Northern Times. — Liverpool, Merseyside, England, 1857-12-03 00:00:00

ST ATE OF THE COUNTRY. ttli 114 COMMERCIAL FAI LURE B. snsPension was announced yesterday of Mean. 411 C u and Co., of Londan and Liverpool, a b" e and well-known house, chiefly engaged in the : trade. The liabilities are estimated at about ' 4 , l 3° ' and the prospects of the liquidation will ultimately tc 4 P OI I the realisation of the stock of cotton in haLd amo unts that may be recovered on bills held upon h e h ai "se '• The firm hope to make such arrangements L, enable the m t o resume. A nnexe d is the circular :, 11 ,. Mark-lane, k i n - l f a o n r e m , y ti t w ith the depest pain we h lB Dec. th t a t, ii c e i d uenc e of e very severe and sudden losses, we are s h to suspend our payments. a te Placed our books in the hauls of Messrs. ; Ball an d C o ., w i t h i ns t ruc ti ons to pre p are a 4t of our affairs, and submit the same to our to, as soon as practicable.—Respectfully, t is „„ BERMANN COX AND Co. ""sPension has also been announced of Messrs. 4sd ft, Beer and Co., mercbants, connected with the ,000. 4 and continental trade, with liabilities for about d, THE CRISIS AT HANIBUROH. a ppears d a t e d .llamburgh, the Ist of December, rl h :PPears in all the Paris and Belgian papers, says : tik il ' e elaY 20 failures of important houses have been -esilcod here and at Altona. There is a general penic. brokers have failed. The Bourse is in dismay. ,11dise and scrip are without any fixed quotation. are discounted." ittssas. ROSE, HIGGINS, AND ROSE'S AFFAIRS. 411 serous meeting of the creditors of this firm was 4t Wolv er h am pt on on Monday af t ernoon. A state , the affairs of the concern was read, and a balance *la Submitted from Mr. Percival, accountant. It the total liabilities to be £72,501 lOs 23 ; of £44 ,473 was on acceptances, The assets were d at £29,417 15s 101; so that the deficiency was 4 3 1 33 41. The good debts stood at £5,438 ' and the bad ones at £6,216 163 4d. The it e f a "property" was £23,986 143 sd. Mr. Stubbs, ead - t he statement and balance-sheet, proposed a cern ih4 of 63 81 in the pound, 23 to be payable in Apti', . 4 ogust next, and the remainder in February, 1859. t : at °4 discussion, the proposal was declined (it is i n 73 61 was expected, without such delay with the ; and ultimately it was decided that the . 40 011 be wound np under bankruptcy, and that a k i a l g e r should be applied for to take possession. It • k s ° ageed that the household furniture of the head Itia k ta should be left untouched. A proposal to wind assignment and inspection failed, no one being 1 4 to undertake the responsibility. The members of till , have obtained protection u n d er th e p r i va t e arrange %uses of the Bankruptcy Act. 0 4 MEETING OF HA/CD-LOOM WEAVERS. 1 1 41 . °4 day, a deputation of hand-loom weavers waited 8 Worship the Mayor (hie M ickie, Esq ), at the ti; 11411 , Maneester, in order, as they stated, to bring notice of the Mayor, the great distress which now elli ong the class whom they represented. The e - as sured the deputation that he deeply regre tt e d th e 1 Which he believed they were suffering, and that he ea ramanicate with the guardians of the poor "? the representations that had been made to him, kligeggest that the guar Hans should be prepared to deal tally as the la w wou ld p erm i t , w ith th e a ppli ca ti ons ht tt er, whi c h wou ld pro b a bl y b e somew h at frequent degatt ?otattime to come. At the same time, he cautioned ion against supposing it necessary, when they kit t o make an y re p resen t at i on t o hi m , t o come d own 1Z)41 :1 -hall in large numbers, as any display of that ' 4ll l be rather calculated to interfere with the 0 of the mission. The deputation thanked his 1), and withd rew. We have h ear d t h at an open 4. . „ t leg had be en h eld i n Stevenson-square, at wh i c h 4 4 Potation was appointed, and that a large portion of Nil 4lt x !ing attended th e d eputat i on t o th e T own -h a ll , W ith t t l l ttd oteside t o l earn t h e resu l t o f t h e i r i nterv i ew 0 ‘ 4 sief magistrate. The number of outsiders was I kti nt ere ased in cons:quence of a bellman having been tiop a some parts of the city to announce that a depu 's3 going to wait upon the Mayor. After the ' the members of the deputation told the crowd, s afer teps of the Town-hall, what the Mayor had said; detigiving three cheers (whether for the Mayor or e s , tlt4 t l aa was not clearly understood), the crowd 11: 4114I tv OP TIER UNEMPLOYED IN MACCLESFIELD. I 8 4 trade shows no signs of improvement, but m t he reve rs e, an d th ere is le ss em pl o y men t i n th e ti e g4 u at this time last week. At the weedy meeting relief committee, on Wednesday last, the distri tlikt,de application for an additi nal supply of tickets pe'bution, w hi c h was gran t e d t o th e ex t en t it was t The funds would a'low, though not to the extent 4,4tessities of the poor called for. The weekly distri -4P to Friday night was-1,992 quarts of millr, 7,720 k ik ( 7 ,. 8 0 o p, 1,280 packets of tea, 24,613 ra ti ons o f tt~Rc. The committee regard the coming necessity N i ,, lP3 ing coal with much anxiety, fearful their funds bear that additional outlay. They have almost i l tZ lei Pated in their desire to open a subscription for object, by a very handsome donation from Ilibbert, of Hare Hill, in addition to a liberal to the relief fund. Another meeting of the N °3 'ed operatives was held on Thursday morning, to h i t te t tll) ° ,l the proceedings of the working men's com ittit YU a report of a deputation to the guardians was i tt4 a, and the financial position of the c-mmittee 4 ttli ttt i. It was shown that the increase of applic ;lions tr Was cotemporaneous with the extension of short e°rlaplaint was made of the distribution of soup t m°se partially employed receiving as many as : °II Y out of work, and the funds becoming nearly l k ,"s : ed . Instead of the present daily distribution of ,tickets, 5,000 would not adequately meet the i te hrit. At th e board of guardi a ns th e d e p u t a ti on ttl.lPut in communication with an inspector from the Board, ti whom they reported that, lying (141 ' 1( I to sedentary indoor occupation, breaking Id: 4 the road was too severe a labour ; but they t ' b at Object to agricultural labour, judicially intro , lighter work at first. For those unable to do ( i leet," t ir, oakum-picking was suggested ; and the o ko, Promi se d to re p r esent tbeir desires to the Poor : 41 . The only resolution adopted was one of Otti those who had contributed to the relief fund, Il kt , t their continued, and, if possible, increased -**-11- acelesfield Courier. Ye% SOUTH STAFFORDSIIIIIII. %: eC itiellee of the stoppage of the Wolverhampton lii "dshire Bank, several of the shopkeepers and kt tpti ir acturers, who had depoei's or balances in the h e 'etetofo re available for carrying on their business, ‘ l /ts :r ti compelled to close their doors, and a great Oftf li e 41. e mc , alcin arrangements to take the benefit of k i l lt di; t te " Act. In a week or twn it is expected that I til li tit tl b te " will prevail in the torn' in consequence of l a e t r i c f hands that will be thrown out of employ 'ilia district there are at least two doz 3n furnaces lh -4FI and this numb'r will be doubled before the 4 "er . ° 1/ • ii °iti t ° ll - I ° . wing iron and coal masters are gradually 04. etr establishments :- 4r tuli n'ton C Wolverhampton.