The Sun.
London, England, 1850-07-05 00:00:00

NO,
18,028.]
LONDON FRIDAY
.
JULY 5 1850.
• k

NATIONAL LOAN FUND LIFE ASSU,
RANCE SOCIETY.

_
26, Cornhill, London.
Capital £500,000.
Empowered by Act of Parliament.
This Institution embraces important and substantial advantages
with respect to Life Assurances and Deferred Annuties.

Policies issued by this Society have a L-,vofold advantage :—provi-
sion for the family of the Assured, and a:, augmenting pecuniary
available resource to himself, if ne,itul, whilel iving. The Assured
has, on all occasions, the power to borrow, without expense, or for-
ttiture of the Policy, two-thirds of the Premiums paid.

DIVISION OF PROFITS.
The continued prosperity of the Society has e
at the Annual Meeting, 110 I on the Bth of ;Ma
4!xth bonus, varying from 27 to 65 per cent. o]
on each Policy effected on the profit scale.

nabled the Directors
iy,1850,t0 declare a
n the Premiums paid

EXAMPLES.

'

Annual Policy
Pre- taken
out In

Bonus ii
additioz
to Sum
Assured.

X s. 4.
1837 :292 6 9
1834 267 11 4
1839 241 18 6
1810 :193 12 6
1841 189 12 6
1842 162 16 8
1843 115 10 10
1844 77 19 21
1845 66 15 01

X X s.d.
50 11000174 3

DEFERRED Als

nonas in
Cash.

£ s d
139 16 9
126 17 2
113 17 7
93 16 8
89 5 10
76 18 4
55 10 10
38 15 10
44 10 0

"NUITIES,

Perma- tke
sent Re- A -• -1
4uction of may bor-
Annual row on
Premium. Policy.

£ g. d.l 2. d.
22 13 1642 15 6
19 19 7 593 6 8
17 18 8 543 17 9
14 0 1094 8 10
13 8 11445 0 0
11 8 3395 11 1
S 1 10,346 2 3
5 9 11 296 13 4
4 10 1247 4 5

By the operation of the same principles, the Society is enabled to
Afford to the public a plan of Deferred Annuities far more advanta-
cous than any hitherto offered, whereby an individual, by the con-
Libation of a very small annual, monthly, or weekly saving, may se-
lure either a comfortable provision for himself in advanced age, or,
at his option, a large sum of money, or a policy to his family at his
death ; while by giving to the purchaser, at any time, the power of
borrowing two-thirds of all previous payments, it removes all risk
of forfeiture from inability to continue premiums, besides affording
an ample resource during sickness and want of employment ; and
should the purchaser die before arriving at the stipulated period, two-
thirds of his payments will be returned to his representatives.
The following Table is a specimen of the great and varied advan-
tages which the judicious application of a small saving caa secure
through this Society.

I. BENEFITS

11. PREMIUMS
To secure
on attain- Annuity 10 11 0
ing the age Cash • . 82 10 0
of 65, the Policy.. 97 8 6
option of

secured on attaining the age of
65, by an Annual Premium of
2/. 12s.

ie i , '..... I —,
i e 3 o Payable I Payable I Payable
'i'4
.:Annaity. Cash. Policy. I ° 2 Annu- is one for Die-
,l's ei,
be 2- ally. sum. !parity.
---7.£ s. d£ s (11£ s. d. 1.. e s. d..£ s. d. '£ s. d.
20 i 47 16 6 394 11 0;466 0 0 20 ,01011 10 010 0 0 0
30 126 15 1( 221 0 0'261 0 0 30 019 616 7 1 7 311
40 !13 19 5 115 11 0;136 6 0 40 117 327 311 19 410

Immediate Annuities are also granted by the Society oa liberal
terms, as will be seen by the following extracts from the Tables,
showing the annual amount of annuity upori every 1001. deposited
tge 50, £7 Bs. I Age 60, £9 14s. 3d. Age 70, £l4 2s. 2d.
The Annual Report, with Tables of Rates, &c.. may be had at the
Office, or any of its Branches in the Country; or, on application, wil'
forwarded post free.

