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5 . - ^.W. RAILWAY GUARD Js…

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LOCAL AGENTS.

^ THAN MEDICINE.

, LI 689 OF COMICBBCE

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PENRHYN QUARRY DISPUTE.

DISTRESS AT MORRISTOff.

! LINOTYPE DISPUTE.

CRISIS IN THE SHIPBUILDING…

WELSH COAL TRADE.

COLLIERY WARNING.

SITUATION AT HAMBURG.

DEMANDS OF CARDIFF AND BARRY…

PRINTERS' STRIKE AT SWANSEA.

STRIKE OF SUNDERLAND ENGINE…

IISCOTCH MINEBS AND THEIR…

A DISPUTE SETTLED.

OUR POINT OF VIEW.

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NEWptSHOP OF ST. -,,',,,,,…

|SCHUBERT AND BEETHOVEN I-

PROPOSED INCORPORATION OF…

I WEST GLAMORGAN DISCHARGED…

. TOTAL ABSTINENCE AND CHURCH…

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ELECTRIC 'lR.JJrWA.YS FOB…

COAL MINES BILL.

BRITISH COAL AND FRANCE.

. BABBY BUILDERS ANGRY.

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BRECON AND JttERTHYB JUNCTION…

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BRECON AND JttERTHYB JUNCTION RAILWAY THE QA TION OF SELLING THE LINE. On Wetlnesday afternoon the seventy-fifth ordinary meeting of the shareholders of the Brecon and Merthyr Tydfil Junction Railway Company was held at Palmerskon-buildings, Old Broad-street, E.C.-The directors' report stated that the net revenue of £ 19,585 was sufficient, after providing for the rent-charges, Rumney Preference Shares, and "A" deben- ture stock, to pay 2 per cent, on the "B" deben- ture stock, and leave a balance of £ 1,092 to be earned forward. In view of the fact that an additional sum of JB2,916 only was required to meet the arrears of interest due on the stock, the directors had decided to make a full pay- ment of 3 per cent, upon the "B" debenture stock. In moving the adoption of the report, the chairman (Mr. H. F. Siattery), said the revenue as compared with 1895 showed an increase of Llt086. The payment on the "B" stock of 3 per oeut. was expedient, owing to the proposed issue of £ 30,0C) "B" debenture stock, authorised by the Brecon and Merthyr Act of 1895. As this itssue will rank pari passu with and form part of the existing stock it would have been awkward to have had one porticn of the "B" stock bearing arrears while none attaches to the other. The v/hole of the new works for which the issue was authorised had been completed within the past half-year, and they were now in a position to deal with any ne.w traffic that might be offered when the new pifts were opened. The works in oonnfotMn with these pits have not, so far, made nch progress as they oould wish, seeing that they aBready made the necessary out- lay to meet the prospective traffic. In all pro- bability, however, another pit would short1}" be sunk, near the head of the Rhymney Valley and on the company's line. (Hear, near.) The opening of these new pita would not alone lead to an increase in the carriage of minerals but of passengers and merchandise as weiL Turning to the revenue account, the passenger receipts showed an increase in all dtasses, the total increase being JB545. Parcels, Ac., only showed an increase of £ 4; merchandise, less cartage, an increase of £ 397; live stock, a decrease of £ 16; minerals, a decrease of JB255. The expenditure showed a decrease of £ 482, almost entirely in the maintenance of way. 4c., all the other items of expenditure being much about the same sa in the corresponding ftiomnnta, any increase therein OèÏag accounted for by the increased train mileage of 12,000 milee, or 6 per cent. The percentage of expen- diture was 55'82 of the receipts, against 57 66 in the corresponding period of last year. As showing the steady development of the line under adverse circumstances, he pointed out that in 1884 the large works of the Rhymney Iron Company were in full swing, while, un- happily, they had now been closed for several years, and the disturbance in the rates corns, quent upon the opening of the Barry Railway in 1889 had also to be taken into consideration. On the whole, he thought the position the line now occupied was a subject for congratulation, and the prospects were decidedly brighter than they had been for many years. And this led him to a matter which had been put to him bv several shareholders—the desirability of deal- ing with the question of selling the line. Although they would be quite prepared to con- sider any proposal coming from another com- pany for the purchase of the Brecon and Mer- thyr line and give it serious consideration, it was not the interest of the shareholders to take any steps towards obtaining offers from any other lines in the district, for this reason: they had finiAed the doubling of the line, and they had done all the other works neoessary for dealing with a large mineral traffic, at a lower rate of expenditure than hitherto. There was the prospect of a considerable augmentation of traffic arising from the sinking of new pits adjacent to the line, whidi is serving a valley which bas not been exhausted in the slightest degree, but which was about to commenoe to raise more minerals, which would have to be carried to different parts of the coast. He thought that some years ought to elapse, so as to ascertain what really were the value of this increased traffic, and the works which they had finished before they approached towards absorption. If, however, any large company in the district should make an offer on just terms, it was the wish of the directors to give it serious consideration, in the interest of the shareholders of the Brecon and Merthyr Rail- way Company. Mr. R. P. Brooks seconded the motion for the adoption of the report, which was carried. The retiring directors and auditor were re- appointed, and, a vote of thanks having been passed to the directors and chairman, the meet- ing concluded.

I ASSAULT UPON A STATIOCT-IMASTER-

. ECHO OF CARDIFF EXHIBITION.

I. ! AUSTRALIAN V. WELSH!…

. PRESENTATION TO THB EX-MAYOR…