The Sun.
London, England, 1866-10-19 00:00:00

Court of Common Council.

Yesterday a meeting of the Court of Common Council
was held at Guildhall—Alderman Finnis in the chair.
IMPROVEMENTS NEAR TILE HOLBORN VALLEY VIADUCT.

The TOWN-CLERK read a report from the Improvement
Committee, in which they stated that they had lately taken
into consideration the subject of further Parliamentary
legislation, with the view of affording means to meet the
necessities of the public traffic in the city. They had par-
ticularly directed their attention to the proposed approaches
to the Holborn-valley Viaduct. They found that a power
had been given by Parliament to open up Shoe-lane, and
to carry that lane on at right angles with the viaduct, but
they were of opinion that that plan of extending the lane
ought to be abandoned. Mr. Heywood, the architect, had
laid down a plan of a new street in continuation of Shoe-
lane, which would run across part of the churchyard of St.
Andrew's,Holborn, and there join the viaduct. Immediately
opposite that junction there would be another new street,
leading from Hatton-garden to Farringdon-road. It was
further proposed to continue a line of road or street from
Shoe-lane under the viaduct. These modifications in the
original plan would, it was believed, effect great improve-
ments, and the committee now asked for powers to prose-
cute a bill in the ensuing session of Parliament to effect
these alterations. The next improvement they suggested
was the widening of the western end of Newgate-street,
and they also asked for powers to embrace this improvement
in their notices to Parliament. With respect to the eastern
entrance, from Farringdou-street to the viaduct, the requi-
site notices had been served on the London, Chatham, and
Dover Railway Company; but, owing to the present posi-
tion of that ccinpany's affairs, it was thought advisable to
leave the consideration of improvements there for some
future period, and to abandon that portion of the project
for the present. The committee wished it particularly to
be borne in mind that the making of the improvements they
now suggested was contingent upon the fourpenny coal
duty being continued for another period of ten years, be-
cause the cost of the works must out of that duty be de-
frayed. There were, in their opinion, other city improve-
ments imperatively required by public necessity, but they
declined to particularise them in detail because of the ab-
sence of the necessary funds for carrying them out. They
ventured, however, to suggest that Fleet-lane, Walbrook,
and the Poultry required immediate improvement, if only
the funds were forthcoming.
Mr. Deputy FRY, the Chairman of the Improvement Com-
mittee, explained at some length, by referring to lithograph
plans upon the table, the nature of the alterations and im-
provements proposed to be effected in Shoe-lane and the
western end of Newgate-street. lie stated that these im-
provements would be found to be of great public benefit,
and that they would have the effect of increasing the value
of Farringdon-market, because the north-west angle of S hoe-
lane, extending from the market, would be brought down to
Farringdon-street in a direction leading towards Fleet-street.
He was happy to say that the present Government were. ex-
ceedingly friendly, and anxious that the Committee should
carry out those measures of improvement, and he believed
he might add that they (the Government) w3uld bring in
a bill for the contiauauce of the coal duties. He concluded
by moving for authority to the Committee to give the
necessary notices, and generally to take such steps as may
be expedient for procuring a bill in the ensuing Session of
Parliament in reference to street improvements connected
with the Holborn Valley Viaduct, and also for authority to
take steps for obtaining Parliamentary powers for making
other street improvements within the city.
Mr. ISAACS moved, as an amendment, that the first part
of this resolution be agreed to, but that the consideration
of the latter part of it be postponed.
In reply to a question,
The CITY CHAMBERLAIN stated that there was a mort-
gage upon the coal duty until the year 1882. He thought
the coal duty might be estimated for five years at £247,000,
and for 10 years it would rather exceed £400,000.