W. S. B. WOOLHOUSE, Actuary

UNITED KINGDOM LIFE ASSURANCE
COMPANY.
Established by Act of I'arliament in 1834.
8, Waterloo-place, Pall-mall, London ; 97, George-street, Edinburgh;
12, St. Vincent-place, Glasgow ; 4, College-green, Dublin.
LONDON BOARD.
rHARLES GRAHAM, Esq., Chairman.
CHARLES DOWNES, Esq., Deputy Chairman.
Ft. Blair Avarne, Esq. I F. Chas. Maitland, Esq.
E. L. Boyd, Esq., Resident. William Renton, Esq.
D. Q. Henriques, Esq. F. 11. Thomson, Esq.
J. G. Henriques, Esq. Thomas Thorhy, Esq.
SECOND SEPTENNIAL DIVISION OF PROFITS AMONG THE
ASSURED.
The bonus added to policies from March, 1834,
Decemlier, 1817, is as follows:

o the 31st of

Sum
Time Assured. Sum addedte Sumaddedto Sum payable
Assured. Policy inlB4l Policyin 1848 at Death.
,
£5OOO 13 years 10 mths'.£6B3 6 S X 787 10 0 £6470 16 8
5000 12 years 500 0 0 787 10 0 6287 10 0
5000 10 years 300 0 0 787 10 0 6087 10 0
5000 8 years 100 0 0 787 10 0 4587 10 0
4000 6 years .. .. 675 0 0 5675 0 0
5000 4 years .. .. 450 0 0 5450 0 0
5000 2 years .. .. 225 0 0 5225 0 0

PUBLICATIONS.

TO TOURISTS.---:BLACK'S GUIDE BOOKS
AND TRAVELLING MAPS. New Editlons.

" They should find a corner in the portmanteau of every person
about to undertake a journey of pleasure or business, either in Eng-
land and Wales, or Scotland."—John Bull.
" The most valuable series of picturesque Guide-books issued by
➢fessrs. Black of Edinburgh. We have looked careful), throu4h the
volumes ; they are admirably got up ;' the descriptions are ac-
curate, and remarkably clear and corm rehensive. Altogether the
series of works is of immense value to tourists."—Art Union.
A. and C. Black, Edinburgh; and sold by all Booksellers.

T 0 TOURISTS.-BLACK'S PICTURESQUE
TOURIST, and ROAD and RAILWAY GUIDE through
E GLAND and WALES, containing 194 Routes, and 26 elaborately
cons ru, ted Maps and Charts, besides Views of the Scen,ry. The
Index conta ns upwards of 5,000 names, and embraces a list of the
Inns in al! the towns and v Pages. The volume is tersely written,
closely printed, and portable.
"48 new routes, 12 engraved charts and upwards of 100 p^ges of
letter-press have been added to what in its old •n state was the
cheapest, the best, and the handsomest book of its kind."—SpectAtor.
" A decided Improvement upon the old Road•ito,k."—Jahn Bull.
A. and C. Black, Edinburgh; and s,)7d by all Booksellers.

To TOURISTS -BL ACID'S PICTURESQUE
_ TOURIST OF SCOTLAND.

Eighth Edition, corrected and improved,
Containing an accurate Travelling Map; 25 Engraved Charts of
Roads, Railro,ds, and Interesting. Localities (including Plans of
Edinburgh and Glasgow) ; numerous Views of the Scenery, on wood
and steel, aid a copious Itinerary. In a handsome portable volume,
price Bs. 6d.

" A comprehensive, intelligent, and well-arranged Guide Book.
We have been furnished with an incidental proof of the remarliqble
accuracy of the Charts and Descriptions, in the personal testimony
of a pedestrian, who has traversed a considerable space, book in
hand."—Spectator.

