The Sun.
London, England, 1864-02-10 00:00:00

THE SUN, LONDON WEDNESDAY EVENING, FEBRUARY 10, 1864.

No. 22,348.

THE MARITIME INSURANCE COMPANY
(Limited).
Incorporated, with Limited Liability, under "The
Companies Act, 1862." •
Capital, One Million, in 100,000 shares of £lO each. First
Issue 25,000 shares.
Deposit on Application £1 per Share. Further payment on
Allotment £1 per Share.
DIRECTORS.
Francis Boult, Esq. (Messrs. Boult, English and 'Brandon.)
Alexander Duranty, Esq. (Messrs. A. Duranty and Co.)
William Harrison, Esq. (M, ssrs. Harrisons and Latham.)
W 11. Haynes, Esq., Merchant.
Patrick Hunter, Esq. ( vi emirs. Browne, Hunter, and Co.)
George B. Kerferd, Esq. (Messrs. Ueo. B. Kerferd and Co.)
Peter Maxwell, Esq., Merchant.
I'. M. Mil er, Esq. (Messrs. Miller and Mosman.)
William Nicol, Esq. Merchant.
Daniel Powell, Esq. (Messrs. Daniel Powell and Co.)
T. Harrison Ridley, Esq. (Messrs. Ridley, Son. and Co.)
J. Barkeley Smith, Esq. (Messrs. Houghton, Smith, and Co.)
With power to add to their number.
MANAGER AND UNDERWRITER.
Henry Case, Esq.
BANKERS.
The National Bank of Liverpool (Limited).
The National Bank, Old Broad-street, London.
And its branches in Ireland.
• BROKERS.
Henry Walker Lucas, Esq., 3, Copthall-buildings, London,
E.C.
Geo. Edwd. Schultz, Esq., Manchester-buildings, Tithebarn-
street, Liverpool. .
Edward Fox, Esq., 51, Dame-street, Dublin.
Fredrick Fielder, Esq., cross-street, Manchester.
Charles Boult, Esq., Cross-street, Manchester.
AUDITORS.
Messrs. Harmood Banner and Son.
SOLICITORS.
Messrs. Littledale, Ridley, and Bardswell.
TEMPORARY OFFICES.
4 and 5, Brown's-buildings, LiverpooL
PROSPECTUS.
This Company is formed, not for the purpose of establish-
ing a new Marine Insurance Office in rivalry with offices
already opened, but with the object of continuing the existing
Maritime Insurance business so long conducted by Mr. Henry
Case, under the firm of Price and Co., in Exchange-buildings,
Liverpool.
Mr. Case's services, as underwriter, have been secured
upon terms satisfactory to the Directors, dependent in part
upon the success of the Company, and without the payment
of any "promotion money," either in cash or shares.
It is anticipated that whilst the extensive connection al-
ready possessed by Messrs. Price and Co. will be retained
and consolidated by the formation of a Company, the bust-
nets will, at the same time, be considerably increased in
consequence of Marine Insurance Companies being now very
generally preferred to private underwriters.
The success which has attended the operations of Marine
Insurance Companies in Liverpool, may be gathered from
the present value of their Shares in the market, viz. :
Amount Present Equal
paid. price. to
The Thames and Mersey £2 £7 0 0 250 percent. pm.
The British and Foreign 2 415 0 137
The Union
The Empire
The Albion
The Mercantile
The strictest economy will be exercised in working, and the
preliminary expenses will consist solely of the actual neces-
sary disbursements and legal charges.
Applications for Shares must be accompanied by a payment
of £1 per share, which will be retained on account of the full
payment of £2 per share on the number of shares which may
be allotted to the applicant, and will be liable to forfeiture it
payment of the remaining £1 per share be not made at the
time to be stated in the notice of allotment.
Forms of application for shares may be obtained from the
brokers, and also at the temporary offices of the Company,
4 and 5, Brown's-buildings, Liverpool.
In cases where no allotments are made, the deposit will be
returned without deduction.

