The Sun.
London, England, 1855-10-11 00:00:00

there alluded to. He found, on comparison with tb.
vious hall-year's receipts, thatthe decrease in the re,
arose from the following items :—The outward t
the irate colonial tra:le, the homeward trade, the
colonial passage money, and hdrneward passage in
The decrease amounted, on the outward trad.
1,140/. ; the inter-colonial trade, 1,552/. ; the
ward trade, 421/. ; inter-colonial passage money, C
The latter amount was a very large one,
it arose from the completion of the Panama
way, during the construction of which nu.
of labourers were forwarded there by the comp
ships. The homeward passage money showed a dec
of 3,1201., which was to be attributed in some me.
to the pressing demand for ships for the transport
vice, which prevented one voyage•to the West Ir
and another to Brazil from being performed. Tt
rectors in their report alluded to the earnings o
fleet, and the large increase in the cost of repairs.
latter arose from the heavy nature of the transport
in the Black Sea. It frequently occurred that
ships had to tow three or four ships of 1,000 tons
at one time in bad weather, and in sonic instan.
many as seven ships at a time. This work was
trying for ships employing great steam power.
ships in the West Indies had in consequence of ti
mand for ships in the Black Sea, been overworked
it was not surprising they bad broken down there.
or four ships having been released from the Black
extra ships had been sent to the West Indies ; so
without something occurred out of the ordinary c
of events, the irregularities that had been complain
would not occur again. The honourable chai
alluded to the increase in the cast of
The claim for compensation from the Governmen
the extra risk in time of war : that from the 10th
the rate of freights for the Transport Service had
reduced 10 per cent. ; and, in conclusion, said th.
rectors considered that, as provident men, they
..ot recommend a bonus to the proprietors, or an inc
in the amount of dividend, unlil they were in a 1
financial position.

Mr. G. HIBBERT seconded the motion for the r
tion and adoption of the report.
Mr. HASZLTINE complained of the accounts, i‘
he considered required adjustment, end moved, :
amendment, that the report of the directors be no'
proved of, that a bonus of W. per share ought t
paid out of the earnings of the transports, and tha
lirectors be requested to meet a committee of sl
Holders for the purpose of adjusting the capital an,
accounts.

Mr. SUTTON seconded the amendment.
Mr. MILLS and Admiral KELLEY a!so spoke on
policy of the directors and the pasition of the com
with reference to capital and the state of the insur
fund.

The CHAIRMAN, in reply, said that on the 30th

the Company's debt was 160,0001., and suggested
instead of the amendment being now pressed it sh
be withdrawn, and the shareholders wait till April,
a balance-sheet would be presented, showing the
state of the company's finances.
The ACCOUNTANT said the above sum represented
Cie amount of cash overdrawn, and was not a bal
uf account.

A SHAREHOLDER asked the Chairman whether the
balance on the 1001. shares had been made up by
rowed money or out of revenue ?
The CEteirimeic said out of revenue.
The Hon. Shareholder said it was a course di&
to that pursued by any company. He suggested
directors calling up their capital.

The CHAIRMAN said, it must be recollected they
:absorbed their insurance and reserved funds, whi,
was necessary to replace. He would rather call up
capital than borrow money at 6 per cent.
Mr. MASTERMAN asked Mr. Haseltiae if he
r, he 2/. bonus to be paid from the earnings of
transports

Mr. HASELTINE—Yes. The earnings of the t
ports amounted to 600,0001., and surely that would
a profit of 30,0001.

Mr. M&STEEMAN said the earnings of the transp
was but one item in the account that day presents•
the shareholders. The surplus profit was 276,0001.,
of which they had to take 143,0001. for current ha
ties, and put by 6 per cent. on the value of the flee!
1853, and for the first half of the present year, wb,
net surplus for dividend would remain of only 46,0(
Mr. HABELTINE said he had no desire to embarras-
directors. All he wanted was a recognition of the
ciple that the shareholders should be paid every half-,
the profits earned on their money during that pei
and that if the directors wanted money they should
up their capital, so that the shareholders might get
interest for their money, and not have to wait till
debt were paid before getting anything.
The CHAIMIAN said the directors in their report
ceded the principle asked for by Mr. Haseltine.
The amendment was then put to the meeting andl
13 only voting for it. The original motion adopting
report, which declared a dividend of 21. per cent.,
carried by a large majority.
Thanks were voted to the chairman and directors,
the meeting separated.

MARKET NEWS.-(THIS DAY.)

CORN EXCHANGE.

GENERAL AVERAGE PRICES OF BRITISH CORN
For the week ended Oct. 11, 1855, made up from the Returns o
la4pectors in the differeut Cities and Towns in England and tk
per Imperial Quarter.

WHEAT. HARLEY. S OATS. RYE. BEANS. PS
76s 6d 37s 01 28s 71 , 50s 101 , 48s 101 146 a

THE SIX WEEKS' AVERAGE.
1111EkT. RAMAT. 1 OATS. BYE. BEANS. PE/
755 11.1 35s fid 28s 7d 46s Gd 48s 44 42s
QI7ATITIES OF GRAIN SOLD LAST WEEK.
qheat, 155,921; Barley, 21,588 ; Oats, 16 493 ; Rye, 1,355 ;
3,235; Peas, 1,059 quarters,

MEAT MARKETS.

NEWGATE AND LEADENHALL.—We had a slow sale
each kind of meat, as follows :—Beef, from 3s 4d to 4s
Nfutton, 3s 6d to 4s 6 1 ; Veal, 3s 10d to 4810 d; Pork, 3
to 5s 4d per 81bs, by the carcase.
SOUTHALL, Oct. 10.—We had a slow sale for bet
the supply of which was good, at drooping prices. D.
other kinds of stock sold steadily. Beef, from 3s 8d t
-d ; Mutton, 3s 6d to 4s 10d ; Veal, 4s Od to 4s 10d; P
4s Od to 55 0,1 per 81bs, to sink the offals.
ROMFOHD, Oct. 10.—There was a full average bui
doing in to-day's market, as follows ;—Beef, from 3s 6
4s 8d ; Mutton, 3s 8d to 5s Od ; Veal, 4s Od to 5s
Pork, 4s Od to 5s Od per 81bs. Quarter-old Store Pigs,
to 283 each.

HAY MARKETS.
SMITHFIELD.—Meadow hay, 3/ 10s to 6/ Os ; clover d
4/ Os to 61 lOs • and straw, 1/ 8a Od to 1/ 12s Od Par I
Trade rather dull.

eIIMBERLAND.—Meadow hay, 3/ 15s to 61 ; clove!
41 Os to 6/ lOs ; and straw. 1/ 8s to 11 13s per
A fair average supply and a steady demand.
W KITH° HAPHL.—Meadow hay, 3/ lOs to 6i Os; clove!
4/ Os to 6/ 12s ; and straw, 1/ 8s to 11 124 per )
Trade inactive.