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The Bristolian

02/12/1829

Printer / Publisher: James Ackland 
Volume Number: II    Issue Number: XIV
No Pages: 4
 
 
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The Bristolian

Date of Article: 02/12/1829
Printer / Publisher: James Ackland 
Address: No.4, All Saints street, Bristol
Volume Number: II    Issue Number: XIV
No Pages: 4
Sourced from Dealer? No
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• 9 ISTOLIAN MEMOIRS and CORRESPONDENCE of JAMES ACLAND, Proprietor and Editor— written hy Himself. " I LIKE HONESTY IN ALL PLACES."— Judge Bayley. Printed ami Published by JAMES A CI, AND ( SOLE PROPRIETOR AN » EniTOKjatNo. 4, All Saints'street, Bristol. VOL. II— No. XIV.] WEDNESDAY, DECEMBER 2, 1829. [ Pr lid. mSummrtmt SHAREHOLDERS ! » ' TIIE BRA& IAN BREAD ASSOCIATION| Are informed, that by ihe Resolution of the General Meeting thote who no NOT SIGN the BOOK of the CONSTITUTION, on before the 10/ « of December, inst. • will, without chance of excuse or exception, FORT KIT W... V SHJHES and all INTEREST in the Association. Shareholders a> e also informed, that the overdue Instalment of ONE SHJLXING pert Share, must be immediately paid, and also lit a: } of the like amount, which became due on [ Thursday last, tie 28th Noxrmber. By Order of the Committee, JAMES ACLAND, Provisional Secretary.. All Saints' Street, < 2.0d Nov. 1829. To the ASSOCIATED BUEAU- EATEKS. Brother Shareholders, I have the pleasure of info rung yaia, that nho number of Shares subsoil to the book of the Constitution exceed 4.500, and that these Shares command a majority of the entire number of votes. 1 have also the satisfaction of adding, that last night, a Sample of pure I-' lour was . pro duced by the Miller, in th - Committee- room, and is now exhibited in my Office window. A half peck loaf of pure Bread was also pro- duced. and divided amongst the Shareholders present. You will see by the resolutions that the • delivery of Flour will commence on Monday week, to such of you as shall have signed the book within the required period, and paid up the instalments then due. This is » omething like business, and you will doubt- less admit that the difference between an acting Committee and a talking Committee,' is sufficient proof of the wisdom of your decision at the last General Meeting, of the Shareholders. The question has hitherto been " shall there be pure bread or not ? " and the question now is who shall partake of this pure bread ? " There ha^ e been i wo loaves already made and baked; some fifty \ >\! ave shavec' one of these ' aaves among you; the other you may sec thisday. There can therefore no longer exist cause ' lioubt as to'how you should proceed. Are -, iu with the Ba'kers of bone- dust P Then , t S oger Meore. and George Essex. Are i ciu for your share of pure bread ? Then su; » jjort the Association and its homest Com- mittee. There is no middle course— there- fore choose for yourselves. But leaving this simple matter of business for awhile, I beg to eall your attention to the Cases and Opinions, about which you have heard so much, and of which I beg your attentive perusal. They are a- sfoillows:— CASE. Ax Association has been formed in the City of Bristol, called " The Bristoiian ' Bread Association," the oljject i> f which is to supply its Members with pure wholesome Bread ; and also such customers as tUey may be able- toserve after themselves thus, becom inga joint trading Company. The modeadopted for the formation of this Company has beet) certain Resolu- tions entered into at General Meetings, ftnd conducted by Committees and Sub- Committees, constituted thereby, and one moiety of the purchase- money for Shares has been already paid by the Shareholders. In pursuance of their arrangements, an agreement has been entered into witli a Mr. Lancaster, of which tile following is a copy :— " Bristol, October22, 1823, ' We, the undersigned Henry Tripp. George Es- sex; and John Hybart, being appoiuied by the Bris- tolian Bread Association, have this day agreed wilh Mr. J. W. Lancaster, t > take his premises in Temple- street, with right of hauling way to Thouias- street, and the said J. W.. Lancaster agrees to let the said premises for ihe tetm of thirty years, at the rent of 120/. per annum, from the 21st day of December next, with a clause enabling the said Association to purchase the said • premises at any period within the first fourteen yenrs for 5000Z. And the said J W, Lancaster doth timber agree to allow one quarter i t a year's r<- nt for all file Landlord's repairs, requisite to be done to the said premises. Memorandum; fi, r further particulars, see letter from Mr, Lancaster, dated 19lh October, 1* 29." The particulars here referred