The Express.
London, England, 1849-04-12 00:00:00

Mr. JONES (a director) thought it could do no good, and
might do harm, to propose such a resolution, while proceed-
ings at law were pending. It looked like persecution.
Mr. HUTTON thought the shareholders were the parties
persecuted.
The conversation then dropped.
The CHAIRMAN proposed a resolution authorising the
directors to rah.. under the powers of the " Plymouth
Great Western Dock Amendment Aet, 11348," the sum of
UAW upon the security at the dives. held by the
South Devon Railway Company In the Dock Company,
in sack a manner and on such condition as the 0-
meta, shall think beet for the interest of the South Devon
Railway Company.
Some di•ansion took place on this proposition, in which
Mr T. Stevens expressed his regret that dimmers of under-
takings at the west end, es well as the east. of the town,
should have permitted themselves to be canted sway by
" the large eeyyes of engineers." If moderate commie bad
been followed, the trade of the town would have been
alkdently provided for in much is time, and at much lees
mat.
In answer to questions pat by several sharehelden, the
Chairman Mated that the works were being bookilde serried
out, and that the money was absolutely necessary to enable
the South Devon Company to meet its liabilities on shares
held in the Great Western Do* Company. The resolution
was ultimately tarried by a lens majority.
The meeting shortly enamel* adjourned.

11118CELLANE01:18 NEWS. &moue states that
during the put week Sir Robert Peel purebred Great
Western Rahway shares to the amount of 10,11001.—Live,
pool Cowier.

MONEY MARKET.

WIDIMSDAT BTINDIO.

This has been the settling day in the English
funds. Consols opened at 92 to 1 for the next
account; but as it was goon discovered that the
speculators for the rise had adjusted their accounts,
and large amounts of money being tendered for
employment at low rates of interest, prices rose to
921 to f.
The continuation at one time was as low ste 1-16th ;
indeed before the final adjustment of the account,
stock was so scarce that parties were desirous to
borrow" it for a few days.
Dater in the day priors declined, and the market
dosed at 924 to i for the account 10th May; the
price for money was 92 to 1.
in the other securities there is not much to notice.
The last quotation for Three per Cents. Reduced was
901, and the Three-and-a-Quarters 911. India Stook
was done to-day at 245. Bank Stock, at 1931. Ex-
chequer Bills at 465. and 495. prem.; and India
Bonds at 60s. and 61s. prem.
In the foreign securities the only feature to notice
was a rise in Spanish, consequent on the intelligence
referred to in our paper of this morning, of about
1 per cent. It being also understood that in cone-
queuee of a message from this government
dmathed on Saturday last a speedy set-
tlement of the Danish question might be an-
ticipated, the New Danish Scrip advanced about one
per oent. to-day. Mexican Bonds were also higher,
and were done at 301; they afterwards receded to
291, with the fall in Consols. Peruvian Bonds were
done at 87 ; Brazilian at 791; Buenos Ayres at 38
and 39; Spanish Fives at 171; the Threes at 31;
Portuguese Five per Cents. at 76, and the Four per
Cents. at 281; Dutch Two.and-a-Half per Cents.
were done at 501; and the Four per Cents. at 771
and 78.

We have authority to state that the committee of
Portuguese bondholders have resolved on recommend-
ing their eoestitnents to naive without prejudice the
new Three per Cent. stock which theagent of PorWpl
has jest offered in payment of the 20 per cent. de-
ducted from the dividend for the second half-year of
1846. It will be remembered, when this tax was im-
posed under the decree of 21st Aug., 1846, that the
chairman, Mr. Thorntoa, addressed a remonstrance to
Senor Benches, Minister of Finance, against the mea-
sure, and entered a protest on behalf of the bond-
holders generally when the deduction of 20 per cent.
was made, in consequence of which the government.
was induced to revoke the law referred to, and
pare a decree under date 29th January, 1847, ordain-
tag "that indemnification or re-imbweement of the
double dealing should be made to the injured parties
as soon as the circumstances of the treasury would

