The Express.
London, England, 1866-04-28 00:00:00

[Left sitting.]

RING'S COUNTY.
The committee resumed their inquiry at 11
o'clock ; Mr. Stephen Cave in the chair.
Mr. Longford, Q.C., Mr. Cooke, Q.C., and Mr. O'Hara
appeared for the sitting member. Mr. O'Malley, Q.C., Mr.
Serpent Ballantine, Mr. Coffey, Q.C., Mr. Biron, and
Mr. W. Gray for the siding member.
The Chairman said with reference to the point which
had bent under consideration when they rose last night,
that they had determined that the second entry of Mi-
chael Brown's vote should be considerad sa not on the poll.
The following evidence was then given :
Richard Willis ezamined—l was deputy-sheriff at last
election for King's County, for barony of Clonliss. I
stiperinAnded the polling there. (Poll-book produced.)
I see the name of J. Healy as having been entered for King
and O'Brien. I see an entry made under the bead of
" Observations." I made the entry. The voter came up.
Mr.O'Malley objected to the vote being dealt with, no list
having been furnished.

Tl4.cominittee said they would hear the facts before
deciding on the objection.
Examination continued—James Nerdy, when asked who
he vot id for, said " King and Hennessy?' I repeated the
words to the poll clerk ; and I saw him record the vote for
King and O'Brien. I sa,d, "That is wrong," and Sir Patrick
O'Brien, who was pre-ent, said, " Oh, that is all very
weg." Sir Patrick preventid me correcting the matter
then. I -ent for the sheriff or his asse7sor, but neither
was to be found. I then made the entry, " This vote
given in error."

[Left sitting.]

HOLDERS OF SPANISH CERTIFICATES.
(THIS DAY.)

A meeting of holders of the Spanish Certificates
was held at noon, at the London Tavern, Mr. D. ROBERT-
SON, M.P., in the chair, " to consider the exped;ency of
requesting the committee of the Stock Exch.rnge to open
the market for the nevtia:..on of Spanish securities."

The CHAIRMAI: commenced by expressing his deep con-
cern at the unavoidgile absence of many bondholders of
the Jewi h no :minion in consequence of the day being
Saturday. Yesterday week a Spanish gentleman called upon
him. he said, and told h'm that the Spanish government
were determined to settle th's debt ; but that Spanish
pride would prevent such a settlement until the Stock
Exchange had opened their doors. After this interview
he consulted several members of the Spanish committee
with • view to the meeting, and it was found that for
various reasons Saturd .y was the first and only day on
which it was practicable to hold a meeting. In such a
matter delay was a great evil, and a telegram just received
from Madrid showed the necessity of acting at once.
Never did he feel greater pride than at that
moment, when, after the exertions of many years, he saw a
pro-pect of the object of those exertions being aciasm-
plished. There were several parties who stood in the way
of a settlement. Among these were certain great houses
which had been accustomed to make a large profit by the
present state of things, and the great financial corn-
, ponies, who wanted a large percentage. Having been
I • Spanish bondholder for five-and-thirty years, be had
always felt satisfied that • day would come when the
debt would be settled, knowing the honour and integrity of
the Spanish nation. (Laughter.) •He repeated the words,
" the honour and integrity of the Spanish nation."
(" Hear, hear." and renewed laughter.) O'Donnell and
Narvaez had both said to him again and again, " You are
I:ght in your demand, but you wilt never get the debt
settled till the ban of the Stock Exchange is removed."
They all knew how ready the British House of Commons
was to set up its back when it felt itself aggrieved ;
and, on the other hand, he believed Spain never had a
better finance minister than M. Martinez. He then referred
to the attempts made some years ago to get the debt set-
tled by the payment of 20/. for every 103/. ; and, after say-
ing that he himself fully determined at that period not to
accept less than 25/., he read a recent communication to the
Spanish Cortesby the Spanish Finance Minister to the effect
that .h-re should he a settlement of the debt, provided
the English Stock Exchange did away with the exclusion.
He (the Chairman) admitted that they owed a deep debt of
gratitude to the Committee ofd the Stock Exchange ; but
he hoped they would con ant to regard this question not
simply as one of justice, but as also one of expediency.
Even if the pa.sing of a resolution requesting the opening
of the Stock Exchange was not attended with success. they
would be in no worse position than they were before
The Finance Minister of Spain asked them to give I
the power of settling the d ht ; and he (the Chairman) re-
peated that nothing in the world would induce him to
consent to any settle nent which did not involve the
pay.arnt of tig. for every 1001. of bonds. He then moved
the follossingresolution,observing that the Spanish Finance
minister was waiting at that moment to hear the re-sult:—
" Resolved that this meeting having heard the statement
made by its Chairman, and 'eerie." the advice tendered by
him for its tuloption—having heard also the letter of Mr.
Bell, who was appointed on the Bth of December last the
commise.hrrr at Madrid, receives with great satisfaction
the assurance and pledge of the Finance Minister of Spain,
and most co'slially accepts his solemn declaration
of the inte.ition to settle this long-pending ques-
tion on terms satisfactory to those interested, and,
desiring to give a new and substantial proof of their con-
fidence in the Spanish nation, hereby withdraws all opposi-
tion to the opening of the quotation of new Spanish secu-
rities ; and that this resolution be communicates' by its
Chairman, by telegram and letter, to the Finance Minis-
ter of Spain, and also to the committee of the Stock Ex-
I change."
The CHAIRMAN added that Mr. Caned, who was ablent,
was in favour of the resolution, and that Kr Fitzroy Kelly,
who was a large certificate holder,badauthorised him to tell
the meeting that he would strongly recommend them to
adopt his proposal. He was convinced that if the question
were not settled now the youngest man among them would
not see the settlement of it.
The letter of Mr. Bell, referred to in the resolution,

