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THE NORTHERN STAR ,__.______ September 6...
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OSE TO THREE POUNDS PER WEEK "WITHl CERTAINTY REALISES.
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Eo wommoimiw
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N. F., Derby.—In the absence of Mr. O'Co...
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THE NORTHERS STAR svi'»J«»AV, SJU'l'KusjjJi; (j, |S51
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WINDING UP OF THE LAND COMPANY. On the 7...
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Transcript
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
The Northern Star ,__.______ September 6...
THE NORTHERN STAR , __ . ______ September 6 , 1851 .
Ose To Three Pounds Per Week "Withl Certainty Realises.
OSE TO THREE POUNDS PER WEEK "WITHl CERTAINTY REALISES .
Ad00407
TUTU , ALLEN WOOD , who for Twenty-J . VX three Years superintended an establishmeat emp loying upwards of 200 persons of bo h sexes in varinus JrancheB , will forward , by return of post , Six valuable methods of earninc , by ordinary industry , one to three pounds per week , without the outlay of a sovereign or a hilling risk . Address . Atr . A . Wood . ICO , High-street , Rochester , enclosing a directed envelope , and thirteen postage-stamps . Up to this day , Sept 4 th , near One Hundred Testimonials liave been received , all expressing great satisiaction . This weelc threenew methods , making nine . Intending Emigrants to Australia and America should not be without them .
Ad00408
TVEAUTIFUL HAIR , WHISKERS , -P EYEBROWS , & c „ maybe , with certainty , obtained * yusing a verv small portion of ROSALIE COOPELLE'S PARISIAN POMADE , every morning , instead of any oil or other preparation . A fortnight ' s use will , in most initances , show its surprising properties in producing and curling Whisliers , Hair , & c , at any age , from whateri cmse deficient ; as also cheeking greyness , & c For ckua " ren it is indispensable , forming the basis of a beautiful fcead of hair , and rendering the use of the small comb unnecessary . Persons who have been deceived by ridiculously named imitations of this Pomade , will do well to make one trial of the genuine preparation , winch they will jiever regret Price is . per pot , sent post free with instructions , & c , © n receipt t-i twentyibur stamps , by Madame COUPELLE , Ely-place , llolborn , London . Impokxast Xoiice . —None is genuine unless the signature * Uosaiie Codpelle , ' is in red letters on a white ground on the stamp round each package of her preparations . TESTIMONIALS , the originals of which , with many others , may be seen at the establishment .
Ad00409
HEALTH VTHEUB 'TIS SOUGHT ! HOLLO WAY'S PILLS . Cure of a . Disordered Liver and Stomach , when is a most hopeless state . Extract ofa Letter from Mr . Matthew Harvey , of Chapel Hall , Airdrie , Scotland , dated the 15 th of January , 1850 . 5 nt , —Your valuable pills have been tlie means , with God ' s blessinz , of restoring me to a state of perfect health , and at a ante when 1 thought I was on the brink of the grave . I had consulted several eminent doctors , who , after doing what fliey could for me , stated that they considered my case as hopeless . I ought to say that I had been suffering from a liver and stomach complaint of long standing , which during the last two years got so much worse , that every one considered my condition as hopeless . I , as a last resource , got a box of jour pills , which soon gave relief , and by persevering in their use for some weeks , together with Tubbing night and morning jour Ointment over my chest andstomach , aud right sidej I havo by their means alone got completely cured , and to the astonishment of myself and everybody who knows me . —( Signed ) Matthew Habvev . —To Professor Holl » wat .
Ad00410
Jatt Published , IN NOS . AT ONE PENNY EACH , HE EHfiRMTB GUioFTO THE GOLDEN LAND 1 A T IT ? OR- ™ 1 - J rrfpASTHISTOUTs ITSPRESBNX POSITION ; ^ * S 5 ^ S 2 SS ? SUTUn iSCOVEBY ^ OF THE GOLD RL 6 I 0 N , THE SUBSEQUENT IMPORTANT PROCEEDINGS . In tbe course of the work wUlbe given PLAIN DIRECTIONS TO EMIGRANT CALIFORNIA , OR THE UNITED STATES , OB TO CANADA ; AUSTRALIA ; MEW ZEALAND , OB AST OTHEB BRITISH SETTLEMENT . SHEWING THEM MEN TO GO . WHERE _ T 0 GO . HOW TO GO So . 1 , and No . 3 , will be Illustrated with RICHLY COLOURED ENGRAVINGS . . nd numerous Engravings , all executed in the moi finished style , will illustrate subsequent Numbers .
