The Express.
London, England, 1865-07-19 00:00:00

WEDNESDAY EVENIitG,eI JULY 19, 186 b;

MONEY MARKET.-(THI8 DAY.)

lIISCELLA.NEOLTS SHAWLS.
Atlantic Telegraph, Med 8 per cent., 84.
Olt? el Nome Gas LinsitedTei
Fstyptinn and (Lintliedl,
General Oredit and FlOll2Oll Imam (LMolto4
Damask Mere. Deedit Aanoniatica (Limited), 61 z d.
Land Securities (Limited), 34, 4.
London Financial dermoliWoe (Laraited),l2l,
National Discount OentenuF Prated),
Rio de Janeiro city Improvements (Limited .(101. paid), 8.

LOHDON AND WESTMINSTER BIBS.
(THIS DAY.)

The half-yearly meeting of the shareholders was
held at 1 o'clock, at the allele, Lothbary ; Alderman
SAI4IIOIB, D[. P., w the chair.
The Bicaruay (Mr. P. Shipp) reed the following report
and balance-sheet: _ _

Two o'Oroox.
The Stock markets remain very quiet. The Eng-
lish funds and foreign bonds are, in nearly all cues,
quoted the same u yesterday afternoon. The market
for home railway stocks continues to show dulness,
and in some cases prices are rather lower ; Metro-
politan and Manchester, Sheffield, and Lincoln-
shire railway stocks are chiefly depressed. As re-
gards other securities scarcely any change isobserv-
able. _ _ _

The discount market is unaltered. Good bills
are still taken at 2/ to 3 per cent. In the Stock
Exchange the rate for short loans on English
Government Securities, is 2 to 2j per oent.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Rentes opened at
67fr. 62c., being nearly the same as yesterday
afternoon.

"The directors have to report that, after making pro-
vision for all bad and doubtful debts, paying the ins:me-
ter. and setting apart 2,0001. towards the buildings at
the back, the net prof& of the bank for last half.
year amount to 151,4981. 7s. Bd. This sum, added to
;1,3574 ls. 5c1., the unappropriated balance of the pre.
maim half-year, will amount to 160,8551. 9e. Id. Out
of this amoust, interest as the rest or surplus fund
at the rate of 5 per cent. per mums (8,2501.) has
been added to that fund, which now amounts to 338,2501.
The directors now declare a dividend to the shareholders at
the rate of 6 per cent. per annum, and, by way of further
dividend out of the profits, • bonus of 10 per cent. on the
paid up capital. After these payments are made, these
will remain a Wanes of 22,606/. 9.. Id., to be carried to
the profit and km account for the current half-year.
" Loodon sad Westminster Bank, Jane 30. —Dr. : To
proprietors for paid.up capitol, 1,000,0001. ; to amount due I
by the bank no deposits, circular notes. dividends, and other
monies payable on demand, 19,652,177/. 10a. 54. (this sum
does not include arise nee, 988,2111. 10a. 24.) ; to rest or
surplus fund, 330,0031. ; to balance of profit and loss ac-
count, 31st December. 1864. 9,3571. le. sd. ; to net
profits of the pest half-year, 151,4964 7s. Bd. ; total,
21,04:1,0321.19., 6d. Cr.: by Government Steak, Butte.
quer Bills, and India Bonds 2,489,4121. 9e. ;by bills
discounted. loans to custon;ers, and other securities,
16,936,3004 12s. sd. ; by Gish in hand, 1.617,3194 18e. Id. ;
total. 21,043,0321.19 e. 6d.
"Profit and Loss —Dr. : To total expenditure of the
eight establishments, including rest, taxes, malaria, sta-
tionery, he., 52,9701. Bs. lad. ; to 'unmet set apart towards
the buildings of the bank, 2,0004 ; to amount added to
rest or surplus fund by interest thereon at 5 per cent. per
annum, 8,2501. ; to payment of the dividend DOW declared,
at the rate of 6 per oent, per annum, for the lent
half-year on the paid-up capital of 1,000,000/., 300,000/4
to Imam of 10 per cont, on thempital, 100.0004 ; to balance
of profit and lose account, 22.6064 9., Id.—total, 215,825/.
17s. 2d. Or.: By balance of profit and loss account, 31st
December, 1864, 9,3571. la. sd. ; by gross profits of the lest ,
half-year, after paying the ire:emotes, and making provision
ell bad and doubtful debts, 206,4681. 15a. 9&—total,
215,825/. 17a. 2d.
Rear on &Janus FEDID.—Dr. : Present amount,
3382501. Or.: A unmet on the let January, 1865, 330,0001.;
iby ate rest on ditto, at 5 per cent. par annum, 8,2501.—
total, =8,2604"
The OHAIDWAN, is moving the adoption of the report sad
accounts, observed that that meeting was what was called
the interim meeting. The deposits were nearly • million in
adrenal of the amount at the corresponding period of lest
year. The dividend for the halt year was 13 per coat.
against 14 per cent. is the first half of last year, the rate of
interest having of late bees ender the average, and lower per-
haps than was comustest with • healthy state of
business. He hoped that the next divided would be
better, but whatever might be the actual amount the meet-
ing might rely upon it that it would he • true and fair
dividend. (Cheers.)
A PHOPIIISTOR inquired why the report was not issued
before the meeting
The CHAIRDIAD replied that the directors wished to me •
large number of the proprietors at the meeting', and the
previous Meiling of the report would tend to prevent that.
(Bear, hear.)

