The Sun.
London, England, 1865-04-18 00:00:00

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" London, 17th April, 1865."

general satisfaction, and the poorer as well as the more
well-to-do visitors were supplied with wholesome food
and drink at the lowest possible figure.

MADAME TUSSAUD'S.
But for this celebrated exhibition Baker-street would be a
terra incognita to the large majority of the denizens of
tile modern Babylon, and live only in the recollection of
our provincial cousins through legends of the glories of the
great cattle show in times gone past. But whilst Madame
Tassaud continues her exhibition, and it now appears to
have become a settled institution, Baker-street will now be
a shrine of popular pilgrimage, for where else can we see
the presentiments of so many that have been great and good
(to say nothing of that peculiar chamber wherein the
greatest villains' of the century are immortalised), in the
habits in which they moved and had their being? Hera
We have a right royal gallery from the time of the Conquest
to the present day ; whilst the dresses and accessories aro
always fresh and ever new, it being one of the secrets of
the proprietors of this exhibition that whatever they touch
ever fades.

THE OXFORD AND C ANTERRURY HALLS
shared with the theatres the public patronage of Easter
AbndaY• At the Oxford the operatic selections, conducted
by Mr. Jonghma,ns, were much applauded, and the other
branches of the entertainment met with the usual welcome.
"Hodge Podge," the optical illusion which has been pro-
visionally constructed to mean a " stage play," is still per-
formed at the Canterbury Hall, shorn of the characteristics
which marked it out for attack, but retaining all its
Picturesqueness and scenic beauty.

ALHAMBRA.
The varied attractions of this now very popular esta-
blishment. brought a large assemblage within the splendid
budding which has been so brilliantly redecorated. The
operatic, choregraphic, and gymnastic entertainments,
which follow each other in such rapid succession, ap-
peared to afford unqualified satisfaction to the throng, and
the combination of the creature comforts with the musical
and miscellaneous amusements seemed far from distasteful
to the
majority.

TIONEY MARKET

COMMERCIAL UNTELLIGENCE,

TWELVE O'CLOCK.
In the general discount market there is very little
activity, the inquiry for money being small, and the
supply very abundant. The rates for the best bills
continue at 3i 4 per cent.
Only £3,000 in gold was taken
.into the Bank
yesterday.
The directors of the Commercial Bank Corpora-
tion of India and the East have, in anticipation of
the meeting to be held on the 26th inst., declared
a dividend for the six months ended the 31st of
December at the rate of 10 per cent. per annum.
Subjoined are extracts from the report of the
directors of the Credit Foncier and Mobilier of
England, issued last evening :
"In handing to the shareholders a balance-sheet showing
the position of the company's affairs, the directors have to
opera-
tions, congratulate them.on the results of the half-year's
By the figures in the statement annexed it will be
seenthat the great exertions made during the past half-year
have not been without commensurate results, the balance of
profit and loss account showing a net sum available, after
paying all charges and expenses during the past half-year,
of £394,024 16s. 4d. It will be seen, however, that in this
large amount is included the sum of £40,000 received from
the old Credit Mobilier and Credit Foncier Companies
(beillg their reserve funds), and the sum of £160,296, the
amount of premiums received on the issue of the new shares
of this company, making together the sum of £200,996,1eav-
f0g, therefore, £123,728 16s. 4d. as the net sum earned by
this company during the six months just elapsed. While
Meeting the just expectations of the shareholders in the
amount of the dividend which the directors recommend
should be declaredat the ensuing meeting, they have promi-
nently borne in mind that there is no way so sure of main-
taining and augmenting the scale of profits as that of com-
manding public confidence, by the formation of a large re-
serve fund ; they therefore have decided to appropriate
£200,000 to that purpose. In fixing the dividend at is. per
share on the £5, and ss. per share on the £2 10s. paid,
equal to 20 per cent. per annum, the directors believe they
have placed it at such a rate as may fairly be counted upon
as a minimum dividend. They further have decided that in
every half-year, when the profits will admit of a larger dis-
tribution, such increase should be made in the shape of a
bonus, which, in the present instance, is fixed at the same
amount as the dividend, thus making a distribution equal to
20 per cent. per annum on tho amount of capital paid up.
To further show their groat desire to ensure the results of the
minimum dividend of 20 per cent. per annum being always
maintained, they have decided to form a fund, to be called the
dividend reserve fund, such fund to be always kept at the
amount necessary to pay one year's dividend of 20 per cent.
per annum on the capital for the time being paid up. This
Will require on the paid-up capital of £.500,000, viz., the
sum of £lOO,OOO, towards which the directors have, out of
the profits of the present half-year, carried the sum of
£70,000, and they propose to complete the fund out of
future earnings. The effect of this will be practically to
Make our shares a minimum 20 per cent. stock, and the
action of the fund will be as follows, viz.:—lf in any half-
Year after the sum necessary for one year's dividend on the
capital paid up is reached, the profits exceed 20 per cent.
Per annum,
be
Paidprovision at such a rate as the directors think _ it prudent to
raoemfc2oounionrat eonf
profit
'ab:intosthroeulacd,h
afrsoummasunyffieexietnratotordpinayarythecacliuysied,
dividend
win mil: cent. per annum, then the dividend reserve fund
wireslolu:ea'.B the deficiency, and thus increased stability
given to the company, alike from its ample reserved
the shayes' deen as from the knowledge beforehand by
hs of
Will therefore their minimum dividend. This fund
be used to insure the dividend, whilst the l
re-
ofi vr voe ess at fouor
.Itl.T
willhe be available for any extraordinary occasions
otherwise, Without interrupting the revenue of the
payment of the present dividend and bonus
(,c...ual together to 40 per cent. per annum) will absorb
t‘17983 10s. The directors further have decided to dis-
charge the whole of the amount of the preliminary expenses
incurred by this company, viz. :—£7,183 16s. 9d. ; they also
builtlk it well to Write off the item standing to the debit of
1111dMg, office furniture, and fittings account, £8,457
7748.. 3d., and there will still remain a sum of £34,600 10s.
to be carried forward to the next half-year's profits."
The following circular has been issued this
afternoon :

