The Express. — London, England, 1850-08-17 00:00:00

Ty' Vag ••• gji bmitabli W Rale Ram Boa ea • •• •••••.,,,,,s tr mai es the 2* were delivered op t o 1.11 W r toe e coning dat the roomer ) 1 • 1 " - hat I Us N' ftej , T ., e „ Tose at, 9 • Simon s ATI all teercital sea, their teretneet , .t. inerriereeesse rebehly commuted ; '• . • •s Sperfltor. hums 11. sae . rr we horn that th ree officers ( Lieut. :1 - N i r a . Sspte, molst.-oommissiontirs, and .he 6 . aide . Carpe) nearly fall into " o r the A:ft.:tires is the poem They bag • ,r. r. t-e over to the poet of kobat, .1.; • t he passes when they were s - • s pecial messenger bons Captain . • 1 , 0 a z , cavalry, commandiog that thc.r Morn, as they were way !". •••• usa trlv they took his a dvise and returaed. • • • • . i ~ :u . nf with the Atfresdies have West 4 ais the proper season another force will ren t after worm to endeavour to punish ri; mcd sated treachery. They him son-, .•ionrg s:s•n in all directions. CoL Roberta, ov nian sat Pcchsw ur. A police, 6,000 •• t . be raieed in the Panjaab. Lady r "a. : ace Pr. Pathway la left Lahore for ;l • " . •o n • r Henry. Maharajah Goolaub s • • o l'ashiners inns Jokmoo, wbwhin▪ lo • t . unwell, hut by latest accounts &to r. 'Post Mahemed of C,bool has, it vs- l b' • ;a rz, e 1 the Bokhara ruler from • •-• - ...S it a It .3;•., his army being commanded by • t:tsm K' ,o. . 1 • says: "Tin urine of e put month has been an , . , :try ertut of more than ordinary . r -ti revel, Ceannander-io-Chief, and tr ** are still on the Mts. The • • ‘v we.s of Ball:more removed from v• •• • • on t!•• 1.1 , h ult., accompanied by &A Mr. Bayley, the under-lecrt -: •r• TV has bean said on the subject of trwmer.:, hut the departure of the • ... - t. t!'.• probability of which we • ' L ! • Lica place positively about ..• cause of Sir Charles's early • ••ci b high sod important Effie'. ... • ro ether officer pow/seem superier, vsa sty equal. fitness, has gives • •• fpecolation, the latest • geheral:: btltt ved to be the correct ex tr. mrst.ry rsferring it to an assumption en his put beyond the limits of his y s escal.t.l conceives thst his authority of all purely military questitme . , -et resew to the Lead of the governmeat, and . r -re ems ttatt have come befure him has • . ..hery to practice. One of these was the • the wl h 8.N.1., a measure which is ' . •, ~c on reo.•;red on and promulgated with . .. 6. I:iag the opinion of tilt Governor-General, .• mewed - , to defer to the superioe • ;I*.f et and experience of the head of the array, • • .•-t his own preoedeacer to be tins openly .; •In at a p - otest. It is accordingly believed • . i• .. re •naal addressed an offte:al wig • • s.r t hai.es Napier ea his undue assumptiJo • ...• • which let his exsellesey to tender his I: has been remarked that "it is highly •.roner-Oenerel's credit that he did not drily • . ....LW by cincelliox Sir Charles Napier's • patties aside all personal feeling, only . public esevise, which would have sat . en open clashing of aatharities, and the . ,•• ....r.entatatv which mast in (sten have sto :he validity of any naval order. The L. rtareliis f's proceedinp have been confirmed, • . • Attie is Ism the ease pap er:: :'..rJewh the evidences ef a hapy hot geadual • tht tei.• sy sad embolic of away to the • v .u..ty. and peiteful prosperity eta well-ordered • . eekninkat. are daily becamtng more sppareat. " d• of peblie roads, budges, suds, works tr. in vertu, tutifyieg to the dully of the . •• • makeup if poolible for years of put neglect, . -it mu Oat: former Squishing ecaditios of ••te t kiss everywhere 'Mho the eye of the °heavies • .0: this 'ablest the Dent G3Z•tte remark', that (mrerair-Goeseal to visit the immune wain . • v s ••• low resilient, he would thick any rum well •osil tend to restore semething of their former • • .. couditime. That the country was once li•nriati , kat from theormains of villages in • very d.rection. . t•vai of ism-eu treat. The trues of bygone cal :rimer on at sides, thzogb now overgrown with • :ion Fr.= sb - at on miles below tlariteur, aN ais) be said to conitt.eace, sad it runs t•••• withest a break to !Aeolus, bat above Vs • ts 'he Mat of die heir. Ik. view is inagnifitte•, as led, as far as the eye can nub, by wev'ar • : gesin. Is the lower pin of the pleat, ab-ut from Lahore, the water is seam and indifferent, :morally epiakkg. there is no want of the prime •ery .4 ex rises. TM authorities may well hairy en peseehal labours,; for byi aad by s mite of torviniable —lure will do es •re for the pre_otrystios of peace, than Mow of s sohlien." [Lack Ave " spitatka is just now at low-water •-• suspension of two of the obnoziwas enact -. Ala for the present calmed our fears, and coiled • • ire, Trete is, however, reason to batiste tbat they rerothrily laid oa the shelf ' awaiting the mei .. .o.lsy's Criminal Code on white, in accordance • ••.eg. meat mode by th e Governor.° literal before the upper provinces, the Legislative Council are • 7 errand. The current report is, that her Ms .., . is Calcutta rested their principal obj-ction to • r f the met fir sobjm•iog Europeans to the juin •te musty ekrt., on the ah-enco of a erimisal . •! to the wants of the community and the advances • thee e. Regsrdiag the superior excellence of tole ell parties an until. :.awing 19 from the Overland Calcmfla thy : • 1: • : , •yeet of our foreign relations with India is . , aid no ej aceLt ruler has found it expedient his bultje,tr, and endeavour to redeem by of a nic his waning influence, by recalling • .Istint is from the Bengal ifetrkarot • • • :,...hte•i.n by the l'irudent of the Council an o' •.1 hocceiorth no export daty will be Wiled on :um at any port in led's. This will have the • !; shit aunts of those articles to foreign pore, • • ;at to a date of 3 per cent., on the Mae to t • Brit sh possestions. . •Le sets recently promulgated by the local logials • r " the Rocialkation of Merchant Seaman," • • .r tt the Equaragemest cf Merchant Seam. a." these easements is confined, of course, to ! other seamen of ships belonging to and trad •:.• 'anus ports of India. Too, form a long - •.0 to the chipping and mercantile interests, • : .ad sag desirable reforms being expested to i•eir Mtn:duties. .•-• • •• cutieues seasonably moist, sad is mods. • owl healthy. The indigo planters of Laws, , dosing to complain of having too much rain, atter up are in want of it. • a more settled sullen*, and more eneou • .rte fr.m home, have given ea lapetus to the - • t !..t that far imports is, If poesible, more • • • ••• et lce date of our last despatch. Etchings is • . far tut-class credits at six months eight. • •••••.0 hits rallied a little within tholes& law days, . • . for ragas to Ludes. NI 51 EIiCIAL INTELLIGENCE. r *ming providing our . tl.. haohoy mem of the Ant null of . . t...5h00 ttotao Y tho Lb of that math. The ." 1 :tb. • • e✓l. tr; brosilit r inwillesass was • uar: ••• .atpreressat as regards tbe kWh* -rtuu , a torldwable annum of &pismire vrral markets /UMW to thY • Apr &mewed Mails M - all ' to 1.4 the War lar dam Om ra sows. -ovary, t 0.,, mos melt rum* la fres •• a thoif WPM& ne 011141MNIONI ". Ow* La Ow arta% awl abut mg all Wpm r we... 04 was thit emenivelL I= l : nadr iorks air • "Auer. 'duet van raid M ran. Wady andrawd sboadear. sad pro. mt.tooriest were amer* oriebt; astollbelme souiry werunftellard prodase to baad awl to "I'r low morst. b Mud= to this asia. PrGfreeill galls ad rapidly aa was ••• ..0 o f le the dbilrewas rale. out • , •.w ores d yak obi& YI bamil rto •• • - •uutuality ; sod die SO UM Nervous awry,, er r the put railway spraablin st pot • no, 44 to Wan fidIiIIIOII4ININS /MIN , •dmi, leaded. Is sane dips% sousiimemat • .••• whirs resshed MIR SKIM all tie tircusslasses bine sosilased, awl him owe toprealesdas le IMMO dim *L. prgro4l.4 'WNW Tie Mr of Woo- Ws sore " irgeoralls. awl gmerst : § the wt. Eara" Nat "4atl taro. aid WPM MISSONION ttstvi me erw to aid Noe ammelmlia ef ' • .-•ty. rbe Moe antaiiss Is we Mepemil. '• • orisiraly. b. Wry 01111111111111 MS. My Wm teat dims la their illoomd% sod on ••••• •W— rbsterrbed by Ira arthea rod re. orth* seer lidrn R Wu dere( re tint. '• ber beer ea • rm. err. • • r fru., he mina Is err' Ur nay Mee el EMObi ash lone. 1 ' .. ". 