The Express.
London, England, 1859-08-08 00:00:00

THE EXPRESS, MONDAY EVENING, AUGUST 8, 1859.

LAW INTELLIGENCE.

(TSUI DAT.)

COURT OF BANKRUPTCY.
(Hame Mr. Commissioner Fans.)
IN ZS TIM ■ttIOPOLXTAN SALOON OMNIBUS COMPANY

(LI IT D).

This vu daasilds. it the appriulmeot of a liquidator
mit Os whilirep seder no made against this coup
PIZ. Flu; ales sdishar wader the peoasediags, stated Ise
Maw t to quethal from the comet that the numb
of dam is Iles impany vas 13,0001., of 11. each. Of these
Me Waifs of 7,11119 sham concurred in the appointment of
Mr. Clem W. AMIN seracaper agent, of Finch lane, sad
ilesssasemidt. a balder at 46d shares, is liquidator. The
buissis we at preemie being mined on by the offlcial
lispdgaser under the sanction of the court; but an appoint-
Mint had beset arranged for that afternoon at which the
trade lierdieter new to be appointed would attend and
nnrsap , dispoeal the mock of omnibuses,
banes &a
. .

-What wee the calm of the company's

lir: ilea asid the ram given by the compeany was this
—Their original whew* wee to bare a considerable number
of emnibseee; they enwmansoed, however, with °angina-
!hely few ; but to awry on the business even with a law
sequired en large a semi as would here salad for more
extesdad traosections. This, by dint of a stumpage .or,
the 'poem of naming punned by the opposition moray,
and the proceeding' tans In this owl and eleewhere, the
public became alarmed, et were In some way induced sot is
inks shares ; and the result was a deficiency of capital mad
the destractien of the =gray.
The Cannholener —What wee the original number of
shwas spa wide le the sampan was formed

Mr. L. Joses—lt.erie 600,000, your Honour.
Mr. Flux pmested Lu his sweetest, edinlidng that It
might bare been the intention of the directors to extend
their capital ea oceseion required, and this might have given
ems ft,tdatiya for Mr. L. Jones'. shitentest.

---Yes. Lloyd Janes, who sold he was a bolder of five dares,
Aimed to any appointment being now made, on the ground
that the shareholders bad hod no opportunity of teeing the
etornsts for two years. He asked that the sitting should be
thinned.
Mr. Flax said that u holders of between 6,000 and 7,000
shun concurred in the appointment now proposed, be asked
that tee proceedings aboakl go on In the ordinary way.
Mr. Yining, who represented 90 shareholder', and hail
formerly *dad se solicitor to the company, denied that then
had been any refusal to render accounts. He was in favour
of the appointment of the liquidator proposed. At the nude
of the 1.•411as there had been no regd.r statement of ac-
counts skein Feb.. 1858, 011a000tint of the arbitration then going
en between the company and the London General Grannies
Company.
Mr. L. Jonensid that in reality no accounts had been
tarnished since Sept., 1867.
Mr. Flux said this was an incorrect statement.
The Conunireioner—The proper coarse is to appoint the
ligaider(r, and then let the accounts be called
for and examined. All this that I have been
listening to is perfectly useful. There is an official
liquidator appointed by the mut, to protect the
interests of the shareholder. generally; but for the
I sake of those who may desire further security the Instate
has trivet' the power of appointing a trade liquidator, which
appointment is now to be mods. Let the appointment be
made in the mama way.
The appointment woe then made, and confirmed by the
court.

THE POLICE COURTS.
(THIS DAY.)