The Sun.
London, England, 1850-03-23 00:00:00

OXFORD, WORCESTER, and WOL-
VERHAMPTON RAILWAY.
The adjourned half-yearly meeting of this company
was-held yesterday at the London Tavern, to conclude
the business left unfinished at the last meeting, on the
22d inst; Mr. Rufford, M.P., in the chair.
After the usual preliminary proceedings,
Mr. JONES reported that the committee of selection
which was appointed at the last meeting had come to
the resolution to recommend that William Matthews,
Esq., Robert Beman, Esq., Thomas Badger, Esq., and
ThornasiNelson Foster should retire from the direc-
tion. The committee had experienced considerable
difficulty in selecting fit and proper persons to fill the
vacancies that would be created, but they had finally re-
solved to nominate the following gentlemen :—James
Walker, Esq., Blenham-square, Leeds, holder of 20
sLares ; Z. C. Jesse', Esq., 1, Saville-row, London,
145 shares ; Benjamin Oliveira. Esq., Hyde Park-
street, 193 ; Joseph Tucker. Esq., 35, Duncan-ter-
race, Islington, 20 shares. The auditors which the
committee had nominated were John Tamlyn, Esq.,
44, Chancery-lane, and Jonathan Thorpe, Esq.,
Bromley, Kent. Copies of those resolutions had been
banded to the secretary of the company, in accord-
ance with the wish expressed by the proprietors. Mr.
Jones concluded by moving that the report of the com-
mittee be received.
Mr. THORPE seconded the motion.
A desultory discussion followed, and it terminated in
an adjournment of the farther consideration of the
motion until after the extraordinary general meeting,
into which the proprietors resolved themselves.
The CHAIRMAN then announced that the directors
mentioned in the report had resigned in conformity with
the wish of the committee of selection, and it was his
duty to call upon the meeting to fill up the vacancies.
It was then proposed and seconded, that Mr. J.
Walker, of Leeds, should be elected in the place of Mr.
W. Matthews.
Mr. SMITH moved, as an amendment, that Mr. Mat-
thews be re-elected.
Mr. MATTHEWS entered into a personal explanation
of the grounds which the committee considered disquali-
fied him from serving as a director, alleging that he had
never been guilty of any jobbery, either respecting
shares or contracts for supplying iron rails to the com-
pany. He considered he had never deviated from the
strict rule cf propriety; but he would retire with great
pleasure if the proprietors thought his conduct had ren-
dered him unfit to hold a place at the board.
Mr. Alderman THOMPSON, M.P., said the question,
apart from Mr. Matthews' conduct, was whether the
committee of selection had been properly appointed, and
whether it had fairly and properly discharged its
duties, and he thought both those questions must be
answered in the affirmative. Never had the affairs
of a company been so grossly and flagrantly
mismanaged, nor had any holy of directors
laid themselves more open to almle ; n0.,,d they would
stultify themselves if they allowed them to manage their
affairs as they bad done. He had lost all coati:le:nee in
the board, arid hoped they r.ould have an opportunity
of electing better men to it.—(Cheers.) Among the
proprietors who had f ailed to pay up their calls he found
men who were as well abie to pay as the directors, and
be could not understand why legal proceedings had net
been commencel egr.inst then.--(Hear.)
Mr. Sergeant GASELEE vehemently inveighed against
the board, and hoped th9y would either all be turned
out of office or put into Chancery.
After s;:Ano farther discussion of a very personal
nature the amendment was negatived by a largo naej,_,-
rity, and the original motion was carried.
The other thre gentlemen recommetalA by the com-
mittee were also re-sEc,tl by a slo:;w of haods.
The other business of the ipecial meeting re'a•ed to
two Bills now i_efire Parliament, promoted by this com-
pany, elle referring to the sale of the Stratford and
Avon Canal to Vie Birmingham and Oxford Company,
and the other to our f?rciug aldltiontil powers to raise
capital. The consideration of those Bills was postponed
for six we ks, to which period tne meeting was ad-
journed, to afford time to the proprietors to melee thcm-
selre; acquain.e 1 eitli the prori.ions of those Bills.
The geßeral meeting was then returned, when Mr.
Tamlyn and Mr. Thorp were elected auditors.
A vote of thanks to the Chairman concluded the busi-
ness of the day.