4 .12.111. hip MO Iwo lode 6 •. • t4iwurimapob rif dr IProois tba= , Operellere brree set bre very. bit ropplies beer row •' 4141 4 Ira le Wryer , • rederele ausl a C4 Ward esaresiery seedind re Or Awarire 'MA pre re Plum. ilea hie herd arred .1 ef woe besseme, len& big dab' Won met oft wet body linrerd dories ibe wet? ser La . WI MO WI rift "dg.. lat dal ham era • PAW Ismer keribus W eariptuty Yr w OM. led herlderlereddleir Wm* THE EXPRF.BB, SATURDAY EVENING, AUGUST 17, 1860. anxiety to the opening ef ou t i et dm the MIMS; the And purchase the pries tithe whole crop ; cud's is reessammsded, of sures, be with a ship or ship/ nearly Riled* the elesitelie• to pet on board a chop or two of .rid Amgen tom if they Bost a long price) is not easily resisted. It is again reported that the tea trade with foreigners is to be limited to a few privileged firms, end that an additional export duty is to be levied. We scarcely think this 141 be done openly and avowedly i the Chime system was specially disallowed by the treaty *Mackin, and 830 will not dare to ietregince it again. At the same time it is like enough that sone being akin to it will be attempted, under the pretext of shocking smuggling. that the threnmetamens atoll *IAN "1r •thlthithind itsre striking, std swap to make sue prefakither leak sapodilla bet If popillees had sundard into Oki sitter, they Wald have boa that the state of dth law was gabs ear & chat, is the brodi um, kr the ;ate ell efillsa the force of pub& ale , the pram es goaded m 1111, hlth mord Ma softer, that the question MEM! Prhhhft sae* is room. oen ef asp Intriethrthaine Imes mil this singular. Them We have led this bill epos lillaFihrium. La 1648 a Romp was istrednesd lath Om alf Lade; it was afterwards bringht foto the Maw Oneamesso, sal was there thrown uut en the sewed meant. Anita, In 1640, a mossure 111111•aseed late the Them Of LP* and selbsequenelp lalthslth IP* tte Henn of Osunnesa See theft meammes wars, se yes all know, meth tishelleat isess gdslt tad could never , I be lieve, by auy beams law. Is reilearaell Is the esorM M ali tla i st of US, when the railway delegates bed int fathrthew with Lad John Buesell, hie lordship met Now Imp fairly, nylon, in egos, s, I do not want to legislate spa this question if you will talus it up, sad do what is requile iz iltroperly." What was the result t Dele gates woes led by th e stillness esespsoisa else gates when ambsesi In *le sem essendith with the elbows. Ilesnaly hod ppltheasst momsbied, whoa sa member who) haw whet woo ping oar—l do set hour whether it not he was • delegate—bat be ems a , gun nada in the House of Commas whisk asst ww lits pernranint In innedsee a bill in the Henne of Lords. Very ass ether yes lotto !aced in the Hew of Lords year own " proprietor's bill," se it wee called. la sandwilstleetion to the other. No as who beard Lunt illeitley elell oar ferret the able st tannest whisk he made en QM siandea, end hew clearly he set fetch the merles if the Issallea Bat, gentlemen, England has always bun Maud as, and even elselpsted, the country of Gomm. missal and en that oemsdo• the audit question was made one of aesprombo. (Hear, hear.) Both these bills were net before • theasaintse ; they were separately related in soamittes; ~ and in list of then, their lordships roamed the most extraordinary oesapeasd of legislation. I sappose, that ever reseeded from either house of parliament. Is was IA attestett to eambise the two measures, and matained the bad parts of teeth. There were may bad parts in both, though mere in one than in the other, hat whatever was bed in tabu was made part of this new bill, sad when it ease down to the House of Commons Mr. Lebou them, with the esabrer which has always characterised hie, said It was impossible to proceed with it. (Hear, bear.) Now, gentlemen, we have had six bills before parliament retain, to this gaieties, and I really want to know whether, with the legal powers which are already vested in you, it is essentially nthat this illation should be agitated say longer. ( Hear.) Boutenther. gentlemen, I do not, and I sever will advise you to lay down the machinery for carrying oat the object ifasseessare; so that if either the gourmand or say private member of parliament should give nodes of an audit bill, you may be prepared with yours. It would be perfectly preposterous for you to lay down your ante and to let the government carry their own measure. (Btu, hear.) But I do hope that proprietors In livery garter have now got their secotusts into a proper shape sal upon a proper foot fag, and that they will not think It UMW eery to agitate this question any further; because they may rest assured that their siltation would be made as Kettle by the lanrament at some future time either for introducing a meows of their own or for engrafting one on the meteors of the proprietary, for the purpose of getting the managemeat of oar property into their own bands, as they have heretofore attempted to do. Ido not, I repeat, advise you to dissolve. Keep in existence and be prepared to act, but do cot recom mence the agitation of this question yourselves. (Hear, hear.) The other point to which I have to refer Is, in my opinion, one of infinitely greater importsnee thin any audit bill or any question connected with audit; and It is one to which I alluded when we het assembled is this Mts. I allude to the position is which this company is placed by set of perlisment and to the necessity which th ere is for ear looking Into the future working constitution of the board ad directors as it mast be constituted under the amalgamation ' act after the Ist of January. 1861. When I alluded to that p question before, I stated that my colleagues agreed with as , that it was highly desirable that on a question of this kind the proprietors and the executive body should set in anima. I believe that - _ enamon lutes.' The dirseton . we have one common interest. are twaseg the largest of your proprieties ; they perseen tbe advantage of having had a good deal of pendminsperittnee, obtained in working the line; and I clan asteennelve anything more desirable than that the proprieton end directors together should devise such a plan as will en we unity of action, and, at the same time, that security for ell legal wants which, in an arrangement of that tort, mast ewer be forgotten. There can be nothine more desirable than the attainment of a eoncentrated reeponsibility, which will enable us to bring the company into even a more inn faatory ptaition than that which it this day occupies. I will not SC oxapy your attention any further. There are a great many atiltr points to which I might allude in connexion with the neaten ; bat as the report itself enters into them very fully, I will not anticipate the entente of that document by dwell ing upon them. After the ropsrt shall have been teal, I shall be happy to hear any proprietor who may wish to ad dress the met deg. The SECRETARY then read the report : se After the depression which has affected the revenue of the oniony in the passenger department for several hell' yearn, It is gratifying to the directors to be enabled on the present elleasioa to refer the proprietors to an increase of receipts k this important branch of their !melees,. It has not yet ',Valetd its former activity, but has exhibited csnaiderable improvement, and although a large psrtion of the increase is doe to the opening et the line between Leeds and Man chester, it is satisfactory to add that generally there is every appearance of revival. The merchandise department, is all its branches, again shows a great increase over the corresponding period of 1849. " Toe accounts which have been circulated give the follow ing results: 1850. 