A. and C. Black, Edinburgh ; and sold by all Booksellers

TO TOURISTS.-BLACK'S PICTURESQUE
GUIDE TO THE ENGLISH LAKES.
Fourth Edition, Enlarged and Improved,
Including an Essay on the Geology of the District, by JOHN PHIL-
LIPS, F.R.S.,G L., late Professor of Geology and Mineralogy in the
University of Dublin. With a minutely accurate Map, by W.
HUGEES Charts of the Lakes, by SIDNEY HALL ; Views Qt the
Scenery, by various distinguished Artists ; and an ample Itinerary
of all the Routes, with the Distances accurately laid dawn. In a
neat portable volume, price ss.
"It is a Picturesque Guide in every sense—its descriptions are
charmingly written—its intelligence is ample and minute—and its
illustrations are admirable specimens of art."—Atlas.
A. & C. Black, Edinburgh ; and sold by all Booksellers.

THE EDINBURGH REVIEW
No. CLXXXV.,
Will be published on Wednesday, July 10.
CONTENTS:-
1. Quetelet on Probabilities.
2. Merivale's History of Rome under the Empire.
3. Church and State Education.
4. Merimee's History of Pedro the Cruel.
5. Blackie's iEs,Thylus.
G. Gcthe's Festival.
7. Guizot on the English Revolution.
8. The African Squadron.
9. The Gorham Controversy.
London : Longman, and Co. Edinburgh :A. and C. Black.

TIIE NOVEL OF THE SEASON.
Will be published on the 16th July, in 3 vols., •
THE GOLD WORSHIPPERS
By the Author of " Whitefrlari," &c., &c.

Parry and Co., 32 and 33 Leadenhall- street.
To be had at Upwards of 3,000 Circulating L braries.

This day, the Second Editon, with numerous Illustrations, 2.. 61., of
SEFUL ARTS EMPLOYED in the
PRODUCTION of FOOD.
Uniformly with the above, with numerous Illustrations, 28. 61.,
USEFUL ARTS EMPLOYED in the PRODUCTION ofCLOfH-
INC.
USEFUL ARTS EMPLOYED in the CONSTRUCTION of
D WELLING .HOUSES. _

SALE of LAND in the CANTERBURY
SETTLEMENT.
The Registry of the First Series of Application for Land in the
Canterbury Settlement having been closed, Applications for a Second
Series on the same terms will be received until 29th August next,
when the Registry for the Second Series will be closed, and
the priority of choice determined by opening the Letters of Adminis-
tration.

By order of the Committee of Management of the
Canterbury Association,

IL F. ALSTON, Secretary.

20, Cockspur-street.

IFAVIES'S CANDLES, 41d. and sd. per lb.;
wax-wick moulds, ed. ; composite, 7%e1., 9d., and 9%d. ;
Botanic wax candles, Is.; German wax, Is. 2d.; fine wax, Is. sd. ;
transparent wax, Is. 10d. and 2s Od. ; best wax, 29. 3d.; sperm can-
dles, is 101. and 23. Od. ; metallic, 7d. and Bd. ; mottled soap 565.;
and 60s per 112 lbs. ; yel ew, 445., 505., and 565. ; Windsor soap,
Is. 4d. per packet ; brown Windsor, is 9d. ; rose, 2s. ; almond,
.3s. 6d.; soerm oil, 7s. 6d. per gallon ; solar, 3s. 3d. ; argand, 4s 6d. ;
sealing wax, 4s. 6d. per lb., for cash, at DAVIEA'S old established
warehouse, 63, St. Martin's-lane, opposite Westminster County
Court (late New Slaughter's Coffee-house).

ROYAL ACADEMY OF ARTS,
TRAFALGAR-SQUARE.
The EXHIBITION of the ROYAL ACADENIY is NOW OPEN.
Admission (from Eight o'clock till. Seviu), One Shilling.
Catalogue, One Shilling.
JOHN PRESCOTT KNIGHT, R.A., Sec.

