The Express.
London, England, 1861-06-06 00:00:00

CRYSTAL PALACE COMPANY.

The report of the directors to the 12th ordinary
general meeting on the 11th instant, which bee been
nosed, point. to the steady increase which has taken
place in the number of visitors during the past
ax maths over those of the correepoading periods.
Since the last meeting the refreshment counsel
has been reoewed with Mr. Strange on satisfactory terse
The directors are continuing their vigilant supervision over
the expenditure, and its efficient application. The repair
and renewal of ma poetises of the Palace exposed to extra
wear and tear, sums the floor and roofs, has been pro-
ceeded with as ecanion required. The 'debility of the main
building received as severe a test as it bly ever will re-
ceive, in the tremeadous galas of Febuary last. On the
termiastion of the storm, the directors caused a minute ex-
againatios to be made !of the entire structure, and it is
notiefacthey to be able to report, that notwiths.ending the
unprecedented violence of the wind, the main building sus-
tained no dump et any importance, or which his not
already been thereeghly repaired. With regard to the
other portions of the Palace, the propristeee are aware that
a part of the north wing was blown ddoowwun on the same sem-
sioa. The block or tower whisk formed the ternsiastioo of
that wing and which appears to have falls. bet, dragging
with it the shell of the adjacent corridor, wee originally in-
tended to carry a large water tank foe the playing of eons*
of the fountains, the weight of which would leave gives it
that stability which,'in the absence el the teak, it did not
CbsThis tower it is not proposed M present to rebuild.
. corridor will be reinstated, though a* to the height of
its lower story, and it will form a coaveeisat orangery and
furcing.house for pleats, the want of which has long been
prejudicial to the floral resources of the establishment. The
directors believe that by this plan the appearance of the ter.
race will not be impaired, but on the coutrafy improved.
The coat of the reinstatement contemplated during the pre.
sent year r eatimaged at under 1,6001. With reference to
the visit e( 40,074 persons to the Palace on Sunday, the groth
May, the direetees think it right to state that it wee is
istmee of as application made to them by certain
who are members of the " Crystal Pasco
&Ter Crag.' to be motto bring their families and
friends en that da charg A similar applica-
tion bad teen made in IMO; and the number who thee
availed themselves of the wannest wee 1,584. Hommel
Melees, wee received for adainsios, nor any companies lased
in the employment of the company's serve/eta ; nor wee any
damage whatever done to the company's property in the
leoe of grounds. The Crystal Palace slams clubs have
been formed among the proprietor, in consequence of the
resolutioa of the meeting of the 21st July, MK By
means of paymeut by instelmeate and monthly ballot they
afford a inetkixi of acquiring a small amount at the com-
pany's ordinary stuck—which confers the right of entrance
on Sundays -to those who might be unable otherwise toper.
chase it. A reaoluticia framed with the view of terminating
the expenses incun ed in circulating the reports and docu.
meats of the company amoupt the members of the
clubs and other small holders, is to be submitted
by one of the chief supporters of the movement.
Under the arrangement made with Mr. Wyche., in 110,
when he purchased, at a large advance on the price paid by
the company, a considerable portion of their surplus lands,
the company agreed to take from that gentlemau an under
lame of the Dulwich Wood at • rental of I,ooof. per apnum.
It has for some time appeared to the directors that it would
be much to the advantage of the company if they could, on
edible terms, purchase Mr. Wythes's interest in the
lease, and thus simplify the transactions between thecom
piny and the college, and at the manse time extinguish the
improved rent. With this view they have entered into re-
gotietions with Mr. Wythes, and have made an arrange-
ment, subject to the approval of the meeting, for the pur-
chase of his interest in the lease for the aunt of 14,5001.
This sum the directors primes to raise, by the creation of
debenture stock, leering interest at 6 per cent. per annum.
The company would thus remain liable to pay only the
1,3711. of annual rent direct to the college; wad the {wa-
vier, result would be a. follows :—The annual payment to
the college would Le diminished by 1,1291., while the in-
terest oa the sew amount of debenture stock would be
8701., so that a saving would be annually effected of 2.50/. ;
in addition to which the compiny would derive much
advantage in other ways, from dealing directly
with the college, and avoiding the expense of pro-
fessional assistance employed h 7 Mr. Wyth.s in
all negotiations for leases, apportionment of rent, ke.
The proprietors are aware that the 12,10ti6/. above referred
to as the price of the land taken for the road was paid two
years ago. The interen therein) at 6 per cent. has already
fo-med part of the annual charges spume revenue. but no
provision has as yet been made for raising this amount of
capital. This it is now proposed to du under the special
power. of the company's act, but it is obviaus that under
the circumstance it will not form any adilitioual charge.
These sums, amountiog together to WAXY., it es proposed
to raise by the creation of an equal amount of delimiters
stack bearing interest at 6 per cent. per annum, and ranking
equally with the sum of 2:40001. of the seine stock already
raised and paid up. This additional amount, if distributed
rateable amongst all the proprietors of ordinary stock, and
especially the numerous body of small hollers, would make
the allotment so insignificant that it appears to the direc-
tors closeable to restrict r.te allotment to the holders of 5001.
wed upwards of cadiaary stock. The consolidation of the
awe of the company into stock I. gradually being
effected.

ROYAL CisoonarzteaLSoct wrir. —On Monday, the
10th bleb, at p. as. at Harlington house, the followi outage;
will be read " Notes on the Duvet I )verland Te
to India," by Itager-Gesemi Sir Henry Itcsrliamme,
F.R.0.8. 2. " Mearees of the River Puree in South
ihemerica," by C. R. Markham, F.R.C.S. 3. "Despatch
free Lk. Livinpteee, dated Feb. 9, 1861, containing Dr.
Kirk's ppart on the Botany, ha, of the Regions of the
Zambesi."