The Sun.
London, England, 1850-07-18 00:00:00

8.939 18 11

£48,495 16 5

.E. 8. d.
48,495 16 5

£48,495 16 5
The CHAIRMAN then declared the dividend payable
according to the report, and afterwards moved the adop-
tion of the report, which was seconded by
Mr. Deputy CORNER, who considered the report was
highly satisfactory, and he had much pleasure in sup-
porting the motion for its adoption.
Mr. JOSIAH WILSON reminded the shareholders that
their rest wag now a very handsome one, and he would
suggest to the board the propriety of discontinuing the
practice of giving bonuses, and increasing the dividend.
The rest was established for the purpose of accommodat-
ing the dividend, that was increasing it when it should
fall below 61. per cent. Now, it was not likely that
such an event would ever arise, and as the rest was in-
jured by increasing, he thought it Was desirable that
the bonus system should be abolished, and a permanently
increased dividend adopted, say 7} per cent., which
could be augmented whenever occasion should arise, by
taking from the interest of the rest.
Mr. 110DOSKINS did not think it would be a wise pro-
ceeding to carry out the proposition of the Hon. Pro-
prietor,
toh
occasions,aveartenoooorresme
to remote
tpheerrioeds
t,
to make up even the 6L per cent. dividend. The guaran-
tee fund he admitted was quite large enough, but still he
thepr i e
directorst r , because
were
did not wish to see it reduced, nor was he desirous of
having the bonus system abolished.
we on
compelledthr
Mr. WILSON insisted that his plan would not reduce
the rest. At present they divided a bonus annually, and
all he wanted was that the bonus should be added to
dividend to make it fixed and certain.

Captain PAKENRAM hoped the directors would let
well alone. He had recently returned from Italy, where
the bank was held in high esteem, solely he believed
from its always maintaining a handsome rest. In his
opinion 6 per cent. was not to be sneezed at. It was
more than could be got from the Government securities,
and he for one thought they would best exhibit their
wisdom by remaining contented with their present
position.
The resolution for the adoption of the yr port was then
put and carried nem. con., after which thanks were voted
to the directors and Mr. Pollard, the manager of the
bank, and the meeting terminated.

MASTER BOOT AND SHOEMAKERS' PROVIDENT
AND BENEVOLUNT SOClETY.—Yesterday evening a meeting
of the members and committee of the above society was held
at the Freemasons' Tavern, for general business ; Robert
Taylor. Esq., president, in the chair. The annual statement
showed that there are at present ten annuitants on the fund,
viz , eight men at 201. and two women at 151. each per
annum. The receipts for the last year from all sources
amounted to 3,972/. Bs., the expenditure, including the sum
expended on account f the building, the new asylum at
Mortlake, Surrey, left a balance for the current year of
622/. 14s. 4d. The asylum has been completed. and will be
opened for the reception of inmates in August next.
EXHIBITION FOZ 1851.—We understand that the
Building Committee has accepted the tender of Mr. Paxton
to erect in Hyde-park a building composed chiefly of iron
and glass, similar to the plan given in the Illustrated News.
To the height of eighteen feet from the ground the erection
will be const ucted of wood work, and arrangements have
been made to provide complete ventilation and secure a
moderate temperature. The building will be commenced in
about a week's time.

STAIkIFORD•HILL HORTICULTURAL SOCIETY. -
The second flower show of the above society took place yes-
terday afternoon in the grounds of Arthur Craven, Esq., and
the visitors were both numerous and fashionable. The ex-
hibition itself was not remarkable for the numerical extent
of the specimens, but these which were on view were ex-
tremely fine, and quite equal in character and beauty to any
that have been recently displayed at the more pretentious
shows in the Regent's-park and the Chiswick-gardens. The
awards were granted for pelargoniums, fuchsias, ericas,
verbenas, oleanders, cockscombs, roses, greenhouse plants,
and cut flowers; besides various fruits and vegetables. The
company, however, seemed to care less for the horticultural
show than for the pleasure of walkirg about the grounds
attached to the mansion of Mr. Craven, whose domain is
probably not equalled for scenic beauty and variety of effect
in the neighbourhood of London. There are some fifty or
sixty acres of lawn and shrubbery laid oat in the most
charming manner—every artifice that good taste and inge-
nuity could devise having been thought of to produce a
series of picturesque ensembles. The band of the 2d Regi-
ment of Life Guards were in attendance under the direction
of Mr. Grattan Cooke.

AMBERGATE, NOTTINGHAM, BOSTON, AND EAST-
ERN JUNCTION RAILWAY. The opening of this line took
place on Monday, a distance of 23i miles, 20 of which are
on a new line of rails, the remainder on the Midland Coun-
ties. The directors have arranged that tour trains up and
down on week days, and two trains each way on Sundays,
should run till further orders. The first train from Gran-
tham left at 86. 40m. A.M. ; on its reaching Bottesford and
Bingham crowds of well-dressed parsons had assembled to
witness the first pssenger train arrive, flags flying, music
playing, and everywhere preparations making for a general
day of pleasure and festivity. At Grantham dinners were
given to the directors and friends, as well as to the various
worhmon, the chief one being at the Town. hall, the Mayor
of Grantham in the chair, at which more than 200 sat down.
AMERICA.—LIVERPOOL JULY 17.—The American
mail steam-ship Pacific, Captain Nye, arrived here this
morning from New York, having left that port on the 6th
instant. Her advices have been anticipated by the tel gra-
phic news, vici Halifax, received yesterday morning. The
Pacific has brought 55,0001. in specie on freight.
SOUTHAMPTON, WEDNESDAY MORNING. The
United States mail-steamer Hermann, Captain Crabtree,
arrived here this morning from Bremen, en route to New
York.