The Express.
London, England, 1864-02-26 00:00:00

,?,,LITA-Y BOARD OF WORKS.
THIS DAY.)

meeting of the Metropolitan Board
• . 1..,04 this day, at the office in Spring-gardens ;
in the chair.
st.tement showed the total cash balances in
...fate treasurer to be 163,855/. 7.. 9d. ;
.reties, P 0,732/. Be. 7d.
LEMOVAL OF MIDDLE-ROW, HOLBORN.
“ai....itiOL was received from Mr. Hopwood,
•, .• Holborn District Board, in reference to the
\.2(p Improvement Bill at present deposited
• -idemtion of parliament. The subject had been
:-r the notice of a special meeting of the
%,•orlis for the Holborn district, and
me to the following resolution :—" That
1 -ire to express an earnest hope that
••• • :Aso Board of Works who have pre-
., against the Holborn Valley Improvement
.. I the twat Ataadi thereby gained, use their
~nd ititineoce to obtain the insertion of the
. • . for the removal of the houses on the north
. .r.iw, obstructing the thoroughfare of High
M improvement
out which the sought to be
• .•c proposed viaduct will be incomplete."
lvoised upon this as a most essential improve-
...aye,' that the subject of this communication be
:he 'treets Committee.
VAN said that this was tot a matter of detail
j•le. and therefore in the first instance that
chimed by the board itself.
• the City of London were about spending a
. the proposed viaduct, and they intended to
,tern approach to it ; but this great improvement
....o:plete unless it was accompanied by the re-
side of Middle-row, Holborn. Were it to re-
.tau: block would take place there, as at present.
..:isms said the better course for Mr. Hall to
be to give notice of motion, and then the
t could be brought properly before them.
tither discussion,
A he would adopt the suggestion of the Chair-
ao Al give notice to bring the entire subject
spl on a future occasion.
. • -lie, and the subject for the present dropped.
SOUTHWARK PARK.
• .:or announced that the bill promoted by this
• formation of a park for the recreation of the
• • •I southwark had been read a first time by the
. • k ou.O2OKR. and he had no doubt that the bill
through all its stages without opposition.
F:NSBERY PARK.
• c,s brought up from the Streets Committee re-
.: tor approval a deed of security to the Clergy
. t •,.v.,oce Society for a loan of 30,000,1. for the put.
• : tee Finsbury Park Act.
THE .ALARIES OF THE OFFICIRA.
• rt was brought up from the Streets Committee, re-
.o advance in the salaries of some of the
.•. : the board, which was under discussion when this
~.,s despatched.

7.•11 AND AMERICAN EXCHANGE BANK
• LIMITED).-(THIS DAY.)

.:raorainary meeting of the shareholders
..! I o'clock. at the Bank No. 1, Bank-bnildinn.
Mr. HARRY Genica thianor in the chair, 'for
of receiving a report of the dinetors and
of the business to 31st December, 1863."
. . rt and accounts were as follows :
- `,rectors have now to submit to the shareholder, a
-• of tae mention as they appear in the books of the
onu the 31st of December. 1863. These accounts
: rrr a period scarcely exceeding four mouths (the
:.• • .-action not having been entered into until the 24th
,• sod they show a net profit of 2,9271. sa. 9d.,
.s proposed to carry forward to the current year.
4.llowever.fxhibit a complete view of the affairs of
t, :ovation. as the commissions that will be earned upon
•• credits, issued for use in India, China, and else-
?:are not been taken into account, and cannot
• aseenained until the several transactions shall
to a close ; while on the other hand,
L .rs of three establishments intended for the
-cat of an extensive busing.' have bees
The times have ben most unpropitious.
,ostant tluctuations in the rates of exchange I
,dered operations in America unusually ma-
lt the directors believe that, with the aid of their
and influential executive in New York. they
-Aid in laying the foundation of a valuable buil-
i placing the corporation in a tint clan position.
lerelopment of the business cannot of course be
r until the cessatioa of the present deplorable
.r la America, but even under present ..ircurnstaxicee
and character of the transactions justify the
an-
of a sati,factory result from the operations of the
ear.
: Capital paid up, 224,985/. ' • bills
deposit and other accounts (exclusive of credits
.1 use in India. China, and elsewhere). 448,6591.
. together, 673,1441. Is. 1 ld. ; balance of profit and
'27 . ss. 911. ; total, 676,5711. 7s. Bd. Assts.—
at bankers and at call, 3.'i,1721. Is. 1011.;
securities at 14 days notice. 77.4841. IL 3d. ;
• • exchange purchased and discounted, and amounts
. branch and other accounts, 546,7181. 16s. Ad.; pre.
expenses in England and America. including sale
~tors' allowance, legal expenses. brokerage, rent,
commencement of business on 24th August, 1863,
s. sd,; hank premises, office fittings and furniture in
n. Liverpool, and New York, 8,041!. Os. 3d.—total,
"I /. 7s. Bd."

