The Express.
London, England, 1862-01-18 00:00:00

LAW INTELLIGENCE.
(THIS DAY.)

EQUITY COURT.
(llefore the Metter of the Rollo )

is OM NATTIN or THE DIFINDSK ►IL AND LIVE ANSU.

{ARC{ COMPANY.

hi. is see of the nemerom cwopss•ae with which the
1;.4‘ of Deposit had coesected itself.
The Defenikr Company was established ha Jamey, INT.
it, the deed of wittent its prim= gosiletelled he he
te sod effect aseurmaces ou heir simesoeselettiet
err. k, I and sell annuities, sad he edemas teensy try
• of loan or mortgage. The chief ease at the sose
1. •.% was is Bridge-street, Blackfriers. The capital deck
• wriest of owe million pounds sterling, in 40,011111
274 each, instead of 214001.1 of NW., em
,ai,▪
esally proposed. In 18.17 Use Defender sold
latainerr to the Leeds sad Yorkshire As-
r“. soy l'om pin v. to which ,she sum of 2,0001.
•rr pet]. as a ,oicrideratioe for relieving the Defender
fruit liabilities in respect of its policies, dm., existing
st the time of the sale. From the time of such sele, this
Defesderiesesed to ferry int business in England, but they
credos thee mud briers abroad, end pa:Lieu's:ly in
Firm. In May, the Defilade. sold its foreign
kfr beromte tho Lank of Derail. Thai bet rcliedule to
tie agreerest atubmlyieg the terms of such sale, stated that
sbe property of the compasy to hence was etiolated et
spuds 4 tAtity „ sod the woad schedule stetted that
twestreight amity policies, in respect of which there 1164
'mpge by the company seedy 10,0001. a year. had hew
;rioted by them,ssd that the life policies is force were 540 is
•i-.tor. The miry sewed by these life policies was up-
viols of Lriti,tlDX., turd the Mame received is respect of Nook
pdices was upwards el 6,0001. lo the same month of May
th • foreign tire Lamers w also sold to the Bank of Deposit.
~ I hi, true, the directors of the Defender Company
,optioned to grant policies sad thesities, but exclusively
h. sorties modem abroad, in the same of the
Defender Compaisy, though for the brat of the
rook of Deposit ; sod is the risme month
of bdober Peter Merrier sod coven other directors of
Its ilaik el Deposit hersies directors of the Defender Crim-
per is piece of semis theme( who had executed transfers
.4 all their shares therein, and from that time
the Crimes of the Defender roinpany had bent
eraser exclusively by the diraches of the Beek of
Deposit, awl as is. camera with it, the manager of the
lardesder coatisuing, indeed, to bold Deo", but be merely
sited as the agent of the Beak of Deposit. From October,
10-cf. till November, IS6I, crap Seth. transferal the business
of the Defender Company to a Preach compass' celled " La
Cow des Families" M September or October 11161, the
d,rnton of the Bug of Deposit costinued to grant
manila. for lives, and ocroatneally policies for
lives to persour resident abroad, chiefly in
Frage, is the WOW of the Ih-feeder Cocoons', sad
sailer their strestures, at directors thereof, and thereby
liabilities to a large oncost had twee incurred, which have
eve pertly met by the direstors of the Beek
el Depsee, and are partly still subsisting to
• twee amount At the tore of the treader
ef the foreign bumps" of the Defender Company to the
Biel of Deposit, the assets in Erna .ed of the former ocie•
sited ably or 'trios's"! v of their ahem is Beidgestrest,
of metes leasehold properties at Enth sad Peck-
bac.. held be way of mortice, and of a small
freehold property at Newbury, in Berkshire. Them
pw,i.reiew were end still mannered vested is Richard Anon.
61”.1;h sad T. B. Sowerby. as trusUmm of the
Defeatist' Compeoy. In Venice the property at
the defender cosseted of tormented soil Mbar
storks, feeds, and securities, which wore wholly er
che.iy appropriated to answer asellitiss, sad stood
in the same. of the Weeder Company sad of the respec-
tive smoiteete. The aloes is Bridgeable& ham nom
bees sold sod the precook thereof, mod the rests sad profits
of the other properties is Espied have lees received by
Peter Morrison, sod as mashies in Foam fell is the trustees
of the Defender Compaq have been celled es by the Bask
of Deposit to sell, sad have mid the French bads 'thanked
be the crew of such asseition, and the proms& thereof
eye been received by the Bank of Deposit. or Pater 1101,4.0.•
Little. if any, morphs* income wss sow derived from the pro-
perty is England, eel the residue of the French property
ipproprieted to the payment of the subsisting mieuitee.
Is fact the Defender Company had no meets evadable for
Peering we eta busies 's toe petition alleged that a
call .if 4o per share was made on the shareholders of the
Defender Company in IMP, but though the petitioner had
paid the seine. mossy shareholders hail sot, sad that many
has *zonated transfers of their shares to Peter Morri-
son as trustee fir the Beak of Deposit. dough
such transfers had asly within two menthe lees
Monied em premier' by the 7th and Bth Via., e. 110.
Is I Pi 6 I, the office of Jobe Kelelsy, 7. El' al- street, ELLA-
friars, blame the ogee of the Defender Casopssymad there
commutations from .bused es its business were received,
but merely for the purpose of being treasteittel te No. 3,
Pall-mall, the *Mosel the Beak of Deposit. Is September,
DWI. se agreement wee segued by the director of
the mid French enaipeny, La Gana des Famines, and
Mr. Alpheus. Loustruess„, r Alarm for the lrefiroder
Coinoany, which was is mobsters tor the trsusfer to
the Crier. des Families of the whole of the life
annuity soil buggers sad Frame assets of or in the
same of the Defender Company ; and Peter Morrisos
sill se ntly requested the Duerr to execute lemon of et-
torory fur the 41 opor,l at the deaths of the soughing of the
property in the Frroeb investments, stating that the
bouness of the compeny had Deem disposed of as above
welcomed, though without prejudice to the terms sad
coolitioss of the agreement between the Defender Cow-
pere sad the Book of Deposit.
This petition was sow presented by • shareholder of the
Defender, praying the dissolution and winding-up of the

