The Sun. — London, England, 1848-07-01 00:00:00

4 -- ~. MONEY and COMMERCIAL NEWS. CITY, QUARTER TO TIIR!•:E. The Cotton Market at Liverpool yesterday was quiet. Sales 4,500 to 5,000 bales, and for the week 26,840 hales. Stock, 634,916 bales, against 437,140 bales at this time test year. Railway Shares improved again, and a good business was done at advanced prices. The Bank of England return for the week to the 24th ultimo prefients the same features as last week, and.we need but - refer to the items and the comparison with the previous week, here subjoined. An early further reduc tion of the rate of interest appears uow to b 3 almost a certejnty. :Notes issued Increase Best Increase . Public Deposits Increase - Other Deposits.. Decrease 27,536,565 183,720 3,400,930 3,981 6,600,957 689,263 8,853,600 303,781 Seven Day and other Bills Decrease Government Securities Increase Other Securities Increase Notes • 10,007,630 Increase Bullion Increase Active circulation Increase Accounts of March 8, from Auckland, New Zealand, state that Governor Grey had just returned from a visit to the settlements at the Bay of Islands, Wellington, Nelsen, Akaroa, Wangamir, Otago, and New Ply 13:10r.th. The following report of the Manchester Market has been forwarded to us by Messrs. M'Nair, Greenhow, and Irving:— " Unnecessary though it may appear, continued allu sion to the existing state of matters on the continent of' Europe seems to us to be unavoidable, whilst we recog nise in them the origin of a most destructive influence upon the trade of this district, and believe that in their continuance consists one of the main hindrances to wards progressive amendment. The recent calamitous outbreak in France has, however, had no materially de pressing tendency, as most persons anticipated some such catastrophe. " Considering all the opposing causes in operation, admitting the dull and inanimate character of the mar ket, but recollecting that June is a month of proverbial inactivity, even in ordinary years, and that the interpo nition of the Whitsuntide holidays materially interfere with and abridge the extent of transactions, we are glad to have it in our power to present you with a more fa vourable report than what you may have been led to expect." Although a difficulty is experienced in getting dis counted any paper not first-rate, the funds are resorted to at advanced prices, and the statement of the Chan cellor of the Exchequer concerning the reductions in the national expenditure, has given a further impetus to prices. Consuls have been $4 to 84. i, or nearly one per cent. better than they opened yesterday morning. Exchequer-bills are 375. premium. New Three-and-a- Quarter per Cents. 85* to There has been an active business in Foreign Stocks. Spanish Five per Cents. have been quoted 114 to 12, and the Threo per Cents. 21; to ; Portuguese Three per Cents 15k, and Mexican 164 to 17. The advertise ments from the Portuguese Finance Agency respecting the conversion of the bonds, and the cancelment of the hypothecated securities has strengthened the market. Dutch Two-and-a-Half per Cents. have beet. 42 to 424. Railway Shares are all tending upwards, as the prices below will thew. 131t1T1SH FUNDS THIS DAY AT ONE O'CLOCK. (From the Official List.) 3 per Cent. Reduced Annuities 84% 85 New 34 per Cent. Ames. B5 Consols for Account Exchequer Bills. 2 Ihd. 1,0001. 1,010,888 . Ditto Advertised, June PRICE OF FOREIGN FUNDS AT ONE O'CLOCK. Dan:sh Bonds 1825, 3 per Cent 63% Equador Bonds 1 74 Grenada, 1 per Cent. . Mexican Bongs, 1846, 5 per Cent 1614 Ditto for the Account ..... 16% 17 Portuguese Bonds, 5 per Cent — Ditto 3 per Cent l 5l Ditto 4 per Cent. Ditto for the Account 17% Russian Bonds. 1822, 5 per Cent 93 Spanish Bonds, 5 per Cent,lB4o Ditto for the Account . Ditto Passive Bonds 3% 3 Spanish Bonds, 3 per Cent 21 % 14 x d Venezuela Bonds Do. Deferred 4 Dividends on the above payable in London. Dutch 2% per Cent.,l2 Guild 4214 42xd Ditto 4 per Cent. Certificates BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK RAILWAYS. PAID. Pu SHARE. Aberdeen Amber., Notting.. Boston, &c 3 3 /4 — • Ayrshire and Galloway Belfast and County Dawn .. 16 .. .. - Birmingham & Oxford June... 20 - Birmingham, Wol., & Dudley 10 ... . Binning., Wol., & Stour Val. 121.45. ... Birkenhead, Lancashire, and _ Cheshire Junction lO Boston, Stamf., & Birming... 5 to Bristol and Exeter Do., Thirds Buckinghamshire... l4l. 4a. Caledonian Ditto, Half Shares Ditto. Clydesdale Junction 50 Chester and Holyhead.... 4 2 1/ ..... —. Ditto, Preference Clarence. Do., let Class, 6 per Cent lO Do., 2d Class, 5 per Cent... 10 Do., Gov. Loan, 4 per Cent.' 10 - ...... to .- Direct London & Portsmouth 5% to Dublin and Belfast Junction.. ,30 Dundalk and Enniskillen ... 173( ...... East Anglia, 251. L. & E., mid L. & D Ditto, 181., E. & H. ls Ditto, 31. 10s, E. & H... _3% — ...... t o Eastern Counties .... Do. New Guarant. 6 per lA. 2 1 h to .._ Do.Perpet.,s per ct. 1 1 .0. 1,6/. 13S - . 4d... Do., d 0....... N 0.2,61. 13s. 4d... Do., Northern & Eastern... 50 Do., 5 per cent. - Do., Quarter .... . ...... - - Do., New Eastern Union, Claas A (late E. U. Shares) Ditto, ditto, Class A, ditto 1 - to - Ditto, do, ( lass B (I. 4is B) 17 1 - to - Ditto, do, Class C, ditto... 17% - to - Ditto Scrip (gua. 6 per ct.) 10 . - - Ditto, ditto - Ditto (C. & E.), 5 per ct. 2 %..... - East Lancashire Ditto, New .. ........... .... . 17 - ..... to Do., New Quarters - - Do., 6 per Cent. Preference Quarter Share. 24 ... .. - - East Lincolnshire 2O %...... - - Edinburgh and Glasgow 5O ...... 44 - Ditto, Halt Shares - --- -- - ... to - Ditto, Quarter Shares ' 12% - to - clinburgh and Northern ... 25 - - Ditto, New ..... ... ..... ...... 63i -.. .... to -- Ditto, New port l3 ...... - ...... to Ditto, ditto, New ••• 3%...... - ...... to - Exeter, Yeovil, & Dorchester 2% _ ...... to - Ditto, New - - Glasg., Dumfries, & Carlisle-8/. 63.8 d... - - Glasgow, Kilmarnock, & Ayr 50 Ditto, New - - Do. Preference Consolidated 15 .-.- ..... to - Great Northern l5 5% x. int. to - Do. London & York Exten. 2 1 ,8 ...... to - -- Gt. South. & West. (Ireland) 40 - - Great North of England 100 ...... - ..... to - Ditto, New 401. l5 ...... -- - Ditto, New 301. - Ditto, New 15/......... ...... 11%....... - 'to - Great Western 9O ...... 87 - Ditto, Halt Shares 5O ...... 49 - Ditto, Quarter Shares 174 ...... 15% N t ... to - Ditto, Fifths 2O ...... - - Do. New 17/. 934..... 7% to 8 Huddersfield and Manchester 26 .. ... - to - Ditto, Thirds 9 ...... - - Hull and Selby 5O ...... 99 Ditto, Hall Shares . Ditto, Quarter Shares 12% - to - Lancaster and Carlisle.... ... 50 - ...... to - Do., Thirds lO ...... - - Lancashire and Yorkshire ... 93 - . ..... to - Ditto, ditto - - ... to - Ditto half Shares ., -43 ...... - ...... t o - Ditto Quarters - Ditto Fifths - Ditto Sixteenths ........... 04 - ..... to - Ditto Thirds (Reg.) - ...... to - Do., New Guar. 6 per cent. 21 % ( s 2% to - Do. Liverpool and Bury... 43 Do. ( 'Judders. and Shelf.) 38 Do., Wakefield, Pontefract, and Goole 5O - - Do., West Riding Union... 6 .... . - - Do., Preston and Wyre ... 25 - to - Do., do., Half Shares (A) 9% - t o - Leeds and Bradford - - Leeds,Dewsbury,& blanches. 47 1 ,/ e - Do., Half Shares - to - Ditto, Blue (scrip) .. 2% - to - Leeds and Thirsk .......»..... 45 Ditto, New - ..... - 30 . .... - - Do., do., Prefer., 6 per Cent. 3%. .... ..- „„ t o ~.. Liverpool. Crosby, andSout h port. - - Liverpool, Manchester, and ... Newcastle J unction ...... -.. 2% - ...... to - Ld on /36 Blackwell ...... 131.65 . 8d - on e w,No. 2 6/. 13s. 441.... --. - D 0 .31% 31 to 31% ..... 22% - ..... to _ Eighths...thCoast 5 40 0 ... .. DittEo xiCtension ConsolidatedLoDndo..,l3ri to - Do. Guaranteed sper Cent. 9 ...... _ ...... to ..... g htSu Cent. 50 D. Pref. Cony- 5 Per --- - - ... to - Ditt o , ditto ......... .. 1852 50 ..... _ - Do., N e vi, g uar. 6 per cent. 2 ...... DA ... - London and Greenwich... 12/.15e. 4d... - - Ditto P re ference . ..181 17s 2d... - ..»., to - ...... London ec North Western.....loo l2l _ ... to 122 Do. Quarters (L. and B.) 22 - to - DI. New ............... 2 - to -. Do. Fifths ...... ,.. ......... 2 ..... - - Do. 40/. Shares.. . . 1..& M 20 ...... - - Do. 10/. ... M. and 13. (A. ) - 7.2.... . - -- Do. 10/. .. M. and B. (3.) 712 - to - Do. 1N... M. and B. (C.) I ( London and S. Western.. 50 - Ditto. New .. 42 1 / 2 -- •••••• to Ditto, New 40 4.... ... 34 .• ••• - Do. Tenth s s (Consolidated) 50 .••••• Do. Tenths (Consolidateds 40 ...... ..„. F,_ to Ditto, Thirds .............. 10 ...... - London, Salisbury, & Y eovi l 1 % ...... Londonderry and Colerain e ... 