The Express. — London, England, 1867-02-05 00:00:00

THE EXPRESS, TUESDAY EVENING, FEBRUARY 5, 1867. it gnu inttllignut. COURT OF QUEEN'S BENCH.-FEB. 4 , After Term sittings Ni.i Prim. at WeNtmin.ter. slsefure Mr. Justice Shoe and a Special Jury.) KEAtt:is r. xTultits. Mrs. Caitlin ine lieerue, the gisterdielaw of the pi ,intiff. said When elle went to Paris she called on the ulefeteimit on the rith of Aegust, he having wtitteu to her to come to hint. 14.1mM:int took her in a carriage to the :asylum. and ahe re,mineil about an hour in her sister's eon:puny ; she eew uothing in her conduct to lead her to suppose that she w.,. mad. She arranged to take her away the next day. she retuimal in the carriage with the defendant to hie home: ; lie odd she was very dangerous to other. ' and might destroy herself. and that she would he answerable for her in France. He said she might he worse to-mor row ; that if she took her home she might die in a wor:chouse ; that he was her best friend, and could abed tears of sorrow over her lot ; she was the hest of women, and he bn: no trouble whiles sho iu the house. because he '.new his father was safe with her. He showed her het sister's clothes, and said they would be all her* iwitne-- ;he knew she would not live long, as alm haul a diet.,., in her bands which was getting up to leer heel. Ile called lows: Pateman to take a lien spaper tothe plaintiff. Winn.. replied what would a mad woman do with a piper • he said that if she took plaintiff away she would he wretCheil, but that be would take care of her. She left pheintiff there. And returned to London with Mr. Storks. He wae so caret:A About witness that be took her to his residence in Gower-street. He opened plaintiff's drawers and boxes and 'hosed her all her sitter's property, saying that would be :ill hers. She declined to take it. He we et with her to the railway station and saw her off. On her arrival in Team she found Mr. Hoare, end the day after her at rival she :eft w ith him to return to Paris. As they were entering the Asylum at ('bareuton they ,net the de. lenuliait coming out. In reply to his •iuestione she said she lei 1 come for her sister. and musthave her. When she he trounced Mr. Home to him they shook hands tit appeared they dill not know each other before). Defenduit avid witness wee excited, and that she wanted an opelation on her arm. Defendant and Mr. Hoare left her, and did not return until 7, o'u lock. Mr. Iloare said he would go and see ibersister thefollowing morning but that witness haul better loot go because it would excite her, and SILLS She had mot asked for witness. she afterwards returned to Timm without Ler sistel. she went to Peris n third time, by betself, about the latter end of September, with a letter stunt Wine seligious belies in Tuaiu to the lady superior at Charenton. She !caw the lady superior, soul afterwards her Maker was given up to her. Defendant was sent for about 11 o'clock on the :eorniiig, but he did not come until near o'clock in the ea - cuing. He said he wished to make a pro vision for her, and that she should shake bands with him. Per sister would net -re Lim, and sent word that she never wished to see him until she saw him in a court of justice. She got smite 1....nty /nun the defendant by her sister's orders with which to pay their expenses. The defendant wished her sister to call and see his father and become good friends again. :and look upon him as her heat friend. She refused. Finding she would not call on him he called on her at the lime!, in company with a gentleman. She again declined to shake hands with him. Wise% witness left defendant plat his hand on her shoulder, and said she WS to tell the plaintiff that he was her lest of friends, and that be hoped site would not speak unkindly of him. When she spoke to the defendant about the fire, lie not her Nish., lead nothing whatever to do with it- • Ler sister had never at any time indicated unaouniinese of mind. Uroasaestustined by the Solicitorattenetal —She did not see her sister for eh, years before she saw her in Paris. She Lad lost the letter her sister wrote her from charenton. The Miele peer brought a letter front the defendant. It slid not contain a lot. tote and two notes. to enable her ti go to Paris. The money came in her sister's letter. The defendant's letner stated that he had posted her sister's letter, but hegged her not to alarm herself. The de fendant.* letter contained his card, with his auldrege. Ile went with her to Charente's, and took down what he mid were presents for the nuns, that they might be kind to bet sister. :ahem, the plaintiff alone, and conversed with her about an hour. Defendant told her he did not con sider it was safe for the plaintiff to leave Charenton then ; and that if she took her away she would be accountable for any injury the plaintiff' might do to herself or others, and he strongly advisee: her not to take her away. He said be was paying MI/. a yeast fur the plaintiff in the asylum. He did not say in was tio/. ; hut that if she took bee away he tema.d pie her Me per annum. She re mained at defendant's have one day, and did not again see her sister. She left ou the 17th. She did not say that it would not be sae dot her to take away the plaintiff. It was on that occasion that the defendant cane over with her. In Para, she gave the defendant between and ed. of the 20/., and fu London the defendant gore her 11W. with which to pay her expenses from London to Tnam. On her return to Timm she saw Mr. Hoare for the first time. On the 2. - .4d August she dictated a letter to the dsfeedant, in which she stated that be would be greatly surprised at the contents of the letter ' • that Mr. Hamm had been there , to tak e her to Paris. She had also re ceived a letter front the plaintiff complaining that she most have been bribed. and had treated her cruelly, hut that witness wa. leanly to make oath before is magistrate to the contrary, and that nothing had occurred between her and Lim to that effect. Mr. Hoare was a medical man. By mistake he has been re ferred to in these reports as a clergyman.' Mr. Hoare said she hail better not see her sister on that occasion. Mr. Hoare paid the expenses of that journey. On her third visit she did not call en the defendant. She gave no notice to the defendant, because he should not dupe her again. She believed the defendant signed a certificate dot the plaintiff's discharge. The day after the plaintiff was discharged defendant gave to witness her sister's things and hank-book with her sister', money ; she was unable to say how much money was in the purse. He did not give Ler Ilat francs to defray the expenses of returning home. He said he would pay the expenses of the return journey. All the money he gave her she' handed to her ander. He said that if witness would take care of the plaintiff he would 'allow her Alf. per annum. Os 9th of October she wrote to defendant, enclosing the account of the expenses, to which be replied stating what he would allow, audio reference to the annuity be in formed her that if there was any repetition of the plain tiff's insane acts he should ask for an investigation according to law, in which case she would be taken out of the witness's hands and be placed under surveillance of a different nature from that to which she had been sub mitted. That letter was replied to, and about the same time the plaintiff came to England front Team, and commemed this action. _ _ Re-examined—She did not know the Mate of the accounts between her sister and the defendant ; what he gave to her she handed to the plaintiff. Mr. Hoare. surgeon, of Lancing, near Shoreham, Susie:, employed Memo.. Field, the detectives, and they sent Ilk. Simpson to l'aria , to make inqu iries about the plaintiff. Mr. Simpson returned, however, without the plaintiff. The first time he saw the defendant wee at the gate of the asylum at Cheranton, be had not com municated with him nor any one by hie orders. We walked together up the carriage drive, and he informed are that the plaintiff was deranged. That she had been very violent and had rushed at bins with a knife, the saliva running from the mouth. He said the attacks were periodical, and were occasioned by her age—the change of life—and that it bad been going on ever since 11161 ; he mid she had run away from Boulogne, and be producd a packet of letters which bad fallen into his hands which he wished to show me, inferring that the writing would indicate the changes in her state; he showed me the one in French, but I did not read any of them. He said it was unfortunate that I di 1 nut speak French, as Dr. taihniel did not speak English. They went with the interpreter and saw Dr. Cetinje!, who said through the interpreter that the plaintiff was certainly insane ; she was very restless walking about at night, but that although site would c ot injure herself she would ethers • the trainlation was that she was wicked. I saw her with the interpreter. I was with her an hour or two. I conversed with her and informed her what the defendant had said. So far as I could judge she was perfectly col lected and sane. I left her with the undervtanding that I would call for her the following morning. When I • rejoined the defendant I informed him Cat I did not thank there wa. anything the natter with her. He asked me not to take her that night, but to go house and consider of it, for if I took Iter away she would be at my cost, for neither nor hi. f..ther, nor the family abonld do anything more for her. Defendant said I could not take her withe 4 his convent. I replied that I scold, and that I had come l.