The Sun.
London, England, 1858-07-26 00:00:00

THE ROY AL VISIT TO CHERBOURG.

On Saturday the ships of war appointed to escort
her Majesty to Cherbourg commenced assembling
at Spichead. The squadron will be under the com-
mand of Admiral Lord Lyons ; Rear-Admiral Sir
C. H. Fremantle being second in command. It
will be composed of the following screw steam-
ships :—Royal Albert, 121 ; Royal George, 102 ;
Renown, 91 ; Orion, 91 ; Exmouth, 91 ; Hannibal,
91 ; Cressy, 80 ; Brunswick, 80 • Euryalns, b 1;
Diadem, 32 ; Cura9la, 31 ; Terri;le, 21 ; Racoon,
21 ; Racer, 11 ; Archer, 13 ; Argus, 6 ; Hydra, 6 ;
and Scourge, 6.
In immediate attendance on the royal yacht
Victoria and Albert will be the Admiralty yachts
Osborne and Black Eagle, and the Vivid and
Banshee, and two of the vessels of the Peninsular
Steam Navigation Company, with the members of
the Houses of Lords and Commons on board.
Her Majesty will leave Osborne on the 3d of
August, attended by the Duke of M.lakoff, Earl
of Derby, Lord Malmesbury, and Mr. Disraeli,
returning to Osborne on the 6th instant.
Numbers of vessels belonging to the different
yacht clubs are assembling in the Solent, tow:nom-
' pany the Queen.
Tile members of the Houses of Lords and Com-
mons embark at S,uthanopton, and several excur.
sion boats are announced.

All who wish to land should provide themselves
with passports.

The M;rechal Duo de Malakoff will accompany
her Majesty in her visit to Cherbourg. His Excel-
lency will be on bDard the flag-ship, the Royal
.111321 t, in compliance with the subjoined invitation
from his old companion in arms, .Admiral Lord
Lyons :

"Her Majesty's Ship Royal Albert,
Spithead, July 18, 1858.
"Monsieur le Mardchal,—l hear with pleasure that
your Excellency proposes to accompany my most
gracious Sovereign, the Queen, to Cherbourg,
and I hope that you may not consider me
very presumptuous in aspiring to the honour of con-
veying your Excellency and suite in your old ac-
quaintance, the Royal Albert. Independently of the
'ionour of having so distinguished a guest on board my
flag-ship, it will be a very high gratification to me to be
Again in social intercourse with the great commander of
vhose deeds of arms and friendliness towards my noun-
trymen I was a daily witness throughout. the Crimean
expedition.—l have the honour ,to be,. Monsieur le
Nlatti2hsl, with sentiments of the highest c6nsideration,
your Excellency's most faithful servant,

" LYONS.
"His Excellency Marshal the Duks of Malakoff,"

The following is the Imperial itinerary from Paris
to Cherbourg :
Leave Paris 3d of August. Stop at Mantes,
Evreux, and Lisieux. Arrive the same day at Caen,
where a ball is to be given.
Leave Caen the 4.,h ; stop at Bayeux and Caren-
tan : arrive at Cherbourg.
sth, 6th, and 7th remain at Cherbourg, where
there will be a ball on the 7th.
Embark for Brest on the Bth, after having at-
tended D: vine service.
9th, arrive at Brest,
10th and 11th, remain at Brest.
12th, departure from Brest.
13th, departure from Quimper, arrive at
L'Orient.
140, remain at L'Orient.
15th; leave L'Orient, attend Divine service at
St. Anne d'Auray ; arrive at Vannes,
ICth, leave Vannes, arrive at Napoleonville.
17. h, leave Napoleonville, arrive at St. Brieuo
for a ball.
18th, arrive at 9
10i.n, arrive at Rennes.
20th, remain at Rennes.
21st, leave Rennes and arrive at Paris.

LONDON, BRIGHTON, AND SOUTH COAST

RAILWAY.

HALF-YEARLY MEETING (THIS DAY).

Toe usual haif-yearly meeting of the proprietors la
this undertaking was held this day at the Bridge Houb•