27% — to THE SUN, LONDON, SATURDAY PROVIDENT CLERKS' MUTUAL BENEFIT ASSOCIATION. A special meeting of the members of this flourishing society was held last evening, at 6 o'clock, at the London Tavern, at the instance of the directors, in order to enable them to state the amount of profits to which the respec tive assurers are entitled. Among those present were R. H. Jones, Esq., Chair man; J. W. Welsh, Esq., Deputy Chairman; W. Ratray, Esq., Consulting Actuary; W. J. Jordan, Esq.; R. Price, Esq ; W. S. Sawtell, Esq.; S. Notley, Esq.; J. J. Iselin, Esq.; S. Jepps, Esq. ; G. Thomas, Esq. Mr. It. li. JONES (the Chairman of the Board of Management) occupied the chair. He said—Gentlemen, it may be iu the recollection of all, or at least of most of you present, that at the last annual meeting, held on the 17th of January, we announced our intention of call ing a meeting at an early period, for the purpose of de claring a division of profits for the last seven years, having previously to that announcement placed in the hands of the actuaries the data whereby they might make the necessary calculations. In accordance with that in timation we have caused you to meet here today; and I can assure you it gives me the greatest pleasure and satisfaction to see so many present, though I must con fess I would rather have seen a larger attendance. Siiil it is gratifying that so many have attended on this in teresting occasion. It has been a source of the utmost gratification to the directors to have received at your hands, on every occasion on which they have met you, your cordial approbation of our conduct; but when you have been made acquainted with the contents of the re port, which will be read to you in a few minutes, I think you will entertain, if possible, increased con fidence in us, for we have, as I have said, to lay before you a satisfactory account of the progress of the institution; however, that is for you to judge hereafter. I repeat, that to my mind this is a most in teresting occasion, perhaps the most satisfactory occa sion on which we have ever assembled, but I think, and I have no doubt you will agree with me, that I may go further, and say that we have met ou an occasion which truly deserves to be characterised as triumphant.— (Cheers.) I think it is a triumph over that prejudice, apathy, and indifference which beset the institution in its early days—a triumph of honest endeavour on the part of the managers to promote its prosperity.— (Cheers.) The triumph is one of principle over preju dice; in short, to my mind, the results of the working of the institution, which we are about to lay before you with the most unfeigned pleasure, is satisfactory in the extreme.—(Cheers.) I hope you will bear with me whilst I enter briefly into a detail of the operations of the society in order to put you in posses sion of matters necessary for you to know on an occasion like this. This association was established, as you are aware, seven years ego—seven years and six months reckoning up to the time we have met; but the seventh year of its establishment terminated on the 31st of Decem ber last, during which time we have had to contend with many difficulties, but confident of the ultimate success of the institution, we never saw occasion to despair. The gradual increase in the number of policies issued from year to year created confidence in our minds that the time was not far distant when we should meet our re ward in the increased prosperity of the institution, and be thereby enabled to encounter difficulties and disadvantages which, had it been otherwise, we should have sunk under. You will, I am sure, excuse me if I read you a brief account of the progress of the institu tion since its commencement, for I am anxious on an occasion like this to record it.—(Cheers.) In 1841 we issued 73 policies for 14,3501., at which time our annual income was only 4981., and our stock but 4501. ; in 1842 we issued 61 policies for 9,250/., our stock was 5501., and our income 7141. ; 1843, 123 for 16,900/., stock 1,1004 income 1,296/. ; 1844, 110 for 15,9001., stock 1.700/., in , come 1,766/. ; 1845, 211 for 33,5201., stock 1,5001., in come 2,63sl.—(Cheers)-1846, 374 for 69,2001., stock 2,7001., income 4,841/.—(Cheers)-1847, 417 for 84,450/, stock 2,5001., income 7,36Bl.—(Cheers)—and up to the present time we have issued 201 policies for 40,786/., our stock amounts to 13,0001., and our income to B,so3l.—(Much cheering.) Altogether, we have issued 1,570 policies for an ageregate amount of 284,356/. This statement bears me out in the observation I have made that this society has gradually progressed, which is far more satisfactory than rapid progress, be cause I apprehend when an institution becomes succes ful at once its managers are apt to get indifferent; we have had to make our way, and that gradual improve ment which took place from year to year encouraged us to renewed exertions—(Hear, hear)—and when the result of this day's proceedings goes forth to the world, I have no doubt that the confidence of the members and the public in the managers will be augmented, if, indeed, it be not impossible to repose in us a greater amount of confidence than that with which we have been already honoured. I am aware that objections have been raised to some of the principles of the institution, and I have had individually to combat with them. It is said by some that the institution does not do all the good of which it is susceptible; in reply to which I would say, that every one who joined the association did so with the rules before him, and therefore if he became a member under a misconception as to the objects of the institution, the fault lies with him and not with us.—(Hear.) I maintain that the institution does all the good that it can do.—(Hear.) Both branches are now firmly established ; we have, I may say, the most unbounded confidence of the members, and the association is capable of bestowing upon its members greater advantages than arc to be met with in any other institution.—(Hear.) I will show you what it has done, from which you will be enabled to judge what it can do for the future. When the assurance department was established, the managers and other friends of the institution, in order to testify that the association was in a position to defray any liability that it might contract, entered into a guarantee for 5,0001. for that purpose; but it has been a dead letter: it has never been found necessary to fall back upon the fund even for the smallest amount; and in April last it expired, and the present position of the institution ren ders its renewal wholly unnecessary.—(Cheers.) Since the establishment of the institution there have been 20 deaths, on account of which claims to the amount of 3,900/. have been paid. Now that is nearly 200/. for each individual; and just imagine for a moment the vast good this aid must have conferred upon the families among whom it was spread.—(Cheers.) I would espe cially urge upon clerks and others throughout the kingdom to avail themselves of the great advantages offered by this institution.—(Hear, hear.) It is the duty of every man who has any one dependent upon him to assure his life, because how many, but for the aid of assurance, would leave their survivors in a helpless state of penury.—(Hear, hear.) Supposing on the average there were four members in each of the families of the members who were thus assured, which is a very moderate calculation, upwards of a hundred individuals have been preserved from want by the life assurance department of the association alone.—(Hear, hear.) Notwithstanding these drawbacks, which are, of course, inherent in all similar institutions, we are en abled to present you a satisfactory report, and to tell you that our income has now arrived at something like B , oo o4—evincing, I think, the stability and fruitful nesst of th e i nst i tut i on , an d t h e f a i r p ros p ec t o f it s obtain ing gr ea t er prosperity t h an hereto f ore. Wi t h respect to the m anagers, I may b e perm i tte d to say t h at I am certain e m and no I body oft th ofi e n y dividuals could work harder, or entertain a great er d es i re to f u lfil t h e trust repose d i n h will continue to receive, by an augmentation of members, additional encouragement to continue their labours. We trust we shall receive every possible encouragement that you are enabled to extend towards us. So long as we are thus aided in our labour you may depend upon it that we shall never relax them. I feel on this interesting occasion the greatest satisfac tion at the result of the working of the institution, and I have no doubt similar feelings are entertained by the original members of the institution, whom I see around nie.-7 - (Hear.) Before I sit down I am anxious to allude to the advantages offered by the benevolent de partment, for the two deparhtmas theents ahreenseovuilneudtissolubly e united, that if one were taken away, the other would be —( e means Hear.) What of accomplishing? We h ave t hi s d depart mentst destroyed.—(Hear.) o been ye d. th year granted 53 loans, amounting altogether to 1,054/. Since the commencement of this branch in 1844, 191 loans have been granted, amounting in the whole to 3,7741.