° take her awl without coa gulating him. by applying to the British arauassador for an order. Defendant said.' Yon are "emir; angry again," and that he - meant that if I wanted to . take her away he would 1 give an order for her release, as required by the rules of the establishment. I left the plaintiff under the impres sion that I should take her away the following day, that I should call and see her. I took the night to consider, and went tle• next day and saw the plaintiff. I communicated to her teat I hod resolved not to take her away. She was deemed ready to Fo. and when she heard my determination she was much grieved, and cried. I had a communication from her in September, and a correspondence took place between myself and the defendant, in the course of which I heard she was in England. I afterwards saw her in Landon. She came to Lancing, and stayed some time. She was perfectly sane. and is so now. This is not my action in any sense of the word. There is no foundation ter saying so. - - - - Cross 4 samined by the Solicitor.Ger.tral—l was on. known to any one of the family except Mrs. Hoare. I was married on the :ird April, DC. We bad not seen then the Kerpiant or Sir Henry Storks. I have seen the latter since. I gave no intimation to the family that I had pent Simpson to Paris. I learnt by letter from Mr. Storks that le objected to it. Simpson heal expo,: orders not to com municate with the defendant. No communication took place between myself and the defendant from the time of my marriage until July, 186.1 i, whet, I communicated to her that we had sent Simpson to Paris, and offering to take charge of the plaintiff, and 4., all in their power to restate her health if he would allow her to return with Simpson. To that the defendant replied, declining the oder, preferring to have her unties him charge,and enclosing espies of the certificates upon which she was con fi ned. (no correspondence that passed between the defendant and wanes% WZIS put in and read. It principally treated of what the defendant called the imiuhaorial 'meadow, which the wittem had sought to be pi,t to hire by simpson. and the witness repudiated any such conduct on his part. De fendant also, in one of his letters. said it was the decided opinion of the medical men that she was labouring under such hallucinations as rendered it n that she should be confined in some lunatic asylum.) When I was in one of the medical men at the asylum expressed his opinion that the plaintiff was insane. (A letter was put in and read, written by the witness to the defendant before the former left Paris, in which lie stated that al though he remained of opinion that plainti ff was not in sane, he would not set up his individual opinion against those of the medical men, considering the great difficulty there was in defining certain phases of insanity, and again offering to take charge of the plaintiff. To this the de fendant replied, stating her dangerous date, and express ing his satisfaction that she had so far been taken care of as prevented her from adding to the list of criminal lunatics, and that he was perfectly reedy and willing to do everything he could ter an old and faithful servant. From her wretched state it would he necessary for them to act with great pruden,e awl caution in giving her her liberty. She has always repeated her statements with reference to the defendant's unkindness to his father in the same manner. That was her style of conversation whenever she got on that subject, but she was not very excited. There was an endeavour on my and my wife pout that the action should he settled, and that the de fendant should allow the plaintiff his original proposition of 801. per annum. The defendant said it was utterly im possible for him to settle the action after the imputa tions that had been made against him. I did not tell the defendant, after seeing the plaintiff's con fessor, the medical men, and some others, that I believed the plaintiff was insane when she was placed in the asylum. I Raid nothing to that effect in the office of MEMIL rover dale, defendant's attorneys. When I went there for the pur pose of settling the action, defendant was to pay the costs of the action, furnish two rooms for her, and settle on her 801. per annum ; defendant said "she was to be as was said to the soldiers-- 'as you were.'" (Laughter.) Messrs. Covenlale said those were sot their instructions, and the thing went off. Defendant wrote to his sister that he was advised that he could not purchase the plain tiff's silence by the terms proposed, because it savoured very much of dishonest extortion, and there would be no knowing its limits. By a juror—l declined taking her out of the asylum because I could not see how she was to support herself. The further hearing of the case was then adjourned. COURT OF EXCHEQUER. -F44. 4. Sittings at Nita Prias in Middlesex.—tßefore 11r. Baron Martin and Special Juries.) MANFIELIi T. TrATMAN. This wits an action to recover 18a. 2d. for the sale of certain provincial newspapers. Mr. Coleridge. Q.C., and Mr. Horace Lloyd were counsel for the plaintiff; Mr. Mellish, Q.c., and Mr. Watkin Williams for the defendant. The plaintiff, Mr. William Man&ld, resided at For tisham, in Dorsetahire, and was formerly the owner of the Donut Kepner and fifteen other local newspapers published in different towns in the West of England. The defendant, Mr. Maywood Sbuttleworth Yeatinan, was a magistrate for the same county, and a gentleman of strong conservative opinions. In January, Infi.l, a company was formed to purchase the plainti ff 's interest in these journals, which were chiefly of a liberal tendency, for the purpose of gra dually converting them into conservative organs. The title given to the undertaking was "The Church and Country Newspaper Company (Limited)." and according to the printed prospectus, which was issued under the sanction of the Archdeacon of Dorset and • number of country clergymen and gentlemen, the capital was to be 3.000 f. in sr of 12f. 10s. each, the object of the company being "to provide cheap, good, and independent organs of public opinion for elevating the moral and religious tone, and particularly devoted to town and country interests." In this prospectus the defendant's name appeared as trustee of the share capital, and he bad opened an account in his own name at a load bankers' oe behalf of the company. There was a memorandum of agreement for the purchase, signed by Mr. William Wallace Fyfe, on behalf of himself, the defendant, and several other gentlemen. whose names were set out, and Fyfe had accepted two bills for I,ooof. each for the good-will and stock-in-trade of the news papers, as well as two other bills for a total sum of 1,1:r2f. Ifie. 2d., being the amount for which the plaintiff sold book-debts of about 2,01/0/. Of these debts the com pany had actually received $10?., which they bad used in carrying on the papers; but none of the bills had been honoured, and the plaintiff now sued the defendant upon them on the ground that he was liable, not only as a promoter of the company, but from having taken personally an active part in the negotiations for the sale of the property. It triurmirint that Fyfe, who had