The Express.
London, England, 1864-04-29 00:00:00

METROPOLITAN AND PROVINCIAL BANK

(LIMITED).-(THIS DAY.)

An extraordinary general meeting of the share-
holders was held at noon, at the London Tavern, Mr. C.
Gall', 11. P., in the chair, for the purpose of inures/Ups the
existing capital to any amount not exceeding 4,000,0001., by
the creation of any number of new shares of 1004 each, not
exceeding 20,000 in the whole. upon such teens as the
ma2kerit=i:irectore might deem expedient.
• said that the burrs had progressed most
satisfactorily since the lest meeting. It did not follow that
the power Dow sought would be exercised. The recent his-
tory of banking showed thatcircumstanor might arise which
it would be eressary to take advantage of at otice ; bat he
wished it to be understood that there was at present no de-
finite proposal before the board for increasing either the
capital or the number of directors. All that was wanted
was power to do what might become desirable. Re con-
cluded by moving a reaolotioe for altering the articles of
association so as to admit of an increase of the capital to
4,000,0001.
In reply to a question,
The CHUKKAS said that the board undoubtedly had
rearms for making suck a proposal, but there was nothing
definite ; whenever there was anything definite the share-
holders would be informed of it.
After a short conversation the resolution was put and
carried unanimously.
The CHAIRMAN then proposed, and the meeting rewired
unanimously, that article 7 be altered so as to read as
follows :
The board may at any time, by a resolution passed by a
majority consistiog of 1104 lee than two-thirds of the whole
number of directors, increase the existing capital to any
amount not exceeding four million pounds, by the creation
dry number of new shares of 1001. each, not exceeding
20,0005 in the whole ; upon such terms as such majority of
the directors deem expedient."
The Carious then moved a resolution authorising the
increase of the maximum number of directors from 14 to
20, and in doing so he stated that proposals were before the
raid far taking in a large banking business. It might
be, be added, that these proposals would lead to no result ;
bat in the contrary event the arrangement would involve
en increase in the direction, and that was his reason for
proposing the alteration.
The resolution having been adopted unanimously, the
proceedinp terminated with the usual acknowledgment to
the chairman.

THE GREAT INDIAN AND PENINSULA RAIL.
WAY COMPANY.-THIS DAY.

At noon to-day the halt-yearly general meeting
was hold at the Loads° Tavern, Mr. W. J. Hamitiw is the

The report, an abstract of which has appeared in our
columns, was taken as read.
The Onoriates, in moving its adoption, gave a
favourable account of the progress of the line,
and stated that the governmeot inspector of Indian
railway amounts had expressed himself highly satisfied with
the manner in which the accounts of this company were
kept. He very much regretted that • considerable loss
bad been sustained by the firing of cotton after
it. delivery to the company, and steps had been takes to
check the practice of delivering loose cotton for minim's, by
imposing • heavy rate of traffic. Some of the fires bad
base traced to ioce•diaeism, and the matter was being in-
vestigated. The oast of the line, with increased :Wing
stook, would be about 12,5001. per mile.
Mr. ATZTON, who had jut returned from India, gave •
favourable account of the prosp t, of the company, and of
the advantages to be obtained from opening up • communi-
cation with Prince Holkar's territory, for which negotiation
were in program.
The report was unanimously adopted, and the retiring
directors and auditors re-elected, the proceedings termi-
nating with • oordi•l vote of thanks to the chairman sad
directors.