having been read to the meeting,
Mr. MILNE HOME seconded the resolution, remarking
that he was not at all surprised that the Spanish govern-
ment and Cor'..ci would not settle the question until the
stigma of which they compla'oed, and which had branded
them in all the capitals of Europe as dishonest, had been
removed. (Hear, hear.) It was at the instance of the
bondholders that that stigma was imposed, and at their
instance it should now be done away with. (Cheers.)
Mr. GERSTENBERG said he rose to move an amendment.
The meeting bad no actual proposal before it for a settle-
ment, and, for aught they could tell, they might be
offered some Spanish castles for their bonds. (Laughter.)
The CHAIRMAN observed that the resolution spoke of
the payment of 2.5/. and &deed that a second resolution
set forth the terms of settlement distinctly.
Mr. GR.ITENBERG was proceeding to refer to the state
of the question some years ago, when
The CHAIRMAN protested against such an allusion as
irregular.
Mr. GERRTENBERG then contended that by doing what
they were asked to do the bondholders would give up their
only protection. The law of the Stock Exchange on this
subject did not apply to Spain only, it was a general law.
and he maintained that it was against the interests of
the bondholders that it should be abrogated. It was con-
trary to their dignity and honour to submit to such a con-
dition on the part of any government. If they submitted
to this demand on the part of the Spanish government,
they would be made to eat the leek again. What did Lord
Clarendon say to this proposal
The CHAIRMAN—He approves of it. (Cheers.) I agree
with all that Mr. Gerstenberg says about honour; but
even the Duke of Wellington and Sir Robert Peel yielded
I on the ground of expediency.
Mr. GERRTENBERO moved an amendment making the
opening of the Stock Exchange dependent on the actual
settlement of the Spanish debt.
Mr. MoxoN seconeed the amendment, and contended
that the proposed step would be an encouragement to
other governments besides that of Spain to repudiate their
debts. Three times had Spain robbed this country to the
extent of 70 or 80 millions. (A Voice : They want to pay.)
(Hear, hear.) If the bondholders wanted their throats to
be cut, the sooner they laid their heads down for that pur
pose the better. (Laughter.)
A BoNDnoi.nee was surprised that under such circam-
tances Mr. Moxon should be a holder of Spanish Certiti-
sates. (Hear, hear.)
Mr. VII.LEBOISNET doubted the disposition of the Cortes
to settle the debt, and thought it could only be settled by
a royal decree issued in the recess.
Mr. J. J. ELLis said he had recently had interviews at
Madrid, not only with the Spanish Finance Minister, but
also with several members of the Cortes, who told him
that there was a strong feeling in the Cortes in favour of
the proposed settlement, and it was his belief that if the
resolution was passed the debt would be settled. (Hear,
hear.)
After some remarks from the CHAIRMAN in reply,
Mr. L. HAZLEWOOP said he had recently learnt at Madrid
that the Spanish cabinet was unanimously in favour of the
proposed settlement, and that they had a majority of
three to one in the Cortes.
After some further discussion, the proposal of the Chair-
man was adopted by the meeting.

The Prince and Princess of Wales are expected
to return to Sandringham in June or July, to witness a
great cricket match, which is to be played in Sandringham
Park, and for which the greatest efforts are being made to
prepare the ground in front of Park aomie, Gen. Knollys's
residence.
The death is announced at Livonia, on the 12th
inst., of Count Moltke, who was Miniler of State in Den-
mark from the death of Christian 111. to 1848, minister for
Holstein in 1851, and for Schleswig from 1852 to 1854.

