The Express.
London, England, 1863-06-02 00:00:00

CITY OF LONDON RLICTION.-(THIS DAY.)

The election of a member of parliament fur the
City of Leedom to fill the war usey caused by the death of
Mr. Weetern Wood, took plus at noon, at the Guildhall,
In consequence
in active opn. fo
f
rogthe gorgeous
thedecorrtioption of theirnswhichar
now
Royal Highnesses the Prince and Princess of
Wales, the usual platform has been removed, sad
the bent pas erected for the royal guests served as a dais.
This attendance was not so numerous as at City elections
generally, owing, no doubt, to the almost certainty that
there would be only one candidate, and to the fact that the
views of that candidate are in accordance with those of the
majority of the electors.
At 12 o'clock the Sheriffs of the City of London, Alder.
mu James Lawrenoe sad Mr. Hugh Jon.., appeared on the
platform. There were also present the Common Serjeant,
Mr. W. R. Crawford, M.P., Mr. Alderman Salonooes, 31. P.,
Mr. Oregue, M.P.. Alderman Humphrey, Alderman Water.
low, Mr. Gamiott, Sir Anthony Rothschild, tee.
The tonal formalities having been observed,
Mr. Prteecorr proposed Mr. George J. Goschen as a fit
and proper person to represent the City in parliament.
He said he was acquainted with Mr. Goechen before that
gentleman had any intention of entering parliament, sod he
oould confidently recommend him to the electors. (Hear,
hear.) Mr. Goschen was a liberal from conviction ;he had
a stating belief in the deuce of the human
race, and he would do his beat to promote
it both morally and socially. He was in favour of religions,
political, sod commercial liberty. (Cheers.) Whatever he
promised he would do his best to fulfil. He had proved
himself a good scholar, and he would soon take high rank
among our legislators. He was, in short, worthy to follow
is the reps of Mr. Grote and of Earl RusselL (Cheers.)
Mr. Gusiorr seconded the nomination of Mr. Goschen,
and sulugised that gentleman in terms similar to those of the
proposer; adding that it was the merits of Mr. Goschen
that had prevented a glimmering opposition from developing
Itself into action.

There being no other candidate,
Alderman and Sheriff Lowrance, amid loud cheers, de-
clared Mr. Goschen duly elected.
Mr. 006 CHEN then addressed the electors. He said be
was proud to stand in • position which had been occupied
by so many distinguished men. He should have hesitated
on personal grounds to a=ept this trust, but he
felt bound to obey the call made upon him.
The liberal party not having been able to find a
liberal candidate of the pest had turned to one of
the future, and he could not refuse their invitation.
Although he might as yet be unable to deal
with political questions, he would endeavour to take
his part in commercial ones. The Chancellor of the
Exchequer's policy would have his support, and be bsd
the young man of outlandish name, as he had been called,
would satisfy the electors of London. (Cheers.) The term
radical bad been applied to him. If to vote in favour of
liberal measures was to be a radical, he accepted
that epithet, (Cheers.) The liberal party wished to
admit the working cheese to the suffrage whenever it
i could be done safely, while the conservative party
were opposed to such admission, and that was the greet
difference between them. The spectacle of America had
been pointed to as showing the evil of representative insti-
tution", but be contended that the conduct of the working
classes in the north under so much proem taught
• very different lemon. (Cheers.) He entirely sp.
proved of the foreign policy of Lard Palmerstoo.
(Cheers.) He thought the interest' of the church, as waU
a• of the country, required that church rates should be
abolished. (Hisses.) Would not those who blued support
the church if rates were abolished! (Hear, hear.) Hehad
confidence in the church notwithstanding the poitia of
church rates. As to the ballot he should support
it, not because he thought the ascendancy of the liberal
• party required it, but because constituencies generally wee
in favour of it, and had • right to protection. (Hear, hear.)
He concluded by saying be should do his beet to prove him.
self not unworthy of the high trust which had been reposed
in him, and that trust would be discharged loyally, with
courage, and, he hoped, with anocess. (Chasm.)
Mr. W. R. CALVITORD moved • vote of thanks tc the
sheriffs, and in doing so congratulated both the liberal and
conservative electors on the choice which bed been made.
On behalf of himself and the other old member, for the
City of London he thanked the electors for having sent
them such a colleague.
Mr. G. Moore seconded the motion, which was carried by
acclamation. . _

Alderman and Sheriff LAWIUNCX returned thank; and
thin terminated the proceediap.

THE PENINSULAR AND ORIENTAL STEAM
NAVIGATION COMPANY.-(THIS I)AY.)

