The Sun. — London, England, 1857-03-12 00:00:00

& A, e--6 1 1 •---- • - v r ' ..,, 9;1; - ..:Vj ~ .- ..--.. i ' . , ii .pq, ..„____ , ... / b. ..., ' • , . . 0 . cia • Ar 4 4. _ d .7.: . 0 ) , ' t t i 4111111111 . , N 1, -, ' l / 4 -..., .. 4 4 , ''," ' or i • i rjr• Lit' . ' ' 4 *le )O r \ ___... ' ..04, , , •.A' s ' - • "4. - ________ - , .-.141 • lik, • AP IIII4- - F / t 4' A it. '-• "-... :I ~ 4 11 , ,, - '....--..- :. • 401 111 Mkr. t 4 Uil; •' ' - 1 ' .. 44414 % ', , „.- ' alk 4p - -% I 'AT . i Mg , , i'l '/IF" , 01 4 ~, /6.; • ' , '.1.,,4- ' s , ........ ''' . ''',......',`,.'' . ..----- , NE - WSPAPF IVFONT BLANC IS OPEN TO-tiEOTIT. MR. W. 8. WOO DIN'S MAO oi ODDITIES, with New Costames and • none Novelties , Tocal and Cha racteristic, every ev en i ng ( excep t ' a t ur d ay ) a t Eh ht. A WORN ING PERFORNIANCE every SATURDAY, at Three. Priv ate .Boxes and Stalls may be secured, without extra charge, at the B ox-ollice, Polygraphic-hall, King William-street, Charing-cross. The hall has been entirely redecorated. (No. 20,196.) LONDON, THURSDAY EVENING, MARCH 12, 1857. GENERAL TOM THUMB, the Original, who TIMES Three Times before her Majesty in 1844, perform THREE TIMES DAILY, at PRINCE OF WALES BAZAAR, 209. s pgent-street, from Half-pa.t Twelve to Two. Half-past Three to vq and half-past Seven to Nine o'clock. New Songs. Dances, Costumes, Imitations, &c. Admission, la., regardless of age ; Stalls, 28 -; Children, is. THE GREAT TOBACCO CONTROVERSY. Dr. SEXTON will LECTUR F. on this important topic daily at 3 and half- pas t 7 p.m , at D r . KAHN'S MUSEUM, No. 4, Coven ..t3:Litreet, Leicester-square. The Museum, which now stands wholly unrivalled in the world, and the rarity and completeness of whose contents have already acquired for it an European reputation, and rlained the warm commendationof the pressin this and other coon- Jinn, Is Open daily, for Gentlemen o ly, from 10 to 10. A new -Lecture is delvered by Dr. Kew; at half-past 8 p.m. precisely. Ad- MlSsion, One -hitting. Descriptive Catalogue's of the Museum, eon tainint Lectures as delivered by Dr. Khan, gratis to the visitors. ROYAL NATIONAL LIFE-BOAT INSTITUTION for the PRESERVATION of LIFE from SHIP INSTITUTION ANNUAL GENERAL MEETING of this LNRTIIUTION will be bald at the London Tavern, Liskopsgate street, on THURSDAY next, the 19th inst., at Two o'clock precisely ; his Grace the Duke of Northumberland, K.G., Pre-ideut of the So ciety, in the Chair. RICHARD LEWIS, Secretary. 14, John_street, Adeiphi, March 12, 107. N ORAISTCREM-i-In the matter of the Joint- Stock Companies Molding-up Acts, 1848 and 1849, and of the security Mutual Lite Assurance Society: By the direction of the Vice-Chancellor Sir Richard Torin Kinder sley, the Judge to whose Court thin matter is attached, NOTICE IS HEREBY GIVEN, that the said Judge will proceed, on FRIDAY, the 27th day of March instant, at one o'clock in the afternoon, at his Chambers, No. 3, Stone-buildings, Chancery-lane, London, to settle the list of contributories of the Society, and that after such list sha 1 have been settled no party affected thereby will be allowed to dispute the same a ithont leave of the High Court of Chancery first obtained. Dated this 10th day of March,lBs7. CHAS. PUGH, Chief Clerk. B ANK OF DEPOSIT, No. 3, Patz-staLi. EAST, LONDON. Established A.D. 1844. Parties desirous of INVESTING MONEY are requested t• examine tho plan of the Bank of Deposit. Prospectuses and Forms tor Opening Accounts sent free on appli cation. PETER MORRISON, Managing Director. SECURE INVESTMENTS.-Mr. REGINALD RORLET, 4R, Threadneedle-street, sworn Stock, Share, and Yining Broker, will be happy to forward a list of carefully selected &entities, paying good dividends, to those who may favour him with their business, and to advise them on the safest mode of inve.ting their capital. Business transacted in the English Funds at 1-16th Per cent., and in alleocks, Railway and Mining Shares, on the most reasonable terms. A selected list of dividend-paying (from 12 to 20 Per cont.) and progressive mines to be bad personally or per letter. QUEEN'S HOTEL, ALDERSHOTT, commanding a complete and uninterrupted View of the whole C amp. The owner of this magnificent Establishment has now made a rrangements which enable him to let it, together will the Tap, ex tensive Stabling, and two acres of Land, on teems to be agreed upon. The situation is unrivalled—at the entrance to the North Camp from the Farnboron-h-toad, and the extensive operations contemplated 2, Government during the ensuing summer will insure, under spirit ed and enterprising management, an enormous trade, for which the Premises are, by extent and convenience of arrangement, in every dal adapted. For particulars and terms apply to Mr. Debeuhaul, uctioneer and Estate Agent, 80, Cheapside. QALT and Co.'s EAST INDIA PALE and BURTON ALES. BRIWEET-BITATON-ON-TEENT. STORES : LONDON ...... ...... Hunotrford- wharf. , LIVERPOOL 72. Henry-street. MANCHESTER SUEFFIELD .. 12. George-street. BIRMINGHAM ... O'd Court-house, High-street. BRISTOL.. .••• D (TB LIN .. 11, iemple-lane. EDINBURGH .. ...... Porthopetoun Warehouse. GLASGOW St. Vincent-place. These Ales, in Casks of Eighteen Gallons and upwards, and in Eottle, obtained from all respectable Bottlers. r OZEAIT'S COPAHINE, or SACCHARATED VP CAPSULES, approved of by the French College of Physicians, successfully administered in the Paris and London Hospitals, and acknowledged by them to be the best remedy for a certain disorder. (See " Lancet" of Nov. 6, 1852.) A copy will be forwarded on appli cation.—Price per 100, 4s. 6d. ; 50, 2s. 9d. To be had of the inventor, GABRIEL JOZEAU, sole French chemist, 49, Haymarket, London, and all the principal chemists. CANCER HOSPITAL, London and West Brompton.—Secretary's Office, 167, Piccadilly.—This Institu tion has been established exclusively for the treatment of the poor afflicted with cancerous diseases. Oat-door patients to attend at 167, Accadilly, on Tuesdays, at 2 o'clock. In-door patients are admitted at the Brompton Establislament, for ore month, and for a longer period if recommended by the medical officers. The number of per sons under treatment as in or ont-door patients have averaged for the last three years about 400 cases each year. Since the foundation of this Hospital in 1851, 1,799 poor persons, suffering under every form of this dreadful malady, have received the benefits of this Charity. A Weekly Board manage its affairs, and every informa tion connected with the Institution may be obtained on application to-the Secretary. Contributions to enable the Committee to continue this great work of benevolence are urgently solicited, and may be 'laid to William Loxham Farrar, Esq., the Treasurer, 66, Lincoln's ; Messrs. Coutts and Co., Strand ; and at the Secretary's ealces, 167, Piccadilly. By order. W. J. COCKERILL, Secretary. R 0 TAL FREE HOSPITAL, Gray's-inn-road. Patron—The QUEEN.—Founded 182 R. Tha sick poor are admitted on their own application alone; no re eemmendation is required. During the past month the following number received the benefits of this Charity, either as out or in-deor patients, on their personal application Week ending 7th November...... 2,154 Ditto 14th November.. •• .. 2,043 Ditto 21st November ...... 1,972 Ditto 28th November...... 2, 309 fth and 30th November • . • • . ..... 269 Tetal in November •• .... 8,747 Of 'which 2,775 were new cases, the remainder (still under treat ment) having been admitted previously. The clergy of all denominations have unlimited access to the Patient s . Pf eavY expenses are inevitably incurred in afiording such •xten sive relief. The Committee, therefore, earnestly entreat the aid of the public. The management of the Hospital is in the hands of 30 Governors, VW/ elected from the general list of subscribers, at the Annual , ;eneral Meeting in January. A Board is held every Thursday, at 4 o'clock (Rev. J. B. Owen, Chairman), to conduct the business, when any subscriber may attend, if so disposed, the Board being at all times desirous of receiving suggestions or giving explanation. The Tfospital is not endowed: but is wholly dependent on volun tary contributions and lecacles, which are received by the Treasurer, John Masterman, Esq., M.P., Nicholas-lane ; also by Messrs. Coutts and Co. ; Drummond and Co.; Berries and Co.; Ranson and Co. ; Prescott, Grote, and Co. ; Smith, Payne, and Co.; Glyn and Co. ; Jones Loyd and Co.; Barclay and Co. ; Denison and Co. ; Williams. Deacon, and Co. ; Overend, Gurney, and Co. ; Nisbet and Co., Ber ners-street ; Masterman and Co. ; and at the Hospital. Clothing for the destitute patients will be thankfully received. By order. J. B. OWEN, M.A., Chairman. ON PHYSICAL DISQUALIFICATIONS, GENERATIVE INCAPACITY, AND IMPEDIMENTS TO MARRIAGE. New and improved Edition, enlarod to 196 pages, illustrated by 100 Anatomical Coloured Engravings on Steel, just published, price, free by pont, Is., T HE SILENT FRIEND : A At-dical Work on the physical exhaustion and decay the frame, from the effects of solitary indulgence, infection, an I the injurious conse quences from the use of Mercury ; with observations on the obliga tions of marriage, and directions for obviating certain disqualifica tions. By R. and L. PFRRY and CO., Surgeons. Sold by J. Allen, 20. Warwick-lane, Paternoster-row; Sanger, 160, Oxford-street; and Gordon, 146, Leadenhall-street, London. The CORDIAL. BALM of SYRIACUM is employed to renovate the impaired powers of life. Its action is purely balsamic ; its power in reinvigorating the frame in all cases of nervous and sexual se nility, obstinate gleets, impotency, barrenness, and debilities arising from venereal excesses, has been demonstrated by its unvarying success in thousands of easel. Price I Is. per bottle, or four quan tities in one for 335., which saves I Is. The CONCENTRATED DETERSIVE ESSENCE, an anti-syphi litic remedy, for purifying the system, and is recommended for any of the varied forms of secondary symptoms, such as et aptions on the skin, blotches on the head and lace, enlargements of the throat, tonsils, and uvula ; threatened destruction of the nose, palate, &c. Its action is purely detersive, and its beneficial influence on the system is undeniable. Price 1 Is. and 335. per bottle, also a saving OM!. FERRY'S PURIFYING SPECIFIC PILLS constitute an effec tual remedy in all cases of gonorrhoea, glect, stricture, and diseases of the urinary organs. Price 2s. 9d., 4s. 6d , ant Ils. per box. Sold by Barclay and Sons, Farringd. , n-street ; Darby and Gosden, 141, Leadenhall-street ; W. Sutton and Co., 10. Bow-churchyard ; W. Edwards, 67, St. Paul's -churchyard ; J. Sanger, 150, Oxford rtreet ; Hannay and Dietrichsen, 63, Oxford-street; Butler and Harding, 4, Cheapside ; Prout and Harsant, 229, Strand ; and all Medicine vendors