The Sun.
London, England, 1857-08-26 00:00:00

SUBMARINE TELEGRAPH COMPANY

MEETING THIS DAY.

The half-yearly meeting of this company was adver-
tised to be held this morning at the London Tavern,
Bishopsgate-street, but, in consequence of its being
settling day, a sufficient number of shareholders did Lot
attend to form a meeting, and it was adjourned till the
10th of September. The meeting must be formed then,
or a dividend cannot be declared on the 12th in accord-
ance with the terms of the charter.

WEST LONDON RAILWAY.

(MEETING THIS DAY.)

The half-yearly meeting of the shareholders in this
company was held this morning at the London Tavern,
Bishopagate-street. Mr. S. Bird, chairman of the board
of directors, in the chair.
The report stated that at the last meeting, in
March, a resolution was pas_ed authorising a divi-
dend of 21. per share on the first-class preferred
shareholders, which absorbed a sum of 6,4001.,
leaving a balance which admitted of a dividend
of 1/. per share on the above shares, and that the direct-
ors recommended to the meeting. The directors were
unable (in consequence of the bills of costs of the soli-
citors of the company not having yet been delivered) to
state what amount may have to be refunded by the Lon-
don and North-Western Rail say Company on account
of costs. The directors reported a trifling increase in
the amount of the tolls on the Kensington Canal over
the previous half-year's traffic.
The report was ultimately agreed to.

SOUTHAMPTON DOCK COMPANY.

MEETING THIS DAY.

The half-yearly meeting of the shareholders in this
company was held this morning, at the company's
offices, Bishopsgate.street—Col. Pratt Barlow in the
chair.

Toe accounts submitted to the proprietors showed a
net revenue, after payment of interest on the debenture
debt, and of all the working expenses, for the half-year
ended June, 30, 1857, amounting to 6,6801. 183. 3J., to
which was to be added a surplus carried over from last
year of 1,1601. 83. 7d., making an available balance of
7,8411. 63. 101. The report was adopted, and a divi-
dend at the rate of 4 per cent. per annum was declared,
leaving a surplus to be carried to the credit of the next
half-year of 6261. 163. 10J.

THE OTTOMAN BANK.

MEETING THIS DAY.

At a meeting of the shareholders of the Ottoman Bank,
held to-day, the following report was presented :
L 0 The annual general meeting of the company is fixed
by the Charter of Incorporation for the month of March
in each year. The present, therefore, is an extraordinary
meeting, convened for the purpose of receiving a report
upon the affairs of the bank up to the 30th June
last, and of authorising the distribution, by way of in-
terest, of a portion of the profits realised up to that date.
The directors have much satisfaction in announcing
the continued prosperity of the bank. The disorganised
condition of finance generally in Turkey has rendered
it inexpedient in their opinion to enter upon any exten-
sive exchange operations during the last six months.
A source, iu ordinary times, of considerable profit has
thus, from prudential considerations, remained tempo-
rarily unproductive ; but circumstances have satitfieel
the directors of the propriety of the caution which
they have exercised in this respect. On the other hand
the local business of the Asiatic branches has increased
wad c,,ntinuoo 6. i..th h
and the future prospects are of a satisfactory character.
The accounts to the 20th June show a net amount to
the credit of profit and los., after making provision for
bad and d )übtful debts, of 30,029/. 6s. 6d. Out of this
sum the directors recommend at present a distribution
of 12,. per share, by way of interest (being at the rate of
8 per cent. per annum), leaving a balance of 15,0291. Gs.
6d. to be carried forward. They desire at the same time
to intimate their intention of proposing, at the general
meeting in March next, that a sum should be net apart
out of the then existing balance at the credit of profit
and loss, as a roserve fund ; and that such sum should
be augmented from time so time from the profits of the
company (by an amount not exceeding 2 per cent. on the
capital of the bank ih any one year) until it reach 50,0001.
The directors do not doubt the cordial concurrence of
the shareholders in a measure which has for its object to
provide against unforseen contingencies, as well as to
form, as far as possible, a guarantee for the continuity of
a steady dividend, leaving any profits in excess of the
same to be dealt with at the end of each year by way of
bonus. It is further their intention to propose on the
same (occasion, that the preliminary expenses, now
standing at 6,0001., shall be written off at the rate of
2,0001. per annum. The shareholders have been already
informed that the increasing business would render ne-
cessary the payment of the uncalled capital of the bank;
the directors have accordingly issued notices for the pay-
ment of the remaining 51, per share on the 14th Sept.
next.

The chair was taken by Mr. Layard, and the report,
after some discussion, was adopted.

MAUK-gT NEWS.—(This Day.)

CORN EXCHANGE.

The supply of English wheat received fresh up to-day
was limited, but we had a large number of Monday's un-
sold samples on offer, chiefly in flue condition. The trade
was in a depressed state at Monday's decline in value, and
a clearance was not effected.
There was rather a large show of most kinds of foreign
wheat, in which only a limited business was transacted, at
barely stationary prices.
Floating cargoes of grain met a dull enquiry.
Fur barley thole was very little enquiry, yet no change
took place in its value.
Malt sold slowly at barely late rates.
Oats, beans, and peas, were firm at full quotations.
Flour moved off heavily.
ARRIVALS TIIIS WEER.

Wheat. Barley. ' Malt. Oats. Flour.
I
2,260 70 1,210 700 92)
50 I ---

E aglish
Irish

250 brls
1,320 ski

Foreign

3,010

BOROUGH HOP.
A few parcels of new hops are on sale here, at from 81. to
81.8 s. per cwt. The plantation accounts are not considered
favourable, yet the duty has been done at 160,000',