The Sun.
London, England, 1861-07-31 00:00:00

PRIVATE BUSINESS.

The Lords' amendments to the Eastern Counties Railway.
Bill and the Kilkenny Junction Railway Bill were considered
and agreed to.
Mr. DEEDES moved the following, to be added to
standing order 162 :—When in any bill a provision is in-
serted authorising any company to subscribe towards or to
guarantee or to raise any money in aid of the undertaking
of another company (which bill is not brought in by
the company so authorised, or of which such
company is not a joint trornoter), proof shall be required
before the examiner that the company so authorised has
consented to such subscription, guarantee, or raising of
money, at a meeting of the proprietors of the ordinary
shares in such company, held specially for that
purpose, in the same manner and subject to the same
provisions as the meeting directed to be held under stand-
ing order 162, and that such consent was given by such
proprietors, present in person or by proxy, holding at least
three-fourths of the ordinary paid-up capital of the com-
pany represented at such meeting, such proprietors being
qualified to vote at the meeting in right of such capital ;
and that the notices for the bill state the sum authorised
to be subscribed, or guaranteed or raised, and also state that
the consent of the company has been given as aforesaid.
In any case in which such consent has been given, it shall
not be necessary to submit the bill, in respect of such pro-
vision as aforesaid, to the approval of a meeting to be held
in accordance with standing order 162. That the said orders
be standing orders of this house. And to alter standing
order 163, by inserting " standing order 162 or" after the
word " of" in line 4 of that order.

Col. FRENCH and Mr. LOCKE objected to the addi-
tion to the clause.

Mr. NEWDEGATE considered the resolution proposed
was desirable, and illustrated his views by reference to his
personal experience in regard to public companies.
Mr. HENLEY agreed with the last speaker, and consi-
dered that the house would be doing a public service by
assenting to the amendment proposed.
After some further conversation the motion was agreed to.
COMMITTAL OF THOMAS CARTER.

Sir G. C. LEWIS said that he had been asked a ques-
tion in respect to a person named Thomas Carter, who had
been imprisoned in the Isle of Wight as a vagrant. He
had received a communication from the committing
magistrate, to the effect that he had directed the report of
the evidence to be forwarded to the Home office, but it
had not yet been received. The magistrate also stated
that the conviction had been made on the evidence of some
police constables who had seen him wandering about
Ryde, and who stated that he had seriously frightened two
young women in the neighbourhood.
EMIGRATION TO AUSTRALIA.

Colonel FRENCH inquired of the Under-Secretary of
State for the Colonies by whose sanction the rule had been
made at the Emigration-office that passages to Australia
would be given to English and Scotch men, but not to the
Irish.

Mr. FORTESCUE said that there was no such rule as
that implied by the motion.
THE THAMES EMBANKMENT.

Sir J. SHELLEY inciaired whether the Government
intended to adopt the recommendations contained in the
report of the Thames Embankment Commissioners, as re-
garded the line •f embankment proposed to be taken; and
whether they intended to appoint another commission for
the purpose of carrying out the work ; and, if not, to what
body they proposed to entrust the construction of the
embankment.

Mr. COWPER said that the Royal Commission had just
made a report, in which they recommended a plan for the
embankment of the Thames, which would provide, with a
due regard to public and private interests, in a more efficient
manner than any previously, and Government proposed
to adopt it. The commissioners had also recommended
the appointment of a specia; commission to superintend the
carrying out of the works, lint the Government did not in-
tend to comply with that recommendation, as the parties
who paid the coal duties wers desirous that the
works should be under local control, and it was
not deemed desirable to create new authorities when
those already in existence were adequate to discharge their
functions. (Hear, hear.) In the bill which he intended to
introduce next session, he proposed that the power of seeing
the engineering works carried out be intrusted to the
Metropolitan Board of Works.

INDICTABLE OFFENCES (METROPOLITAN)
BILL.

On the motion of Mr. IVALroLE,
The order for going into committee on this bill was dis-
charged, and the bill was withdrawn.

LUNACY REGULATION BILL.

The report of the directors to the eighth half.
yearly general meeting, on the sth of August,
states that the hotel has now been carried on for
five months, and they congratulate the shareholders
upon the result. The business of the first two
months was of course conducted under unfavour-
able circumstances, the hotel being only partially
occupied, and the establishment being necessarily
on a full scale ; nevertheless, there has been a very
satisfactory profit. The profit and loss account
embraces the period between the 13th of August
and the 30th of June last, so far as it relates to that
portion of the hotel leased to the India Board, and
between the Ist of February and the 30th of June,
so far as it relates to the general business of the
hotel. The result shows that after paying interest
to the 30th of June on the sum of £25,000, tempo-
rarily borrowed from the bankers of the company,
on the security of the company's debentures for that
amount, there is a net profit of £4,469 2s. 4d.,
which, in the opinion of the directors, is very gra-
tifying. The board have determined, under the
powers conferred upon them by the 74th clause of
the articles of association, after pl oviding for the
payment of interest at the rate of 5 per cent. on
moneys paid in anticipation of calls, to set aside out
of the profits the sum of £1,221 16s. Bd. as a re-
serve fund, and out of the balance then remaining,
£3,247 ss, Bd., to declare a dividend, with the sanc-
tion of the shareholders, at the rate of 6 per cult.
per annum for the half-year ending the 30. h June
last, which will be payable on the original shares
from the Ist of January last, and on the new shares
on and from the dates upon which the deposit and
first call were respectively paid, clear of income
tax. The claims upon the company, which were
under discussion at the time of the last meeting,
including that of Mr. Myres for building, have all
been arranged, and the prospects of the company
for the future are highly encouraging. The hotel
appears to give satisfaction to the public, and for a
considerable portion of the latter period of the last
three months has been quite full. The working
expenses of the first half-year have been larger in
proportion to the receipts than they may be ex-
pected to be in future half eers, and the direc-
tors see no reason to doubt that the earn-
ings will yield a very good return upon
the capital. The directors farther hope to be able
by arrangements at the back portion of the pre-
mises to economise on the cost of washing and
otherwise. Immediately after the last general meet-
ing the board, acting on the powers then conferred
upon them, proceeded to offer to the shareholders
the option of subscribing for the 3,000 new shares
thereby created. There remain at the disposal of
the company 603 of the new shares, for which the
board are prepared to receive applications on or
before the 31st of August next, when a rateable
division will be made amongst the applicants. The
total expenditure on capital account to the 30th of
June has been £151,647 16s. 9d., and the board are
of opinion that the total cost, exclusive of what may
be required hereafter for furnishing that portion of
the hotel let to the India Board, will be within the
amount which the board have powers to raise.