balance of undivided profit amounting td £8654, a total of £46,392. The Directors proposed to declare a dividend at the rat of 12-A per cent, carrying forward £8892. 'he report, was adopted. Mr Gillies addressed his constituents aat 1 night. He condemned the general attitide of the Government during the session, nd eulogised the Legislative Council. Share market quotations are as follows: — Buyers : South British Insurance, £2 >s ; National Bank, £2 7s 6d ; Caledonian, dp ; City of London, £1 os ; Crown Prince, 3.5s 6d ; Cure, 7s. Sellers : Moanataiari, i2ss ; Watchman, 10s 6d. / THE CALIFORNIAN SERVICE. The s.s. Phoebe has arrived at Aipkland, from Sydney, after a passage of f<pr days 20 hours. / The following telegram respecting the San Francisco Mail Service was tabM in the Legislative Council of New South pales :— 'Telegram from the Hon. Saul Sannel, to the Colonial Secretary, Sydney. Loidon, Oc tober 11th. I have had great difficulty with Mr Russell. I have only ju(fc got the preliminary agreements signed) for both services. The permanent seryce stands as advised in the telegram of 2 jch August, except that fresh and good mm are now associated with Mr Hall, who dyes sureties for £25,000. The temporary service is to be performed by steamers of over2Qk) tons gross, and the best and fastest steame's to be got, paid for as follows :—£60,000: — £60,000 pjr annum for a ten knot service ; penalty £2 fof every hour's delay. F< r an' eleven knot seivice, £75.000, with a premium for increaled speed, if obliged. The service will / probably be eleven knots. Had to pay extra propor« tionate rate speed, owing td the difficulty raf pr 'curing suitable vessels f»r such a short term of contract, the loss of tine sending them out, and bringing them back. The steamers secured are — the Macgregor, now near Hong Kong, will be in Sydney onchj sth Decem ber, and will leave Sydney en the 20th De> cember j the Tartar, now /on a voyage to China, will be in Sydney for second boat. The Mongol, a new steamer, will be ready for sea in five weeks. Thetfourth boat is not named. The temporary seivice is to continue only about nine months, when the permanent service will commence. /'lnstructions have been given to the solicitors to prepare the contract. 