The Sun.
London, England, 1860-07-27 00:00:00

ELECTRIC AND INTERNATIONAL
TELEGRAPH

The report of the directors of this company states
that the increase in the receipts amounted to £3,075
over those of the corresponding half-year. The
directors were consequently enabled to recommend
a dividend of 31 per cent. for the half-year against
31 per cent. in the corresponding period, carrying
a balance of £5,618 out of the clear earnings of the
half-year to the renewal fund, which with intatest,
would then amount to £29,035. The condition of
the company's submarine cables to Holland and
their heavy annual repairs have engaged the
anxious attention of the board. The light cables
to the Hague were laid in 1853-4, and, from their
inability to withstand the shocks to which they
were subjected from anchors, had proved a source
of constant expense and recurring interruption to
the service. As these cables become older the
casualties grow more frequent, and, after the most
careful considerat;on, the directors arrived at the
conclusion that their most economical course was
to substitute a new and powerful four-wire cable
for the present defective lines. The prudent pro-
vision of a renewal fund would enable them to lay a
strong cable of the most modern and approved
form, without trenching on capital or interfering
with the current dividends, and the directors have
consequently taken tenders for a cable similar to
their Za,ndvoort, which, although on two occasions
temporarily interrupted, had given great satisfac-
tion to the board. With two such cables the direc-
tors felt that their communication with the con
tinent might be considered safe. As the company's
internal system had for some time embraced
nearly the entire kingdom the extensions during
the last half year had been few and unimpor-
tant ; several works had been done for railway
companies, the cost of which would be repaid by
them. The lines of telegraph through the Isle of
Wight had been completed during the half-
year, and were already remunerative to the
company: By arrangement with the Govern-
ment wires were being carried forward from

PEIGA 41). STAMPED, 51:'•

Aberdeen to Balmoral for the use of her Majesty.
The works of the company throughont the country
had been • maintained in a state of great efficiency
during the half-year, notwithstanding the un-
usually severe gales ; and various improvements
and appliances for facilitating the despatch of
business and economising labour had been intro-
duced. All the principal seats of commerce were
now in possession of direct circuits, and this ad-
vantage, whereby repetitions and consequent de-
lays were avoided, was being largely developed.
The extensive introduction of the printing instru-
ment was also adding very greatly to the company's
power of rapid transmission ; and, large as the in-
crease of business had been, the Board were ena-
bled to state that at no previous period were they
more prepared for a considerable addition to it;
and they would endeavour, by constantly availing
themselves of every improvement which science and
experience could suggest, and by carefully studying
the public interests, to improve the character for
regularity and despatch which the company had
already obtained and by which alone it could con-
tinue to prosper,

-.-,- -

LA W IN TELLIO.ENC,E.-Aly 26.

INSOLVENT DEBTORS' COURT.
(Before Mr. Commissioner Nichols.)
IN RE JAMES PECS:ENGLISH OPERA AT DRURY-

LANE THEATRE.
The insolvent, known as " Dr. reel]," who had
been musical director of the English Opera at
Drury-lane Theatre, was further heard.
Mr. Dowse opposed for a creditor named Joseph
Braham; and Mr. Cocke'rell,, a creditor, appeared
in person ; Mr. Sargood supported.
For one week at Easter the insolvent was the
musical director of English Opera at Drurplane
Theatre. The, rent was £125 a week, and he
alleged that the speculation failed, because a suf-
ficient sum of money had not been advanced by
Henry Braham, who had promised, he said, to
make advances.

Several complaints were urged. Mr. Cockerell
had lent £25 for ten days, on the insolvent saying
he was( not liable in the theatre. The insolvent
denied the allegation, and said when he had the
money he had not become liable. The complaint
of Joseph Brahatu was, that the insolvent had
allowed his mother-in•law, Mrs. Noble, to obtain
an execution and take his furniture for advances to
his wife when they were separated. He denied
that he had rendered any assistance to his mother-
in-law.

The Court was of opinion that there was nothing
in the case to prevent the insolvent having his dis-
charge, and it was decreed.
The case was not concluded till past six o'clock.

ASSIZE INTELLIGENCE.

OXFORD CIRCUIT.-STAFFORD, JULY 26.

NISI PRIUS COURT.
(Before Mr. Justice Byles.)

SIR R. PEEL, BART., V. JENNINGS AND OTHERS.

-ACTION FOR TRESPASS.

On the case being called on this morning,
Mr. Gray, the leading counsel for the defence, said
he was happy to say that such an arrangement had
been come to between the parties as would
prevent any further hearing of the case by
the court. The learned counsel said that
upon the adjournment of the Court yesterday
he advised his clients that such was the testi-
mony that had been adduced in favour of Sir
Robert Peel's Maim to the islands in the river that
they had better settle the matter, and prevent it
from going to the jury. His advice had been acted
upon, and an arrangement satisfactory to all parties
had been come to.

Serjeant Whateley then congratulated the jury
that they would have to give no further attention
to the case. In consequence of the advice of his
learned friend, Mr. Gray, the defendants were
willing to acknowledge Sir Robert Peel's claims to
half the river, and generally the islands, and it had
been arranged that Sir Robert should purchase
Round Island in the river, and deepen and other-
wise improve the stream, so as to make the same
of more advantage both to himself and the town of
Tamworth generally. He (the learned counsel)
need not say how very gratifying it would be to
his distinguished client to learn that the defend-
ants were satisfied that he had taken the'proceed-
ings of that trial in no spirit of antagonism to his
constituents, but simply to establish his right to a
property which he lawfully inherited.
The record was accordingly withdrawn.