The Sun.
London, England, 1851-08-22 00:00:00

tONDON, - FRIDAY EVENING SU 9 AUG UST 291

N° . 18,382,]

31IDLAN'D .RA.IL WAY.
_IL At the FIFTEENTH HALF.YEARLY GENERAL MEET-
ING or the Proprietors 01 the 'Midland Railway Company, convened
by the Directors in pursuance of the Company's Act of Incorporation,
he'd :it the Railway Station, Derby, on Wednesday, the 20th day of
August, 1851,
JC.):11,1 ELLIS, Eq., M.P., Chairman o! the 13)ard of Directors, In

the Chair,
It was resolved,—That the common seal of the Company be af-
fixed to the register bo .k of shareholdels. (The seal was atllsed ac-
cordingly is the presence of the meeting.)
Resolv4l,—That the report of the Directors now read, and the re-
co, nmendations therein contained be received and adopted, and that
cohe same be printed, and a o y sent to each proprietor.
Ifesolvcd,—That A Divide , I hereby declared of 11. ss. upon each
1011. Midbind Consolidated -,ck ;of 3/. up in each 100/. Consoli-
dated Preferential Stock ; of I Is. 31. u,,on each 1081. of the Consoli-
dated I;irmingham and Derby took;.- Be. 4d. upon 33/. 6s. 81., part
of the amount paid up on each 501. share; and 9d. upon 11. 13s. 4d., the
remainder of th.') amount paid up on each 501. share (being the pre-
ferential dividend at 4/. 103. per cent. per annum on such remainder);
and 1/. 10.. nnon each Erewash Valley Share, to be payable on the
2d of September.
Resolved, --Inat a Committee of Five Shareholders (each poisess-'
mg Two Tho'isand Pounds Stock or Shares in the Company) be ap-
pomted to be an Audit C en nktee, whose duty it shall be to meet in
the moth of January next, in order to recommend to the first Half-
yearly Me, ting in tine year a person in their epinion s 'Rabic to be
appointed as Auditor, in the room of the gentleman who will retire
by rotati .n at that meeting.
Resolved,—That such Audit Committee consist of the following
gentlemen:—

Mr. Edward Baines, Leeds.
Mr. David Malines, Birmingham.
Mr. George Maxwell, Liverpool.
Mr. Geor;;e Chambers, Sheffield.
Mr. John Heard, Nottingham.
It was moved by the Rev. Cissates Joior Mrias and seconded by

Mr. FRANCIS ASHTON,—
That this meeting entirely d.sapproves of the present absurd and
reckle.s competition between the London and North-Western and
Midland Companies on the one hand and the Great Northern on
the other, and request the directors of the Midland Company imme-
diately to discontinue it as far as they are concerned, and to desist
from carrying passengers at prices which are net fairly remune-
rative. _ _

The following amendment was moved and seconded :-
That the question of competition with the Great Northern Com-
pany be left altogether with the directors.
The amendment was put and carried by a show of hands almost
unanimously.
The meeting was afterwards made special for the purpose of con-
sidering and determin; ng on the propriety of dividing and convert-
ing the 501. Shares in the -Midland Railway Company into two
Shares, one of the nominal value of 331. 6s. Bd. and the other of the
noirfnal valub of 161. 13s. 4d., under the provislont ofjlie Mi•lland
Railway (Capital) Act, 1551, and of making each orders and giving
such directions thereon as might be thought prbper.
Resolved,-That It is hereby ordered and directed that when and
so soon as any Proprietor of any of the SW. Shares legalized by t',e
" Midland Railway Capital Act, 1851," shall have paid up the sum
of 351. in respect of any such Share held by him, and shall also
have paid up the call of 31. 6s. Bd. per share made there n on the 19th
day of August, 1851, such Share shall be divided and converted into
two Shares, one of the nominal value of 331. es. Bd., and the other
of the nominal value of 161. 13s. 4d., in respect of which Share of
161. 13s. 4d. the sums of 1/. 13s. 4d. and 31. Gs. Bd. shall then ba taken
and considered as having been paid, and thereupon each such Share of
.i3l. 6s. Bd. shall be converted into stock, and be added to and become
part of the Consolidated Stock of this Company.
Resolved,-That when any of the 501. Shares, which are legalized
by the Midland Railway Capital Act, 1851, shall be dividad under
that Act lato two Shares, the proprietor of the 161. 13s. 4d. Share
shall thenceforth be entitled to the whole of such preferential
dividend as may be payable under that Act in respect of the 50/.
Share from which it is derived, and the Proprietor of the 331. 6s. I.
Share shell thenceforth be entitled to such dividend in respect of the
sum of 33!. Gs. Bd. as the holder of such 501. Share is by the same
Act declared to be entitled to, such Proprietor of the 16/. 13a. 4d.
Share being liatle to the payment of all future calls is respect of
such 16/. 13s. 4d. Share.
The Meeting was again made Special, for the purpose of con-
sidering a Requisiton which had been served upon the Directors of
tke Midland Railway Company by certain Shareholders, requesting
the D rectors to give notice that at the next Half-yearly Meeting of
the Proprietors it would be proposed to discontinue the practice of
allowing the free pasaige of Proprietors along the lice to attend
General and Special General Meetings.
It was moved by Mr. llE:cav CLAY, seconded by Mr. Ancniaaab

