The Express.
London, England, 1864-08-12 00:00:00

ALLIANCE BANI.-(TNIS DAY.)

An extraordinary meeting of the shareholders
was held this morning at the London Tavern (Ifr. J. N.
iktbnu. in the chair) ; for the purpose of eoefirming the
following resulutioa of the directors :—" That the existing
capital of the company be increased from 3,000,0001.
sterling to 4,000,000/. sterling, by the creation of 10,000
new shares of 1001. each, upon the following terms ;-
1. They shall be issued at a premium of 201.
per share, to be placed to the credit of the re-
serve fund, and shall be first offered in the proportion
of one new share for every three present shares, to the
shareholders appearing on the register on the 12th day of
August next. 2. Such premium of 20/. per share shall be
paid, together with 10/. per share deposit, ea follows-101.
per ahem, Ming 51. on account of premium sod 5/. oo ac-
count of deposit, shall be paid on application ; 101. par
share, being V. on account of premium and Si. the balance
cf deposit, shall be paid on the let day of October next ;
and 10/. per share, the remainder of the premium, shall be
raid no the Ist day of November next. 3. No application I
.hall be received subsequently to the Ist day of September
next, after which data the shareholders not applying shall
be considered to have renounced their right to an allot-
ment. 4. Aoy shares not soapplied for shall be dealt with
in the discretion of the directors, and the director shall be
at liberty to issue to shareholders holding a number of
shares, not a mol•iple of three, a certificate in respect of
each share in Cuomo( or below such multiple, and to allot
to every person producing three of such certificates on oe
before the led day of October next, and complying with the
above conditions, and also agreeing to become a member of
the company in respect thereof, one new share. 5. Interest
at the rate of live per cent. per annum shall be allowed if
the instalments doe on amount of capital and premium be
paid in anticipation. 6. In the event of any of the instal.
meets not being paid upon the days mentioned, interest
at the rate of 10 per cent. per annum shall merge until
tayment. 7. No preference or priority as regards divi-
dends. or otherwise, over the shares in the now existing
capital shall exist io favour of the new shares; and intim
declaration of dividends the same shall be computed and
paid rateably upon the capital from time to time paid up."
The CHAIRMAN said the resolution of the directors was
so fall and explanatory that it was cot necessary to say
anything more oo the subject of the terms out which it was
proposed to carry out the scheme. It Wita the wish of the
board to keep the capital at the lowest possible
amount; but the exigencies of three banks, and
of their rapidly incressiog busiest's, left them so
alternative but to ask the shareholders to confirm
this resolution. The necessity of giving con6desos to the
public by establishing a sufficient reserve, also called upon
than to adopt this step ; and the terms which were proposed
would give the shareholders a handsome premium over the
nine of the existing shares. He would take this oppor-
ti.naity of denying certain rumours that were rife, to the
efri-ct that recent failures in the City had injuriously
ifected the bank. He Ina happy to say that in one cam
•bere the bank was stated to have lost 400,000/. it had not
lost a shilling ; and io another, the bills were well
backed. Although he could not tell exactly bow matters
eventually stand, he was enabled to assure the meet-
ir; that the lees, if any, would be of a ludic/wady small
..'fount compared with the moms which had been men-
tioned. i Load cheers.) Mr. Daniell concluded by making
a formal motion confirmatory of the resolutions of the
board.

A SHARPHOLDIIR said he bad no objection to the pry-
er-Im, but thought the money might bays been called sip
tiereralv, viz., that the premium should be celled up in
elml proportions with the capital, that was, if. premium
with reoh st. of capital.
The CHAIRMAN explained that it was neeemary to call up
the IR,, premium as proposed, io order to place the shares in
the Stork Exchange. It wee intended to cal up the en-
; q.,1 of 2;/. a share quarterly.
A inFtecroß urged that it was Demme, to Ball up the
Premiums in order to make up the reserve fund, and he
etplsined that virtually under the proposed arrangement
the shareholders would receive more upon the new than
%;tco the old shares. The premium was certainly a l►rge
me: but the shareholders would receive S per cent. upon
it shell would not be slad investment. (Beer. bear.)
After some discussion, in which the terms proposed by
the directors appeared to be received with general approval,
The motiost was unanimously adopted.
A vote of thanks to the chairman end his colleagues tet-
e ined the proceeding,,

SAIWLYJAN COMPANY (LIMITED).
(THIS DAY.)

An extrannlinary general meeting of the sheze-
EGI.I.r• was bald to-day at the offi.e of the eeeenany, 35.
!tread-street. under the presidymey of Mr. J. litostut.t.
!•-!7.., for the purpose of oonsidering an airreetneot foe the
V.:,,lume of • certain property is the Island of Sardinia.
SuLICITOII read the agreement. by which it waa pm-
; oe.: to !umbers for the sum of 40,0001. a property cover.
.t: a' olt 1.1) miles square.
r'.e CHAIRMAN explained that the land was well wooded,
1"'•o: upon it a lane quantity of Bee oak timber, and
t-e it Abounded is minerals, chiefly lead. There could be
'l"o.t (be said) that when the Royal Sardinian Railway
completed, giving them ODMMUIIiCatiOD with Casliart,
perty would be most 'skiable.
A 1-,.l.itioe sutborasiog the purchase was passed, and
t,t Proceedinp tenuisehad is the usual manner.

T, -E FIRE ON Hain CointoN.—On Wednesday,
Petty session. at Bromley, Kent, before Mr. Coles
three grows up lads. named George Hall, James Hall,
kLI •;.be Jeffreys, residing at Beckenham, were charged
7:th 'Larne; set fin to the funs as Hayea-common on Sun-
' 41a...hereby the growth of Dearly four sores was
' ' ',Or consumed, Evidence was rivets showing that the
of the prisoners were seen at the Common on the
t.,.t m .pleetion, and Mr. Fry. • readout is the neighbour-
' is '1v0...A to seeing the crimes/ George Hall fanning
before the fire spread. He was eommitted far
IL. it the next Kent maims. The evidence egaineit the
nnsooers wee not saffidently reaclusirs and they
*ere decharged.
V. NA ILi NG EXTRAORDINARY.-A abort time
(L4,/,,sot Courser) noticed in our columns the sail-
ud fr,:n New iork for London of a boat of about 11 sea
:;.
; as liter. having a crew Captain Doooven, one man, sod •
vith miry prospect of a eats and speedy pomp. Or
stonier we received information that theoormset, from
"04,-, to Loudon, spoke bar u NW. abs beiNg thla out 24
'1,7.. awl having reached let. 45.10 N. and lee. 53 W., or
the Vicinity of Cape Rae.. " hands" were well, but
it,..rt of provisions and water, which the Omeest supplied.