ItOYAL POLYTECHNIC INSTITUTION
During this week the ALPINE SINGERS from Styria will
perform several of their National Melodies, daily at Four, and in the
Evenings at Half-past Eight.—Lecture by J. 11. Pepper, Esq., on the
apparent Contradictions of Chemistry.daily at a Quarter-p ,st Three,
and every Evening at Eight —Lecture by Dr. Bachhoffner on Voltaic
Electricity, daily at Two, and every evening at a Quarter past
Nine.—New Series of Dissolving Views illustrating some of the Won-
ders of Nature ; also a Series, exhibiting Scenes in the Arctic Regions
and Ceylon.—Diver and Diving-bell, &c., &c.
Admission, Is.—Schools, Half-price.

ARGYLL SUBSCRIPTION ROOMS, Great
Windmill-street, St. James's.
Musical Director and Conductor, M. LAURENT, jun.
This ACADEMY, for Tuition and Practice of Dancing , is NOW
OPEN for the SUMMER SEASON. Teaching by Professors, Daily.
For Terms of Private Tuition apply at the office.—Terms for
Evening Practice:—Six months, 5/. 55.; one month, 11. Is.; one
evening, Is.
The Subscribers are respectfully informed that the doors will open
at Half-past Eight, Dancing to commence at Nine o'clock, and the
Band will net leave the Orchestra till Half-past Eleven.

CREMORNE GARDENS.
On the Banks of the Thames at Chelsea.
Open Daily at Three o'clock.
ADYISSION, ONE SHILLING.
Sundays at Half-past Four. No charge for admission except by
Refreshment Card --Sixpence.
Director, Mr. T. B. Simpson, Albion, Great Russell-street, Co-
vent garden.
Numerous Entertainments in the Afternoon, including Madame
Antonio on the Dwarf Tight-rope.
In the Evening the Ball' by the Deulins.—The wonderful perform-
ances of the Dogs and Monkeys.—Dancing to Borini's Band of 50 in-
strumentalists.—The whole concluding with Madame Antonio's ter-
rific ascent on the Giant rope in storms of Fireworks, by Mortram.
In preparation, a Scottish Fete, with the whole of the Sports of
Rolland Park.
A Balloon Ascent, and a new grand Pyrotechnic Display.
Table Xllote on Sundays at Six o'clock—halt-a-Crown.
N.B. The Mammoth Sycamore, the Largest Tree in the World,
on the River Esplinaile.
Cremorne can be reached by road or river for 3d.

EYEBROWS MUSTACHIOS, and WHISKERS produced in a
few weeks:and Baldness removed and prevented, by the use of
G
RIM S TONE'S AROMATIC
REGENERATOR.
Ii you are in want •f that beautiful adornment of the human
figure, a natural supply of human hair, obtain through the post, or
of any wholesale or retail chemist or druggist, or perfumer, an
11
bottle of Grimstone's Aromatic Regenerator. This is an essential
spirit, drawn from aromatic herbs and flowers (grown at his Her-
bary, Highgate), which has been long known to the nobility and
gentry, by whom it is highly appreciated for its manifold virtues, too
numerous to be set forth in an advertisement, but may be read in his
pamphlet, in which the bottles are ei:closed.
Each pamphlet has the signature of William Grimstone, Merchant,
Herbary, Highgate, and will be found at page 11, under the copy of
Mrs. Weekly's Letter to the Editor of the "Times" newspaper, 7th
of August, 1846.
This pamphlet is forwarded through the post, on receiving two
postage stamps.
The Aromatic Regenerator can be forwarded through the post on
receiving a post-office order for 4s. 6d., 7s. Bd., or Us., which in-
cludes the postage with the case.

Tho 11s:size contains four of the 4s.
A few of its many virtues, as thousands can prove, are published
in the pamphlet enclosed with each bottle.