Ad00411
In flbs . at One Penny each , splendidly Illustrated , A HISTORY OP THE DIFFERENT EXPEDITIONS ENGAGED IS THE SEAECH FOR SIR J . FRANEIN COSTAJH 1 SO ALL THE RECENT VOYABES TO THE POLAR REGIONS . Including in particular the . Expedition sent out under the command OF SIB JAMBS BOSS TO DAVIS' STRAITS AND Of Commander Moore and Captain Kellott , to Behring ' s Straits . With an authentic copy of the dispatches received from SIR GEORGE SIMPSON , OF THE HUDSON'S BAY COMPANY With other important and highly interesting information relative to the Expedition under SIR JOHN FRANKLIN . Compiled from various Official Documents , and Private Communications , By the Late ROBERT HUISH , Esq .
Ad00412
Norn Publishing in Nos . at One Penny each . By lhe Authoress of' The Gipset Gibl . ' Each Fens ? Nombeb of this Novel will contain Sixteen Pages of solid print . T « HE TRIALS * OF LOVE ; WOMaN's ' rE ^ ARD : BT Mas . H . M . LOWNDES , ( Late HANNAH MARIA JONES , ) Authoress of 'Emily Moreland , " Rosaline Woodbridge , ' ' Gipsey Moflier , ' Scottish Chieftains , '' Forged Note , ' ' Wedding King ; ' ' Strangers of the Glen ,, ' Victim of fashion , '' Child of Mystery , ' etc . OPINIONS ON THIS WORE . 'After a long silence we again welcome—most heartily welcome—this delightful Authoress , who comes before us with one of those heart-stirring , soul-exciting Tales , that none but herself can produce . When we say that the
Ad00413
A CHEAP ORGAS fOR TUB TRADES II Men of the Trades . ' ! ! BEAD NOTES TO THE PEOPLE , publishing every Saturday , containing forty columns of close print ( besides wrapper ) for Two Pence . El
Ad00414
BLAIR'S GOUT AND RHEUMATIC PILLS . The following testimonial is another proof of the great efficacy of this medicine . 157 , New Homl-street , London , October l * 2 tli , 1850 . Sra , —In acquainting \ ou with the great bero-nt which 1 have experienced hy taking Dlaik ' s Gout ar . d Rheumatic Pill ' s . I f-el that I am but performing a duty to that portion of the public who may be similarly afflicted . About twenty years since I was first attacked by Rheumatic Gout in my hands and feet . I had previously been subjected to every variety of climate , having served iu Canadain the 13 th Dr . igoons , and in Spain under Sir John Moore , in the 18 th Hussars . I always procured the best medical aid , but without obtaining any essential relief , and my sufferings can be appreciated only by those n-ho know something of this disease . It wa ^ during one of these paroxysms , between twelve and thirteen years go , that I was recommended to try Blair ' s Pills . I lost no ti ne in procuring a box , and before I had taken that quantity the pain had entirely ceased , and in a few days I was iu perfect health .
Ad00415
Blair ' s Gout and Rheumatic Pills effectually cure every description of gout , rheumatic guilt , rheumatism , lumbago , tic doloreux , pains in the head or face , & c . They are recommended to the afflicted with a confidence , arising from experience , as one of the valuable results of the m i roved state of medical science , and the only efficient remedy ever discovered for these disorders . The continued authenticated proofs of decided approbation sent , unsol . cited , to the proprietor , from all parts of the kingown , and from all classes of societv , with a rapidly increasmK sale , and demand for them " at home and abroad unparalleled , fully warrants the as uranre that no person suioect to such complain s will , alter a trial , ever be with-„* , ' , bum "i a 11 medicine venders . P : ice - Js . 0 . 1 . ro « don ' n , r ' CBame 0 , Tll 0 ? nasl > rouf . " . " Strand , i . ouao « 'on the government stamn .
