The Sun.
London, England, 1846-04-25 00:00:00

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LON DON, SA_ T

No. 16,723.

:11 IDL AND RAILWAY.
The Directors of the Midland Railway Company are pre-
pared to receive TENDERS for LOANS, in sums of not less than
1,0001. each, on SECURITY of their DEBENTURES, at interefo
after the rate of 41. per cent. per annum, papable half yearly, and
for terms of Three, Five, or Seven Years,
Applications to be made to the Secretary, at the Company's
()ince, Derby.

By order,

J. F. BELL, Secretary.

April 14, 1846.

WAVENEY VALLEY and GREAT YAR,
MOUTH RAILWAY.
In pursuance of the resolutions adopted in the House of Commtms
on the motion of Mr. Duncombe, M.P., on Thursday, 23d inst., the
Committee on every railway Bill will require to be produced and
verified before them, full and satisfactory information as to the
names of the original alottees, and the amount of the subscription
paid by them ; the amount of shares retained for the provisional
committee; the amount of shares paid up by the provisional com-
mittee; the number of shares now held by them ; a statement of
money in hand ; an abstract of receipts and expenditure, and also a
statement of the source whence the deposit was paid to the Ac-
countant-General. It Is now a matter of urgent necessity that the
scripholders should, without delay, be made acquainted with the
financial condition and prospects of this Company, not only that they
may judge of the propriety of going on with the project, but also be
satisfied whether the information which Parliament will require can
be satisfactorily supplied. It is therefore proposed that a requisition
should be signed as numerously and presented as speedily as possible,
calling upon the Directors to convene a meeting of the Scripholders
forthwith, and lay before them the exact position of affairs.
Requisitions are now lying for signature at the office of C. M.
Strettan, Esq., 18, Southampton buildings, Chancery-lane, London;
and C. S. Gelman, Esq., Bethel-street, Norwich. Scripholders, to
whom it is not convenient personally to attend to sign, are requested
to send an authority to that effect, stating the number of scrip held
by them.

EXETER, YEOVIL, AND DORCHESTER
RAILWAY.
Five-and-a-half per_cent. guaranteed by the London and South

Western Railway Company.
An advertisement having been published in the newspapers by par-
ties interested for a rival company, falsely assuming that this scheme
will not be carried out, and inviting the scrip-holders to co-operate
with them " in order to wind up the Company."
The Committee of Management of the Exeter, Yeovil, and Dor-
chester Railway think it their duty to caution the scripholders
against any such specious and delusive proceedings.
There Is not a railway Bill before Parliament whose prospects are
more sound and cheering than that of the Exeter, Yeovil, and Dor-
chester Company ; the Shareholders have a positive guarantee of
five-and-a-half per cent from the South-Western Railway Com-
pany in perpetuity, thus ensuring a profitable and certain return to
the Shareholders. It is a measure of the highest national import-
ance, as effecting the best and most direct route between London and
Exeter, as well as between Dover, Portsmouth, Plymouth, and Fal-
mouth ; and is highly appreciated by the populous and agricultural
districts through which it will pass.
The Bill has already passed the Standing Orders' Committee, has
been read a second time, and is appointed to be heard on its merits in
the week beginning on the 4th of May.
The Exeter and Exmouth Railway, being an extension of the
Exeter, Yeovil, and Dorchester, and running for two miles over its
trunk, has already received the unanimous sanction of a Committee
of the House of Commons on the merits, the Committee, at the same
time making that sanction contingent on, and in anticipation of, the
success of the Exeter, Yeovil. and Dorchester Railway. Under these
auspicious circumstances, the Committed entertain the strongest con-
fidence of carrying this Bill triumphantly through Parliament.
The Committee of Management will take the earliest opportunity
of convening, by public advertisement, a meeting of scripholders, in
pursuance of the sessional order of Parliament, when a copy of the
Bill will be submitted for their consideration and approval, with a
full statement of the affairs of the Company.
(Signed) JOHN CLENCH, Secretary.
33, Parliament-street, Westminsfer.

FREE EMIGRATION to SOUTH AUS
TRALTA, via SOUTHAMP TON.
FIRST-CLASS SHIPS, of large tonnage, and with the best ar-
rangements and equipments, will embark Passengers in the Docks
at Southampton, on the 28th of May, for ADELAIDE, SOUTH
AUSTRALIA ; and subsequently, on fixed days in each month.
The undersigned are authorised, by her Majesty's Colonial Land
and Emigration Commissioners, to grant a FREE PASSAGE by
these ships to this healthy and eminently prosperous colony, to
agricultural labourers, shepherds, male and female domestic and
farm servants, miners, and mechanics of various trades, of good
character.

