The Sun.
London, England, 1844-04-29 00:00:00

9. That if any such company be duly► constituted, then,
on its being registered provisionally, it be entitled to the
following powers and privileges:—

To use e, common same;
To open subscription lists;
To reeQive deposits; and
To perform such other acts only ks are necessary for
the estabiishment of the company ;

But not to make calls ;
Nor to declare dividends ' •
Nor to purchase or hold lands ;
Nor to enter into contracts (except such as are neces-
sary to its provisional state) ;
Nor to be sued or sue as a company. •
And that on its absolute or complete registration, it
be entitled to the following powers and privileges :
To use a common name, but that together with the
word " registered ;" or other words denoting the parti-
cular character of the company ;
And also to have a common seal, whereon must be in-
scribed the name of the company, together with the
word " registered ;" or other words denoting the parti-
cular character of the company ; and in every such case
the date of the registration ; aced also,
To perform all acts necessary for carrying into effect
the purposes of such oompany, which a body corporate
might do ; and also,
To purchase, and hold lands, tenements, and heredi-
taments, with reference to the purposes of the company,
ender such restrictions as shall be deemed necessary ;
and also,
To enter into contracts for the execution of its works,
and for the supply of its stores, or for any other neces-
sary purpose ; and also,
To sue and be sued in its common name ; and also,

To issue certificates of shares, with the date of com-
plete registration, and the particular character of the
company marked thereon ; and also,
To receive instalments from the subscribers of the
concern in respect of the amount of any shares not paid
up, and iu respect of any claims of the company ;
and also,
To declare dividends oi' the profits of the concern, if
profits there be.
10. That it is expedient that the accounts of every
such company be open to the inspection of the share-
holders ; and that the annual balance-sheet, together
with the reports of the directors thereon, be registered.
11. That existing companies, except companies incor-
porated by Act of Parliament or charter, register such
particulars thereof as the following :—The name and
purpose of the company ; the, names and addresses of
its directors and officers ; the place of its business, and
every branch office or agency ; the number and amount
of the shares of the company ; the names and addresses
of the officers appointed to sue or be sued on behalf of
the company, and a copy of every deed of settlement
or letters patent under which the company is constituted,
or is or may be regulated ; and that in respect of such
registrations of existing companies no charge be made.
12. That for enforcing such registration it is expe-
dient to provide that any such company not registered
shall cease to be lawful after a time to be appointed is
that behalf, provision being made for making this known
to the public.
13. That in order to enable existing companies to
avail themselves of the privileges to be conferred on
future companies, it is expedient to provide that if such
existing companies comply with the conditions and regu-
lations imposed on future companies, they also be en-
titled to the same privileges.
14. That for a time to be limited, with regard both to
future and to existing companies, if it appears to the
Board of Trade that such conditions and regulations as
may be prescribed by law for the government and con-
stitution of companies generally, are in any case inap-
plicable to, or inexpedient in, the case of any such comrn
pany, it is expedient to enable the Board of Trade to
dispense with or modify the same accordingly, subject to
the following checks, viz.:--
1. That no dispensation be granted or modification
made, but by a memorial made by or on behalf of the
company, setting forth the nature of such dispensation or
modification, and the special grounds upon which the ap-
plication is made.
2. That before such application be granted, it be ad-
vertised in the Gazette in the manner prescribed by the
Letters Patent Act, with regard to companies applying
thereunder for letters patent.
3. That annually a return be made to Parliament of
all such applications, and of the results thereof.
15. That for duly recording the existence of every
company, by which privileges shall have been so acquired,
it is expedient to provide that every such company shall
obtain an annual certificate within such time as shall be
appointed, under penalty of fine, and ultimately of for-
feiture, and that in respect of such certificate there be
imposed a moderate fee. _ _

