The Express.
London, England, 1853-12-09 00:00:00

irty Court.

OSBORNE, Ore.
The Queen and the I)ocile3s a Itrdbaut
out yeeterdne an ruing.
l'rinee Albert went out shootinz.
Lard John Russell urrind (run London on a tz h Majesty.

A deputation from Kingston-twee Thames had an iret.
view yestertsy with the G I Ward of Health, at um,
office, Whitehall. Tile deputation consisted of Frideritii
Esq of
Su E•ul;bi Mto nay -on-Thatues.or of Kingston, and of Samuel Itanyar,i,
The Cathedral Commission had a meeting yesterday, at
their office in Parliament-street. Pre ent—the Italic, of
Blandford, the Earl of Harrowby, the Bishm Loch%
Sir John Dodson, the Rev. Dr. Wordsworth, the
Canon Selwyn, the Hon. and Rev. Henry Montagu Valier.,'
and the Rev. Richard Jones (secretary).
Despatches were sent yesteruay from the Colunial.otßee
to the Governor of Malta, the Lord High Consmis.ioner of
the lonian Islands, and the Governor of the Pallsland
Islands.
The Judicial Committee of the Privy Council sat 'ester.
day and heard a petition in the matter of " The Iteatusd
of the Borough Court of Birmingham." Tne Lords pres‘ia
were the Lord Chief Justice ol tba Court of eminent
Pleas, the Judge of the Admiralty Court, Sir J. Paulson,
and Sir E. Ryan.

TILE ELECTRIC TE.LEGILtPII is now extended to
Osborne, the marine residence of her Majesty in the
Isle of Wight, and telegraphic messages to and from Load.,
and Osborne are transmitted whencvsr necessity.
TUE FARMERS' CLUE had their annual dinner
yesterday evening, at the York Bridge street, 11,uk.
friars. the only noticeably feature of the proneedin4s
that Mr. Posey was very warmly received by the %tutu
farmers who were present. This is a " sign of the has,,"
(or last year at the Smithfield Club Dinner, Mr. Pusey ass
almost howled at by the protectionist landlords who were
present on that °cc ,sion. Speeches were made by lir.
Pusey, Mr. Sidney, Mr. Tattersall and others.
SIR E. BULwER LYTTON, NIX., has consented
to preside at tke approaching annual soir,r. of the Leed,
blezhanics' Institution, which will take plate in January.

BURIAL SOCIETIES.

Yesterday (Thursday), the Grand Jury at the
Liverpool Assizes, of whom William Brown, EN., Mx. for
South Lancashire, was foreman, made the following pry
sentment to Baron Aldersor

" Presentment of the Grand Jury, at the Liverpool Spa.
cial Commission, ISs3:—Tlie Grand Jury are unwilling to
separate without recording their unanimous opinion that
the interference of the legislature is imperatively called for
to put a stop to the present system of mosey pap/isms by
Burial Societies. From the cases brought before them ot
the present assize•, as well as fruin past experience, the
Grand Jury have no doubt that the system operates as a
direct incentive to murder, and that many of their fellow-
beings are year after year hurried into eternity by those
most closely united to them by the ties of nature and of
blood, if not of utfec•ion, for the sake of the few pounds
to which, by the rules of the societies, as at present comb.
tuted, the survivors are entitled. The continuance of such
a state of things is too fearful to contemplate, and as a
simple remedy suggests Ailed, without impairing the use-
fulness of sick and benefit societies, the scope and object of
which are admitted to be both humane sail benefic.xl, the
grand jury would respectfully but earnestly request that the
attention of the proper aucliorities may be at once directed
to this painful object.