-300 men t er/. omp •j, L V P i tt W N e tos s4 4- 4) Dudley.—Several furnaces stopped, coal 1d by 2 n d men noticed that their wages would be I t P.ll 0 Per cent. d eer s Dudley. —Two or time furnaces blown out t. n, Dixon's Green, Dudley, is putting out his L t. 8 . 131ac kyre11.—Notice to men of a reduction of 20 per cent. on their wages, and that others will be put on short time. Woodall and Smith, Windmill End, near Dudley, are putting out their furnaces. Mr. Cochrane, Dudley, has discharged about 100 men within the last month. British Iron Works.—Three furnaces blown out. Mr. Jones, near Walsall.—Three furnaces blown out, and eleven pits stopped within the last three weeks. Hatherton Furnaces.—Two about to be extinguished. Mr. F. C. Perry.—One furnace stopped at Ringhead. Morris and Son, Tiptoe.—Stopped payment on Wed nesday last. Works expected to close. Rose, Higgins, aid Rose.—All works on THE NORTHERN TIMES.---LIVERPOOL, THURSDAY, DECEMBER 3, 1857 FAILURE AT WISBECII. A reeling of gloom pervades Wisbech, in consequence of the announcement that Mr. Henry Morton, one of our leading corn merchants, had issued a circalar informing his creditors that he had, for the present, suspended pay ment. The suspension is attributable to the failure of a large firm in London. From the event of Mr. Morton's transactions, it is feared that the liabilities are to a large amount. Mr. Morton has always conducted his business in a most honourable manner, and from all we have heard this untoward event will present no exception. It is apprehended that this event will deprive the borough of Mr. Morton's services as one of the aldermen, a permanent magistrate, and a Nene Valley commissioner.—Stanaford Mercury. WEST DERBY GUARDIANS. The usual weekly meeting of this Board of Guardians was held yesterday at the Board-room, Mill-lane, Everton. Mr. H. Edward", the deputy-chairman, presided. The other Guardians present were Messrs. Shaw, Richmond, Pitts, Medcalf, Tattersall, Roscoe, Lunt, Abrahams, Ledger, Parkins, Sagar, I. Edwards, Roberts, Stone, and Wensley. The Master of the Hospital reported that last week there were 679 paupers in the house, since when 40 had been admitted, 37 discharged, and four deaths ; this week there were 678, of whom 371 belonged to Tosteth Park ; and for the corresponding week of last year there were 660. The Master of the Hospital also reported that the number of patients under his care was last week 101, this week 115, of whoa 38 belonged to the Pak. Cheques to the amount of £lB6 were vot.ed for tie relief of the out-door poor. The business transacted was purely cf a routine character, and not of the slightest public importance. SEPOY ATROCITIES. At the c'ose of a lecture delivered in London by the Rev. F. F. Statham, on " our Indian Empire," the Earl of Shaftesbury, who presided, made a few remarks on the present position of affairs in India. He thought there had been an undue reserve in making known the atrocities committed by the &Toys, for by them we should know the character of the people with whom we have to deal. "It is only this very day," said his lordship, " that I have seen a copy of a letter written and sent tc England by an officer of rank, who was one of the e first that entered Cawnpore a few hours, or perhaps, only one hour, after the perpetration of the frightful massacre which was enacted there ; and, think of the description he gives, and what was seen by the whole soldiery, and you will not wonder at the exasperation that was felt by every man among them who bore the European name. Oa arriving at Cawnpore, lie stats—and he can seare.ly permit himself to write the sad story—that, to his unutterable horror and dismay, he saw a number of European women stripped stark naked, lying on their backs, fastened by the arms and legs, and there many of them had been lying four and five days exposed to a burning sun ; others had been more recently laid down ; others again had been actually backed to pieces, and s 3 recently that the blood which streamed from their mangled bodies was still warm. He found children of 10, 12, 13, and 14 years of age treated in the same horrible manner at the corners of the streets and in all parts of the town, attended by every circumstance of insult, the most awful and the meat degrading, the most horrible and frightful to the concep tion, and the most revolting to the dignity and feelings of civilise.' men. Cawnpore was only a sample of what was perpetrated in various parts of that vast region, and that with a refinement of cru-lty never heard of before. Women and children have been massacred before, but I don't believe that there is any instance on record where children have be:n reserved in cold blood to be most cruelly and anatomically tortured in the presence of their horrified parents More being finally pat to death. Can you wonder, where such a religion prevails as that which has been described to-night by my rev. friend, that the people should prove worthy of their tuition when the opportunity occurs of developing its fruits ? The character of the Hindoo religion is to defy Every passion, every propensity, every moral sin, and every physical abomination. TOXTETH PARK GUARDIANS AND JOBBERY. TO THE EDITOR OF THE NORTHERN TIMES. Sir,—l see by a report of the proceedings of this body that the architect is to furnish plans for inspection to day (Thursday). Now, it seems to me, that our friends who are complaining, and justly so, of the waste and extravagance in providing a workhouse larger than is needful for present exigencies, have forgotten to inquire how it is fiat one individual architect should be chosen out of a community like Liverpool? Does it not remind one again of the appointment of Registrar? Why not let the affair be advertised, and ail have a chance . . By so doing the various improvements and suggestions of varied talent would, probably, conduce to the saving of the money of the rate payers, and the providing of better accommodation for those whom it is our bounden duty to protect. The policy of the majority of the Toxteth division of the West Derby Board always was to have a big house, and it is because of that policy that the rates have been wlnit they are. Hoping this may meet the eye of some ere too late, and that we may have equal chance and fair competition in this matter, .