throughout the United Kingdon. /TO MORE PILLS NOR ANY OTHER ", DYSPEPSI , A NERVOUS, BILIOU , 9 AN) AND DEBILITY. MEDICINE ox CONSTIPATION, INDIGESTIO., lINI , CONSUMPTION , RESTOR LIVEN. COMPLAINTS, COUGH, AST- A -...._ s U BA RRY ' S delicious HEALTH 1) ING TIEVALENTA complaints an d ash above disten cost in other remedies and cures the flatuleneY, C o st Such nervous headaches, ARABICA FOOD saves flay times e it ir " as' hemorrhoidal affections, sion, reidity, heartburn, palpitation of the heart, n r., pains at hysteria, neurat eruP- Ria, de f • sin the head an d ea '' the pit of the betweenstomachaanlerno scrofula, tions of the skin, impurlities and poverty of the blood, rnev, ring pregn . , dropsy rheuzatis ise the shoulders, erysipelas, . tn, gout, nausea and sickness du „,r, fits, sPle" , a'ter eating, or at sea ; low . • general debility, in 7.r.., spasms ePiley— involuntary blushing,- paralysis, treini rs, dislike to soelieerietssirse'ss for study, loss of me . vertigo. blood tc3,'' line mory, delusions, ' k n ead, exhaustion, mela, n _ choly, groundless rear, wretched ' is, LBOrCOVert the best food for infants and i nvalids It as it never turns acid on the weakest stunia _ . generally, with a good liberal diet. but i-nnarts a h i ' en, nor In er e ea thy relish for lune.. and and restores the faculty of digesti on aud i, muscular energy to the most enlcebled. Simported by te tereous and f h res lebra ted Professor of Chemistry or Andrew 'urn"' from the ce rar_ vey, Dr. Campbell, Dr. Cattiker, Dr. w r,zDr. Shorland, Dr. I Countess oucastiestuart, and 50,0 dinner, rd er. Dr. Ingram, Stuart de Decies, the Dowager T" 00 other well-known individuals, whose healith has been restored bY this useful and economical Oct. after all other eaftil,,lS had been tried In vain for many years, and an hopes ofreceverr; AnalYsLl by the celebrated Professor of chemiairawnlrel* Nr.D., F.R.5..,,,., & c. ---, Andrew Ure, " London, 24, Bloom b y son ,i, perfect] Revalenta ex owned Du Dar s ey ur- ' - •-are I hereby certify, that having Arabic* I find it to he a pure vegetable Farina, whole some, easily digestible, likely to promote a healthyeracertile, of the stomachso and bowels, and thereby to counteract dyspe • Pam (Indigo s . nipation, and their nervous consequences. ANDAEw URE, M.D., F.R.S., &c., Analytical Chemist." Ukase by the Emperor of Russia. Russian Consulate General, London, The Consul -General has been ordered to inform M Dec. 2, 18 4 7 y, Du Barry and C o ., th a t the Revalenta Arablea they had sent ßarr to his Majesty the Emperor, has, by imperial permission, been forwarded to the Minister of the Imperial Palace. Suitably packed for all climates, and with full Instructions. In canisters, lib 2s Ort 2lb 4s 6d; 51b lls , 121 b 225; super refined quality, Ilb Gs ; lb lls ; Sib 22s ; 10lb 335. The 101 I) and 12Ib cants t ers are forwarded carriage free, on receipt of Post-oflice order. Barry Du Ba Co.. 77, Regent-street, London; Fortum, Mason, said Coo.. and to her Majesty, 182, Piccadilly ; also at CO, Gracechureb-street ; 330 and 451, Strand ; 4, Cheapside 68, Cornhllll 49, Bishopsgatetrcet ; 55, Charing-cross ; 54, Upper Baker-greet ;63 Etna 150, Oxford -street, CASINO DE VENISE, High Holborn.-- PAL MASQUE. The Last and most splendid of th e Season. The annual benefit of fir. Packer. TIiUrtSDAT, March 12th. Doors open at half-past Nine. No free Admissions. Costumier, Mr. Nathan, Castle-street, Leicester-square. _ARGYLL ROOMS.-LAIIRENT'S CASINO, Great Windmill-street, St. James's.—The above elegant Rooms are now open every evening for the winter season , with Laurent's celebrated Orchestra. Principal Comet-a-piston "leourt. The Proprietor begs to inform the public that this fashionable place of resort has been entirely redecorated durim • the recess. Doors open at half-past eight, commence at nine. A6'inis- Mon One Shilling. GORDON CITMMING, the LION HUNTER, will give his new and popular ENTERTAINMENT, dr:scrip tive of his EXPLOIT A and ADVENTURES in SOUTH AFRICA every evening, M TION except Saturday, at S. ORNING RE PEES ENT A - every SATURDAY, at 3 o'clock. The Lion hunter's Bush People, from the great Kalahari Desert, will appear ircidental to the Entertainment. Fiano by Mr. Harries Wilson. Area, Is. • reserved "at; 28.; stalls (which may be taten daily between eleven and four, at the Museum), 35.-232, Piccadilly. PUBLICATIONS Now ready at all the lib raries, in 3 vols., THE DAYS OF MY LIFE By the Author of" Margaret Maitland," &c. " The author writes with her usual fine capacity for the picturesque, her preference for simplicity, and her invariable good sense, good feeling, and good taste. No part of the narrative is uninteresting." —Athenaeum. "Full of touching passages and well-wrought scenes."—Examiner. Hurst and Blackett, Publishers, successors to Henry Colburn. Cheap Edition, complete in 8 v 015.,. with Portraits of every Queen, price Is. 6d. e: soh, bound, L IVES of the QUEENS of ENGLAND. By AGNES ST RICELAND. • Miss Strickland has given a most valuable contribution to the history of England, and we have no hesitation In affirmin; that no one can be said to possess an accurate knowledge of the history of the country who has not studied this truly national work."—Herald. Hurst and Blackett. Publishers, successors to Henry Colburn. Price Three Pence. SAVINGS BANKS, their History, Laws, Investment, Management, Interest, Defalcations, Responsibility of Covernrnent, Trustee. and Officials, Past Progress, and Present Results ; with Remedial Suggestions. By the Rev. J. BEAUMONT HAWKINS, BA. London : Longman, Brown, and Co. ANNOTATED EDIT/ON OF THE ENGLISH POETS. This Day. in One Volame, 2 s. 6d , ANCIENTPOEMS, BALLADS, and SONGS of the PEASANTRY. With Introduction and Notes by ROBERT BELL. Already Published, CHAUCER. Eigltit Volumes. 20s. DRYDEN. Threo Volumes. 7s. 6d. COWPER. Threi Volumes. 71. 6d. BUTLER. Timm: Volumes. 71. 6d. THOIISON. Two Volumes. ss. BEN JONSON. One Volume, Ss. 6d. GREENE AND. MARLOWE. One VoluMe, 21: 6d. , SHASSPEARE. One Volume,. its. 6d. OLDHAM. oon Volume. 2s. 6d. WALLER. arm Volume. 2s. 6d. WYATT. One Volume. 2s. 6d. SURREY an d MINOR POETS. One Volume. 2s. 6d. SONGS from the DRAMATISTS. One Volume. 21. 6d. EARLY BA L LADS. One Volume. 2s. 6d. London : John W. Parker and Son, West-strand. Now ready, price 2d., Part 1.44 FEIST'S RACING RECORD, conta;ning a complete CALENDAR of SPORT, from the Ist of January to the day of publication. Edited by ALBERT FEIST, Editor of the "turf Department of the "Sunday Times," and Reporter of Sporting Intelligence to the London daily papers, itc. Printed and published, on the Ist of each month, by William Wright, Sporting Printer and Publisher, Fu'wood•rente, Holborn. Just pul)llshed, price 2d., or post free 3d., the 102 d Edition e THE NATURAL REGENERATOR of the DP.IESTIVE ORGANS, the STOMACH, LIVER, NERVES. LUNGS, Sec., without Medicine, Galvanism, Electricity, inconve nience, end expense, by an easy, natural, pleasant, and infallible remedy, which saves fifty times its cost in other means of cure. Suopo•tted by testimonials from the celebrated Professor of Che mistry, Dr. Andrew lire ; Dr. Shorland ; Dr. Harvey; Dr. Camp bell; /Jr, Gattiker; Dr. Wurzer; Dr. Ingram; Lord Stuart de Decles ; the Dowager Countess of Castle-Stuart ; Major-Gen. Thomps King, and many other respectable persons, whose health has been restored by it, after all ether means of cure had failed. London: Barry Da Barry and Co., 77, Regent-street. The Third Edition. Just Published, price 55., by nost, free, ss. 6d. ON TRUE kFALSE SPERMATORRIREA, with the View of distinguishing the Imaginary from the 'teal Sufferers under this disease, and Correcting of wide-spread 'errors in relation to their Treatment and Cure. _ _ Translated from the German of Dr. PICKFORD. "Dr. Pickford is known to English readers by his frequent practi cal Contributions to German medical literature. This is the first time, he informs as, that he has addressed himself to the noa-medt cal reader. We trust this may not be the last, if he shall detect any other equally flagrant evil which it may be in his power to cor rect."—London Medical Gazette. " The tribe of ' Quiet Sympathisers,' and 'Medical Friends,' are mercilessly exposed; and if this book wrild find its way into the hands of those whe suffer from the com plaint of which it treats, we are satisfied that many hundreds would he saved much needless suffering of body and mind, and what is of 'C39 importance, though it is that which the quacks most prize— much m0ney...... This volume is well qualified to put an end to the empirical system of treating Spermatorrhcea, and to place the treat me.-It upon a more rational and physiological basis. It is, therefore, likely to do much good."—Medical Circular. London: H. Balliere, 219, Regent-street. ROYAL SURREY GARDENS, AGRAND CLASSICAL CONCERT, in aid of the Fonds of the EARLY CLOSING ASSOCIATION, Thursday Eyening, the 19th lust. See Placards and other Adver tisements. JOHN LIL WALL, Hon. Sec. 0 LAW' INTELLIGENCE.—March 11. COURT OF BANKRUPTCY. (Before Mr. Commissioner Holroyd.) _ - RI THE ROYAL ERITISH BANK - EXAMINATION OP MR. MAIER, THE GOVERNOR OF THE DANK. This was a sitting appointed for the examination of Mr, Edward Esdaile, the governor of the bank. Mr. Linklater appeared for the assignees, and Mr. Ven. ning for Mr. Esdaile. Mr. Esdaile, examined by Mr. Linklater—My Christian name is Edward. I am residing now in London, at my father's house, in Bedford-plaoe; without occupation. I was formerly a director and also governor of the Royal British Bank. I was on its provisional committee, and have been connected with it as a director since. Wien did you first become a director of the bank ?—I think it was in the early part of 1849. The exact month I do not recollect. January or February, I dare say. When did you become a governor of the bank?--In Feb. ruary, 1855. Did you continue to act as a director of the bank from the time it commenned business in 1849 down to its close in Sept., 1855 ?—Yes. Examination continied—l was at no period during that time out of the direction. I was governor from Mr. Wal. ten's retirement from the chair, in Feb., 1855, and con tinued governor down to the time of the closing of the bank, The bank commenced business on the 19th Nov., 1849. What was the amount of subscribed capital with which the bank started ?-50,000i. Subscribed capital ?-100,C001. Be kind enough to pause a little before you answer the nextquestion. How much of that capital was paid up when the bank commenced business?-50,0001. Do I understand you to say that the whole sum of 50,0001. had been actually paid up in cash before the bank com menced business ?