The Press. — London, England, 1858-05-22 00:00:00

William Goddard, Ego ~ , but, being eligible, oiler hoped, Justify en unabated ,iety, and the best efforts of applied to the extension of interests of the proprietors board, , Manager and Secretary. although I have been a • the present time, I (Hear, hear.) Ity company one year with the _ improvement in our posi - Irs and policy-holders satisfaction. (Hear, what I stated last our income first. I . the end of the year income on the 31st of 17,9001., was 58,6871., ),0001. (Hear, hear.) derived from life policies. • warranted in saying that be found to be—satis _ . the yearly premiums greatly increasing, whilst assu • decreasing. I will now, department. In the year guarantee policies was respect thereof were to in respect of our 3s. 9(1., and claims have revised our scale guarantees, and whilst there there has been a dimi- Gentlemen, I am iso \ed the co•operation of banks, and amongst whioh must prove a ... society. In conducting department caution is un -. of sound judgment s connected with judgment is exercised, the ' profitable business. And - realized more than fifty 1856 and 1857, the claims of which is all gentlemen, having said generally, I wish to than the income— I stated that the into two parta—that and non-discretional. has been a considerable notwithstanding the large in therefore trust that the share hat the directors have exercised conducting the affairs of the the purpose (in fact, if we had withheld the society ; and I may paid up to the time sped keeping back of payments to degree better than it 'y state in conclusion, of other companies satisfactory and profitable only materially add to ways highly beneficial. say in addition that ensuing year will exercise the hitherto done, and I trust current year, that they is consistent with the I I beg to move the : Gentlemen, have second the adoption of the before your attention by with great pleasure, from opportunity while I have been our esteemed secretary _ have examined very report, and 1 must say, one could not possibly of directors. (Hear, seconding the report, and unanimously approved and adopted. and auditor were then unani- _ of thanks to the directors, indefatigable exertions and exercised in the course of the seconded the vote was carried ninth- thanks to Mr. Cleland, The way he has con leer which is deserving cordial thanks. (Hear.) Cleland continues to con the way he has done, tuential board as we have can prevent the society success such as we desire pleasure in seconding putting the motion, bore luable services, and said : justice if we were not to . of our gratitude for the ad manager has exercised in re— (Hear, hear.) It i Willinn no us, naps, directors; and Frederick one of the auditors, retire from office, but, be: themselves for re-election. The foregoing statement will, it is hoped, Jus confidence in the success of the society, and tl Your Directors will continue to be applied to it's business, with a due regard to t he interests and policyh o lders.—l3y order of the board, WILLIAM CLELAND, Manager The prate d i although great deal pressed with business at the I felt it my duty to attend here to-day. (fie comparing the position of the company one fief we can discern a manifest improvem lion, sad I think the shareholders and ought to feel abundant grounds for satist hear.) Now, gentlemen, to refer to who year—and I will take the cue of our i stated that your aggregate income at the e 1856 was 47,900/.; our aggregate income December, 1857, instead of being 47,9001. showing an improvement of nearly 9,000/. I will tarn next to the revenue derived fro In the first place, I am perfectly warrantee the condition of onr life policies will be fon factory. I am happy to say that the ye upon new assurancos are greatly increasin Tames for small amounts are decreasing, gentlemen, refer to the guarantee departure: 1856 the income derived from our guarani 7.2811. Is. 63., and the claims in respec 3,139.1.74. lid. In 1857 the receipts in guarantee department were 7,3721. 35. 