Northern Times.
Liverpool, Merseyside, England, 1857-09-01 00:00:00

on the works, being the amount authorised by the
Act. At the Boston and Sleaford meeting, the
chairman, Mr. Herbert Ingram, M.P., in moving
the reception and adoption of the report, stated
that since the line had been open from Grantham
to Sleaford, the passenger traffic had been very
satisfactory, and that arrangements had
been made for opening the goods traffic. The
directors proposed to borrow 30,000/. by
the issue of shares to finish constructing
the line to Boston ; and he had every reason to
believe it would meet with the general support
of the inhabitants of the neighbourhood. Already
support had been promised by the inhabitants of
Nottingham and Boston towards completing the
undertaking. He consichred that ultimately this
would be found to be one of the most productive
lines in the kingdom ; and he hoped to be able at
the next meeting to declare a dividend. The
report was received and adopted.
At the half-yearly meeting of tbse British Tele-
graph Company to-day, a dividend (after paying
the preference holders) at the rate of 4 per cent.
per annum was declared upon the capital of
231,08(1. The accounts of the two companies
showed a joint profit of 15,3121. The report was
adopted.

The half-yearly meeting of the Thames Haven
Dock Company was held to-day. The report was
very brief, it simply announced that owing to the
state of the money market the directors were
unable to hold out a prospect of any immediate
commencement of the works c ome expenditure
will be necessary for repairs of the sea-wall, but
they will take care that every proper economy is
observed in this necessary evil. The receipts of
the half-year, including 53113 s lid brought forward
from the last account, amounted to 1,2871 12s 2,1 ;
and the expenditure to 7221 12s 3d, leaving 564/
19s lld in hand. The expenditure includes 248
183 10d paid to the solicitors as a balance of dock
bill, and 2401 engineer's balance, paid in Tilbury
stock. The report was adopted.
The quotations of exchange on London, given
in the letters from India and China, do not quite
agree with those previously transmitted by tele-
graph. At Calcutta the tendency is rather worse,
but at Bombay a more favourable movement is
observable. Subjoined are the closing quotations
for first class paper, as reported by the last and
present mails :

PREVIOUS MAIL. PRESENT MAIL.
At Calcutta 23 lid to 2d to 2iti
At Bombay
At Hong Kong
At Shaughat
The market for Bar Silver was rather firmer on
Saturday, and transactions took place at 53 lid
per oz. standard. The amount of the metal
actually purchased as yet for shipment by the
Indus on the 4th September is about 500,0001.
The total may perhaps reach about three quarters
of a million, but nothing beyond a conjectural
estimate can at present be ventured upon.

The prospectus of the Red Sea Telegraph Com-
pany (limited) was issued on Saturday with a
proposed capital of 300,0001., in 60,000 shares of
01. each, on which the deposit is fixed at 11. per
share. The first section now proposed to be
undertaken is that from Alexan lria to Aden, '‘ so
as to effect telegraphic communication thus far
with India at the earliest possible period." The
objects of the undertaking are lucidly set forth
in the following extract from the prospectus :
This object may be completed in a few months, simul-
taneously with the Mediterranean telegraph to Alexandria,
By this means communications with all India will be
brougi t within one week, and by the ex eusio t ) Kurrachee,
which will immediately follow, hourly Onmunieation will
be established. The political vane of this undertaking
at the present juncture is too painfully established by re"ent
occurrences in India to require comment, while its social
and commercial impDrtarce is scarcely less urgent. The
Honourable the East India Company participate so fully
in these views, that they have consented to guarantee a
minimum annual revenue of £20,000 on the first section
to Aden, from the date of the first message received,
accomp: nied by assurances of every necessary assistance
and support. This arrangement only awaits the confir-
mation of her Majesty's government, without which
the company will not proceed. .As a commercial
investment, the returns, which have been carefully pre-
pared, and which may be inspected at the office, show a
profit far exceeding any ordinary returns from similar
enterprises. This statement will be appreciated by those
connected with the trade of India, to whom it will be
evident that all orders for produce, insurance, shipments,
arrivals, departures, accidents, change of destination of
vessels, &e., &c , would be the suqject of telegraphic com-
munication. It is proposed, so soon as the capital is
subscribed, to purchase the Atlantic cable, or provide a
new cable, whichever may. be decided to be best fur the
object in view. The cable will be laid in sections of from
300 to 600 miles, and arrangements have been made with
re,ponsible contractors to undertake the risk of laying it.
The c anpany have secured the necessary concessions from
the Turkish and Egyptian governments.