formerly been editor of the Counts Chronicle, a Tory journal, had become a bankrupt, and that the company was so far un successful that the shareholders were about to meet to consider the proprieV of winding it up. Out of the capi tal of : 1,000/. only 4 50/. was paid by the shareholders. The defence was substantially that Fyfe, the real pro moter of the company, was the responsible party, and that the defendant could only be held liable for the amount of shares be had subscribed for. The defendant said the com pany was first brought to his knowledge by Fyfe, who had received notice to retire from the editorship of the Thirrof Onsuffs Cisronide. and being anxious to assist him, he agreed to take some shares and set as trustee, but he never gave blur any authority to sign the contract in question as his agent. Mr. Baron Martin,in summing up, said the first question was whether the defendant gave authority to Fyfe to sign the agreement on his behalf, and if the jury thought he did not they would next have to consider whether he had by his acts subsequently adopted the agreement in which his name was distinctly mentioned. The jury, after being locked up for a quarter of an hour, returned a verdict for the plaintiff for the amount claimed. CENTRAL CRIMINAL COURT. (Before Mr. Jwtice Blackburn.) Mr. Justice Blackburn having summed up, All the prisoners, who had been seated in the dock as on the previous days, rose up and declared that they were in nocent. Holdsworth also stated that he bad no thing to do with the insurance of the pretended cases of arms, except by the direction of Pride, the witness from Liverpool, who had been examined. And Webb also said that the second mate bad made gross mistakes in his log, and that he was 1,980 miles out in one day's reckoning. The jury retired shortly after four o'clock to consider their verdict, and after an absence of about half an hour they returned into court and gave a verdict of Guilty against all the prisoners, but recommended Dean to the merciful consideration of the court, on the ground that he had been greatly under the influence of the prisoner Holdsworth. . Mr . Metcalfe was then shout to take some legal objec tions to the form of the indictment, but Mr. Justice Blackburn said be was too late to do so. The objections were clearly of a technical character, and they should have been made before the verdict was delivered. All he could permit the learned counsel to do at present was to state whether he had anything to urge in arrest of judgment. The prisoners were then called upon in the usual form to state whether they had anything to urge why sentence should not he passed upon them. Webb repeated the statement he had before made, that he knew nothing of Holdswortb or Captain Leyland until he was engaged as mate, and that the second mate had mule great mistakes in his evidence. Mr. F. H. Lewis said he *ought it right to inform the court that in lso'2 Cunene, the Liverpool detective, had • warrant against Berwick for being concerned in the destruction of a vessel belonging to him called the Kate Kearney, although ill consequence of the absconding of another person who was alleged to have been concerned with him in that offence no proceedings were taken. When Berwick was apprehended there was also found in his possession a letter from the captain of the Jane ' Brown, which showed clearly that she was wilfully destroyed, and he had also to inform the court that he held in his hand a list of fifteen vessels that had belonged to Berwick and Holdswortb, either jointly or separately, the whole of which had been lost at sea, as was believed, wilfully. The prisoner Holdsworth declared that be was innocent of the charge of which be had been convicted, and that be had merely acted as the broker in the transaction. He bad been convicted upon the perjured testimony of two men, with one of whom he had been on terms of inti macy and friendship. and to whom he had given money to keep him from starving, and he would rather unde e = years of penal servitude than be at Urge with such f as they must have upon their conscience. Mr. Justice Blackburn then addressed the prisoners, and said that after a very long and protracted trial the jury had found them guilty of this moat serious offence ; and it appeared to him that the evidence was quite satisfactory. and that the jury were quite right in the conclusion they had arrived at. The prisoner Holdsworth had stated that he was convicted upon perjured testimony, and there could be no doubt that the witnesses Pride and Leyland were very bad people; but lie could not bring himself for a moment to believe that he was innocent after the evidence that had been given of his having procured the insurance of the vessel, and the other o:Terrence' in which he seemed to have taken • part, particularly when it appeared to be perfectly clear from the very ffrirt that it i was intended that the vessel should be de stroyed and that she should never reach her destination. He was sorry also to be obliged to say, that from what had transpired in this case there was too much reason to fear that this practice of effecting large insurances upon vessels and then wilfully destroying them appeared to be part of a regular system. With re gard to Berwick the same observations would apply, and he was afraid that he had been before connected with similar cases, and it was also clear that his name and re putation were such among underwriters that he was unable to effect an insurance in his own name, and had there fore been compelled to resort to the expedient that had been adopted in the present instance, of procuring another person to appear as the owner of the vessel. Their cases were both, therefore, in his opinion very bad ones—they not only commited an enormous fraud upon the under writers, but they also would have defrauded the owners of the freight, Sir J. Pirie and Co., if they had not fortu nately effected an insurance upon it to the amount of nearly 4.0101 W. ; and in addition to this, they bad also iu jeoi.aidy the lives of the whole of the mariners who were on beard. The sentence on them both, therefore, would be that they be kept in penal servitude for the space of 20 years. As regarded the prisoner Webb, his case was also a very bad one; his conduct bad not been oohed as that of Captain Leyland, with respect to whom he could only say that he regretted that tae ends of justice had rendered it necessary that he should be made a wit ness and that he conld not be prosecuted ; but still his was a very bad case, and the sentence upon him would be that he be kept in penal servitude for the space of ten years. As to the remaining prisoner, lkan, there was no doubt that be had taken a subordinate part in the affair, but no one could doubt, looking at all the facts disclosed in the case, that he must have been perfectly well aware of the nature of the transaction that was going on, and although be was anxious to give effect to the recommendation of the jury, he still felt himself called upon to inflict a sentence of penal servitude, but in his case it would be for five years only. The prisoner; were then removed. Mr. Justice Blackburn then said he had great pleamiro in discharging the jury from further attendance, and he would give au intimation to the sheriffs, which he had no doubt would be attended to, that they should not be called upon to serve again for double the usual period, namely, six years. The court then adjourned to Monday, Feb. 25. Mr. Trail said it was important that it should be publicly known what the law really was in such cases. In the event of rioteus proceedings taking place, which had recently taken place in that district, and persons sustain ing damage therefrom, it was necessary that all claims in respect of such damage should be lodged with the high constable of the hundred within a period of seven days and where the damage claimed did not ex md 30/., the justices could order payment of any sum to which applicant+ might be con sidered fairly entitled ; and where the damage exceeded :10/. (the same notice being given to the high constable), then the sum to be recovered would be by notice of action at law. He was afraid, therefore, he could render no as sistance in the present instance, no claim having been made until ten days after the damage had been committed, and the only course open to persons who had sustained injury through the