The Sun.
London, England, 1864-05-05 00:00:00

THE SUN, LONDON, £HUHSDAY EVENING, MAY 5, 1864.

SuOrrlsll AN]) UNIVERSAL FINANCE
BAN

To be incorporated under the Limited Liability Act.
Capital, £1,000,000, with power to increase to £5,000,000.
20,C00 shares of £5O each. First issue. 10,000 shares. £1 on
application, XI on allotment, and L 5 in three months.

IHE NAVY.

It is not intended to call up more than £25 per share. In
the event of no allotment of shares being made, the deposit
money will be returned in full. If more shares are applied
for than are allotted, the surplus of the deposit money will
be applied to the payment due on allotment.
Prospectuses and forms of application for shares may be
obtained of the brokers, and at the offices of the company.
Home, foreign, and colonial contracts.
Head Offices, London and Glasgow, with branches in
Paris and New 'lock. _ _

More than half the capital being already subscribed for,
the list will remain open only a few days ; and, by a reso-
lution of the board, the whole of the remaining shares will
be allotted in strict order of applicativn pro rata.
By the constitution of the association, the directors are
not to be paid for their services until the shareholders shall
have received 7 per cent. dividend out of the profits, thus
pledging their own remuneration on the success of the
company.

DIRECTODS.
William Crosskill, Esq. (William Crosskill and Sons,
agricultural implement manufacturers.)
Henry Frederick Downes, Esq. (Messrs. Downes and Sons,
bankers and army agents.)
George Grant, Esq., lute Sub-Treasurer to the Bombay
Government.
Cyrus Legg, Esq , Director of Mercantile Union Insurance
Company.
A. Rosselli, Esq. (Messrs. Rosselli Brothers), merchant,
Rood-lane.
Angelo Usiglio' Esq., merchant, Great Tower-street.
Charles Wefts, E,q., shipowner, Director of London and
Provincial Marine Insurance Company.
Chalmers Izett Paton, Esq. (Hugh Paton, 9, Princes-
street, Edinburgh).
(With power to add to their number.)
BANKERS.
The Imperial Bank (Limited), Lothbuiy, London,
mnon..mts.
Lewellin A. Crowley, Esq., 3, Copthall Chambers.
SOLICITORS. _ .

Messrs. Mayhew, 26, -C;;;i2SCieet, Lincoln's-inn-fields,
London.
AUDITORS.
Charles Smith and Sons, New Broad-street, B.C.
Temporary Offices-61, Cornhill.

Naval and Military Intelligence.

The Duke of Somerset and other members of her Ma-
jesty's Privy Council arrived at the Royal Clarence Vic-
tualling-yard yesterday, by special South-Western train
from London, and crossed over to Osborne in the Sprightly
steamer, Master Commander G. Allen, returning to town
afterwards by the same route.
Her Majesty's seam yacht Osborne, Staff Commander
George H. R. Bower, yesterday arrived in the Thames,
having been placed at the disposal of the Lords Commis-
sioners of the Admiralty for the purpose of their inspection
of the Channel fleet in the Downs.

The hired transports Bellona and Thor yesterday went
alongside the Arsenal pier at Woolwich, laden with returned
stores from Corfu. The Westerbottom and -Verandah, also
from Corfu, have discharged the greater portion of their
cargoes from the dismantled fortress, consisting of 900 tons
of guns, shot, carriages, and other war stores.
Oa the 3d of April, 1862, the Royal Sovereign three-
decker, then but recently constructed to carry 131 grins, and
fitted with engines of 800-horse power, nominal, was towed
down Portsmouth harbour and placed alongside the dock-
yard to undergo the work of conversion to a 6-gun turret-
ship, on the plan advocated by Capt. Cower Coles, 11. N.
The work was to be completed in about 12 months, so that
by April, 1863, it was expected she would be afloat and
stationed at Spithead until the completion of the forts which
are now in course of construction for the protection of that
anchorage. In April, 1863, however, the ship was still in
process of conversion. On the 9th of March, 1864, she was
finally floated out of dock with the armour on her sides and
her turrets, and one 12-ton smooth-bore gun (1,50-
pounder) in her foremost turret, but with an immense
amount of work remaining to be done before she could be
ready for sea. Even now she cannot be made ready fo
sea under six weeks or two months, To-day she certainly
will receive the remaining four guns for her turrets, which
are ordered to be sent up to her from the gun-wharf, and
she will probably, in the course of one or two weeks, make
a preliminary run over the measured mile; but neither re-
ceiving theremaining four guns of her armament nor making
this preliminary run over the measured mile will qualify
her for service. All the delay cannot justly be laid upon
either the Admiralty or dockyard authorities. The work
was altogether of an unusual kind, and, while shipwrights
were learning to become "workers in iron" in lieu of
workers in wood, the way had been felt, so to speak, by
those in charge. Altogether, looking at the state of the
ship now and bearing in mind past experiences, it would
seem almost impossible to fix an earlier date for her maiden
cruise than the end of June next or the beginning of July.
The following appointments were made yesterday at the
Admiralty :—Capt. E. B. Rice, to the St. George, vice Capt.
Grenfell, whose period of service has expired—Commander
F. G. Suttie, to the Salamis—Lieut. E. A, Pusey, to the
Salamis—Lieut. H. K. Leet, to the Excellent—G. T. Bol-
ton, midshipman, to the Liffey—E. P. Tomkinson, naval
cadet, to the Revenge—A. G. 'Waller, naval cadet, to the
Marlborough—W. B. Ponsford, naval cadet, to the Phoebe
—and R. H. Carroll, assist Burg, to the Salamis.