The Sun.
London, England, 1847-10-15 00:00:00

JOINT-STOCK BANKS.

1 Bank of Westmoreland, Kendal . .
Barnsley Banking Company, Barnsley
Bradford Banking Company, Bradford 47,448
Bilston District Banking Company, Wolver-
hampton
Bank of Whitehaven, Whitehaven
Bradford Commercial Banking Company, Brad-
ford .... ....
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 14,262
County of Gloucester Banking Company, Chel-
tenham
Carlisle and Cumberland Banking Company
Carlisle
Carlisle City and District Bank, Carlisle 20,159
Dudley and West Bromwich Banking Company,
Dudley
Derby and Derbyshire Banking Company, Derby 20,361
Darlington District Joint-Stock Banking Com-
pany, Darlington . 19,145
East of England Bank, Norwich
i Gloucestershire Banking Company, Gloucester 148,521
Halifax Joint-Stock Bank, Halifax 15,976
Huddersfield Banking Company, Huddersfield 34,156
Hull Banking Company, Hull 26,056
Halifax and Huddersfield Union Banking Com-
pany, Halifax
Helston Banking Company, Helston 1,450
Herefordshire Banking Company, Hereford 23,230
Knaresborough and Claro Banking Company,
Knaresborough 27,650
Kingsbridge Joint-Stock Bank, Kingsbridge 3,971
Lancaster Banking Company, Lancaster . 53,408
Leeds Banking Company, Leeds
Leicestershire Banking Company, Leicester
Lincoln and Lindsey Banking Company, Lincoln 52,020
Leamingtoo Priors and Warwickshire Banking
Company, Leamington Priors
Ludlow and Tenbury Bank, Ludlow lO,BOO
Moore and Robinson's Nottinghamshire Bank-
ing Company, Nottingham 25,201
Nottingham and Nottinghamshire Banking
Company, Nottingham
Newcastle, Shields, and Sunderland Union Joint-
Stock Banking Company, Newcastle 76,074
National Provincial Bank of England, Birming-
ham, Head-office, 112, Bishopsgate-street,
London
North Wilts Banking Company, Melksham 56,093
Northamptonshire Union Bank, Northampton 81,777
Northamptonshire Banking Company, North-
ampton
North and South Wales Bank, Liverpool 62,372
Pares's Leicestershire Banking Company, Lei-
cester .. . ............. .... 48,705
Saddleworth Banking Company, Saddleworth... 2,804
Sheffield Bankii:g Company, Sheffield 35,651
Stamford, Spalding, and Boston Banking Com-
pany, Stamford. 54,712
Stuckey's Banking Company, Bristol Somerset-
shire Bank, and Somersetshire Bank, Lang-
port
Shropshire Banking Company, Shiffnall ...
Stourbridge and Kidderminster Banking Com
pany, Stourbridge
Sheffield and Hallamshire Banking Company,
Sheffield . ...
Sheffield and Rotherham Joint-Stock Banking
Company, Sll.4lioid ...
Swaledale and Wensleydale Banking Company,
Richmond ..
41,824
Storey and
Thomas's Banking Company,
Swhoelffiveerldhaamnpdtßonetafieuricsl Btaagnokrd,
Shaftesbury
Sheffieldnklg
Com-
pany, Wolverhamton . Wakefield and Barusley fizilii.
Whitehaven Joint-Stock Bankiank' Wakefield 12,361
Whitehaven ...... .. ..... .. .ng Company,
Warwick and Lek.loti_gto.n. ............. .............. . 28,174
Leaminfften
r, ....... .. ........................
g Company,
West of Englane, awl South Wales ~ .... : . 37,582
Thataict
Bank. Bristol
Wilts and Dorset Banking Company, Salisbury 71,00980'83
West Riding Union Banking Company, Hud-
dersfield
Whitchurch and Ellesmere Banking Company,
Whitchurch
Worcester City and County Banking Company,

... 17,30

8,932
903

7,294

Worcester. . , 6,956
York Union Banking Company, York 72,229
York City and County Banking Company, York 90,593
Yorkshire Banking Company, Leeds
P. DEANS, Registrar of Bank Retarns.
Stamps and Taus, October 9, 1847.

GREAT NORTH OF INDIA RAIL-

WAY.

