The Express.
London, England, 1864-04-15 00:00:00

IN ILE TIE NOSE.ST•ORZZII COLL AND 00“ 'COMPANY

1.11111 TD). —• BVBBLZ SC Hill&
This was • eating for making • call on the ttofortubate
shareholders in this speculation. The case has been before
the court upwards of • twelvemonth, the eattlenisot
of the list of contributories bevies taken place
so long ago as the 73rd of February, Ict,.k
A report has once been compiled by Mr. Hutton, the
isonateat to the official liquidator, from which it appease
that the liabilities of the company are upwards of 14,011 N.
the shares are 5/. each, and a call of the full amount if
' fully paid up, is oaly calculated to yield 2,6001.
Mr. Roxburgh appeared for the official liquidator ; Mr.'
I Bagley sad Mr. batiste, for the creditors.
31r. Roxburgh mid that the facts connected with tne
company were of .a peculiar nature. Only 7C3 shares
been subscribed for ; the shares were of 5/. each ; and a
deposit of 11. per share bad been partially paid ; conse-
quently, there was 41. still due upon those shares.
The amount of debts proved wu 4,2751. ; the
amount claimed, but sat yet admitted, was 10.4-Ot.,
making • total of 14,7241. The entire an.outt
of capital paid up was only TOOL odd, and the eor,
piny had incurred liabnities of 14,1.1001. beyond 01.4
amount. The call of 54, if fully paid up, would col,
reams 2,650/. • so that in point of fact there would not be
10s. in the Pound on the debts, in addition to which
there were claims of 10,0001. But as the coo.i.acy
was • limited one, more could not be got. They
therefore, proposed to make • call of U., giving cretht to
those 000tributories who have paid the deposit of 1.. per
share.

The Commissioner (with surprise)—ls there no mode of
preventing such • gross stets of things as you have
described? A company with a capital of very limited
extent incurs debts of twenty times the amount.
Mr. Roxburgh—None, sir. The only requisites for forts.
rug • company now are—the memorandum of usocistios
1111111 be signed by persons—if they agree to take one elute
each it is sullies/at ; the registration costs about :,1.; and
as soon as the memorandum is signed by those persona, each
agreeing to take one share, they are as incorporated
company, they are competent to issue shares, to trade to
any amount, and to incur debts to an/ amonnt. We bad
a very similar owe before Mr. Commissioner Fane the other
day, where the memorandum was signed by persons for
400 shores each, but instead of taking the shares, thee
agreed to sell the company the lame of a mine, and to take
for it 400 paid•op shares.
The Commissioner—l am much obliged to the leaned
counsel for this instructive statement. I hope this state of
things will become known to the public, and perhaps it will
be the means of obtaining for them greater mmuity.
Mr. Bagley—They have the security which is afforded by
the registration of the company, the register being open to
anyone who chooses to go to Somerset House to look at it.
Mr. Linklater said he represented one of the largest con.
tributories, who disputed his liability to the call.
The Commissioner-0e what vowed ?
Mr. Linklater—ln the first place that he is not a share.
holder at all.
The

we hear that sow' We are tow

met for porpon of making a call. Is it open to os wuw
to disown wbetbsr •person is a shareholder or sot .!
Mr. Bozhurgk—Oh. no. The mune of noosed* is,
Pint to settle the list of contributories, the pawns who are
Hanle.

Unklater Bald that wax a completely esparto, pro.
essaliasr, and it yes not compulsory as any of the parties to
attend.

Hie Honour mid that se the contantoey had not ap-
peared on the settlement of the list, he had no locus stan&'
now.

—Mr. Roxburgh said that Mr. Barrett, the gentleman for
whom Mr. Linklater appeared, was represented ►t the settle
meet of the hit 14 months ago ; he was settled oe the hst,
and tau days time was given him to appeal, which he had
not done.
The

•Is not that a more sensible course

than allowing the cont.] ibutories to come here atd obiest to
the cell

Yr. Linklater said there wu no doubt that wes the
strict right of every contributory. He contended that he
was not bound by the settlement of the list, such • pro.
media( not being ssoctiooed by the act of parliament. He
now appeared to object to the mil, on the ground that he
was not a shareholder._ . _

The Commissioner—That is much therms thing. Besides,
if he is Dot a shareholder, how can be be heard to object!
It wee ultimately arr►nged that the call should be read.,
• memorandum being made of Mr. Linklater's objection
with ►eave for him to apply for a sitting to review the settle.
meat of the list. _ . .

