The Sun.
London, England, 1864-03-21 00:00:00

THE SUN, LONDON, MOA DAY EVENING, MARCH 21, 1864.

Cheap Edition, 1 vol., with Portrait, 6s. bound,

NITEMOIRS OF QUEEN HORTENSE,
MOTHER OF NAPOLEON 111.

"A biography of the beautiful and unhappy Queen more
satisfac!ory than any we have yet met with."—Daily News.
Hurst and Blackett, 13, Great. Marlborough-street.

PEOPLE'S EDITION OF GLEIG'S LIFE OF WELLINGTON.
On Saturday next, ne 2t3th instant, will be published, in 1
vol. crown Bvo. of SCO pages, with Portrait, price ss. cloth,
IFE of the DUKE of WELLINGTON. By
the Rev. G. R. GLEIG, M.A., F. R.G.S., Chap'ain-
eneral to the Forces, and Prebendary of St. Paul's. A New
Editon, careful y revised and abridged, but with copious
Additions from Authentic Sources.

London : Longman, Green, and Co., Paternoster-row.

NEW NOVEL BY MRS. BENNETT.
This Day, at all Libraries,' in 3 vol'.,
QTELL A. By Author of " The Cottage Girl,
London: John Maxwell and Co., 122, Fleet-street.

Th's Day, in Two Vols. Bvo., with Map, price 325.,
MEXIC 0: ANCIENT AND MODERN.
By MICHEL CHEVALIER,

Member of the Institute and Senator of France.
London: John Maxwell and Co., 122, Fleet-street

Next week, in Two Vo post Bvo., price 2's.,

DWELLERS ON THE THRESHOLD,
By W. H. DAVENPORT ADA ns,
Author of "Famous Beauties and Historic Women," &c.
Loudon : John Maxwell and Co., 122, Fleet-street.

NR. HENRY J. BYRON, the popular
Dramatic Author, will commence a NEW NOVEL
in the APRIL NUMBER of TEM PLE BAR MAGAZINE,
ready on Wednesday next, price Is.
Office, 122, Fleet-street.

THE NATIONAL SHAKESPEARE
MEMORIAL BUST.

By FELIX M. MILL PUt, Professor of Sculpture, Govern-
ment School f Art, published under the special sanction of
the National Shakespeare and Stratford-on-Avon Tercente-
nary Committees, by HOWELL, JAMES, and CO.
Copies will be issued, in the order of registration, to sub-
scribers only, and are executed in—
Wedg-wood Ceramic Statuary, 12 in. high, price One Guinea.
French Terra Cotta 15 /9 11 One Guinea.
Bronze 8 ~ 91 Three Guineas

Subscribers' names received by the agents in Loudon and
chief provincial towns (where copies of the Bust may be seen),
or by the publishers,
HOWELL, JAMES, and Co., Goldsmiths, &c.,
By appqintment to the Queen and Prince and Princess of
Wal, s, 5,7, and 9, REGENT-STREET, LONDON.

Photographs and prokpectuses forwarded post free on ap•
plication.

Unreserved Sale.—Steam Saw Mills, near the Thames,
Woolwich.

MR. ANDREW HIND will SELL by
AUCTION, at the MART, opposite the Bank of Eng-
land, on TUESDAY, March 22, 1.861, at Twelve for One
o'clock, the Leasehold STEAM SAW MILLS, eligibly
situate in the Harrington-road, Charlton, with a Landing
Place from the river harnes, and possessing unusual facili-
ties for I Oitlg an extensive business. The modern plant and
machinery, wh oh are of the best and moat modern descrip-
tion, and in complete working order, wilt be included in ihe
purchase.—May be viewed, and particulars had on the pre-
mises ; at the principal inns in the nei2hbourhood ; at the
Auction Mart ; and at the Auctioneer's offices, corner of
Little Carter-lane, St. Paul's.

Bromley, near the East India Docks.—Large Manufacturing
Premises and Dwelling-house.

MR. ANDREW HIND will SELL by
AUCTION, at the MART, opnosite the Bank of Eng-
land, on TUESDAY, March 22, 1861. at Twelve for One
o'clock, the capital PREMISES, situate and being No. 14,
Andrew-street. Bromley, near the principal entrance of the
East India Docks, comprising an eight-roomed dwelling-
house, with a substantial brick and tile built manufactory
of two storeys in the rear, each measuring 163 feet by 20 feet,
with gateway entrance from the street, and small office, &c.
well adapted for a rigger, sailmaker. &c., or any business re-
quiring a large and well-lighted building, held for a term of
seventy-five years unexpired from Lady Day next, at a low
ground rent. —May be viewed, and particulars had on the
premises; at the principal inns in the neighbourhood ; at
the Auction Mart; and at the Auctioneer's offices, corner of
Liitie Carter-lane, St. Paul's.

