Star.
London, England, 1828-10-01 00:00:00

;.1

November, as aanousfted in the ia•s ur.svesed
day. It will be satisfactory to the pi opt:seta's to tree ive
at this, perald -a general view of the state of the finances.
Of t',e 150,0001. subscribed capital, calls have been
made to the amount of 97•5001- and 10-9501. have heeo
paid in full, including donations. With these funds the
Council have paid 90,0001. for the land, 49,0961.t0waris
the building, 5,7481. for collections of philosophical ap-
paratus, anatomical preparations, books, &c.and 4,8911.
for expenses of management, including printing, ad ver•
tisements, &c. from the commencement of the institu-
tion, leaving 20,7151. as the balance of the calls prior to
this date ; and a further call. of 10 per cent. or 11.8701.
will be due on the 15th of-November. Thus it appears
that the sum of 87,7551. has been piid by the Council,
and that 62.2651. remain at their disposal.
66 With this capitalahe Council will pay all their en-
gagements, will provide whatever is necessary for ef-
fective teaching in every department comprehended in
their present plan, and there will be It ft a sufficient sum
to meet all probable contingencies. But to enable the
Council to place the University on the broad basis ori-
ginally contemplated, and to effectuate all the objects
which the Proprietors have been anxious to attain, it is
highly desirable that the disposable capital should be
increased by further shares being taken, and it is hoped
the Proprietors will spare no exertions to accomplish
this end, and to obtain donations. No effort will be
wanting on the part of the Council, but it is obvious,
that arching can be so effectual as each Proprietor
giving his individual aid.
" The time is now arrived when the Proprietors may
safely appeal to the public for their support and pro-
tection. All preliminary difficulties have been overcome,
and they can confidently offer to the metropolis and its
vicinity ready and effectual means of acquiring that
knowledge and instruction which bitheiti, upon read
sonable terms, and at a convenient distance, has been
unattainable. No pains have been spared to select the
most able and efficient .profrroors, whose emoluments
will depend uponthe issue of their own exertions ; and
as trirr it and character alone, have placed them in the
chairs, there is .every reason to entertain a well-grounded
hope that they will fulfil their various duties with zeal
and ability, with credit to themselves and advantage to
their pupils. Every day% experience tends more strongly
to convince the Council of the urgent necessity for the
establishment .of such an institution, of the great and
obviously increasing demand forinstruction, and of the
expediency of removing ail barrier; to its attainment in
the most economical and convenient method."
;The. puke of Sommer rose to move that the Report
bikapproved, which, he said, could not have failed to
glee satisfaction to every well wisher of literature and
agenCs.:"The exertions which had been made by the
Coueeil were quite astounding; and every praise was
due;:to them and to their officers for what they had
achkeyed. The cause was worthy the exertions
which bad been made; and the object which the
prbprierots had in view afforded ample compensation
harthe sacrifices which had been made to attain it.—
By- their exertions a place of general instruction
bad been erected at so early a period for-the bene-
fit of the youth of. their great metropolis. As a proof
of the, high opinion which be had of this institution, be
Would inform the meeting that he had for some time
entertained the design of sending one of his own sons
to-participate in the great advantages of this University
--(Cheers). His Grace concluded by moving that the
Report be approved and printed, and circulated among
the prop' ietor s.
The Reverend Mr. SHEPHERD seconded the motion.
The motion was carried unanimously. •
Dr. LIISHINGTON said that he 'had been desired to
inforkt the Meeting that a distinguished individual, who
was a member of the Council, and who bad been pre-
vented from attending by indispositionihad sent a letter•
apologising. for his absence, which Mr. Horner would
raid to the Society. •
Mr..-4, HORNER then read the following letter frost
Bfr.. Brougham:
. • " Branham Hall, Sept. 27.
• ii'Sta7J regret epremely that I cannot attend the meeting upon
Tuesd'Ay, vritiiout abridging my vacation more 'ban the state of my
beDith stilt renders 'advisable ; but I csonot refrain from congtatula-
ting the. Council and priiprietors upon having conducted the great ob-
ject °roar carerto as present stateof maturity. That the means of a
comnleteasademinal education upon the soundest principles of uni.
vet sal ailatussion will nowlie secured to the inhabitants of London and
its• pei Abed, can no longer admit of • a doubt • and I look for-
waft to the istablishment Of another histitulion, arising out of oars
byjacreasing those means in the same way that the National School:
have so greatly promoted the system of ekmentary education
gap h the British and Foreign,Society. The• rivalry of the two
seWhlTelf will be talutary to both, and useful to the community
not the any true friend to either regard the other with any. un-
" I have the honour tole,
" Your obedient -and faithful servant,
T. Bottler, F.sq." " H. BROUGHAM.
Con the motion of Dr.Luanniczon, the thanks of the
Proprietors were voted to Mr. L. Horner, the Warden,
for. the zeal, talent, and industry with which be had
carried into effect the instructiors of the Council.
Mr. L. HORNER britfly returned thanks.
On the motion of Mr. HALLAM, a-vote of thanks was
given to Dr. Lushiogton, who made.a suitable acknow.
lodgment for it. Thanks were also voted to the Council.
:The Meeting then broke up, and the Proprietors dis •
persedithemselves through the different parts of their'
extensive building.