9( 3,3191.18e:5d. ( Hear, hear.) We have ri of premiums with reference to guarantees, has been an increase in premiums, there hi nation in our risks of 84,540/. Gentlem happy to state, that we have obtained the several large public institutions, banks, others, the Corporation of London, which satisfactory source of profit to the society, the business of the guarantee department doabtedly necessary, and the exercise of s with reference to all the circumstances i each application ; but when judgment is guarantee business is a safe and profitable indeed this is proved by our having realized per cent. upon it during the years 1856 difference between the receipts and claims clear profit. ( Hear, hear.) Now, gentlen ao much with regard to our income geners turn to that which is more important than namely, the expenditure. Last year [ s directors had divided the expenditure into I which we shall call discretional and n Nov I am happy to say Ciat there has beet diminution of expenditure, notwithstandini crease of business; and I therefore trust holders will see from this that the directors their beat judgment in the conducting the society. (Hear, hear.) It has been the p we should not have been honest men if wt them) to show you the exact state of the aoci add that every farthing has been paid up to fled, and there has been no keeping back make the result appear in any degree actually is. Gentlernen, I will merely stab that we have purchased the business of of during the last year at a very satisfactory rate to the society, which will not only MI oar income, bat is in a variety of ways hi Cheers.) Gentlemen, I have but to say ii the directors during the ensuing year w same watchfulness as they have hitherto (h it will be found, at the end of the current have kept a rigid economy, so far as is con interests of the company. (Cheers.) I b adoption of the report. Mr. W. Hn.r. (Ashton-under-Lyne) : Ge: very great pleasure in rising to second the report which has been brought before yo oar worthy chairman. Ido it with great the fact of having bad an opportunity wb . here of going over the papers which our est has given for your information. 1 have carefully Mr. Cleland's detailed report, at gentlemen, that a more gratifying one cou have been presented by the board of air beer.) Mr. Hill concluded by seconding which, being then put by The CHAIRMAN. was unanimously approi The retiring directors and auditor we mouldy re-elected. Dr. ELmeite proposed a vote of thanks and bore testimony to the indefatigable hotalte of purpose they had exercised in t Pillolc (Cheers.) mr. BECKWITH in a few words, secc of tha n k s, which, having been put, wai measly. The CEssamaw returned thanks. secMrerta. affairs has a vote of thanks i manager, and said : The w duct ed been in a manner wl of gratitude, and merits merita our most cordial t And I can only aay that, if Mr. Cleland co duct the affai rs of this society in the ws under the auspices of such an influential t obt a i ne d I am sure that nothing can prey attaining a future success—a success rut and aim at. (Cheers.Pstsz ) a had great pleasit h a motion ' • an d The c amax , previous to putting tl testimony to W e Shout., be Mr. Cleland's valuable sere orer the et: departing from justice if nirable judgment which our manager has the affairs of the society. (He ' 11111swe.—___ THE PRESS, MAY 22, 1858. impossible that you couhl have a more zealous and efficif nt officer than he is. ( Hear, hear.) Therefore, it is with the greatest pleasure that I put the resolution. Carried unanimously. Mr. CLELAND briefly returned thanks for the expres sion of approbation and confidence shown to him, and declared that his energies would always be devoted to the promotion of the interests of the society, and was convinced that, aided by the shareholders and agents he saw around him, they should be able next year to submit a report even more satisfactory than that pre sented to-day. The meeting was numerously attended by the share holders and agents from various parts of the kingdom. Voneg 'Tarhet anti 6ttg Inttiligentr. FRIDAY EVENING. THE return of the Bank of England for the week ending Wednesday last, the 19th inst., shows the following changes compared with that for the week preceding : Decrease in Circulation - Increase in Public Deposits Decrease in Other Deposits 1;271,483 Increase in Government Securities Decrease in Other Securities Increase in Bullion Increase in Rest Increase in Reserve Bullion in both Departments Circulation, including Bank Poet Bills .. The principal features in this return are favourable. Notwithstanding the demand from the Continent, the stock of gold has been satisfactorily increased, while the reserve of notes has been enlarged. This, however, is mainly owing to the comparative inactivity of trade, a proof of which will also be found in the continuous falling off in the amount of Private Securities. The Government Securities have been increased by the deposit of the re newed Exchequer Bonds under the late arrangement, and the amount of Public Deposits has been swelled accord ingly. The arrival at maturity of a considerable amount of India Bills caused some additional inquiry for money in the early part of the week, and rates, even on the best bills, reached two and a half per cent. This demand was ex ceptional, for it arose mainly out of circumstances con nected with the late severe crisis, and it was associated only to a slight extent with the