The Sun.
London, England, 1827-09-20 00:00:00

part of the uourt to act on the spirit of that letter;
more especially as the Proprietors had not been in-
formed to what extent the issue of the Branch
Banks had been, or was meant to be, extended.
The GOVERNOR begged leave to state again that'
that paper was no more the act of the Court, than
of Mr. Young himself.
Mr. YOUNG said, that that statement might sa-
tisfy the mind of the Hon. Governor, but that it
did not satisfy his.
The GOVERNOR spoke in the name of the Corpo-
rate Body of the Directors of the Bank of Eng-
land.
Mr. YOUNG then supposed he was not to receive
any information from the Directors, as to the legal
construction of the Act of Parliament.
Mr. Sergeant BosANQUET then came forward and
said, he conceived the Act of Parliament gave au-

thority to the Directors to make such regulations as
they should think fit, and to act upon those regula-
tions until by' the direction of the Proprietors they
should be annulled. The original charter gave
the Proprietors this power : the recent Act of
Parliament echoed that authority, and no directions
having been given by the Proprietors contrary to
the regulation made by the Directors for the esta-
blishment of the Branch Banks, he considered the
Directors had in no way exceeded their power.
Mr. YOUNG contended that, upon the 15th sec.
cap. 46, the Proprietors were not to be at liberty to
make any such alteration in their management as they
had done,without the previous sanction of the Propri-
etors. Since the proposal had been made by the Directors
to establish the Branch Banks, there had been two
General Meetings of the Proprietors, at which not
a syllable respecting the Branch Banks had been
submitted to them by the Directors. He, therefore,
submitted that the Directors had exceeded their
legal powers, and that, besides they had not acted with
that fairness and candour which, as men of business,
was to be expected from them, towards the Pro-
prietors, in entering on an undertaking in which
not only the Proprietors, but the public at large, as
well the highest as the lowest, were most materially
interested.

. Mr. Sergeant BOSANQUET considered himself
only called upon to answer any legal questions. He
could on no account admit that the Directors had
exceeded their power. The proprietors at large
had the power of controuling the 'acts of the
Directors when they thought proper; but until
they did that it was only the duty of the Pro-
prietors to act on their own regulations. The great
proportion of the business of the Bank was done
in precisely the same manner as this Branch Bank
concern had been conductedAesides two meetings of
the Proprietors had taken place, at which they had
expressed no disapprobation of the known intentions
of the Directors in this respect.
The GOVERNOR then said,,it was consistent with
this' view that he felt the Directors had neither ex-
ceeded their power in law, nor forgotten the re-
spect due from them to the Proprietors.
A Proprietor said, if Mr. Young chose to make
any motion on the subject of the Branch Bank,
he would second it ; no, motion however of this
kind having been proposed,
The GOVERNOR put the original motion, which
was carried unanimously.
After a few words from General Sir JOHN DOYLE,
which were not distinctly heard, it was announced
that the dividend warrant wild be ready for deli-
very on the 11th of October.
- The Court then adjourned.

SHIPPING INTELLIGENCE-(THIS DAY.

FROM LLOYD'S.
DEAL, SHPT. 19.—Wind N. to N.N.E.--Arrived
the Thalia, Sisk, from Jamaica • Atlas, Reed, from.
the Brazils ; Black River packet, Baker, from Ja-
maica ; Branches, Mann, from Quebec;; Tyne, Ad-
dison, from Quebec ; Sterling, White, from Zante.
Arrived from London, the Dryad, Kellak, for the
Cape ; and Elizabeth, Cam, for St. John's, N.B.
FALMOUTH, SEPT. 18.—Wind N.N.W.—Arrived
from London, the Roselle, Morris, for Valparaiso
and Lima.
PORTSMOUTH' SEPT. 19.—Wind N.—Arrived
the Mint, Smith, from Quebec, spoke on the 18th
inst. the Lady Feversham, off the Start, from Lon-
don for Bombay.

The Cato of London was on shore on the Kentish
Knock yesterday.

MIDDLESEX SESSIONS.-(THIS DAY.

