The Sun.
London, England, 1837-05-25 00:00:00

TILE SUN,' LONDON, THURSDAY, MAY 25,,1837.

io legislate much beyond the mind of the country, and to
pre Musa illeaStltCg for which the people were neither men-
tal! • tior morally prepared. He illustrated this by referring
to the declaration of Lord John Russell, when supporting
Mt-. Canning- as an avowed Anti-reformer, that he had
gi rem up the advocacy of those principles because the
p tople were t hen too ignorant or tqn apathetic to support
him. This was but a few years ago, and we must not ex-
pect the miracle of a whole nation becoming suffa-
ci-mtly enlightened to understand and appreciate Conti-
tinned speculative changes all at once. The Gentleman
he had to propose had done incalculable good by his suc-
cessful advocacy of the reduction of the taxes on knowledge,
by which, as well as by his writings, he bad laid the founda-
tion upon which theories, for which the people were now un-
fitted, might hereafter be successfully adopted. The Go-
verrnnent deserved the thanks and the support of the country
foe bringing forward sound and practical measures which
the people could understand ; and he trusted that all Re-
formers would see the error of pressing speculative changes,
to the obstruction of those measures and the weakening of
tl,at Government. It was a mischievous error that many
fell into, who said they pressed for twice as much as they
wanted in order to get the half they did want—this terrified
many timid. butt honest Reformers ; and the Tories, under
the hypocritical nnpellation of Conservatives, turned to ex-
cellent account the fears thus improperly created.—( Hear.)
The tide ofeducation, now advancing, would carry upon its
waves every desirahle reform, and no man had contributed
more to it than the Hon. Member he would propose.—
(Cheers.) P.is merits were known to every nation of
Europe—he was the Walter Scott of England.—(Great
cheering.) Nay, more—his mind was not a mere aurora
borealis, all light and no heat, but a vivifying source of the
purest. patriotism—his merits were a noble sacrifice on the
altar of his country, enkindled by liberty and gilded by ge-
nitts.—(Cheers.) He had witnessed in Lincoln some of
the enthusiastic and spirit-stirring effects of his luminous
productions and speeches, and he was satisfied that no one
had contributed more than Edviard Lytton Bulwcr, by his
works, and the reduction of the taxes on knowledge, to
the advancement of the national intellect, and the honour of
the national character. He, therefore, gave " Mr. Edward
Lytton Bulwer, and the Literature of the nineteenth cen-
tury."—Three times three, and very great cheering.
Mr. E. L. Bul.wEß returned thanks, declaring that he
felt the warmest gratitude for the compliment that bad
been conferred on him. He was glad that they did not
separate the cause of literature from their political duties.
The advancement of literature was also calculated to pro-
mote that of civilization, for literature, in fact, meant more
enlightenment ; and he was rejoiced that the elevation of
the tause of literature had been made the subject of theit
toast.

Mr. PALMER, jun., proposed the health of Mr. Baines,
M.P., and the speedy removal of every remnant of reli-
gious intolerance, and a more equitable distribution of the
revenues of the Church. The toast was received with loud
applause.

Mr. BAINES returned thaalcs, observing that the great
object of his life had been to promote those reforms pointed
out in the toast. That life had been a tolerably long one.
His political career commenced about the time that Sir
F. Burdett began his public life. Alas ! Poor Burdett,
" Old glorious," as they used to like to call him, he had
never expected to live to see what he had witnessed of that
Baronet in that House of Commons, taking his scat
among the Tories, and making a speech for them ; and in
the course of which the old Baronet said that the Hon.
Memb,,,r for Leeds seemed " as if he had got all the Lis-
sentrJrs in his belly !"-_( Laughter,) In his " belly !"
Wily, that. was a very classical expression.—(Laughter.)
The Hon. Baronet was always rather free spoken, but
though he might be free, it did not appear that his lan-
guage had become more elegant from the company he now
kept.—(Cheers and laughter.) Otherwise the accomplished
" Old English gentlern-,,n" would not have made the allu-
sion he did to his " abdomen."—(Cheers and hootings.)
If he could have replied, he would" have said, that as the
old Baronet wa.s once pregnant with Reform, it was to be
regretted ;gat he had become a shrivelled old man, and
was now most ignobly delivered of what had obviously
been a ;mat trouble to him.—(A laugh.) As to the
terms of the toast, he was grateful for having his name
coupled with them ; and he should do his utmost to rea-
!iv! the sentiments contained in it.—(Cheers.)
The Chairman then quitted the Chair, and the company
separated at twelve o'clock.

NATIONAL BANK OF IRELAND

The Secretary then read the advertisement calling the
meeting, which purported to be for the election of four
Directors in the room of those going out, by rotation—of
confirming the appointment of Thomas Moxon, jun., Esq.,
and George Moffatt, Esq., two other Directors appointed
since the last annual meeting, or electing one or two others
(as the case might be)_ in their stead, and to receive the An-
nual Report of the Directors.
The CHAIRMAN.—No notice has been given of any in-
tention to supersede the Directors who go out by rotation:
they are now the only candidates. I shall first put the
question with respect to the two gentlemen who have been
already nominated, and then proceed to the re-election of
the other Directors.

BRITISH CLAIMS ON FRANCE,

The motion for confirming the appointment of Thomas
Moxon, jun., Esq., and George Moffatt, Esq., was then put
from the Chair, and carried unanimously.
The CHAlRMAN—Gentlemen, the following Directors,
who go out of office by rotation, are now candidates for re-
election, no other candidates having been announced, John
Rawson, Esq., Ronald Ronald, Esq., the lion. Leicester
Stanhope, and Christopher Fitzsimon, Esq., M.P.
The motion for re-electing the above-named Directors
was then put and agreed to unanimously.
The CHAIRMAN then called upon the Secretary to read
the Report of the Directors for the past year, as follows :