—(Hear.) Now I know cases in which this timely aid has been of the most essential service, and many of the parties thus assisted have expressed to me their grate ful thanks for the assistance thus afforded. We have three clerks and seven widows receiving permanent an nuities. These are some of the prominent advantages of the institution. I will not detain you by enumerating some of its minor features. The more I know it the more am I convinced that it is the means of conferring the most substantial and lasting good. Some trifling alterations in the rules have taken place ; for instance, the abolition of the entrance fee of half a guinea, and the payment of policies quarterly as well as half-yearly and yearly, which do not affect the principles of the association, which I hope never to see altered, because we have found, from the experience of the working of the insti tution for years, that as the association exists it is calcu lated to do an immense deal of good; it has been well tested. As its members increase the sphere of its useful ness will be extended, and we may gather from the fact that its having done good in a limited degree it is calcu lated to do good in a great degree.—(Hear.) In ac cordance with the rules the affairs of the institution were placed in the hands of two actuaries, Mr. Griffith Davies and Mr. William Ratray, being selected for that pur pose. I think no one can doubt that the choice of the directors was judicious. Mr. Davies, without exception, is one of the most active men to be met with; and the merits of Mr. Ratray are well-known—he has been con nected with us since the commencement, and knows us as intimately as we know ourselves. Having stated that, Mr. Ratray would be happy to reply to any questions that might arise out of the report. He called upon the Secretary to read that document. Dr. MULLINDER (the Secretary) then read the report, of which the following is a succinct abstract:— " The period having arrived for making the first divi sion of profits on the business transacted by the associa tion, the board of management selected the eminent Griffith Davis, Esq., and their consulting actuary, W. Ratray, Esq., to make the necessary calculations and investigations, and, in conformitywith Rule 32, furnished these gentlemen with all the requisite data down to the 31st Dec., 1847. " The operations of the association commenced in 1840, the first policy having been issued on the 17th of March, 1841, and, as according to the rule above-men tioned, the first division of profits should be declared in 1848, and two-thirds of the profits are to be divided among such members as have been assured five years, the holders of all policies issued up to the 31st of Dec., 1842, will participate in the present division. The board of management having unanimously adopted the report of these eminent actuaries (which was read at length to the meeting, and was most elaborately and carefully prepared and illustrated by various tables), had the pleasure of informing the members, that after the I interests of all the contributors to the association (or assurers), and of all persons having claims thereon in ' possession or in expectancy, have been fairlydealt with and secured, and appropriating one-third or the profits, or 7111. 6s. 10d. to the benevolent fund of the, association, the holders of all policies of five years standing are en titled to a reversionary bonus of one pound per cent. per annum for all the time their policies have been in existence, which bonus is equivalent on the average to about thirty-three per cent. on the premiums paid by them up to the 31st December, 1847. That the board believe that the profits realised by the members of this association will be found to be equal to, if they do not exceed, those of a great majority of life assurance so cieties, and at the next division, which %yin take place after the 31st December, 1852, it is hoped' from the in creased amount of business, and the reduction of ex penses consequent on their being spread over a larger number of policies, a still more satisfactory result will be shown ; that in a few days a circular would be ad dressed to all the members entitled to a boilers, s) that each may make his election as to the mode in 'which he individually wishes to receive his proportion (e, , ther an addition to the policy, reduction of premium, or present cash payment). " The report then congratulated the members ov such an encouraging state of affairs, and earnestly called on* them to make it known among their friends, and to exec ciso all their influence in introducing new members, so the not only may the present high position of the associa tion be maintained but most materially increased and improved." The report was much applauded. Mr. HOOPER considered that Rule 32 should be altered, as it operated injuriously to the institution ; it prevented some of the assurers from participating in the profits for nine years, and would cause new assurers to seek other offices which divided theirprofits oftener ; he would suggest that a special meeting should be called to con sider the matter. The CHAIRMAN said it was always injudicious to alter the rules of a society soon after its establishment. It might have the very contrary effect to that intended, as the public seeing that the rules were altered from time to time, according to the caprice of some of the mem bers (be did not use the term in an offensive sense) would hesitate to join it. In this institution the relatives of an assurer of the class referred to would receive the equivalent value of the policy sooner than in any other office. Perhaps Mr. Ratray would wish to explain this more fully. Mr. RATRAY thought the rule a very wholesome one. Some offices—the Equitable, for instance—divided its profits but once in ten yars. Institutions started with certain rules, and parties joining them did so in accord ance with them. Mr. HOOPER said those whom he had induced to join the institution agreed with him in saying they would get profits for one or more years at the National Provident, and other offices. Mr. PBICE said a reservation was made for those who did not participate in the profits at present. They should recollect that if they did no; divide so much, they kept a better capital in hand to meet contingencies. Mr. RATRAY said the suggestion could be better un deretood at the end of the next fire years than at present —then, perhaps, they would be in a position to divide every three years; indeed, he hoped the success of the institution would be such as to enable it to divide every year.—(Hear, hear.) The present assured business did not justify a departure from the rule. If they had an income of 80,0001., instead of 8,0001, he should agree with the suggestion; let them bear in mind that seven years was not a great test of an office, and that they should no alter rules which had been in existence so short a time. Mr. H. Smrrist sympathised very much with the obser tions of Mr. Hooper. Be was in favour of a quinquen nial division, because expense was saved ; when the profits were divided all should come in for their share.— (Hear, hear.) It was a clear injustice to deprive persons who bad not been assured five years of any share in the profits. He would, therefore, most cordially second the suggestion of the Hon. Member, and recommend the board of management to take into their consideration the propriety of altering the rule. He wished to know whether there was any doubt in the minds of the ac tuaries as to the construction of that rule ; because it said that the profits were to be divided among all the members, and in a subsequent clause there was a limita tion, with regard to the participation of profits, to those who had been assurers five years. Mr. RATRAY said the observations he had made applied to the periodical distribution of the profits and not to the question, as to who the parties were that were entitled to participate in them. For himself, however, ho considered it would be very desirable to admit those who bad been more recently assured.—(Hear, hear.) He would not go so far as to say that assurers of only one year's standing should participate in the profits, but the period might prudently be limited to two or three years. Yet, still he was of opinion that five years should elapse before they made any such alteration, for the reason stated in the report, viz., that 1,8241. 