The Express.
London, England, 1863-07-23 00:00:00

ROYAL POLYTECHNIC INSTITUTION.

The ordinary ball-yearly meeting of shareholders
of this company was held yesterday at the office in Caveodish-
square, the Rev. J. B. Owen in the chair. Professor
Pepper, the manager, read a short report, stating that the
institution leas now in • more dourishiog and satisfactory
condition than it had been at any former period of its ex-
istenoe. The proceeds of the last season had averaged 1291. '
per week, mad the lectures and entertainments bad weep
general satisfaction. Several friends of the institutioeliad
lent works of art and models, and • general desire bad been
exhibited by all connected with it to advaoce its interests.
Mr. Tilley, the secretary, read the report of the glirectors,
entirely endorsing the opinions of Professor Pepper as to
the prosperity of the inatitutioo, which had recently been
honoured with a visit from the Prince and Princess of Wale;
and Princess Louis of Hesse, who had expressed
their entire satisfaction with the whole exhibition, and
it was expected the Prince of Wales would
allow his name to be published as patron of
the institution. The whole of the departments were in
vod working order, sod all the shops and stalls were let at
fair rents, duly paid. The Saturday morning exhibitions, at
2s. 6d. admission, bad been very successful, the results
averaging 401. of receipts against 171. on the old ordinary
Saturdays, and they would be continued until further
notice. Applications bad been made for 120 shares during
the half-year, being equal to 1,2001., and thesesharm would
be allotted after the declaration of the present dividend. A
clear profit of 3,290/. 3s. had bees made on the half-year,
out of which the directors proposed a dividend of b per cent.
on the paid up capital, being at the rate of 10 per rent. per
annum. After payment of M. lbs. on account of the pre-
sent dividend, and setting aside 8471. 18s. M. for depre-
ciation limit, there will remain 1,7191. 14a. 4il. to the
credit of next half-year'. account. The directors propose to
set aside 1,000/. as a reserve fund for equalising dividends.
The literary and scientific classes, under the auperin
teodence of the Rev. Mr. Mackenzie, were working setts;
fartorily, and the average attendance at the evening classes
was 250. The report concludes with a high compliment to
Professor Pepper for his exertions io behalf of the institu-
tion, and the directors proposed that be should receive an
honorarium of 1001 in addition to the like amount voted at
the last meeting. The report was adopted, as were also the
recommendation as to the dividend and the honorarium of
100/ to Professor Pepper. Ou the motion of Captain Maude
the remuneration of the directors (seven in ember) for the
current year was flied at 3501.

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chanical construction, and their magnetic.' adios." They are
the remedy fur grey hair, neuralgia, rheumatism, dc. N. B.
Couoterfelts are bring made.—/Mires, Sr, Basingballatrost,
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