The Sun.
London, England, 1852-09-16 00:00:00

debate and argument. Bat it was not fair to attack the
half-year
merely because it was possible last
half-year to pay a larger dividend than 31
per cent. The chances were that when the
day came for the renewal of the charier, some strict
economist in the House of Cournons would propose some
alteration which might affect the dividend, but at present
there was no necessity to; en tering into the matters
brought forward by Mr. Do Winton.
Mr. DE WINTON rose, amidst some opposition, and
admitted that tae had entire confidence in the directors,
but he thought if their accounts were well kept, they need
not be ashamed to show them. There was now an item
of 12 millions unemployed, and if only half of that
were employed us one-and-a-half per cent. it would
produce 90,000/. a year. If the accounts were placed
regularly before the proprietors every half-year he was
convinced the proprietors would have a larger
dividend, and hey would, besides, be enabled
to judge for themselves whether the business
,was
eraid 'Di
ucted in the most economical way possible. e
ion. Proprietor then gave notice that at the newt meet-
ing he would propose that a copy of the accounts be
rmeglrue stock,
lilytransmitted to alt proprietors holding 5001. or
at least three days before every half-yearly
Meeting.
COOK deprecated the suggestion made by Mr. Do
vvinton as to the more extended publication of the ac-
"nuts, inasmuch as the Bank of England was
not like 4 provincial establishment, but had to manage
the transactions of the Liover.atuent, which could not be
leaked into.
Mr, NI
—ASTERDIAN, M.P., alluded to the present scarcity
of silver, and inquired whether any measures were iu
progress for rendering the supply more plentiful.
The GOVERNOR said the Bank of England had
auft'ved as much inconvenience as any of the
London bankers from the want of silver, which be be-
'laved had been caused by the abstraction of a certain
quantity of silver coin for emigration, at a time when
!liver was in general demand for agricultural purposes
in connexion with the harvest. This silver was
abstracted at a peculiar moment, and to a greater
extent probably than it could be under any other
Circumstances. Mr. Masterman, as well as every
WI)" banker in London, was aware that the
Ink of England had no control over the silver
Circulation.r, They were supplied with the coin by the
Government, and they were not allowed to hold a larger
amount of it than was necessary for their ordinary
vouuu k ing purposes. But at the same time they endea..
tired to give every facility for the distribution of silver,
rtiaud they kept up at considerable expense an establish-
elt almost exclusively for the purpose of arranging
ingress and egress of silver, so as to give rise to as
treinconvenience as possible in its general distribu-
tion. It was with very great unwillingness they
three any impediment in the way of London bankers
ilarge sums of silver for their country cor-
sPandents, who seemed to think that the
utak was bound to give every amount they
tk 'ed for, without regard to the amount in
f° treasury at the time. It was quite impossible
oil
tor the Bank to accede to their requests, but the
ra direc-
n_ had ordered a quantity of silver coin, and he be-
Zved
ea all difficulties in obtaining a supply would speedily
Ppear.—(flear.)
—lle dividend was then agreed to, and the warrants
11Touticed to be payable on and after the 11th of Oc-
10eer next.
The proceedings then terminated.