The Sun.
London, England, 1851-03-10 00:00:00

BRISTOL GREAT LEATHER FAIR, MARcit 7.

street.

At this fair, the largest in the kingdom, which commenced
on Tuesday and finished to-day, there was a large attendance
from various parts of the country, and the leather trade gene-
rally presents a healthier appearance than for many years past.
The accumulated stocks have been cleared off at constantly im-
proving prices, and a continuance of the present satisfactory state
of the trade is strongly anticipated. A very large amount of busi-
ness was done at the lair at full prices. In sole leather, prime
heavy foreign butts were in fair demand; the supply of light
and middle weight English and foreign butts was limited.
English and foreign shoulders were in request, and offal of all
descriptions met a ready sale at advanced quotations. In
dressing leather, beat saddlers' bides and strong harness bides

were in fair request. Kips and basils met a ready sale at our
quotations. In curried leather there was a good demand for
all descriptions. It is not thought that hides will decline in value
for some few months, the supplies coming from the shipping
ports in South America not being large. The following are the
quotations of prices realized at the fair : -Crop hides, 311 b.
to 351 b, average Bid to 9P per lb; ditto, 401 b to 481 b,
10d. to 12d. ; ditto, 501 b. to 601 b., average I2d to 14d;
foreign hides, 301 b. to 351 b., average Bd. to 9d. per lb. ; ditto,
401 b. to 451 b., 9d. to 10d. per lb. ; English butts, 161 b. to 201 b.,
average 11d. to 13d. per lb.; ditto, 221 b. to 261 b., 12d. to
14d. ; ditto, 281 b. to 301 b., 14d. to 15d. ; ditto, 341 b to 361 b.,
15d. to 161. ; foreign butts, 161 b. to 20b., average 11d. to
13d. ; ditto, 221 b. to 251 b., 11d. to 130. ; ditto, 281 b. to
321 b., Ild. to 140. ; ditto, 351 b. to 401 b., 11d. to 15d. ; en-
gine butts, 11d. to Isd. ; best saddlers' hides, 371 b. to 501 b.,
average I Id. to I3d. ; harness hides, 381 b. to 421 b., average
10W. to 12d. ; best shaved hides, 181 b. to 231 b., average 14d.
to 17d. per lb.; common shaved hides, 221 b. to 271 b., average
10d. to 12d. ; shoe hides, 2016. to 231 b., average tip. to 9d. ;
common hides, 271 b. to 301 b., average SP. to 10d. ; ditto,
321 b. to 381 b., 9d- to 10d. ; Welsh hides, Bid. to 9d. per lb. ;
best bull hides, 90d. to 91d. ; common bull hides, Bd. to Bid. ;
English horse hides, sd. to Bd. ; Welsh, sid. to Bd. ; German,
Bd. to 10d. • Spanish, Bd. to 1.2 d. ; horse butts, 70. to 9,1. per
lb; calf skins (best pattern), 561 b to 6816, average 17d to
19d per lb ; ditto, rounded, 19d to 20d ; ditto, 451 b to 551 b,
average 13d to 16d; date, 561 b to 651 b, 16d to 17d; ditto,
801 b to 100 lb, 13d to 16d ; ditto, 1001 b to 1201 b, 12d to I3d ;
ditto, 3db to 361 b, 12d to 14d; Irish skins, lld to 14d;
Welsh skins, 271 b to 3516, average, 10d to lld per lb; ditto,
381 b to 401 b, 1 lid to 12d; ditto, 4016 to 451 b, 12d to 13d;
ditto, 451 b to 501 b, 13d to 14d ; ditto, 521 b to 561 b, 14d to
15d; kips (English and Welsh), lld to 15d per lb; fo-
reign kips (St. Petersburgh ), from 81b to 141 b, average
14d to 16d per lb; ditto, 91b to 101 b, I4d to 16d; East
Indian, 9d to 17d per lb ; seal skins, small, 18d to 20d
per lb ; middling, 14d to 15d ; large, Bcl to 12d ;
basils, 5d to Ild per lb offal ; foreign bellies, 5d to 7d
per lb; foreign shoulders, 7d to 9d; dressing hide bellies,
6d to 7d ; dressing hide shoulders, 8d to lld ; dressed
kipp butts, 13d to 26d per lb ; dressed shoe butts, 12d to
15d ; white sheep skins, 5s to lOs per dozen ; Bristol mar-
ket hides, 2d to 3d per lb ; Bristol market skins, 2d to 4d ;
salted 8.. A. M. V. and R. G. hides, 4d to 4itl; dry B. A.
M. V. tttsd R. G. hides, 5d to 70 per Ib; salted North
Aniericutisides, 244_ to 30; ditto CalletidessAtttot.4cl;
heavy salted Irish hides, 20 to 24d ; ditta ht;2.dltelgist,
salted Spanish horse hides, Sc to 6s 6d per h' ; dry Germin
horse hides, 5s to 6s ; salted Irish horse hides, 4s to 5s ; dry
St. Petersburgh kips, 8d to 9.1 d per lb; dry 'East India kips,
3d to 7d ; salted Irish kips, 2d to 2d ; salted Irish veal skins,
4id to 5d ; ditto calf skins, 2d to 3d. Bark, in the long rind,
41 to 6/ per ton ; batched, 61 to 61 10s; valonia, 121 to 161 10s ;
Sicily shumac, 14s to 16s per cwt. Glue pieces, fleshed, 28s
to 35s ; unfleshed, 20s to 255. Ox horns, 38s to 43s per 1231 b;
cow horns, 15s to 20s.

