The Sun.
London, England, 1859-09-02 00:00:00

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'SAWYER'S FAMOUS LONDON DINNERH
will be served on TURSDAY, Bth September, from 2 till
&o'clock, for 2s. Gd., including Grouse and a fine Haunch of
Venison.—F. Sawyer, 191, Fleet-street.

sistance from the Admiralty, who will undertake
to execute certain portions of the work at their
own expense, and thus reduce the call on the South
Eastern Company to a sum somewhat under £3,000.
The next outlay which we recommend to you is for
an increase in the working stock. This I think you
will find iA fully warranted by the increase in the
traffic, which, you will observe from the report, has
been nearly doubled in 10 years. The goods traffic
especially, has undergone a very large increase ;
and though everything has been done that
could be done to make the most of the means
for carrying at our disposal, we feel that, both
as respects passenger carriages and goods wag-
gons, we are still considerably short of the pro-
per supply. The, consequence is, that there is
greater wear and tear than there should be—less
opportunity being afforded for the economical repairs
of the stock, which is kept too constantly in work
—whilst at the same time we are unable to give that
accommodation to the public which it is for your
interest and advantage that we should adequately
provide. We have, therefore, no hesitation in re-
commending you to empower us to add to the work-
ing stock to the extent stated in the report. (Hear,
hear.) Although the subject of the Charing-cross
Railway, and the exercise of the powers under the
Act which has been obtained, will form the subject
of discussion at the special meeting to be held im-
mediately after the ordinary business has been dis-
posed of, I will take the opporlunity of offering the
remarks which I have to offer on that subject at
the present stage of the proceedings. You are aware
that the directors have watched with much interest
the progress of that undertaking, and, with your
sanction, they have given it their vigorous support
in its various stages in Parliament. The bill has
now passed into a law, after a protracted opposi-
tion, and I heartily congratulate you on the success.
The South-Eastern Company has thus, through the
Charing-cross Company, secured the means of ad-
vancing its London station accommodation onward
to the immediate neighbourhood of Charing-cross,
unquestionably the very best site for a station in
the metropolis. (Cheers.) With its facilities for the
accommodation of City traffic, already provided for
by its London-bridge terminus, the South-Eastern
Railway will, when the works of the new line are
completed, possess the further advantage of stations
on the south side of the Thames, near the thorough-
fares leading to and from Southwark-bridge, Black-
friars-bridge, and Waterloo-bridge, with a termi-
nal station on the north bank of the river, in the
immediate neighbourhood of the Strand, Haymar-
ket, Piccadilly, Regent-street, the principal public
offices and exhibitions, and a site the most conve-
nient and accessible for the -West-end traffic of Lon-
don. I think that the passing of this bill must be
regarded as a fact of great significance in its bear-
ing upon the future development of this under-
taking—(hear, hear)—and I can scarcely doubt
that, so soon as the great additional facilities
which it is calculated to provide have been attained
by the construction of the necessary works, a very
large gxpansion of the traffic of the railway, will
be secured. (Cheers.) Entertaining these views,
the directors are desirous that the powers conferred
by the Charing-cross Act should be exercised with-
out delay, and a series of resolutions will accord-
ingly be submitted for your consider ttion at the
special meeting about to be held, with the object
of giving effect to the subscription and creation of
the new shares, to the extent authorised by the
act. (Cheers.)
Jr. SMITH wished to know in what manner the
directors proposed to expend the sum of £75,000
for new carriages, as he thought it most important
that the company should in such matters go with
ready money in their hands, and obtain them of
the best and cheapest makers.
The CHAIRMAN stated that the company now
made the greater portion of the rolling stock that
was required at their own workshops.
A SHAREHOLDER suggested the propriety of
closing the capital account of the company as soon
as possible. He did not object to the L 75,000 re-
quire d for additional rolling stock being added to
capital, but.that some of the smaller items referred
to in the report might: have been defrayed out of
revenue. The law charges, amounting to £1,960
for the half-year, he thought was too large, consi-
dering that the solicitor to the company had an
annual salary.
The CHAIRMAN stated that a large portion of the
legal charges had bean incurred in appeals against
the ia‘avy parochial assessments, and it also in-
cluded a sum of arOut £5OO paid for expenses con-
nected with some surveys. Under the old system
the legal expenses amounted to about £12,000 a