Reader, reflect for a few minutes, and if you are 40 years of age
you will remember the thousands of blind you meet with in your
walks, others with various coloured eye-shades ; indeed, such was
the demand for eye-shades, that it was a business. What has re-
moved those sightless beings, and given place to a straightforward,
clear-sighted people (the climate Is the same) ? I'll tell you the cause
—the universal use of Grimstone's Eye Snuff ! and because it cured
Ophthalmia, Gutta Serena, Oatar .et, Nervous Headach, and Deaf-
ness, the Lords of the Treasury directed it to be denominated a medi-
cine, and to be stamped. Although this advanced its character, 67
cases of cure being proved by the informers, still it was an act of
oppression ; as in 1825 the Solicitor of Stamps, Godfrey Sykes, Esq.,
altered the label, and sanctioned its sale under order of the Lords of
the Treasury; the letter of protecticn, signed by Herries, I sq., to
Mr. William Grimstone, bearing.dice 18th February, 1525. This was
on account of its curative qualities, being sold at that time in canis-
ters,aEndl other tTeFsti'i
within the reach of every poor family. But under this order of
Government it is obliged to be stamped.
osonlidalsin,
ucanidliesrtetrhse,
inclosed
&c. The
itlhmeoufogllhotwheinpgost, 13.8 d., 3s. 6d., and
letter is one out of tha p
Government order, at Is. lid., 2s. 9d., and 4s. 6d. each. The
GRI MSTONaEm'SphrtDoflnlCAedTicEall)
e
many thousand proofs.
Read the following Medical Testimony to the cure of five cases
ss. PamphletsBd., clstrodl idn ga t plods. t ae ga ec h,
Se.
of Gutta Serena, from G. H. Boutell, Professor of Galvanism :
" Soutbsea, near Portsmouth, Hants, sth Nov., 1848.
" Ma. W. GRIMSTONE.—Sir—I must in justice to you send the fol-
lowing Testimonial with regard to the extraordinary efficacy of your
Eye Snuff in cases of Gutta Serena. I have used it in five cases with
the most astonishing benefit and cure. Sir, you may advertise this !
or make what use you please. The cures have wholly astonished
me and thousands of others.— 1. am, Sir, &c.,
G. 11. BOUTELL, Professor of Galvanism."
All letters to Mr. William Grimstone, Herbary, Highgate, near
London, at which establishment he continues to manufacture his
far-tamed HERB TOIIACCO, so much esteemed in all foreign parts.
The following letter, in testimony of its delightful qualities, is from
the author of tke " Pleasures of Home :7.7

" Springfield Ccttage, Honiton, Devon, 15th August, 1848.
" cannot deny myself the pleasure of stating how highly I
esteem your Herb Tobacco. I Dave now found in it a substitute for
the choice leaf, hitherto obtained by me from a friend in Constanti-
nople. lam sure that lovers of mild, fragrant Tobacco would find
yours a great
.s.nd acceptable gift, at a very reasonable price.
"I am your obedient servant,
" STUART FARQUIIARSON, D.C.L.
" To Mr. William Grimstone, Herbary, Highgate."
This extensively-famed Tobacco is sold by all chemists and drug-
,ilsts, and others, with W. Grimstone's signature attached, at 7M.,
Is. I !id. 28. 9d., and 4s. 6d. each, including the Government stamp.

- - [ADVERTISEMENT.,—THE POUR REQUISITES FOR A
CoxiroirrAnm: SHavEl— Firstly, a good Razor---t'econdly, a
good Strop—Thirdlv, good Soap—Fctirthly, a good Shaving-
brush. And these are to be obtained, of the best quality,
and newest construction, of Ross and Sons, who can strongly
recommend their triple converted railway razor; their rail-
way strop, with hone attached; their pearl shaving-paste,
beautifully scented and making a durable lather; and their
medium badgers' hair shaving-b,ush. They also recommend
travellers to inspect their Russian dressing-case, which contains
the largest number of conveniencesin the smallest space.—Ad-
dram, Ron And Sons, 119 and 120,Bishopsgata *tree, London.