conapent.
11.. Hower Teacloths weal wiedieg•wp ardor.
Mr. Hoggallay rand Mr. itegobavre appeared for the peti-
tioner, awl Mr. Roxburgh for the official trimmer of Nos
Beck of Deposit.

COURT OF BANKRUPTCY.
(Before NIL Miller. Registrar.)
iR ez rersa IFORSISON.-THI ALM OF MOM.

was a meeting of creditors, held ander the 183 th
portion of the usw act, which provides that, "At any mat*
to be oiled for the purism% sad of which ten days' polies
shall have bees given is the Leaden (M:etie, three-fourths
in somber sad value of the creditors preeetit or rep:wonted
at such miens& may resolve tang the "Mete ought to be
wouod up under • deed of arrangement, composition, or
otherwise, and that an appliastion shall be mule to the
court to stay Fes .osetlinp is the trar.kruptcy for sack period
as the court 01.111 think Bk"

At the laat sittiog it will be remembered that the private
eredi►ore of Mr. Morrison carried tbe choke of assignees,
end agreed to a nieolution granting him an allowance of 4/.
aweek, is the event of his surrendering to the adjudication.

Up to this morning be bad not done so, At the same meet-
ing Yr. C. E. Lewis, Adios on behalf of the friendly coe-
ditors. gave notice of a me•tieg under the Iltatb see., as above.
lir. Whinier repreeentod the petitioning creditor and
other Creditors as on the former ommaioo.

Mr. Lewes no. proposed to peas • resolution under the
110th auction. the terms of which are se follow : " In cam
at such meeting, or at any other meeting of creditors, any,
proposal shall 1. made by or ou behalf of the bankrupt whisk'
it shall appear to the major part in value of the creditors
then present ought to Le accepted ; or if it shall appear to
the majority in value of the crelitoes present at say seset-
ing to be elessinililo on any ground to resolve, sail curb ma-
jority shell rePOIVe, that no further pronsedinp to taken in
bankruptcy, the meeting shall be adjourned for low-
ten days, in order the. notice of such resolution
easy he giveo to every creditor by the dß-
eel or erelstors swipes, which ehsll be dose
accosliagly ; and if at each adjourned meeting • majority is
number representing tbreefourths in veins of the creditors'
present shall no resolve, the proceedinp in bankruptcy shall
be suponded, and the estate and effects of the bankrupt
shell be wooed up sod administered in such manner ea such
raspeity shall diret ; sad the bankrupt, having made s full
discovery of his entate, shall Le entitled to apply for an
mere of diecharge."
The Reimers doubted whetbes it was competent for the
creditors to proceed under the 110th clause, at s meeting
called seder the lecith. _

Mr. 1, win rdied 00 the words is the former &nun% “ eat
at any utimr tweting of creditain," sod contended that those
won's viers sufFliratly wide to endorsee a meeting specially
called. or ere* so examination meeting. He submitted •
resolutma is the following terms
•• Iletnoranduni.- -This bring Use day Axed by advertise-
meat in the Lentos aurae for • meeting of the creditors 4-4
the above awned bankrupt, oenvesisil pennant to the Hoak-
root-, Act, 1851, to costaider and resolve whether
hie estate ought to to woad up under • and
of arrangement, composition, or otherwise. ad whin
ther ea appliotioe should be made for the court
to stay promediegs is the bankruptcy for suelt period as
the court should think fit—we. the sodomised. baiii the
major part in value of the creditors proem' at the meet-
ing, declare that it appears to us desirable to neseleet
ea
we de seeseitieglY menlre, plummet to the 111th
esti= of tbe rid wt. that no further proseidluge
in this ostler be taken in lenkreptcy ; and we do Astber
reeehe that tads uwsslsg shall he siljoanied meg tles Ist
day et February. lug, et 11 o'clock is the twwsy be
seder that sense of sorb reseledies may be gives ea
by We aid Lew nestiosed settee.'
TllO - Of ovum lb. creditors one per tbeil
selvews ITtbey Odell prep. ; bet I *bell report it M
swirl es I sae required to de, seder tbe Diet/ eve.
Kr. Lisle rid it WI& eight the& he 'Meld elide egg*
Obi seem wW tbe majority sl emitters ember his advise
W table at that sissies. All tb• leselies hr tbs ANN
snipe= es eppliostion was seeds fey s feels' eseelieti
be be WA sod which was ultirmatelp Axed far the dry--
lbe applieetios is fors Imolai bees made ender lb* NU
ewe. That eneetag bail bees seweesedby advertiseessib the
London anzetr. aml we sew belL He apposed ter she-
tees creditors, whose debts ainwanted se 7071.. by letters el
atkmv•V *weed =Miff lb. Matsu ; sad. wader his aeries.
they had decoded, advisedly mid seeeidemetrly, on biking
An (mune. The working of any arrangement sailer
the 11uth sd sulseseest sentient; would, sailer