NEW WORK BY TIIE DUKE OF 31/INCRESTEII.
Now ready, in 2 vols. Svo., with Fine Portraits, 305.,
f'4OURT AN]) SOCIETY, from ELIZABETH
1j to ANNE ; Edited from the Papers at Kimbolton.
By the DUKE of MANCHESTER.
OPINIONS OF THE PRESS.
From the Times.—" These volumes are sure to excite
curiosity. A great deal of interesting matter is here colleted
from sources which are not within everybody's reach."
From the Post—" The public are indebted to the noble
author for many important documents otherwise inaccessible,
as well as for the lively, picturesque, and piquant sketches
of Court and Society, which render his work powerfully at-
tractive to the general reader."
From the Herald.—" In commending these volumes to our
readers we can assure them that they will find a grew deal
of very delightful and very instructive reading."
From the Daily News.—" The merits of the Duke of Man-
chester's work are numerous. The substance of the book is
new; it ranges over by far the most interesting end impor-
tant period of our history; it combines in its notice of men
and things infinite variety. The author has the command of
a good style, graceful, free, and graphic."
Hurst and Blackett, 13, Great Marlborough-street.

IIINAHAN'S WRISKT v. COGNAC!,
BRANDY.
This celebrated Old IRISH WHISIy rivals the finest
FRENCH BRANDY,
It is Pure, Mild, Mellow, Delicious, aid very Wholesome.
Sold in Bottles, 3s. Bd., at the Retail rouses in London ; by
the Agents in the principal towns in Eig,land ; or wholesale
a

an amendment, embodying both these alterations, to the

report.
Alderman J. C. LMVRENCE also said that he did not be-

lieve that any eminent maa would be found to accept the
office for less than £2,000 per annum, and he proposed an
amendment to that effect, which was seconded by Mr. G.
J.' COCKERELL.

8, GREAT WINDMILL-STREET, W.
Observe the Red Seal, Pink Labe], and Cork branded
"Kinahan's LL Whisky."

The proposition of Mr. Rowe was, however, even-
tually carried—and the report, thus amended, was then
agreod to, _

TROUSERS.—Special attent'on is called to the
WINTER GOODS, and gentlenen who do not mind
paying a fair price for a good pair of triusers can depend on
material and patterns that cannot be etoelled, at

The Court then adjourned, without any discussion having
taken place upon the subject which it was especially con-
yoked to take into consideration.

HAMILTON and EIMPTONS, TAILORS.
105, Strand (opposite Exe;er Hall).

RAILWAY INTELLIGENCE.

PIGS! PIGS! PIGS!-INDIAN PIG MEAL,
without husks, supplied to the Boys' farms, Windsor,
and in every county in England, lOW per cwt.: one cwt.
equal to 1 cwt. barley or any meal. Delivered free in Lon-
don. Established 1858.— THOMAS P.TARCE,
Manager, 66,
Lant-street, Southwark.

LANCASHIRE AND YORKSHIRE.

Now ready, Dedicated to the Duchess of Athole, in 3 vols.,
EL L A NORM A N.
By ELIZABETH A. MURRAY.
" A clever and genuine book. "—Examiner.
" One of the most interesting novels we have read for a
long time."—Reader,
Hurst and Blackett,l3, Great Marlborough-street.

IF THIS SHOULD MEET THE EYE of any
one troubled with Wind in the Sbmacb, Indigestion, or
Biliousness, take PAGE WOODCOCK'S WIND PILLS.
Their world-wide celebrity proves am of sterling merit.
Of all medicine vendors at is. Id. sal 2s. 9d.: or free by
post for 14 or 33 stamps from Page P. Woodcock, Chemist
Lincoln.