" London and Brazilian Bank (Limited),
" 2, Old Broad-street, E.G.
4, Sir,---The directors have much satisfaction in informing
their shareholders that they have, subject to their approval,
concluded a provisional arrangement with Messrs. Maua and
co., for an amalgamation of the large and important busi-
ness, including theprivilege of issue of bank notes at Monte
Video
River Plate, with the business hitherto carried on by this
bank.

"The amalgamation will be effected by moans of the in-
corporation of a new joint-stock bank, with limited liability,
having a nominal capital of £5,000,000 sterling, in 250,000
shares of £2O each, one half of which is to be paid up. Of
the 250,000 shares, 150,000, with £lO per share paid up, will
be allotted to Messrs. Maua and Co., in exchange for cash or
approved securities to that amount, and the remaining
100,000 shares will be placed at the disposal of this bank.
" Tho proposed amalgamation will take effect as from the
let January, 1866, after which date neither of the two banks
will carry on business on their ovrn account.
" The management of the new bank will be constituted
by the present board of directors of the London and Brazi-
lian Bank, joined by the Baron de Maua, the senior partner
in the firm of Messrs. Maua and Co.

_" The directors propose to call together their share-
holders at an early date for the purpose of considering the
mode of raising the amount of capital which will form the
contribution of this bank to the amalgamated undertaking.
" I am, sir, your obedient servant,
"JOHN BEATON, Secretary.

Two o'CLocK.

At Paris, this day, according to Mr. Reuter's
telegram,
the 3 per Cent. Rentes were 67 80.
Inanimate.

A further recovery of * per cent. has taken place
in the English Funds, but the business transacted
has not been large. Consols are 91* for money, and
91* 4for the account. The New Threes and Re-
duced are 89** ; Exchequer Bills, 4s. to 7s. prem. ;
India 5 per Cents. 106* 1074 ; ditto 4 per Cents.
99, and ditto 5 per Cents, 102*.
In the Foreign Market there was very little ani-
mation, but prices exhibit firmness. Turkish 6 per
Cents., 1862, are 724 4 ; ditto Consolides, 544 ;
Mexican, 27 4 ; ditto New, 26* e ; Greek, 201 214 ;
ditto Coupons, 8f 9; Spanish Passive, 311 32 ;
ditto Certificates, 16/ 17 ; Italian, 64/ 65 ; ditto
New, 3/ dis. ; and Confederate Loan, 21 23.
In the Railway Share Market there has been a
moderate amount of business transacted, and prices
have shown a slight upward movement. Metro-
politan have advanced £1 10s., Lancashire and
Yorkshire and North Western each 155., and
Brighton and North Eastern (Berwick), each 10s.
Great Eastern and Great Northern A Stock, how-
ever, have each receded ss.
The Foreign and Colonial lines are dull, and with-
out change of importance as regards values.
Bank and Miscellaneous Shares are in moderate
request; and in some instances are a shade firmer.