1849. Increase. Paureerra, panel% mail.. &e— £874,2:0 1617,017 126,303 Ilerchandloe, Including messed settle £1,110,179 £1,032,038 C 77,211 Wit.Mee eullimed VW. •••••04•Ild• 1 .41.01•111•11•11C4 bees , bet et *NW WOW aMr eestesei Yr We et Itilt. fteeviry f ir lob imi rist. mg prises Ise Weber. OW senlethie. WI. is awn. la WM, Aim hp et 11 Is if Mt left manna. eise and prices twee. • . , . Zs mime artistes at export ve hoe die itilowler trewitims Is ! nosed. Orsatry /Mos, NI ado. at lo par ad.; ohms., *We. Ist LS pse ball; OW. bash WM. at le es WS pet he; 0.41, 1000, at &Mew Wm; Net *hew WY Ws. et lAA pee theihe 1 nINMOR le. 10_1•11•1 4 4;tpar saLifleta Item 1641 a*. it IA pet 4b. Ind. ; Tsai iklol. May at 71.3 i Buss ado% AO bar. * Sa. 1t5.114 pat b. fa th• Import adios d ovrimbois we have MOW • awe tayseM = ss a ss eseite lase the bridal. Wintry _ %Wm tit Mee mi. es NM& mmeheteepipsede.tosees to , Washed Wel as le .te eilihit• it sea 'West laaldwilaWe. The weissets bests to Mee lethe awl v• • wee i Weal Wino wire k le the ilfe wi Mich geeetally tlis t tar tem& Dshih pbeWM la the i Ow the Awake suemettem. We usall et 1141 b May Ws awe le WM. Misr • et SS Wee. We exanevehl WWI ere Mr disetwOm sod sbv Ihist the Weawant engrain et Ha seieski wilist Ws Wm arrests& takes la ewe em aWA impievaL Ths hawse et these Wirt 1•111 bo (Mk be Mt Is lesharkts WM, low Ifea peen NAE•lll%—t7silr this heett ste istne is WIN therms. *mate of a Sills Itehtwe iim irr oui lmss Wet ep ha yew et Wrest is the Waft. _ Mew the eammeteleswenate Ms is. bawler. 40/1/1,113* thileeMilwel OW left& ei. war anti tik• facasignidu Wm beig sembe Ititie sue Itmesmeribee wet. llie• mind bulpirs. We so MOM, bet e etleusil Me • mew. Thsei has bee t s a switterima dendwd. dem d**lrdtlesit s und .• Ihere is at eiment.mA Is lies tis aim thee me bet L t eked eetilit at etesist. mkt losedirre bees Asia*. de ems lewdly SW it sap rise et Ihrasities quotation see Mow sow. wt. !Ws ere • blsielsileft. d[i ltussion.-1010 et exeleme an England beve iresimily bees sod are we have le Wear of Treserstioes We Mee se WI la enemies, as stalk s Sales at the ht Wye Wu ellsewl at de weed WM. Mkt. pee rams. DOe•Mer• bils Wye Mg ealth II $s M el pee nem a bids Ms WIR A ISd at :1 1 :: No. op. t oe = Wit W pnswt i z are we . ), .Ir, ear es quiet • marital. MADBAS, lux 8.--COMIIII 07 i51C44404.-11111e es bean& at 4 seat he deft, 1-111; at 3 matt/ debt, at t math% *ht. 1.11 1 . Beak of l.ts4 pee&Clie end Ntaerttias peeermitet bills, 14 Overt et Meteor" tit am the of limp& 40 days' 404 It pet one. dle.; 011 3 43 0 3 . 44 3 , do. sod Benhey, bey pat mat 4114, = Pax. or *a tie 104 ash; Bask of Ogler' mete% se ll art i pt = am. BANK NAUILAL IA? OP Oa depute of proarrii;e7a pow — ----- per crud. OE do. al seppor, kr% opeltre, Isid. Ires.stsel, pal a $ Os do. of indigo a n ll9 90 Oa dw of fedl!!‘ dad mak lipid.... 9 n n Os do. of wornness, mottos end other goade In mei andel newesats • deport of government papers • " „ ..._-.. Os povoromort orooplosore 7 per seat. Os wirer, bills. at or witidalo daps Ds. alms al dm omirxiii DON/i. . 111T111ZOT ALLOOTS ON CTNATAIT DINOIT ACCOUNTS. ••• • - - - . Cho I—Sslpse samidoset amt: ~ 2—Nois*ow ' desks. Ire pest. 4 ~ Withdrawal to or saw ampnaeZa of& Beaks Pnwalwer Data. At Ulm iworaal'a mama 4 per cast. De. Owe T. bark dews es the roils tatoltei Leaden at tae d. eight, W at trey IMO te sla meoehe• deo. Mad oaths Itetbaral beak of asetbad end bremebro sad the Pro. TWAY Beak et Inked and breaches et COP dare alala only. The beak oadertatas to resit swan to Europe az toostitarlos by e Ovortert Mail et the torrent rite tt mileage without them tar scamusin. tbhaat Illiiirtakee the punkase or me of sweetmeat or ether Indio esembies, st a charged per cent OM the pr—. ipal amount. Wen limism.—The mem market bar become more easy. The kai et Nam ba• declared a Midead of 7 per anat. per annum for llof Itollifoor MOT' 3ntll lase last. Fa gore:omM seetrities the umbel lie sightly &elm& Plassoms.—We esesinue our pervious quote tons of triYys but as seemsge Y aboadost, s decline m the rota. m be IMW he. To leseslea—iters. mgr. esipmee, sad ands. 34 75. bd. to U. I= of Se ton sot; se m% M. Its. pee too of SO table feet; St. IA 1431. li CEYLON. (Frost the Oarland 05atmr.) COLOMBO, JCLy 11.—In both the planting and the commercial weald then is sow a eampasativo The oid Wise mop is all gathered mad wary all shipped ; while of the sew atlas has se pt riposted, if we lacer a small nasa lity is Ladsesaava. We applied the mast Illemasad aof staple capons and impacts at the port of Colombo. Allow ing kw ever-totrise, Oat :oddio4 lee Um shi?tawits at °elle, the total export et cafes ippon to be not hie than 340,000 awls. The lesdlnc event of the month has b:rn a vlitical monstralon ea the part of tb• turgbare, torah's,' HI stales ezprewioas of loyalty to Emplanes Queen and attachment to the British rule, and equally strenuous usertione of their dimatiefaction with many of the acts Mae local government —especially of its head. Bad as matters keystone on under L,rd Torrington's rule,, we vesture to assert tbut not half a &rot people in Cer.on would bear without dismay • eonfinastPn of the rumour speaslated on by our Indian mitemporarlee, to the effect that the island is to be handed over to tn• Lost ladle Cfmpany. W. trust no such doom is io store for us. We are now I merely impeded in cur onward vial's:. ; swamped in the e.utpany's .rer•`rown dominionekwe shou.d be thrust back a century at Weal. INDIAN ARCHIPELAGO. The OeerAznd Singapore Free Press, of Joly 1, says: Knothicg of importunes hss oc:orred in Singapore during the put month, affording matter for remark, with the except:on of some atrocious murders perpetrated on petterral and unarmed &hermits and boatmen, in the Siren -10311 river and near the Red-stiffs, by Meiays, who appear to htve bean led to commit these mimes principally fee the sake of the small quantities of ries and other az tiefee in the possession of the parties attacked. It la not thought probable that the mural will he ills. cowered, as the parts of our island where these murders took pi.e . t are left total.y unprotected, sod there is very little known of the burnt' of the bad characters who abound in the Old Straits, and mbar by plunder and violence. We have partioulan of "piratical attacks" made by Chi , new Junks upon naive trading vaseels in the C nine Sea, near the entrance of the straits of Singapore. In bath cases the "pirates' were ussneceeefut. The Hanourabl3 Company's steamer Nemesis eruized few some days in the Coins Sea in marsh of junks, bat did not fall in with any. Ktporte era rife that the Siamese Cr. in • state of much slum en account of tee approaching visit of Sir James Brocke, and that means are being taken t 3 prevent the ap proach of any veggie to Bangkok. H. M. S. Hastings, Captain Austin, arrived here on the 30th ult., having left Hong li rag on the 20th May last. From Java we have: very little news this month. The disturbances in Bintam seem to be nearly suppressed, and them are no accounts from the refractory district in Sunatra with the imoeption of a small expedition sgaiast a petty chief in one of the islands off that coast. . . _ The Dutch authorities at Sambas, it is reported, have little bees under the necessity of taking proceedings meant the Chinese settlers on that part of Borneo, in consequent.: of their refusing to surrender a sampan puk it, which was introducing opium into the Chinese eistricte, in viola- tion of the opium monopoly enjoyed by the Sultan of Samba.. The pukat had proceeded to &okaying, which is the principsl point of communication with the Chilies* districts, and the demand for her delivery made by the Sam bas authorities havieg been disregarded, en expedition, con tenting of two steamers, a schooner of war, and a number of gun-boats, with a force of about 1,000 men, chiefly Malays, was sent from Sambas to lienkiwung in the beginning of June. An attack had been made urn the Chinese, end it was reported that two or three Dutch officers had been killed or wounded, but according to last aeconnte the affair was still undecided. The Chinese are said to possess iteanderable stores of arms and ammunition, but whether they will be able to hold out for any length of time seems doubtful, although the nature of the country, completely impassable except by narrow footpaths, would make operatiose by regular troop very difficult, in tie event of the scene of contest being transferred from the coast to the interior. The Dutch steamer brings no news on the subject. CHINA. The Orerktrad Friend of China, in its monthly sum mary, says the weather has been seuonable ; an abundance of sunshine and rain, • hot steamy at mosphere, and violent thunder storms with heavy squalls, have ogee more introduced a tropical rummer. There is a considerable degree of sickness in the garrison; during the past week or ten days Karel of the soldiers have died, and upwards of 100 of the 88th have bees la the hospital at one time.l The prevailing disease is