BANE. OF E.NGLAND.
(From last night's Gazette.)
An Account, pursuant to the Act 7th and Bth of Victoria, cap. 32, for
the Week ending on Saturday, the IGth day of March, iSSO.
ISSUE DEPARTNENT.

Notes issued •....... 30,436,570 Government debt .. 11,015,100
Other securities •• • • 2,984,500
Gold coin and bullion 16,209,493
Silrer bullion • • •. • • '277,077

230,485,570 I 30,456,570
MAILSIIALI, Chief Cashier.
Dated the 2lst day of March, V5O.
BANTON() DZYMITMEN T.

Proprietors' capital.. 11,55:1,000
Rest . Z,,597,95)
Public deposits (In-
cluding Exchequer,
Commissioners of
Nationrl Debt, Say-
ings-bauk 5, and Dl-
vidend accounts).- 8,512,1,2
Other deposits 10,260,851
Seven day and other
bills •• • • •• •• 1,C51.558

Government secnr!-

ties (including Dead
Weight Annuity).. 14,41R,854
Other securities •• 11,322,2i16
Notes .... ••••• • •• •• 11,477,695
Gold and silver ccin.. 780,715

£38,005,560

£38,00.5,560
it. MARSHALL, Chief Cashier.

Dated the 21st day of March, t

MARKET INTELLIGENCE.