and
lose.— Dr. : To charges at head office and
hes including salaries, directors' allowance, interest
a current accounts, rent, &c.. from the commence-
c; of business on 24th August, 1863, 7,2031. 13. To . ;
427/. 17e. ; balance carried to new WOWS, 2,9271.
l'•1 total, 10,3rlif. 13e. 2d. Cr.: Br green profits for
.1 ending 31st December, 1862, 10,564!. 15s. 2d.
:te eiialuwair, in moving the adoption of the report
r: 3::oucts, entered into a brief history of the company,
11 explained the cause of delay in commencing active
h•rations. A connerioa had, he said, already been ob.
13ed in New York, which must prove very profitable,
:1 the credit of the bank wag well established
America. The net profit of 2,971. might cause disap-
lament ; but the hank had been in operation only four
t7Mi. The amount of profit reported was equal to about
tr cent. per annum., and the commissions on India and
credits,which were not included in the report, would
r.,iwd the profit to tt per cent.
motion was then agreed to, end the meeting

r£.r HARTLEPOOL HARBOUR AND RAILWAY.
(THIS DAY.)

T.- i:alf•yearly meeting of the shareholders was
t own, at the Loodoo Tani= ; Mr. H. R. SANDBACH
chair.

- rep,.rt and &neonate having been taken u rued,
I: 4. A oasts, in moving their adoption, congratulated
..etior on the steady gradual improvement in the busi-
H.
• f the company—an improvement arising from the
o.,rAy of every department of trade, and especially of
.1 and the foreign trades. The result tree an
in the revenue of the half•year of 10,0.:Y.,
had also bees a decrease of expenditure. While the
r,,,oue increased from 63,519/. in 1861 to 116,x881. in
. go., expenditure diminished from 151,000/.
•.
• 1 to 119.0tAY. in 1868. As stated Is the
_ _

the halenos available for dividend. after
All used charges, was 37,5951. Ida. Id.
-..r :Alsace on the half-year available for dividend
• •-2 ....or for interest on all the primary charges,
and debenture loans, is 37,593/. Ilts. Id. ; out
h proprietors of class A stock were entitled in the
• • to re,:eive • dividend at the rate of 3 per cent. per
. . IS would absorb 37,479/. Ids. 84., and the remaui-
- '•. 7.1 was too small to be distributed tea prescribed
• act • between the holders of class B stock and
sire shareholders, bat would be carried forward to
. of these stocks in the company's ammo& The
."r• Prnlytked to pay the dividend on the Clam A stock on
• M +TA. Arrangements had beea made for ear-
' • `4' the Chilton Colliery, which had been
r f to the °messy, and two other collieries
..n Arert.sed forsale. Respecting the war in Denmark,
erre. a bore that it would sot continue Ice&
• .h as its c..oti n wince must affect tbe interests of the
Last portion of the Cleveland Railway, in
t ..t company was largely interested, would, it was
!• be completed neat November. They were
• !Le I•ts, terms with all their neighbours, and
t was, in the opinion of the board, far lire.
eczaging in expensive perliameatam coated..
• of the report referred to offers made by
•is W..rd Jackson to the board to co-operate with
them in the development of the undertaking.
.1.-linesl to accept them. hsiog roavieced that may
••• eould give to them would be worthless.
• ' i. a •I eater into a history of the company for the last
• in support of that view,but would conclude
• oe following addition to the ordi-
' ••. ti
for fire adoption of the report and accounts
meeting fully approree of the conduct of the
.I,::tnang the advice, assistance, or co-operation of
•—a m any form, hie conduct as a director of this
•e.• 10.: an insuperable bar to his being ever allowed
with the management of its affairs."
T • tNEND Dieu, deputy chairman, seconded the

to a ,juestioo.
• that out of the deb.° tore debt of 2,500,000 f.
Lvd been disposed of at a discount.
`',N entered into a defames of his conduct, and
'• Lying a large stake in the company, his sole
• t.. zive the directors, in some form or other, the
' advice as his local position enabled him to
• development of the concern.
•-' of the adoption of the report, with the fors•
to the usual words, had not been put to the
•hen our report left.

• T COMMITTEE oN RAILWAYS IN THE
- Yesterday this committee of the House of
•1 sat from 12 &dock until put 3, coon-
settling the terms of their tirit report, but
.nrec-ver trazispired publicly relative to the coo-
,N .t.