500 BUSINESSES.-Mr. ANDW. HIND'S
MARCH LIST,
Containing Businesses, Premises, Partnerships, &c., Gratis.
Letters, enclose stamp.—Particulars entered free.
OFFICES—CORNER OF LITTLE CARTER-LANE, ST. PAUL'S.

COFFICES.—Mr. ANDREW HIND has to
LET several FLOORS, well situate in Leadenhall-
street, near King William-street, Cheapside, St. Paul's. &o.
Single rooms or sets. Rents X 25 to £2lo.—Apply at 1, Little
Carter-lane, St. Paul's.

BUTCHERS.—An established BUSINESS, corn-
manding corner shop, licensed slaughterhouse, horse
and c irr, and ail things complete. Has never changed hands.
Owner retirin .—Apply to Mr. Andrew Hind, corner of Little
Carter-lane, St. Paul's.

GROCERY and ITALIAN lIIISTNESS,PimIico.
Mr. ANDREW HIND has for SALE the above corn-
mandinz SHOP and 13 rooms. Rent £7O. Lease 18 years.
Returns, £7O per week. Lease, fixtures, &c.. £350, Stock,
£4ol.—offices, corner of Little Carter-lane, St. Paul's.

I)ARTNERSHIP.—Mr. ANDREW HIND is
instructed to obtain a PARTlslelt for a manufac-
turing milliner in the City, doing.£l,soo per annum. Capital
required, £l5O to £2oo.—Offices, corner of Little Carter-lane,
St. Paul's.

piGs! PIGS! PIGS!-INDIAN PIG MEAL,
without husks, supplied to the Royal farms, Windsor,
and in every county in England, lOs 6d per cwt. ; one cwt.
equal to 14 cwt. barley or any meaL Delivered free in Lon-
don. Established 1858.— THOMAS PEARCE, Manager, 66,
Lant-street, Southwark.

DEAFNESS.—The SOUND MAGNIFIER
Ll INVISIBLE VOICE CONDUCTOR, a newly in-
vented instrument for severe cases of deafness. It fits into
the ear, not perceptib:e, removes singing noises In the head,
and enables deaf persons to hear distinctly at church and at
public assemblies.—S. and B. SOLO3IONS, 39, Albemarle-
street, Piccadilly.

IF THIS SHOULD MEET THE EYE of any
one troubled with Wind in the Stomach, Indigestion, or
Biliousness, take PAGE WOODCOCK'S WIND PILLS.
Tticir world-wide celebrity proves them of sterling merit.
Of all medicine vendors at is. 15d. snd 2s. 9d. ; or free by
poet for 14 or 33 stamps from Page D. Woodcock, Chemist
Lincoln.

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.
Address—BoTP and JACKSON, "Man of the World" Wine
tores, George-street, Camberwell-park, London.

PRIZE ME D A L.-INTERNATIONAL
EXHIBITION, 1862.
FRANCIS TUCKER do CO., Wax Chandlers, &C.,
To the Queen and the Prince of Wales.
(Established 17?0.)
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,

says :
" I have found them fully equal to the recommendation
which you gave them, and can sincerely, In my turn,j com-
mend them to the clergy for the use of the altar."
Finest quality, with Flatted Wicks, patented.. 75, 2d. per lb.
Ordinary quality .. qd. per lb.
VEGETABLE CANDLES, with a Mixture of Wax.
Best quality .. Is. sd. per lb.
Second quality is. 3d. per lb.
Third quality .• ls. 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 1730).
The largest Establishmmt in England for the Manufacture
Wax Candles for the use of the Altar.

NOTHING IMPOSSIBLE.—The greatest and
most useful invention of the day, AGUA AMARELL A.
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 Gosnell
and Co. have been appointed Perfumers to her Royal High-
ness the Princess of Wales.

