The Sun.
London, England, 1857-08-10 00:00:00

GENERAL IRON SCREW COLLIER

COMPANY.

MEETING THIS DAY.' ,

The annual general meeting of the shareholders in this
company was held this afternoon at the London Tavern,
Bishopszate-street —us CV rr..,4, M. 1., :.. 62.., .4..../..
The report stated that there appeared to have been a
loss on the year's transactions, after setting aside 15 per
cent, on the cost of the vessels for insurance and depre-
ciation fund. After defraying the charges of the current
expenses and repairs, together withd,Bs7l. 13s. 10J. from
surplus profits to a dividend on the first 6 months, there
was aloes of 7741.55. 10d. The report accounted for this
depression by the sudden termination of the Russian
war, which threw a large amount of tonnage on the
freight-market, and consequently a reduction of freight-
age, which had acted with great severity during the
past six months. The repairs for the half-year had
been unusually heavy. In the year ending 30th June,
1854, the contingencies amounted to 2271. per ship ;
in 1855, to 1131. ; in 1856, to 711. ; and in 1857, to 3251.
Of the latter sum, 3151. per ship (forming in the
aggregate an absolute charge of 4,4001.) has fallen on
the second half of the past year. If the last six months
be taken as the rule of the ensuing year there would
accrue a loss to the company at its termination of not
less than 2,7981, 119.,81 The report further stated
" But there is another point of some consequence to
be noticed in reference to the future. It arises
from the alteration which the resolutions of the
last General Meeting, will produce on the mode of
distributing the income of the Company. Hither.
to, in accordance with the deed of settlement, it
has been the practice, after providing for repairs of ves-
sels and current expenses, and before the payment of
any dividend, to set aside out of profits 10 per cent, on
the cost of the vessels for an insurance fund, and an
additional 5 per cent. for a Depreciation Fund. At the
close of the present year, the accumulations arising from
this source, and the extra profits of properous years,
have sufficed to return 25,0001. to the shareholders to
commence a new Depreciation Fund with 10,0001. to its
credit, and a new insurance fund with not less than
25.0001. Hereafter a similar per centage on the cost of
the vessels will continue to be set aside; but the De-
preciation Fund will be allowed to accumulate till it
amounts to 50,0001., when it will le again brought under
the review of the company, and the whole of the in-
susance fund above 25,0001., after providing for losses,
will annually be divided among the shareholders."
On the motion of the CHAIRMA.N, the resolutions of
the extraordinary meeting of the 7th July last, for re-
Iducing the capital of the company was unanimously
agreei to. -.

After some discussion on hearing the Chairman's
statement, the report and accounts were received and
adopted.

The retiring directors, Mr. Chaytor, Mr. Mangles,
and Mr. Miers were re-elected.

Mr. Nicholson and Mr. Nelson, the retiring auditors,
were re-elected.
A vote of thanks to the chairman and directors ter-
minated the meeting.

Her Royal Highness the Duchess of Kent arrived at
A.bergeldie on Saturday evening, at. half-past 7 o'clock.
The Duke and Duchess of Norfolk and family have
left Norfolk House, St. James's-square, for Arundel
Castle, Susses.
The Duke of Devonshire left town on Saturday, for
Chatsworth, Derbyshire, whence his grace goes to Bolton
Abbey, Yorkshire.

The Duke of Cleveland left town on Saturday, for
Baby Castle, Durham. The Duchess and Lady Augusta
Paulett left town the same day for Brighton, where they
purpose staying several weeks, before repairing to the
north for the winter.

The Earl of Jersey returned to town on Saturday,
from Middleton Park, near Bicester.

Lord and Lady Cowley awl family have left Paris for
Tronville.

The Spanish General Prim has just arrived in Paris.

The Right Hon. James Stuart Wortley, M.P., is, we
are happy to learn, recovered from his severe attack of
the only effects remaining being a slight weak-
ness. iThe bon. and learned gentleman has just returned
to town from Eserick Park, Yorkshire, Lord Wenlock's
seat, where he remained in seclusion to renovate his
health.

The handsome church of St. Jacques at Amiens has
bee❑ almost entirely destroyed by fire.
It is rumoured that two authors will receive the Cross
of the Legion of Honour on the 15th August—MM.
Alex Andre Dumas, jun., and Theodore Barriers.
A LUCKY COMPOSER.—Who would not be Signor
Verdi ?—if the tale be true that he has contracted to
write an opera for St. Petersburg, in the Handel
Centenary year of 1859, for which he is to receive only
upwards of 3,5001. of English money,—Athenaeum.
LYCEUM THEATRE.—The engagement of Madame
gist came to its termination on Saturday night, when
Dean Milman's tragedy of " Fazio" was performed
tefore a numerous and distinguished audience, who took
have of the great artist with universal acclamations of
applause.

'CRYSTAL PALACE POULTRY SITOW.—The grand sum.
mer exhibition of poultry, pigeons, and rabbits, opened
on Saturday, and, despite the depressing influence of a
clouded atmosphere, attracted a large number of ♦isitors
to Sydenham. The show was in the highest degree
gratifying, every class being well represented.

HEAVY STORM OF WIND AND RAIN.—SERIOIIS DE-
STRUCTION OE LIFE AND PROPERTY.—On Saturday
accounts at Lloyd's, from the Yorkshire and neigh-
bouring coasts, reports a serious loss of property from
a heavy N.B. wind, which set in on Tnursday even-
ing, and continued. It wag accompanied by heavy
torrents of rain, and some districts were inundated.
At Scarborough there was quite a panic, and
many of the residents had to .turn out in the dead
of the night, to cle.,r out the lower part of their houses,
which were flooded. The heavy wind caused the sea to
break over in huge rollers, and the railway station,
esplanade, and merchant room suffered. The Scouby
mills were destroyed by the flood ; and itisreporatnedd
thatt there is lose of life. At Filey, Bridlington,
Sunderland it blew a perfect gale on Friday morning, and
several casealties are reported at sea. The Nautilus,
from Shields for Lynn, foundered off Whitby.
We are glad to learn that Mr. bl‘Liregor Laird,
chairman of the African Steam Navigation Company,
has most handsomely offered to the Cotton Supply Asso-
ciation to convey up the Niger, free of charge, 100 or
200 gins and a press, the transit of which would other-
wise cost some 3001. If we are asked what good can
this association effect, we would point to this very
liberal offer of Mr. Laird's as an indication not without
significance.—Manchester Guardian.
USES or CHLOROFORM.—A popular newspaper para-
graph states that a few drops of chloroform " taken in-
wardly " form a cure!forsea-sickneses. We find the same
remedy very succes-ful in hooping-cough. It also arrests
the cough of consumption, We have heard of a case of
tetanus in which lockjaw was cured by administering
chloroform to the spinal marrow. It seems to act as a
powerful sedative for the nerves. In sea-sickness it
seems to do that which nothing else has been found to
effect, to produce internal warmth. It may be observed
that all persons sea-sick are chill-cold and low.
SUICIDE OF A CITY MERCHANT.—Oa Saturday Mr
James Davis, a City merchant, put a period to his exis-
tence, at his private residence, 4, Upper Ranelagh-street,
Belgrave-square. It appears tha, in c,nsequence of some
heavy losses, said to exceed 100,000/., within the last
month, arising from the failure of a large commercial
kesat,housee,iateeihnfd.swNt
from
treoou
Griffiths,
suspendedvl York, he had been very desponding. On
Saturday morning Mre. Davis found him absent from his
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