RAILWAY INTELLIGENCE.
SO UT H-E ASTERN.
A special meeting of this company was held yes-
terday at the Bridge-home Hotel, London-bridge,
for the purpose of authorizing the directors to borrow
money on mortgage ; Mr. J. Macgregor in the chair.
The CHAIRMAN said, they had succeeded, after cm)
siderable opposition, in carrying a Bill through Par-
liament which would have the effect of enabling the
company to place its large and valuable property on a
firm and final basis.— (Hear, hear) He said ad-
visedly permanent—because the amount of funds—
namely, 1,200,0001., which the Bill secures to the
company, will have the effect of enabling it to com-
plete the works, to fulfil its engagements, and close
the capital account.—(liear, hear.) With reference
to the opposition with which the Bill was assailed in
the Hulse f Lords, he was too desirous of peace,
and he saw in the interests of the company too
absolute a necessity for union and hearty accord,
to comment upon that opposition with any feelings
of acrimony. He then referred to the opposition of
Mr. Swift (a shareholder) to the Bill to discontinue
the payment of interest cut of capital on the Nos. 3
and 4 shares. In addition to his own opposition he
united the aid of the Railway Commissioners, which
had the effect of putting the company to a consider-
able expense, besides involving the loss of the Bill.
lie mentioned this matter with a view to deprecate
those dissensions which have hitherto marred the
prosperity of the company, and which so long as they
continued must depreciate the common interest.—
(Cheers.) The Bill having been lost, the company
failed in obtaining any legislative authority or sanc-
tion for determining their proceedings as regards the
payment of interest out of capital. The capital out
of which that payment has been made has become ex-
haueted. The inexpediency of paying interest out of
capital becomes merged in the greater physical im-
possibility of continuing to pay out of that which has
ceased to exist.---(Hear, hear.) Under these cir-
cumstances, and owing to the oposition referred to,
the company, in common with the board, is placed
in a most undesirable position. Under the altered
circumstances the directors have taken the advice
of counsel, and the following opinion was obtained :
" We think, under the particular circumstances of
this company, as the Nos. 3 and 4 capitals are now ex-
hassted, and no further payment of interest can, in our
opinion, be legally made out of that or any other capital,
it will be fair and equitable, and the most advisable
course for the general body of shareholders, to admit
the Nos. 3 and 4 shareholders to an immediate partici-
pation of dividends, including the current hall-year's
dividend without waiting for the completion of the lines
for which those capitals were created. We think resolu-
tions for that purpose may with propriety be submitted
to a general tneeting specially convened; and we doubt
not that the shareholders in general will see the justice
and expediency of adopting such resolutions so as to
authorise the directors to meet in this way the reason-
able expectations of the holders of Nos. 3 and 4 shares.
—(Signed) FITZROY KELLY, ROUNDELL PALMER, C.
HOGGINS, HENRY ALWORTH MEREWETHER."

