The Northern Daily Times.
Liverpool, Merseyside, England, 1857-01-27 00:00:00

LIVERPOOL EXCHANGE BUILDINGS.

The annual meeting of the proprietors of these
buildings was held at one o'clook yesterday, in the.
Cotton Salesroom, Mr. H. Banner iu the chair.
The following statement of accounts was submitted
by Mr. John Younghusband; the treasurer.
The Proprietors of the Liverpool Exchange in Account
Current with jihn H. Younghusband, their Treasurer,
From Ist January to the 31st December, 1856, both
inclusive. Dr.

To Dividend for 1855 on 800 Shares at £8 lis
per Share
To Amount paid in Feu of the Right of
Nomination to the News Rooi for 1856 on
800 Shares, at £3 38 per filiare
To Disbursements on Account of the News
R nom, via - 8, 659 0 6
...
To Amount paid on Account of the Building,
viz
To Balance

£23,220 0 7

By Balance of Account for 1855 . £7,080 0 0
By Amount of Subscriptions to News Room,
&c
By Rental of the Building from 31st December,
1855, to 31st Deceniber, ]856
Bank Interest....

£23,220 .0 7

By Balance brought down
Deduct Amount to be transferred to the
tingent Fund . 505 17 7

Disposablo 8a1ance....... £7,560 0 0

Audited, 23rd January, 1857. CHARLES P. MELLY,
ARTHUR HENDERSoN.
CONTINGENT FUND.

Invested in the New 3 per Cents
In the Bank of Arthur freywood, Sons & Co. 1,319 19 4

£6,312 6 10

The Chairman explained that the actual receipts in the
year amounted to £1,600 and odd, the sum set down in the
balance sheet, ircluding £7,000 brought forward from
last year. They were compelled to transfer to the con-
tingent fund 2i per cent. on their net receipts, which in
this instance would be £565 17 7, but the balance of
£8,125 17s 7d, would not only enable them to pay that
sum, but would also pay a dividend of nine guineas per
share, in addition to three guineas in lieu of the right of
nomination of a member to the news room.

The report and statement of accounts were passed and
ordered to be printed and circulated among the pro.
prietors,

It was resolved that £565 17s 7d should be carried to
the contingent fund, and a dividend of nine guineas per
share, and three guineas per share in lieu of nomination
to the news room be declared,

Thanks were voted to the auditors; and Mr. Riston
and Mr. C. W. Newman were elected auditors for the
cur.ent year.
_ _

Mr. John Campbell. Mr. George Holt, Mr. Charles
Melley, Mr. John M'Rae, Mr. Stohltfort, and Mr. A.
Henderson were elected on the committee, in the room
of the outgoing mrmberi: -- -
The Chairman referred to the resolution passed at the
last annual meeting, authorising the committee to pro-
cure plans for the improvement of the Exchange Build-
ings, and stated that they had taken every means to fulfil
the object of the resolution. They advertised for plans,
and received a number (13 in all) from different artists,
all of them exceedingly clever. From these they selected
five, and gave to each of the artists a premium of £2O,
and then called on them to furnish detailed plans and
estimates of the cost, which they were required to do in
accordance with the terms of 'the advertisement. These
were furnished, but a difficulty arose as to the power of
the committee to carry out the works. Counsel's opinion
was accordingly taken on the matter, and he advised
them that they could proceed to no expense either for
improvements or alterations without first obtaining the
sanction of an act of parliament. It would be matter
for consideration whether they would apply for such
powers, and for that purpose care would be taken to call a
special meeting to ascertain the feeling of the proprietors
in the matter. They could do noibing this Session of
Parliament, but next session they could procure a bill if
it were resolved on.
In answer to a proprietor,

The Chairman said, that they had no funds applicab'e
to the improvement ; and there lay the difficulty. The
contingent fund was for the purpose of preserving the
buildings in their present state.
The matter then dropped.
Thanks were voted to the committee, and also to the
chairman, for their attention to the interests of the
proprietary.
Before separating, Mr. Bateson handed in a communi-
cation in reference to the ventilation of the room. It
was referred to the committee.
The meeting then broke up.