ping and other com- panies at. the same date 13,411 4 8 Premiums paid on .h-,?, term if. íJiet! a the 88: d. t?, 38,073 19 9 s:g "ä'ššëiš"äï.ïiïè 38.073 18 9 tame date 1,390 3 5 —————— 217,149 8 11 Deduct- ?'"? Ded-t- 478.4i86Cï I Current trade liabilities at 31st Deoember, 1899 45,732 19 10 Net Assets £ 432,685 6 2 In addi ion to 'md- liabilities there is an existing iMue of ?75 MO BebenmrM..t)so -ri. .n,red l?s. ?tese Debentures and Loans will (1,11 he paid off out of the prooeeds of the present isme. leaving a surplus to add to the ^?s a°S, £ 21i00°' making the total _ts 9644.685 65. 2d. The Company ha.o1 Contracts in hand for the building of Turret-Deck Steamer!! and Govern- ment work sufficient to keep the Yard and Works fully employed for more than twelve months, at prices which are estimated ti) i-ield a proflt equal to the profits oertifled for 1899 The profit certified for the pant year was £ 52,087 4 2 ,r o??lM.OOO De. ??.<X7 4  bentures at 4 per cenl.£6.000 0 0 Dividend on £ 2SO.OOO Pre- ferenee $h. ,t 5 per cent 12,500 0 0 18,500 0 0 Leaving for dividend on -I the Ordinary Shares andRexer- £ 33 507 4 2 Full Pro.pe?nMf; and Forms o?'?o?a? Uon n obtained at the Omcet of -the Company, or from the ?"?"' Solicitors rx or Brokers. I A!a'lt'hktí: 1-00. LI7285' NOW BEADY.. It. POSTAGE, 2d. rjMDE rpABLi.8 FOB THE B LISTOL CHABWM poRTS, OoBtainlng TIMES AND FEIGHTS OF TIDES, SAILING DIRbCTTCNS, 60. COLOURED CBABT SHOWING POSITION or LISHT8. PUBLISHED BT yyf!(?TEKS MAIL. T IMTED, QABDEFT.  < < ? ftEE THE "EVENING EXPRESS" FOB SPOBUNO AND QENERAL NEWS ,u&litioïnpaïÙtií. -1 Th;S'1 t r ^PAL8 the )0th..u)d CLOSE ou t.he rt)LLO?k'l?KG- DAY for both TOWN and COUNTRY. ?*!? Pire<'Vor=l and their friends have taken TI}'52,~10 < £ tl,?, p?,'f?r", 20.WO) and THE HALIFAX COMMERCIAL BANKING COMPANY (LIMITED!. At Ralifu, Bra d oBri6ho?-2, I?ds, and :'n d. as their Agents. ?M?MS. DEACON AND MANCHESTER AND S.UjF,OJR.D HANK (LIMITED). I?ondon :tIIorised to receive applications for the & Debenture Stork and the b.]V(?e of the C=tti.ti?. P?f,rcin? Shares undermen- turned. ANGIZ RUSSIAN FLOUR A MILLS (LIMITED). (Inwrporato?d nnder the Companies Acts, 1662toim8.f?°'?'' The pu,i", Government haa granted the neoesMrv author!ty for h)I"M"Y to ,tll(,rty for ???ts are 1'ully* that it,, rig, SHARE CAPITAL £ 175.000. D,il,d into 21,(0) Si. rC." t.pm- .?<? f. ?'ea of £ 5 each X105 000 14,000 Ordinary Shares of £5 each £ 70,000 £175.000 ITRST MORTGAGE 5 PER CENT. DEBENTURE STOCK £ 50,000 The whole of the Ordinary Shares have been taken by the Vendors in part payment of the purchase price. ISSUE OF 17.000 6 1>EU m.;I'iT. CUMULATIVE pJA :So ?E5 EACII. Th-. shares will b, entitled to— (1) APref?reitW Dividend of 6 Per cent, per annum; (2) A pro rata di?-isim with the Ordinary Sharps of the profits remaining after the pay- ment of a Dividend 011 thoee sM,res of 10 per cent, per annum; 0 Priority ov?r Ordinary Shares with regard to Capital ua well "? Dividend; and «)Fnn Voting Rights. The Proats. "?i shown within, should be 8Um. dent (afhl' JJayit the Debenture Stock Inte- rest) to p.y 10 per cent, per annum on the Pre- tcrence 'SpT'SO.'