(From the London New Price Current, 3larch 22.)
SVUAR.—To-day there was nct much activity in the
market fn. West Lelia Sugar, still rather more business
was concluded at full rates, and grocery are the chief
buyers. The purchases amounted to 355 hhds, Sce.,
sucking for the acek 636, iecludine at public sale 53
packages Demerara, which sold at 41s to 43s for crys-
taliz, d yellow, and at 353 6cl fur brown.
REF;NED.—To-day there was scarcely any variation
in the value of refined sugar, but ham° dealers made
purchases with caution: The market for crushed sugar
is dull, with sellers of British at 29s to 29s 6d per cwt.
Manamus.—This afternoon the public sales of
6,800 bags Mauritius went off with more spirit, and at
full rates, indeed, the besi yellow sorts were rather
dearer. The whole sold—yellow at from 35s to 42s 6d,
brown 30s 6d to 34s .6d, grey 34s to 38s, and grainy
34s 61 to 38s.
BAST INDIA—This afternoon there was a more active
sale for Bengal Sugar, and at public auction 3,670 bags
sold at stiffer rates for white Benares, and at full terms
for other kinds: soft yellow went at 33s to 365, brown
30s to 30s 6d, white Benares 38s 6d to 40s, and strong
yellow 38s to 41s. Of Madras a small part only sold at
28s to 31s for brown, and at 32s to 36s for yellow, which
are full rater.
FonEIGN.—At public sale 215 hhds of Cubs were,
however, mostly disposed of, fine and good yellow at
39s 63 to 41s, and middling 38s 6d to 395, but 1,557
chests Havannah were nearly all bought in at 40s to 43s
fur low to good Yellow; these rates agree with those of
Friday last. holder:: of bonded parcels are reluctant to
make any further concession in the value, and refrained
from submitting any to public sale this week; still ex-
porters have made purchases with caution by private
treaty, and refiners working under bond are not much
in want of sugar at present. Several parcels of new sorts
will be offered at auction next week.
MOLASSES.—A much better demand exists for West
India, and stiffer rates are obtained. The purchases for
the week amount to 500 puns, chiefly at 17s per cwt ter
Barbadoes. There has been more business concluded
in East India Treacle, and few sellers are' to be met
with under 14s per cwt; the supply is also less than for
some time past.
COFFEE.—This afternoon the quantity of Plantation
Ceylon Coffee offered at public sale was larger than
for some weeks past, and amounted to 347 casks 597
bags. There was little desire on the part of dealers to
operate, and parcels in second hands were all taken
in. A first-band parcel of 60 casks 120 bags, how-.
ever, was forced off at a farther reduction, or at a de-
cline from the highest point of 14s to 16s per cwt; low
and good ord went at 46s Gd to 495, fine and fine fine ord
51s 6d to 52s 6d, low mid 53s to 555, mid 56s to 575, and
one lot of good 60s 6d per cwt. The value of Native is
still 47s to 48s on the spot, but with very few buyers.
This afternoon at public sale 150 begs Para and 500
bags Guayaquil Cocoa were taken in at 30s per cwt.
COCOA..—There are few buyers of Foreign, and the
supply is getting upon a more extended scale. At auc-
tion the sound of 1,024 bags Guayaquil was taken in at
32s for grey, being above the value, but damaged
sold at the reduced terms of 27a to 27s 6d. In the
value of Foreign there is no variation, and none has
been submitted to public sale, but the market is still dull,
and by private treaty operations have been upon a small
scale. The value of red Trinidad is 43s to 48s for low
to fine, and of grey 39s to 43s per cwt. Public sales
will be declared shortly.
TEA.—Holders have been more disposed to realise,
and the market has been better supplied. There are
sellers of Congou rather under former rates, buyers have
made purchases with caution, common at 9d to 9id,
medium 10d to is 2d, and other kinds is 21d to is Od
per lb, whilst lower rates are expected to exist. Green
Tea has been purchased with caution for all purposes,
prices have fal'en Id to 2d for Gunpowder and Imperial,
whilst other sorts have been sold rather under former
terms. Orders are smaller for scented Tea, and the supply
being better prices have declined id to Id per lb for Ca-
per. At auction on Tuesday of 9,048 pkgs offered, 2,200
found buyers; scented Caper at is lid to is lid; Gun-
powder Canton, is 2-1 d to is 21d, good and fine Hyson
kind 2s 13 to 2s 11d; imperial Canton, is 2d, good and
fine Hyson kind is Sd to Is 10d, and Hyson diVo 2s to
2s 10d.
RICE.—To-day a public sale of 64 chests and 699 bags
Sago went at steady rates; small white pearl at 24s and
brown 20s 6d to 21s; the whole found buyers.
SPICES.—There has been no public sale of Ginger this
week, out a fair quantity of home-trade sorts have been
sold by private treaty, at full terms; the value of low to
fine Jamaica is from 41 10s to 101, African and Barba-
does 35s to 40s. Shipping kinds are not much
wanted, and the value of East India is 19s to 235.
The current value of white is sid to 6d, still there has
been scarcely any business done. Of black Pepper none
has been submitted to auction, and the private operations
are small at from 31d to 3.!,,d for Sumatra, and at aid
:41 for Male.bar. bite Pe. peer is not much
-wanted, and 53 to 83 is the price of low to fine. Cassia
Lignea isibeld for 104 s to 110 s, and the sales made have
'sten trifling. Orders for Cinnamon are yet small, and
at late rates there are free sellers. Cloves are not much
is deraanlf, Bencuien is held for ls Gd to 2s, Penang is
3d to is 80. Mace bee been purchased with caution at
2s 23 to 21.10-i for ord to fine. Nutmegs are held firmly
at 2s 6tl tte4s 4c.1 for low to line brown, but orders are
stem".
easent4rtraTs.,There has bean much dulness in the market
fesis;egwsrd Island Runs this week, and the value of
proof is is 43 to is sd, whilst prices have a down-
ward tendency. East India is little wanted, and the