The Express.
London, England, 1865-03-16 00:00:00

BANE OF ENGLAND.-(THIS DAY.)
--e-

A general oottrt of the governor and company
of the Bank of England was held at the Bank at noon,
"to consider of a dividend." The chair was taken by Mr.
HOLLASD, deputy governor, in the absence of the governor,
Mr. Kirkman Hodgson, who was prevented from attending
*ill health.
The CHAIRMAN rid—l have to acquaint the court that
• this is one of the half-yearly general courts appointed by
the 12th bye law for the making of dividends ; that the net
profits of the bait-year ending the 28th February last were
807,3171. 13s. 2a., making the amount of rest on that day
3,830,064/. 7s. lid., and that after providing a dividend
of Si. 10s. per cent. the rest would be 3,029,6691. Ts. 101
The court of directors, therefore, propose, " That a half-
's/Ws dividend of interest sad profits be made on the sth
of April next of U. 10s. per cent., without deduction on
account of income tax."
The motion was agreed to, and it was aanounced that a
dividend would be payable on Thursday, the oth of April.
Mr. CLARKE moved • vote of thanks to the governor,
deputy-governor, and the directors, and in doing no I:-
praised hie regret at the indisposition of the governor.
The motion having been seconded,
Mr. POOLE said he wished to call attention to • loan
which had been recently made to the Bank of Spain, and in
reality to the government of Spain. He believed that
• that loan was made by some well-known commercial
herr, • partner in one of which was a director of that
laritutioci, and he hoped the chairman would be
able to tell them that the Bank directors as
• body did nut approve of inch conduct. Most
of she proprietors most be aware of the comae
pursued by the Stock Exchange committee to-
wards the Spanish government in consequence of its con-
duct with respect to the Passive Bonds and Certificates. A
rule was passed that no dealings should be allowed
in any new stook issued by • foreign country which
bad not kept faith with its creditors with regard
to the payment of interest ; and it had also
been determined that if any public company should contra-
vene, directly or indirectly, the spirit of that rale, its name
should be sunlit off the official list of the Stock Exchange.
That was the severest punishment the committee could pos-
sibly inflict. It was the only way off puttiog • pressure
on Spoon with regard to the money which was due from
her; and if it went forth to the world that • director
of the Bank of England bad been conoeroed in
. the lending of money to the Spanish government,
the Spanish nation would believe that the loan was made
by the Bank of England, and would say that the institution
which governed the commerce of this metropolis was at
lone with the Stock Exehaoge Committee on that subject.
. He hoped, therefore, that some explanation would be given
from the chair.
Alderman SaLOYONS said he did not know to what
transaction the hr. proprietor alluded, but he thought that
such an important question, involving censure on a director
of the tank, ought not to have been introduced without
notice. He considered it desirable that there should be
nothing to weaken the expression of approval of the manner
in which the bank had been conducted during the last half
year. So long as the Bank of England was well moored they
. need be afraid of a panic, &tidbit believed everybody felt
that the course lately pursued by the directors amid the '
commercial disasters of the last few months bad been a
greet element of safety, and an excellent example to other
bodies. (Hear, beer.)
Mr. JLEICE MCRAE observed that the question intro-
duced by Mr. Poole was raised at the last meeting. In
his opiniou, when gentlemen were concerned in loan trans-
. Nations which were condemoed by the commercial world,
they ought not to remain in the direction of the Bank, thus
bringing • stigma on the whole court. (Hear, hear.)
The Chateaux said he had no hesitation in assuring the
Prot:orris that the bank directors as a body had nothing
to de 'with the traasaetiou which had been referred to.
(Rear.) That be could state in the most positive manner.
The motion was then carried unanimously, and them*
• bff serrated.

FALL OF A PAm MILL AND LOS'S OF Lin.—
We Iwo, from oor Greesocic oorrespowdent, that cm Tom-
' !ley oftersoms, the three doom of the Overton Paper•ralll
t# with a terrine wish. The two lower floors WWII Idled
with maohieery, sod the upper woe owed sea Moro, mad all
fell, Wow* the wajo and rod etiodim A shi who bed
been in the mill at the time of lbw ow:idlest wee crashed to
deatb.—Searnen.