The Express.
London, England, 1864-01-01 00:00:00

THE EXPRESS, FRIDAY EVENING, JANUARY 1, 1864.

£120,000
5,000
50,000
150,W0
50,000 ,
50,000

London Tavern Company
London Scrap Iron Works Company
London and Westminster Wine Company
London Flour Company
London Paper-making Company
Llanberis Slate Company
Little Hampton, fiance, and Hontleur Steam
Ship Company
Llaarbidian Bituminous Colliery Company
Lundy Granite Company
Lancashire Steel Company
Leasehold Investment Company
Llanfair Green and Blue Slate Company
Margate Terminus Hotel Company
Manchester Villa and Cottage Association
Mauritius Land Credit Company
Mining Company of Italy
Metropolitan, Tottenham, and Hampstead
Railway
Mediterranean Hotel Company
Mauritius Cu Company
Metropolitan Lavatory Company
Matanzas and Salianilla Railroad Company
Marine loveatment Company
Metropolitan Zinc Rolling Company
' Madge Railway
Mercantile Credit Association
Mercantile Union Assuranze Company
Merchant Banking Company of Loudon
Madrid Bank
Marietta and Cincinnati Railroad Company
Mercantile and Exchange Bank
Midland Counties Union Banking Company
Martin's Patent Anchor Company
Muntz's bland Company
Mask Library Company
National Steam Navigation Company
New Zealand Banking Corporation
National Bank of Liverpool
Natal Central Railway Company
North and South Staffordshire Railway Com.
pans

150,000
100,000
25.0 W
150,000
100,00 f)
50,000
50,000
50,000
250,000
50,000

500,000
300,000
100,000
60.000
300,000
500,000
100.000

400,000
2.000,000
1,0u0,000
2,000,000
1,200.000
300,000
1,000.0(0
1,000,000
50,000

600,002

20,000
2,000,000
600,000
1,000,000
000,000

Neer Flop Planters' Company
North Delabole Slate and Slab Company
Neatla sod Valenti' Colliery Company 6.5,000
Nottingham and District Gas Coosamers' Com

Pan? lOO.OOO
New Theatre Company
Newport lnl-dock, Wood, and Iron Ship-
building and Ship Repairing Company lOO,OOO
Nice Hotel Company

Norwich Flour 3iillsCompany 50.000
National Guarantee and Suretyship Company

_
National Armoury Company lOO.OOO
North Chiverton Silver Lead Mining Company 6,000
North Warwickshire Wonted and Woollen
Spinning and Weaving Company
Neustadt Charcoal Iron Works
New Mansfield Copper and Silver Mining
Company
North Western Railway Rolling Stock and
Plant Company lOO,OOO
National Provincial Aerated Bread Company
New Concord Silver Lead and Copper Coin.