Mr. RICHARDSON opposed the motion. He understood
that the report of the Committee was now drawn in a
much milder form than it was originally intended to have
been ; for originally, if he was informed aright, it was in-
tended to introduce a report which would have involved an
expenditure of a couple of millions. But even now, when
the expenditure was cut down, where was the money to
come from ? He did not want the Corporation to fall into
the position of the London, Chatham, and Dover Railway
Company, but they were fast falling into it. (A laugh.)
He complained that there was too much of moonshine
talked in the Common Council. (Laughter.) He believed
that the fourpenny coal duty would not be granted, be-
cause he was given to understand that both the political
sections in the House of Commons were opposed to it, and,
besides, the present Government would not very long have
the power to grant what was wanted. (Laughter.) He
complained of Mr. Deputy Fry for not having told the
Council that what he really required was an improvement
)lover
rate, beeause it must come to that, inasmuch as the Corpo-
ration could not borrow much more, as they were mort-
gaged
mAfre.ruLspAoitmvouet hryeemhsaiarlitkd.s thrLoamtr.uimgf hrtt.he
Glover and Mr. Philipps,
re proposed improvements.
were not carried out by the Corporation, they might rely
upon:it the Metropolitan Board of Works would be em-
powered by Parliament to carry out the works
Mr. Alderman J. C. LAWRENCE called upon the Corpora-
tion, so far as they had the means, to carry out all neces-
sary improvements within the boundaries of the city, and
in this most essential matter to act as men of business and
common sense.

and deprecated the
----
construction
ctBEDFORDionofa
nO
furthery sed th
e inon
tunnelsoti in the city.
Mr. RUDKIN hoped that the plans now on the table
would be the prelude to the making of further improve-
ments in the city ; perhaps not immediately, but Certainly
at some not very distant date. lie called upon the Corpo-
ration not to be led astray by the claptrap used by the mem-
bers for Bisjimpsgate and Farringdon Without. (Laughter)
Mr. Deputy DE JERSEY strongly supported the motion,
and, in doing so, caused a continuance of laughter by pre-
suming that Mr. Richardson, from the confident toue in
which he had spoken respecting the intention of past and
present Governments, must be going to be either Chancellor
of the Exchequer or First Lord of the Admiralty. •
Mr. RICHARDSON rose to order. Ile had never received a
farthing of the public money, but he should like to know
how much Mr. De Jersey Was paid during his lifetime for
his connection with the public departments. (Laughter.)
After some observations from Mr. Pedler, Mr. Alderman
Rose, and Mr. Deputy Burnell, Mr. Fry replied.
Mr. BEDFORD then moved as an amendment that the re-
port of the committee be printed and taken into further
consideration at an adjourned meeting.

Upon a division there appeared--
For the original motion
•89
Against it ... 8
The motion was accordingly carried, and the committee
were authorised to take the necessary steps for carrying the
-report into effect. Wile report, accompanied by the Milo-

the_ city organist.
The LORD PROVOST proceeded to confer citizen-
ship on the Prince. He first spoke of the gratifica-
tion which it afforded the nation that her Majesty
had lived to see her family growing up in the prac-
tice of those social and domestic virtues which con-
duced so materially to national happiness and pros-
perity. He then expressed the pleasure the citizens
felt in seeing his royal highness exhibiting so many
of the virtues which his late lamented father had dis-
played during his lifetime. He then dwelt on the.
naval profession with which the Duke had allied
himself, and next presented him with the official re-
cord of citizenship.

His ROYAL HIGHNESS, in reply, said—My
Lord Provost, Magistrates, and Members of
the Town Council of Glasgow,—l accept with
feelings of pleasure and gratitude the honour which
you have conferred upon me as a burgess of this
ancient city. You have done justice to my desire
to cultivate friendly relations between the people of
this country and myself, and in this sense I am glad
to find that I have now a right to consider myself
a citizen of Glasgow—(cheers) --and to share with
my fellow-citizens those feelings of pride which its
achievements in the arts entitle us to entertain. It
is no small boast that this city was the birthplace
of James Watt—(cheers)--and that his access to
one of the popular scientific institutions of the town
laid the foundation for his marvellous improvements
in the steam-engine. Neither am I, a sailor, likely
to forget that the practical application of steam to
navigation was first made on the Clyde --(cheers)—
which has since that time been deepened and im-
proved by science and loyal energy—so that Glasgow
has become one of the grand emporiums of the
world. (Cheers.) The first steamer, the Comet,
constructed by Bell, with its 40ft. keel and 10ift.
beam, was truly a pigmy by the side of the gigantic
men-of-war and ships of commerce, now built by
Napier and other eminent shipbuilders on the banks
of the Clyde, and which in the exercise of my pro-
fession 1 have often admired. (Loud cheers.) I
thank you sincerely for the kind and encouraging
words which you have addressed to me as an officer
of the navy. This branch of the national service
keenly appreciates the support and commendation
of a great commercial city such as Glasgow. It
will be a source of pleasure to Inc to repeat to the
Queen your appreciation of the patriotic and noble
qualities which endeared my lamented father to
this country. (Applause.) I desire earnestly to
follow in his footsteps as far as my abilities per-
mit me, by giving constant attention as he did
to the promotion of the sciences, arts, manufac-
tures, and commerce, and to those social im-
provements of the people which tend to increase
their knowledge and promote their well-being.
The statue which is to be inaugurated this day,
while it furnishes your lasting record of the worth
of the Prince Consort, will also, I trust, be an en-
couragement to each of our citizens to labour for
the general good of the country, by proving that,
the cultivation of the peaceful arts is a claim to
honour and fortitude which the people at large are
glad to recognise.