Consols are now quoted 891 to 90 for money,
and 90 to 1 for the Bth of August. The
official business report is as follows
Three per Cent. Consols, for money, 891, 90 ; ditto,
for account, 90 ; Three per Cont.e Reduced, 894, 1,
; New Three per Cents., 891, 1,1, 4 ; ditto
Two-and-a-Half per Cents., 73 ; Exchequer Bills,
4s. prem. ; Bank of England Stock, 246, 248 ;
India Stock, 218, 218 ; ditto Five per Cent.
stock, 1041, 4 ; ditto Bonds, 225. prem.
Foreign stocks are quiet, but steady. There is
an improvement of Ito per cent. in Turkish
Bonds of 1862. Spanish Certificates are likewise
slightly firmer. Otherwise prices are unchanged,
Some of the present quotations are subjoined,
viz : Greek, 214 to 1 ; Turkish 1858 Bonds,
731 to ; ditto 1862, 73 to 1 ; ditto Con-
solid6a, 491 to 3 ; Spanish Passive, 291 to 4 ;
ditto Certificates, 144 to 4 ; Confederate, 8 to 9 ;
and Mexican, 24 to 4. Transactions are recorded
as follows :—Brazilian Four-and-a-Half per Ceuta,
1852, 1858, and 1860, 79 ; ditto, 1863, 804 ;
Danubian Seven per Cents., 78 ; Egyptian
Seven per Cents., 98 ; ditto, second issue,
974 ; ditto 1864, 941, 94 ; ditto 1001. Bonds, 944 ;
Greek Five per Cents., for account, 214 ; Italian
Five per Ceuta., 1861, for account, 641,
ex div. ; ditto 1865, 771 ; ditto (Maremmana
Railway), 691, ex dir. ; Mexican Three
per Cents., 241, 24, ex div. ; Portuguese
Three per Cents., 1856, &c., for account, 471, ex
div. ; Russian Five per Ceuta., 1862, 921,
92, 1 ; Spanish Passive, for account, 294 ;
Turkish Six per Ceuta., 1858, for ac-
count, 731 ; ditto 1862, for account, 73,
4, ex dlv. ; ditto 100/. Bonds, 734, 1, ex div. ;
ditto Five per Cents., 1865, 441, ex div. ; ditto
scrip (351. paid), 41 die., ex div. ; ditto Guaranteed
Four per Ceuta., 1021.
International Financial shares are now quoted
to 11 pm., ex diy. ; General Credit, 11 tot} prem.;
London Financial, 7 to 4 prem. ; Imperial Mei,
Gentile, 11 to 14 prem., ex div. ; Credit Foncier and
Mobilier of England, 31 to 1 prem., ex div. ; Otto-
man Socidt4 Gdndrale, 21 to 34 prem. ; Hudson's
Bay, 154 to 4 ; and Egyptian Trading, 14
to 14 die.
Metropolis Sewage shares are quoted 24 to 3
prem., and Overend, Gurney, and Co., 11 to 14
prem.
The nominal quotations for the shares of some
of the new companies are subjoined :—Atlantic
Telegraph preference, 4 to 3 prem. ; Glamorgan-
shire Iron, 21 to 3 prem. ; Blakely Ordnance, 31 to 4
prem. ; Hop and Malt Exchange, 14 to 2 prem. ;
Barned's Banking, par to 4 prem. ; East London
Railway, par to 1 prem. ; Loudon and Mediter-
ranean Bank, 3 to 4 prem. ; Peruvian Railways,
5 to 6 prem.
The letters of allotment of the shares in Barned's
Banking Company (Limited) have been delivered
to-day.
Sixteen thousand sovereigns were withdrawn from
the Bank yesterday for shipment to Alexandria.
The City of Boston, from New York, has brought
only 3,0801. in specie.
The foreign exchanges yesterday afternoon pre-
sented little alteration. Bills on Holland and
Spain were rather more offered. The rates were as
follows:
Amsterdam, 3 months, 12.0 to 12.0 i ; ditto. 3 dye,
11.18 to ; Rotterdam, 3 months. 12.0 to 12.01; AMA
warp, 3 months. 25.37 i to 42; • Hamburg, ma beam. 3
months, 13.94 to 16; Pans, 3 days, 25.174 to 221 ;
ditto, 3 meths, 25.374 to 40; Frankfort-on-the-/Asios,
months. 1204 to I ; Bt, Petersburg (per rouble), 3 months,
31 to 4; Vision% si. fio.. 3 months, 11.15 to 20; Tried*,
aff. do., 3 months, 11.15 to 20: Madrid, 3 months,
47i to 4 ; Cadiz, 3 months. 4$ to i ; Leghorn, 3 maths,
25.50 so 55 ; Glum, 3 months. 25.50 to 65 ; Milan. 3
month', 26.50 to 55 ; Naples, 3 months, 25.30 to 55 ;
Palermo, 3 months, 25.50 to 55 ; Marine, 3 months,
25.50 to 55 ; Lisboa, 90 days, 514 to I ; Oporto, 90 days,
514 to;.