Leo Schuster, Esq,, Chairman of the Board of Dirge- -
tore, presided.
The report (which has already appeared in The Sun)
havieg been taken as read,
The CHAIRMAN said he had great pleasure in meeting
the shareholders and to congratulate them on the result
of their parliamentary operations, whicf., taken.
as a whole, he looked upon as eminently calculated
to add to the success and profit of their undertaking' ,
As regarded the bill promoted by the Mid-Kent Cora'
pany for the construction of a competing line to Oro,'
don the directors had not been disappointed in the':
anticipations. The bill was withdrawn in oonsequence
of this company entering into an agreement to construct •
a spur line Tom the Nor so td station of less than half*
mile, by which all the requirements of the Mid-Kent`
Company would be met. The next project they had to
encounter was what was called the Shoreham, Horahatoar
and Dorking Railway. After an investigation of 116
days the Parliamentary committee rejected the raontetet.
iog bill, and sanctioned the measure promoted by this
company for constructing the line from Shoreham via
Steyning and West Grimsted, ti join the Mid-Sugsa
Railway, near Horsham. At the tame time the commit" •
tee stated it to be their opinion that the public interest!
would be best served by committing the conetruotion of
the line to the London and Brighton Company. In the
bill promoted by the Portsmouth Railway Compaq -
powers were sought for constructing a lii,e parallel Wi
this company's railway from Havant to Hassle Fort, Iset`
to Cosham, and for running over and using this car
parry's line between those points, as well as the joint HO
from Hilsea into Portsmouth, including the use of tb.
joint Pt rtemouth station, The bill-was opposed by thw
company, jointly with the South-Western Company. Tali
contest resulted in the Portsmouth C)mpany obtaining
the powers both of construction and of running, 1211$ -
protective clauses were inserted which Bemired a propel
arbitration as to the tolls to be paid, and this prevents"
the c taipany from using our station, so the Brighton
Rao way stilt remained in the strong position they forle
merly nai t tined, to oerry on their own traffic
tureeeurbed by any one. (Cheers.) The capital account; •
he believed it would be perceived, had not much altered
since their last meeting. With respect to the
traffic account, they, in common with all otheg
railways, had suffered a loss in passenger raven°e
amounting to about 4,000/. ; the falling off principal'',
being in what was called the long traffic, and had it o°'
been fur their West-end line he feared the deficienci
would have been greater. With respect to the ordinary
expenditure of the company great efforts bad been mad.
to reduce the outlay, and he had the satisfaction of 10;
forming the meeting that the object had been attained
without reducing the efficiency of their staff or the cos'
venienco of the public. Great reductions bad been
made in prices paid for articles of consumptito4f
and in one item alone, that of coke, a saving 0e
4,0001. bad been eff cted, and in the contracts that
had been entered into that reduction would go on. The
price paid for coke had been between 28s. and 295., 1311
that at which they would new be supplied was shone
21e. Redactions of a similar description had bees
male in oil, tallow, and, in fact, everything used Oal
their line. In the permanent way account an outlay ha'
taken place for the relaying a portion of the I:lastingly
line, but the directors looked upon the efficiency of the
permanent way as the greatsource of profit, as it gave tbe
public confidence, and showed that due care was taken
for the prevention of accidents. It was true the relay:
leg of the part of the line referred to was not immediate/
r quired, but the directors, knowing full well it woe
have to be done shortly, thought it the best way was to do
it at once—(hear)—and he had the greatest pleasure •
informing the shareholders that there was no appeal
ance of there being further calls for relaying for Sea'
to come, It was another source of gratificatil
th
to toe director-. hat ti•e debenture stock to is
amount of 210,8001. bad been taken. lb
proved that the pu ul c nod confidence in the undertaki°ll
He did not think there was any other part of the report
to which he need allude, so he would conclude by
simply moving the adoption of the report, at the tells
time he should be glad to answer any cenestieffse
might be put to him.
The motion having been seconded,
,
A SHAREHOLDER said be begged to direct the attention
of the chairman to the evidence given by Mr.eMowatt ,
a recent trial, with respect to the auditing the account'.
of public companies. Mr. Mowatt, said, in answer toll
question put by te learned judge, that the 0'
counts were audited by the ordinary auditors of tbe
cotoraly, but they did not make any discovery of the
frauds that bad been committed. He added, that Di°/
his opinion the employment of the auditors was
complete farce. All they did was to come to the
office a few times a year, look casually over the
books, and have their lunch, and then go away. I'l-JO:a
he did not mean to say such an observation applied
them, but it was important that the attention
directors generally should be drawn to the statement.
The CHAIRMAN said the shareholders need be under
no appreheeeion. The audit of their accounts el'
carried on in a manner very different from that lee 9;
tioned by the honourable proprietor. It wBO.l.
thorough and strict investigation into all the liab
ties and assets of the company. tHear, hear, 00
cheers.)
Too report, which declared a dividend of 24 per &net
f tr tl e half year, was then adopted, and the ceoessa7r
resolutions for creating capital to proceed with thal,
portion of the Vic',oria.siat ion and Crystal Palace 11:14
way, b,iving been agreed the proceedings terrain° -
with a vote of thanks to the chairman.

Mr. G. P. R. Jatne,,, the novelist, who has been far
several years her Maj-u-ty's Consul at Richmond, 1;
Cinia, has been appointed Consul at Venice ; and ar
Bar:,ar, wi ose conduct as Acting Vice-Consul at DraP.bo-
during the cessation of di; lornatic intercourse with
Court of the Two Sicilies, has teen so frequently afi:
proved, will succeed Mr. James as Consul at fliohnion
The appointment is worth about 7001. a-year. 0'
A Cabinet Council was held on Saturday at the °
cial residence of the Chancellor of the ExchequeLrl
Downing-street. The Ministers present were—tt e
of Derby, the Right Hon. B. Disraeli, the Lora 034;
cellor, the Marquis of Salisbury, the E 4 rl frisrdwi°ll;
the Right. Hon. Spencer Walpole, the Earl of WelP,!ot
the Earl of M.lmesbury, the Eight Hon. Sir E. Jl27„f„
Lytton, Gen. Peel, Sir J. Pakington, Lord Stsbe'''''
and L)rd J, Manuere.