DR. SCOTT'S BILIOUS AND LIVER
PILLS.—A NEVER FAILING RESlEDY.—Pre-
pared without any mercurial ingredient, from the recipe of Dr.
Scott, of Bromley, Kent, will be found invaluable to all who
sutler from bilious and liver complaints, indigestion, wind.
spasm®, giddiness, dizziness of the eyes, dm For habitual
costiveness, as a family aperient medicine, and as a purifier
of the blood, they are truly excellent; mild in their opera-
tion and grateful to the stomach, they create appetite, pro-
mote digestion, and strengthen the whole nervous system.
sold by W. Lambert, 8, King eet, Charing-cross.
London, and by most druggists, in boxui,ls. lid., and three
times the quantity in one, 2s. 9d. Be sure to ask for Dr.
.
Scott's Bilious and Liver Pills. The gen wine are a square
green package, with " Lambert' " engraved on the
'tamp!

L-sURNI I' URE, CARPETS, BEDDING, and
FLOORCLOTH, CARRIAGE-FREE to any house in
the kingdom, regardless of amount or distance. First-class
goods at second-class prices. Terms peculiarly liberal to
Clergymen and Gentlemen. An immense stock to select
rom, displayed in Showrcoms occupying an acre of ground.
Every article warranted.
CIA GYMEN and GENTLEMEN ABOUT TO FUR-
NISH. are respectfully informed that Messrs. Cobbett and
. are publishing an entirely New Edition of their un-
equalled HOUSE FURNISHING GUIDE, illustrated by4lo
actin -able engravings of every description of Furniture and
zek-fsteads, with prices attached. A copy sent gratis and
post-free on application. This costly work also contains
complete estimates for furnishing on the following revised
tale ! _ _

A Six-roomed Parsonage £74 3 0
An Eight-roomed ditto
A Ten-roomed ditto
A Twelve-roomed ditto

Together with a ?rice List of purified Bedding, and a mass
of valnable infbrmationto all requiring househ3ld furniture,
mrpets, or bedding,. References kindly permitted to Clergy-
men and gentlemen in or near Great Malvern, Southampton,
Chichester, Bury, Ely, Preston, Grimsby, Ryde, Plymouth,
Wells. Oxford. Brighton, Gainsborough, Margate. Kidder-
minster, Wellington. Croydon. Cambridge, Staines, Dorking,
St. Aiban's, Worcester, Ipswich, Peterborough, St. David's,
Wrexham, and above 500 other places in all parts of Great
Brita.L.

COl3 SETT and CO., General House Furnishers, Deptford.
bridge, London, S.E,

TEN PER CENT. MORTGAGE BONDS.-
STRAND MUSIC HALL COMPANY (Limited)
BONDS of £.50 each, are now ready for issue, constituting a
First Charge upon the Property of the Company, repayable
in Three Years, and bearing Interest at £lO per Cent. per
Annum, payable hall-yearly.
• - •

Apply at the Offices of the Company, 345, Strand, W.C.
or to Mr. G. T. Taylor, Stec and Share Broker, 11, Token
house-yard, E.C.
By Order the Board,

FREDERIC LAWRANCE, Secy.

STRAND MUSIC HALL COMPANY
(Limited).

•
NOTICE IS HEREBY iTIVEN, That NO APPLICA-
TIONS for the MORTGAGE BONDS will be entertained
after WKDNESDAY next, the 23d inst., for London, and
THURSDAY, the 24th inst., for the country.
By order of the Board.
FREDERICK LAWRANCE, Secretary.

THE CITY MERCANTILE CLUB and
DINING HALL COMPANY (Limited).
(Incorporated under the Companies Act, 1862.)
Capital, £BO,OOO, in 8000 shares of £lO each.
Deposit, £1 per Share on application, and on allotment.
Should no allotment be made the deposit will be returned
in full.
BANKERS.
The London and County Bank, Lombard-street, City,
and Hanover-square.
Messrs. Cousins, Allen, and Co., Leeds.
SECRETARY (pro. tem.)—Mr. J. W. Tempest.
Temporary Offices-24, Bucklersbury (two doors from the
Mansion House.)
Holders of £lO shares and upwards will (subject to the
ballot) be admitted to the membership of the club, without
entrance fee.
The Directors have secured the noble pile of Bui' dings, Nos.
107 and 105, Cheapside, immediately opposite to Bow Church,
and extending to Honey..ane in the rear, erected two years
since, from the designs, and under the superintendence, of J.
J. Knowles, Esq., F.L B.A.

CITY MERCANTILE CLUB and DINING
HALL COMPANY (Limited'.
NOTICE IS HEREBY GIVEN, That THURSDAY next,
the 24th March inst., is the LAST DaY on which Applica-
tions for Shares wil, be received.