10s. 10d. would be required to give a bonus of 1/. per cent. to those who had assured within the last five years, and to meet that the association had only about 1,0001. in hand, so that they would require about 8001. more to make up the necessary amount. He and Dr. Griffith Davies had maturely con sidered the subject, and taking into account the superior and very economical manner in which the association had been hitherto managed, they entertained no doubt whatever that a bonus of 11. per cent. would be received at the end of the five years. It would be advisable therefore to wait another five years, by which time the society would be placed on a more firm footing, and they would be better enabled to ruu the risk of making fresh arrangements. Ever since its establishment the society had been gradually gaining in strength and power. In 1845 they issued 178 policies; in 1846 they issued 333 ; in 1847 they issued 384 ; and no doubt in 1848 the number would be increased to 500 or more.—(Cheers.) He concluded by again stating it was his opinion that they should wait five years in order to recover themselves from the drawbacks which always attended the first workings of such a society as theirs. Mr. Pumas/ said it appeared to him that it would be possible to give all the assurers up to the present time, or within twelve months of it, a bonus upon their premiums of 11. per cent. In order to benefit the as sured for five years and upwards, all who had assured at a later period were put off for a period of five years, and a great portion of them, therefore, would not participate in the profits of the association at all. Mr. RATRAY said that arose from the working of the rule, and net from any fault in calculation on the part of the actuaries. Mr. PITMAN trusted, in that case, that the board of management would see the importance of making an alteration in the rule hereafter. It was obvious, if they had to wait five years before all the assurers were brought alike, that parties would go to other offices where they could participate in the p ro fit s t h e fi rs t year, and con sequently the society would susta i n a grea t loss. He was himself an assured fo r more t h an four years, and not being qualified to partake of the present division, would lose much individually. Mr. RATRAY—At the next division you will have nine payments instead of five. Mr. PITMAN—Yes, but it will lie in the hands of the society until then. Mr. RATRAY—The money will not be laying idle, but will be lent out at interest by the society. Mr. PITMAN thought he might be able to lay it out to more advantage himself.—(Laughter.) Theirs was a mutual society for the exclusive benefit of one another, and they ought all to be placed on the same footing. Mr. ItATRAY said it was not altogether a mutual office, for if that were the case there was sufficient profit to divide one per cent., but they gave over 7001. to the benevolent fund, and therefore only participated in their contributions to the extent of one-third, the other going to the fund. Mr. PITMAN said he should conclude his observations by asking the Chairman to put the question, whether or not members, from the date of their policy, should parti cipate in the profits? The CHAIRMAN said it was only competent fora mem ber to make a suggestion at that meeting. The object of the directors in calling them together was to make them thoroughly acquainted with every particular con nected with the society, but more especially to know what the feelings and sentiments of the members were upon various matters brought under discussion. Mr. HOOPER said if the division was to be made only among those who had been members for fiveyears it would involve the necessity of some waiting nine years ; and besides, if a person died in the intermediate period, there would be no division of profits payable on his policy. If they provided for such a contingency, he was of opinion that every object would be met. _ Mr. RATEAY said the object in taking fire years was to enable them to make an average of the profits, for in one year there mi g ht b e a great profit, an d in another a great loss. Mr. lseLisr said, with the permission of the Chair man, he would take the liberty of delivering a few of his sentiments on the subject before the meeting. The vice of the present day, with regard to life assurance, he said, was a greedy anticipation of what the result would be upon a calculation of the profits over an average of years. In making that obser vation he meant no offence to those gentlemen who de sired the present calculation to be based upon a nearer approximation than fiveyears, but simply to show that the real intrinsic value of Tile assurance had never been fully appreciated by the public. At the present time life as surance, considering the general intelligence of this glo rious nation, was immensely below par compared with the population of the country, and the number of those who did insure their lives for the benefit of themselves, their families, their creditors, or for other purposes in- • telligible to gentlemen engaged in commercial pursuits, was immensely too small. Consequently life assurance was now largely on the increase, and he begged to say that they would scarcely expect Os arrive at any great benefit without being liable, in the pursuit of it, to certain imperfections which were insepa rable from common humanity. For instance, the competition among assurance companies, each offer ing greater advantages than the other, had in a great degree crippled the efforts of young companies to esta blish themselves. Ile made those few observations in order that gentlemen might not be misled, and take that which was cheap but not durable. The society had been found to work most satisfactorily, and by the appropria tion of a portion of the profits to the benevolent fund, they were enabled to relieve casual distress, as well as pay the premiums which became due at death. If any member could suggest any rule or alteration of any rule that would tend to make the system • upon which the society was managed more perfect and complete, be could assure him that no body of persons would be more anxious to effect such an object than the present board of directors. But it was absurd and fallacious to suppose that the casualties attendant upon the lives which were assured in the society could be calculated over one year so as to take a correct average. Mr. GOSBELL did not think any member would want anything short of a quinquennial division; but at the same time he must say that if a person went to other Londonderry and Enniskillen 25 Lowestoft (guar. 4 per cent.) 20 Ditto (guar. 6 per cent. ... 8 .., — Manch. Buxton, & Matlock 4 Manchr, Sheffield, and Linc.100 Ditto 1 ,4 Shares (No. 1) ... 18 ...... Ditto, ditto (No. 2) , . Ditto, % Shares (No. 3).... 7% ..... Do., New 101. Preference.. 10 ...... Ditto Grimsby 3O — to Ditto, ditto. ......... 9 Ditto, ditto Ditto ,Sheffield and Line. 10 ...... Ditto, Grimsby Dock Ditto, Man. & Lin. Union 4/. 25.... Nlanchester and Southampton 2 1 4 — .. ... to Nlic land.. .. ..-.• lOO .... 101 .... to 102 Ditto, Consol. Preference 100 Ditto, 501. Shares Midland, Birm., and Derby...100 Midland, Consol. Bristol and ___ Birmingham, 6 per cent.... 100 ll 7 l /2 to Midland, Bristol and Glouc. 38 ... .. Ditto ditto 141. 18s. .. Midland, Leices. and Swan nington (8 per ct.gua.)....100 .... . 11,1411 d. Great Western (Irish) 40 Middlesbro' and Redcar. 6 per cent. guar. SO Newcastle and earns's IOU ...... .._. Ditto Quarter Shares - Newmarket Ditto Extension Scrip... 21. 12s. — Newport Abergy., and Heref. 6 Newry and Enniskillen A cwiy, Warrenpoint, and Itostrevor Norfolk lOO Ditto New 201. Ditto Extension to . to Do. Guaranteed 5% per ct. 5 4 3 /4 -- to Do. Scrip,lB47,N. of Norflk 2 Do. do. Waveney Valley... 2 Northern Counties Union .... 4 North British Ditto Half Shares-- ..... 12% 9 N - 4 .--• to Do. Quarters 64 4%...... to Ditto. Extension ... Ditto Thirds ... ........ .„.... 41A,..... North and South-Western... 2 .. .. .. North Staffordshire... .. ...... 12 1 4 9%%... to North Wales 3 l /2 . .... to North Western 7% — .... to Oxford, Worcester, and Wol verhampton Reading, Guildfd., & Reigate 7% ...... Royston and Hitchin . ..... ... 1%..-.. Scottish Central Scottish Midland .... ....... .... 25 ...,.. Ditto, New... Sheffield, Rotherham, and __ 7 1 ,4 4' - ••••• ' to .. Goole Do. do. (South Div.) Shrewsbury and Birmingham Ditto, ditto, Class B. Shrewsbury and Chester (Nor. NV. Min.) Ditto Halves, Ditto 8 ... .. . ... to Ditto, Uswestry l6 Ditto (New) 1 Ditto 8 per Cent. Pret. ...... 8 Shropshire Union ... 4 South Devon ....... ...... ... 45 Ditto, Preference 25 ...... ...... to South Stallordsltire 5 South Eastern ...... .. —... 33 1 4 ' ... Ditto, New, No. 1 Ditto, New, Non 22 Ditto, New, No. 3 Ditto New, No. 4. .. 8 3 /4 — ...... to South Wales South Yorkshire, Doncaster 8 — to 5, 1 — ...... to— and Goole Swans. and Loughor and Ca meron's StEn. Coal ...... ... . 6 Thames Haven Dock and Railway 17% - raw Vale Extension Vale of Neath Waterford and Kilkenny 1514...... Waterford and Limerick..... 4214..... Waterford, Wexford,Wieklw, _ _ and Dublin Wear Valley 6 per Cent. Guaranteed Do. do. do. - Do. do. do. ...... .. 7% ... .. West Cornwall Whitehaven and Furness ll ••• ea •• ••••• to ... Windsor, Staines, and South Western ...... 