At the conclusion of his Royal Highness's reply
the audience rose en masse, and cheered heartily.
A procession was then formed, including all the
corporate bodies, city clergy, and the members of
the learned professions, escorted by the Queen's Own
Yeomanry Cavalry, the line being kept by a large
body of Volunteers and police, ably aided by wooden
barricades, whichlined the streets leading to George-
square, where the statue was to be unveiled. There
was an immense number of spectators, every point
where a view of the procession could be had being
occupied, including the windows and even the roofs
along the route. the weather, however, at this
part of the proceedings was most unfavourable,
heavy rains falling, so that the bunting displayed
had a rather miserable appearance. The ovation
the Duke received, however, was not the less hearty,
he being loudly cheered by the populace.
The ceremony of unveiling the statue was com-
menced by the Rev. Dr. Norman Macleod offering
up prayers. After which Mr. Peter Coniston read
an address to his Royal Highness, which detailed
the steps which had been taken to erect the monu-
ment ; and thanked him for graciously consenting
to inaugurate it.

In reply the DUKE said—Mr. Chairman and gen-
tlemen of the Memorial Committee,—lt is a very
pleasant and grateful duty which has devolved upon
me to represent her Majesty the Queen on the oc-
casion of the inauguration of a statue to the memory
of my beloved father in a city known throughout
the world not only for the successful prosecution of
manufacturing industry, but also for the origin of
some of the most important inventions in the arts
which have added to the comforts and resources of
mankind. As a son I feel proud that this indus-
trial capital of Scotland should have placed on per-
manent record their sense of the value of the labours
of the Prince Consort in promoting those arta4and
sciences which, in their application to industry, con-
tributed so much to the prosperity of manufacture
and commerce. I shall not fail to express to the
Queen the sentiments of loyalty to her Alrajesty's
gracious person to which you have alluded in your
address, and which are confirmed by the lively inte-
rest of the people in the proceedings of this day.
The Queen will be deeply touched by your expres-
sionsr of affection and regard for the memory 0. f her
lamented consort. I congratulate this city,
honour of which as a citizen I have a right to feel an
m
I thee
interest, in the fact of having one of its
.prin.cipal
squares adorned by the art of such al
Id,!stiitngivu
shed
sculptor as Marochetti; and I believe
ill be
agreeable to the feelings of the people—as
that you have
etleas'it certainly
is to the Queen and Royal fa 3
brought together in close proximity the statues of
her Majesty and the Prince Consor
The Duke of Edinburgh then stepped forward and
unveiled the statue, amid the enth —..asfic cheers of
the large assemblage. The monument is an eques-
trian statue, and represents the late Prince Consort
reining in a charger. As a work of art it is credit-
able to the fame of Baron Marochetti.
In the evening the Prince dined with the corpo-
ration in private, and proceeded back to Edinburgh
by a late train.