permit." This promise the committee haveinot lost
sight of: they have repeatedly urged its fulfilment
end payment before any subsequent dividend being
dealt with, but with no better result than the present
offer. When, however, it is considered that there are
three half-yearly dividends in arrow on the foreign
debt of Portugal. independent of this balance of 20
per cent., it is, perhaps, wise in the oommittee to recom-
mend the bondholders to take 3 per cent. Stock in liqui-
dation of the latter, as now proposed by the government
And there is little doubt it is a recommendation which
will be agreed to by the bondholders, as the 20 per
cent. in 3 per cent. stock—which is equal to 41. in
201.—though it may be regarded as a paltry sum, is
so much saved from the fire.
This new 3 per cent. stock is at present worth 201.
for 1001. stock in the market.

liitieCOrntxCiangeto:day wheat was again ls.
dearer, and oats about 6d. dearer, than on Monday
list, with a better feeling in the market.
There are advises in the City from Smyrna to-day
to 26th ult., brought by the French steamer to Mar-
seilles. These ulnas being only four days later than
those of last post, give little fresh intelligence of the
market. Business was dull, and prices without much
variation, except madder roots, which were quoted 2s.
per cwt: lower—viz., 325. to 33a. per cwt. free on
board.
The Consols account now brought to a liquidation,
opened on the 13th ult., with Consols for this account
at 91i to 2, as the closing, quotations of that day.
The fluctuations of prices since, with the particular
dates of their occurrence, as between the highest and
lowest rate for money stock only on the days cited,
are subjoined. It is to be remarked that prices re-
mained without any very sensible movement in the
intermediate dates :

-----------
'aghast Lowest
Karl 13. Comb money 99101
15. do.
1
16. do.
11. do.
27. do.
19. do. 9l ln
30. do. e. 92 921
31. do.
Apra L do.
S. do. ...
If. do. —.
7. do.
........ ......_.... 91
9. do. 9l 9l
19. do. . .. .... 91
11. do.

BANK OP ENOLAND.—On Tuesday a ballot wee
taken at the Bank for the election of governor and deputy-
governor for the ensuing year. The balloting was opened at
ten o'clock in the owning and closed at four in the after-
noon, when the votes were summed up by the scrutineers,
who declared the unanimous chafes of the proprietors to have
fallen upon Henri J. Prescott, Esq., for governor, and
Thomson liankey, jun., Bag., for deputyloversor ; and
those gentlemen were sworn into Ake acoordingly. It may
be added that Mr. Prescott and Mr. Hanker were the indi-
viduals rsoonunendad by the directors. We believe not
above My proprietors recorded their votes on this amnion.

PU73LIO &ILE&
APRIL 11.—By Items. Bros, at the Iffart.—Waton
Cattails. Darrimartos-taaat,Mk.. rt lr 444. par bird as
74 years usexpired at 74" Altana bishasi
111/011 villa residesear, esidey =lt stss, eutheateet p&p
renal, $44. 141.• lasidite 74 at 7901.
larenhold Oates% list SOLprit annum ; held
for 74 yam at 41.-71451.
Three Mew. ass shop. emu Ortbsee, 17/411= 717211Sted
modal*. la. id far 74 yaw lasaldr•d, at W. du.- .
Kr. GNOME Tam, 82 lb* liart.—Poshoitt slop sad
Swift bare, 41, (lbw Cressdesst, vita etsassosi Imestat tt
tbs ta
mer, let as repharing ken br fa pee aria; Satires Waded
iaatthaY lame Was Vtlta. Teddrat ILA idlet Amin. 'esesit.
Moss, mil stsbis let as lsw tar 414. par matt. Ma tax risisons4,
Ixtme laidalult Yid kr 57yeara uuelprolde 6171.-7201.
7111•501175C111114114 _rr-Inta. nammill. party value 551. ; held
far Simms mobores. st 151, latiaretat a fts-1731.
Yr. F. li=sl4 saisersre.—Fivs freehold hostel,
the Timm. pdaft 1501. per annum, land
tax mad, Malt loses bigiVissre rdst. W. pound rest