The Express.
London, England, 1863-05-18 00:00:00

! Another new hotel company has been formed,
tinder the title of the Alexandra Hotel Company
(Limited). The names attached to it are highly
respectable. The obi:it-kis to convert into one
hotel mansions, including
Valldaoe's Hotel, at . Oeorge's-plaoe, Hyde-
park-corner. The site selected is regarded as in
every way unexceptionable, and the arrangements
are to be of a strictly first-class character. As the
company does not intend to build, business ma
be commenced within a much shorter period thee
would otherwise be the case. A manager of special
experience is to be engaged. The capital is fixed
at 120,0001. in 12,000 shares of 101. each.
The preliminary announcement has been made of
a new project, bearing the title of the Cape Race
Electric Telegraph and Lightship Company
(Limited). It is intended to construct, equip,
and station a steam light-ship off Cape
Newfoundland, iu the track of steam and sailing
ships bound to and from the North American colo-
nies and the Northern ports of the United States.
The light-ship will have telegraphic communication
with the shore by means of a submarine cable, one
end of which is to be worked on board the vessel.
It is urged that by these means there may be ob-
viated throughout one-half of every year an unne-
cessary delay of three days, which now occurs in
the receipt and exchange of news between Europe
and America. Various other useful services are
to be rendered, with the aid of a steam tender.
The capital proposed is 100,0001.
The Metropolitan and Provincial Bank have
given notice that a call of SL. per share on the first
issue of shares will become payable on the Bth
proximo. The reason for the mill is the increase in
the business and connexions of the bank. This
establishment is said to be making satisfactory pro-
gress, and the directors now therefore call upon the
shareholders to give them the means of responding
more fully to the requirements of the ample field
which is opening up before the bank.
The increase of their business rendering the em-
ployment of more capital advisable, the directors of
the Union Bank of England and France have
wise just made a call. The progress made by this
establishment both here and on the Continent is
said to be very favourable. The proprietary now
comprises about 300 persons, many of whom have
opened either drawing or deposit account& with the
bank. The business ought to be • profitable one,
considering the rapidity with which trade between
England and France is growing.
A special meeting of the Charing-mom Railway
Company is called for the 2nd of June, and of the
South Eastern Railway Company for the 3rd, to
approve bills now before parliament, one of which
authorises an amalgamation of these two com-

panics.
A general meeting of the Calcutta and South
Eastern Railway Company is called for the 26th
inst.
A general meeting of the Oriental Gas Company
will be held on the 25th inst.
The receipts of the Great Western Railway of
Canada for the week ending the lat instant were
11,1521. sterling, being 1,4491. more than in the
corresponding week of last year.

tisrvaruir Evxsurs.
Consols, which closed yesterday at 92 to ex
div. for the 9th of June, were first marked this
mo 921, and, after receding to 92, closed at
921-168 to . For money the last price was 935
to with iv. The official business report is as
follows ;--Three per Cent. Consols, for money,
935, 5, I, with div. ; ditto for aooount, 925, 92
ex div. ; Three par Cents. Reduced, 915 ; New
Three par Cents., 915, ; India Ave par Cent.
Stock, 110, 5, 95 ; India Foarr Cent. Debut..
tures, August, 1864 or 1866, 1001.
The India Five per Cent. Stock was steady
at 1095 to 1105. India Bonds were quoted 17s.
to 20s. prem. ; and Exchequer Bills 4s. dia. to par.
The foreign stook market was calmer than for
some time past.
In the market for bank shares there was an
improvement iu Chartered Bank of India, Australia
and China, Imperial English and Irish, and London
and South Afncan ; but a reduction in Anglo-
Portuguese. Miscellaneous shares were steady.
Ocean Marine shares closed to-day at 10
to 105 prem. ; Universal Marine, 15 to 05 dos. ;
Thames and Mersey, 25 to 35 prem. ; Commer-
cial Union, 5 to 15 prem. ; North British and
Mercantile, 175 to 18 ; London and Provincial
Marine, dis to par. ; and Oriental and General
Marine, 1 to 15 prem.
The closing quotations for shares in new under-
takings today were as follows :—British and
Foreign Marine, 5 to 5 prem.; London Bank
of Scotland, 1 to 15 prem. ; Sardinian Railway,
5 to 5 dia. ; Cannes Hotel, 45 to prem. ; Medi-
terranean Hotel, 15 to 15 prem. ; London Finan-
cial Association, to 5 prem.; Empire Marine, 5
to 5 prem. ; Dartford Creek Paper Mills, 5 to 1
Margate
; English and Scottish Marine, 5 to 1 prem. ;
Margate hotel, 1 to 15 prem. ; Clarence Hotel,
to 1 prem. ; and Union Marine, 15 to 15 prem.