yatstnrsaonisolectsoohsittilis;‘taah-p
amount not exceeding in the whole the sum of
£300,000.
The CHAIRMAN, in stating the objects of the
Posed of, I have now to submit for
e4iotthhsrrrandi
ain;aetl.
eioneec.
ass:
cppoldtnacoaoceensbingfipssrirlsidle.ocaet,
iinactfdfrareprlptauaietelohtatinaffiir:
hboylagliiiisytdneeete-3-,
meeting, said—The ordinary, business being dis-
opcon Charing-
cross eoetntsfi
ereAefnenoc
new
Npe.val
tdsaaloniltpad
irtfsieeronsonmtui
proposedatnN
under
tmeh rtehtieh-
tion the resolutions which the. directora recom-
tetehofheoparltteediNnievtnciel.esesiese
e
le
y
jtcfibatfwlmn.
nuihuihheobe. pkoegaostemeel
anticipationyeuri
tenunetdilrepielinfly.
rocsglecalyteaitnseptti
nttaNioltbch.oillokeeteilealtsei
adeinte htaibeilittteulti
fxleaciaie•
d-hoieko.
ntytie_nanfeeotdettsntocaafalL:,
rkfcsotreaseaiiclhopseotlaot,enteernr
ipoitirokeincs:
uddrecoiaooiopoxninnidnntnfnrfpr,
hogttsysoeego:aiitecorolsusdantsaupfgeretosytti
dtrirlhorhtahrNodatsi,
aasilebel_hb.
eleairn traffic.wa.
saseNignp.rlel
s.
aieltotea:
taken
bcwtkrlusrictohHe3nencioerrs
circumstances. •
eacl
dicsae
tror.
hrewmefocuoni sa)
careful
works
Company
.ssyi
oonewNat..
oeiirt
moved
1
h
'co' ttAhelei s3cole,hi -:sn
oail iaisats t
Company
isto
nt.:shia
s3ea amount of the
ca p,AriitlaeSl
,000, with
the usual borrowing pawers.
Mr. G. JOHNSON wished to know whether the
directorS were perfectly satisfied that-4he works
could be completed for that sum.
Mr. MELLOR (one of the directors) said—lf will
be in the recollection of many of the gentlemen
present, that at the meeting held six months since
I had the honour of addressing them on the ques-
tion of the Charing-cross Railway Company. That
meeting adopted the views of the South-Eastern
board which were then explained, and since that
time, after a very lengthened opposition, and a very
severe fight in Parliament, the Charing-cross Bill
has become the law of the land. It is now for the
South-Eastern proprietors to consider whether they
shall vote the money which they are empowered to
subscribe under the act of last session. In advising
them to adopt this course, I do it with the fullest
possible confidence in the beneficial result of the
Charing-cross Railway in itself as a profitable un-
dertaking, and in its consequences especially upon
your property as South-Eastern proprietors. It is
not necessary for me to enter into any lengthened
details as to what are my own views on the subject,
but I will simply state what I think the proprie-
tors may expect to derive from the railway, founded
upon the best information that we have been able,
to obtain. (Cheers.) During the contest in the
House of Commons we were opposed by a neigh-
bouring company upon almost every count of the
indictment, if I may use that term. There was no-
thing which they could possibly adduce in order to
frustrate the passing of the bill which was not
brought forward. Among other things which were
contested were the estimates of the cost of construc-
tion. These estimates were subjected to a more
rigorous testing than those perhaps of almost any
other railway company, and the result was fully to
satisfy the committees of both Houses of Parlia-
ment that abundant provision had been made in the
estimates for the construction of the works. The
estimates of our own engineer were fully corrobo-
rated by the evidence of those who were put up in
opposition to us. Mr. Marrable, the enginrer to the
Board of Works, stated that for the construction of
the new street in Southwark he had estimated the
cost of the land at a price considerably lower than
that fixed by our surveyor, his estimate being at the
rate of £9 per square yard. Mr. Hood, thusengies
neer who was put up on the part of the Brighton
Company, stated that the land which had been ob-
tained for the station at London-bridge had been
purchased at a cost of .£l2 the square. yard. The
surveyor of the Charing-cross Railway had, for pro-
perty very much inferior, put the cost ut £l3 the
square yard. If any gentlemen present who were
unacquainted with the course of the proposed rail-
way will take the trouble to walk over the ground,
they will see that a worse class of property does
not probably exist in London, and one of the pro-
fessional witnesses stated in his evidence that
he almost doubted whether the rents were col-
lectable. The inhabitants are classes of people
of the lowest character, and the property is
of the most wretched description. There eau -be
no doubt, therefore, considering the estimates far
the land which have been made by Mr. Marra.We
and Mr. Hood, that the engineer of the line has
made sforpe pur-
chasecttheto
the
the
land.
ample provision s i nc
(Cheers.)
r hiss estimate.
of
bridge over the Thames, tin: t was bought provision-
ally before the bill was passed, and for a sum within
`ith r
