The Sun.
London, England, 1858-02-24 00:00:00

LONDON, WEDNESDAY EVENING, FEBRUARY 24, 1858.

council, and of the persons to be first appointed
such ordinary members two shall be appointed for
four years, two for six years, two for eight years,
and two for ten years (such respective terms to be
computed from the commencement of thiS act) ; and
every perdon appointed an ordinary member of
council shall be a person who has been a•director of
the said company, or who has been for ten years at
least in India, in the service either of the crown or
of the said company, or who has been for 15 years
at least resident in India.
TI. Every ordinary member of council appointed
to fill a vacancy occasioned-by the expiration of the
terra of office of an ordinary member shall be ap-
pointed for the term of eight years, to be computed
from such expiration ; awl every such ordinary
member appointed to supply the place of an ordi-
nary member whose office has become void other-
wlie than by the expiration of his term -of OffiC2
shall be appointed for the remainder of the term
of office of such last-mentioned ordinary member;
and every person ceasing, or who, but for re-
appointment, would cease, to be an ordinary mem-
ber of council by the expiration of his term of office,
shall b 3 capable of being forthwith re-appointed.
VII. It shall be lawful for her Majesty to re-
move any ordinary member of council from his
office, upon an address of both Houses of Parlia-
ment.

TIII. The president for the time being shall be
capable of being elected and of sitting and voting
as a member of the House of Commons ; and in
case the person who immediately before the com-
mencement of this act is the presidenir"of the
commissioners for the affairs of India .be appointed
the first president of the councaestablished under
this act, and ba.at the time-of such appointment a
member of the House of Commons, he shall not by
reason of such appointment vacate his seat in Par-
liament.

IX. There shall be paid to the president the like
yesrly salary as that for the time being paid to one
of her Majesty's principal Secretaries of State, and
to each ordinary member of council the yearly
salary of 1,0001.

X. Four members of council may form a board.
XI. i n case at any board at which the president
is present there is a difference of (pinion on any
question, the determination of the president shall
be final ; and all acts done at any board in the ab•
sence of the president shall require the sanction or
approval in writing of the president, or of one of
her Majesty's principal Secretaries of State ; and
in case of difference of opinion on any question de-
cided at any board, the president may require that
his opinions, and the reasons for the same, be en-
tered in the minutes of the proceedings ; and any
ordinary member of council who may have been
present at the board may require that his opinion,
and any reasons for the same that he may have
stated at the board, be entered in like manner.
XII. Provided always, that no grant whatever
by way of increase of the actual charge for the time
being upon the revenues of India, no appointment
by the president and council to any office or em-
ployment on the establishment of the president and
il and no appointment or admission to ser-
cvoicuentc'
o be made by the president and council, under
the powers transferred to them by this act, shall be
made without the concurrence of the president and
four at least of the ordinary members of council,
but thie enactment shall not extend to persons be-
coming entitled thereto, as mentioned in sec. 41 of
the said act of the 16th and 17th years of her Ma-
jesty, but such appointments may be made at any
board-

XIII. During any vacancy of office, dzc., of pre-
sident his powers to be exercised by Secretary of
State.

XIV. Arrangement of the business of the council.
XV. Establishment of president and council to
e fixed by order of her Majesty in Council.
XVI. One secretary may sit in the Souse of
'om►nons.

XVII. Appointment of offi _era and their salaries,
&c.

POWERS OF PRESIDENT AND COUNCIL.

XVIII. President and council to exercise powers
now exercised by the Company or Board of Control.
XIX. A specified number or proportion of the
cadetships to be given to sons of civil and military
Ber v anti.