16. That it is inexpedient to consider how far pro-
vision can be made for winding up the affairs of bank-
rupt or insolvent companies, by the agency of the Courts
of Bankruptcy in England, and by other Courts of
analogous jurisdiction in Scotland and Ireland.
17. That if it thereon appear that any acts have been
illegally or fraudulently committed -in the management
of such company, it is expedient to make provision for
prosecuting the directors or officers in respect, thereof.
18. That in order to prevent the use of false designa-
tions of companies, and of the names of fictitious direc-
tors and officers, it is expedient to subject offenders in
that respect to penalties recoverable in a summary way.
19. That in order to make known the principle of
joint-stock companies, provision be made for register-
ing the instances of failure, with the causes thereof, so
far as practicable.
20. That with regard to existing companies incorpo-
rated by Act of Parliament, or by charter, every such
company shall register--
The name and purpose of the company ;
The place of its business, and every branch office or
agency;
And a copy of' every Act of Parliament or charter
under which the company is constituted or is or may be
regulated.
21. And with regard to existing or future companies
hereafter seeking to be incorporated by Act of Parlia-
ment or by charter, otherwise than under the Letters
Patent Act : That when any such company shall have
obtained its charter or Act of Incorporation, it register
such particulars as follows, viz.—lf incorporated by
charter, such particulars as are required by resolution
4. If incorporated by Act of Parliament, such particu-
lars as are required by resolution 20 ; except so far as
is otherwise provided by such Act of Incorporation.
And also a copy of every Charter or Act of Parliament,
by which sucircompany shall be so incorporated or other-
wise constituted or regulated.
22. And that the provisions contemplated by the re-
solutions 5,6, 7,8, be applied to such future companies
seeking to be incorporated pr incorporated by Act of
Parliament, or by charter.
23. That the Committee recommend that her Majesty's
Government do cause Bills to be prepared for carrying
into eff,:ct the above resolutions, with such subsidiary
of the resolutions or
subjectanot herein specifically
treated),
oola
reca provisionsl
ted collateral
portions
a (whethermay
bbe
rreoecifl
therequisite
si
tge to any
that purpose.y
s
March 15, 1844.

The following is a list of the Committee, which was
nominated on the 16th of February:—Mr. Gladstone,
Lord Granville Somerset, Mr. Labouchere, Sir George
Grey, Sir Walter James, Colonel Thomas Wood, Mr.
MGiibinsoes M
n,
Crra.igli, abTras' .CrSiiprpWs, iMilira.MGCodlais'yon Mr. Oswald, Mr.
, and Mr. Young;
and on the Ist of March Mr. Lyall was added to the list.

SPIRIT of the PUBLIC JOURNALS.

FROM THE EVENIN.6I PAPERS OF SATURDAY.

GLOBE —Lord Ellenborough's career in India
has been brought to a sudden close. His Lordship
is recalled. This decisive step ought to have been
taken long since by the Government at home, which
would thus have escaped the humiliation and embar-
rassment of being check-mated and defeated by the
Honourable Court of Directors of the East India
Company. Leadenhall-street has shown itself wiser
in council and more prompt in act than the occu-
pants of Downing-street. The former have had
respect to the safety of their territory, and to the
interests of the immense body of Proprietors, whose
revenues are perilled with exhaustion, and their pos-
session of the country jeopardised by the policy,
which Lord Ellenboroiegh has pursued. The lat-
ter have looked only to their own narrow interests.
Lord Ellenborough was sent to India on their nomi-
nation and recommendation. They became respon-
sible for his acts, and their reputation, as a Govern-
ment, was involved in his proceedings. To have
recalled him would have been to pronounce con-
demnation on themselves, which would have been res-
ponded to by Parliament and the country. They
therefore justified his general proceedings; and where
they could not fully approve, they excused and ex-
tenuated. The Directors of the East India Com-
pany, unable to prevail on her Majesty's Ministers
to interfere, and to control, or recal, the functionary
whose proceedings were exciting serious apprehension
and alarm, have taken the matter into their own
hands ; and, according to the short but comprehen-
sive statement of Sir Robert Peel, have cut him
adrift
"I beg to state, that on WeJnesday last her Majesty's
Government received- a communication from the Court
of Directors, that they had exercised the power which
the law gives them, to recal at their will and pleasure
the Governor-General of India."

The same statement was made in the House of
Lords by Lord Ripon, the head of the Board of. Co-
ntrol; and with this additional fact, given in answer to
a question by Lord Colchester, that " her Majesty's
Government does not concur in the act of the Court of
Directors, by which Lord Ellenborough is removed."
Her Majesty's Goveitiment is, then, placed in collision
with the East India Company. The pertinacious
tenacity with which the Government has adhered to
its protege, has brought about a state of thinzs
un-
precedented in the history of Indian affairs, and mani-
festly calculated to weaken the influence of the
British Government of India. How great must
have been the apprehensions, how deep the anxieties,
of the Court of Directors, which induced a decision
at once unprecedented and dangerous. A choice
of difficulties was presented; and, in the exer-
cise of their discretion, the executive council of
the Hon. Company selected that which involves the
least peril to the interests of the country, the affairs of
which the Legislature has intrusted to their manage-
ment. Success in his daring enterprises seemed to
have intoxicated the Governor-General. His triumphs
were more portentous than defeats. His thirst for
conquest and his love of aggrandisement knew no
bounds. His expensive expeditions were draining
the coffers of the Company; while the iifraction of
treaties, and the seizure of territory, under any co-