Northern Times.
Liverpool, Merseyside, England, 1857-09-18 00:00:00

te
whose fresh and telling; voices are as pleasant
hear as their zeal is conducive to the good effect of
the execution. Of these there is a !Alan%
W7"7"
strong, which, added to- the band, presents a
efficient body. Their quality was tested yestettlai
and to-day at the rehearsals, when the most in3lOrtanr
pieces in the programme were gone through. The °ID;
levying are the names of the principal soloists, vocals
instrumental:—Madame Clara !Novelle, Mademoiselle
Leonhardi, Madame Weiss, Mrs. Loekey, and ged7
moiselle Piccolornini, Signor Garden', Sigeor Gingko
Mr. Lackey, Mr. Miranda, Mr. Weiss, and Signor B 11
O
(vocalists); violin, Mr. S,ainton and Mr. Blagrove;
cello, Herr Hausmann. The festival begins to-night iflti
a grand concert, at which Mademoiselle Piccolotajoi °,l
Signor Giuglini are to sing, and Mr. Howard
" Tom O'Shanter" is to be given for the first time-
programme is of a more than usually '°miscellanaev;
character. To-morrow morning Spohr's cantato,kill
ae "The Christian Prayer," Mendelssohn's "grin A;
Praise," and Mozart's "Requiem" will constitute a °le.-,
admirable and interesting programme of sacred muggy"‘
At the second evening concert Spohr's symphony °all"
the " Seasons" will be performed, and the Italian " tretinf,
make their second and final appearance. The oyall'benl/1
which is new to Norwich, may be remembered in Lon
oil
as the one composed expressly for' the so-called Naiieh-or
Concerts, which made so memorable a failure at;ii
Majesty's Theatre in the winter of 1849.50. Thers'Ad
morning Beethoven's " Mount of Olives," and 1-131 v
" Seasons" will keep the performers and the audieve.
St. Andrew's-hall till late in the afternoon. By t1t,4114'
the former is annonriced as "arranged by Sir w—of
'Smart," the latter as "arranged by Professor TaYiersig
Would it be indiscreet to demand what the flol
" arranged by" may signify ? As the third of
last evening concert on the same day we
to have the " Pastoral Sympathy" of Besth°'e:l
and a selection from the music to the l'eeoo
part of Goethe's " Paust," the composition of Mr. Piergs;
whose oratorio of " Jerusalem' was produced at the,seo"
wick Festival of 1852, and commented urn et
length in our report of the meeting. On Friday oeAr-feol°
the undying " Messiah," and in the evening a fancy "..;do
ball at St. Andrew's hall will bring the festival to a v'iti
The old city is rapidly filling with visitors from all tarot
and assuming an aspect of unaccustomed animation. ,of
streets are thronged especially in the neighbourhoele
the hall, where the strains of music are eagerly estebet
the " outsiders," and the scarcely anticipated fine vree'rfor
makes everything and everybody look gay and eheeffel
The Duke of Cambridge was expected to attend the 130
tival, but has excused himself to Captain Ives'lel
proffered host, on the plea of other engageoneSte'milo
shilling concerts at the hall, which usually usher
festival, hive again been successfal. Tire last tool; rd#
on Saturday evening. At the previous one on Wednestbb
upwards of 1,200 persons attended. Dr. Bet 0
z?alous and able organist of the cathedral, has hee-do
industrious as of yore. The anthem, composed fe; of
installation of the Bishop of Norwich, was perferaf'add
his admirab'y trained chair on Sanday. Of this' 6-

he choir we may speak on another occasion..

BANK OF ENGLAND MEETIN.a.

i
Yesterday, at noon, the usual half-yearly Gener,-a-., tit/
of Proprietors of the Bank of England was held 00
Bank parlour; the Governor (Ur. Sheffield Neale)
chair. gr
The minutes of the two former courts having been
to
and confirmed, 0001
The Governor said—l have now to acquaint the 0001
*hat this is one of the quarterly general courts, sPrddsro
by the charter, and also one of the half-yearlYlisg,
courts appointed by the 12th b;e-law for 01„7",ogvi
dividend. The net profits cf the half-year en
a4O
31st, of August last wore .£775,650, making the efil°ol7,
the rest on that day £3,840,625 is 3d, and after
for a dividend at the rate of 51i- per cent. for the ttrA
the rest will be £3,040,210 11 3d. The court of digerm
therefore, propose that a half year's dividend 01,15:1
and profits be made on the 10th of October, .1 ,
per cent,, without any deduction on account 01
aid