the estimates. Mr. Bidder, Mr. Tite, and other
engineers, were brought to give evidence against
the bill by the Brighton Company end on the part
of the governors of St. Thomas's Hospital, and they
stated that in their opinion the estimates were fully
sufficient for the construction of the bridge. So
that we have, in fact, the evidence of their oppo-
nents as to the sufficiency of our estimates. Hun-
gerfore-market, which will be required for the
station, was also purchased provisionally before the
bill, and for a sum within the estimates. It must
also be borne in mind that there will be nothing to
be provided by the company in the way of rolling
stock, for that will be supplied by the South-Eastern
Company. You may, therefore, rely upon it, that
more will not be required for making the line, as
now laid out, than is provided for by the estimate.
It may perhaps he considered desirable, that for
some portion of the works in crossing the Thames
there may be some addition to the cost of the bridge
i,z:t it may be taken for granted that we shall not
spent more than one million on the line. If we
can suceCed in getting to Charing-cross for that
sum, we slasll accomplish an object of such vast
importance to the South-Einitern Railway that the
results can scarcely be over-stated. If I were to
state what I believe will be the result, and at this
I have arrived after going very closely into the
figures as they affect the Charing-cross line per se,
as well as this company, you would think that I
have greatly exaggerated ; but I will give you some
facts, which will enable you to judge for yourselves.
When the South-Ea-stern Company and London and
Brighton stations were first opened in 1816, the
numberof passengers was but:624,000, while in 1859
the whole number of passengers who entered and lelf
ft
the united station was not less than 17,500,000.
skirting the metropolis,
years, and with stations only
when_ we nave a
as it were, what may we not expect _
this great increase has taken within ties last 13
station taking us into the very heart of the traffic
at Charing-cross ? (Cheers.)
South-Western Extenson from Nine Elms to the
Waterloo road ?
Mr. MELLOR—It was £1,034,000 for a mile and
A SHAREHOLDER--What was the cost of the
a quarter, with four lines of raiss.. " and including the
which have not net` Weal -used by-the company.
(Cheers.) Then, with tespect to the increase of
purchase-Of acycral acres of land in the York-road,
traffic at the South-Western station, I find that the
number of passengers there has increased from
which is the last year for which I have obtained
the information. The elastic3ty of this metropolitan
337,000 in 1846, to as ninny as 4,000,000 in 1857,
traffic is of such a nature that .!t, is scarcely possible
to calculate the result of the opehing
cross Railway. But should the traffic from the
Charing-cross station amount to o.nlY one-half of
that passing through London-bridge
after deducting 40 per cent. for works g 0 , you will have,
of the Charing-I
and taking the passenger traffic at B,7C'
sons, or one-half the number of those who
0,000 per-
expenses,
London-bridge, at 3d. each person, a net rei,eneof
£65,000 per annum. In addition to this, there `vial
went to
.be the revenue for the letting of the arches, arum:it-
- to £5,000 a-year. This estimated rental is takes.'
i • ,
amount received by the South-1I rester
in L!ting the arches of their railway.
These two sources uf revenue will make a total of
£70,000 a-year upon a Capital of X 1,000,000. But
I believe this return of 7 per cent. will be very
largely increased by the addition which will be
froCo m ptahnby
made by the traffic flowing from the Waterloo-
bridge station to London-bridge, and vice versa, as
well as the local traffic at the intermediate stations
in the borough. (Cheers.) I
affording evidence of the value of this line to the
South-Eastern Compel-Iy, that the Es:A Kent
house of Commons, alleged that if made ,it would
be the ruin of their property. ( Cheers ) There
*th
Company, who were petitioners against it in the
is one important consideration in connection
according
this proposed line. We are threatened, accor
of the
with a very serious injury upon the op
enin-neword
East Kent Railway. 1 do not wish to say
eo
doubt,
in depreciation of that concern. It wind
to the statements of an hou. proprietor present,i
and we do not
to stand or fall by its own merits,
of our legiti-
intend to surrender to it one shillilinl
be in existence some time or other,
greedily under-
mate traffic. (Cheers.) But you w
station as that at
stand what a command such a
any company having
Charing-cross will give to
h'ch. it professes to
access to it over the country
i serve the Co
serve. We shall go to Dover and. will have
But that
company has prectime to come
nent as well as theinEatte
sat
itself Ce nt Rf
oa hall, al