By Order of the Board.
24, Bueklersbury, 19th March, 1864,

Royal English Opera, Covent Garden,

On Saturday evening the management of Miss
Louisa Pyne and Mr. W. Harrison terminated after
extending over eight seasons. The performances
consisted of Auber's sparkling opera of " Fra Dia-
vole" and the " Beggar's Opera," the latter being
compressed into one act. The applause at the close
of each opera was enthusiastic, and it cannot but be
regretted that a better result has not attended the
exertions of the joint management to establish a
national English Opera. The following farewell
address was circulated in the house during the
evening :

Ladies and Gentlemen,—As we have announced, to-night
closes our management as directors of the Royal English
Opera at Covent-garden. Our art-stewardship is at an end ;
and although many persons may imagine that they could
have managed the estate better, we can at least say, with
mournful sincerity, that unlike some stewards, we have cer-
tainly not enriched ourselves. That there may have been
errors in our management we are not slow to admit; and
those who criticise the actors on the larger stages of our great
political theatres have, some at least, in evident kindness
and favour to our enterprise, condescended to point those
errors out. We have had the strongest possible motives for
trying to do our best, inasmuch as we have had to rely
solely on our own pecuniary resources; to depend on no
energies but our own; and, in the end, to encounter loss for
no one beside ourselves.

It requires no very great stretch of memory to recal the
time when there existed no home for English Opera—no
theatre in which our native composers could secure a hearing
at the bar of public criticism for works which demanded a
large and well-trained body of artists to interpret them. It
is our boast to be able to say that such a home, such a
theatre we have furnished—such a body of artists we have
brought together.

Her Most Gracious Majesty the Queen accorded us her
patronage for a purely English opera— and such it has been
our study in every sense to make it, having produced,
with the exception of Meyerbeer's* " Dinorah" and Flo-
tow's " Martha," solely English operas, and employing
solely English artists,

This now becomes a ground of accusation against us, and
we are told that it has been mostimpolitic to exclude foreign
operas from our too exclusively EngLeh house. This may
be so in a pecuniary sense, but we have at least been faith-
ful to our original purpose,
and if we have, in a mistaken
patriotism, lost the battle, we are the sole losers, while
many, during the past eight seasons, have highly profited
by our efforts.t

Of one most ungenerous inuendo we feel bound to take
notiJe. In announcing a scheme, yet in embryo, for the
performance of English and adaptations of foreign operas, a
rather zealous partisan has said of its committee, "Its
members are noblemen and gentlemen of rank and distinc-
tion, placed by their social poaition above the reach of un-
worthy motives."

Now, whether the desire to establish a permanent home
for English opera in this country, on a scale to compete
with establishments devoted to the performance of foreign
operas, and thereby to elevate English art; to open a field
for the talent of native composers and native artists, both
vocal and instrumental; to bring the theatres, behind the
scenes, into such order that the purest lady might visit it ;
to rule with strict discipline, without which order can never
be maintained in such an establishment ; to throw the whole
of our respective fortunes, time and talents into the service,
an I simply to desire out of it to obtain an honourable liven •
hood for our respective families—be unworthy motives, we
willingly leave to the public to decide.

In the course of our eight seasons we have produced 15
though all have not com•
operas and five operettas, together with 11 revivals, all -ad,
competent,
judges have pro-
ot too much to say that the
nmmoiautntnede
ede
dtdotthbheee
mswuocdreekes
success
vof
ifenxgwc.
cte
huh
lc :no,
bulk of these works would not have been composed but for
Opera; without it, if
composed,t he
w o
aolfd thhaev
eßroeyma la Englishremained
dij
the
eO p
safe
guardianship of
their composers.
We would respectfully submit that while dramatic art
appeals to the whole public, the operatic branch of it finds
but a limited audience, and that, tao, the most intellectual,
the most cultivated, and the most fastidious. The managers
of great operatic establishments have no ultimate gauge or
standard but success, and must stand or fall by the taste of
their patrons. It cannot be urged in sober earnest that any
person, or
nortryanwyhaosawlilaltpieernsoevf
persevere
eerisn a steady course of failureons, will ever be found in
from the mere love of art.