? leave a larcre surmus T nVE P ICR CENT. FI lis T IS9UM,f ORTCiA(}E DEBENTURE STOCK The ?benturp Stock will be secured bv a First Mot- ?a?? to the Trusteea for the Deben- ?nre Stcck ttoidera of the IBuildiiiga, .Dnnt.andMarhineryofthp Company anJ a ibl.t tf",ti?g ch.u?e over ti)6 wbole of th | undertaking and general a?t s ot the Com- Puny. T)M Debenture Stock is repayable on the 1st i,, June. 115. at a premium of 5 per cent., but I t If c 4UamP?in. the ngJit, on six months' n?ice. to ?y G/¥' ? ?hoi'e or :? rar? o!" the *><ock at. any time prior to that date at a prem)um of 10 per cent The Stork will be transferable when fully paid in multiples of 410, and may be exchanged for Debenture Bonds to bearer, with Coupons attached, at an tima at the option 6f the NOgistCl'Ed Sfo<h01Mr. upon the payment of the sUtmp duty. The Intorest will be payable half-vcarlv on the 1st of June and the 1st of December the P"? P.'ynent bcios made on the ?t of D?,m. Inrp-i,l ul,. ')? Government Inspector of Manufactories appointed by the Imperial Bank of Russia un(?r the ?iretin?tance" within mentioned, 1 has valued tlv° Property, exclusive of <}o<?. w.lI, at t.?.MO Roubles, or ?]<6%4. bpi.p "MrtythrM time. the amonnt of the whole of the Debenture Slock. TMO-tl Par'b,' are as under: — ?° PREFERENCE SHARES. Per Share. OnAppii<.ation?.?? T On Allotment 15 0 Two Month. after Allotment 1 5 0 x our 51onths alter Allotment 1 \( 6 1;5 ° ° DEBENTURE STOCK. ?? ° ° On ATmliMl iUII. £Z;, 0 0 per rent. ()n APT?iiX?,300Per ?"t. 7?00 A. pplicant* for 8b3r". win i,UVo the ojAion of recM?nx eit??- R?'te?d S'ha? Certi?S  %aro Warmnts to ?'?"?'°" '? pavm«nt of the .tamp duty. Applicant* Pfor both f)eb??n-u? Stock and Pre- ?rcn<-e 8hz?r?.1 "ill have the ??'"to priority in allotment o% er app?ytng for Preference Shires only. TRUSTEES FOR THE DEBENTURE STOCK HOLDERS. ALFRED MrNDA?a??r of the Halifax OomHlerclal Banking Company, Limited. Bradfoi*dh H?Y OSWALD WADE, I?? Pi?l-dilly, Brad- fQrd.. Solicitor. DIRECTORS, 1t8on^ The HoUes. Heaton. Bra..Hr erd (Chairman of Joseph Spink and 8ono. United. Bradford, -i,,Pd .n,i i,i?itd. R??-'n). Halifax), G  CROWE BMdin?)ey. I?ed. (Managing aJ?JX,"51V?|,J>^ Grow" nd 00.. Limited. L-d.?. I HC t'R.M.P., ?391,. Cur7.on.Rtr?t. VMl ay f fair, 1..d.11, ? '?"?'' of H. E n(I.11. i,i- t1,. oAANN PART, -'OHANN FAST. Ekaterinootaw. Ruama. ALEXEJ MIOHALO?-rrz GOIUA.TBNOKF Ehatennoataw. Rw"ia (Dirctor of the flaw! r Iron Work.. Liniit?d, Ekaterino- ManaK?nsr Dir,tr. WII?HELM FAST, Fk,,t?. rinoRlaw. RUSRÜ1. 80UCIl'ORS. ASHURST. M0R!iIS- ??' and ?- ?' Ti.i !ff5,0,1. 0l,v?nn«- I.^ndon. & t ROIIERT A. KIG. Th<>ater.place, 10, SI.. Petersbui-g. R. X KERS. IAIIIC? ^C^OM..PANY (Limited), Bradford. BANKING COMI'AXY ILil'litedl. Bradford l'O 1,?n,l.n: DRUCKER and MORRIS. '?'?- morton-avenue. E.c. ^"1 MIDDLETON a.nd ERASER. Swan. arcade Lmw: HOWITT and PRMBEBTON. 