The Sun.
London, England, 1856-09-11 00:00:00

ARARAT.

The rush to this place still continues, though not to such
an extent as described in my last, and very few are leaving
for other, to them, more tempting gold-fields : diggers,
unless possessed of capital, generally prefer returning to
such ground as from actual experience they know possesses
the precious metal. However, everything looks brisk, and
though it is exceedingly difficult to find out what amount
of gold is actually brought to light from its secret hiding-
places, still to judge from the activity of our gold buyers
on Saturday, the quantity must be considerable. The
sew main lead, or more plainly, the lead which caused the
present rush, has made the fortunes of a good many,
and I think I may, without exaggeration, state that
ono out of every three holes on this lead has
paid. A number of 'the first holes that 'were bot-
tomed on this said lead, and given up for blanks,
have all been taken up by other parties, and have
turned out in several instances remarkably rich. It is no
Iritelion here in finding the bottom a blank, that the claim
should be ditto, for the gold runs exceedingly patchy, and
though there is a sort of lead, still within a foot or two
from it coarse gold may lie in abundance.
The new lead has been traced across the creek, and heavy
;old has been found at 80 feet sinking. In consequence of
this a bridge has been built by subscription, and another
row street been formed, of which the United States Hotel
i the centre. There is a pretty extensive rush within three
miles of this, but. I have not been there yet, and shall re-
port on it in ;ay next. Gold, 3/. IC,s.

.BE. DICt().
(From the Bendigo Advertiser, June SO.)

RIIMOIRED NEW GOLDFIELD.—It is reported that a new
gold-field has been discovered on the Campaspe, between
Ross's Station and De Capelin's. There have been rumours
from time to time respecting this alleged now gold-field,
but no authentic information has been yet placed before
the public. We understand from M. De Capelin that there
are several parties digging on the ground, which is not far
iistant from his residence, and adjacent to the banks of
the Campaspe. As then parties have been working there
for some time M. De Capelin believes that they have found
the place to answer. The holes vary in depth to 12 feet,
and the gold is rather coarse. There is, of course, an
abundance of water in the vicinity.

GEELONG.
(Prom, the Geelong Advertiser of June 20. )

There is little to note this week in the gold market ;
transactions in town have been very limited. The bank
..x.ehango on England has fallen 1 per cent., and there is a
consequent reduction in the price of the metal. The buy-
ing figure is now quoted at 76s 9d for Ballarat gold.

The communications from the different fields this week
Are bate and without incident, merely stating that the
ririous lines ar3, on the whole, maintaining their reputa-

tion.
Steiglitz (much as it was the fashion at one time in
certain quarters, to cry it down, and all who made mention
of it) is now proving itself one of tho best of quartz mining
districis ; large quantities of gold are being brought from
there, both amalgamated and melted into ingots, and
which now commands a high price, from the superior and
workmanlike manner in which it is got up.
Since last report there has arrived by escort as follows :
oz. dwts.
Castlemaine escort
Maryborough and Avoca 4,033 10
Fiery Creek
Mount Black wood
Ballarat and Creswick's

Tot al

~ 42,104 5

Exchange on London.—The Banks at present issue their
drafts on London at 1 per cent. premium and buy at par.
Freight on gold delivered in London, 4Ad. per ounce.
Insurance on ditto 2 guineas per cent., exclusive of war
risk.

UNITY GENERAL ASSURANCE]
ASSOCIATION.—(This Day.)