" The misdirection of these funds, the alarming icercage I.
crimes of violence, accompanied by the barbital's use of the
knife—the lamentable prevalence of strikes among the
working classes, arising from the ill•underatoud relations of
workpeople and their employer:, and leading inevitably to
breaches of the peace and other calamitous results, have
forcibly impressed upon the minds of the grand jury the
great importance of extending the means of imparting edu.
cation to all classes of the community, for it is their unsoi•
mous opinion that no solid foundation fur any abidiog and
salutary change in the habits and pursuits of the po!rir
classes in this country can be hoped fur, unless such change
is based upon the education and training of the young;
that the charge for the education of this class ought not to
be allowed to rest, to so large an extent as it now does,
upon the benevolent exertions of the wise and good; that
there is a duty, and a pecuniary responsibi:ity, as regards
education, which should rightfully devolve upon the state,
and that this responsibility is one which the legislature
ought no longer to shun.— Wst. 13nowx, Foreman."

Baron Alderson—l think you have done a very great
service by bringing this preseatment before the court. 1
will take care that it shall be fotwuded to the Hume
Secretary.

THE LOSS GI: THE 3LIRsILILL.
-

The Eastern Counties Herald of yesterday says
that as soon as passible after receiving intelligence of the
apprehended loss of the Elbe-Humber Steam Nevigatiou
Company's screw steamer the Marshall, Mr. Peters, the
company's agent, at Hull, despatched another steamer to
ascertain if practicable something positive as to the fate of
the vessel. This steamer (the Duncaenon) returned on
Saturday night, and the captain of the Hammunia (another
vessel of the Elbe-Humber Company), who went down and
along the Yorkshire coast ia her, reported that nothing
was perceptible. A report has prevailed in the town during
the week, and very generally credited, that the masts of
the steamer had been seen above the water; but we
have the best authority for saying that the report is alto-
gether untrue- Mr. Peters has taken every step that ex-
perience or propriety could suggest, to throw some light
upon the fate of the ship, but hitherto without avail.
Mr. Peters has caused a strict search to be made along the
Holderneu coast, up as far as Essington, but no traces
whatever of the Marshall have been discovered. The
number of hands oil boar/ the Marshall was about GI.
The passengers were about 38, and the crew IS. Of the
latter, we believe, that with the exception of the English
engineer, who has resided fur many years in Hamburg,
they are all foreigners- The only additional fact which ws
have ascertained up to Wednesday afternoon, is that the
Bravo, from Petersburg to Hull, when about 30 miles from
Flamborough, picked up a large emigrant's chest, euatain-
ing wearing apparel, dec. It was addressed " Walree,
passenger to New York." This cannot at present be iden-
tified as having belonged to one of the Marshall's passengers.

TilE LASH AT THE CHELTENHAM GRAMMAR

wildi SILMEHOLDERS"

VIE ri X

Vret-rilay a meeting wsi held it the London
.haratioiden in upwar.lt of I eeistmenpld m.ning
r ii .nl.•, CM the parioss of evosidens4 Om best mesas
fob, olopte.it üb:aia a b diuee-sheet of the above c: m.
4, which. as the requisition alleged, the directors
giersny withheli. The meeting had been convened by
)tire IL i s. and it was Da numerously attended that
am all atrament became IteCf sfssy to a room 1 than
cut In •%..h t er.gmal4 ussemb:ed. The CLIAir was

