The Sun.
London, England, 1867-08-02 00:00:00

lIYIPERIAL PARLI IYIENT

HOUSE OF LORDS--LAST EVENING.
The LORD CHANCELLOR took his seat 00 the woolsack at

five o'clock.

PETITION.
Lord OVERSTONE presented a petition against cer-
tain clauses in the bill now before the house entitled the
North British Railway Dill.
The Duke of CLEVELAND sail there were some cir-
cumstances which would render it imperatively necessary
that a preference should be given to a class of shareholders.
Tho noble duke then wont into an elaborate statement as
to the arrangements which some companies were obligo•i
to make for the issue of fresh stock, and said that in many
cases it was the Only means of saving the credit of the
companies. The House of Commons itself had sanctioned
this course of procedure.
The Duke of MONTROSE said that on examining the
petition he found that it was signed by two persons only,
ope of whom was an attorney and a very small
shareholder, and the other was likewise a very small
shareholder. Tho great body of the shareholders had
assented to raise money in the way which had been sug-
gested, and against which course this petition had been
presented, and he thought that as it was only signed by two
individuals it would bo going too- far to *expect that the
house should act upon it. A railway in the position de-
scribed was like a stranded ship where the captain could
raise money for repairs by a prepreference mortgage.
After a few remarks from Lord REDESDALE and a reply
from Lord OVERSTONE, the bill was read a third time as

amended.
DOGS REGULATIQX,BILL (IRELAND) ACT.
This Bill was read a second time.
THE REPRESENTATION OP THE PEOPLES' BILL.
The adjourned debate on this bill in committee was then
resumed.

*At the Half-yearly General Meeting of the Proprietors,
held on Thursday, the Ist August, 1867, at the City Ter-
minus Hotel, Cannon-street Station, the following Report
for the half-year ending the 30ta Juno, 1867, was read by
the Secretary.
W: CHAMPION JONES, Esq., in the Chair.
REPORT.
The Directors, in submitting to the Proprietors the
Balance-sheet of the Bank for the half-yeur ending the
30th of June last, have the pleasure to report that, after
paying all charges, and interest to customers, and making
provision for bad and doubtful debts, the net profits
amount to £82,058 2s. 2d. This, added to £14,467 lls. 6d.
brought forward fruni the last account, produces a total of
£96,525 13s. Bd.
The.i,, have declared the usual half-yearly dividend of 6
per cent. with a bonus of 5 per cent. (together equal to 22
per cent. per annum), which will absorb £89,444 12s. 7d.,
and leave £7,081 ls. id. to bo carried forward to Profit and
Loss New Account.
The dividend and bonus (together £2 4s. per share),
free of income tax, will be payable at the Head Office, or
at any of the Branches, on and after Monday, the 12th
instant.

BALANCE SHEET OF THE LONDON AND COUNTY
BANKING COMPANY, 30TH JUNE, 1867.
Du. •
To capital paid up .. £850,864 0 0
To reserve fund
To amount due by the
Bank for customers'
balances, &c.
To liabilities on ac-
ceptances covered
by guarantees and
securities

1,397,181 10 10
____---13,429,518 11 8

To profit and loss ba-
lance brought from
last account
To gross profit for the
half-year, after mak-
ing provision for bad
and doubtful debts

14,467 11 6

249,057 10 1

263,525 1 7

£14,954,771 13 3

CR.
By Cash on hand at
Head Ottico and
Branches, and with
Bank of England .£1,852,746 19 11
By cash placed at call
an lat notice,covered
by securities 1,431,604 16 8
£3,281,351 16 7

By investments, v:z.:—
Government and
guaranteed stocks 911,899 2 2
Other stocks and
securities.
--- 978,795 17 6

By discounted bills,
and advances to cus-
tomers in town and
country
By liabilities of cus-
tomers for drafts ac-
cepted by the Bank. 1,397,184 10 10
10,331,327 15 0
By freehold premises in Lombard-street
and Nicolas-lane, freehold and leasehold
property at the Branches, with fixtures
and fittings
By interest paid to customers
By salaries and all other expenses at Bead
Office and Branches, including income
tax on profits and salaries

£14,954,771 13 3

PROFIT AND LOSS ACCOUNT.
DR.
To interest paid to customers, as above £54,102 0 10
-To expenses, as above
To rebate on bills not due, carried to new
account
To dividend of 6 per cent. for the half-
year
To bonus of 5 per cent. 40,656 13 0
To balance carried forward

£263,525 1 7
By balance brought forward from last
account £14,167 11 6
By gross profit for the half-year, after
making provision for bad and doubtful
debts

219,057 10 1

£263,525 1 7
We, the undersigned, have examined the foregoing
Balance-sheet•, and have found the same to be correct.