veMninr.gWth.eC, lmayee,
ttihneg,setchreetarrzp,orht,a vaiongabraetardaotthoe
fnwothiceioheohnaa-
apTpehaerecdu asimnacheaNS,uni,awmasovtainkgenthio
read.
adoption of the report,
said he had not many observations to address to tho meet-
ing. The report informed them generally as to the state of
their property, and he had only to elucidate any point that
seemed to require it. With regard to the traffic it continued
to show a slow but steady increase in the hands of
their excellent staff, both in the engineering and traffic
departments, whose efforts were directed to increasing the
receipts 'and economising expenses. He was sorry that the
result was not more satisfactory, but the development of
the traffic greatly depended on the construction of converg-
ing roads to th? stations of the railway. 'He believed the
Government were sincerely desirous of pushing on that
work as soon as circumstances would permit. The late
President of the provinces of Bahia, who had taken a great
interest in the development of its resources, was now Minis-
ter of Commerce and Public Works. The Board bad ad-
dressed a letter to him, urging on the Government the
necessity of proceeding more vigorously with the construc-
tion of the roads which were actually the key to the suc-
cess of the railway. The directors had not exercised the
power of raising the £20,000 additional capital given to
them for providing steamboats. They had entered into ar-
rangements with steamboat owners, rather than themselves
to work steam vessels between the rid way station and the
city of Bahia. They found that the owners of steamers
were more easily treated with, because they had the means
of building steamers of their own. There wore other ex-
penses which would be met by the small portion of capital
that remained. The working expenses had been reduced,
with the exception of the item for maintenance way to
carry
would
be undesirable
uurnindegitrhabelerefocronlosetroniucotitoivnesotfotghoe
poioo on h
through it, and it would be necessary to make a road over
the hill, which would involve some expense, to facilitate the
a tunnelte i t traffic.
traffic. As to the tunnel, they had sent out competent
people well acquainted with tunnels to entirely reconstruct
it. The failure of the tunnel had risen from the complete
saturation of the hill through which it passed. The heavy
rains of last year had caused a heavy weight of water to
press through the soil on the tunnel, which showed default
and decrepitude under the great pressure. That rendered
the entire reconstruction of the tunnel the best courso
The unexampled prevalence of wet weather had caused
the damage, and the directors thought it best to meet the
difficulty by deducting the estimated cost of it out of the
half-year's revenue. They had sent out Mr. Matthews,
who was most strongly recommended by Mr. Brassy as
a most competent person, to provide and make arrange-
ments for the reconstruction of the tunnel. They were told
that £lB,OOO would be the cost, and they had also to provide
for expenditure beyond that amount for the repair of the sea
walls, which had been damaged from the same cause, mak-
ing £23,000 altogether for those works. The directors were
loath to propose a diminution in the dividend, but their
chief duty was to make a sufficient provision to meet the
total expenditure requisite to restore the works. He feared,
however, that the maintenance of way would always be an
expensive item owing to the nature of the climate. The
tunnel was 300 yards in length, and there was no reason to
suppose that such a disaster would ever occur again. No
doubt proper precautions would be adopted to make the
tunnel perfectly secure in future. The only o:her thing he
had to mention was the closing of the capital account. They
had sent out a very competent accountant to Bahia, who
had carefully ascertained the whole of the expenses ; some
difficulty had been met with in the stores account, but that
had been overcome, and it wasfound the total expense was
within £2,000 or £3,000 of the estimate, which sums would
just be sufficient to construct workmen's houses, and leave
the revenue of the line in future available for dividend to
the proprietors. He was happy to say that the general or-
ganisation of the staff had been very much improved. It
was a climate in which sickness often prevailed and ren-
dered it difficult to keep up the staff. They were on the
best of terms with the Government, and were still in hopes
that the converging roads would be attended to effectually.
There was now a fair prospect before them that all diffiz
unities would be surmounted, and that the undertaking
would become remunerative.

