The Sun.
London, England, 1861-12-17 00:00:00

LATV INTELLIG.ENCE—(This Day.)

COURT OF COMMON PLEAS.
(Before Arr. Justice Keating.)
WILLIAMS V. WARDE.
The jury in this case (the facts of which will be found in
another column), gave a verdict for the plaintiff, assessing
the damages, which had been laid at £6OO, at 405., each
party to pay their own costs.

ROLLS COURT.
(Before Sir John Romily, Master of the Rolls.)

IN RE THE NATIONAL ASSURANCE AND INVESTMENT

ASSOCIATION.

This being the day appointed by his honour on the ap-
plication of the official manager for the winding up the
affairs of the association, and for the examination of the
directors, the court was crowded with persons interested in
the case.

Mr. Selwyn, Q.C., represented the official manager, Mr.
Rolt, Q.C., Mr. Jessell, Mr. Gifford, and several other
learned gentlemen represented other parties interested.
Mr. Selwyn said what he proposed was, in the first in-
stance, as they could not find the only person who could
have given the best information, the managing director,
Mr. Morrison, to call the chairman of the directors. They
had tried and made every effort to find Mr. Morrison, but
without effect. He then called,
Lord Keane, who deposed—l was elected a director of
the association in 1852, and afterwards became chairman in
May, 1857. The deed put in is the deed of the settlement
of the company, and was signed by me. lam not aware of
any other deed, it is the book referred to in the Minute
Book. I find an entry in the Minute Book, in which X3OO
capital stock was allotted to the bank, but it was without
my consent; I did not pay for it. I believe that other
directors had capital stock allotted to them. The way
in which it was paid for was, as I understand, the
amount was borrowed as a loan of the association, and
then he was debited with the dividends on the stock,
and credit given on the other side tor interest on
the loan; the same course was adopted with respect to the
other directors. The directors were paid two guineas for
each attendance, and the chairman three guineas. The
same amount was paid for attendance ( n committees. I
believe the first time of my attendance as a director was on
the 15th of Feb., 1853.

Mr. golwyrt—l fins an entry in the minute book of the
22d of February at a meeting of directors at which you were
present, a proposal by Lord George Paget for the surrender
of an annuity on tho Mb of Mr. Jos. Macartey for £3,000.
Lord Keane—l belieie there was such a proposal.

Mr. Selwyn—Mr. Macartey was instrumental in getting
up the association, and Had received a policy of insurance
on his life for £2,500 and an annuity of £2OO for his ser-

vices.

Lord Keane—l know nothing of that of my own know-
ledge, it was before I had anything to do with the associa-
tion.

Mr. Selwyn—Can you give any explanation of the entry
on the 22d of Feb., 1853, of the proposal of Lord G. Paget
for a surrender of the annuity to Mr. Macarte for the sum
of £3,000, and for which £3OO had been paid a :short time
before, Lord George being himself the chairman at the
meeting,

Lord Keano—l cannot givo any explanation of that
ransaction.

Mr. Selwyn—l understand that Lord George Paget ex-
pects he shall be examined to-morrow, and that he would
give every explanation.

Examination of Lord Keane continued—l attended very
frequently the meetings of the directors, all proposals were
brought before the board by Mr. Peter Morrison, the manag-
ing airector, who certified their correctness. The circular
produced he had seen before, he knew that resolutions were
passed for the insertion of advertisements in the daily and
London papers of the association, in which it was stated
that interest would be paid at the rate of £5 per cent. on all
deposits, out of the profits. I was a member of the finance
committee, and signed the books certifying the accounts
were correct. I was not aware that in Dec., 1853, the assist-
ant was insolvent. I only knew it from Mr. Harding's re-
port. lam not aware that any investigation was gone into
by the directors to ascertain the financial state of the associa-
tion. In March, 1853, ho made a proposal for a policy on his
own life for £999, which was granted. There was a proposal
for the allotment of £5OO capital stock to Lord Temple-
more. There were also allotments of £5OO stock to Mr.
W. L. Petter, Major Adair, Mr. Hobhouse, and Mr. Wills,
they were entered and debitted and paid for by loans, as in
other cases. Could not recollect the proposition for a con-
version of the capital stock into 2,000 shares of £4O each.
He knew nothing of any bye-laws nor saw any, the adver-
tisements and the almanack were the work of Mr. Morison.
The witness was then examined at considerable length as
to various entries into the minute-book of the meetings of
directors, but he could not give any satisfactory explana-

ions of the entries as a member of the Finance Committee.
(The case was proceeding when we went to press.)

TB'S DAY'S SHIPPING.

LONDON, Dec. 17.—Wind this day at noon—North-
Westerly ; moderate breeze, with dull, cloudy weather.

. ,
PLYMOUTH, Dec. 16 —Wind W.—Arrived—Contest,
from Newfoundland.

PORTSMOUTH, Nov. IG.—Wind W.N.W.—Arrived—
Her Majesty's ship Rhadamanthus, from Woolwich.
QUEENSTOWN, Dec. 15.—Wind W.S.W.—Arrived—
Edinburgh, screw steamer, from Liverpool, and left for
New York.

ELECTRIC TELEGR..4.2I.)
SOUTHAMPTON, Tuesday Morning.

Arrived—North Briton, from Quebec ; - Hope, ti-om
Exbury ; Eliza, from Cowes; Leda, steamer, from Dublin.
No sailings.

(BY SUBMARINE AND ➢fAGNETIC TELEGRAPH.)

GRAVESEND, Tuesday Morning.

Arrived, Dec. 16—Greyhound, 'from Newfoundland ;
Island Queen, from St. Michael's ; Eliza, from Riga;
Perseverance, from Medemblik ; Moselle, from Antwerp ;
Courier, from Bremen ; Stork Nymph, from Engelholm ;
Peter Minde, from Stralsund; Glengriat, from Gluckstadt;
Prospect, from Gottenburg.
Arrived, Dec. 17—Factor, from Hamburg; William
Walker, from Pillau.
DE. L, Tuesday Morning.
Anchored—Boanerges and Saint Peter, from Shields for
Cadiz.
Anchored—Fairy Rock, from London, for Barbadoes ;
Azoff, from London, for Trinidad ; Pride of the West, from
Shields, for Callao.

NATIONAL CHORAL ►SOCIETY.—In consequence
of the lamented death of H.R.H. the Prince Consort,
the performance of " The Messiah," announced for Mon-
day evening next, is postponed to Monday, 30th inst.

The Moniteur announces that the rate of interest
on French Treasury bonds has beon lowered to 31 per cent.
for short periods, 4 per cent. for six months to run, and 4f
for 12 months.

The Wellesley has arrived from Melbourne with
75,961 ounces of gold, worth about £303,000. The only
other gold ship at present known to be on her way to Eng-
land is the Kent, 63 days out, with £422,000.