THE LONDON. ---NOTICE.—The attention
of Gentlemen is particularly drawn to the fine Haunch
of Venison that. is dressed daily at TM.I LONDON, at nie
o'clock-LE Sawyer, 191, Fleet-street.

THE LONDON.—The attention of Gentlemen
is eSpecially drawn to the advantafres offered in these
elegant and spacious Saloons, which fulfil all the require-
ments of a West-end club of the most aristocratic and exclu-
sive character.
'Won tronve dans la Salle de Lecture non seulement les
Meilleursjourneaux Ang,lais, macs aussi Allemand, Francais,
et Beige.

F. SAWYER, Proprietor, 191, Fleet-street.

THE LONDON.—S AWYE n' S famous
LONDON DINNER, consisting of two soups, two
ash, two entr6es,loints, two sweets, cheese, and salad, at a
fixed charge of 2s. 6d. (attendance, 3d.), is served from Two
till Eight in. the spacious Saloon.
In the Coffee-room, Dinners from the Joint, with vegetables,
cheese, and salad, is. 6d. (attendance 3d.), and soup, fish, en-
trees, Itzc., a la carte, are served from One till Nine o'clock.
Ladies' Private Rooms and Dining Saloons. Spacious and
well-ventilated Wine, Coffee, and Smoking Saloon.
An extensive and carefully selected stock of Rhenish, Mo-
selle, and other Wines, imported expressly for the London
Dinner. Open on Sundays from Four till Nine.
F. SAWYER, Proprietor, 101, Fleet-street.

THE ROYAL STATION HOTEL, Paragon-
-a- street, Hull, requires only to be visited to be pronounced
one of the most splendid hotels in England. The situation is
open and healthful, a few minutes' walk from all the public
buildings and places of business; and being connected with
the Railway Station, affords railway passengers arriving or
departing by every train day or night, the advantage of being
on the spot, and having their wants and wishes immediately
attended. to.
The public should know that under the present manage-
ment they will find every comfort and convenience at the
same charges they are paying at the minor hotels. It has
accommodation for upwards of one hundred and fifty visitors,
is fitted up with every luxury an hotel can command, and is
so arranged for the advantage of every class of visitor, that
Beds can be had from Is. to 2s. ; Private Rooms, from 2s. to
4s. ; Breakfasts, from is. 6d. to 2s. ; Dinners, from 2s. ; and
all other charges of that moderate character which will give
satisfaction to every class of visitor who may pay the hotel a

visit.
The hotel contains Gentlemen and Ladies' Coffee Rooms ;
a special Room set apart for Commercial Gentlemen; fourteen
P, ivate suites of Rooms ; large spacious Rooms for Dinner
Parties, Public Meetings, &c., &c. ; two first-class 'Refresh-
nient Rooms ; two Smoke Rooms ; lath and Billiard Rooms.
A Night Porter In attendance.
EDWIN TAYLOR.
Proprietor of the Royal Station Hotel, Hull, and Crescent
Hotel, Filey.
N.B.—TAYLOR'S CRESCENT HOTEL, fronting the sea
for Families and Gentlemen. It has accommodation for up-
wards of one hundred and fifty visitors. Table D'llate
at
live o'clock. Omnibuses and Cabs from the hotel meet all the
trains. Good stabling and coach-houses. Moderate terms.