Ad00416
THE CRYSTAL PALACE . The following Engravings of this unrivalled edifice , are now ready , aud may be had at this Office : — I-View of the Exterior of tlie Building ; a magnificent print-two feet long—exquisitely engraved ; from a drawing furnished by Messrs . Pox and Henderson ; and consequently correct in every respect . Price only Sixpence . I T —Proofs of the Same Print , printed on ' thick ; Imperial Drawing Paper . Price One Sm MANO . III . —The Same Print , Superbly Coloured ; on extra Drawing Paper , and finished in the most exquisite style , Price . Two Shillings jind Sixpence .
Ad00417
NOW PUBLISHING , In Weekly Numbers , Price Only One Penht Each , and Monthly Parts , Price Fourpesce Each , CHEAP VALUABLE and POPULAR STANDARD WoRKS , Illustrated with BEAUTIFUL STEEL ENSUAYINGS . 1 . —THE ARCTIC REGIONS , or the Lost Mariners , being a Search after Sir John franklin , including an account of all the Vovases in Search of the Missing Ships , both Instructive " and beautifully Illustrated with Portraits of Sir John Franklin , l ' arry , Itoss , Beechey , Back ; Views , & C . l-STURU'S MORNING DEVOTIONS , for every Day in the Year . 3 —EVENING DEVOTIONS , for every Bay in the Year . 4 . —STURM'S CONTEMPLATIONS , on the life and suf . ferings of Jesus Christ , in Instructive and Devotional Exercises , 5 .-BUNYA 1 VS PILGKIM'S PROGRESS , with his Divine Emblems .
Ad00418
m H 0 M A S COOPER , X Author of 'The Purgatory of Scicides , ' die , Delivebs Orations on the Following Subjects : — Tho Genius of Shalwpeare , as displayed in his ' Hamlet ; ' with Readings ami Recitations from the Play , the Music of Ophelia ' s Songs , & c . The Life and Genius of Milton ; with recitations from 'Paradise Lost , ' tfce . The LtfvJ and Genius of Bums ; with the Music of some of his Songs , Recitations of ' Tarn O'Shanter , ' & c . The Lite and Genius of Byron ; with Readings and Recitations from his Works . The life and genius of Shelley , with Readings and Recitations from his works . Civilisation : What it was in the Past—what it eft '< cts for Man in the present , aud the universal Human Happiness it must produce in the Future . Tho English Cunimouweufth : Founders of the Struggle-Coke , Selden , Elliot , Pym , Hampden , & c—Despotism of the King , and Tyranny of Laud—Civil War—Death of Hampden—Battle of Nnseby—Imprisonment . Trial , and Execution of Charles 1 st . The English
Ad00419
INDICTMENT FOR CONSPIRACY TO npplrr iti ? WACKS . TRIBD AT STAFFOKD ASSlKEs o « the Km OF JULY AXD TWO FOLLOWING D \ y " E . Perry v . Duftield and others , and H . and G . li 1 'Vrrv u Rowland aud others . ' This day is publinlmu , DART I ., Price Threepence , ( Demy » vo ) A ofa Verbatim Report of the above important Trials printed from the short-hand notes of Mess ^ . I od , 4 s ind HILbett , who were specially retained for the eccnsion Printed and Published by Messrs . Shaw and Son , I ' etterlanc , aud may !« . liiid ol Mr . George Grecnslade Smm-pHvito the Central Deforce Committer at the » Si iUn om L-ailc-y , ol the secretaries of the various Trades' Socie'ies throughout tlie empire , and of all Booksellers in ( own -ind country .
Ad00420
nO LOSSAL GLOBE . \ J Me . Wtmj ' b Large Model of the Earth , la fceiceaterjguwe , London , is now open to the public every day in the week , from Nine o ' clock in the Morning nutii Ten o ' clock at Night . Admission , One Sniixi . vo . Explanatory demonstrations every half-how .
