The Sun.
London, England, 1850-08-12 00:00:00

_.l'-'0 North U on Railway for London and
07
North-Western proportion of guaran-
teed dividend and working expenses... 49,205 9 9
...„. Less amount received for traffic... —. 42,239 16 1

£6,965 13 i

To Preston and Wyre Railway deficiency 4,500 0 0
To expenses of Peterborough joint sta-
tion, and on account of arrears
To chief rents ...
To Shropshire Union Rail-
way deficiency, Dcc. 31,
1849 —. 4,624 8 6
Less dividend received ... 1,972 0 1

... 2,500 0 0
... 3,025 10 7

2,652 8 5
This shows a total expenditure of 621,1711. 9s. 2d.,
which leaves a balance of 527,2171. Is. 5d., less
8,9471. 4.F. 6d. ; renewal for rails, and 1,0501. 18s. inte-
rest at 4 per cent., on .52 5421. 105. (yet aside on rail
account), from Ist January to 30th June, 1850, so that
the net balance is 517,218/. 18s. I Id. To this must be
added the balance of 88,262/. 16s. 8/1. from the last Deo.
account, making the ba!ance 605,481/. 15F. 71. Out of
this sum thr directors proposed the following divi-
dend :-14,496,877/. consolidated stock, at 5 per cent.
per annum
... 362,421 18 6

B. d. ...

64 910 L, and B. 201.
shares, ats rer cent. 10 0
Less int, at .5 per cent,
on amount unpaid 4 2

-5 10 per 311. 18,932 1 8
8,587 G. J. 401. shares, at 5 per cent., 1/, 8,587 0 0
70,000 M. and B. 101. C. shares,
at 5 per cent.... ... •• .£5 0
Less int. at 5 per cent. on amount
unpaid...

... 4 6

0 6 1,750 0 0
168,385 L & N. W. 251. shares, at 4 per
cent., 4s. 9id. ... ... ... . .
Capital of Huddersfield, and
Manchester, and Leeds,
and Dewsbury ... —.X1,641,570
Lest 3-10ths... ... ... 492,171

40,342 4 9

£ 1.149,099

At 5 per cent. per annum

... 28,727 9 6

X 460,760 14 5

The account will stand thus:—
To disposable balance ... ...
Proposed dividend ... ...

... 605,481 15 7
... 460,760 14 5

Balance to be carried forward ...Z 144,721 1 2

BRISTOL AND EXETER.
The directors of this company have issued to their
proprietors an answer to the report of the committee of
investigation; the document is somewhat voluminous,
and it is impossible to render more than a notice of BOILIO
of the principal points.
The charge by the committee of investigation that
the finance committee was a secret one, and a sealed
book to the other members of the direction, is
met by a denial, and by a statement that She
book of proceedings of the committee was open
at all times to the inspection of the directors.
On the subject of cheques having been signed by the
secretary, and the duties of the directors thus delegated,
the reply states that the secretary never signed a cheque
on any banking account in the company's name; that
payments necessary to be made from time to time by the
secretary were provided for by a cheque signed by the
directors in his favour, and disbursed by the secretary as
occasion required, that the balance held by the secretary
for this purpose rarely exceeded 1001.
Upon the inaccuracy of the system of accounts kept by
the company, as apparent from the evidence of the ac-
countant in respect to a cheque of 61.45. Bd. having been
twice drawn for, the directors reply, " With thousands
weekly to disburse, your directors' arrangements are such
that a committee not indisposed to discover errors can
only elicit one solitary fact of a cheque having been drawn
(not paid) twice for the same sum."
With respect to the late deputy chairman of the com-
pany, the directors observe, "The charges against the
late deputy chairman were replied to in writing by him,
to the committee of investigation, and these replies are
contained in the volumn of evidence which has been fur-
nished to the directors, but they have not been printed
or noticed by the committee." These replies are clearly,
fully, and satisfactorily made. We believe that Mr.
Browne has been the object of violent and determined
hostility, but that justice will be done hereafter to his
motives and actions, which have been praiseworthy and
honourable.

The complaint of the committee that the corporate
seal of the company has hitherto been kept in the cus-
tody of the secretary, is now remedied by its being
placed under the charge of the chairman; at the same
time the directors defend the former practice on the score
of convenience. h regard to the statement in the evi-
dence of one of the officers of the company, that the
secretary had endeavoured to induce han by an undue
influence to suppress a report, the directors refer to the
secretary's evidence, in which ho states that he had re-
quested this party merely to withdraw his report for the
correcion of errors.

The recommendations of the committee, that the secre-
tary should be deprived of " his almost unlimited power"
is met by the directors in the expresion of their high
sense of the valuable services of that gentleman for a
period of 13 years, and the zeal, energy, and ability
which he has displayed in the discharge of his import-
ant duties.
The directors conclude their reply with an indignant
repudiation of the unscrupulous charges to which they
have been exposed, adding, " We lay no claim to infal-
libility for your board, but we venture to challenge any
directory in the kingdom, who may have taken on them-
selves, at once, the working of a line of 86 miles, to pro-
duce, at the end of the first six months, a more poet et
state of arrangement than that which existed on the
Bristol and Exeter Railway."
(Signed) JAMES W. BULLER, Chairman.
W. D. WILLS, Deputy Chairman.
WILLIAM WATSoN.
WILLIAM MOYAN.
PATRICK MILLER.
THOMAS FUSSELL.
JOHN STONE.
EDWARD DEWITT.

