The National Register.
London, England, 1815-10-15 00:00:00

THE_ NATIONAL REGISTER;

licence under %Inch we are Aboit t to commence rerltdming) which I
may be valued at a sum of not less thati.3,sool.—This has been from'
en early period established as a customary fee for a Theatrical Li.
ccnce, at the Lord Chamberlain's Office.
fi The Annuity of 3,7501 to the New Renters of the late Theatre,
yvhich the Proprietors have bound themselves to pay for every 1100
nights, may be valued at 70,00131.
" It will then appear that the positive amount of property vested
in the present undertaking is as follows : aom
lb For the purchase of Estates, and Patents, and Licences, origin-
ally calculated at 90,0001. - - • • 1/5,765 10 10
" For the building and furnishing the Theatre, origin.
ally calculated at 150,0001. - - - • 103.T64 7 7
64 For the value of the New Renter's Annuity - 70.000 0 0

Together •
The real value given for the property.
" This sgm has been raised in the following manner ;
"By Shares and Bonds and Private Boxes soh" - 297,479 10 11
" VIIIne of the Annuity to Mr. Mash - - 3500 0 0
4. Value of ditto to New Renters - - 70,000 0 0
14 Leaving a balance bupplied from the Annual Re-
ceipts of . r T

• 379,029 18 5

4,0:i0 7 6

379,029 18 .5
It is, however, to be observed, that in point of tact not less
than 17.0501. 71. Od. op to the period of the lasi Report, had been
petnally supplied from the annual receipts-90001. the produce of
two private boxes created and sold in the present year, having been
spb-equently raised, and replaced so much alba! adyanee.
A' The Committee have received no Report from the Sub-Com-
ruittee of Management for the past season.
!' They have felt it, therefore, Ilioir duty to make themselves
accurately amainted with the results of the whole management of
file Theatre, from the commencement of the thst season to the pre-
sent time, and with these results they are desircius of makiug the
Proprietors acquainted..
" The amount of the annual aggregate receipt for the last three
years, has been ‘2,22,9061. l6s. 9d. The expellees, on the contrary,
)cave been 141,493/. 17s. 6d. being an excess of 19.:4071. Os, 9d.
which, together wjth debtor balance of R,0501. before mentioned, on
the building areoinit, forms the slim of 27,6;37/. Os. 3d. the present
amount of the debt on the Theatre,

" Of this sum 17.0501. T. 6d. is owing, in fact, for the deficit of
capital called for by the original cost--6,‘..861. Qs. Bd. for the balance
of expellee in the alterations and new decorations last year, after
deducting the 9,0001. (for which two of the new boxes were sold)
front the cost of the alterations, and new decorations, which was
iri,v861../R. Bd. leaving a balance of 4.1001. 18s. Id. as the loss upon
three year's annual receipt and expenditure, after lividing V 4 7811.
as dividend or interest upon capital, besides expending 1,,4001, for
iinsuranee.

How it happens that a Report Pllollld this year be made so
different from shat might have been expected. the (;ommitter
think it right that the Proprietors should explicitly understand,
more especially ai upon a clear conception of tl.e cause) of tltk
restilt, they will alone be able duty to appreciate the prospects
which it wilt be the duty of the Committee to expose to their

jow
i.
‘ On reference to the first Report. it will be found that 66,6001.
:gas the toll galeulated as the probable gross animal receipt for '2OO
;lights, of which the door-money formed one item of 59,0001. and
the private-boxes another of 5,7001, And it is highly satisfactory
to learn, that the average receipt for '2OO nights upon the last three
}ears. for the door money, his efigeeded the estimated sum by
4 3001. ; and notwithstanding the abstraction of near 3,001. a year
by the gale of private boxes, not limn in coutentplation, the whole
..calculated receipt has been rather exceeded by aim which has been
iodized. Uppn a continuation of this receipt the Committee see
co reason whateverto entertain doubts. _