Ad00421
NE R V O TJ S N E S S , with » U its attendant miseries , cured . Advice Gratis : by letter only . Address , Mr . W . Pbeece , Coy . church , Bridgend . N . B . —A certain cure for sore eyes , sent free for seven Postage stamps . Galvanism and Electricity taught .
Ad00422
NATIONAL OH ARTE a ASSOCIATION . Office , U , Southampton-street , Strand . 11 HE EXECUTIVE COMMITTEE . hereby announce tbe following meetings :- * On Sunday next , at three o ' clock in the afternoon , an aggregate meeting of the metropolitan members will be held in the Coffee-room of the John street Institution . On Sunday evening next , the late Crown and Anchor locality will meet at the White Horse , Hare-street , Bethnalgreen . anda leotvnewill be dilivered by Mr . Sv . Davis . Subject : ' Papal Aggression . ' Discussion invited . On Sunday evening , at the Literary and Scientific Insti . tution , John-street , Mr . Henry Knight will lecture . On the same evening , at the Literary and Scientific Institution , Leicester-place , St , Peter ' s-terrace , Ilattoiigarden . Mr . Samuel Kydd will lecture . Subject : 'Government Persecutions . ' On the same evening , at the Ship , High-street , Great Garden-street , WhitechapeJ , a discussion will take place . On the same evening , at the Woodman Tavern , Whitestreet , Bethnal-green , a special meeting of the Locality will be held . The members of the Library are also desired to attend .
Ad00423
& REAT NATIONAL STANDARD THEATRE , opposite the Eastern Counties Railway , Shoreditch . The largest and most elegant Theatre in Loudun . Proprietor—Mr . Jons Douglass . Great hit of The Pilot ' s Son ; which ia received nightly with the greatest approbation . Second wei-k of Mr . Johil Rouse , the celebrated Comic Singer and Provincial Comedian . First Night of Yaromee the Yager , in jvhieh Mr . Howard wUl appear . Revival of Tom and Jerry , with a powerful east . Forty-eighth night of The Trials and T-i umphs of Temperance . The Grand Oriental Romance , Chi ClmAU , the Brown Fiend ; or , Tne Charmed Pirate and the Magic Bracelets , will be produced immediately , on a scale of splendid magnificence .
Ad00424
SOLE LESSEE , MB . C . J . JANES . QUEEN ' S THEATRE . Pnprecedented attraction and continued success !—The popularity of this unique Establishment is unbounded ; visitors nightly throng to witness the trul ) excellent and unrivalled Entertainments . '—Third week ol the new Drama of the Kaffir War , which nightly attracts crowded audiences!—Revival of the beautiful and pathetic Drama of Susan Jlopley , with all its original effeets , introducing the famous set scene of Waterloo Bridge y Moonlight [—First night here of a new Farce , entitled bey you wouldn't Mention it . On Monday , aud all the week , The Kaffir War : characters by Messrs . E . Green , H . Chester , Burford , W . Philips , Burroughs , Randall , Dean ;—Miss M . Huddart , Miss C . Gibson . Miss Rivers , Miss Warde : and ( Wednesday excepted ) I beg you wouldn't ifention it : to conclude wiih ( Wednesday excepted ) Snmi JJoplty ; George Wemorden , Mr . E . Green ; William Dean , Mr . H . Chester ; Sam Spraggs , Mr . Dean . On Wednesday , a change of Performances , for the Benefit oi Mr . S . East .