It has been amongst the distresses of our management
occasionally to refuse works offered, but this has never been
done 'without due deliberation, in which we have invariably
taken counsel of others less interested than ourselves finan •
daily, but equally interested with ourselves in the advance-
ment of art. In some instances the libretto offered might
have done good service to the columns of that admirable
caricaturist, Punch. But as regards authorship, we have
had to contend with difficulties of two classes—the manifest
unfitness of many works offered for our acceptance ; and the
refusal of some authors to permit a perusal of their MS S
without a guarantee of performance.
Now, as no opera can be produced without several weeks'
rehearsal, to the exclusion of all else, and the outlay on
every new work varies from £2,000 to £3,000, while the risk
of failure is trebled if a story be unpopular, it can be well
imagined that under these circumstances we may have un-
wittingly offended many authors, and missed some works
which might have been successful.
Liberal offers have been made to every male singer of
eminence; and if these have been unwilling to join the
company, we surely cannot be blamed for not having secured
their services.
At the close of our career we may mention with pleasure

* The " Crown Diamonds," " Fra Diav)lo," "Huguenots,"
" Trovatore," " Sonnambula," " Daughter of the Regiment,"
dm., had been already produced elsewhere.
t In these eight season+ we have expended on artists' sa-
laries, authorship of libretti, and musical copyrights, upwards
of 4200,00 Q.

and with gratitude the receipts of many letters of congratula-
tion from various artists, from members of the Press, and
from the public generally, for the great boon conferred on
them by the effort of ours to establish an English opera.
Whatever tho result to our own fortunes, we feel, at any
rate, that we have made an honest offer to advance the art
which is to us a labour of love ; and that in the face of much
discouragement we have preserved to the end, and have ful-
filled every engagement.

It may remain for others to tread a mire successful path
to fame and fortune, but even they must learn by experience
that

" They who lived to please, must please to li►e."
In conclusion, to all those kind friends who have laboured
with us, or aided us, before or behind the curtain, we tender
our respectful, our grateful thanks, and so bid our last fare-
well as managers to the stage of Covent GardeniTheatre.

PRESENTATION OF A TESTIMONIAL TO MR.
HARRISON AND MISS LOUISA PYNE.
At the close of the performance the members of the com-
pany, the officers of the establishment, and several well-
known musical amateurs assembled on the stage to present
testimonials to Miss Louisa Pyne and Mr. W. Harrison on
the termination of their managerial career.
The gifts, which were in all respects precisely similar,
consisted of two very elegant silver breakfast services, made
by Messrs. A. B. Savory and Co., and covered with rich
and tasteful engraving by Messrs. Cook and Co., of Corn-
hill.
The service destined for Miss Louisa Pyne bore the fol-
lowing inscription, written by Mr. Edward Murray, the
able and courteous acting manager :—" Presented to Mies
Louisa Pyne by the artistes and employes of the Royal
English Opera and a few lovers of native art, as a tribute
of gratitude and admiration won by the eminent services
which she has rendered to the National School of Music,
by affording a home to English opera for eight successive
seasons, and by the brilliant talent which she has displayed
in embodying the creations of English composers." The
companion service intended for Mr. W. Harrison bore the
same inscription, with merely a change of name. The
lessees were greeted on their appearance with loud and
cordial acclamations, and the chair was then taken by the
Rev. Horace Roberts, who had been chosen by the sub-
scribers as their spokesman. In an eloquent and feeling
speech he dwelt upon the excellence which had charac-
terised all the arrangements of the Royal English Opera
both before and behind the curtain, and which was due, not
alone to the skill of the various heads of departments, to
whose ability he paid a warm tribute, but also to the
judgment and energy of those who had exercised supreme
control over the establishment. He deplored the pecuniary
losses which had been entailed upon Miss Louisa Pyne and
Mr. W. Harrison by their bold and useful undertaking.
but expressed his firm conviction that they had done a good
work and sown seed from which abundant fruit would be
be reaped in time to come. He then ;presented the testi-
monials, which, he said, but poorly represented the warm
feelings of admiration and esteem by 'which their donors
were inspired. Both Miss Louisa Pyne and Mr. W. Har-
rison were evidently much affected by the cordial response
which these remarks elicited from all those who were pre-
sent, and the latter said :
" Ladies and Gentlemen—For Miss Louise Pyne and my-
self, I beg most sincerely to thank you for the handsome
testimonial you have now presented to us. We receive it
with great pleasure at the conclusion of this our eighth and
last eventful season—eventful, at least, to us, being replete
with hopes, fears, and distresses. Hopes that by our united
efforts we should establish a permanent English opera,which
probably we have laid the foundation for; fears that our
great pecuniary losses would prevent our doing so ; and dis-
tresses, that because we managed with strict discipline
(without which in a theatre of this magnitude neither order
nor respectability can ever be maintained) some spirits
would be offended. However, we need only open the eyes of
our intellect to see that no person or persons at the head of
a large body of people can please all. Some malcontents,
whose minds cannot grasp the difficulties of discipline and
order, or understand the propriety of maintaining it, will
always arise. But it is not to those we are now addressing
ourselves, but to the friendly spirits who have each in their
sphere endeavoured to aid us in our onerous task. To those
we would say, if any undue severity through over-zeal in
our art has, during our management, ever distressed them,
we are heartily sorry for it, and can truly say, Naught did
we in real anger, but all for the love of our art.' Those
who know me best are best aware of my utter incapa-
city to shape my thoughts into an eloquent speech;
I pray you, therefore, to pardon the incompleteness
of the present one, and to believe that Miss Pyne and my-
self feel highly honoured and grateful by this parting re-
membrance, which will ever be cherished in our hearts with
feelings of the truest pleasure for the sympathy you have
now shown us. In conclusion, I beg once more to tender
our united thanks, and also to express a hope that we may
meet again in a more genial atmosphere. To each and all
our warmest thanks and adieus, with best wishes for health
and happiness."
With this speech, which was frequently interrupted by
outbursts of applause, the formal business of the meeting
terminated; but another half hour was taken up in the
interchange of leave-takings between those who have
laboured together for so many years, certainly not without
benefit to native art, though without the pecuniary gain to
the management which might seasonably have been ex-
pected,