TIZUY IN THE CHEAPEST MARKET.--
1) Thik was the advice of the late lamented statesman,
Sir Robert Pee'.— The EAST INDIA TEA COMPANY aro
still supplying Black, Green, or Mixed Tea, in filb bags, at
20. 4d. per. lb ; and COffee in the Berry at 101—Warehouses,
9, Great St. llelen's Churchyard, City,

•
THE TEA ESTABLISHMENT,
4, and 5, King William-street, E.C.
We beg to announce that on and after OCT. ISt, our Eats
blishment will be CLOSED on SATURDAY EVENINGS at
8 o'cloc'f, instead of 9 o'clock, as heretofore.
RIDGWAY AND CO.

year.
Mr. ITARTRIDGE wished to know whether there
was any trnth in the statement which had been
made at a recent meeting of the East Kent Rail-
way, that they had to complain of the unwarrant-
able obstruction of the South-Eastern Railway.
growing up
There was no doubt an angry feeling
between the East Kent Railway and that of this
company, and when the East Kent was
d ou open
throughout its whole length, there was no bt
that it would inflict a serious injury upr the
South-Eastern Railway. (Cries of "No, no. ') lie
hoped that the chairman would be able to tell the
meeting that no obstructive course of action had
been, or' would be aciented in reference to the de-
Stroud and CanLerbury. lie Was anxious, when
velopment of the local traffic of the line between
the East Kent lino wt: opened, that friendly rela-
tions should be established betweetz
paniest, and no such absurd conduct as that which
bad been adopted in the competitionglee
the two rela-
tions
Su the
North-Western and Great Northern Raiys, And
the Brighton and South-Western lines.
Mr. GAMIILE hoped thtit the Chairman would
decline to give any answer to the question which
had been put to him. (Cheers.) Ile believed that
the meeting placed the most implicit confidence in
the directors of the company. They knew what the
directors had already done for them in times of
c
difficulty, and speaking, as lie believed, the senti-
ments of the great majority of persons present, lie
felt every confidence in leaving such matters as
those referred to by the honourable proprietor in
the hands of the directors. He thought, with every
feeling of respect for the honourable proprietor, the
Chairman would est consult the interests of the
by declining to give any answer to his
orni‘ipra. question.nsy m
ITH fully concurred in the opinions which
had just been expressed, and. he appesled to the
honourable proprietor to withdraw his question.
He should use his most strenuous efforts to prevent
any cliscinsion of such a character by the present
meeting. (Cheers.)
Mr. llAETatispn raid he certainly would not
withdraw his question.
The CHAIRMAN said that he was greatly obliged
part of the meeting, and for the temperate
Manner in which the shareholders had looked upon
this question. (Cheers.) What they had to attend to -
at the meeting was the interest of the bthye the expressions of confidence in the directors on
South-
Eastern Railway. Complaints with respect to ob-
structions were such as usually proceeded from
ersons Who found that their competition was un-
p successful.. (Cheers.) If the projected East Kent
completion of their
Eastern Company
and which they had carried for Tears,
traffic to which they
doubt sooner or later find that they
..cils. Companyi...,:.)orhana
nyt have
aouvrgtel
rietfttohi
them
ititelaimen
tsthleieue
tihr ;
;7osition to carry the traffic
were entiedi
they would no .
had made a mistais..'"e. So long as the South-Eastern
red -I...‘'eY would endeavour to
wCohinicphatrit:yeywzasd ittneci" nu ;
nf hold and retain it. (Cheei..?..? With respect to any
the South-
alleged obstruction on the part
...
Eastern Railway he might state that the .h.-...:. St Y-en,it
Company had brought the matter before the Isol
of Trade, and that the board had decided in favour
of the South-Eastern Company. (Cheer s.)
The resolution for the adoption of the report was
then agreed to.
A resolution was then proposed for the payment
of the dividend at the rate of 12s. per £3O stock, or
at the rate of 4 per cent. per annum, to be made
payable on and after the Bth of September inst.
Mr, SMITH inquired what would be the amount
of the deduction for the income tax ?
Mr. SMILES, the secretary, stated that the best
answer which he could give was by reading an ex-
tract from a letter received by him in reply to his
application to the solicitor of the Board of Inland
Revenue, and. which was as follows :—" In paying
the shareholders the half-year's dividend falling
due on the 31st July, a deduction should be made
at the rate of sd. in the pound on the portion of
the
dividend which accrued to the sth of April
and in like manner ath deduction on
in respectremai of the
suchlas and at Is. ld. in e pound nder ;
'iided for the subsequent half year to the 31st
January next should be made at the rate of ls. ld.
in the pound on the portion that shall have ac-
crued to the 10th October, and at sd. in the pound
for the' remainder."
The resolution was agreed to.
The meeting
was then made special for the pur-
pose of aothorssing the directors to exercise the
powers coi
tferred b the Charing cross Railway
Act, 1859, 01' contributing towards the funds of that
y -
or stock; I eat, and of creating andissuingnew shares
or
't
udertakings
ordinary or preferential, to an