ALL SOULS INDUSTRIAL CO-OPERATIVE SOCIETY
The dividend on Manchester, Sheffield, and Lin.
rro).—On Monday evening the soiree of this moiety
took place in the National School Rooms, Great Poetised- ahlhabira Railway stuck was officially announced
street. In the Amnia of the Rev. Eardley Wilmot, yesterday) at the rate of only 1 per ant. per
rector, from illhealth. the Rev. A. Jones presided. Mr. annum, against 21 per cent. per annum for the car-
Bennett read en interesting Mainmast and report, from
which it appeared that the society has been established responding period of last year. The half-year's
twelve mouth., and had already paid dividends on patchouli traffic receipts having been 11,0001. more than for
of le. 6d. In the pound io addition to the five per cent. on the same period of last year, this announcement
shares. The chairman made a neat speech, introducing the has caused great disappointment.
Rev. Henry Sony., secretary to the Working Men's Club The Metropolitan Railway traffic return shows
and Institute UOlOll, who aelarged upon the benefits of an increase
these co-operative societies and the great help they affedled this week ear.
of 469/. over last y
to working men's clubs when they were worked together. The following is from the sixth report of the
Mr. Bennett proposed a vote of thanks to Mr. Solly, which directors of the Alliance Bank (Limited) to be sub-
sea carried by acclamation. In the mune of the evening
there was some excellent music with moss, Ac., kindly pro.
milted at the general meeting on Friday, the 21st
'lda by ladies cod gentlemen (Amateur.). After a vote of •
thanks to the chairman, the meeting, which had been well The directors have to report that the net profits of the
attended by the wives and daughters of the members, hank, after deducting interest on current and deposit Sc'
broke up. The society numbers 133 members at the present meets, cermet expeosee provinion for bad debts. and re-
time, and the takings during the past quarter amounted to bate on bills discounted bet not yet due, amount to
6371. 27.6531. 17s. 6d. which they propose to dispose of as
LATE Ma. RICHARD THORNTON, THN follows, via:-22.16t1/. 2a. in payment of a dividend; 1,0001.
MILLIONAIRL—Tbe will of this gentleman, so well. in reduction of preliminary expose.. ; 4,485/. 15s. ilet to
!mown at Lloyd's, the Jerusalem Coffee-bones, and
almost every commercial establishment in the Oily, and profit and lose account of the current half-year ; total,
27,6531. 17e. 6d. Tee above sum of 22,1681. 2s. enables
who died • few weeks We. leaving the enormous wealth the directors to recommend a dirideed of 12• ad- per share
of 3,700,000/, was proved at ea the 30,0e0 shares open which 25r. per span is paid,
day last. It contains the following bequests:-1.000,0301. and 7a per share on the 9,766 shares upon which TX per
to Mr. Thomas Thornton. who likewise is to inherit the than is Paid, being at the rate of sf• prr °eat per
deceased's estates ; 1,000,6004 to Mr. Richard Thornton annum. It is satisfactory to the directors to be able to
West • 500,0001. to be divided among other relations and state that the condition of the bank has materi-
?rated; • a handsome provision for Mr. Neal and other . improved sines the lest half-yearly meeting.
of the iseeased's clerks ; 100.0001. to be divided among With respect to the account venially referred to in their
all the charities, hospitals, asylums, and busevolent last report, the directors do not yet feel themselves in a mai.
tams in London, dm The sums are duty prop rtimed in ties to determine the amount which will be required from
each bequest ;150001. to Christ's Hospital, where demised the mom fund to meet the lots that 'fIAY arisethereon, "