liar& by
Nr. (kat/ALIA, who, Limiter read the advertisement
the meeting, proceeded, amid coasiderable
lautlitrr imd some surprise, to read the lost list of cot&
raj.. nhith were interested in these proceedings. He
that a the object of this meeting was to raise a dis-
moos, awl call public attention to the conduct of the
vurtuas directors, he should briefly recapitulate the
i.e. a the case, and propose a resolution for
tss *pans of the meeting. Ile dared to sty that
ih y by, at seen his letter in the Daily Noes.
(Ilva, tea.) Bat teen witkuut it they were aw ice of the
Veal Jiamoisfaction that existed OR account of the scanty
renona. of information allarded by the various directors.
•
Ile ofea-rlf hal c died at all the offices in which he lad
ssaA, bat conkl get neither Inhume-abet!, c,st•haA, nor
any other information whatever. Whey they recollected
Ma *every! of hose companies had been upwards of three
Tres enoteelet without ren.:ering any account to the
.1,,4.,44..re, he thought it was full time that some step
'hull he taken to eimpil them to do so. (He ir, hear.)
They were maimed from day to day with account' of new
era,nieg machines, heaps of auriferous material that had
arrived. .ant the glorious results of assays made by learned
prifereero. hut anything like substantial information as to
tbe prospect of a dividend, or as to whether any hinds were
invested in Car• its or Ec:hequer-biils, they were as far
sof as .t the first announcement of the companies.
But still there was a distinction in these companies; and
Kona ett • not so had as the rest. Still there was sm.-
shoe in their peter/Ming. which to hint was wholly inex-
pheable. "here was a rule that no ennpany could be
• • .1 oh the Stock Eschange until two-thirds of the
espetsl had been subscriued for, bet he was afraid that that
rale had Leen infringed upon in some of the cases which
th y were then about to consider, as many of them had
'robing L'as two-thirds of th it capital subscribed. He
should premed to detail to the meeting the facts span which
he fond• it his ease, and hoped those present would stand
by him, and sot 'Um any attempt to be nude to disturb
their preceediags. (Hear, hear.) He hau ao mote,. but
that of obtaining Justice and fair play. All he wanted to
obtain was halarics-sheets and debtor and crediv.r accounts
—thiss which he thought,the,shsreholders tilde entitled to.
Now, these carnpanies were founded upon two or three
dideseut principles. Same of them h id started on !lie ca.t•
busk principle, a condition /..f which was, that at the
end of every two months an account should he furnished,
and the siaallest shareholders should have the right to exa-
mine the purser's books. The second class was what was
called the provisionally registered ; and the third class com•
beast the costrbook with the provisional register,provided for
no liability beyond the amount subscribed, and required no
deed. Ms letter to the directors of these various companies in
the /lady News had produced ao effect, although its believed
that tl.at paper was generally read by the public, especially
bytLat portion which was interested in mining affairs.
(Hear, hear.) lie thought that mining sharchrilden
were very mach indebted to the Daily SVCS and other
pipers set.. 'elf had sought to protect their interest. and to
expos* the deception which head bees practised Gan the
beginning to the end of their undertakings. Ile could not
but remark that whether in Calitornia or Australia, where
capital was supposed to be always abundant, the natives
were most manna to oblige their English friends,
and them were some cases in which estates
worth 1,0031. had been sold to toe latter fir
2.5,0001., the sellers and directors, as he suppased.
going "snacks' in the produce. (Hear, hear.) Now,
there was not one of these schemes that could hive moved
without the agency of a respectable broker, and he was
sorry to find that there were in the City of London so
many respectable men who, for the sake of one shilling •
slue c mmiseion, could be induced to lend themselves to
such proceedings. (Hear, hear.) They must have also
had respectable solicitors, but these latter had nothing t s do
bet to draw up the deeds by which worthless pieces of land
were conveyed either in Australian Califoruia. Then, there
mast be trusts", and again he must express his surprise
that the haaken of London had so readily accepted that
office. To be SW* they had nothing to do but to take
charge of whatever mosey was paid over by the directors,
and the latter took care that that should be an exceedingly
small reepessibility. (Laughter.) Th- effect of such pro-
ceedings had been to inflict serious Imes on every part of
the Cuited Kiagdons. Ile had received shoals of
bitten from Great Britain and Ireland, from parties
who hart purchased shares, often at a high premium, but
sever lees than par. It might be said that in making these
remarks for was loweriag the value of his own pruperty,
but be aid sot care ; all he wanted woe to know how they
actually stood, and he pledged his honour to the meeting
that his belief was that if they did not make some simian
nearly the whole of the money they had invested would be
'quartered away. (Hear, hear.) This was all the effect
en the silent system. (hear, hear.) He had received a
letter from are gentleman stating his belief th it the direc-
tion were practising the silent system it cue its adoption
Auld ultimately become compulsory. (it laugh.) He