Wl3•Oerler was made for the call to be payable in three
weeks.

-11-11;711akialer. py notice of appal

CENTRAL CRIMINAL COURT.
(THIS DAY.)

(Before the Recorder.)
Thomas .Il'Oarth:•, 48, agent, and Peter Teflon. nail.
maker, were arraigoed upon an indictment chores; them,
the former with feloniously breaking and entering the
warehouse of Richard Duke, and steeling 51 bolts amine,
value 1301., and the latter with feloniously receiving the
same knowing it to have been stolen.
Mr. Lewis prosecuted ; and Mr. It. N. Philips, Mr.
Frances, and Mr. M. Williams appeared for the prisoner
Tattoo. ll'eartby was oodefseded.
It appeared that the praeacutor carried on business as a
sail and tarpaulin maker, at 31, Lower East Smithfield,
and on the morning of 10th December it was discovered that
the shop had been broken epee and a quantity of curves
had been removed, which was safe io the warehouse on the
eight before. Information was 'wen to the police, sod a
reward was offered for the appnben 'on ofthe burglars. The
primmer Tattoo. it appeared, sold a quantity of =autos Mr.
Morrison, of Norton-folgate ; and one of Mr. Dake's men,
happening to go to Mr. Worrisome* warehouse, saw it there,
sod identified it as a portion of the property which was
dollen from his muter's warehouse, and frail information
be received he went to Tattoo's house I. Lemanatreet,
where he saw 21 bales of canvas which he also ideotined as
his master's property. Tattoo, on being informed that it
was stolen, said. as a man of honour he would give it up,
and on being told that there were still three bales
he said be would pay for them. It appeared that he put.
chased the canvas from the prisoner il'Oerthy, who sub.
sequeotly wrote a letter to the magisteate stating that he
had bought the muses knowing it was stolen, and if his
liberty amid be guaranteed he would give evidence against
the burglars. The prisoner Tattoo was originally admitted
as a wittier naiad M's.krthy. but from what transpired
during the euminatioos be was given into custody and
committed on the priosat charge.
[The trial was preceding when oar report left.]

THE POLICE COURTS.
(THIS DAY.)

now-srama.
CENTRAL GARIBALDI'S VISIT TO Till OPIRt.
Two 'barges of attempted nocket-piekieg M the crowd
asessibled last night to see General Garibaldi enter the
Italian Opera Hones were brought before Mr. Heavy this
ramming by Sergeants Shore and AckrilL In omb case
three prisoner, were placed at the bar, one hariog brie
ems to try the pocket' of ladies, and the other two to
dead by sod "cover" him operation.
In the first OM three youths, named Reed, Fern t, and
Downes, were charged with plying their vocation in Row-
street from the entrance to the Floral-hall to Rumen street.
Reed, who was the " worker," bad pockets with boles in the
liaise to per his hands through. He ingeniously acameted
for this by saying that be was • walking.stick mither, and
while he wu at wash at his trade his coat was apt to catch
is the beech screw, and so to get torn. French described
himself as • shoemaker. and DOWnell IS • potmao. They all
said they were out of work.
Reesasded.
Three others, named Jones (cabinet maker% HoYnft
(tailor), and Brown (pub maker), were charged under similar
circumstances, except that they had taken up their politica
at the Covent.garden estrum* to the Floratiall by which
Garibaldi entered. _

ils;TalsoWerere wand ed.
It seems that s large number of blows pickpockets were
assembled at both points. but owing to the vigilsoce of the
polio. no robberies (it is believed) were awned.

CLERK ENWEL L.

CIANDIALIWIS TTSIT-TO i11:1(78-C110R8---11.4.1LWAY RTATIOT.
Sarah Harris, aged 40, a prostitute, was charged with
ralgemale passengers outside the railway stenos at
roin thie moraisg.
In itaisnos the misuser said that she was very sorry, mad
hoped that she might be forgives, and die would not go near
the spot any more. Her only object in going there was to
•
ens ale gnat (ihribaldi.
Yr. Berker asked if the prison.: was known to the
pollee ea a disciederly character ?
The polies rsplid that they did sot knew her.
Kr. Barker IL-• rged the prisoner, with a maim