The Sun.
London, England, 1842-03-01 00:00:00

eie
for inereasing their own. means of property and comfort.
Yet they had the proof in this institution, that persons
having individually but small sums to invest might, by
their large numbers, produce large results, and obtain
collectively and individually large profits. They
had the proof this day that when many were thus
associated their success was as certain as anything could
be under the sun. He was not there to advocate those
Associations, whose object was only to obtain high re-
turns for a small body of Proprietors, without any regard
to general utility, or to affording small capitalists a good
investment for their money.—(Hear.) It might appear •
strange that an institutian like this should be able to di-
vide so much as six, or, as was the case in the present
year, eight per cent. But it could be easily accounted for
when it was understood that the money was continually
turned in, though in little amounts—(Hear)—together
with this, that those /Wes were always taken care of--
kept continually in motion--so that like the rolling snow
ball, they grew bigger and bigger as they moved on.—
(Hear, and laughter.. made this observation because
he had seen in a r.: , • table newspaper, which always
advocated the cause e• the middle** working classes, the
- question raised as to.'` how there was so large a dividend
obtained ?" Now, he trusted that when the mode was
so easily explained, the conductors of the paper he al-
luded to would have the generositiy to acknowledge it.—
(Hear, hear.) In connection eir* -pne department of
this institution, he had an obsereatiOn to make respect-
ing the Savings' Banks.—(llear, hear.) Those banks
might be considered part of the political institutions of
this country, for they were not only established by a
specific enactment of the Legislature, but they were di-
rectly connected with, and controlled by the Government.
They were first instituted by voluntary associations such
as this, " The Westminster Loan and Investment Joint
Stock Company," and Government never gave them
any assistance until it discovered that it could
make them useful to itself, and then it was so
contrived that the depositors became, in effect, lenders to
the Government to the amount of 23,000,000/e --(Hear,
hear)—and a little ill-feeling towards this Company,
which he had the honour of addressing, might be ac-
counted for, because the Depositors or Shareholders were
their own bankers—(lkar, hear.) But he had no doubt,
for all that, that they would go on increasing in numbers,
and extending their sphere of usefulness.—(Hear, hear,)
They had no difficulty either in paying in their deposits,
or in drawing out their capital and interest. 'Whereas,
in Savings' Banks there were great difficulties in these
respects. He had known the greatest inconvenience and
suffering to be occasioned to depositors by those diffi-
culties. He had known many to be involved in expensive
and vexatious law proceedings ; and, in some instances,
lie had known respectable families to have
been entirely ruined.—(Hear, hear, hear.) In one
instance he had known a respectable family to be utterly
ruined, because they could not get out in the regular
time the sum of 43/. which had been deposited in the
Savings' Bank. The money was wanted in an emergency
to put a stop to ruinous law expenses. But when the
week's notice required by law had been given, at the end
of the week some technical irregularity was discovered,
and a week's delay was occasioned. In the mean time
an execution was put in upon the goods of the depositors
by the successful opponent in the litigation, and when
the money was at length got out of the bank, it was too
late, for the business of that respectable family was de.
stroyed and they were entirely ruined.—(Hear, hear.)