THE LONDON GAZETTE, March 7.
DIVIDENDS.
At the Court, Basinghall-street.
J. Hunt, Brantford Butts, Middlesex, builder, March
28, at half-past eleven—G. Hobbs, Newport, Isle of
Wight, tailor and draper, March 28, at half-past eleven
—R. Jacques, Tottenham-court-road, wax and tallow-
chandler, March 31, at twelve—W. Lawrence, Ealing,
grocer and tea-dealer, March 31, at half-past twelve—
J. Young, T. Bracken, G. Ballard, J. C. C. Sutherland,
and N. Alexander, Calcutta, merchants, March 28, at
half-past one—M. Lopez, Crutched-friars, wine mer-
chant, March 28, at twelve—W. McLeod, Coleman-
street-buildings, merchant, March 28, at eleven—J. F.
Harrison, New Broad-street, wine merchant, March 31,
at twelve—J. Edwards, Upper Stamford-street, Black-
friars, corn merchant, March 28, at twelve—J. B. Pillin
and G. A. Pillin, Featherstone-buildings, Holborn,
sword-cutlers and belt-makers, March 28, at one—M.
Rowlandson and L. Rowlandson, Whitechapel4oad,
drapers and upholsterers, March 28, at twelve—J. Arun-
del!, Titchfield, Southampton, brewer, April 1, at one—
G. R. Galloway, St-. John-street, brush manufacturer,
April 5, at twelve—A. L. Bensusan and J. Brandon,
Walbro,k-buildings, City, merchants, April 1, at eleven
—B. Billings, Harlow, Essex, victualler, April 3, at
eleven—W. Behnes, Osnaburgh-street, New-road, stone-
merchant, April 1, at twelve—J. Cockburn, New Broad-
street, City, merchant, April 3, at twelve—W. IL Bond,
Bow-lane, Cheapside, ale and beer-merchant, April 1, at
half-past twelve—F. Clark, Bury St. Edmund's, Suffolk,
inn-keeper, April 3, at one.
In the Country.

C. Veals, Uffculme, Devonshire, baker, April 1, at
eleven, at the Court, Excter—W. Perkin, Uttoxeter,
Staffordshire, timber merchant, March 31, at half-past
ten, at the Court, Birmingham—W. Sampson, Sheffield,
wholesale spirit merchant, March 29, at ten, at the
Council-hall, Sheffield—G. Hutton, Sheffield, grocer,
March 29, at ten, at the Council-hall, SheffiAd—R. Gib-
son, Yorkshire, ironmonger, March 28. at eleven, at the
Court, Leeds—T. Broadbent, Halifax, draper, March 28,
at eleven, at the Court, Leeds.
PAYMENT OF DIVIDENDS.

N. PAt;enden, Oxford, woollendraper, 61d., on Thurs-
day next, and the three following Thursdays, between
eleven and two, at the office of Mr. Graham, Coleman-

W. A. Reeve, Mlidstone, Kent, upholsterer, 6d., on
Thursday next, awl the three 1:'ollowinz Thursdays, be-
tween el7ven and two, at the office of Mr. Graham, Cole-
man-atreQt.

A. A. Sutterby, Stoke Ferry, Norfolk, grocer and
haberdachcr, 9d., on Thursday next, sud tho three to-
lowing Thursdays, between eLven and two, at the office
of Mr. Graham, Coleman•street.

H. Blackman, Cranbrook, Kent, grocer, Is. Bd., on
Thursday next, and the three fullmaing Thursd ,ys, be-
tween eleven and two, at the Waco of Mr. Graham,
Coleman-street.

J. Marshall, Birchin-'ane, City, merchant, id., on
Thursday next, and the three following Thursdays, be-
tween eleven and two, at the office of Mr. Graham, Cole-
man-street.

J. Thompson, Piccadilly, linendraper, 45., on Saturday
next, and the three subsequent Saturdays, between
eleven and two, at the office of Mr. Groom, Abchurch-
lane, City.
J. Miller and G. Craddock, Stockton-on-Tees, sail
cloth and rope manufacturers, is. 5d., on Saturday,
March 1, and three subsequent Saturdays, between
eleven and two, at the office of Mr. Edwards, Sambrook-
court, Basinghall-street.

J. Miller, Stockton-on-Tees, sail cloth and rope manu-
facturer, 5d., on Saturday, March 1, and three subse-
quent Saturdays, between eleven and two, at the office
of Mr. Edwards, Sambrook-court, Basinghall-street.
S. Wise, Conduit-street South, Paddington, plumber,
50., on Saturday, March 1, and three subsequent
Saturdays, between eleven and two, at the office of Mr.
Edwards, Sambrook-court, Basinghall-street.
J. B. Balc,anbe, Cannon-street, sharebroker, Is. 9d.,
on Saturday, March 1, and three subsequent Saturdays,
between eleven lnd two, at the office of Mr. Edwards,
Sambrook-court, Basinghall-street.
E. Heeler, Canterbury, dealer in glass and earthen-
ware, 41d., on Saturday, March 8, and three subsequent
Saturdays, between eleven and two, at the office of Mr.
Edwards, Sambrook-court, Ba.singhall-street.
W. Jones, Manchester-street, chemist, 31-d., on Satur-
day, March 1, and three subsequent Saturdays, between
eleven and two, at the office, of Mr. Edwards, Sambrook-
court, Basinghall-street.
M. Potter, New Bond-street, haberdasher, 2d., on Sa-
turday, March 1, and three subsequent Saturdays, be-
tween eleven and two, at the office of Mr. Edwards,
Sambrook-court, Basinghall-street

