The Express.
London, England, 1855-10-08 00:00:00

ROYAL MAIL OTEAM-PACKST COMPANY.

+report of the &vetoes to the
Permit% tele isischted to the general swim it the
Lemke To an the llth
" The et the al Mail litsis-peeltel
Coropese man Hid Sammie soimktedi
to slim at Ike selonseial eisersi seatiess bus bees
hitherto limited le the wackier eaeount foe Aetna Ina Met
the wrest yam In deforests however, loth' Mahn el
the petseleteria. le sdked sere 'Misled view of
the Ilaandel po seedlies et Oa asi thine
sal, Ike dirado% al tab
Nude% haw anaamol a sliamiaat or the Lemma Feed.
acid al ihe vows se ferule teed. god le the wonk-
ier Neese% It may be obeseved that sellb lie respites el
pass. slyly outward, there has hoes a deems, seise
nob him of merlin in the foamy bathe of the
oniony, es oesspersd with the swiss lee Ike
eseespandiag period last yew; *Mist three lee
boss • very consider Ale hums in the yew
amount earned by the bin of ship In the transport service.
Liu difkarreareets on amount et wages. provisions, end
. .

Mores, bare of mum increased in pregaition te the iiertof
wise., mei the snessities of the ships is the transport ser-
ves,. whist Ihseennaent, arduoas, and heavy work in which
lte=lin of the gesspany's Beet has been engaged, is an-
a atinnied with a large inusese in the eut of re-
pairs, sad wIU thealbse materially lessen the net eathiops
of the ships so empleyed. In the important charge for coals
these hes bees a dessease, resulting mainly from iiireonr-
-110111111111 nea likely M Near, and pertly from a small reduc-
es in She rates of freight. Such, however, is the fluctua-
tion OM montalety in those rates to the numerous foreign
Illinealle at which abundant supplies most be maintained,
tang glee directors cannot rely with confidence on any pro-
estimate that can be made on this the most aspen-
sad auessary material for the company's
Ily Menace to the report made in On.ber last,
It will be perceived that at that time only four ship
(which had bees previously offered for sale) were tanned
Me the woman* of troops ; but as the exisensies of the
war increased, at the request of her Yojeatr s goverment
ether ships were similarly engaged. After the battle of
lakennans, a further application having lees Insemitted
es
yarns the lonian of additiosal ships. sad the Lords of
W Admirals , Mein a right seder the essepany's con-
UM he porn* s• m his say part or the wholle of the soot-
y's int fir wee reminments, it bream the duty of the
iuetw es se-opeents esedialey with their Within os aa
esoseles ef nth Missal immense. die sepresentations
Melee bees Maths elf the peals easel thee the withdrawal
dams vesseleseightessie es the mail senile. It was set-
log se Ile pMefple she thee the Penes wee subsequently
±_ to the]inner goverment fee tee incethe, then
being se that utmost es uriest requisition for mem ef
tramperting bah sentry asd infantry hem Marseilles to the
seat et wen{ the esgegensat ef whin ship was fully ap-
=by the Transport Dined ins Lorin, who regarded
NEN= as being nestled is forthesame ef the great
MOM is view. This ship, however, Ma she. ben with-
ism fns the emplef the French lemmas% sad is
Meil he take out the Wont Is& melte es the 2nd of nest
mew. The ships now emaining, therehre, is the trans-
mit sinks sea the °deem, Medway. Severn, Thames,
mad Tee* ti set OM* appear to Me. afforded the
molest sidelollea to Os &Moat public autimitin in
the 800 Sn and Medi . The director* are
oopellad Is_ 0e this es is comequens of the
empieisle which ban bees se elosogly expensed in several
tithe sank% end it may bees he awned that, as the
maim et muds reasisfmg meMsyn M the mall service
Me nom bees Mused below esmanen aim (Wog two in
nesse at the samber spelled le he mehrtstried according
M the provides of the company's mail esstrert), it was
hoped that there would be no meal intsmiption of the
routes, nor Weed would seek have maned but for unfore-
seen casualties to mos ef the serener inteessissial ships.
The instant that tams _-Mesh Mame Mews is England
the (Hinton lost no time M amestly neissilog the release
of sash ships frees the trasspeet service as meld enable
them Is remedy the Worts, sad se ease as possible (the
Timerltagdeleas, and Ana having been resessed) two
nits slim were nut without nails, au" of psoagote to
the West lOW Meteesgebas the keleseeiewiel mote., sad
We Met extra ships will be desprtebel fee do 91111110 po-
pes before the sad of sort saes& ; thus finking the
when istereelesial neamuniestiem upon a semi sad
ealidribmy Meting. Raving shows the names that
ban led M ntent irregularities ie the Wad India
postal essimmisstioo, and whisk have Famed com-
plaints from certain of the colonies, the directors
can only rest their justification ups. the explana-
tion elae.dy gives, sod upon the favourable Main of her
hatjaesta=artre, ao wrested by repeated htters of
sad *Wm rescind during the progress of
oho war a eml Obey My spun the geed feeling of the nolo.
MON es hessisisgomseland With M whole of the circula-
✓ness% to make doe ottoman for any 'Gelation that may
hen been mated by events which it was whoUy out of the
Lewes ef Shemin of directors to have controlled or averted.
Medlin eeferved to in the report made at the last penal
INISOUSig as Maio' been submitted to her Majesty's govera-
mat on anent of increased rate of insurance and freight
of coals onsequeat upon the war, has not yet been ad-
mitted; but the directors will not fail to urge the justice
of it upon the re-consideration of the Lords Commis-
sioners of the Treasury whenever a proper opportunity often.
The report presented at the last general meeting alluded to
the directors' anticipations with regard to the progressive
reduetioa on the loam and liabilities of the company. They
have the plume now to inform the proprietors of the con-
tinned gatisfanory progreu in this liquidation, and they still
ionise the hope that, union unforeseen contirgencies
occur, the whole debt of the company will be emir guished
in the nano of the present year. Under nob encom-
iums" it would have been gratifying to the directors could
they have noonciled it to their f duty to recommend
some inmate of dividend ; but, refining to the facts that
the insurance fund has to be realised, that the reserve fund
has been overdrawn to a large mount, and that the latter
ought to be replaced from the earnings of the Beet;
remembering, also, that the period of the employ-
ment of a portion of the ships in the train-
port service is very uncertain, the directors an
persuaded that the noun of prudence is to defer an increase
of dividend until the mini financial position of the com-
pany viables them to announce it without any doubt of its
propriety, when week coons may be adopted in &alias
with any surplus then gaieties as shall be considered moot
advantageous to the interests of the proprietors at large.
The directors therefore propose that the anal dividend of
21. per share, free of income tar, be paid for the first half of
the year 1865, each dividend to be payable on and from the
18th instant, at 56, Nougats-strut, between the hours of
11 and 3 o'clock."