The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1856-01-29 00:00:00

JANUARY D, 1856.]

ZIVERPOOL EXCHANGE BUILDINGS.

IRE annual meeting of the proprietors of the Liverpool
Exchange was held yesterday, in the Cotton Sales-room the
chair being occupied by Mr. Robert Gill. There was only a
41ZIted number of members in attendance.
- -

The CHAIRMAir said the chief business of the meeting was
t° receive the annual statement of accounts, which presented
few features of difference from those of last year. In some
Darticulars there bad no doubt been a little variation, but not
t° an extent of any importance. The differences, he might
°ate, were chiefly that there had been a little increase in the
abftinit bald for property-tax, and a slight deduction in the
ftlOunt realised by the sale of newspapers. There had like-
been an increase in the expenditure, by furnishing the
belvsroom with handsome plate-glass windows ; and in making
41terations on the entrances, for increasing the facilities of
access, by widening the area gates, and giving a superior en-
Ince to the area. Notwithstanding these increased items of
e'4Penditure, the committee felt that they could safely recom-
tend that the same dividend as in former years be declared,
namely, £B. 17s. per share, together with £3. 3s. per share in
feu
of the right of nomination to the newsroom. He con-
44(led by calling on the secretary to read the accounts.
YouNGEMBAND, the secretary, then read a state-
11ent of accounts :-
4r. £ s. a.
To Dividend for 1854 on 800 shares, at £8 17s.
,„ Per share ..
4°amount paid in lieu of the Right of Nomina-
tion to the Newsroom for 1856 on 800 shares,
per share
'•° disbursements on account of the Newsroom,
£ s. d.
Newspapers and other Publica-
tions
Telegraphic Intelligence 2OO 0 0
Coals and Gas
Rates and Taxes 475 5 10
Salaries and Contingent Dis-
bursements
4,141 3 '2
° amount paid on account of the
Building, viz. :
Joiners' Work and Iron Work. • 430 13 6
Illasons', Slaters' and Brick Work. 120 13 6
Plumbers', Glaziers' and Painters'
Work
Insurance from Fire, Taxes, and
Law Charges
Property Tax • 661 10 0
Salaries and Incidental Expenses 453 9 2
----- 12,455 2 9
TC) BOUM@

T 24,497 7 10

Cr,
tY Bolance of Account for 18542... ..... ............ 8,299 0 0
3' amount of Subscriptions to Newsroom, &c.
Annual, 2,733 at £3 3s 8,608 19 0
g_9uarterly 269 17 0
'ke of Newspapers, &c l7B 16 4
------ 9,057 12 4
11/2' 'Rental of the Building, from 31st December,

1854, to 31.t.t December, 1855.
Xeceived'this date £4,862 17 6
To be Received...... 2,116 5 0
.6,09 2 6
Sauk Intertert
-- 7,140 15 6

£24,497 '7 10
11/2' Balance brought d0wn...03,301 1 11
Deduct Amount to be transferred
to the Contingent Fund....„ 1,221 1 11

Disposable 8a1ance,..•..:,.. 7,090 0 0
Audited 23rd Jan., 1856. CHARLES BOULT,
JAMES H. MACRAE.

I.,.Errors excepted.
mverpool, 31st December, 13.55.
-.JOHN H. YOUNGHUSBAND, Sec. and Treasurer.
CONTINGENT FUND.
Inrested in the flew Three per Cents. £4,992 !I s
'ln'the Bank of A. Heywood, Eons, and Co. 559 1 17

