The Sun.
London, England, 1847-06-21 00:00:00

THE SUN:

Average Amount.
___

Oxfordshire Witney Batik Witney—Williams,
Clinch, and Co
Pease's Old Bank, Hull, the Hull Old Bank and
Beverley Bank, Hull—Pease and Co 46,105
Penzance Bank, Penzance—Batten and Co 11,144
Peterborough Bank and Oundle Bank, Peter-
borough—Masers. Yorke
Peterborough_ Bank, Peterborough—Simpson,

9,988

White, and Simpson
Pembrokeshire Bank, Haverfordwest—J. and

11,542

W. Walters
Penzance Union Bank, Falmouth Bank, and
Truro Bank, Penzance—Rickets, Enthoven.

10,755

and Co
Reading Bank, Reading—Simonds and Co
Reading Bank, Reading—Stephens,Blandy, and
Co
Richmond Bank,Richmoncl—Stapleton and Co
Ringwood and Poole Bank, and Town and
County of Poole Bank, Ringwood—Ledgard
and Stns
Rochdale Bank, Rochdale—Clement, Royds,

1,190
37,816

3,6479
6,461

10,358

and Co
Rochester, Chatham, and Strood Bank, Roches-
Romsey—Foot-
Rotmers—eyDaatyl
daHndsmNpischhiorlesoßnsok,
ner and Son
Royston Bank, Royston—Fordham and Sons
Rugby Bank, Rugby—Butlin and Son
Rye Bank, Rye—Curteis, Pomfret, and Co
Reigate and Darking Bank, and Reigate, Croy-
don, and Darking Bank, Reigate—Nash and
Co
Ross (Ad Bank, Herefordshire, Ross—Pritchard
and Allaway
Saffron Walden and North Essex Bank, Saffron
Walden—Messrs. Gibson
Salop Bank, Shrewsbury—Burton, Lloyd, and
C
Scarborough Old Bank, Scarborough—Woodall
and Co
Shrewsbury and Market,Drayton Bank, Shrews-
bury—Adams, Adams, and Co
Shrewsbury Old Bank, and Shrewsbury and
Ludlow Bank, Shrewsbury—Rocke, Eytons,

4,780

8,426

14,601
13,861
18,455

13,153

4,065

36,565

17,536

22,841

8,055

and Co
Sittingbourne and Milton Bank, Sittingbourne
—Valiance and Son 2,958
Southampton Town and County Bank, South-
ampton—Maddison and Son
Southwell Bank, Southwell—Wylde and Co.
St. Alban's Bank, St. Alban's—J. S. Story 2,117
Salisbury Bank, Salisbury—Messrs. Brodie 20,929
Shaftesbury Bank, Shaftesbury— Brodie and
King
Southampton and Hampshire Bank, Southamp-
ton—Atherly and Fall
Stone Bank, Stone—W. Moore 7,039
Stourbridge Bank, Stourbridge —Rufford,
Wragg, and Co 17,132
Stafford Old Bank, Stafford—Stevenson and Co 11,507
Stamford and Rutland Bank, Stamford—Eaton,
Cayley, and Co.
Stourbridge Old Bank, Stourbridge—Bate and
Robins

34,226

8,943

18,078

Shrewsbury and Welshpool Bank, Shrewsbury
—Beck, Downward, and Co. 23,97
St. Alban's and Hens Bank, St. Alban's—Gib-
son and Stuart... 2,22
Taunton Bank, Taunton—Messrs. Badcock 25,530
Tavistock Bank, Tavistock—Gill, Rundle, and
Co 11,388
Thornbury Bank, Thornbury—Rolph, Yates, and
Parslow
Tiverton and Devonshire Bank, Tiverton—Duns-
ford and Barne
Thrapston and Kettering Bank, Northampton-
shire, Thrapston—Yorke and Eland 10,49
Tring Bank and Chesham Bank, Tring—But-
cher and Son
Towcester Old Bank, Towcester—J. and S

9,763

8,890

12,625

Percival
Union Bank, Cornwall, Helston—Vivian and
Co. 14,247
Uxbridge Old Bank, Uxbridge—Hull, Smith,
and Co. 22,241
Wallingford Bank, Wallingford—Wells and Co. 10,510
Warwick and Warwickshire Bank, Warwick—
Kelynge, Greenway, and Co. 28,322
Wellington Somerset Bank, Wellington—Fox,