9 1 -,i — ..... to Wilts, Somerset,&Weymouth 35 York, Newcastle, and Berwick 25 Do. Original New & Ber'ck 25 .. ... 30 1 ..... to Do. Eaten. No. 1 (Y. &N.) 15 Do. do. No. 2, New &B. 10 ... Do. G. N. E. Pur. or Pref. 8 ... York and North Midland .. 50 Ditto, Preference Ditto East and West Riding Extension FOREIGN RAILWAYS. Boulogne and Amiens 2O ...... 6 1 4 to Central of France ( Orleans and Vierzon) Ceylon Demerara. ...... 1 2 1,4. .... Dendre Valley Direct Bombay and Madras ss. .... . Dutch Rhenish 7% — ...... to East Indian Great Indian Peninsular ss. Italian and Austrian Jamaica S. Midland Junction 1 Louvain ala Sambre ......... 71A — ...... to Luxembourg Lyons and Avignon (Con stituted) Madrid and Valentia Namur and Liege :18 Northern of France. lO ...... 4% to Orleans and Bordeaux ... .. 6 -to Over Yssel 4l3s 4d . ...... to Paris and Lyons Pans and Orleans 2O Paris and Rouen 2O Paris & Strasbourg ..... 8 ...... Rouen and Havre ' 20 Sambre and Meuse.' Strasburg and Bale ..... ...... 14 Tours & Nantes ... .. ...... .. 8 Tournay, Jurbise, Landen, and llasselt to ...... to West Flanders . 1 2 . 11c1' ...... STOCK 4O B % . ANIi — S. Australasia ... - British North American .... 50 Commercial of L0nd0n........ 20 London Joint Stock ~... . . Ic , _ London and Westminster. ..:20 ... Ditto, New National Provincial of Englci. 85 ...... "'to National of Ireland 22 . . %.. .... •• •• to .. to ..... Provincial of Ireland Ditto, New lO ..... Union of Australia Ditto, New 2% — ...... to • to of - u U n n i i o o n n of m Lo a n d d ri o d n ........ ...... 10 MINES. Anglo Mexican Asturian Mining Company... 12 ...... 14 Australian 24 ..... to Blaenarvon Iron and Coal ... 50 Bolanos Scrip British Iron Brazilian Imperial ...,. 24 ...... ...... to Galvanized Iron Ditto, New Real del Monte, Unregistered . .. .. ... to Do. Black Debentures — United Mexican .. ... 28 1 4 3 to COURSE OF Amsterdam .. 12 3 Ditto, at sight • • .... nettcrdiun .... • ..... 12 4 Antwerp .......... .... 2G 25 liamburgh ......M.B. 13 123 Faris, 3 (lays' sight .. • • 25 60 Ditto, ••••..•• • • • • • • turseilles ............ Bourdeaux Frankfort on Maine.... 122% Petersburgh, Sit. Rble .• Berlin ........ .... Vienna, effec. •• Trieste, ditto.... Madrid ••••• • •• se st• •• 40 Bilbao.. • • • ... ........ Barcelona • • • • ........ Saville..... ..... EXCHANGE. Gibra1tar............ • • Leghorn ........ • Genoa .. • • • • ...... • • Venice........ Naples • • • • • • Palermo, perm Lisbon . • Oporto .... 52% Rio Janeiro ••.. • • •• • • Buenos Ayres .. ••.. • • New York, 21 clays' sight Philadelphia .... • • PRIM OP BULLION, ?BB OZ. Foreign Gold in bars.. £3 17 9 New Dollars ...... 0 4 9 % Portugal Gold Coin • . 0 0 0 ,ipanish Doubloons .. 0 0 0 Silver in bars .... • • 0 411 36 LLOYD'S SHIPPING—(THIS DAY.) LONDON, JULY I.—Wind W.N.W., light breeze, and dull hazy weather. LIVERPOOL, JUNE 29.—Wind W.N.W.—Arrd. Wash ington Irving, Caldwell, Boston. 30. Ben Nevis, Turner, Mobile ; Ivanhoe, Edwards, New York ; Montreal, M'Master, MontreaL Sid. Boston, Pratt, —. Off port, 30. Georgina, Calcutta; Ann Armstrong, Bombay ; London, ditto; Carnatie, ditto; Cartaretta, MUMBLES, JUNE 30.—Arrd. Dorothy Gales, Cuba. NEWPORT, JUNE 28.—Arrd. Favourite, Baltimore. OFF PLYMOUTH, JUNE 30.—Cecilia, Port Philip. TORBAY, JUNE 30.—Arrd. Margaret, Quebec. OFF PORTLAND, JUNE 30.—Jane, Reeves, Cape of Good Hope; Bootonian, Havannah. COWES, JUNE 30.—Arrd. Baltic, Allen, Barbadoes; Newton, Sears, Barbadoes. OFF DOVER, JUNE 29.—Anna Maria, Ceylon. SHEERNESS, JUNE 29.—Arrd. Galooge Delecis, Hen drichsen, Havannah. DEAL, JUNE 30.—Wind W. to W.S.W.—Arrd. Nar wabl, Baker, South Seas. Arrd. from the River, James T. Foord, Elliot, South America. WEXFORD, JUNE 29.—A vessel, apparently a steamer, is fast on the rocks to the south of Tackar, and appears to lie badly; the morning was thick and hazy. LEITH, JUNE 29.—Arrd. Marie, Gillespie, Granada. WARRENPOINT, JUNE 29.—Arrd. Challenge, Crosbie, St. John's, New Brunswick. BELFAST, •JUNE 28.—Arrd. James Hunt, Simmon, Antigua; 29th, Tom Bowline, Brodie, Quebec. LIMERICK, JUNE 27.—Jamer., Haddon, St. John's, New Brunswick. CLYDE, JUNE 28.—Arrd. Cordelia, Wallace, Barba does; Eliza Swift, Swift, New York, and not the Elizah Swift, Dean, from New Orleans, as reported yesterday; 29th, London, M`Donald, Rictou ; Othello, Young, New foundland. Sld. 28th, Baracoa, Jamaica. WATERFORD, JUNE 28.—Arrd. Countess of Durham, Rowland, St. John's, New Brunswick, and sailed for Gloucester. DUBLIN, JUNE 29.—Fanny, Prince Edward's Island. The total amount of railway calls due during July is nearly four millions sterling, or about one million and a half in excess of the amount called for during the month just expired, and is greater than any previous amount demanded this year, except in January last, when the total instalments required to be paid up was nearly five millions sterling. Compared with the amount called for in July, 1847, the present sum exhibits a de crease of nearly one million and a half sterling. The total amount of capital demanded on railway calls to the end of July in the present year is 22,437,9314, against 27,394,2201. to corresponding period of 1847, being a decrease of 4,956,2921. EVENING, JULY 1, 18-18. associations, and assured for one or two years, he was placed on the same footing with respect to the profits as all the other assurers. He trusted that the board would take the subject into their consideration, and, if fur tho benefit of the institution, would adopt the plan pro posed. After a few observations from some other members, Mr. WELCH said he had been an assurer for four years and eleven months, and, consequently, had good reason to complain, if complaint was made at all.-- (Laughter.) But his friend Mr. Ratray had satisfied him that it would be much more to the general interest of the association not to make any alteration at that early stage of its career, but to wait quietly and see the working of the division, which was now proposed. He felt satisfied that the early working of the association, producing as it had done a profit of 33 per cent., was so extraordinary and satisfactory, that the anticipations they had formed of its success must be more than rea lised. They were in fact on the high road to prosperity, and nothing but a national calamity, in the shape of general sickness, would check the present source of their success. He begged, in conclusion, to stale on his own behalf and on that of his colleagues upon the direc tory, that they would be happy to receive any suswes tion from any member of the association. Mr. JAMES L SCOTT wished to offer a few observations I to the directors and the meeting with respect to the re commendation in the report of the actuaries, that endow ments and assurance effected under table A 2, should not be allowed to participate in the profits. Now it appeared to him, and he was sure many would agree with him, that if a man assured himself in the society at an early age for a certain amount, payable on his a ttaini n g a certain age, and continued his payments from year to year, through all those disasters attendant upon all professions, that he was entitled to some share of the profits.—(Bear, hear.) Mr. RATRAY felt the force of the observations of the Hon. Gentleman, and read the passage of the report referred to, the effect of which was, that the recom mendations were made simply for the adoption of the managers and shareholders. Mr. Scott must be aware that such assurances as those he had referred to were far from profitable to assurance companies. Mr. SCOTT was quite aware of the fact. The average duration of life was far beyond the period at which his policy was payable, namely, at fifty ; and if a man could be sure that even the amount of the different premiums would be paid on his attaining a given age, or in the meantime, which was most important, he considered that he had little to complain of—(Cheers)—but he could not under stand why he and otners should be deprived of the slightest participation in the profits.—(Hear, hear.) He did not mean to contend that assurers of his class were entitled to the same profits as those whose po licies were only payable at their deaths, but he did mean to contend that they were entitled to some share, if only one-half, or even one-third.