progressive revival of trade. After provision had been made for these engage ments the Market relapsed into its previous condition, and it is now extremely quiet, not more than two and a quarter per cent. being required upon the best bills. The supplies of capital are very considerable, and there is a great desire to make them available, but the wants of commerce are inadequate to absorb any great amounts at present, while there is a most remarkable indifference to all merely spe culative movements. The Bank has done comparatively little discount busi nese during the week. With regard to the minimum rate, there has temporarily been an impression that it might be necessary to advance it from three to three and a half per cent. in order to check the continental demand for gold. This expectation is now dissipated, large arrivals having been reported from Australia, while the Exchanges both with the United States and the Continent have turned in our favour. The Bullion movements of the week have been of an important character. The arrivals, which have come principally from Australia, have amounted to the enormous sum of 1,164;2861., while the exports, including those to the Continent and about 136,0001. silver for the East, have absorbed only 620,8291. There have therefore been no withdrawals of consequence from the Bank; but, on the contrary, a sum of 285,0001. has been sent there, and further amounts will follow, including some from Russia. The balance upon the market is greater than is likely to be required for the Continent; a portion of it will there fore be purchased by the Bank. Gold may now be ex pected from the United States, and the next packet from South America will add to our supplies. During the week there has been a marked reaction in favour of the Government upon the question of Mr. Card well's hostile motion ; and the effect hes been to produce an advance in the value of public securities. At no time was the resolution very popular with the moneyed classes ; and what popularity it did possess gradually disappeared as the debate proceeded and the policy of confiscation became more clearly understood. The Funds under these circumstances have improved to the extent of nearly a half per cent. since our last ; and Railway Shares have derived some advantage also, but the improvement in this market has only been partial, owing to the state of the traffics and other special causes. Consols, which left off this day week at 971 to I for account, improved in the early part of the week to 971 to f, but the general price was 97} to 1. This morning, how ever, they opened firm at 971 to k ; and closed the same. In Foreign Securities the most remarkable feature has been an advance in Peruvian Bonds, but the market alto gether has been well supported. Railway Shares have also been well supported, though there have been exceptions; but the dealings have been very limited, owing to the state of political affairs and the quietness of the Money Market discouraging investments on the part of the public. India Shares have been offered, and they are lower, but this is a market that will speedily rally. Banking, Land, Steam, and Mining Shares have been comparatively free from fluctuation. The Exchequer Bill of June, 1857, will be paid off on the lsth of June next. The new Bills will bear interest at the rate of only three•halfpence per diem. The present rate is twopence-halfpenny. The March Bills were re newed at twopence. The intended reduction is a practical proof of the easy condition of the Money Market. The Provincial Trade Reports continuo to read tolerably well. The progress of improvement is very slow, bat it is apparently sure. FROM THE LONDON GAZETTE, Tuesday, May 18. BANKRUPTCY ANNULLED.—WILLum B. Iyglli , Loseby, Leicestershire, hay and corn dealer. BANKRUPTS.—JAmes hPOILL, Great Coram-street, balkier -CHARLIS CHAMBERS, jun., Enfield, boarding school, and boarding-house keeper—GEOßGE BARROW and OZOROR Ham- MOND, BasinghalLstreet, wholesale stationers—Joaw Rowiroz SPRI NORA LL, High-street, Bow, and Stratford, engi neer— FRANCIS WILLIAM STOCKWELL, Old B roa d- street, bil l broker, commission agent, and dealer in shares—hares CHARTRMS. King William-street, City, seedsman and florist—Tuns DORMER, Reading, builder and cement merchant—Caruse GOMBERT, Duke street, Manchester-square, milliner—Jaunt COCK, George-street, Portland•place, carpenter and builder—. JAMES BEAGLE, Bridge•road, Lambeth, upholsterer—Wow, COHEN, Sheffield, watchmaker and silversmith—Hewer DODD. Liverpool, dealer in paper hangings-4081PR HUGHES, lination, Sourawstt, Dudley, Worcestershire, reset and provision and corn dealer—Donn Tosrtx, jun., Broedwag, Worcestershire, boot and shoe maker and leather cutter— BENI/all"! and WILLIAM PgAitsoe, Stratford-on-Avon, and Chipping Norton, Oxfordshire, coal dealers and grocers—Jogs FLETCHER FLETCHER, Long Sutton, Lincolnshire, surgeon and apothecary—Caxates WILLIAM CASIREE, Gloucester, SOO* tioneer—Jemes BEARD and EDWARD THOMAS, Cardiff and Bideford, brewers—Wfixtfir COOPLAND, TOrliffe, Yorkshire, miller and bria and tile maser—GEONOZ LATOOCE, Sheffield, currier. SCOTCH SEQUESTRATIONS.