(Signed) FREDK. FRANCIS,
WILLIAM NORMAN, Auditors.
R. H. SWAINE,
Loudon and County Bank, 25th July, 186 .
The foregoing report having been read by the Secretary,
the following resolutions were proposed, and unanimously
adopted :-
1. That the report be received and adopted, and printed
f the use of the shareholder&
That the thanks of this meeting be given to the Board
of Directors for the able manner in which they have con-
ducted the affairs of the Company.
(Signed) W. CHAMPION JONES,
Chairman.
The Chairman having quitted the chair, it was resolved,
and carried unanimously-
3. That the cordial thanks of this meeting be presented
to W. Champion Jones, Esq., for his able and courteous
conduct in the chair.
(Signed) PHILIP PATTON BLYTH,
Deputy-Chairman.
Extracted from the Minutes.
(Signed) F. CLAPPISON,
Secretary.

LONDON AND COUNTY BANKING
COMPANY.

NOTICE IS HEREBY GIVEN that a DIVIDEND on
the capital of the Company, at the rate of Six per cent. for
the half-year, ending June 30, 1867, with a bonus of Five
per cent., will be PAID to the Proprietors, either at the
Bead-office, 21, Lombard-street, or at any of tho Com-
pany's Branch Banks, on and after MONDAY, the 12th
Inst.

By order of the Board,
W. M'ICENVAN, General Manager.
21, Lombard-street, Aug. 2, 1867.

