The Sun.
London, England, 1863-12-03 00:00:00

ISSUE DEPARTMENT.

Antes issued ......427.084,3931

Government Debt £11,015.1c0
Other Securities .. 3.634,90 t)
Gold Coin & Bullion 12,434,390
Silver Bullion

5.27,081,390

£27,081,390

BANKING D,
r'ioprietore' Capi-
tal £14.553,000
Rest
Public Deposits (in-
cluding Exche-
quer, Savings'
Banks, Comnns-

;PARTMENT.
Government Seca-

cities (including
Dead W eightAn-
uity) £10,710,330
Other Securities 21.173,559
Notes
Gold and Silver 611,064
Coln

missioners of Na-
tional Debt, and
Dividend Ac-

counts) 7,234,804
Other Deposits 12,921,515
Seven Day and
Qther Bills 663,107

£33,550.739
M. J

£38.559,732
.RSHALL, Chief Cashier.

AMERICA.

SOUTHAMPTON. DEC. 3.
The North German Lloyds' steamer Hansa, from.
New York on. the 21st ult., passed the Needles at
10.30 a.m. to-day.

The London and Provincial Turkish Bath

Company (Limited).

hta lders of
company,
The half-yearly meeting of the shareholders
this company was held, pursuants
o the act of
Parliament, at the premises of this
Hammitu, 76, Jermyn-street, on Monday. Mr,
the
Stewart Erskine Holland, the chairman of the Mr..
corn.
pany, presided. The directors present were—Mr.
George Crawshay, Mr. Percy Smith, Major Poor;
Mr. J. H. N. Da Costa, and Mr. James Lowe.
The following report of the directors was read :--
" In submitting the balance sheet of the six months end-
ing Oct. 31, the directors have to observe that therein are '
included the three slack months of the year, during which
the frequenters of the bath are principally out of town.
Nevertheless the balance of profits for the last halt-year is
upwards of £250 inincrease of the previous one. The returns
for the current month of November show a considerable rive
in the receipts as compared with the month of October.
The company having commenced operations with an insuffi-
ciency of capital, a portion of the land and building lying
on the south is as yet unemployed, and certain parts of the
original plan remain uncompleted. Without any such
changes, however, the extension of the habit of bathing
would bring iu very large returns; as from the moment
that the remunerating point is turned (as is now the case),
the increase of the gross returns becomes almost entirely
net profit—and the building, as it stands, could accom-
modate four times the number of persons who at present
visit it. There are many indications that such an in-
crease may be expected : viz., the station of those who are
the most constant frequenters of the bath, the satisfaction
expressed by those who do frequent it, and the positiva
amount of relief in illness known to have been experienced.
In elucidation of tho het point it may be mentioned that it
is now no uncommon thing to find some one who has made
a long journey to take a single bath; in Bowe cases being
ordered to do so by his physician. In the report of No-
vember, 1862, the debt is stated at nearly £6.009
(.£5,584 9s. 1d). The debt has now bean reduced to £3,000.
Various alterations have also been required in the bath after
this year's experience. Still the directors are able to pro-
pose a dividend of 6 per cent. In the report of November,
1862, thedirectors state that the expenses of the manage-
ment, ko., will be subject to little if any increase, even with
a greatly increased income.' This expectation has been
fully borne out, ns the expenses have during the current
year been materially reduced. The directors have not felt
themselves at liberty, so long as the debt of the company
remained unliquidated, to incur the necessary charges for
converting to profitable use those rooms in the house not
occupied in the service of the bath. They are now, however,
happy to be able to state that they have been able to make
arrangements by means of which this has been effected. To
do this, it has been found necessary to take out an hotel li-
cense. In their opinion the returns already made are exceed-
ingly encouraging, considering the difficulties that surround
the attempt. With respect to the no .e of the auditor on,
the vouchers of the hotel department, the directors
have investigated the matter, and find there is nothing to
complain of but an informality. The advantages are so ob-
vious to persons coming up from the country to take the
bath of having comfortable a?artments under the same roof,
especially in the case of positive invalids, that the direetor
beg to suggest to the shareholders that they should take
opportunity of making it known that such accommo-
dation
original plans proposed were for
now provided. For the better elucidation of thi
every
is
branch, the statement made upon the subject in the report
HisEhneroeuisnEtro.—diur3l
the conversion of the premises in Jerm
the St. James's Hotel—into the bath. Yllstreet—formerly
o f
‘, 1862,1
rear having been subsequently obtained,The stables in the
proposed for the erection of a structure new plans were
order—that which now exists. The of a very different
street consequently became premises in Jermyn-
a dead
separate property, and yet necessary weight, unavailable as a
commu-
nication. These premises have as a means of
appro-
priated to the general consequently been
office, boardroom, purposes
cof of the bath, supplying pas-
sage,.teroom, shampooer's apartment,
storeroom, accommodation for the servants of the establish-
ment. It is the intention
of the directors to appropriate the
apartments still u
aelnployed to the extension, as occasion
offers, of the refreshment department. Until the building
operations were concluded no portion of the house could
have been disposed of. Since the opening of the bath the
house has rendered to the company the fall value of tho
yearly charges which it occasions.
It is not possible at pre-
sent to
give a detailed scheme, but it may bee mentioned
that the directors propose to combine a coffeeroom, reading-
room, and sleeping apartments, with the service of the bath.'
"The directors
are of opinion that if the capital of the
company be so far increased as to pay off the debt, now
reduced to £3,000, and to leave a certain sum available for
the completion of the building and its improvements, a
very large return may be confidently expected, as based
upon calculations that have hitherto proved accurate. 14
being provided by the Act 19 and 20 Vict., C. 47, that one-
third of the directors shall retire annually in rotation,
Messrs. Da Costa and Lowe now retire : they beg leave to
offer themselves for re-election. Mr. R. Richardson, having
s
retired from the direction, Major It. Poore, Bthligh7n thr
e
proposed for election in his place. The
year firs Lcessary
present auditors were elected having expired,
I:Erectors beg
to elect auditors for the ensuing year. .rhe t. per annum,
to propose a dividend at the rate of 6 per eel'
.11 shares then paid up,
from the Ist day of May, 1863, on '"-subsequently paid up
and a proportionate rate on all shoo
we nt, amounting to
in full, according to the date of psi
carried at the
o
£469 4s. The following Te
1:1;n
wolders of 40 shares and
general meeting in Nov., 1862:
upwards shall be entitled to a
fr admission to
the bath,
unless revoked at a general meet:l b Mr. Crawshay
In the course of the meeting, said
that, not having been present at the meeting of his
the report was drawn up,
when
brother directors
w why the dividend declared Was
not 8 rather than 6 per cent., seeing that the profit
earned seemed to fairly warrant the larger rate.
The chairman explained
a
lained that, being
Young com-
v, it was thought better to keep an available
balance in hand to meet any contingencies. Air.
Crawshay said he was satisfied.
In acknowledging the Tote of thanks to the
chairman and board of directors, the chairman
stated that, satisfactory as the state of the
present
company's affairs now is, it would become much
more so if additional capital of about £B,OOO were
subscribed, to enable the directors to carry out
what was contemplated, for developing and increas-
ing the resources of the establishment. BY ex-
pending that
would
sum of money, the company
be entitled to have their lease from the Crown
extended to a very long period.