-6

t in the

~-~C-tis

\iv
aftet• which their lorashr

from using any other station in order to reach the
west end of London than that at Pimlico. I leave
you to judge for yourselves which of these two sta-
tions is the most likely to command the traffic going
to or returning from the Continent. It is a most
satisfactory feature connected with the Charing-
cross Company, that the South-Eastern Railway,
so far as regards London, Chatham, Dover, Canter-
bury, and other .places, the traffic f which may be
competed for, will have, so far as regards those
places, the exclusive right and use of the Charing- •
cross station, and that the East Kent Railway can-
not, come there at any time. (Cheers.) I think you
will be fully justified in agreeing, to the resolution
to subscribe £300,000 to the Charing cross Com-
pany, and I believe you will get abundant return
for your investment. ,To the South Eastern Com-
pany the consequence of having this station will be
that we shall outflank all our opponents from what
ever quarter they may come. (Cheers.): In conclu-
sion, he repeated the opinions which he had before
expressed respecting the probable remunerative
character of the prOposad undertaking. (Cheers.)
Mr. SMITH congratulated the meeting upon the
fact of the company having secured the Charing-
cross Bill, which he regarded as one of the greatest,
events in the railway world. It was impossible to
over estimate the advantages which would accrue
to the South-Western Railway and to the public
at large from the construction of this line. He re-
garded it, in fact, as a glorious gleam of sunshine
to the concern. (A laugh.) He had long since
made up his mind as to the merits of the concern,
and was among the earliest to take shares in the
company. (Cheers.)
Mr. FARNBROOK wished to know whether the
remainder of the capital had been subscribed?
The CHAIRMAN said a considerable portion, more
than one-half, of the capital had been subscribed.
Mr. S3IITII said that he should be perfectly
willing to double his amount of subsCription, as
would alga several gentlemen who were sitting near
him. (Cheers.)
Mr. MELLOR said the amount of stock already
subscribed, without any application whatever to
the public, was £450,000, and that the remainder
of the shares would be offered in the first instance
to the shareholders of the South-Eastern Railway.
A SHAREHOLDER wished to know when the
works of the line would be completed?
Mr. MELLOn said they could not be completed
within two years.
In reply to a question,
Mr. MELLOR explained that the mode of cross-
ing the river would be by Hungerford-bridge,
which was to be altered by removing the chains
and converting it into a girder bridge. There
would be the same accommodation for foot pas-
sengers as at present existed for crossing the
bridge, and the same toll would be levied, which
would go to the Charing-cross-bridge Company.
The resolutions were agreed to.
The following resolutions were then unanimously
agreed to:—
" 1. That this company agree to subscribe for,
and to take and hold, shares of the capital of the
Charing-cross Railway Company, under the powers
of the Charing-cross Railway Act, 1859, to the
extent of £300,000.
" 2. That, for the purposes of such subscription
and contribution, there be raised £300,000 of addi-
tional capital of this company, by the creation and
issue of new shares, to be called the Four-and-a-
-1 Half per Cent. South-Eastern Preference Shares,
and that the following shall be the terms of issue
of the new shares, namely :—The shares shall be of
the amount of £lO each (of which £1 shall be pay-
able on the 15th of October next), and shall entitle
• the holders thereßf to a preferential dividend out of
the profits of, the year applicable for the payment
of dividend on tags ordinary stock of the South-
Eastern Company, at the rate of 4,1-; per cent. per
annum on the amount for the time being paid up
thereon, and that they be issued in such manner,
and at such times, and the calls thereon shall be of
such amounts, and payable at such times, as the
directors shall think fit to determine. That such
of the proprietors as, on or before the Ist day of
Oct, next, shall declare in writing to. the secretary
of the company their desire to take their rateable
proportion of the new shares, shall have the prefer-
ence in the issue of them; and that in the event of
the whole number of shares not being so applied
for, the directors shall then be empowered to issue
the remaining shares in such manner, on such
terms, and'at such times as they shall consider ex-
pedient.
" 3. That the directors be, and they arc hereby,
authorised and required to do all such acts ns may
be necessary for the purpose of giving effect to the
foregoing resolutions."
A vote of thanks to the directors and chairman
terminated the proceedings.

