The Express.
London, England, 1863-05-19 00:00:00

THE EXPRESS, TUESDAY EVENING, MAY 19, 1863.

HHATHCOTE PLATE. Hilt • mile.

Rattler,WellUZlli; 3;lia, King of the Forest, Queen
of the Vale, Toronto, Liviagstorke, and Joy f are here.

BRIGHTON STAKES. Three-quarters of a mile.
Sunbeam, Libellous, Queen of the Vale. Splashes, El!erica,
Juliet, Flash.in-the-Pan. Comet, Lord of Lions, Drummer
Boy, Southport, Poland, Rubini, Oman, Lisboa, and Lady
Fanny are here.
WOODCOTE STAKES. Three-quarters of a mile.
War Dance, Bounding Brick, Nourmahal c, le de
I'Air, Lady Warwick, Loosefish, sis to Queen of the Vale,
Molly Carew, Roundhead, Goldylocks, Alcyone, and The
Confederate are hers.

ROM STAKES. One mile.
Umpire, Wins:rave, Prince Plausible, Spencer, Poland,
Ace of Clubs, Gardener, lianrioo, Lord of Linos, Tease me
Not, Mime Armstrong, end Lady d the Isla are here.

CHARTERED MERCANTILE BANK OF INDIA,
LONDON, AND CHINA.-(THIS DAY.)

The annual meeting of the shareholders was held
at 1 o'c!och at the bank, 52, Threedasedle4tmet ; Mr. G. G.

Nicol. in the chair.

The report for the year ended the 31st December last
stated that, after providing for all bed and doubtful debts,
and defraying expense of mangement at all pante, the net
profit amounted to 91,2%1. 14s. ld., to which had
to be added a sum of 401. 15s. ld. undivided
profit brought forward from the preceding year,
making a total of 91.2691. 9s. 2d. Out of the above total;
50,000/. had been paid in two half-yearly dividends, making
together 10 per cent. on the paid-up capital of the bank.
A further sum of 40,0301. bad been added to the reserve
fund. 'l'he unappropnated balance of 4,2691. 96. 2d. was
carried forward to the profit and loss account of the current
year. The reserve fund now amounted to 100,0001., of
which 60,0001. was invested in Indian government
securities as intimated in the last report, and it
was the intention of the court to invest the balance,
40,0031., in public securities as opportunities offer.
Arrangements had been made with Mr. Charles Pearson,
chartered accountaat. Edinburgh, to act as agent for the
bank there, for the receipt of deposit money, and the con-
duct of such other business as required. The reserve Nod
being now completed to twenty per neat, on the paid-up
capital of the beak, as reg Cured by the deed of settlement,
and the business of the bank being largely extended, the
shareholders would be invited to revise clause 113, with a
view to inmate, the remuneration at present fixed for the
directors.

AIRMAN, in moving the adoption of the report,
mid that there had been a considerable increase of busi
ness in the lest year end the deposits showed an increase of
600,0001. All the fames incurred during the year had bee a
written off. As reprded the Hoag Kong loss, the board
acquitted the manager of all blame. and thought he
acted with great energy and propriety in the matter.
The amount of thiv loss, previously etsted to be only 8,0001.,
turned out to be 13,0001. The reserve fund had now
been raised to 100,0001., and it was intended to McNees it
further from year to year. The dividend would in future
be paid on the let of January and the Ist of
July. Since the report wen published arrangements had been
completed for opening a breath in Japan, the Hong Kong
manager who had visited the country being satisfied that
there was a good prospect. The present remuneration of
the directors, 1,8001., wen fixed at a time when the Wahine
of the bank was much smaller ; and it was now proposed
to increase it to 3,0001., which he believed was not at all
too much for the duties performed, and the position of the
tank. _ .

The report was unanimously adopted, the retiring direc-
tor, were re elected, and auditors were appointed for the
maiming year.
A resolution was passed increasing the remuneration of
the directors from 1,8001. to 3.0301. per annum, such in-
MOM to take effect from tholes of January last.
A rote of thanks to the chairman and his colleagues ter-
minated the proesedings.

LONDON,TILBURY AND SOUTHEND RAILWAY

..,
(THIS DAY.)

An extraordinary general meeting of this com-
pany took place this day at the London Tavern, Bishops-
pte-drest, to consider the provisions of a bill for autho-
rising arnagements between the London, Tilbury, and
Southend Railway Company. and the lessees of their under-
taking, and the F.setern Counties and London and Blackwell
Rainy Companies!. with reference to the leer and work-
ing of the Loudon, Tilbury, and Southend Railway.
The CHAIRMAN stated that when he last bad the honour
of addressing the shareholders, the object of the present
bill was properly ventilated ; and no alteration had since
taken place is its provisions. The bill was simply a psi,
=noire bill to enable the lessees to negotiate with the Til-
bury and Southend Company and other companies collater-
ally interested in the preeeot lease. The bill had passed
unopposed through the House of Commons, and was only
awaiting the approval of this meeting before it was submitted,
to a second reading in the House of Lords.
The SOLICITOR having reed the beads of the bill, a main-
tics in accordance with the object of the meeting was agreed
to, and the basilica, terminated.