(From the Times.)
Mr. Mackinnon will this evening move the House
of Commons (if there be a House) for the appoint-
ment of a Select Committee, for the purpose of taking
into consideration the cases of the claimants on the
French Compensation Fund. This subject, as many
of our readers will recollect, has frequently been before
the House and the public. It has been repeatedly
shown that many of these claimants have been treated
with the greatest harshness and injustice ; and, though
some of them may have obtained redress at last, it
would seem that there are others who, notwithstanding
the existence of a surplus of the fund, and the decla-
ration of Mr. Rice (before he was made Chancellor of
the Exchequer), " that if there were any surplus, no
technicai objection ought to prevail against a claim
upon it," are still refused on mere technical objections,
all participation in the monies advanced by France for
their compensation. The circumstances attending the
case of these claimants are shortly and clearly put in
the following statement :
These claims arose from the confiscation, in 1793, of
British property in France, in contravention of the Treaty
of Commerce of 1786, which stipulated that, in the event
of war, twelve months should be allowed to the subjects of
each country, to remove themselves with their property.
At the peact of 1815, France bound herself by treaty to
indemnify the stifferers by that confiscation : a mixed Board
•.fßritisis and French Commissioners was established at
Paris, 'and a short period of three months was allowed for
the presentation of claims. This Board continued in ope-
ration rip to the year 1818, and had already liquidated se-
vr,ral claims, when it was agreed between the two Powers,
that France should pay a specific snot in final satisfitction
of all claims then unadjudicated. In pursuance of this ar-
rangement, an Act of Parliament was passed in the year
1819, appointing a Board of Commissioners in London, and
regulating the distribution of this fund. In the discussion
whici-. arose on the passing of the Act, several members
ha-Ing expressed their disapprobation of the very short time
which had been aikoved for the presentation of claims, the
-then Secretary of State for Foreign Affairs assured the
House, that in the event of a surplus remaining, after pay-
ment of all the claims registered within the three months,
those claimants who had been too late for that registration
should have a reversionary interest in such surplus.
In 1826, all the duly registered claims having beep dis-
posed of, there remained a balance of about 500,0001., and
the Lords of the Treasury accordingly gave directions to
the Commissioners for the admission and liquidation of
claims, which had not been preseuted in time for the first
distribution, but owing to a narrow construction having been
put upon their Lordships' directions, and no publicity what-
ever having been given to them, very few claimants had the
opportunity of availing themselves of the indulgence.
In 1828 this second and limited distribution had been
completed, when a residue of about 300,000/. still remained BALLISA.
unitepropriated, out of which a sum of 23,707/. 10s. was in Sub-branch :—Castlebar.Th
of formation
tl,e first place directed to be paid to a Mr. Laffon la Debat matteretovichsecomnasiedYernabaleekex expense.
far the balance of a claim, quite unconnected with this In adverting course,
the late run upon thpe Banks in Ireland, the
fttnd, due to him by the Government, and the remainder Directors abstain from entering upon the various causes, espe-
was handed over to the Commissioners of Foods and cially as such causes had no connection with the operations of
Forests. The Government has however since agreed to this Bank ; the effect, however, was to create a very strong
repay the money advanced to the Commissioners of Woods feeling of distrust .and alarm amongst the holders of the notes
and ForeAs ; 'out no steps have as yet been taken to re.
of all Banks, and a general and simultaneous demand for gold
store to the fund the sum withdrawn from it to liquidate
was the consequence. This demand was promptly met at all
the Branches, and at our Agency in Dublin, where the pay-
the debt due ,Dale. Laffon la Debat.
The further appropriation of the money repaid by the
of ments were very considerable.
Although the National Bank of Ireland was liable to be
Commissioners Woods and Forests remained undecided assailed at ti-fiye oithe same me, et in no single
until the year 1833, when three new Commissioners were instance didh
a ,refusal, or tone moment'sti delay,y occur, in fully
appointed, to whom instructions were given by the Trea- satisfying every demand, whether made by parties presenting
sury respecting its distribution. It was hoped that this notes, or holding deposit receipts. Thus no event could pos-
dists;hution would be applied in the first instance towards sibly be better calculated to prove the resources of the Bank,
ths; indemnification of the remaining claimants for losses by and thereby establish its credit upon the firmest foundation;
the confiscations in 1793, who had been deprived of the for every individual holding its notes or recei?ts must now
benefits of the first and second distribution, and who really feel fully satisfied of possessing that which can be exchanged
were the only legitimate creditors entitled to the sever-
for gold, at any moment he may demand it.
si The prompt measures taken by the Directors prevented the
fund so distributed was applied to makeonary interest promised in 1819 ;
yet a portion of the Branches having the slightest discredit thrown upon them by
up some deficiency
not meeting their engagements; and so amply and regularly
to another class of claimants, namely, inhabitants of the were they supplied, that at the termination of the pressure,
Mauritius and lonian Islands, far the p tyment of whose the amount of specie usually retained, and necessary for ordi-
claims France had granted a separate and distinct fund, nary occasions, was not diminished.
although a former Baas(' of Treasury and the Court of The state of the monetary world at the period in question,
King's Bench had decided that those Colonial claimants had was necessarily attended with a very serious addition to the
no right whatever to participate in a surplus which was the expenses of the year, and also caused a suspension for some
residue of a fund with which, their claims had no connec-
length of time of the usual profits accruing on the business
lion.
transacted at so many branches of the Company, consequently
the profits of thiswere , in common with the other Banks of Ireland,
The remaining unpaid British claimants of 1703 were at
the same time invited to present their claims, and new caul-
This Society is to the Local Directors and
considerably
much indebted a portion of the past year.
Mauritius affected during
wants from the and lonian States were allowed Proprietors in Ireland, as well as to the officers of the several
to present their demands and to share pro rata.
establishments, for the great exertion, vigilance, and firmness
The invitation to the British and bona-fide claimants has displayed by them during the period of tame pressure ; and the
however availed them but little, as the Commissioners have, Directors have had the most gratifying and convincing proof
of the perfect restoration of confidence by the fact, that the
tertain ail the remaining unpaid claims of this class, on the
with the exception of some six or seven cases, refused to en-
notes of the National Banks of Ireland, notwithstanding the
considerable curtahilment. ofh local discounts and advances of
mere technical ground of their not having been brought for-
ward sooner, although the Commissioners must have been
seer eoreyeulecdripthticoinr,foramvee,rin channelste course of a few months, again
of circulation. The depo-
well aware that the parties never had the opportunity before sits of the Bank have also returned, and both are progressively
then to do so, and although the strongest evidence has been increasing ; and it cannot fail to prove a source of great satis-
adduced to that effect.
faction to the Proprietors to learn, that the credit of the
What appears still more unfair is, that this technical ob- National Bank of Ireland has in no way suffered, but stands
;ection has been waived in regard to the new claims from the higher than ever in the estimation of the public.

REPORT
Of the Directors of the National Bank of Ireland, made to the
Proprietors at the Second Annual Meeting, held at the
City of London Tavern, on the 24th of May, 1837.
The Directors of the National Bank of Ireland have the
satisfaction of again meeting the Proprietors, to render an
account of their stewardship for the past year.
In the Report submitted to the last General Meeting, the
principle upon which the National Bank of Ireland had been
established was fully explained, and the success which had
attended the formation of thirteen branches, and twenty-two
sub-branches and agencies, in the short period of twelve
months, added to the advantages derived by these establish-
ments from the support and influence of a numerous local pro-
prietary, led the Directors to entertain sanguine expectations
connected with the rapid extension and general prosperity of
the National Bank of Ireland.
Since the meeting in the month of May last year, the
Company have opened ten offices ; and the following are the
branches, sub-branches, and agencies which now form a part
of the establishment :
CARRICK-ON- SUIR.

TRALEE.

Agencies :—Killarney.
Cahirciveen.
Castle Island.
Dingle.
Miltown.
Tarbert.

LIMERICK.
Sub-branches :—Charleville.
Ennis.
Kilrush.
Agency :—Rathkeale.
TIPPERARY.
Sub-branches :—Fermoy.
Mitchelstown.
Nenagh.
Roscrea.
WATERFORD.
Sub-branches :—Dungarvon.
New Ross.
Mallow.
WEXFORD.
Sub-branch :—Enniscorthy.
CLON MEL.
Sub-branches :--Cashel.
Thurlcs.

CORK.
KILKENNY.
LONGFORD.

Sub-branch :—Roscommon.
ATHLONE.
Sub-branches :—Ballinasloo.
Moate.

GALWAY.
Sub-branches :—Loughrca.
Tuam.

SLIQO.

Sub-branches :—Boyle.
Casticrea.

Mauritius and lonian States, but insisted upon in every 'case
of the other'class.
The present Chancellor of the Eehequer in advocating
one of the new claims of the British creditors, in the House
of Commons, on the •.?..3(1 of June, 1828, when he was not
in office, stated that "if there were any surplus he t4ri.
think it fair that any technical ohjectiett, 'prevail
against the claim. If it were soug-ht to'eett 'OM of a claim that
was founded in justice by a liteYst: ket-Amical objection, he
thought the House 'onglittto interfere."*
Now, the fact is, 'that nothing but technical object
can be brought atlinst this British class of ‘4,,ittrr-their
justice cannot be disputed, and is et'. 'Z'Ven attempted to
be denied ; as the document. I:arnished by the French
Authorities, proving tltt4 validity and fully establishing
the claims, hart been in the archives of the Ceot.l4s.'s'iori
for ,evert years ; and there is little doubt lAA after pay-
ment of all the claims admitted the ti :..sv Commissioners,
there will still remain a surphrs,carom 50,000/. to 100,000/.
It is understood that the present Commission is about to
be closed forthwith, whereby it is to be apprehended, the
aggrieved claimants will be shut out from redress.
It is therefore most earnestly hoped that, according to
the Chancellor of the Exchequer's ,oven recorded wish, the
House will " interfere," and grant a Select Committee on
Mr. Mackinnon's motion, on Thursday,the 25th of May, to
investigate the mode in which the distribution of the French
Indemnity Fund has been conducted.
Vide " Mirror of Parliament,"