This afternoon the forty-fifth half-yearly meet-
ing of the above company was held at their offices in Leaden-
hall-street, Mr. Altonl3oll in the chair ; when the follow-
ing report was read and agreed to :
" The present report relates to the half-year only ; and it
may be mentioned, for the information of any new share-
holders, that in conformity with the deed of settlement,
amount' and financial statement+ are submitted at the
manual meetings of the company held in December.
The Company's Fleet. —The premot Mathias. and particulars
of the tonnage and hone-power of the vessels composing the
company's fleet, are shown as usual in the tabular statement
mteisti to the report. Since the last annual meeting, the
and Careatic have been completed, and have each
made • voyage to Alexandria and heck, with satisfactory re-
sults. The Rangoon was launched on the 4th of April,
and the building of the Golconda, Delhi, &rods,
and Syria is progressing rapidly. Paddle-wheel vessels
being most suitable for the line between Marseilles and
Alexandria, the directors have contracted for • new ship of
this description to reinforce that service. The hull of the
vessel, to measure about 2.000 tons register, is being one.
strudel by the Thames Ironworks and Shipbuilding Com-
pany; and the contract for the engines, of 450 horse-
power, has been taken by Messrs. Ramie and Co.
The ship has been named the Rhoda. The small
steamship Union has been sold on advan-
tageoua terms in China. Loss of the Colombo.—
The directors regret that they have to report the loss of one
of the company's first-class steamers on the Calcutta and Suez
line. The Colombo was wrecked on the Island of Minicoy,
in the Arabian Sea, on the 19th November last, while on
her voyage from Point de Gallo to Aden, with the pse-
sengera, mails, and cargo from India, China. and Australia.
It is with a feeling of deep thankfulness the directors are
enabled to state that all the passengers were landed in
safety ; although, owing to the nature of the coast, and the
state of toe weather, the ship was irretrievably injured,
sad filled very shortly after she struck. The circrunstances
the wreck subsequently became the subject of
rori inquiry, under the authority of the Board of
Trade, which resulted in the acquittal of the commander
and officers, as was fully reported in the newspapers at the
time. The amount et which the Colombo will steed in the
company's books at the end of the financial year, namely,
about 65,0001., will be debited to the Proprietors' Under-
writing Account.' The Moolten has taken the place of
the Colombo, on the Calcutta station. and the following
particulars may be interesting in connexion with this sub-
ject. The inteligence of the loss of the Colombo was
received in England on the sth of December. The
Meehan was immediately ordered out, end was des-
patched from Southampton on the 24th idem ; she
reached Calcutta on the 4th of March, namely, in 70 days,
and brought to Suez the India, China, and Australian mails,
which were delivered in Loudon on the 16th of May. The
Postal Service.—lt was stated in the last annual report,
that the directors had submitted • tender for a fortnightly
line of steamers between Bombay and Aden, pursuant to
advertisements from the secretary to the Post-office, but
that at the date of that report no reply had been received.
They have, however, since been informed by letter front the
Postmaster-General, that the government ' are not prepared
to take any further steps at the present time in this matter.'
The board have been recently requested by the Post.
office to state the terms on which they would be willing
to double the existing mail service between Sydney, Mel-
bourne, and Point de Gallia under the general conditions
of the current contract ; and they have accordingly made
• proposal which they have reason to believe is sans'
factory to the home government, and will be equally so to
the colonies concerned. As Australia cootributes one half
of the subsidy, the tender has to be submitted to the
approval of the colonial authorities before an arrangeniert
can be concluded. The Transit through Egypt.—Although
the transit has not formed the subject of a paragraph in
every report, the directors have never relaxed their endea-
vours to obtain the introduction of improvements in that
most important part of the overland route. The announce-
ment of the accession of his Highness Ismail Pasha to the
Vicerovalty of Egypt having been almost immediately fol-
lowed by the report that at the reception of the consular
body his highness expressed hie determination to devote all
his energies to the prosperity of the country sad to the
development of Ma internal wealth, it appeared to the
directors that • favourable opportunity was afforded
for strengthening those commercial relations which exist
between the government of Egypt and the company.
They accordingly appointed • deputation from the Weld
to proceed to Egypt, to present an address of con-
gratulation to his highness co his accession, and
to express their hope that the improvement of the
transit would be regarded by him as a measure of importance.
The deputation was received by the Viceroy with every
mark of friendly consideration, and a report of the cert.
roomy, with the reply made by his Highness to the address,
is appended hereto. The directors are happy to state that
the commercial operations of the half-year have been sibs•
factory, and that the financial position of the company
enables them to recommend that an additional payment of
per cent. be made, with the usual half-yearly dividend of
3 percent. They think it probable that it will be more con•
verdant to the proprietors to receive this payment at present
than to have it postponed until the close of the year, when
the dividend from the ordinary income is usually supple-
mented by any profit that may accrue on the proprietors
ez.derwritieg account. The warrants for the half year end-
ing 31st March last will aocordingly be calculated at the rata
of 5 per cent. on the paid-up capital, and they will be par-
able. free of 10001:116 tax, es 0/94 012 and after the 24th of
June."