The adjourned ordinary general meeting of the
shareholders of this company took place-yesterday, at
the offices of the company, No. 1, Coleman-street-
buildings, Moorgate-street, for the purpose of receiv-
ing and passing the accounts of the directors, and for
the transacting of other business connected with the
company.
Harry Borradaile, Esq., took the chair shortly after
one o'clock.

The advertisement calling the meeting having been
read, _ _

A. GRAFTON, Esq., the secretary, read the report
of the directors and the accounts, from which it ap-
peared that the total amount of receipts was
11,5901. 95., and the expenditure 6,9231. 19s Bd.,
leaving a balance in the the hands of the directors of
4,6661. 9s. 4d.
After a short discussion, the accounts were ap-
proved and confirmed, and the report adopted. A
resolution was also adopted awarding a sum of fifty
guineas for the services of the Committee in India.
The business having been concluded, an extraor-
dinary General Meeting was called, for the purpose
of taking the sense of the shareholders on the pro-
priety of dissolving the company, and as to the
amount of dividend to be returned on the deposits for
Parliamentary expenses.
HARRY BORRADAILE, Esq., also presided at this
meeting, and, upon taking the chair, read the report
of the directors, which recommended the immediate
dissolution of the company, and proposed to return to
the shareholders 15. 9d. a share, and relieve them
from all liabilities on their signing a release.
Resolutions for carrying out the proposition con-
tained in the report were adopted, after some short
discussion, and the meeting broke up.

ROYAL MAIL STEAM-PACKET
COMPANY.

The half-yearly general meeting of the share-
holders of this company was held, at one o'clock,
to-day at the London Tavern.
The advertisement convening the meeting having
been read,
The CHAIRMAN called upon the Secretary to read
the report, and in doing so said it was unnecessary
for him to make any statement beyond this—that
the affairs of the company were going on satisfactorily.
Captain CHAPPELL then read the report, which
stated " That (looking at the general operation of the
company's affairs) it continues to exhibit a satisfac-
tory result. Owing to circumstances, many of which
arise from temporary causes, the disbursements have
been greater than in the corresponding half of last
year; and that the surplus is less : but the total re-
ceipts show a steady increase, notwithstanding the
deficiency in homeward freight, occasioned by smaller
shipment of specie from Mexico, resulting from the
unsettled state of that country. The proprietors are
aware that the items in the semi-annual working ac-
count laid before them do not exhibit the exact
amounts employed in the half-year's service, but the
sums expended in the half-year, although such ex-
penditure may apply beyond the six months in ques-
tion. The wages exceed those of 1846 by 1,6151.,
occasioned principally by an increase of five shil-
lings per month to each seaman's wages, and
by the progressive augmentation of officer's pay,
according to the length of their services.
There is an increase of 3,8721. in provisions, owing
to the necessity for putting a larger quantity on board
the ships to meet the increased number of passengers.
The excess of 1,7841. upon stores arises chiefly from
the purchase of additional saloon furniture, renewals,
&c., occasioned by the repair of the Teviot and other
ships, and by some few articles required for the Great
Western. The general service and stations account
exhibits an increased expenditure amounting to
3,0771., which arises from the hire of the schooner
Rayo, at Havannab, to convey the Honduras mails for
one trip, while the company's schooner Lee was
hauled up on the patent slip for repair; by a subscrip-
tion to the fund for relieving the widows and orphans
of men who perished at the wreck of the Tweed ; by
the hire of vessels to convey the mails after the loss
of that ship; and by expenses incurred in establishing
the transit accommodation at Panama, Cruces, and
Chagres, which alone amount to 1,1951. There is
an increase of 9851. under the head of salaries, say
6161. in London, and 369/. at Southampton ; which
the directors unanimously considered justified by the
services performed. The ships' repairs show an in-
crease of 4,318/., the greater part of which was for
the Reindeer and Larne at St. Thomas ; and expenses
consequent upon shifing the boilers of the Avon, &c.
at Southampton. There has been a reduction during
the same period upon engine repairs amounting to
7561. Referring, on the other hand, to the receipts '
from passengers and freight, the propreitors will
be gratified to observe that there it an increase under
every head, except homeward freight, the falling off in
which has been already accounted for. The measures
adopted to promote 'the transit across the Isthmus of
Panama are gradually producing the desired effect.
Since the end of March last many passengers have
passed by that route, and there have been shipments
of specie by each packet, the amount of which seems
steadily on the increase. Intelligence of the loss of
the Tweed was received by the directors on the day
of the last general meeting, when the circumstance
was briefly adverted to. It is now necessary to state
that the place of that vessel has been supplied by the
purchase of the Great Western, a strong, sound ship,
well calculated for the company's service. Having
made a good voyage to the West Indies and the Gulf
of Mexico, she is now in dock at Southampton,
taking on board a new set of boilers, and undergoing
some indispensable alteration, which will probably be
completed before the end of next month, when she
will, it is expected, be as efficient for years to come
as any other of the company's Atlantic steamers. The
directors are much gratified to add that they have
been enabled to effect this desirable purchase, and to
complete all the payments for the hull, machinery, and
outfit of the Conway new intercolonial steam-vessel,
amounting together to about 40,000/. out of the ordi-
nary means of the company, without diminishing the
Insurtnce Fund of 74,281/. ss. in Three-and-a-
Quarter per Cent. Government Stock, or any other
investment. The Lords Commissioners of the Admi-
ralty, according to the authority given to them by
their contract with the company, had been pleased to
order an alteration of the packet routes, to commence
on and from the second of next month, which will
establish a steam communication direct, once a month,
between Southampton and New Orleans. It would
be premature at present to discuss what may be the
result of this change, either as relates to the public or
to the company; but there can be no question that it
has been determined upon after much consideration,
and the utmost efforts of the company will be exerted
to give effect to the views of her Majesty's Govern-
ment upon the subject. Looking at the general state
of the company's affairs, the directors feel gratified
in proposing (as before) a dividend of 11. 15s. per
share, exclusive of income-tax ; the same to be pay-
able on and after the 20th inst."