fever, in most cease net of a I I violent type, but latterly, we regret to hear, that it much resembles the levee aped years,and has carried off several of its victims in a short time. Civilians are tolerably healthy ; the deaths which have occurred among them are old mass, invalids with impaired constitutions. This month closes another commercial year. May it prove profitable to those engaged in the trade of China! The losses in the as area 1844 have been heavy ; but, while the great arm in India have been prostrated one after another, the China firms—with one szeoptien—have borne the shock firmly. The taw seeps of tea and silk promise well ; and, with me/ma lappets, we indulge:the hope that fee a term of years trade will reward the industry of those m ow/ in it. But this depends in a great degree upon OS moderation of shippers at home; it is now ewer , tamed that China can not take an unlimited qusatity of British manufactures. F ro m Shanghai the reports of the grain orop are favorable; the wheat bad been ant and housed; doe leeks well, and there is no dread of another year of smoky. The governor is still at Shanghai ;be waits ea gnawer to &letter from her Majority to the emperor, whisk was lawarekd by the Reynard sloop-of-war ; the Reynad has saziliary steam power, bat on the east of China a regular steam-sloop is a much mere serviceable venial. From Canton there to no news of imprtaseed ITends is dal; merchants look forward wft Pale I COMMERCIAL 'trump:isms. .4 hi; Tunes Ins bus inn Is steno haw Or past wag • tM asks of raw footles sal dilkisas Mee bone lure. Mk prises dhow a idles► wali tie sassakin of saw lawabsy 0141114 iskeli at SA roam weansse base AO* twined, mail • baker bealaws Y paissly Wald for us t e t =beef tbe ars w grebes es sent bat Mae produce is la kw way wf Webs; wbils tM sear a c ' slaws. serail So the suallard kited mime% is wry Okale•--Absat MN bales be,, Mw sold at Ile leflowiteg gun tin 7.2 w. Y; • so 11.4 lisle ; Übsna,l.s i t:gersiw lknin to Is asked. The sleek as band ettlel2lo Dasksi, sod as, ; ails Makes; tSla=r-ft al: Thera.. Inn Dena upwards of %OM alwast. ma airless are mow 7 kik ISc. to 7 ash. IG :NNW seal; sorki. • lola 3s. Is • dab. kw Wm& Wows sallawes dall as Mist ma be swap* talk IhMert bony undo an TM sew crop esaerted to be large and of noel quality, isd aiWw an Ultima ; tke easels berilia road' =bawl is wry -- affearc—Tea : Utile or . vattdai bas bees der be kis* Wee 11•111 Ger be; ths aniTAI el the sew seem% eaves hes denied attendee ; eowoute et lie weeeses have .reedyrrlswl, sod =St te Nikon we down Is bslk. The snubs bulky le reported to be quil Mlire th• pevlses seam. sod • very MIR ie erptelett. iluswidm advises Ina IAriANK with the Met al es- Wreak Wewe the kwelin IllfftilSolll to set make, awl op le se preeni sesest as Mime hes tea eawle ea their beets weseis speak. the learbet: the tea ma see blessaieg sway ael ye rowing tee seutswheset. whisk veld eke*? Is allotad avers& aels barer the new ot int year. Oren 01111•11kle is• the warket is very We, me ebb prises ilessatlett tor reds as tweets orwedeeerstisee. The qoastib, et RVIf is lee le swell, prim paid Wet yew sat Wee tewereethe be thela le emir, vets to.. there haft bees so laimetiers. the Balled rewiewe et week ►beteg all is Wm handset me Misr. elm Mum le Amp aim Ista. A bop Wi wi vie dm AMA/ OA sob pre el Os am& Is Weeembewses owl guipeenleve 'tames mod Wimple mita; bet the APS Awl odds. lava pboabsi halm agendum. wlllll lathe h. OPUS at AIM aulonstos wpm% will peke* kb very Imbed for rue OM ft um. . _ Theng s ig kia-SO bet aepired, exhibit an karma of Ws t, ergo twirler Ist yew ; ester bereft erfteed to oullea. glom% let Mel gloom of thg deseeiptiondbes not emir onn'ennsemoien Geer Dinar Osilbse brio of Lock tea the nous is very (riling; og greens tree le elMe ddeleaey. Tneseurn—Heibmd, tram ph le ft., Si. lea, hammy;V. dobt.; Inks, No nosaleal el Away, 66,111104. mII ; very Luis oaring. Eastdela COM. Assoy, per 4011., 4 rth SHANGHAI. John 10.—Ihrozos.--Siaos last monthly report theologise has Wendell, oartle clutage pekes. so. will there be say relied ropeorment ins and silk of the new orop ate reightlerward. The wheat harvui In over ; the crop abuu dant, agi re tamers have twee Wombs In neither which enablet Mat test= It. The growing et doe sad errs look well, and a ploollki anon is an nog the large Wachs at ma autsettind pub b hest hands net the dhponnt• known to be at the way. we go Sr entlineis any ondlobble dowse in prime though the honinellus Y baba' or Is Fr for the Arnhem of pinnate wallas doubt he Wm. Carron Owora.--Of grey obletrus shout 40.000 piers were steel, at sessiy re Mirror rates: W HOA, Wen, Me. bk.; 9 lbs. 10 oz., 2 da.. Us._ Ority.—Two cusels Iron Bosky and four from Hong-Koss base added to the ask SAS essls el Illebra and $2O of Patna sines the l lames skith al Mgt Os k me mln kat km were shout 410 chests of the i M tis keit. ksisrs.—Neil k hark sednisted at 4,700 chests; the bievisst Mkt In Ibis whet 4 kno yews. Tacky (the 10k) this. an amok* eapuee ellieleg See lissiSal denim se 3111, Ire& Pat asa—ksk k tek 300 drib. Aleut the middle of litay there en roe dlmsao me s law diem ede it 03 dole. to 300 for she sal Mt Mk, Os 344 kr mew; but this soon subsided, in ecesequesse of the kg is kilns. The mean quotatioss arc otd Patna 473 tisk. sew SOO dais. . Er.roan.—Taa.-Abe etra ant le sot yet in the taunt, none ankles at ewe ehrp et awn hare bean prrfented, Out quantity la am small Os as minim upon. By rent month the market sib ban hota.—Tbe ww ern i; of a goad quality sad pleatilal. It la said that the Cimicil IkaP wan wade frame contrast. at ISO do:a. for the beet nape drains Ito. I sad is equal proportion. The pretest rate ot amino. and the deans ht pricer, will aqd IS per cost. to the rates at mini silk wee shipped rhea the market opened lent year. Mat/OWL—Oa Lend, bills at G month.' eight, under credit.. 4.. :O.; with daemons. n. Bed.; Ban port Mlle. to a anal , rain . . 4e. *id. te le. W. thiladt•-:Beit boacosapair. wevuid Wli base bees sold at 230 moos far WO dollars. RAILWAY MEETINGS. LONDON AND NORTH . WESTERN RAILWAY. The usual half-yearly meeting of proprietors in the above company was held yesterday at toes s'atioe, Ruston square, Ono. Casa OLTX, Eiq., M chairman of the cum pan y, presiding. The CHAIRMAN haviog alluded to the depression canoed by the money aids of 1547 (consequent upon the railway mania" of that year), and the for rapid appropriation of capital to railway expenditure, without waiting Nee propor tionable growth of traffic, said the plentiful harvest of this year would, it was hoped, coupled with other means of im provement, briag about • completion of what had already auspiciously CooBlllo4oll,—a constant and fairly increasing tfAILiC. With regard, the chairman weut on to say, to the second canes, we have, sines the last meeting, opened to your traffic several additional undertakings, but we can not as yet eciagratulate you that those nadertakiogs in their present results hays produced an increase in your receipts eorrespondiog to what the increased mileage would base warranted you is expecting, • circumstance arising from the _ - . incresee it .