J. is. 2d., on Saturday, March
8, and F
13, between eleven and
two, at the office of Mr. Edwards, Sambrook-court, Ba-
etahkreeei subsequent Wilts draper, Saturday
singhall-street.
on any day on
orthree, at the office
of Mr. Young, Leeds.
AentenrGr ea
Marchve s
4,
,Snai
betweenth, innkeeper,eleven
and d.
G. Watson, Gateshead, bookseller, id.,
on Saturday,
March 8, or any subsequent Saturday, between ten
and three, at the office of Mr. Baker, Newcastle-upon-
Tyne.
G. Sfrel, Durham, grocer, 4s. 4d., on Saturday, March
8, or any subsequent Saturday, between ten and three,
at the office of Mr. Baker, Newcastle-upon-Tyne.
G. Hornsby, Newcastle-upon-Tyne, builder, ss. ad. on
Saturday, March 8, or any subsequent Saturday, between
ten anii three, at the office of Mr. Baker, Newcastle-
upon-Tyne.
Elizabeth Haydon and T. W. Forgusson, Newcastle-
upon-Tyne, grocers, 61c1., on Saturday,:march 8, or any
following Saturday, between ten and three, at the office
of Mr. Wakley, Newcastle-upon-Tyne.
W. Goodwin, Macclesfield; Cheshire, silk-manufac-
turer, is. 117-16 d., on any, Tuesday, between eleven and
one, at the office of Mr. Mackenzie, Manchester.
J. Mellor, Manchester, haberdasher, is. 7 1-Bd., on any
Tuesday, between eleven and one, at the office of Mr.
Mackenze, Manchester.

J. G. Thomson, _ Manehester, agent, 54j., on any
March Tuesday, between eleven and one, at the office of Mr.
Mack-nzie, Manchester.
W. Ireland, N. Calvert, J. Orerend, and C. Tomlinson,
Lancaster,moferehants,l and R.
.103 on Tuesday,
uoefsdtha)e,,lsa
Island
18, or any
subsequent Tuesday, ;between eleven and me, at the
office of J. S. Putt, Manchester.
NOTICE OF CERTIFICATES.
At the Court, Basinghall-street.
J. Penfold, Marlborough-place, Old lent-road, whole-
sale grocer, April 1, at eleven—G. A. Davis, Union-
street, Berkeley-square, distiller, April 1, at eleven—
W. C. Shipley, Market-row, Oxford-market, corn-dealer,
April 1, at eleven—J. Bickerton, jun., Bread-street,
City, hat manufacturer, April 1, at twelve--J, Voller,
Landport, Southampton, builder, March 29, at two—S.
Jeffryes, Eltham, Kent, maltster, March 28, at one—G.
Godbolt, College-place, King's-road, Chelsea, carpenter,
March 28, at eleven.

In the Country.
W. Finns, Barnsley, Yorkshire, ironfounder, April 1,
at eleven, at the Court, Leeds.
C EIVPIFICA TES GRANTED.
. _

A. Provost, Peterho;;;ll,-/inendrapqr, certificate of
the first c 1 .Is9—S. Vick, Breco2, victuallrr, certificate of
the first class-11. Hamer, Blackfriars-read, linendraper,
certificate of the second class—J. Priestly, Radcliff, Lan-
cashire, cotton spinner. certificate of the second class—
J. Jolley and W. Jackson, acetic acid manufacturers,
certificate of the first class.
PARTNERSHIPS DISSOLVED.
R. Dixon and J. Riley, Shuttlewcrth, Lancashire,
mill forgrers—J. C. Dreaper and T. M. Dresper, Liver-
pool, corn merchants—Eriward Brown and Maria Pipe,
Manchester, jewellers—J. Steele and W. Onions, Market-
street, Paddington, engineers—R. Pickard, JO Pickard,
and J. Myers, Leeds, cut-nail manu'acturers (as far as
regard J. Myers)—J. LOWOOD, R. spenoeley, find G.

Brent, Wapping and Clyde Dock, Rotherhithe, sail-
makers—J. Lawson and R. Spenceley, Wapping and
Clyde Dock, Rotherhlthe, chain and anchor dealers—
W. 011erenshaw and E. Hobson, Manchester, hatters—
R. Bertwistle, R. Cockshott, and J. Ceckshott, Great
Harwood, Lancashire, builders—E. Eccles and J. Col-
linson, Ormskirk, Laneaster, common brewers—G.
Holdernesse and R. B. Froggart, Sale Moor. Cheshire,
manufacturing chemists—W. G. Shaw and B. Coils,
high-street, Camberwell, house decorators and
builders—W. Harding, W. Carrick, aria J. Sewell,
Brampton Old Brewery, Cumberland, brewers—S.
Dinning and G. IL Burnett, Newcastle-upon-Tyne,
land agents—A. Evans and H. Grimes, Stone, Stafford-
shire, ironmongers—C. Sproxton and W. Wrigglesworth,
Great Driffield, Yorkshire, millers—E. S. Haycock and
J. Corn, Birmingham, mathematical instrument makers—
W. Losh, T. Wilson, Catherine Bell, I. L Bell, T. Bell,
and J. Bell, Walker, Northumberland, and Newcastle-
' upon-Tyne, iron manufacturers (so far as concerns I. L.
11111)—J. Corner and R. W. Champion, Paul-street,
Finsbury, and Fore-street, Cripplegate, shoe marffac-
turers— W. Debenham, W. Pooley, and J. Smith, Wig-
more-street, Cavendish-square, and Cheltenham, haber-
dashers—J. Woodhams and T. Woodhams, Seaford,
Sussex, brewers—W. Kightley, Acacia-terrace, St.
John's-wood, and S. Madluw, Pickering-place, Padding-
ton, plumbers—J. Bramall and T. Hansom, Stockport,
Cheshire, cotton spinners—Mary Ann Lyons and W.
Wilson, Bow-common, tar distillers—J. Cowell and T.
Skelton, Wakefield, Yorkshire, linen and woollen dra•
pers—W. Weston and S. M. Scowen, Noble-street,
London, warehousemen—R. Upperton, R. Stone, and J.
Norton, Trimsaren, Carmarthenshre, ironmasters, and
colliers (so far as regards J. Norton).
INSOLVENT PETITIONERS.
_

John Sims, Weybread, Suffolk, farmer.
Thomas Ismay;Carlisle, innkeeper.
James Potts, Burstem, Staffordshire, plumber.
William Hillier, Chute, Hampshire, baker.
Samuel Dyer, Exeter, currier.
Thomas Tomlinson, New Alrosford, Hampshire, c ar-

