The Sun.
London, England, 1862-07-03 00:00:00

THE SUN, LONDON, THURSDAY EVENING, JULY 3, 1862.

RI3ITISH NPOSSESSIOS.

Closing
Share Railwavn. Pa? 1. Price. Business done
100 Atlantick St Lawrence all 53 60
stk I 1 Bom.,Baroda3s.Cent Ind 100 100 101 xd 101
! Gu. 5 per cent...
205 Buffalo and Laxe iluron all 43 531 44
204 Do. New - -
10 Do. Preference
I Buffalo,BrantaGodrich 100 80 85
100 6p. ...I. • Aug.l,
June 1, 16;4 100 77 80
~-
dbod.s
jury
1,
118%2
100
77
80
1100:: CDiuttatS.Eastn.(Lii, ) 100 101 103
at Cape Town &Dock Scrip 100 106 108 108 75
174 Demerara all - -
stock Eastn. Bengal gu. Sp. c 100 1024 1035 1021 x d
stock East Indian, gu. sp. c. 100 104_ 1044 1043 4
20 Do. do. G Ext all 3
stock Grand Trunk of Canada 100 20 2i.
1 205 3
100 Do. 6 per cent. Pref all 58 62
TOO Do. 2d Pref. 6 per ct all 47 50
100 Do. 6 per ct. Debentr all 28 32 31 30
100 Do. 7 per cent. 1862 _ all 37 40
100 Do. do. 1867 all 1 25 30
100 Do. do. 1872 all 1 25 30
stock Gt.lndiaPenin.gua.sp.c lOO ' 1014 1024 1021 3 x d
20 Do. New gua. sp. c l2 4 5 p
stock Gt. South.of India (Lim)
guaranteed 5 per cent. 100 ' 100 101 1003
204 Gt. W. of Canada Shares all 111 113 114
204 Do. New .. ..... . . . 18 94 t• 3
100 Do. 6 p.c. '73 with't opt.
t. all 97 100
100 Do. 54 p. c. do. '77 do all 83 b 2
100 Do. 1878
stock Madras guar., sp. c.
stock Do. 43 p. c. Extension 100 914 954
stock Do. 44 d0.. -
stock Melb.Corp. 6p. o. Buds lOO - -
20 Newßrunswick ‘t Canda
Ry.aLand(Lim.)g.6pc all 5 7
Class A Capital Share
.... Do. do. Land do.
20 Do. do. B Capital do all 4 f
.. Do. do. Land do.
N.Rl.C'da6 pc Ist pf bas, 100 85 88
stoca Seinde .......... , • „.„; i NOS 1024
1035 x d
20 Do. Punjaub ....
Fa q Lis no 1 5 IP
}
20 Do. Do. ~ ...... , all 204 203
stock Do. Indus. St. Flo. gra., 100 974 985
10 Trinidad (Lim.) Scrip 1 - -
FOREIGN RAILWAYS
20 Algerian
10 Antwerp 35 Rot, 3rdrm all 64 61
20 Ardennes .... ....... - -P
20 Bah.aS.Fran..Lim.7 p.c 165 15 14
5 Belgian East. Junction all 1 15
Carmeaux Mine a Rail 30 105 114
100 Copiapo ...... • • all - -
10 Ditto Extension
20 Dutch Rhenish ... • l6 1 1 1 p
20 Eastern of France
20 Grand Rus 'ivar. 6p. c al - -
20 Gt. Luxem., Con. shs all 133 133 133
20 Italian Junction - -
20 Lyons & Geneva - -
20 Namur & Liege
20 Do. 6p. c. Pref all 195 205
16 'Northern of France all 414 424
16 Do. New Shares _.... 15 - -
10 Norwegian Trunk Pref all 8 10
20 Ot'mn(Smyrna to Aidn) 15 8 7
20 Yaris,Lyons, & Mediter. all 424 434
,-:-
20 Paris & Orleans.. _ -
20 c Recife & S. Fran. (Perm.)
( Ana. 7_p. et. I'm...—. an 15 16 0
20 Riga & Dunaburg...... all - -
20 Royal Dani5h.......... all 15 16
5 Royal Swedish ........, all - - I
4 Do. 7 per cent. Pref.... all - - 13
20 Sambre & Meuse . .... all 91 104 103
10 Do. 54 per cent. Pref.__ all 95 105 x d
20 San Paulo, lim, g. 7 p.c. 8 I 3pm
20 S.Aust.&Lomb Venetin 18 4 45 p
20 S. East Portugal 7 p ct.' 7 - -
20 Southern of France.... all 33 34
83 West Fiandera .. , ..... all 75 71
10 Do. 55 pc. Preference.. all 10 104
20 W. & N.W. of France .. all 21 22
PREFERENCE SHARES AND STOCKS
Dividends contingent on the Profits of each separate Year.
st ''`Caledon. £lO Gua. Stk 100 103 105
20 ICornwall4s p.c. ga.perp all - -
st l*E.Anglian, Clsl3, 0 p.c. 100 120 123
st 1* Do. ClsC, 7 p.c. 100 130 133
st Edin,Prth,&D'dee,4p.c. 100 81 83
st 'Lond'n, Brig'tn, &c., 45
per cent. 1858 100 103 105
st Do. do. 4 per ct 1860 100 ' 92 95
Ist Do. do. 45 per et. 1861 100 103 101
5 iDo. do. 0 per ct. 1861 35 - -
10 Lon. & Chat'sn, Metrop.,
1 Ext. B, 6 p.c.... ....! all 105 103
at ILon. &S.Western tp.c.' 100 103 105
10 North British £lO 'ua. ail - -
Shares, 1861... 1
st *ScottishCentral4s p.c.) 100 - -
irred. prel
10 S.-Eastern 45 p.c. 1859 ! all 104 103
10 Do. 5 p.c. June 1861 (rd ) 5 pr 4pm
10 Do. 5 p.c. Aug. 1861 (rd ) 35 pr spm
(
* Failure of full dividends in any given half-year not to be
made good out of the profits of any subsequent half year.