to, are:— " I shall have no object t « your removing at the end tii* leHn, ;. n> ettoiotti tir bn'iiuiAgff, set Up for the purposes of your trade. " As to repairs, iny proposition was to keep the roofs and outside walls; all other repairs to be ef- fected by the tenants. " 1 cannot consent to a clause to determine the Lease on the quarter day next alter the Association may be dissolved, if such an event should occur, but 1 will consent tio take the premises at ihe end of twelve months after such dissolution, upon having written notice from the Lessees, and if 1 should let the premises at the same reut before such twelve months should e- xpire, then y « ur reiit or the pro- portion of it to ceas « . " The Kentanny commence from Christmas, but I must have until that time to quit my dwelling- house " The Lease- it was verbally sgreed, should be made, to three persons, to be chosen ( oust of the number to be proposed) by th « Lessee. Amongst ocber Resolution* recently passed by this Association, is the following. " That it being expedient, for the proper manage- ment of the atfairs of this Association, that ail mat- ters of whatever nature the same may be, in anv manner affecting the interests or general concerns Jf the Association, whether tbey Tegard deeds, con- tracts, leases, agreements, purchases, sales, trans- fers, payments, receipts, or other matter or thing, shall be managed and conducted by the Committee of Management— such Comm'rttee - shall be and are hereby fully authorised to depute other„ and others of their uuintoeriu the name aud for the general interest au4 benefit of the Association.; I. nt as Trustees for the said Association to do, consent to, and concur in such act or acts whatsoever, necessary to be done hy the sa'ul Committee, for the general benefit of the said Association as aforesaid, as they tho said Com- mittee shall see fit." It is seen that this body has no legally constituted ^ orm; it has not associated itself by deed or other THE BRJST0L1AN r. strument, but merely as it were by common consent, the best mode to carry into full effect, the not 01 her . vise reduced to writing, than by resolutions i object of the Association. OPINION. I find it difficult to give an answer to these questions without a more detailed statement of the nature and formation of the company. i is not slated what number of persons compose ihe company; or by what means each individual became a member of it. Whether it is composed- only of the persons who originally agreed to form ihe company, or whether tha shares are transfer- able or saleable, as in other joint stock compa- nies, or wheihei the shares according to the- passed at their Meetings, one of which Resolutions is that above copied, and another which regards its Committee as follows. ( The Resolution in question was here introduced.) By this Resolution you will perceive that the Com- mittee is a fluctuating body. Doubts have arisen as to the legality as • well as practicability- of the Association pro- ceeding in their object; . difficulties also pre. sent themselves even supposing the present formation of the Society to be s- rictly legal as to the manner- the lease of the premises ought to be taken, so as- effectuallv to secure the lessees from loss in consequencc of their | agrennent between the parties would pass to the becoming such, and the Association from' representatives ot any deceased share- holder or malversation on the part of the Trustees otherwise. If the shares are transferable it is And doubts are entertained whether, if a! certainly very doubiful as the law at ptesent Deed of Incorporation be necessarv as to the , stands, whether the company would not be held situation in which the Association will j be altogether illegal. stand, if any of its members who have con ! The late Lord Chancellor in one of the joint formed to the terms of its original formation i stock- company cases before him threw out as ( and . most likely many of them will) should refuse to execute- such deed. They also wish to be advised as to the most eligible mode of placing their Trustees or Committee in a situation to prosecute any action at law or suit in equity, in case the breach of performance of contracts or other unforeseen events should render it requisite for them to become plaintiffs ot; prosecutors., in civil or criminal proceedings On this case your opion is requested. , lit.