8,873

Brothers
West Riding Bank, Wakefield, and Pontefract
Bank, Wakefield—Leatham, Tew, and Co. ... 44,199
Whitby Old Bank, Whitby—Simpson, Chap-
man, and Co 13,679
Winchester, Alresford, and Alton Bank, Win-
chester—Bulpett and Co.
Winchester and Hampshire Bank, Winchester
—Wickham and Co
Weymouth Old Bank and Dorchester Bank,
Weymouth—Elliott and Pearse
Wirkesworth and Ashbourne Derbyshire Bank,
Wirkesworth—Arkwright and Co.
sYisbech and Lincolnshire Bank, Wisbech—
Gurney and Co.
Wiveliscombo Bank, Wiveliscombe—P. and W
Hancock
Wolverhampton Bank, Wolverhampton—Good-
ricke and Holyoake.
Worcester Bank, Worcester—Farley, Lavender,
and Co.
Worcester Old Bank and Tewkesbury Old Bank,
Worcester—Berwick, Lechmere, and Co
Worcestershire Bank, Kidderminster—Farley
and Turner
Whitby Bank, Whitby—Frankland and Wil-
kinson
Walsall Old Bank, Walsall--CharlesFoster and
Sons
Warminster and Wiltshire Bank, Warminster—
Everett and Co.

2,588

4,470

55,422

6,852

9270

12,660

76,864

Wrexham Bank, Wrexham—J. and S. Kenrick
Wolverhampton Bank, Wolverhampton—
Messrs. Fryer
Yarmouth and Suffolk Bank, and Halesworth
and Suffolk Bank, Yarmouth—Gurney,
Birkbeck, and Co.
Yarmouth, Norfolk, and Suffolk Bank, Great
Yarmouth—Sir E. K. Lacon, Bart., and Co
Yeovil Old Bank, Yeovil—E. and J. Batten
York Bank. York—Swann. Clough, and Co
JOINT-STOCK BANKS.
Bank of Westmoreland, Kendal
Barnsley Banking Company, Barnsley
Bradford Banking Company, Bradford
Bilston District Banking Company, Wolver-
hampton

10,512

19,949

19,515
1,685

11,069

4,6987

Bank of Whitehaven, Whitehaven
Bradford Commercial Banking Company, Brad-
ford .... ....

10,464
7,044
42,626

10,437
8,347
46,623

9,910
31,683

19,144

Burton, Uttoxeter, and Staffordshire Union
Banking Company, Burton-upon-Trent
Chesterfield and North Derbyshire Banking
Company, Chesterfield
Cumberland Union Banking Company, Work-
ington
Cheltenham and Gloucestershire Banking Com-
pany, Cheltenham
Coventry and Warwickshire Banking Company,
Coventry
Coventry Union Banking Company, Coventry..
County of Gloucester Banking Company, Chel-
tenham 118,732
Carlisle and Cumberland Banking Company
Carlisle
Carlisle City and District Bank, Carlisle l9 427
Dudley and West Bromwich 'Banking Company,
Dudley 3,5937
Derby and Derbyshire Banking Company, Derby 19,175
Darlington District Joint-Stock Banking Com-
pany, Darlington 23,841
East of England Bank, Norwich
Gloucestershire Banking Company, Gloucester 148,296
Halifax Joint-Stock Bank, Halifax 16,634
Huddersfield Banking Company, Huddersfield 32,609
Hull Banking Company, Hull 28,425
Halifax Commercial Banking Company, Halifax 12,565
Halifax and Huddersfield Union Banking Com-
pany, Halifax 38,015