tA,PE 13

ett,<?
evening,
nise a ball at Hollirmsworth's Roomse,_:344.,(Aithi *
aid of the funds of t, le Seamen's and gist i
f
phans' School. :;ty
Capt. Frederick and Mr. IVhi MAT
sisted by Mr. Romaine, the perrnittyohe: 5/
are the Lords of the Admiralty remainincm tyrn s
for the transaction, of business at the Ndmirally
during the official tour of inspection of the First
Lord and other mombers of the Board.
At noon on Wednesday seven ships of war were
reported off Plymouth, south of the Eddystone. At
1 o'clock three others joined them from the lee-
ward. They appeared to be under single-reefed
topgallant sails. " About 4 o'clock all the ten wore
off. Wind, W.N.W.
Her Majesty's steam sloop Hydra, Commander
R. V. Hamilton, was paid wages this day. Capt.
Williams, of- her Majesty's ship Royal Adelaide,
superintended the payment. The men, we under-
stand, will proceed on leave.
The Aid, J. Dyer, acting-master, sailed from
Chatham yesterday with a full cargo of naval
stores for Portsmouth and Devonport dockyards.
Capt. H. Dunlop has been appointed to the •
Imaum, and to be Commodore on the West. Indian
station, vice Capt. liellett, whose time of service

has expired.
The funeral of Surgeon Simpson, of Haslar Hos-
pital, who died at that establishment on the 28th
ult. of brain fever, took place yesterday with mili-
tary honours in the grounds attached to the hos-
pital. Dr. Simpson served five years in the Arctic
expedition in search of Sir John Franklin in the
Plover, commanded by Lieut. It. Maguire, now
commanding her Majesty's ship Imperieuse.
The Mersey, 40, screw, Capt. H. Caldwell, C. 8.,
at Spithead, had the blue peter at the fore yester-
day for sailing, but up to 6.30 p.m. had not left
that anchorage.
In consequence of the activity which now prevails
in the ship-building department at Chatham dock-
yard, several additional shipwrights are ordered to
be entered immediately at that establishment, in
order to hasten forward the completion of the line-
of-battle and other steamers now in progress. Since
the Admiralty order for the entry of additional
shipwrights was promulgated, several mechanics
have been engaged, and others are still required for
the general service of the dockyard. The extra
men to be entered must be first-class workmen, and
not over 35 years of age.
Yesterday the shipwrights succeeded in placing
the bilgeways of the line-of-battle screw steamer
Irresistible, SO, in place, preparatory to the launch
of that vessel, which is appointed to take place at
Chatham dockyard on the 29th of October next.
During the past few days a number of ship-
wright have been hired at Chatham dockyard for
breaking up the Tartar frigate formerly used as a
receiving hulk, and several additional men are re-
quired for that employment. As soon as they have
completed taking to pieces the Tartar, the St. Law-
rence, one of the old 46-gun frigates, will be taken
into the same dock and broken up.
The following appointments were made yesterday
at the Admiralty :—Lieut. Louis Geneste, to the
Topaz ; William H. Clarke, surgeon, to the Tor-
toise ; Dr. Samuel Little, acting assistant-surgeon,
to the Vulcan ; and Charles B. Lamb, assistant-
surgeon, additional to the Victory.

