[168.] A sum of money is divided among a number of persons; the second gets 8d. more than the first, the third gets 1s. 4d. more than the second, the fourth 2s. more than the third, and so on. If the first gets 6d. and the last £5 2s. 6d., how many persons were there?
IT COULDN’T BE EXPECTED.
Teacher: “Johnny, where is the North Pole?”
Johnny: “I don’t know.”
Teacher: “Don’t know where the North Pole is?”
Johnny: “When Franklin, Nansen and Captain Andrée hunted for it and couldn’t find it, how am I to know where it is?”
[169.] For a loan of 2,500,000, 4½ per cent. per annum is paid by a mining company whose capital is £4,900,000. The working expenses constitute 52 per cent. of the gross receipts, which amount in the year to £965,000, and the directors set apart £44,450 as a reserve fund. What yearly dividend do the shareholders receive?