15. Park wK' (Rro  H. 8UfMOS, flulrriCrjo.—d2, Queen V ctoria-street, EO. PROSPECTUS h OIMECT OF THE COMPANV.-This Com?ny h- been fonned to acquire, a a t ?neern. the 1!o"r Mi? and the I of '?he te^. ^rnCd °T'byT,Mr- Wilhlm P?t at iTOhBuila '? ?"?'° of ??""o. The hueinc"" was .?t?Lblished in 1844, ?inm S? t?? ?'" '°? wft? '? marked sucM-M i?'??t"? "°" rank '"U""B3t the most th it thfont H «*t.en!lve »n South Russia. 11,?? situated in the cent,re of the greatest coj-n. "f1 thut °ou"'ry. and, t-hem. ?,o*'? ?"S'? S'-? ?o?he Mi? ''For ?: <<-r8ton )Mo nour is practically nnhmited. ,J} L consequent upon the death of one of the Mrtn?rs that it haA been decided to oonvert t hl b.,inw? into a pub'ir Commnv '?"'°" t.FSORU'TION OF TKE ? OPERTY -The M ii .i on fr?h.)d 'and in the town of l) tennoj'l.>. .u'l within MO ya.rd? of the R?)- «VJitih ?"?eycan be -I.?d nt an estiimma7te»d cost of about £ 500). and 550 ?'B  t1I,, D?epL?rd 5.,o the BlaJclT Sea. I'h' enjoy "al's G'o? by rail and IY,.n d! .I-.  M""f'u betatititu PbJn5 ild°inls s of modern consrnction. The .1i1 s ?1-PI-td in 1891. and the I-rgr they we' full e<itiipped "'th ?a.nt and .?hfne?.?ctudin?!? ne1 labour-saving apphanc?. so as to adapt them r5' to rq.irexn, t! .rk- ing "Pln-l- are consequently 'reduced to id6a °f theirmp^tance and ?? d"nen'tons may be gain ? from the ?mc"i panying reprodu?tioM of photographs of  ?' are lighted throughout by elec- trttltE OF THE PROPER -A lte, the erec tion and ?9'"t".P?t of the Mills, the ow"Sne? rs applied to the Imperia) Bank of Ru?ia for a ??'?? upon the pinne. and 'b<eu?n th" Bank pp-i,P,ted Gove"nmnt. Inspector 01 P ? "te 1 to val,ue and report upon t h -> ¡ f:\nnfactc.riea to value and ''?°' "??" th ?HK?' the '?'" ?'"? a %'?Ll?tion of t.JM.OOO rouMe?. or about £1%,964. Upon this report the Bank made ,bLTP, tb! a prl-l :,hour ?M.2<8 and the 1, -s of tbe_- btenture Stock i. ?0.000) 271;" n' be devoted towards the re-p? Theb?=.fZ3, 248- will Se?? ?'t?dor? ?'-?? ? ?-?? Mills am capable of pro. two Mills are capable of pro- ,J °^? r 2.000 saclos of flour per day. he profi.ts have hitherto been derived fr.. the following sources: — (a) The grinding of corn for '"?'?h?°t< and 5Tower? on commission. (b) ,'he grinding of ?orn purchased bv the owners of the MtUe them,elve6. and the ."le of th. ■j !0KLcaee' t?e flour i)-d into the market under the well-known "Fast" brand, but it will relllvI,,r that the profits to th whn. working for other peo\ll Lw-.e~ re considerably smaller than when thev account and dealt with the corn on thir own The heavy expenditure necessitated by the erection and equipment of the larger Mill, added to the iarpe ?ums -)f money that had to be paid out of the bufiin.M to the familv of brothebr.. .?in,?d the capita) of tU&l2 e present owner to -u?h an extent that he « £ ?«» i1?"! 1° '?'?°" himself' prontaMe branch of the bmineM (working for X?"'