The Sun.
London, England, 1857-12-11 00:00:00

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REPORT OF THE DIRECTORS.

! CRYSTAL PALACE COMPANY.

The report of the direeors of the above company to
the extraordinary meeting of shareholders to be held on
Thursday next, states that the directors have given their
careful consideration to the subject of the year's working
from the Ist of May last to the 30th of April, 1858,
and from the best opinion they can form, they believe
that the whole accounts, when made up to the 30th Arril
next, will show a surplus of from 10,0001. to 12,0001. to
the credit of the revenue accounts, after deducting inte-
rest on all borrowed money and debenture stock, and a
year's dividend on the 7 per cent, preference shares.
This result has been arrived at from an actual balance
of the company's books for the first six months (namely,
to Oct. 31 last) ; and for the remaining six months,
from an estimate based on the assumption that the
receipts will equal those during the corresponding period
of last year, and that the ordinary expenditure during
this period will be kept on the scale to which it has been
already reduced, a scale which the directors believe is
about as low as can be established consistently with the
preservation and protection of the company's property.
It will be satisfactory to the shareholders to know—as
showing that the attractions of the Palace continue un-
impaired—that the gross receipts for the six months
ending Oct. 31, amount to 98,5571. 175., a sum equal to
the receipts for the corresponding period of last year.
The directors submit, as a plan for reducing the capital
of the company, that in respect of every ordinary and
preference share which shall be agreed to be extinguished
in terms of the 11th section of the company's act a
ticket shall be issued to the proprietor of such share,
entitling him to a certain number of gratuitous admis-
sions to the palace and grounds on all ordinary is. days,
the ticket to be available without the necessity of the
proprietor's personal presence It may be lent, and may
be used by a party of persons of any number at a time,
provided the number does not exceed that of the admis-
sions still due to the ticket, Gi eat facilities will thus be
afforded to families and other visitors desirous to come in
parties, and all the advantages given which could result
from "family tickets." It is proposed that the right to
use the tickets shall not extend beyond three years from
their issue. It is thought that 60 admissions for an or-
dinary share, and 120 admissions for a preference share,
will be a fair number to be adopted for the first issue ;
and it is proposed that a list shall be at once opened,
and kept open say bill the let February, 1858, after
which the directors shall have the power of recon-
sidering the terms on which any further issue shalt take
plaoe. The directors further recommend that a resolu-
tion of the board shall be passed, authorising admission
by these tickets to the palace and grounds on Sunday
afternoons atter half-past one o'clock, as a gratuitous
privilege, and without any money payment to be made
directly or indirectly to the company for such privilege,
the number of persons admitted by each ticket being,
however, recorded upon it. In conclusion, the directors
say, that they have had under their serious consideration
the generally expressed wish of the shareholder, that the -
future policy of the company should be based on the
most economical plan of expenditure, and that any at-
tractions beyond the permanent ones of the Pa'ace itself
should be framed on as economical a scale as possible,
and with a view to attracting large numbers of people
rather than a comparatively small number at high priest'.
In approaching the close consideration of this very ire'
portant question, it appeared that Mr. Fergusson, the.
general manager, did not see his way to the adoption of
the suggested line of policy, and expressed his opinion
that, if carried out, the result would be prejudicial to
the general interests of the company. Under these cir-
cumstances, he thought it his duty to tender his resigns.'
tion to the board, which they accepted, deeply regretting
that any circumstances should in Mr. Fergusson s
judgment have occurred to render this step necessary'
Mr. Fergusson has kindly consented to continue to give
the company the benefit of his assistance until the
board of directors (now to be reinforced) shall hav
opportunity of making suitable arrangements. Tan.
directors have made a careful reduction in the exPe"
diture for the winter months, and they luipe to be able to
extend this principle to the whole of the year without
impairing the real efficiency of the establishment. They
have also been giving their attention to the organisation
of a general programme for next year, and in the mean-
time have concluded arrangements for a ser 03 of juvenile,
fetes for the Christmas holidays, of a popular and °spread
sivocharacter, particulars of which will very shortly be
announced.
The substance of the remarks of the directors relative
to the debenture stock, and the necessity that a very
considerable additional amount of the stock should be
forthwith taken up by the shareholders, appeared in our
report of the shareholders' meeting on Wednesday last.
The directors observe that the capital account of the
company has been practically closed for some time paste.
and there has been no addition made to the amount of
meet-
ingdeb
ns h
tro
uwna. bl
last,
tt eanbda la
whichnc e
debenture stock shall have been fully taken up. .The
anneal hwe
iel tl
be
eu bambist,t,
rebdedto
wt hheen t
hheeanneal receipts will cover the interest on the deb_enchu
it
stock, and the property of the company over bi
freehold land, with a plant and works
ter
with the grea
will form the first charge is upwards of 2:owna c riet:
additioa to the buildings of the Palace,
portion of their valuable contents,'an amount of property
in the aggregate which the directors think it only rea-
sonable to assume could not under any circumstances
realise less than half a million of money.