Eo Wommoimiw
Eo wommoimiw
N. F., Derby.—In The Absence Of Mr. O'Co...
N . F ., Derby . —In the absence of Mr . O'Connor we arc unable to give an answer to the proposals contained in your note . P . M . M'D ,, Ashton , —We must decline the insertion of an exparte statement reflecting upon ths character of par . ties unknown to us . A letter signed 'ltoberspeire Alurat , ' addressed to Mr . O ' Connor , lias been opened by us in the absence of that gentleman . It is as disgraceful in sentiment as . it is abominable hi composition , and it is tlie indulgence in such atrocious and detestable suggestions and opinions which has made democracy the fear or the scorn of honest educated men . The threats of assassination levelled at Air . O'Connor , because lie has consistently reprobated the destruction of life and property , by such infernal means as those pointed at , are the highest testimony that could be paid to the political character of tkntgcntleman . AlPHA , Stockport—We cannot find room , and the subject lias already been very fully discussed in our CO umns . J . 11 . CoiA-E—You will see , by our leading article this week , that the Directors have no power to return money to subscriberc
AlELiTiH , Dalston , Cumberland , is -thanked for the warm sympathy , exhibited f .. r Mr . O'Connor ' s twins position at the present moment , but we doubt the proprietyof publishing such an appeal j ust now . Mn . T . Cooper ' s Lecturing Tour Communications intended 10 reach Mr , C . on Monday or Tuesdav next should he addressed , 'Care of Mr . Chalmicr , 'JG , Billon-Street , Yorkshire , '—On Wednesday or Thursday next , careof . Mr . Veatcs , 9 U , O .. boi' 11-street , Hull—On " Friday Saturday , or Sunday , 12 th . istli , or Hth , inst ., « care of Mr . John Holmes , draper , Neville street . Leeds ; ' after these date ? , ' cure of Mr . Councillor Ironside , Shrfnsld . ' J . lUrtEi-, Cray ford .-Apply to-Mr . Shorter , secretary to the Society for Promoting Working Men ' s Associations , 76 , Charlotte-street , Fitzroy-square , A letter addressed to Mr . Leach , at Mr . Able ileywood , Oldharu-strect , Manchester , will hud him . B Pilling , Padiham . —We perceive that the faets-contnined in his communication are embodied in Mr . Evntst Jones- 's report to tlie executive , but we . shall always be happy to hear from our Padiham friends .
The Northers Star Svi'»J«»Av, Sju'l'Kusjjji; (J, |S51
THE NORTHERS STAR svi' » J «» AV , SJU ' l'KusjjJi ; ( j , | S 51
Winding Up Of The Land Company. On The 7...
WINDING UP OF THE LAND COMPANY . On the 7 th of August tho Royal Assent was given to an Act to dissolve the National Land Company , and to dispose of the lands and property k'lougirjg to the Company , aud to wind up tho undertaking . Tho causes which have led to this melanchol y termination of a highly laudable experiment and
enterprise ; are too well known to our readers to need recapitulation , but for the information of tho many thousands of persons interested in the matter , we think it desirable to present an abstract of the provisions of tho Act , together with such information as we have been able to obta i n respecting the present position , an ( j future prospects of the Company ' s affairs . Tho preamble recites briefl y but accurately the origin and iwogrew of the Company , from its first establishment in 1845 , under the title of tho '
Ciiartist Co-operative Land Society ' down to the last futile attempt to procure the legalisation of the Companv . Had there been no other cause for its dissolution ; that would have-been sufficient , and its promoters were , therefore , compelled to act upon tho suggestion embodied in the report of the Be lect Committee of tho House of Commons i „ 18 W , und appl y for legal powers to dissolve the Company , aud wind up iia affaire lhe Act declares the Company to be abso-
Winding Up Of The Land Company. On The 7...
lutely dissolved . All transactions in regard to the undertaking prohibited hy the Corresponding Societies Acts , the Lottery Acts , the Act for the Registration of Joint Stock Banks , or the Act for the Registration of Joint Stock Companies , in which the Company might have been engaged , are declared valid , and all parties concerned are exonerated from penalties under any of these statutes , while the purchases of real or personal property , made by Mr . Feabgtj bO'Cc-HKOU ov any other person , with the fundsof the Company , are deemed to have been made in trust for it . Sales of portions of the estates having been made by Mr . O'Connor on behalf of tho
Company , the particulars of these sales are inserted in a . schedule , and the sales themselves declared valid and confirmed . The bona fide purchasers of these pieces of land are declared to be entitled to the lands and hereditaments conveyed to them from the times and dates of their respective purchases and conveyances , and to possess all the rights of proprietors over them , free from all trusts , liens , titles , rights , and demands whatsoever , either of the subscribers to the Company collectively , or of any allottee or allottees , or those claiming an account of such allottees . The liens or claims for unpaid purchase money by the Company , or rent in arrear to it , are however reserved and retained .
