The Sun.
London, England, 1844-04-12 00:00:00

MONEY -MARKET and CITY NEWS•
FROM THE MORNING PAPERS OF THIS DAY.
CITY, THURSDAY EVENING.
TIMS.•-•-As the holders of the Three-and-a-Balt' per
Cents. 1818, in spite of what has already been said, may
not be all aware of 1116 peculiarity of their position with
respect to the operation of reduction, it is as well to re-
peat, that if they do. not signify to the Bank of England
their assent in writing to the Government plan on or -
before Saturday, the 20th inst., they will be deemed to
have dissented.
The annual meeting of the Shareholders of the Royal
Mail Steam-pad:et Coinpany took place to-day, and
passed-01er quietly compared with previous proceedings.
'l.' lie working of the steamers is not yet sufficiently pro-
fitable to enable the-Directors to declare a dividend, but
the result of the 'Operations- of the past year is favourable
to the opinion :expressed at the October meeting, that
the eat nings'ot the Company would reach 120,000/. per
annum, subject to insurance and wear and tear. 'I he
present accounts nppe..r to contain heavy charges
for accidents and inexperience in the early career of
traiiness, and hence the absorption of a consderable
portion of the revenue veceitoel. However, as all ottt-
standing claims accruing from past transactions hate
been satisfied, the service of the present year will com-
mence free from such liabilities. In conformity with the
resolution of the last general meeting,' the insurances
upon vessels' have not been renewed, and henceforward
it is intended-to set apart annually. the sum of 25,0001. to
meet any loss that may arise in this respect. The
Directors offer no estimate as to the amount of surplus
likely to accrue during the current year, yet they say they
are clearly of opinion that a considerable sum will re-
main applicable to the liquidation of debt, to the
replacement of capital, or the payment of a divi-
dend. The sum remaining due by the Company for
loans is 70,0001., which it seems is a decrease of 50,000/.
since the half-yearly meeting in October last. There
was little discussion of an interesting character to-day,
but pointed_ reference was made to the large amount of
34,1891. 17s. 7d., proved for by the Directors against the
estate of Messrs. Acrarnan and Co., being the difference
between their contract price for the Avon and the
Severn, and-the sum paid to them for and expended in
finishing those vessels. With respect to the desire ex-
pressed by several of the shareholders to be put in pos-
session of simplified accounts, it was promised on the
part of the Directors that attention should be given to
this subject, as also to proper economy in expenditure.
The report • was adopted unanimously, and there ar.-
peared to be a much more friendly feeling among the
shareholders, who now appear shortly to expect some
return for their invested capital.
SUN.—After the slight reaction of the morning, oc-
casioned by a few sales to realise upon the great ad-
vance, the Consol Market closed with some firmness at
looi to f ; .Exchequer bills supported the rise, and the
New Three-and-a-Half per Cents. rallied to 104; India
Stock was 294 to f '
Spanish Active Bonds closed at 261 I - the Three
per Cents. at 371 ; Mexican, at 36; Ureelx at l6f 1,-
' Brazilian, at '801; Peruvian, at 30f to 31; and Dutch
• Two-and-a-Flail per Cents. at an improvement to elk.'
' The additional transactions in Railway Shares have
been these :—Chester and Holyhead were 21 ; Great
' Western, 35 ; Birmingham, 136 to 135 ; Dlanchester
and Leeds, 43i ; South Eastern, 1 ; York and North
Midland, 68 ; and Paris and Orleans, 15i to 154 pre-
I mium ; Eastern Counties have been 104 ; and
' Strasburg and Bale, 21 to '1 discount. London Joint-
stock Bank Shares were 31 ; and Provincial of Ireland,
New, 7 tol premium.