— Whether, in your judgment, the Association as it ar present stands, be a legal Association, and if yea, what course would you recommend for its adoption fOr taking of premises on lease; buying and selling, and the protection of the respective interests of Trustees, Committee, and the general members of the Association, 2nd,- Should you be of opinion that the Association as it is at present formed, can be his opinion, ihat* a company consisting of a number ot- persons having transferable shaies ( without referei ice- to the objects id u) was an illegal company by the common law, consider- ing it as an asjumpiuiti to act as a corporate body, and upon this principle as it would seem a case was lately decided ill ihe Common Pleas (• Duvirgin v. Fellows, 5. Bingham) I must con fess however it appears to me that this doctrine is veiy questionable in point of law. and not the mere fact of a company having transferase sha res, and more particularly it they are only transferable under certain conditions and res- irictions, is not sufficient to render it an illegal bsidy, if its objects were otherwise legal, if tho shares of this company are not transf errnble and all the objtcis and other regulations relating to il are set fonh in the case— 1 am of opinion it is not illegal. With regard however lo carry. | ing ihe objects of the company into effect if it temains unmcorpoiated without an act of Par- legally sustained, you will be pleased to ad | iiameni there will be considerable difficulty, that vise as to the most eligible mode of indem- j is assuming, as I presume is the case, that it nifying the persons who may- become the Lessees for the benefit oPthe Association, as well as for protecting the Association itself from any wilfuljdsfault, & CI. of the< Lessees. 3d.— In ca> e you should recommend a Deed of Incorporation, you will be pleased to say in what situation you consider the Association will stand in respect to the Shareholders who have- hitherto conformed to thepiesent regulationsof'the Association, but who may still refuse to execute that deed — will their refusal so to do, affect in any way at law or equity the establishtrent, consists of a great number of persons. The taking of leases might be done by getting them made to liustees for the company, and having the covenants made with them, they of course being indemnified eilher by the body at large or the Directors or Managing Committee; but ihe difficulties would be very great in a company of this sort, entering into and enforcing, the ordi- nary. contracts of trade. All the body will be liable to the persons dealing:„ wiih the'Company^. and . in most cases all the body must- be Plain- tiffs in any action brought on their behalf, and it does not str ke me that any secure or certain of- settlement of the company, or any written contract between the persons comprising it— bnfr if a Charter of Incorporation bhould be applied for, or if a deed containing any new terms not originally contemplated were proposed to be ex- ecuted, I think it would be open to any of the parties to refmo- to concur in it, and the other* could not compel them to do so, or bind them by it— the only course then open will be to dis. » solve and put an end to the present company, and to form a new one of the parties concur- ring, in the way and upon the terms agreed on between them; If ihis is a company which it is expedient and desirable to keep on fflot, it would certainly be most advisable and the best course for the mem- bers to adopt, to endeavor to get an Act of Parliament lo sanction and o regulate ( heir pro- ceedings; without this or a Charter of Incorpo- ration there will be constant difficulties occur- ing which it will be impossible wholly lo guard again**.- W. W. FOLLF. TT, Nov. 9. 1829': Inner Temple. • A IVrit of Error has been brought upon this Judg- ment and is now pending. King v. Webb, 14 hurl 406— Plall v. Hutchinson, 15 D 50-. ( FURTHER CASE ) The nature and formation of . this Association will he seen on reference to the printed Resolutions left herewith, and which are respectively numbered 1, 2, ind 3 The Resolutions contained in N'd. I were passed at ihe Meetings of the Provisional Committee, prior to the establishment of ihk concern, or disposal of any shares, and they may therefore he rather con- sidered as its Prospectus. No. 2, are as they profess. The Constitution of ( he Association, and were agreed to at ihe first Public Meeting that took place of the Share- holders, after teu thousand shares had been taken, which tiny were, upon the the terms set forth in the Resolutions-, by which it will be seen that no one individual was to hold more than twenty shares. There has- never been any Deed of Settlement of the Company, nor any written Contract between the per- sons composing it; the Share- holders are in number from two to ( hire thousand. Upon payment of the firsl instalment of six pence per share, a scrip receipt was given to the payer, of which the following is a copy;— " BRISTOLIAN BREAD ASSOCIATION " " Established 20th August, 1829. " " Offioe, No. 4, All Saints' Street, Bristol." " This scrip receipt for- one share fiYiij J in the Ttristolian Bread Association; entitles to a ten thousandth part of all profits accruing to the Establishment conditionally on payment of the Instal- ments as they may hereafter become due, and on dis- charge of the obligation set forth in the- Sth and lOf/ i Resolutions of Ihe Provisional Committee. " issued this day of lSl9, at the liability of 0 10 0 Received on its issue ( pursuant to- the Uh Resolution) thu deposit of • . ... 