LONDON AND B JUDI AN BANZ-( ram DAY.)

A general meeting of the shareholders was held
at ono o'clock, at the Leedom Tams, to cionsider and
deckle on the following proposition recommended by the
directors viz-:—" That the capital of the bank be leagued
from 1,000,0301. to not *weeding 1,500,0004 * the kale of not
exceeding 5,003 new shares of 100 e. esehoted that the directors
beat liberty to allot not exceeding 3,000 of such mew thane
to the directors of the Auglo-Portuguese Bank (limited) for
distribution among the shareholder of that company upon
the terms of certain ' Heeds of Arrangements,' dated 30th
April, 1883, which will at the said meeting be submitted to
the shareholders ; and to allot the remainder of the new
shares from time to time to such parsons sad OR such terms
as the directors may think SL"
The CHAIRMAN (Mr. J. W. Otter), commenced by advert-
ing to • note which the booed had received from ashansholder
to the effect that under the act • postal ineselag must be
held once every year, and observed that the clause relating
to the nutter first appointed for holding the first
ordinary meeting April, 1864. The board
.foresaw that •
considerable period most be occupied in establishing the bank
with its various branches, and hence they desired to fix •
distant day for the holding of the first ordinary meeting.
As, however, the act overruled their wish, that meeting was
the first ordinary one. They had little to say beyond the
fast that everything was proceeding satisfactorily. The
conduct of the manager at Rio had gives perfect satidaction
to the board. He placed himself at once in corn-
musk:sties with the Brazilian government, and was
well received. It was, however,intimated to him that it
we. a necessary preliminary to e commencement of ope-
ratioss that one-fourth of the capital should be paid op.
The was done ; a certificate to this effect was sent out, and
the bank commenced operations on the let of February.
Application was made to the Portuguese government
for authority to commence banking in their pro-
vince ; that application was acceded to, and there
was now a breech at Lisbon. No branch had yet been
established at Oporto for want of a suitable person to act
u manager • but et Pernambuco the board bad been more
succurfid, ;nd abuts& commenced. Other branches would
no doubt follow, but arrangements of that kind required
time, and hence it was that the April next year was
fixed for holding the first ordinary meeting. It was now
proposed to hold an ordinary meeting is heathy next, and
the board believed there would be a satisfactory dividend,
which would extend only up to the 31st of July. He coo-
eluded by moving that the ordinary general meeting should,
until otherwise appointed, be held in January.
The adoption of this motion having terminated the bud-
DNS of the ordinary meeting the meeting was made special.
The articles of arrangement for the treader of the busi-
ness of the Anglo-Portugoses Bank to the London and Bra-
zilian Bank, and the calling up of share capital by thelatter,
were then read from the chair.
The CHAIRMAN added that but for thesis articles of a-
nt the two banks would have occupied the same
irlaalms:hile the result of the arrangismeet entered into was
that the shareholders of the Angto-Portuguese Bank took
in exchange for their previous shares shares of the Loodoe
and Bta: Bank paying • premium of 51. 10.. on each
share, which west into the commie had lisving regard
to the possibility of a considarable antemioa of bosoms, the
board had anathema it desirable to obtain power, to issue
5,000 additional shares. There was at present no intention
of issuing thole *bares, but the shareholders might
rely upon it that if they were leaned it would be
for their benefit. The cal,
_cell at nieseat
contemplatedcon
' wee one of 54 per share, which would raise to
5f 3,CCO/.
A resolution in acoordanoe witb the notice convening
the meeting, given shove, was then the
to.
The CHAIRMAN stated that a meeting moat be convened
within thirty day* for the simple psi of confirming the
. resolutions which had just been
The proceedings terminated with the.oonal vote of thanks
to the chairman and his rolthegnes.

OVERCOATS TOR THE RACllll.—Faphionable Over-
coats of the new materials adapted for the reeve wed waft
mason an to be had at Heaellies ead Itoples a Tailors, Ilk
&reed, opposite Exeter HALL—lAdvertlemesiti . .