---- -- . . other cause to laid' a have alluded, the too rapid , .... in oln estimating this improvement in the Milo it must not the expenditure of capital in railway undertakings without be forgotten that during the half year jest soncluded the reference to the graduat growth of the traffic of company has been subjected at various points to severe gam the country. We still, as regards our own accounts, petition, and that many of the lines calculated to draw off a have to coagmedate you oa a considerable increase p neon of the traffic long ecj.yed by the London and North in your tr flit (Hear, hear.) And we may further re• 'Western have been is fall operatioa. It might not neithe r gird it as a source of congratulation that the great increase sonably have been expected that with so large an addition to k mileage distance has been obtained without any mate- the receipts, principally in merehaadise, and with an eddi. rid increase in your expenditure. (Rear.) There are one tion of 43 miles to work, the expenses would have been pro se two foots connected with these accuses to which I must portionally increased ; but the continued efforts which have tar a moment call your attention. In the first denomination imam made to Moe, the working expenses have produced Of working espouse for this hall-year, as compared with the the desired result. The gross increase of charge over that of Eirrone, the rate has been as 34 to 36 per cent. ; but it th e corres p on di ng p er i o d of 1849 is only 7,4571.; the Oct ad ir although we are fairly entitled to make that cam- ditional profit for the six months is. therefore, 69,7841. above poison as between the two nalf-yeare, to say that is this th a t o f t h e half y ear en di ng A ttie 30, nth, Th e p e r mu g , mode of stating the working expenses there is a consider of disbursements to receipts is, exclusive of rates and taxes, able fallacy involved. These accounts are made up pretty 33.99 against 35.90 in 1849, and inclusive of these item,, mash in the way in which the Admiralty accounts of the 38.31 against 40.90 in 1849. Every necmary expenditure government were made up under the old system for the has been incurred to maintain the property in the fullest of i• stem-packet service, namely, by merely stating the actual ciency,and the directorskeep this importantpoint prominently working expenses, without including anything for the return to view ; they hope, however, to hi enabled, cthsietently of capital and interest on the sums expended on works and w ith t bi e pr i mar y duty, to reduce still further the charges material. If you will look into these accounts, you for working, although it must be remembered that each suc will perceive that a considerable item in receipts Moil,' retrenchment 1 leas margin for future saving, censa from other companit s for the use of stock. The rate and it is now rather upon enlarged traffic, conducted without of that item appears large in comparison with our own much thanes of expense, than to farther reduction in work expense'. but it most be remembered that the charge to ing charged', that the proprietors must depend for future meg them is the result of bargain, and that in such bargain the mutation of profits. With the view of stimulating the pas outlay of capital sad thereat is taken into consideration. meager traffic the directors have reduced the short farts on There is also a very material question to be borne in miad various parts of the line, and in order to test the capabilities respecting the very low figure at which the working ex- of the branch railways recently opened, and to develop, fl beare put down, as compared with the rating. It must possibl e , the local traffic in the agricultural districts, they be remembered that *CIO figures are pat down as between have by way of experiment made trial in some cases of ex ourselves as proprietors, and not as what we would charge wisely low fares, but it is too soon to make any definite other companies, or what any mercantile man would think statement of the result. it right to put down in a statement of neonate, bemuse " The directors have to report with reference to the path-- neither interest nor replacement of capital is included is suntary bills, of which drafts were laid before the last gene those Nuns. I am maxim to put this in as clear a ral meeting : That the bill promoted by the But and West poiat of view as possible, berthas la various parts India Dock Railway Company has bosoms law, in terms of the country complaints have been made against the rat- substantially the same as then submitted. The bill pro ing, and comparisons have been made between that and the noted by the Shropshire Union Company was brought into working expenses. Therefore it is right th e public should parliament, but, in consequence of the insertion of °hien "mow that these expenses are not fairly stated, as between Mathis claims, it has as been thought advisable to pro tases and the company; when I say that they are as 34 per coed farther with the nuarure The bill promoted by the kat etampared to 36 of former years, and that we ought to Chester and Holyhead Company paned through the House add, cog vs do in the cam of bargains with other companies, of COMIDOWI, but a clause having been introduced is the a WOW sum for inertia and replacement of capital. We ammittee of the House of Lords (similar to one introduced bas ales been charged, sad sore especially the isdividual by the opponents in committee, bat rejected by the House of tithe her now the homer of addressing you, with a certain Commons) at variants* with the letter and spirit of the Mkt desire to keep °pea oar capital account. Now, I beg general sots for the regulation of railways, and unjust in its to tenure you, that if you could take any step to remove application as respects tide company, your directors felt from us the l oad of respeasibility which connects itself with reluctantly called upon to iatimat• to the board of the this question, nothing would gave us greater pleasure than Chester sad H tlyhead Company that it would not be con that the capital account should be closed. (Cheers.) But Onset with their duty to mannered the proprietors of the I fear that your kale cannot immediately be Undoes and North Western Company to enter into any earned out. At the msaffat before last we closed engagement which might subject them to the operation of the capital account se regarded motive power. Having the clause la quotation, and the bill has emequently alluded to various other Magee and details touched arm ia been withdrawn by the Chester and Holyhead board. The the report, the chairmen salli—With respect to the question abandonment of the measure will aeciesserily postpone se ethe 6 per cent. dividend Aim Me just to make one remark rangmeats, desirable in a public point of view, for per before I pass cm to another saltiest it appears to me right, (awing the mat direct and speedy rommankr;tion with gentlemen, that you should know that, whatever may have behind. Your directors regret, but are la ► no way ro bust she difference of opiates is the b oard of direetors on a speneible for, this unfortaaate result. The South Std. lamer 000ssioa with regard to that question, the fordeldre Company have obtained an act, empowering them Ohm of the dividing proposed having been to lease their Use to cortsia private Individuals, and due =by the prepeisgees, there has bees so este has been taken to protect the Interests of this oompsny. non the suyeet k the board on this oeeeslea " The directors have the pleasure to report that their se =M) _I ma/ illl~llll WWI la the iatermaree whisk gotiations with the North Staffordshire Company have re il Ise missy inn re last monies sewage salted la a Vedic arrangement , by which the cloth's of that Mike large pelpintak, whe, though they do not usually company are adjusted on terms mutually eadshictogy, dew* ear liwouressius take oppertenities of ex- Ike Gnat Northern Railway was opened for traffic between Crgtheir k /Mate, have ate, I heard but one, and London and Peterborough oa the 7th inst., and arrangements atmearregratimilessny, with regard to the propriety of have been agreed to, eenestent with the fair Interests of all Ike mem punned. (Cilmere.) In the next halt-year there parties. The hostile proceedings of the Shrewebery and Bir- II ease against revenue an additional meant of interest, minghasa Company are still continued, and for theism object bills =Mt of 80,0001., sad she rent payable to the Stour In whisk they originated, and in which they have been joined • Line ; waking altogether 95,0001. extra to be paid by the ihsenrebury sal Chester Company. Experience and eat el fOTIGIO—II very large ability. I will, however, now the meet deliberate euesideration of the qquestka has cos k ave the associate ; and, lobed, the report eaters into them lamed year direetore in their opinion that they gannet, Nth math ',eater lea,* she. stead, that you might per- semblently with year originallythese proposed to the Shrews 511111ine. There ein We plots to whisk a gnat deal bury and Birmiuskagg ogggpagy, to o f o . go of rates between has been atnesbed mega la this room sad else- an pekes WWI gig gmegsige ofoo gg hare a line o f illisliall anode bet la Ike mueltthexed sworn railway. Thaw Wows, Ina must, have been of loft (Kw, hear.) Glatioshlt you will boar Mem& The Mallen eitabibised with the Midland, gre eat la die steeemet that in this room Laassebke sod Todsahha, lionthemer, Sheffield, and Ida- I hove always sold that if raUway proprietors would but sieluehink mud saw aeongeska, have proved beaelethl to de their duty, the had provided them with the all labweelmi, their eldest being a frieadly jaterektange UMW of Assam and silkiest'', every wooant laid awl Seiko of twig at all Mate where the lines mew, sad that helm then that , thew wall have boss no seed of seek angaguesenle generally ea whilst affording the fullest farther no wawa suilL If the had essisimsdaslea ta the amid% will songs. os a dial. waly obsess is the Moron esorairognes winch they ebbed aspens fa the working of the trellis. The Law seiewhied, to eureka the powers while it had bees lauded maw and Carlisle Balmy esstsialies se realise the =pests. Mat the! shoal awl whisk they aerwelly de peuess, noes eatertalaed by Wilf ditellielle what they adviesd yes met Mr. Iliad there sesta be ssinselty to take an Interest he that laskilkidsgh bat UM= la wedities the agurante if We eseepany down te the that the contrary le the kg as sigenis the nage W ei liTio liture. igneellLn " rair - irat -17.1.