The Sun.
London, England, 1865-11-28 00:00:00

The Reserve Fund now amounts to .£12,000-IFO
The total sale of land to Michaelmas, 1865,
is ••• ••• ••• ....£415,550 16 4
The total withdrawals since the formation
of the society (Sept. 7, 1852) to Michael-
mas, 1865, are £256,906 14 4
The returns of the register of rights are as follows:
Completed. Drawn. Seniority. Total.
5,743 8,305 1,758 10,806
Deduct rights exercised, ite.,on estates 8,154

Unexercised rights 2,652
The last share number on the register of seniority (date
of membership) is No. 14,813.
The last share issued up to Michaelmas, 1865, is No.
22,925.

The returns for the first quarter, ending December 24th,
will be given at the usual quarterly meeting after Lady
day. The shareholders will find on reference to the bal-
ance sheet (a copy of which was duly forwarded to every
investor), that the cash received for subscriptions on shares
and on deposit investments for the past ytar, amounted to
£40,027105. 3d., and that the cash received for payments
on account of land and building advances wa5.£31,332 7s. 9d.
The items under the head of "Income," with a single ex-
ception, show a marked increase over last year's returns,
particularly in the interest on advances to allottees, show-
ing the great increase in the sale of land. The permanent
income has thus been materially added to, by the
increasing disposition of the buyers of land to avail
themselves of the borrowing power afforded by the society.
The investments in the society on the share account are
£132,579 155., and on deposit account, £26,588, 16s. 3d.
The withdrawals on shares were £14,624 9s. 10d., and on
deposits £10,795 2s. 11d. 'A very large increase has taken
place in the sale of land, both on the old estates and new
properties allotted this year, and the committee have there-
fore been enabled to bring up the reserve fund to £12,000,
and as, after providing for the interest of five per cent. per
annum on shares, and four per cent. per annum on deposits,
the accounts show an available balance, the executive com-
mittee are enabled to add to the accounts of members hold-
ing uncompleted invested shares, in respect of which no
interest has been paid a bonus, or, in other words, interest
at the rate of six per cent. per annum. On those shares on
which interest warrants have been issued, an additional one
per cent. per annum will be included in the half-yearly
interest warrants payable on the Ist of May next. Thus
every payment on shares on the register at the annual
meeting, not being in arrcar, will realise six per cent. per
annum for the year ending the 30th of September, 1865.
As regards the interest on completed shares and shares in
progress, paid a year in advance and upwards (for which
the half-yearly warrants up to Lady Day and Michaelmas
are issued on the Ist of May and the Ist of November re-
spectively), the rate will remain at five per cent. per annum,
and at four per cent. on deposits, under Rule 45. Tho Earl
of P,ective, M.P., having resigned his place at the board,
the committee elected; under Rule 32, James Goodson,
Esq., M.P., chairman of the Great Eastern Railway Com-
pany, as duly reported to the quarterly meeting in April
last. The following members of the executive committee
retire by rotation, viz.:—H. W. Currie, Esq., James Good-
son, Esq., M.P., C. E. Newcomen, Esq., Henry Pownall,
Esq., and the Honourable and Rev. W. Talbot ;
and being eligible, offer themselves for re-election.
The ordinary quarterly meetings were duly held at the
Norfolk-street offices on April 4, July 4, and Oct. 10. The
new estates allotted this year were—The Southgate Road
estate, Wood Green, No. 2, and the Felixstowe estate, East
Suffolk, 2d portion, Jan. 11; the Sunnyside estate, San-
down, Isle of Wight, the Roehampton Park estate, 4th
portion, and the Seven Sisters' estate, Tottenham (re-
allotment), April 6; the Deal estate (Government Nays
Yard), lst portion, June 7; the Woodhouse estate, Wan-
stead, 3d portion, July 19 ; and the Putney estate, No. 4
(close to the station), Oct. 27. All the plots on the Felix-
stowe, Sandown, and Wanstead estates have been sold.
On the Seven Sisters' property there are but three plots
undisposed of, and good sales have been effected on the
Wood Green, Rochampton, and Putney properties, which
