The Express.
London, England, 1849-03-01 00:00:00

NORTH WALES.

Halfiyearly Meeting.—Llndon, Feb 28. CHADWICK,
Req., in the chair.
SECRETARY read the report of the directors,
which stated that the directors bad taken means to dissolve
the company, end a deed was prepared for that purpose.
The CHAIRMAN thought the proprietary were pursuing
a wise course in dissolving the company, though it was sot
strictly legal. If this were not pursued, the company would
he drawn into Imes by the small litigious proprietors.
Mr. Thomas Holmes was re-sleeted a director, and Mr. W.
Anderson Rose and Matthew li. Shellacs were elected to
fill up the other vacancies at the beard. The report was
adopted.
Mr. WHALE moved a vote of thanks to the chairman
and direvors.

Mr. iiEItibERSON seconded the resolution, which wee
asziosously atrial

SLIOO AND SliANKON.—There not being a sufficient num-
ber of thareholders in attendance yesterday, the meeting was
adjourned until this day, when the re on will be com-
municated.
__ _

Exarsa, YEOVIL, AND DORCHES7III.—The half-yearly
meeting of this company was convened for y, sterday at one
o'clock at the company's offices in the Waterloo-road, but
there not being twenty proprietors present, according to the
act of parliament, the meeting staod turned until this
day(Thursday.)
EWMAXICET.—This meeting, intended to be held at the
London Tavern, was scliourned yesterday, there being only a
few shareholders present.
THAMES HAVEN AND Doc[.—The meeting of this com-
pany, aivertised to be held yesterday, was postponed in con-
sequence of the non attendance of a sufficient nun.ber of
proprietors to form one.

MONEY MARKET.

WEDNESDAY Evaxiso,

The events of the day, such as the entry of the
Russians into Transylvania, and the nearer prospect
of war on the continent, had some effect on the funds
to-day, added to the other fact, more important still
in the market, of this being an account in
which the speculatore for the rise have
so much overbought themselves. Apparently,
the speculators have taken fright to day upon
seeing the downward tendency of Consols for days
past, reinforced by the adverse appearance of foreign
affairs to day. Sales for money and account were
therefore numerous, for the public and capitalists
were sellers as well as dealers. In result Consols fell
to and left off at 911 for money, and 911 to
for account. It was noted, however, that
after the regular business hews Consols were done as
low as 91/. Reduced Threes were 911 to 4. Three-
and-a-Quarter per Cents., 921 to /. Bank Stock,
194 to 6. Long Annuities, 8 15-16 to 9. Jane
Exchequer Bills, 37e. to 40s. premium. India Bonds, I
665. to 58e. prem. South Sea Stock obtained 1001.
This was settling day in the foreign market,
and the traniactione were confined nearly to theadjust-
ment of accounts, with prices in decline. Mexican
left off 26 to 1. Peruvian, 48 to 50. Venezuela, 25
to 7. It may be observed that the late rise in this
stock has excited some attention, and it its remarked
that the people connected with Venezuela are exactly
the same parties inculpated in the late Peruvian
swindle. The Spanish-American committee should
attend to the fact, and clear themselves from suspicion
of any connivance. In the meantime, it may be
observed, as the suspicion of some villainy, that
the parties connected with the loans for that country,
and who by those loans were themselves raised from
obscurity into consequence, were also by public report
committed in the Peruvian affairs. Mexican fell to
26 to 1; but sellers really at 26. Brazilian, 81 to 3.
Chian, 94 to 7. Cuba bonds were done at 88.
Danish scrip declined to 61 to 7 premium, without
buyer.. The scrip is without standing in
the market, and the transactions on it merely
nominal, that is, brokers came in to buy, and
other brokers to sell, employed by the acme par-
ties, contracting, more probably, in the manner of the
late Mr. Rothschild in each matters. Spanish Fives
were 16/ to 17/ ; the Threes, 284 to 91. Passive,
34 to 4. Portuguese, 25 to 6. Russian were lower
at 107 to 9. Danish, 65 to 8. Dutch Two-a-Half
per Cents. 49/ to 501 ; the Fours, 794 to eq. Bel-
gian, 81 to 3.
A prospectus has been sent to us of an emigration
company, aboat which no opinion need be offered
beyond the fact that the company is headed by per-
sons of the greatest respectability. It is entitled
"The Van Diemen's Land Agricultural Company."

