The Express.
London, England, 1865-05-31 00:00:00

Ma OBITS* „Are LOAN COMPANY OP UPPER
aszAD4.—(7lll3 DAY.)

This after6ooa the annual general Meeting 01
easetaboidere woe held at the offices is llourpteetrest ; the
RightßOnviant. is the chai r.
The Q, towing is tire report of the directors :-" The
report and slateniaat of simounta for the ix months ersiteg
the 31st March of the mum» pear is submitted to Its
The net net profits derive this period amount to
r46,trOrt. which. added to the sant brought forward from
September, gives • halm,* at credit of revues of
14,3001. 11e. fid. The director. reouturneed that eat
of this balsam a dividend at Abe lute of 8
per met per eanam, lees inurnetax. be declared oa the
paid.np capital stock of the company ; that osahalf of the ;
surplus psalm ever 6 per out. per ansum. and the anal'
charge for »Wrest, arneenting together to 3,8611. 10e. 9d.
be
.terrled to the reserve feed, io accordasee with the pro-
emus of the Royal Charter of Iscorporatioa ; and that
2501. be applied to the redemption of preliminary expeeses.
There will Olen remain the sum of 1891. Oa. 11d. to the
credit of the next holf.year's accounts. Curios the period
embraced by them accounts the reserve teed has Ines
charged with the seta of 9111. 17s. Id. for losses on re-
alisations of securities in default. The amount studies
to the credit of this fund, atter adding the 3,8611.
We. 91 above referred to, will be 61,022 i. 13e. 10d.
The directors regret that the unfavourable @immaturee
of the last six months have Mewed the operatiosis of
the company defies that period, and have meossearile
sassed • farther relnotios in the amount of iovestateatit
in Canada. The directors need not mauve their shame ,
holders that they will neglect no opportunity that may
present itself for restoring to the business of the WWI
pang its former activity. Mr. Charles Morriss. I
and Mr. William Gordon Thomson retire from the
board. in accordance with the 12th clause of the royal
charter of iseorpontios, and offer themselves for se-
election. The auditors of the company for the past year.l
Mr. M. Seward and Mr. J. Audemoo, also retire, and offer
themselves for reels:Won.
" Statement of the amounts for the half-year oodles 3111,
Mush, 1866.-Revenue account :-To espouse is Lesion ;
and Crest», as per abstract, 3,4671. 16e. 6d.: interest paid
to boadholden, 15.8971. 17s. 2d. ; hood stamps and expesessl
of issue, 431. Os. 7d. ; income-tax exeunt, 581. 10s. ; total
disbursementsfor lialf-year, 19,4671. te. 3d. ; it
terest due in Canada account, 1,2141. 9s. Ild.
balance carried down, bang the net profits for
the half-year, 14,1231. 7s. ; total, 34,3321. Is. 2d.
By interest received is London, 2201. 4s. 3d. ; by register
tins fees, 81. ; by interest received in Canada. 34,6031.
16s. Ild. -348321. le. 2d. By balance brought dew.,
14.1201.75. • by ditto et credit, Sept. 30, 1864, 14,7061.
16s. Bd. Len dividend sail income tax, paid is December.
10,3121. 10s. ; less amount carried to TWITS fend, 3,9641.
2s. ; lees ditto ditto prelimiaary expellees account, 2501.-
14,5261. 12a.-1601. 4.. Bd. Blume 31st March, 14,3001.1
11e. Bd.
liatenoresbeet.-Dr. : To paid-up capital. 250,0001. ;
to loam on debentures, 616,8004 6e. 10d. ; to loss aceoust,
3,0001. ; to become tax account, 1,3584 19s. 7d. ; to reserve
fond account, 57,1611. 3.. ld. ; to exchange account,
6211. 12s. • to revenue account, 14.3001. 11.. Bd. ;
to mulch; creditors in Canada, 16,419 deli. 41..
(3,3731. 17. 3d.1; to suspense actoonst in Canada.
600 dole. (MIL se. 91.): total, 946,742/. 15e. 2d.
Cr.-By cash at bankers' in London, 1.3961. Os. Bd., ; jay
petty cash, 11/. Be. fid. ; at bankers' in Canada, 8,12%
14.. 7d. ; by bills reeeivble account. 10,0001.-19,5221.
la ltd. Investrneate in Loadon-10,0001. Greed Trunk
4th Preference Stook 1,95% ditto deferred (present value
2,8481. 10s.), at cost, 10,4751. ; 6.00% Canada 5 per Cent
nobelium. (present value 4,96514, at east 5,7071. 10s.
Investments in Casada-Moetgaget 4,068,726 dole. 654. ;
Montreal Are loan, 186,187 dada. 830. ; muoielpal
debenture, 43,003 :lola ; total 4,297,914 dole, 486.-
083,1331. 2.. al-619,3154 12s. 4d. By sea-
dry debtors -In Linde', 1871. 10a ;in la Canada.
102,298 dols. 14e., or 21,0201. Is. 13e. lid.; by
auspease aeonunt, 3001. ; by preliativery expanse scout»,
2,161 t/. 18s. 9d. • by Kiegetee aloe premises. 1.0271.
7s. 11d. ; Montreal ditto, 3,2101. Os. 10d.; total, 946,7421.
15e. 2d."
The CHAIRMAN in movie' it. adopt»n recapitulated the
chief piste in the report, the dividend proposed, via, 8 per
out., was a diminution of per cent,, as compared with
the previous dividend-the routes being that they had
put aside a large amount to the reserve, and their invest-
ment. in Canada had diminished of late years to the
amount of 45,0001. Cirenmstenose, political and
monetary, had considerably affected the company daring
the past year. The war in the United Suites had diminished
Americas setimitiee considerably, sad the high rate of iota-
rest in this country had further iadnoed the withdrawal of
money from the debentures of the company, and so
diminished reserve. Perhaps the remedy for this
would be to oiler a larger tete of interest to
those who lent their money and to charge
a higher rota in proportion to thole to whom they advanced
mousy in Canada ; but the nroviocial law in that coustry
restricted them to charging eight per cent. In this oountry,
by means of discussion, we had got rid of the usury laws,
and the effect had been to increase convenience without-
., was anticipated by some-iejering the landed intend;
sod it was to be hoped that further discussion would convince
people in Canada that restrictions in dealing with money
were injurious to the interests of the colony. U the fede-
ration of the North American provinces should be carried
out, it was believed that there would be little or no
u diffi-
clty in obtaining he removal of he restricion on the
aceount of interestt for motley lent upon thet security of