pang
Norwegian Copper Mining Company
New Zealand (Provisos of Auckland) Loan
Oten Copper Mining Company
Ottoman Railway from Smyrna to Aidin
Oriental Tea Company
Oil-Seed Caushine Company
Oriental Hotels Company
Patent Incombustible Starch Company
Photogenic Gas Company
Petroleum Trading Company lOO,OOO
Patent Ventilating Granary Company lOO,OOO
Patent File Company
Patent Concrete Stone Company
Ilya, River Slab and Slate Company
Pertusola Lead Mining and Smelting Company 250,000 •
Public Work' Credit Company of London and I
Paris
Princess Alexandra Silver and Zinc Mining
Company
Pneumatic Despatch Company 150,000
Para Gas Company
Panonia Leather ('loth Company lOO,OOO ,
Portuguese Three per Cent. Loan ^,7,00,000
Palleg Anthracite Coal and Iron Company 20,000
Paper Making Company of London
Patent Fibre Manufacturing Company
Patent Lubricating Oil and Grease Company 60,0001
Patent Atmospheric Marine Salvage Company 100,000
Portugal Iron and Coal Company lOO,OOOl
Philharmonic Room. (Southampton)
Queensferry Alkali Company
Richmond•hill Hotel Company lOO,OOO
Resideotial Clubs Compisng
Royal Della Vue Hotel Company of Aberyst-
yrith 3O 000
Royal Naval and Military Banking Corporation 1.000,000 I
Royal Sardinian Railway Company
Ramsay Lead Mining and Smelting Company
Royal Marine Hotel Company of Kingstown
Randolph Hotel Company (Oxford) 30.000
Ramsgate and Broadstairs Hotel Company lOO,OOO
' Staffordshire Joint Stock Bank 1,000,000'
Sardinian Mining Company lOO,OOO
South Essex Waterworks Company
South Blackpool Hotel Company
Staffordshire Rolling Stock Company
South Grylls Mining Company 20,000
I *online& Pier and Hotel Company
Suburban Hotel Company
St. James's Hotel Company
s'uthampton Imperial Hotel Company
Skein Silver Mining Company .
South Kensington Hotel Company lOO,OOOl
Stafford and Uttoxeter Railway
St. Thomas Fleeting Dock Company
Storms Breech Loader Small Arnie Company 100.000
Salvador Loan
Seven per Cent. Cotton Loan
Thames and Mersey Shipping Company
Tobacco, Cigar, and Snuff Compan! lOO,OOOl
Torquay Hotel Company 70,000
Turuhurst Hall Colliery Company ..... 75,000
Tywarohaile Mine 30,000
Tregurtha Downs and Owen Consols Mining
Company
Terriccio Copper Mining Company
Trent and Humber Ship Building Company 50,000
Union Yacht Club House Company
United London Newspaper Company
Union Marine Insuranee Company ...... 2,000.010
Venezuela Six per Cent. Loan
Vallanzasca Gold Mining Company 50,000
Volunteer Hotel Company
West of England Woollen M a nufactoryCompany :00,000
West India and Pacific Steam Ship Company . 1,000,000
Weston-super-Mare Hotel Company
Whittington Freehold Colliery Company
Welsh Flatnel and Tweed Company
Went Surrey Tanning Company lOO.OOO
West Kent Music-hall Company 30,000
West Wheal Friendship Company 30,000
Westminster and Southwark Bank 1,000,000
, West Cornwall Consols, Tin, and Copper
, Mining Company
, West Central Horse and Carriage Repository
Westnn Fire !Laurance Company
Yorkshire Railway and Waggon l'ompuny

30,000
30,000
1,0(10,000
30,001)

£144,128,000

THE POOR OF BETHNAL-GREEN.

late Intelligence.

HIGH COURT OF CHANCERY.
Sittings appointed for Hilary Tem, UM.

- --
BILYOZZ 2111 LOAD CIILNCILLOIL—At Lincoln's-Inn : Monday,
Jan. 11, motions and appeal
peal. t.i Tuesday, 12, petidons and.
ItursikLy, 14, appea Wedoesdal'anals and appeals : Friday, 16, a and
ppeals :
Saturday, le, appeals in Bankruptcy and appeals ; Monday, 18,
Tuesday, 19, appeals: Wednesday, 20, appeals In Bankruptcy
and appeals : Thursday, 21, appeal melbas and appeals; Friday,
22, appeals; Saturday, 23, appeals In Bankruptcy and appeals;
Monday, 23, Tuesday, 26, appeals ; Wednesday, 27, appeals to
Bankruptcy and appeals : Thursday. 28, appeal motion' and
appeals: Friday, 20, appeals; Saturda, 30, Fetltloas and ap-
peals In Bankruptcy and appeal' . Monday, Feb. I, appeal..

