, 1869-12-02
TIE FRENCH CABLE.
General Meeting OF tho Company
Condition OF Atfuifss

SNMNAtSWA 0k
Ftom tie Lnndtn n1ity Sers, Noe 1a
A general meeting Of the Soc1ete du Cable Trans.
nllaat'qoo FIcocals was held Jesterd1v Ht the
TcEmibus Hotel Cannon ssreer, 70 reeve tne re-
per ps osca sca tns ss:'emsn OF nc
The report xas tA&en ~ read. ...
The Chairman, In tuoyitg its adoption, conzr1t-
nl.tsd tas so.tsno!dtts oo .na completion 9G Of taa
company they had ls;d aud brouaat into opera
esss H Tse soe espls co%menees t,sssn,nux n o..
esRcs on the 1s'h Of August, 1se9; u had since
continued IN Successful work1pR and, Aceord'ng
in edecNrebeaa bJ Use. Itras true toAs s,tEnt-
slncst Al insRtnafy-lanlt had been dsscoeeTed,
hut Inc Construction Company, VINO laid u down,
lint they had lett In LIE hands of the company
E.,,N0 In shares due 10 them 70 be forfeited
tt:ould the fani! b:come serious TheJ had ha1
70 neet nlsoy di1ilculties. and amongst them vs.
the misunderstanding with The. American
Government IN regard 10 the 1sndinR OF the
e.6ls On the = AmetiSa5 q sho,s Ins nrsss ana tae
iatzed With tue company, md TUG D!rectos4 had
lea.on TO KNOW that they PoxT -set also the avn
tie hosld was loN negotiating for the arrange.
n.eLt Of nl questons affecting The relations Of
lhe COMPANY with That government. AMI with
1hst be trusted he 1rrc':tg vould leave Tie mat.
trr ID tho Directors haHhs. T ~ hn1 reared IS
heir FeLefal naEAaer N PARIS 81. Conchsh ~no ~
pytfeLt nleu the ofIlce OF r1A1agcE u ttle8fHcna
uEder The convention between ali European pow
tI1, and they had entered into arrangements with
inS EGSsa Nscn sf9m tas Isl 1t
cAt:on IN this country would come untcf the HoT.
eIEn:cnt control, would lead 10 lasRr nccesGot
81 .nS se s. wortae
agreements With the AnR!o-AneEacau Company,
which sgrtemcnts of cuurde won!d be binou9
ttyen thas this campsnJ's advertisement should
tc ctplayel tn Mi TIE telegraph or1css
Anglo American o. the French cable. The re-
cettss have teen g1sdeAlt! toc1eaAn9 week by
eIaL.e then to form rome idcA or the u1t!mste
te.c of ptort to trnw that duTtug the 1rs: th.r.
TEN weeAs that had been IN operation the carr
week the 1ece'pta we're Ell In the gecond f74s;
the third. E1C40: lhe fourth. e. d6a, The 1itn,
A1.sso: lhe alIlh. c1soI The seventh, fl.slo; the
| eau helug on, Of otder, Ea,Gogs rue ntutn,
| -e1,sss: the tenth, l.G36; the cleseLth, whe1
tas h1a!AIsaean Tns rs se.la M npa on ~, q o.
rcea,b. WHICH HAs bot ezceptlcnaI, s41eha THY
colld nbw en:,ly eac1llte what rate The reccn
bore 10 the cap'iai, AID he nAd 70 don',: thai
| The 1nt sea.e Nouu ConltEue lot tone tt1e Il
| conc. ..-.-..
| Baron Emile d'Erlancer seconded the rno.!o1-
Mr. HHyward inqu'etI whether .un1eE tie nrtl
| a.H how often n1t;Isndt we're to be pain: H.
rns In iaTor OF quarterly rie,dcudt, idr b. coal,
l .
money III tue hands OF tho board from ha.:.yea. u
| hal year.
The Chairman replied that The ast,c'es s:ir0atet
for yearly. Lot hall, eary, meetings: hu- !: va
IN the power o! the shareholders at aty ti,,e on
te4ulslu0s t4sred bg The hdte1a Of !, os0 slares
10 ave Il metu.E cailet. With regard to th
rayMtht Of d!y,dtuds. It <as the intention Of tn
Ep,nIu TO btli ntu.her meeting s0ou. for thc p,1r
pose ui declaring dlviaeEd, aid It would nj ssJ
i've lhtir dtsire to dt-tFtaute The Ptonta auon q
| rGsslnle after they eane into ;heli haEds. Snt
| tefucnllJ hc explained that tho European goE sfu
ncLts rB.h only onre 10 three months, huI the n
| ce1t,ts fIcm Scx YORK wcte forwarded weekly
uEu ron Ibis source tneJ Ind noH ci,vvO o
| latd
IL Kei,y:ng 10 other question:, he added that III
Fretca receipts were rnthts Eore taaa half or tt
| whole. The future meetings. would oe held n.tc
Enteiy in Iondcn afd raflA Ttey were woEkin
; Oh fr!ctllf t1ras with the Analo-Amee;cnn Con
. pany, aud we're nlrauG;ng with them mul1
, | taElr BOOK,
The motion was carried unanimously Tne q
po:utEicnt Of L.fJ Aonck and Lotu ". Hay
| members Of the t0sr'l Nss confirmed acd tha1i
| were cofd.,i 10 both Messrs. t2llstef 11d Ds
.. ~ho wetc reappoiutcc Loadon auditors, AID
+ / S,.liuc, 1sr. autuor.
A vote OF ttalk+ 10 the ChattEan aud Diego
| svlctALy 'roL cIuuetf tie pruceeal.gss