POLICIES ONCE ISSUED ARE INDISPUTABLE.
ENGLISH AND CAMBRIAN LIFE ASSIT•
-RANCE SOCIETY,
9, BRIDGE-STREET, Blackfriars, London.
TRUSTEES. _ -

M. Murray, Esq. Isaac liaise, Esq.
W; Whitelock, Esq. I Daniel Ware, M.D.
"Declined" Lives assured at equitable rates.
Loans granted on undoubted security of every description.
Annuities and Endowments on most advantageous terms.
D.vision of Profits—Four-fifths to the Policyholders, and one-fifth
to the Shareholders.
Credit given for half the premium for the first seven years.
Medical practitioners liberally remunerated for their reports.
Liberal Commission to Solicitors and others on introduction of
business.
Prompt payment of all claims.
Proipectuses, with the report, can be obtained from
CHARLES W. BEVAN. Resident Manager and Actuary.

TrflE PROVIDENT CLERKS' MUTUAL
)1... LIFE •ASRURANCE ASSOCIATION (enrolled under the
Friendly Society's Acts) and BENEVOLENT FUND.
Established 1840.
TRUSTEES.
Thomas Baring, Esq., M.P. IW. G. Prescott, Esq.
Thomson Hankey, Jun., Esq. I Baron L. de Rothschild, M.P.

TBEASUBER OF THE BENEVOLENT FUND.
John Abel Smith, Esq., 31. P.
This Association offers the following advantages
The Mutual Principle of Assurance.
An Equitable Rate of Premiums.
Division of Profits every'flve years on Policies of three years'
standing,land by a recent alteration of the rules, nine-tenths thereof
are divisable amongst the assured, in place of two-thirds as formerly.
The last Division of Profits up to the 31st December, 1847, ave
raged 33 per cent.
All Policies Indisputable, except in cases of fraud.
LOANS to MEMBERS on security of their Policies to the full
extent of their estimated value.
The suin assured may be MADE PAYABLE to the WIDOW,
WIDOWER, or CHILDREN, FREE of PROBATE or LEGACY
DITTY, or ANY CHARGE WHATEVER.
By order of the Board,
P. H. BYRNE. Secretary.
42, Moorgate-street, London, July 30, 1851.
N.B. Clerks becoming Members by an Assurance of 1001. or up-
wards, and subscribing 3s. annually, or by an annual subscription of
one guinea, are entitled to all the important advantages of the Be-
nevolent Fund.

Established IStl.
31EDICAL,IFINVE. FALEID,, 25, :r Al ND GENERAL
L-mall.
During the Ten Years this Society has been established, Wore than
Three Thousand Two Hundred Policies have been Issued,—
Covering Assurances to the extent of Thirteen Hundred Thousand
Pounds,—
Yielding Annual Premiums amounting to upwards of Fifty•three
Thousand Pounds.
This Society is the only one possessing Tables for the Assurance of
Diseased Lives.
Healthy Lives assured at lower rates than at most other offices.
A Bonus of 2 per cent. per annum was added to the policies at last
Division of Profits.
Agents wanted.
Prospectuses, Forms of Proposal, and every other information may
be obtained of the Secretary at the Chief Office, or on application to
any of the Society's Agents in the country. - • -
F. G. P. NEISON, Actuary.
C. DOUGLAS SINGER, Secretary.

UNITED KINGDOM LIFE ASSI
COMPANY.
Established by Act of Parliament in 1834.
8, Waterloo-place,Pall.mall, London; 97, George-street
12, St. Vincent-place, Glasgow; 4, College-green,
The bonus added to policies from March, 1834,
'iecemioer, 1847, is as follows:

'RANCE

4 Edinburgh;
Dublin.

to the 31st

Sum Sum
Time addedto
Assured.
tssured.l
IPolicy inla4l

Sum addedto
Policyin 1848

ISum payable
at Death.