—Cash or the representatives of cash. Will you tell me how much had been paid up in cash ? —I do not exactly recollect within a few thousands, the balance being represented by notes of hand, which were deemed to be equivalent to cash. That account produoed is one that has hem prepared by Mr. Coleman (handing an account to the witness). Will you bo kind enough to look at it, to see whether the repre sentation is correct, that the actual amount subscribed in cash up to the time when the bank commenced business was 42,7651. 6s. 5d., and no more ?—I believe that is the fact. I cannot say, but I believe it to be so. Was the remainder of the 50,0C2, viz., 7,2321. 13s. 7d., made up of the promissory notes of the several dates named in that account ?—To the best of my belief, I was then a junior director, and of course these things were managed then by the governor, deputy-governor, general manager, and solicitor. Were you aware that before commencing the business of the bank the act ofParliamentrequired that the whole sum of 50,0001. should have been actually paid up?—Yes, in one way or the other, essentially paid up. Do I understand you to represent that you believed the directors had complied with the requirements of the act o Parliament ?—ln spirit. But not in fact ?—Not in fact, if it is to be assumed that the 50,000/. were intended to be in sovereigns or banknotes. Will you tell me how much cash the bank had actually at its disposal when it commenced business on the 19th of Nov., 1849 ?—I cannot charge my recollection with the sum. Just look at that (handing the book to the witness.)—l have no doubt that is correct. I understand you to say you have no doubt the bank book is correct ?—I can have no doubt of that. Then you mean that the cash actually standing to the credit of the bank in the Bank of England was 20,2501., and no more ?—Yes, I presume that is correct. I observe that on the 20th and 21st of November there are two sums of 5,6851. and 3,110/. placed to the credit of the account with the Bank of England. Will you tell me from what source these two sums came ?—I cannot. I have no recollection nt all. Have you any means of ascertaining f—No doubt I should refer to the accounts of the bank for that informa tion. I have none at all. I find on the same days, namely, on the 20th and 21st Nov., cheques are drawn in favour of Mr. James, which are signed by R. Hai tley Kennedy, Edward Esdaile, and Hugh Innis Cameron. Are those two cheques signed by you, Mr. Alderman Kennedy, and Mr. Cameron ?—They are certainly signed by myself. I believe also by Mr. Ken nedy ; and that is Mr. Cameron's signature. Can you tell me for what purpose these two cheques Were drawn !--1 cannot. 1 have no recollection of tho cir- cumstance. nave youany means of gaining information on that sub ject ?—Not that , know of, except with reference to the favour ime. those cheques were account who ibso Mr.s ofth e James,bankiin w a h t o s t e h a t t drawn ?—I do not at all remember. I cannot bring the circumstance to my recollection at all. Do you know whether any . loan had b fo ee r n obtained o b s y e th o e f directors of the Royal British Ban making it appear that the account in the Bank of England , was larg er th an it actually was .—Not to my recollection. It is a matter of considerable importance, and you u ou to t which one would t hi n k y o ur memory wo in a l w e : f w or it t h h c e ertainty. I ask you again, are you not award t hat the directors of the Royal British Bank borrowed to swell up the c am c co, tt withan hpen Bank rpos e o o f f paying Eng England, to in o order r credit of their business to their credit at the time they com- e mencedln usthess ?—Speaking from my recollection at this moment, I cannot say that I do recollect the cireuwetance. Is that the only answer yon give to that question?--That is my answer. Can you pledge your word that no such loans were ob tained ?—I should t link not, from the imperfect recollec tion of the circumstance of that day. I should not like to r pledge myself to any statement that was not coincident exactly with my recollection. If it had been so I should have no motive in concealing it, Mr. Linklater—at least I should give you my straightforward impression. Do you believe it to be true that loans were obtained on behalf of the directors, for the purpose to which I have alluded ? —I do not recollect the circumstance. Do you believe it to be true ? —I cannot give an answer satisfactory to myself to that question. Again I must ask you, do you believe it to be true ? Pray attend to the question—do you believe it to be true ?I do not wish to attribute your hesitation to any unwillingness to answer.—Not at all ; I am only considering what an swer I can give truthfully. I must have an answer to that question.—l have no re collection of the fact. That is no answer. The Commissioner—What is your belief upon the sub ject. If you have no belief one way or the other, of course you will say so.—To be very candid with you I have no be lief upon the subject. My mind is a blank upon the subject entirely. I have no belief. Having your attention drawn to the circumstance of the two cheques which you say you sigrrd ?—Most clearly I have signed those cheques. The Commissioner—Does that bring it to your recollce.- tion ?—No, it does not. Does it bring it to your recollection as being connected with the bank ?—I do not know whether any of my bro ther directors are present, but it loss not occur to my own recollection. If it did, I would say so without scruple and without hesitation. Mr. Lieklater--Lat ue 1.;:ro no mistake as to your mean ing. What r ask y ou i s - thi s . D o you or do you not be lieve that the directors borrowed money before the openin g '" _ rectors before the end of the year 1853 ?-4 presume so, it must have transpired soon after his decease. Were yo u present at t h e mee ti ng o f di rec t ors on th e 13th December, Iss3?—Yes. And were you one of those who voted in favour of the resolution that the court was desirous to record their re gard for the memory of Mr. Mullens, and their lively re collection of his social and many amiable qualities?—So perfectly were we impressed with the integrity of his cha racter up to that time. Lo you remember a claim being made by a Mrs. Goodrich to some title-deeds which had been lodged with the bank by Mr. Mations as security for an advance to himself?—Yes. The bank afterwards gave up the deeds to Mrs. Goodrich without a payment of any sum whatever ?—I am not quite sure as to the fact. Refer, if you please, to the minute of the meeting of the directors of 18th April 1854.—That there was a point in dispute about these sec . nrities I am perfectly well aware. Were you present at the meeting on the 18th April, 1854? —No ; it appears not by the record. Were you aware of the minute of the resolution passed by the directors at that meeting on the 18th April, 1851? The Commissioner—Perhaps it was at a subsequent meeting. Mr. Linklater—lt does not appear that Mr. Esdaile we s present for two or three mcetiags after that. The Witness —I do not see the particulars. You will. fi n d i t there [point i ng t o a book)—Do y ou fi n d on that day a reso l ution to the e ff ec t th a t th e comm itt ee reported to the court that they could not find any evidence that Mrs. Goodrich had given Mr. Mullane an authority to deposit the deeds, and they we re accordingly directed to be given up to her ?—Yes; I have no doubt that is correct. Mr. Camer on was the general manager of the bank at the time ?—Yes. We have heard of what has been called small private led ?ars ?—Yes. This large green voTame, is this the ledger ?—That is the pocket ledger. Ti m t ea ealled the pocket ledger I—Yee. Had you access from time to time to that book never opened it until after I assumed the chair. Bat did you when you became governor, in February, 1855 ?—Yes. Had you not prior to that time seen this green book ?—I do not think it had ever come under my hands. Perhaps I should hardly say that. I could hardly have been in Mr. Cameron's private room without having seen it upon his table, but I never investigated its contents. Was it a book which was accessible to any director who chose to look at it, in Mr. Cameron's room or elsewhere?— It might have been accessible, but it was not the practice of the directors to refer to it. Have you any doubt that you have seen it from time to time in Mr. Cameron's room I—No. I can hardly have much doubt about that, I think. Mr. Linklater (to the Commissioner)—Sir, Mr. Noyes is attending from the Privy Council -office with some of the original papers. We shall have to go back for one moment. A certificate is produced, dated Nov. 16, 1849, addressed from the Royal British Bank, Tokenhouse-yard, Lothbury, London, to the Right Hon. the President of the Commit tee of her Majesty's Privy Council for Trade and Planta tions. Mr. Linklater to witness—ls that certificate signed by yourself ?—Yee. By Mr. M`Gregor, the goverapr - . By Mr. Owen, Mr. Alderman Itennedy, deputy governor; by William Daniel Owen, a director; Charles William, a director; James Gwynn, a director yourself; Mr. Kerte, a director ; and Mr. Apaley, a director ?—Yes. Is not the representation in that certificate untrue, That one-half the amount of each share had been paid up in re spect of each such share?—lt is n.otuntrue according to our mode of viewing'the fulfilment of the spirit of the act. But in fact it is incorrect?—A s far as the 00,0001. is not in sovereigns or bank notes, incorrect. The Commissioner—With resp ec t to the first, the petition states, amongst other things, the amount of capital stock then paid up. That is stated to be 50,C Ili., but it also was required by the act to say where and how that money was invested. Mr. Esdaile—l must refer you to the minute-book of the court of directors on the 21st of Auguet, 1.819?—It is the 24th. There is no 21st. There is the 17th and 24th. Mr. Linklater—l am reminded, sir, by Mr. Noyes, kindly, that there is a certificate upon the ordit referring it to the law officer of the Crown to consider.the prayer of the petition. Theeeertificete is to this e effefit :—" Report that the provision of the act ler the regulation of joint stock banks appears to have been complied with, and that my lords are of opinion that a charter may be granted. Done the 23d of July, 1849." Th at accords with the re presentation that I made to the cou r t, The Commissioner—Yes. Mr. Linklater—l believe that the directors had many promises from persons resident in and near Newcastle to take shares in the Royal British Bank ?—Yes, I believe they had. And that deposits were paid to some considerable amount from persons resident there ?—Yes, I believe so. Do you remember that Mr. Alderman Kennedy and Mr. Cameron have themselves canvassed Newcastle for the pur pose of getting shares?—l am aware that Mr. Alderman Kennedy visited Newcastle with that view. Were you present at the court of directors on the 23d of October, lel9 ?