Now ready at all the Libraries, in 3 vols.,
W IL D F I R E.
By WALTER THORNBITRY.
" An excellent tale. imbued with the strongest Interest.
In structure and execution it leaves nothing to be desired,
whilst the rapid flow of incident, the multitude of critical
positions and hairbreadth escapes, and the admirable delinea-
tion of character which mark its pages. will satisfy the reader
most exigeant of excitement, and give pleasure to the most
critical." Daily News.
Hurst and Blackett, 13, Great Marlborough-street

MESSRS. BOTT, JACKSON,
AND CO.
execute COMMISSIONS on all races throughout the
year. Market price guaranteed. Remittances. London and
Westminster Bank. Post-office Orders payable at Camber-
well-park.
N.B.—Betting on the Waterloo Cup.
Address—BoTT and JACKSON, "Man of the World" Wine
Stores, George-street, Camberwell-park, London.

OLDRIDGE'S BALM OF COLUMBIA,
established upwards of forty years, isthe best and only
:ertain remedy ever discovered for preserving, strengthening,
beautifying, or restoring the hair,whiskers, or moustaches, and
preventingthemturning grey. Sold in bottles, 3s. 6d., 65., and
lis., by C. and A. OLDRIDGE 22 Wellington-street, Strand,
London, W.C., and all chemists 'and perfumers. For chil-
dren's and ladies' hair it is most efficacious and unrivalled.

NEW NOVEL by the Author of "THE HOUSE BY
THE CHURCHYARD."
Just ready, in 8 vols., post Bvo.,
WYLDER'S HAND. A NOVEL.
By JOSEPH SHERIDAN LX FANU,
Author of "The House by the Churchyard."
Richard Bentley, New Burlington-street.

pRIZE MED AL.-INTERNATIONAL
EXHIBITION, 1862.1
FRANCIS TUCKER & CO., Wax Chandlers, &0., &c.,
To the Queen and the PI ince of Wales.
(Established 1720.)
The Jurors' Report on Wax and Church Candles, in 1862,
testifies to ,he excellence of the quality of Messrs. Tuckers'
manufacture.
A distinguished Dignitary, in a letter addressed to Francis
Tucker and Co., on the subject of
WAX CANDLES with PLATTED WICKS,

122, FLEET-STREET, LONDON.
NEW FORTHCOMING WORKS.

I.
Shortly will be published, in Two Vols. Svo., with an Original
Introductory Notice and Map,
MEXICO: ANCIENT AND MODERN.
By MICHEL CHEVALIER,
Member of the Institute and Senator of France.
" M. Chevalier has the advantage of being acquainted with
the position and resources of Mexico from personal observa-
tion ; and his profound knowledge of political economy, and
the industrial sciences generally, his eminence as an engineer,
his clearness of thought, and felicity of expression as a
writer, combine t) render him admirably fitted fcr the task
he has undertaken."- -British and Foreign Evangelical Re-
view, October, 1863. [ln the Press.]

says :
" I have found them fully equal to the recommendation
which you gave them, and can sincerely, in my turn, com-
mend them to the clergy for the use of the altar."
Finest quality, with Platted Wicks, patented.. d. per lb.
Ordinary quality .. • Od. per lb.
VEGETABLE CANDLES, with a Mixture of Wax.
Best quality .. Is. sd. per lb.
Second quality is. 3d. per lb.
Third quail: Is. id. per lb.
Carriage paid in London on Orders of Five Pounds in value.
FRANCIS TUCKER AND CO.,
8, South Molton-street, Grosvenor-square. Manufactory—
Kensington (Established 10).
The largest Establishment in England for the Manufacture
of Wax Candles for the use of the Altar.

11.
NEW NOVEL BY THE AUTHOR OP " WHITEPRIARS."
In Three Vols , Post Bvo, price 31s. 6d.
LTADELEINE GRAHAM
A NOVEL OF LIFE AND BIANNERS.
By the Author of " Whitefriars," " The City Banker,"
" Caesar Borgia," ezo.

