The Sun.
London, England, 1854-04-24 00:00:00

reward who may have been called in to assistt, juries, as
associates or experts, but only for the particular class in
which they have acted.
Art LXXIII. Each jury can according to circumstances
subdivide itself into committees, but they cannot make
any award without a majority of the entire jury.
Art. LXXIV. Special commissioners, assisted by in-
spectors of sections, will be charged to prepare the work
for the juries, to take care that the goods of no exhibitor
escape theirlexamination ; to receive the observations and
complaints of exhibitors ; to repair any omissions, errors,
or confusions that may occur ; to see that the established
rules are observed, to explain these rules to the juries
whenever necessary.
Art. LXXV. These commissioners will not interfere
with the deliberations of the juries further than 10 prove
facts, remind them of rules, and present the complaints of
exhibitors.
Art. LXXVI. The nature of the rewards to be distri-
buted, and the general principles that will be adopted as
the basis of such rewards, will be determined at an after
period by a decree, based on the recommendations of the
Imperial Commission.
Art. LXXVII. In every case, independently of the
honorary distinctions that may be awarded, the Council
of Presidents, and Vice-Presidents will have the power of
recommending, according to circumstances, to the Em-
peror, such exhibitors as may appear to merit special marks
of public gratitude, or encouragement of any other nature,
on account of services rendered to civilisation, humanity,
art, or science ; or for any considerable sacrifices, having
as their object general utility, both as regards inventors
and producers.
SPECIAL RULES REGARDING THR FINE ARTS.
Art. LXXVIII. A French jury appeinted at Paris will
determine on the admission of the works of French artists.
Art. LXXIX. The members of the French jury of ad-
mission will be appointed by the section of fine arts of the
Imperial Commission.
Art. LVXXX. The jury of admission for the fine arts
will be divided into three sections.
The first will comprehend painting, engraving, and
lithography.
The second, sculpture and die-sinking.
The third, architecture.
Each section will determine with regard to works coming
under their own province.
Art. LXXXI. The exhibition is open to the productions
bf French and foreign artists, who were living on the 22d
June, 1853, the date of the decree constituting the exhibi-
tion of fine arts.

Art. LXXXII. Artists may send to the Universal Exhi-
bition works that have already been previously exhibited ;
they will only not be allowed to send
1. Copies (excepting those which reproduce a work in a
different manner, on enamel, by drawing, &c.
2. Pictures and other objects without frames.
3. Sculptures in unbaked clay.
Art. LXXXIII. The following articles of the present
rules apply to the division of fine arta

Arti;lei 1 to 13 ; 15 to 30. Articles 35, 36, 40 to 47 ;
49 to 52; and 58 to 77.
(Here follow the signatures.)

LAW INTELLIGENCE.-April 22.

VICE-CHANCELLOR'S COURT.
(Before Vice-Chancellor Sir John Stuart.)
IN RE THE ROYAL BANK OF AIISTRALIi AND THE WIND-
ING-UP ACTS 1848 AND 1849.—EIPAATE WALKER
AND OTHERS.

This was a motion on behalf of certain contributors in
the above company to discharge or vary a certificate or
memorandum of the master, allowing certain claims of
the North British Insurance Company, the Perth Bank-
ing Company, and others as debts against the company,
or to refer it back to the master, to review his decision,
and to receive further evidence on such claims. The
North British Insurance Company, the Perth Banking
Company, and several other parties claimed to be credi-
tors of the Royal Bank of Australia as holders of cer-
tain 'promissory notes, which were signed by three of
the directors of the last-named company. On a special
case being submitted to the Court of Queen's Bench for
the purpose of determining whether the holders of cer-
tain promissory notes, similar in form to those held by
the North British Insurance Company, the Perth Bank-
ing Company, and the other present claimants, were
creditors of the Royal Bank of Australia, in respect of
such notes, that Court decided that they were, and the
Master had followed that decision. The present motion
was by way of appeal from the Master's decision.
The Solicitor-General, Mr. Cairns, Mr. Bacon, Mr.
Selwyn, Mr. Roxburgh, and Mr. Bevor appeared for
the different parties.

His Honour this morning, without hearing counsel for
the defendant, gave judgment. He said that the case
had been very fully discussed during the last three days,
but he did not feel himself impressed sufficiently to en-
able him to say that the Master had done wrong in al-
lowing these debts against the company. In his opinion
the Court of Queen's Bench had, in fact, decided the most
important question, and the Master seems to have been
guided by the authority of that decision. The first ob-
jection to the Master's finding was, that even if the
directors had power to I*-cl the company, these notes
were not in fact so framed'as to bind the company, but
only to create a contract on the part of those persons by
whom they were signed. It had been said that the com-
pany was not named so as to render it liable for the pay-
ment of the notes. The notes commenced, " We, the
directors," &c., &c. It seemed to him to include the
company, for on the construction of these words it
was plain they were made on behalf of the company—
that is, on behalf of these whose signatures they bore,
and also on behalf of the other members of the com-
' pany. At law, one partner could not render his co-
partner separately liable for the partnership debts, and
the Court of Queen's Bench held that the notes were those
of the company, and not of the individuals enly. But
the most important question was as to the authority of
the directors to bind the company as a body by those
notes, the powers given by the 9th clause of the deed of
settlement are certainly large enough to authorise the
directors to take up money on such instruments, but it
was contended they could not do so until the whole of
the capital had been paid up. That part of the case had
been so satisfactorily dealt with by the judgment of the
Court of Queen's Bench, that it was not necessary for
him to enter into the question. The attempt to defeat
the claim on the ground of misstatement and conceal-
ment of what was being done from the shareholders, in
his opinion, entirely failed. The most important fact
was that 250,0001. had been remitted to the colony, and
that 334,7941. was due by the company on deposit and
other bills, was stated in the report of July, 1845, re-
peated. In the report of 1845, and again in 1847, were
facts quite sufficient to show that the shareholders were
acquainted with the facts that sums to a very large
amount had been borrowed on the security of these
notes. On the whole case his opinion was that the
claims of the North British Assurance Company had
been properly allowed as debts by the Master against
the company. He should allow the costs of all parties
to come out of the estate.