riots would be to make known their losses to local committees distributing funds raised for relief of distress, and ascertain if anything could thus be afforded them. The applicant thanked his worship, and then retired. UNIVERSAL MARINE INSURANCE COMPANY (LIMITED). The seventh ordinary general meeting was held yesterday at the London Tavern ; Mr. H.tiivEv LEWIS, M.P., in the chair. The report of the directors has already been published. ——- - - - The CHAIRMAN said that the report was so explicit and ample that but for the natural anxiety of some shareholders to obtain more detailed information be should have contented himself with simply moving its adoption. They (the board) had been asked what was the total amount insured in 1866., The amount underwritten in that year was 12,000,309/. which was considerably lees than the amount underwritten in 1865, when it was 16,799,947/4 the diminution wax, therefore, in 1866, upwards of 4,400,000/. as compared with 1865. That was accounted for by the general state of commercial and shipping busi ness. and to some extent by the greater care and attention bestowed on the underwriting, the practice being to refuse business that was not advantageous. On the 31st of December there was outstanding on account of the 12,000,3091., 2,678,0001. They had given in detail in the ac- I counts the amounts standing to the credit of the under writers' account for each year from 1862 to 1865. The ad justments and returns paid during the yearwcre on account of the year 11460, 8711.;1861, 757/.; 1862, 3811. ; 18413, 4,790 t. ; 1864, 18,883/.; and in 1865, 99,876/. ; and comparing that statement with the following they would see the amounts outstanding in December, 1866,were for the year 18110, nil ; for 181$1, nil ; for 1862, nil; for 1863, 8,1701.; for 1864, 34,6701.; and for 114115, 10,8501. ; whereas they had standing to the credit of the underwriting account for the year 1862, 18,500/. ; 1863, 42,3961. • 1864 (which was the disastrous year in which so many losses by shipwreck oc curred), 18,0101. ; and for 186.5, 51,4271.—(bear, hear) — making a total of 130,433!. In answer to a question which had been sent to him previous to the meeting he wished to add that upon the account for 1845 they had only been called upon since the Ist of January to pay 1,100!., out of the 51,4271. outstanding ; and at present he knew nothing of any other claim. He had also been asked I what was the meaning of the item premiums returned in 1866, on account of 1863 to 1865? That represented , sums paid back to the insurers on account of limitations of risk and short interest, matters which were contem plated in the policies, but could not be ascertained when the policy was granted. Then the expenses of establish ments and management, 17,800/., had been commented upon as being in excess of the charges under the same head in previous years. (Hear, bear.) The reason of the increase was simple. If circumstances had remained the same as they were in 1865, this item would have appeared 801. less than in the previous year. But their !superin tendent of the underwriting department, Mr. Harper, became entitled to a commission upon the assurances effected during his tenure of office. This amounted to 1,0681., which of coarse the board had great pleasure in paying him, and in consequence of his giving up his agree. meld for a term of years he received 1,200/. These two I sums accounted for the increase, and but for this, as be bad said, the charge would have been 800 f. less than in the former year. Another question was as to the character 'of the securities held by the company. 120,000!. of the sum mentioned in the balance-sheet was in govern ment securities, viz. -37,1591. Consols, and 84,2.110. Three per Cents. ; the red were 15,0001. of it in India government bonds, 10,000/. in Canada govern. ment bonds, 10.04101. is cash on deposit at call, 15,0001. Madras Railway bonds, 8,000/. ficinde Railway bonds, and 7,000/. North British and 5,000!. Great Eastern preference shares; besides which they hail a balance of 8,0001. at the bankers'. All the securities were therefore perfectly safe —the only exception that could The taken being as regarded the North British and Great Eastern preferences which were improving, and from which they might expect to receive the interest in future years, and probably that which remained unpaid for the past. That the assets shown were diminished in the present accounts was accounted for by the fact that the company underwrote • great deal less and received • leas amount of premiums in the past than in previous years ; but on the other hand, they had • lighter outstanding liability, and upon the best consideration the directors could give to the matter they were decidedly of opinion that, taking all things into account, the company was upon the whole much better off now than it was at .the same period last year. (Cheers.) Their position had gone ,on improving from year to year, and was still progressing ; and, as they could point to a considerable recovery of assets, the board felt that they could out of the profits fairly recommend • distribution amongst the share. holders of 9a. lid. per share by way of interest. This would involve only about 6,9001., and would not in any way interfere with the credit of the company, and was fully justified by the gradual but continuous improvement which had taken place in the affairs of the company since the year 1862. They had experienced some exceptional losses during the past year, such as no underwriter could have anticipated, occurring as they did upon the very best risks, but they had suffered only in common with their neighbours, and he hoped the accounts of the year would run off satisfactorily. After paying a compliment to the ability and prudence of the company's underwriter, referring to the great attention paid by the directors to the business of the institution and taking credit for the punctuality with which the company met all claims, which be said bad contributed largely to the high position of credit it commanded, he concluded by moving the adop tion of the report and accounta. Mr. De Pans seconded the motion. In reply to a SHAREHOLDER, The CHAIRMAN said that the securitieswere alwaystaken at wet price ; bad they been taken at the price of the day, it would have made a difference of about 7,0001. to the debit of the company ; but then credit should have been given to a far larger amount for re-inaurancea de bited to 18G6, but which rightly belonged to 1667, and other matters. The same SHAREHOLDER inquired whether, if the men charged with scuttling a ship should be convicted, it was the intention of the board to take steps to recover the I,OOW. which had been paid on account of the insur ance. The CRAIRMAN replied that the matter wee in the hands of the solicitor, who would advise what course should be adopted. The St! AILIIHOLIDER next demanded a detailed statement of the 17,8001. charged for the expenses of the company, which he considered excessive, especially the amount paid to the directors. —.— Several Proprietors, " No, no ;" and others, " Yee, yes." The CHAIRMAN repeated that, but for the exceptional items which he bad explained, the expenses of the putt year would have been las than those which in previous years the proprietors had sanctioned. The remuneration received by the directors was 3,6001. • year. The under writer received 3,0001. • year, and the rest was made up of salaries and other ordinary charges. Mr. V. K NIGHT comp lained that the directors should have gone on taking . a year, more than 25,0001. in all, while the shareholders got nothing. He believed they were only entitled to be paid according to the profits made, and seeing that, as far as he could ascertain, they had made no profits, the Court of Chancery in his opinion would make them refund. He held that such securities as those cd the North British and the Great Eastern ought not to be taken at the cost price but at the present value. After remarking that the chairman had, in the shape of salary, received a great deal more than his entire invest ment in the company, he concluded with a resolution to the effect that the directors should be paid by • per centage on the profits. In the past 3 oar he believed the profits had been nothing, and that the proposed 2a. lid. per share, therefore, would have to be paid out of cipital, or from some other source of which the