- - - -
61:1033 21111 11112113 t op Tall SOUS. —At Chancery-lane:
Monday, Jan. 11. motions ; Tuesday, 12. Wednesday, 13, goners'
paper: Thursday, 14, motions and general paper: Friday. 15,
general paper Saturday. 18, petitions, abort causes, adjourned
summonses, and general paper: Monday. 18, Tuesday, 19, Wed-
nesday, 20, general paper Thursday. 21. motions and general
paper Friday, 22, general paper: Saturday, 23, petitions, abort
camas, adjourned summonses, and general paper: Monday. 25,
Tuesday, 26. Wednesday, 27, general paper; Thursday, 211, motions
and general paper : Friday, 29, general paper: Saturday. 30.
petitions, short causes, adjourned summonses, and general
paper Monday. Feb. 1. general paper. B.—Unopposed peti-
tions must be presented, and copies left with the Secretary on
or before the Thursday preceding the Saturday on which it le
intended they should be heard, and any causes intended to be
heard as short canoes must he so marked at least one clear day
before the same can be put In the paper to be so heard.
BEFORE TIM Loans Jr3llCl2l.—At Lincoln's-Inn Monday,
Jan. lt, appeal motions and appeals: Tuesday, 12, Wednesday,
13. appeals ; Thursday, 14, appeal motions and appeals : Friday.
15, petitions in lunacy, appeal petitions, and appeals Saturday,
IS, Monday. 18. appeals : Tuesday. 1 Wednesday.pealo the County
Palatine of Lancaster and appeals : 20, appeals:
Thursday, 21, appeal motions and appeals Friday, 22, petitions
in lunacy, appeal petitions, and appeals: Saturday. 23. Monday,
25, Tuesday. 26, Wednesday, 27, appeals: Thursday. 28, appeal
motions and appeals: Friday, 29, petitions in lunacy, appal
petitions, and appeals ; Saturday, 30, Monday, Feb. 1. apPe6W
Notice The days (if any, on which the Lords Justices shall be
capered in the Full Court. or at the Judicial Conamlitte at the
Privy Council, are excepted.

HRYORR THE TICZ.CHANCELLOR SIR RICHARD T. Kninrsstay.
—At Lincoln's-Inn : Monday, Jan. 11. motions, adjourned sum
monies, and general paper Tuesday, 12, Wednesday. 13, gene-
ral paper ; Thursday. Is. motions, adjourned summonses, and
general paper ; Friday, la, petitions, adjourned summonses, and
general paper : Saturday, Mt short causes. adjourned summonses,
and general paper ; Monday, IS, Tuesday, In, Wednesday, 20,
general paper : Thursday 61, motions, adjourned summonses,
and genera) paper ; Friday, 22, petitions, adjourned stRUMOOMS,
and general paper ; Saturday, 23, short causes, adjourned sum•
monies, and general paper ; Monday, 2.5, Tue,day, 26, Wednes.
day, 27, general paper ; Thursday, So. motions, adjourned a un-
monies, and general paper; Friday. Bt. petitions, adjourned
summon/Mt and general paper : Saturday. 30, short causes,
adjourned summotoes, and general paper Monday, Feb. 1,
general paper. N.B.—Any PIMA intended to be heard as short
causes, must be so marked, at least one clear day before the
sane can be put in the paper to be so heard.

MCFORE THE VICE CHANCELLOII SIR JOHN STEART.—At Lin-
colree-inn : Monday, Jan. 11, motions and causes: Tuesday, 12,
Wednesday, 13, causes: Thursday, 14, cause; Friday, 15, peti-
tion.' and causes, Saturday, 16, short causes and causes: lion-
day, ls, motions; Tuesday, lit Wednesday. 20, Thursday, 21,
causes hiday, 22, petitions and causes : Saturday, ?A, short
cum, and causes Monday, 25, inoti,.ns; Tuesday, 20. Wed-
nesday, V. Thursday. 2s. causes; Friday. 29, petitions and
causes; Saturday. 30, short causes and causes . Monday. Feb. I,
motions. It Any causes Intended to he heard as short causes
must be so marked, at least one clear day before the same can
he put in the paper to he a i heard. No cause, motion for de-
cree, or further consideration, except by order of the court, may
he marked to stand over, If It shall he within 12 of the last cause
or matter iu the printed paper of the .lay for hearing.