To meet the expenses and losses occasioned by the run
upon the various establishments of this Bank, the, ,Dic(Ttor3
have been obliged to trench upon to the ex-
tent of 11,363/. 5*(1;! as the affairs of the Company
do net:. aonexed balance sheet, exhibit so large an
of profit as was anticipated at the last General Heat-
ing, the Directors have instituted a course of the most rigid
economy in London, and by the prompt and ileeioiv7Tra,snrr?.l
which have been taken, and alc nip; fa very consi-
derable savingwitl e:ecteii in the expenses of all the
esta444.
.....en `.7, in Ireland, and the Directors arc perfectly con-
Uteed that the National Bank of Ireland, bytdr
operation of all their officers, will mt..ordy posi-
tion as a powerful and tisefifi"!6':3`.:l`..ion, but prove asprofit-
able to its Provei-erV>, is was originally anticipated on its for-
In the month of November last a requisition was adilrisisri,
to thc Court of Directors, signed by an inecelltittl hotly Of
Proprietors, representing mspwsk't'v bt sharlS; retfuest-
ing that an immediate ct*.o stronl'a be *lade t(pion the t-reneral
proprietary of M. pen share, fo 'enable 'the Bank to 'extend a
greattr 'degree of accomModaiTan i'es Connections during the
pressing crisis existing 'a't twat Nriod. The Directors,. after
due consideration., with the requisition, from not only
seeing- thr i*u.f.`sitile necessity of requiring additional means,should the then precarious state of the m9ney market and the
pressure in Ireland, continue.) but Nem feeling, eolifident it
would tCiitt to promote arid protect the ititeres's of the Share,
;ioltlers. end at the same time admit of the extended business
of the Bank being conducted with that due security so vitally
necessary in all well refolded Banking Institutions.
The capital of the Company on the 31st December, 1836,
amounto,l 'to 245,58.5/., and the Irish local capital to
tZ1;,499/. 2s. 11d., making together 409,084. 2s. 11d.
In the last Report the Directors adverted to the probability
of a Metropolitan Bank being formed in Dublin, connected in
its agency with the National Bank of Ireland, but in conse-
(roue of numerous:difficulties presenting themselves, not pre-
viously anticipated, the undertaking has been (for the pre-
sent) abandoned, and the deposits returned to the subscribers,
with interest.
The number of Directors is sixteen, agreeably to a resolu-
tion passed at the last General Meeting, since which Daniel
O'Connell, Esq., M. P., has been elected Governor of this
Society, under provisions contained in the deed of settlement,
and in conformity with which the Court has filled up two va-
cancies that had occurred in the direction, and which require
the confirmation of this Meeting.
There are now to be elected four Directors in the room of
those who have gone out by rotation.
'rime Ciraittnail.—Previous to putting the question of
confirming this Report, I wish to address a few observa-
tions to the shareholders now assembled. The first point
to which I would direct their attention is, that the profit
and loss herein set forth is that of the London establishment
alone, and does not include the details of that of the branches
in Ireland. You are all apprized of the unhappy circum-
stances which compelled us to make an extra advance of
funds to meet the emergency of the run upon the Banks
which occurred in Ireland in October and November last.
Our report states, and states truly, that the run was not
caused by any of the operations of the National Bank of
Ireland---(hear, and cheers)—and what demonstrates that
statement is, that although at that period our circulation
was diminished, and that we exercised a stricter hand as
to the discounting of paper, so as to make it almost impos-
sible that accommodation paper should be discounted, not-
withstanding that limitation our circulation has again spread
almost to the same extent that it was before the run.
Gentlemen, you are of course apprized that by one of
those fatalities connected with and incidental to Banking
business, and'into which I do not enter at all, the Agricul-
tural Bank was placed in such a position as to be compelled
to suspend its payments. It was the state ofthat Bank that
created such general distrust in the minds of the people of Ire-
land, and it was that which obliged us to have such a quantity
of gold in Ireland, to prevent our Establishment sustaining
any injury or inconvenience in its character or credit. The
National Bank of Ireland on that occasion underwent an
arduous and severe trial, and it came out of it with the con-
viction upon the mind of every one, founded upon the test
of experience, that not only was there no fear of oltimate
loss, but that no delay could be then, or at any future time,
apprehended in obtaining the full value of its notes by those
who held them.—( Much cheering.) Indeed, the principle
of safety upon which the Joint-stock Banks arc founded
was never better demonstrated than by what has occurred
with respect to the Agricultural Bank : for it appears by
the statements that have been published in the newspapers,
that at the period of their suspending payment there was
upwards of half a million, I believe 550,0001., of their notes
in circulation. All these, as they came • in, have been paid
off since their suspension in November last--the public
have been paid up to the last farthing. Those who have
made deposits with them have also been paid off—the de-
mand of the Northern. and Central Bank upon them, to
the amount of about 40,000)., has been discharged, and the
claim of the Westminster Bank, amounting 35,0001.,
has been also liquidated. In short, the public have
been no losers in any respect. Although that Com-
pany have had no profits—although they have not
had the advantage of credit—yet they have satisfied
the public in all the demands that have been made upon
them.—(Hear.) Gentlemen, I dwell upon this fact, be-
cause nothing can more clearly demonstrate to the public
the safety of Joint Stock Banks. There is no instance, I
believe, on record, of a private Bank, after having stopped
payment, and upon winding up the concern, paying twenty
shillings in the pound in the course of six months. Such a
thing, to my knowledge, has not happened, nor is it very
likely to happen. I know, of course, that it will occur to
many, when I speak of the security to the public, that there
is another ingredient of some importance to the gentlemen
I address—l mean the safety of the shareholders. It may
be urged that the safety of the shareholders is one thing,
and the safety of the public another. But let the public
once be convinced that they are safe, and that conviction
will re-act upon the shareholders, and be not only a source
of safety but of profit to them.—( Hear, hear.) It is not,
therefore, foreign to my purpose now to advert to that
point. The next subject to which I shall refer is with
respect to the statement of profits and losses'. The profits for
the year ending December, 1836, were of course consider-
ably diminished by the extra expenses to which the Com-
pany was put by the run upon the Banks. Bank of Eng-
land notes were at a discount in Dublin at that period.
You could not sell Bank of England notes at par, although
the opinion of the law officers of the Crown, which had
been obtained and promulgated, was, that they were a legal
tender. The gold being concentrated in this country, it
was necessary for the Company to incur the expense of
transporting it to Ireland. The facility of transmitting
Bank of England notes there was comparatively nothing ;
and the difference between the cost of the one and the
other, made Bank of Vaigland nntes be at a discount, even
in the Batik or Ireland. It has been alleged that this
Ralik owed its safety to the Bank of Ireland during that
period. Nothing can be more unfounded than that allega-
tion.--(Loud cries of " Hear, hear.") I ant bound to do
the Bank of Ireland this justice. Being de irous to open
a credit with them, they consented to do so to the extent
that I asked ; but I have the pleasure to tell you, that we
had not occasion to use this credit to the extent of a single
pound.—(Cheers.) I am only discharging a debt of gra-
titude to the Directors of that Bank when I state, that
actuated by a proper consideration of what was due to
public credit, they acceded to my request at once ; and I
have the additional gratification of' now stating to you, that
it was not necessary to use that credit to the extent
of a single shilling.—(Loud cheering.) I have now,
also, the additional satisfaction to inform you, that the
profits of this concern are daily increasing.—(Hear.) The
Chairman here entered into some matters of detail, by
which it appeared that the progressive increase of the earn-
ings of the Bank had been regular, and showed that those
of the current half year would double in amount those of
the -corresponding period of 180E1. I also, Gentlemen,
have the satisfaction to tell you, that while your profits are
increasing your expenses arc diminishing. i'Ve have intro-
duced the most rigid system of economy into the concern,
which will be carried into eirect throughout all its branches.
I have not the least doubt that the expenditure will be
diminished both in London, where we have already limited
it to the smallest possible amount, and in the branches, and
I think I may safely say that this year there wilt be a de-
duction of 10,000/., but at all events I ant quite convinced
there will be a deduction of 8,0001. a year.—( Hear, hear.)
This will be more readily perceived (I mean the reduction
in our regular outlays) by a reference to the accounts
themselves. Another expense, which spreads over a
period of five years, and is a very considerable one, is
that occasioned by the increase of Branches. Every new
Branch makes an item in the preliminary expenses
of a considerable amount. We shall have no more of that
description at least for some time to come, until we have
determined upon extending our business into the North of
Ireland, and which we shall not attempt to do, being per-
fectly satisfied with the progress the Bank is at present
making, until there is something more of stability in the mo-
netary system of the country.—( Hear, hear.) While we
throw that item out, as one of the expellees which may dimi-
nish our profits, I believe I am warranted in saying that the
increase which has been taking place up to the present half
year is as pleasing a prospect as can well be offered to the
'Proprietors, more especially as every allegation I have made
can be abundantly and satisfactorily substantiated.--(Hear,
hear.) And what I wish, and what the Directors of the
Society particularly desire is, that each shareholder who
feels an interest in the concern, and who wishes: to verify
these statements by the details, will have the go adeaess to
come to the Secretary at any hour that may suit bis con-
venience, and at the office lie will find all the books and ac-
counts of the Company ready to be exhibited for . his pe-
rusal. The Directors anxiously invite the fullest ins 'estiga-
tion of their acts, and they shall at all times grrteft Illy re-
ceive any suggestions for the better managem ant of the
concern, and more especially for a greater syst am of eco-
nomy in all its departments, if such be at all p
(Loud cheers.) Recent circumstances- I ,ave directed
the attention of the Legislature to these estal Aiahments, aqq

The second Annual Meeting of the Directors and Pro-
prietors of the National Bank of Ireland took place on
Wednesday the 24th instant, at the City of London Tavern.
Bishopsgate-street. At a cm.lrter-past one o'clock, Mr.
O'Connell, M.P., accompanied by the Directors and Offi-
cers of the Company, entered the room,
Mr. O'CoNNELL on taking the chair said—Gentlemen,
my first duty is to apologise for keeping you waiting be-
yond the usual time. The fault of the delay was exclusively
mine, but I hope and trust that you will attach no blame
to me when I tell you the fact, which is, that I was de-
tained by my public duties,_.(Hear, hear.) I was not able
to get to bed till approaching four o'clock this morning,
The consequence of being detained thus long from my natu
ral rest, and my being utterly unable to break through the
crowds of people that conic to me on various business, is,
that I have been rather late to my appointment here, but
I trust you are all convinced that I am incapable of the
exceedingly improper impertinence ofdetaining any one ofyou,
Inuch less the respectable meeting now before me, a single
moment beyond the time it was possible for me to be here.
It is said that this is a country remarkable for its common
sense; but we show very little of it by our habits in the
House of Commons, where we turn day into night and night
into day. The consequence of that system is that we lose
time instead of gaining it. From having sat up so late
last night the House cannot meet to-day, and thus two
days are consumed ; whereas if we had met yesterday
at an early hour and adjourned at a seasonable time, we
could have met again to-day for the despatch of the public
business. Hoping you feel satisfied that I have not been
intentionally guilty by this delay of any disrespect to this
Company—( Hear, hear)—we shall now proceed to the
business now before us. The first duty is to have the ad-
vertisement calling the present meeting read by the Se-
cretary.