_Pe
illians-Wjiliems' Colchester, hat maker.
James Musset, West Mersey., Essex, usrpenter.—
William Spink, Witham, E3sex, surgeon.
William Cook, Woodham Ferris, Essex, carpenter.
William Pickering, Old Stratford, Warwickshire, farmer.
George 0. Andrews, South Bemfleet, Essex, farming
bailiff.
Charles C. Spilling, Long Melford, Suffolk, saddler.
Joseph English, York, hat manufacturer.
Richard Jennings, Birmingham, edge tool maker.
William West, Aston, Warwickshire, butcher.
William T. Davis, Aston, Warwickshire, carpenter.
Richard Blackwell, Aston, Warwickshire, beerseller.'
Charles P. Harris, Birmingham, japanner.
Thomas G. Jones, Birmingham, grocer.
John Bayliss, Aston-juxta•Birmingham, Warwickshire,
gun implement maker.
Richard Lynex, Aston, Warwickshire, wireworker.
David Smith, Aston-nigh-Birmingham, Warwickshire,
gilder.
Henry Raniford, Aston Warwickshire, wheelwright.
Thomas Carter, Burnley, Lancashire, fishmonger.
George Moule, Barkway, Hertfordshire, baker.
John Tuxford, Lincoln, plumber.
Thomas Fogg, Werneth, Cheshire, pickermaker.
Anne Beecroft, George Beecroft, and John Beecroft,
Bradford, Yorkshire, joiners.
Henry 11. Burgess, King's Lynn, Norfolk, surgeon.
Francis Loose, King's Lynn, Norfolk, plumber.
Robert West, King's Lynn, Norfolk, horse breaker.
Joseph Clark, St. Michael Appleby, Westmorland,
miller.
William Rowland, Holt, Denbighshire, farmer.
John Holland, Stradbroke, Suffolk, plumber.
Isaac Jackson, sen. Walton, Suffolk, carpenter.
William Bowers, fakenheath, Suffolk, farmer.
SCOTCH SEQUESTRATIONS.
A. Young, Glasgow, victualler and cow feeder, to
meet within the Star Motel, Glasgow, March 12 and
April 2. at one.

M. Welsh, Edinburgh, shawl manufacturer. to meet
within Johnston's Temperance Coffee-house, Edinburgh,
March 13 and April 2, at twelve.
W. Rowan, Glasgow, tobacconist, to meet within
the Eagle Hotel, Glasgow, March 13 and April 3, at
twelve.

J. M'Nab, Port Bannatyne, near Rothsay, innkeeper
and grocer, to meet within the Bate Arms Hotel, Roth-
say, March 13 and April 3, at twelve.

RAILWAY INTELLIGENCE.

LOWESTOFT lIARBOUR AND RAILWAY.
(From the Norwich Mercury.)
The half-yearly meeting of the shareholders in this
company was held at the 'offices in Lowestoft, on Satur-
day last; S. M. Peto, Esq., M.P., in the chair. There
was a large attendance of proprietors.
The CHAIRMAN said—lt is fue't myeluty and plearere
'0 cungretuLte you upon he fact of the virtual com-
letion of 7, our harbour, aed still mere so on the fact
of its having been completed withi' the capital. Yoa
will recollect that at the last rneetieg I expressed a horse
that such would be the case. The total amount we
were authorised to raise by our Act, and within which
the expenditure on the works was to be kept, was
320,000/. You will see by reference to the capital ac-
count that the total arnonnt exrlend,fi has peen 322.761/ ;
out men I have to inform you that there are credits for
surplus lands sold, and m r,eria!s in hand, &c., which
will reduce that amount b910.v the 320,0001, so that no
further capital will be required.—(Hear, hear.) The
directors also have to announce that the works of the
railway and harbour being now completed, the same are
now legally invested in the Norfolk Railway Company,
and that a deed is now in course of preparation declara-
tory of this fact—that course haling been recommended
by counsel, although there seems to be some doubt as to
whether the same is actually necessary or not; but the
proprietary will understand that none of their rights,
with respect to dividends will be interfered with by this
proceeding. I do not intend to occupy the time of the
meeting at any length on this occasion, because Captain
Andrews will speak upon all the points interesting to
you. It ie exceedingly gratifying to mo to assure you,
that during the last year all our anticipations with re-
ference to the harbour have been more than reelizA.—
(Hear, hear.) Yon will hear of the increase of our re-
venue and of the future prospects which on all hands
are opening to us.—(lleac, hear.) I stated at the last
meeting that I was in negotiation with parties for the
erection of oil steam mills. This negotiation has been
concluded, and the mills are in course of erection. I
have also been in negotiation with parties fit the erec-
tion of very large steam flour mills, and I am happy to
inform you that during the year a steam mill will be
erected here, only second in size to one other in the
kingdom, and on the same plan as that in the vicinity of
Thames-street, which is seen so distinctly from Black-
friars-bridge. These two erections, the oil mill and the
flour mill, cannot but be conducive to the increase of the
harbour dues and of the traffic of the Norfolk Railway.
We are also proceeding with the erection of warehouses,
which are very much needed. As the capital of the com-
pany does not enable us to build them, they are being
erected for us, with the agreement that within the next
ten years we may purchase them should we desire and be

