THE_ NATIONAL REGISTER; licence under %Inch we are Aboit t to commence rerltdming) which I may be valued at a sum of not less thati . 3,sool.—This has been from' en early period established as a customary fee for a Theatrical Li. ccnce, at the Lord Chamberlain's Office. fi The Annuity of 3,7501 to the New Renters of the late Theatre, yvhich the Proprietors have bound themselves to pay for every 1100 nights, may be valued at 70,00131. " It will then appear that the positive amount of property vested in the present undertaking is as follows : aom lb For the purchase of Estates, and Patents, and Licences, origin ally calculated at 90,0001. - - • • 1/5,765 10 10 " For the building and furnishing the Theatre, origin. ally calculated at 150,0001. - - - • 103.T64 7 7 64 For the value of the New Renter's Annuity - 70.000 0 0 Together • The real value given for the property. " This sgm has been raised in the following manner ; "By Shares and Bonds and Private Boxes soh" - 297,479 10 11 " VIIIne of the Annuity to Mr. Mash - - 3500 0 0 4. Value of ditto to New Renters - - 70,000 0 0 14 Leaving a balance bupplied from the Annual Re ceipts of . r T • 379,029 18 5 4,0:i0 7 6 379,029 18 .5 It is, however, to be observed, that in point of tact not less than 17.0501. 71. Od. op to the period of the lasi Report, had been petnally supplied from the annual receipts-90001. the produce of two private boxes created and sold in the present year, having been spb-equently raised, and replaced so much alba! adyanee. A' The Committee have received no Report from the Sub-Com ruittee of Management for the past season. !' They have felt it, therefore, Ilioir duty to make themselves accurately amainted with the results of the whole management of file Theatre, from the commencement of the thst season to the pre sent time, and with these results they are desircius of makiug the Proprietors acquainted.. " The amount of the annual aggregate receipt for the last three years, has been ‘2 , 22,9061. l6s. 9d. The expellees, on the contrary, )cave been 141,493/. 17s. 6d. being an excess of 19.:4071. Os, 9d. which, together wjth debtor balance of R,0501. before mentioned, on the building areoinit, forms the slim of 27,6;37/. Os. 3d. the present amount of the debt on the Theatre, " Of this sum 17.0501. T. 6d. is owing, in fact, for the deficit of capital called for by the original cost--6,‘..861. Qs. Bd. for the balance of expellee in the alterations and new decorations last year, after deducting the 9,0001. (for which two of the new boxes were sold) front the cost of the alterations, and new decorations, which was iri,v861../R. Bd. leaving a balance of 4.1001. 18s. Id. as the loss upon three year's annual receipt and expenditure, after lividing V 4 7811. as dividend or interest upon capital, besides expending 1,,4001, for iinsuranee. How it happens that a Report Pllollld this year be made so different from shat might have been expected. the (;ommitter think it right that the Proprietors should explicitly understand, more especially ai upon a clear conception of tl.e cause) of tltk restilt, they will alone be able duty to appreciate the prospects which it wilt be the duty of the Committee to expose to their jow i. ‘ On reference to the first Report. it will be found that 66,6001. :gas the toll galeulated as the probable gross animal receipt for '2OO ;lights, of which the door-money formed one item of 59,0001. and the private-boxes another of 5,7001, And it is highly satisfactory to learn, that the average receipt for '2OO nights upon the last three }ears. for the door money, his efigeeded the estimated sum by 4 3001. ; and notwithstanding the abstraction of near 3,001. a year by the gale of private boxes, not limn in coutentplation, the whole ..calculated receipt has been rather exceeded by aim which has been iodized. Uppn a continuation of this receipt the Committee see co reason whateverto entertain doubts. _ The original caleitiltion of the neeessary opt goings, including 8 dividend of 5 per cent. ppon v 4 .0.0001. capitaL then to he raised, Ma! 17,7:10111e'!vilig applicable tp the gooduct vi s tike est•Mishautnt, o net rum of -18 8501. This raicaition of ;urinal h4esi outgojitgc, has been tsgeeded in the following StIMS A' The annuities to the new renters, from au original error of tiv:tes, stated at 5.t1,',01. exceeding that sum by• • • ' O l3OO 0 0 Inkurance of 50001. is . And Inerease of Toes•?, rP••• • • , . • W 3 0 0 Kakjiv together jtp iperpse of •/• • • .