[ remain, k%, A HATER OF HUMBUG IN TOSTETII. The Times speaks confidently of the launch of the Leviathan being immediately accomplished. More than enough force will be at work to day to push her acoss the river if necessary. The following troopships for India are reported :—The Sydney (e s.), arrived at Calcutta on the 23rd Oct ; the steamer Adelaide, at Simon's Bay, on the 7th Oct.; and the Medina, at Colombo, from Kingstown, on the 17th October. DENIM OF MR. HINDLEY, M P.—We have to record the death of the above gentleman, who expired on Taesday morning, at his residence in Westminster. Mr. Hindley Vi AS member for Ashton-under-Lyne, and President of the Peace Society. The suspension of payments by the house of Huber and Cramer has spread a general dismay on the Bourse. The disastrous consequences are not to be calculated. There have been twenty other failures in a Single day ; many of them of firms of high credit. The panic is general, and several stock brokers have defaulted. There is no quota tion of stock or shares to be reported. CAPTURE OF A GANG OP BURGLARS.—On Monday morning, about half-past one o'clock, Mrs Sellars, the landlady of the Volunteer Inn, Kirkgate, Wakefield, was awakened by hearing some persons apparently moving about in the lower part of the house. Being too fright ened to go down stairs, she jumped out of bed, threw open the window, and screamed out for the police. Fortunately at that time the constable of the beat was p esing. Mrs. Sellars told him to go 'to the back door, as she believed it was there she heard the noise. The constable ran up the yard, and found the back door burst open, and likewise the bar door, 'out saw nothing of the burglars. Mrs. Sellars then coming down stairs, found that the bar had been swept of a number of bottles of spirits as well as glasses and decanters. The money she had taken out of the bar before going to bed. The constable having sprung his rattle, and procured the assistance of three other officers, they began to search the houses in the yard. During this time a man, named Frank M'Gorty, stood at the door of the house ; but the moment he saw the additional constables arrive on the spot, he went iu and hastily shut it. The officers demanded admittance, which he refused, but on their threatening to break the door open, be allowed them to enter. They here found his brother, Thomas M'Gorty, a man named Michael Caveney, and a woman named Catherine M'Gorty. There was a strong smell of ardent spirits in the room, but all the parties denied any knowledge of the robbery. After searching for some time the police were nearly baffled, when one of them pulled up a grating under the fireplace, and there found a number of the bottles, labelled gin, rum, and brandy, which Mrs. Sellars at once recognised as her property. The whole gang were at once taken to the police office. TOWN CO UN CIL. The ordinary monthly meeting of the Town Council was held yesterday, at eleven o'clock, in the Town Hall. The Mayor, James Holnie, Esq•, presided. Bsfore the commencement of the business— Mr. HAYDOCK said : Since the last meeting Of the Council, his name had been brought before the public in consequence of his absence from that room, on the 9th of November. He had to state, that for five days before the 9th of November he was confined to his house, and during the greater portion of that time was confined to his bed. Were gentlemen to come down at the risk of their lives—to leave their beds to come down and record their votes, and, if no', were they to be subject to libellous remarks from certain gentlemen in that room, and likewise out of doors? He should hope not. He would yield to no man in his attention to the duties of his office either in that room or in committee. He hoped these few remarks would be taken up by gentlemen, in order that they might be more cautious in using expressions, and coming to foregone calculations relative to gentlemen's absence from that chamber. If he had been present on the 9th of November, he should have recorded his - vote in favor of Mr Preston, not that he doubtod the ability of the present Mayor to fill the ehair, for he was satisfied that that gentleman would not only fill the chair with ability, but would deal out even handed justice to all parties. With these fa w remarks he would let the matter drop, throwing back, at the same time, upon their authors the scurrilous remarks with all the indignation which they deserved. FINANCE COMMITTEE. The proceeiings of this Committee contained tho fol lowing:—Recommendation to make a contribution of £lOO for the present year, towards the establishment and maintenance of an office in London, on the principle of that conducted by the late Mr. Wainwright; provided that the details in connection therewith are arranged on a satisfactory basis, so as to be most available for the assistance of the Boroug's Members, and the gene-al advantage of the inhabitants. Recommendation that the discretion given by and contained in the Act of 7 Wm. 4, and 1 Viet., cap 19, as to the appointment of an Assistant or Deputy. Recorder, should at the next sessions be exer cised by the Recorder. Report of the Town Clerk, Sur - veyor, and Treasurer on the Income and Expenditure of the Corporation, distinguishing what is obligatory and what discretionary, with reference to the operation of the Mersey Docks and Harbour Act, 1857. Mr. HOLME remarked that the report last referred to was a very lengthy document, which it would take about two hours to read. It would have to be printed - and distribtoed, and he would therefore leave it to the Council to say whether they would have it read. Mr. STRAINS said, as it was a very important document, upon which many works would depend, he moved that it be printed at once, and a copy sent to every member. Mr. HOLME said it would be utterly impossible, even for those acquainted with the subjects, to carry the enormous amount of