SPORTING INTELLIGENCE.

BETTING AT MANCHESTER, SATURDAY.

Most of the members having returned from the Warwick
Meeting, there was a good attendance at our Subscription
Rooms. Batting on the Great Northamptonshire States
took a somewhat wide range, several horses being invested
on for that event. Gardener was in force, and closed at 10
to 1 (taken freely). Wingrave, Lord Zetland, Dollar, and
Touch-and-go were each steady, at the prices quoted ; but
an offer of 14 " ponies" against Blithfield met with no re-
sponse, although in the earlier part of the afternoon 12 to 1
had been accepted about him. 109 to 6 was offered against
Fairwater ; and 20 to 1 was taken about Sheridan, 200 to 7
Flash-in .the-pan, and 50 to 1 Welbeck.—We did not per-
ceive a transaction on the Chester Cup ; and the only horses
supported for the City and Suburban were Voluptas and
Lord Burleigh.—For the Two Thousand Guineas Fille de
I'Air, Paris, Cambuscan, and Claremont were invested on ;
for the Derby, Hollyfox closed a better favourite than his
stable companion, Baragah.—Closing prices:—

NORTHAMPTONSHIRE STAKES.
10 to 1 agst Gardener (taken freely)
10 to 1 aget Wingr%ve (taken and offered)
11 to 1 aget Lord Zetland (taken)
100 to 8 agst Dollar (taken)
14 to 1 agst Blithfield (offered)
14 to 1 agst Costa (offered)
100 to 6 agst Touch and Go (taken)
100 to 6 agat Fairwater (offered)
20 to 1 agst Sheridan (taken)
200 to 7 agat Flash in the Pan (taken)
33 to 1 aget Blondin (offered)
33 to 1 agat Alabama (offered)
40 to 1 agst Union Jack (offered)
50 to 1 agst Welbeck (taken)
CITY AND SUBURBAN.
100 to 7on the field (offered)
25 to 1 agst Voluptas (taken)
100 to 3 agst Lord Burleigh (taken)
CHESTER CUP.
100 to S agst Change (offered)
100 to 7 aget Golden Pledge (offered)
TWO THOUSAND GUINEAS.
11 to 2 agst Fille de l'Air (taken)
6to 1 agst Paris (taken)
15 to 2 agst Cambusean (taken)
10 to 1 agst Claremont (taken)
THE DERBY.
50 to 1 agst Hollyfox (taken)
1000 to 15 agst Baragah (taken)

The Oxford and Cambridge Billiard Matches,

The single-handed billiard match between the champions
of the respective Universities of Oxford and Cambridge
was played on Saturday evening at the Volunteer Billiard
Rooms, 21, Leicester-square, in the presence of a very large
number of the past and present members of tho twe seats of
learning. On the previous evening Messrs. Payne and
Horne won the double match on the part of Cambridge, as
they did last year; and it being apparent that both players
had much improved, increased interest was created,
although it was well known that the Oxford representative
was an exceedingly fine player. The game was 500 up, and
at the commencement 2 to 1 was offered on the Oxford, and
100 to 30 was subsequently laid.