CARDINAL WISEMAN'S' RETIREMENT
FROM HIS LONDON BISHOPRIC.

Yesterday morning a large number of the Catholic
nobility and gentry at present residing in London as-
sembled at St. George's Cathedral, Westminster-bridge-
read, it having been announced that the Right Rev.
Nicholas Wiseman, D.D., Vicar Apostolic of the Lon-
don distict and Bishop of Melipotamus, would take that
opportunity of delivering a farewell address to those
over whom he has had spiritual jurisdiction, prior to his
departure for Rome, whither he has been summoned by
the Pope, in order that he may receive from his Holiness
the digninty of the Cardinalate. Amongst those pre-
sent were the Duke of Norfolk, the Earl of Shrewsbury,
the Earl of lienmare, Lords Camoys, Beaumont, Clifford,
Petre, Lover, Stafford,
_Stourton, Arundel and Surrey,
M P., and Dormer, the Right lion. R. L. Sheil, 31.1'.,
Mr. C. Anstey, M.P., Mr. M. J. O'Connell, M.P., and
other persons of distinction, accompanied in most cases by
members of their families. High mass was celebrated, and
the Cardinel elect delivered an address, in which he ad-
verted to the success which Catholicism was making
throughout the world, and spoke in high terms of the
zealous labours of the clergy in the district with the
ecclesiastical supervision of which he had been entrusted.
In the evening Dr. Wiseman again preached to a large
congregation, amongst whom were several clergymen of
the Church of England, who were prevented by profes-
sional duties from being present in the morning. In-
deed, at both sermons great interest was excited, the
elevation of an Englishman to the high office of Cardinal
being a circumstance of such extremely rare occurrence.
Dr. Wiseman will leave England in the course of the
present week, and will take up his residence in the
" eternal city," an earnest desire having been expressed
by the Pope that he may have the benefit of the Right
Rev. Prelate's counsels on the political and spiritual
difficulties which at present surround their church. The
Pope ihas not yet mentioned Dr. Wiseman's successor.

Ills choici; is, however, expected to fall upon either the
Rev. Dr. Doyle, the senior priest of St. George's Cathe-
dral, or the Rev. Dr. J. U. Newman, priest of the Ora-
tory of St. Philip Neri, Kiag William-street, Strand,
formerly Vicar of Great St. Mary's, Oxford.

LICENSED VICTUALLERS' SCHOOL
SUMMER FETES.
The annual summer fetes, in aid of the funds of this
truly admirable and most deserving charity, are fixed to
take place at the Surrey Zoological Gardens, on Monday
(this day) and Tuesday next. We have so often advo-
cated the cause of this magnificent and most praise-
worthy charity, and its merits are, we are delighted to
say, so famed, that we need not, in calling attention to
these summer fetes in aid of its funds, add one word to
the simple announcement beyond expressing our belief
that of all the noble and charitable institutions which
abound in this metropolis, there is not one with which
the Licensed Victuallers' School will stiffer by compa-
rison, nor one in which the truly philanthropic and be-
neficent views of the promoters are carried out with
greater integrity. The annual summer fetes of the
institution are invariably regarded as most pleasant
reunions. Mirth and harmony are seasoned with the
knowledge that, in ministering amply to their self-
gratification, the visitors are assisting the cause of
charity, in helping to educate the children of their less
fortunate brethren in a way which will not only make
them good and useful members, but ornaments of society
hereafter. On the present occasion the committee of
management have wisely selected the Surrey Zoological
Gardens as the locale for their revels. All the varied
and attractive amusements of these delightful gardens
will be called int' play to give eclat to the fetes, whilst
others of a suitable and delightful character will be
added, to render the two days one unceasing round of
enjoyment. Additional bawds have been engaged to
perform throughout the day. The monster concert baud
under the direction of M. Jullien, will perform the
choicest selections of minis in the orchestra; whilst, in
the Pavillon de Danse, Adam's quadrille band will he in
attendance to delight the Terpsichoreans, whose move-
ments
directed by
services
lr. Frampton,
master
uh
fo
theh has againcer
cere-
monies; srs w; menagerie, gorgeous panoramic picture, py-
rnitoenoetecethueidcitlhle hisdibse play, and other attractive and novel amuse-
ments filling up the time most delightfully. The
children of the' school will proceed in procoaion to
the gardens each day, and seeing them participators
in the enjoyments not be the least pleasurable
portion of the gratification experienced by their patrons.
—Era.

BEE lIUSBANDRY.—We are happy to learn that
the present season bids fair to be an excellent one for honey.
The produce in Borgue is expected to be twice as large as
last year, and of sacellent qqaity.—Dumfrics Courier.