—Yes. Is it correct that on that day it was resolved that Mr. Mullens be instructed to go to Newcastle for the purpose of completing a negotiation with the subscribers there who had not paid their instalments for the transfer of their re rtrEeecjtii v n e d s s ta f rze r and Mullenstat s io c r haa e t b o e b d e r r a: t n ur a n n e e d l , p i l f a n celi f Lary, to the subscribers on their completing the transfer of such shares?--No doubt that resolution was passed. Then were you present at the meeting of the court of directors on the 29th of October, 1819 have no doubt of it, if my name is there. You have no doubt you were have no doubt of it. Is it correct, then, that Mr. Mullens reported at that meeting the re s ul t o f ! his personal application to the sub scribers at Newcastle who had not paid up their instal ments, and it appeared that 61 of those parties had trans ferred their shares to the general manager, in receipt from the bank of their respective deposits • and 127 of the sub scribers were lik e l y to retain their ;hares, some of them having street) , peil their instalments to Mr. Mullens, and others of them having promised either to pay or secure the same ?—I cannot dispute the correctness of that. Then were the shares held by those 64 persons trans ferred into the name of Mr. Cameron, the general ma nager ?—That I cannot say from recollection. I should have said 64 shares, and not 6 1 persons. Do you find by the r eg i s t er o f transfers that on the 26th of Oct., 1849, there were 49 shares transferred by several persons at Newcastle into the name of Cameron ?—I have no doubt of the fact. And the deposits paid upon those shares were returned to the persons to whom they were originally allotted—l sup so—l believe so. Were you pr esen t a t th e mee ti ng o f the court of direc tors of the 21th o f A ugus t , 184 9 ?-eY e' ' • Do you find that by aresolution of the court on that day it was resolved that a cheque be drawn on the Bank of England for 610/. in order to pay the following sums : namely, James Dixon, 400/. ; Archibald W. Blane, 100/. ; John Flemming, 501.; Wm. R. Warwick, 20/. ; Wm. D. Hay, 40/. ; total 6101., the above being the deposits which have been resolved to be returned to the depositors who have refused to sign the deed of constitution ?—That is the fact. I must admit it. And that money was returned accordingly ?—I believe it was. I had reason to suppose otherwise—our efforts to strengthen the preliminary formation of the bank_through Newcastle having failed. Mr. Linklater (to the commissioner)—ln reference to the act of Parliament, your Honour will find—it being important the object of my question should be understood, by the 7th and Bth Victoria, chap. 113, section 5, your honour will find it is distinctly stated that it shall not be lawful for companies to repay any part of the sums so paid up without leave of the lords of the committee. The Commissioner—Y es. Mr. Liukleter—To return again to this green pocket ledger. Mr. Yenning—l think it is very important that that part of the answer should appear. It was a mere substi tution, as I understood the witness to state, of the shares from parties whq would not pay up, and to others who did let that appear. The Commissioner —It may appear upon a further quer tion, but at present I have only got it that it was trans ferred to Cameron. Mr. Yenning—And from him afterwards to other per sons who became the owners. Mr. Linklater—Perhaps I had better state what the facts are; and if Mr. Esdaile has any explanation to give upon it he will he kind enough to correct me if I am wrong. Several shareholders at Newcastle having refused to pay the calls made upon their shares, although they have al ready paid the 10/. deposit, the company, or rather the court of directors, resolved that those shareholders should receive back their deposits from the company, and it then became necessary that the transfer should be executed to their own nominee, and Mr. Cameron's name was used for that purpose. Afterwards the company were successful in finding purchasers for some of those shares, and from time to time as purchasers were found, those shares were trans ferred to whoever was unlucky enough to take them. The Witness—May I be allowed to make an observa tion ? Yon are not exactly conveying the whole truth with regard to our communication with Newcastle. It was an understanding there that if a considerable capital could be obtained from Newcastle, that the N ewcastle shareholders should be considered to be part and parcel of the corpora tion of the bank. If we failed in making a great impres sion upon Newcastle, such as had come into the negotia tion should not be damnified by any payment which they had made. It might have been strictly illegal, but it was fair in spirit I think. Mr. Linklater—ls there any explanation you desire to give in reference to those shares ?—No. I think you have told me that your attention was first called to the contents of that green ledger in the month of February, 1855 ?—Yes. Were you the governor of the bank at that time?—After the yearly meeting. After the yearly meeting held in what month?—February. It would be convenient for us to know on what day of the month that meeting was held. —The first Friday, what ever that day is. The reports will show. We will put in the date presently. Was Mr. Cameron ill at the time of that meeting I—l think he was not present at the meeting. He was absent from the bank for some time?—No, he was not permanently absent from the bank until, I think, after the meeting; be was not at the meeting. And for some months afterwards he was detained by very serious illness. He was not at the general meeting at which you were appointed governor, and he did not come to the bank for a considerable time afterwards!—l was not appointed governor at the meeting, it was not necessary. I was appointed go vernor by the court. After you were appointed governor, I think your attend ance was more frequent than it had been previously? Mr. Faddison—lt was the let of February, 1855. meeting. February a ary, and minutes of the rr The court having been sum moned to reconsider the resolution passed on T ues d a y l a st, s jo g ann_u o- 1 rt n y l wasys a y i n conv en ing F respecting the directors to retire in rotati on a t th e an nual Mr.M r 13 P s 31st Yenn i ng—Onl y ofrid nn d meeting of shareholders to-morrow," &c., that is the 31st. Mr. Linklater—You find now you were appointed go vernor on the Ist of February, 1355 ? ___ Yes. I think for many months altar your appointment you were, I may say, unremitting ia your attendance at the bank 7—l was there very considerably. sad you occasion to refer to the eeveral account° contained of the bank for the purpose of having it placed to the Credi and draw out that money immediately afterwards have no belief founded upon a recollection of the fact. I thought we were likely to have some mistake upon your former answer. I therefore must repeat it. With or without a recollection of the fact, do you believe that such a loan was obtained ? The Commissioner--If you recollect the fact you could state it. If not you are asked whether there is anything which enables you to have a belief upon the subject one way or the other. Your mind may preponderate one way so as to induce a belief that it was so, or it may prepon derate the other way so as to induce a belief that it was not so, or it may be a perfect blank —total ignorance anal no belief at all. But it can hardly be supposed you can not have a belief one way or the other. You are asked as to the fact of what is your belief. Mr. Linklater—lt is by no means an Unimportant ques tion. I suppose you have heard it stated as a fact that such loans were obtained ?—No ; I have not. I will ask you again. Do you believe that there were such loans ?—I can give you no further answer than I have. Mr. Yenning —Would it not be better to ask the wit ness whether he was an actor in the transaction ? It is one thing to sign a cheque together with two brother directors, and it is another thing to be an actor alone in the matter. The Commissioner—lle is asked as to his belief. If he has no belief at all upon it, let him say so.—That is my answer. Mr. Yenning—With great submission the Ctness has stated that frequently. It appears to me the pressure has been rather extreme upon that point.—l say again that my mind is in a blank state with regard to my belief as to that matter of fact. Mr. Linklater—We will take your answer as snob. I observe it is stated in the account to which you have re ferred, and which we will mark A, that there were 86 shares allotted to Mr. Cameron, upon which the first and second instalment would be 4,3001.—1 dare say there were. Did the directors receive from Mr. Cameron his promis sory note for that amount ?—I have no doubt they did. Did Mr. Cameron ever pay one farthing of those shares ? —ln money ? Did he ever pay one farthing of those shares?—l cannot say that he did, but we held him strictly responsible, be hoving that he was able to assume the responsibility of them. Mr. Cameron was then looked upon as a man of means, quite equal to that obligation. There was Mr. Cameron's promissory note for 4,3004, a portion of what the directors represented as the paid4ip capital ?—I presume it was so. It states the fact here, and Nam no doubt that is correct. Do me the favour to refer to the entry in the minute book of the 13th July, 1819.—This is in 1849, I presume. There is no year to this. Do you find it there stated that Mr. Mullins reported to the board that the number of signatures to the deed of constitution represented 501 shares, a number sufficient to entitle the bank to make the requisite application to her Majesty in Council for a charter of incorporation ?--I find that to be so stated. In those EDI shares are the 86 shares which had been allotted to Cameron included ?—That I cannot say. This gives no information. Were you present at the meeting on the 13th July, 1849 ?—Yes. Were you present when the representation to her Majesty in Council aas laid on the table, engrossed and signed by Mr. M'Gregor, Mr. Kennedy, Mr. Cameron, Mr. Gwynne, Mr. Hertz, Mr. Owen, and Mr. Apsley Pellatt ?-IVo should say I was no t, or myname wou l d have b een inelade'd. I must have been absent from the room at thattime. Icannot say so, but it is natural to infer that, or why should my name be left out? Were you present at the meeting on the 20th of July when the minutes of the meeting of the 13th of July .849, were read and confirmed ?—I have no doubt of it. My name is here reported. Before the 19th of Nov. bad the directors of the bank made a loan to Sir J. M`Kenzie of 7,sCol.?