W. P. Price in the chair.

FORM OF APPLICATION FOR SHARES.
TO be retained by the Bankers.
The Maritime Insurance Company (Limited).
To the Directors of the Maritime Insurance Company
(Limited).
Gentlemen,—Havinz, paid to the Bankers of the above-
named Com Any Ile sum of £ , I hereby request
tnat you will allot me Shares in the said Company,
and I agree to accept such Shares, or any smaller number
that may be allotted to me, and to become a member of the
Company, and I authorise you to place my name on the Re-
gister of Members in respect of the Shares to be allotted to
me, and I agree to b. bound by all the conditions and regu-
lations contained in the Memorandum and Articles of Asso-
ciation of the Company ; I further authorise you to forward
by post to my address, as below, the certificate for any Shares
which may be allotted to me.
Dated this day of 1861.
Name in full
Firm (if any)
Business or Profession...
Place of Business
Residence

[Ready.

I IL
NEW HISTORY OF AMERICA.
In Two Vols., Bvc, price 328.,
FORTY YEARS IN AMERICA.
By THOMAS LOW NICHOLS. M.D.
"Few men in America have had wider or better opportu-
nities for observing the Life, Progress. and Disruption of a
Great Nation than Dr. Nichols has enjoyed for nearly half a
century. He has resided in twenty-three States, and is per-
sonally acquainted with the most influential men of all
parties. From an impartial stand-point he sees events
clearly, and in these volumes he gives the world the results
of Forty Years of American Life.' "

XTOTHING IMPOSSIBLE.—The greatest and
most useful invention of the day, AGUA AMAREL LA.
Messrs. JOHN GOSNELL and CO., 3, King-court, Lombard-
street, London, Perfumers to her Majesty, respectfully offer
to the public this truly marvellous fluid, which gradually
restores the human hair to its pristine hue—no matter at
what age. The Agua Amarella has none of the properties of
dyes ; it, on the contrary, is beneficial to the system, and
when the hair is once restored one application per month
will keep it in perfect colour. Price one guinea per bottle, or
in half bottles, 10s. 6d. Testimonials from artistes of the
highest order, and from individuals of undoubted respecta-
bility, may be seen on application. Messrs. John Gosneli
and Co. have been appointed Perfumers to her Royal High-
ness the Princess of Wales.

[Ready.

IV.
NEW NOVEL BY AIMARD.
In Two Vols., Post Bvo., price 215.,
THE SMUGGLER CHIEF
By GUSTAVE AIMARD.

THE MEXICAN BANK (Limited).
Incorporated under the Companies Act, 1862.
Capital £2,000,000, in 20,100 shares of £lOO each.
First Issue 5,000 shares.
Deposit Ll per share on application, and Ll per share on
allotment. Calls will not exceed £5 per share, at intervals
of three menthe.
_____

[Ready.

JUST PUBLISHED.

The undermentioned New Works may be now had at every
Circulating Library. Subscribers to those useful Institu-
tions should not experience any delay in obtaining copies,
as adequate editions -have been printed, and the type is kept
standing. to meet every demand as quickly as it arises.
AUTOBIOGRAPHY OF AN ENGLISH DETECTIVE.

DIRECTORS.

Frederick Harrison, Esq., Director of the London and County

Two vols.
ETON SCHOOL DAYS. One Vol.
FOR BETTER, FOR WORSE. Two Vols.
A TERRIBLE WOMAN. Two Vols.

Bank.
James L. Hart, Esq., Consul for Mexico (J. Hart and Co.),

London.
Abel Heywood, ERq. (ex-Mayor of Manchester), Director of

the Alliance Bank.
Lewis Lamworthy, Esq., Manchester.
William J. Marshall, Esq. (Wilson, Bowles, and Co.), Lon ion.
John Paterson, Esq, chairman of the Standard Bank ol

RECENTLY PUBLISHED•

SACKVILLE CHASE. By C. J. COLLINS. Three Vols.
[Second Edition.
•
STRONGHAND. By GUSTAVE AIMARD. TWO Vols.
[Second Edition.
BREAKFAST IN BED. By GEORGE A. SALA. One Vol.
[Second Edition.
REV. ALFRED HOBLIJSH AND HIS CURACIES.