shareholders knew nothing. Mr. SuATER thought, under the circumstances, the di rectors ought not to take any remuneration, but leave it to the shareholders to make up the lee way to them when the company was in • better position. He asked whether the board had diactumed the question of the policy of join ing some other society, such as the Ocean Marine. The proposal to give the shareholders 2s. fwd. a share, or 2i per cent., was • mockery, and he thought the directors would have done better had they proposed 3a. Cal., which would have allowed them still to carry over • balance of more than 700/. He preferred that they should have shareholders to audit the accounts rather than profes sional auditors, and he further objected to having • per manent chairman. The CHAIRMAN repli ed generally to the remarks of Mr. Knight and Mr. ter, pointing out the difficulty the directors bad in meeting their conflicting views es to dividend. With regard to the auditors, they had been chosen by the shareholders, not by the directors, and if they were dissatisfied with what they had done, they could at the present meeting set the thing right, not only as regarded the auditors, but as to the directors, who retired by rotation (of whom he, the chairman, was one), neither of whom need they reelect unless they desired. Mr. V. KNIGHT wished to have a distinct assurance that the 25.61. per share would be paid out of profits. Sir J. LUBBOCK (a director)—ln regard to the chairman ship, Mr. H. Lewis had been anxious to retire, but he re tained the chair at the earnest request of his colleagues. On the 31st of December the difference between the cost and market price of the securities was 7,00 W., but that difference was now reduced to 5,00 W. He admitted it would be as well to put down the securities at their pre sent value, but the accounts as made out were in accor dance with the usual form. The proposal to pay thi. 6d. a share was not resolved upon without taking the advice of the solicitor on the point. A SHAKEHOLI,ER recommended a redaction in the value of the shares. I No, no. Some other remarks and questions in reference to the accounts and the legality of the dividend were made, in the course of which one gentleman contended that en examination of the accounts for the past three years showed they were 55,000/. to the bad, while another, who described himself as an experienced underwriter, held that the report was moat satisfactory, and proved that the di rectors had not only successfully exerted themselves to keep the company afloat after it had lost all its capital, but was rapidly placing it in a sound position. Mr. U. BELL, a director, compared the present state of the company with what it was in 1862, when the company had lost the million it had received aspremiums in the first year of its existence, enforced his conclusion that the company hail most satisfactorily progressed, and depre cated some personalities which had been directed against the board. Mr. MORRIS, the solicitor, gave his opinion that the dividend might be legally paid under the section of the articles which directed dividends to be paid out of profits, the profit out of which it was to be paid having, according to the audited accounts, been m►de during the year. The directors, too, were entitled to receive their remuneration from the same source. They could not alter the shares except by s reconstruction of the company, which would be difficult and unsatisfactory. Mr. CROSBY, of the firm of Quilter and Ball, the pro tensional auditors of the compass, testified to the accuracy of the accounts. After some further discussion of a somewhat noisy character, and a charge, which was met by a denial, that greater losses had beau sustained last year than before — the resolution adopting the report and balance-sheet was carried unanimously. A dividend at the rate of 2s. Cd. a share free of income tax was then declared. The directors retiring by rotation—Meson. Lewis, M.P., Gladstone, Noire, l'eanie, and Samoa—were re-elected. Sir JOHN LUBBOCK. in proposing the resolution, re. marked that the company had since 1862 been making profits at the rate of 20,0001. a year. The directors, there fore, who had, by their own influence, brought business to the company showing a profit of 50,000/., and who held one-sixth o f the entire capital, were hilly entitled to the remuneration the articles authorized them to take. The election of Mr. Mutticbury, who hail been appointed a member of the board by the directors in the mom of Major Usborne, deceased, was con fi rmed. The auditors, Mesas. Quilter and Ball, and Mr. W. H. Ashurst, were re-elected. Mr. Kluottr submitted •motion for altering the clause in the deed which awarded remuneration to the directors, and directing that the amount should be appropriated to the benefit of the shareholders, but, in compliance with an almost general demand, withdrew it. " '" • " ' • ' A vote of thank% and confidence in the directors OM chided the proceedings. NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY (LIMITED.) The second ordinary general meeting of this company took place yesterday at the office', Old Broad street ; Mr. P. VANDEKBYL, M.P., in the chair. The minutes of the last meeting having been confirmed, the report, an abstract of which has been published, was taken as read. The CHAIR), tN, in moving its adoption, mid that as the report had been upwards of • fortnight in the hands of the shareholders he presumed that they had all carefully read it and would probably agree with the board that they might congratulate themselves upon the successful result of the year's labours. By the latest advioes they had received from the colony they heard that the prospects of the business were daily increasing, and that it was of a very remunerative character. They had established an agency at Auckland and Christ Church, and in consequence of the number of branches possessed by the Bank of New Zealand they had also the advantage of some 30 or 401°04 agencies. Referring to the late commercial panic, he might say that during the whole of it they were in so fortunate a position that they never felt the slightest pressure, but were always able to meet every liability ; and their securities were all of that class that they could always have realised them imme diately if required, and have done so at • profit. (Cheers.) The rate of interest, however, was so bad, that it entirely prevented a great many people depositing money of which they might otherwise have had the benefit. In conse quence of that they had not issued so large a number of debentures as they might otherwise have done ; but he was happy to state that during the last few months the debentures had been coming in gradually and steadily; and the directors had reason to believe that next year there vrould be &considerable increase in the amount of debentures. (Cheers.) One point had been broached very frequently by the proprietors, namely, the amount of liability on the shares. (Hear.) As they were aware, their shares were 25/. each, on which, with the exception of 100, only 2/.los. had been paid, and some people thought that the amount of the capital called up was too small as compared with the large amount of the liability on the shares. Hitherto they had made no calls, because they found that they could work well with the money in hand ; but as they were now paying such handsome dividends, be had no doubt that should they require to make • call (and he hoped that the increase of the business would be such that they would require to call up more), it would be cheerfully responded to. (Hear, hear.) At the same time it had come to the knowledge of the board that many of the shareholders were desirous to pay their calls in antici pation, and the directors being quite agreeable to the movement, thought it fair to allow gentlemen desirous of doing so to pay up 10/., or 15/., or more if they plowed, allowing them interest at the same rate as was allowed to depositors for any length of time. They were desirous of meeting the wishes of the shareholders by reducing the liability on the shares, but there were so many legal diffi culties in the way of doing so, that it was almost an ini ponibility, nor did he think it was in any way desirable that such liability should be reduced. The profit to be derived from their having a large amount of debentures was likely to be very considerable, and they