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

teuele .
Kemeet merely because it V.:5 poasibie lest
',W.-year to Pay a larger dividend thee 3
Ir °cur- The chances were that when the
ay came for the retie-eel oF the charter, some titlie
alte r
°,121i3: in the House of Commons would propose come
n alien which might of .ict the divideed, but et prteett
°
t.herre was no necessity for entering into the matters
light forward by Mr. DJ Winton-
Nlr. DE WINTON re se, amidst some opposition, era
but be
that I,le had entire ceefidence in the directors,
°tit be theught if their accounts were well kept, they need
11°t be ashamed to chow them. There was now an item
erg
millions l'elenft unemployed, and if only half of that
Prod ,
we
oneloyed at one-and-a-half per cent. it would
e 90,000/. a year. If tee accounts were placed
regularly before the proprietors every half-year ho was
coanced the Proprietors would have a larger
dividen euu, and they would, besides, be enebled
(-„J,"ge forn
themse~eswwhethereathee,
themselves w hether the business was
elir'utr,ed in the most economical way possible. The
n Preprietor then gave notice that at the next meet-
, gbe would propose' that a copy of the accounts be
• traesesitted dto
re all proprietors holding 500/. or
more stock, at least the days before every half-yearly
ltri.jaCß'' W oore deprecated the suggestion made by Mr. Do
e„ilt°4 cs to the more exteeded publication of the cc-
inasmuch us the Bank of England was
..ot like a
provincial establishment, hut had to manage
,"45 transactions of the Government, which could not be
+pelted into.
MA6TER3IAN M.P. alluded to the present scarcity
p'
silver, and inquiredwhether any measures were in
rirei,e for rendering the supply more plentiful.
Bryft hed GOVERNOR said the Bank of England had
teed as much inconvenience as any of
bth,e
„ou backers from the want of silver, which he e-
Meer)--"a had been caused by the abst.raction of a certain
h
, silver coin for emigration, at a time when
asgeneral demand•for agricultural purposes
e eon
4bstr flexion with the harvest. This silver was
extent at a peculiar moment, and to a greater
eipe •
eer ti"-" Probably than it could be under any other
-mstle". Mr. Masterman, as well as every
lith banker in London, was aware that the
°f Lov,!and had no control over the silver
Cit•
'liti°°. They supplied with the coin. by the
were
creeeii.u'Lne and they were not allowed to hold a larger
haeki," °I it then was necessary for their ordinary
vote.e'd4g Purposes. But at the same time they etadee-
sed the t°L4ive every facility for the distribution of silver,
meet eIY,„"Pt up at considerable expense an establish.
lle je-,"c'st exelusively for the purpose of arranging
.441, ;"reS egress of silver, so as to give rise to as
=teat`neouvenieueo as passible in its general distribu-
threw It was with very great unwillingness they
tettio..aY impediment in the way of London bankers
tee p
01.36 large bums of silver for their country cor-
taw, dents, who seemed to think that the
asked was bound to give every amount they
:he tr far, without regard to the amount 1:3
"r the-egsurY at the time. It was quite impossible
itorl ank to accede to their requests, but the diree-
.lieeedad ordered a quantity of silver coin, and ho be-
dise „all difficulties in obtaining a supply would speedily
Ttimar—..(rinar.)
Leo dividend was then agreed to, and the warrants
tQber ee• CI
zt . focto be payable on and after the 11th o
e Proceedings then terminated.