British south Africi.
Robert Rumney, Esq., Director of the Alliance Bank, Man

cheater. - - - -
Charles Alexander Thnrburn, Esq., late of 11. and S. Thur•
burn, of Alexandria.

BANKERS.
The Alliance Bank, Lothburv, London ; Brown's-buildings,
Liverpool; and 75, King-street, Manchester.
SOLICITORS.
London—Flux and Arles, 9, Mincing-lane.
Liverpool—Fletcher, Hull, and Stone, Cook street.
BROKERS.
J. and J. Whitehead, 8, Moorgate-street, London.
Shore and Kirk, Manchester.
TEMPORARY OFFICES.
16, King William-street, London, E.C.

One VoL
SECRETS OF MY OFFICE. One VoL
THE CROSS OF HONOUR. One Vol.
London : John Maxwell and Co., 122, Fleet-street.

111 HE WELLINGTON THREE SHILLING
JIL DINNER, consisting of Soup, Fish, Entrée, Joint,
Sweet, &c., is served daily from 3 to 9, and on Sundays from
5 to 8.30.
Private Rooms for large or small parties.
JOHN CATES, Manager.
The Wellington, St. James's-street.
Entrance, 160, Piccadilly.

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'lO4 "*,

The report of the directors states that the amount of ca-
pital chargeable to revenue on 31st Dec. last, exclusive of
the leased lines, is as follows :—£12,093,591 consolidated
stock, £3,006,386 guaranteed and preference, and £4,575,145
loans; together, £19,675,125. The expenditure charged to
capital for the half-year amounts to £157,203, of which
£88,921 is for new lines. The receipts on revenue account
luring the past half-year amount to £971,509, against
£903,991 for the corresponding half of 1862, showing an in-
crease of £67,518. The expenses amounted to £412,811,
against £399,410, for the corresponding half of 1862, show-
ing an increase of only £13,401. The balance of revenue
applicable to the payment of dividend on the ordinary stock
of the company is £312,826, and out of this amount the
directors recommend the proprietors to declare a dividend
at the rate of 41 per cent. per annum, less income tax, and
to carry forward the balance of £25,603 to the next account.
Notwithstanding the continued limitation of manufacturing
operations in Lancashire, there has been an increase of the
receipts of the railway, amounting to £67,518, over the
amount earned in the corresponding period of 1862, a result
which, under the circumstances, is considered by the direc-
tors highly satisfactory. The permanent way is considered
by the engineer to be in good condition, and the heads of
departments also report the rolling stock under their charge
to be in good repair. The estimate of the probable amount
which will be required during the current half-year for the
extension and enlargement of stations, for rolling stock, and
for the purchase of land is £120,000. The Oldham, Roch-
dale, and Royton Railway has been used for traffic to a
limited extent during the past half-year. The construc-
tion of the new line from Salford to v ictoria is progressing
satisfactorily, and the directors are making arrangements for
the enlargement and improvement of the Victoria Station,
which the opening of the new line will render absolutely
necessary. The directors have agreed to recommend the
proprietors to subscribe £50,000 towards the capital of
£200,000 required for docks at Feetwood. The share capi-
tal proposed to be raised by this company under the five
bills now before Parliament amounts to £655,000.