—(Hear.) He was convinced, from the great attention which the direc tors devoted to the interests of the institution, that his recommendation should receive the utmost attention. The CHAIRMAN said the board would consider the suggestion. On the motion of Mr. COLMAN, a vote of thanks was then unanimously passed to the chairman and managers of the institution for the manner in which they had conducted the business of the meeting. The CHAIRMAN, in returning thanks, said he would repeat vhat be had said many times before, that any suggestion which could be made would receive the best attention of the board. Mr. GOSBEL said, they would all admit that they owed a deep debt of gratitude to the talented and re spected secretary, 1)r. Mullinder, who had so ably ma naged their affairs, and ina great degree added to the success of the institution, and before they separated lie thought it but right that they should tender him their best vote of thanks. A vote of thanks was then proposed, seconded, and carried with great unanimity. Dr. MULLINDER briefly replied. He was quite unpre pared for that mark of their kindness, and could only say that he thought he was scarcely deserving of it; for if he bad done his duty, he received his reward every day in the kindness with which be had been met by every member of the association. Not only in London, but at Bristol, Birmingham, and other places, he was received with open arms, and therefore his life was one continued round of kindness shown to him by the mem bers at large. He had received great assistance from the medical officers in the discharge of his duties, and also from his friend (Mr. Ratray), to whom he was under the deepest of obligations. Dr. Mullinder concluded by thanking the meeting for the handsome manner in which they had tendered him the vote of thanks, and assured them that he would use his utmost endeavours to advance the interests of the institution. A vote of thanks was then passed to Mr. Ratray and to Mr. George Thomas, one of the late members of the board, who briefly replied. The meeting then separated. Mr. W. Chariten's b f, by Sir William, t r ,l ate B11y) out of a Slane mare, 3 yrs, 7st ••• 2 dr The South Shropshire Stakes (handicap;) of 10 sovs. each, 5 ft, with 20 added; second to u• .3 his stake. Heats. once round and a dis. 8 Subs. Mr. G. Carters's Linnmus, 4 yrs, 7st 31b ... 1 3 1 Mr. Smith's Fox whelp, 6 yrs, Bst 131 b ... 4 1 2 Mr. B. Giles's Gaffer Green, aged, Bst 81b , ... 2 2 dr Mr. Peart's Ennui, 5 yrs, Bst 91b ... 3 dr Handicap of 5 sous. each, 1 ft, and 20 add to J. One mile and a quarter. (5 Subs.) Mr. Barton's Hector, 6 yrs, 7st 91b ... (Denman 1 Mr. Saunders's Lady of the Lune, 4 yrs, is t I(ist ... 2 Mr. W. Smiths's Master D ownes , 6 yrs, B st : 61b ... :3 Mr. Purr's Baronet, 5 yrs, Bst Gib • ..- 4 SALISBURY RACES—Fmui Y. handicap of 10 sous. each, h ft. Mile :and half. Mr. Bray's Prospect, 7st (Sharp) I Mr. Jones's Miss Shirley, i s t 71b Won easy. The Queen's Plate of 100 Guineas. T h ree miles. Mr. J. Day's The Hero, 5 yrs f(A. Day) 1 Mr. W. Etwall's gr cby Thistle Whipper, , 3 yra Won in a canter. The Wilton Park Stakes of 10 sous. each, end 50 added. T.Y.C. Mr. Herbert's bc, by Veni►on, out ( Odessa, Bst nib ... ..., (Sly) Mr. Pedley's Cotton Lord, Bst 71b Major Pitt's Piccola, Bst 316 .tilt. J. Day's Traitress, Bst 31b Won by a neck. BETTING AT MANCHESTER— F RIDAY. LIVERPOOL Cur.-9 to 1 agst Executor• (t), 9to agst Cawrouch (t), 16 to 1 agst Peep-o% Day Boy 20 to 1 agst Aiontpensier (t), 20 to 1 agst J ovial. 100 even on Executor against all Scott's lot (take a and after wards offered). GooDwooD STAKES.-9 to 1 against Cr( u :ier, 10 to 1 agst Diplomatist,,l2 to 1 agst Remembranc a (t), 12 to 1 agst Hydrangea, (taken to 501.)-14 to L. agst Chat, 14 to 1 agst The Tartar, 14 tol agst Alpheia , 20 to 1 agst Gaiety (t), 20 to 1 agst Reflection (t), f. 9) to 1 agst Chanticleer, (t), and 5 to 1 agst Crozier and Remem brance (t). GooDwooD Cur.-2 to 1 agst the He: rt (t), 4to 1 agst Van Tromp (offers to take), and 14 to 1 agst Miss Lydia filly (t). ST. LEGER.-- 5 10 4 agst Surplice, 5 to 2 agst Springy Jack, and 5 to 1 agst Justice to Ireland (9 1) to 20 taken once). ... 3 ... Y LAW INTELLIGENCIE. COURT OF QUEEN'S BENCH, June 30. (Before Lord DENMAN.) GHISLIN V. GREGORY. This was an action against Mr. Gregory, t he late pro prietor of the Satirist, to recover comp nsation in d amages for trespass, assault, and alleged fat s o imprison- MVP t. The case arose out of an altercation whi c h ensued in consequence of Mr. Gregory seeking to obtaili possession of the premises where the paper was publ i= ihed in the S . ;rand, of which the plaintiff held poss a ision. The plaintiff was connected with an illustrated e4r3 ition of the Satirist published some time ago. Defendra it procured posession, and gave the plaintiff into custoe ly. The jury, after hearing the whole of the facts, gave the plaintiff a verdict for 20/. BANK OF ENGLAND. (From last night's Gazette.) An. Account, pursuant to the Act 7th and Bth of Victoria. cap. 32, for the Week ending on Saturday, the 24th day of J mite, 1848. 'stirs: DEPARTMENT. X. I. , ; . ectes issued.... •• .. 27,536,565 X. Government debt. • • 11,015,100 Other securities •• • • 2,984.900 Gold coin and bullion 12,131,567 Silver bullion •• • • 1,404,995 X 27,536,565 M. MARSHALL, Chief C as hi er . Vatted the 29th day of J une , 1548, £ 27,536,565 COURT CIRCULAR. The Queen and Prince Albert rode out on horseback yesterday, attended by the Hon. Miss Stanley, Colonel Buckley, and Colonel Bouverie. Her - Royal Highness the Duchess of Kent visited her Majesty yesterday, at Buckingham Palace. The Prince of Wales, the Princess Royal, and the Princess Alice, took a drive yesterday morning in an open carriage and four, and Prince Alfred, the Princess Helena, and the Princess Louisa, were taken airings in the garden of the Palace. The royal dinner party yesterday at Buckingham Palace, included her Royal Highness the Duchess of Kent, the Marchioness of Douglas, Lady Augusta Bruce, Baroness de Speth, the Earl of Aberdeen, Earl Bruce, Viscount Jocelyn, and Mr. George Edward Anson. The band of the Ist Regiment of Life Guards was in attendance in the Palace during dinner, and performed the following pieces:— March, No. 6 ... Pot pourri, "La Gazzl Ladra" Waddell. Rossini. Kuhner. Mozart. Costa. Polka, " Fredericken" Walzer, " Cleic.enza de Tito" Selection from " Alma" Their Royal ;Highnesses the Duke and Duchess of Cambridge had a dinner party on Thursday, at Cam bridge House. The company included his Royal High ness Prince George, Count Dietrichstein, the Austrian Ambassador, Baron de Hugel, the Wurtemberg Minis ter, Prince William Metternich, the Marchioness of Douglas, Baron Charles Hugel, the Marquis and Mar chioness of Douro, Lord and Lady Beauvale, and Mr. Henry and Lady Charlotte Lyster. Their Royal Highnesses the Duke and Duchess of Cambridge honoured the Duke and Duchess of Beaufort with their company at dinner yesterday evening, at their residence in Arlington-street. A deputation of Gold and Silver Lace Weavers, in cluding Mr. Simpson, Mr. John Biss, and Mr. D. Smith, had an interview with Sir George Grey yesterday, at the Home-office. Sir Henry Light had an interview with Earl Grey yesterday, at the Colonial-office. Colonel W. L. Freestun, M.P., had an interview with Sir George Grey yesterday. Mr. Towneley had also an interview yesterday with the Right Hon. Baronet. Dispatches were sent off yesterday evening from Use Colonial-office for the Governor of Canada, and also for the Governors of the other North American Provinces. Dispatches were also sent off for the Governors of New South Wales and Van Dieman's Land. Dispatches were received yesterday at the Colonial office from the Governors of Gibraltar. COWES, ISLE OF WIGHT. (PROM OUR OWN CORRESPONDENT.) COWES, JUNE 30. ROYAL YACHT SQUADRON INTELLIGENCE. ARRIVALS. JUNE 23. Frisk cutter, Richard Frankland, Esq., from Cherbourg. 24. Urania schooner, Lord Rodney, from Guernsey. 27. Gauntlet cutter, William reareth, Esq., from Guernsey; Ondino schooner, Duke of Sutherland, from Gibraltar. 30. Cygnet cutter, liedivorth Lambton, Esq., from Ryde. SAILINGS. JUNE 23. Gipsey Queen schooner, Sir 11. B. Iloghton, Bart., for North Yarmouth. _ _ 26. Ariadne cutter, Lord Godolphin, for the Channel Islands and other ports. YACHTS AT AND ABOUT THE STATION. Schooners—Brilliant, Maud, Urania, Ondine, Fairy, Ariel. Cutters—Elizabeth, Bacchante, Spider, Lark, Tur quoise, Gauntlet, Frisk, Alarm, Emerald, Cygnet. FITTING OUT IN THE HARBOUR. Schooners—Flirt, Camilla. FASHIONABLE ARRIVALS.—The Earl and Countess of Ellesmere, Viscount and Viscountess Brackley, and Col. Tremongers. The Earl and Countess of Sandwich and family are expected to-morrow. The Marquis of Ormonde has taken Millfield House. Lord Crofton has taken Devonshire Villa. SPORTING INTELLIGENCE. CARLISLE RACES.—THIIRSDAY. The Corby Castle Stakes of 10 sovs. each, p.p., and 40 added; for two yrs old. T.Y.C. (3 Subs.) Mr. B. Green's Arab ... ... walked over The Cumberland Plate of 200/., added to a Handicap of 25 sovs. each, 15 ft, and 5 only if declared; the second to save his stake. Twice round and a distance. (40 Subs., 14 of whom declared.) Mr. S. L. Fox's Meaux, 4 yrs, Est 61b (Ryder) 1 Mr. Wormald's Quadruped, 5 yrs, 7st 31b ... 2 Mr. Jewison's Raisthorpe, 4 yrs, Est 81b ... 3 Mr. Henderson na Lady Hylda, 4 yrs, Est 61b ... 4 Mr. B. Green's Maid of my Soul, 3 yrs, sst Mb ... 