Mr. J. MORGAN, a director, seconded the motion for the
adoption of the repot t.
In reply to questions it .was stated that the directors did
not intend to build steamboats pr.wl4d fiend get the
service efficiently performed by other companies. In con-
sequence of the wet season and the laying down of new
sleepers the expenses had been heavy.
A PROPRIETOR thought the shareholders were greatly in-
debted to the directors for the business like way in which
they had conducted the affairs of the company and met the
difficulties that had arisen. Were it not for these extra
expenses there would have been a little surplus after pay-
ing the full dividend to the proprietors.
Mr. HEIRON said he thought there must have been a
gross want of judgment somewhere in the construction of
the works. The failure of the tunnel, involving a largo
outlay to reconstruct it, ought not to have occurred so
soon after its construction. Ile believed it was the opinion
of the meeting that the reconstruction of the tunnel should
be confided entirely to another engineer. (Hear, hear.)
The CHAIRMAN said that on the failure of the tunnel the
directors had felt it necessary that an independent engi-
neer should be employel to ascertain the best mode of re-
constructing it. They had sent out a gentleman fully ac-
quainted with such works for that object ; the company
materialso whole o f the h
for
9 r
line
theall d works
were buying their own material, and would complete the
tunnel themselves. The only work remaining to be exe-
cuted under their chief engineer was the iron jetty. All the
other portions of the line and works had been handed over
to the Government and had been accepted by them. They
had no reason whatever to complain of their chief engineer,
direction
h
the wmight be said to have been completed within the original
estimate, which was a rare achievement.. The resident
engineer under
was
now
purchasing
reconstruc-
tion of the tunnel. The works would be carried on under
the direction of an independent engineer, who had been
strongly recemmendod to the board.

A long and rather personal discussion ensued, in the
course of which somo of the shareholders expressed them-
selves greatly displeased with the failure of the tunnel, and
with having to provide for its restoration out of the sum
available for dividend.
The report of the directors was adopted, and a dividend
of 2 per cent. for the half-year was declared.
On the motion of Mr. lIEIRON, seconded by Mr. WATTS,
a resolution was passed to the effect that the reconstruc-
tion of the tunnel be carried out under the direction of an
independent engineer.

The proceedings concluded with a vote of thanks to the
chairman and directors.

Agra and Masterman s Bank (Limited).

Yesterday afternoon an extraordinary meeting of the
shareholders in this company was held at the London
Tavern, Bishopsgate-street, for the purpose of considering
and, if thought fit, approving a scheme for the resuscitation
of the Indian portion of the business of the bank.
Mr. TxoMrsox, a member of the late board, was called
to the chair, and in opening the proceedings said he
was
glad to think that it would be his privilege to beforebringu
the shareholders, and to recommend for their adopttn, a
series of resolutions intended to give effect to a planfet
resuscitating the bank, upon which, he venturedto believe,
that it was
there would be no difference of opinion, seeing
punt.
be no disagreement.
(Cheers.) details of which there would be
not,
a project to restore life to the dead—(cheers)
(Cheers.) Ho had not, and could
passed the re.
resignation with which the shareholders.
d when they last had
lutions boat
lutions submitted to them by would assure
e
nd confidence then .
forgetanthdeacbaolumt
which had inspired him and
t
tt°heinmeet
bited by the shareholders
ciated with him to attemp
thatth eitswhaarsehthouldeuta-siminntehssetaroom, and he
The schome was
' tion of the bank. iBIL
dlet"investigation of the
the resuscitation
fell and
co°Dm- that in that ad,
he
gentlemen who wore asso
_ear)
based upon a
ho would add
affairs of the bank ; and: .e• at the conclusions they had, he
and those associate( d been assisted by their
tigation, and
manager and that the investigation
fore felt justifie h saying that
Bombay branch. He
le:ierod not a haphazard one, but
there in
arir-Iv:intri am ha
t'bul°luvged the going through every single
one which bad.)
a the manda
had been
•they did was to dell with the bad
The first thing 'and
account, every item of business, andevery individual trans-
action.
without and thatthe
doubtful debts,. and he could assure the meeting that the bad
vere struck off mercy, doubtful
(°mneess were' treated in a similar spirit. Next they had to deal
with thepossible contingencies, and they also had been esti-
mated at the very most ; and after submitting their affairs to
that severe test, there remained a clear surplus of assets
over liabilities to the extent of £BOO,OOO. But they did not
stop even there. To make things certain they struck off
from that estimate another £200,000, so that they came be-
fore the meeting with clear assetsto the amount of £600,000
over liabilities, after deducting every possible charge and
loss. (Cheers.) But something more than that even had
been done, for they had been able in the course of their in-
vestigation to fix the very days on which those assets would
be realised, and it was proposed to pay interest upon those
up to that time. As to the value of the business, when he
told the meeting that their gross liabilities when the bank
stopped was £7,700,000, and that their assets represented a
sum over .£10,000,000, they would be able to judge for them-
selves, and to imagine the amount of time and trouble which
Vaclbeen devoted to the investigation and to the bringing

