The Express.
London, England, 1864-09-23 00:00:00

ENGLISH AND IRISH BANK.-(TRIS DAY.)

This morning an extraordinary general meeting
of sharebolisrs was held at the London Tavern, for the
purpose of considering a proposition for the voluntary wind-
ing up of the company, and appointing liquidators ; Alder-
man Sir R. W. CAMDEN in the chair.
_ .

The SECRETARY having read the advertisement convening
the meeting, . . . .

—The illrianinaN briefly explained the purpose for which
the proprietors had been called together. The reseal they
had not taken this step at an earlier period was that they
were anxious to avoid the expertise which might have been
incurred in getting in the wets. They were all aware that
their affairs were to-day in a very different position from
that which he had explained at the last meeting. Although
the accounts then submitted were both honest and
faithful he was sorry to say that the results
Ind, however, been touch more disastrous than
they had been led to expect. At their last half-yearly meet-
ing they showed • profit for the whole year to the orient of
4,000/., and since that time the board bail succeeded
in obtaining • premium of 2,4004 for their pre-
mises in the Poultry. The directors consequently
had been led to believe that they had a clear
profit of 6,40111. available for division amongst the pro-
prietors. He was sorry to say, however, that in getting in
the bills they bad sustained heavy losses, amounting
to somewhere about B,ouol. For this Ices the directors
were not to be blamed, inasmuch as it had antic chiefly
from what be could not help regarding as indiscreet mom-
meodations on the part of the manager. They knew sow
exactly what their liabdities and assets were. (The chair-
man did not, however, state them.) Although the directors
could not charge themselves with blame, they felt as a board
that it would be great hardship upon the shareholders if
they were called upon to make up the deficiency, and they
(the directors) proposed to meet that deficiency themselves.
(Hear, beer.) Therefore, although there would be no
dividend there would be no further liability on the shares.
(Cheers.) He knew that many of the proprietors had
taken up shares because of the confidence Choy felt in bins
and some other members of the board. Consequently he felt
that to a certain extett he was responsible, and it bad been
resolved by the four directors present that the difference
between the liabilities and the assets ought to be borne by
them. He hoped that the other directors who were not
present would see the justice of this, and bear their
share of the loss ; but at all events it would
not be thrown upon the shareholders generally.
As there bad been so much miausderstandieg
refereuce to the two descriptions of shares he wished to
explain that on and after that day, upon the payment of the
10s. call upon the new European shares nal mg them equi.
valent to the European ten guineas paid up, there would be
only one descriptios of shares. He concluded by moving a
formal resolution to the effect that the company be forthwith
voluntarily wound up.
Mr. HODGES was gratified to find that so much had been
made of so bad a case, and hoped that his brother share-
holders were equally satisfied.
The resolution was carried unanimously.
The CHAIRIIAIT then moved that Mr. Edward Richard
Allen be appointed liquidator.
This was seconded by Mr. }lmmo, and carried unani-
mously.
A SHAREHOLDER then movede very cordial vote of thanks
to the directors present for their very honourable conduct,
and for the efforts they bad made to rescue the sicking
ship. This was carried by acclamation, and the proceedings
terminated.

THZ DrKE OF NEWcASTLF..—We are sorry we
cannot report very fiatteriarly of any decided improvement
in the health of his Grace the Duke of Newcastle at Clam-
ber. The noble duke remains much in the same languid
state as when he first came down in the county, his 'fillip
are less frequent, and the greatest anxiety is manifested in
Worksop and the neighbourhood where his grace's private
worth is best known and most appreciated.—Nottingham
Journal.

PROPOSED TEsIIMONIAL TO DEAN ALFORD. —A
number of the ladies of Canterbury recently got up •
' subscription to defray the cut of placing • figure of the
Dean of Canterbury in one of the new niches of the
cathedral, u a tribute of the esteem entertained for the
dean. So soon, however, as intimation of this iotenCon
was given to Dean Alford, he declined the proffered com-
pliment and suggested that the figure of Edward the Black
Primo should be substituted. We understand that the
dean's suggestion will be carried outs.—Kent Herald.
INAUIiCRATION OF THE NEW SHERI/FA—Alder-
man Delon and Alderman Begley, the sheriffs elect of
London and Middlesex, will attend at Guildhall, and will
be formally sworn in to their new offices on Wednesday
prat, the 2dth inst. Their first official act will be to pre.
side at the election of • Lord Mayor for the year 1864-5,
which will take place at the Guildhall on the following day.
CRYSTAL PALACE.—To-morrow will be a shilling
day devoted to the very interesting annual concert of the
metropolitan schools. The skill and efficiency of thus juve-
nile singers, which ia mainly due to the system employed by
Mr. G. W. Martin in imparting musical knowledge, invariably
claim • large share of public patronage. On this occasion
the four thousand thildien's voices will he sedated by one
thousand tenon and bum, and, by pennisaioo of her
gracious Majesty, will sing a Chorale composed by his late
Roil! Highness Prince Albert.
THE SATURDAY HALE-HOLIDAY MOVEMENT AND
THE COIN TRADE—At a meeting of clerks, salesmen, and
other employee in this trade, held last night in Mark-lane,
• resolution was some to in favour of closing at two o'clock
on Saturday afternoon.