0 0 6 or can the body at large by any new regu-, j method can be adopted to obviate the difficulties lation, put that question at rest. 11 » which the company would be exposed, in 4th.— Be pleased likewise, to advise as to C( l!, e any procee( ijn<, s ej; her at law or equity the most eligible mole to be adopted, to en- { should be rendered necessary against strangers, able the Association to protect its lights by excepl by geU) n„ ( he company inC(, rporaied legal or equitable measures should such be either by Charter or Act of Parliament. I do rendered necessary,— And generally, as to nct. understand that there is at present any deed Further liability .,.,.... £ 0 !) ti JAMES ACLAND, Provisional Secretary.'' As observed in the first case, calls were made up tothe6lh November inclusive, amounting. to 5s. upon each share, which had been, paid regularly. The shares are not transfeiable by the " Constitution'' but have nevertheless hern sold in many instances at a premium, and transferred under the authority of the Committee, who have passed Resolutions, autho THE BRlSTOLfAN.* 55 risitrg such transfer* on the payment of stx'. penee, for the usa of the Association, considering they had a iegal right to come to such resolution by the 15th Ciauie of the Constitution, aud the Resolution! mark- ed or numbered " 3 ". | The Association has gone to considerable expence. and had great trouble up to the present period In es- tablishing Itself, and if any mode could be suggested or pointed out by which the carrying Its object into effect could be legally secured, it would be most de- sirable. The members however are not disposed to apply for an Act of Perliament, nor a Charier to in- ; corporate the Association, and the main, question appears to be, can the Association be legalised by JVed of Settlement? If yea, they are of opinion that ihey shall be better able to i- cgulate their future pro- ceedings under such an arrangement, than if incor- porated by Charter or Act of Parliament- r- in the one 1 case they could agree upon such alteration or im- provements amongst themselves, whilst in the latter such alterations or improvement a- could not be effected but by fresh application ( attended with great expellee) to the highhr powers, if a deed could be legally frame. I and acted upon, clausesno eualile the majority to act In the way here suggested could be readily introduced. The next question is— If the Association can be legalised, can a clause be introduced, authorising a right of transfer of shares wider any aud what condi- tions or restrictions ? A ihird question here presents itself subject to the legality of the establishment uf the Society on the basis proposed :— What way does Mr. FOLLETT considerwould'be the most eligible to carry the measure into effect— bv dissolution of ihe present association, or by paying off the uon- conteuts lo the new arrangements ? If dissolution he advisable, should it be effected on1 the terms of the lltlti Resolution of ihe Articles of ( lie Oiii-' tn/ iori ? The difficulty pointed out by Mr. FOLI. ETT for en- forcing / he performance of contracts, would in some tlegree, if not- wholly be gotten rid of by the Resolu- tion of ihe Society to pay and to he paid in ready money, neither faking nor giving credit, which if thought advisable, could form a portion of the articles of partnership, but lest questions of law or equi/ v should arise, it has been suggested that the legal F. s.- tate of the Chatties and Effects of the concern may be so vested in Trustees, as to enable them to sue and be sued. Mr. FOF. LF. TT will he pleased to say— If he consider ( his course can be adopted s an,| to advise generally as to what steps are most advisable to he pursued for the interests of the Association. ( OPINION.) •' The execution of a Deed of Settlement, the Company remaining unincorporated and without an Act of Parliamant, would not of itself mate- rially alter the difficulties in the way of this As- sociation— its character in point of law would not be raised ' by tt— it would still be a ir. tsie partnership consisting of the number of persons holding the shares. The utility of a Deed of Settlement would chiefly- be for the proper re- gulation of the Company as regarded its own members, and their riijhls and liabilities between