''s which it gave him plet to state to the"
meeting. (Cheer.) He had not the sligjit esteimbtthEttithey
had that surplus of assets over liabilities, and -Mat t sti-
mate had valued things at their very worst. Independently
of the difference between realising as a going concern and
a dead one, it must be borne in mind that the p resent time
when everything was depressed was the very worst for
making an estimate, and that they had taken the assets at
a price below the market value at the present time—(hear
hear)—and his own conviction was that they would realise
considerably more. (Hear.) To prevent the possibility of
a misstatement or a mistake, after arriving at their own
conclusion they had asked Mr. Chadwick to go over the
books and make a re-investigation of the affairs of the bank
—and having done that, his opinion fully coincided with and
confirmed the conclusions at which he and his colleagues had
arrived, and enabled them to come before the shareholders
doubly fortified. (Cheers.) There were two conditions ne-
cessary for resuscitation. First, had they capital enough ?
They had £830,000 after a crucial test, and from that they
lopped off an amount to provide for all possible contingen-
cies, bringing it down to £600,000. The second condition
was that they should have a profitable and ready field of
operations, and a business worth working. To that he would
say that the principal business was in India, and that the
main field of their operations was the very best that could
be worked. During the time their business was in Cannon-
street they seldom paid less than a dividend of 12 per cent.;
and during the last two years they were there they paid a di-
vidend of 18 or 20 per cent. All the losses up to the time they
left there were wiped off as they occurred, notwithstand-
ing the good dividends paid. The bank lived through the
panic of 1846-17, and came out finally with a loss of only
about £2OO, so that he thought, from those facts, that the
meeting would agree with him in thinking that they had a
very good business, and one worth carrying on. (Hear.)
He thought the time was particularly favourable for a re-
suscitation. Many banks had succumbed which were for-
merly opponents, and the rate of interest had been 15 per
cent., with hardly any banking accommodation. The con-
nexion of the bank had not been lost, and if they resusci-
tated a greater portion of it would flow back immediately.
They had a fine organisation ready to hand, fitted to do just
the kind of work necessary; and an organisation, more-
over, used to that particular kind of work. He thought,
therefore, that .he sharelnk34.,rs ought to support the resus-
citation by all the means in their power. (Hear.) He be-
loved that would be the only course by which the share-
holders could avoid the miseries of a call, because many of
the creditors had been urging Mr. Canaan to make a call ;
and unless resuscitation were decided upon, the liquidator
would have to make a call immediately after paying the
next dividend. He thought the necessary addition to
the capital by the raising of - new shares, in the manner
proposed by the detailed scheme which had been circu-
lated among them, should be confined to their own body.
They had 1,300 shareholders, and by an effort among them
surely they ought to be able to raise as much as they re-
quired without appealing to the public. There were three
considerations submitted to the present shareholders. It
was estimated that a total paid-up capital of £1,000,000
would be necessary for the resuscitated bank, of which it
was proposed to raise £400,000 by the issue of new shares.
In the first place, the present shareholders would be pro-
tected from calls for two years certain ; and if the assets
realise
of s
selate
6roeod,ouocoed,
therean willdas it is
be n
believed,iso for any
necessityperfectly safeceasltlis-,
and he believed they would be free from calls for ever;
secondly, the assets were sure to produce much more in the
hands of a working bank than under liquidation ; and lastly
the present shareholders might reasonably hope in the
future to make up a pot lion of their loss, partly out of the
balance of assets over £600,000, which it was believed
would be realised by the carrying out of the proposed
scheine, and which, when realised, would be payable in
the cash, and
resuscitated
ipartlybbay then
k gro
wing
elievveadlutehaotf,
ftih.oemi r
thsheaarsessuirn-
ances of support already received, the bank had a very suc-
cessful career before it.