?' and groweroi. ¡.nd. eMep?or a?ery .hort ,Iri he has worked only the smaner ,1,, "hd, half the capacity of the iarger one  '?"' of the bneinM. have been inv?ti- a"by"Gi?op' ?at,, and '"T,bth' .!Aug??".n ? B Id f, d. aanid d the following is a COpy of their .i e* r." t.h.. flI! t wl inlg I ? s^en that, in spite of the hXjref f2rre(1 ? by "'? K,°S:' :nla:ir¡;ate veg:; e:Vèr t io.o ner annum which is conei?e?bi?i? e??'"? K'J amount required to meet t einterest on Se 1)?2nt-udre Stockand t,o pa.y the mi.imtbm Prefe c Per ?" on the Prefrence 11. Beckett's Bank.ehambera. Br.tdfnr? To the Directors of 27th April, 1900. THE ANGLO-RUSSIAN FLOUR MILLS (LIMITED). Gentlemen,-In accordance with YOUr instruc- t.on?. we attended at Ekateri.I., S?a and examined the bonh. of Mr. Wilhelm F?,? for the four years ended January ?- 1898. and have to report as follow8:- The books have been fairly well kept, except- ing for the year ended January let 1896 (during ?wb.tchye?- the larger Mill wae built and the ? .°???"? was imperfectly attended to. and irrive^tUie^T "8- th??f.Te, unable to ?arrive at the profit.). The Pmfits for the remammc period have b?J"i?&w?L? remainiDB ?od h?T. Year ended January 18t. 1895 CID.615 Ma. 6d. Nott.-Dnri? this vear the mall Mill only a5e;, and *?' chiefly employed in grind- ?im Md*e)ih.ne corn purchased bv the owners. Ymr ended January 1st, lo97 ?M.? 7s. 9d Not.Tht on)y time the large Mill has been at Work was for about 9ve month, during this year, and then only (we are informed) at balf- time. The work of grinding on commission const,ittited the larger part of business done. Tear ended Jauuary let, 1898 ti,830 10s. 8d. Note.—Owing to lack of working capital, through having toay out his deceased brothers interest in the.busioess, and to the fbeavy payments which he had to make to tie Contractors for the large Mills. Mr. Wilhaim Fast wm ooliged to coafine hiffljirif dmsnc this i I^^JubUc Companies^ 1 year to the least pmftable part of the bmi. j ne. namely, the grinding on oommi.aion., .I.oA ..?lu.i?.1y. a\r&lt;.e figures no charge has been made for interest on capital or services of th« ¡ Proprietor, While -p?e,i ?tim has b""n written off plant and buildings, ail repairs, maintenance, and renewals have been charged against revenue. From Janua'. 1898, the small Mill bas been worked by tenants of the Proprietor, wi? wh? profi the latter is not -n rn,4. In conclusion. we would my th%t from our examination of the books, alter mpamting the revenue d?ived from the grinding and ■ selling of corn purchased bv til?idng ,,d from the revenue derived from the ?ndi,,g of corn on comulissi?. ?.?ing the tt Mill. be running at their full ?I)a(?itv on the former branoh of the business, and upon the above basis of profits, the net profits work out at the rate of a sum in excels of £30.000 per annum. In arriving at the above figures we have tallen the value of Li at Rs. 9.30. We certify accordingly. We are. Gentlemen. Yours faithfully. GLOSSOP, CRAVEN, and TEB. Accountants. The proposed Working ,P,t.1I. 150000, which is considered ample to keep both Mills working at their full capacit.. and, taking o ?o,j is at .Iy X30 '000 '-r b own \ho:"o (!7ti' gere would be suffi- cient to pay tbe- Interest on the X50,000 Debenture Stock £2,500 Minimum Dividend of 6 per cent, on the X105-000 Preference Shares 6,300 Dividend of 10 per cent, on the 970.000 Ordinary Shar 7.000 15,800 An additional 4 per oent. on both the Preference and Ordinary Shares, together amounting to £175.000 7.000 £2.2.800 and leave a balance of £1.200 for Management. Redemption of Debenture Stock, and R?erve Fund, ,?uIt 'd?ill thus be ..n that, after the payment of their minimum D;i,Ide"nho,f6per -?.t,. the Preference Shii mholdem would receive a further Dividend of 4 per cent., making a total of 10 per cent. per annum for the Preference Shares, after setting a*ide £1,?JX¡ for the pur. poses abovenamed. GOODWILL.—The business has an excellent reputation and a oonnection throughout MANAGEMENT.—Arrangement.* have b-. made with the present Proprietor, Mr. Wilhelm V,,t to act ?I,.gig Director in Bu?ia for a minimum period of five years, and the L)i- W, propose to ?m? the ?rvic?ft of an expert Engli-h or American miller. The 1nnn1nt of the business will, therefore, be in thoroughly practical and capable hands. PURCHASE I'UIO!>The purchase price for the freehold land. mills. plant, machinery, stock-in-trade, goodwill, and benefit of all contracts h, been fixed by the Vendnr23 at £175000. payable as to £5,000 in cash. £ 70,000 bv the allotment of the whole of the Ordinary Shares, and the balance in cash. Debenture Stock, or Preference Shares, or partly in one or partly in the other, at the option of the Directors, leaving, therefore, 60,000 Preference Shaires for the provision of working capital. The Vendors pay all expense* up to the first general allotment. The following contracts have been entered into:— U) Contract, dated 14th October, 1899, between Wilhelm Jacovlevitch Fast and the London and Midland Syndicate, Limited (who are the Vendors, and are selling to this Com- pany at a profitl. (2) Supplemental contract, dated 3rd November, 1899. between the "ame parties; (3) Contract, dated Jannary 11th, 19G9. between the J/ondon and Midland Syndi- cate. Limited, and the Anglo-Russian Flour Mills, Limited. Besides the above-mentioned Contracts there are other Contracts (to which the Company iii not a party), relating to the formation of the C.?. 'i' i Company and iiub?wi-ipiio of its Capital, anct:iPonma;f Co<¡'tš I w Ithe meaning of Section 38 of the O)m- panies Act. 1867; and, accordingly, applicants for shares a re to be deemed to have notice of the said Contracts, and to have agreed with the Company las Trustee for the Directors and other persons liable) to waive all claims, if any. against them for not more fully com. plying with the requirements of the aid Section; and allotments will be made only UpOI1 this express condition. Ths Memorandum and Articles of A S80" tion. the Trust Deed securing the Debenture Stock. and the above-mentioned Report and Valuation of the Government Inspector of Manufactories, the Certificate of the A"coon- tants, and tho Contracts