The Express.
London, England, 1853-07-18 00:00:00

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tensive property of the company is not compromised
in the issue. The shareholders were also congratu-
lated on the removal of Sir James Brooke from the
governorship of Labuan. The directors state that
her Majesty's government have officially recognised
the validity of the Sultan's grant of coal, and that
they are consequently prepared to grant licenses or
leases to any parties or companies who will work
distinct portions of their coal field.
The prospectus was to-day issued of an associa-
tion called "The Hartlepool and Yorkshire Hills
Iron, Coal, Coke, Fire Brick, and Pottery Company,
Durham." The property, on which the operations
of the company are founded is stated to consist of
2,000 acres, leased at extremely moderate royalties,
and rendered additionally valuable from its propin-
quity to the port of Hartlepool. The capital is
fixed at 100,0001., in 50,000 shares of 21. each. Of
this, 50,0001. (viz., 25,0001. in cash, and the rest in
shares), are to be given to the present proprietors, as
purchase money for the plant, and entire interest in
the coal and iron-stone mines; 25,0001. will be ap-
propriated to the development of the property, and
25,0001. will remain in the form of reserved capital,
not to be called up, unless required.
Australian Land shares to-day were generally
stationary in price. Australian Agricultural closed
331 to 34; (being now divided). Peel River, after
.slosnlining to 11 to ! premium, finally closed 1; to 1;
premium. Scottish Australian Investment were I
batter, at 2to 21 premium. Bank of Australasia'
'shares ruled 10s. higher, and Union of Australia 10s.
lower than yesterday. Crystal Palace shares, old
and new, were quoted I; to 2 prem. The shares of
the Old Electric Telegraph Company (with 201. paid),l
aro quoted 1 to 11 prem. Berlin Waterworks
mark par.
The 13th annual general meeting of the United
Kingdom Life Assurance Society was held yesterday.
fhe statements of accounts from the formation of the
company to the 31st December last showed the fol-
lowing results :
That during the year ending 31st December, 1862, 490
new policies have been inued, assuring 371,5191., ana yield-
ing, in annual premiums, a sum of 13,498'. 2s. Id. That
the emunt of new premiums for 1852 exceeds that of the
previous year by 1,088!. 12s. 7d. That the yearly ',income,
from premiums alone, is 107,2831. 17e. 11. That the pro-
perty of the company, its at 31st December last, amounts to
454,9811. 101.6 d , being an increase of 3.5,6021.115.3 d. over
the year ending 31st December, 1851. That the sum assured
by each policy from the commencement avenges 7211.
lie. Ild. That 75 policies on 58 lives have become claims
in 1852, on which 53,1961. 16s. 2d. has been paid ; and that
since the company commenced business in 1834, 7,845 po-
licies have been issued in all, of which 3,460 have lapsed,
surrendered, or become claims.
As the general meetings of the railway companies
are drawing near, tho following table of the divi-
dends declared in 1850, 1851, and 1852, together
with the balances remaining over from the last half
year, may be found useful for reference :
•