* Fa
made

LAW-THIS DAY.

LORD MAYOR'S COURT.
(Before the Recorder and a Common Jury).
ALLEGED ILL-TREATMENT OF BRITISH SEAMEN IN

PEBPETUAL INVESTMENT, LAND, AND

BUILDING SOCIETY.

The eleventh annual meeting of the members of
this society was held yesterday evening at the Lo-
ndon Coffeehouse,—Mr. John Gover iu the chair.
The following is the report of the directors, which
was read by the Secretary (Mr. Tresidder)

"The directors, at the termination of this the eleventh
year of the society's existence, have much satisfaction in
reporting to the shareholders that the business has yielded
a much larger profit during the pest than in any previous
year, and they have been much gratified by the satisfactory
testimony which is continued to be borno both by investors
and borrowers to the principles of the society. The total
receipts of the year amount to £107,892 13s. Bd., which
sum, added to the cash received during the first
ten years, make an aggregate of £1,022,905 9s. 4d.
1,220 new shares have been issued during the year, making
a total of 23,313 issued since May, 1851. The sum of
£27,791 16s. 7d. has been received upon investment shares,
of which amount £14,240 were for realised or paid-up
shares. The sum of £30,647 15s. 2d., with interest, has
been repaid to shareholders, including the payment off of
such subscription shares as reached their completion during
the year, the owners of which received in addition to
interest the accumulations of profit appropriated to them.
The uncompleted subscription shares have had placed to
their credit the proportion of interest due thereon, as pro-
vided for in the society's tables. The holders of realised
shares have either been paid interest at the rate of 4} per
cent., or an equivalent amount has been placed to
their credit and interest allowed thereon. The
total amount now under investment with the society
upon shares is £120,565 12s. sd. principal, and
£14,494 9a. Bd. for accumulations of interest and profits.
Conformably to the society's rule, the directors have caused
the usual valuation to be made of the affairs of the society,
the results of which will be found in the general balance
sheet. The directors have from the profits of the year's
business added £290 to the reserve fund, so increasing it to
£1,071 12s. 3d., and which amount is invested in Consols.
The directors have apportioned amongst the holders of sub-
scription shares the sum of £2,054 14s. 7d., being equivalent
to a bonus of five per cent, upon shares on which twelve
months subscriptions or more have been paid. This bonus
has been carried to the credit of the respective accounts,
which for the past year will be equal to raising the in-
terest on subscription shares of 12f years to 91 per cent.
and on subscription shares of 71 and 10 years to 9 per
cent. The sum of £15,041 12s. 6d. has been placed on
deposit with the society, interest being paid thereon
half-yearly, after the rate of 4 per cent. per anuum, and
the sum of £16,583 Os. 2d. has been withdrawn, leav-
ing a balance on this account of £26,819 17s. Ild.
The sum of £29,458 Ils. 9d. has been advanced during the
year upon the mortgage of freehold, copyhold, and lease-
hold properties; and the sum of £2,904 10s. has been lent
to shareholders upon the security of their shares, making
the advances olthe year £32,363 Is. 9d. The total sum
advanced during the eleven years is £373,995 ss. 6d. The
balance now due upon mortgages is £146,987 17s. 9d.,
whilst the interest received on advances during the year
amounted to £10,851 12s. 2d. The deeds and other secu-
rities have been examined by the auditors, and reported
upon by them in their certifioate appended to the balance-
sheet. The gradual but steady increase of the divisible
profits proves how remunerative an investment the sub-
scription shares of the society are the holders of them, all
of whom will, from the details of this report, doubtless feel
an augmented interest in tha continued prosperity of the
institution."