XL All appointments to offices' commands, and
employments in India, which by law or under any
regulations, usage, or custom are now made by any
authority in India, shall continue to be made in
India by the like authority.
XXI. Existing provisions to be applicable to
president and council, &c.
XXII. Orders and despatches which may now
be sent through secret, committee may be sent by
or to the president alone.
XXIII. When any order is sent to India, direct-
ing the actual commencement of hostilitisa by her
Majesty's force in India, the fact of such order
having been sent shall be communicated to both
houses of parliament within one month after the
sending of such order, if parliament be sitting, and
if parliament be not sitting then within one month
of er the next meeting of parliament.
XXIV. All orders and communications of the
president and council which shall be sent to India
shall be signed by the president or one of her Ma-
jesty's principal Secretaries of State.
_,
XXV. Powers of sale and purchase and contract-
ing given to president and council.
XXVI. Warrsnt9
relating to India to be countersigned by the Presi-
dent. &c., under royal sign manual

Cash balance
APPLICATION
charged on revenues
XXVII. Dividends OF REVENUES.
and future debts of the company, and exist-
ingand monies arising
XXVIII. Revenues
of India.
and liabilities and expenses,
:remit'ed to Great Britain,
Great Britain, to be paid to
XXXI. Stock standing president in council.
XXIX. 0
Bank transferred.
XXX. Stock ac of the company at the
to president and c in the name of the com-
pany transferred. to be opened at the Bank.
XXX[r. power t
sale, &c. of stock
transferred to president and
grant letter of attorney for
XXXIII. Exchequer and receipt of dividends, given
EXISTING ESTABLISH—NIB
for audit of acia bills and like securities
and council. _
XXXIV. Audit Ai"O"Ts.
XXXV. President accounts in Great Britain.
XXXVI. counts in India.
and council to make regula-
tions Parliament. Accounts to be annually laid before
Indian military and nasal XXXVII. The
East India Companymilitary and naval forces of the
NTs AND REGULATIONS.
shall be deemed to be the'
within the same to rand'
the said company,
and shall be ri a
an„, r
would have been under to serve
her Majesty as (hey the same obligations to serve
terms only, and beerl of her Majesty,
shall be liable to serve
limits only, for the same
Lions, allowances, privilegesd to the like pay, pen-
they had continued in the and advantages as if
com-
pany ; such forcer, and all service of the said
enlist-
ing in or entering the same shall
hereafter
subject to all Acts of Parliament,
continue and be
Governor-General of India in ea
laws of the
of war, and. all other laws, re until, and articles
sions relating to the East Ina agucliation., and provi
and naval forces re ipectively, as°lll. PanY'S military
if her Majesty's
Indian military and naval forces
resPectively had
throughout such acts, laws, articles
aad provisions been mentioned 0 ' regulations,
steal of such forces of the said
company,
referred to, in-
Inpauy, and the
pay and expenses of and incident to her Majesty's
Indian military and naval forces shall be defrayed
out of the revenues of India.
XXXVIII. Forces paid out of revenues of India
not to be employed out of Asia.
XXXIX. Form of at'e,tation ,s.,
enlistments, to be as directed by ' 7c., on future
her Majesty.
XL. Servants of the company to be deemed ser-
vants of her Majesty.
XLI. All orders and regulation
Director 4 or Board of Control to remainaofthe Court of
XLII. All functions and pewersnf in force.
courts of pro-
prietors and c iurts of directors of the
relation to the government of India, and
company.
poinl merits of such of the directors of a, and all ap-
the said com-
pany as have been appointed by her Majesty, shall
case, aad the yearly sums payahli, to the
fchairman
deputy-chairman, and other directors
company, shall cease to be payable, allot_ the said
passing of this act all powers vested in
herafter Majesty
of appointing directors of the said company shall
cease and determine.
XLIII. Board of Control abolished.
XLIV. Existing officers on home establishment
of the East India Company and of
Commissioners
for the Affairs of India transferred to the President
and Council.
XLV. Records of the company to
be delivered
to the President and Council.
rlaetrYii:i forces

ACTIONS_v VYv
AND CONTRACTS.
XLVI. The President and Council shall and
may sue and be sued by the name of the President
and Council for the Affairs of India, as if they were
a body corporate.
XL VII. President and Council to come in the
place of the company with regard to pending suite.