—Roatar Seism, G • coach proprietor, am' wine and spirit merchant—Watt... l :C, Elphinstone Toter, Haddingtonshire, tarmer--.Juiss 112111:X. Glasgow, provision merchant—Jost DONTHROW and Wass* Buck, Glasgow, warehousemen. Friday, May 21. BANKRUPTS. wit, W. CHAPLIN and James DIIAXAN, William-street, Hampstead-road, builders —Wit. J. Masser; Store-street, Bedford-square, builder—Jonn Ntoou.s, Newport, Monmouth, flour and provision merchant-4 Anis CLOUGH Bradford and Birkenshaw, woolitapier—TTßALL HOLCIOPT, • Manchester, manufacturer—Kai-I.mm C UNTO/ID, Low Els wick, Newcastle-upon-Tyne, iron founder—Fit...woe Wain, Nottingham, carpenter--Jonit LILLNYNAN CLAYPOLN , Old Broad-street., City, merchant—Gicoaor Hnowas, boot and shoe manufacturer-111c Mae D HAY, North Shields, butcher— SAMUILL TROUNCC , Bristol, provision merchant—Wint.us H. Wentza, Adelphi. scrivener—James Eaarwax and Joshing K. LAWLEDOI, Mitcham, calico printers—Joan if. RANINITANN, Birmingham, druggist—Jams H. NORRIS, Bhmlngltas, paper dealer--Jon it H. TETLEY, H indley, Lancashire, brewer. SCOTCH SEQUEsTRATIONS.—Mrs. Eur.asawa itiosta, or AI.ixANDCH, Dunoon, fettar—Parssaos and Co., ()gorge street, Ldinburgb, milliners and lace mercbante—Wiittata AINSLI is and Sox, Main-street, Glasgow, candle makers—Jawse Bisesrr, West North-street, Aberdeen, tionualssion agent. FARQUHAR—On the 13th instant, at Acton, the Hoe. M. Harvie Farquhar, of a daughter. LANGTON—On the leth instant, in Grosvenor-squaw, Lady Anna Gore Langton, of a eon. PARR—On the 13th instant, at Harrow, the wife of Adm. General Chase Parr, of a daughter. ALEXANDER—PHIPPS—On the 18th instant, at St. Miami's Church, Chester-square. John Wallis Alexander, Esq., imp eg Sir Robert Alexander, Bart , to Lady Lepel Charlotte Phipps, daughter of the late Earl of Mulgrave. BUTLER—OWYNNE—On the 4th instant. at Dublin, James Wm. Fitz• Gerald Butler, Esq., son of the Hon. James Baler, to Adah, daughter of the late Lawrence Gwynne, Esq., LL.D., of Cambrian, Teignmouth, Devon. FOSTER—WILLS—On the 18th instant, at Norwich, Charles Foster, Esq., son of Sir Wm. Foster, Bart, to Charlotte Wills. daughter of the late Captain Wills, A.N. GOLOBERG—DUNCOMBE--On the 18th instant, at Min British Embassy, Turin, the Rev. J. B. Goldberg, missionary of the London Society for Promoting Christianity amongst the Jews, to Miss Isabella Buncombe, daughter of the late Stingsby Duneombe, Esq. ROGERS—MACLEAN—On the 19th instant, at Jersey, Cs", Henry D. Rogers, C.R., to Sarah Anne, daughter a sow. missary-General Sir George Maclean, K.C.B. BENTHAM—On the ltith instant, at Pimlico, Mary 1 ,2 1= widow of the late Brigadier-General Sir Samuel Be X S.G. CA LLANDER—On the 14th instant, at Edinburgh. Banda Wm. Macdonnell, eon of the late Colonel James sad lady Elizabeth Callender, of Craigforth and Ardkinglass. DALRYMPLE—On the 10th Instant, in Parkmreet,iimevearse. square, Ann, Lady Dalrymple, wife of Lient,Gencral Sat Adolphus John Dalrymple, Hart. HALLIDAY—On the 18th inst., at his raddease, Rim Lodge, Spring- 28 grove, George Halliday, Esq., of 54, Ftergatraet a Chu aged . HENDERSON—On the 18th instant, at Mortlake, the Rev. Ebenezer Henderson, D.D., formerly President el nighbury College, aged 73. HUME—On the 17th instant, at Bristol, CokeelJohn Owennap Hume, of the Bombay Army. XF.N NAWAY—On the 18th instant, at Weston-super-Mersk Emily Frances, wife of Sir John Xennaway, Bart.,aged se, SPECTACLES. —Sight and Hearing—Daalass, A newly.invented Instrument for extreme case* of Dee& nese, called the SOUND MAGNIFIER, Organics Vibrates. sea Invisible Voice Conductor. It fits so into the ear inane lar in in the least perceptible ; the unpleasant sensation of noises in the head is entirely removed. It ellimis iitatad relief to the deafest persons, and enables aim to u se tinctly at church and at public assemblies. ltssars. 1101 A% MOSS have invented spectacle lenses of IYs ppssattoosssstt tam.. parent power. The valuable advantage derived fMsa.thisinvett. tion is that vision becomes preserved sad streagthesed ;•.= aged persons are enabled to employ their sight at, the 1 minute occupation, can see with these leases of a mush leas magnifying power, and they do not require the areqemat c h anges to the dangerous erects of further powerini aseleteaads. ALDEMARLE•STREET, Piccadilly, opposite the York Rote I I