The Daily Times.
Liverpool, Merseyside, England, 1860-04-24 00:00:00

INTERNATIONAL EXHIBITION OF 1862

The following letter has been addressed to the
Secretary of the Society of Arts, by command of
his Royal Highness the Prince Consort, President
of the Society, expressing the readiness of his
Royal Highness to place his name on the list of
guarantors for the sum of 110,000, so soon as the
sum of £210,000 has been subscribed ;
Windsor Cantle, April 9.
DEAR SIR, —I am commanded by his Royal Hih-
ness the Prince Consort to inform you that. his Royal
• Highness has given his best attention to the proposal
made by the Council_ of the Society of Arts fir the
formation of a guarantee fund, in order to enable them
to give effect to the wish of the society to hold another
great international exhibition in 1862.
As president of the society, it is ever the wish of his
royal highness to assist; as far as in his power to do so,
any well-considered plan proposed by the society, which
has for its object the advancement of art and science as
applied to industrial pursuits. But, feeling at the same
time that the favour of the public to any such plan
should be due to the merits of the proposals alone, he
has in general made it a rule to decline giving his name
to any undertaking which has not already received such
an amount of public support as would ensure its ultimate I

success.
In the present case, however, considering the con-
ditions under which it is proposed to raise the guarantee
fund—one of which provides that "no liability shall be
incurred by any person subscribing the agreement,
unless the sans of £250,000 be subscribed within six
Calendar months "—his royal highness will so far depart
from his ordinary practice as to intimate his readiness,
when the public interest in the proposed exhibition shall
have manifested itself to the extent of subscribing
£240,000, to contribute the further sum that shall be
necessary to complete the full amount of the proposed
guarantee.—l remain, dear sir, yours very faithfully,
P. Le Neve Foster, Esq. “C. Gary.
The sums already guaranteed for carrying out
this exhibition amounts to L 176,000.
The emditionS of the guaranteed agreement
arc:—

Ist. That no subscriber will incur any liability until
at least t 250,000 have been guaranteed.
2nd. That no calls will be made unless it should
happen that, contrary to the expenenee of the exhibi.
bition of 1851, when there was a surplus of nearly
£200,000; there should be a loss, when the call will be
pro rata. _ _

3rd. Any surplus will be at the disposal of the
guarantors, for the promotion of arts, manufactures, and
commerce.

4th. The trustees and managers of the. exhibition
named are :—The Earl Granville, E.G., Lord President
of the Privy Council, Vice-President of the, Society of
Arts; the Marquis of Chandos, Chairman of the Lon-
don and North 'Western Railway; .Mr. Thomas Baring,
M.P.; Mr. C. 'Wentworth Dilke, .Vice-President of the
Society of Arts—Royal Commissioners for the Exhi-
bition of 1851; Mr. Thomas Fairbairu, Chairman of
the Manchester Art Treasures Exhibition.
The council do not propose to limit the fund to
the £250,000 .named; but, having secured that
sum, they will endeavour to increase it .as much
as possible.
A circular letter has been addressed to the
members of the society, drawing their attention
to the importance of filling up the guarantee
list .as soon as possible ; and those members and
their friends who are desirous of giving their
assistance to this undertaking, are requested to
send in their names to the secretary of the Society
of Arts as early as possible, with the sums they
are willing to guarantee.
-The amounts guaranteed by individuals vary
from ,ElO,OOO to 1100.