The balance-sheet for the half-year ending on the
30th of June showed the expenditure to have been
155,9671. lls. Bd., and the receipts 198,3711.25. 10d.,
leaving a surplus of 42,4031. 1 ls. 2d.
Mr. RIDGWAY wished, as an original proprietor,
who had given 751. for his shares, to offer a few ob-
servations,.in no invidious spirit, with respect to the
affairs of the company. He thought that those who,
like him, had paid a high rate for their shares, and
had held them under great discouragement, should re-
ceive more than 3/. per cent., and they might do so if the
expenses were not of an unreasonable character. The
" labourer was worthy of his hire," but the giving of
the servants of the company an undue amount of re-
muneration was not, in his opinion, the best way to
benefit the shareholders. For instance, he considered
the salary of the secretary-1,0001. a year—sufficient
for his services, without the additional two hundred
guineas which had been paid to him during the last
six months. He admitted, although he had been treated
with some severity at the office, that he had
been permitted to inspect the books in opposition
to the rules of the company. This gratuity was
awarded to the secretary for the services rendered by
him in the new arrangements with the Admiralty ;
but it appeared to him (Mr. R.) that the passage by
way of New Orleans as proposed could not be
effected in less time than at present, namely twenty-
one days.
The CHAIRMAN explained that the gratuity was
given to the secAtary for services rendered by him
in remodelling the new contract with the Govern-
ment which had gone on for several years in an in-
complete and consequently unsatisfactory state.
Mr. RIDGWAY repeated that it was objectionable
to remunerate their servants so extravagantly when
their property yielded so small a return. Then, with
respect to the provisions, he believed the captains were
allowed a certain sum of money to provide articles
for consumption, but it did not appear that they had
expended their money to the best advantage. On
looking at the wine bills he found that the sherry cost
295. a dozen in bond. Now, excellent sherry could
be bought in bond at .53/. per butt.
A DIRECTOR-285., not 295.
Mr. RIDGWAY continued—Then he complained
that the wages were too high, and that the directors
were to blame for increasing them. He wished to
put their servants on a par with the Royal Navy, who
were exposed to greater hardships—seeing they had
to remain in all climates, and were absent from their
homes for considerable periods—than the servants of
this company
t and they were better remunerated
than those in that service. Every half-year there
was
charge of
might upwards
be
oafgo3od7odl.
efaolronf new
wear
roaanl
d sacks.t e
atear,
It was true there
na
on I
nd
pt hl
oaitn
oofn
thisti continual ai
tl
eernx ebnuste V.
sumsa s the
er et
hs ue
sl te ; a hl
le r de
di du
cneodt
the dividend, and therefore he could. P.
pas;tethem over
without comment; and the lateMr, wornarpt, al.
able financier, said, when the affairs of the
were in a less prosperous state, that the profits should
yield them 7f per cent; but they did not yield more