require only the completion of the works to ensure a de-
mand for the few remaining sites. Owing to the delay in
carrying out arrangements with the Town Commissioners
of Deal for the drainage, it is only within the last few days
the contractor has been enabled to progress with the works,
and the roads will now shortly bo commenced. A depu-
tation of the Board, namely, Viscount Ranelagh, Colonel
Brownlow Knox, M.P., and Colonel Meyrick, attended a
public meeting on the 7th of June at the Town Hall, Deal,
at which the mayor and the leading inhabitants were pre-
sent. From the general opinion expressed, and the reso-
lutions passed, the committee anticipate that when the
estate is laid out and the works are finished, that, with
the fine openings to the sea, the extension of the Esplanade
to the main streets of the town, combined with the proxi-
mity of the property to the New Pier, Deal will become one
of the most frequented bathing-places on the coast. There
are other schemes for tho development of building at Deal,
such as the proposed docks, the railroad between Dover
and Deal, and the new short line for direct railway com-
munication between Deal and London. Increased hotel
and house accommodation close to the sea can nvoibube .
ob-
tained by the conversion of the Navy-yard
pirnto
aprofitt a
ctahreriilLeededtgos
Estateproperty.
have veTbheee
been
clßeaconclosed
Hillthis Estate,year,
a nNde Itvhaerk, d
the balance-sheet. Tho whole of the plots on the Plough
Lane Estate, Battersea, No. 2, have also boon disposed of.
The new properties acquired by the society since the last
annual report are : —St. A uop p
s tel
01
s(linee arjr
itvheerps
ot aotli; nCheshire
-
wall (East); New Ferry
(North); Putney, No. 4 (close to the station), Surrey
I (East); Stafford (near the station), Staffordshire (South) •
Hereford (near the Worcester station), Herefordshire:
The allotment of the St. Austell and New Ferry estates
will be commenced on the 30th inst. The first-mentioned
property is in a thriving town adjoining the port of
Charleston, St. Austell Bay. The New Ferry land is situ-
ated at Bebington, close to the Mersey, and has a frontage
to the Chester Hill-road :it is within a few minutes walk
of the ferry just opened opposite Liverpool, and the Beding-
ton station on the Birkenhead and Chester Railway. The
sale of the Putney estate began on the 27th of October.
The Richmond-road frontage has been sold, and the now
communication to Wandsworth-lane, which will be shortly
opened, will speedily develope the remainder of the land.
The Stafford and Hereford estates, both essentially build-
ing properties, will be offered for sale early in the next
year. The committee hare much pleasure in reporting
that the consecration, by the Lord Bishop of Oxford, all
Saints' Church, erected on tho freehold site given by the
society on the Downshire-square estate, Reading, took
place on the 31st October. A site was set apart on the
Brockley-hill-park estate, Forest-hill, for the erection of
a church ; but difficulties arose in the transfer of the
intended ground to another portion of the estate. A piece
of land opposite the society's property having boon
assigned by the Earl of Dartmouth, the foundation-stone
of the church was laid on the 30th of October, and
the Brockley-hill inhabitants will thus obtain the I
church accommodation so much required. The committee
cannot but acknowledge the kind spirit evinced by the in-
cumbent of Forest-hill (the Rev. J. M. Clarke) in the ne-
gociations for the site. The society has supported, as
usual, the claims of the allottees on its estates in various
counties, in the registration courts, free of expense. Tho
executive committee can refer with gratification to the
returns of the last general election, which show that 95
per cent. of the allottees on the society's estates voted for
the Conservative candidates, thus proving the political ad-
vantage of the society in the extension of the franchise on
the basis of property and intelligence. The Conservative
Land Society has commenced its fourteenth year with
every indication of continuous success, having acquired
sixty estates in twenty-six counties; sold 1....nd to the ex-
tent of nearly .E 116,000 ; and issued 22,925 shares, repre-
senting £1,146,250, and the executive committee feel that
they can claim the continuance of that confidence which