a Committee of the House of Commons, of which I have
the borOt;t• to !•'0.,f1. MernUer, ,i 4 ,now sitting upon Joint
Stock Banks. What I know in the Cailabit3, 4it Member
of that Committee, I don't know for any purpose beyolid
that for which the committee has been appointed. It is
strictly a Secret Committee, and Mier WAS there an ,;("-
i.onovht?,tho.,heit,lnrObi tie ,of aeern shoold ua more
bindlttg Than In that case: ou coil hot q 10; nor
could you obtain, anY,itiff3rniatiOn.korn meapdnike sub-
ject ;„and „I stilly thiao7 h se dhservatidns pot as a, is6l:.tges-
lost-eni,r4cri tr.ter6tdd in these establishments, that they
may make themselves acquainted with the proceedings of the
Committee, because there can be no secret with respect to
the evidence or documents, which any person called before
that Committee has a right to lay befere itl The informa-
litti whieh ditty he dills accidired iiiigtit ttdfaniageotidi iki
fat. it's related tb dtir path aft,kirs ; lidt it Can no reference
td hiY CaPtiC;4 Of a itietiiher; id the aft:alit' of
ahy other Bank whatever. It does not strike tile that
there is any other subject which I am bound to bring under
your attention ; hut I cannot sit down without informing
you of the bonottt' that hi tiOeH ddirithrf6d 'Upon ttle; and I
have reason to reel Wad of it, in appointing me the do-
t ernor of this Barik.-=(Hear, hear.) It is no additional
ctiipertst td the Udtripatly; Phil I aril amply repaid by the
honour—it imposes no additional labotif tiedii t as a
Director, and occasions no additional expence to you.—
(Hear, hear.) I shall now close by again mooting individual
investigation on the part of the shareholders into every
portion of the transactions of the Bank. These are times
when individuals cannot be too minute in their attention to
every matter in which they are personally or pecuniarily
concerned, and this Bank is the personal and pecuniary
concern of every one of you individually. Any gentleman
who thinks proper to apply at the office shall have every
facility afforded him—every accommodation, and, I may
add, the most respectful attention on the part of the officers
of the, establishment during the investigation. The Direc-
tors invite that investigation at any time that the share-
holders individually may seek it ; and on their part I may
state, that they look to the result with very great confi-
dence. I now move that this Report be confirmed and
adopted by the Proprietors. The Hon. and Learned
Gentleman concluded his address amidst loud and general
cheering.
The question was then put that the Report be adopted,
which was carried unanimously.
A PROPRIETOR would be glad to know from the Chair-
man, if the question was not out of order, whether the
profits were the gross profits of the concern, without de-
ducting those losses which every body was aware must
inevitably be incurred in carrying on banking business ?
The CHAIRMAN—This is a question which I can have
no hesitation in answering—the profits stated in the Re-
port are net profits.—( Hear, hear.)
A PROPRIETOR observed that there was a good deal of
anxiety on the minds of some of shareholders as to the pre-
cise terms of the trust deed, because it appeared that quo-
tations had been made from it, which many persons were
not aware that it contained. He was desirous of knowing
whether there was any objection on the part of the Direc-
tors to have the trust-deed published to a certain extent,
and circulated among the shareholders. For instance, two
Directors had been proposed, to be confirmed to-day, and
no public announcement had been made of their appoint-
ment, nor could any opposition have been offered to them,
if such was intended.
The CHAIRMAN said, the observation that had just been
made was entitled to some attention. The trust-deed con-
cerned every shareholder, and it was most desirable that
every proprietor should have a copy of it. There was an
Abstract of the deed lying at the Company's,.oiEce, and the
only objection to the suggestion was, that some little reluc-
tance might be felt to the expense of printing it. There
could be no doubt that it was most desirable to have the
deed in a legible shape for the use of the Proprietors, and
if there was anything like a general sentiment.in fnvour of
having it printed, the thing would be done at once.
Several Shareholders here expressed a wish that the deed
should be printed.
The CHAIRMAN would promise on behalf of the Direc-
tors that the deed should be printed. An abstract would
be also. convenient as there was so much verbiage necessa-
rily in the deed. Their solicitor, who was a very talented
professional gentleman, had made on abstract, which, so far
as he had consulted, it was very correctly and carefully pre-
pared.
Mr MILNE, a Proprietor, had a Resolution to propose
with respect to the deed of settlement, and begged to
know if he was in order in so doing ?
The CHAIRMAN said he was as much in order then as
at any other time, although he feared the resolution could
not be put.
Mr. MILNE—My resolution is : " That an abstract of
the deed of settlement, embracing all the important
points, be printed for the use of the Proprietors."
The CHAlRMAN.—According to the regulations of the
Company, notice of this resolution should have appeared
in the advertisement calling the meeting. The gentleman
has not perhaps understood me. I have already stated
that the deed is to be printed in full and also an abstract.
Mr. MILNE.—I have several other resolutions to pro-
pose, and I beg to know if I am at liberty to submit them
to the Proprietors?
The CHAIRMAN.—I have no objection to your addres-
sing any questions to me, and I shall answer them as fully
as lies in my power. If the gentleman will read his re-
solutions I shall give him the best satisfaction I can upon
any point involved in them, and shall call the attention of
the Directors to any suggestions they contain ; but they
cannot be proposed to the meeting, without notice previ-
ously given. He will see at once that my duty is clear,
although it may be an unpleasant one, to refuse to put
these resolutions.
Mr. MILNE said he had prepared two or three resolu-
tions, and two had been put into his hand by another gen-
tleman. He would now read the next resolution, which
was to the effect, " That no money be loaned upon the
shares of the stock of this Bank, directly or indirectly ; and
that if any have been loaned, that it be called up ; and if
not paid within thirty days, that the shares be sold forth-
with, so as to protect the Bank from loss."
The CHAIRMAN said, if the gentleman went with him to
the office, he would be readily able to convince him that he
need not entertain the least apprehension upon that point.
He could state, most distinctly, that it was impossible the
Bank could sustain any loss from such a cause.—(Hear.)
Mr. MILNE—Am I to understand, then, that no money
has been loaned ?
The CHAIRMAN said there might be a small amount of
shares taken to secure debts in j eopardy ; but the Proprie-
tors, he would again repeat, had nothing to fear on tha
point.

Mr. MILNE said his only object in putting the resolu-
tion was to protect the Company—having seen the destruc-
tive losses that had arisen from persons borrowing money
_upon shares. His next resolution was, that an abstract of
the deed be printed.
The CHAtaatAN—That is already done.
Mr. MILNE--I have now to move " that the future
meetings of the Proprietors and Directors of the National
Bank of Ireland be half yearly."
The SOLICITOR obsirved that that was a resolution
which could not be puf, except at a special general meet-
ing convened for the purpose, as it was part of the consti-
tution of the Company that the meetings should be annual.
Mr. MILNE—The next resolution is," that a Committee
of Management, to be composed of three of the Directors,
be appointed, one to go out every year, and be eligible to
be re-elected ; and that the Chairman of the Board of
Directors be the Chairman of the Committee of Manage-
ment."

The CHAIRMAN-It is impossible to put the resolution
now, but I may state thus much to the meeting—every Di-
rector is bound to be a Committee of Management, and at
present three of the Directors sit every day for that very
purpose.—( Hear.) We have diminished our Board days to
lessen the expense—on two days in each week the entire
Board sits, and then the Committee of Management com-
municates what business has been transacted in the interval,

in order that the entire Board may pronounce its approval,
or rejection.--(Hear, hear.)
The CRAM/SAN observed that the Committee of Ma-
nagement was elected every three months, and the gentle-
men who did undertake that trouble, were entitled to the
utmost gratitude of the Company. No individuals ever
worked more cordially together, or appeared more anxious
to promote the interests of the Proprietary.—(Hear, hear.)
He was glad the suggestion had been anticipated.
Mr. MILNE—The next resolution I have to submit to
you, Sir, is, " that no manager or other officer, except th e
Governor and Directors, be permitted to hold any shares
in this Bank."

The CHAIRMAN—No officer does hold any share in it.
Mr. MILNE—I now have to propose " That no Gover-
nor or Director be permitted to become security for any
officer of the establishment, without the concurrence of the

Board of Directors, to be confirmed at a subsequent meet-
ing of the Proprietors."

—The CHAtamAN—The Board of Directors have made
a rule that no Director shall become security for any
officer.—( Hear.)
Air. MlLNE—Governor or Director ?
The CHAIRMAN—The Governor is a Director, and
as such comes within the rule.