—They did, to the best of my recollection. I cannot speak to the date, but myimpression is that they did. Will you refer to the minute of the 29th of Oct., 1849, made at the meeting of directorson that day, and say whe ther you were present at that meeting when the loan was authorised ?—I was present at that meeting. You say you were present at that meeting ?--Yes. Can you tell me how much had been expended in preli linsinary expanses before the 19th of Nov. 1849 ?—I have not got that in my recollection. It is stated here as 9,523/. and as it is the result of Mr. Coleman's figures, I presume it is correct. Was any portion of that amount of 9,523/. Us. 10d. di vided amongst the directors ?—A sum for their services for the year 1849 was divided amongst them, but really I can not say whether it was i nc l uded in the 9,523/. I must now ask you distinctly was not a sum of 1,C301., which was represented as having been paid for preliminary expenses, divided amongst some of the directors 7—l be lieve a sum about that amount was divided amongst the di rectors, but whether they included it in that 9,523/. I do not know. Have you any means of ascertaining whether the 1,000/. so divided was included or not 7—The books must show that. Then before your next examination you will be able to ascertain that fact?—l have no doubt I can. Does your memory enable you to say whether that sum of 1000/. was divided among the directors for their services in 1849?-4 presume not long before the bank commenced operations a year mast have expired before the division was made. You presume not long before the bank commenced ?—I should think not. But does your memory enable you to say it was that 1,000/.7—This book will give us the fact of the date of the division. Perhaps you will be kind enough to find it ?—I am not contesting the fact of the division, Mr. Linklater. I quite admit the division was amongst us, if that is what you are. aiming at. I am aiming at nothing bsyond eliciting the truth, and I am not here contesting with you or any one. I am only desirous of ascertaining the fact whether or not before the bank commenced business a sum of 1,000/. was divided by the directors amongst themselves for theirservices prior to that time ?—That a sum was divided of about that amount I have fully in my recollection, but whether it wasin Octo ber, November, or in the month subsequent to the opening of the bank, I do not know ; or whether it was included iu that amount for preliminary expenses, Ido not know. It might be. the Commissioner—Does it not appear in the minute book ? Mr. Linklater—No. lam entitled to an answer to my question. 9,523/. 11s. 10d. is said to have been expended in preliminary expenses, and the suggestion is that 1,090/. of that was in truth not a preliminary expense, but was a sum which the directors took for themselves without letting it appear in the books at all, and that they divided it among themselves.— If that was done it was done by a resolution of the board. How much of that 1,000/. did you receive?—What my proportion was Ido not know. We paid a much larger proportion to our governor of the day, Mr. M`Gregor, but whether my proportion was 1001., 1201., or 1501., I do not know. Have you no recollection about the amount ?—No; I have not indeed. To the best of my recollection a larger sum was appropriated to the governor for his expenditure, his time, and other considerations, and the balance was divided in equal proportions amongst the men who had worked through the year of the establishing of the bank. I think, if you refer to the minute of the 19th of October, 1819, you will find that a sum of 5001. was awarded to the governor and Mr. M.`Gragor as a remuneration, though an inadequate one, it is said, for his important services in the formation of the bank, and that a sum of 6001. was also awarded out of the fund of the bank to the rest of the directors in the proportion of their respective attendance as a remuneration for their services in the formation of the bank ?—Without reference to the books, I have no doubt that it is correct. You have no doubt that it is cm red ?—Not at all. You were present at that meeting on the 19th of Nov., 1849?—Yes. The Commissioner—That is the sum you spoke of ? Mr. Linklater--I presume that would bo it, 1,1001. I thought it had been 1,0001. The petition for the original charter I think was pre sented in June, 1849 dare say it was, or about that time. You have told me that the bank commenced business on the 19th Nov. in that year ?—That is the date, I believe. The capital consisted of 1,000 shares, of 1001. each?—Yes. Upon which 50,0)01. had been paid ?—Paid, or repre sented as paid. Paid, or represented as paid to the bank, as you have already stated ?—Ye5. Mr.'Mullen, I think, was one of the solicitors to the bank !—Yes. And he died in 1853 ?—Yes. In what amount was Mr. Mullet's indebted to the bank at the time of his death !—I cannot say. The book will de clare that. _ About ?—Some thousands, upon which certain securities of policies were held of his. Can you tell me what is the total amount of the loss by the bank through Mr. Mullen' ?—I dare say it was about 8,0001. or 10,0001. 13,000/. was it not ?—I do not know. I cannot say. At all events, whatever the loss was, it was known to the directors before the end of the year 1853 ? Not known before his death. Not known before hie death, but was known to the di. in that green ledger?—Very shortly after my appointmen as governor, Had you occasion to refer to the accounts in the green ledger ?—Yes. a hn a e fte y r o w n a s r a d y s r shortly, Ay most immed i ate l y do me d y a u t e mn l y e mean almost i afterwards. m medi- A few days I—May I explain ? If you please.—Very shortly after I came to the chair it occurred to my knowledge that advances had been made, unknown to myself, upon a class of securities which had not been hitherto reported as proper securities for the bank —namely, shipping securities, which led me to investigate the accounts of certain debtors to the bank, and I was de termined that no accounts should exist which were not un der my rigid control, and that led me to an investigation of the accounts. And that led to an investigation of the accounts through out the entire book ?—Of this house ledger. Can you give me the name of the person to whose ac count your attention was first directed ?—I have no object tion. It was Mr. Humphrey Brown. And it was in consequence of information that you ob tained with reference to that account which led you to examine the contents of that green ledger ?—ln conse quence of certain facts having transpired which necessarily came before me as governor. Did you find on looking at that green ledger that several of the directors had accounts opened in the books of the bank ? Yes. Give me the names of the directors, if you please, with whom you found accounts had been opened.—Mr. M'Gre gor, Mr. Gwynn, Mr. Cameron, myself, Mr. H. Brown, and Mr. Coppins. I believe there are no others. Mr. Walton ?—Yes, Mr. G. Walton. He was a director at that time ?—Yes. Did you refer to the minutes of the finance committee for the purpose of seeing whether those accounts had been opened by their authority ?—No; I did not think it-neoeo earz_to do so. Was it not one of the regulations of the bank that no ac count should be opened except under the precise sanction of the finance committee?—That was a rule of the bank that no bills shoal ;I be discounted except by their sanction. Doyou happen to know it as a faA do not know that that rule was /strictly observed ; upon the opening and drawing and discount accounts of the directors themselves it would not probably have gone through that same routine; for in stance, some of the directors' accounts were always largely in credit, and others had a perfectly legitimate discount ac commodation : there is Mr. Charles Walton, for instance, by whom in fact we have lost nothing. Out of the 16 men who were connected with that direction I believe three or four at the outside are now obligants. Did you find Mr. Cameron was at that time largely in debted to the bank ?—Then I found it for the first time. Did you find then that he owed to the bank upwards of 15,0001. upon his discount account ?—Yes, I remember the sum. Will you tell me what is the meaning of this entry— "To the credit of the account of Hugh Innes Cameron, Edward Esdaile, May 6, 5031.," ender the head of "dis c3unt?"—A sum of money I took from him upon my own note and retired at maturity; that is the sum of 501. I do not quite understand that; does not this entry re present a discount by the bank on May 6 for a bill ac cepted by you for 503/. ?—Yes. Does not that entry represent that on Feb. 6 the bank discounted of Mr. Cameron a bill for 503/. ?—Which he had advanced to me. Pray attend to the question. A bill for 5001. due May 6, and drawn by him and accepted by you ?—Yes ; it was upon his promissory note. It was no acceptance of mine. It was a promissory note of yours in favour of Mr. Ca meron ? Yes. And though Mr. Cameron was indebted to the bank at that time in 15,030/., you, as governor, allowed your pro missory note drawn in his favour to be discounted by the bank for 500/. ?—No, it is not the fact. It is the same transaction which commenced on August 16; but instead, as was sometimes the case, of making the obligation a six months' obligation, it was the rule of one accountant, why, I know not, to make it assume the form of a renewal every two months, which carries it forward ther e f ore t o th e tim that I retired the whole note with interest. It is a continc. ation of an original transaction, whichlittan on August 16, 1854. I will begin at the beginning and follow it to the end. Did you, on the 16th of August, owe Mr. Cameron any money ?—He advanced me 50/. upon my note. I had never a drawing account with the bank. That will explain it. Did Mr. Cameron lend you 5C3/. before you gave bim your promissory note ?—No, not before. Did yon apply to Mr. Cameron in the month of August, 1854, for the - linin of 5001. ?—Yer. Mr. Cameron consented, as I understand you, to make the loan?—Yes. For that amount, you gavehim a promissory note payable in his favour ?—Yel. And that note was discounted with the Royal British Bank ?—Yes. That promissory note was placed to the credit of his dis count account, and you received the money by a cheque drawn by him upon the bank ?—I presume so. At that time I find by this discount account that he owed the bank upwards of 15,CDOL—It appears to be so. Of the account at that time I know nothing. Did you know that Mr. Cameron was going to get that 5001. from the moneys of the bank ?—host clearly it was a discount. I never had an account with the bank. Did you not consider it worth your while to inquire what was the state of Cameron's account at that time?—No. Did you know that he had a discount account with the bank ?