Mr. W. CHAPMAN, deputy-chairman, seconded the motion,
which was carried.
The di,idecd, at the rate of 8 per cent. per annum, less
then declared. The directors sad auditors retiring by rota-
tion were re-elected, and the proceedings concluded with
the accustomed compliment to the chairman and directors.

The Liberal committee appointed to select a
represeotative for the oar of Meoeheiter to succeed Mr.
J. A. Turner. have chomp Mr. George Wilson ea their

Siodidat*.
THE RECORDERSHIP OF EOLFON.—Mr. J. A.
Russell, berrister.ablaw, of dm North= Circuit, has ben
appointed to summed Kr. Amazon, Q.
as recorder of
Sotto*, ia Lancashire.
SHOCKLNO COLLIERY EXPLOSION AT LOWER
Gonna.—Own Blum) AID Smut. InJumn.—Yester-
day as explosioa took pleas at Lower Gomel, at one of the
pits of Earl Dudley. It occurred about 6co clock, from an
unknown cause. Joseph Marsh, a boy, was killed, sod
Francis Evans and Enoch flodgette frightfully Wand, and
it is feared that they will not recover. Several other of the
workmsa were injured. Au inquiry will be held on Talus.

day.
Tab DLITT ON flag INsuaLlson—The reduced
duty of le. Bd. pee 1001. on fire umaranees will take effect
on and after the 25th proximo.
TEA DITTY.—Yesterday the act was printed
which reduces the tea duty, os and after to-morrow, to Bd.
in the pound.
The Salisbury Journal states that a trout,
weighing nearly gibs., and measuring 2 feet in length and 1
foot in girth, was caught lett week near Salisbury. The
trout was in fine condition, and is the largest that has bees
caught then for some years past.
IMPORTANT ANTIQUIMES.—The Havre journals
announce the arrival at that port of the government trans-
port Traits, which was last year placed at the disposal of
M. Miller, of the Institute, when charged with archeological
explorations in Asia Minor. The Trait' brings to Frans
numerous antiquities discovered by that gentleman at
Thence, a small desert island about ten mike from
Mount Athos, and others from f3alonies, which
were some time since prevented to the Emperor by
the Sultan. The objects brought from Thane COD -
aid of sarcophagi, capitals and abaft! of columns, and frag-
ments of statues, all of fine white marble and well exe-
cuted. Also a marble has-relief, 18 feet long, apparently
representing a nuptial ceremony. The figures are about
three feet high, and round the heads of several is a fillet
of shining metal, opposed to be the remains of a crown
of tolisge of the tame metal. The marbles from
&locks `caned part of • portico of majestic I
height, nsi of capitals of the largest
fragmentsclay of the entablature, friezes, and columns, '
and also four double monolith-caryatidee, eight feet high.
The whole are of white marble, and belong to the best pe-
rind of Greek art. N. Miller passed four the
b his
explorations, and the results obtained are valuable both in
an archeological and artistic point of view. These remains
of antiquity do cot weigh lees than 800 tons, and are now
being discharged into barges which will convey them to
Paris.
NORTH STAFFORDSHIRE RAILWAY.—An extraor-
dinary general meeting of this company took place Teeter-
day, at the London Tavern, Bishoosgeteetrest, for the our-
pose of considering " A bill to authorise the North Stafford- !
shire Railway Compail to contract certain railways form-
tog a loop-line railway in the Staffordshire Potteries, and
to repeal certain of the provisions of their acts with mere
to minas's, and to enact others in lien thereof," and A
bill for making a railway between Burtonopou-Treat and!
Nottingham, with branches." Colonel Pearson occupied
the chair, and explained that the object of the first men-
tionedbill was to accommodate an enormous mineral dis-
trict. The proprietors would readily understand what the
value of the line was likely to be when he told them that
there were no fewer than 25 seams of opal and iron inde-
pendently of the Potteries themselves. The engineer
stated that the length of the line was six miles 1 furlong,
and the estimated outlay upon it was 150,0001.,
v.
25,000/. a mile. The line was a double on, and
there would be spacious stations at the different towns
comprised in it. The population to be served by this in-
creased acoommodation numbered 100,000, and they might
fairly be called a travelling people. The present company
took powers under the bill to raise 300.0001., their mama
for doing so being that claims were continually made upon
them for mineral products under the railway and canal',
and moreover that it would be uneseary for them to in-
crease their rolling stock. Proprietors might be enured,
however, that none of the capital would be raised without
the directors calling them together for the purpose of I
taking • special vote upon the subject. A resolution
setting forth the objects of the bill was agreed to, and •
motion was also posed recording the high estimate enter-
tained of the late chairman, Yr. Broderick. by the genial
body of the shareholders The mend bill mentioned win
throught forward. The m
:;thankirto the chairman. meeting
°Pirated With
l"th.