The Sun.
London, England, 1851-08-16 00:00:00

SEPTEMBER.

Scarborough
Eccles

Horpeth
Bridgwater

Warwick
Wilmslow
Rochester
Lincoln

Tunbridge Wells
Uttoxeter
Dover
Doncaster

Airdrie (Scotland) 4
Bungay _ ....... ...
Radcliffe 8
Lichfield 8

Sherburne
Tenby l6
Upton-on-Severn
Bedford

Cheadle (Stair.) 8
Yarmouth
Leicester lO
Weymouth lO
Liverpool Autumn Hunt 10

Eglinton Park ... 23 or 24
Manchester Autumn 25
Newmarket F.O 3O
Sandbach

Monmouth
Richmond
Caledonian Hunt
Chesterfield 1
Chester
Hampton Ausumn 7
Yorkshire Union Hunt 8
NO` E:

IBER.
Wrexham
Perth
Newmarket S.O l3
Rolywell Hunt ..... 14
Hereford 23
Newmarket Houghton 27

Epsom Autumn 4 I

SEE,
Worcester First week

7'HE ELECTRIC TELEGRAPH COMPANY.

The eleventh half•yearly meeting of the Electric
Telegraph Company was held at the central station,
Founders'•court, Lothbury, o❑ the 12th inst., John
Lewis Ricardo, Elqi , M P., in the chair. The fol-
lowing report of the directors was adopted, and a
dividend declared At the rate of 8 per cent. per
annum. .

" The financial position of the company is explained
in the balance-sheet annexed :—The receipts of the half-
year exceed the expenditure by 10,767/, which will
enable the directors, by appropriating 3221. from the
reserve fund, to recommend a dividend of 2/. per share,
being at the rate of 8 per cent. on the paid-up capital.
" The Chester and Holyhead, the Brighton, and the
Buckinghamshire lines have been completed since the
last half-yearly meeting, and the Manchester and
Sheffield line will be opened in the course of the en-
suing quarter. The current expenditure has been in
full operation on the three first, though they cannot be
considered to have come into regular working, and ex-
perience has shown that it requires some time before the
public of any particular place acquire the habit of avail-
ing themselves of the new means of correspondence.
These circumstances lead the directors to consider it un-
necessary to add to the reserved fund from the revenue
of the half-year ending 30th Juno last.
e The peculiar nature of patent property, and the li-
tigation which, notwithstanding that three verdicts
have been obtained for piracies of their inventions, the
directors may have still to encounter in prosecuting in-
fringements of their patent rights, render it, in their
view, advisable to retain always a considerable sum not
applicable to any one particular purpose, but available
for any circumstances which may arise requiring outlay.
These do not involve renewal of works, which is in every
instance charged to revenue of the current half-year.
" Several hundred miles of line have, in fact, been
entirely renewed on this principle.
" From the time that the directors, in accordance with
the policy announced at a former meeting, aimed at the
establishment of a great national system of telegraphic
communication, rather than the large manufacturing
profit which the exclusive nature of their patents might
have secured to them, their attention has been anxiously
turned to the devlopement and extension of their lines,
and they have thought themselves justified in sparing no
expense to render the accommodation comprehensive,
certain, and expeditious.
" Experience only can achieve these things ; and
though it is not pretended that the whole degree of per-
fection of which the system is susceptible has been ob-
tained on the working of the lines, nevertheless great
refirms have been made in numerous details of the ad-
ministration, which, though trifling in themselves, are
of infinite importance in the complicated executive com-
binations of the company, while mechanical improve-
ments in the insulation and apparatus have been pa-
tented, and after being elaborately tested, have been,
where found efficient, ca:efully and liberally carried into
execution.
ertedinsu by lathteed lin aen odfttwhoe
" The whole of the lines between London and Liver-
pool and Manchester have been
new
wenwt iVreasllewyillatnhdisNwoereth Staffordshire week
be
etacoomplrdshire Railways for the
accommodation of these important places.
" The line between Manchester and Normanton has
been entirely renewed, and workmen arc now along the
whole distance, between Glasgow and Normanton, re-
Placing the old arrangements with the new insulators
adopted by the engineer.
" Since the last meeting the wires of the company
have been extended to Brighton, whence they are in
course of construction to Nevsihaven; and a line has been
established between
Sheffield and Manchesteroanlloiy is
Holyhead
aT
forward
w ard
tele-
graph between
state.

" Contracts haze been entered into with the Great
western and Dristcl and ratter Companies to carry as