The CuintmAN, having highly eulogised the ability
energy, and earnestness of perpose shown by Mr. Morris,
the solicitor under whose advice they were acting, con-
cluded by moving " That the shareholders present approve
of the proposal which has been submitted for the resuscita-
tion of the Indian portion of the business of the bank."
Mr. SPICER seconded the motion, and said that before the
stoppage of the bank, which was brought about by unfair
means, it was the most popular and largely supported of
any bank in India. If it were re-opened, ho believed its
presrge would be restored, and that it had a long and pros-
perous career before it.
Mr. GALSWOE.THY said that a more complete or compre-
hensive scheme for the resuscitation of the bank could not
have been devised, and he gave his cordial support to the
resolution, which was then carried unanimously; and,
Upon the suggestion of the Chairman, tho meeting rose
and gave three cheers.

Capt.LY.xcli moved that a committee of 13 shareholders,
wall power to add to their number, ba appointed to give
effect to the resolution, and with power to make such mo-
dif!eaVons in the plan as they might find necessary.
Col.-S.lllml seconded the resolution, which was unani-
mously agreed to.
On the motion of Col. rl:tc4seeendedrby.7.Col. Ha WATT,
the following gentlemen TP(31:43 ailpointed- to constituto the
committee:—Sir George Polloek, K.C.8., W. Bracken, J.
Kemp, Gen Campbell, Sir P. Cautley, C. H. Lushington,
E. Wilmot, J. Spicer, Col. the Iron. 11. P. Dalzell, E. 11.
Morland, Dr. Richardson, James Thomson, and Henry W.
Peek.

The CH.tTUM tN next propsod—" That this meeting de-
sires to acknowledge the facilities hitherto afforded by Mr.
Outman, and requests and authorises his assistance and co-
operation with the committee to give legal effect to the
proposed arrangement."
The resolution was agreed to, and the proceedings closed
with votes of thanks to the official liquidalor, the solicitor
(Mr. Chadwick), and the chairman.

CONTRACT FOR COALS FOR HONG KONG.
Contract Department, Admiralty,
Somerset-house, Oct. 18, 1866.
THE COMMISSIONERS for EXECUTING
the OFFICE of LORD HIGH ADMIRAL of the
United Kingdom of Great Britain and Ireland, do Hereby
GIVE NOTICE, That on TUESDAY, the 30th inst., at
Two o'clock, they will be ready to treat with such persons
as may be willing to Contract for Supplying and Deliver-
ing
into Store, or on board her Majesty's steamships and
vessels 14 Hong Kong, 5,000 TONS of COALS. 1,000
tons of the Coals to be shipped by the 30th November,
2,000 tons more thereof in the month of December, and the
remainder thereof in the month of January next. One-
third of the quantity to be shipped in each of the above-
mentioned periods to consist of North of England Coals,
and two-thirds of South Wales Coals. All the Coals to be
fit for the service of her Majesty's steamships and vessels.
A Form of the Tender and Conditions of Contract may
be seen iu the Lobby of the Storekeeper-General's Dop
rt-
ment, Admiraly, Somerset-house. No Tender will be re-
ceived after Two o'clock on the day of treaty, nor will any
be noticed unless the party attends, or an agent for him
duly authorised in writing.
Every Tender must be addressed to the Secretary of the
Admiralty, and bear in the left-hand corner the words
" Tender for Coals for Hong Kong, and must also be
delivered at the Department of the Storekeeper-General,
Admiralty, Somerset-house, accompanied by a letter signed
by two responsible persons, engaging to become bound
with the person tendering in the suns of £25 per cent. on
the value for the due performance of the Contract.
By Order,
ANTONIO BRADY,
Registrar of Contracts and Public Securities.

THEATRE ROYAL DRURY-LANE.
Sole Lessee and Manager, Mr. F. B. Chatterton.
THIS EVENING will be performed Shakspere's Tragedy
of MACBETH Mr. H. Talbot ; Messrs. Sinclair, T. ead,
W. Mlntyre, Henri Dr .yton ; Mesdames Amy Sedgwick,
Jenny Bauer, Rebecca Isaacs, so
To conclude with THE BEGGARS' OPERA. Captain
Macheath, Mr. W. Harrison.
Commence at Seven.

