The Sun.
London, England, 1856-06-30 00:00:00

paid 7001. ptr annum, and a portion of a per ceutage on
the profits.
dLi'g r . FERGUSON ex, me at the percentage on the
profits was per cent., whatever the arneunt, and that
was to be divided between the general manager, secre-
tary, treasurer, and the two principal gardeners.

The CILIIRIIIINT slid the directors were not insensible
to the difficulties that beset the refreshment question, and
the shareholders were not to infer that the directors con-
sidered thearrangementssatisfactory. When the directors
threw the supply open to the trade, but one tender
that of Mr. Staples was sent in, so that the directors
had no choice in the matter. The third class refresh-
ment room was much improved, and the few persons
who carried provisions with them to the palace spoke
in favour of the management of the present con•
tractors. Mr. Staples' contract was for three years.
The resolution omitting the paragraph relative to the
dividend was agreed to.
In answer to a question,

The CHAIRMAN said their capital was now exhausted,
and for the future everything must be paid out of re-

venue.

A resolution was then agreed to authorising the pay-
ment of dividend on the preference shares.
The directors were also empowered to borrow 33,333/,
the balance of the account under the charter.
The CHAIRMAN then moved a resolution that the
dividend of 24. on the ordinary shares and the A and
B shares be paid on a day fixed by the directors.
Mr. PUNCIIARD moved an amendment. He objected
to the percentage of 21, being paid to the officials
on profits, but that the percentage should bo paid on
condition that the shareholders received a dividend of 5
per cent. He thought it too bad that the officials should
have divided amongst them 2,065/, on the half-year's
profits, and the shareholders not be able to obtain their
dividend of 2s. He moved that the proposed dividend
should be paid on the Ist of August, free of income tax.

Mr. F. W. DOCKER seconded the amendment.

Mr. BALL (Messrs. Quilter and Ball) said be under-
stood the general managers and others had been in office
only a few months, and their claim could not exceed over
5001. The accounts referred to by Mr. Puncbard ex-
tended over ten months on which the balance of 29,400/.
was made 112, and he made his calculation of 2,0651.
Mr. HOUSLEY said they now bad in Mr. Fergueson
" the right man in the right p'ace," and that he ought
to be paid liberally. He thought the principal officers
should be paid by an accumulating percentage. He
obj ected to the dividend being paid so early as August.
(Cries of "Oh, oh," and laughter.l Asking for bor-
rowing powers to-day showed the directors had not the
money with which to pay the dividend if they discharged
their current debts. He submitted the time of payment
of the dividend should be on the Ist October.
Mr. PUNCHA.RD assented to the change. All he wanted
was a day to be fixed for the payment of the dividend.
Mr. HORSLEY suggested. that,
_the shareholders should
have the privilege of a free entry to the palace. (Loud
cries of "No, no.")
After some discussion the amendment was altered to
the payintnt of the dividend on Ist October, without
payment of income tax, and agreed to.
The remaining resolutions, confirming the re-election
of the retiring directors, and other matters connected
with the company, were then agreed to, after which the
meeting separated.

POLICE INTELLIGENCE.—(This Day;