laud down this pneciple, that when • company did not pay
it was the duty of the directors to break it up, and pay the
impulses out of their own profits, as they had had all the
early chances, sad several had dons ea. In any case
salient. • share had been found sufficient to wind so
the affairs. lie should like to know what the
various directors had been dniag for their salaries. Even
for the Salant• themselves they were entitled to a meeting
tralify eta months, but nothing of the kind had taken place,
the directors bad paid themselves, end nobody knew at
what rate, whether at .101. or 5001. a year. (Hear, hear.) As
a panel rule, directors worked for nothing until the Con-
on became flourishing, and as the; shams were at • dis-
use% be did sot see that they should be called upon to pay
any salaries at all. (Hear, bear.) He would not have
ea Bed them together on that day if his right to inspect the
accounts had been admitted ; but in some offices he had been
cavalierly refund, in others he had been put off with &story
of splendid reports from the mines, and in a third he was
received with arse vague promise of calling a mee.ing
Thu there was a promos of what war called " rigging
the market. (Dimatistution, and cries of " Hear, hear," and
iaterrrotioa.) He womb' not he interrupted, although there
might he same parties in the room who did not like the sub-
ject. The way the " rigging " was done was this. W hen
• company did not take with the public, and only half the
demos were paid up, on. of the directon would say, " Its
a great shame such a concern should perish for want of
funds, and therefore we will employ the money in hand to
run up the abates loan enormous premium." (Hear, hear.)
This had occurred several times is the geld mania of last
year. and in several eases shares had bees so run up, but
he we, afraid that the shareholders would never has any-
thing of the premiums, as the directors took all, sold out at
the nick of time, and left the public to be the lasers.
(Hear, hear) At some office they had refused informatics
to the shareholders on the plea that they had not regis-
tered. How was that, seeing that they wen on the cost-
book principle ? He did not am what was the use of regis-
tering ; but the fact was, that with one sums or another,
they had utiforody been refused any account. Now, he
had called them there that day for the purpose of con-
elderiag the best means of getting the necessary
information—that was to say, halance-sheets. Several
plans were open to their choice, and he should be happy to
heir sugestions from the meeting. Some people had sug-
gested the Winding. up Act, but he feared that that would
be too expensive. He would now proceed to Slade ame-
ba to the 17 companies—(t. oh," and • laugh)—in which
they were interested. There was ant the British Austell-
lien, with 150,0001. capital, and out of that 2.5,0001. had
been paid for leases. They had heard a great deal of the
prospects of this company. The second on his list was Col.
Fremont's Golden Mountain of Mariposa. Of this they
hear. of nothing but the disputes, sad the amount involved
WI. enormous. This company had been first &Mined,
and then eacladed from the Stock Enduing,. In the Bri-
tish Australian, 50,0001. wr.rth of the stock was allotted to
Amtrak', and as that had not been taken up, 100,0001.
worth must have been invested in England. Hers was a
capful of 100,000/. to be accounted fur. (Hear, hear.) He
wished to know, with respect to this comneny, whether
their money was in the bank, is consols, or in Exchequer
bill. Theo, of the Martfatia Company he would observe
that, it was a provisionally registered company, with 50,000
`hires—that it had been three years is existence, and—are
notedy sass at all ? (Hear, hear.) It had bees ad-
to the Stock Enhanee, and had there suffered the
dishonour of being kicked out. There were several gentle-
men very anxious to know the reason why. (Hear, hear.)
1-15 looking over the list of directors he found that some had
taken trips abroad, that some were dead, and some had re-
tired. Why tot have the company wound up Some said
that it amid not he wound up, because there were not
enointh Of shareholders; but if there was no law that coald
reach this ease, he mast say that to talk of justice in this
country was • fame. There were miens rumour. about
this f°^= as 7- Some mid that the money w all safe—
it was all gone • hint one fact wars certain, and
leer) Neat,
was, the
en shwars 'were dews to Ts. 61. (Hear,
(700if,t`
eireZ
ea'ne
brishetldseonAtistralian Consols, with
It was said that they hail valuable "et.tyleh
principle.
property on the Hunter
River, but the shares were not quoted on the Stock Ex-
change. He did not know what amount of capital had been
been paid up, bat as the rerepany had hero la AI h•J on
the stork-hook principle, the shareholden hadet e
al to is-
%pert the aeserants once in three months. He must next call
`heir 'Matta to • orry ere at concern, the " Gnat" Nugget
% ein Compose. (Greet laughter) He must he allowed to
dilate a little epos this compnny, as ho wee &great sufferer.
He resettled to see the eminent firm of Dunbar and Co.
Ttio,eb:
icette •
iiwtuaahtionit,
to g , the
beearese. the directors bad not placed
information wlrich was re-
qurreJ. They would tee in the paper of that morning a
letter complaining of a meeting held
at which itin Sydney. In t
was resolved to return 50 per tent. to the
'bareboiderfe; but as the London shams had been issued at