The demand for labour in the colony is urgent, with remuneration
ensuring the comfort of every well-conducted man and lus !tunny.
Steerage passengers not eligible for a free passage, will be taken
at 16/. each, including new bedding, mess utensils, bags for clothes
&C., which will belong to the passengers at the end t f the voyage.
_ _

A surgeon, appointed by Government, will be on board each
ship, and the days of embarkation will be strictly adhered to.
. .

All particulars may be obtained on application to JOHN mArz
SHALL and Co., Emigration Agents, 26, Birch'n-lane, Lom'on; 79,
High-street, Southampton ; or at the Emigration Depot, Plymouth.

PUBLICATIOAS.

Now read, in 2 vols.
THE BLACK-GOWN PAPERS.
By L. MARIOTTI.
Also, by the same Author, new Edition, 2 vols., 145.,
ITALY, PAST AND PRESENT ;
Its History, Religion, Politics, Literature, and Art.
Wiley and Putnam, 6, Waterloo-place ; and all Booksellers and
Libraries.

V PAPER, starting with his DERBY PROPHECY, ---
OCIETY OF PAINTERS IN WATER
COLOURS.

The NORTY-SECOHD ANNUAL EXHIBITION WILL OPEN
at their Gallery, 5, Pall-mall East, on Monday, April 27. Open from
Nine till Dusk.

Admittance, One Shilling. Catalogue, Sixpence.
J. W. WRIGHT, sec.

Novelties of extrem,. interest and inforardion at the
ROYAL POLYTECHNIC INSTITUTION
Scenes in the OREGON TERRITORY form a part of an en-
tirely NEW SERIES of DISSOLVING VIEWS. PORTRAITS of
the most Distinguished Men in the SIKH GOVERNMENT and
ARMY of LAHORE, magnified by the OPAQUE MICROSCOPE ;
also, Portraits of Sir Henry Hardinge, Sir Robert and Lady Sale. The
PRY SIOSCOPE and CHROMATROPE, with new and beautiful
variations. The most interesting of the Novelties at work are
MACINTOSH'S ROTARY ENGINE, COLEMAN'S PATENT
LOCOMOTIVE ENGINE for ascending and descending Inclined
Planes, FARRELL'S ARCHIMEDIAN RAILWAY. an ENVE-
LOPE CUTTING MACHINE, WOOD'S NEW PATENT STEAM-
ENGINE GOVERNOR, and the ATMOSPHERIC RAILWAY.
Experiments with the DIVING BELL and DIVER. Lectures on
CHEMISTRY and NATURAL PHILOSOPHY, with' brilliant ex-
periments.

Admission, Is. ; Schools, Half-price.
A brief Description of the Oregon Territory, from Notes by a Nine
Tears' Resident, presented to the Visitors.

NEW CLUB.—Candidates desirous of being
included among the original members of the BRITISH AND
FOREIGN CLUB, now formed, under the auspices of the Earl of
Devon, Lord Metcalfe, Sir George Larpent, Mr. Benjamin Bond
Cabbell, and others anxious to facilitate the intercourse of foreigners
of distinction with English society, and to afford to country gentlemen
and their families visiting London the advantages of an agreeable
home, are informed that the CLUB will be OPE.NED early in May ;
and that a List of the Committee and of the Members at present en-
rolled, 'may be obtained at the British and Foreign Institute, 13,
George-street, Hanover-square.

BRITISH HOTEL, COCKSPUR-STREET,
C HARING-CROSS.
H. BRIANT respectfully informs Noblemen, Gentlemen, and
Families, that he has taken the above Hotel, every part of which
has been renovated and greatly improved.„ H. B,beu_to assure
those who may honour him with their patronage that every at-
tention shall be paid to their comforts, and his charges strictly
moderate.

The British Hotel is pleasantly situated, being near the Houses of
Parliament and the Theatres, and is easy of access from all the
different Railway stations. This Hotel contains Rooms suitable for
Committees and Public Meetings.

THIRTY POUNDS REWARD.
CAUTIOK TO BANKERS AND OTHERS.
.OST in MANCHESTER between the hours
A.A of Twelve at noon and Five In the afternoon, on TUESDAY, the
Ist day of April, 1845, a 5001. BANK of ENGLAND NOTE, dated
London, January 12, 1844—T F 94,911, Parkin*, 5001.—payment of
which Is stopped.

The above reward will be paid upon restoration of the Note to Mr.
Richard Remick, Chief Superintendent of the Manchester Police,
at the Town-hall, Manchester ; or to the—Superintendent of the City
Police, chief offices, Old Jewry, London.
Manchester, April 18, 1846.