M. BIANcoNI, a Proprietor and Local Director in Ire-
land, could assure the meeting that thQ rule prohibiting an
officer from holding shares was strictly enforced in Ireland,
as one person was so circumstanced was obliged to sell his
stock.

The CHAIRMAN—The reason the rule had been made
was one which he as a legal practitioner had pointed out,
namely, that it might become necessary to have the officers
examined as witnesses in courts of law, and if they held
shares they could not be competent for that purpose. He
himself knew of one gentleman who held shares and be-

came an &Beer of Company-, but he was obliged to trans-
fer them before he accepted the situation. It would be
found that such was invariably the case, although the list
d Aliivq.:Nr.iporsr of the Company might exhibit an apparnt
contradict:A.

PROPRIETORA said he had tato .r.”rolutions to submit to
but if he Was irregular in so doing he would
I.?ave the matter to the cor;sitit,va-
the meeto:,,
Th„, ;vas—" That it is desk.
it"!!t7lv, Tend there, ant.:
to thirtcen,
tidn the Pife,titte.o#:
able tlia:t. ntiMb'ei, Pitebqot.. tto tecluej
anc that'; CVnseql,u'enW: on any traLt.76 :',l444ney occurring
the sal;:d tlO't, 0).61 a Genefi; Mlgting of
the Proprietors deter;!-''" Krr tlxe koliri•ety of filling UP PAT
same." The other resolution That the sum of
1,200/. be set apart for the annual payment of t'Yi,s; Governor
tod Direc,org, to be divided in such manner as thcji P all
dcerd &Opel' j that %then Ehe Directors recommend a divi-
dend of 5 pet tent' thd s.(tblett he agnin taken into consi-
deration, with a view to the ntiiloWnt liming iivcreiv.ed."
The CHAIRMAN said the reduction o 4 the nrittlrcir of Di-
rectors twi:l in opposition to the deed of nettlernent, bat it
was not in oppOsititto ko the opinions of the Direcints ;. on
tontrary, they had teat tilt,ady discussing the propriety
of reduelne their numbers ; but it stioniti be recollected that
the quantity of iiiis7O6ss
,to be done was so great as to re-
quire a kind of rotation fdf Tiollich a larger number was re-
qui:the; With respect to the still/ of 1,2001., if the gen-
tleman wotittl take the trouble of calliti4 at the office of
the Company he would f o(lthat the sum of !,2001. was not
exceeded by 1501.—(Cheers.) Ile believed the sUtn was
little more than 1,300/. If it was tiit.t.Tht right to !.rike
off that 1001.—(Cries of " No, no !")—he ft/vetted ex-
ceedingly that the ,'inns did not allow of his putatio the
resolutions. They would, hotYovqr. feel that he was not
acting there as an individual, but performing a public duty
which had been entrusted to him.

The same PROPRIETOR was gratified, and he wag sore so
also would the meeting be, to find that so many of the sug-
gestions made by the Proprietors had been anticipated by
the Board.

The CHAIRMAN—I am bound also to state that this
1,3001. includes the expenses of the Committee of Managg
ment, so that in fact we arc under the 1,200/. proposed by
that resolution.—(Cheers.)
A PROPRIETOR wished to know if the assets and liabi-
lities of the Bank were regularly published ?
The CHAIRMAN said the statement of the assets and lia-
bilities of the Company was to be had in two places—be-
fore the Committee of Inquiry upon Joint-stock Banks and
at the office of the Company, where a map, if he might so
term it, of their entire transactions was lying on the table for
the inspection of any shareholder. As he could not regu-
larly put any of the resolutions that had been read, they
would be taken by the Directors as memoranda to guide
them upon any points that had not yet been adopted.
The question was then put that the Report be printed,
which was carried unanimously.
A PROPRIETOR said he thought they would be doing
an injustice to themselves, as well as the Directors, if they
separated without offering them a hearty vote of thanks for
the manner in which they had conducted the affairs of the
Company, and to their excellent Governor in particular,
for the explicit, distinct, and courteous manner, in which
he had conducted the proceedings of that meeting.
Several Proprietors rose to second the resolution, which
was carried with acclamation.

The CHAIRMAN briefly returned thanks, and the meeting
broke up.
There was a large number of Proprietors from Ireland
and other parts of the country, present, all of whom ap.
peared highly gratified at the flourishing state of the con•
cern.

BIRTHDAY OF THE PRINCESS

VICTORIA.

GRAND BALL AT ST. JAMES'S PALACE.

Last night a ball, seldom equalled in magnificence, was
given at St. James's Palace, by command of their Majesties,
in commemoration of her Royal Highness the Princess
Victoria's birthday, and on her attaining an age highly inte-
resting to the country at large.
One detraction alone rendered this festival all but a
jubilee—the indisposition of their Majesties, the cause of
whose absence was a source of general regret.
Before ten o'clock the State apartments of the Palace,
consisting of the Entree Chamber, Queen Anne's (or the
Ball) Room, the Grand Drawing Room, the Throne Room,
the King's Closet, the Banquetting Room, the Long Gal-
lery, Retiring Rooms, &c., were thrown open, brilliantly
illuminated. The Yeomen of the Guard, in their full cos-
tume, lined the avenues leading to the State apartments ;
the King's Pages appeared in their State liveries ; the
Officers of their Majesties' Household in their official uni-
forms, and, in every point of etiquette, the Court ceremo-
nial was observed as strictly as if the distinguished com-
pany were to enjoy the gratification of the presence of their
beloved Monarch and his amiable Consort.
For some days previously preparations were made, by
express command of his Mnjesty, to give a degree of splen-
dour on this particular occasion commensurate with the
important event it was intended to commemorate. In the
Ballroom a spacious orchestra was erected on the south
side, or that fronting the gardens leading to St. James's
Park. At the eastern end of this salloon was erected a
dial, or raised platform, covered with crimson cloth, ex-
tending the entire width of the apartment, on which were
placed three State chairs for the members of the Royal fa-
mily, with others for the Ladies in Waiting. Above were
rich draperies of crimson velvet, with magnificent gold
fringe, and the front of the orchestra was decorated
to correspond. In addition to the grand chandeliers,
several gilt pedestal candelabras, of a novel construction,
by Perry, illuminated the recesses with a profusion of wax
lights, the effect of which was brilliant in the extreme.
After passing through the Drawing-room the company en-
tered the Throne-room, where •a second orchestra was
erected, and ornamented with draperies and decorations to
correspond.
The company began to arrive before ten o'clock.
Amongst the first arrivals were the Foreign Ambassadors
and Ministers and those connected with his Majesty's Go-
vernment. The ball-room and adjoining apartments were
crowded before eleven o'clock, at which hour precisely the
Royal party entered from the King's Closet. The two
bands struck up " God save the King ;" the principal offi-
cers of the King's household, bearing their wands of office,
proceeded through the suite of apartments to the Ball-
room, the company forming an avenue, and paying their de-
voirs as the Royal party proceeded to take their seats. Her
Royal Highness the Princess Victoria was supported on the
right by her Royal Highness the Princess Augusta, and on
the left by the Duchess of Kent. Nothing could surpass
the splendour and deep interest of the scene, as the Heiress
Presumptive to the British Throne advanced, to assume for
the first time the chair of State, and to preside over an as-
sembly, including the principal nobility, rank, and talent of
which this country can boast. The Princess took the centre
chair, the Princess Augusta, as representative of the Queen,
being seated to her right, and the Duchess of Kent on her
left. The young Princess appeared, as well as her illus-
trious parent, highly animated by the passing scene. Her
Royal Highness, rising from her chair, received the congra-
tulations of the Duke of Cumberland and other distin-
guished persons with the utmost grace ; and after an in-
terval of a few moments only the ball opened with a quad-
rille, the Princess herself being led off by Lord Fitzalan,
eldest son of the Earl of Surrey, and grandson of the Duke
of Norfolk. Her Royal Highness subsequently danced
with Prince Nicholas Esterhazy, son of the Austrian Am-
bassador. Weippert's full band of thirty-five musicians
performed in admirable style a variety of new quadrilles,
arranged from the opera of Malek Adel, and other favourite
compositions.

The costumes, it is almost needless to say, were of the
most superb description. Diamonds blazed on every side,
rivalling the eyes of the brilliant wearers. The majority of
the ladies wore plumes, and the coup d'ccil on the ball-room
at midnight was most imposing.

The Princess Victoria was attired in a blonde dress (of
British manufacture), over a rich white satin slip, orna-
mented from the waist with blossoms of camellia japonica,
the sleeves fastened by noeuds of light blue, interspersed
with brilliants. Her Royal Highness's head-dress was
plain, but extremely elegant. The hair was confined on
the forehead by a small bandeau of brilliants, surmounted
by a wreath of geranium blossoms and jessamines, highly
becoming.

