The Express.
London, England, 1852-01-03 00:00:00

THE LONDON IXX% COMPANY.

Yesterday the half-yearly general meeting of this
held at the establishment in Princes-street, •
Baal. Joit• 4' . t nes, Esq. took the chair, when
The SKr Orval:A read the following report:
The direeters have now to lay, before the proprietors a
report of the company's proceedings for the half-year end- i
tae :lth day of Novemlwr last. The number of loaded
sh,r irem forien ports whkh entered the London Decks
Minn: the sis months ending the 30th November last, was
&us. turrotrlng 10,71;9 tons; the number fur the comes-
rado: is Tied in I:t4i wa. ruessurinir 188,417 tons.
bcO.: M. Mat av of t.,1'.2 tons. The amount of earnings
dune the monde endow the 311th November last has
; the amount of the like earnings for
the curb .poudinit period in 1850 was 229,1721. 9s. 103.; •
The amount of expenditure fur the six months ending the
3dth November has been 134.712!. lie. 9d. The amount
of the like expenditure for the corresponding period in 1810,
was 1211.17:4P. 11,1. The amount of cap, nditure includes
the payment of the ineomr-tai. lily the statement annexed
to this report. it will be seen that the balance standing at
the credit of profit and I. is 2-14.2101. 31. 9d. Out of
which th.- direetor- recommend the payment of a dividend
of 2/. 10s. per cent. on the company's stork for the half •year,
amounting to tia,9-47. 12...1.1. N hieh will leave a balance
in (+sour ..f :he eonspany of 163,2-.21 11. dd. Out of which
the ,j,,,,t05. propose to appropriate the +lnl of 10,11001. to
the credit of the amount *tan ling under the head of New
Works.' 01 the balance stub hag at the credit of profit and loge,
tke am G(213.4716. Co. bid. consists of the amount of outstand-
in.: chorus due to the company on goods in the warehouses.
The proprietor. u ill oluerve by the balance sheet, the sum
of 17. 111. standing at the debit of Custom House
rresseutions.' 'the directors have not carried this sum to
the debit of profit and 100. They are about,
now that this maiter is closed, to bring a review
of ;the whole circumstances under the consideration
of her Maia.ty's government, in the hope that some relief
from this heavy and uncalled-for expenditure will be
afforded by the treasury. The stock of goods in the were-
bosses on the 30th November last was 132,437 tons. At the
same time last year it was 124,013 tons. The directors have
now to report to the proprietors, that the long and harassing
contest maintained by the customs with this company was
brought to a close early in the month of November last."
The correspondence between the directors and the Board
of Cullom. was read to the meeting.
A dividend at the rate of '2l. 104. per rent. for the half-
year ww. agreed to, and the report was adopted.
The CHatittlam said they had heard by the report that
a trial which lasted eleven days had resulted only in the
removal of a small quantity of sugar from one warehouse
to another, as a charge against one of the company's ser-
vants. The cost of the same trial was upwards of 11,0001.,
and a like amount to the Board of Customs. (lieu, hear.)
It was a satisfaction to hod that the jury had aid
the company (emu any intention to evade duty. am (Hear,
tweak) The whole matter was the consequence of an igno-
rant man having done what he ought not to have done.
The directors had found it accessary to erect another new
dock warehouse on the south side of the Eastern dock,
which warehouse, it was expected, would contain about
10.400 tone of goods, or sugar, for which it was constructed,
usuch accommodation was much needed.

A Fruit asked what amount was owing, under
the bead of Warehouses ?
The Al amen replied 67,000/.. from which the direc-
tors propo.e.l to write off 10,000/. this year.
Mr. CLARKE then moved a vote of thanks to the hoard of
directors for the zeal and perseverance t►ey bad shown in
maintaining the honour of the company during the late
and foe their ezertions during the past yes:, in so-
spect to the management of the company's affairs.
Mr. Twis Ina seconded the motion, which wee pared
amid.( acclamation..

.......
A PI4,8.1:11.TOIL Wilted if any new regulations had been
issued by the board of customs ?
The Cu tiI:MAN was sorry to soy that some were imprac-
ticAbk ; but what were practicable the directors would be
mot happy in carrying out.
The meeting then 4ourned.

TITHE COMMUTATION.