54,313

7,999

34,072

10,448

27,776
16,030

Helsttin Banking Company, Helston 1,238
Herefordshire Banking Company, Hereford 20,926
Knaresborough and Claro Banking Company,
Knaresborough 27,268
Kingsbridge Joint-Stock Bank, Kingsbridge 4,034
Lancaster Banking Company, Lancaster .. . 57,453
Leeds Banking Company, Leeds
Leicestershire Banking Company, Leicester
Lincoln and Lindsey Banking Company, Lincoln 48,500
Leamington Priors and Warwickshire Banking
Company, Leamington Priors
Leeds and West Riding Banking Company,
Leeds
Leeds Commercial Banking Company, Leeds —
Ludlow and Tenbury Bank, Ludlow 8,480
Wore and Robinson's Nottinghamshire Bank-
ing Company, Nottingham 27,241
Nottingham and Nottinghamshire Banking
Company, Nottingham
Newcastle, Shields, and Sunderland Union Joint-
Stock Banking Company, Newcastle 73,955
National Provincial Bank of England, Birming-
ham, Head-office, 112, Bishopsgate-street,
London
North Wilts Banking Company, Melksham 54,171
Northamptonshire Union Bank, Northampton 78,383
Northamptonshire Banking Company, North-
ampton
North and South Wales Bank, Liverpool 55,185
Pares's Leicestershire Banking Company, Lei-

cester .
Saddleworth Banking Company, Saddleworth 3,080
Sheffield Banking Company, Sheffield 35,565
Stamford, Spalding, and Boston Banking Com
pany, Stamford. 53,510
Stuckey's Banking Company, Bristol Somerset-
shire Bank, and Somersetshire Bank, Lang-
_ _

port v 309,053
Shropshire Banking Company, Shiffnall 4,5590
Stourbridge and Kidderminster Banking Com
pany, Stourbridge
Sheffield and Itallamshire Banking Company,
Sheffield
Sheffield and Rotherham Joint-Stock Banking 2,3164
SviaradPaalellYan' SdliWens "lheidley 52,023
dale Banking Company,
Richmond,„,,,,
S t t cmn°aadnd. u-iha'ra" ..
County Banking Corn- 49,132
pany, Stockton
Storey and Thomas's Bank'
Shaftesbury .......
......... nig Company,
Sheffield and Retferd Bank, . .... ..............
Suffolk Banking Company, Ipswich . .
Wolverhampton and Staffordshire Banklng..e.o-02.:
pany, Wolverhampton .............................. 34_,14:4
2
Wakefield and Barnsley Union Bank, wakefield 19, -
W\hvitheihteahvae‘nenJoint-Stock Banking Company, •
...............................
30,59
5
Warwick and Lew eir.gton Banking Company,
Leamington
West of Englanii al.l South Wales District
Bank..l3nstol .

9,296
898

Average Amount.
Wilts and Dorset Banking Company, Salisbury 63,870
West Riding Union Banking Company, Hud-
dersfield
Whitchurch and Ellesmere Banking Company,

Whitchurch
Worcester City and County Banking Company,
Worcester. .. .... .. , 6,460
York Union Banking Company, York 67,060
York City and County Banking Company, York 86,982
Yorkshire Banking Company, Leeds
P. DEoANS, Registrar f Bank Returus.2
Stamps and Taxes, June 12, 1847.

CHARING-CROSS BRIDGE COM-

PANY.