5 The Grand Stand Stakes of 5 sovs. each, and 30 added; two yrs old, 6st; three, Bst Mb; four, 9st 61b; five, 9st 121 b; six and aged, lOst; mares and geldings al lowed 21b. Once round and a distance. (4 Subs.) Mr. Merry's Pilot, 6 yrs ... (Bumby) 1 Mr. H. Johnstone's Rough and Ready, 6 yrs ... 2 Mr.4S. L. Fox's Sir Robert Sloper, 3 yrs ... 3 Mr. Green's Arab, 2 yrs •... 4 Tho Eden-side Stakes of 5 sovs. each, and 20 added. Heats, once round. Winner to be sold for 2001. Mr. Cook's Inglewood, 5 yrs, 9st 11b... ... 3 1 1 Mr. Taylor's George Hudson, 4 yrs, Bst 21b... 1 2 2 Mr. Merry's Glitter, 3 yrs, ist 41b 2 3 3 LUDLOW RACES.—THURSDAY. The Cup Stakes of 5 sovs. each, and 25 added. Once round. 8 Subs. Lord Caledon's Capsicum, 3 yrs, Est 111 b (Tasker) 1 Mr. Peart's Ennui, 5 yrs, Bst 101 b ••• ••• 2 Mr. Slcerratt's Egrette, 3 yrs, Est 111 b ••• 3 The Borough Stakes of 5 sovs. each, and 20 added; winner to be sold for 200/., &c. Heats, once round. (6 Subs.) Mr. W. Cowper's The Morsel, 4 yrs, Bst 21b 3 1 1 k_ Mr. Parr's Lethargy, 4 yrs, 9st 21b 1 2 2 BANICING DEPAILTICEN T. Proprietors' capital.. 14,553,000 It - •• ••• • • • 3,400,930 1" tblic deposits (in cluding Exchequer, Commissioners of National Debt, Sav ings-banks, and Di vidend accounts).. 6,600,957 01. her deposits • • • • 8,853,600 Seven day and other Government securi ties (including Dead Weight Annuity)... 12,411,301 Other securities • • 11,229,195 Notes ••••••• • • • • • .• 10,007,630 Gold and silver coin... 771,249 bikils• ••••• • • - •••. 1,010,888 £34,419,375 £34,419,375 M. MARSHALL, Chief Cashier. D ated the 29th day of June, IS4 ELECTION COMMITTEE. DUBLIN. 'The scrutiny into the validity of Mr. Reynolds' ma jority was resumed yesterday, and in the course of the d:iy the petitioners succeeded in striking off five addi ti,xual votes. PRICES OF SHARES. 1 BANKS, ASSURANCE, AND OTHER COM PANIES' STOCK. LONDON. FRIDAY, JUNE 30. TOINT-STOCX MANES. b ace of Company. Ant tralacia .......... BritshNorth American c nmercial of London 2.0,1 oni al . • • G)c•ucestershiro lonian Lcol Kin and We stminst r Ditto •.. London Joint-Stock . • Prcvincialof Ireland.. Ditto, New ional of Iroland : Provncial of Eng. Ditto, New......... South Australia • . • ... Union of Australia.... Unica cf London Union of Madrid Name of Company. Charing-cross • • • • .... South wrk, Nw Sub. Av. Ditto Nw of 7% p . c. Waterloo .......... .. Dividend per AT;DIIM. 51. per cent. 71. per cent. 61. per cent. 51. per cent. 151 per cent. 61. per cent. 61. per cunt. 61. per cent. 81. per cent. 81. per cent. 51. per cent. 61. per cent. Si. per cent. Si. per cent. 61. per cent. 61. per cent Aoußt of , Share. s. d. 40 0 0 50 0 0 25 0 0 100 0 0 100 0 0 25 0 0 100 0 0 SO 0 0 100 0 0 10 0 0 50 0 0 100 0 0 20 0 0 25 0 0 50 0 0 40 0 0 BRIDGES Dividend per Annum. Amount of Share. 355. per cent. X. s. d. 632 12 6 50 0 0 100 0 0 Paid. Z s. d. 40 0 0 50 0 0 25 0 0 20 0 0 25 0 0 25 0 0 20 0 0 13 0 0 10 0 0 25 0 0 10 0 0 22 10 0 35 0 0 10 0 0 22 10 0 25 0 0 2 10 0 10 0 0 40 0 0 X. E. d. 25 0 0 60 0 0 40 0 0 Ditto Old Ann. of 8/. Ditto Nw ditto of 71. Vauxhall • • .. •• • Ay. 11. ss. 4d. 11. 2s. 2d. 11. 17s. 70 10 3 INSURANCE COMPANIES. .--- Dividend Amount }Tame of Company. per 1 of Annum. Share. £ a. d. £ Pal .. d. d. Price - Albion ... •.. Alliance Brit. and For. 6 per cent. 100 0 0 11 0 0 163 y Ditto Marine. ••• • • • 6/. per cent, 100 0 0 5 0 0 - Atlas 136.6 d. pr sh. 50 0 0 5 6 8 13 British Commercial • • 7s. per share 150 0 0 5 0 0 0 Clericl,Med.& Gen. Life spr ct.& bs. 100 0 0 10 0 0 19 31. 1100 0 0 10 0 0 - Crown ••••••• • • • • • • • 14s. 50 0 0 5 0 0 11 Eagle •.• • • • Eng.& Scot. Law •• •• 5/. per cent. 50 0 0 212 6 - European Life ••• • • • 4% per cent. 20 0 0 All paid. - Family Endowmn t Soc. 4/. & be. 4 0 0 4 0 0 - Freemasons' .•••• • • • • 51. per cent. 20 0 0 3 0 0 2 G lobe ....... .. ••• • • • 61. per cent. Stock. - 115 guardian •..••• • • • • • • 51. per cent. 100 0 0 36 10 0 44 Imperial Fire •••• • • • • 12 per cent. 500 0 0 50 8 0 218 Imperial Life •••• • • • • 12s. 100 0 0 10 0 0 15 Indemnity Marine ... • 11. sh. & bs. 100 0 0 513 1 24,, Law Fire • - 100 0 0 210 0 - Law Life •••••• • • • • .. 11. ss. 100 0 0 10 0 0 44% Legal and General Life - 50 0 0 2 0 0 41 Os. London Fire ........ 101. 25 0 0 12 10 0 - London Ship ........ 10s. 25 0 0 12 10 0 13 Marine.. •• • ........ - 100 0 0 15 0 0 - Med. Invlid & Gen. Life 4%1. per et. 50 0 0 20 0 2% National Lean Fund.. 51. per cent. 20 0 0 210 0 - National Life• • •••• . -8/. per cent. 100 0 0 5 0 0 - Palladium Life 5l. per cent. 50 0 0 2 0 0 - Pelican • • • • - - _ 36% Pheenix ••••••. • • . • • • • 3/. p. sh. & bs. - - 154 Pt otector Lite- -• • . 54. par cent. 20 0 0 1 0 0 - Provident Life •••• • • . • 11. ss. 100 0 0 10 0 0 26 Rock Life. ... - Royal Exchange 5/. per cent. Stock. - 1623 Sun Fire . - - - Ditto Life 11. 6s. - - - Universal Life..... • - 10% pr cnt. 100 0 0 9 0 0 25 Victoria Life • - - 4 0 0 4 DOCHS. Dividend Amount Name of Company. 1 per of Paid. Price. Annum. Share. --. - X e. d. X e. d. Commercial • - - East and West India 6/. pr cent. Stock. - 120 East Country ••.• • • • - 21 London 51. pr cent. Stock. - 103 Ditto Bonds.. •.• • - 41. per cent. - - - StKatharine • • ... •• • 4 per cent. Stock. - 76 Ditto 80nd5...... • • 4341. pr cent. - - - Southampton •••• • • • • 2/. per cent. 50 0 0 50 0 0 - WATER-WORMS Dividend Amount Name of Company. per of Paid. Price. 1 Annum. Share. £ s. d. X s. d. Birmingham. ••••• • • • , 18s. 25 0 0 5 0 0 - East London... •••• • • • 81. 100 0 0 176 Grand Junction ••• • • • 21. 10s. 41 13 4 - 81 Kent ••••••••• • • • • • • • 37. 100 0 0 - 75 New R 55 ivr Lndn Brdge ' 21. 10s. - - Vauxhall - • ... ••• . • • j 5/. per cnt. 100 0 0 - 117 West Middlesex . • . 161.05. pr cut, 63 12 9 - GAS-LIGHT AND CORE COSI}2ANZES.__ Dividend Amount raid. Price Name of Company. per of 1 Annum. Share. --_--. - x, 0 . d. Z. s• d. British ••••••• • • • • • • • I/. 40 0 0 18 0 0' 16 20 0 0 19 2 0 1 22 20 0 0 Ditto Provincial .• Bristol ••••••• • • • • • • • 1 20 0 0 - 16 51. per cent. Brighton • • 1 0/. 100 0 0 100 00 ' 250 City of London .. •• • • 101.1pLer8csent. A share 50 0 43 37 10 0 ! - Ditto, New •••• • • • • -55. p r share 50 0 0 50 - l lss. Pr Continental Consolidat. 925. pr share 50 0 0 39 5 0 i quitable .••••• • • • • • • 0 0 , 36 6/. per cent. 50 0 0 50 0 /) i ~ Imperial • • • • • • • • • • •• 40 0 0 , 64 - 50 0 0 40 0 0 1 London. •..•••• • • • • " - 50 0050 0 0 Independent Ditto • • • • • • • • • • " • • ...... 5/. per cent. 50 0 0 46 0 Rateliff ..... Plicenix .••• • • • 0 29 50 9° 0 0 0 0 1 75 15 4 General 5 5 ° 0 (°) 0 10 0 0 1 10% Unite 3/, Westminster Chartered 12s. - S4U Ditto, New • • • • - • • • ,_,,,,...............,,_ Her Royal Highness the Duchess of Kent has s ignified her intention to be present at Mr. and Mrs. Charles Kean :s benefit at the Haymarket Theatre on Monday evening, and will occupy the adjoining box to her Majesty and Prince Albert. TIM IRON TRADE, —BIRMINGHAM, FRIDAY: The iron trade of this district is in a most depressed state. At a preliminary meeting of the iron -masters, held at Stewponey yesterday, it was resolved to reduce the price 303. per ton for the next quarter. IMPERIAL PARLIAMENT. 110 USE OF LORDS, June 30. ROYAL COMMISSION. Tile Royal Assent was this day given by com mission to the following Acts :—Great Yarmouth Freemen Disfranchisement Bill—Poor-houses (Ire land) Bill—Collectors of Cess (Ireland) Bill—Mid land Railway (Wellingborough Approaches) Bill— North Western Railway (Skipton Diversion) Bill— Aberdare Railway Act Amendment Bill--York, Newcastle and Berwick Railway Improvement Bill— North British Railway (No. I—Division of Capital) Bill—Kendal and Windermere Railway Act Amend ment Bill—Yale of Neath Railway Bill—Bristol and Exeter Railway (Glastonbury Navigation and Canal) Bill—Waterford, 'Wexford, Wicklow, and Dublin Railway Bill—Norfolk Extension Bill— Great Yarmouth Coal Duties Bill Lanark and lianaiiton Court-house and County-rates Bill— Oswestry Markets and Fairs RlM—East and West Looe Harbour and Bridge Bill—Barrow Harbour Bill —Derby Waterworks Company Bill Oxford Paving Bill—Liverpool Gas Light Company and Liverpool New Gas and Coke Company Amalgamation Bill—Brentford Gas Light Acts Amendment Bill— Brighton Gas Light and Coke Company Bill—Forth and Clyde Navigation and Airdrie and Con thridge Water Bill —Herculaneum Dock Company Bill—Bristol Docks Transfer Bill—Queensferry Passage Bill—Tyne Direct Ferry Bill—North of Scotland Fire and Life Assurance Company Bill—Patent Galvanized Iron Company Bill— Battle-bridge and Holloway Road Act Repeal Bill— Nantwich and Wheelock Turnpike Road Bill—Dundalk, Castle Blayney, Roads Bill—Hamlyn's Estate Bill. The Lords Commissioners were the Lord Chan cellor, the Earl of Shaftesbury, and Lord Campbell. Their Lordships then adjourned during pleasure. Their Lordships resumed shortly after Five o'clock. IMPRISONMENT FOR DEBT (IRELAND) BILL. This Bill was, after a few observations from the Mar quis of ULANRICARDE, read a second time. PETITIONS. The Earl of RADNOR presented several petitions in favour of the Health of Towns Bill. The Bishop of OXFORD presented several petitions with a similar prayer. The Marquis of LANSDOWNE presented petitions from the mayor, town council, and inhabitants of Bristol, from the clergy, from the whole of the members of the medical profession, and from all the directors of the board of guardians in the same city, in favour of the Health of Towns Bill ; also, similar petitions from Halifax and several other places. Lord CAMPBELL presented several petitions with a similar prayer. The Earl of EGLINTON presented several petitions against the Scotch Registration Bill. HEALTH OF TOWNS BILL. Lord CAMPBELL rose to move the second reading of the Health of Towns Bill. This was a measure that was more particularly for the lower orders of society. It might be most properly called the Poor Man's Bill.