—I must have presumed that he had, because there were notes passing continually through the bank. I ask you, did you or did you not know that Mr. Cameron bad a discount account with the bank ?—I think I may fairly say at that time I did not. Will you undertake to pledge your word that you did not know that Mr. Cameron had a discount account with the bank?—Yes ; I may truthfully say 60 ; at the same time he must necessarily have had accounts with the bank, because he was passing large sums of money from Scotland and else where. Did you not know he intended to discount that 5001. pro missory note with the bank ?—Yes, I presume that I did. Did you take any pains to ascertain whether he had ap plied to the finance committee for authority to have the discount ? —No. Ought not application to the finance committee to have been made by a person for discount who had previously no account open ?—lf the thing had been rigorously treated perhaps it ought to have, but that rule never applied to a director's account. Mr. Cameron was no director?-11e was our genera manager. He seems to have managed you pretty well. I ask whether, according to the regulations of the bank, it would not have brm necessary, in the ordinary course of busi ness, for Mr. Cameron, if he had no discount account with the bank, to have applied to the finance committee for liberty to have your promissory note discounted?—By the rule of the bank it would have been necessary in all ordi nary cases; but as he knew that I, as a director of the bank, had no obligations of any kind with the batik, he presumed, for a transaction of that trivial nature, it was not necessary. That is the only interpretation that I can give of it—tor was it necessary in fact. The Commissioner—lt was not advanced to you by the bank, but through Mr. Cameron, as agent ?—Because I had no account at the bank of any kind; I did not even have a drawing account at the bank, much less a discount a,:count. The Commissioner—l mean the bank did not trust to you ; they trusted Cameron ?—Yes ; therefore it was a private transac;ion between himself and me—a purely private transaction. Mr. Linklater—You knew that Cameron had got that note discounted by the bank ?—I did not know it, but I presume that he did ; I have no objection to say that. Did you communicate to any of your fellow-directory that that transaction had taken place between you ?—I do not know that I did at the time, but they knew it after wards. [PRRIE 4 113 . STAMPED 515 How soon after the 16th August did any of your fellow. directors know that you had obtained that SCY. of Cameron ?—Not, probably, until I was examining the ac count with them. In the month of February, 1855 ?—Probably. That promissory note of SCOI. became due on November Gth ?—And then it was renewed. Was it paid by you at maturity ?—No, because it was a current note; it was a note on demand, I believe. That is not so. Did not that note for 5001. become due on the Gth November !—The accountant through whom the transaction went chose to revoke the advance in this form as a renewable obligation until it was pail. I took it up originally. It was a six months' transaction. Do I understand you to represent that that promissory note was payable on demand ?—My impression was that it was so. And the entry in the book that it was so became due on November 6th is incorrect ?—That is from Mr. Crawford's treatment. And did not appear upon the face of the not ?—I think not. You will find it so; the same obligation. Did you on November 7tb, or November 6th, give to Mr. Cameron a promissory note for 5001. ?—No ; I knew no thing about it until I found my cheque for 500/. Yon gave him no such promissory not3?—No, not again. Then this cheque incorrectly represents the transaction when it says that on November 7th the bank discounted for Mr. Cameron your promissory note, which became due on Feb. 6th, for 500/I—l should say that it did, if you will allow me to say at the time I passed my cheque in I said to Mr. Crawford, "What is your object in making all these renewals in this way when it is one obligation ?" Turning up this account I observed the same transaction appeared to be repeated over and over main, and I said to our accountant, " What was the object of treating it in that way, when it is a simple obligation upon a promissory nob ?" and he said, " Oh, that is our custom." Do I understand you to say that in the month of Aug., 1854, Mr. Cameron promised to lend you for six months the 500/., and that you paid it at the expiration of that time will not say it was exactly at the expiration of six months. When did you pay it ?—I do not know ; it is lumped together with the 1,5031. in a very foolish way. I have never paid more than 5C31. When did you pay it—on the 28th February ?—On the 28th Februlry. . . . Did you pay any interest to Mr. Cameron on that ad vance ?—I presume I did—six per cent. I believe it was. Presume ! did you ?—Yes, I paid interest for the note. You say it is 1,9C0/.—ic is incorrect. It is the same as three renewals. Then it is three times 5001., but as three times 500/. aro debited to the account, it Became necessary to put the figures to the credit of tho same account ?—I disputed it with him, Vuo form of the transaction. But you did not pay your 500/. until after it became known to you and your fellow directors that Mr. Cameron was so largely indebted to the bank ?—No ; in point of fact I did uot. What do you mean, in point of fact ? Mr. Yenning—lt appears to me that that is a proper answer. I mean to say, in point of facL, b'cause I always intended to take up my note when it became due. It is a most un fair imputation. It is making a great deal of fuss about nothing. It was a simple transaction. Mr. Linklater—lt will be for others to judge of that transaction. Is that the first and only transaction you had with Mr. Cameron ?—Yes. Was he in the habit of accommodating other directors in the same way ?—I do not know. I suppose he was. I think there were discount accounts under the name of Wal ton, Humphrey Brown, The books will of course show it. se liasese.s.e,,, - esseeevaleeek -...- 1855, that the bank h a d l o st by r e ;C e traeroti upwa 21 , i,r -' 1 5,0001. I-That it h a d a d vance d t ~ , --v *. -'I say, lost by Cameron I-No, cer Jr amt. i Do I understand you to represent th aftou hat reauA to I believe, in the month of May, 1855, when Cameron returned' to the bank, that he could-pay tbat money when called upon t No, not when called upon ; but that he had power - .er te• Icover the b ank for his 4.. ligation; and we I. e secf, to a recent peri o d , that we had it in our hands, from interest that he had in land and stock in England. We did not know till without p subsequently idy osuuebetween st that swteoe t ng h em a t t a y ,securi ty interest iB 5 , was farnot M 1 ms O t r . rt Jan.,.g, ag e d to other parties. general ingseentiehraglinactehosiTesnlathidsbfeFfsohre.,lBess6h, - In theshareholders Cameron rwah s so 6 l id , hle-ersalr endeavourmaetso .amount the t , Do you find that the acceptations or notes of Mr. 31`Leod, owing from Mr. Cameron so the bank stated to be a good Mr. Owen, Mr-. Humphrey Brown, and Mr. Hurlston were ' asset of the bank I-It wasgood asset from time to time passed to the account of Mr. Catieeron ? I take it for granted that knew that fact 2 -Yes and I " . will go further, and say that up to June, 18 • our sOlieitor -It appears they were, Mr. Veuning-Will you ask the witness what his object ' was aware that the impression upon our" min s cl 6 B , was that the in borrowing the was? It will be bnt fair to the wit- I loss through Mr. Cameron from the securities which we be- 1 mess that it should appear, lieved he had would be but trivial. We had the policies in our Mr. Link later- I sh a ll b e most happy to attend to any . hands, and the bank shares, and we knew we bad the interest suggestion t st suggestion that com e s f rom you on the part of Mr. Esdaile, lin stock and land, and we likewise believed that be lied. e and lam sure the cour t w ill let Mr. Esdaile explain any- , I must ask you what securities did the bank hold eeinst thing he likes upo n th e su bj ect. I shall be glad to have I that sum of 19,00 a ?-There is a list of th em somewhei ', any explanation he ch ooses t o g i ve of the object he had in I cannot now tell them over my fingers. There were four Oerfivel view in entering into that transaction. The witness-It was re so l ve d th at t h e directors of the 1 t s h e c e u r e r i t w i e a s s o a f 3 1 :0 0 0 0 0 0 1 / . ., 2,0001. o r 3 , 0001. eac h . W e were told policy which was to be redeemed from the day should double the qualification at the bank. It did not ' National Bank of Scotland, and some other securities, but it snit me at'the time to devote SCOI. from my own resources was afterwards discovered that there were credits upon them. to the bank ; and I said to Mr. Cameron, " Would it be' In the half-yea r ly accoun t i n J une, 1856 , was not the debt convenient to y ou t o l en d me th a t upon my promissory note 1 owing from Mr. Came ron t o th e b an k a l so taken as a good ' for the ti me ? an d h e sa id certainly, and then it was i asset 7--I have no any doubt b t dout hat you knew at the time it w as so it was. merely a question o f i n t eres t b e t ween us. Th e applicationl Have you of the 500/. was to take up my tan new shares. Mr. Ven n i ng -T o d ou bl e your sta k e in the bank in fact. think not. taken and so t reated in the accounts of the bank I-No, 1 ' I think ther e can b e no d ou bt about that. The wit ness -Th at is the history of the transaction. Now I will call our on to the connected Mr. Li o kl a t er-Did you apply that 5004 for the payment I w ith the Welsh wor y attenti works. The bank has lost, accoun l believe, by be of 6 001. per share upon ten new shares to ba allotted to yon Welsh works, subject to what may be realised from them, in the bank ? something like 120,0001,-I am afraid so; subject to what is , - I Mr. Venning-I think you will agree with me that it is to be recovered you fo sa. not fair th at i t shorld come out. In the accountsthe half year ending the 30th of June, Mr. Linklater-I am not now dealirrs with the effect. I 1 1856, were not th ose W e l sh works taken as an asset of . am now d ea li ng with the fact. I-- Independ en tl y of being indebted in upwards of 15,C00/. pended ooo/ Theywere taken at what b a d a l rea d y b een ex - Februupon his di scount account, did you find, in the month of Then in the half-yearly account presented by the court of ary, that Mr. Cameron was also indebted upon his i directors, and sent to the shareholders by them for the half. drawing account in upwards of -2,0001. ?-If that is the I year terminating en that day, asl underst: nd you, the Welch figure representing the date, yes. works were taken as a good asset for the :all amount which You had better look.