Bat in this Institution the offs es were open all
day and every day, and the deposits were
received at all times, and in the smallest sums, so that
the thrifty need not be for a day exposed to the tempta-
den of having their savings close at hand, to be dissi
Fated at the impulse of any momeetary extravagance.—
(Hear, hear.) And, besides, when an occasion arose
for the immediate employment of the money, there was
no delay iii withdrawing it.—(llear, hear.) The Learned
Proprietor concluded an eloquent and animated speech
amidst much applause.
Mr. Bretz ler, the scientific member of the Society of
Friends, seconded the resolution. Having dili-
gently examined the Institution in all its bearings
he was enabled to say, that it was in every respect
worthy of universal encouragement.—(Hear.) A great
dramatic author had said,
" Neither borrower nor lender be,
For borrowing turns the edge of husbandry."
But the result of this Institution proved that the poet
was wrong, and that borrowing and lending may be
good to both parties, and keep the edge, instead of turn-
ing it, of husbandry and every other branch of human
industry.—( Applause and a laugh.) For his part, he
had not, as yet, a large stake in the Institution, but he
had learned enough to induce him to increase it.
The resolution was carried unanimously, with cheers.
Mr. H. KEESING moved the second resolution to the
effect :—"That the best thanks of the Proprietors be given
to the Directors for the able manner in which they have
conducted the affairs of this Establishment, and espe-
cially to Ciiarles Kerry Nicholls, Esq., the Resident
and Managing Director, for the zeal and talent evinced
by him in the superintendence of the Lusiness of the
Company."
Mr. J. HOWELL seconded the resolution, which
was carried by acclamation.
Mr. Nielloees, on thelpart of colleagues and him-
self, for the honour done them by the resolution just
passed, assured them • that he would continue the
same exertions which they had so handsomely acknow-
ledged, and he hoped to be able, next year to give them a
still more pleasing account of their affairs even than that
which they had now received with.so much satisfaction.
—(Applause.)
Mr. GRADY had next to propose a resolution which to
him, as a lawyer, was very gratifying, although he could
hardly help doubting whether lie ought to be the first to
thank solicitors for making out small bills of costs—
(Hear, and a laugh)—still, as a Shareholder, he was
bound to do so. The resolution which he had to propose
was, " That the best thanks of the Shareholders be given
to Messrs. hurrays, Rymer, and Murray, the soli-
citors who prepared the Company's deed of settlement,
for the urbanity and liberal conduct evinced by
them on all occasions towards this establishment."
On looking over their charges, he was quite astonished
at their moderation. —(Hear, hear.) For three years'
work, including the deed of settlement, they had charged-
only 1501. Now the meeting would understand how
much they were indebted to the solicitors for this, when
he told them that he had known a deed of settlement of
a Company to cost 850/.—(Hear, hear)—and the fair
charges on deeds of settlement were generally so high,
that a lawyer considered one it god-send, and cared little
about any more business for the rest of the year.
Mr. FOREMAN, of Lambeth, seconded the resolution,
which was carried with applause.
Mr. Ntemsees then moved, " That the thanks of this
meeting be given to Mr. John Simpson, secretary, and
to Mr. Charles William Williams, the actuary and ac-
countant, for their zeal anti attention."
Mr. 13INHAm seconded the resolution, which was car-
ried unanimously,
Thanks were then voted with great cordiality to C.
K. Nicholls, Esq., for his conduct in the chair, and the
meeting separated.