details and figures along with them. It would have been very mach better in his opinion, to have re served it until the Ist of January, when they could have had actual statements of amounts, in place of mere estimates, as in many instances at present. Mr. STEWART did not know that any works depended upon the statements in the report. On the Ist of January, instead of giving estimates of several amounts of receipt and disbursement, the actual figures could be laid before the Council. One part of the report was certainly very important to be known now—that was, the effect of the late act of Parliament upon /le whole of the Corporation business. In an official point of view, the whole revenue of the town dues, set forth in the report, was a mere estimate of what probably would be received from the Ist of September to the Ist of January. When the Ist of January came, the Council would know every penny of it Many other items of disbursement and receipt were now only conjectured, whereas they would be known exactly in January. Now, they ware at present in the month of December—the report probably would not be printed for a fortnight, and the question was, whether it would be worth while to incur the expense, when in January they could have all the figures accurately and exactly stated. Mr. STRAINS said he did not mean that the business of the town would bo actually at a stand still, bat there were certainly some important qu Estions which could not be moote I until the details of that report were laid before the Council. He had reason to know that it was one of the most important reports which had ever been presented to the Council, and he, therefore, should press his motion that it be print el. Mr AIKEN also urged that the report should be printed. Mr. STEWART said he had no objection whatever to the report being printed, except as regarded the quesbion whether it would not be well to wait until January, fnr the reasons he had stated. He had no wish whatever that the information contained in the report should be withheld from the Council ; on the contrary, he thought it should be made known to every member. The TowN CLERK explained that there were two pars of the report—one part showing the effect of the Mersay Con servancy Bill ; and the other contained each item of the Corporate expenditure for the past year, showing what were obligatory and what were discretionary. The report itself was not so long. It was the mass of figures which made it long, with which it would not be necessary to trouble the Council at p - esent. The question of the est . - mats of the income was only contained in one Digs—in fact, in two or three figures. It was agreed that the rap)rt s'iould be printed. The following is the Town-Clerk's REPORT. In accordance with a Thsolution of the Finance Corn mitten, the Town Clerk, Surveyor, ani Treasurer, s the foLowing Report " on the Income and Expenditure of the Corporation, di3tingnishing what is discretionary and what obligatory Expenditure, under the Munieip I or other Public or Local Acts, with reference to the altered cireurns'ances of the Corporation, under the operation of the Mersey Docks and Harbour Act, 1857." In considering this subject. we have gone over every item of the Arc nulls of the Treasurer for the last financial year, ending 31st of August last; and we have added opposite to each item such marks as we judged would be necessary to give a full explanation to the Committee. But that the matter may be better understood, we think it desirable to notice the principal Enactments of the "Mersey Ducks and Harbour Act-1857," so far as that Act affects the financial position of the Corporation. Under the head of " Transfer of Property to Board," it is enacted by section 26 " that all such Estate and Interest in the Docks, Buildings, and other Property, both real and personal, situate at Birkenhead or elsewhere, as are transferred, or are intended to be transferred, to the Corporation of Liverpool, by the " Birkenhead Docks' Act, 1855," shall upon and after the first day of January, 1858, vest in the Board, but subject to all charges and liabilities affecting the same." The E ita'e and Interest in the Birkenhead Property, transferred to the Corporation by the Birkenhead Docks' Act, 1855, consisted of the Estates and Property then vested in the Trustees of the Birkenhead Docks, and in the Birkenhead Dock Company respectively. That of the Trustees comprised all tLe Docks, Lands, and Buildings of the Trustees ; and that of the Birkenhead Dock Company, all their Works, Lands, and Buildings, Materials and Effects, including the property • known as the Her culaneum Estate. The principal part of the property of the Company was the Land on the south side of Wal lasey Pool, with the warehouses and building thereon erected. This Property was hell by the Company under Lease from the Corporation for 75 years, from the 31st day of Oetbber, 1848. The same Estate and Interest which the Co-poration acquired in these Docks and Property under the Act of 1855, and no more, will now pass to the new Board, and the Corporation will continue the owners of the reversion of the leasehold portion of the Property. Section 27. Transfers to the new Board, but subject to all charges and liabilities affecting the same. All such Docks, Lights, Buoys, Lands, Buildings, and other Pro perty, both real and personal, situate at Liverpool or elsewhere, as are held by or in trust for the Trustees of the Liverpool Docks, under, or in purrivance, of or for the purposes of any of the Liverpool Dock Acts. By section 28 the Landing Stage for sea-going steamers, 1,143,000 0 0 194,670 0 0 1,337,670 0 0 in front of the Prince's Dock, is required to be completed by the Corporation at their own expense, so that the same may be ready for traffic, and the same, if nO completed, on the I,t day of January, 1858, is vested in the Board, or if not then c =pieta, shall vest in the Board from and 11er the completion thereof ; and it is directed that the. Stage shall for ever thereafter be maintained by the Board in a state of efficiency, and in the situation where the some is now being cmstruc'ed. Since the passing of the Act this stage hos been com. pleted at the cost of the Corporation, except as to a few details now in course of completion, and was opened for traffic on the Ist September last. The cost of manage ment is now borne ..by the Corporation, bat upon and after the Ist of January next, will be borne by the Board. By section 29, the Liverpool Observatory, with its instruments and appurtenances is from and 'after