The Sun.
London, England, 1846-10-22 00:00:00

X 877,072 '2 2
BROUGHT DOWN.
X S. Chi
Gross Assets.. 877,072 2 2 Liabilities
Deduct Esti- /Surplus... .. matedlosses 778,803 12 0

3.

The CHAIRMAN said that he had much pleasurt; in
putting the resolution, but regretted that tin- re were not
more proprietors present. lie had the pleasure to inform
them that the concern was out of debt and out of danger.
Their London bankers bad btea paid off, as would he
seen by a letter which would be read to them by Mr.

Thefollowing letter was then read to the meeting :
" on, Oct. 7, 1846.
" Sir,—We are favoured withL yourdon letter of yester-
mdae3n-,tiaonnd,
dehavbeeLg eceitvheed
amountthe
. remittancethe lastof 0
s,oofo.lt.hteheprreoin_
missory notes given for the debt owing to us by your
company.
We have now the pleasure to enclose the said pro-
missory note, and to offer our congratulations to the
directors on the discharge of their engagement with us.
" At the period when our embarrassments pressed so
heavily on your establishment in the autumn of 1842,
when our cash advance was so considerable, and we
were under acceptances for a still larger amount, we
could not but feel a natural anxiety respecting our posi-
tion. We, however, placed reliance on the honour and
good faith of the gentlemen engaged in the direction of
the bank, and accepted their assurance of the ultimate
repayment of our advances. Depending upon their ex-
ertions, we allowed time for the winding up of its con-
cerns, and looked forward to a result by which we should
incur no loss. This confident expectation is now realized
by the payment of the last of the promissory notes with
interest, and it is as gratifying to us that our reliance
has been so fully justified, as it must be satisfactory to
yourself and colleagues that the undertaking entered
into has been so completely and honourably fulfilled.
" We remain, yours respectfully,
" VENISON and CO.

" G. R. Chappell, Esq.,
Chairtaan Bank of Manchester."
A SHAREHOLDER asked how much money was still
due by the bank.
Mr. FRAZER, in answer, said, in round numbers
24,0001., and the available assets 45,000/.
The report was then put to the meeting, and carried
unanimously.
After some conversation as to the propriety of
reducing their annual expenditure, thanks were voted
to the directors and the chairman, and the meeting se-
parated.

- -------- -
REPEAL OF THE NIALT TAX.
On Saturday last a deputation from the Central So-
ciety attended a meeting of the tenant-farmers at the
Norfolk Hotel, Norwich, to adopt means fur securing a
total repeal of the malt-tax. The chair was taken by
Mr. Leaman, of Whitewell, a large number of the
leading agriculturists
.of the county being present.
Mr. J. SMITH, one of the deputation, explained the
objects of the society by referring to the following re-
solutions, which had been passed at a meeting held at
the York Hotel, Bridge street, Blackfriars, London, on
the 30th of March, 1846
" 1. That the object of this association is to furnish
employment to the working classes of the British com-
munity (the first source of national wealth), and by
setting the springs of industry free, enable them to ob-
tain both beer and meat at a moderate cost.
" 2. That the tax upon malt is unjust in principle and
oppressive in operation, inasmuch as it presses so heavily
upon the labouring classes of the empire, and at the
same time altogether prevents many of the more needy-
from partaking of a wholesome beverage, the only nu-
tritious one arising from the produce of the British
soil.

" That the operation of this tax limits the consumption
of barley in an incredible degree, by imposing a duty of
Si. 10s. per acre upon every acre of barley used for the
purpose of malting ; thus in the first instance checking
the cultivation of the soil, and in the next precluding the
use of the produce for the purpose of fattening cattle.
" 4. That this meeting pledges itself not only to use its
most strenuous exertions for the total repeal of this oh-
m- xious impost, so detrimental to the comfort and morals
of the people, bat determines never more to relax its ef-
forts, or entirely separate, till the desired object be
attains d.
"4. That the committee be requested immediately to
adopt such measures as they may deem expedient and
most proper for carrying into effect the above resolutions
upon a wide and extended scale, at.d to exercise their ur-
gent endeavours for increasing the subscriptions."
Mr. NORTHOUSE followed in a speech ct considerable
length, in the course of which he traced the quantities of
malt consumed and the amount of duty paid from the
year 1730 to the present time. He stated, that in 1730,
when there was a population of only 5,687,993, the con-
sumption was 28,410,421 bushels, the duty being then
only 6d. per bushel, and the consumption five bushels
per head on the whole population. In 1780, the duty
was Is. 4d. per bushel; the population, 7,814,827; the
consumption, 30,805,100 bushels, or fbur bushels per
head. In 1828, the population was 13,249,508; duty,
2s. 7d.; and consumption, per head, two bushels two
gallons; while in 1845, with a population of 16,711,725,
the entire consumption was only 30,508,840 bushels, or
only one bushel six gallons 2.3ds per head. These
he considered proofs as strong as Holy Writ of the
effects of taxation, and the deterioration of the comforts
of the poor.
Mr. Cr:ll.v, of Cossey, then moved the following re-
solution:—" That this meeting form itself into a com-
mittee, with power to add to its numbers, as a branch
district of the Anti-Malt Tax Association," which was
carried unanimously; and a vote of thanks to the Chair-
man having been passed, the meeting separated.