The fourth section of the act gives power to Mr . O'Connob , or any of the subscribers to , or claimants upon the Company , to petition the Court of Chancery to wind up the Company , and the Court is thereupon to make an order absolute , referring it to one of the Masters to wind up its affairs under tho provisions of the act . The order absolute on such petition to bo advertised in tho same manner as orders under the Joint Stock Companies Windingup . Act of 1848 . The person on whose peti ^ tion the order is made is required , without
delay , to carry in the samo before tho Master , who is thereupon required to appoint an official manager or managers to wind up the Company , in the same manner and with the like effect as if the Company had been legalised by the Joint Stock Companies Windingup-Acts of 1848 and 1849 . The Master , however , in carrying the act into execution , may vary the usual course of proceeding as the peculiar circumstances of the case may require . All the powers vested in the Master may be delegated by him to the official
manager , The seventh section of the Act enacts , that no person who has received monies on account of shares in the" Company shall be accountable for the same to the subscribers , but shall only be liable to the official manager for his application of the same as part of the assets of the Company . Promoters and members are released from all personal responsibility for the repayment of shares or interest thereon .
The Master , and'the Official Manager , under his sanction , are empowered to make reasonable allowances in passing the accounts of persons accountable for any part of the subscriptions or assets , and in particular to allow all payments , expenses , and engagements made on behalf of the Company , which would have been allowed had it been legally constituted andin full operation , and the party makingsuch payments or entering into such engagements had been the proper officer duly authorized . The ninth section defines the position uf allottees who prove their titles to allotments ,
and who may take leases or conveyances of the same . Upon paying- such a rent for their pust occupation as the Master may consider just , after making an allowance for the subscriptions paid by the allottees , they are' to have an equitable title to their allotments in fee simple in possession , subject to the payment to the Company and their assignees of a perpetual fee farm rent charge fixed by the Master , calculated according to the actual value of the allotments at the time of fixing the rent . This is a most important and exceedingly valuable provision for the
allottees in . possession , as it enables them to retain the holdings upon which they have expended labour and capital during the last few years . The official manager , and the trustees of the Company—on the conditions being complied with—are to execute , at the expense of the allottees , a lease renewable for ever of their allotments , subject to the fixed rent charge , and to a condition for re-entry , if any part of the rent be in arrear for more than a year . The lands sold will be subject to the right of such allottees . Those who retain their allotments , are not to be entitled to any dividend out of the assets of the
Company . These assets , as they are realised , are to be applied , in the first place , towards paying the costs of obtaining the act , and , in the next place to the payment of the debt ' s of the company by way of dividend , or otherwise , as the Master shall direct . After all the debts of the Company are discharged , the surplus is to bo divided among the persons or their representatives who—with the exception of the allottees retaining their allotments—have at any time since the undertaking was projected , paid monies on account of shares , and who
prove the same before the Master , within the time and iu tho manner appointed by him . The dividend will of course bo rateably aud in proportion to the amount of their respective subscriptions . Monies paid for copies of rules and contributions towards expenses or management , under the name of' Directors Levy' or 'Expense Fund , 'or otherwise , aro > not to be considered part of such subscriptions and arc not recoverable , by any subscriber , though the persons who received ' such monies are accountable to the official manager for their application of the same .
