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Newport National Eisteddfod.

ISNATCHED FROM CERTAINI IDEATH.

MOVEMENTSOF LOCAL VESSELS…

I _-YANKEE -YARNS.-

BOY KILLED BY LIGHTNiNG AT…

I-THE 24th AT LLANDILO.

NATIONAL CYCLISTS' UNION,…

THE -LOST LETTER,I

IAGRARIAN OUTRAGE IN IRELAND.I

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FACTS AND FANCIES., —.

IIHYMNEY COAL AND IRON I COMPANY.…

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IIHYMNEY COAL AND IRON COMPANY. Shareholders Demand an Investigation. An informal preliminary meeting of share- holders of the Rhymney Coal and Iron Company was held at the Angel Hotel, Cardiff, on Wednesday afternoon, Mr W. S. Hume, solicitor, CardiiF, was voted to the chair, and those in attendance represented in the aggregate 12,000 shares, old and new. At the outset, Tho CHAIRMAN read a letter from Mr Thomas Morel, J.P.. who, m stating his inability to be present, said, I shall be glad to co-operate with other shareholders. I know the reasons J why the company is not paying." The Chairman declared that the company had a really good property, and all that was wanted was i^fficienb management. He objected to a Welsh coal compauy like that being managed from an expensive London office, and he thought some members of the bo,rd might ba replaced with advantage to the company. He complained that the reports of the company furnished little practical information referring, on this bead, especially to the brewery, which, judged by other breweries, ought to be very remunerative. But shareholders had not been able to ascertain whether the brewery paid or not. In the course of ensuing discussion it was pointed out that inasmuch as the usual meeting of the company took place to-day, it was too late to pret proxies filled up in regular form, Mr S. HERN suggested that that meeting should be represented in Cannon-street to-day, and a demand made for an Investigation Committee. Mr W. T. THOMAS (Memhyr) made a long statement as to the affairs of the company. He complaine1 that when he had been present at meetings of the company in Loudon and had criticised the report he had been hooted by shareholders, who were nothing but speculators, who bought for the rise. According to a statement made by the chairman of the company about two years since, the profits on the brewery alone amounted to £18.000 a year. Prior to the present board coming into office, 18 years ago, the company was paying 6 and 7 per cent. The directors had spent in that period over a quarter of a million of money upon steelmaking plant, which was then considered the best in South Walof, and was put up under the superintendence of Mr David Evans, the present general manager for Messrs Bolckow, V.iughan and Co. Now those work-! had gone to rn:n they were only a nest for birds. They had been dismantled, and works which had cost over a quarter of a millio had realised but a few thousand pouudp. The new capital and debentures of the company raised during the board's term of office amounted to £532.650, of which £ 350,000 was in 5 per Cent. Debentures, although there still remained £ 51,000 uncalled on the Oidinary Shares. The output of coal in 1831, according to Mr David Evans, was 550,000 tons and although new pits had been opened since then the output last year was nearly 40,000 tons less than in 1878, when the board came into office. The company had tho best bituminous coal in South Wales, and any quantity of it S the spot, and their work,- were two miles nearer port than were those of Cyfarthfa. Yet they had been carried on at a loss from year to year. There was a beautiful directors' bous." at Rhymney nothing better in Cardiff to which the directors came down to stay, sometimes bringing their familie. (Laughter.) Mr SAYCE thought it would be a mistake to call up the ordinary capital, because it improved their credit. Mr THOMAS asked what about the credit of the company before the 5 per Cent. Debentures were issued ? Mr SAYCE rr-joined that they were a dividend- paying company in those days. Eventually Mr Samuel Hern and Mr Thomas Morel were asked to attend the meeting of shareholders in London to day, to take such steps there as they may deem desirable to secure the appointment oi a committee of investigation. It was decided to adjourn for a week-on the motion of Mr Giffen (Massy and Co.)—to receive a report from Messrs Hern and Morel, and to elect a com- mittee of investigation of five. Circulars will be issued to the whole of the shareholders, giving notice of next week's meeting atcardiff, when it is expected there will be a large attendance, not only of South Wales shareholders, but of those in the West of I

I SOUTH AFRICA.

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Messrs Davies, George, and…

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I THE 10CHI EXPEDITION. I

I BANGOR & ARVON BUILDING…

AN ARISTOCRATIC MILKMAN.I

'-THE SUNDERLAND MYSTERY,-I

TERRIBLE HEAT IN ALGERIA.I

BATHING FATALITY AT LLANELLY.…

EPPLOSION IN A CARTRIDGE FACTORY.…

[No title]

-SOUTH WALES TIDE TABLEI

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