in a-position to do so. Captain Andrews will also detail to
you the formation of a Northern Steam Packet Company,
of which he has accepted the office of managing director, and
the various arrangements that aro in progress with refe-
rence to the carrying out of that undertaking. I need not
point out to you how large an interest we have in the
success of such an undertaking, both as to the character
of the port, and the large amount of increase which must
necessarily result in the harbour dues and railway trafic.
Having arrived at this point—the completion of our rail-
way and harbour—we have directed our attention, care.
fully and anxiously, to the future expenses of the main-
tenance of the harbour, and I am happy to inform you that
the whole cost of maintenance will be within the esti-
mates originally laid before you when the undertaking
was commenced.—(Hear, hear.) I will not detain you
further, but with your permission I will at once recom-
mend the reception of the capital account. With respect
to the revenue account, I should say that it is furnished
by the Eastern Counties Company, and we are obliged
to publish it, in order to show that there are no surplus
profits accruing beyond the four per cent. to which the
original proprietors are entitled.
The statement of accounts was then put in, from
which it appeared that on the capital account the total
receipts from all sources up to 31st December, 1850, had
been 322,761/. 18s. Bd. The outlay for the railway, up
to the same period, had been 140,8451. 15s. ld , and
for harbour works 184,5311. Is. Bd.; general charges
for creosote works, dredging machinery, coal lifters,
Sce. 27,1801. 9s. 3d.; making a total of 352,557/. 6s.
From this amount there was to be deducted 32,8651. 7s.
6d. for sale of surplus lands, payment of Eastern Coun-
ties Railway for steam-boats, timber, rails, and other
stores in stock, sale of old materials, &c., which reduced
it to 320,191/. 18s. 6d., leaving a balance in hand of
2,5701. Os. 2d. The revenue account for the half-year
ending January 4, 1851, showed that the receipts of the
harbour and railway were 7,2161.25., and the expendi-
ture 4,858/. 145., leaving a balance of 2,3571. Bs.
On the motion of the CHAIRMAN, seconded by Mr.
LEATHER, the statement of accounts was received and
approved.

Mr. SULTZER inquired whether the deed that bad
been referred to by the chairman was there and could be
produced ?
The CHAIRMAN replkd in the negative, and said that
he had been advised that it was in course of preparation.
If, however, Mr. Sultzer, or any other proprietor would
like to see a draft of the deed before it was executed, ho
should feel great pleasure in affording them an oppor-
tunity of perusing it.

.
Mr. SULTZER Laid his object in mating the inquiry
was to ascertain if there was any clause or provision in
the deed which would secure to the original proprietors
their rights to the surplus profits.
Mr. PARKER, the solicitor to the company, said that
according to the Act of Parliament the railway and
harbour, as soon as completed, passed to the Norfolk
Company; and the deed to which Mr. Peto referred was
simply a declaration that they had so passed. and
would
not in any way affect the interests of the original share-
holders.
Mr. SuLTzEtt.—Do you refer to the first Act?
Mr. PARKER.—To both Acts.
The CIIAIRDIAN.—It le of great importance to the
company, that after haying completed the works, there

Mr. SULTZER.—The explanation with respect to the
deed is not quite clear to nay mind, end therefore you will
excuse me for asking another question. I consider that
the interests of the shareholders under the two Acts of
Parliament are not identical. The original shareholders
are entitled under their agreement to 4 per cent. end a
participation in the surplus profits, but under the second
Act of Parliament the 6 per cent. shareholders ere not
entitled to any surplus profits; and a time will come
when there will be a different° of opinion as to the
division that may be made, and as to the propor-
tion of tho revenue to be apportioned to the pay-
ment of the dividend. Therefore, I should like to know
whether in the deed proposed to be executed, by which
these works will be handed over to the Eastern Coun-
ties Company when cempleted, any provision is inserted
which shell confirm and secure the original 4 per cent.
shareholders that participation in the surplus profits to
which they are entitled. It has been said, with respect
to the surplus profits, the shareholders are all on an equa-
lity, although one class receives 4 per cent. and the other
6; but that is a position which the original shareholders,
for whom I appear, deny. We still maintain our right
to the surplus profits after the payment of the 4 per cent.
dividend.—(Hear, hear.) lam glad to learn from the
statement you have made, that we are gradually ap-
proaching a position of greater prosperity; and this
fact was a further reason why they should not surrender
a right which they had obtained before the second Act
creating the 6 per cent. capital was obtained. I wish
therefore to know whether in the deed or any agree-
ment for amalgamation to which reference had been
made our interests will be protected.
Mr. PARKEn---The answer which I have to give to
the Honoureble Proprietor is, that those rights, if they
existed, are untouched by the deed and plan of amal-
gamation. The rights of all the shareholders are left
exactly as they are secured by tho Acta of Parliament.
Mr. Sultaer is mistaken, however, if he supposes that
as soon as this line yields any return beyol4.efigar

"."••••••' •••••••••,..tw...7y-maw
before the six per cent. shareholders receive their per
centage, he will be entitled to any surplus profits. lie
will find, when the proper time comes, what the law on
the subject is, if he is willing to litigate the point. I
can only repeat that these rights are completely patent,
and will not in any way be affected by this deed, which is
only a simple declaration of the works having been com-
pleted, so as to convey to the Norfolk Company the rights
to which they are entitled.
The CHAIRMAN—I wish to state, that if Mr. Sulnter,
or any other proprietor, would wish to see a copy of the
deed before it is executed, I pledge my word that it
shall be sent to bim.—(Hear, hear.) The Hon. Pro•
prietor may take it for granted that in this agreement
or deed of amalgamation none of the rights of the share-
holders will be touched, and should the question to
which he has referred arise, he shall not be precluded by
any act of ours from litigating it.
Mr. CORY—Does Mr. Parker consider that the six
per cent. shareholders are entitled to surplus profits?
Mr. PARKER —No; they are not entitled to any sur-
plus profits.
Mr. SELTZER—No; according to what Mr. Parker
states, the six per cent. shareholders will swamp our
surplus profits.
The CHAIRMAN thought that the pledge he had given
ought to satisfy the original shareholders that their rights
would be fully protected.
Mr. SELTZER thought that the very decisive opinion
that had been given by Mr. Parker with respect to the
liAbts of the parties whom he (Mr. Sultzer) repre-
sented, rendered it necessary that he should propose a
resolution upon this subject. He then proposed that
in the agreement for the proposed amalgamation of the
Eastern Counties Lines, and in the Act to be obtained
therefor, a clause be inserted protecting the interests
of the four per cent. shareholders, and guaranteeing to
them the half surplus profits to which they are entitled
under the Lowestoft Railway and Harbour Acts.
Mr. CORY seconded the resolution.
Mr. PARKER said that the resolution in itself appeared
a very harmless one, inasmuch as there was no in-
tention to interfere in any' way with the rights or in-
terests of the four per cent. shareholders; but the effect
of such a resolution, if passed, would be to clog
the hands of the directors, who were bound to protect
the interests of the proprietors. Nothing, he said,
could be done which would affect the interests of the
shareholders without an Act of Parliament, and when
that would have to be brought before them, they would
have an opportunity of being heard. If the directors
should refuse to insert a clause in such a Bill, then, ac-
cording to the standing orders of the House of
Lords, the shareholders might oppose it in Com-
mittee.