tax. the u.'o
Mr. Pilcher : Although there is an increase in t 11,4
dend, perhaps I may be allowed to ask how it le t11:03,4"
still so small, as compared with the dividend dee`llolC
the banks in the neighbourhood?' They (the
ladies," as I may call them) are declaring divideeA 047,0
or 20 per cent , but our establishment. the
only divides 11. How is it that with larger P—fit
the other banks our dividend is yet less? 'nel
'`The Governor: The difference is easily el,j4lbseo
is rather nominal than real, and is this fore,
which you allude have small capitals, and, the blew th
profit they make-41t1r:ugh less than ours--enadieicl
to divide upon their small capital the larger irk',
The Bank of England has 14,000,000/. of et fol
although its profits may be larger than those of t-uw:,
banks, yet nominally they will not yield the sale"
interest as the profits of those banks. cap
Mr Pilcher : Yes, sir ; but how much of our 011,.
we keep unemployed ? col 9
The Governor : We have none unemployed 13°J;0
which, as prudent bankers, we are bound to keep ",„(10
Mr. Pilcher: Then it naturally follows that Ic",110
employ our capital as well as the young banks,. the A
ladies,', as I have called them, do theirs. ,in
Mr. M. Clarke : We have earnel £811),Liv"!oili
going to divide £BOO,OOO of that. The division otiN
place upon fourteen millions of capital, which is a Of
£1,600,000, upon half that capital. Tho wolka3'
of our bank is only about three millions. Of
Mr. Pilcher : But why should we not 01131°1.
our capital ? - , .„0"
The Governor : We are naturally in our pos,ll-„i,.,,0,
to keep a much larger reserve than private bans-tiarri
The question that the dividend be declared P"vtll
and after the 10;h of October next was then tt
carried unanimously. ,
The Governor : I have now to inform the 0° last
the present rate of dividend exceeds that of thethe
year, it is necessary under the provisions of r,
parliament that the same should be confirmed 1L001:
the customary manner ; and I have now, viieclii
move that this court do stand adjourned till r joi!j
the 22nd inst., at 4 o'clock, then to take the dete,for
of the proprietors by way of ballot upon the ig"

j.
dividend. -
The motion was ag.eed to. „, to grti:
Mr. M. Clatice : It only remains for ns 13„0,7,10'41,4
vote of thanks to the Court of ,Directors.
the dividend is 51 per cent.; but if it had 0011, 80,Y
think the thanks of the court would be ecoally °llooi
because they have kept in view what is jot too
00,4
proprietors, and at the s me time have 11'0 "or
commercial interests. (Rear, hear.) To acecejor:ol:
they are the regulators of the monetary system etrece
and they are not always masters of their own P,OOA/1
but the manner in which' they govern the wh°',llol,Y,
much discretion, prudence, and ability, that ' 0'1;100'
our best thanks. (Hear,. hear) I therefere,A)
only due to them that they should receive ao.6frigel:o.6
our public approbation of their past conduct.. 'vet e7j
Mr. Alderman Salomons : I have grew n'ear:C
seconding that motion. In all my exper'° oi9j
conrte, this is the first time I have heard &Al
in the language of complaint about a We, tli!os
dividend. (Hear, hear.) I suppose, hower ; 0(1
is in our constitution someth:ag; which grant
feeling that, the more we get the more we be
and a laugh) Perhaps, therefore, I maY dif
hope that,, consistently with. what is due to to to'
nvg be in the power of the Court. of Direet°lt SO4o'
an increased dividend. (Hear, hear.) Pert°;oo%
in seconding this motion, that we have ever, eece
satisfied with their eor.duct, and with the rilsjt
they have managed the affairs of the bank, eat,
videe
much to say, by one) who has read tbe e tie do
members of the Court of Directors before Pit:oo,ot
there never was a period when the character 0
01;
and the court stood higher than it doea,,;ootr
greater effect was produced upon a parba;io,
not only to the interfasts of the propri to
mittee, than was produced by that evidence,
ator6 silt
resolution
oelgu
ttioo
ur e,tAruhl
of the public. (LTear, hear.)
The resolution was carried by acalernati°Tief ;0:4
The Governs):: Gentlemen, in the name°, die, 01,./
4
that in the difficult and arduous duties be co0;0$1
inehyyoouu oar
have
i just
tt epatshseendk. s '.:014010:5
upot those who have the management 0f atitreftlf
it is always to them a source of e°,.c„-t3 t 121,44
prietary,
support if they can obtain the approbate euti"ff,
(Hear.) I may also add that 00 .11
able to all those who have the conduct of 0800.10
great national institution and who are liec,,,eo ,ttol
—te whom it is a duty—to keep 100:i
interest—cm at the same time meetiopiP-tat,
and ascertain from"them that they ar°,, bar „el
have not sacrificed their interests, but „riot'''.
tended to the general interests of the Pl9.'"
(seer, hear.)
The court then adjourned,