-d e, nizi:..inzhic.„:4;.71,71.1...z.„"gd.."11.1,•iii.4-Nifftz: 4010 t: liament to arraagements between the Ciledonien share holders and their leased and goarasteed lines, on the basis of timbal and necestary concessions; should these be =he to a moometal issue (an be humiliate' to all parties interested), some return upon your capital invested in that under taking may be antinpated ; and is the oreastime; it will be obelreed, that interest upon the amount npanded is home by Tessin,. The liars of the BdrAlogliatosMre railway, and of the Rugby mad Elareford, wen opened for train on the lit !Iv. The line from M t e i s i tr i jt to Nuneaton will be comma for traffic on the let September ; end tho East and West India Dock line, in which the co.- pay interested, will shortly be opened from Feochure.h. *Set to Islington. "The auditors having appended to their report a statement of the expenditure on capital amount in the form ordered by the resolution of the proprietors, the directors have only to repeat their belief that the credit balance will, as stated is their previous repast, tuffiee to cover all the works contem plated in the estimate submitted to the proprietors at their last meeting. They think it right, however, to name to the proprietors, that in reference to the construedos of the lines in Yorkshire, for which this company are now responsible, thanere some matters the suMeet of arbitration or legal peewee. The board are advised, both by the local directors sad by their solicitors, that the claims are alto gether outmoded, but for obvious Milani it is intxpedient to enter into particulars. Referring to the stock of carriages and waggons reported to the last meeting as necessary on the opening of lid miles of additional railway, the Board have received from the General Manager a report and esti mate in &still of the stock necessary for the new lines. The met, including shed room for coveting the carriages, will be 93,0001. This sum will suffice to stock the new lines, and your directors are prepared to reconownd that any additional stock that may be required by an increase of traffic shall 13 provided out of revenue, the cost being spread over a limited number of years; thus practically closing the capital account ea respects this moot Important branch of the concern. The diminished amount paid daring the half-year on capital ac count has enabled the directors to reduce considerably the bond debt, and they have availed theme:lves of the state of the money market to renew or replace bonds at the rate of 34 and 3 per cent. There has been paid off or renewed sines the diet Dec. mbcr, 1849, 1,1138,9241., origieally borrowed at 6 per mot., leaving the debt at the present date 388,0221. less the* en the Ist January last. res duties to the effect that, pennant an the 9th and 10th unto= of the sompanyhe set, the whale swot= should be made applieable to a dividend at the rate 066 per cent. Mr. flours seconded the motion, being of opinion that the earnings Memory Wryest ehould be divided among the prhpneton for the thus being. Mr. GARNET said he was 'my 011 this =lesion todifler from the view taken by the directors at the last meeting. Whoa it was proposed to declare a dividend of 5 i per cent., they had only the product of the worst hell yur, and he thought it questionable whether • dividend of 64 could be affaMad, and therefore he had supported the 6 percent. Bat what was their position now? They had made an extraordinary half-year, and they were a-tually in a position to pay 64 per cont. The Creston should recollect that the rye xt would be the best half-year, and that next year they would have the grand exposition. (Cheera.) He would not presume to offer an opinion se to wrist benefit might accrue to the compeer from that event, ten he was sure that it would be considerable. He earnest'y hoped, under all the cireuneatasess, that the directors would agree to a dividend of 8 per cent. He would therefore move that the dividend should be at the rate of 6 it cent. Mr. BRIGHT =pressed • wish to withdraw his amend ment. The CHAIRMAN said the motion before the court was that the report be adopted; to which Mr. Bright had moved as an amendment that instead of '• 21 10s." " 21.155." should be inserted. That, therefore, was the question before the court. Mr. BRIGHT said be wished to withdraw his amendment with the view of proppeiog it again in case Mr. Game .t's proposal should be rejected. Mr. ROVES said it was obvious that many who would vote for five and • half per cent., might no; be wining to vote for six. Mr. GARNETT wished the meeting toohserve that if six per cent. were divided there would still be 101,00.:. aimed over. (Hear, hear.) Mr. BAKER trusted that the meeting would no: listen to the advice of the gentleman who hod moved the amend ment, bat follow the advise of the directory, which had always been for their good, and would, he believed, continue to be so. (Cheers.) A desultory discussion then took piece with regard to the withdrawal of Mr. Bright's amendment, which the Chair maa raid he Mosld not =low without the dement of the meeting, es that would be opposed to the proper order of the proceedings. An amendment, the chairman observed, could not be proposed upon an amendment. Therefore Mr. Bright's amendment must be put to the ineetime first Ultimately (Mr. Garnett's amendheut timing beta declared £613,419 16 1 to be, at that stage of the proceedinas, irregular), Less, further allowance fur renewalarths OM& 2 6 The CHAIRMAN put the question that the amendment —,_---- (Mr. Bright ' s) be withdrawn. After the snow of bands had Showing a disposable balance of , "*. „ hion le 7 been taken, the hoe. gentleman said the aumbere appeared "In pursuance of the policy adopted by the proprietors at to be so nearly batman that the secretary said he camel not the last general meeting, the directors recommend a dividend determine on which side lay the majority. of 21. 10s. par cent. for the six moaths, amounting to Mr. LOCKE thought It desirable that under such circatn -460,7601. 