The Princess Augusta wore a rich white satin dress, a
most superb suite of brilliants, the diadem magnificent,
and rich plumes.
The Duchess of Kent was also attired in a white satin
and blonde dress, of great elegance, the bodice ornamented
with valuable rubies of large magnitude, with diamond
head-dress.

Amongst other costumes admired for their extreme ele-
gance were those of the Duchess of Beaufort, Marchionesses
of Salisbury and Ailesbury, Lady Ann Beckett, Viscountess
Mahon, &c.

The Duke of Cumberland appeared in a splendid mili-
tary uniform ; the Duke of Wellington in that of Lord
Warden of the Cinque Ports.
At one o'clock a very sumptuous supper was laid out in
the banquetting room, consisting of every delicacy and
rarity that the season could afford. The display of gold and
silver plate, consisting of plateaux, assets montre, &c., was
costly and magnificent in the extreme.
Dancing continued without inteemission with the utmost
animation, and the whole of the distinguished company had
not left the Palace until a late hour this morning.

ILLUMINATIONS.
Yesterday being the day on which the Princess Victoria at-
tained her eighteenth year, a simultaneous feeling of loyalty
pervaded all classes of the community. The greater part of
the shops in the city, as well as a large number at the west-
end of the town, were closed in honour of the occasion, and
the tradesmen of the metropolis seemed to vie one with ano-

....----....--- The
ther in the number and brilliancy of their illuminaticros•
inmates of many of the workhouses in the parishes Vero ';
regaleddulged with a holiday and with old English fare, 01 hsis
beef and plum pudding. Ihe display of light was not co ~
ocrsion confined to one district of London, but extended to.le:
rem tiff ttburbs, end shone forth in every variety of dell'
The following are a few selections :
ST. JAMES'S-STREET.
inged
t
The Guards' Clubhouse—was very brilliantly illum
Isiah gas, displaying the emblematical arms or devices of tth
he
regiments of Foot Guards; viz., a hand-grenade in
act of ctplesion for the Ist, or Grenadiers; the star of t
Order of the' Garter for the 2d, or Coldstream; and the*
and thistle for 1.77,i Scotch Fusileers ; with the initials, "
Y' the
thati a stiperbly-raeßted star, with transparent centre ° rel
arms of England, the whole encircled in wreaths of JO
and oak.
Boodle's Club-House—a superb crown, tastefully variogate,l,
bi
31'4 jewelled,supported by a radiated star, with the royal

_ .
. .
t iafg. " P. V.," in pale amber-coloured lamps, encircle'. "os
thick foliage of fi uit-branches of green-coloured JamPs -
gold stems, bearing ruby and gold-coloured fruits.
Fenton's Hotel—a blazing star of the Order of the Gar°
on a ground of burnished silver. . ~ Eti,
Arthur's Club-house—splendidly illuminated with Pit ,
liraving a grand projecting Brunswick crown in the eel' ;
with the royal initials, " P. V.," supported on either side '
stars and wreaths of laurel and palm. V.,
The Tbmcbcd-house Tavern—the Royal initials, "P• 0
in lamps of a deep gold colour, with central Brunswick desk,
tastefully variegated, and wreathed in laurel, palms 551:1:1110
The Albion Club-house—a blazing star, radiated wit,"„ 1
initials,
a.m.
P.
V.," in
Royal initials., " P. V.," in gold-coloured lamps, suPP°llll35
crown.
palm, laurel, and oak.e.
Club
—er--an
St. James's Hotel--a brilliant gas star, richly radiated'
ST. JAMESS SQUARE. ectisg
The Oxford and Cambridg; Club-house—a Pir°) joist
edriallamcprso,wrnic,
hitl'yitheatchiercireolisiti,
Windsor crown, supported by a star, Oa: the Roya. la
"P. V." in gold coloured lamps. ;0. r, ore
The Wyndham Club-house—a central bi,":'n''. stab '-
,e i
porting. a crown, tastefully variegated and surrno'Ond j
Royal initials in gold coloured lamps. rolountr.
The Parthenon Club-house—a Brunswick star, st•l',D ell'
by the Royal initials, in pale amber-coloured 10 Ts'tirr
circled by laurel wreaths, with diamonds, lozenges'
peries, &e.

HANO rt inf
The Asiatic Club-house— VEgrand imperß-SQUAREiaI. crown, suij 14
the Royal initials, in gold-coloured lamps, surrounds
liittrel wreaths.

REGENT-STREET. r
Howell, James, and Co., drapers, jewellers, and Per'a
had their usual and surpassing display of gas Mauling( sp•
which attracted general admiration, and elicited bursts° 0
probation from the throngs of persons who for severell3lso,
crowded to witness it. In addition to a grand projeete front
penal Crown, suspended in the centre of the extensilpfico
of their premises, which occupies the site of three Nib'. jet',
there were the Royal initials of " P. V." in brilliant gedold
supported by a blazing and superbly-radiated star of et'
of the Garter, terminating over the porticoes of the °Tod
trances at either extremity of the building, with two Pe, es,
very tastefully designed Scotch stars ; the whole beipolo
circled with a deep and thick foliage of laurel et n'ther.
wreaths, curiously and intricately interlaced with eeeeiesitts
J. and J. Holmes, Nos. 171, 173, an 175, shawl of
(by special appointment)—two gas stars 01e very large .ectiog
lions, superbly and brilliantly radiated with tbe r°3006
centre, containing the royal initials, " P. V.'#
be
had a novel and imposing effect. , Bra
The Junior United Service Club-house—a splendia ;pito°
wick crown very richly and tastefully variegated, suPPla (0'
an extensive and entwined wreath of _laurel, palm, 81140
in green coloured lamps, on gold stems, with a radial
of great brilliancy at either extremity. reVa
P. Phillips, No. 190, lamp and glass manufant", ' 'of
transparency nine feet square, representing John Bull
the fiddle, while on a table before him is set out tbek
old English fare of roast beef, plum-pudding, and a„Astiol
ing tankard of porter. Above was suspended 111%1,
likeness of the Princess Victoria, encirculed with r-
loured lamps. te
Ackermann, No. 191, Repository of Arts—a Yelltrie
transparency of the triumph of Britannia, displaying a )e;
phal car drawn by six horses, in which was the figure eh
tannia, supported by Justice and Hope, bearing a wrest"; so
surmounted by cherubims holding the emblems of Peacefor
plenty and the arts and sciences; the royal standard o'
land floating over the whole, &c. &c.
OXFORD-STREET.
Dill, No. 366, baker—a magnificen! imperial crown,
0,
jewelled with ruby coloured lamps, having appendant le° At
and diamonds, supporting a splendid and brilliant gel Jar'
the royal initials, "P. V." in gold-coloured lamps, °-
rounded with laurel wreaths of green and gold.
BURLINGTON ARCADE.
lisle ill
The manifestation of good old English loyalty. A,--,00r;
place more strongly or cheeringly displayed than in noire'
lington Arcade, which was literally one scene of flags' g 111
wreaths, floral stars, and chaplets; at either end scen,,,,,
letters, in variegated lamps, " P. V.," with laurel wreeteso4
festoons. Throughout the day the arcade was crowdec4 fr
what with the floral and female beauty of the flohionablid'
flected in the immense plate glass with which theo,ectee#
covered, the promenade was perfectly Arabian. A"- 5
was most gratifying to every loyal subject.
PALL-MALL. pier
Harding and Co., lacemen, &c.—a gas star of large -1501 r
sions, with a transparency in the centre of the cross 01. ,00
land, surrounded by the motto of the garter, fioni sl2'
mal y pense," in small gas jets. itl;
The Carlton Club-house—the Royal initials, " P. V•t ete
ported by the rose, shamrock, and thistle, and surre°%so
by a grand imperial projecting crown ; the whole bavi
very brilliant effect. g°l4

The Reform Club-house—the name " Victoria" hi`
coloured lamps, reflected from a suitable ground. 97A,:er0
ported by rose wreaths of green-coloured lamps bearingeeije
The Traveller's Club-house—the outline of theiflills
front, dining-hall, entrance, windows, &c., were trace'
rows of deep gold-coloured lamps.
The Junior United Service Club-house—a grand -
crown, gorgeously jewelled with ruby-coloured larell'h re',
mounting the Royal initials, " P. V.," in deep gold, At t ste
diated stars of great brilliancy at either extrelittY;ahr
surrounded by fruit boughs of green and gold, vilui
coloured lamps. ? 110
Alliance Club—a crown and letter V., decorated bYIS-
-
of laurel and roses, in variegated lamps.
PALL-MALL EAST. pol°
The University Club-ohuse—a circlet of laurel arl"„ile
wreaths, containing the Royal initials, "P. V.," in
coloured lamps, and a grand imperial crown.
TRAFALGAR-SQUARE. jita
The Union Club-house—a very beautiful display cutiebli
illumination, consisting of the Royal initials, " P. Vtt"./psg',
variegated with ruby-coloured lamps, supporting a verf.th
nificent projecting crown, and surrounded by a thick vire"
laurel,
The A palm, and oak, in gol,d. side'
jecting Club house, Waterloo-place—a large side'
jecting crown, with the Royal inttials, " P. V.," on each
with a blazing central star in gas.
COVENTRY-STREET. lOW
Flight, Barr, and Barr, Worcester Itlnval Porcelain Got
—the letters " P. V." with a star of the .(,,'der of the
in the centre, the whole on a ground of emera:d green' al jai'
Halfhide and Son, No. 7, seal engravers—t;le R°Y
tials, " P. V.," in gas. 5 haft
Lambert and Rawlins, silversmiths—a splendid ga
with projecting centre.
Co.,
OiC/‘
Brameld and Co., Rockingha m china-works—a Pill" s
star in gas.

