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with its circular faces in vertical planes inclined to the picture at angles of 45° towards the right, the eye being above the slab and well in front of the picture.

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TYPEWRITING.

(JUNIOR COMMERCIAL EXAMINATION ONLY.)

The Board of Examiners.

Neatness, speed as shown by the amount of work completed), spelling, syllabication, punctuation, and general intelligence will be taken into account.

Candidates must submit at least Three papers covering— (1) Nos. 1 or 2; (2) Nos. 3 and 4, or No. 5; (3) No. 6 (indispensable).

1. Copy the following:

The Subscription List will open on Thursday, the 16th March, and close on or before 4 o'clock the same day.

Messrs. Tompkins, Jenner, & Co., 435 Eaststreet, London, E. C., are authorized to receive subscriptions for the undermentioned issues :

The Utopian Railway Company (Limited). Incorporated under the Companies Act 1862 to 1866. Authorized under Royal Decrees of the Utopian Government of 9th April, 1885, 14th July, 1886, and 21st January, 1887, by which a guarantee of interest at 8 per cent per annum on $4,964,400, equal to $397,152, is granted for a period of 99 years from the 9th April, 1887, on the terms and conditions stated in the decrees, payable out of the Treasury of the Utopian Government; the additional guaranteed capital for authorized extra work is mentioned below.

Issue of £200,000 six per cent. prior lien mortgage bonds, series B, part of a total authorized issue of £300,000, secured by a mortgage deed giving a charge on the railway, subject only to the charge securing the previous issue of £285,000 prior lien mortgage bonds, series A, but in priority to the whole of the existing

The bonds are

debenture and share capital.
redeemable by fifteen annual drawings at par,
commencing on the 1st July, 1906, or, at the
option of the compauy, on giving six months'
notice after that date at £110.

Price of issue 91 per cent., payable-
5 per cent. on application;

26 per cent. on allotment;
30 per cent. on 17th April next;
30 per cent. on 17th May next.
Capital Issued.

£132,090 ordinary shares.

300,000 7 per cent. preference shares.
730,000 6 per cent. debentures.

285,000 6 per cent. prior lien mortgage
bonds, series A.

Total £1,447,090

Board of Directors.

A. Henry Thomas, Esq., Chairman.

William de Lisle, Esq.

Richard Greenway, Esq.

Bernard H. Crofts, Esq.

Percy H. Preston, Esq.

E. Wallace Burns, Esq.

Frederick Quinn, Esq.

Sir Waley Snooks, Bart.

Bankers.

Metropolitan and Provincial Banking Company (Limited), 43 Chester-street, E.C.

California and Hong Kong Banking Corporation, 19 Parfitt-lane, E.C.

Brokers.-Messrs. Clayton, Gibbs, & Co.,
Euston House, E. C.

Solicitors.-Messrs. Flood and Sons.

Secretary-John Worth, Esq.

Offices.-398 Finsbury Pavement, E.C.

2. Copy the following:

FREE EDUCATION.

Many persons are anxiously awaiting the effect. of free education on the attendance. Here are the official returns up to this evening, from 370 Board Schools only out of 410, forty not yet having reported. The increase for the first week of free education, ending 4th September, is 28,471, compared with the last week of payment of fees, ending 28th August.

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It may be supposed that many parents may have kept their children at home the first week

after the holidays that they might begin their term with free education; but, for all that, there is a large increase, which is very gratifying. There are 410 Board Schools in London, with 450,981 children on the roll, and an average attendance of only 347,857, making the number of absentees 103,124, albeit that £40,000 is expended annually in enforcing compulsory attendance. Now that the last vestige of excuse has been removed the number of absentees ought to be very greatly reduced. London, 7th September.

3. Copy, and display in correct form, the following:Percy F. Green, stockbroker.

18 Clinton-avenue, London, E.C.

List of Syndicates Open and Closed.

Syndicate, Stock, Duration, Profit.-No. 1, Mex. Rails, 13 days, 70 per cent.; No. 2, Bton. A., 21 days, 150 per cent.; No. 3, Milwaukee, 8 days, 113 per cent.; No. 4, Great Eastern, 29 days, 60 per cent.; No. 5, Dover A., 15 days, 80 per cent.; No. 6, Trunk 1st, 40 days, 30 per cent.; No. 7, Spanish, 30 days, 75 per cent.; No. 8, Jagersfontein, 29 days, 212 per cent.; No. 9, Louisvilles, 7 days, 90 per cent.; No. 10, Union Pacific, 12 days, 120 per cent.; No. 11, North-Western, 60 days, 150 per cent.; No. 12, Sheffield, 5 days, 50 per cent.; No. 13, Bton. A., 9 days, 85 per cent.; No. 14, Greek 815, 4 days, 115 per cent.; No. 15, Rio Tinto, 25 days, 30 per cent.; No. 16, Atchison, 16 days, 45 per cent.; No. 17, Berwicks, 11 days, 87 per cent.; No. 18, Mex. Rails, 18 days, 115 per cent.; No. 19, Uruguay, 6 days, 70 per cent.; No. 20,

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