the Ist day of January, 1858, tested in the Board, who are to maintain the same in a state of effioiincy. All charges in respect of this establishment, and heretofore borne by the Corporation, will from the lst,of January next be borne by the Board. By secion 30, all powe , s, rights, and privileges, vested in or exercisable by the Corporation, the Liverpool Dock Trustees, the Liverpool Dcck Committee, or any of such authorities, under or in pursuance of, or for the purposes of any of the Act 3 mentioned in the Schedule, and not inconsistant with this Act, are from and cfter the Ist day (.1 Janua'y, 1058, vested in, and to be exereisel by the Board. The Sc'iedule comprises the several Aes rela'ing to the Liverpool Docks—the Birkenhead Dock Trustee's Ats, and the Birkenhead Dock Cunpany's Acts, and consequently all powers, rights, and privileges by these Ac's, or any of them, vested in or exercisable by the corpoTation, the Liverpool Dick Trusters, or the Liverpool Dick Com mittee, will, from and after the first day of January next, be. exercisable by the Board. This enactment (inde pendently of other provisions of the Act, whic't it is not in this report considered necessary specifically to refer to) would deprive the Council of the appointment of any members of the Dock Committee, or of any power r f confirming or annulling any of the proceedings of the Board or of its Committees. By S etion 31, all such speweis of licensing and reeu lating Pilots, and of fixing pilotage rates, as are vested in the Commissioners, under the Local Pilotage Act, 5 Geo. 4, and all the property held by or in trust for those Commissioners, end all other powers, rights, and privileges of those Commissioners, are, from and eter the Ist day of Januar/ next, to be vested in and excercised by the Board. This sec ion seems to have been framed upon a miscon ception of the powers and duties of ttte Commislozers appotntsd under the Act, as distinguished from the Executive Committee, by that Act:directed to be appointed, and by which committee the duties of licensing and regulating pilots is and has been performed. So far as respects the Corporation. the only effect will be to render it unnecessary fer the Council to appoint annually 41 of its members to be Commissioners, and whose duties were confined to electing qualified persons to supply vacancies on the Pilots' Committee, as such vacancies, from time to time, arose [See Act] By Fection 33, all such rights and privileges of ap pointing a Water Bailiff, and of removing sunken vessels, and all such powers of exercising jurisdiction ever the navigation, or in respect of the conservancy of the river _Mersey, as are now vested in or exercisable by the Corporation, and all obligations and liabilities of the Corporation in relation thereto, or in relation to the Wallasey or Leasowe Embankment, are from and after the Ist day of January, 1838, be transferred to the Board ; and by Section 34, so much of the salary of the acting Conservator, appointed by the Con servancy Commissioners, as is now paid by the Corporation, and 01l other expenses that are now incurred or payable by the Corporation, in respect of the Conservancy of the Mersey, are from and after the Ist day of January, 1858, transferred to, and to be 'some by the Board. The effects of these two enactments is that the Corpo ration will cease to appoint or pay a Water Bailiff—to pay any expense for removing wrecks or other obstructions to the navigation, or otherwise in relation to Conservancy —to appoint Commissioners tinder the Wallasey Embank ment Act—and to pay the amount of rate (£1,661 4s 31. per annem) by that Act directed to be paid by the Corporation. The cost of removing wrecks, varied according to ci(- cumstances, and the number of casualties which occurred in the port, section 35 vests in the board all the estate and interest of the Corporation in the North Reserve, subject to all covenants, agreements, and conditions affecting the same ; and section 36 enacts that the compensation t 3 be made by the board in respect of the North Reserve, shall be the sum of X 127,000. The North Reserve is not part of the property which was vested in the Birkenhead Dock Trustees by the passing of the Birkenhead Docks' Act, 1855. It became the property of the Crown, as havieet been reclaimed from. the shore, and in the year 1852 was agreel to be sold by the Crown to Messrs. Pollard, at or for the price or sum of £50,000, payable by the instalments following, viz , the sum of £9,t - .00 on execution of the contract, together with the further sum of £22,000, to be paid and applied by the Commissioners of Wools, when, and in such manner, tee they should think proper in discharge of their liability to pay the same, imposed on them by the Birkenhead Dock Trustees' Act, 1850, subject to a provision therein contained as to the investment thereof until the stme should be paid and applied; and the residue of the purchase money by yearly instalments of £6,000 each, the first payable at the expiration of three yeas from the Ist of May, 1852, with interest . at the rite of £4 per cent. per annum. The itnpoeanee of poseessin,,g:this property for the full development of the Birkenhead plans was apparent, end accordingly the Corporaticn purchased from M~. Smith his interest in the property, end became bound to the Crown to ftffi.l his .o'olig itioas. The amount then paid under the agreement to the Crown by Messrs. Pollard, or by Mr. Smith, at that time, was (in addition to the £22,0011) the sum of £15,000, including the first yearly instalment of £6,000, and conssquently there remained due and payable to the Com— missioners of Wbods, &c., on the let of May, 1855, the sum of £45,000 only. Mr. Smith, claiming under Messrs. Pollard, on the 17th Oct., 18.55, transferred the con tract to the Corporation, subject to the payment of the futenre yearly instalment, at or for the price or sum of £55 000 'there now remains owing to the Commissioners of Woods the SIMI of £33 000 only, exclusive of interest. The 36th Section, therefore, proneeds to nee that the £127,000 shall be applied as follows : —lst. In paying to the Crown the balance of pt-chase-money aed interest ; 2nd. In payment and satis'ection of all prcuniary ineurnbra::ces, if any ; and 3rd , ly., in paying the balance to the Co..poration. There are no pecuniary ineumbrances affecting this property, and, therefore, after payna nt, of the remaining instalments due to the Crown, the balance will be payable to the Corpora tion. The section contains a proviso that until the eym pensation b 3 paid it shall not be lawful for the Board to take or interfere with the North Reserve; and that unless the sum of £127,000 be paid to the Corporation within two months of Vie Ist Janteiry, 1858, the timotint shall bear interest after the rate of £4 per cent. per annum, from that date (Ist January) until the same be paid. Sec ion 38 directs that the Board shall pay to the Cor poration on or before the several days mentioned in the 4th part of the schedule the several sums specified in such schedule ; and that !he Corporation shall apply the several 6 . 