An extraordinary general meeting of the Unity Gene-
-al Assurance Association was held this afternoon at the
London Tavern. In consequence of the publication in
the daily papers of several statements referring to the
particular transaction which had led to the resignation
.if Ir. Baylis, the managing director, the greatest ex-
citement prevailed. 'rho following is a bad statement
,f the case :—A gentleman married a lady of some prc-
ierty ; the husband had an income of his own of 80/, a
;ear; the wife had one of 5001. On the 17th of January
;ast an insurance on her life, for 2,0001., was effected
under her own name at the Glasgow office of the
Unity General Assurance Association. On the 21 of
Ipril the original policy was changed, and converted to
.no standing in the name of the husband. On the 30th
sf June the wife died, the policy for the 2,000/,
remainiug in the bands of Mr. Wieland, the local
a.ent, who telegraphed for Dr. Lloyd to come down to
Glasgow. Dr. Lloyd is a director and consulting phy-
:cian to the Unity Insurance-office. Suspicion was
aroused that the lady had been suffering from some
disease which had been concealed. Dr. Loyd did
down, and a compramise was effected with the hus-
htnd, who received 7501. This compromise Mr. Baylis
refused to sanction ; and in consequence he sent
i i his resignation. The other circumstances of the case
are now generally known.
The chair was about to he taken by Sir W. 0. Pell,
gut_ a gentleman in the body of the meeting suggested
an independent person should take the chair.
This conrue was ultimately adopted, and Dr. Davis
vas chosen to preside over the meeting.
Tne CHAIRMAN, in opening the proceedings, besought
patient heating for all who might address them, and
4aid that pursuing this course they would conduct their
droceeedings in such a manner as the importance of the
.object demanded.

Mr. JACKSON, one of the board of directors, then rose,
and on the part of the directors, and amidst some im-
patience, proceeded to address the meeting. He com-
menced by referring to the assurance which had led to
this meeting. (Cries of " Name.") He did not think it
was necessary to mention the name of the party, but if it
was the wish of the meeting he wcuid do so. The
came of the party was Aitken, and he resided in
Glasgow. The speaker was proceeding to enter into
the details of the case, when he was met with cries of
" Statement," "statement." He was sorry to detain
them with the observations he felt it his duty to make, but
he would at once proceed to state the circumstances con•
nected with the resignation of Mr. Baylis. The first
c mplaint against Mr. Baylis was gross inattention to
the duties of his office, and to all business connected
with the office. The speaker then referred to a corres-
pondence that had taken place between the
agents of the company in Toronto and the
managing director, which complained of not being
properly supplied with the necessary documents to fur.
ther the interests of the office. The members of the local
board could bear him out in his statements, and such
being the case the board complained to Mr. Baylis,
and told him that the business of the office could not be
successfully carried on if such a system was continued,
and that they thought he had too many schemes in con-
templation. (Cries of "Statement.") He would now
come to the particular circumstances which so greatly
interested them. Mr. Wieland, the agent at Glasgow,
was appointed by Mr. Baylis.

A SHAREHOLDER—`tiithoUt the consent of the direc-
tors

Mr. JACISON—Of course the directors consented to
the appointment, but they knew nothing of the gentle.
man. (Cries of more shame for thorn.) The speaker
then went into the details of the assurance effected by
Mr. Wieland, and also the circumstances connected
with the refusal of Mr. Baylis to assent to the compro
mise. The compromise having been made, Mr. Baylis
at once declared that unless the difference between the
sum originally assured, 2,0001., and the sum of 7501.,
133, which the claim had been compromised, namely,
1,2501. was transmitted to Mr. Aitken at Glasgow, ho
would resign his seat at the board. This course was not
adopted, and the resignation followed. This circumstance
led to a correspondence which he would read to the meet-
ing. A number of letters were here read, referring to the
transaction, in which Mr. Baylis in one of his letters
stated that the statement that had been construed into
sanction of the compromise was arrived at upon in-
-ufficient grounds.

Mr. BAYLIS begged to cm.rect the speaker in what Ile
had just read. He protested against the compromise on
(.he 17th of July, and not on the 24th.

A SHAREHOLDER asked if there had been any other
compromise entered into by the company.
Mr. JACKSON—No. Ile had written to Mr. Aitken,
requestin; him to be present at this meeting, hut he had
received a letter from him, in which he stated he did nut
intend to mix himself up in the quarrels of the board.
rho directors had, at their board meeting, yesterday,
received the notice of a claim for 1,2501. from Mr.
Aitken, through his solicitor, but the directors had re-