was educated ; 10,0001. left in trust for the benefit of the further time mast elapse before the value of the securities
schools in Mertes, Surrey ; 10,0001. left in trust for the and estates affecting it can be ascertained. In accordance
schools in Mr. Thornton's native village. Burton, in York. with the wish expressed at the last meeting the directors
shire ; 1,0001. lett for the benefit of the aged poor at have increased their board by the election, subject to eon
-
Barton 5001. left for the poor at Mertoe. There are Armsatioe by the shareholders, of Christopher Atkisson.
many other. bequests contained in the will. The weeetors of Liverpool, and Matthew Hutton Chaster. Rube of
are Mr. Thomas Thornton, Mr. It. T. West, Mr. Pelfoed, 1130600.
and Mr. Lee. It is represented that the probate duty of It is notified that the London and County Bank
the will cost 42,0001•, and the legacy duty will mama{ to and its branches. and Messrs. Prescott, Grote, and
upwards of 100,0001. Company are authorised to receive subscriptions
BURGLARY AT DIDLINGTON-HALL.-013 Saturday for shares in the Accidental and Marine Insurance
last Thomas Bales, recentlytly a footman in the service of Mr. ~ •
peny been
Amherst, of Didliogtoeipark, aid Emily Mayes, a well. Corporation ("Amnon). The nom h
deemed woman, alleged to be his wife, were charged b.. formed to take over the business of the Accidental
fore the Norfolk magistrates, at Swaffhatn, with breekiog Death Insurance Company, the scope and opera-
into D.dlioston-ball and stealing a cash box ceetainieg Lions of which it is now proposed to increase largely,
1101. William Ford, batter to Mr. Amherst, said that the
snapioion of been di
prisoner
hadischargedon having mete
missed a petty theft. He knew waste the key the with the aid of the company's extensive system
of agents, who are between 4.000 and 5,000 in
bailee% allioain which the csah•box had bout kepi, was of
pier number. The income from the accidental branch
rally pet, and also theta window was alwaremen &Meg the last year was es much as 49,489'. The company
unmet at the back of the hones by which as amens weld
be obtained intothe %tailor. The primers had gem to proposed
underwriting in 1862, and it is now
Proposed to embark more freely in this class of
Leadoa, bat two wife:awes stated that on the night of the •
operations. The business is to be transferred as
-
robbery they had Nee him ear Didhanaah.ha suaokaaa,
mesequeetly fell on him, aad he wee apprehended in Lou-'from the let inst. The capital proposed
doe. A bundle of bask-Beim was found in a hones where 2,000,0001., in 80,000 shares of 25/. each, with a first
the female prisoner had Men, and was banded to the police.
The prisoner made a statemset, to which he said he had
issue of 40,0120 shares, on which 11. per share is to
gene to Norfolk to wilt his father. While there he gee
oe paid on application and 4/. on allotment, and
drinilla of Mating his friends he welt isle i the prospeotos intimate. that no further call is nom-
'k, sad Mel
Didlington-hsll by the open window at the hack epees& tearated. For every two shares of Si.sl with 11.
the door or thebutler'e °Moe with the key, widish be friend pat held by the proprietors of the Accidental
ia_s_i",...""l..an.brolce open the tuPboerd, and M.A." e DWI Insurance Company there is to be res a
essn-box. tee told big wits that his father bad gime elm certificate of one share of the ‘, Accidental and
I the
ewas money,tlo madisittedsb. kirormteialactbiagat N4onriclitbe rowtimeab".•ahtse. Marino Israsnes Corporation (Limit."" with
Si.
woman wee remanded till to-morrow to medial' it sks Thu will ahuotb 10,000 shares, the remain-
.minis& It she is she will be discharged. fag 30,000 being offered to the public.