one another, and for this • purpose, if the Com- pany is to go - on, it may be desirable that one should be executed, b'- it as far as strangers are concerned, it would be of'Iittle use— except that certain clauses may be introduced into it regard- ing the transfer, of shares; if they are at all trans- ferable, according to the' principle ol the- cases to which I referred in my former opinion j ( he- ob- jection to the illegality of the Company would not be altogether removed, but it may in some measure be obviated by introducing restrictions upon ihe transfer,— Ex lhat no Priiprietoi should transfer his share without giving notice lo the Committee or the general body of his intention to do so, and of the person to whom he wishes to transfer, and that no such transfer shall take place without the consent of the Com- mittee, or general body, and their approval of the person named. And lhat such person should have no interest in the Association unless he signed some insl; ument, agreeing lo abide by the Resolutions of the Company, & c. and there should be similar restrictions as regards the re- presentatives of deceased Proprietors, the Assig- nees of l? ar krupts and' Insolvents, and the Husbands of i I- Vmale Proprietors. In short, it should be made apparent that the shares in the Company were mil mere, transferable and sale-- able stock at the will of the holders of them. 1 think myself? tfcat in point of law, this sort of rtstric. ion on thfe transfer of shares would pre- vent this Company from being considered illegal on lhat ground ;; but while the dicta lo which I have referred remain wholly uncontradicted, and with the present feeling against joint Stock Com- panies ol all descriptions, I cannot of course say with confidence that the Courts would certainly so hold it; It would be right ihat there should be aciause- in the Deed, if one be executed, ves'ing the Chatties and Effects of ihe Company in Ti ustees, but no such clausc can give to the Trustees ihe powets of suing alone on a simple contract, en- tered into on behalf of the Company, nor could it prevent'any st! anger to whom the Society may be indebted from suing all or any of the- mem- bers of itj 1 he clause in the Resolutions lhat no member should be liable beyond his own share would be wholly ineffective, as far as strangers were concerned, and a per- on ante a memher, • would find great difficulty in getting rid of his liability. These, difficulties however would no doubt be materially obviated, if not altogether gotten over, if - ihe Company were invariably to act upon the Resolutionsuggesled of never taking or giving credit. This Company certainly seems lobe formed ' bona fide for the purposes expressed in the Prospectus, and which cannot I think be considered as injurious- to the public. 1 think with proper care and manage- ment in drawing up the Regulations of the Com- pany and with the Resolution invariably acted upon respecting ihe taking and giving Credit, they . may continue lo go on without a Charter or Act of Puiliament. If a deed of Settlement should- be contempla- ted, the terms of which would mattrfally vary from the- Prospectus and Resolutions upon which rhe parties have taken their shares, they cannot, if they object, be compelled to execute it; and if there are many dissentients, I think the better mode would be for the proper majority to pass a Resolution, pro forma, according to the 13th Article of the Constitution, to dissolve the pie- sent Company, and then to form a new one ac- cording to ihe erms agreed upon. The parties dissenting should of course be repaid wha they advanced on the shares, and whatever i- lse they may be entitled lo as holders ( if them, up loihat time." ( Signed) ' Wy \ V. FOLLETT, Inner Temple, Nov. 14, 1829. Duly authorised by the Committee, I pro- ceed to lay before you such observations as seem to me necessary on the Cases submitted to Counsel, and in the opinions given by such Counsel in the Cases so submitted to him. In the first place I have to call your at- tention to the circumstance that the Associ- ation is not now in the situation in which it was at the time the cases were prepared for the opinion of Counsel. Then we had only the assumed majority of the Shareholders as consenting to the Constitutional Rules and Regulations; whereas, now, we have the signatures of more than sufficient Sharehold- ers to prevent the possibility of a dissolution, and shall, within a very few days, have amply sufficient to secure a majority of the members of the Association, These names have been appended by the parties them- selves, or by duly accredited agents on their behalf to the Resolutions of the last General Meeting of the Shareholders, in a book of the Constitution of the Association. Now, with