BEFORE THE VICEXHANCELLOR SFR W.S.WOOD.—At Lincoln's-
Inn Monday, Jan. 11, motions and general paper ; Tuesday, lf,
Weilneaday. 1%. general paper ; Thursday, 14, motions and ge-
neral paper : Friday, 15, general paper ; Saturday, 14, petitions,
short claws, and general paper Monday, 19, Tuesday, 19,
Wednesday, 20, general paper Thursday, motions awl ge-
neral paper . Friday, 2., general paper Saturday. 23. petitions,
shirt causes, and general paper ; Momlay, SS, Tuesday, Wed-
nesday, 27, general paper Thursday, 29, motions and general
paper . Friday, 29, general paper ; Saturday, 30, petitions, short
causes, and general paper Monday, Feb. 1, general paper.
N.B. Lay causes letended to he heard as short causes must be
so narked at least one Blear day before the same eau be put in
the paper to be so heard.

THE POLICE COURTS.

THE ALLEGED ABDUCTION OF A YOUNG

LADY.

At the Wertnanater police-court yesterday after-
axe Mr. Ferdinand Philip Pistol Stroastarg, who steads
charged with the abduction of Miss Grace Ellen Nipper,
the daughter of Dr. Napper, of Dorking, Surrey, appeared
before Mr. Self., pursuant to his recognizance's 'stared into
on Tuesday.
The defendant bad voluntarily surrendered on Tuesday,
to preveat Ids apprehension under the warrant which had
bees obtained against him at this 'cart, bat the case was
postponed, as Dr. Newer was not then present.
Mr. :Ninth, of Booltester-row, again appeared as solicitor
for Dr- Napper ; and Mr. George Lewis for the defeadant.
In addition to the charge of abduction an additional ors
at bigamy was preferred.
Before the cue was gone into • gentleman applied for a
search warrant against the defendant relative to some
plans which it was believed the defendant would make im-
proper moo!.
Mr. Self' declined to pant the application pending the
ialltz.iSonth, in opening the case on the part of the
prosecutor, Dr. Napper, mid he appeared to charge
defendant on the two-fold charges of abduction and
bigamy. Dr. Napper was a retired surgeon residing
at Homewood, near Dorking, and the defendint some
time sloes took a farm in the immediate neighbour-
hood, and thus became acquainted with the family of Dr.
Napper, and paid his attentions and was received as the
suitor to the eldest unmarried daughter of Dr. Napper ; and
lin March last he succeeded in inducing Miss Grace Ellen to
elope with him, she then being wader the age of 16, and
promoted to Boulogoe, where he asserted be was marred to
the young lady. He was after wards traced to be residing at
8, Lower Belgrave-place, Pimlico, and afterwards to Ebury.
street, where Dr. Napper succeeded in seeing his daughter,
and demanded her return. The defendant, however, locked
up the your{ lady and her mother in a room, sod threatened
to force Dr. Napper out of the house. He within two days
after his daughter was taken away applied to aid ob-
tained a summons from the magistrates at Dorking against
the defendant, but which was never executed. The ground
of the charge of bigamy was that the defendant was
married on the 12th of August. 1848, at Christ Church,
Marylebooe, to a lady named Mary Lewis, who was now
alive. The defendant first paid his attentions in June, 1862.
He (Mr. Smyth) was not prepared with legal proof the
bigamy, but would simply offer such evidence as would
justify • remand.
Dr. Napper was then examined, and detailed the circum-
stances under winch the defendant had iodated cis daughter
to leave her home, and the defendant's assertion that he
bad married bur at Boulogne, in the month of September.
He demanded the return of his daughter, when the defen-
dant locked her up in • room with her mother, and said if
his daughter were taken away she would destroy herself.
On the 4th of November the defendant came to London,
bringing with him Dr. Nappies two daughters. lie fol-
lowed them and traced them to 8, Lower Belgrave-place,
about a fortnight ago. The defendant and his daughter
were not there, hut on the night of the 18th of December he
found them at No. 3, Ebury.strest. He saw the defendant