144.5,., leaving a balance of 144,7211. Is. 2d. to be stances there should be some compromise. earned to the next half year's amount. The CHAIRMAN was of opinion that the mover and The CHAIRMAN then moved, in the usual form, the the seconder should persist in pressing the amendment. adoption of the report. Mr. MOTES said if that were done they might lose the MI. C. LAWRENCE, deputy chairman, seconded the mot= of all those gentlemen who were for h per nat. anon. (Hear, hear ) Several questions having been asked and satisfactorily an- A PROPRIETOR said that though probably not many wend, would vote for 6 per cent., there was a very crong feelieg Mr. SANDYS wished to know whether the 90,0001, the out of doors in favour of a small increase of dividend. He increased demand upon the ue, would be a charge certainly thought that the curling over of a balance of upon the whole of the ensuing year, or upon the next belt 100,0004 would be sufficient. One Rfllll7lelll in favour of year. 54 per cent was, that that amount :nigh: he c.d.:inured, The CHAIRMAN replied that provided they opined the wh hey could not feel so sanguine that they would per lines which were in course of construction the amount brought eminently obtain six. against the next half year would be 80,0031. Ile did not Mr. BRIGHT said, that perce i s ,ng that there wag • mean to say that all those lints would be open ; b u t b e wits general feeling in favour of 54 per cent., he would press his anxious that the proprietors should have before them the amendment. ((lastes.) feet that in due time all the interest chargeable then against Mr. M. PHILLIPS was as anxious as any one could be capital would be charged against revenue. They would find to obtain the Ingest poesible dividend Ter those whom he in the accounts • very considerable increase in the debenture represented, but he did not think he should be discharging interest chargeable whist revenue. There would be • his duty as a trustee if he urged the directors to divide more further increasse next hash year, and if all the lines hod been then they felt ought to be divided, having reference to the brought into play the increase would then amount to about general interests of the proprietors. (Ohms.) He could 80,0001. not agree with the proprietor who thought it the duty of • Mr. MOON thought that with reference to the 80,0001. trustee to obtain every farthing of dividend that he poe.tery it was desirable that the shareholders should understand the could. (Hear, hear.) It was his duty to urge the &rectors way In which the: extra amount of charge to make only such &dividend as would be site. (Hear.) would arise. It appeared to him that there When he looked at the competition wh:ch the eom were not meteriale in the accounts for arriving at a correct piny wee about to sustain them the opening of jadement on the point. There were five items in respect of the Great Northern line—n crapetitsim toe cents. which the charge modest the revenue of that company quences of which he did not b,leve icy individnal in would be increased. The first was contained is the that room could estlmath—(hear, hear)—he thought that seemed division of the published accounts—the division even the directors could have only • vague idea of their headed " g 1 statement of capital account." In that extent—be must say that the proprietors bad aseembied general statement, at the latter part of it, were two items, one under peculiar ant unprecedented circumstances, and, as a 1,900,5271. the other 1,221,4h81., the two together making trustee, he felt that he should not be discharging If, duty to about 3,250,0001. ; the interest on which had to come ulti- those whom he represented if he urged the declaration of a manly out of revenue, and the charge in respect of which dividend beyond what could be :soli and honerly raid. at four per cent. interest would be ICO,COOI. per annum. Should such • course be pursued, he felt confident there That was the first of the five items as charged against would be a great fell in the price of their stole. He agreed . The seeded item was the interest on the additional with Mr. Garnett that their prospects, as regarded the capital remaining to be expended for new worke, which he amount of their income, were imp ...eh g ; and he t , rped that mikuisted would amount to 20.000!, nuking in the two next year there woulu be a considerable return arising feout items a charge anoinst revecne of 150,0001. Tae next item the Exhibition. (Hear, hear.) was the guaranteeof four per cont. on the share ripital of the Mr. HARDMAN EItLE, one of :i.e directors, Paid that Backinghameirre railway company, which amounted to he was in favour of a dividend of 5S per cent. (Haar, hear.) 32,0001., raring the chugs against teV.31113 to 182,0001. He admitted thee insuring a dividetcl of 5 percent. then The fourth item was a charge of 20,0001. on =mot ot the stock would beer a Crafter price ttan i• it daunted. (Hear, guarantee et twodhirds of their dividend to the orming• hear.) But he thought this so' a hoestioa of justim. ham, Wolverhampton, and Sour Valley Re leery. At the (Hear, bear.) Ii there was any loss snising from the com end of 1852 the metal rained by quarterly shares would coma pee iticn of the Oxford and Birmingham, sed Great Northern in for the full dividend of live per cent., supposing it to be Railways, to this company, he considered that that loss should maintained at that figure, which would ogee a further charge be borne by the proprietors of that day. At the end of against revenue. On the whole, he estimated that the charge 18,52 the quarter shares would also be entitled to full divi against revenue on account of these five items woulul amount dead. lin opinion was, that they could maintain a z Mart.' to 240,0001. lie had entered into these detail., as it wee of 5 per cent. without reserving so large • surplus. (Hen, desirable that government should understand the grounds hear.) lie haul no fear of either the G: _et Western or the on which this dividend of five per cent. was recommended Great Northern, and he would hold up his Juni for the larger nth* face of s o large a surplus, and one which was likely to dividend. (Hear, hear.) increase. But, in order to diminish the apprehenainn of The CHAIRMAN said that his hon. colleague, with that gentlemen, respecting this large amount of 210,0031., he frankness and candour which alw a y s characteriseri him, had Eto observe that there was the increased revenue stated his opinion to the co ur t o f p ro p r i etors . B ut w i t h derivable from the new lines. He understood that the regard to his obaervatinn respecting the 'muter shares, he increued traffic tor the last week was 1,3001. might say that the number or th e h o ld en o f quartosshares, The CHAIRMAN said that he had better confine himself who were not holders of s t oc k a l so , we , so sma ll t h at i t cut to giving an answer to the question put to him by the hon. the argument from under the feet of the hmourable get de de- proprietor—viz., waether the 80,0301. included the less of man. In addition to which, th e h o ld ers o f quarter : h ates a certain line. He Waged to say it did include i:. lie would not be entitled to full dividend till the e rip:wind of would only n mark with regard to the observations of the two years, and he anticipated th a t a t t he ex piration of two bon. gentleman, :hat tb:ugh there was a very heavy charge years they would be a bl e t o d e t erm i ne w h at t h e permanent on one side, it was very true, as had been stated by the hon. dividend would be. because the caus-s of disturbance wculd proprietor, that credit was to be taken for the receipts on by that time be ascertained, or would have disappeared. He these lines; aid hoc. gentlemen shoold not run away with was anxious to say a few words upon the question raised by the idea that they were of an inconsiderable amount. Mr. Bright, respecting the legality of carrying over thus Mr. R. MOON said that be had at lost meeting called the balance, because, if it was an illegal act, the course which attention of the directors to the low which had been caused the court of directors, or more prop er ly th a t meet i ng , s h ou ld by the receipt of light soli. He was glad to perceive since take was clear enough ; th e y cou ld d o to ot h erw i se t h an then that • saving had been effected in that item to the divide the surplus. The hon. prop r i e t or h a d ma d e cue o f t h e same argument on the last occasion ; and although he did amount of 4031 a year. (Hear, hear.) There was an item not coincide in the view taken by th e h on . p ro p r i etor , y et be of nearly 22,0.01. a year for =eats' commission, =menses of collection, and guarantee of debts, which be thomtht very ielt that the greatest respect wet due to his opinion, ana tee question being one in which h e w ou ld no t presume he di s p ut e large. Ile was aware that the collectors called regularly for the accounts once a morn!). so that there could Le very little with him, he had since that peri o d caused the °plaint of lose on account of bad debts. Then there was • new i•em eminent counsel to be taken, and that opi u i-• n was to t h e effect that the act of p a rli amen t Le t t it not to the of 6011. paid to the Guarantee Society, which he should court of directors, but to the proprietary,wdetermine with like to h .va explained. The next point to which ho begged respect to the amount of dividend p ro p ose d—th a t t h e y h a d to call the attention of the directors, was the importance the legal right to den ramie