The Sun.
London, England, 1850-08-16 00:00:00

FRIBA Y

EV

but negotiations were now going on with them with re-
gard to the arrsn4envnt of the traffic.
Mr. BRIGHT suggested the propriety of dividing, a
further portion of the profits, which amounted to 69,784/.
lie said it was not competent for the directors under the
Act of Parliament to do anything with that amount than
to divide it rateably among the proprietors. Taking
into account the favourable position of the com-
pany, he did not think it was unreasonable that
the proprietors should expect a large dividend. Ile
concluded by moving an amendment, to the effect that a
dividend at the rate of 21. 153., instead of 2/. 10s., for the
six months, vhould be paid to the proprietors.
Mr. OYES seconded the amendment. They had very
great success during the last half year, and a most ex-
traordinary increase, and looking at the prospects of the
next year, and the possible increase of traffic arising
from the Exhibition of 1851, he thought if they agreed
to the proposition of the lion. Shareholder they would
have an ample balance in hand to meet all contingencies.,
He could not understand why s 3 large a balance should
be carried over to the next half-year.—(Hear.)
Mr. BAKER thought the fact of the company being
always able to pay a dividend at the rate of 51. per
cent. increased the confidence of tie public in the secu-
rity of their undertaking, and gave a more permanent
value to their property than paying a higher dividend
than was recommended by the directors would do. He
saw no reason for departing from their recommendation,
and it should be recollected that the Great Northern
Railway had just been opened, aud that the Great Western
Company had now a direct opposition line to Birming-
ham, and the power of resisting that opposition mainly
depended on the directors having an ample available
balance at their disposal.—(Cheers.) lie hoped the
shareholders would follow the advice of the directors in
the present case, because they had always acted for the
general benefit of the company.— (Cheers.)
After some desultory conversation, Mr. Bright
offered to withdraw his amendment; but considerable ob-
jection being urged to such a course, a show of hands
was taken, when the Chairman declared that the num-
hers
were so nearly equal, that he would have to ask the
proprietors to take the trouble of dividing.
Mr. MARK PHILLIPS hoped they would not proceed
to a division. He did not appear there in any other
capacity than as a trustee for a number of proprietors,
but he did not think he should faithfully discharge his
duty if he urged the directors to divide more than they
felt confident they ought to do consistently with refer-
ence to the general interests and welfare of the company.
Mr. HARDMAN ERLE, one of the directors, supported
the suggestion for an increase of dividend.
The CHAIRMAN then replied to the various observa-
tions which had been made. As to the assertion of Mr.
Bright, that it was not legal to retain and carry over so
large a surplus, he said he had taken the best legal
advice on the subject, and he was happy to state that it
rested entirely with the shareholders to determine
whether they should have six or one per cent.,
and to keep any surplus they might think
tit, irrespective of the question of life interest. (Hear.)
If they carried the proposition for an increased dividend,
they would have to relieve himself and his colleagues of
all odium, in the event of his some day finding it neces-
sary to propose a dividend at 4i per cent. (Cheers.)
The directors had taken into account every circumstance
connected with the question of dividend, and they
thought the dividend which they now propoed consistent
with the ultimate and present prospects of the company.
The amendment was then put to the meeting and ne-
gatived, the numbers being—for the amendment 58,
against it 90. The announcement was received with loud
cheers.

Another amendment for increasing the dividend to 31.
for the half-year was also put to a show of hands and lost
by 36 to 113.
The original motion was then carried:
A resolution declaring a dividend at the rate of 2/. 104.
per cent. for the six mouths was then agreed to.
Auditors were then appointed to audit the accounts of
the Nuneaton line.
The CHAIRMAN moved that, a committee of share-
holders should be appointed to take into consideration
the future management of the affairs of the company,
owing to the amalgamation of several other companies
with this company.
The resolution was passed and a committee appointed
accordingly.

Mr. WILLIAMs then proposed his resolution that no
account should be kept with a banker who made any de-
ductions on account of light gold.
A SHAREHOLDER suggested that the best way to get
rid of the light gold was to pay their taxes and lawyers'
bills with it.

The motion, however, was not seconded, and it accord-
ingly Ml to the ground.
A vote of thanks was then passed to the Chairman,
azd the mce:ing separated.

THE LONDON GAZETTE.
(THIS EVENING.)

At the Court at Buckingham Palace, the 14th day of
August, 1850, present, the Queen's Most Excellent Ma-
jesty in Council. This day the Right Honourable Sir
John Jarvis, Knight, Chief Justice of the Court of
Common Pleas, was, by her Majesty's command, sworn
of her Majesty's Most Honourable Privy Council, and
took his place at the Board accordingly.
At the Court at Buckingham Palace, the 14th day of
August, 1850, present, the Qaeen's Most Excellent Ma-
jesty in Council. Her Maje,t in Council was this day
pleased, upon a representition of the Right Honourable
the Lords of the Committee of Council on Education, to
appoint the Reverend David James S ewart, M. A. Vicar
ot Hillinartor, in (he county of Wilts, to be one of her
Majesty's Inspectors of Schools.
BUCKINGHAM PALACE, Auc. 14.