If , within three months after tho advertisenient of the order in Chancery , any holders of allotments give notice to the onicial manager in writing , relinquishing all title to their allotments , and claiming compensation for expenditure and loss in respect thereof , The official manager ( under the direction of the Master ) is to proceed to ascertain , by the best and most economical means in his power , whether , and to what amount , the value of the labour and capital , expended by such allottee , on his allotment , and other the loss incurred by him , by reason of his occupation of such allotment , have exceeded tho
value to such allottee of his occupation thereof , and the advances of aid , seed , stock , or goods , made to him out of the funds of the Company aud after payment of the costs , charges , and expenses , and debts hereinbefore directed to be paid , a dividend upon the amount of such excess so ascertained ( if any ) shall be paid to each such respective allottee out of the clear surplus assets of the Companv rateablv and in proportion to the amount of B " « ch CXCCES of his expenditure and joss in the same manner as is herein , directed concerning dividends upon subscriptions , and as if the amount of such excess of expenditure had been part of such allottee ' s subscriptions : Provided always , that no allottee agaiusk whom anv action ' of
ejectment has been or shall be brought in respect of his allotment shall receive anv dividend , either on the amount of his subscripturns or on the amount of any such excess of expenditure as af resaid , until ho shall hare nrst repaid all such costs and expenses ( if anv ) occasioned by his refusing to give up possession of his allotment to the person or persons egally entitled to the possession thereof as liave been or eventually shall be paid out of the assets of the Companv . '
lhe Master , may postpone advertising for subscribers to come iu and prove , until the surplus over the payment of cos s , expenses , and debts is ascertained ; and , if he thinks lit , may direct that any such claims , as well as those of creditors of the Company , shall be proved before any Commissioner in tlie Court Of -Bankruptcy , Comity GVjrt
Winding Up Of The Land Company. On The 7...
Judge , Master extraordinary in Chancery tiT official manager , or any Commissioners ' pointed by him for that purpose . Uponn ?" proof of the claim he may direct that ol i ? subscriber shall be provided with a certifiV t of the amount proved , in such form and to h issued ,- signed , and counter-si gned , as he m think proper . Tho Master is also to m , P orders as to the mode and places of pavrn of the dividends on such certificates eiff ? their bearers , or holders , or endorsers ,. \ ° shall think fit $ he is to limit the time ;? u ° which such dividends shall be pavablo n 5 enerallprovide for the proof and
g y mmZ of claims upon tho surplus assets after „ a . ments of costs and creditors , as he may tin v fit . No certificate or any endorsement assignment thereof is liable to stamp dut ^ And , finally , the Master is empowered to dip * that any part of the assets of the Company shall be invested in the pursuauce of Exe quer bills , to bo deposited in the Bank of E !!" land to the credit of the official mam , ceX account ; and from time to time to direct th sale of such Exchequer bills , the proceeds if such sale to be paid into the same Bank to the credit ot the said account
It will be seen by the foregoing abstract that the act has been framed witlA 2 regard to the varied positions and claims o the parties interested in the Company cither as creditors , allottees , or subscribers Both in equity and in law the creditors of tho Con , pany come in first for the full payment 0 f their debts before anything can be divided among the subscribers , Tho allottees ! , nv been dealt most fairly with , ' by being allowed the alternative of either securing a lease at a fixed rent , renewable for ever , or of relinquish ' , ing their respective holdings , and receiving full compensation for any labour and-capita ] they may have expended upon them bevoml
what has been advanced to them by the Company . All the preliminary steps required b y th * act for proceeding with the ' / Winding-up ol the affairs have been taken b y Mr . Rc-BEHTs . the Solicitor who carried the bill through ]> ' . liameut . Immediately after the act was passed , a petition was presented by 3 \ h \ O'Connob—an order absolute was made forthwith , referring the Winding-up to Josbpp HUMPHREY , Esq ., a Master in Chancery . A ' Vacation Order ' was also obtained , so that
no delay might he caused by the ' lorjn- vacation ' and under the official manager steps will probably be immediately taken to dispose of those portions of the estates which are directly available , either from their being m ; oci cupied , or free from any disputed or conflicting claims . It is , we understand , anticipated that the first sales may bo effected in the course of two months from the time of the appointment of the official manager , which , it is said also will be a favourable time for land sales . As , however , we presume but a small
portion of the estates are in the position to he dealt with so speedily , it is clear that the proceeds of the first sales will not in any way be available to shareholders . It is exceedingly desirable , for the interests of the subscribers as well as for their own , that the allottees should in one of the two ways open to them , facilitate the operations of the tfficial manager . In such matters time is emphatically money . In proportion to the delay experienced , either from unavoidable or pre " . ventible causes , will be the amount of the dividend to the subscribers in the end .
