The Sun.
London, England, 1850-01-30 00:00:00

LONDON AND GREENWICH.

The annual meeting of the proprietors in the
company took place yesterday, at the company's
offices, Coleman-street ; Williatn Shadbolt, Eq., in
the chair.

Mr. ADION, the secretary, read the financial
statement, from which it appbared that the receipts
had been 20,2231. 123. 7d., and the disbursements
11,9841. 18s. Bd., leaving a balance available for divi-
dend of 8,2381. 13s. 11d.

Resolutions were then passed for the printing and
circulation of the accounts, and for the payment of a
dividend of 3s. 9d. on the unprivileged or old shares.
Mr. Thomas Corney and Mr. Shadbolt were then
re-elected directors.

The CHAIRMAN said he had much regret in an-
nouncing that since they had last met they bad been
deprived of their old and esteemed friend Mr. Mau-
bert ; and the board had recommended in his place
Mr. William Hitchens ; but just as that gentleman
was coming amongst them he also died suddenly,
which must be a matter of the deepest regret to them.
The gentleman now proposed by the directors to fill
the vacancy was Mr. J. Filcher, who was a very large
shareholder.

Mr. Pitcher was accordingly elected director.
Some conversation then ensued on the point of re-
ducing the interest on the bonds, which the Chairman
assured the meeting had never been lost sight of by
the director,.
After a vote of thanks to the Chairman and directors
the meeting separated.

STATE OF TRADE
(From the Manchester Guardian of this day.)
MANCHESTER, TUESDAY, JAN. 29. We have
had a quiet day in every department of busi-
ness; the transactions have been on a smaller scale
than even those of last Tuesday ; and the ex-
treme quotations to which the prevalent excitement
then gave rise, are, therefore, no longer insisted upon
by the producers of yarns and goods. Except, however,
as regards those merely nominal terms, there is no
giving way on the part of spinners and manufac-
turers. Less than the attainable prices of the week
before last are out of the question ; and, indeed, for
many things, they would not be accepted. Yet
there is a pause in the market. The supplies
to India, South America, and Mexico have been
so ample, in some cases so excessive, that,
on comparing attainable prices with present cost,
the merchants find little inducement to make
further shipments to any of those quarters, but
abundant reason to abstain from doing so to some of
them. At this season, the Germans are of course in-
active ; and, no doubt, the non-arrival of the foreign
mails has prevented some business, not only from
them, but from other continental buyers also. There
is, however, a general conviction among the buying
class that matters are precisely in that state of
uncertainty which renders it necessary fir all parties
to proceed with caution in their operations. Sellers
are, however, sustained by the general lightness of
stocks, together with the orders still in hand for many
articles ; and the spinners are expecting that, when
the continental demand sets in, the abandonment of
that branch of production will be found so Extensive
as to occasion a deficient supply, with a consequent
rise of prices.

ROCI;DALF, MONDAY.—We have had a fair quan-
tity of business doing to-day in the flannel market, at
prices much the same as those of the preceding Mon-
day. There is little variation in wool, either in de-
mand or price.
MACCLESFIELD, TUESDAY.—There is no relaxation
here on the part of manufacturers in the prepa-
ration of goods for the spring season ; almost all
old stocks being cleared off, there will doubtless be a
great variety of new styles displayed in the works
now in progress, amongst which we understand
figured fabrics will be prominent. There has been
fair business transacted in thrown silks since our last ;
the mills are, without exception, working full time.
The raw silk market is buoyant, with a good busi-
ness doing.
HUDDERSFIELD, rr UESDA—EarIy this morning
all goods were cleared out of the Cloth Hall that were
adapted for the ishipping trade. In middling and
superflnesEnot much is doing ; but stocks were never
known to be so low at this season.

SATURDAY.—We cannot report any no-
ticeable difference in the condition of the worsted
trade. There is a fair inquiry for most descriptions
of goods, but without any material improvement in
prices. The demand for yams is still very active,
and the prices of some of the counts most in request
continue to look upwards. There is not much ani-
mation in the wool market, and the quotations remain
stationary.
LEEDS, TUESDAY.—There bas been a fair market
to-day, and on Saturday last a very large business
was done, but the manufacturers still complain
that the merchants will not give au advance in
price equivalent to the advance in the raw material.
Business, both home and foreign, is good in the ware-
houses.

PENNY BANKS.—It is rather remarkable that in
the metropolis, where there are so many associations f
the promotion of every good and laudable object, there
has never yet been established an institution fir the
safe daily deposit of sums so low as one penny, ref ay-
able upon demand. For this purpose an institution is
about t be brought into active operation in White-
chapel, under the title of " The London Penny Bank,"
under the management of Mr. James M. Scot::, a gentle-
man who has successfully organized two institutions on
the same general principles at Greenock and Hull; and
one important feature we consider to be the fact that
this hank will be entirely self-supporeng. Persons of
a'l ages, both sexes, and every clasg, may be depositors;
and each re:son m9y deposit any sam not ICES than one
penny or sun: e than five et,-ry day. repayable
upon detraal. Ali thed:po,its I.:e to tes reruidannually,
with a small additional gnat, such as sixpence foe e.-cry
twenty shillings lodged in not less than thirty weekly
payments, and one shilling for the same sums lodged in
not less thau'fifcy weekly payments. The expenses are
provided for from small charges to the depositors, which
are state f in the rules, with the addition of intareet re-
ceived from the deposits invested. The funds are to be
lodged at interest in the London and Westminster Bank,
or invested in Exchequer-hills, to be lodged in the Bank
of England in the names of the trustees. The Bank
will be open f)r business on Wednesday, the 30th
of January, in Whitechapel. It is intenthd to form
district asks in any part of London on the receipt of
any well-suppot tad requisition from pat ties resident in
any locality who are really interest 'd in such means of
/meliorating the condition of mankind.—The Reporter.
Dispatches from the Governor of Gibraltar were re-
ceived yesterday at the Colonial-office.

A POLITICAL RELIC.—We have seen a curious
copper medal which was recently found in the railway
cutting at Tackley. It is rather larger than a half-
crowr, but thinner ; end is a caricature of events
which occurred more than a century since. A con-
siderable portion of the edge is corroded and decayed,
so that the whole of the legend is not visible. On one
side is a gentleman in the dress c f :he t' me f George I.
or 11., and w:th him a certain " cl.l gentleman,"
whose immediate donate id not ructtiont.,ble to "ears
rcl.te;" the lamer, pitchfork in hand, is leading the
former by a halter e hich is round his nee's; and the
inscription "I am come for Sir Robert." At the foot
are the remains of the word " Excise." The caricature,
no doub*, refers to Sir Robert WalpAr, who was
Prime 111;nister in the reign of George 11., and whe,
about 1743, introduced the Gast really etiective Ex-
cise laws. On the revt rse of the med.l are the figures
of Sir Robert Walpole and Admiral Winer, political
opponents, ith a ship in the distance:, and a smiended
crown above. This probably has ri f.n.e nee to the taking
of Porto Bello. The Admiral, jeerirg Sir Robert, said
he could take the place with six ships. Sir Robert took
him at his word, and dispatched him with that numuer,
and with very few troops, we think less than 300. The
gallant Admiral kept his word, and reduced the place.
The legend on this side is not to be deciphered, except-
Guardian.
i n gi3tiihies
Twooir. Vs.CC2I9IO.
—Wind—ViußdunNin.trEY.—Arrd. Rival, Cor-
diner, Mauritius.