SULTZER though', from the remorks with which
Mr. Parker comrnr2ried, that he woull not have ob-
i ectei to this rcsohltion.
Mr. PARKER said it was p:licctly clear the resolution,
as it mood, w 43 ci hfirreleas or.?, but then Mr.ll.r:r's
opinion with resret to ne tuulns profits and that of
the directors were differant, and the latter were anxious

th,.t n,thing shoul4 appear on :he minutes that con! I be
cJnstruei as inimical to the carrying out of the agree-
an,,et into vhich t!-.ey had entered.
Mr. Cor.y said that, as holders of four per cent. stock,
they were anxiotar to express tntit views, is or:ler that
tho (I:teeters might have them befire thew.
Toe CHAIRMAN pledged himself to Mr. S4ltzer that, he
would be no party to nu amalgamation affecting :le
interests of the shareholders without having first sub-
mitted both to Mr. Sultz:r and Mr. Cory a copy of the
draft of any agreement that might be proposed. Ho
would also send a c.)py of the deed which had been re-
ferre.l to the day atter he saw it himself, and bsfore it
was executed.

Mr. J. 0. TAYLOR thoeght that Mr. Sultzer would see
hat he had now done sufficient in this matter. The °b-
eet which Mr. Sultzer had in view was to protect the
nterests of the four per cent., but after the pledge that
had been given by the chairman, it was perfectly clear
that neither the rights of the four per cent. nor the six
per cent, would be in any way interfered with without
an Act of Parliament; and therefore he put it to Mr.
Sultzer whether after this he would press his resolution.
Mr. NORTON, as a holder of four per cent. stock, did
not think it was necessary to press the resolution.
Mr. SULTZER, after the explanation and pledge given
by the Chairman, expressed himself satisfied, and with
the concurrence of Mr. Cory, withdrew his resolution.
Captain ANDREWS then made the following statement:
—Referring to the printed report of revenue account
now befere you, it is gratifying to find that the expec-
tation which I expressed at our last halt-yearly meet-
ing, of the steady increase of our trade and re-
venue, has been fully realized. The present account
for the half-year ending January 4th, 1851,
shows the total receipts for harbour dues to be
3,1891. 17s. 10d. This is exclusive of refits on buildings
and lands, arid other sources of revenue, showing an in-
crease over the corresponding half-year of 7391. Is. 7d.
The total receipts fur the past year for harbour
dues are 6,038/. 9s. lid. against 4,4581. 17s. id.
for 1849, showing an increase of _revenue for the
year 1850 over 1849 of 1,5791. 12s. 10d. or 35 per cent.
This increaso of revenue has been derived principally
by greater imports, the exports having remained nearly
stationary. In 1849 the import of coal was 47,185 tons,
and the export of corn 41,267 quarters. In 1850 the
import of coal has been 72,080 tons, and the export of
corn 40,821 quarters, showing an increased importation
of 24,895 tons, or 50 per cent. and a decreased ex-
portation of 446 quarters only, or 1 per cent. The
increased arrivals and tonnage have been equally great.
In the year 1849 the total number of vessels that en-
tered the harbour was 1,168 of the registered tonnage
of 69,486 tons; in 1850 the total number of vessels has
been 1,575, and the registered tonnage 108,238, showing
an increase in the number of vessels of 407, or 34 per cent.
and an increased tonnage of 38,752, or .55k per cent.
Whilst this great increase has taken place iu the trade
and revenue of the harbour, it is gratifying to find that
the working expenses have not increased in like pro-
portion. The corresponding half-year of 1848 showed
the harbour receipts to be 2,1531. 17s. Sd. and the work-
ing expenses 1,158/. 25.; the past half-year shows
the receipts to be 3,1891. 17s. 10d. and the work-
ing expenses 1,4351. 10s. Ild., giving an increase of 48
per cent. upon the receipts, and only 19 per cent. on the
working expenses; and there is no doubt that a
still greater increase of revenue will be at-
tended with a smaller increase of working ex-
penses. That the trade will steadily improve, there
can be no doubt. Increased facilities, by the erection of
warehouses, now in the course of completion, will add ma-
terially thereto. The establishment of merchants and
chip owners in the port will improve the export as well
as the import trade; and as the harbour becomes better
known, it will be still more frequented as a,
harbour of refuge, for which purpose its
does not exist upon the eastern coast of England.
Although the past year has been unusually mild
and free from storms, 447 sail have entered for refuge
only; of these 91 were damaged or disabled, many in
of
them of large tonnage, such as had never been seen
this port before, all of which received effectual
h
assistance hero. These are cheering ppe
my opinion but the shadow of increase
ro
fi tthat
at .p
s tr oe
ent
rossctsel,te but in
d
fol-
low. There are sources of andtrade
latent, but which require only this touch of enterprise to
draw forth; net the least amo.nghese are our
fisheries. For ages back history recurd t s
how eminently
been a fishing town. Why is it not so
now?Lowestovit h.
Why
ay.
has our fishery decreased? and why can it
no longer be profitably carried on? Has the formation
the harbour, co:mete-I by a railway to the first mar-
ket in the wend, destroyed the fishery ? Certainly
not ; but it has altered its character, and it required
correspendieg alteration end improvement in working
the trade to render is still a source of profit. The
introduction of the railway system iu this country, gave
facilities to more distant ports to send the produce of
their fisheries to the London market. From this period
may be traced the decline oftheh
berayionuLt Lowestoft;
tmo fetn;
in 1839, eighty-four boats, employing
and boys, besides numerous people on shore, were
employed in the herring fishery for that year;
their catch was 1,572 lasts, or 15,730,000
fish. Ten years later, in 1849, only thirty-six
boats, employing 360 men, were engaged in the herring
fishery; they caught 959 lasts, or 9,590,000 fish. Has
Wail a falling off of more than one-half the number of

