The Express.
London, England, 1847-11-03 00:00:00

pot dens in India
Surplus of eremitic% in the hoods of

7,003 0 0

certain creditors, s.iy 3,000 0 0
Remittances expectrd from Mau-
ritius in nest •4 months, say 5,000 0 0
Balance at b inkers', who arc cre-
ditors for an immured loan._
&mirky debtors 4,000 0 0

Total of debit of agents
Ditto, fundry p'antrri and other" 110,000 0 0
Cattof une half share in tiureettatet 08,000 0 0

£618,200 0 0
This item is now represented by the
follow ing properties :-
1. oeern estates]. the Wand which,
by agreement with the Mauritius
agents modem the let halm hut,
are now Btmelay. Brothers, and
(Vs. property, thew bum been
taken at the value of about 310,000 0 0
Estimated to realise at 30 per cent 170,000 0 0
2. aundey dais, gond, but not im-
mediately realisable, amounting
to about 30,000 0 0
Estimated value at c 0 per cent 46,000 0 0
A Claims still held in joint account
with agents standing at about

ill—Pro:l'oWe —balance to be as
counted for aocording to the
term of the agreement of the
Lt June

3,000 0 0
03,000 0 0

1398,491 7 4
It was explained to the meeting that, be the agreement between
the home in London and its agent, in the Meuritim, which woo made
on the Ist June last, a separation had taken place of the eatates and
account. in the island which had before been held equally by the
two firma, and the seven estates and the accounte mentioned in the
foregoing statement became the ode property of Barclay, Brothers
and Co., but they have WA yet been transferred agreeably to the law
of Mauritius. these estates are stated to be amongst the best In the
island. and to be in excellent order. There are creditors to
the amount of about 100,0001. who hold drafts of the Mau-
ritius agents upon Memos. Barel.y, Brother. and Co., but
the greater numter of there bills fall due at late periods.
It was stated that the Mauritian agents had very few engagements
in the Island, and no considerable additioaal ansoent of bills ap-
pears likely to be drawn from the Mauritius, and that if time were
afforded to the agents, and all parties abstained from taking any pro-
ceedings in the island, that the arrangement of the Ist of June, 1847,
might be carried out for the benefit of the creditirs. That such an
arrangement would nmeteartly involve a provision ari fan as could be
made for the Mauritius debts and drafts. That it was there-
ore suggested that all the estates and mortgage claims
which, prior to the agreement of the Ist June, 1847 be-
to the two firms, be conveyed totrustee• upon trot to
pay the Mauritius billholders and creditors, and .object thereto
to carry out the agreement of the let June, 1817, as farm pensible.
That as • consideration of the general creditors of Meows. Bartley,
Brothers, and Co., for abetainingi from any proceedings in the island,
it should be agreed that the Mauritius billholoers and creditors ehould
allow the sugars of the crop of the present year and all the other meets
of Barclay, Mothers, and Co., except the Matuitina weeny to be
divided amongst the general creditors, exclusieelv of the Mauritius
creditors and billholders. That time bad not been afforded sufficiently
to consider all the details of carrying out such arrangement, but that
it was of great importance to prevent unnecessary law proceelingt in
the island, which must be atteuded with undue eacriflee of property
and n and that it might probably he necessary to send out an
agent to Thst the partners were prepared to pay over
the wapiti., if any should remain, of their separate estates, after pay-
ment of beparate debts.
It woe then moved by James Blyth, Esq., and revolved That It is
expedient for the interests of the creditors that the of of the Is oure
should be liquidated under the direction
.of inapectors, and that an
inspectorship deed, with all proper provioons, be forthwith prep=
and when approved by the inspectors be submitted to the
creditors for execation. And that the following gentlemen be re-
quested to act as in.spectors:—John Gurney Hoare, haq., John Henry
Pelle, Esq., Kirkman Daniel Hodgson, F,eq.
It was moved by J. Gurney Hoare, EN., and seconded by General
M'lnnes, and resolved: That the partners be authorised, under the
sanction of the inspectors and proper legal ndel e, to make such an
arrangement m may be best with Mr. Edward Chapman, now in
England, and it necessary with the bilholders for vetting the eetetts
in truntees, for the purpoe of plodding for the Mauritius bills and
debta, and of carrying out the agreement of the let of June, 1817, and
that, if noseamary, a proper person be sent out to the Mauritius to
give proper effect to such arrangement, and a proper deed be pre-
pared and executed by the Mauritius crenitors and billholders for
giving up all claim on the sugars about to arrive, and on the general
assets of the firm..

ItvjasMOVerby Kirkman D. Ildgeon, Esq., and seconded by
nervy Tritton, F:eq., and re•olved That as soon us a proper arrange-
ment be made for providing exclusively out of the Miuritius property
for the Mauritius creditors and billholders, and sufficient funds Clll
be realised, a dividend of the available asa in England amongst the
general ay.:Lion of the dna he declared, and paid to such creditors on
Muir executing the deed.