LIABILITIES AND ASSETS OF THE WESTMIN.
STER LOAN AND INVESTMENT JOINT STOCK
COMPANY.
Dr.
To amount due by the Company on Shares,
Debentures, Current and Deposit Accounts,
including Money taken upon security........ 90,020 14 6
To balance carried to Profit and Loss Account 10,866 17 6

£ s. d,

100,887 12 0

To current Expenses, Interest allowed on
Deposit Accounts, Rebate on Bills not due,
and One-tenth of Preliminary Expenses ...
To Dividends payable on Debentures, Shares,
and Deposits for definite periods ... ........
To Surplus Profit carried to Guarantee Fund

8,566 3 0

1,780 13 6
520 1 0

Cr.
By amount in Loans, Bills discounted, and

Cash in Bank Till
........
.
By Preliminary Expenses, Advertising, Tra-
velling Expenses, Solicitor's Bill, Stamps,
Lease, Fixtures, &c...

The India steamer left Calcutta on the 11th of Ja-
nuary, and arrived at Suez the 11th of February, at 8
A.M., with the following list of passengers :—Sir R. Co-
myn, Sir Edward Kyan, Mr. and Mrs. Parker, Dr. and
Mrs. Lamb, Mr. and Mrs. Dent, Mr. and Mrs. Luke,
Mr. D. M. Farlane, Baboo Devarkananth Tagore, Mr.
R. Walker, Major Carr, Mr. G. F. Browne, Mr. Leach,
Mr. Donaldson, Captain Lloyd, Captain Hill, Mr. Free-
man, Mr. Smith, Captain Fraser, Dr. Bond, Major
Ueysie, the Bishop of Goa, Mr. Small, the Rev. Messrs.
Collisti, Bruno, Captan, and Dr. M'Gowan, Baboo
Chunder M. Chuttjee, Mr. Lieshman, Mr. White, M.
Saint, Mr. Davidson, Captain Needham, Mr. Blane, Mr.
Kaye, Mr.'Fitzinayre, Colonel Adam, Captain Fletcher,
and Captain Anson.
The mail reached Alexandria about midnight of the
14th, and was put on board the GOrgon, at 10 A.M., the
following day.
From China, in the Singapore. Free Press, extra of
Friday noon, the 25th of November, 1841, the following
is inserted :
" Whilst our yesterday's number was in the act of
being printed off, the Red Rover arrived from China,
with papers to the 9th inst., containing intelligence con-
firmatory of the reports that had been. in circulation re-
garding the operations of the expedition to the northward.
Tinghae, the capital of Chusan, was attacked and taken
on the Ist of October, with considerable loss on the
Chinese side. On the 10th, Chinhae, the seaport of
Ningpo, was carried, and on the 13th, the city of Ningpo
itself. At Amoy things have undergone a change.
Symptoms of hostility are beginning to menifest them-
selves. Captain Smith has written that he is in expecta-
tion of an attack upon his position. Sir Pottinger, it
is expected, would winter at Amoy, and the Admiral
is looked for at Hong Kong. No inese envoy up to
the 25th had been sent to Sir H. Pottinger. At Canton
hostile preparations were in progress ; the heights at
Canton were fortifying, and, forts rebuilding and
being built.
Since the receipt of the above intelligence, a volunteer
corps, 800 strong, from the Bengal 3d Regiment of
Native Infantry, a troop of horse artillery, additional
sappers anti miners, and a corps of 500 gun Lascars,
from the Madras Presidency, have been ordered for ser-
vice in China. The force is immediately to consist of
10,000 men, and to march on' Pekin as soon as the
south-west monsoon sets in.
CALCUTTA. JAN. 9.—The Earl of Hardwicke has just
arrived from China (Macao), which she left the Ist of
December. No news except the reported capture of
Hang-tchou-foo. All bustle here, embarking troops for
China ; 16 transports engaged, 11,000 tons.
The Canton Register says :—lt is becoming a sin-
gular speculation what will be the end of this bginning
of war with China? Our own opinion is, that the
Mantchow dynasty should be overthrown, another placed
on the throne, and China be thrown open to all the
world—this end, we think, would be infinitely preferable
than to possess any portion of its territory under the
present dynasty.
Great fears were entertained at Macao that the
Nerbudda transport, with 117 souls on board, had been
lost. A boat from her, with 33 souls on board, chiefly
soldiers, had been picked up. They reported that they
had left the Nerbudda in a sinking state, having driven
over a large reef off the north end of Formosa. The
boat had been eight days at sea when picked up. The
Nimrod sloop of war had gone in search of the Ner-
budda.
Several learned Chinese have just become converts to
the Gospel. One a distinguished poet, another one of
the first literary men in the empire.
(From the Chinese Repository for September.)
SEPT. 10.—An imperial edict is in Canton, said to
have been written after the despatch from Sir Henry
reached Peking, and though not made public, is believed
to be peaceable in its tenor, hinting that money and
greater privileges of trade than existed formerly
might be granted to bring about an amicable adjustment
of existing declaringdifficulties, but that no territory
can be c,dd, and severely blaming the provincial autho-
rities for their late false reports.
(From the Canton Register of Oct. 12.)
RESIIEN.—This eminent personage, it is now beyond
a doubt, has been doomed to be beheaded. Whether
the sentence will be carried into execution we will not
presume to say ; but the fact of condemnation to death
of one of the imperial clan, both by blood and marriage,
we believe, evinces the determination of the Cabinet
of P,king to hold out a toute outrance against foreign do-
mination.
MACAO.—There has been a good deal of sickness
lately in the settlement, and many inhabitants and Chi-
nese have fallen victims to a kind of influenza which is
travelling about.

TRANSLATIONS.
PEKING GAZETTES.-6th moon, 2d day (July 19).
The Imperial will has been received. I order Keshen to
be delivered over to the Great Council of the Imperial
Kindred, who are to meet with the members of the Board
of Punishments, and having determined from evidence
his crime, to record it in a duly prepared report. Re-
spect this.

The Imperial will has been received. I order that the
already degraded from being a great Minister of State,
Keshen, according to the sentence of the Great Council
of the 'lmperial Kindred, be detained in prison until
Autumn (9th moon, October 15 to September 12), when
he is to be beheaded according to his sentence. Re-
spect this.