-Yes. -•- illoy cost the bank, about 120,010/.? -I believe they were. Upwards of 2,000/. 7-Yes. - . We were iu strong hopes of raising a company Under the Li ,a• I find I' have bean rather misleiaellnryou and" myself - by mited Liability Act for taking these securities off the bank. referring to February, 1856, instead of February, 1555, as Let us see how that is, When did the bank lrst obtain to the amount of the overdrawn account. The drawing security over those, mines in Wales?-It would be as far back, laccount of February, 1855, was under 1 COOl and not, as I thi n k , as 1850. Perhaps my solicitor win' cornea me if I stated, up war d s of 2,00/. 7-Yes. ' •' wrong. I find th a t M r. C ameron upon his drawing account, was am Had not the bank in the early part of 1853, made grea t indebted t o th e b ank, in the early par;, of F e b ruary, 1835 , efforts, through Mr. Pinniger, their solicitor, to dispose of in abut 800/. I-More than that. He was very heavy in the mines I-Through Mr. Piuniger t No; I think not. credit. Just refer to the minutes, if you please, for the month of indebl am showing you, notwithstanding, Mr. Cameron was March, 1853, do not you remember the fact, that Mr. Pinni ted upon his drawing account, in the early part of ger bad been employed by the directors for the purpose of February, 1855, to the bank in about 8001., and upon his getting up a public company to take these mines, and that ho fliscount account to the amount of 15,030/. ; does this book failed to d o so I-Y es, I recollect now what you mean, Ho ' correctly represent th a t a lth oug h you were governor from did not succeed. February, 1855, doe nto and after June, 1856, you I believe he was employed because the bank thought if they allowed Mr. Ca meron t o overdraw his account to the employed their own sslicitor, it probably m i g ht b ecome !amount of 3,9571. ?-I dare say it does, known, and be detrimental to their interest. Was that con- Does it?-From these figures it appears so.. sidered so?-It was so. I should thick it was a wise conside- And, [ altho ug h you fi nd in the early part of February, ration. 1855, he was indebted to the bank on his discount account Now having failed in that, they made arrangements, I be te be increased so as to leave him indebted to the bank, at lieve, with a Mr. Clark to work these mines I-Yes. the end of the year 1855, 19,146/. ?--I dare say that Must I think he remained in possession for some months, and have appeared after he came back and resumed his func- they were then thrown back again upon the hands of the bank? r[ThLions as manager in May. He came back in May. Will - 1 -Finding he had not enough of capital he threw them up, u allow me, it you please to look at that account ? • upon a thorough convicti on o f th e i r va l ue . e accou n t was then anded to the witness.] Now, in the year 1854, I believe you instructed Messrs pThe Commi ss i oner-Was that all solely upon his own Fuller to sell these mines?-They had instructions, but whe ersonal credit?-I hat no knowledge of what was going titer in 1854 Ido not know. on as to the account after that time. After he resumed Now, refer to the minute of the 27th of June, 1854. Y ou his office, in M a y, I h a d no further occasion to check that find, on the'27th of June, 1854, at the meeting of the court of account beyond a certain amount. directors, the court having considered the miestion as to the Did you, as gov ernor, or did t h e Courtof Directors take amount of the reserved bidding to be put upon the Welsh any steps, from the month of Feb., 1855, down to the time works at the Auction Mart to-morrow, and as to the amount Ppf the closing of the bank, kr double the reduction of of the purchase money, which might be left as a security for auseron'a account?-Repeatedly. the property, and having conferred thereon, it was resolved. ! The Commissioner-I wantto know whether thatl9,C33/. that the reserved bidding on the Park property should be and odd was advanced upon Cameron's personal security ? 40,000/., and the reserved bidding on the works 30,0001., Mr. Linklater-Yes, and that half of the purchase -stoney might, if required, re- Witness -The transaction came over again repeatedly. main on security of the property. At that time the directors, Mr. Linklater-But still the balance remains now, Tell I assume, b e li eve d th at 40 ,0001. and 30,000 a, making toge- Cns who is li a bl e f or any portion of that 19,1461. except M. Cher 70,000!., was all that they would be likely to get f.r the ameron, and what securities do the bank hold, if any, mines by sale ?-This is so, against the 19,1461.? -Mr. Cameron is certainly solely ob- There was no bidder, I believe; at CIA sale 7-No open !leant for that amount. bidder. Will you t e ll me what securities, if any, you obtained I believe the security given to the bank was to a limit of from Mr. Cameron for the bank, as against any portion of 50,000/. I-I believe it was originally. teat account 7-At that time you must remember the bank Can you tell me whether it is or not correct that at that held shares of Cameron in the bank itself, which before time the bank had advanced upwards of 75,0001. upon the the failure of the bank were looked upon as good-as so property I-No, certainly not ; I should think it is incorrect. much security, but to what extent Ido net quite know, Now, tell me, did not Mr. Apsley Peltatt and Mr. Pearce without knowing what number of shares the bank held of retire from the direction of the bank in consequence of what Mr. Cameron, which must h a ve a m oun t e d t o some l arge they considered the irregularity of the transaction with re amount. They were of large amount. There was a policy ference to the funds 7-Not t o my k now l edge. The grounds of assurance. of their retirement were quite different. t . Mr. Linklater-Were you not aware that by the law the Perhaps you will favour us with those grounds 7-Mr. A. bank had no right whatever to advance one shilling on the Pellatt had acted as a member of the London Life Assurance security of its own shares 7-It was not done so. The ad- Office, to which he gave a good deal of time. Mr. Pearce was Vance , were not made upon thatsecu city, but inasmuch as actively engaged at Lloyd's, and they found their engage- Mr. Cameron held the shares, of 00t1110 the bank was per- ments were incompatible with the duties which the bank de fectly right in insisting upon having them paid over tothem. mended. Is that how you run a coach and four through an act of I need scarcely ask you again whether in the month of Parliament? The money was advanced without any secu- May, 1855 you had not yourself come to the conclusion that city at all?-Without my cognisance or of the directors. there would be a very large lobs about the Welsh mines W ithl-- every means of cognisance, if it was not with your We were sanguine that we should he successful in forming a actual cogntcance?--That is where the lathes have been, no . company to take them off the hands of the bank u p on th e doubt. I a d m it th at. principle of deferred payment by issuing to an Mr. Linklater-Were you awar e th a t o ne o f th e s ti pu l a- who would be disposed to take the securities. y public body tions of the deed of settlement was for preventing the cope- Tell me what means you had taken for the purpose of get pany from purchasing any shares, or making advances of ting up any such limited liability company 7-We had been in money or securities for money, to any person on security communication with a professional man, who said he thought of shares or share in the partnership business?-Yes. he could manage it for us. Notwithstanding that, were you a consenting party to Give me his'name, if you please-Mr. Walker. He said he receiving his securityin respestof Cameron'eaccount shares thought he bad connexions of sufficient power to enable him stpnding in the name of the company?-No, not as security to construct it, for any distinct advance. What Mr. Walker was that ?-A lawyer. I did not ask you that-Finding the shares, we held Where (hoes h e li ve 7-- them in p ro p e -t y. Ido not k now . Finding the s h ares , you h eld them in Is hero London ?-13e was quit e a young professional man, course. property 7-Of Does he resid e i n L on d on 7- I believe so. Wher is he to Then if am ongs t th e d ocuments found in the vaults cf with our e solicitor, be found ?- Ise was or i ginally connected the bank there appears this : "Hugh Innes Cameron, Esq., Where is be to be found I-At the present moment Ido not 19 Royal British Bank shares, deposited by Thos. Chand- know. You will find a minute upon the subject. ler, for a loan of 850/., 11th Feb., 1854," it would not be Mr. Linklater-Mr. Paddison can help us. Is he to be got correct to say that a loan of 850/. had been made upon at, Mr. Paddison? such shares ?-There is an instance in which Mr. Cameron Mr. Paddison-Ole yes. •He thought he had access to a seems to have advanced upon shares. You were talking number of wealthy persons of position, Ido not feel at just now of his own advances. liberty to name those whom lie thought might be disposed to I have something to ask you presently. take up the whole thing throiteh the strength of their own The Commissioner-When you say Mr. Cameron knew, connexions, you mean the bank, I suppose 7-No, I don't; I mean Mr. lam afraid we must trouble yon for their names, as we Cameron acting for th e b an k. may hereafter have to test, not the accuracy of whati yol Mr. Cameron acting for the bank is the bank. What I are now sayin g , b u t your mensory-I do not think it would mean is, was it not your l oan w ith M r . Cameron ?-It was be right for me to give the names to be brought before a pub not with the cognisance of the court, lie meeting, nor do I see the importance edit. Just refer to this account of Thomas Chandler. Do you Mr. Linklater (to the Commissioner) -I am quite in the find that the bank discounted for Thomas Chandler on 11th judgment of the court upon the subject. Feb., 1854, Mr. Hugh Innes Cameron's promissory note for The Commissioner-It is not very material. E5O/. ?-It appears to be so, but I was.not aware of it. The Witness-With due deference, I think not. Do you find by the memorandum in this bundle contain- Mr. Linklater-It had been put up to auction in 1854 l ing sharem of the bank that for securing the repayment of When I stated that wo were iu hopes of that 850/. Thomas Chandler deposited 19 shares in the The Commissioner-I suppose there were some subsequent Royal. British Bank 7-Yes • it - appears that w a s a t rans - en d eavours also taken 7-I did not absolutely dive lute that. action between Chandle r and Cameron. We thought that though that particular instrumentality might Then I suppose you are now aware that was an sxceed- fail, others would turn up advantageously which would en ingly irregular transaction according to the charter of the able us to carry out our view, because a time might come bank?