The Express.
London, England, 1864-05-19 00:00:00

IMPERIAL PINANCIALCOMPANX--(THIS DA

At a special meeting of shareholders in this
company, held tacky at the Louden Tavern, Mr. Join
CHAPLIN is the chair, a resolution was uneniMously passed,
aathcr au amakastation with the Memaatile Credit As.
seriatim TIN smalgareatiom u to date tram ths lat of June,
each company dividing its profits up to that date ; the
capital of the arealpenated company to mead of 100,000
shares of 50/. sash, 00,0008U:ea to be allotted to the share.
holden of the Imperial Financial Company at U.
premium in proportion to their holdiap (share
for share) in that company, and the remelting 50,000
to the shareholders of the Mercantile Credit Association,
at the IMMO premium in proportion to their holdings (fire
for every two shares) in that association. The capital of this
oompany would then stand at 100,000 shams of with
51. paid up, sod the 1/. premium would form a reser►e of
100,0001.

Some discussion took Awe with Newt to the premium,
several sharshoLlers speaking of it as, in fact, a call of 1/. per
than, and the chairman stated that the necessity for the
reserve wee still an open question, and the directors would
consult with the board of the lleroantile Credit Associatios
upon the subject.

MERCANTILE CREDIT ASSOCIATIoN.
(THIS DAY).

An extraordinary general meeting of the share.
holden was held an soon, at the Logsdon Tavern, Alderman
DMUS in the chair, to oossider a special resolution set out
in a circular sent to each member of the emaciation, the
object of that resolution being to into effect an amal.
isolation with thelmpirial Financial pan y.
The CIWILIIAN, in the adoption of the resolatioo,
observed that is • and financial matters periods of
prosperity ware succeeded by periods of calm, and the great
object of boards of director should he to look rather to
permanent than temponay prospeeity. (Hear, hear.) Hence
it was that the arnagematecmad bees proposed. Sup.
posies the resolution were carried, the satire receipts made
by the Mercantile Credit Association would be divided
among the sousting
_shareholders. The precise amount
of profit depended on calculations which could
sot be made at preent, but it would be very hand.
some and satisfactory. The new share capital of
the nailed company would be betted at owe
in 100,000 shared 501. each, maids/ a total capital of
5,000,0001. The amount which would he placed at the item&
dimmed of the directors was 500,0004, with a reserve
of 100,0001. Tim existing capital of the Mercantile Com.
piny would, under the err t proposed, be about
equal to that of the Imperial mousy, and he believed the
results would be satisfactory to both alums of shareholder+.
(Cheers.)

dors opposed the motion on the ground that the
advantages would be agilely on the side of the Imperial
Company, and moved the adfowainest of the meeting foe
six meek., in order, as he mid, that the &embolden might
learn in the interval at the half yearly meeting what via
the financial poetical of the company.
11r. Geo. CLAIR, is secoading the malice, observed that
the Imperial Ccsepsay had brought out only on. company,
and that was an exact copy of the Land Mortgage Bank of
India. He did not believe the Imperial Company ever ie.
tended to do business oa its own account.

After male discussion the ameadment was put and
jeettd by a majority of. 17 votes to 2 ; atter which Lb. ori-
ginal ;notion was aped, and the proosedisp terminated
tim usual manner.

GENERAL CREDIT AND FINANCE COMPANY.
(THIS DAY.)

A epectal general meeting of the shareholders
was held at 1 o'clock at the Leedos Tavern, Mr. S. LAING
is the chair, to madder the following resolutions :—"
That the capitol of the company be Mermaid to 5,000,0001.,
by the issue of 125,000 new shares of 201. each, with 44 paid,
to be o• precisely the semi footing in all respects as the old
shares, as to dividend, from Jan. 1, 1844, nod otherwise.
2. That such new shares be issued at 11. sa. per share pre.
mium, to include interest oo all payments subsequent to
the Ist of January, mad be offered in mooed/ace with the
articles of ase mastics, the directors being empowered to
dispose of any shares which may not be take° within fifteen
days at sot less thaw 14 ss. premium. 3. That the par
meet as such new share be doe as follows, vise. :
—24 ss. cis allotment, and 34 on the 30th of July.'
The CHALLIEJA in moving the adoption of these resole.
tier, mid the object of the first meeting was so satidae.
tory that it was onneeemary for him to my more than •
few words. The board had at last to congratulate the
shareholders oa the concession granting the alliance with the
French company. They had bees waiting for that commies
12 months, and its importance was proportiosase to the
difb-
culties experienced in obtaining it. In France • coo-
°Naos of this kind OPCSI granted became a monopoly ;
and the Societe General, and the Credit Mobilise
Company in Para were in much the same position
as d that company mid the International Company
bad exclusive possession of the land in England. The
French company was now constituted with a capital of little
less than 5,000,0001. sterling, ad the directors con-
sidered it essential that this company should
be placed oa the same footing, so that they might
stand on • par with regard to all financial
operations. The only question had been whether new
tal capi should be raised by calls on the existing shares
or by Mining new shares, and that question was
decided in favour of the latter worse as the best memo
of maressing the credit and resources of the company.
The aggregate premium of 156,0001. on new shares would
form an excellent reserve. Between the issue of the new
shares and the profit oo the shares of the French
Company, there would be a profit of 270,0001., indepen.
destly of any other profits in the worse of the year.
Than was every Teems to believe that the whole profit of
the year would be from 350,0001. to 400,0004 (Cll4ll.
He concluded with some explanations is detail with
to thorned, in which the new shares would be issued, sad
the money celled up.
After some dim-maim the resolutions were adopted unani.
measly.

