The Sun.
London, England, 1853-12-07 00:00:00

„ .
chinery, and ships employed as well as those fitting out
and in progress of construction, of the company's fleet.
It therefore appears to be only necessary for the directors
to state, that whetherwith regard to the improvement of the
older ships, or the arrangements of the new ones, no efforts
have been spared to combine in them every requisite for 1
superior speed, the comfortable accommodation of passen-
gers, capacity for the carriage of goods, and economy in
their navigation, and in these respects they venture to as-
sert, your fleet is not surpassed by any other ocean-going
vessels. In providing the large number of ships comprised
in the list referred to, the directors have not only had in
view the efficient execution of the services in which the
company is already engaged, but to make timely arrange-
ments for meeting the growing requirements of postal,
passenger, and commercial intercourse in the East. This
volicy, by placing the company in a position promptly to
undertake new and extended services, with more efficiency
and economy to the public than could .be otherwise ob-
tained, has enabled it hitherto to contend successfully
against all the attempts which have been made to rival it.
"LOAN TO THE PACRA •OF EGYPT.—The first and
second re-payments on this loan (of which the company
advanced about 100,00014, which fell due on the 31st of
March and the 30th of September last, have been
duly discharged by his highness; and remittances to
a considerable amount have already been received on
account of the third and last instalment due 31st of
March next, which the directors have every reason to
believe will be liquidated with the same punctuality as the
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" COMPLETION OF THE DiBENTURE LOAN.—The- direc-
tors stated, in their last report, that they had taken up an
amount of 383,0001. out of the 500,0001. which they were
authorised to raise on debenture. Considering that the
appearance of the money-market, towards the close of last
slimmer, did not afford indications of money becoming
easier, they determined on completing the loan, and were
enabled to procure the balance, 117,0001., for three years
from the 15th August last, at 4 per cent..interest. Looking
to the rise in the rate of interest which soon after ensued,
the directors consider the company fortunate in obtaining
this sum on such reasonable terms.
" DIVIDEND.—They now recommend that a dividend of
3 per cent., clear of income-tax, <for the half year evading
30th September last, be declared, and be payable on and
after the 23d instant."

Prefixed to the report was a list of the steam fleet of
the company as follows :
FOR THE SOUTHAMPTON AND ALEXANDRIA SERVICE.
Tons. Horse-power.
1. Himdlaya
2. Ripon
3. Indus
FOR THE MALTA AND MARSEILLES AND ITALIAN COAST

SERVICES.
4.. Veetis,
5. Valetta
FOR TEE CONSTANTINOPLE AND PENINSULAR SERVICE.
6. Tagus ' 900
7. Iberia
8. Madrid
_ __
.__ _ __

9. Sultan
10. Engine
11. City of London (char- ILIA
400 paddle-wheel.
tered vessel)