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

Books Received:

Bella Donna; or the Cross Before the Name. A Romance.
By Gilbert Dyes. 2 vols. Bentley.
A Young Artist's Life. Hurst and Blackett.
Passages in the Life of an Old Maid. By J. C. K. Saunders.
Otley and Co.
The Empire in India. By 51ajor Evans Bell. Triibner
and Co.
The Platkrm Sayings, Anecdotes, and Stories of Thomas
Guthrie, D.D, Houlston and Wright.
Le Correspondent. Janvier, 1861. Ch. Douniol.

General Credit and Finance Company of

London

(MEETING THIS DAY.)

The first general meeting of the shareholders of this
company was held to-day. It was stated in the report that
since the period the company had been constituted the
aspect, both of political and monetary affairs, had been
such as to inculcate extreme caution; and the unlooked-
for delay in the concesion of the allied French company
had caused a state of suspense with regard to important
branches of international business. This concession now
stood on the orders of the day of the Conseil d'Etat for final
approval ; and the directors had every reason to hope that
all obstacles were removed, end that it would be granted in
a few weeks. Notwithstanding these drawbacks, the
directors had the satisfaction of stating that the net profit
of six months' working, as shown by the annexed ac-
counts, after deducting rebate, current expenses, and
income tax, anr)unts to £38,168, being at the rate of nearly
184 per cent, per annum, In ascertaining this profit, all
securities held by the company were valued at the market
price of the day. This represented the actual rate of
divisible profit. The directors did not, however, recom-
mend that it should be all divided. In the infancy of a
company of this description, it seemed to them more prudent
not to exceed a moderate rate of dividend until an ample
reserve should have been accumulated out of profits.
Accordingly, they recommended the preliminary expenses,
amounting to £1,883135. 7d., to be written off at once ; the
sum of £9,534 1 ls. Id. to be carried forward to next
account, and £18,750 to be appropriated to dividend, being
3s. per share, or at the rate of a fraction above 10 per cent.
per annum, free of income-tax.

OCEAN MARINE INSURANCE COMPANY.

(MEETING THIS DAY)

The 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 o3co charges and expenses, to 31st
December last, a salance of £221,126 Os. 9d. The
period having arrived at which a certain profit has
been realized, the directors recommended the payment of a
bonus of lOs per share, amounting to £20,000, in addition
to the usual dividend of 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 oa9d be carried forward.

The London Financial Association.

(MEETING THIS DAY.)
• The half-yearly meeting of this association was held to-
day. The report, which was adopted, stated that after pro-
viding for the current expenses, and writing off the whole
of the preliminary expenses, and carrying forward a rebate
of interest at the rate of 7 per cent. per annual on loans not
due, there remained a clear profit of £28,7651x• 7d. Out of
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 carry forward a
balance of £10,240 is 7d. to the next half-year.

THE COLENSO CASE,
it should now be borne in
mind, has been removed, pro tem., 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 repre-
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, viz,, that Dr, Colenso was
guilty of heresy on nine counts-
1. His 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 ;
8, His denial that the Holy Scriptures are the word of
God ;
6. Hie denial of the inspiration 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. His depraving, impugning, and bringing into disre-
pute the Book of Coalition Prayer.
On this, the Metropolitan pronounced judgment, depriving
Bishop Colenso of his see, unless, on or before the 4th of
March next, he shall file 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.

noCwoNbDetU.oCreT
usOF
GT leinEe
raIAMERICAN
M'Cle a
1111:8' A
report
po—WrrtO hgives the who'o history of the Seven Days' battles before
Richmond. It is a very plain narrative, uttered with military
, whiche
brevity and straightforwardness, and consisting in great
part of official orders, telqratns, letters, and extracts from
the reports of subordinate commanders. But no pattiot
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
Chaneellorsville ; at Antietam, whore President Lincoln
:was deaf to their upbraidings, but asked fer, and listened
' toy the negro Kong," Jump Jim Crow," at Gettysburg and
1 along the Rappahannock,--New York World,