He regretted that that opinion was entirely adverse
to the intention the directors had entertained and ex-
pressed in anticipation of the passing of the Bill. The
board, while acceding to its conclusive view as to the
non, payment of the interest, which it does most reluc-
tantly, are fully prepared to carry out, with the ap-
proval of the shareholders, the suggestion with regard
to the fair and equitable substitution to the Nos. 3 and
4 shareholders for their present position. The sub-
ject would be entertained at another special meeting,
and every shareholder would have an ample opportu-
nity of stating his views either at a special meeting
called for the purpose before the ordinary meeting,
or at that meeting being made special for the purpose.
After some further observations with regard to the
necessity of unanimity among the shareholders, he
concluded by moving a resolution to the effect that,
" the directors be authorised to borrow upon the
mortgages of the undertaking a further sum of money
not exceeding in the whole the sum of 1,000,000/., at
'such rate of interest as they shall think expedient."
Mr. HEWETT DAVIS said, that he perceived by the
morning papers that the promoters of the Dover and
Deal line had brought an action against the chairman
for 8,8001., being the amount of the expenses incurred
by them in promoting a Bill in Parliament, and he
wished to know whether the shareholders were going
to pay it. He would advise them to have nothing to
do with it, and he did not think it prudent to continue
the chairman in office. He objected to the principle
of authorizing the directors to raise 1,200,000/. with-
out having a detailed statement of the mode in wh:ch
it was intended to be applied. He complained that
there was no share account to show what number of
shares were isitied, and that the price of the shares
was only 131. 154., the dividend paying 7 per cent.
on that price, while the London and North-Western
were 109, paying less than 5 per cent. to the pur-
chaser. Ile believed the resson was that the public
had no confidence in the accounts or management of
the South-Ea.tern Compiny, and that they had full
confidence in those of the London and North-Western.

[le concluded by moving; an amendment, to the effect
,hat the shareholders had no confidence in the di-

rectors, and that they decline authorising them to
raise any money on mortgage at present.
Mr. G. SAILTH said it was painful to him to state
improperpreven t
their ht arecyrenamlsri doiyn
had
us
kac;os
dwani
that he had seen nothing since he became a shareholder
but that which tended to destroy his confidence in the
board of directors. He purchased his shares for 201.
each, and the price now in the market was 141. each.
They had fallen in value 61. per share during the short
time he had been a shareholder, and he thought it
showed that the public had no confidence in the rail-
way. He had a country residence on the line, and he
believed if it were properly managed it would be equal
to some of the best in the country. He was glad that
the Bill for limiting the ply men t of interest on the Nos.
3 and 4 shares was thrown out of Parliament, be-
cause he thought whatever engagements a company
entered into with individuals they were bound in
honour and justice to fulfil them. He complained of
bad management on the line, and as an instance, men-
tioned that a gentleman and his family, who purchased
first-class tickets for an excursion train, were charged
full fares for three little children. That was very
bnl eecl
inugarakt
lately
e ,ha theiluteytehenwemdfl
unfortunately
altered
mostnotrter
un.
thatni dnaHgi
ttps
traingerl
yeouafis
and
startedtfdoba believed
urb tlgilet3orhetfeoatpsthttu eanhbreulstarting
cre IParlia-
mentary
regularlyel
companynntrdo-s
travelledal 3t
hta
enyd seven r
ecEot
bov'
half-pest six o'clock, and the consequence was that
great numbers were disappointed. He had seen fifty
persons one morning at the station expressing their
indignation and disappointment at the alteration. He
concluded by seconding the arm ndment.
Mr. GILBARTSON complained of the manner in
which some classes of shareholders had been treated by
the directors, and the loss they had sustained in conse-
quence of their not knowing what measures the direc-
tors had in contemplation. He would oppose the rais-
ing of the money, because he had no confidence in
the directors appropriating the money in a proper
manner. It appeared to him from the accounts that
the money of the company had been appropriated to
purposes for which it was never intended. They had
not a proper debtor and creditor account to show
how their affairs stood— (Hear, hear)—they were
quite in the dark as to the actual position of their uf-
lairs. He contended that the shareholders ought to
have every information with regard to the disposal of
the property.
The CHAIRMAN said he would call a special meet-
ing to give the proprietors an opportunity to discuss
the question of allowing the Nes. 3 and 4 share•
holders to participate in the general dividend, or the
next half-yearly meeting would be made special for
that purpose if they preferred it. With regard to
the accounts, three auditors had been appointed at the
last meeting, and he bad no doubt they would present
them with ample accounts in future. As to the
Dover and Deal line, it was promoted in 1846, and at
that time there was a rival line projected by the
North Kent Company, in consequence of which the
directors were favourable to the Dover and Deal
scheme, but the promoters of it never completed
their terms with the South-Eastern Company,
and therefore, in the action alluded to by Mr.
Davis, a bill of exceptions had been tendered,
and it was not probable that the promoters would
recover one shilling of the alleged costs and
expenses. The Ashford and Hastings line would be
opened before the ordinary meeting in September,
and there would be no delay to the payment of the
dividend. The capital of the No. 3 and No. 4 than s
constituted one-half the capital of the company, and
the holders hid sufficient power to obtain justice for
at hoedm2s eslhv ei•rs
shares readysur e the
to hmoladkeers
aurfratnhgeeteso.tla
with them. a I:ed-o uhledb wase

