Mr. Francis Ward( n was electe d a Director of
the East India Com- pany on Wednesday, in the room cf Mr. George Raikes who had dis- qaalified. A most important change has lately taken place in the value of cer- tain descriptions of dock property, and more particularly that which tip to the expiration of the charter belonged to the East India Corn- patty. After it was abandoned by them, it fell into other hands, who reduced the charges, and effected a variety of other useful reforms ; the consequence of which has been, that the stock, which paid a very small dividend, and could with difficulty command any sale in the market, has risen from a price of about 50 to 115, and has become one of the best-esteemed investments of the kind. The last dividend de- clared was 3 per cent, on the half-year. The West India Dock Com- pany at their semi-annual meeting declared a dividend on the half-year of 2i- per cent. In general, owing to the prosperous state of trade, property of this description is in better estimation than it Las been for some time past.—Times.
Previous page