A special general meeting of the shareholders of this
company was held at *heir offices, Villiers-street, Strand
at one o'clock on Saturday, Mr. Hawes in the chair,
for the purpose of formally rescinding the contract en-
tered into some time ago, for the sale of the bridge to Mr.
Jackson, Sir Joshua Walmsley, and Mr. Fuller, and for
assenting to the creation of new shares, for the purpose
of defraying the liabilities of the undertaking.
After the advertisement had been read,
The CHAIRMAN proceeded to explain the nature of the
meeting to the shareholders. He said the actual expen-
diture np to January in the present year amounted to
126,485/., for which 8,000/. had to be deducted for rent
received from the wharf, making the total cost 118,485/.;
it had been estimated to cost 106,000/., but, as they
were already aware, there had been an excess over that
estimate of 12,485/., which he thus accounted for—
alteration of piers and foundations, 3,0001.; new works
not in the estimate, including toll-houses, gates, light-
ing, &c., 2,0001; float, 1,500/.; law expenses, 1,5001,
including the cost of obtaining their three Acts of Par-
liament. There was a debt of 1,000/. due to
the Hungerford Market Company for damages,
which had been referred to arbitration, and
which would be settled as soon as possible. Then
there was 4,0001. of interest owing to the bankers and
others, making, as he had said, a deficiency of 12,485/.,
or, in round numbers, 13,000/. They had already raised
altogether, up to the present time, 120,000/, their capital
having been originally fixed upon as 106,000/. In order
to meet the liabilities it would be necessary to raise new
capital to the amount of 19,450/., or, in round numbers,
20,0001. The following were the liabilities:—Messrs.
Jackson and others, 9,000/. ; the bankers, 3,5001. ;
works, 1,950/, ; her Majesty's Commissioners, law
expenses, obtaining Acts of Parliament, and claims
2,000/., due upon the toll account 3,000/, making alto-
gether 19,4501. Out of these items the following might
be selected as absolutely pressing for payment :--9,0001.
to Messrs. Jackson, out of the 10,0001. deposited, 1,000/.
having been forfeited, and the bankers 3,5001. All
these must be placed on a proper footing for payment.
The directors proposed to provide for the payment of
these liabilities under third clause of their Act, and to
issue 3,200 quarter-shares of 61.55. each, these shares
to be first offered to the shareholders ; but they did not
consider it advisable that they should constitute any por-
tion of the permanent capital of the company. The
traffic of the bridge would in the course of the next year
or two be so much increased by the opening of
the South-Eastern, South-Western, and the Great
Western, and Birmingham lines, in the immediate
vicinity of the bridge, that he confidently anti-
cipated that the directors would be enabled
to pay off 10,000/. or 12,000/ without any difficulty
whatever. They therefore preferred rather to raise
money by means of new shares than in the shape of a
loan, or of making the amount proposed to be raised
a portion of the fixed capital of the'company. He con-
cluded by calling upon the clerk (Mr. Lawrence) to
read the report.
Mr. LAWRENCE then read the report, which was as
follows:

" Your directors called this special general meeting of
shareholders to submit for their approval the arrange-
ments they have acceded to with Messrs. Jackson, Reed,
Walmsley, and Fuller, for the settlement of their con-
tract for the purchase of the bridge; and also to submit
the plan by which they propose to raise the capital re-
quired to repay to those gentlemen 9,0001., part of the
10,0001. deposited by them, as well as to provide
funds for the liquidation of the outstanding debts of
the company on the capital account, which have hitherto
been provided for by temporary loans from the bankers.
" Your directors are anxious to accomplish this with-
out increasing the fixed capital of the company, and
therefore, although they feel obliged, in fulfilment of the
spirit of the provisions of the company's Act of Parlia-
ment, 6th Victoria, chap. 19, sec. 5, to offer the new
shares they propose to create to the proprietors, they
deem it right to state, it will, in their opinion, be more
advantageous to the company that the shares should not,
if it can be avoided, become part of the permanent capi-
tal of the company, but be used as a security for the
temporary advance of capital, which your directors feel
very confident the company will be able to repay as soon
as the Great Railway station, now in progress, and close
to the southern terminus of the bridge, is completed.
" Your directors think it right to state distinctly that
this capital is not required to pay for any unforseen and
increased expenditure, but simply to place the finances
of the company on a more satisfactory footing, and has
been forced upon them at this time by the necessity of
completing the proposed arrangements with Messrs.
Jackson and others.

" To accomplish these objects in the manner best cal-
culated to promote the:permanent interest of the com-
pany, the necessary resolutions, as well as the proposed
agreement to carry them into effect, will be submitted to
the meeting." _ _

In reply to several parties,
The CHAIRMAN said that the present traffic, in round
numbers, yielded a revenue of 7,0001. a year. The share-
holders might take the new shares ; but in the event of

their not doing so, they must of necessity take them into
the market. One-fourth of the money due to Mr.
Jackson had to be paid in a fortnight, but the payment
of the remainder would depend upon subsequent arrange-
ments ; it would be advisable, however, to pay the
amount without delay, in order to avoid the payment of
interest.
The first resolution, annulling the agreement with
Mr. Jackson, was then read,

The CHAIRMAN, in reply to a question, stated that
the Bill for the sale of the bridge was now before Par-
liament. They had been unable to obtain a com-
mittee, a sufficient number of members not hav-

ing attended on the two occasions in which it was
summoned to form a quorum. They thought they could
not carry it with the opposition which had been arrayed
against it, yet it had not been withdrawn. Their legal
advisers were of opinion that the transfer of the bridge
could not be considered a public act, in the words of the
preamble, if it had to encounter the opposition menaced;
and though it had been read a second time it was still
before Parliament.