DESPERATE ASSAULT AND RIOT.-Francis
Powell, Francis Donovan, Patrick Tobin, Catherine
Regan, Thomas Reardon, John Daley, Dennis
Mac Carthy, John Donoghue, Catherine Tobin,
Jeremiah Bryant, Patrick Casey, Daniel Sullivan,
Timothy Bryant, Hannah Bryant, and James Sullivan,
were severally indicted at the instance of the Parochial
Officers belonging to Whiteehapel, and convicted
of a riot on Sunday the 9th instant, in Windmill-
court, Rosemary-lane, and also desperately assaulting
and wounding the watchman.
The Court sentenced six to twelve months, two
to six months, and four to three months' imprison-
ment in the House of Correction and hard labour.
The women were ordered to be discharged.

THE MARKETS.-(THIS DAY.)

t per .Load of )6 Trusses.)
MES'S.

HAY MARKETS.—(A
ST. JA.
X. s. X. s X. s. X. a.
Lowland Meati.Hay 3. sto 4 5 Cloves Hay 4.15 to 7 0
Upland Ditto 4lO 515 Oat Straw
Rye-grass Hay 4lO 515 Wheat Ditto ll4 2 e
New Meadow Hay 3 10 ' 4 15
A moderate supply, and a steady trade, at Tuesday's prices.

SMITHFIELD,
£. 5. X. a.
Lowland Mead. Hay 3 sto 4 5
LYtland Ditto 4lO 510
Rye-grass Hay 4lO 510
New Meadow Hay 4 0 410
A good supply, and a doll tt

.f. s. L. a.
Cloy. Hay generally 4 10 to 6 0
Do. extra tine 0 0 610
Oat Straw 1 8 110
Wheat Ditto llO 113
lade; prices as last quoted.

SALE OF THE ORIGINAL WHIG CLUB
CHAIR.—This day, at two o'clock, the above celebrated
chair was brought to the hammer at the Crown and
Anchor Tavern, in the Strand. It was put up by Cobbett
at Bd. and, after a deal of competition, it was knocked
down by Mr. Wright,. at 45 guineas. Mr. Hunt was
present, but did not bid for it. It is rather curious, it was
sold for Wilks's celebrated Number, 45.

His Royal Highness the Lord High Admiral
accompanied by the Duchess will arrive on Thursday, at
the Commissioner's (C. Cunningham, Esq.) with a large
retinue of officers, to dinner. On Friday, his Royal
Highness will partake of a dejeune a la fourchette with
the Royal Marines, and the same day they will have a
grand field day on Chatham Lines, when the new colours
will be presented by his Royal Highness ; we understand
the ceremony will be very imposing—the corps will after-
wards salute and return to their quarters.—On Saturday,
the launch of the RoyallGeorge,.of 120 guns, will take
place. In addition to the numerous Admirals, &c. we
understand the Duke of Sussex, Prince Coburg, and a
number of the Nobility, will be present, to witness the
launch of this most magnificent ship. It is not expected
the Lord High Admiral will leave Chatham before Thurs-
rday.---All the ships of war in commission on this station,
are ordered to Chatham during the stay of the Lord High
Adm ral. —Maidstone Gazette.

On Thursday morning the Marquess and
Marchioness of Donegall arrived in the steam-ship Chief-
tain from Liverpool, and immediately proceeded to Ormeau,.
his Lordship's residence, where they were welcomed with
every demonstration of unfeigned joy. The flag was hoisted
at Fort George on the Lagan, and 21 guns were fired as a
salute, after which three hearty cheers were given by the
persons assembled on the battery.—Belfast Chronicle.
BRIGHTON, SEPT. 18.—The Duke and
Duchess of LEINSTE% paid a long visit to the Duchess of
NEWCASTLE, at the Royal York Hotel yesterday. Lord
and Lady TULLAMORE were among the departures from
the said Hotel, for Hastings, this morning. General Sir
Wm. CocxßoaN and family continue their residenCe at
58, Marine Parade. Lady COCKBURN is much improved
in health by the fine air and warm sea baths of this place.
This excellent Lady we were happy to see on the Chain-
pier both yesterday and to-day for several hours.