The CHAIRMAN, in moving that the foregoing report be
adopted, drew attention to the fact that there were no
fewer than 4,000 building societies registered in the United
Kingdom, and it was gratifying to find that their own
society stood at the head of the list. It had now issued
23,313 shares, it had a host of members subscribing from
2s. to £lO per month, amounting in all to £lOO,OOO per
annum. Its members included men of all professions and
callings, all banded together in a common brotherhood for
their mutual advantage. Since its formation it had dealt
with £1,000,000, and to show the extent of its financial
operations, he might mention that in a single year it drew
upon its banker 2,500 cheques. Its business requires for
its management 16 ledgers, and 35 other books of account,
and was transacted by a secretary and a staff of nine clerks.
Its mortgage deeds, 1,246 in number, occupied an immense
space in the strong room. Two gentlemen weekly audited
its accounts, which were every month again audited, and a
third time subjected to that process at the end of each year.
If they tobk a map of London and for ten miles round
St. Paul's, and dotted the properties on which they bad
advanced money, tltiy. would be surprised to see with
what an immense portion of that area they had dealt.
Inter alia, they had mortgages on chapels, music-
halls, market-places, and town-halls. To avoid litigation
the deed of settlement provided that all their disputes
should be referred to arbitrators, but so harmoniously had
their business proceeded that they had never once had oc-
casion to refer a single dispute to them. He attributed the
success of the society to the great efforts which had been
made to plant it upon a broad basis, the care which had
been taken in watching the signs of the times so as to
adapt it to the wants of the public, its dealing justly both
by borrowers and investors, and the constant and unre-
mitting exertions of the directors and their invaluable
secretary. Looking to the dividends and bonuses they had
paid, and the statements in the report with respect to the
value of the 121 years subscription shares, it was enough
to make a man proud of having been a promoter of such a
society. But if they had had great successes they should
remember that they had also great responsibilities, and a
blunder on their part might send the society down in public
estimation. It therefore became them one and all to
exercise the same watchfulness and care which had raised
the society to its present position, for there must be no
going back. They should keep the proud position in which
they at present stood, and hand it down to their successors
unimpaired.

The motion, having been seconded, was unani-
mously adopted.

The retiring directors and auditors were then re-
elected, and the thanks of the meeting voted to the
directors, the secretary, and other officers, and the
proceedings terminated in the usual manner.

MARKETS-THIS DAY.

MARK LANE.

IMTERIAL WEEKLY AVERAGES. Wheat, 54s 4d;
barley, 32s 9d ; oats, 22s Ild ; rye, 36s 8d ; beans, 40s Od ;
and peas, 39s 2d.
THE SIX WEEKS' AVERAGES. Wheat, 54s lld ;
barley, 34s ld ; oats, 23s 6d ; rye, 39s 2d ; beans, 40s 3d ;
peas, 398 2d.
ENGLISH GRAIN SOLD LAST WEEK.—Wheat, 56,223 ;
barley, 918 ; oats, 5,298 ; rye, 18 ; beans, 2,351 ; peas,
180 quarters.