The Express.
London, England, 1855-01-03 00:00:00

TAMAR SILYBR LEAD MINES.

The adjourned meeting of shareholders, for the
pupae of receiving the reply of the directors to the report
Otis committee of investigation, was held yesterday, at the
London Tavern ; Mr. J. B. CAE/ in the cheir.
A voluminous report was presented, which stated that up
to October, 1818, Mr. Stainsby had lent the company at
luioss periods no less a sum than 18,5521. that he was
Wm in default, and had
lamest of a Inn which be had not promptly discharged.
Halm attased the committee of breath of faith in publish-
kg their report, which was in many respects a mere subter•
fan.

The Commute, in moving the adoption of the report,
mid he mast admit that he could not concur in it, as it eon-
lased offensive terms, and it appeared to him, as • director,
that by their own showing they had hardly fairly done their
duty lir director.. He then moved that the report be
received sad adopted.
Kr. P. D. HADOw said he was requested, as chairman of
flis committee of investigation, to offer a few remarks ea
dis attempted answer of the directors to the report wish&
had bean published. He had listened molt attentively to
Se earner of the directors, but could discover nothing that
elataiud anything like an answer to the alienations of the
lenairdee, the justice of erlich he would leave for
111. aitgliag to decide. The directors told them that they
would justify their conduct when properly celled upon to
II SO. Had they not been so called upon ? They had been
Wicked, calmly and dispauioeately, to answer questions,
bet they had refused to do so. The report of the directors
fortaiaed Wn contradictions, but no answer to that of the
committee. They had made use of the shareholders' money
may pleased, but would not allow them to know how it
was expended. No answer whatever was given to the pay-
out of the ore bills which had been invariably paid
late the bankers long after they became due. It wee no
Moto tell him that everything wee balemeed at the end of
11141.1 r. Unforeseen eircianabasees might happen, and it
*raid be almost an utter impossibility to get at anything
Fire a cornet statement of their position in case of such an
event le the death of the party acting u trustee, and whose
h was to pay over the money he received instead of
9P lug it to any other purpose. He would therefore
stove that the reply of the directors was unsatiefactory, sad
fist it be laid upon the table.
RI. CCMIZELAND seconded the motion, which was ear.
Yid an overwhelming majority; Kr. Btainsby, his clerk,
d two gentlemen at the directors' table being the only
Ponies is the minority.
Kr. Brain observe/ that the term subterfuge bad been
Wiled to the report of the committee, bat let the directors
~aadaes 'videos* as well as make the charge. The subtar-
was with the directors. lh hat was their explanation
~.!it regard to the appropriation of the " Reserve Fund ?"
"by. Mums that fund had not gasohol 11,000 L. it bed not
sem
L___ to vested. That answer wu Islam The miry bad
711 outs invested, bat wee takes out sad moor
:ravoied. At their last needs/ Mr. [Weft
!!st the cheque were signed by ego directors. That
rs net gra feet; the cheques won in bleak
E_, Dr. Bptsis, sad Alla up by Mr. . The dint-
"T_weve et specimens of sithimellip.
mu. nanoser It moved, that Abe maw ludni of
"like *at the Board of Dine:tomes at poised emus*
feted
ow A le sot entitled to the C 01244140, tit allmilmidlem,
ma OM directors be requested to that Mee,
isittltt are statesmen to be 'sleeted by the main hi
si,""141•I nes curled, Mr. Staissby and his clerk bang
zhe slissitizauxlioldies who voted against It. 1
mid le should be most happy to resign. '