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¡ SOUl H WALES TIDE TABLE.

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IX60 FOR A "DUCKING:" I

In Search of the New Woman.

,Bogus Clubs.

- A FILTHY BLACKGUARD,

AN ANARCHIST MANIFESTO.

ASSAULTING A CONSTABLE

-THE LEVEL-GROSSING AGAIN,

The Man About Town.

TO-DAY'S WEATHER, 4.30 P.M.…

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I Murder Confessed. 1

MONKEYS' PARADE.

PQRTH MUSICAL FESTIVAL.I -

ACROSS THE ATLANTIC IN TWO…

-_..,.-SAD ACCIDENT AT CARDIFF.

A STRANGE TURN-OUT. I

IA MAD VIOLINIST. I

! Splitting of Rhymney Stock.…

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Splitting of Rhymney Stock. Shareholders to be Consulted. Mr W. Fairlamb, secretary of the RhynoneJ Railway Company, has issued a circular in th( following terms to the shareholders with refer- ence to the proposal to spht the Rhymney Stock A suggestion has been made to the directors that it would be of advantage to the holders of ordinary stock of the Rhymney Rail- way Company that this stock, which now stands at the market price of abottl 193, should be converted inbo two stocks of double the present nominal amount, one being Preferred Ordinary and the other Deferred Ordl. nary Stock. This course has been adopted in oma other companies, but opinions are not unani. mous as to its ad vantage, The Preferred Ordi- nary Stock becomes more valuable, but the De- ferred Stock, in like proportion, more speculative. If adopted, each £100 Ordinary Stock would be converted into 2100 Preferred Otdinary Stock, wifeh a fixed dividend of 4 per cent. pei annum, and £100 Deferred Ordinary Stock, which would take the residue of the dividend available for the year on the original £100 stock. Although the shareholders will thus re- ceive nominally £ 200 stock for each £100 the value of the jB200 would probably not much differ from the market price of the undivided 2100 original stock, and the aggregate dividend paid on the two stocks of £100 each would together be the same as the dividend payable on the original jBICO stock. As the question is eminently one for the decision of the ordinary stock holders, and Parliamentarysanction would bo necessary for its adoption, for which notice must be given during' the present month, you are requested to fill up and return the enclosed form not later than the 12bh inst,, expressing your opinion as to the suggested con- version, in order that the directors may be informed of the opinions of the individual share- holders as some guide to their action."