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On clause 15 being proposed,
Lord GREY moved as an amendment that at line
4 the words 10,000 should be omitted, and the words
_2,000 inserted, and at the end of the clause should be
added " the boroughs enumerated in the second part of
the schedule should only return members to Parliament
jointly in the manner described." He condemned the whole
system of redistribution which had been proposed. The right
hon. gentleman who represented the other house in Parlia-
ment had stated that he should be willing to
propose a more extensive redistribution of scats if
the house would support him. Now the amendment he was
about to propose would not be adverse to the principles of
the bill, and he could not conceive anything more inju-
rious than it would be to neglect this great question of
redistribution.
The • Earl of DERBY, who was received with cheers,
said-When I came down to the house this evening, 1 own
I was under some misapprehension that your lordships
might be induced to consent to the amendinent of the noble
earl, which. would have the effect of placing the Govern-
ment in a position of extreme embarrassment. (Hear, hear.)
But I confess that, having listened to the noble ear], and
heard the whole of his statement, I am considerably re-
lieved from this apprehension, for I cannot believe it is
possible your lordships will adopt a plan so crude and in-
complete, and that you will not, with the view of settling
the great question of Reform, enter upon a new Reform
Bill altogether, and introduce a number of new and untried
principles, which, if proposed at the beginning of May,
might be worthy of consideration, but which could only
lead to embarrassment at the present time. The principle
we went on was that disfranchisement should coincide
with enfranchisement, and, acting upon this, we thought
we should not deprive any Englishman of enfranchise-
ment, whether he lived in a small or large town, for the
purpose of enfranchising communities which had grown
up of late years. But the noble earl goes upon a totally
different principle, and proposes to partially disfranchise a
number of towns fer the solo reason that their population
is under 12,000. There might be some justification for
such a course ii the noble cad could show that those towns
had been gradually decaying since 1832. But I find that
the contrary has been the case, and that every one of the
twelve towns has been steadily progressing. But the
noble earl, not merely content with his own plan of dis-
franchisement, has his eye also directed to the proposal of
the noble lord behind him for disfranchising all boroughs
with a population below 5,000 ; or, if that should not be
acceptable, for grouping them a proposal which had been
made last year without success. The noble lord's project
is this, that, without any reason which I can understand,
your lordships aro called upon to partially disfranchise
every borough having a population below 12,000. This I
amendment goes further in the way of disfranchise-
inept than any bill which has ever boon laid before Par-
liament, fur none of these have ever proposed to raise tho
line of partial disfranchisement so high as boroughs with
a population of 12,000. What has happened this year ?
Her Majesty's Government propose to fix the limit of
partial disfranchisement at 7,000, but the House of Com-
mons, by an amendment moved on tho Liberal side, fixed
the limit at 10,000. I have, therefore, the precedent of
former measures of Reform, the authority of noble lords
opposite, and the sanctien of the House of Commons
this year for saying that 10,000 is a fair and sufficient
basis to take as the limit below which a borough shall not
return more than one member. It would certainly, I think,
require a strong case to convince your lordships that you
ought to go further in the way of disfrahchisement than
the House of Commons. The noble earl proposes to do so
in order to adopt a principle entirely unknown to the Con-
stitution and entirely novel, except in so far as it was
introduced on a limited scale the other evening by the
motion of my noble and learned friend (Lord Cairns)-
that of extending all over the country the representa-
tion of minorities by the creation of a large number of
throe-cornered constituencies. If I had been present the
other evening I should have had great difficulty in ac-
ceding to the proposition of my noble and learned friend.
It may, however, be safely adopted on a small scale as an
experiment, but extended over the whole or a largo por-
tion of the constituencies, I say nothing could be more
opposed to the constitution of the country, or could work
more partially and unequally, than the representation
of minorities carried out through three-cornered con-
stituencies. The noble lord asks us on the Ist of August
to consider a scheme of partial disfranchisement and
of enfranchisement, the details of which he has not
, matured. He sees the difficulties of the task ; he admits
that ho has not sufficient information, but he asks Par-
liament and he invites the Government to take up his
crude and undigested scheme, to make sense of that
which is nonsense -(oh, oh) -at all events, which is no
scheme at all,,for it-does not give the slightest sketch of a
plan which could be carried into effect as it stands. If such
a proposition had come from the Government, it would
have been justly scouted ; and it passes my comprehension
how any noble earl could have thought that he should bo
able to induce your lordships to send to the House of Com-
mons in the first or second week of August a new and un-
tried scheme for the redistribution of seats. If the noble
lord had brought forward this proposition three months
ago, I might have said that it was a very fair subject for
the house to take into its consideration, and I might have
asked for an adjournment in order to enable the noble earl
to lay before Parliament the details of his scheme. But
when at this period of the session and this stage of the bill
he brings forward this proposition, I can only say that it
can only have one effect, that of throwing everything into
confusion, and of putting an end to' all that has hitherto
been dono towards the settlement of a very difficult ques-
tion ; and 1 do not hesitate to say that if so crude an
amendment as that of the noble earl be carried, it will be
my duty to move that progress be reported, in order that I
may consult with my colleagues as to the course which we
shall adopt. (Murmurs.) I cannot undertake on the part
of the Government to accept an amendment which unsettles
everything and settles nothing. (Cheers.)
After is few words from Lord HARROWB; strongly sup-
porting Lord Grey's amendment,
The Duke of ARGYLL said that the last remarks of
' Lord Derby had placed the 'louse of Lords in a most diffi-
' cult and delicate position. Yet he trusted and was sure
that their lordships would not swerve from their duty.
1 They could not be expected to remain silent when the pro-
visions of abill like this were before them, and a bill like this
they could never expect to have at an earlier period of the
session than they had it now. It was wrong, therefore, for
Lord Derby to give utterance to what was Virtually a
--.—. threat when he said he would give up the bill altogether
THE ANDAMANESE.—The Madras Times has an
if their lordships ventured to express an opinion on
the very matter which was brought before them for de-
account of the expedition of the Arracan, under command .
mum. He, for one, quite agreed in tho proposed plan of
p
of Captain Barrow, instructed to ascertain the fate of the g
captain and seven men of the ship Assam Valley, who were
mruocuing. It added permanence to the scheme, it would
h diminish bribery, and redoes the number of mem-
cut off in April by the natives of the Little .Andaman. The
begs displaced from the counties to which they belonged.
Arracan proceeded to the place where a sailor's hat and part
Tho noble duke went on to read a table giving the proper-
of his dress were seen on the rocks, when the whole party
tion of population to representation in the chief counties ol
landed with some difficulty, owing to the violent surf. As
England, and concluded by asking the Government to re-
they stepped on shore they were met by a volley of arrows. consider their scheme of Redistribution, when they. might
The greatest forbearance was inculcated on our men. They depend upon the support of their lordships Who sat on that
wore not to fire except in self-defence, and until all hope of and useful measure.
peaceful negotiation with the natives was at an end. Not- Lord CAIRNS said he did not
withstanding this friendly intention, and. the forbearance side of the house to pass a really geto,a
of the Europeans, the arrows from the swages kept flying would - si• -s uovernment plan of Redistri-
bution
thickly among our soldiers and some got, wounded. The very mu a- .mpt to deny that he
andextended,but yet, on the
.. altered
whole, I,
men were then told to defend themselves with their arms,' ~. • es., could not for a moment consent to support the
gladly dly have seen tl- - -
when some of the more active and prominent of the An- sinendment of Lord Grey -an amendment which, as had
- been truly said, was little, if at all, short of another Reform
damanese were knocked down. The natives then got into
pits in the sand, and hid behind trees, -while our people Bill. The ree:ult of such an amendment would be, i I -
commenced a search fer the missing ones. Soon a lon tied, that
line of graves was found. The bodies were buried in f sponsib";ity which he believed their lordships would
shrink
circle, the head of one man touching tb.e feet of another, frot, 'condemned the system of grouping, and earnestly
illa Bill must be abandoned, and his was a
shrink
He
and the face of each person was just vii Able on the surface ,
of the ground- There were eight bodies thus found, and intreated their
no doubt they were the eight unfortunate men belong' • deed, any of the ideas whichat .
this late hour wore sought
to the Assam Valley. Parts of their, dress were br .-11 g to be forced on their acceptance.
lordships not to entertain that idea, or, in
for identification. -ought
Lord RUSSELL, after briefly reviewing
. the history of