The Sun.
London, England, 1863-10-31 00:00:00

Thomas elf BIRECTORS.
Iton, Esq ;Holderness and Chilton), Chairman of
the Shipowners' Association, Liverpool,
Robert Dirom, Esq. (Dirom, Davidson, and Co.), Director of
the National Bank of Liverpool.
Willi am James Fernie, Esq. (Ferule Brothers and Co.), Direc-
tor of the British and American Exchai4;e Banking Cor-
poration, Liverpool.
Thomas Bernard Gunsten, Esq. (Gunston, Wilson, and Co.),
Liverpool.
Edward Lawrence, Esq. (Edward Lawrence and Co.), Direc-
tor of the British and Foreign 3larine Insurance Company,
Liverpool.
Harvey Lewis, Esq M P Director of the National Bank,
L•rndon.
Joseph Neale Maenna, Esq., Director of the National Bank,
London.
Robert Maxwell, Esq. (A., F., and R. Maxwell), Director of
the North British and Mercantile Insurance Company,
Liverpool.
Andrew Malcolnron, Esq. (J. and D. Malcolmson and Co.),
Liverpool.
Thomas Wilkinson Tetley, Esq. (Hollinshead, Tetley, and
Co.), Liverpool.
Major Usborne, Esq. (Usborne and Sons), Director of the
rational Bank, London.
Henry Threltall Wilson, Esq. (11. T. Wilson, and Chambers),
Deputy Chairman of the British and Foreign Marine In-
surance Company, Liverpool.
BANKERS.
London The National Bank, Old Broad street.

Ireland The Branches of the National Bank.

Manchester.... The Bank of England.
Liverpool ....The National Bank of Liverpool.

ROSE P. 14,., _ -
"London — " J.ard J. Whitehead, 8, Woorgate-street.
Manchester.. -:thomas Warner, Esq., 9, Stamp-oflice..Build-

ings, Cross-street.
Liverpool Thomas Tinley and Sons, 44, Brown's-
buiioings.
Dublin Edward Fox, Esq., 51, Dame-street.

SOLICITORS.
London Flurt sad Argles, 9, Mincing-lane.
Liverpool Fletcher and Hull, 6, Cook-street.

SUPERINTENDING ENGINEER AND NAVAL ARCHITECT.

John Jordan, Esq., lute Chief Surveyor to the
Underwriters' Registry of Iron Ships.
SECRETARY.
Joseph Treffry, Esq.
TEMPORARY OFFICES.
London 21, Throgmorton-street.

Liverpool ....Commercial-buildings, Water-street
Nothing has been more remarkable, in connection with the
progress of Lancashire, than the rapid extension of the
Steam Trade of LiverpooL In the year 1852 the tonnage of
foreign steamers entered inwards at the Custom-house was
158,7i5 tons, while 18t2 it was 595,339, which, in the year
ending June, 18i3, increased to 756,120 tons.
In the earlier days of steam, and before the recent improve-
ments for the economy of fuel had been introduced, steamers
could be employed with advantage only for the carrying of
mails -nd passengers, but latterly, owing to the improve-
ments In marine engines, economy of fuel and space has been
effected, thereby greatly reducing the working expenses, and
screw steamers have not only ben employed in all the near
trades for the conveyance of goods, with large p,ofit to their
owners, but, owing to the advantages which they afford to
shippers, they have, in these trades, almost entirely displaced
salting vessels.