211 E N. 4

The Duke of Somerset, First Lord of the Al
miralty, with Rear-Admiral Lord Clarence E.
Paget, C. 8., Secretary Sir Baldwin W. Walker,
K.C.8., Surveyor of the Navy, and the other mem-
bers of the Board, and Lieut.-Col. Greene, Director
of Admiralty Engineering Works, resumed their
inspection at Portsmouth yesterday. Their lord-
ships first proceeded on board the Britannia, naval
cadet training ship, Capt. R. Harris, which they
minutely inspected. No doubt the system which
the Britannia represents will receive the most
serious consideration of their lordships. It is a
large and to the nation a costly experiment,
and must be fairly judged by its merits.
If, as many naval officers assert, it is a step
in the right direction in the training of the future
officers of the Royal Navy, it is capable of
very great extension. Their lordships next in-
spected the Royal Naval Hospital at Haslar, the
lunatic asylum attached, and the new cemetery,
and expressed their satisfaction at the conclusion of
their visit to this noble establishment. The gun-
boat sheds and slipways were next visited, whole
their lordships were received by Mr. Murray and
Mr. Miller, of steam factory, Mr. Murdoch, In-
spector of Machinery Afloat, and other offie;.als.
After making the round of the sheds where the
gunboats are laid up, the workshops, &c., opera-
tions were commenced for removing one of the gun-
boats (the Blazer) from the shed under which it
was stowed, placing it on the transporting plat-
form, and launching it into the water. The whole
operation was successfully performed in 26 minutes
and 40 seconds. Admiral W. Bowles, C. 8., was
present during the proceedings. From the gun-
boat slipway their lordships proceeded to the bar-
racks of the Royal Marine Light Infantry at For-
ton. At the entrance gates to the parade ground
their lordships were received by the Second-Coin-
mandant, Col. Anderson. The battalion drawn up
on the parade ground with their band, under the
command of Commandant Col. Hurdle, C. 8., re-
ceived their lordships with the usual honours. The
force on the ground comprised, under arms :—two
col.- commandants, two lieut,-cols., eight capts.,
seven first-lieuts., six second-lieuts., Capt. Showen,
for gun battery drill, Major Lowder, Instructor of
Musketry ; Quartermasters Roberts and Jervis,
Staff-Surg. Steele,thrce Staff-sergeants,2l sergeants,
31 drummers, and 326 rank and file. Drawn up
nk
in
the rear of these were 11 drummers and 306 ra
and file—recruits. Of trehis numbelonging to theber of men only tdivi-
hree
old soldiers and fourrecruits
Sion are marked as available for embarkation ; 55
other men, however, passed through their drills yes-
terday and there are also 28 men joined from the
making the total number of men
Woolwich division,
available for the em
dbarraikn upon thiston at
divis the
.plion,esencaused
t time
90. The continual
by filling up the casualties on board ship, averages
500 men per annum. Their lordships, after in-
specting the men
in line, dismissed them to their
onarters, dispensing with the marching past, &e.
The men were next inspected at gun drill at the
later hi the rear of the barracks, and at knotting,
splicing, &c., and acquitted themselves most admi-
rably. In inspecting the barracks their lordships
sanctioned the extension of the sergeants' mess-
room to double its present extent. At the conclu-
sion of the inspection their lordships expressed
their gratification at the state and appearance of
the battalion. The inspection of the Royal Cla-
rence yard concluded their lordships' duties for the
day. The Board were entertained at dinner in the
evening by Rear-Admiral Superintendent Hon.
G. Grey. This day the First Lord holds a levee at
the office of the Commander-in-Chief, the Admi-
ralty-house, in the dockyard. The usual Admi-
Hotel
ralty dinner will take place at the o