The original caleitiltion of the neeessary opt goings, including
8 dividend of 5 per cent. ppon v 4.0.0001. capitaL then to he raised,
Ma! 17,7:10111e'!vilig applicable tp the gooduct vistike est•Mishautnt,
o net rum of -18 8501.
This raicaition of ;urinal h4esi outgojitgc, has been tsgeeded
in the following StIMS
A' The annuities to the new renters, from au original error of
tiv:tes, stated at 5.t1,',01. exceeding that sum by• • • 'Ol3OO 0 0
Inkurance of 50001. is .
And Inerease of Toes•?, rP••• • • , . • W 3 0 0

Kakjiv together jtp iperpse of •/• • • .• •J. i!lti . . • 94; g)

And &altogether a sam of 18 6881, iota pJ 13: 17,7:)01. ; leaving tl►ero.
fore the sum applicible to tl►e conduct of the e;lebli•►htppp4
47,5621, ts.

It bas then become the duty of the Committee, to ascertain
what, in point of fact, has been the average sum so expended lie
the management. They find it to have been for the first neap
45,0961. giving a balmiee in favour of the property of 2 4651.; bet
this stint does not include the expellee fur scenery, wardrobe, op
properties for that season; the %thole liaviiig been carried to Itto
original furnishing accopot.
" Poe the haat two years the annual expense of management lids
been 58,190, TA, exceeding the sum allotted to meet it by 10,6341,
sa. annually : and leaving a balance on Iv whole three years 4f
18,9981. supposing a dividend of 5 per cent. on the capital of
208,0001, shares to have been made for the preset year, foregoing
which, it leaves an apparent balance of 8,5931. against the Theatre,
which, however, must he diminished hy the insurance fund tltool,
vested iu the Consols, and It ince in hand at the end of the sear
son, together amoonting to 4,1;711.; therefore the real balance of
debt on the three years receipt and expenditure, is between j 110
" To this, however, must be edited the sum of 15.1501. still no,
paid, the coat of the alterations and decorations last year, which,
with the deficit balance of 8,0501, of capital rsjsed, composes, gisri
at the same time explains, in what sources, the present deist of
17,00(1). against the Theatre has arisen.
" This explanation which the Committee have felt themaelve4
bound to give at length, and without comment. the y ore happy to
be able to follow with the substatice of the Report made to then
lip to the present time by those Gentli.nn 11 vs ho have m 14114411
the management of the Theatre ft orn the close of the 14%t seasoit.
" They entertain a well grounded confidence iii a contimiatioo ta
the average receipts of the last three years; which, it meat be unl
derstood, have, on the whole, been by no means unusually taro.
‘"fliey have therefore, with this receipt before them, extried
them+elves so to reduce the Peale of expilices, es to be able lairly
to calrolate on a dividend eii the following season.
" They have fairly submitted to us the detail of their several cat.
culations, against which record they desire the result of their tabour;
to be triad at the conclusion of the epsoing ataSeril. The reduced eliar
penditure cn which they have placed the estabf ,Intent, excveda
sum of 6,0101. per annum, as against the average of the three seasons,
► and a much larger sum as opposed to the ex pence ot the last seasoo,
" They have met with the most hearty co-operation en the part of
the Officers, and the whole Com pany. of the Theatre; and we feel
confident it will not be from a want -of zeal to serve your interests if
, their endeavours shall prove less successful than we anticipate.
" Of the otitstapding claims since the last Geeer.ll
.Report? /WI
New Renters remain in the same situation as at that time.
" Time 3,0001. SHAR FS -,•Oise bath been settled with by his accept,
ing eight joint stock shares ; the Proprietors of lour other B,ofal,
shares have agreed to accept the like .compensation in join; pock
shares, with the past dividends, and are now settlin4 with.
" THE Oto RENTERS.—Seven remain unsettled, the claims cf
which will amount to, at 21 per cent. 4611. els. 9d.
MR. ADAM'S TRUST.—Ten remnant onsettled, at c:F.i per cetn,
4171. ,(41.
I...cy's A neeirt F.S.—One has been settled, and one remains tg
be contpensated ; the amouut of which will not exceed 230),
" The claim of a judgment creditor upon Mr. Adam's Trust, men,
tioned in the last Report, for the whole of his debt, with interest,
has, in consequence of a bearing in the Court of Chancery, bee
settled, n
by that creditor accepting subscrip:ion shares for the *um pies
vionsly offered to him by the Committee.
" The Committee feel, that if they have not been able to rrake tine
Report answerable to your wishes, by the declaration ot a dividenda.
they hays done their duty, at least, by you the full extent pt
your real situation.
" They have endeavoured to commit themselves to no fallacious
.1 prospects; they have given you facts with which
mit was tilting yoia
should be accurately acqoainted, in order to form just estiate ;leg
value of 'your property.
is It has been hitherto the practice to print the • übst nice of tl g 44r
nual Reports, in questioning the wisdom of con!inyi eg this ei,stc9i.
the Committee can have no interest separate trpal that ut the P pre
tors. But they sugeest that it is an expence, tending only to
.arlef4
information tolliose who can have no title to acoaire ir.
" The present Report will lip at the Seecretaryts Office, at tit 'l7.
tre fo-r the inspection of any Proprietor; and the Secretary, vqto ,fit:
tends during th'e bouts ot loinesS„williaJ ilrAti to alfoid c% • ry ef?
planation on the purport of its compots,
The Proprietor pt the Spthiper t.stabhs,hownt at the I ycFur4
having announced to the public an ituletinite eia tension of his '1 heat/1.,
cat spzeulations, the Committee un yOl4/ bchalf, together with tt
tatop thePhrourietors of Covent-garden Theatre, have lost no time in arryi• g
i
Lord Pll4/101;1'44), !,9 10.(4 TbToticp 411 1 POl4l

