Details of the great Imperial steel and transportation enterprise, under which the British Empire Steel Corporation, with a capital $500,000,000 principally English, takes' over the inion Steel Corporation, the Nova Scotia Steel and Coal Company, the Canada Steamship Lines, and eight other companies, were announced to-day by Colonel Grant Marden, representing the English interests (says a Montreal letter of May 2). As stated previously, the merger will be effected by an exchange of securities. An initial capital issue $207,000,00 is to be made.
Three classes of securities are offered for the existing shares:, 7 per cent. Cumulative Preference Shares, which will be exchanged for stock of a preferred nature at present outstanding, and 7 per cent. Non-Cumulative Preference and Common Strok, the two latter being utilized chiefly' to take over the ordinary stock in the various companies. An $ per cent, Cumulative and Participating stock is also provided for, and will probably be offered jointly in Great Britain and Canada, in order to provide additional capital to enable the Corporation to carry out its ambitious programme of improvements and extensions, The board of the new: Corporation will be composed of the most important members of the consolidated companies, mented by cthers who have attained Brominence in, connexion, with canadian Gnancial and industrial activities. A London Advisory Board will be constituted, which will include the principal executive heads of important steel and shipping enterprises in the United Kingdom. She total assets, according to a preliminary statement of the company, amount to $486,000,-
Private McNulty of the Amer-tean Marines of the Legation Guard, Peking, who wns seriously injured in the automobile accident on the Tongshan Road last week, has so far recovered as to be able to be moved from the Rifle Range Camp into town. A slow bub ce-plete recovery is hoped for. The body of Quartermaster Sergeant Kivett, who was killed in the same accident, is being held until the next Eransport, by which it will be sent to His home in Americ {same of brilliant colours), 20 sen: Kanctataki, 20 sen; Mutsuwa Mushi (noisy cricket), 20 sen; Emma Kuroge (cricket), 15 sen; Suzumushi (grasshopper), 15 sen; Matsu Mushi, 15. sen.
It is confidently expected by insect lovers that prices will be cheaper toward the end of June, when large supplies will come in from the country districts, Already many Kajika (singing frogs) are being brought in from Shidzuoka and selling for prices ranging between 40 sen and 5 yen.
Text read from the printed page and cleaned; old type leaves the occasional error.