------,
£5OOO 113 years 10Inths'
5000 1 year
1000 ,12 years
1000 1 7 years
1000 1 1 year
500 12 years
500 4 years
500 Iye tr

£63a 6 8

£787 10 0
112 10 0
157 10 0
157 10 0
22 10 0
78 15 0
45 0 0
11 5 0

£6470 16 II
5112 10 0
1257 10 0
1157 10 0
1022 10 0
628 15 0
545 0 0
511 5 0

100 0.•0

TRAVELLERS and VISITORS to the SEA-
COAST would do well to provide themselves with a bottle of
Rowlands' Aqua d'Oro. This fragrant and spirituous perfume re-
freshes and invigorates the system daring the heat of summer, and
will be found an essential accompaniment for the opera, the public
assenVily, and the promenade. In all cases of excitement, lassitude,
or over exertion, it will prove of great advantage taken as a bever-
age, diluted with water. Price 3s. 6d. per bottle.
ROWLANDS' RALIDOR
will also prove a most refreshing preparation for the complexiOn,
dispelling the cloud of langour and relaxation, allaying all heat and
irritability, and immediately affording the pleasing sensation attend-
irg restored elasticity and healthful state of the skin. Freckles, Tan,
Spots, Pimples, and Discolorations are effectually prevented and era-
dicated by its application ; and in cases of sunburn, stings of insects,
or incidental inflammation, its virtues are universally acknowledged.
Price 4s. 6d. and Bs. 6d. per bottle.
Sold by A. ROWLAND and SONS, 20, Hatton-garden, London ; and
by Chemists and Perfumers.

G'NERAL ELECTION.
THE MEN OF THE PEOPLE.
Few are prepared for a general election, and yet the on dit is, that
the present Parliament is not to meet again, consequently a few who
think they are alone n the secret, are quietly, but very earnestly,
canvassing their constituents, in a friendly way, not as it they
were in any alarm about their seats, but simply exhibiting an
officious attention, as if they were desirous of serving all the people
they call upon in the metropolis—one name absorbs all the interest
—not exactly for a seat in Parliament, because their ambition has
always pointed to another office. But it the whole population of
the metropolis were polled to-morrow, Messrs E. MOSES and SON
would be voted the chettest, the best, the most extensive Clothiers,
and the greatest benefactors in the kingdom to all classes. In the
field they choose to occupy, they were reformers. Through their
exertions, and the employment of their talent and capital, the price
of Clothing, which was a complete bar to the well dressing of all
persons of limited income, was reduced one-half, which
brought it within the means of even the humble classes, who can
now dress respectably out of business, and creditably in it ;
I for they not only procure things cheap, but durable;
in fact, Messrs. E. Moses and Son have so completely laid them-
selves out with their immense staff of the first designers, fitters,
ousters, and workmen In Europe, for the supply of rich and poor,
exalted and humble, fashionable and plain, that they are not men
for a class, but men et the people. By employing a capital that
would buy up the productions of half the factories, they command
the markets, and the public have the benefit of their cheap pur-
chases, for their profit has always been uniformly small, because
they hare preferred to sell a hundred suits to any body else's one,
and gain by numbers what others unfairly gain by exorbitant profits.
Messrs. E. Noses and Son hare every garment made of the best
material of the kind—they mark every article with their unvarying
price, in figures which everybody can understand ; and if any one
should feel dissatisfied after purchasing, they receive back the
article and return the money. Their noble Mart, at the corner of
Aldgate and the Minories, is thrown open to the public, whether
purchasers or not, and they invite the visitors in London to inspect
the first stock in the world. Nor is their West-end branch less at-
tractive, in New Oxford•street, :corner of Hart-street. At bath
these places there is such an assortment of Sportsmen's Dresses,
from head to foot, as was never seen elsewhere, comprising every
article desirable for the river and the field, light, strong, and
weather-proof.

MISS JEWSBURY'S NEW NOVEL.
Now ready at all the Libraries, in 3 vols.,
M ARI AN WITHERS.
By GERALDINE E. JEWSBURY.
Author of " Zoe,"Lw The Half Sisters," &C.
Also
2. The TUTOR'S WARD. By the author of "Wayfaring Sketches."
3. Mrs. MABERLY'S "LADY and the PRIEST."
4. Lady PONSONBY'S "CL ABBEY."
5. Captain :VILMA:VS "ARTHUR CONWAY."
G. Admiral FISHER'S "RALPH RUTHERFORD."
7. CALEB FIELD. By the author of "Margaret Maitland."
Colburn and Co., Publishers, 13, Great Marlborough-street.