ENGLISH IFUNDR. - -
Rapt titeek.l94 61 India Benda under Al,OOO. 58
8 per Ot. Dad. Aar.. 921 I 211 South Bea Stock. DR
kw Ot. Dena Anna.. rztialiy Dona tor Acct.. 92i 11211 2 le
Brt 4it Per Oent. Azusa. OM 1 %era Binh. £2.DI. 3d . its..,
Loaf Annuities. cup. Jan. 6. 1860. Ditto, £500.43
9 8 15 16 Ditto. Small. 461
India Ronda £l,OOO, 66 5 Ditto, Advertiaxi. 20..33
FOREIGN FUND&
5 per C. Brazilian Bonds, 83 6 per Ct. Spanish Mo., Dir. tram6 par Cent. Cuba Donde, 68 Noy., 1840. 17 1 101
6 los et. Danish Benda M 1849. Ditto nevi., areb 16 175 161
Berip.6l 7 pm. Ditto Native Bond% 51...
Equator Ronda, 31 3Du Ct. thanizh Bon 29 18/
1 per Ot. Grenada Ma Def.. 34 21 per et Venezuela Bonds, 27 6
6 par et. Mexican. 1846, 261 I 1 Ditto Daferrol. 8
Ditto Amt. Mar. 16. 361 6 3 yer Of. French Rents, Rt. 50e.
Ditto. Iknall, se Ez. W. lie.
4 Per Ct. Dutch Certif., 7911

BIRMINGHAM BANKING COMPANY. —The half-
Tearly meeting of the proprietors in this bank was on
uesday, at the Royal Hotel, in Birmingham. The report
read was anneuelly elaborate ; itsaid, inleralin, "That since
their last annual meeting a moat extraordinary and eventful
year had occurred : the effects of the great shock of 1847
continued to be seen in the decline of prices; and, by a ne-
cessary consequence, the stringent measures adopted here, in
due time injuriously affected other countriee. This,, by pro-
ducing fear and distrust at home and fluctuations abroad, by
making merchants and manufacturers suspicious of their
position, and uncertain whether thty could move at all
with a prospect of advantage, or even with safety, trade hat
declined,
declined, and, as might have been expected, the revenue
diminished with frightful rapidity. All this was bad
enough ; but on the continent of Europe, supplementary to
the consequences of deficient harvests, in which calamity
they participated with us, and to the indirect effects
of our money laws, came metal and political con-
vulsions, which shook many countries to their founda-
tions, overthrew credit, arrested the progress of
trade, and gave an effectual check both to production
and demand. And, to a greater or lees extent, this state of
thine* has continued during the last twelve months, retard-
ing that revival which is of so much consequence to all classes
and interests, bat of which there are at length happily some
indications. But besides these unfavourable circumstances,
the seed which has been en recklessly sown in the delirium
of railway speculation came to a fell and diseslous maturity
last year. Demands were made till they could no longer be
met; and nearly all the payments of calls last year (end
many of them were made by submitting to groat sacrifices)
seemed to be swallowed up and utterly lost in the insatiable
gulL Finally, panic seised the public mind ; and all parties
were at length fain to agree to a truce, and wait, as they best
might, the return of beter times, which necessitated the
abandonment of many recent nedertakings, and the post-
ponement of others. Such were some of the NUM
which operated unfavourably on the trade of the country,
and which, with the low prices of all our staple
articles, consequently diminished the returns of all
dealers in money, and affected to some extent their profits."
The report farther announced that the old banking con-
cern of Messrs. 8. Forster and See, at Walsall, had been
merged in this concern, and the statement of account
showed that after ditcharging all the current expenses, and
making an ample r.serve for bad and doubtful debts, the net
profits of the year 1848 are 84,6601. 161. 4d., which sum,
with the surplus of 1,2721. 16s. 3d., brought over from 1847,
makes a tit& of 35,9331. lls. 71. On the Ist of September,
the sum of 15,0001., was charged to this account and apps
priated to the payment of a half-yearly divideud of 10s. per
share, or at the rate of 10 per cent. per annum, and a bonus
of ss. per share, both without deduction of income-tax ; and
the directors recommended the proprietors to make a similar
appropriation at this meeting. The report was adopted, and
a dividend declared, as recommended, and the sum of 6,0001.
was carried over to the guarantee fund as recommended,
making this 65,0001.