This day had audience of the (4tiecn-: —His Excel-
lency Jung Babadoor, Prime Miniver and Commander-
in-Chief of the army of his Highness the RAjah of
Nepal, to take leave' of her Msjesty, on his return
home from a special mission irons his Highness to
her Majesty. To which audience his Excellency was n-
trodueed by the Right Honourable Sir John Hobhouse,
Bart., M.P., President of the Board of Commissioners
for the Affairs of India, and conducted by Colonel the
Honourable Sir Edw4rd Cust, K.C.11., her Majesty's
Master of the Ceremonies.

FOREIGN-OFFICE, AuG. 15.
The Queen has been pleased to approve of M. L. La-
coste as Consul at Port Louis, in the island of Mauri-
tius, fur his Majesty the King of the Belgians.
DOWNING STREE AUG. 16, 1850.
The Queen has been graciously pleased to make
and ordain a Special Statute of the Most Honourable
Order of the Bath, for the purpose of autho-
rizing the admission into the Military Divisions
of the second and third classes of the said
Most Honourable Order, of such officers of the
Commissariat and Medical Departments of the Army
and Navy, and of the East India Company's Armies
and Navy, as by their meritorious services have already
or may hereafter be deemed by her Msjssty to have de-
served such distinction. Her Majesty has accordingly
been pleased to give orders for appointing
Sir John Bissett, Knight, Commissary-General,
Sir Jam:-s M.Grigor, Baronet, Doctor uf Medicine, Di-
rector-General ot the Medical Department of the Army,
Sir William Burnett. Knight, Doctor of Medicine, Di-
rector-General of the Medical Department of the Navy,
and
James Thomson, Esq , Inspector• General of hospitals on
the Bengal Establishment of the East India Coin-

pany's Service.
To be Ordinary Members of' the Military Division of
of the Second Class, or Knights Commanders of the said
Order.
And her Majesty liar further been pleased to give
orders for appointing the follovting officers to be Ordi-
nary Members of the Military Division of the Third
Class or Companions of the said Must Honourable Order,
viz :
Duncan McArthur, Esq., Doctor of Medicine, retired
SirPJheysicin
hnNab Vetbt,he Knli'glehett,
,Director General of the Medi-
cal Depirtment of the Oriimince,
Thomas Dunmore, E>q, , Commissary-General,
Sir James Robert Grant, Knight, Doctor of Medicine,
Inspector-General of Hospitals,
John Gunning, E,q., Inspeetopr-oGeneralfomf
iscPiinte3,lB.ln •
John Robert
iblGearei tleisrl,auEinjot:qt I,
oLst.'as.
Commissary-General.
William Filder, Esq., Commissary-General,
William Booth, Esq., Deputy-Commissary-General,
Sir John Richardscn, Knight, Doctor of Medicine, In-
spector of Hospitals and Fleet=,
Benjamin Fonseca Outran], Esq., Doctor of Medicine,
Retired Inspector of Hospitals and Fleets.
Robert Perkins Hillyar, Esq., Retired Inspector of Hos-
pitals and
iFailnaeo,nesdtEpsi,sEtqal.ltass,
Sir George Magrath, Knight, Doctor of Medicine, Re-
tired Inspector of Uospitals and Fleets,
Sir John Liddell, Knight, Doctor of Medicine, Inspector
pector-General of Hospitals,
:
Stephen Woolriche, Esq.,
James French, Esq., Doctor of Medicine, inspector-
HGeneral er Hospitals
eolrs'arplai tnoakf
Hospital,
Inspecter•General of Hos-
pitals,
Charles Renny, Enq,, Superintending-Surgeon on the
Bengal Establishment of the But India Company's

Is enrdviisc ecompany's,
B. W. Macleod, Esq, Doctor of Medicine, Superintend-
ing Surgeon on the Bengal Establishment of the East
Service,
John Wylie, Eq., Doctor of Medicine, Inspector-Ge-
neral of Hospitals on the Madras Establishment of
the East India Company's Service, and
Charles Doyle Straker, EA. , Doctor of Medicine, Su-
perintending Surgeon on the Bombay Establishment
of the East India Company's service.
DOWNING-STREET, Auc. 16.
The Queen has been gracieusly pleased to give or-
ders for the appointmeni of the following officer in the
service of the East India Company ; viz., Culonel Hugh
Massey Wheeler, of the Bengal Infantry, Companion of
the Most Honourable Order of the Bath, to be an Or-
dinary Member of the Military Division of the Second
Class, or Knights Comminders of the said Order.
Her Majesty ha* also been graciously pleased to give
orders fir the appointment of Lieutenant-Colonels
Howell Poynter. of the 24th Regiment of Foot, Ed-
ward Luzard, of the 29th Regiment of Foot, Henry
Tod Tucker, Adjutant-General of the Bengal Army,
and John Hallett, of the 3rd Regment of Bombay Native
Infantry, to be Ordinary Members of the Military
Division of the Third Cleo, or Companions of the said
Moat Honourabld Order.
WHITEEIALL, AV G. 14.
The Queen has been pleased to appoint Thomas
Southwool Smith, M.D. to be a member of the General
3,3nord of Health.
WAR OFFICE, Alm. 16.
2d Regiment of Dragoon Guards—Lieutenant John
Carstairs Jones to be Captain, by purchase, vice lb •
belson, who retires; Cornet John Clements to be Lieu-
rurehate, vied Jones, -Comet C2ota: time