drive up in a carriage with his two daughters. It was
about eleven o'clock at night. He saw his daughters alight.
He went up to his youngest daughter and took hold of her
and said, " My dear Grace, come along with me, and leave
that villain" (the defendant), when the defendant came up
and forced his daughter from him, and he was given into
custody by the defendant, but discharged at the police-
station. Dr. Napper then produced an examined copy of
the marriage-register of the defendant with Mary Lewis, at
Christ Church, Marylebooe, ea the 12th August, 1848.
Cross-examined by Mr. Lewis—He believed at the time
he said he was warned to his daughter at Boulogne that the
defendant was a married man, that was in the month of
October,-1862. In October he received a letter stating that
fact, and he accordingly took her away and locked her up in
her bed-room. In the month of December,,le6l, a Mr. Wilton,
a solicitor for the defendant, never told him the defendant
wise married man. He withdrew the warrant Ia March last.
Before he did so the defendant sent him 2001. That mosey
he did not settle on his daughter, but appropriated it for
the expellees he had been put to in employing and teeing
the detective police to trace out his daughter. His wife
had also remained in London, and would not return home
until after the warrant was withdrawn. It was after he
received the 'AO/. the warrant was withdrawn. Three
days after that was done he met the defendant and his
daughter and dined with them. The defendant came back
to Dorking. His two daughters were residing at Mr.
Strousberg s house; Mrs. Sapper also resided there some
time. His (prosecutor's) son-in-law, Captain Powys, and his
wife arid child also were staying there, and he (prosecutor)
also resided there for sometime. His wife and children were
not residing at the defendant's with his (Dr. Nap.
per's) consent ; and he only resided there because he did
tot like to be separated from his family. The defendant
was constantly, almost daily, in London ; he did not take
away his daughter in the abeence of the defendant, because
he was apprehensive of a great disturbance, and annoying
Mrs. Napper. The defendant had prowled to provide
shouting for the prosecutor in November last, but be did
not ask him to dose by word of mouth.
Mr. Lewis handed the prosecutor several !otters, in which
he addressed him in familiar tense, as " Dear Stnoisbarg,"
relating to money matters, and the assignment to him of his
house, and asking the defendant to sign an indemnity
against all the expenses attending • chancery suit reeking
his daughters wards in Chancery.
The prosecutor admitted that when he wrote those let-
ten his daughter was living with the defendant, but it was
without his connect. He did not write to his daughter to
come home. His daughter was • ward in Chancery, and
a Mr. Young, • solicitor at Dorking, was her guardian ; be
did not know that he could have had possession of his
daughter by an application to the Court of Chancery, or he
should have done so. He admitted seeing his daughters
driven by the defendant in his mail phaetua between Dork-
ing and Horsham ; that WASit) the month of November last.
He assisted his daughter into the carnage at Horsham ; she
was then more than sixteen years of age. It was after that
he learnt that the defendant had been married to Mary
Lewis. Hie wife last left him on the 4th of November. It
was before that the interview took place at Horsham. Did
sot apply for any warrant for the abduction of his daughter
until after the defendant had charged him (prosecutor) with
an assault. In September be demanded his daughter to
return home, but the refused. She was then more than 16
years of age. He could not say whether or not he had writ-
ten to the defendant demanding his daughter. He admitted
that that morning before the defendant surrendered he told
him if he would give up his wife (Mrs. Napper) and his
daughter, he would withdraw the present charge, but if be
would not he would charge him with bigamy.

