The Express.
London, England, 1864-11-28 00:00:00

HUDSON'S BAY COMPANY.-(THIS DAY.)

A general court of the Governor and Company of
Adventurers el Blond trading into Hadam's Bay was held
at 1 o'clock at Hodeou'a Bay House, Fenchurchuireet, Sir
E. BALD in the chair, " for the purpose of electing a go.
wino,. deputy-governor, and committee for the year en-
ming."

Tire Cummax, after alluding to the report recently
Woad, said it might be desirable to give some additional
information. It moat be satisfactory to the proprietors to
know that the ter trade was not a decreasing but an in-
crewing one. In 1861, the value of the fats imported was
210,5091. 19s. 2d. ; in 1862, it was 216,7081. 9s. 9d. ; in 1863,
222,7294 14e. sd. ; and in 1864, 262,8094 4e. 4d. (Chem-)
Those were the actual proceeds of the sales. Of amine, the
board were not in a podtion to state what would be the ac-
tual proceeds of the present year, but they had no doubt that
the amount would excised that of last year by from 80,0001.
to 40,0001. Turning to the disputed territory, he
observed that it would be imprudent to say what
were the expectations of the board on the subject ; but step.
were being Wren to determine the value of the claims of the
company, CM King of Italy having been chosen to arbitrate
in the event of the Apiaries& and English oarnmie-
sioners not agreeing. The state of things at the
present moment in British North America, and
the prospect. of a closer union between the oilfield;
were very peculiar. The scheme of union cootempkated.,
ha believed, the including of the territory in the north west.
That was probably the cause of delay ou the part of the
iovernmest, but there was no raison to 'appose that the
interest. of the company were likely to be affected disad-
vantageously. Having sapid the proprietors to consent
to emaciate with the directors a gentleman of gra.t
colonial experience, Mr. Edward Hamilton, he ooncloded by
moving the adoption of the report.
In reply to a quatiou,
The CHAIULAI said the board had offered to the govern-
meat to make a telegraph from the Bed River to the RMfic,
but they had not offered to make a thousand miles of railway
for the benefit of Canada without being paid for it.
Telegraphic communication was at;prtsent almost all in the
th of the United States.

A Strannacturin who hied the question thought the
°bar. ted. was so imptltsat that expense ought Dot to be con-
(Cries of ' 014 oh.")
la reply to another question
The CHAIRMAN observed that there win disputes as to
territory between the board and the Moldier' government,
but he mold give no definite information on the subject.
A SHARZHOLDIIR wished for information with regard to
the alleged mineral discoveries in the company's territory.
The CHAIIMAN mid that gold had beset found east of the
Rocky Mountains, both within and outside of the company's
territory, there could be no doubt some that had been found
had been sold at 70s. an ounce ; but whether the gold lintel
abundant enough to pay for working he could Dot say. With '
regard to the lead discovered the information was more defi-
nite. Four or five years ago Dimples of led were
sent home from East Maine, and it was
sold at from 121. to 131. a ton. Last spring
• practical miner was sent out to report on the subject.
His report was not expected to be received till next spring ;
but one of the company's officers, who had visited the spot,
had given • favourable account. The deposits were, he
said, numerous an sufficiently near the cow to be shipped
for England. l'lumbego had also been found, but not of •
quality which would repay importation.
In reply to additional questions,
The Ciunix.":4 said the value of the premises in which
they were assembled was entered in the book, at 18,000.'.,
that being the amount which they cast; but probably that
sum did not represent one-third of its value. The com-
mittee had had under their consideration the propriety of
disposing of that property, but they had not been
able to arrive at any conclusion. He believed that
no one could at present estimate the value of the company's
property gsnsrally.
A SHARLHOLDZit wished to know when the valuation'
of • million end upwards which appeared in the accounts
was made, and whether the international Financial
Society had been disposing of any of their shares.
(Laughter.)

Tlie 111 maid the animate was of the date of the
accounts. He declined to state whether or not the Inter-
national Financial Society had disposed of shares.
Mr. HEATH{, chairman of the society referred to, said be
denied the right of the chairman to make any statement of
that kind, adding that if he wished to do so be could not
answer the question, as the shares referred to were not held
in the names of the directon.

A Sutstuotncs considered that the company had a
right to information on the subject. Meat, hear.)
In reply to a question,
The CELLI/11LN said the board were willing to do all
they could to open up roads to British Columbia ; but at
the same time they thought great care should be taken not
to neglect the immediate interests of the proprietors in
connexion with the fur trade.

The Cuaraxai, stated, in—explanation, that be would
tmderteke that in future a meeting should be held in June.
After some further diaeusaion the report was adopted,
and the proomlinp terminated in the usual manner.