"r. 7 ,
... •
.
leer.
toyed, and nearly one-half of tbd fielacaugh4 eehab
can be no doubt thgal.f, up to this time ' ."'
lied been left ivithout a railway Commtinie
indon, tho fisheryery must heve been given up, sg t
preduce taken to some place that pus-
sessed 'that advantage. The past year Las shown
a renewal of the fishery in a form suited
to the altered state of things. Larger busts
requiring a large outlay of capital can no longer prc;fi- •
tably be worked, from the decrease in the mean price of
the fish; but the harbour affords facilities to the employ-
ment of smaller, commonly cancel half and half boats,
from their being a mean size between a punt and a lug-
ger; these boats being worked at less expense, and re-
quiring a smaller outlay of capital, are enabled to carry out
the herring fishery with profit tied success, :Led an increase
to the returns of 1839 may with confidence be expected.
But a greater source of profit than even the herring
fishery remains dead to Lowestoft, although off its very
shores. Situated on a promontory stretching towards the
centre of the great German ocean, with a harbour acces-
sible at all times, and railway communication to every part
cd Great Britain, with boats aed men idling on bbore,
hitherto no effort has been made to trawl the shoals of
ground fish, such as plaice, solos, and turbot, with which
the great banks situated within twenty or thirty miles
of our harbour abound; but I am happy to state an
effort is to be made now; several kind friends have
joined me for this purpose, our object being in the first
place to give employment to cur numerous unemployed
fishermen, and in the second to increase the traffic of the
port, and consequent profit to ourselves. Having made
every inquiry, and gives this subject mature considera-
tion, I am persuaded that if a sufficient number of the
large herring boats are perfectly equipped for trawling,
and conducted in a proper manner, this ebject will profit-
ably be effec:ed. lam also persuaded that it can only be
done by a number of boats, and systematic manage.
ment. If one boat only was to attempt it, the result
would be a failure; but if ten or twenty, or more (the
more the better), commence, tt.e result will be success-
ful. We commence with ten boats, and I hope this will
soon increase to 100; a steam-boat will leave the har-
bour each night for the fishing ground, and return each
day in time tor the market train, bringing not only the
fish of our own boats, but of the other vessels who
choose to send by this mode of conveyance. I speak
within bounds when I say that each boat will earn 4001.
per annum, for, with the exception of very bad weather,
the boats will remain on the fishing ground the whole
year, only returning to port for a few days once in six
weeks. Now when it is considered that a hundred boats
would employ 500 men, would yield an income to the
town and port of 40,000 L, besides 7,0001. a year to the
railway and 1,2001. a year to the harbour, giving at the
same time a large interest to the capital embarked in
them, it is surely worth the trial. The supply of fish
is inexhaustible; the rpeatagef transit to the-great par-
001111fteditaltrnntreasetinaircal; the demand increasing and
Unlimited: - Our men, trained to the sea from their in-
fancy, and.accustensed to /ook to it for their support,
are ready and willing to engage in this mode of fishing,
if properly directed and encouraged—shall we then
withhold our aid? I hope not; but encourage to the
best of' our ability an enterprise so promising and bene-
ficent; and in my humble opinion the harbour and rail-
way will not have fulfilled their destiny until they have
given employment to every honest and industrious fish-
erman in the place. Nor is it the fisherman alone that
will be benefited—every tradesman and mechanic must
feel its influence; the 500 men alone employed in the
boats will consume 182,0001b5. of meat annually, be-
sides a like quantity of bread and small stores. Boat
builders, sail makers, twine spinners, and other trades,
will all feel its benefit; and last, although not least, our
more wealthy inhabitants and friendly visitors will enjoy
the luxury of an abundant supply of all kinds of fresh
and wholesome fish. Another source of revenue now
opening is the formation of a company under the title
of the Northern Steam Packet Company, established
for the purpose of conveying passengers, goods, but
principally cattle, from the coasts of Jutland, Holstein,
and Schleswig, to this country. The attention of the
feeders and shippers of foreign cattle, for the supply of
the London market, has long been directed to the ob-
ject of reducing the length of the sea voyage, which so
materially deteriorates the condition of the cattle ex-
ported by them. The position of Lowestoft, on the
extreme eastern point of England, and consequently the
nearest to that country, pointed it out as the most eligible
point of debarkation; its possession of a good harbour
and railway communication to London decided its se-
lection. A communication was last year opened with
the principal shippers in Denmark, and ultimately,
through the kindness of the Government agent (who at
once saw the advantages possessed by this place), with
the Government of Denmark itself, who have granted to
the Northern Steam Packet Company certain concessions
highly favourable to the company; the company are al-
ready in possession of two vessels, and a third, of great
capacity and speed, is in course of construction, and will
be ready in May. Every preparation is being made here
for the facitity of landing and forwarding the cattle to
the London and other markets—a large stable capable
of accommodating 200 head of cattle is in course of
erection, and a steam factory with lathes and machinery
for repairing the engines of the packets in course of pre-
paration. When it is considered that 40,000 head of
cattle are reared in that country, sad that during the
past autumn 12,000 head were shipped from the port of
fonningen alone; we may reasonably expect that a por-
tion of this quantity will find its way to London by the
way of Lowestoft, which reduces the tea voyage by
to enty• four hour:, and enables the shippers to produce
their cattle in the market in a thertsr space
of time, at less txpenso, and in be:ter ccadition.
-..vlntr, thus fee e:xpletncd my view, of the present con-