11113 ree,eived by them under this enactment, in psyment of the several sums owing or to become doe as specified in the said schedule. Under the Birkenhead Docks' Act, 1855, the Corpora tion were required to issue to the Birkenhead Thck Trustees, and Birk nhead Dock Company, Booth, under their common seal, for the aggregate amount of £1,143,000, which Bonds have been issued, and, with the interest thereon, are now a charge on the Borough Fund. The Bonds are of different classes, bearing interest at varied rates, and are payable at different perods—the last being payable in July, 1865. This schedule shows the dates when the principal and interest respectively fall due, and by the above section the Beard are required to make payment to the Corporation on or before those dates of the amounts required. The following is a copy of this part of the:schedule : STATEMENT showing the amounts payable by tin Corporation of Liverpool for principal money and interest in respect of bonds delivered to the nominees of the Birkenhead Dock Trustees and the Birkenhead Dock Company, between the 23rd January, 1858, and 23:d July, 1865, both dates inclusive. Snm total of Prin. cmal and In!erest. s. d. 13 930 0 0 133,931 0 0 11,430 0 0 11,430 0 0 15,895 0 0 15,895 0 0 15,895 0 0 143,895 0 0 13,395 0 0 4",9,95 0 0 8,930 0 0 8,930 0 0 8,930 0 0 8.00 0 0 8,930 0 0 455,430 0 0 1858, Jan. 23 , July 1859, ' Jan. ~ July 1860, Jan. " July 1861, Jan. July 1862, J n. , July 1813, Jan. July 1864, Jan. , July 1865, Jan. Pt July Section 38 provides, that if the Board shall make default in paying, or providing for the principal and interest on the eaid bonds, or any of them, on the days of payment Ithereof respectively, and sh a ll not, on d eman d, repay to the Corporation any monies which they may have repaid in respect thereof, the Corporation may recover the am unt so paid by them, with interest, in an action against the Board, as for money paid for their use, tied in addition, and without prejudice to such right of action, may re-enter on any property at Birkenhead by this Act transferred to the Board, and may hold the same until such amount, with interest at the rate of £4 per cent, and all costs incident to the entry and holding have been paid. Section 39 directs that the Board shall also repay to the Corporation all such monies as they shall have bona fide paid or expended before and up to the ht January, 1858, or shall have been compelled, after that data, to pay and shall have paid, either in the payment of interest on the Bonds delivered by them as afo-esaid, or in respect of works executed by them upon any of the Birkenhead Docks or property transferred to the Board, er otherwise howsoever in the bona fide execution of the powers and provisions of the Birkenhead Docks' Act, 1855, or in the performance of any obligation or duty thereby imposed upon the Corporation, together with interest ther2on at the rate of £4 per coat. per annum from the respective time of payment thereof, until payment by the Board, and an account of the modes so paid and expended by the Corporation, signed by the Town Clerk, shall be delivered to the IS ou'd within one month after its appoietnient, or sa soon thereafter as practicable, and if stich account be disputed by' the Board, the same, or so mu 1 thereof as shall be disputed, shall be settled by arbitration, end the amount agreed cn or settled shall be paid by the Board to the Corporation on or before the l stJanuary, 1859, and in default may be recovered by action, or the Corporation may re-enter upon any property be the Act transferred to the Board, and hold the same until payment, with interest at 4 per cant. and all costa. By Section 40, the Board are to pay to the Corporation the sum of A'1,500,000 in consideration of the relinquish ment and transfer of their existing rights to the pecceation of the Town and Anchorage Does, and of the transfer of the Landing S'aee and Obsarvatory, and such payment is to be made by fifteen equal half-yearly payments, on the let day of January and lot day of July is each year, the first pay ment to be made on the first day of July, 1858; and, in addition, the Board shall on each of those dais pay to the Corporation interest on the one million and a half, or on so much thereof as for the time being shall be unpaid, at the rate of £4 10s. per cent. per atrium, and the Corporation are directed to pay and satisfy the holders of the Burls ieseed by the Corporation upon the credit of the Borough Fund, and nn' charged on the Liverpeol Water Account, or in this Act otherwise provided for, as and when the same respectively become due, and to indemnify the Board in respect thereof, with power to the Board to deduct any amount they may have paid in respect of any Band from any future payment, or to recover the amount from the Corporation by action. . By section 41 the sum of £1,500,000, and interest thereon, is declared to be a charge upon the general revenues of the Boa:d. As a farther protection to the Corporation, it is enacted by section 42, that if there shall at any time be in arrear to the Corporation from the Board, in respect of any of the monies by the Act made payable by the Board to the Cor poration, a sum equal is £lO,OOO, and the B - ,ard shall not within two months after demand pay, or satisfy the same, the Corporation may enforce payment by the appointment of a receiver, but without prejudice to their right to recover in any other manner. But it is provided that the appointment of a receiver, and the powers to be exercised by him, shall not affect or disturb any charge created by the act in favour of the specially creditors, but such powers shall be exercised subjt et thereto. This proiiso, as to specially Creditors, refers to the existing Creditors of the Liverpool Dock Estate, on Band, or oiler specially debt, for whose protection it is provided by the 67th Section, that the Board are to keep separate accounts of their receipts of rates in respect of the exiting Liverpool Dock Estate, and such