At the conclu.sion of the
eater,

its= of the prow

Mr. Lewis asked whether Mr. Smyth would, after what
had transpired, proceed with the charge of abduction.
Mr. Smyth said he would leave the matter is the bands
of the magistrate.
Mr. Self, raid there was all end of the charge of abduc-
tion ; no jury in the world would convict upon such
evidence: it was clear that the daughter was above 16
years of age.
Mr. Smyth then asked that the defendant should be re-
manded oo the charge of bigamy.
Mr. Selfe said as the evidence stood there was not suffi-
cient proof, and the prosecutor said be had no actual belief
or knowledge of his daughter being married, but he was
afraid she was living with him as his mistress.
Mr. Leith said that there was a snit now pending in the
Divorce Court by Mrs. tapper against the prosecutor.
Mr. Selfe said he entirely discharged the defendant on
both the changes of abduction and bigamy. At the same
time he felt bound to say that the came was • mast dis-
graceful and disgusting affair altogether.
The defendant was then discharged, but as soon as he left
the coact he was surrounded by offieers of the Sheriff of
Middlesex, and after a desperate struggle conveyed so a cab
to a lockup, the defendant's claim of privilege being un-
heeded by the officers, amidst the shouts of a large crowd of
persons who had assembled.

THE FATAL Or!! ACCIDINT AT HOgHBgT.—
Yeaterdsv afternoon ► jury assembled before Dr. Lankester,
at the tionney-wood Tavern, for the purpose of inquving
into the circumstances connected with the death of • youth
named John Banks, aged 15 yearn, who was killed by a gun-
shot on Tuesday last in the Seven Sisters-rod, Bonny, u
reported in our yesterday's impressioe. Having heard the
evidence the jury, after a short deliberation, returned •
verdict of " Accidental Death." They then expressed •
wish that the coroner would admooish Lambert, so aA to
make him feel the sense of his position in having deprived
the poor boy. his fried and fellow workman, of life. Lain-
bert haying been called in before the full court, the
coroner very feelingly addiemed the youth, showing that
by his manifest want of knowledge of the use of firs arms
he bad bikes the life of his companion. The jury, on ac-
count of his youth, had dealt leniently with him, for they
might have sent him for trial for manslaughter, but hoping
this would act as a warming to him and to otben
not to infringe the law, by which, as in this
case, such • dreadful result had been brought
about, they had thought proper to relieve
him of that responsibility, and consider the death as one of
accident. Lambert appeared to feel his positioe acutely,
and shed tears, as also did his mother. The mother of the
deceased, too, was painfully affected dnriog the whole pro-
endings. The jury then passed the following resolution
:
"The jury empanelled on the 31st day of December, at the
Bonney-wood Tavern, on view of the body of John Beaks,
having returned their verdict that he disci from being acci-
dentally shot by Charles Lambert, would cell the attention
of the commissioners of police to the necessity of exercising
more stringent powers in the apprehension aid punishment
of the numerous persons who are in the habit of frequent-
ing with loaded guns and shooting in the fields and public
roads in the neighbourhood of the house in which the is-
quest had been held. as inch conduct was attended with the
greatest danger." The °moan having promised to forward
that resolution to the commissioners, the proceedings
closed.

In cases of debility at the early periods of life
Dr. de Jonglis Light Drown Ood Liver Oil has alway, heen found
an unrivalled restorative. Dr. Pearce, the Author of the
"Hygiene of School.," °Dienes .—" lat one time administered
the pale oil In an • stabliahment containing ISO children. I now
be none other than Dr. de Jonah's nil. lam Wished of
rtre7iperimity °ter every other preparation of this valuable
medicinal agent." Sold only in cagouled bottle., to. ild., 4a. 9d.,
and ga, by Dr. do Joqo.• soots, Auer. Harford, and Co., 77,
Una& Lamb" end

LONDON AND BRATJLIAN BANN.

