The Sun.
London, England, 1853-02-08 00:00:00

LONDON, TUESDAY EVENING, FEBRUARY 8, 1853.

BANKS OF DEPOSITS AND SAVINGS BANKS.
. INVESTMENT OF CAPITAL.
1-)ARTIES desirous of Investing Money are re-
qucsted to examine the plan of the Na Tonal Asgirance and
Investment Association, by which a high rate of Interest may be
obtained, combined with perfect security.
Prospectuses and full information may belied at the office, or sent
rost free on application.
PETER MORRIAON. Managing Director.
7, St. Martin's.place, Trafalgar-square, London.

THE EBRO CANALISATION COMPANY.
.NOTICE IS HEREBY GIVEN, that the Provisional Certi-
ficates will be ready for eelivery in Exchange for the Bankers' Re-
ceipts on and after Tuesday next, Bth instant, between the hours of
Elevtn and Three o'Clock.
By order. C. STEWART, Secretary.
4, Adam's Court, Old Broad-street, 3d Feb , 1853.

ONDON EXCHANGE ADVANCE FUND,
.11_41 2, Adelphi-terrace, Strand, facing the river; City Branch, 3
Old Bread-street, City. . .

The Right Hon. Lord ERSKINE, Chairman.
Loans advanced, in sums of 101. and upwards, granted on a joint
promisory note, repayatil, by ca.y instalments, or on the deposit
of deeds or other available securities.
ills of exchanze cashed at moderate rates of interest
Forms of application may be obtained at the Offices, or on forward-
ing 12 postage stamps. Wbi. BROOKS, Secret4ry.

THE INDISPUTABLE LIFE POLICY
COMPANY,

No. 72, Lombard-stree., and 24, Connaught-terrace.
TRUSTEES.

Mebard Spooner, Esq., M.P. I Richard Malin*, Esq., Q.C., M.P.
J. Campbell Renton, Esq., M.P. James Fuller Maddox, Esq.

Willicim Wilberforce, Esq.

The POLICIES are INDISPUTABLE. in terms of the Deed of
dettiement of the Company. duly regist,red, and are thus rendered
CERTAIN FAM ILY PROVISIONS, and NEGOTIABLE DOCU-
MENTS of SECURITY.
This Company has introduced, as more peculiarly applicable to
the Middle and Industrious Classes, a plan of SELF-PROTEt ;TING
INSURANCE, whereby in one Policy for one rate of Prem.um are
combined an Insurance of a Sum payable either at death or on
attaining a specified age, and a pension or annuity after that age ;
and giving the lull benefit of all Premiums that have been paid,
althou;l2 the paymen's should at any time be discontinued.
ALEX. ROBERTSON, Manager.

UNITED KINGDOM LIFE ASSURANCE
COMPANY.
Established by Act of Parliament in 1834.
8, Waterloo-place, Pall-mall, London.
HONORARY PRESIDENTS.
Lord El phinstone
Lord Belhaven and Stenton
William Campbell, Esq., of
Tillicliewan.

Earl of Courtown
Earl Leven and Melville
Earl of Norbury
Earl of Stair
Viscount Falkland

LONDON
CHARLES GRAHANT,
CHARLES DOWNES,
El. Blair Ayarne, Esq.
IL Lennox Boyd, Esq., Resident
Charles Berwick Curtis, Esq.
William Fairlie, Esq.
D. Q. Henriques, Esq.

BOARD.

F.S.A., Chairman.
:sq., Deputy Chairman.
J. G. Henriques, Esq.
F. C. Maitland, Esq.
William Railton, Esq.
F. H. Thomsdn. Esq.
Thomas Thorby, Esq.