PROVINCIAL BANS OP IRELAND.-(THIS D.AY.)

The thirty-ninth yearly general meeting was
held to-day at the oboes, 42, Old Broadepteset. Mr. Mower.
mai in the chair. The followiog is themport of the
director/:—" The directors have the pleasure of stellar for
the information of the proprietors that the result of the
bank's business for the past year has been satisfac-
tory. The summer of 1863 was favourable for
agriculture, sad the crop were generally more
productive and of better quality than they had been fee
four previous years. The late grain crops were no doubt
much jointed by min and exposure is the harvest
season, sad the price of ooru has been very low, bet,
on the other hand, the prices of cattle and sheep, sad
of wool and eat. have been high, and these, to
the large landholder especially, bays in some degree
compromted for the low price of grain. The condition of
the small farmer has not, however, improved, and the ordi-
nary retell trade of the country is still depressed.
The differeat branches of the linen trade have
been extremely active and prosperous and the
beneficial effects have been felt throughout the northern
counties of Ire/and, to which, as the proprietors ars
no doubt aware, the Keen manufacture end the cultivation
of flax one as yet almost entirely °Peeped. Considerable
fluctuations took place in the value of money, no
fewer than twelve changes having been made in
the minimum rate of the Bank of England
daring this bank's year of account, ending the
26th March last. The rate duriag that period raped
from 3 to 8 per cleat, the average for the whole year having
been • fraction over 5 per cent. This state of the
money market, and the peculiar circumstaaees of
the times, reedited it necessary for the directors
to exercise increased eircumspectiou and caution is
the management of the business, and in the employment
of the resources of the bank, but they have bath
careful to meet the usual sod reasonable requirements of
the bask', customers. Upon considering the whole circum-
stances of the past year the directors expect that the
proprietors will concur with them in viewing with
satralscties the statement of accounts, to which
the attention of the meeting is now requerted.
The account submit.ed to the yearly general meeting is
May, 1863, showed the sammet of rest or undivided profits'
at nth March.lB63, to be250,913/.95. 6d. Out of which there
has been paid to the proprietors the amount of two ordinary
sad extraordinary dividends, as follows:—At Midsummer,
1863: Ordinary dividend of 4 per nest, 21,600/. : extraor-
dinary dividend of 6 per cent., 32,400/.--54,000/. At
Christine', 1863: Ordinary dividend of 4 per cent., 21,6001.;
extraordinary dividend of 6 per cent, 32,4001.-54,0001. ;
together, 108,0001. ; leaving • balance of 142,913/. 9e. 6d.
To which there has mince berm added the amount of net
profits for the year ending on the 26th beteg the last Satur-
day of March 1864, alter deducting property tax,
and providing for all bad sad doubtful debts,
109,954/. 6e. ; reakiag the rest, or amount of un-
divided profile at 26th March, 1864, 252.9671. 13e. lid.
This siatemeet shows • small addition to the rest, and the
directors purpose eostinnieg the dividend at the seine rate
as for some years past. They have therefore now to intl•
mate to the proprietors their intenticie to pay, in July next,
an extraordinary divideed of 30s. on each 1001. share. and 121.
on each 10/. share of the capital stock of the beak,
in oddities to the ordinary dividend of 4 per cone ; making
the amount to be then paid, 2/. 10s. on each 1001. sham,
and 1/. on each 10/. share, foe the half-year ending Mid-
summer sett ; sod they will also, as heretofore, pay the
property tax for the prooristors."
On the motion of the COAIIIJIAN, this report was adopted.

A Hitoaru Hear.—A cane of death from broken
heart actually took place in this airy. A ma• :tamed Thomas
Mash••, • native at the county of Kilkseay, Ireland, re•
aiding in Lafayette-street, Sea Francisco, received • letter
from his native place informing him that his father's house
bad been destroyed by fire, sad that his father, mother, two
sisters, sad • brother had perished in t►e flames. He reed
the letter, turned pals. clutched ooevalsively at his breast.
and fell dead. The compeer was called sad ea &atom re'
reeled that death was caused by • rupture of the heed.
Cell/Orem paper.

)Ir. Knox said the writing on the cheque did not look
:ice that of a man who had bens drinkiog.
The prisoner, who had no questions to uk, was committed
tithe Central Criminal (loon for triaL

DARING ESCAPE PROM THE HOUSE OP

CORRECTION.-(THIS DAY.)