For someyears the carrying trade out of Liverpool has been
gradually undergoing^ a change. In the Amer.can trade screw
steamer, have taken the place of the once celebrated New
York liners, but as yet only as carriers of the highest class of
fine goons and passengers. Other descriptions of goods and
a large number of intermediate and steerage passengers be ng
still conveyed by sailing vessels.
In the important branches of the American import trade,
viz., those of grain, flour, and provisions, the loss annually
sustained by heating during the protr eted voyages fre-
quently made by sailing vessels is so great, that the interest
of all engaged in these rades will be enlisted in favour of
any scheme for the extension of steam shipping to include
such freight, and there c.n be no doubt but that the whole of
the enormous trade in these articles, which in Liverpool
alone amounts annually to 750,00 tons, will fail entirely into
the hands of steam comnanies.
The first object of this' Company is to place on the New
York station a fleet of screw steamers from Liverpool and
London, of large size and great capacity, which wilt be able
to carry almost, if not quite, as cheap as sailing vessels,
whilst at the same time, from the regularity of their passages,
they will command a full share of the steam trade, and the
Directors also intend sending steamers to the American
Cotton Ports when the war is brought to an end and the
trade re-opened, and have also under their consideration the
wants of the Brazil and other trades.
In organising this Company the Directors believe that it
will not enter into undue competition with the existing- lines.
The Cunard Line is a subsidised company, carrying the
mails and passengers with fast and expensive steamers.
The Inman Line has no subsidy', but nevertheless has been
most successful, and it now employs eleven vessels, having
commenced its operations with two steamers, the City of
Glasgow and City of Manchester. The steamships of the
Inman Line are, however, of greater proportionate horse-
power than those projected by this Company, which will be
sailed at much le-s cost, and will be constructed to consume
a comparatively small amount of coal; at the same time of
such capacity that, in addition to a large cargo of merchan-
dise and passengers, they will be able to carry sufficient fuel
for their voyages both out and home, and so avoid the ex-
pense and delay incurred by coaling abroad.
In order that the objects of this Company may not be even
partially antic hated, and that the stations may at once be
occupied, provh.ional arrangements have peen made cOy
three new steamers, of the description indicated, and in all
respects suitable for the service, have been secured. and con-
tr seta have been entered into for the bu ldinq of others of about
3,500 tons earn, and it is proposea to c.immence with a fort-
nightly service each way, to be increased to weekly sailino.s
as soon as the vessels can be got ready. The ports of depar-
ture shall be Liverpool for the weekly line, and London to
the extent the metropolitan trade may require.
The ships will be bailt unaer the inspection of Mr. John
Jordan—late Chief Surveyor to the Underwriter's Regis,ry
of Iron Ships,—whose services as Inspecting En ineer and
Naval Architect the Directors have secured to th s Company.
The success which has attended the formation of well-
managed steam companies has been very marked. hat of
Cunard and unman Company is well known. ihe Pacific
Steam Navigatien Company, whose shares,L3o paid, are sell-
ing at £7S per share, has out oi profits given to its share-
holders new paid-up shares exceeding the amount of the ori-
ginal capital, and pays a regular dividend of 10 per cent. on
the increased issue, carrying over at each annual meeting an
almost equal sum, while many private steamship owners,
with similar descriptions of vessels, but much smeller than
those this Cc mpa..y intend to possess, have reaped like
results. . .

The Directors have, therefore, every reason to anticipate a
very great success to the undertaking. They are not en-
tering upon an experiment, but arc providing for this Com-
pany a similar description of vessel, but of larger size, ,han
those which have proved so remunerative to severa well-
known private firms engaged in the Mediterranean and other
trades, and have thus the advantage of tae experience so
acquired, which proves that what is needed, under efficient
management, t r ensure profitable result,,, are large ships,
with moderate but sufficient ho: se-power and great carrying
caoacrty.
The introduction of the limited liability principle has en-
abled undertakings or great magnitude like the present to be
carried out by joint-stock companies, which miy embrace the
co-operation of shippers an, of others interested, instead of
by private capital.sts as heretofore; the result being that
the supporters of this line will become interested in its suc-
cess, and participate in the profits which they assist to earn.
Applications for shares may be addressed in the annexed
form to the Directors, and copies of the prospectus may be
obtained at the Temporary Others of the Company, or at the
offices of the Brokers and Solicitors, but no application will
be conßidered unless a deposit of £1 per share on the number
of shares applied fbr has been paid.

FORM OF APPLICATION FOR SHARES.
To be retained by the Bankers.
_ .