• •J. i!l t i . . • 9 4; g) And &altogether a sam of 18 6881, iota pJ 13: 17,7:)01. ; leaving tl►ero. fore the sum applicible to tl►e conduct of the e;lebli•►htppp4 47,5621, ts. It bas then become the duty of the Committee, to ascertain what, in point of fact, has been the average sum so expended lie the management. They find it to have been for the first neap 45,0961. giving a balmiee in favour of the property of 2 4651.; bet this stint does not include the expellee fur scenery, wardrobe, op properties for that season; the %thole liaviiig been carried to Itto original furnishing accopot. " Poe the haat two years the annual expense of management lids been 58,190, TA, exceeding the sum allotted to meet it by 10,6341, sa. annually : and leaving a balance on Iv whole three years 4f 18,9981. supposing a dividend of 5 per cent. on the capital of 208,0001, shares to have been made for the preset year, foregoing which, it leaves an apparent balance of 8,5931. against the Theatre, which, however, must he diminished hy the insurance fund tltool, vested iu the Consols, and It ince in hand at the end of the sear son, together amoonting to 4,1;711.; therefore the real balance of debt on the three years receipt and expenditure, is between j 1 10 " To this, however, must be edited the sum of 15.1501. still no, paid, the coat of the alterations and decorations last year, which, with the deficit balance of 8,0501, of capital rsjsed, composes, gisri at the same time explains, in what sources, the present deist of 17,00(1). against the Theatre has arisen. " This explanation which the Committee have felt themaelve4 bound to give at length, and without comment. the y ore happy to be able to follow with the substatice of the Report made to then lip to the present time by those Gentli.nn 11 vs ho have m 14 1 14411 the management of the Theatre ft orn the close of the 14%t seasoit. " They entertain a well grounded confidence iii a contimiatioo ta the average receipts of the last three years; which, it meat be unl derstood, have, on the whole, been by no means unusually taro. ‘"fliey have therefore, with this receipt before them, extried them+elves so to reduce the Peale of expilices, es to be able lairly to calrolate on a dividend eii the following season. " They have fairly submitted to us the detail of their several cat. culations, against which record they desire the result of their tabour; to be triad at the conclusion of the epsoing ataSeril. The reduced eliar penditure cn which they have placed the estabf ,Intent, excveda sum of 6,0101. per annum, as against the average of the three seasons, ► and a much larger sum as opposed to the ex pence ot the last seasoo, " They have met with the most hearty co-operation en the part of the Officers, and the whole Com pany . of the Theatre; and we feel confident it will not be from a want -of zeal to serve your interest s if , their endeavours shall prove less successful than we anticipate. " Of the otitstapding claims since the last Geeer.ll .Report ? /WI New Renters remain in the same situation as at that time. " Time 3,0001. SHAR FS -,•Oise bath been settled with by his accept, ing eight joint stock shares ; the Proprietors of lour other B,ofal, shares have agreed to accept the like .compensation in join; pock shares, with the past dividends, and are now settlin4 with. " THE Oto RENTERS.—Seven remain unsettled, the claims cf which will amount to, at 21 per cent. 4611. els. 9d. MR. ADAM'S TRUST.—Ten remnant onsettled, at c:F.i per cetn, 417 1 . , ( 4 1 . I...cy's A neeirt F.S.—One has been settled, and one remains tg be contpensated ; the amouut of which will not exceed 230), " The claim of a judgment creditor upon Mr. Adam's Trust, men, tioned in the last Report, for the whole of his debt, with interest, has, in consequence of a bearing in the Court of Chanc e ry , bee settled, n by that creditor accepting subscrip:ion shares for the *um pie s vionsly offered to him by the Committee. " The Committee feel, that if they have not been able to rrake tine Report answerable to your wishes, by the declaration ot a dividend a. they hays done their duty, at least, by you the full extent pt your real situation. " They have endeavoured to commit themselves to no fallacious .1 prospects; they have given you facts with which m it was tilting yoia should be accurately acqoainted, in order to form j ust estiate ;leg value of 'your property. is It has been hitherto the practice to print the • übst nice of tl g 44r nual Reports, in questioning the wisdom of con!inyi eg this ei , stc9i. the Committee can have no interest separate trpal that ut the P pre tors. But they sugeest that it is an expence, tending only to .arlef4 information tolliose who can have no title to acoaire ir. " The present Report will lip at the Seecretary t s Office, at tit 'l7. tre fo- r the inspection of any Propr i etor; a nd the Secretary, vqto ,fit: tends during th'e bouts ot loinesS„williaJ ilrAti to alfoid c% • ry ef ? planation on the purport of its compots, The Proprietor pt the Spthiper t.stabhs,hownt at the I ycFur4 having announced to the public an ituletinite eia tension of his '1 heat/1., cat spzeulations, the Committee un yOl4/ bchalf, together with tt tatop th e P h rourietors of Covent-garden Theatre , have lost no t ime in arryi• g i Lord Pll4/101;1'44), !,9 1 0 . ( 4 TbToticp 411 1 POl4l orT. 15. it' r- tr e, it- 2. vv. 4*