-Yes, according to the charter, more favourable for the construction of a company neon that Was Thomas Chandler one of the auditors of the bank ? principle, I did not place much faith upon his particular in -He was. strumentality. He said, I know so-and-so and so-and-so, and When did you first learn-if you ever did leer.), before I can get access to parties who, I think, will he likely men this moment that Mr. Chandler ha-I obtained from the bank to take the thing up. a loan of 850/. for the shares of the bank 7-I suppose the Mr. Linklater-When was that ?- knowledge must have come to me about the time -I looked before 1856. through this book. Mr. Paddison-As you hare applied to me upon the sub- In February, 18557-- I sup p ose so , jcct, and as Mr. Esdaile has himself st a t e d th a t M r. Walker Did yon get the money from Mr. Chandler 7-No, 'think was, he believed, connected with the bank s o li c it ors, j ust per _ Mr. Linklater, these sh ares mus t b e l oo k e d upon simp l y as wit me to state all' that I know upont for nine Mr. Walker a collateral security. The promissory note to Chandl er w as a c l er k o f m i ne in ti e year 1854, nine months ;he was a simple matter of discount, left me at the end of those n ine mou th s, an d from that time That is one way of getting out of the requirements of afterwards to July or August, 1856, I never sa w or h ear d of the charter. Perhaps you will refer again to th e a ccoun t M r . W a lk er; b u t i n either Jul yor Augist, 1856, or some of Cameron, the discount account of the 3d August, 1554. day which can be got at through a minute you will find in The Commissioner could there be a discount without any the minute book of the proceedings of the d rectors, it was other name? stated to me incidentally that M r . W a lk er h ad been employed • Mr. Li oklater-It would be a promissory note payable by the diree ors, for the purpose of getting up a company to to Mr. Cameron, endorsed by Mr. Chandler to the bank, purchase those Welsh works ; but as to the negotiations with That I suppose would be the transaction 7-Let me look Mr. Walker, as to the peculiar instrumentality through which again at Mr. Chandler's account. Ido not see now Mr. he was employed, as to any interview with him upon the sub- Cameron's promissory note. Mr. Chandler held the pro- ject, I know nothing, missory note_,_ which was discounted upen the faith, I The Witness -He was introduced to me by Mr. Crawford, presume, of Mr. 'Cameron. We believed him to be a man our new manager. possessed of 'freehold prop er ty t o some ex t en t. M r. P addison-He heard of the employment of Mr. So that it would appear that Mr. Chandler, the auditor, Walker from information which had bean given to him. being indebted to Mr. Cameron, the manager, gave Mr. Mr. Linklater-I must ask you when was it that you had Cameron, the manager, a promissory note for 850/., which communication with Mr. Walker upon the subject of this would necessarily be dealt with by Mr. CaMeron, the mans,- company ?-June or July. ger, and that would be discounted by the bank, and debited Perhaps at the same moment at which the bank closed ?- to Mr. Chandler, who deposited his security for shares in No ; I should think not. the bank ; that is the transaction 7-No, I presume not; Had not a-Mr. Thompson been employed by the directors ? yon are rather mystifying it. Mr. Chandler required'Bso/.; -Yes : he was a civil engineer. he comes to Mr. Cameron as the actuary of the bank, and Had he not given the Welsh works up as a hopeless task? says "Will yon a lwance me that moh e y n p on my promissory -No, be gave it up because it did not afford- believet . h those note. I can put into your bands as collateral security s h ares were his words-sufficient scope for his enterpri se. believe which I hold in this corpo ra ti on ." he wanted to go into the iron trade and the coal tr ad l trade. But as the bank were restricted by the terms of their When did he give it up . f- i do not know • 1854 I suppose, I i you those ' particulars, charter from advancing money to any person upon the de- His letter exists, w sda hic il h e will rkthis minute of the 29th of posit of their shares, Mr. Cameron was the man who ad- • Just see, Mr. vanced his money and deposited the shares upon Mr. 1856, will E refresh your memory as to the time when findthe F e r e a m n p c a is ay Wa fo lk r e t r aki Chandler's promissory note, and got that discounted with ytuuguhsatd, communication the bank?-Yes, that is how he seems to have managed it. minute of that a day, the 29th August, that the solicitorhadstated You are examining me upon questions which are purely of he only heard an executive character which would not necessarily come instructed by . the este c l o .d u a rt y t t o ha f t orm Mr• a taking the Welsh works, anel-obseived that this had been done without privity, and without asking his advice upon the subject, bef are me as a director. I -am quite aware that details would- not come before you as a director, but the general result would though.- s c h t i o a s n u t ce ra s ry in to w t i h d e ch co m nd r. uc p t in o u f i t g h e e r cinoulrBtsur a n na th m e two former efonruminegr re- Now, it unfortunately has, p wv Is e os r s tii sm et T a h tdo e Now, referring to Mr. Cameron's account on the 3d of ceutly in 1856, bad been employed for som oarn e dt p hi n ret August, 1854, do you find also that the bank discount for gbeeneaeraflermathnraegeeyresatarsteind ptandadtiatohne,sdibsapnozl, Mr. Cameron ?-For Mr. Brown, do you mean t Mr, Humphrey try some one else. The soli c it or d enied the statement, truth of the For Mr. Mr. C ameron i n th e mon th o f J u l y, 1854. Brown's promi ssor y no t e f or 1 , 000/. ?-It appears to be so. eel managet's and asserted that itw as well known And does it a l so a pp ear th a t Mr. Humphrey Brown lodged to all but th e new directors that it had been the policy of the witth Mr. Cameron shares usesblonging to Mr. Humphrey B r ows bank up to that time to avoid putting forward their own in he Royal British Bank ecuritiesfor the 1,0001. f -It says solicitor in any attempt to form a company, in order that t w o so here ; but it is the first time I have seen thisin the ass book., bank connexion with the works might not be known. Now, Is it the first time the existence of that deposit as security that minute is signed by yourself as governor 1.-Yes. has become kaown to you I-Certainly not. I must have And it correctly reports what took place I-Yee. seen it from my examination of the account originally. lam Now, does that enable you to say whether or not your com munication now of those shares as security, munication with Mr Walk • took say • probably at tho Seeing that you permitted the account of Mr. Cameron to month of August las . t year I-I should think .. t*ous pend increase from the month of February, 1855, to the time when end of July. There were one or two other negona i the bank closed, both in the discount and in the drawing ac counts, ing at that time, • counts, and no security against it, I ask you have you any Do I understand you now Walker that you re presented that :lace at the end of the time accounts ending explanation to give I-No, I have not. In fact I was not aware which you believe to be true whe n , i n accounts d ^t of the increment in the accounts until Mr. Cameron finally June, 1856 II e did fool and we were left the bank. When Mr. Cameron resumed his duties, my to the - 01 !- inasmuch w- ' amount of 120 00 . ' eventualities would be such as to attention was then not so positively directed to this account, that the e prepared to say, that inasmuch as I laid down a rule in which I was corrob oratedproduce a loss to the hank u P °I ! , You stated the Welsh works to be a goo ass, with the exercise of all the el by the directors, that these accounts should not be increased. ldo not want to i n t er fere wi-- 0. You will instru m ental if ou look at the other side in the account, quence of your vocabulary , that I was in working doto represent that you believe you were cabulau, but I want an answer-yes or no, we these accounts- Do I understand you . Mr. IValton's especially, Do I understand you to represent that from February, i represented to the shareholdrs that the June, 18561 Tc". c onstituted an available asset of the value of 1855, down to August, 1856, you did not once refer to the Welsh mines co stating the truth when, in the accounts ending th e Nth or ; plain question, and let me have an answer state of Mr. Cameron's account iu that ledger 1-I. do not think I did. ? -It is not a question that I can give a plain _yes or n ° .0,, m ay have had, and must have had of course, Then how often between the month of May 1855, and answer tcl. anxious feelings with regard to what the future would July, 1856, did you refer to Mr. Cameron's ' ?II w certain wiz 120,000/. ? It ,s a . ., account - o t tl t ‘t b bout as o ia 'repel y, ut we were not prepared Lo often I utnnot say, but very repeatedly calling , his attention bringa there would be a loss before that loss was proved. I to the state of the account-both myself individually and the say t hat. committee appointed for the purpose. therefore cannot give you a yes or no answer. I can only give Did you not fi n d th e account increasing from time to time I You such an answer as i s present to my own m i n d . I must ask you, Mr. Esdaile, upon the obligation of t , o -No, decreasing. You will find, if you look to the acconnt that the 15,0001. was reduced down to 12,000 a, and then it oath you have taken, whether, on the 30th of June, 1856, and you believed the Welsh mines to be of the value of 120,000/. went up to 13 ,0001,, and then it went down to 12,0001.; Do not hesitate so long.-I am obliged to hesitate, because at so on. Excuse me. In M ay h e comes bac k . -7" 1"- y 1855, it that time wo were in confident hope that we might mak e was 12,0001 re d uce d from 15,000/. Th i s w as P Obligation arrangements by w hi c h th e p ro perty, would be r e d eeme d , that running at the ti me w hi c h h a d t o b e r enewed, which of course that those advances would be redeemed. Had not Mr. Denali been in communicati on w ith th e Then it was not re d uce d ?-No ; but there is some expla- bank raised it to 13,0001. in reference to the sale of these mines ?-Y ears b e f ore. What do you call years before-1855 I-N o, 1852 . F I suppose you g a , nation with regard to that. i_vh_ , o4 .,,, v the m ont,b, of May, Mr, P addison-1852 or 18531-The mines had no t b een jneamro _!.. - - '—Some time, I suppose,