Creditors shall have the same claim against the estate and the rates levied in respect thereof in the hands of the Board and against the board, as they would have had if the act had not passed, and such claims shall, to the extent of the present net revenue, have prioriv over all other charges created, or hereafter to be created under the act, and the board are precluded from reducing the revenue, applicable to the payment of such bend debs, to below the amount of the net revenue, or in the event of such Wads being paid off below such amount as will bear the same propertion to the existing bend debts for the time being unpaid, as the net revenue bears to the existing bond debts unpaid at the passing of this act. By the 43rd section it is provided, that all debts and oblige ions inearred, all contracts en erect into, and all matters and things engaged to be done by, with, or for the Corporation, the Liverpool Dock Trustees, the Dock Committee, or the Pilotage Commissioners in respect of any property, &c , transferred to the Board, shall he deemed to have been incurred, entered into, or engaged to be done for the 13)ard, and may be enforced accordingly; and by the 46th section, all act ons, suits, and other proceed ings aeainst the Corporation in respect of any matter done or omitted, o: so alleged, in the bona fide execetion of the powers and p r ovisions of the Birkenhead Docks Act, 1855, which shall be pending on the Ist day of January, 1858, shall not after that day be c Arlene,' as against the Corpn ation, but may be continued against the Board, upon the entering of a suggestion, or by an order of a jedge ; and no action, or suit, in respect of any such m 'tier, shall, after , he let day of January, 1858, be commenced against the Corpration, bat may be commenced or instituted against the Thud, and judgment or decree may be, pronounced against the Board, in any such action or suit. All bcels and papers relating exclusively to matters by the Act transferred to the Board, are t s bo delivered to the Board, or to such person as they may appoint, and the Corporation are required to produce to the B card, at their expense, such books, papers, and writings, ie their possession, necessary for establishing the title of the Board to property, powers, or rights transferred to the Board. It will be seen that the effects of these enactments, as affecting the Corporation, are as follows :- Ist. As to the Birkenhead Properziervested in the Cor poration, uni!Er the Birkenhead Docks Act, 1855. I.—That these properties' vest in the Board, on the Ist January, 1858, and that the Board shall provide the Corporation with the Funds necessary to pay off the several Bonds given by the Corporation, for the £1,143,000 now charged on the Borough Fund, in respect of these properties. 2.—That the Corporation are al o to be re-paid, with Interest, all sums they have expended as Interest ortißond, , , or on C,:nstruction of Works, or otherwise, in bona fide execution of the powers and proviiions of the Act of 1855, which will include the east of applying to Parliament far new powers, as directed by that Act. 3.—That all actions an I suits by or against the Carpo • ration, in relation to matters arising under the Act of 1855, are to cease as regards the Corporation, and be carried on by or against the Board. 4.—That the North Reserve shall also he transferred tl the Board on imprint of the sum of £127,00 , ), ont of which the CorporWio . 1 are to pay the remaining ins'ahtents to the Crown es they accrue. These instalments amount to the sum of £33,000, The Clrperation have already paid to M. Smi h the sum 0f5,55,000, and to the C:ovn the sum of £12,000, and the balance, about £27,000, will be the property of the Carparation. 2nd. As regards the Town Thies and Anchorage, and the general Bond Debt of the Corporation. (a) —That from aild after the Ist day of January, the Corporation will cease to receive the Town Dues and Anchorage. (6) —That the Corporation will, from that day, be re lieved from any payments in respect of the office of Water Bailiff, and the removal of Wrecks and other Conservancy Expenses, including the payment now made annually to the Conservancy Commissioners of two-thirds of the Conservan cy Fund usually, and as a maximum, £4OO per annum ; and also from the liability created under the C oslservaucy Act, to indemnify the Commissioners Uom the cost of a.-.y legal proc,'edings consequent upon acts done by their authority, from the cost of maintaining the Observatory and the new Landing Stage. The annual cost of the North Stage, for which the new stage is a substitute, has averaged £940 ; aed the cost of maintaining the new stage, upon the scale recommended by the Dock Committe, and now in operation, is estimated at per annum, exclusive of interest of money on the outlay fir construction. (o)—That the Corporation are to receive from the Board the sum £1,500,000, as compensation for the transfer of the Town Duea and Anchorage, as now vested in the Cor poration, and for the Observatory and Landing-star, such sum to be paid by fifteen equal half-yearly payments, com mencing on the Ist of July next, and bearing interest at the rate of 41 per cent. on the amount, from time to time unpaid. This period was fixed in the Act in order to prevent undue pressure on the funds of the Board, and, at the same time, to avoid the difficulty in whici the Corpora tion might have been placed had these payments not been made within such period as would have enabled them to pay off the bond creditors on the borough fund, other than the Birkenhead bands, otherwise provided for. The bonds are not current beyond , he term of seven years It will also be observed that the instalments received are to be applied in paying off the bond debt, now amounting to £1,137,932 15s Id, the annual interest of which amounts to £50,662 16s sd. When this debt is discharged the balance of the £1,503,000 must be invested, and the income arising therefrom will form part of the Borough Fund. The interest on the £1,500,000, or on so much thereof as may be from time to time unpaid, willalso form part of the Borough Fund or income of the Corporation, The following statement (A) shows the amount of bond debt falling due in each year up to 1864 inclusive ; and the statement (B) the amounts payable to the Corporation by Principal Money 125,003 0 0 125,000 0 0 446,500 0 0 446,500 0 0 Intere4. Z s. d. 13,930 0 0 13,930 0 0 11,43) 0 0 11,430 0 0 15,895 0 0 15.895 0 0 15,895 0 0 15,895 0 0 13,395 0 0 13 395 0 0 8,930 0 0 8,930 0 0 8,930 0 0 8,930 0 0 8,930 0 0 8,930 0 0 t he Boird for priocip Payment : wOOO , ,OOP' woo: ooc 00 oo oo ca ocso oop wa •—• cia ID 140 C 43 • IC: •-•• C. 4 --1 I c. o. 0. •-. . 