Captain KELLY was surprised that any one could
call a private contract a public benefit.
The CHAIRMAN said Lord Shaftesbury refused to pass
it without these words. The 10,000/. received had been

thus expended :-5,000/. to the Exchequer Commis-
sioners, and the remainder had been carried into the
general account. Thus they had saved the payment
upon the 5,000/. paid to the Commissioners. It was
open to the shareholders to make the new shares a por-
tion of the capital at a future period —they could not
raise more by debentures than they had raised.
Mr. FEW considered that it would not be well to pay
off the new shares at a future period out of the tolls, and
that the option of taking the shares at par at a future
period should be offered to the shareholders.
The CHAIRMAN considered the suggestion a good one,
but he was so confident of the great increase of the
traffic, that no difficulty would be found in paying off the
amount he had stated without interfering materially
with the revenue from the tolls.
The report was then received and ordered to be en-
tered on the minutes.

Mr. ORD censured the conduct of the directors, and
blamed them for not having acted in the same conci-
liatory and upright way in which Mr. Jackson had
acted; if they had done so a great portion of the law
expenses which had been incurred would have been
saved.—(Hear.)
Mr. COPE proposed an amendment to the following
effect:—That it was expedient to postpone the rescind-
ing of the agreement until the financial affairs of the
company had been investigated; and for the purpose of
effecting this he proposed that a committee of seven share-
holders should be elected, three to form a quorum, who,
with the aid of an accountant, should make this inves-
tigation, and that the meeting should adjourn until the
12th of July.
Mr. LLOYD seconded the motion.

Mr. STUTELEY, the chairman of the Market Com-
pany, considered that, as the nature of the accounts had
taken the meeting by surprise, they ought to adjourn.
The liabilities must be paid, but the great considera-
tion was how they were to bo paid; he considered,
therefore, that they should not hastily come to a deter-
mination.
After a prolonged discussion, not remarkable for the
temperate manner in which it was conducted, a ballot
took place, when the numbers were—for the motion 73
♦otes and one proxy, against it 31 votes and 132 proxies,
making a majority of 89 against the original
motion. The seventy proxies belonged to the Market
Company, and were received under a protest, subject to
the opinion of counsel ; Mr. Stuteley also delivered, in a
protest against this proceeding on the part of the di-
rectors.
The second resolution was then proposed, authorising
the directors to raise 20,0001.
The amendment of Mr. COPE, which had been de-
ferred until this motion, was then proposed.

Considerable discussion ensued.
The CHAIRMAN emphatically declared that the whole
of the opposition arose from the animus which the Hun-
gerford Market Company entertained against them.
Mr. STHTELEY—I deny that.
The CHAIRMAN called upon Mr. Stuteley to define
the grounds of his opposition for as yet; no specific
charges had been made against the directors.
Mr. STUTELEY said the accounts had not been drawn
properly up, as the accounts of all public bodies were
drawn up; that they had a heavy debt with but little
prospect of paying it, and besides their profits had been
materially reduced.
The CHAIRMAN briefly replied. lle was quite
justified in the expression he had used, as they found
the Chairman of the Market Company and their clerk
opposing every step they proposed, and altogether their
opposition was most unjust and uncalled-for. The books
of the company were open, by law, to every shareholder
who chose to inspect them.—(Hear, hear.) They had
paid 4/. per cent., but, owing to their opposition
to the negotiations with Mr. Jackson, they
had been compelled to reduce it.—(Hear.) The
property was improving. Their conduct had compelled
them to seek this additional sum; but they might have
borrowed it without the intervention of the shareholders,
because they had power in the Act; and because they
came forward in the most unreserved manner they
wished to pass a vote of censure upon them, although
they had left nothing undone to promote their interest.
Some allusion had been made to forfeited shares, and