NATIONAL LOAN FUND LIFE ASSUR-
.A..NE SOCIETY,
26, CORNIIILL, LONDON.
capitauetoo,ooo.
Empowered by Act of Parß.:anent-
This institution ours important and substantial advan-
tages with respect both te Life Assurances and Deferred Annuities.
The asszzed has, on all oczasions, the power to borrow, without ez-
pence or forfeiture of the Polley, two-thirds of the premium paid,
(see table); also the option of selecting benefits.
Of hi. 4 interests to meet other converd'inces et* necessity. Assurances
for terms of years are granted on the lowest possible rates.
DIVISION or POFIV. and the conversion
The success and increasing
annual
ti toe society has enabled
the Directors, at the last annual investgation, to declare a third
Bonus, varying from Zit) to 75 er cent. On the premiums paid CO
,ach Polley effected on the Pro2t scale.

EXAMPLES.

0 g
V ~
id
5..:.9
4- Premium. , ~.4
Bonus Benas in
W I added. cash. mri E,
. oµ

OP.
ra,g C.
0 Wtt.
Vt:r
. 16'

£ s.d. 1837 £l9l 13 SlkB7 13 51£13 17 1
1600.1 71 3 4 1838, 165 13 Oi 74 13 101 11 8 6
1839; 13 61 61 14 3 9,2 10
1840' 199 OOl 41 13 4i 6 0 0

€395 11 1
346 2 3
292 13 4
247 4 5

The d;vision of profits is auniuti, and the next will be made in De-
cember of the present year.

P. FERGUSON C.4.3iROUL See.

RAILWAY BILLS.
The Bill introduced by Lord Dalhousie completes the Go-
vernment measures, which is partially set forth in the res -
lotions of both Houses, and gains additional stringency by
the subsidiary resolutions of Mr. T. Duncombe.The Go-
vernment " resolutions," as proposed by Sir R. Peel and Lord
Dalhousie, merely define the conalitions to be observed before
either House will proceed with the consideration of a railway
project, while the Bill now brought into the House of Lords
enables the shareholders to wind up their affairs, giving them
a power hitherto possessed by corporate bodies alone. To
this distinction we called attention the other day, but we
refer to it again, as it has been no uncommon mistake in the
City to confound the two parts of the measure, that is, the
resolutions and the Bill, with each other. We may also take
the opportunity of correcting an erroneous impression (pro-
duced by a verbal error) as to the
,qualifications required in
a scripholder by the " resolutiorls. Ills scrip must have
been issued, or the deposit paid upon it, before the end of
March, and it is not necessary to comply with both these con-
ditions.

In taking the opinion of the scripholders as to the expe-
diency of continuing or winding up, precisely the same prin-
ciple is adopted in the new Bill and in the " resolutions,"
excepting that in stopping a Bill in its progress through the
Legislature the mere silence of the scripholders will be suffi-
cient, whereas to dissolve a company, an especial meeting
must be called. In both cases, where an appeal is expressed,
whether in the negative (as required by the Bill) or in the
affirmative (as required by the resolutions), a third of the
stock represented at a meeting will constitute a quorum, and
a majority of three-fifths of the stock so represented will be
required. _

While the prospect of recovering part of the deposits is
thus opened to a number of persons who have heedlessly em-
barked in schemes from which they now expect no remune-
ration, it is natural enough that an anxiety to get as much as
possible out of the wreck should be expressed. Thus, we
have heard a suggestion that the bills of solicitors, engi-
neers, and other 'parties employed in railways should be
taxed, on the winding-up of a company, just as costs are
taxed in the cases of bankruptcy.
The relief which is felt by the removal of a large impend-
ing weight from the money market seems to be felt even at
this early stage of proceedings. The discount houses hare
already, in some degree, relaxed their rate of interest, and
money may be considered a degree easier. To form some
notion of the effect which the mass of new schemes would
have produced on the circulation of the country, it may be
observed that the unpaid calls on the railways that have
already obtained their Acts of Parliament (including some old
lines) approach in amount to the enormous sum of
50,000,000/. When all these calls will be made—or whether
they will ever be made—is, of course, uncertain ; but, at all
events, the figure exists as the representative of a huge
quantity of liability, which certainly would not bear a large
increase.

As many persons have expressed curiosity as to the profits
of the Accountant• General on the investment of the railway
money, a statement officially made in the Parliamentary re-
turn referred to yesterday may be found interesting. That
portion of the money paid into the hands of the Accountant-
General during last session, which was afterwards invested,
was 56,2001. The whole amount charged as commission on
the purchase of securities was 4591. Ils. 5d., of which
2751. 4s. 10d. was received by the Accountant-General, and
the rest by his broker. It need hardly be said that much
larger operations have taken place since this period—namely,
during the months of January and February in the present
year.— Times.