Promptitude and unity of action is the more earnestly to be urged in this case , from the large number of persons involved in the affair , and the nature of the Company itself . The subscriptions were in the majority of cases so very small , that any undue delay in winding up tbe Company may not only leave no dividend , t but absolutely entail upon those who prove their claims as shareholders the
liability of a further subscription to defray the cost of carrying out the act . In addition to this , it is plain that the marketable value of the . property will be greatly augmented by its being S'dd " free from conflicting claims or obstructions . In short , it will depend on the subscribers and allottees themselves to a very large extent , whether they or the lawyers shall have the surplus of the proceeds after paying all the just debts of the Company .
We may mention that the estates in the possession of the Company are five—O'Connorville , Lowbands , Minster Lovel , Sing ' s End , and Great Dodford , situated in tho counties of Hertford , Worcester , Oxford , and Gloucester . Thoy comprise in all upwards oi 1 , 100 acres , which were originally purchased for the aggregate sum of 42 , 5 i 4 / ,, of which
amount 10 , o 00 « . remains , charged as mortgages upon the two estates of Minster Lovel and Snig's End . By the second schedule there appears to have been sold lO ( J acres , principally on the Great Dodford Estate , near Bromsgrove , for which , including Dodford House , the sum of 4 , 757 / . 15 s . Cd . has been received on account of the Company , and will havo to be accounted for to tho official
manager . The other property of the Company consists of cottages and schoolhouses erected on the various estates , roads , fences , & c—nil which will be looked upon either as valuable or as nuisances , according to tbe peculiar objects and opinions of intending purchasers . If the bidder bo ombued with the prevailing horror of a thickly populated parish which pervades the landlord class—the numerous homfsteads and small farms upon the Laud Company ' s estates will be a drawback rather than a recommendation . If , on tho other
hand , there be a sufficient number of persons in the working and middle classes possessing the means , aud desirous of securing a freehold of their own—of knowing that in this laud of overgrown estates they can have » little plot of earth on which they can nettheir loot with the proud feeling of a proprietor— these buildings , and tbe divisions rt theland into small holdings , will add to tho marketable value of the property . To sunt at las ' s of purchasers so favourable an oppj- ; ' - tuni ^ w . UL . iiever again present itself in t ' country' Everv one knows the difficulty oi
buyiii'g ' stnajl parcels of land , excep t at t > orbitaut prices . The Laud Company ' s estate s were bought at wholesale prices ; they lm ™ since then been to a very large extent improved in value for vcomun occupiers , by UiO expenditure of a large capital upon then ., and by the labour " subsequently bestowupon them by the allottees . Wo trust therefore that either among the members ol t ¦<< Land Company themselves , or among u * thrifty , prudent , and careful portions ot mj working classes in general , there will heloaw such a number of competitors for the }* ' session of a house and a farm , as will secure . fair price for the estate ' s , and at tho sa »« time lay at least the foundation of an u » J pendent class of small proprietors " > ' ¦'
country . The appointment of official manager" "' fixod by the Master for Thursday last . / " « has been a keen contest for tho situation . ' considerable number of candidates having V }' sentcd themselves . Among those , possc " ^ the most prominent claims , were Mr . ^ | the eminent accountant , to whom the duty investigating the financial affairs of the Company was entrusted by tho Select Coining of the House of Commons in 1848 } *"'
Price , the late manager of the Bank , y ;<"_ we understand , produced very strong an «' ' fiuential testimonials to his capabilities h ' k ) . important situation ; and Mr . AikgbR > ** has been put forward bv the Solicitor to ti « - Company , as possessed * of the highest mi *' uess qualifications , and entirely un fettered 1 J . -m y previous connexion with tho affairs of" " Society . Mr . Scrachlev , the distingu ^ . ' actuary , was also in the field , but w ithdrew 11 favour of Mr . GREY . . In looking over the proposals the w
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Citation
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Northern Star (1837-1852), Sept. 6, 1851, page 4, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ns/issues/ns2_06091851/page/4/
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