wished to show the debenture holders what a splendid pro prietary body they had, and which be really would match against the proprietary body of any other company in the city, and therefore to induce debenture holders to deposit money with them on the faith of the security represented by such a large amount of uncalled capital, and for that reason he thought it would be unwise to reduce the lia bility on the shares. (Hear, hear.) New Zealand was a colony in which commerce was rapidly advancing, sad ones element of its prosperity was sheep fanning, which was now carried on very largely and very prosperously as com pared with Australia. He would not refer to the question of the gold fields, because advantages of that kind were almost always of a temporary character, but the steady progress which the country was making in regard to wool growing was very important indeed, and as that was a business which they intended specially to take up, be laid great stress upon it, and looked forward to this company's reaping considerable profit in connexion with it. He concluded by again congratulating the shareholders on the prospects of the company, and by the formal motion for the adoption of the report. _ Mr. EAGLE, in seconding the motion, expressed his opi nion that the dividend was, under all circumstances, a very satisfactory one, and he was pleased to hear from the chairman that there was every probability of its being kept up. He, however, expressed his regret at finding that the shares did not stand No well in the m ar k e t as the respectability of the direction and the profitable business of the company seemed to justify, and could not help at. tributing that to the uncertainty which prevailed in re ference to the intention of the directors to make a call. A SHAREHOLDER thought that it would be desirable that en opportunity should be offered to the shareholders to pay up 10f. or per share before a call was made. The CHAIRMAN explained that what he meant to say was, that the business was developing itself to such an ex tent in New Zealand that it was possible that at some future time a call would be required, but at the present they did not require any more money. At the same time. they would eerily accommodate hon. proprietors by taking any money which they deposited with them in anticipa tion of calls, and by so doing, the probability of having to make a call at all would be remotely deferred. He wished it to be clearly understood there was not the slightest in tention whatever of making a call. With regard to the debentures, they had poured through such a year of panic that they could not expect, as a new company, to receive a very large amount. (Hear, hear.) At the same time, they had reason to be proud of the class of men who had de posited money with them, and of the amounts** deposited. Ho did not think that it would answer any practind pur• pale to state the total amount of the debentures taken up. The report was then put and carried unanimously. A dividend was next declared at the rate of 12 per cent. per annum for the half-year, free of income tax. The retiring director, Mr. It Boutcher, was re-elected, as were the auditors, Messrs. R. Tucker and W. P. Pattison. In reply toe SHAREnciI.DER, The CIIAIMMAN said that the amount of remuneration to the directors, of whom there were twelve, six being in the colonies, was 1,r,0r . per annum. Mr. GIULHANE, one of the directors, reminded the share holders that the ppttoossppeecity of the company very much depended upon thsosalvas, and called upon them to use their influence with their friends to take debentures, which were fully secured, and formed a most profitable investment. A cordial vote of thanks was given to the chairman end directors, and a similar compliment having been paid to the manager and officers of the company, the proceedings terminated. ADMIRALTY, FEB. 4.—APPonermllNTS.—Sub- Lieutenants—S. G. Smith, to the Rodney m arcw . I. Bridger, to the Racoon. Midshipmen—F. Logan. to the Royal Alfred ; C. B. Neste, E. B. Brietseke, and G. IL Menial to the Itaioos., [Advertisement. J—Rowlands' three great prepa ritions for the hair. the complexion, and the teeth, are known In all quarters of the globe T he ir famous •• Macassar Oil " has hetn counterfeited in France. Germany, and ebewhese, but none of the tpuriollf. PnVaraltons have pomessed the estraordinary properties of the genuine article. Rowlands' Kalydor" for the mamplexion has retained its prominent place among fashionable cosmetics notwithstanding the numerous new articles Into fur the complesion. The "thionto" for the teeth is highly prized by thousands who have used no other d e ntifri ce f o r years. Rowlands' grmit slicers! dining the put two generations, and their present prominent posation as manufacturers nmy Justly tai attributed n' the excellent character o f th e ir articles, sell to the fart that unlike many ether proprietors of established fame they do not allow their cosmetics to deteriorate in Boston 'Transcript. MIDDLESEX SESSIONS. The February general sessions of the peace for the county of Middlesex commenced yesterday at the Sessions house, Clerkenwell-green. The calendar contains the name, of 76 prisoners corn. mitted for trial, all, with two exceptions, being indicted for felony. The grand jury, after a few remark, by the Asaistant- Judge, were dismissed to their duties. CAarles Canard, 17, was indicted for stealing • gauge, value 35., and • chisel, value 5. 4d., the property of his master, William Watson, who was willing to take him back. _ _ _ The prisoner pleaded guilty to the indictment. The Assistant-Judge sentenced him to be imprisoned and kept to hard labour for one month, and during that time to receive twelve strokes with a birch rod. William Williams, a private in the Fusilier Guards, was indicted for stealing • silver watch and chain, value ;U. the property of Thomas Lowe, from his person. The prosecutor, a compositor, employed at Mean. Spottiswoode's, detailed the circumstances under which the prisoner on the night of 12th of January violently robbed him of the property in a passage leading to Spring gardens. The watch and guard were not recovered. The ry found the prisoner Guilty. A po lice-officer said—About ten minutes before this robbery the prisoner knocked a gentleman down in the Haymarket, and took from him 4s. and a bottle of gin. The money and some of the gin in the bottle were found upon the prisoner. The gentleman who was robbed gave a false address, or the prisoner would have been prosecuted on that charge. . . . . . . . ----- The Assistant Judge sentenced him to be imprisoned end kept to hard labour for 12 months. (Before Mr. Payne.) *hoard Pideni, 24, was charged with stealing a purse and the sum of Ba. lid., the property and money of Robert Nicholls, from his person. The prisoner stopped the prosecutor, who, at his solici tation, gave him some beer and bread and cher,..e. The prosecutor, after some time had elapsed, fell asleep, and was awakened by the operations of the prisoner about his pockets. He missed the money immediately afterwards. The jury found him Gaillg, and Constable 129 T having proved several small terms of imprisonment against him, Mr. Payne sentenced the prisoner to months' im prisonment with hard labour. SURREY SESSIONS. Yesterday the February adjourned quarter sessions of the peace for the county of Surrey commenced at the See sions-house, Newington-causeway. The calendar contained the names of 54 persons for trial-52 for felony, and two for misdemeanour. The status of education was as follows:-15 could neither read nor write, six could only read, 3 . 