representation of the enormous amount of
establishments on the faith of the continued ,
therto enjoyed.
" Ard the Committee trust they will di
which may arise in the minds of the Proprietors on this" subjeft, by
stating to you the intire a id implicit confidence with which they rely
on the continued protectid iof his Royal Highness the Prince Regent,
who graciotoly condescetu ed in a special manner to countenance and
promote the restoration of both these national establishments t which
l,ad been ruined by misfortune, to their present splendour and favour
with the public."
' In answer to a question from a subscriber, Mr. D. Kin-
naird observed, that at the last meeting, when be bad alluded
to the probability of the receipts of the two preceding sea-
sons furnishing a dividend of 101. per cent. he merely meant
to state, that such a dividend would have accrued had not.
17,0.501. been drawn from the general receipts, to make
.good the deficit of the original expence.
Mr. P: Moore observed, that the great object of the re-
port which they had just heard, was to prove that the pledges
originally held out would have been realised, had the whole
of the funds appropriated to the payment of the dividend
been strictly applicable to that purpose. Their pre-
sent difficulties had arisen, partly from the inevitable imper-
fections of the plan upon which they were forced to act.
It was a joint stock concern, and.the subscriptions never
were completed. Instead of 500,0001. which it was at first
- proposed to raise, not more than about $46,0001. were ac-
tually obtained, leaving a deficit of 54,0001. Notwithstandui
ing this, however, a great deal had been done ; and for wisa4:
bad been done, every proprietor must feel himself eternally 1
inciehted to his departed and much lamented friend--(Ap- '
plause.) But it surpassed the powers of any single indivi-
dual, especially of an individual who, like the late Mr.
Whitbread, had so much of his time occupied by great po-
litical duties, and those of various magisterial offices which
he filled in the country. He was therefore compelled to
trust a great deal to others, and the consequence was, that