THEATRE ROYAL, lIAYMARKET,
Sole Lessee and Manager, Mr. Buckstone,
THIS EVENING, THE OVERLA.NO ROUTE. Messrs.
Charles Ma• hews, Buckstone, Compton, Chippendale, Itozers,
Clark, Braid. Gordon. White, &c. ; Mesdames Mathews, Chip-
pendale, Hill, Wright, 'Sze.
After which, the BALLET DIVERTISSEMENT. The
Misses Healy.
To he followed by THE clam. Mc srs. C. Mathews,
Compton, Rogers ; Mrs. Fitzwilliam, &c.
To conclude with MY HUSBAND'S GHOST.
Commence at Seven.

ROYAL LYCEUM THEATRE.-
Sole Lessee and Manager, Mr. Veehter.

THIS E VENING, BRUTUS AND C,ESAR.
Ilcarade.

Miss

At a Quarter before 8, the new Drama, in Four Ac's, TFIE
LONG STRIKE, written by Dion Boueicault. The New
Scene yby Mr. 'I. Greive and assistants. Jlets, e. S Emery,
Widlicomb, Nltzpatrick, Dalton, D. Evans, Anderson,
INewbound. Stanley. Lomas, Moreland, Andrews, Reynolds,
and J. C. Cowper.

To conclude with TWEEDLETON'S TAIL COAT. Toby
Tweedleton, Mr. 11. Widdicomb ; and Miss tiratton

Acting Manager, Mr. U. B.irnett. Stage Manager, Mr. W.
West.

Box-office open daily from Ten till Five.

THE LONG STRIKE.-ROYAL LYCEUM
THEAT &lE.—Johnny Reilly (an Irish Sailor), Mr. D.
Boucicault; Jane Learoyd (a Factory Girl), Mrs. D. Bouci-
cault. At 7 o'ciock.

ROYAL PRINCESS'S THEATRE
Sole Lessee and ►Manager. Mr. Geo. Vining.

WINTER SEASON.
N.B.—Doors open at Half-past Six, performances to com-
mence at Seven.
THIS EVENING, a Comedy, in Three Acts, by John
Oxenford, Esq, entitled THE TRIPLE ALLIANCE Mr.
Vining, Mr. J. G. Shore; Miss K. Rogers, 51iss Neilson, and
Airs. Buckingham White.
After which, at 9 o'clock, THE HUGUENOT CAPTAIN'
by Watts Phillips. Esq. Mrs. Stir;ing, Miss Neilson, Miss A•
Thomson; 51r.Forrester, Sir. G. Honey, and Mr. J. G. bhure.
Grand Ballet of Bo:aemians, in which MM. Flageolet,' ClO-
- Comete, and Normande, will appear. Scenery by Mr.
F. Lloyds.

THEATRE
sole Proprietor and Manager, Mr. B. Webster.
TUTS EVENING, at 7 precisely (nth time), EniEL; or,
ONLY A LIFE. Miss hate Terry, Mrs. Allred Aiellon,
Miss Furtado, Miss Emily Pitt ; Messrs. Billington, Stephen-
son, Ashley, .Kom.r, C. J. bmitti, &c.

To conclude with HELEN; or, TAKEN FROR THE
GREEK. Mrs. A. Mellon, Miss Furtado, Miss Emily Pitt ;
Messrs. Paul Bedford, E. Phillips, P. A. Shaw, Ashley,
Eburne.

ROYAL STRAND THEATRE.
Sole Lessee and Manageress, Ifrs. swanborough.
THIS EVENING, THE MARRIED BACHELOR.
Messrs. Thorne and Price; Misses Johnstone and lla‘he..
To be followed by IN TUE WRONG BOX.,
After which, will be produced a Grand Burlesque of
DER FREISCHUTZ ; or, A Good Cast tor a Piece.
Messrs. Thorne, James, and Robson; Mesdames Swan -
borough, Raynham. Johnstone, and du,hes.
To conclude wi:h WAILING FOR THE UNDER-
GROUND.