DANUBE AND BLACK SEA.
The half-yearly meeting of this company was held yes-
terday at the office, Abingdon-street, Westminster; Mr,

The report was taken as read.
The CHAIRMAN, in moving the adoption of the report,
said that at the conclusion of the ordinary business they
would have to consider the expediency of increasing the
capital to aoopo. Although it was originally supposed
that £300,000 would have been sufficient for the construe-

tion of the railway and harbour at Kustendje, it was found
that more money would be required to provide accommoda-
tion for the merchants and traders in the shape of ware-

houses and machinery for lifting and preparing the pain
for shipment4The sum of £400,000 capital was fixed upon
as forming the bases of the prospectus. This had been
increased last year by £40,000 for necessary works, and it

was estimated by their engineers that about £50,000 more
would be required to provide additional toiling stock, and
for improving the harbour, extending the quays, and pro-
viding further warehouse accommodation for the merch.
an

Its and traders to meet the requirements of a more ex-
tensive traffic. If the outlay of the additional sum he had
named should be as remunerative as they expected, the
board would not pledge themselves to limit the capital of
the company to £500,000. Estimates of traffic had been
made which were founded on the rate of past increase, and
the natural increase of traffic where superior facilities
were afforded. Those estimates of traffic were very en-
couraging. It was estimated that the traffic in grain for
1863 would amount to 400,000 quarters, which, at is 6d
per quarter, would give them a profit of Bd. per quarter ;
but the actual amount carried was 325,000 quarters, and
there were 50,000 quarters of local grain. It was estimated
that 650,000 quarters of grain might be carried in 1865 and
850,000 quarters in following years, and so on up to 1,000,000
quarters per annum, the profits per quarter increasing with
the larger quantity carried: For the year 1864 it had been
estimated that the profit would be £19,133; for 1865 that
600,000 quarters, at 9d., would produce £22,500, which,
with passengers (L 7,500) and other traffic, would yield a
profit of £32,500, and when the quantity carried amounted
to 800,000 quarters the profit would be £41,916, subject to
a deduction in each case of £1,500 for expenses in England.
So that, according to the estimate for the year 1864, they
would have a profit of £17,500, and in 1865 of £31,000, after
deducting expenses in England. In 1864 the preference
charges would be about £lO,OOO, leaving £7,500 for pay-
ment of arrears now due on preference stock ; but if they
placed the losses on revenue account up to May, 1863, to a
suspense account, which would be gradually liquidated, and
appropriated the profit on working the traffic during the
past half-year towards these arrears, there would remain
£4,000 for dividend on the ordinary shares. In 1865 the
preference charges would amount to £14,000, and, as the
arrears would then be cleared off, there would remain
£17,000 available for dividend on the ordinary share capital
of £325,000. The additional expenditure would enable
them to carry and otherwise accommodate the increased
traffic that had been estimated. The £lOO,OOO additional
capital they proposed to ask the proprietors to enable them
to raise included a sum of £35,000 which had already been
borrowed. As to the terms upon which the additional
capital should be raised the meeting or a committee ap-
pointed for the purpose would have to decide.
Mr. LEWIS seconded the motion for the adoption of the
report.

Mr. M‘Garal complained that they had been sevea yeart
without dividend, and now they were called upon to raise
a further sum of £lOO,OOO.
In reply to questions by Mr.Fonn, the general manager,
Mr. BARCLAY stated that the additional outlay would pro-
duce in rentals and otherwise a return of from 8 to 12 per
cent.

The report and statement of accounts were adopted.
It was agreed to raise the further sum of £lOO,OOO and to
place the loss on working the traffic to a separate account.
The retiring directors, Mr. Moxon, Mr. Barwell, and Mr.
Gordon, were re-elected, and also Mr. R. Potter, the retir-
ing auditor.
The ordinary proceedings were then adjourned for a short
time, and the meeting was made special to consider the best
mode of raising the necessary funds.
On the motion of Mr. FORD, seconded by Mr. CROWLEY,
a resolution was passed referring the matter to a committee
of shareholders, consisting of Mr. M'Garal, Mr. Robertson,
Mr. Ford, Mr. Crowley, and Mr. Berbeck to confer with the
directors as to the best mode of raising the £lOO,OOO, and to
report the result to the meeting on Monday next.
The special and ordinary meetings were then adjourned
accordingly to receive the report of the committee.