The Sun.
London, England, 1863-10-22 00:00:00

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2

PRICE. ...
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STAMPED

he (Mr. Clive) hoped to have one at w 00777;
own grounds next year. He believed the introduc-
tion of the steam plough would be found necessary
not only to keep their land in a consistent and por-
ous e
nasai trba
ltaeen,
tdah nwe dma
ta
bel
rsyo
pi firmnase pass
e taahsner dod
u retentive,g h i
tso as to let
freely,
but also
he considered would be found to be the perman-
ently depressed price of corn. (Hear, hear.) In
conclusion he proposed " The Committee of Manage-
ment for the year."
Mr. C. WREN HOSKYNS, replying to the toast,
alluded to the late harvest, which he said was pro-
bably the best that had ever been gathered in this
country. No doubt many of his hearers had read
the remarks of Mr. Lawes in the columns of the
7imeB, in which he had given the results of the
harvest, as ascertained on his experimental and
ordinary farms. The result was that an extra
produce had been raised, amounting to 20 bushels,
or he would put it lower—say, two quarters per acre.
He spoke of this excess as extending over a very
considerable area of land, and it would be a very in-
teresting problem to solve what was the total gain
in increased produce in England this year. Out of
the 37 millions of acres of lend in England 18 mil-
liens, or nearly one-half, were under arable cultiva-
tion, of which nearly 4,000,000 were under wheat
craps alone. They could, therefore, roughly estimate
the surplus crop of wheat in this country—two
quarters per acre over 4,000,000 of acres making
8,000,000 quarters of wheat in excess of the average
produce. The natural produce of the country was
estimated at five months' consumption. After some
further remarks on this subject Mr. Hoskyns ex-
pressed an opinion that the pastures of England were
not so well managed as the arable lands, and he
especially advocated the use of lime and road scrap-
ing on them to restore those inorganic substances
which were being continually taken out of the soil.
He next came to the subject of agricultural statistics,
and expressed a hope that they would soon be ar-
rived at. It had been objected to this proposition
that these statistics would afford an advantage to
the landlord, and might lead to rents being raised;
but he (Mr. Hoskyns) believed that rents were
already as high as the market would bear. What
he recommended was, not that they should take the
statistics of every farm, but that they should obtain
the returns of the growth of each particular grain
or other produce in each parish, so as to be enabled
to compare the produce from year to year. He
hoped they would succeed in obtaining this before
the expiration of another year.
Other toasts of a complimentary and local charac-
ter followed.

far from his intention to confine his
particular party. Indeed, he was s,
pally of the permanent officials, who w .no
Haas at all, but who always wished to manufacture
everything for themselves. They would build their
own ships, although Mr. Laird could do the work
infinitely better, and when they wanted cannon they
applied exclusively to Sir W. Armstrong. He was
not finding fault with Sir W. Armstrong, but he
contended that any system which confined the Go-
vernment exclusively to Sir W. Armstrong, and
exeluded them from the market where they could
find men of genius like Mr. 'Whitworth, must be
based upon a bad principle. In these times it was
necessary that we should avail ourselves of indivi-
dual and independent enterprise and talent, and we
might depend upon it that we were on the wrong
tack when we allowed the Government to become
manufacturers, instead of dealing in the open
market.

ECNonndeistitonproofptohsed
charity. Hitherto,
oft
even-
ing, ‘` Prosperity to the Warehousemen and Clerks'
bchools," and gave a highly satisfactory account of
e
the Mfirn. financial
said, the institution had been houseless and home-
less, but a handsome buit' ldino• was now being erected
on one of the healthiest spo:s in Surrey. The land
cost £2,700, and the contract for the building
amounted to £17,100. Re stated the funds in hand
at £14,000, exclusive of £l5 0
, 00 reserved for meet-
ing the current expenses of the schools. There was
thus a deficiency of £3,100, but he had no doubt
that it would soon be made up. (Later in the even-
ing the secretary announced that upwards of £l,OOO
had been subscribed in the room, in addition to
£7,000 received on the occasion of the laying of the
foundation stone of the new institution by the
Prince of Wales in July last.):
Several other toasts followed; among others "The
Health of the Chairman," which was proposed by
Mr. Morley and briefly acknowledged by Mr. Cob-
den. The hon. gentleman said he had always la.
boured to promote liberty of action in men, to re-
move obstructions, to break away fetters, to give
free scope to the human mind. His leading idea a
a politician was admirably expressed by the great
poet of liberty, Cowper
" 'Tis liberty alone that gives the flower
Ot fleeting life its lustre and perfume.
And we are weeds without it; all constraint,
Except what wisdom lays on evil men,
Is evil."
During the evening a gelection of vocal music was
performed, under the direction of Mr. Edwin Gray.

RAILWAY INTELLIGENCE.

GREAT WESTERN.

about allotting to the shareholders, in rateable pro-
portionirredee7mable preference shares to the amount of
holdingt,ha4t,t,
tp e
willr e ennott. pr
eeartpee
at unayl.
i
fresh or additional charge upon the revenues of the
company, being issued in substitution of moneys
borrowed from bankers and others in the form of
temporary loans, renewable at short periods.
2t2ailetao2r. sthte
Thiharety the
state directors of this company are
Though the state of the money-market and the
credit of the company have enabled the directors to
borrow this money at 4 or 41 per cent., yet
the commission and other expenses of frequent
renewals have increased the yearly charge to an
amount more than equal to 41 per cent. So
then, when taken up as proposed, the interest
payable upon that amount will be rather less
than it has hitherto been, and the company will
thus be secured against all contingencies in respect
thereof. The allotment will be in the proportion of
one new share of £lO for every £lOO ordinary, stock
or shares in the company. The new shares are to
be issued on the 29th inst., payable by six instal-
ments, the last being on Sept. 29, 1864. The shares
will be treated in respect of dividend as fully paid
at
eufpxfr2ompetrheeen2t9.th
Ainst.,
discount
tg
rate
cent, per annum is to be allowed on any instalment
paid in advance.s