This morning, about s quarter put 7 o'clock, a
man was lOW by Mr. John Whiteman, newsagent, of
No. 2,i, Gaildford-plen (opposite the walls of the House
of Correction), with his head just above the walls. After the
lapse of a moment or so he saw the man get on the top of
the wall and then drop into the Farringdoe•road at the
comer of Calthorpe-street.
Tr, man no wooer recovered from the effects of the fall,
lie wails of the prison at this spot being of great height,
ti..n he at once made off, and for the purpose of tutor
detection he ran along the back of !fern. Cubitta'
ot.),:ishment. He wee 'permed by Mr. Whiteman, who
mrtook him in Ampton-place, Gray'sinn•road, and after a
6fs;crate struggle overpowered him and with unistance ore-
rest(' him to the Clerkenwell poliosetation. Here he was
1. lied of being a prisoner escaped from the Home of
I .rrection, en accusation which he did not deny, and if he
Li it would not have availed him much, u on him were
the prison clothes and his metal number.

Inspector Allen, of the G division, detained the prisoner
it I sent off for the authorities of the prison, who it would
appear tel not then missed the prisoner. It was they
sacertained that the prisoner is a most desperate thief. He
ass confined in the House of Correction under the name of
.AIL Day for two years with bard labour for breaking into
gentleman's house at Hammersmith, and steeling a
',nattily a silver plate.

The way in which the prisoner pined some to the top of
wall was u follows :—A new wing has been erected,
ad is not yet quite completed. Some of the materials are
pill lying about, and the prisoner, who bad not locg been
cat of bed, was in the yard for exercise, and then took the
foouraSle opportunity of climbing up, with the aid of the
tido in the boards, and thus making his escape.
fhe prisoner, for the present, is taken back to the House
e Correction, but whether he will be brought before •
magistrate for being at large before the expiration of hie
ItLtencs has not yet been determined.

THE FORTHCOMING TRINITY TERM.—Yesterday,
the opening of the common law offices after the recess.
to lists of the arrears of the three courts were exhibited
f r the emoting term, commencing on Monday next. As
rite term is the hut term before the long vacation. there
!..; Le so reception of the judge. by the Lord Chareellor.
la a long hat of arrears and coesiderable boners at
law. In the Queen's Bench the arrears anaber
consisting of 4 new trial rules for judgment and 29 for
s,r4:l.ent. lo the special paper there are 2 awe far
i•Apnent and 2$ for argument, whilst of enlarged rides
urn are 11. In the Common Pleas the number is 68.
Itere are 5 enlarged rules, 11 new trial rules, 19 cased in the
r'.
.net paper, I suspended rule, and postponed molars

.
',aw ar n e waiting for the decision of the court, and 27
6-neriers have been entered. In the Exchequer the turn-
-4' is 31, comprising 7 01701.1 and appeals. 14 new that
i,es. and 10 matters in the special paper, and other matte's.
:rinds of 100 persons have applied to be admitted attar.
The courts, in 000sequeoce of the Lord Chanoellor
'•t meting the Judges, will sit on Monday, at 10 &sloe*.
10.-ritri•rt%r, STORM IN YoRRSHIRE.—The higher
.it of the picturesque valley of the Swale was visited
• A thunderstorm of unparalleled fury on Mooday
.S.rcoon last, accompanied with rain. From the peat
:roe of water which poured down the river, it is
-.ltred a waterspout must have fallen. The locality
the storm is about fifteen or twenty miles above
; nom!, in the neighbourhood of Hunt, bordering oa
'.•..,..m0re1‘0d, where dense muses of dark clouds
~11.1 their contents into the valley of the Swale.
7...c14 wen so flooded in consequence as to rise in a
-,r minutes to the height of several feet. The Swale
•‘• he described as a mountain torrent, and, at so time
• gentle stream, in time of flood rushes with
re•• mpetuosity. The sudden accession of water mused
.mount of damage. Trees growing by the side of
• •:resci, were mulled away by the score. and sheep and
• chi.:ll were either in or ne.r the bed of the river, were
• be the tined, and borne for a distance of several
'• 'oast numbers of person, bail assembled at Rich-
-1 ,m 1 other places along the course of the river to no.
• tits unuival spectacle, and trees and animals were oh-
to tint past with great rapidity. Great quantities
7 'lb were Also carried down the stream. Part of the
T^.:l,,'weeo Barnard Castle and Arkendale was washed
'or and stone and wooden bridges in the same locality
''' • :.wne down by the tido. Fortunately no lose of life
though there were several narrow escapes.
Tun FI,K EXTON TRAGEDY.—Mrc. Parker, who
.I,ot by her sou, died on Monday night, at Fiakertoo,
, ene of the tragedy. having lingered in great suffering
! scaliness. The mealier now lies in the Nottingham
Gaol. awaiting his trial at the next amine.