Northern Times.
Liverpool, Merseyside, England, 1857-09-11 00:00:00

erected, capital subscribed, and t,',14 Works have ttained
a depth as whirls important results may be ashieved.
Esit Basset has reacted 501 ; West Frances
stand at 17i to 18, while North reran c,s is looking up, and
likely yet to improve. At Sr.uth Buller and West Pen-
strathal the cross cut is be'a4 driven eight fathoms per
month, at a depth of 43 ko 45 fathoms from surface ; the
cross course. is now traviersing a b3autifel channel of gra-
nite, with an elvan coarse running parallel to it; the lode,
which is about 20 fathoms in advat C 3 of this cross-cut,
will prob=bly, Veen intersected, prove productive; it stands
whole throughout the cmpan3's grant, which adjoins the
Basset and Penstruthal mines. In the west we have North
Levant and Pendeen, worthy attention at ruing prices.
The tin mines of troy Lelant are looking well • Margaret,
Providence, and Kitty are, and must cmtinue (with ode-
iag prices of tin) to pay large quarterly divideuds ; Lelant
Consols ought to do better, and East Margaret should pay
dividends if reports current ba true. Margery looks encou-
raging, whist Great Wheal, Vor, and Boiling Well are
flat, the former at £3, and the latter per share.
The Chilena has arrived from Shanghae, with
430.700 lbs. of tea, and 1,018 bales of silk on
freight.

A very unpleasant feeling has been excited in the
Stock Exchange by the refusal of the directors of the
Riga and Dun aburg Railway Company to return the
original deposit of 1l to the holders of some of the
old shares. The terms of the advertisement put
forward Fy the company were as follows :—" Any
holder of the original 1001 share on which the call
of 41. has not been paid may receive back the original
deposit of 11. per share on or before the 7th day of
September next, on surrendering the said share, and
leaving it at the company's offices for two clear days
previously for the ,usual verification." On Monday,
the 7.h, members of the Stock Exchange took to
the company's office several hundred shares,
to claim the return of 11, and were astonished at
meeting an absolute refusal on the part of the
directors to receive them The ground of the
refusal was, that the shares ought to have been
presented two clear days before the 7th, exclusive
of the Sunday. Considering the length of time
during which the affairs of this company have
been in abeyance; and the delay of 18 months
which has occurred before it could be said to have
any real status at all, the sufferers consider that
the course now adopted is the more remarkable.
Many persons have always entertained the opinion
that the directors are personally liable to return at
least the original 1/ deposit, as the terms of the
original prospectus was never fulfilled. It is alleged
that the opinion of counsel is confirmatory of this
view, and that the directors sere recommended to
voluntarily offer to the original holders a return of
the deposit. The hoard have only themselves to
blame if their present conduct induces a suspicion
that the notification above quoted was dictated
mainly_ by a wish to screen themselves from per-
sonal responsibility. The unpopularity of the
company in the Stock Exchange ier not likely to
be diminished by the affair, and this is a point in
the case which concerns the entire body of share
holders.

A considerable extension of the existing plant
has been made in the iron districts of
South Wales. At Ebbor Vale, tin increasing
business requires increased means,and now
nearly 3,000 constantly find employment at
Abersychan. At Dowlais, the enormous engine
and rolling mill, are advancing towards comple-
tion. This engine is to supply blast to six fur-
naces, and the rail mill is to manufacture 1,000
tons of rails per week ; the rough mill to make
7(10 tons, and 200 tons of bar iron is to be made by
a bar mill. This rail mill is to roll bias of a length
and size never before attempted, and this at a
speed of 110 revolutions per minue. At Aberdare,
and in the other valleys, an extension is also
going forward.
The Bank of France return, which will appear
next Friday. is expected to show a satisfactory
improvement in its resources and general posi-
tion. Although the purchases of gold have been
limited, an increase of 100,000/ to 120.0001 is
believed to have taken place in the bullion, while
an equally encouraging alteration is anticipated in
the securities and notes, It is said that the
demand for money is less urgent, which renders
it all the more difficult to understand why
the Bourse should continue so depressed. A
gradual dwindle in the value of the Rentes has
taken place for some months, and the Government
Three Per Cents. are now at the miserably low
price of 06 85, showing a want of confidence not
very consolatory to those interested in the financial
condition of the country. Several minor influ-
ences can be found to account for a portion of
this inactivity and heaviness ; but the chief cause
is the suspicion evidently felt with regard to the
soundness of French finance, while the.difficulties
eg the Credit Mobilier assist in no unimportant
degree to augment the general depression.
A special general meeting of the New Brunswick
and Nova Scotia Land Company was held to-day,
at which it appeared that a surplus profit of 6781.
18s remained in hand, from which the directors
made a dividend of 5s per cent. The dividend
was agreed to.

The adjourned meeting of the Submarine Tele-
graph Company was held to-lay, at which a
dividend at the rate of seven per cent. was
declared.