The Sun.
London, England, 1858-07-01 00:00:00

CRYSTAL .1" iL 1 C.E 01)MPA NY.

[The follower;. appeared iu part of olzr improssi: n of yes-
terday :]—
The sixth ordinary general meeting of the shareholders
of this company was held this day, at the Bridge House
Hotel, Southwark. T. N. Farquhar, Esq., occupied the
chair.

The usual routine business having been transacted,
The CHAIRMAN moved the adoption of the report, which
stated that the revenue account for the year ending 30th
cf April last showed a gross balance to its credit of 35,0 Th/.
After deducting all preference charges for dividend and
interest, the general revenue account showed an available
balance of 13,7901. The directors recommended that this
balance should be carried over to tho next half-year, and
if this could bo done they hoped, with the prospects
of the present season, to be able at the meeting in Decem-
ber next to submit a proposal for payment of such a
dividend on the ordinary shares as would be satisfactory
to the general body of proprietors. A considerable reduc-
tion had been effected in the past year under all the ordi-
nary heads of expenditure, and the directors trust that a
still further reduction may be attained by a strict and
vigilent superintendence over all the departments, without
in any way impairing the efLiency or high character of
the undertaking. In regard to the receipts for the past
year it is satisfactory to observe that the gross amount ex-
ceeds that of the previous year. But this is in a measure
to be attributed to the Handel Festival, which can only be
regarded as an exceptional occasion. On the other hand,
the expenses of the festival were very large, but still
leaving a satisfactory balance in favour of the company.
In reference to the 6 per cont. debenture stock there has
been appropriated to this date about 140,0001., and the
accounts show that 84,251/. was received in cash to the
:;oth of April last on account of this stock, and which has.
been applied in paying off temporary loans and debentures
falling due. The directors were open to receive applica-
tions for the balance of the 250,0001. of this stock autho-
rised to be raised by the resolution of the general meeting
of July 30, 1357, and they confidently recommended the
shareholders by themselves and their friends to take up
this stock, the security for which was considered by the
Board to be undoubted. The directors regretted to state
that their efforts to procure a reduction of the capital of
the company and to effect an arrangement for the Sun-
day opening, in terms of the proposal submitted to the
last meeting, and so generally approved by the share-
holders, have been frustrated through the intervention
of the Court of Chancery, an injunction having been
obtained at the instance of a shareholder in the company to
restrain thedi rectors from carrying out the proposed measure.
The contract for the supply of refreshments having expired
at the beginning of this year, the directors advertised for
public tenders, which resulted in their concluding a con-
tract with Messrs. Sawyer and Strange on much more
favourable terms to the company than the previous one.
The directors had every confidence that this arrange-
ment would be found to work beneficially for the company
and the public, while the energy displayed by the con-
' tractors leads to the expectation that the result will prove
satisfactory to them. The revenue account for the year end-
ing the 30th of April last showed that 122,6621. had been
received, including 12,4171. for season tickets, 97,6251. for
admissions, 8,9641. for rentals, 7,5251. refreshment con-
tract, waiting and cloak rooms; and the expenditure
amounted to 87,5881., including 8,505/. for general man-
agement ; 10,715/. for maintenance and repairs of build-
ing ; 8,533/. for gardens and grounds; 2,769/., waterworks ;
8,874/., alterations and additions to various departments ;
7,6221., music ; 9,1941., opera concerts ; 14,698/., Handel
Festival ; 2,4541., special concerts, fetes, See.; 2,8001.,
flower shows ; and 1,4681. poultry shows ; leaving a bal-
ance as above of 35,07.-4. The capital account shows that
1,339,3621. had been received, includiug shares issued by
Robson, and 1,3.t7,8301. expended, including 28,023 shares
fraudulently issued by Robson, leaving a balance against
the company of 8,468/.

Mr. 45GICVY seconded the adoption of the report, which,
after some discussion, was adopted amidst loud cheers.

Mr. ADDa;corr moved a resolution to the effect that
all shareh,lders and their friends be entitled to admission
to the gardens of the Palace on Sunday. If they could
only open the Crystal Palace on that day, he knew there
were 20,000 peoplo in London who would instantly join
the company.
Mr. YOUNG, amid great interruption, opposed the reso-
lution.

Mr. CARDEN said it had been settled that shareholders
could go into the Palace on Sunday, and, having that
right, ho should like to know who was to oppor them ?
The CHAIRMAN thought the wiust course to adopt was
to agree to a resolution in the following form :--" That
the opening of the grounds of the Crystal Palace on Sun-
day to the sharehohters is desirable, and that it be left to
the directors to make such arrangements as they may think
fit to carry out the wishes of the proprietors."
Mr. ANDERSON moved an amendment to the effect that
the oirocters be empowered to carryi nto immediate effect
a resolution, agreed to at the last meeting, for the imme-
diate opening of the grounds on Sunday to shareholders.
The resolution as suggested by tho chairman was put
an] carried.
A ballot was then demanded.

Mr. l 3 ow said a c,rtain arrangement with respect to
cancelling shares having been abandoned in consequence of
the Vice-Chancellor's decision, he begged to move that the
directors be now empowered to give a number on' shilling
admission tickets for each share sent in to be ceceelled. The
neinber and time during which the sail tickets may be
availaiile to be decided from time to time by the directors.
The resolution was carried, and a long and angry die.
cussion then took place with respect t7o the ballot de-
manded on the previous resolution; after which it was
ultimately decided that a ballot should take place at the
Bridge-house Hotel, this eiening, till six o'clock, and that
it be continued, by adjournment, at the Crystal Palace,
on the 14th, 15th, and Mb. J_uly, and the tnecting.to Le
adjouined till the 21st. .

Same other routine businese haviDg been trti,w,acted,
the meeting eaparated.