2 could read and write imperfectly, and only one could read and write welL On the grand jury being sworn, the chairman said that the calendar contained the names of in prisoners for trial, and he was happy to inform them that it was much bus than thecorresponding session last year, I which ho considered hig y favourable when they remembered what hard times they had passed through and the hardships of the poor and destitute. At the same time, the offences were of a very slight nature, so much so that the grand jury might be of opinion that the magistrates should have dealt with them sum marily, instead of troubling this court with them. lie, however, regretted that although the offenoes were mostly slight, the offenders were old thieve', some of them having been repeatedly convicted and served penal send- i tide. By an order from the Secretary of State magistrates at police-courts and petty sessions were restrained from I dealing with such prisoners, having direction, to send them to the sessions, so that the court would pass such a sentence as to keep them from their pursuits for a long period. There were 23 prisoners for simple larceny, eight ; for stealing from the person, four for obtaining from their masters, four for embezzlement, two for stealing goods by false pretences, four for breaking and entering dwelling- I houses, one for cutting a horse, two for cutting sheep, and ; two for cutting and wounding. (Before Mr. T. Tilson.) Richard Rolla, a respectable-looking young man, who has been employed as cellarman in the Crystal Pekoe for upwards of eight years, was indicted for feloniously smelt ing Mary Chart, and violently stealing from her person two coats, the property of Thomas Chart, and one watch and other articles, the property of Richard Lambert. Mr. E. Smith prosecuted ; Mr. Lilley appeared for the prisoner. Mrs. Chart said that on the Sunday the fire broke out at the Palace she accompanied her husband and a young man lodger there, and being shareholders they were ad mitted. Soon after the fire broke out, her husband and friend, being anxious to assist in extinguishing is, threw off their omits and hat", and gave them to her to take care of ; and her lodger, in addition, handed her his gold watch and guard chain. In a short time afterwards she heard something said about the wild animals being let loose, and, becoming much alarmed , she asked prisoner, who appeared to her to be a person in the company's employ, to show her into the garden. He offered to do so, but instead of taking her to the garden, he took her downstairs underground, and when there rid. " I must have the watch and chain and the three costs." He then caught hold of her by the cloak near the ducat, and took the things away from her. While he was doing so she called out " Murder," but the place appeared so dismal and lonely that she did not think anyone could have heard her. On her leaving off prisoner said, " I must have that chain you are wearing also," and was about to take it, when she rushed away, and ultimately reached the build ing—in what way she could not tell. For the defence several witnesses were called, including Mr. Bertram, the contractor, and master to prisoner, all of whom spoke in the highest manner of him, and also went fully to prove that prisoner could not have been where proeecutrix stated at the time, and, in fact, he was with one or the other of them during the whole time of the fire. Mr. Lilley also made a powerful defence, when the jury returned a verdict of Not --- THE POLICE COURT& WORSHIP STREET. John .Vaynard;ii - , - leWriieCias a shoemaker, but having all the a nce of a blacksmith, and John fillet, 28, tall, of upright carriage, calling himself a tailor, without any fixed residence, were placed at the bar by Inspector Haskell, of the C. division of police, and Ser geant Maw, the City detective, charged with attempting to buiglaiiously break and enter the dwelling-houses, NOS. ;l and 64, City-road, tenanted by John and Luke Hancock, jewellers and opticians ; also with having in theirpossessiou housebreaking instruments. Not any defence was offered, and both were fully com mitted for trial at the Central Criminal Court. isOCTHWARK. Robert Zoe, a very nice looking lad, twelve years of age, was placed at the bar before Mr. Woolrych for final exami nation, charged with striking Jane Bourne, also twelve years of age, on the head witha hammer, and threatening to murder her. the prosecuting officer of the Associate Institute for enforcing the Laws for the Protection of Women and Children, watched the case on behalf of the society. It ;appeared that the prisoner and prosecutrix attended a school in Snowthelds. Bermondsey, and living near each other they wad to play together. latterly, however, the girl took a liking to another boy, which caused some jealousy between them, And the prisoner was heard to say " that one of these days he would do for her." Accord ingly one day after school hours he secreted a hammer in a corner of the yard, and as the girl was leaving school he attacked her and wounded her in such a manner that she was conveyed in a abate of insensibility to Guy's Hos pital, and after that the prisoner was apprehended and remanded from time to time for the attendance of the prosecutrit, who now appeared, the wound being nearly halted up. In answer to the charge, the prisoner s a id that he need to play with the complainant, but latterly another boy had come between them, and she told him unlese he gave him a hiding she would have nothing more to do with him. He told her that the other boy was too big, when she struck him, and then he knocked her down. He never used a hammer, and never said be would have her life. Mr. Woolrych committed him for trial for unlawfully wounding the prosecutrir._ ..... GREENWICH. An application wassmade to Mr. Traill, the sitting magistrate, for compensation respecting damage sustained by tradesmen in Deptford and Greenwich, arising out of the late bread riots. The applicant's shop windows had been broken and the stock of bread on the premises car. ried away by a tumultuous mob. The loss was estimated at between J. and 1;/. LONDON, CHATHAM, AND LifIVER RAILWAY. Yesterday afternoon a meeting of the 13 and c shareholders of this company— i.e. the propri e t ors o f the Metropolitan Extensions—washeldat the Victoria Stake Pimlico, to receive the report of the committee which w e ; appointed at a meeting held on the 10th of January last Mr. H. D. WARIER took the ch a i r . 1 I The report of the committee, the substance of which Ilse already been made public, was taken as read. The CHAIRMAN, in moving its adoption, after mention, u ' that the committee bad received from a great number ol shareholders expressions of their approval of th e v i em expressed in the report, said that their principal i e ,,,,, a mendations were that the metropolitan extemea„. t h e p capital of which amounted to 5,733,000/. as ag a i n s t yi 6,4 09,000M_ ~ the capital of the original und er t a ki ng _ 5 should be distinctly and fairly represented at th e to board—(hear, hear)—that the liabilities of each seen, * es of the railway should be confined to itself • and i N h yt et in the case of the money proposed to be raised t he liability St of each section for the payment of interest should be cey et fined to the money proposed to he expended upon that it portion of the line. The directors bad consent e d th at t h e et. ta committee should draw a clause providing that the Metro. St politan Extensions should be liable only for the mosey N. which was expended upon them ; and under those cu , la cumstanoes he saw no reason why the 1; aud I ' A mt . st. holders should not give their hearty concurrence to th e N. bill which the directors were about to introduce into par. et se. liarnent If the plan which was embodied in that nee. AL sure could not be carried out, and if the director saw sc that provided the debenture holders showed forbeanice, St they could extricate themselves from their difficultita by AL means of a sum of 500,0001. or 750,0001., he thought that N. the shareholders ought to raise that amount by si b. 10 le scribing 5 per cent. upon the capital which they held , 800 and if others would act is a similar spirit he should be ready to subscribe 3,000/. for that object. (Hear, b r a e ) 0 If, however, everything was togo to the bad, the alternative plan of the committee was that the metropolitan sect i ons 9 should go to parliament and obtain power to ser e themselves from the general undertaking. If th e y did that, he bad no doubt that with the assietaw o f other railway companies they would be able, with a little time and patience, to place their property in a satisfactory position. Their rolling stock was, he was happy to be ~ . c to state, in capital coudition, and quite adequate to ern the demands of any traffic which they were likely to 6, * called upon to accommodate. As Messrs. Peto and c e , would not permit the IS and C shareholders to sharera teably IS with other creditors, the committee had thought it right 10 to commence an action against them, and the snit was now at at It was desirable that there should be • mediae' 1 l o i f end a ing icruple of members of each of the different et. os. 1 committees which had been appointed, and, se et. far es this committee was concerned, they wee et. most anxious to do anything that could be down 90 for the benefit of the concern, a nd t o relieve it from its St. 10 I di ffi culties. (Hear, bear.) In conclusion, be m ove d " t h at 'be the meeting confirms the report of the committee, and re- , le quests them to continue and act in furtherance of the re solutions passed at the meeting held at the London Tavern on the 10th Jan., 1867." The motion hving been seconded, ea. I Mr. DRIaLVE thanked the committee for their most 100 business-like report, and inquired whether they thought Si that the Metropolitan Extensions were intrinsically a good 20 2 0 2 concern. 