whether the ehvideed shout.: oat and convenience of having a room in some one loolity, 5 per cent. or 1 per cent., whether thew w o uld k ee p an y either in London, Birmiughem, or Liverpool, where one surplus or otherwise. He begged to c au ti o n th em t h at if article of every description of store used in every we of the they sanctioned the increased di v id en d p ro p ose d b y company's lines should be kept, so that when the directors wanted any particular article, those who wished to contract Mr. Bright, the day might co m e w h en b e , for it, might not labour under the disadvantage of being if he should continue to have the honour of holding 1111 ignorant of the particular kind 0/ erne!e used by the co= present position, should be obliged to propose a dividend of patsy, and might know where it wee to be seen. (Hear, 44 per cent , and he coiled upon them on this °condom to hear.) relieve him from the odium and pain of being poseibly cam. Mr. WILLIAMS said that the proprietor who had just pelted to take such a course by a d o pti ng th e p eopos i t i .n o f the directors—a proposition which w a s men:den t not :cue at down (unveiled him in bringing the questian of light gold under the censideration of the meeting—of which he with their ultimate interests, but, as he believed, with their claimed to be the originator. (" Hear, bear," and laughter.) present interests also. (Cheers ) lie was glad to see that some saving had been effected, but Mr. BRIGHT said that he was glad the Op:: ion had been there was still a lesion the last half-year of 7001. on account taken, and it appeared sati s f a ct or y. of light gold He knew some instances in which the Bank The amendment of Mr. Bright for a dividend of 5i ner of Englond pail back the light gold which they received. cent. was then put, and on a show of hands i: anpenred that lie should therefore move that no bank be allowed to have there were 68 for and 90 against the amendment. The en account with the London and North Western Hellen) result was received with loud cheers. Company, which did not receive the money as the company Mr. GARNETT, then moved ant Mr. ENTWISTLE received it. (" H. ar, hear," and laughter.) seconded an amendment her a dividend or 0 per cent. The CHAIRMAN said that a considerable reduction had A show of hands was taken. There were 50 for and 113 already taken place in the amount of light gold taken, and against the amendment. proper scales and weights had been procured immediately A PROPRIETOR said that before the report was 'dented after the last meeting, for the purpose of weighing the gold he wished to read a portion of the speech dclieered bit= se it was received. But be could not disguise from the pro- h 0 strusen. MU 12 months ago, in which he proposed a dive prietors present the fact that it had been the cause of offence dend of 3!. 10.. with a surplus of only 13,0001., whereas to the public, and great and gnomes complaints had reached now he proposed a dividend of only 21. 10s. with • surplus of the directors in consequence of the delay which had been 144,0001. Such cordluct was d • eful. occasioned in giving the tickets. But the directors would do their best in the matter. (Hear, hear.) He would not, The CHAIRMAN said he ,nras really at a loas to under however, promise that, se a blinker, be would take stand upon what grounds or what right the hon. proprietor the lht gold. (Laughter.) Otherwise he wu s h.. ‘ ig bad to apply such Wirings to him. (Cheers.) In that ig he should be obliged to pay it away aga i n. room their meetings had, up to that tune, bon cheracteneed (Laughter.) With regard to having a room for the ley decorum—(hear, hear)—and if it had been violated on different articles used on tto line, there wee great force in the present occasion he was sure it did not arm from any what the bon. proprietor said. (Hear, hear.) Now, with thing which ho hid said. (Chars.) If the hon. preprie tor wished to know why he advised that course at a regard to the question of guarantee, ard the item on account of the commission to agents, and expenses of collection, it the. time he referred to, sod why he changed his was right that the proprietors should know that a great put °Patios now, he begged to tell hint that tine 0 that was under the head of expenses. 1,500/. of it was was not a question of the maintenance of the permanent way, but • q ion of liabilitits, which were doming against bu a t which did not come wined them at the (m -ealy for the guarantee, and he did not think the proprietors would consider that a very large amount to pay, Gond tering our time. (Rear, hear.) The both proprietor might smile, them new, ... but if he considered the tuts he would find that this was the the multitude of accounts which they had to deal with in case. (Hear.) He was not an advocate for a small di v id en d. esnnexion with the goods train in L•ndon. He hod nn but from it. But he would do his duty. (Chien.) He doubt that if all paid their accounts with the regularity of might be deserving of the language of the boa. proprietor. the hon. proprietor it would be • different thing. He eon very Far for the sake of a temporary popularity, he had advocated Miffed this 1,5001. exceedingly well applied, bat it would be a courts which would ha injurious to the proprietors. wrong if they paid anythiag like 22,000/. a yeas under that particular heed. (Hear.) With regard to the item of SOIL to the guarantee society, it was one which would not (Load sheers.) eecur again, and it arose in this way. They found it diffi. The motion for the adoption of the report was then carried cult to take securities with regard to tha clothe from private amidst loud cheering. psnoes, and they found it better te call en all the clerks to The formal resolution for appropriating &dividend of 24 get cp s secur ity of the ° ge nets, Society,which wasun. per cent, was then put and canted—the dividend - .o be mate &mined as • security ; besides that, they had the additional PlTable on the 26. h instant. moral advantages which the preliminary inquiry into the The usual resolution, for converting the shares into stock obaracter of the clerks of the 0 tee Society afforded. every half-year, wee then put and carried. be put to the expense of the bonds. and the 6011. was, in Banbury and Mr. Thomas De aden auditors of the Coventr y They did not think it right, however, that the clerks should A resolution wee also agreed to appointing Mr. Thomas point of feet, occasioned by a renewal of the old bonds. Ile and Nuneaton hiregligh hoped the proprietors were quite satiefird with that plan. The report of the audit committee having been read, (Cheers.) Mr. BRIGHT (Bristol) said that the report was mist adoption of a resolution which would he necessary previous favourable, and it appeared they had plenty of money, in- to the amalgamation of seat year. He begged to cubic it-. The CHAIRMAN said that he had now to propose the el • large surplus. If the aceonets had been accurately " That es under the . at sossetuting this company the semi =bat surplus la their hands in the shape of • dividend, cheater, and Liverpool will cease Or exist ; a the n ... Um proprietors, he asked why they should not sal committees of directors in• louden, Birmingham, Mas a the rate of 65 per omit. (Hear. hear.) They had declared yearly mating of this company if le expel ' ' l4 - . - a surplus of 144,0001., after every deduction, and having =aeon( shareholders should be now appoi ...,. .., Mu allowed for every contingency, they had nothing to do of taking hit , consideration along with the an bat to divide the surplus. In fat the sot of parliameet had porting to the next meen ng p their oal° , 10 the r 4 made It imperative on the directors to do so. He did not management of the affeirs of the company, sa d ~._ rt n; ,• , . rh .. airmen be mod wish to Waist 011 the strict letter of the law, but if the pro- whether in the event of no • parliaments:l enhiflo ~**F w w provisions of the Audit Bala aid Wont ' ;V: and mem them half way by declaring a dividuld of 6 per l ' hieh of the P" m b y t h e — nr ,„„ k t i = Mat (Mum) no ha. paspriewa essaladea by =Mai a llaalast. la w n lust .• - :.• Pram the statement of tie, half- s accounts it will be seen that the net ars C527,217 1 5 To white must Ir. added tee brims carried forward frism — iiaracconn - . i r I