dition tit the ,:rtcle and prosperts of the heels:ear, I hope
3ou will with me whilst I trespass a little 10:.'re on-
) oar time and patience with' reference to the, harbour
itfc:f. lam induced more particularly to do t-o ut :his
time when the harbour is so re4r comp!e!ion, and even
theno inclined to view it in an unf:vourible light are in-
!need to cones, that all that was practical.? for :he
e,.7p,ndo:;i has been done. Yet such erroneous
imor essions btu.. expre!.sed to its ity and
stA.'lity, even by our friend=., that I think it right and
only justice to our shrzchol.lers to put them in posses-
sion of the facts relative thereto. I; has been said that
the harbour cannot bo kept open at the same depth of
water for any number of years eithout considerable ex-
pense: that the worm will ultimately eat away the piles,
and that the masonry will consequently give way. Now
it certainly is the duty of a prudent general not to un-
derrate his foe or even to turn a deaf ear to rumours of
a force that may be s- nt to oppose him. We are per-
fectly aware of the causes constantly at work to dete-
riorate the efforts of our labour, and being so, are pre-
pared to prevent the effects resulting therefrom acting to
our prejudice. The enemies we have to contend with
are the incessant action of the waves of the sea caused
by winds and currents; the washing of the sand acted
upon thereby; the deposit of silt or mud, held in suspen-
sion by the same until deposited within the harbour, in
consequence of the cessation of the motion of the waves;
and the remorseless and ever vigilant Teredo Navalis or
sea-worm. Against the first of these enemies we op.
pose the stability of our outer piers and the experience
of three winters, even when in an incomplete state, shows
that they were equal to the contest. It is well known
that the piers eve fixed upon e stratum of blue cloy, upen
which the sand is laid sit an acgle formed by the waves
of teem six to eight degrees; toe piing of the piers
being driven through the sand, and /rem fifteen to
twuity feet into the blue clay, is a sufficient guarantee
for their stability. The whole of the internal space be-
tween the outer pilings, twenty-five feet wide, being
filled in with solid masonry, form a barrier against
which the waves of the German Ocean may in vain ex-
pend their force, so long as the masonry and piles are
kept in good order and repair. Against the washing
of the semi through the foundation of the masonry, and,
the deposit of silt, we have the remedy of dredging; and
that this is sufficient, not only to maintain the present
depth of water, but to increase it to a very consider-
able extent, we have experience to prove. During tho
last year no less than 236,667 tons have been dredged
up in the enter and inner Barbour, and the depth of
water increased over a very large apace from six to
twelve feet at low water. Admitting that a hundred
tons per day of sand and silt was deposited in the har-
bour, which I estimate at a very large average, it would
be but 365,000 tons annually, which could be dredged
up in the course of three months, at an expense of 5001.
We must bear in mind that our harbour is an artificial
one, and must be kept open and maintained by artificial
moans. The accumulation of sand on the outer side of
the piers, which occasioned some anxiety to several of
our friends, we have not only been enabled to keep under
control, but turn to a source of profit. By laying inour
tramways from the ballast wharf, we have reduced the
bank
on on the north by 20,000 tons, which has yiehiedar
emveansnue
of
6281. 4s. 4d. for ballast, and we hay, the
same
place on the
turning any accumulation that may tale
south side to the same advantage With reference to
of a piece of one
the worm, we have before us
specimensared by creosote, that has
of the piles that has been prep
been four years in the harbour, and is untouched by the
worm; and also a Piece unprepared, which is eaten con-
siderably.ad Creosote is a preparation of tan, oil, and
other substances, so excessively repulsive and poisonous
to the worm,
that neither the teredo nor the simnoria
will touch any substance that has been prepared by it.
The whole of the piles of which the harbour is composed
are prepared with this substance, which is forced into
the timber under a pressure of a hundred pounds to the
square inch; thoroughly saturating the whole of the
outer portion of the weed, varying in thickness accord-
ing to the hardness of the timber and closeness of the
grain. As long as this substance continues in the wood
it is perfectly protected against the encroachments of
the worm. Another source of protection to the piles is
the accumulation of silt around them, which it is our
policy to encourage, for the worm cannot attack the
timber surrounded by mud; from these causes, and by
carefully coating the whole of the timber and piles of tho
harbour each year with a preparation of coal tar and cre-
osote, there can be no difficulty in preserving the wood for
any reasonable number of years. Although riot particu-
larly in tray department, I beg to make a few state-
meatsh, with reference to our railway traffic, which,
I sou happy ni state, shows the same steady inert.itste;.
but as the working expenses increase from the nature of
the trufliee in the same proportion ashtbeharreehoes.s
The
result is not quite so satisfactory t_
receipts for tie past half-year for tkashienLgowestoft Railway
expenees for the
only, are 3,446/. 7s. 11d.; the working
The re 'e.:pts for the
s3rme period being 2,7461. 18a.4,,
were 1,39:34 7s, , the
catiesponding hall-year of 18,,
working' expenses being 1,10,:rf/.01.105. 41. Tho receipts
e, show an increase of
for the present half-year,
in the working
dexphnshsBo per cent. and an increatsbeer
of 41 per cent. This increase_ has_ been derive princi-
pally from goods, of which fish bears a large proportion.
During the past half-year 26,476 packages of fish have
been forwarded to London, and 14,354 packages to other
places. The cash received at the station during the
"same period has been 5,6741._ Bs. 5d., and if we calculate
a like sum
for goods forwarded to pay, we make the
total earnings 11,3481. ltis. 101, or 22,687 k 13s. Bd. per
MAID, as the contribution of our branch to the main

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