14 The CHAIRMAN said that there was no doubt that they 100 Were. Mr. Beisene said that it was welts the H and Cabot- at holders attempting to do anything without the co-opera. St 100 tion and assistance of the debenture holders ; and to secure et that, they ought to know exactly how the directors in- in tended to apply the 1,500,000/. which they proposed to et. raise. Did the board intend to proceed against SUS. M, Petal and Co., the members of which firm were living in 300 luxury while others were starving. (Hoar.) 100 , The CHAIRMAN said that the committee fully recognised 100 ' lOO ' 2 the importance of obtaining the concurrence and assistance 100 • of the debenture holders, and if they could secure them too al from having placed before them anything beyond a iota of 100 al 50,000/., which was required for the erection of coal sheds, 110000 V ell the earnings of the Metropolitan Extensions would soon lay al 100 to the bondholders 4 per cent. He had asked the dire. 10 all tors whether they intended to take any proceedings again,* 0 6 Sir B. IL Peto, but be received no formal answer. The m ! 4 feeling seemed to be that one board of directors could not IL :NS well proceed against another ; and that it was not for the St I* IL 1 2 present directors, but for other parties, to take action I/ IS AU the matter. SA AU Mr. BlLLmes would answer for it that the bondholder' me A were in no way hostile to the B and C shareholders. If Ito VI the shareholders would secure them the payment of their 10 I II interest, there would be no difficulty about the renewal of St 'lOO 1011 the bonds. It : Sa lab After some further conversation, in the course of which SO I all the Cheirman stated that the committee had bad a 60 1 All long discussion with the directors upon the subject of the 100 • all appropriation of tolls, but intimated that it would be 100 i ell better not to enter into the question at that meeting, so. 100 Mr. lionarre, a member of the committee, asked Mr. St, 1100 st ! 11l to whether the debenture holders would be content SO 11l to receive 4 per cent. for three years, the arrears being St US capitalised. st. IA Mr. BILLINGA said that, as far as he knew, the delve. ture holders would, if the payment of the interest VAS assured to them, accept 4 per cent. for the period liaised, either with or without the capitalisation of the arrears. The motion was then put and unaniroowdy agreed to. Mr. BRISCOE, who had previously urged the importance of having a parliamentary inquiry into all the mecum stances of the company, a view in which he had been sup ported both by members of the committee and by other shareholders, read a petition to parliament which he bad prepared with a view to the attainment of that object. The general mope of this petition appeared to be generally approved ; but one or two paragraphs were objected to on the ground that they might delay the remedial measures the obtaining of which was the principal object to be pur. . sued. Under these circumstances an understanding was come to that Mr. Briscoe should leand the draft petition to the committee for their consideration, and the proceedings terminated. TURIN AND SAVONA RAILWAY. A special meeting of the English shareholders in the above oompany was held yesterday, at the ofEce of Kimber and Ellis, Gresham-house. for the purpose of hearing a report of, and discussing the p roceedin gs lately taken at the general meeting held in Turin on the 16th ult. The chair was taken by Generel TEEM ENHILERE. From the report of the Turin meeting it appeared that there were there present ITS shareholders, representing 17,734 shares. The dissolution of the company was deter mined on, and a committee of liquidation appointed, con sisting of Marquess Rosa, General Tremenheere, and the Mayors of Savona and Turin. The CHAIRMAN stated that be had called the meeting for the purpose of submitting to the shareholders the hernia of an arrangement which was now open to them ; but in the first place he would recall a few beads of the history of the company. The original capital caul:tell of 40,000 201. shares 800,00811. ; debentures, 750,00 e. ; and • government subvention of 480,000/. 10,000 shares were forfeited for non-payment of calls, and the share capital when realised in England produced only 248,400/. An issue of obligations then became necessary, but in 0011110710EDCW of the depreciation of shares and of all Italian securities it was found imNe sible to do anything without a government guarantee. The government subvention was then given up and a guaractee taken of 6i per cent. on a capital of 2,040,000/. The capital then stood--201. shares, 600,000/. ; obligations, its. eseh. 1,480,000/. The obligations, however, at 8/. 65., realised only 175,646/., which sum and the share capital were expended in the works up to October, 1865. Then fol lowed a loan of 40,0001., and afterwards a government advance to the same amount. This, however, was instifti- Mont ; a. suit against the company was instituted is Turin, and an award of 180,00(8. obtained. Bankruptcy was now imminent, but a delay of three months was ob tained from the government, with, however, a distinct in timation that at the end of that time the concession, if not fulfilled, would be cancelled. Finally, he Ithe chairman) proceeded to Florence, and after much negotiation be hal obtained the following offer from Mr. Gueetalla, to which he (the chairman) hail assented. Mr. Guestalla Folioed to give for every .id-up share of 201. an obligation fee 101. ; Mr. Guestal however, reserving to himself the power of paying, instead of the 10!. obligation, 6/. in cash. (Oh.) The result of this arrangement would be on e' - change of each 201. paid-up share for 6/. sterling. ob.) The chairman entered into some calculation: to show that by investing this sum in Italian Rent,. or the eraprotalnref , an interest of 12 per cent. would he secured. had paid 16/. or 18/. would have the o ption of Mr. CONTREA RE asked whether the shareholders who carrying the balance and partaking of Mr. Guert a ll a 's a rrangement. Mr. MAXWELL disapproved wholly of the agreement and wondered bow their chairman could have signed it. Mr. KIHRER analysed the draft agreement in g rr. • detail, pointing out first its insufficiney to inert the pi , t claims of the English shareholder* and second, its imper. fection as a legal instrument. Whilst it gave so men, advantages to Mr. Gueetalla, it by no means hound him strictly to pay in cash the price of shares stipulated for in the arrangement. However, the agreement woo now signed, and - all the English shareholders could do was to reappoint the London committee, with instructions to obtain all possible modifications. Mr. Votruiratte having warmly complimented Mt. Kim ber on the maste t y he h a d displayed of the subject. sue-. ported the reappointment of the committee. Mr. FIELD repudiated the agreement, recommended x protest, and complained that the proxies had le en given contrary to the instructions of those who had sent them. After some further discussion, A resolution, moved by Mr. Finn and seconded by Mr. floerueeite, to the effect that the meeting, whilst full recognising the probity an d goo d i n t en ti ons o f Geller° Tremenheere, protest against the agreement he had signed . an being at variance with the intentions and interests of the English shareholders was then put, as also one le appointing the committee, both of which were care" uniuninously. This terminated the proceeelinio. INDIA, CHINA, AND AUSTRALIAN MAIL:S.—ALEN ANDRIA, Frs. 3.—The Pent left at 9.30 a.m., and the Syria at 2.30 p.m., to-day. 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