In reply to quashed,
The CHAIRMAN said the diminution of profit areas partly

from the reduction in the rate of interest last year them was
very little loss from bad debts, but in the last half.year
the board had had something to write off under that
bead. From 105,0001. to 110,0001. had been invested
in the ground and building the .e and the new structure
would cost altogether about 60,0001. Jones Loyd's Bank
was set down as an mast at 80,0001., and he bad no doubt
that in the market it would fetch more.
A Paorairroa asked what was the amount of the bad
debt/ to which the chairman bad alluded
The Cgamman thought it was needless to mention the
precise amount—(cheers)—all he would say was, that they
had all been written off, and that they exceeded the
average in previous years.
The SHAREHOLDER said he did not wish to impute blame

to the board.
The CHAIRMAN mid hie colleagues thought It best that
there should be no secrete. The average iOBll in pre-
ceding years was 10,000!. ; the amount in the last half-
year was 13.500!. (" Hear, hear," and cheers.) lf he had
not said that, it might have been supposed that the loss

. _
wee larger.
The report wee adopted, and the dividend and bonus,
amounting to 13 per cent. for the hall-year, were declared.

THE CONSOLIDATED DISCOUNT COMPANY.
(THIS DAY.)

This day the second ordinary meeting of share-
holders wu held at the London Tavern; Mr. RICUAILDBON
in the chair.

The following report was read :
"In enbmitting the annexed balsam sheet, the directors
have much pleasure in calling the attention of the share-
holders to the result of the last half-year's operations,
which they trust will be considered matiefutory. The gross
profits for the six months ending June 30, are 13,2611.
2s. Ild., and after deducting current expanses, and
rebate of bills not yet due, there remains a net profit
of 6,6201. 2s. 6d. Agreeably with the wishes expressed
at the lut meeting, the rebate of bills not due on 31st
December amounting to 7,3381. 14s. 9d. has been introduced
iota the present statement, aid with the balance then
brought down, leaves 1,9781. 4s. Id. to the debit of next
account. Considering the limited amount of capital, which
the manager has had at command, the directors think this a
good result ; sod while expressiog their confidence in the
ultimate success of the company, would ask the shareholders
to co-operate with them in influencing, as far as possible,
the bringing of deposit accounta."
The report was adopted.