- The Register says, that four or five English gentlemen,
attached to English firms, were still at Canton, and adds
the following :
Canton was, on the 9th inst., as open to British as to
neutral merchants. It is so now, and we think it will
continue so to be. Any British merchant will be as safe
in Canton as any neutral. That they do not choose to go
and conduct their business there is their own affair. If,
(e
obfus triees ports with
would
v o u the
l d
indeed, 'the Hons. merchants were to flatly refuse to
tbßritoce
ot ma enr cehwanqtuse,
stthioenn
based on entirely new grounds ; the truce and its terms
would not then be regarded. It is not improbable that
hraenbsacloctka any
this refusal may soon be declared ; and then her Ma-
jesty's officers will pursue that course which their duty
dictates.

(From the Canton Register.)
There is reason to think the mandarins are meditating
mischief. Captain ,in passing Napier's fort yes-
terday, saw a mandarin there, with numerous attendants,
apparently taking a survey of the place, and giving direc-
tions ; and the persons who are up to-day from Wham-
poa, report that they passed at least 200 boats (mandarin
and gun-boats), collected there. The Hong merchants
say they know nothing of what the mandarins are about.
The Hong merchants have been a little uneasy from a
report which is somewhat cnrrent, that there is to be an
edict forbidding the people to use British goods and teas
to be brought to the sea coast for sale.
A letter in the Register, signed Henry Holgate, denies
the alleged prevalence of disease at Hong Hong, says,
that there is no malaria, and that the health of the troops
is improving, none having been ordered on board the
transports. The native population is estimated at nearly
twelve thousand.

(Correspondence of the Express.)
MACAO, OCT. 13.—The mate and one of the hands of
a British smuggler were decoyed on shore, near Chusan,
and murdered by the mandarins ; in consequence of
which, we are told, the crew of several of the smuggling
vessels lauded, and with the assistance of the crew of
her Majesty's steamer Phlegethon, burnt a village and
killed all the Chinese they could get at. At Amoy
affairs remained quiet, and many of the inhabitants had
returned there. No edicts have of late been received
from Pekin.
Sir Henry I'ottinger is expected to return when the
expedition shall have gone into winter quarters, pro-
bably in the course of the next month ; and from the
tone of the proclamation issued by him, on his arrival
here, there is reason to believe that some steps will be
taken to punish the Chinese for their violation of the
treaty, in endeavouring to ;block the channels of the
river, in which they are still engaged.

THE LEVANT MAIL

The Malta Times says:l
" On Monday, the 7th, a grand fancy ball was given
at the Palace by his Excellency the Governor, Sir H. F.
Bouverie, which was attended by a large assembly of the
rank, fashion, and beauty of Malta. The magnificent
hall of St. Michael and St. George, with the adjoining
suites of apartments were thrown open at half-past nine
o'clock, and soon after they were crowded by a party-
coloured throng, in which, though the red and blue of
the army and navy predominated among the gentlemen,
there was a very fair sprinkling of characters, whilst the
ladies had dipped the pencil of their fancy into all the
hues of the rainbow in honour of the occasion."
We find the following in the Malta Times of the 15th
instant :

" A fatal duel took place on Wednesday, the 9th in-
stant, at about twelve o'clock, behind Fort Ricasall, be
tween Lieut. Adams, of her Majesty's 88th Regiment,
and Capt. Levick, of her Majesty's 59th Regiment, and
now on the retired list. The seconds were Capt. Jef-
freys, of the 88th, and Lieut. Mattel, of the Royal Malta
Fencibles. Lieut. Adams expired on the evening of the
10th, his adversary's ball, after fracturing the small bone
of his right arm, having penetrated his side. Many are
the statements given as to the par
particulars of this unhappy
affair, but we abstain from entering into any before the
result of the investigation now carried on is made public.
This unpleasant affair seems to have originated in Capt.
Levick's supposing Lieut. Adams to have insulted one
of his daughters on the last day of Carnival. Cap-
tain Levick and Lieutenant Mattel have been arrested,
and are now undergoing a trial of investigation. Cap-
tain Jeffreys is stated to have left the island on the
evening of his principal's death. This fatal event is
generally lamented. The deceased was, we are informed,
a most amiable young man, and generally beloved by
h i: brother officers. Captain Levick is a gentleman en-
joying the esteem of all the public; he is an old resident
of the island, and served many years as lieutenant and
adjutant in the Royal Malta Fencibles, and lately in