- -(Hear, hear.) It would not be doubted that many of the causes of disease were under the control of legisla tion; and he would briefly show the effects of over crowding, filth, and bad ventilation in two counties— one agricultural and the other manufacturing. In West moreland, taking a population of 10,000, twenty-three persons died of epidemic diseases, whilst in Lancashire the proportion was fifty-five to 10,000. In the former county the deaths from diseases of the respiratory organs were forty-seven in 10,000, and in the latter eventy three in the same number. Of those who died prema turely, that was between the ages of twenty and sixty, the number in Westmoreland was forty-nine and in Lan cashire sixty-eight. The Noble and Learned Lord then went into a comparison of the state of health in an agri cultural union in Lancashire and a manufacturing union in the same county—the union of Ulverstone and the union of Liverpool, which showed that the average rate of mortality was much higher in the latter place. In the union of Ulverstone, in a population of 10,000, 13 persons died from epidemic diseases, whilst in the union of Liverpool 75 persons died from the same causes. In fact he might safely say as to Lancashire, that, taking the average, every person there was cur tailed of nineteen years of his natural life. He would now state some of the good effects that had taken place from proper attention to sewerage, drainage, and venti lation. Every one must remember that formerlv the gaol fever often carried off judge, juries, and prisoners together ; but now, in consequence of proper attention being paid to t the health of gaols, the gaol fever was never heard of. The Noble and Learned Lord cited other instances of a similar character. The sufferings of the lower orders from the want of efficient sanitary measures had been very great, and had naturally at tracted the attention of the Government. Lord Nor manby in 1841, and Lord Lincoln in 1844, had brought the subject before Parliament; and finally, he was happy to say, his Noble friend, Lord Morpeth, had succeeded in carrying this Bill through the House of Commons. The Noble Lord the❑ went into an explanation of the nature and objects of the Bill, and concluded by moving that it be rend a second time. The Duke of BUCCLEUCH gave his cordial assent to the Bill, which he thought had been delayed too long. He did not think it desirable to include London in a general Bill applying to the whole country; but be re joiced to know that a Bill was to be brought forward applying to the city of London, and he hoped it would be soon brought forward. He thought more stringent powers should be required to carry out the Bill. The Earl of DEVON made a few observations, which were not heard in the gallery. Lord PORTMAN thought the country must feel greatly indebted to the present Ministry for bringing forward so excellent a measure—one which would be productive of the greatest good to the whole commuiiity. He regretted it was found necessary to add another rate to the kcal taxation of the country, which was already too high.—(llear, hear.) The people of this cou 3try were paying 20 per cent. on account of local tamedoia, under rates of various names. It would be a great 'aoora to them if all these different rates were consolidated and placed under one management.—(Hear, hear.) The taxation also was very unequal.—(Hear, hear.) Vario us kinds of property did not contribute their fair propor tion towards the burdens of the country.—(Hear, hear.) He knew that this subject was one of great difficulty, but it was well worthy the attention of the Government and of their Lordships. The Bishop of OXFORD begged to call the attention of the Government to the 74th and 75th clauses esf the Bill, which gave authority to the local boards to shut up burial-grounds within towns. They might do this for their own interests if they were proprietors of a burial ground outside the town. He would therefore suggest that the consent of the bishop should be obtained before they could do so. He also thought that the power gi ven to the local boards, with respect to the rights of the poor to parochial sepulture should be modified. He rejo iced that such a Bill had come to their Lordships' House s be bauae he entertained a deep feeling of its necessity. Lord REDESDALE hoped that sufficient time w ould be given to consider the Bill before it was committed, as it must be the object of all to make it as perfect as pos sible before it passed into law. The Duke of ARGYLL concurred in the opinion of the utility and value of a sanitary Bill. Ile therefore hoped its provisions would be extended to Scotland, as no places stood more in need of it than Glasgow and th© old town of Edinburgh.—(Hear.) Lord CAMPBELL said that the observations of the Right Rev. Prelate would be considered by the Govern ment. The same reason that existed for not applying the provisions of the Bill to the metropolis existed with regard to Scotland. The law of Scotland was different to the law of England; the same machinery did not ex ist there, and therefore a separate Bill would be required for that part of the United Kingdom. The Noble Lord was understood to say that at a future period he hoped a sanitary Bill for Scotland would be introduced. The Bill was then read a second tim o and ordered to be committed on Friday next. The House then adjourned. HOUSE OF COMMONS, June 30. The SPEAKER took the Chair at Four o'clock. REPORTS. The following reports were considered and agreed to: Leith Municipality and Police Trusts, Markets, Paving, and Sanitary Improvement Bill. London and Blackwell Railway (Connecting Branch, &c.) Bill. Crossford Bridge and Manchester Road Bill. With respect to the first, Mr. BERNAL intimated that , i n the ensuin g 80 scio n , he should propose a measure to bring within its scope all Bills of this nature relating to Scotland. The LORD-ADVOCATE co incided in th e li on. aGreisnetleirmemen'esueh a views, m and c onsidered that much good "w Quid Junction and Altrincham Railway. LORDS' AMENDMENTS. and Wolverhampton R '1 The Lords' amendments to the following Bins, were agreed to:— Yorkshi e Oxford,Cmh I e t) c t be reWorcester, veCemetery.rorc Southes t e r , Bills were read a second time:- -Increase of Capital). al way (No. I Wbitehaven Junction Railway, l e l o w a i n n d g SECOND READINGS. Acts and Regulat' ' r Railway (Amendment of ion of Capital) Newton's Estate, L a l ; c h a e s hfior EXTENSION OF REFR Mr. BROTHERTON presented petit O ion M s . from Salford in favour of Parliamentary reform. Mr. W. BROWN presented petitions from Manchester agreeing with the statements of the Prime Minister with respect to universal suffrage and vote by ballot, and praying that enactments to that effect might be brought about, but preferring the Charter. Mr. S. CRAWFORD presented petitions from Roch dale to the same effect. Mr. SCHOLEFIELD presented petitions from Wal sall in favour of Mr. Hume's motion. Mr. AGLIONBY presented family petitions, signed by ninety-nine persons, to the same effect. Captain PECHELL presented petitions to the same effect. Colonel SALWEY presented petitions from Man chester, complaining of lavish expeneliture, and in favour of Mr. Hume's motion. Mr. O'CONNOR presented 110 petitions in favour of the Charter. Sir B. HALL presented petitions in favour of Par liamentary reform. Colonel THOMPSON presented petitions from Wes ton and other places in Yorkshire, in favour of the Mi nisterial declaration that universal suffrage and annual Parliaments were preferable to household suffrage and triennial Parliaments, and praying for the former. Mr. HUME presented 67 petitions from different parts in favour of reform. BUSINESS OF THE HOUSE. Mr. E. DENISON gave notice of his intention on Tuesday next to move for a Select Committee to consider L Paid. Pric. rrice: i