INCOME-TAX COMMITTEE.
(The evidence of Joseph Timm, Esq., continued from
The Sun of Saturday.)
Mr. T. BARING—The return in relation to sche-
dule (C) includes the portion of the dividends upon
public funds which is payable in Ireland ?—Persons
residing in Ireland are exempt from that tax in re-
spect of the dividends on the funds paid to them in
Ireland.

Do you suppose there are any evasions in that re-
spect to any considerable amount ?—I have no means
of knowing what those evasions might be.
Are there no means of preventing evasions which
you could suggest ?—There are means provided by
the Act itself, and I am not aware of any other that
I could suggest.
Would it not be a check supposing the same system
was adopted by the Bank of Ireland which is adopted
by the Bank of England, of deducting first the in-
come-tax, and leaving the claimants to prove their
right of exemption ?—lt certainly would be a means
of preventing evasion, but I apprehend that the par-
ties who in that case are chargeable are compara-
tively few, and therefore you would impose on many
a great inconvenience for the purpose of getting the
tax from a few.

You think that there are only a few who would be
liable to income• tax if the Income-tax Act was strictly
in force ?—I think that few persons receive their di-
vidends in Ireland from the funds, who are not resi-
dent there ; those who are resident there are not
chargeable.
The whole amount of dividends paid in Ireland
upon the public debt is stated to be 1,436,491/.,
and the amount returned as liable to income-tax,

106,3091.; have you any means of ascertaining whe-
ther that is a proper return ?—No; I am not aware
of any means except those provided by the Aot of
Parliament, to which I will refer.
Mr. DISRAELI—What 'are the means provided in
the Act of Parliament ?—By the Act 5 and 6 Vic.,
c. 35, a. 90, it is provided that persons receiving divi-
dends payable by the Bank of Ireland, on behalf of
persons not resident in Ireland, shall deliver a decla-
ration that they receive them on behalf of persons not
resident in Ireland.

Mr. VESEY—Am I to understand from that, that a
person resident in England, who receives dividends
from the Bank of Ireland, is liable to income-tax,
even though the amount of those dividends is not
transmitted to England ?—Yes ; a person resident in

England.
And he is liable to a penalty if he does not make a
return ?—lt does not appear that there is any penalty
provided if you go to Ireland and receive them in

person.
Mr. RICARDO—In England we get our dividends
from the Bank, less the income-tax ?—Yes.
If I had Irish stock, would my income-tax be de-
ducted before I received my dividend ?—Not if you
received it there in person, unless it were known that
you were not resident in Ireland.
I suppose the stock to stand is my own name ?
Describing you as resident in England?
Describing me as resident in England ?—ln that
case it would be the duty of the Commissioners for
assessing the income-tax on the funds in Ireland, to
assess you in the same manner as in England.
Whoever receives it ?—Just so. _ _ .

Mr. J. WlLsoN—But would it be deducted by the
Bank on payment of the dividend, or would it come
for assessment under schedule (D) ?—lt would be
deducted by the Bank.
Is there a provision for that ?—Yes.
CHANCELLOR, of the EXCHEQUER—Have the good-
ness to look at the return before you, to which you
have been previously referred, and state the amount
of stock on which the dividends are assessed under
schedule (C) in Ireland ?—" Amount of dividends
assessed under schedule (C) in,the public, funds in
Ireland, 106,3091."

CHAIRMAN—For what year ?—The year ended the
sth April, 1549.
Mr. T. BARlNG—Schedule (B) includes all sale.
ries ?--Yes.

Do the salaries of Government officers pay income-
tax in Ireland P--The income-tax is chargeable unless
in the case of an office the duties of which are neces-
sarily performed by a person resident in Ireland.
The Lord-Lieutenant pays no income-tax, then ?