4-4 • '-.'-' co co •-• c. o wow, oc P. , I 4* 01 m O Se 5 w I- I~ ~~ (B.) STATEIIENT—Showing the Amounts payable to am Corporation of Liverpool by the Mersey Docks az& Harbour Board, as considemtion for transfer toy of Town Dues and Anchoraf,??, with Interest thereocr. Date of pay- Intereit. San totaloarcir, ment. 'Principal 'Money. at 4i pe cent. iclpal & [emit. se B. d. s. d. X 1.. C. IESB, July 1. 100,090 0 0 33 750 0 0 133 750 0 9 1859, Jan. 103,000 0 0 31,50 a 0 0 131.503 0 6 ~ July 160,000 0 0 22.250 0 C 129,250 • 18)0, Ja-1. 100,010 0 0 27 000 0 0 127,000 0 * . July 100,000 0 0 24,750 0 0 124,750 0 18 ' 61, Jan. 103,1.00 0 0 22.590 0 0 122,503 0 0 , . July 100,000 0 0 20,250 0 0 23,250 0 0 1862, Jan. 100,00) 0 0 18,000 0 0 118,000 0 0 , July 10 1 ,000 0 0 15 . 750 0 0 115,750 0 • 1663, Jan. 100 , 000 0 0 13.500 0 0 113 . .503 0 • „ July 103.000 0 0 11,250 0 0 111 250 04D 1864, Jan. 100,050 0 0 9,000 0 0 109,000 0 0 July 100,003 () 0 6,750 0 0 106,753 0 0 1865, Jan. 100,0.0 0 0 4 500 0 0 101,503 0 „ July 100 000 0 0 2 250 0 0 102,250 00) .e 1,500,80) 0 0 270,' 00 0 Ol 1,770,03 41 I) As by the Municipal Corporation Act, the accounts Aof each B)rough are required to canimencs on the fa se Seirtember, and to cloze on the 31st of August in esattly year ; and as the traaster of the Town D tes, Anchortr'... and other properties does not take afect u itil the Jet or January next, it will bo apparent that the full effect ofd change! co isevent on the passing of this act, etnnot fiss ascertained in the present financial year. Ezer„, on the one hand, the Corporation w:11 be la receipt of the Town Dues and anchorage roc four months of that year, and on the other, tfisr charges in respect of Conservancy, Landing Sage, tad other matters transferred, will have to be bo*ne by tine Corporation far the same period. But we have consiiera the probable Income and Exp , nditure for the present Eliza cial year; and having regard to the experisnce of pas years, and to our knowledge of the current obligaio ag „ E the Corporation, we consider that the income may be tat's* at about £lOB,OOO, and the Expenditure at about £100,e104, which includes the various branches of Expenditure vat. Property Discretionary, which have been voted, ur have to be provided in the present year. Having thus explained the prAsions of the Act of fait Sestior, and its cfLets upon the fie! :vial position of tkz Corp.,ratiou, we proceed, as required by your te , olttiory, to report on the income and expenditure of the Cofporatior, distinguishing wh .t is discretionary and what obligati! expenditure, under the lluaicipal or other Public. str Local Act. For this purpose we have taken the accounts of .t' Borough Tre.isurer for the financial year, ending 31. st if August last, and have appealed to each it,:ru mit explanations as are necessary to distinauish each payment into the clasees, " Obligatory," and ' Not Obligatory?* Mr. STENV i ART then proceeded to move the confirtnatiot of the proceedings. Ho said, in rising for the first lima as chairman of the Finance Committee, he might be , allowed to say that he took upon himself the duties of (ta office with every desire to fulfil them to the best of Ur ability, but he claimed the indulgence of the Conati taking up those duties, particularly as ho succeed /a E gentleman who for so many ye t ars so ably and se fairly filled the office which the Finance Committer had now been pleased to confer upon him lie ge lled, and he was sure he might safely do so, - up= the support of the Col7.cil in the performance cc the duties, to loug as he brought before them only mit questions as wore necessary. and as the committee belimi to be conducive to the welfare of the Corporation. Et vat now his duty to move the first special resolution wiltit appeared upon the paper. Upon that question he Ea.itk observe, that the subject of the appointment of ea agent in London having . been referred back to the Finance Committee by the Council, and the Fittant.tt Committee, having heard the observations of two geads— men delegated from the Chamber of Coma:tires, had eon to the resolution which he now asked the Council to ett firm. Mr. Alderman HorAtc soon led the motion, which Imo confirmed Mr. STEWART moved that the secon recommendatism. having reference to the appointment of a Deputy ReCettc, be confirmed. Mr. HOLME seconded the motion, which was carried. Mr. STEWART, in moving the general proceedings, nit there was nothing in them which called for any remark except, perhaps, the sale of a somewhat important pro perty, the George Inn, in Dale street. That proparty Inc offered for sale by anction, and no bid at all likely yr? made on that occasion, bat, as usual, it had the effect et producing private offers. The best offer made was one et £16,750, which, in the opinion of the commitee, the Coxnall. ought to accept. He therefore moved the confirmation OE the prom line generally, which of course included that recommendation. t t h aaastt the the o fhaanpdbuer so—that o l ,a public en — s fteo always h r o a ft ?he prop er t y . Th e rule always sale when by woe Mr. ANTHONY asked if any steps had bee n t a k en for tiat sale of the property in Great Howar I-street, upon the sitet of the old Borough Gaol. understood— a t l eas t p rae fealty a w Mr. &swear said the committ ee h a d h ad no appliestiee for property had been offered, me h public auction, the committer were alwaj s open to private offers. Mr PICTON said, allusion having been made to the icx4ll lately the si'e of the Borough Gaol, he hoped the resalL4 the experiment tried in that instance would be a warns to the Council in fature to pay a little more respect and attention to' the opinions of those gentlemen who aces- stood such subjects. If • the recommendation of disc Finance Committee, for the sale of that land twelve cc eighteen months ago, had been confirmed by the Comsat they should have been in the receipt of a eonsidetskile amount of interest, which was now altogether lost. (War. hear.) A number of gentlemen seemed to think that ti wer knew a great deal better the value of land than du as _ spected chairman and deputy chairman of the Fitatin ... I ~ ..r.OO ooP• • • • • ... •• ••••1 00 C• 70: o•• :-. 1 :-.. g„,, 1 . o O • : I - I 0,- W : : 0 I =OO ::: : , - - o o o o • • • 0 0 . • 0 0 : z.3 .• . I 1-.... • • • 70 0 . 0 . . . • O, • o • ..,:-.. • • • P. 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