To the Directors of the National Steam N avigation Company
(Limited`.
Gentlemen,—Having paid to your Bankers the sum of
£ , being a deposit of £1 per share on shares in
the above Company, I hereby request that you will allot me
that number, and I agree to become a member of the Com-
pany in respect of such shares, or in respect of any less num-
ber you may allot me ; and to execute the Ankles of Associa-
tion when required ; and I request that my name may be
placed on the Register 01 Members for the shares so allotted.
Name in full
Residence
Profession or Business
Date

T" QUEEN INSURANCE COMPANY.
156, Leadenhall-street, London, E.C.
Queen Insurance-buildings, LiverpooL
Capital ONE MILLION STERLING.
At the Annual Meeting of the Proprietors, held at Liver-
pool, on the 21st October, 1863, BERNARD HALL, Esq..
Chairman of the Company, in the Chair, the Directors'
Report for the year stated—
That the Fire Premiums for the year amounted to £70,300
being an increase over the precedin, year of 22,880
That the Life Yreinium Receipts for the first three
years were
and for the past three years
being an increase in the latter triennial period
over the former of
That the amount accumulated since last Meeting, as
a Fire Reserve Fund, wa5..... 23,427
and the amount added to Life Fund was 13,743
That during the past five years the Company had paid
fbr Claims
106,515
fhe Actuary reported that the Life Liabilities had been
valued on the soundest principles, viz., Net Premiums at 3
per cent. interest, and that the Bonus to participating Policy-
holders averaged as much as 46 per cent. per annum of the
Premiums paid, while in some instances it was as high as 65,
70, and even 73 per cent.
A dividend was declared to proprietors at the rate of 8 per
cent. per annum.
J. MONCRIEFF WILSON, Manager and Actuary.
JOHN E. LEYLAND, Secretary.

A GREAT DRAWING OF PRIZES
WILL TAKE PLACE AT

ST. JOSEPH'S RETREAT, HIGHGATE, LONDON, N.,
On THURSDAY, the 26th of NOVEMBER, 1863, to aid in
liquidating the Debt still remaining on the New Church and
Organ ; and to assist in establishing the English Mission of
St. Nicholas in Paris, now under the charge of the Passionist
Fathers.
The prizes of the first catalogue consist principally of
objects of art and other precious articles, presented by His
Holiness, several Cardinals, Princes, and other persons of
distinction in Rome.
TICKETS ONE SHILLING EACH.
The amount realised will be disposed of as follows :—That
arising from the sale of tickets in England will be applied to
St. Joseph's, and that from the sale of tickets in France to
St. Nicholas', in Paris.
THE DRAWING OF PRIZES WILL BE ON THE
PRINCIPLE OF THE ART UNION.
Any one purchasing or aiding in selling 25 tickets will be
entitled to a large Engravin,g, either of the Ueath of St.
Joseph, or of Blessed l'aul of the Cros4, which will be
forwarded by post upon receipt of 4 postage stamps.
Catalogues as well as tickets may be had on application at
St. Joseph's Retreat, Highgate, and at 39, Rue de Berri, Parts.

CELEBRATION of the TERCENTENARY of
k) the BIRTH of SHAKSPEARE, at Stratford-upon-
Avon. The Tercentenary Committee (of which Sir Robert
N. C. Hamilton, Bart, K.C.8., is Chairman) are now receiv-
ing SUBSCRIPTIONS, and they may also be paid to the
account of the Tercentenary Committee, at the Stourbridge
and Kidderminster or Warwick and Leamington Banks,
Stratford-upon-Avon; Messrs. Greenway,, Smith, and
Greenway, Warwick; or their London agents, Messrs.
Smith, Payne. and Co , Messrs. Hanburys and Co., or Messrs.
Glyn and Co., bankers, London.
The Tercentenary Committee, insubmitting the subscrip-
tion list to the nation, most earnestly appeal to the admirers
of Shakspeare for their aid and assistance. The Committee
r, at their claims upon the ground that Stratford is not only
the birthplace of shakspeare, but the centre of attraction to
all ao.mirers of the great Poet's works, and that it was his
"le, the tpwn he loved, and where he lived and died.