25e. and some at Ms. premium, this would bee most unequal
distribution. He had himself bees foolish enough to par.
chew at 41 premium. (Loud laughter.) At the starting of
this company it was said that 300,000 shares were applied
fur, but is the end only 31.000 were sold, and Dunbar and
Co. had, he was informed, charged 8,4e01. and odd for
expenses. (Hear.) 11e was quiet after this, bat should be
glad to know what had been done with the mon. y.
hear.) The newspapers had very properly commented on
the proceedings at the time, but the subject did not occupy
as much of public attention as it ought to have done,
as the truth was that people did not lake to let
the public know that they hail been made such
fouls of. He was quite ashamed of himself, and his only
excuse was the mania that prevailed at the time. Next
came the Australian Mutual, with 60,000 shares, established
en the cost book principle, and not admitted on the Stock
Exchange. The basis of Acmes for this company was its
reported connexion with the British Australian. la the
confident hope of that connexion the shares were sold at the
same price, but the alleged marriage never took place,
and the shares of the Mutual had tumbled in consequence.
R.•ports bad been spread that lots of gold were coming over
for the payment of ar. early dividend, but unfortunately it
bed-never eons, to hand. Then there was the London and
Californian Gold Gluarts.Crushing Comp any—(laughter)—
with which Professor Ansted's name was connected. This
fact bad given great confdence in the beginning; but in a
morning journal of last Saturtay there had appeared a letter
from the learned professor declaring that he had neighed,
with the consent of the directors. Ile might have done so,
but not with the consent of the public, who bed been
deceived by the use of his name. He (the chairman)
thought that a gentlemen of l'rof. Ansteal's high standing
should have given public notice of his retirement the me-
went it occurred. This company was on the Sock Ea-
chine—a thing which lie could not understand, as the
stieuleted amount of capital had not been paid up. The
professor sail in his lever of resignation that lie t obeyed
no company was sounder, hut that the capital was nut
enough. NVhat a perfectly absurd letter as far as the
ehareholalere were concerned, who, having ones got in,
were only anxious to know how th. y could get out. He
wiehed the learned proteetior would enlighten him upon
that eaojeet, as, up to that moment, nothing had been
" crushed " excepting the shareholders. (Laughter.) Next
on his list was the Australian Cordilleru, with 60,000
shores, and also on the cost-book principle. They were
doing something. They had bought a trifle from the Austra-
lian Agricultural Company, and, if information were
afforded, perhaps there might not be so much conga of
emsulaint. He would observe here that in many
of these companies the same directors might be
Mend. He next came to the New South Wales Gold
Company, another case of 60,000 shares, and of the cost-
book principle. He believed that every farthing paid up by
the public was gone. Another company, about which he
had received letters from every part of the United King-
dom, was the Australian Freehold Company. (Loud
laughter.) He was glad to see such hilarity in the meeting,
hut the facia were very serious. There were 100,000 shares
on the coat-book principle, and although they had net got
any act of incorporation, it appeared the. 20,000/. bad been
paid for a lease. Of that lease some people said it was
valuable property; others said it was quite the contrery,
and that the concern was a concocted one. This concern
was two years in existence ; the shares were down to 7s. od.,
end t ey had no balance-sheet. Large profits were re-
viled, but still no dividend. The next was the Ave
Maria Company, of 50,000 shares, had been two years in
existence, and no balance-eine. Then there was the Lake
Bathurst Company, 100,000 shares, so dividend ; and next
the AN an G aid Company, 100.000 shares, no dividend.