STRAND. v V,/o
Wyld, No. 444, geographer—the Royal initials. "
n amber-coloured lamps, supporting a variegated star. 4,,,
W. 13. Simpson, No. 456, house-painter and decorst"
grand and effective transparency of the Royal armrs•
Silvester and Co., seal and copper-plate engravers,
. I
perb gas star.
ha 11:„::11-
Ackermann—a transparency, being a portrait 0,
Highness the Princess Victoria, surrounded by iaieworictit
of roses, the shamrock, and thistle, and an 11,` fe sir
group of figures entwining a wreath of lilies; the 'la° sde,
mounted by the Royal standard under a spacious calonn
C'HANCERY-LANE. #rattsPs'
Snoxfell, window-blind maker to his Majesty---8 '' „boys
rency, representing Britannia drawn in a triumphal can to e
was a portrait of her Royal Highness, and, according
neral opinion, a good likeness. j
LUDGATE-HILL.
Jones, No. 5, glass-manufacturers to their 111ajestuie:giliss$11
her Royal Highness the Duchess of Kent—a SePerb cthe Or'
star, the dimensions of which were about eight
ter was composed of azure blue glass, with the rne:t;.°'cross,°
11,et ;„ Hoeif
sot qui mal y pense," in the centre of which was ture,igiveSZ:,
England, composed of splendid ruby cut-glass P 'ain t'
The whole had a most imposing effect, and surpasse
getting up any thing else in the metropolis.
led I
HATTON-GARDEN. LibL .-1-
Rowland's Macassar oil and kalydor warehouse ex" f gr.'
splendid display—their house was literally one blaze ° ite:Ps{
at the top appeared an immense crown in variegate,d_tter.s°
supported by branches of laurels, and under, in large ic

lamps, " England's Hope." the
CORNHILL. tis' is
• Myers, St. Peter's-alley, fishmonger to their Maics on A
Duchess of Kent, and Princess Victoria—a transpareilf, Co,'
large scale ; the Princess Victoria, with emblems, And
preserve the King and Queen." 0101'
BLOOMSBURY. t slo be
Grimstone, Eye Snuff Inventor, 39, Broad-Stree ! c Of t
bury.—A Brilliant Crown and Star over it, indicativ
rising star of Brunswick.

_ rod of
Book Societies and Literary Circles, f°l. 111)0?
neighbouring families, are re tl the increase in all foci'
of the kingdom, in consequge a yofotnhe cheap and regilir Or
lities which are now afforded them for obtaining reguo-op stye
plies of all Works, Magazines, &c., for Perus°l; :liars, II;
new system established at Bull's library. Full 1)01'c valueb".
eluding a list of several hundred modern, and al! the .nd 00
new publications, is published for general distribution,: apply
be had gratis, or sent (per post) lgsean single letter,f°ur doors
cation to Mr. Bull, librarian, ' fl II street, 0
19, o es-
asto.
from Cavendish-square.
n An American Paper gives a ton
ishing- discovery, viz. :—Tha "I o b t alSlnd
t electric' ug le
b '
y which steam will be su erseded, a revolution brought
propel
g acCOUnt lv:lipsOfi
in mechanics, and railroacrcats and double cylinders
by lightning !!

Rink PRICEN OF STOCKS THI s DAY A r ONE O'CLOCK.
n "tC Stock
7, P'''' r Cent. ~;;:,-17. •203N1.414 'lndia Stock .. 2GON
9,11,4 ti ,;litto 1.',0n4s
'Per Cent. Cons
'll LA slHti South Sea Sock —
Der t_..
nitt, - ent• ..... .... ............ G• 'Old Annuities
~,._.. '.1,e1l
per......... •
.... 977/s S New Ditto —
%;,,; 'hz Cent..
"14 ',. : 3 per Ccnt. AllnlitilOS, 1751... --
..... : 5 per Cent • ! Exch. Bills, £I,OM ...... 33 36 31 pm.
"., it' Lone Annuitiestoexpire :Ditto 500- ...:t3 "•Ii 31 pie.
Jan. 5, 1810 l4 9-16 : Ditto Small l3 26 34 ont
Oct. I,'. Isl,l ...... . 14y 7-16 Ditto Commercial _. pin
Jan, 5, 1319 . ......
' Di.
I-1 12-16 : Ditto Advertised — pm
an. 5,1.4 g ,
April 5 ItIo" ; 'tank Stock for Acc0unt.........
.ls ,
Onnitunl
n• 5. 1879 ......
India Stock for Account ... _
—lCoo.lols for Account ..- 9l/2t. 3.4
------ pm.

„ _--.-
v.I?ICES Ol° FOREIGN FUNtiS THIS DPkr AT ONE O'CLOCK.
„.,-",,mman Builds ..
—' Peruvian Bonds
tleigian Bonds
' rlit',) Account ...... ..... ~..... ~,,
Dr
.to Account t Portuguese Bonds ,
,nra .ilian Ron&
ritto Account . ' Ditto Account
471,4
11-.euns A yres Bonds „... .--( Ditto New Ttornis
'lltto
~. Acco,:nt•••'
Chilli” pOil 4,
il.
i Ditto, 3 per cent. e,4
' ...-
; Prussian Bonds. ......... ........ .
e)Ditto Ascot ... . i Russian Bonds, itg1...........
omhian P..nds - - .......
' Ditto Accoite,l —
Ditto A'•coin
v.i, • " ,
Intbi..n itund., :g.)l 24,, Spanish Bonds ..
„ WU'''. Account
...smi..h "
Z 2%
Bonds ...
'Ditto Account
.....d Ditto Accomkt
*heck Rotids .. ..,, _ French, 5 net. cent.......... —f --
Ditto Ditto Bonds; . Isto.i ..... ..-••••• _;—. 4 per rent —f. --c.
Account - 3 per cent. —f -..
Mexican Bonds, 5 per cen —l.
Ditto Account
Ditto, ti p‘sr Cent ......... -- Exchange
! Dut;.'h, N per cent....,...... ,
Ditto Account —
Ditto Ac, .."—.....
' Ditto, 5 per cent.
..5........_121,„.n,
'earin-
...°U'it
........
.....
....
Ditto Account ...... .......... .
PKICES OF SHARES THIS DAY AT ONE O'CLOCK
Ilirr Paid. Per ?hare
Th. 4righam and Derby Railway Company lO 3'4%
rat Western Railway Company 4fl 425 i
,titton (Rennie's)
toLondon cod Birmingham Railway Company B5 127 1
~ ndon and Greenwich Railway Company 2O 17 It
1-Dhrtnn and Southampton Railway Company 4O 17%
Irichester and Birmingham Railway 5 4
Mritish North American Bank
Nexican and South American 5 6
National Provincial Bank of England

•
3 per
Re Consols
OF IRISH STOCKS, DUBLIN, MAY .11.
Ditto Reduced 99 Grand Canal Debb. filler cent.
a/per Cont. Stock — Ditto, 4 per cent 5874
974, Hibernian Batik
~ itto New, 1830
108;4 City Debentures, 4 per cent... 4°Yal Canal Stock — Ballast Office ebentures, 4
rand C I Stock
..............._2l_____•,a • per cent —

MAILS.
Arrived.
Due Arrived. Due, Arrived. Due
0 America.......... 0 1 France 0 0 Mahon 0
0 Brazil.. . 0 1 quern. &Jereey 0 0 Malta
„ _ll ..... ....
o" ti enos Ayres.. 0 0 Hamburg.
Carthagena 0 0 Holland
1 nublin... ...... 0 0 Jarnaka 0 0 Sweden .. ti
.............._2___l Flanders 0 0 Lermardlslande 0, I Waterford 0

Morning.
HIGH W A TER AT LONDON triIDGE TO.MORRW.
.53 minutes after 6. Etrening......22 minutesO after 7,

nitATA.—ln referring to the Glasgow Election yesterday,
in an article on Sir Andrew Agncw's Sabbath legislation
mania, we inadvertently substituted Sir George Murray for
Sir George Clerk. It was Sir George Clerk who pre-
dicted the triumr'a of cant in Glasgow.

pulohcattor, of THE SUN NEWSPAPER commenced this day
at 15 minutes past Three o'Clock.

