The Express.
London, England, 1855-03-03 00:00:00

FRUIT.

ago) was is 4ed to-day. Alderman Sir R. W. Car-
den is chairman. The capital is to be 300,0001.
(with power of increase). in 3,000 shares of 1001.
each, on which the deposit is to be 101. per share.
The promoters call attention to the great success
which has attended the existing London joint-stock
banks as justifying the formation of this undertoking.
The amount of capital intended to be called up, in
accordance with the requirements of Sir Robert Peel's
Act, is 150,00/., or 501. per share, and it is mentioned
that priority of consideration will be given to appli-
cations for small allotments, with a view to obtain a
large immediate body of customers end en extended
proprietary. The principles upon which the business
of the new institution is to he conducted are described
as those of one of the most successful of the existing
banks, and include the allowance of interest on the
minimum monthly balances of current accounts, as
also on deposit accounts.
At the meeting of the British Telegraph Company
to-day. the balance of the revenue account for the
half-year was stated at 3,1421. ; out of which was
declared a dividend at the rate of 3 per cent. per
annum on the capital entitled to it. A large portion
of the capital, it may be explained, being invested in
works which are as yet incomplete, has not hitherto
been productive. On the completion of the works, a
large incense in the revenue is expected. It was
mentioned that the wires between the coast and Glas-
gow, connecting the latter town with Belfast, are
working satisfactorily, and that the laying down of
the wires between Belfast and Dublin will be com-
pleted within the time specified in the charter.
At a special meeting of the Peninsular and Oriental
Steam Navigation Company to-day it was resolved
that a sum of 1,5001. each be presented to Messrs.
Anderson and Wilcox, in consideration of the recent
resignation by those gentlemen of the emoluments
derived by them from the company.
From a list drawn up by Mr. Miller, of the Jeru-
salem Coffee-house, containing particulars of the
vessels which are preparing to enter outwards from
Gravesend for Australia during the month of March,
we compile the annexed particulars :
No. of Vessels. Toansge.
For Victoria
„ New Scuth Wales lO 6,835
„ Hobart Town 4 1,943
Issencertin
~ Adelaide
„ Nsw Zealand
~ Western Australia

Total vessels
A steady falling off continues to be shown in these
shipping figures. The corresponding statement for
the previous month (February) gave a total of 49
vessels, representing 30,143 tone; for January, 56
vessels, or 33,708 tons; for December (1854), 67 yes-
lapis, or 46,404 tons; for November, 81 vessels, or
150,179 tone; for October, 97 vessels, or 63.800 tons; for
September, 83 vessels, or 55,773 tons; for August, 80
vessels, or 50,974 tons ; for July, 91 vessels, or 52,731
tons; for June, 99 vessels, or 33,678 tons; for May,
88 vessels, or 46,407 tons ; and for April, 76 vessels, or
38,625 tons.
In Land shares to-day the only feature was a de-
cline in Van Diemen's Land. The stock of the Bank
of New South \Vales el% sed 11. higher than Jester-
day, other bank shares remaining steady. Crystal
Palace preference shares closed at 1-16 to 3-16 prem.;
London Dock stock has been dealt in at 100; St.
Katharine Dock, at 84; and Peninsular end Oriental
Steam, at 55 to 561.

The return of the Bank of England for the week
ending Saturday, Feb 24, when compared with the
previous return, shows the following results :
Circulation issue
Circulation active 19.081.870 Decrease 184 288
Public deposits
Other deposits
Oevernment securities in
banking department 11,539,640 Increase
Other aecurities in banking
department
Coin and bullion in both
departments
Raven day and ether bills 8153,850 Decrease
The Rat
The Deserve (via., notes
and min in banking
dileadallest) ....

7,982,766 Lanus 268,126