He had received several letters respecting these companies,
inquiring where was the land. He had been furnished
with a list of the promoters of ell these dif-
ferent companies, but was afraid of exposing him-
self to the law of libel. lie had, however,
gained 500/. worth of experience in ascertaining the cha-
r octer of people. Then there was the Veragues, West
Granada, which came out with 50,000 shares in 1802. They
did not register until 18.53, and promised • meeting next
March. 'the secretary had promised him every informs-
time. but he thought they should he told how many shares
had been paid up, and how the mousy had been expended.
Neat es his list came the Lewis-hill Range, New South
Wales, Company, 80,000 shares and a company en 0114-
manila, This company had been twelve mnothe in exist-
ence, and the shares were down to 3.. fad. Near the bottom
of his list he found L'Aigle D'Or, Virgioia, which had not
been admitted on the Stock Exchange, there not having
been a sufficient number of eh nos taken. Of this company
all they keg+ was that it consisted of 70,0d0 shares at 21.
mob, of which 17,000 shares' or 34,0001., had been paid for
an estate. The last on hie list was the Chartered Austra-
lian Land Company, 100,000 shares of 51. each, IL paid up.
This was a Royal Charter Company, but still the shares
were down to six Ail& gs. (Hear, bear.) This
was the whole of the list, end he could not
but observe that the same men were directors in
several companies, and he believed that this accounted for
the aneat system, as they all worked together. Having
alluded to the names of some gentlemen who were so
situated, the speaker proceeded to say that the losses in-
dicted by these companies were dreadful, and that they
were notning but deceptive lotteries. Laws had been wide
to put down hitting houses, and it was monstrous that
there should be no law to meet the ease of directors who
refused to furnish any accounts. He had only named 17
companies, hut he had been besieged with letters respecting
30 others. He himself held shares in eight, end had (needs
bolding shares is eight more ; that must be his excuse fur
the active part he wee taking. Some of the companies, it
was said, would pay expenses, and others were struggling
on from day to day. H. thought that their capital should
set be frittered away, but that concerns so situated should
be wound up, and the deposits returned. Where
directors refused to take this course, the directors
should be ousted, and fresh gentlemen appointed,
who would, in compliance with the cost-book prince.
pie, have the Recounts published. His first view
had been to have • general committee, comported of two from
each itomoany, but others were against that plan, and
said—" Select one company with • good capital, and if they
miesetded in getting a detailed statement from them, the
others would follow es a matter of coarse." Ile should
not detain them any longer than to move • resolution, ap-
pointing a committee for teat purpose. By taking the c am-
panics separately, they could, at • small expense, demand
an investigation of the accounts. lie moved, therefore,
" that • committee of shareholders of the British Austra-
lian Gold Company be formed for investigatiog the ac-
counts and bona fide prospects of that concern, and of re.
porting thereon at an early day." (Cheers.)
Mr. Wu. lieteneasom said he had great pleasure in
seconding the resolution, and felt bouad to do so, inasmuch
as it was at his suggestion that the present course was
adopted. For although they owed a great debt of grati-
tude to Mr. Guedalla for having brought forward the ease
of these 17 companies, yet he felt that a general resolution
of condemnation would have led to no practical results. He
(Mr. Henderson) bad suggested that one company should
be selected, and as he was a large shareholder in the Bri-
tish Australian, had offered to be one of the committee.
Now, as he was addressing • meeting of gentlemen accus-
tomed to business, he was sure they would agree that it was
the duty of the directors in any company to meet their