IMPORTANCE OF LLOYD'B.—The vast importance of
Lloyd's establishment to merchants, shipowners, under-
writers, and others, interested in maritime affairs, may
be easily gathered from the fact that on Monday there,
were received no less than 37 British and Irish manu-
script shipping lists, with 58 foreign ditto, together with
newspapers to the same extent. This is not by any
means a solitary instance of the receipt of so vast a
mass of shipping and mercantile intelligence in one day,
To judge of the well-organised arrangement of the esta-
blishment, it may be observed that each list and news-
paper has been read and checked through carefully, and
which great labour was accomplished on Monday last, by
the usual hour of closing the business of the day.
ATTEMPTED SUICIDE IN A RAILWAY CARRIAGE.
Mr. B. Authur, of Wood-street, Queen-square, on his way
from Taunton to this city, last night, found himself in a
very awkward situation. Being alone with another
gen-
tleman, on leaving llighbridge-station, be heard
some-
thing running down on the seat and bottom of the
carriage. Supposing the gentleman unwell,
he inquired
but received no answer. Immediately after, the gentle-
elitbP:r of the
aantidt, faenlldacnroossp
man made a most strange noise, somethin bet
It
tnd
wasa groan,guitedthe earifiage.
seats next to them. On arriving at B covered that he had attempted allwe.l. it was dis-
throat with a penknife, which was e ty cutting his
man was placed with him, and he lying on the seat. A
ethrseonbo:aosmoognf ween a r•ry
VVB,3 brought on to the
Bristol Station, where he was recognised and taken ofTto
one of the hospitals. be
1 Journal.
INSOLVENT DEBTORS' COURT.--
of
the Insolvent Debtors' Court h their respective circuits. Mr. Con
javmeisjsuistnelreti:priv• a for
' GPs sat
on Monday at Chelmsford, and will, accoordin pointments, be oce:apied until some time ing'"• A'lle
BP-
-4-4 iNceber.
Business is a- • d be rQsumed '
..epointe to in town op. IW.es kap
wec0....,
...., when, according to the rota, Mr, Cotamissiciu„..
I Harris will remain In London, the other ti•
ree Learned
Corumissioms Wing engaged oil tbeirroi.spective cireni4

lAT(Tirtts
MANCHESTER, WEDNESDA Y, tEt: VCrzex.
.0 01,
- morning at elev. n o'e!ock the a
40
provrittor. of this very disastr,ll ' fet,, •
lia.ywards H tel, Bride,-stieet, in .te
directors present were Messrs G. I“ ppell, chair-
mfin of tho Board of Directors ; J. C. Dyer, John Patliuf,John Gould,h :rough, and John klpencer, deputy-
chairman. Mr. G. J. Chappell presided.
The CHAIRMAN having briefly opened the proo.eed-
ings, called upon the managing direcZor to read the
report.

-Mr. FRAZER then read the followirg report:—" Re-
port of the Board of Directors to the annual general
meeting of the proprietors, held at Hayward's Hotel,
Bridge-street, on Wednesday, the 21st of October,
1846:—The accounts submitted to the last gf-neral
meeting brought down the affairs of the bank to the
30th of June, 1845. The estimate:l net assets at that
date were 159,712/. 61. sd. ; the liabilities, 110,198/.
18.;. 5d.; and the apparent surplus, 49,516/. Sm. The
following is a statement of the affairs of the bank, made
up to the 30th of June, 1846:

ASSETS,
X S. d.f
Sundry Accts. 803,939 15 4F.,undr3 Accts.
Properties 45,204 1 9 Notes in then!
Cash 193 11 41
-----
Bills 27,714 13 9; 40,578 1 1
Bark Stock ... 612,715 0 0
New Call
Further Ca 11.., 108,659 17 5
Reserved Fund 2,611 3 8
------

LIABILITIES.
£ S. d.
39,213 1 1
1,36.5 0 0

£877,072 2 2

X s. d.
49,578 1 1
57,690 9 1

Net Assets ... £98,268 10 2:
,268 10 "The directors have cancelled £9B
d 7,907 shares held 2
the company, and also tbrfeitt,d 4,9243- by
Nba held b bankrupt and insolvent proprietors, and haveres carried they amounts received on the same, say 128,3151.; original
capital of WI. per share, 4,337/. I3s. 10d.; and 732/. 10i.,
first and second calls, to the credit of the bad debt ac-
count, thereby reducing the amount heretofore taken as
estimated loss to 778,803/. 125., as stated in the present
report.

The probable ultimate surplus has increased during
the year from 49,5131. Bs. to 57,690/. 9s. ld. This arises
from further sums received on account of calls amount-
ing to 4,5131. 10s. and 3,6631, I Is. Id., which have been
realised beyond the estimates and accounts now finally
closed, after deducting interest and expenses.
"On the 30th September the liabilities were 29,6091,
being a reduction of 10,9691. since the 30th of June ;
and the directors have much pleasure in being enabled
to state that they have, in the present month, paid 5,000/.
in full discharge of the debt due to their London bankers,
Messrs. Denison, Lleywood, Kennard, and Co., to whom
the shareholders are much indebted for the liberal treat-
ment experienced at their hands dui ing the liquidation.
" There are still some arrears of calls, and in a few
instances, where parties have the ability to pay, it will
be necessary to resort to legal proceedings.
The lamented death of Mr. Alexander Bannerman
caused a vacancy in the direction, which was filled up
by the appointment of Mr. John Bannerman.
" The directors who retire from office by rotation are
Messrs. John Bannerman, Peter Bothwell, and John
Swainson. They will be proposed for re-election.
" By order of the Board of Directors,
(Signed) "G. R. CHAPPELL, Chairman."
Mr. S. WALKER moved the adoption of the report,
which was seconded by aShareholder.