The Sun.
London, England, 1864-02-01 00:00:00

OCEAN MARIN '3 INSURANCE COMPANY.

(MEETING THIS DAY.)
Tho annual meeting of shareholders of this company
took place to-day. The report, which was unanimously
adopted, stated that the accounts showed that on under-
writing and interest account, there remained, after having
paid all adjusted claims for losses, averages, and
returns, and all olfice charges and expenses, to 31st
December last, a Dalanco of £221,12G Os. 9d. The
period having arrived at which a certain profit has
been realized, the diluters recommended the payment of a
bonus of lOs per share, amounting to £20,000, in addition
to the usual dividend )1.5s per share on the paid-up capital,
They therefore proposed that the sum of £30,000, part of
the realized profits, be paid free of income-tax, and that the
balance of £191,126 0811 be carried forward.

The London Financial Association.

(MEETING THIS DA Y.)

of the preliminary expmses,
The half-yearly Ineet ng of this association. was hold to-
day. The report, which was adopted, stated that after pro-
viding for the current Expenses, and writing off the whole
of interest at the rate of 7 per cent. per annum en loans not
due, there remained a clear profit of L 28,765 Is. 7d. Out of
and carrying forward a rebate
this sum the directors proposed to pay to the shareholders
a dividend equal in amount to interest at the rate of 5 per
cent. per annum on the accounts of capital paid up, with a
bonus at the rate of 10 per cent. per annum, being together
18s. per share, free of income tax, and to early forward a
balance of £10,2-10 is 7d. to the next half-year.

.ne in

THE COLENSO COE,
it should now be bor
mind, has been removed, pro tern., from the tempe-
rate zone of Doctors' Commons to the warmer climate of the
Cape. The sceptical bishop has been tried (in his absence)
before a court of colonial bishops summoned to meet at Cape
Town. The accused, who demurred to the authority of the
court and the validity of the whole proceedings, was repro-
sented, in his absence, by the Very Rev. the Dean of Cape
Town. After full hearing, the following charges were pro-
nounced to be distinctly proved, vie., that Dr, Colenso was
guilty of heresy on nine counts-
1. ills disbelief in the Atonement ;
2. His belief in justification without any knowledge of
Christ ;
3. His belief in natal regeneration;
4. His disbelief in the endlessness of future punishments ;
5, His denial that the Holy Scriptures aro the word of
God ;
6. His dental of the inf•piration of the Holy Scriptures;
7. His denial that the Bible is a true history of the facts
Which it professes to describe ;
8. His denial of the divinity of our Blessed Lord ;
9. Hifi depraving, impugning, and bringing into disre-
pute the Book of Common Prayer.
On this) the Metropolitan pronounced judgment, depriving
Bishop Colenso of his see, unless, on or before the 4th of
March next, he shall filo a full, unconditional, and absolute
retractation, in writing, of all the objectionable extracts, in
London, or a like retractation by April 16, in Cape Town.
As it is not likely that Dr. Colenso will file any such docu-
ment as the Metropolitan has prescribed, and as he utterly
denies the sufficiency of the tribunal, this judgment can
hardly be considered final, The colonial court declared,
however, by the mouth of the Bishop of Cape Town, that
they could not recognise any appeal except to his grace the
Archbishop of Canterbury.

CONDUCks or THE AMERICAN WAR.—We have
now before us General report, which
gives the whole history of the Seven Days' battles bofore
Richmond. It is a very plain narrative, uttered with military
brevity and straightforwardness, and consisting in great
part of official orders, telewratris, letters, and extracts from
the reports of subordintle commanders. But no patriot
whose heart throbs for the brave who have fallen, and the
mourners at so many firesides, and the trials of a distracted
country and a long-suffering people, can fail to see in this
most exciting chapter of the history of our three years war,
facts long concealed at Washington, and never disclosed by
General M'Clellan's reticent lips, even for his vindication
against outrageous and persistent calumnies set on foot at
Washington,—facts which burn and brand into the fore-
heads of the Administration the proof that they failed to
support our army in the field ; that they, and they alone,
are responsible for a prolonged war ; that at their doors lies
the blood of the tens of thousands of speechless dead who
slumber at Cedar Mountain, Bull Run, Fredericksburg, and
Chaucellorsvilto ; at Antietam, where President Lincoln
was deaf to their upbraidings, but asked fur, and listened
to, the negro song, " Jump Jim Crow," at Gettysburg and
along the Rappalwenock,—,Neto York Woad,