The Express.
London, England, 1853-01-12 00:00:00

£21.50 13 11

J an. 1, IM3.—By balance
ths the resolution declaring a dividi n 3 of 11. 9.1. a share
being put,
C aptain Sacco's expressed his surprise at the low amount
of dividend. He wished to know what would be the divi
dead' for '33 and '34.
The SRCIISTAILY raid that the dividend for 1333 would be
10s. Sd., and for 1334, lls. 2d.
Cdptain Succour wistisil to knsw if the interest on the
bond debt was reduced to 3 per cent., what would then be
the dividend ?
The SECRITAUT-12.1. 3d. . .

The resolution was Nena3nel to.
Mr. JUAIAH WtLsorr moved a resolution awaTding 100
guineas to Mr. Ayrton, the secretary, for his valuable ser-
vices in transacting the business of the company.
Mr. PlittllT hose the strongest testimony to the efficiency ,
and value of Mr. Aytron's services, and seconded the reso-
lution, which was carried unanimously.
Captain Salami moved that the salary of Mr. Wat-
kins, a clerk in the company, should he Lased from 801. to
1001. a year. This resolution was seconded by Mr. Josiah
Wilson, and carried unanimously, with a special proviso
that the advance was to refir only to the individual, and
not to be drawn into a precedent, nor to entitle him to su-
perannuation.
Messrs. Shadbolt and Ilutchinson were then re-elected
as directors. The latter gentleman in returning thanks
announced to the meeting that the directors had in contem-
plation a project for converting the shares into stock. but
that a special meeting would be summoned for its conside-
ration, and the matter would be left entirely in the hands
of the proprietary. The meeting terminated with the usual
vote of thanks to the chairmen.

MARAQUITA AND NEW GRANADA MINING

COMPANY.

Yesterday a special general meeting of the share-
holders in this company was held in the London Tsvern, for
the purpose of receiving a statement of the company's pro-
ceedings up to the present time, of declaring a dividend for
the half-year, and authorising the issue of the remaining
60,000 shares of the company's capital in conformity with
the deed of settlomcnt. Mr. J.D.PowLus in the chair.
.

The CH AIRMAN' said that, although the time for holding
the ordinary haltyearly meeting would not arrive till June
next, the directors thought it right to call the shareholders
together for the purposes stated in the advertisement. The
expectation which had been held out at the time of the
formation of the company that they would be able to de-
dare a dividend at the end of the present mouth was, he
was happy to say, realised. The expenditure at:the Hama°
Mines for the half-year from April to September was
16,9511., and the receipts 23,3131., leaving a balance in
favour of the company of 6,3521., and everything was going
on in • satisfactory manner. The Santa Ana Mines
did not present so favourable • result, not from
any failure of the mines themselves, but because of a
great drought which :prevailed and prevented them from
being properly worktd. The cost at the Santa Ana mines
was 50,957 dollars The amount of silver realised was,
by the mint at Bogota, 47,310 dollen ; and there was a
further quantit? of ore not reduced which was estimated at
18,706 dollars ; co that the receipts were 65,957 dollars
against 50,857 expended, leaving • boletus, of 15,000 dollars.
But in proposing to make now the first half-yearly divi-
dend, they threw out of consideration the profits of the
Santa Ana EMU"; for however correct the estimate might
be, they would calculate in declaring the dividend only
what had been actually realised in London. (Hear, hear.)
The half- 1y dividend ae„ Is. per share would ab-
sorb 5,0001. of the surplus, and there was in addition IO per
cent. to be appropriated for a reserve fund. He had also to
call the attention of the shareholders to the fact that a con-
tract had been entered into which would secure to them the
produce of certain mines there, and gave them the hope
that they wouldrget these mines themselves. This con-
tract would amount to about 10,0001., and would give
them the opportunity of investing further sums on
prudent principles. '1 heir agents had opened communi-
cations with the government of Bogota for the management
of the mint at Bogota, their object being to introduce a
copper coinage there which would prove very advantageous
to them. The Chairman concluded by moving a resolution
declaring • dividend of Is. per share for the half year.
A SHARTHOLDAR wished to know if the entire number
of 100,000 shares had been issued.
The CHAIRMAN said that the entire number had been
issued and paid for.
The resolution was then pained.
On the motion for issuing the remaining 50,000 shares of
the company's capital in conformity with the provisions of
the deed of settlement, • short discussion area as to
whether it would be most advisable to call up the fall
amount of each share, vis. 11., or only -is. or 10s., but on the
chairman stating that his advice to the shareholders was
to pay the full amount of the share, as they had objects
in view which he could not more fully er.tcr upon at a
public meeting, it was unanimously resolved to pay the
whole amount, the new shares to be issued preferably to
the existing proprietors.
The CHAIRMAN stated in reply to questions put to him,
that the expense of salaries was 1601. a year, and of office
rent and taxes, 7751. The consideration of the question
of remuneration to the directors was postponed so the ordi-
nary meeting.
A vote of thanks to the chairman terminated the pro-
ceedings.