The last break bat one brought Mr. Starkey's score to
486. Mr. Payne then made a clipping red haz2rd, but
missed a cannon up and down the table. Mr. Starkey then
made 5, then three white hazards and cannon, bringing him
to 499. He now missed a cannon, but his opponent's white
ball rolled over the bottom pocket, into which he quickly
poked it, and the game was over, Oxford winning by 27
points.
As amateurs both players certainly distinguished them-
selves, and their nerve and judgment at critical points of
the game would have afforded a wholesome lesson to many
professionals of this scientific and skilful amusement. Wo
may just mention that both the representatives of the Uni-
versities have played on previous occasions in a similar
match, although not against one another, but they encoun-
tered each other in the double match in 1862. They are
certainly the two best players the Universities have hitherto
been represented by.

PRICE ...... ...4d.
bTAMPED.....Sd.

Economic Life Assurance Society.

ANNUAL MEETING.

The ordinary annual meeting, and also the ex.
traordinary quinquennial meeting of members o
this Society was held on Saturday afternoon, al

Radley's Hotel, Bridge-street, Blackfriars, for the

purpose of receiving the Auditor's Report for the
year 1863, and the Directors' report upon the value
of the funds of the society, its engagements and
the valuation of the policies, with a view to the
declaration of a bonus. Henry Barnett, Esq., occu-
pied the chair.

The CHAIRMAN, in opening the proceedings,
briefly but feelingly alluded to the deaths of Messrs.
Biddulph and Routh, and remarked that that cir-
cumstance was the occasion of his occupying the
chair at that meeting. In order to show their appre-
ciation of the services of the late Mr. Biddulph they
had elected his son as a member of their board, and
the other vacancy had been filled up by the elec-
tion as•director of Mr. A'Court Repington, of the
National Debt Office.

The statement of accounts, read by Mr. A. Mac-
donald, the secretary, having been adopted, and
the retiring auditors re-elected, the quinquennial
meeting was held, at which Mr. Downes, jun.,
the actuary, read the following report:—
" Since the last division, 2,641 policies,assuring £2,050,788,
have been issued, giving an annual average of 628 policies of
£777 each—a large and steady increase of the business. The
sum of £72,702 has been received during the five years in
new premiums, being at the rate of £14,540 a year. The
total income from premiums, which in 1859 was £182,429,
now amounts to £214,104, indicating an average annual in.
crease of £4,385, after allowing for loss of income from dis-
continued policies; while the gross income from all
sources has increased at the rate of £10,230 per annum.
Claims have arisen during the five years on 794 policies,
assuring £624,327, and carrying bonuses to the amount of
£116,899. In addition to the bonuses on policies upon
which claims have arisen, the sum of £87,149 has been
paid as bonus in other ways, such as in reduction of bonus
liability by cash payment, reduction of premium, purchase,
&c., making a total of £204,048. In the valuation of the
assets, an ample margin has been allowed for possible fluc-
tuation of the funds; and in the valuation of the liabilities,
the risk premiums only have been taken into account. The
remaining portion of the premium inc ome, after defraying
the expense of management, commission, &c., will accumu-
late till the next division, when the amount realised will be
found in the surplus. By this arrangement, old and new
assurers contribute rateably to the expenses of manage-
ment, and no profit is declared by anticipation. The assets,
consisting of funded property, mortgages, life interests, and
reversions, premiums due on Deo. 31 (since paid), interest ac-
crued on investments, balance at bankers and in hand, amount
to £2,315,129 19s. 2d, The liabilities, consisting of the values
of policies and the bonuses already declared, claims ac-
crued in 1863 but due in 1864, commission, taxes, and sun-
dry small accounts, amount to £1,964,739 is 7d. There is,
therefore, after making provision for every known liability,
a surplus of £350,39017s 7d. The directors recommend that
£329,890 of this surplus be distributed as absolute bonus ;
and that the remaining sum of £20,500 17s 7d be retained
for the payment of annual, contingent, and conditional
bonuses. It is further recommended that out of this sum of
£20,500 17s 7d, an annual contingent bonus of £1 per cent per
annum be added to the absolute bonus on such policies, now
entitled to participate, as shall become claims during the cur-
rent quinquennial period, viz., on policies which become
claims in 1864, £1 ; in 1865, £2; in 1866. £3; in 1867, £4;
in 1868, £5 per cent. on sum assured. To those policies
which are not entitled to participate in the present bonus, by
reason of five annual premiums not having been paid upon
them, but on which claims may arise after the payment of
the fifth annual premium and before the next quinquennial
investigation, they propose to add a bonus of like amount
as if five annual premiums had been paid prior to the pre-
sent division. The sum of £329,890 will produce rever-
sionary bonuses amounting to £506,300, yielding a per
centage ranging from 5 to 34, or 9k on the average of the
sums assured; and a per centage ranging from 26 to 160,
or 59i on the average, on the premiums received in respect
of which the bonus is allotted. The same options are offered
as at the last division, and so the present bonus may be
taken either, Ist, in money; 2d, in addition to the sum
assured ; 3d, in a reduction of the preminms for five years
only; or, 4th, in a reduction of the premiums for the re-
mainder of life. The society now assures by .9.022 policies
the sum of £7,233,564, and has an assurance fund
amounting to £2,272,385 ltd., and an annual income of
£307,475. The large number of assurances in force affords
a protection to the society against those deviations from the
average which attend a paucity of numbers, while the re-
spective amounts of the capital and the income attest the
firm and satisfactory condition of the society. The experi-
ence of the society during this period (the fourth which has
elapsed since paying off the shareholders), has fully realised
the expectations of the directors, and they feel assured that
the members will share their satisfaction."