MEDICAL OFFICERS.
PHYSICIAII.-Arthur H. await, Esq., M.D., 8, Bennett-street,

St. James's.
SURGEON.—F. H. Thomson, Esq., 48, Bemers•street.
The bonus added to policies from March, 1834, to the 31st
December, 1847, is as follows:

"m ITime Assured Sum addedto Sum addedto Sum payable
assured. Policy tnlB4l Pollcyin 1848 at Death.
£5OOO 13 years 10 mths £638 6 8 £787 10 0 £6470 16 8
*lOOO 7 years .. 157 10 0 1157 10 0
500 1 year •• •• 11 5 0 511 5 0

* EXAMPLE.—At the commencement of the year 1841 a person aged
thirty took out a Policy for 1,0001., the Annual Payment for which
Is 241. is. Sd.; in 1847 he had paid in Premiums 1681. 1 le. Sd. ; but
the profits being 2 IA per cent. per annum on the sum insured (which
is 221. 10s. per annum for each 1,0001.), he had 1571. 10s. added to the
Policy, almost as much as the Premiums paid.
The Premiums, nevertheless, are on the most moderate scale, and
only one-half need be paid for the first live years when the In-
ouranceis for Life.
Every information will be afforded on application to the ResideD t
rector.

SUND•Ib

Terrace
Pier.

Time.

RAILWAY INTELLIGENCE.

NORTH-WESTERN.

The half-yearly meeting of this company was held yes-
terday at Leeds. Mr. ALCOCK presided.
The SECRETARY read the report, which stated that the
receipts for traffic during the half-year ending 31st De-
cember last amounted to 24,0521., against 18,6401. for
the corresponding period of the previous year. After
payment of 11,3791. to the Midland Company for work-
ing the line, 1,3011. for rents of stations, and 2411. sun-
dry debts, a balance of 11,1301. remained. The balance
at the debit of revenue on the Ist July, and the payment
of the half-year's interest on preference share capital,
debenture debt, &c., amounted to 11,2911., leaving a
balance of 1611. for the current half-year. The payments
on capital account for the half-year amount to 21,9721.,
the total expenditure to 31st December, 1852, being
1,094,944/. The arrears of calls had been reduced by the
sum of 7,1711., and active measures were being taken to '
compel payment by defaulters. The debenture debt
amounts to 182,087/., of which 114, 350/. had been borrow-
ed at 5 per cent.; 3,0401. at 4t per cent.; 52,950/. at 4 per
cent.; 2,2471. at 3i, and 9, 500/.at 34 per cent. Thedirec-
tors state that they find no difficulty in renewing deben-
tures that fall due at 34 per cent. The traffic continues
steadily to increase, especially that which comes on the
line at Morecambe. An arrangement has been made
with the Midland Company for the working of the com-
pany's steam-boats bet weeri-MorecariThe and Piel, under
which interest at 4 per cent. per and is secured on the
capital expended in the boats.
The CHAIRMAN said, the only point in the report to

which it was likely there would be. any objection was
charging the balance against last half-year's revenue
account to the revenue account of this half-year, and
not against capital ; but the directors and auditors had
concurred in placing the item in the revenue account,
the amount having been paid for interest to preference
holders. He hoped next year to have the satisfaction of
meeting the shareholders with at least a small dividend
on the original shares. (Applause.) The chances of
making a dividend were now improved in consequence
of the company being able to borrow money at a reduced
rate of inteeest.

Mr. BURKILL said, he had protested to the directors
against the payment of 3,0851., at the end of last half-
year, as interest on preference shares, being charged to
the revenue account. He held that it had been abstracted
from the capital account in order to pay the preference
holders, when the company had no legitimate means of
paying them, and that the item ought to remain to the
debit of the capital account.

The CHAIRMAN, Mr. LUPTON, and Mr. FROST (an
auditor) explained that originally the sum of 3,&851. had
been taken from the revenue account, and that the share-
holders, at their last meeting had sanctioned its being
made a charge upon revenue.

After considerable discussion Mr. IR:MULL expressed
himself satisfied with the explanations given.
In answer to inquiries the CHAIRMAN said, 16,000/.
was still owing for land, but the arrears of calls and
balance in banker's hands amounted to 23,0001.

Mr. BOOTH objected to the preference interest being
paid either out of capital or borrowed money. He thought
the preference holders should wait until the company
was able to pay them out of its income.

Mr. HARE (a director) said, if the company had not
paid their. preference shareholders, they would never
have been able to borrow money at 3i per cent., as they
were doing at present.