reference to the event in con- nection with which, the late Committee thought it desirable that th'c opinion of Counsel should be taken— 1 allude to the rental or purchase of premises-— no such dif ficultv at present exists, and if it did, the new Committee has provided for it, by tie appointment of Trustees on their behalf. Nor am I aware of any situation in which the Association could be placed, ( lookirg. always to its present constitution) and with, regard to which, such Trustees would be incompetent to act. It seems to me, that the transfer of shares and the contracting of debts ( whether to the debit or credit of the Association)' are the two considerations on which the legality or illegality of the Association chiefly turns, As to the latter, One1 of the " Resolutions ( which together form' our constitution) se- cures the Shareholders fiom all responsi- bility, throwing such responsibility on the members of the Committee individually. I therefore argue that as the Shareholders can- not'take credit for their Flour, Bread, cr • Hal, without a forfeiture of their shares and. interest in the Association, and cannot be made responsible for any proportion of any debts that may be incurred, this objection, is - altogether untenable. 4- 2 THE BRISTOL AN I then come to the subject of the transfer and their shares forfeited by their non- compli- of shares. Whatever practice may have obtain, ance with the Regulations which make such ed on this p nt, I unhesitatingly asseit that the , compl iance or such forfeiture imperative. Constitution recogn se no right of transfer, and I then fore submit, thaat the question con- I am prepared to recommend to the Committee : nected with these opinions is simply this :— the propriety of a Resolution that 110 share shall Whether, looki ng to the case as stated to Coun- be transferred without their sanction, and that gel, with is opinion on that cftse—- and looking ihey on the part of the Share- holders shall have sfierw& rds to the case now exiting, and which aright to purchase on behalf of ihe Association any share or shares that may be offered for sale. The Committee have a right to pass any Resolu- 1 believe to operate in answer to the qualified objections of Counsel-— whether such view of the circumstances of the Asssocisitioa be not an lions, not in contravention of any portion of the : equitable one— and whether, if it be equitable, Constitutional Rules. The latter make no re- j it does not lead to the conclusion that the Asso- ference to the transfer of shares, and therefore j ciation as now constituted can proceedtjn its ob- uhilst the Share- holders have 110 recognised right of transfer, [ the Committee have a delaga- ted right of coming ito such resolution 011 the subject as may seem to its members nccesary or expedient. Having answered these objectihns on the part of Mr. Foiled as advanced in his opinion on the first case, 1 refer to his last position as to the exercise of the right of secession by malcontents. He qualifies his opinion on this head by the ob- servation—" if a deed containing any new terms not originally contemplated were proposed to be executed." On this point I observe that the execution of no deed whatever is proposed, and that the Constitution to which the Share- holders have attached and are attaching their signatures does not contain any new terms not originally contemplated. But, independently of thesefacts there is one to which ihe learned Counsel does not seem to have directed his attention, viz :— The resolutton to the effect that no dissolution of the Association can take place, without the concurrence offour- fifths otthe votes ofns mem- bers. , I am the rather disposed to think ihat this resolution escaped Mr. I'ollett's notice, because in neither, of his opinions can I find any reference to its existence. jects without subjecting its members to the ) ral- lies of an illegal Society, and the risks of an Association illegally constituted ? Yours faithfully. JAMES ACLAND. To the Bristolian Bread Association. Gentlemen, From the contents of my letter, published in the Btistolian, of Saturday last, you will have read to what conclusions I had come in respcct to the conduct of the Ex- Members of your Committee, who I am just informed have, notwithstanding their exclusion from office, convened a meeting of the Sharehold- ers, for to- morro> w; that the partisans of these Kx- Committtee men will join them, and many others be deluded to attend this meeting, I cannot doubt; but I have no he- sitation in stating it as my opinion, that whatever resolutions may be come to, they must be perfectly nugatory and inoperative, unless those passed 3t your late public meet- ing, ( which meeting I think for reasons • which were assigned in my former letter, w, as regularly and properly ^ nnourcced,) are to- be trampled to the dust. Vou> will read, with the tw, o cases which .