R5:651 V a

iou
a it
ina
aeo

. 'The CHAIILMA.N moved that the statement of acCounti•be
al)oroved, printed, and eirmilated among the shareholders.
The motion was seconded, and unanimously adopted.
• Mr. liAmmoon BANNER moved that the sum of £1,1).:21
1)8. 11d. be carried to the contingent fund, as recommended
3, the committee. In doing so, be said it was greatly to the
credit of the committee that, notwithstanding the increased
ei'cPenditnre on the year, they were still able to pay the usual
4.,lvidend and lug aside -so-considerable a sum to the.con-
"agent fund.
Mr. BATesoN seconded the motion, which was carried.
Captain ALEXA.NDE3I moved that the dividend be payable
°ll and after the 4th of February, whiCh was also carried.
Mr. Melley and Mr. Henderson were appointed auditors
for the ensuing year. The following gentlemen were ap-
Dointed directors in the room of those retiring by rotation,
Liz. :—Messrs. J. H. McCrae, James Howell, Frederick Engel,
Thomas Bolton, and Henry Robson.
The CHAII2-11L11 said the next business to be brought under
the notice of the meeting was a report made by the committee
Who had mentioned the matter to Mr. Stewart, the Mayer,
in reference to the -subject of enlarging the News-room. The
subject, he stated, had received the most minute attention
and the most careful consideration of the committee, and ulso
of Mr. Stewart. He then called on
Mr. YOUNG-11IISIBA.ND, who read the following
REPORT.
The proprietors 'having referred to your consideration the
oest means of enlarging the present Exchange-room, or other-
Wise providing additional accommodation of that description.
Counsel's •opinion being that streets, piazzas, -which
bound the extremes of the present room could not be inter-
111Pted, at once disposed of the question of enlarging the area
of the present room: consequently, however inconvenient, the
°IIIY way in which the additional accommodation could be
obtained was limited to providing a new additional room as
contiguous as possible to the present room, or otherwise to
Italie use of a room on the one pair floor to be constructed out
of the present Underwriters'-room and the offices on that floor.
Your sub-committee were of opinion that the least incon-
'"?enient way would 13e to proVide an additional room, and, as
e most convenient in contiguity to the present room, a por-
n of the northern stack of the .present offices naturally pre-
'lented itself.
I propose, therefore, said Mr: Stewart, in his report 'to the
'sub-committee, to bring before you such information as occurs
'‘o Inc as needful to be considered, should this suestion be
adopted.
,_This northern stack of offices is the narrowest, being only
tTI feet 6 inches in width on the ground floor, whilst your pre-
sent room is 51 feet -wide, and your western offices a little
more than that ; the width of the 'northern stack is ample for
Private offices, but narrow for a-public room, and its limited
width must limit its length ; it follows that the area to be
obtained on this site for a public room cannot be very great.
I propose to clear away Nos. 14,1.5, 16, and 17, which will
*lye a length of about 93 feet inside, from which, if a stair-
case and a master's room be taken, -there will be left a room
..,44 81 feet clear in length by 37 feet 6 inches in width, a great
"Length for a room of that width.
Yourpresent room, clear of thear, is 111 feet long and 51
4oet wide. b
The height of the proposed new 'room would take two
resent stories, and would be equal -to the side parts of the
present room, but the width of the.new room would not allow
of the division by columns into a centre and two sides, the
ectsequenee of which would be to make the want of height
tore apparent.
I think the cost of carrying out the alteration would be from
'6,000 to £7,000. A year's rent would be lost on all the
'ti,u,Oildin interfered with, and about two-thirds of the rent
ered permanently sacrificed, in substitution for which there
Would be the nett return of additional subscriptions, after
deducting the expense of the additional staff of officers.
_ Simply as a question of finance, it is doubtful whether it
w.ntdd succeed, and how far it would promote the convenience
of Parties frequenting the Exchange, is a question which your
committee are better able to decide than I am.
(Signed) JOHN STEWART.
Some discussion arose as to the practicability of something
being done immediately to increase the News-room accommo-
dation
; in the course of which,
Mr. m`Cain remarked that, having been previously a mem-
, of the committee, he had urged this matter upon their
Llsideration ; but experience taught him that it was very
difficult to get the committee to move on the subject. He
impressed on the meeting the paramount importance of some
steps being taken immediately.
After a few words from Mr. Bolton, the chairman, and Mr.
Melly,‘ the committee was instructed, on the motion of the
last-named gentleman, seconded by Mr. Bolton, to obtain
tlans for the most efficient means of improving the whole of
ae buildings, so as to afford the most advantageous arrange-
ment of them for the general purposes of an Exchange.
Thanks were then voted to the chairman, and the meeting
''Parated.

Javnnroor, Purmuusiowie SOCIETY.—The annual meet-
,.'44Z. of the proprietors of the Liverpool Philharmonic Society
WIJS held on Thursday, in the Cotton Salesroom, Mr. Marriott
residing. The report was unanimously adopted. The regular
eeipts of the season have about balanced the regular en-
dm
!?ture. Two concerts; however, given this year with Madame
uoldschmidt, and which do not appear in the accounts, have
resulted in the handsome profit of £1,700; and, when this is
taken into account, the present total debt of, the society may
stated at about £7,400. There was very little discussion ;
%allous reeommendations in the report were agreed to, and
4rter the election of some new members of committee the
',Letting terminated,
THE STEAM-SHIP PRINCE PATRICK.—This fine vessel,
lately built by Messrs. Vernon and Sons, of this town, for the
North Lancashire Steam Navigation Company, running be-
IZeen Fleetwood and Belfast, made her trial trip on Saturday
L She proceeded from the Prince's Pier about noon, and
the
trial was in all respects highly satisfactory. A sumptuous
tTactuet was provided on board, prepared by Mr. Morrish, of
tie Merchants' Dining-rooras, Tithebarn-street, which did
maple credit to the culinary taste and resources of that gentle-
ZaTa's establishment. About thirty gentlemen were present,
-,;‘, .`d, participated in the good things as well as in admiration
the fine vessel.

kAT the Society of Arts' weekly meeting on Wednesday last,
manufacture
G. F. Wilson read a most interesting paper relative to the
eoaluxfacture of candles at the famous Vauxhall Works. He
Olnienced by describing the constituents of candles, both
be'.lW and composite ; the main difference between the twa
follg that the first were made from fatty matter in its crude
47', while from the latter an ingredient called glycerine was
ea‘racted. The presence of this substance in fatty matter
tstised tallow candles to require a wick three times the size
p0e,..4 steariue candles, and hence the greater illuminating
steps by
the latter. Mr. Wilson then proceeded to trace the
prA.." which composite candles had beer. brought to their
e,'''ent perfection, and, in conclusion, alluded to the various
tii/erilllents made by his firm (Price and Co.) in the produc-
thell cf vegetable oils, observing that the Russian war had put
screw on oil discoverers all over the world. So far thefro,"lPaterial being exhausted, he believed that they were only
at
we obtained
e commencement of their discoveries, and that oil would
from ntauy inatteni which were now looked upon
as refuse.