dated as above, may be seen at the Offices of the Solicitors in Lon- don. Where no allotment w made the deposit wHl be returned without deductiou. If a ls amount be allotted than is applied for. the surplus,P!?b*i d n,, il wi.ll b ppli,-d If a leislsl surplus of the deposit will be applied to the .t "b" allotment, ana the balanoe, if anv, will be retuIIrn-eITd''nt, and the balano., Applications for Debenture Stock and Pre- ference Shares should be made on the aroom- panying forms, and be sent, together with the d,oit to I-k. ?-P,cti o. n can be obtained fmrn the Bank. 33r.ker. or Solicitors, and at the Company's Offices. Application for a quotation of .the Deben- t ure Stock 'md p?refemn? Shares on the London Stock Exchange will be mado in due course. London. 7th May. 1900.. L17287

I CARDIFF MODEL YACHT CLUB. The Cardiff Model Yacht Club sailed the third race of the season on Saturday at the Roath Park Lake. the prize being a cup. put up by Mr. T. A. Reed, M.I.N.A., to celebrate her Majesty's D amond Jubilee. The condi- tions were that the cup should be won three times by the same boat, not necessarily in succession. Th, wind w., f uffl?i?.t :c: to m: go:npour;; .u: carried. The course was three times up and down the lake at a distance of 3,600 yards, a iC;:eu a:anko: of 30sec. tej;h3':i::re at the start. Captain McNeil officiated, and > started the following boats at 4.20 p.m.SdlJoni!\o. 39ill.; Dodger, 42in.; Mildred. 42in.; Sid. 42iin. Caress, 43in.; Gower, 43in.; White Rose, 44in.; Madge. 44in.; Queen Mab, 44in.; Cariad, 43in.; May. 46in.; Lulu, 46in. It being a broad reach, a most exciting contest was fought First round: 1st, Mr. Tucker's Mildred; 2nd, Mr. Martin's Queen Mab; 3rd, Mr. Smith's Madge; 4th, Mr. Venn's May. Second round: 1st, Mr. Tucker's Mildrod; 2nd. Mr. Han- cock's Luln; 3rd. Mr. Smith's Madge; 4th, Mr. Tom Smart's "White Rose. Third round: 1st, Mr. Tucker's Mildred; 2nd, Mr. Smitb'sMadge; 3rd. Mr. Smart's White Rose. Time. 54min. Thjg competition is now finished-Mildred, three wins; Madge, two wins; White Rose, two wins; and Dodger one win.

[ insiurss aiiirresrs. ,SPECIAL VALUES in GARDEN FURNITURE AT STORES CASH PRICES. oiltDE\0BB4?.AvTr8 a — Jrom 15"- M. GARDEN ROLLERS from J7s 64. .?.from 10*. 6d. GA BDEN ABfHBS from 4* Ot Our 21s. GARDEN TENT Defies Competition.  "fin^a'n the REPOTATION tM<d at the BATH and WEST and wri? oth<? S?.???ALSs??'??'?? BEST M?Uon ? Horticultwal TErGM-d? PA4Qi.itoW i A LES SEND OR WRITE FOR GENERAL CATALOGUE (FREE). LAWN MOWERS GROm.-n. CLEANED. AND ADJC8TED BY GROUND. SPECIAL MACHINERY. —— thuuu lOin. 12n. > 14in. 3s. 6d. %& CAL?O'? SJ lb 6(L fA I& 6d. L4 IB& 6d. ??OM.S LION ?- ? ?. ? ?  AUTOMATON Min *? Mm" itS* IMn.3^ eREEJTg nMN8 MMaOB &3,i6& M > Mta5*" 'Min*' ^lem' 6d. MUSOR 121n. 141?' 216 G£Jœrs8ILENS M:B89OB .Ui6e. 6di ?M 15*. M. i AL 0& 8i; M. OUR MOTTO-LOW PRICES, PROMPT DELIVERY. CROSS BROTHERS. THE CARDIFF IRONMONGERS. 3 AND 4, ST. MARY-STREET. CARDIFF. rfW

BORWICK'S The BAKING Btheastt Mone* POWD E R. Bcuayn. A UK