„.„.., ... , , were submitted to Mr. Fqliett, on your be- Folletts. second opinion, however he ihalf and copies of which willappear in the 1 IT hull tiKrtn* til a HI, 1.1, T.,, iL , T; T , • — ... . .1 ' F _ _ may beat about, ( he busli, by the technicality and verbiage of law language, he distinctly ad- mits that we can go. on. wiihout cither Charter or Act of Parliament; and having so said, he ^ proceeds to state that " if, a deed of settlement should he contemplated, the terms of which would materially va/ y from the Prospectus and Resolution upon which the parties have taken - their shares, they . cannot be compelled to exe- cute it." . Bristolian of to- morrow, the opinions of that gentleman upon the points submitted to his consideration— the prieipal feature seems to me to be contained in the last opinion, where he observes, that- if the regulations be strictly adhered to, of . neither giving nor taking . credit, most, if not all the. difficulues previously, pointed out ra'ght- be, gotten rid Your sittmg'CommitUe 1 can ha- ve no - doubt would readily adopt any and every measure best li ulated to promote the interests of the Asso- • i « 011 and afford iis members, if such should appear to be the general wish, an opportunity of re- ekcting its officer*, in which feeling, I should as your solicitor, certainly participate. Members wishing to retire you mijjht perhaps think should have the opportunity of doing so, — on ihe turning of whose backs, harmony and good will, may once more prevail amongst you, as differences of opinion and sentiment exist, which 1 am apprehensive are not to be recon- ciled till they be gotten rid of. Yotit's & c. C, H. WALKER. EXCHEQUER. SUBSCRIPTIONS. Amount required. 17f. 0d. Previously acknowledged ^=£" 20 19 of.— He, appears favorable to a 4eed of set , tlement, ( Knd thinks that uuder its, provisions, I reply by stating that they are not called , the Association may go on without being upon to execute a de^ d of'seitlement, but simply : incorporated by Charter, * er >. applying for to sign the Rules agreed upon at a. General Legislatkeinterferencc. With the view of effecting objects so desirable so far as it,. may be practibable, an amicable ad- justment of existing differences, I would take the libeity . to suggest the propriety of a Public Meeting of ihe Share- holders being forthwith Meeting, such Rules not materially varying from that under which they took their shares. The votes of the Share- holders ^ ho, have al- ready signed the book of the constitution are a decided majority of the whole body, and it is utterly beyond reason to expect th^ a majority regularly convened, at which the opinions of o. f votes will allow a minority obsiiaa'ely to pur- j Mr. Follett should be taken into consideration, sue the destruction of . the Associaiion, wiihout1 and his suggestions, so far as tbey may be coji h > ldi ug them bound by the rules of such majority sidered valuable, acted .. upon. Better Late than Never K. R. S. L. and Jar A Friend to the Oppressed Two Wind Risers £ 0 1 0 10 0 3 0 2 £ 21 8 4 MKM.— The deficiency, of Vie whole amount ( and which must be paid by me on Monday next) is now i2 8 H. J. A. CD MM IT TEE- ROOM, 4, Alt Saints' Street, Monday. Evening, 30, Nov. Mr. FARR, Chairman. Mr. Neyler reported ihat he received the amount of £ n ,4s. 6- 1. deposiis on Shares re. ceived on Saturda\. Lieut. Rotton reported that Mr. Ward the Miller had called 011 him, stating that! be had purchased GSti Bushels of prime Wheat at the c * t of d' 193. COMMITTEE- ROO.\]. All SaM Street, Tvtsduy, December 1 1829. Thai this Committee haling heard that a Public Meeting of the Shareholders has been called by placards, industriously circulated, bear- ing no sig ature, and tins Committee knowing nothing of the parties calHing such meeting, cannot, us a Committee, recognise such meeting as legally assembled; that they hereby authorise the Provisional Secretary to athnd such meet. ing, for the, A >! e official purpose of pronouncing it illegal. That the Provisional Secretary be directed to make the nece sary arrangements for the delivery of pure flour to such of the > hare- holders as have signed the book and paid up their instalments due on Mondaythe 14th inst. That the time for receiving tenders for the Ovens and Bake- Housej be extended to five ( O'clock to- morrow evening, and that thev he left with the Provisional Secretary, sealed atld marked" Tenders." Printed and Published by JAMES AC'LANl). ( Sole Proprielor aud Editor,) at tbe BKisToLUK- Orrics No, 4, All Saints' Street, Bristol.
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