The Sun.
London, England, 1869-07-06 00:00:00

FRANCE.

BOURSE, July:s.—Three o'clock—The market
closed as follows :-
41 per Cent.
End of month... Ital4.an Fives 56 55
3 per Cent
End of month 7O 62} Ottoman Loan ... 320
Credit Mobilier 236 25 Do. Debt... •43 25
End of month — Spanish Threes 30 50
Credit Foncior 1652 50 Rome Debt —
End of month... Deferred ......
RAILWAYS. Cash,
Orleans
Northern
Lyons and Mediterranean
Southern-- 626f
Western
Eastern
Sardinian
Austrian
Lombard
North of Spain
Saragossa
Roman

786}
522*
53

711 E CONSERVATIVE LAND SOCIETY.

(THIS DAY.)

The 67th quarterly meeting of the shareholders was
hold this day at the Norfolk-street offices.
Mr. GRUNEISEN (the secretary) having real the adver-
tisement convening the meeting, the following report was
read _ _

" The returns which the Executive Cpmmittee are
enabled to supply in this their Sixty-seventh Quarterly
Report will show to the shareholders that the receipts for
the three first quarters of the present year, to end on the
30th of September, continue to be quite satisfactory. The
tabular statement subjoined gives the cash receipts for the
Christmas, Lady Day, and Midsummer quarters, as also
the number of shares issued for the same period, and
the grand totals up to the 24th of June, 1869 :

Shares in Shares Total
Qrs. ending Receipts.
progress. Complete Shares.
--- -- -- -
Dee. 25, 1868 .... 417 121 510 J 136,028 3 9
March 23, 4869 .. fl 6 110 •6 6 42,'30 10 6
June 24, 186 •...... 3:5 116 441 36,133 710
- --- --
Three Qrs. ending
June '44, 1869.... . 1253 319 1,607 114,397 2 1
Totals to Mt-
chaelmai, 188. 24,631 5,923 30,67,4 1,283,946 7 3
Grand totals to
Midsmr.Day,lB69 115,889 6,272 31,161 1,403,343 9 4
The total withdrawals under the rules
since the formation of the society(lBs2) _ _

The total withdrawals u
since the formation of th
to Midsummer, 1869, are ...
The last share number issued-to Midsum-
mer, 1869, was No. 32,161.
The reserve fund to Midsummer, 1869
(exclusive of office premises and furni-
ture account), amounts to .£10,350 15 7
The demand during the quarter for building advances
on the estates purchased by the United Land Company
(Limited) has been extensive ; in addition to the proper-
ties in so many counties originally acquired by the Con-
servative Land Society, on which building operations are
more developed every year, the company has bought
valuable land in different localities where the want of
houses has necessitated :numerous proposals for the so-
ciety's aid. The anticipations therefore that the two
associations, co-operating together—the one in the acqui-
sition of freehold land eligible for building purposes, and
the other in granting of loans to enable purchasers of plots
to turn their investment to the best and promptest account,
by erecting villas or houses—would be of mutual assistance
and advantage, are being realised. The executive commit-
tee look forward to increased business for the society, as
the United Land Company (Limited) sell either by
auction or by allotment their valuable town and suburban
estates at Kilburn (Harrow-road), West-hill (Putney-
heath), Holloway, Fulham-fields, Hammersmith, Willes-
den, Muswell-hill, Edgeware-road (Royston Hall), Clap-
barn Junction, Forest Gate, dm. The provincial pro-
perties, such as Sheerness, Portsmouth, Wellingborough,
Northampton, Brighton, tcc., will be also feeders to the
society in its building advance department. One mate-
rial question connected with Metropolitan and Suburban
building calls for special reference. The Executive Com-
mittee have at various times made strenuous exertions to
impress on railway companies the importance of devising
means to secure for the inhabitants of the outlying dis-
tricts of the metropolis cheap and regular accommoda-
tion. It has come under the observation of the
board that wherever inducement was held out of
moderate railway fares and early trains the traffic in-
creased materially, as building was extended to within a
reasonable distance from the stations. Whenever a rail-
way company has increased the fares and decreased the
accommodation, the development of a neighbourhood has
suddenly ceased. In the eastern suburbs, an increase of
charges, particularly for the working classes, was suc-
ceeded by a diminution of the number of passengers, for
which the raised tariff could not possibly compensate, that
the companies returned to the old scale of faros, and the
movement for building progress was renewed. It is im-
possible to mistake the effect produced by even the smallest
percentage being added to a pre-existing scale of fares. The
executive committi.e are more strongly urged to refer in the
present report to this Thal question, for the artisans, of
railroad accommodation, as the wholesale destruction of the
dwellings of working men is constantly recurring. For a
time there seemed to be a cessation in the pulling down
of houses, but the vast changes and improvements in
town now being carried on and in contemplation, must
drive vast numbers of persons to distances from London,
and render railway travelling a necessity for those classes
whose callings are in the metropolis. Early and cheap
trains must sooner or later prove remunerative co the rail-
way companies ; by imposing prohibitory fares they stop
progress in the suburban districts, and thus dimi-
nish the prospects of creating traffic. The Executive
Committee have announced a sale by auction, on the
22d of July, of the houses on the Round Hill estate,
-Brighton, on which a considerable sum has been re-
cently expended. Situated as these habitations are within
easy walking distance from the sea and the railway station,
and in one of the healthiest localities in this popular water-
ing place, an eligible opportunity is offered for invest-
ment or for residential purposes. There aro also houses
at Weymouth for sale, adjoining the station and a few
yards from the sea, which will be disposed of on the same
favourable conditions as those at Brighton : namely, the
payment of the purchase money by easy monthly or other
instalments. The Executive Committee, in concluding
this report, whilst congratulating the shareholders on the
continued prosperous condition of the society's buiine ss
beg to explain to them, as to the mode of investment, that,
alth 'ugh the Conservative Benefit Building Society and
the United Land Company (Limited) are distinct associa-
tions, the latter being incorporated under the Companies
Acts, and the former enrolled under the Friendly Societies'
Acte, that it is quite open to the shareholders of the one to
be members of the other; investment in either or both
being et tirely optional.

~: £346,841 16 2

fLEFT BITTING. I

MARIC.E7 S-7 Ills DAY.

LIVERPOOL COTTON MARKET.
July s.—Sales probably 8,000 bales. The maikut
steady.