loany abuses inevitably prevailed. He wished the present
proprietors to come forward and pay up the deficiency, •in
-which case he would boldly promise a dividend of 10 per
cent. according to the original calculation. Their future
prospects, however,•were most satisfactory. Within the last
three or four days he knew that the market price of the
shares had risen 10 per cent.
Mr. Cocker thought the Committee intitled to the thanks
of the Proprietors, for the clear and satisfactory statement
which they had submitted to them.
Mr. Perry most perfectly concurred in what had fallen
from his friend Mr. Cocker, expressive of the great merits of
the Committee, for the clear, intelligible, and satisfactory
. Report they had made. He should therefore beg leave to
move that the thanks of that Meeting he given to the Coin-
mittee for their Report. At the same time he must say,
with respect to what had fallen from an Hon. Gentleman ,
opposite (Mr. P. Moore), that any expectation of
.the defi-
ciency in the subscriptions being made up among them-
selv.es, would, he feared, from the present market price of
the shares, prove fallacious. it was, however, most satis-
factory to reflect, that from the judicious regulations which
had been adopted, they•had only to forbear fur one or two
years (by keeping down the annual dividends), when the
property would be placed upon a footing of perfect security
to themselves and their heirs.—(Applause).
Mr. Perry moved the -following resolutions, which were
b Alt agreed to.
Tirat the mretirru hi,hly apps oved of the Report of the Commit-'
tee, and t,ineetely thanked them fur the clear aad satisfactory state•
mew. which it rmit,:tited. Cato led unanimously.
Thai the Met lulu approved .of the appointment of the Right
the.Eail of are Right Holl—Aord /341" P the

- - ugh .
as to the propriety of letting the Theatre, yet he felt per-
fectly assured, tbat under the management of the Committee
it would be relieved from all its difficulties.
Mr. Perry moved, That the Meeting do approve and con-
firm the nomination of his Grace the Duke of Devonshire,
and-Pascoe Grenfell, Esq. as joint Trustees with Peter Moore,

Esq.
Mr. P. Moore wished to say a few words in explanation
before that motion was put. Under the former system, he
and his colleague in the office of Trustee (Mr. Harvey
Combe) had full confidence in the integrity and ability of
his departed friend. Of course all the receipts and expen-
diture of money passed through his hands. Upon the la-
mented death of Mr. Whitbread, rumours of a base and ma-
licious nature were propagated with respect to the disposal
of the money. He (Mr. Moore) had laboured, since that
'afflicting event, morning, noon, and night, to ascertain the
application of the money, even to the minutestfraction and
he could now declare. in the face of God and that assembly,
there was not the slightest ground for such suspicion.—
(Applause).
A Gentleman observed, that he never beard of the ex-
istence of any such suspicion before.
Mr. P. Moore replied, it had been darkly rumoured, and
b• had even received anonymous letters on the subject. In
order, however, to prevent a repetition of those slanders, it
had been resolved, until some new mode was adopted, no
.money should be paid but by an order of the Committee,
which should be entered in their proceedings. The motion
was then carried unanimously.
- The Earl of Essex having quitted the Chair, and Mr. P.
Moore being called to it, Mr,,Perry moved the Thanks of the
Meeting to the Right Hon. the Earl of Essex, for his atten-
tion and impartiality while. in the Chair.—Carried unani-
mously.
The following Ilesolutions were also unanimously passed':
That John Hosier, EA. and Richard Wilson, Esq. be elected
Auditors in the Nom of the Hon. Thomas Brande and Richard
Sharpe, Esq, who. had sent in their resignation.
That the Thanks of the General Assembly be given to the Hon.
Thomas Braude and Richard Sharpe, Esq. for their services as
Auditors.
That the Thanks of the General Assembly be given to the
Right lion. the Earl of Essex, the Right Hon. Lord Byron, the
lion. Douglas Kinnaird, the Hon. George Lambe, hncl. Peter
Moore, Esq. who have undertaken the duty, of conducting the
management of the Theatre.

TIIE NATIONAL _ REGISTER. OCT. 15.
..
•_. .4-, _ - 4,. . _
i.,
....., __
property vested WA* "Douglas klnne d,'
tTie Hon. lleoige. raiiitieTtiod Peter Moore,
protection they have ki- - Esq. R. R. as the Sub-Committee for the ensuing year.
(146 all apprehensions Sir T. Turton bore testimony to the zeal and diligence of
tors oti this subirttt. by the lace Committee; and though he still retained his opinion