The Sun.
London, England, 1857-01-13 00:00:00

THE REVSTRATION OF TRANSFERS.

The following, document bas been recently addressed
to the Stock Exchange by the South-Eastern Railway
Company :
" South-Eastern Railway, London Terminus,
Secretary's Office, Jan. 1, 1657.

"Dear Sir,—l have pleasure in replying to your in-
quiry, with reference to the practice adopted by the
South-Eastern Railway Company as to the registration
of transfers and the issue of certificates of stock and
shares.

"On the receipt of each transfer at this office, a
notice is addressed to the trausferer of the stock, ad-
vising him that a transfer of stock (of the amount
specified) has been lodged with me for immediate regis-
tration.

" The transfers, with the particulars of the stock
certificates received by post, are entered by me in a
daily list, which is signed for by the transfer clerk, to
whom the documents are then handed for examination.
When the transfer clerk has ascertained that the siena•
tures are properly attested, and the deeds are sufficiently
stamped, he ackaowledkes receipt to the senders by
return of post.
"Those transfers and certificates which are received at
the counter undergo a similar examination, and a receipt
for them is handed to the party who presents them,
which is required to be surrendered, in exchange for the
new certificates issued in the name of the transferee.

"Iu cases where stock certificates presented with the
transfers are not exhausted by the issue of new certifi-
cates, and a balance remains to meet future transfers, a
certificate to the effect that the coupons of such balance
pf stock are at the office, is entered on the margin of the
deed by which they are transferred, either by myself, or
by Mr. Cox, the transfer clerk.
"The registration of the transfers is proceeded with
by the transfer clerk on the day following their receipt,
as also the preparation of new certificates, which are en-
graved on paper bearing the company's watermark, and
have printed across their face, in large figures, the
amount of the stock cr share capital represented by each
piece. A complete list of these is then prepared by the
transfer clerk and handed to me, together with the regis-
tered transfers, the old certificates, and the new certifi-
cates prepared for re-issue.
" These undergo a further examination, and before
signing the new certificates I ascertain that old certifi-
cates for an equivalent amount of stock are presented,
which, on signature of the new, are cancelled. The docu-
ments are then banded back to the transfer clerk, by
whom the new certificates are then issued. A form or
receipt is at the same time transmitted to the ageits or.
stockbrokers, to be signed by them and returned to i,he
company.
" In the 'Abstract of Transfers' the following parti-
culars are carefully noted :—When and how the certifi-
cates of cancelled stock have been disposed of, to whom
the new certificates of equal amount have been sent, with
the numbers and dates of the respective receipts. The
stock registers are posted up daily, and the postings are
called over and verified periodically.
" In the case of transfers of fixed 41 per cent. shares,
a similar course is adopted, with the addition that, be-
fore the company's seal is affixed to the new certificates,
the cancelled shares are laid before the directors for exa-
mination, after which they are sealed by order of the
board, and are therefore issued.

"The daily lists of transfers, and of certificates of new
stock which have been issued between the intervals of
the meetings of the board, are also laid upon the table
at the regular fortnightly meetings.
"The accuracy of the issue stock and shares in the
company undergoes a further complete check at the ter-
mination of each half-yearly period. The dividend lists
are made out in detail in the transfer-office from the stock
and share registers. In those lists are set forth the names
and addresses in full of each proprietor, the amount of
stock and shares respectively held by them, the gross
amount of dividend apportioned to each, the amount of
income tax deducted, and, lastly, the netamount of each
dividend warrant. The several columns, on being added
up, must accurately correspond with the gross amount of
dividend declared at the half-yearly meetings of the com-
pany, on the total stock and share capital issued, with the
total amount of income tax deducted from the gross divi-
dend and payable to the Government, and with the net
amount of dividend payable to proprietors. On this verifi-
cation being completed the dividend warrants are prepared
and issued ; on which the lists are handed over to the ac-
countant, who checks the several payments as they are
made and returned by the company's bankers—l am, dear
" S. SMILES, Secretary.
sir, yours truly,
" M. Slaughter, Esq., Secretary to the Railways
Department, Stock Exchange."

UNLOOKED•FOR COMPLIMENT.—On Friday night last,
after addressing a meeting of the electors, Lieutenant-
General Sir William Codrington proceeded to the Dock-
yard station of the North Kent Railway for departure to
London. While waiting here a seaman named Robert
Gardner, son of sub-Lieutenant Gardner, of the Royal
Sappers and Miners, advanced to the gallant General
and presented him with a full dress sword, which be had
taken from the house of the Russian Governor at Yalta
during the occupation of that town by the British troops.
General Codrington, who was taken by surprise at the
circumstance, accepted the present with hearty thanks.
TITLES OF ENGLISH KINGS.—The first "King s
speech" ever delivered was by Henry I. in 1107.
Exactly a century later, King John assumed the royal
" We :" it had never before been employed in England.
The same monaroh has the credit of having been the first
English King who claimed for England the sovereignty
of the seas. " Grace" and "my Liege" were the ordi-
nary titles by which our Henry IV. was addressed.
" Excellent Grace" was given to Henry VL who was
not the one nor yet had the other. Edward IV. was
" Most High and Mighty Prince." Henry VII. was
the first English "Highness.:' Henry VIII. was the
first complimented by the title of Majesty;" and
James I. prefixed to the last title "Sacred andijdost
Excellent."—Monarchs Retired from Bu6nell.