The CHAIRMAN gathered from the cheers which
had followed the reading of the report that it
was not altogether unsatisfactory. (Hear, hear.)
The society had been now forty years in exist-
ence. At the end of the first twenty years they
had paid off the shareholders, and since that
time they had been going on, and had now ar-
rived at a tolerably mature age. The present
quinquennial investigation was, therefore, the
more interesting seeing that they had been
long enough in existence as testing the accuracy
of the foundations upon which the society was esta-
blished. During the peat 40 years they had made
steady progress. Their capital had been rolling up,
and they had now to deal with very large figures.
The assets of the company were calculated at
£2,300,000 and upwards. The premium income
was £214,000, and the total income amounted to
£307,000. The accumulations, therefore, in com-
parison with the statement of Eve years ago, showed
an increase of £475,000 to their property, that was
in addition to the sums paid as claims and in reduc-
tion of various liabilities. It was true they owed
rather a large sum, their liabilities being £7,200,000,
the present value of which was £3,359,000. To
meet this they had in hand £2,315,000, and five
years' purchase of the premium income would make
up the whole sum necessary to meet the valua-
tion of the liabilities. That he submitted was a very
satisfactory position to be in, and one which he
thought must satisfy even the critical mind of the
Chancellor of the Exchequer. (A laugh.) Their
assets in fact amounted to no less than 30 per cent.
of the whole of their liabilities. He considered their
actuary (Mr. Downes) had shown great skill in
bringing out these figures, and the board had every
confidence that the surplus now presented was actu-
ally divisible among the policy-holders. The pre-
sent bonus amounted to £329,890 in hard present
money, which in reversion would produce £506,000,
which was a large sum. In 1858, the total sum
they had divisible was £304,000, or about
£25,000 less than they had now. As the business
had rolled on during the five years there had
been '2,600 policies added, and 1,400 had run off
in one way or another. It would be seen by the
report that the average bonus now to be declared
on the premiums received was 591 per cent., against
65 per cent. at the last quinquennial meeting. This
might atlfirst sight seem startling, and some might
regard it as an indication that they were going down
hill, but the explanation he thought would be satis-
factory. In point of fact the amount was spread
over a much larger surface. It was an average
they had young lives at one end, and old lives at the
other; and unless they could get the old lives to go
off as fast as the young lives came on, there would
necessarily be a variation reducing the average, but,
in favour of the old lives. The bonuses were, how-
ever, accumulative, and as time wore on the young
lives would obtain the advantage. There were
some 100 policies still in existence that were issued
during the first three or four years of the society.
The number of policies during the past quinquennial
period was 2,611 as against 2,578 in the previous
five years; the amount assured by them £2,050,000
as against £1,875,000. The average number of
policies per annum was 528 against 516 in the
former period; the average amount of each polity
£777 as against £729; and the average of each
policy issued in 1863 was £893. This led him to
the conclusion that so far as they were concerned
they need not take much heed of the Government
Annuities Bill. (Hear.) The Chancellor of the
Exchequer was going into a description of business
which this office did not court, and they were willing
to leave him to carry out his scheme as he beet ,