MONT BLANC IS OPEN TO-NIGHT.

OHRISTY'S MINSTRELS, POLYGRAPHIC-
...) HALL, King-William-street. Strand.
THE ONE HUNDRED AND THERTIETH ENTER-
TAINMENT. -

Every Evening the RILLIEIIi BIIIMESQUE, received nightly
with shouts of laughter. Doors open at hail-past 7, commence at 8.
Stalls, 35.; area, 25.; amphitheatre. Is.; Private Boxes, 11. Is.
Seats can be secured at Mr. Mitchell's, 33, Old Bond-street, and at
the Hall. On Saturday, a Morning Entertainment, commencing at 3

PROFESSOR, WILJALBA FRIKELL -
ST. JAMES'S TFIEATRE.—Every Evening at 9, a'

Saturday Afternoons at 3.—New and Original Entertainment of
PHYSICAL and NATURAL MAGIC, without the Aid of any
Apparatus. Stalls, 55.: Boxes, 35.; Pit, 25.; Gallery, la. ; Private
Boxes, two guineas, guinea and a-half, and one guinea.—Places to
be secured at Mr. MiteWell's Royal Library, 33, Old Bond-street.

A DELAIDE GALLERY, Lowther Arcade,
A
Strind.—Great success of '4. Lamo.te's Haveock Schottische.
and erand Fantasia from" Trovatore," ani the Kew Caledonian
Quadrille by Charles 11.41. Principal cornet-a-piston, M Boulcotirt.
Open every evening at half-past 8. _Dancing commences at 9. The
Argyll Band is to be engaged for private Balls. - R. R. P masa, Ma-
nager.

11R. KAHN'S MUSEUM AND GALLERY
OF SCIENCE, 3, Tichborne street, facing the Haymarket
This Institution presents entirely new natures and offers unpre-
cedented attractions. Its object will be :o combine Natural with
EXPERIMENTAL SCIENCE, and to show the connection be-
tween the functions of the Human Body and the great Forces of
the Universe. Among't the numerous novelties now added, may be
named the large Oxyhydrogen Microscope, GUENAL'S AP-
PAREIL URANOGRAPHIQUE (now first introduced). The latest
improvements in Electric and other Apparatus (including RPM&
KORFF'S WORLD-RENOWNED COIL). Illustrations of Micro •
scorde Anatomy, Dissolving Views of Physiological Phenomena,
upon a principlenever before attempted, &c. Lectures are delivered
daily on the various branches of Science, and their application to
the Human Frante.the Laws of Life, and the Preservation of flea'th,
by Dr. Kith'. and Dr. Sexton. The Institution is illuminated outside
with DU BOSQUE'S MAGNIFICENT ELECTRIC LIGHT.
Open (for Gentlemen only) from 12 till 5, and from 7 tlit 10 o'clock.
Admission to the whole Building, One Shilling. Illustrated Cata-
logues, Sixpence. Programmes and Lectures gratis on application,
or by cost free for six stamps.

EAST AND WEST INDIA DOCK
COMPANY. The Directors hereby Give Notice, That
unless the charges on the undermentioned goods are paid on or be-
fore the 10th January next, they will be sold to defray the same :-
11. J. and Co.. 33b bags Bice, ex Belle of the West, Howes, from
55
Calcutta, 2-294' entered 19th September, 1855.

By order of the Court.
- GEORGE COLLIN, Secretary,
East and West India Dock House, 8,1311 liter-square,
December 10, 1857.

THE TRUST AND LOAN COMPANY OF
UPPER CANADA.
Incorporated by Royal Charter.
TRUSTEES.
Thomas Baring, Esq , M.P.
George Carr Glyn, Esq., M.P.
DIRECTORS.
Sir Randolph J. Routh, K.C.8., President.
William Chapman, Esq., Deputy-Chairman. -
James Hutchinson, Esq.
Chates Morr`son' Esq.
William Gordon Ihomson, Esq.
Matthew Uzielli, Esq.
T. 31. Wegnelin, Esq., M.P.
SECRETARY.
T. Macdona d, Esq.
BANKERS.
Messrs. Glyn, Mills, and Co.
At an Extraordinary General Meeting of the Shareholders of this
Company, held at No. 65, Moorgate-street, on Wednesday, Decem.
ber 9th, 1857, it was resolved,—
That the Rep- rt and and accounts submitted by the Directors
be received and adopted;
That a Dividend, at the rate of 7% p'r cent, per annum, less
4, income tax, be declared on the paid-up capital stock of the
Company, for the six months ending:3oth September, 1857 ;
That the thanks of the meeting be given to the Chairmen and
Directors for their zeal and attention to the interests of the
Company, and to the Secretary for his satisfactory Report to
the meeting of his visit to Canada.
By order. T. MA.CDONALD, Secretary.

' Now ready, price One Shilling.
MORTCN'S NEW FARMERS' ALMANAC
for 1858.
Mackie and Son, Warwick-square, Newgate street, London; and
all Booksellers.