Mr. J. WILSON said, it was essential for the share•
holders to know what was intended to he done vv;.th
the 1,200,000/. proposed to be raised. He thought it
was a most outrageous draught upon the good nature
of the fhareholrlers without giving any statement as
to the intended application of the money. They
would recollect at the last meeting that the Chairman
had told him that if he (Mr. Wilson) doubted what
he stated in reference to certain matters, he (Mr.
Wilson) would have an opportunity of examining
him on oath when the Bill was before the House cf
Lords ; but, when he appeared before the Commiitl e
of the Lords for that purpose, one of the counsel f r
the company contended .that Mr. Wilson had no

► power to do so, and the Committee decided that
he could not be heard. He whiled for an ex-
planation of the evidence given before the Lord
Chancellor with respect to the making of the new
lines, because it was at variance with the evidence
given on oath before the Committee of the Lords. In
one case it was stated that they had money to finish
the line, and in the other that unless Parliament gave
,hem power to raise money it was impossible for them
to finish the line. He could tell them that 100,000/.
of their funds were now locked up in the purchase of
the company's shares at from 25/. to 301. per share,
and it. would he a question some day as to who would
have to pay the loss. He did not think they had a
right to place confidence in the board. He contended
that the board was illegally constituted, because they
had dismissed from the board a qualified director
against his will, and therefore he considered that their
acts were illegal.—(Great disapprobation.)
After entering into matters of a personal nature
with respect to the chairman and other parties, the
Hon. Gentleman was stopped by cries of " Question"
and " Order."
The CHAIRMAN said he would not check Mr. Wil-
son w bile he was making those improper charges
against him ; he would leave the shareholders to
judge.—(Great Ppplame.)
Mr. SCOTT objected to the course adopted by Mr.
Wilson.

Mr. HOYES remarked that no one had a right to
cast any doubt on the solidity of the company. It
was a most improper and unwise course for the share-
holders to pursue. Their great object was to meet
their liabilities, complete the works, and close the
capital account.
A discussion then ensued, in the course of which it
was stated that 500,000/. of the 1,000,0001. proposed
to be borrowed would go to pay off existing deben-
tures.

Mr. Ben Low stated, that his estimates with re-
ference to the works were 500,0001. below the original
estimates, and there was no reason to expect that
they would be exceeded.
The CHAIRMAN explained that at the last meeting
it vs as decided to reduce the number of the directors
to nine, and that the board was legally constituted
according to the Act of Parliament. With regard to
the estimated cost of the undertaking, and the amount
of capital that would be required, they had been fully
stated at the last meeting. The bond debt of the
company now amounted to 1,176,0001., and the effect
of their financial arrangements would be to add
370,0001. to that sum.

I'he amendment was then put and lost.
Mr. WILSON proposed another amendment, to the
effect, that the meeting be adjourned until the direc-
tors shall have ascertained and reported upon the
amount requisite to complete the works and to pay
the bond debt now falling due.
The amendment was put and negatived by a large
majority.
The resolution authorising the directors to borrow
1,000,000/. was then carried by a large marjority,
only four appearing against it.
The proceedings concluded with a vote of thanks
to the chairman and directors.