shareholders and to furnish proper accouters. It was not for
the directors to take upon themeless the whole responsi-
bility of a concern, but to act ommly with their share-
holders, of whom they were only the servants. He found
that the British Australian had never furnished any account
further than vague reports calculated to keep expectation
alive. lie had written to the directors to have the affairs
wound up, as he had received any dividend, nor was
there, he believed, any prospect of getting back their
money. lie had intended to call a public meeting of the
shareholders, but in courtesy had previously informed them
of his intention. la reply he had received • letter of eight
Melfrom the chairman, Mr. W. Prinsep, telling him
bright were their prospects and what good land they
had got. Mr. Prinsep concluded by asking for a per-
Donal interview, at which he promised to convince him
(Mr. Henderson) of the bright prospects of the company.
He waited on Mr. Prinsep, and fortunately it was
broad day, in consequence of which he saw three of the
directors. He asked them for information on a subject
in which he himself was deeply interested, and, what was
worse, in which • number of female relatives had invested
their money—persons who could ill afford to lose their
money. (Hear, hear.) Mr. Prinsep showed him • map,
exhibiting • large amount of property, and adding that
80,000/. worth of gold had been obtained from it. He
asked, " Where lathe mosey ?" But Mr. Prinsep answered,
"That was before we got the property." (Loud laughter )
They then came to business. He asked, " Will you tell
me what money has been spent ?"—" 35,0001., or something
like that." The answer was, "something like that." He
then asked, " What is the balance at your bankers ?" The
answer was, " We should nut be justified in telling that.
Shareholders want the privileges without the responsibility
of directors." (Loud laughter.) He then asked for a
bemuse sheet, and the answer was that they were not bound
to give it. He (Mr. Henderson) thee said he would call a
meeting, and ask them to appoiat • committee of inquiry,
and the first demand would be for the banker's book and a
balance-sheet. Mr. Prinsep then said, " Suppose we re- I
fuse." He would first suppose that they agreed, and it
would then be for a committee of shareholders to pro-
, nounce in what mode their money had been spent, and to
decide whether the concern should M wound up. If they
refused he would see them by shareholders of 50 shares in
the County Court, and if driven to a court of equity he
would call another meeting, and move a vote of want of
confidence, against which no gentleman could consent to
sit for a moment. (Hear, hear.) Since then be had seen
Mr. ()mlting, and had agreed on the course now proposed.
The British Austrelian was a good cass--200,0001. capital
sad 100,0001. subscribed. He hoped the meeting would
support the relation, and the next course would be to call
• meeting of British Australian shareholders, and he
thought that ultimately they should succeed in getting at
the accounts. (Hear, hear.)
Mr. Cueesocit supported the resolution, and complained
bitterly of the denial of accounts. When a call was made
the shareholders were obliged to " fork out," and be did
not see why the directors should not furnish accounts.
The great question was," Where was the money
(Hear, hear.) He held shares in another of these compa-
nies—" The Colonial House Investment." (Loud laughter.)
He had written to the directors as to their prospects, seeing
that houses were fetching such an enormous price in
Australia, and to this day bad not received an answer.
(Hear, hear.)
The resolution was then agreed to unanimously, and a
committee named, consisting of Messes. °sedans, Hender-
son, Lind, Charnock, and Froman.
In conclusion,
- - - - - •

The CPIAIRNI CC announced tint he had a list of all the
direct. .c. and would publish them is a pamphlet. (Hear,
bear.)
Thanks to the Chairman were moved by Col. Harvey,
mad the proceedings terminated.

THE EXPRESS, FRIDAY EVENING, DECEMBER 9, 1853