The report having been unanimously adopted, the ro-

tiring directors, Messrs. H. J. Hare, H. Alcock, D.
Lupton, R. Hinde, J. Kitson, J. Burkill, and T. Hors-
fall, were re-elected.
On the motion of Mr. SA.NOSTER, a vote of thanks was
given to Mr. P. Dawson and Mr. W. Robinson, two di-
rector who had permanently retired from the board.
In answer to a question, Mr. HARE said the More-
cambe Bay traffic was in the proportion, at present, of
one-third of the whole traffic of the undertaking, and by
the end of the year he should not be surprised to see it
reach as high as 40 per cent.
After the usual complimentary vote to the Chairman,
the meeting separated: •

line, and to realize a good dividend from the traffic. He
then entered into lengthened explanations as to the
position of the company relatively to other companies
in the same district, and declared his belief
that it would be able to make arrangements tending to
its own security and profit. The directors proposed to
reduce the amount of the shares from 501. to 151. As it
was not their intention to call for one shilling more, a
reduction to 71. 10s, would have been proposed, but that
the Dublin and Belfast Company might take advantage
of such a state of things in Parliament. He concluded
by moving the adoption of the report. Mr. Hawes,
sen., seconded the motion, and in doing so expressed his
entire satisfaction with the position of the company. In
reply to a question, the chairman stated that the length
of the line was three miles ; adding that, as originally
projected, it was eighty miles long. A discussion en-
sued upon the question of raising the salary of the secre-
tary from 1251. to 2001. in accordance with the recom-
mendation of the directors ; but the meeting ultimately
assented to the increase, together with the entire report.

RAILWAY AND OTHER BILLS ON
STANDING ORDERS.
Yesterday the standing orders were declared complied
with in the following important cases :
LONDON AND NORTH-WESTERN RAILWAY.—There
were four bills connected with this company, which,
after some opposition, passed the standing orders. The
first bill was for their proposed branches to Stourbridge
and junction with the Oxford, Worcester, and Wolver-
hampton Railway, the expense to be defrayed out of a
surplus of 350,0001. The second bill was for branches
to St. Alban's and Amersham, the expense to be de-
frayed out of a surplus of 200,0001. and upwards. The
third bill was for an extension from Crewe to Shrews-
bury, railway from Primrose-hill to Willesden, and ad-
ditional lands at Bushbury, Stafford, Warrington, and
Camden—to be defrayed out of a surplus, of 500,0001.
The third bill was for a branch from Northampton to
Market Harborough, to be defrayed out of a surplus of
300,000/.
SHREWSBURY AND CHESTER RAILWAY.—For adjust-
ment of share capital, borrowing powers and mortgage
debt, conversion of share capital into stock, scale of
voting, creation of new shares for payment of debt,
powers to run over the Warrington and Altrincham
Junction and Chester and Holyhead Railways, and for
consolidation and repeal of acts.
SHREWSBURY AND BIRMINGHAM AND SHREWSBURY
AND CHESTER RAILWAYS.—For their amalgamation.
CORK AND BANDON RAILWAY.—For extension to
Bantry and branches to Clonakilt and Skibbereen and
at Albert Quay, power to raise further capital and
guarantee by county of Cork and baronies. Estimated
cost, 223,054/.
AMBERGATE, NOTTINGHAM, AND BOSTON RAILWAY.
—(No. I. Bill.)
CALEDONIAN AND EDINBURGH AND GLASGOW RAIL-
WAYS.—To authorise the joint working and management
of the two undertakings.
ARDROSSAN RAILWAY.—For sale or lease to Glasgow
and South-Western.
DARLINGTON AND BARNARD CASTLE RAILWAY.—For
construction at an estimated cost of 80,0001.
TYNEMOUTH DOCKS AND MORPETH AND SHIELDS
DIRECT RAILWAY.
The general bills passed were :—Bangor Waterworks
(cost 6,940/.) ; Irwell Valley Waterworks ; Teignmouth
Harbour and River Teign Navigation ; Bristol and
Clifton Gas Light Amalgamation ; Bristol Gas Light
Company (Increase of Capital and Extension of Limits);
Ropendale and Bacup Waterworks ; Swaffham Drain-
age. The Hamilton Waterworks Bill was withdrawn.