The Secretary for Ireland pays no income-tax ?
—No.
Mr. J. WiLsoN—ls not the distinction, salaries
which are paid in Ireland; is there any income-tax
charged,upon public salaries, if they are piid in Ire-
land ?—Yes ; although paid in Ireland, unless the
salary was paid to an officer whose duties required
his permanent residence in Ireland, it would be
chargeable.
Is any public salary paid in Ireland except for an
Irish officer ; is not the distinction that it is paid in
Ireland from the Irish Exchequer ?—Yes.
Alr. T. BARlNG—Schedule E includes salaries and
pensions, and I find by the return which has been
alluded to, that the amount upon which the income-
tax is paid is 82,7321., yielding 2,413/. ; can you ex-
plain to the Committee what are the class of salaries
that really pay income-tax ?—No, I cannot.
CHANCELLOR of the EXCHEQUER—AII Govern-

ment officers, such as the army and ordnance, serving
temporarily in Ireland ?—Yes.
Mr. T. BARlNG—Therefore the officers of the army

employed in Ireland pay income-tax ?—They do.
The civil officers do not pay income-tax ?—Not if
they be permanently resident in Ireland.
Mr. Disuazu—ls the Chief Secretary paid from
the Irish Exchequer ?—I do not know.
Lord IL VANE-If the Chief Secretary for Ireland
were an Englishman, would he in that case pay in-
come-tax upon his salary as Secretary for Ireland ?
Ile is usually a Member of Parliament ; that would
exempt him.
He might be an English Member of Parliament,
and with a residence in England ; would he be liable
to pay income-tax upon his salary as Secretary for
Ireland?—Not if he were in lingland, only in atten-
dance on Parliament, or, I think, with the sanction of
the Lord-Lieutenant.

Mr. Hoitsmex—Will you turn to the exemption in
clause 148 ?—" Nothing herein contained shall extend,
or be construed to extend, to charge any person resi-
dentin Ireland with the duties contained in the said
Schedule Ein respect of any public office or employ-
ment, the duties whereof are necessarily and perma-
nently performed in Ireland."
Mr. RICARDO—WouId a staff officer in Ireland pay
duty there ? I should think that be would. The
same exemption is given under the property and in-
come-tax as is given from the assessed taxes. By
All -
the 52 Geo. 111., c. 93, Schedule per
sons having ordinarily resided in Ireland before
the commencement of the session of Parliament,
in the 52nd year of the reign of his present
Majesty, and being Members of either House of the
Parliament of the United Kingdom, whether on the
part of Ireland or for any place in Great Britain ;
and all persons who shall hereafter be Members of
the said Parliament as aforesaid, and who shall have
ordinarily.
iu Ireland previous to the com-
mencement of the session of Parliament in which
they shall respectively serve in Parliament; and all
persons having ordinarily resided in Ireland as afore-
said, or who shall hereafter be ordinarily resident
therein, and now holding, or who shall hereafter
hold, offices of public employment in Ireland, and are
now residing in Great Britain, or who shall here-
after reside in Great Britain, with the approbation,
or.by the order of direction of the Lord-Lieutenant,
or other Chief Governor or Chief Governors of Ire-
land for the time being, or of his or their Chief Se-
cretary for the time being, and which shall be certified
under the hand of the Lord-Lieutenant, or Chief Go-
vernor or Chief Governors, or his or their Chief Se-
cretary, to be therein resident for the purpose of as-
sisting in the execution of public business, shall be
wholly discharged and exempted from the duties set
forth in the schedules of this Act annexed, marked
(C), (D), (E), and (G), provided that this exemp-
tion shall not extend to any person ordi-
narily resident in Ireland as aforesaid, being
a Member of either House of Parliament of the
United Kingdom, who bath resided, or shall reside,
in Great Britain longer thanduring the session of Par-
liament, and 40 days before and 40 days after each
session, nor to any article on which a duty is by this
Act made payable, which shall be retained, kept,
employed, or used by such person in Great Britain,
during the residence of such person in Ireland ; pro-
vided also, that this exemption shall not extend to
any person ordinarily resident in Ireland as aforesaid,
holding an office or public employment in Ireland,
unless the approbation in writing, or such order or
direction of the said Lord Lieutenant or other Chief
Governor or Chief Governors of Ireland for the time
being, or of his or their Chief Secretary for the tim. e
being, and a description of the place for
the in
Great Britain of the persons respectively holding
such offices or employment shall have been, before the
passing of this Act, delivered into the office of the
Commissioners for the affairstof taxes in Somerset-
place, or shall be so delivered within 20 days after
the passing of this Act, with respect to persons then
in Great Britain, or within 30 days after the arrival
.
in Great Britain of
. such
.persons respectively who
ki this exemption, be
shall thereat
hretafatepruarrreolvsele,
of
citira ; provided also, that no person
iir..
deemed to he inclutarily nudent unless be