The Express.
London, England, 1858-04-19 00:00:00

ROI AL MAIL ISTIAIf•PACIET COMPANY.

The report to be submitted at the meeting on
Wednesday, says The shareholders will remember that,
at the meeting on the 16th of July, 11867, it appeared from
the account laid before this company by the European and
Australian Company that there bad been a loss by the latter
company of 40,0001., and it was agreed between the two
companies that, in consequence of that loss and the better
financial condition of this company, • sum of 100,0001.
should be added to the capital of this company. Sinai that
time it has been ascertained that the losses of the European
and Australian Company very far exceed the sum then repre-
sented, and amount to not lees than 200,0001. The directors
felt that, under those circumstances, it would be impossible
to agree to an amalgamation except on very different
Meru from those submitted to the shareholders in July last.
It was sccordingly provided that the capital of this company
should stand, as before proposed, at the sum of 1,000,0001.,
I and that the capital of the European and Australian Com-
pany should stand at 400,0001., instead of 600,0001., including
the 200,0001., which, under the provisions of the bill, they
will be bound to pay up. In all the negotiations, however,
with the Earopesn and Australian Company, it has been dis-
tinctly stated that the proposed bill would be laid before the
proprietors of this company, and that it would be for them to
determine whether, under the altered circiumatances they
would still think the amalgamation derirable. The 'actual
lam apes Wm working, for the six months ending 31st Decem-
ber lest amounts, as nearly as me be esosrtained from the ao-
eoentealready received, to 28,2761.7a.106., *admired repairs.
The directors are not in • position to state aceurately the
result of the working since the 31st December is*, bat it
Y proper to state that they have every moon to saw* that
It will show a further lose. In the event of the two com-
panies being amalgamated, the loss upon this working will
upon the amalgamated company; but should the finial-
plastics not take piece the European and Australian Coup
piny will have to bear it. To provide for the latter contin-
gency, the directors hams obtained from the European and
Australian Company security which they believe will cover
them from any loss now incurred, or likely to arise from the
tatters working, which, under the agreement between the
two oompaniee, this company is engaged to continue for nine
months, in the event of the bill for the amalgamation being
abandoned. The directors recommend a dividend of 2/. per
share.

The year's working amounts give receipts—government
contract, 270.0001.; freight, 187,2741. oe. ltd.; passage-
mousy, 288,7281. Is. 4d. ; hire of Tamar (two voyages),
8,0731. 14a.; total, 732.0731. 18e. 3d. Disbursements,
635,0431. 7s. 2d. ; surplus, 197,0301. 9e. ld. The profit
and lons account show., by surplus (as above), 191,0301.
9e. Id. ; Winos from 1868, 42,4341. 18.4. ; interest and
discounts, 3,2921. lea 6d. ; amount of costs In " Salt v.
Acraman and Co., 1,7831.195. fld. ; total, 244,6421. 3a. 2d.
T. income-tax on profits of 1836, 17501. One year's appro-
priation to Officers A=lllllo9 Fund, 1,0001. Amount
written off value of premises at Southampton, Jamaica, St.
Thomas, Colon and Pacific Tromps Houses, 3,9841. 19e. Bd.
One sixth proportion of loss arising from sale of " Severn"
and "Great Western," in 1858, carried to general reserve
fond, 4,6741. 10e. 4d. ; amount written off value of ships for
deterioration, 157,6421. le. ad. ; amount transferred to credit
of repair renewal sooount, 67,6421. Is. 6d.; dividend declared
October 28, 30,0001.; dividend declared this din 30,00 W. ;
Wanes in (scour of the company, 38,1484 10.. 23.

THE EAST INDIA CourarrY.—On the 18th instant
the three director nominated by the Crown, viz., Lieutenant-
General Sr George Pollock, G.C.8., Mejor-General Sr
Robert John Hussy Vivian, H.C.8., and John Pollard
Willoughby, Esq., M.P., took the prescribed oath and their
seats as directors of the Beet India Company.
THE FINANCIAL STATEMENT TO-NIOHT.—As far
as we ma leant, every one seems to expect a loan ; and few
esagaine enough to expeot that it will be pcaible to
have the income tax during the present year lower than 7d.
We can eerily imagine the reluctance with which, if such
should be the case, Mr. Disraeli will approach the question,
and we admit that it will be a stern duty imposed upon
him of proposing it. There is but one feeling ea
regards the lacking fund. We doubt whether
even its author, Bir G. C. Lewis himself, would
advocate its retention nadir the meant circumateame
of the country. It was circa' in its principle, originally,
when Proposed in ISM , its inherent defect was then petaled
out, and It cannot be said to be anything like repudiation If
it Amid be now altogether abandoned. But this 1,600,0004
hems but a email part of the deficit to be 'applied ; and even
the 7d. income tax, if the Chancellor of the Exchequer should
impose it, will supply little more than an additional million.
—lronton Herald.
Taos SPEAKEE.—The Right Hon. the Speaker of
the Home of Commons gam his seventh parliamentary full
dine Maser on Saturday evenag, the 171kiast. The fol-
towbar members were present i—ne Earl of March, Lord
Burghley, Lord Lorain, Viscount Newarku Lieutenant-
Colonel Lord Adolphus Vane Tempest, C.B. the Hon.
Frederick Lygon, the Hon. Gerard Noel, the Holt. Butler
Johnston., Ltrutenant-Colonel the His. J. P. Maxwell,
C. 8., the Hon. Ralph Dutton, the Hon. Coked Dun-
tombs, the Hon. Rowland Hill, Sir Philip Orly Bgertca,
81r WSlism Fraser Sir Writs Farquhar. tirs Lord Aden- '
este, Lisnionant.COloog Pakenheas, C. 8., Colonels=
Mr. Bolt. Q.C., Mr. Bovill, Q.C., Mr. Moody, Mr.
Mr. Waddington, Mr. Tomlin, Mr. Caylay, Mr. Adams,
Mr. Arthur Mills, Mr, Berithiar., Mr. Alderman Cnbltt,
Mr. Repko, Mr. Salem Bell =sr, Mr. Horehll, Mr.
Pak Mr. Ball, the Hen. Gooey Waldegram, sad the Bey.
Henry Drury.