se,‘ ;it • • •
1.14t7 • _ ' 2.4.1
foC11114'11111114„"6( ..4‘
• L. 4 ' 71.7. \eft-

Bill." It is very unfortunate that this " utmost con-
fidence" for the first, and probably the only time, ex-
pressed by our Contemporary in any deterrninati
of his MAJESTY'S advisers, slmulr„l urn Obt to be so
grievously misplaced
happens' to be. We can
announce will': " utmost confidence," that so far
fro,n, ,
tL.iere being any foundation for the abOVe "
termination," Ministers are titig-ffiined to bring in the
Bill, and to rrmleea with it as far as the House of
Cetr.r.ibiis will follow them. They are satisfied, in
'eommon with the great majority of the nation) that
the measure which they have proposed i 3 On-tit-Ably
calculated to secure the best intertq't.,' Of the Church ;
while it removes an intoliaable grievance from all who
are without the pate of her communion ; and while
they
sbeid this persuasion, it would be an unjustifiablt
4ttthction of duty not to persevere,

A motion for etfeding the petitions of Claimants on
the French Indemnity Fund stands on the votes for
this evening, in the event of there being a House. We
insert in another column an article from a Morning
Contemporary, shortly detailing the origin and present
state of these claims, to which we beg to refer as con-
veying a clear statement of the whole case. We trust
that the CHANCKLLOR of the EXCHEQUER Will not,
for his own credit's sake, oppose Mr. MACKINNON'S
motion for a Select Committee, to investigate the
grievances complained of, which we regret to under-
stand, are but too well founded. A Select Coxmittee
would therefore shortly and finally settle tat long
pending affair.

'he Paris Papers of Tuesday have all been re-
ceived. They contain but little intelligence of any
interest. We extract from them the only advices re•
ceived from the North of Spain up to the departure of
Tuesday's mails for London :
The expeditionary army passed the river Arga on the 19th,
at Galissinzo, where a bridge had been thrown over by the
advanced guard. Irribarren marched out of Tafalla the same
day, taking the direction of Caparroso.
General Evans left Iron on the 22d, joining Espartero at
Hertiani. Three Christino battalions occupy Irun, Fontarabia,
and Oyarzun.
The objects of the Infante Don Sebastian in his expedition
to Arragon is not known. The Phare among other reflec-
tions says, " It is said that the object is to obtain provisions,
of which the insurgents are wholly destitute, or to divert the
attention of Irribarren) *ho was at Lerin with 3,000 infantry
and 900 horse. 'nits last supposition seems to us to be im-
probable, and we believe that General Irribarren will have an
opportunity in a few days of giving another proof of the acti-
vity which he has manifested since he succeeded General
Sasrsfield in tbe Viceroyalty of Navarre, and in the command
of the treepa of his corps.
Tiro insurgents have evacuated the Bastan ; some detach-
ments still defend the defiles of Lecumberri, but their resist-
ance cannot be long or serious. In a few days the whole
frontier line will be in the power of the Christinos. The in-
habitants tem to be very favourably disposed towards the
Queen's troops, and every body sees with satisfaction that the
French Ministry is acting in a manner more conformable to the
spirit of the treaty of the Quadruple Alliance.
The Biacayans in the army of the Pretender come in crowds
to the authorities of their respective districts and deliver up
their arms. Precautions will doubtless be taken to prevent
their enlisting again when the constitutional troops leave the
provinee.—Le Commerce.

The Constitutionnel has a long programme of the
preparations for the nuptial festivities at Fontainbleau.
1•To guests are to be invited but such as are distin-
tinguished for the " purity of their blood I" So much
for the republican sympathies of the Royal Family.
We have received the Phare of Bayonne of the
20th, with details of the capture of Irun and Fontara-
bia. Want of space compels us to postpone their pub.
lication till to-morrow.

FRENCH FUNDS —PARis, MY Q 3.

Five per Cents., 108 f. 30c. 35C, 311 f.
Four per Cent., 99f,
1 hree per Cents., 79F '3oc. 35c. 45c.
Bank Aft!Ohs, 2,435 f.
nente de Naples, Std. 70c. 75c. 70c.
Roman Five per Cents., 101%.
Spanish Actives, 26 25%02%.
Spanish Differes,
Spanish Passives, 6 5% it.
Belgian Loan, Five per Cents.. 101%.
Portuguese Loan, Three per Cents, 301.
EXCHANGR 05 LONDON.
One month, paper, 25c. 3.5 c.; money, 25r. 35c.
Three months, paper, —c. ; money, 05t. 16c
—Cow", Aulhentioue.
LAST PRICES
Five per Cents., 1031. 40c.
Three per (..Zrits. 79f. 411 e.
Ftf,ttk Actions, 2,435 f.
iftllte de Naples, 99f. 70c.
Roman Five per Cents., 101%.
Belgian Loan, 101%.
Brussels Bank, 1,430 f.
Portuguese Three per Cents., 30%.
panish Actives, 25%.
Spanish Passives 5%.
Nisnish Differes, 7%.
New Differes, 9%.

Advices from Athens to the 26th April have been
received. Before the departure of the mails for Lon-
don a partial change of Ministers took place, in con-
sequence, as was announced, of dispatches received
from the British Government. M. BOTASSIS retains
the portfeuille of Minister of Finance, but his late col-
leagues have been obliged to make way for M. Rizos,
who is named Councillor of State ; M. POLYZOIDES,
who is appointed to the department of Public Instruc-
tion ; and M. PAICOS—in heart a Russian—who is
charged with the Ministry of Justice. The War De-
partment was unoccupied a►t the date of these advices.
Generally speaking the accounts from Greece are un-
favourable. The people were discontented, and the
late Cabinet, in order to shift the blame from its own
shoulders, threw all the responsibility upon the KING.
We do not wonder at the prevalence of discontent
among the Greeks. They are treated as aliens in
the rand of their fathers—as Bavarian colonists
rather than as an independent people. The coun-
try is filled with Bavarians who monopolize all
places of honour and profit to the prejudice
of the most distinguished Greeks, who very na-
turally consider themselves insulted by the prefe-
rence given to his own countrymen by the KING.
This anomaly must be eradicated before the Govern-
ment of Greece can hope to acquire that stability
which is derived from the affections of the people, and
which constitutes the strongest cement of thrones, and
the firmest bulwark of new dynasties.

Brussels and German papers have been received
this morning. The former make known a singular
instance of representative scrupulosity in the person of
the burgomaster for Namur, who has declined to receive
his salary as deputy, for the last two months, because
he happened to be absent occasionally from his legis-
lative duties. What an example for Cabinet Minis-
ters, and particularly for the French Chamber of De-
puties ! The Belgian Chambers have passed a law
allowing the relations of foreigners dying in Belgium
the same right to the property of the deceased as the
country to which they may belong allows to Belgian
subjects under similar circumstances.

Advices from Rome of the 11th inst. announce the
holding of a Consistory in the course of this month.
Several members will be added to the College of Car-
dinals. His Highness the Landgrave Frederic of
HESSE CASSEL died on the 20th inst., in the 90th
year of his age. His Highness! brother CHARLES
died last year at the advanced age of 92.
fIELOIAN I UNDS—BaussaLs, MAY 23
Actual Debt, 2% per Cent.
Rothschild's Loan, 5 per Cent. lOO4
Loan of Thirty Millions 91%
Loan of City, 1832. 4 per Cent 9S%
Society of Commerce, 41,, per Cent 132
Bank of Belgium, 5 per Cent l4O
Brussels Papers, May 24.
DUTCH FUNDS— ANISTERVAII, MAY 22.
Actual Debt, 2% per r!bnt Money. Bills.
5:44 52%
Ditto, ditto 5 per cent.
A Irma Svnilic, 4% percent...... ............
Ditto, ditto, 3% per cent
Commercial Company, 4'4 per cent l7B 180
Ditto W:32 and 1833) 5 per cent.
Loan 1536, 4 per cent.
Ditto 1027. 6 per cent.
Exchange on London, One month : 1 14%
Two months

According to letters received from Constantinople to
the 4th inst., the SULTAN arrived safely at Varna.
Previous to his Highness's departure, Lord Po x-
SONBY had the honour of a private interview, :which
was calculated to afford his Excellency the greatest
gratification. According to the Smyrna Gazette, the
reception which his Lordship met with was altogether
unprecedented. The SULTAN received him with
marks of the greatest kindness, and admitted him dur-
ing the interview, which was unusually long, to some
degree of intimacy. His Highness parted with our
Ambassador with an appearance of regret, and it was
stated, on the same authority, that communications of
high political importance were made on the occasion.
A Russian fleet of five line-of-battle ships, three
frigates, and two brigs, with a large land force on
board, sailed from Odessa on the 21st of April. Their
destination was supposed to be the Circassian coast.

Mr. WAGHORN, whose ser____ vices _,_
as General Agent
in Egypt for effecting an intercourse by Steam between