The following is the report to be presented to
the ordinary general meeting of shareholders in this com-
pany, to be held ma the llth instant
la compliance with the provisions of the act of parliament
under which this enmpaay is Moorporated, • general meet•
Mg of the proprietors was held in the month of Hay last,
but the bank had then so recently commenced active busi-
ness that the proceedings were of a formal character only.
Tin shareholders 'were informed of the steps which had
been taken by the board for obtaining the recognition of
the company to Brazil sad Portugal, and for opeoiog estab-
lishments in both of those countries. The meeting was,
however, made special for the purpose of consider.
log the propriety of increasing the -share capital of
the company from 1,000,000/. to 1,500,0()01., and •
resslution was pond authorising the creation of the
additional capital by the issue of 5,000 Dew shares of 1001.
each. Th 94 directors hare sow called the shareholders
together in order to submit to them accounts showing the
result of the operations of the bank from the commencement
of business to the 30th June, 1861 These accounts, which
have been duly audited in accordance with the provisions of
the articles of asenciatioe, are annexed to this report, and
show a result verifying the anticipation expressed by the
board at the meeting in May last. Reverting to the resolu-
tion for increasing the company's capital, and to the autho-
rity given the board to make an allotment of it, the direc-
tors have to 'sport that 2,800 new shares were allotted for
distributMo amongst thesharehohlen in the Jiggle-Portuguese
Bank, and the remaining 201/ were disposed of by the board,
the whole resulting in a premium profit to the company of
19,189/. 15a. Thu sum the directors have carried to •
separate account, and they recommend that it should form
the nucleus of • reserve fund, to which an addition should b•
made as after mentioned. The net profile, as shown by the
accompanying accounts (exclusive of the sum realised by the
issue of the new share; and after making provision for bad
and doubtful debts, and providing for all the preliminary
expenses connected with the formation of the company, its
constitution in this country and abroad, and the organisation
of the working staff in Brazil and Portugal), amount to
13,5561. 74.9 d., which the directors advise should be applied
I as follows, viz. :—First, in paying a dividend, free of income
tax, of 17s. 6d. per share (equal to interest on the paid-up
capital after the rate of 5 per 'cent. per annum) ; and,
secondly, in adding to the reserve fund a sum of 810/. 55.,
by which that fund will be raised to 20,0001., an amount
which the directors hope to see largely increased out of the
profits of succeeding years. These proposed appropriations
will leave a balance of 1 3711. 2s. 9d. to be named forward
to the next account. It will be in the recollection of the
'proprietors, that it was in the formation of the company
contemplated to convert each of the 100/. shares into which
the capital is divided into four shares of 251. each, so soon
as the legislative restriction as to the nominal amount of
shares in • banking company which then existed should be
removed. The general act of parliament which has since
passed, although withdrawing the restriction, does not con-
tain any provision under which the proposed conversion can
be effected, and hence it is that the directors have decided
(as intimated to the meeting is May let) on applying to
parliament in the ensuing erosion for • special act autho-
rising the conversion of shares in the manner mentioned in
the prospectus. The directors have made • all of 5/. per
share, payable on the 21st January. This will facilitate the
division of the shares. making 40/. paid, or equal to 10/. on
each share when divided. Assuming parliament to sanction
the company's application, the capital will stand at
1.500,800/., in 60,000 shares of 251. each. Whilst the
results of the working of the company must be re-
garded as satisfactorily fulfilling is general the antici-
pations of it, promoters, the directors regret to et►te that the
progress in Portugal has not met their expectation, but
they hope that by perseverance oo the part of the officers,
and a steady adherence to the principles of English banking.
the local prejudice will eventually be overcome, and that
the business of the bank will increase in that country.
wordage.' with the articles of association three of the
directors, viz., James Alexarder, Henri Louis Biachoff-
@helm, and Philip Charles Caves, Esquires, now retire, but
being eligible they offer themselves for re-election. The
auditors also retire, but are in like manner eligible for re-
election.