The Sun.
London, England, 1859-07-01 00:00:00

CRYSTAL PALACE.

The half-yearly meeting of this company was
held yesterday at the Bridge-house Hotel, South-
wark, Mr. Farquhar in the chair.
The Secretary having read the notice convening
the meeting, the report, an abstact of which has
appeared in The Sun, was taken as read.
The CHAIRMAN said, it had been decided at the
last meeting that the accounts of the company
should in future be made up annually to the 30th
of October, and at the December meeting the divi-
dend would be declared. He thought it a wise
policy to do so, and not to attempt to make up the
accounts half-yearly to the 30th of April, because
such a course was liable to considerable misappre-
hension, and shareholders could not form any idea
in the first half what the second half would pro-
duce. He thought he could safely state that the
result of the year's working would be satisfactory
to them. With regard to the late Handel Festival
the accounts had been just made up, And the result
showed a net balance in favour of the company of
between £12,000 and £13,000. (Cheers:) He did
not wish to speculate on the amount of dividend
they were likely to have at the end of the year, nor
did he wish them to speculate on what it would
be ; at the same time he thought the amount would
be satisfactory. In connexion with the Festival
they were deeply indebted to Mr. Costa for his in-
defatigable zeal in the management of that great
undertaking. (Cheers.) There were two vacancies
at the board, caused by the retirement -of Mr. D.
Seymour and Captain Walter. The number of
their board would be ten; and he found limn the
list of attendances at the board meetings that they
averaged between nine and ten members. The late •.
committee of shareholders had recommended that
the number of directors should be 12, It was not
easy to get gentlemen to undertake the anxiety and
responsibility of managing the affairs of that com- .
pang. The original number of directors was eight,
the committee had recommended 12, and the num-
ber now stood at ten. The question was whether
they would now• be satisfied with that number. tu
Mr. SLACK objected to the paragraph in - the
report which related to the number of directors: He
thought it would be better to have 9 than 11 direc-
tors. He then, at considerable length, found fault
with the management, complained that a proper
supervision did not exist over every department,
and indulged freely in several personal observations
amid considerable uproar. He concluded by mov-
ing an amendment to the effect that the report be
adopted with the exception of the clause relating
to the recommendation not to fill up the vacancies
in the direction.

Mr. PUNCHER seconded the amendment.
The CHAIRMAN said he had no objection to omit
the clause referred to in the adoption of the report.
A considerable time was occupied in replying to
the personal observations made by Mr. Slack, and
which appeared to cause considerable amusement.
Mr. PUNCHER said they ought to feel much
obliged to Mr. Slack for the observations he had
made. He thought that considerable advantages
had been taken in the refreshment department dur-
ing the Festival in charging high prices for dinners
without any corresponding benefit to the company.
All the company received was 21d. a-head, while
in many cases sums of ss. and 10s. per head were
charged to individuals for refreshments.
The CHAIRMAN thought that every opportunity
should be given the proprietors for free :rid open
discussion, but the course adopted by Mr. Slack could
not be sanctioned, and he trusted that this would be
the last meeting at which personalities would be in-
dulged in. It was entirely out of place to use such
terms as " fraud," &c. He (the chairman) had a strong
hope and belief that they could regenerate the con-
cern. The directors did everything they could for
the best, and in their endeavours to improve the con-
cern it was not too much to expect the support of
the shareholders. (Hear, hear.) It was impossible
to follow Mr. Slack through all his bygones and
suggestions, as he was not responsible for them,
but with regard to the debenture stock he might
state that since the last meeting £23,915 of it bad
been taken up by the public, and out of the £250,000
authorised to be issued £169,000 had been taken
o la
up, leaving £Bl,OOO on hand. It was very dfd-
sirable for the company that this should be g
refreshmentmadewhich
eh
heof
of
rams soontho fi ar ss
tcharge
possible.
on
undertaking,
debenture
and the
stock would
rate of interest guaranteed on it was 6 per cent.
per With r de-
partmentgar annum.
arrangements
hoped would give satisfaction. The lower class had
been better attended to in that department than the
haadtobe thee n
higher class, but he hoped that extended kitchen
accommodation and other matters -would remedy
these defects.

The report was then adopted With the omission
of the clause relating to the vacancies in the direc-
tion.

caused by that the vacancies
d by the retirement of Mr. D.
The CIIAIRMANat
Walter be not filled up, and that
idsniely‘tehme ctoour
directors
directionb l:dlc2:
Capt
the number of directors be 10.
nsteadPorfopl
chairman
n,t handslvas
carried. proposed that the number of
AOnn_
bll.7.hoieoanegilinthe amendment was rejected
sisit,tl(l4lT67Natinhrde.nthe motion proposed by the
T
proposed that Mr. Anderson,
Ogilvie, the retiring directors,
be re-elected.
The following names of shareholders were then
handed in as candidates for the seats of the retiring
directors—namely, Mr. Garty, Mr. Oliphant, Mr.
Laceman, and Mr. Richards.
On a show of hands Mr. Richards, Mr. Laccman,
and Mr. Garty were declared elected.
A requisition for a poll was duly signed by 12
shareholders representing in the aggregate over
300 shares. Mr. Puncher and Mr. Goez were ap-
pointed scrutineers.
It wa3 decided that the ballot should be taken
that evening until seven o'clock, and be opened el!
the 14th, 15th, and 16th of July, from 11 to 4, andat
the secretary's office, in the Crystal Palace
the result to be declared on Thursday, the
112
July, at the said Palace.
'
Capt. YOUNG then renewed the Sunda;questionj.EiieFsslsatO
nd
amid considerable uproar ; Mr. W. f
other shareholders replied; after which the meet-
ing was adjourned to Thu
to receive the result of the Crystal
therpa.
sday,
poll
thet 2 Ist of July,
Palace.
[A

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