MONEY MARKET.---(THIS DAY.)

ONZ O'CLOCK.
The stock and share markets are flat to-day,
and the general course of prices is unfavourable.
Consols have receded k to I per cent. Foreign
stocks are heavy, especially Italian Bonds of 18451,
which have fallen per cent. consequent upon the
unsatisfactory tenor of the news from abroad. The
shares

of several of the financial companies are also
lower, the chief decline being in General Credit.
British railways show comparative steadiness.
The demand for money is moderate to-day, and
the supply larger. The rate for the beat paper is
51g to 6 per cent.

Consols are now quoted 861 to i for money, and
861 to i for the account (May 9).
Foreign stocks are flat, and prices have again
given way. Italian Bonds of 1861 continue promi-
nently heavy, and have expereinced a fresh fall of
11 per cent. Spanish Passive and Certificates have
also declined i ; Brazilian scrip, 1; and Turkish of
1865 and Mexican, 1. The prices aru as follows:
—Greek, 121 to 13 ; Mexican, 20 to 1 ; Spanish
Passive, 25i ton ; ditto Certificates, 151 to i ;
Turkish, 1862, 65 to 66/ ; ditto, 1865, 331 to i ;
Brazilian scrip, 3} to 2,1 dis., ex div. ; and Italian,
1861, 49 to 1.

American securities are rather lower. 5-20 Bonds
are now quoted 691 to 70 ; Erie Railway shares,
51; to 52; ; and Illinois Central, 791 to 801.
International Financial shares are now quoted
Ito dia. ; General Credit, ; to din. ;
London Financial, 41 to dis. ; Imperial
Mercantile, 4} to 4 dis. ; Credit Foncier and
Mobilier, par to a prem., ex div.; Overend,
Gurney, and Company, to dis. ; and National
Discount, ai to prem.

Two o'CLocic.
Console are flat, at 86i to g for money, and 862
for the a 7.ount.

It is stated that the Austrian government have
drawn on Paris for an advance of about one million
sterling, lately made to them, and hence the fall in
the Austrian exchange.
An instalment of 15 per cent., making 50 per
cent. paid, falls due on the Ist of May on the
Egyptian Government Railways Loan, a large por-
tion of which, however, has been paid up in full.
About 15,0001. in gold was withdrawn from the
Bank yesterday for exportation.
The foreign exchanges showed no variation of
importance yesterday, but the rates for bills on
Italy wore again slightly higher.
The weekly return of the Bank of France shows
the following changes

Coin and bullion lncrease £288,000
Bills discounted
Government deposits lncrease 570,000
Notes in circulation
Private deposits
Advances
The bills discounted have increased, but so have
e coin and ludlion, thus this return cannot be
considered an unfavourable one.

At Paris the rate of discount in the open market
is 3,1 per cent. ; Hamburg, Turin, and Berlin, 6 ;
Vienna and Amsterdam, 6.1 ; Frankfort, 41 ; Brus-
. ;Is 4 ; and St. Petersburg, 6-1 per cent.
it the meeting yesterday of the Ottoman
(Smyrna to Aidin) Railway Company, it was an-
nounced that the directors are no: in a position to
pay off the bonds which fall due on the Ist of May,
and is was accordingly resolved to renew them for
a period of twelve months, at 10 per cent. per
annum interest, instead of 6, ashi;lierto.
The th;ril annual meeting o" the Imperial Otto-
man Dank will be held on the 27th June, at the
London Tavern, "to receive a report from the
c»oloittee, with the accounts for the calendar
year ending December 31, 1865, and to declare a
dividend on the old shams (the new shares only
.wing entitled to participate in the profits accruing
t') the bank from the IstJanuary, 1866, agreeably
t'..) the resolution o 7 29th November, 1865, which
created them)."
A petition :or the winding-up of the Railway
Finance Company (Limited) by the Court of Chan-
cery is to be heard before Vice-Chancellor Wood
on the 6th of May.
Mr. John Parson, chairman of the Metropolitan
Railway, has joined the direction of the Metropo-
litan and Provincial Bank (Limited).
The first drawing for the redemption of the Vice
roy of Egypt a mortgage loan took place yesterday
at the offices of the Anglo-Egyptian Bank (Limited),
in the presence of Mr. J. W. Larking (representa-
tive in London of his Highness the Viceroy of
Egypt), and of Mr. W. W. Venn, notary public.
A branch of the London Joint Stock Bank will
be open_d at 124, Chancery-lane, on the Ist May.
We are informed that Mr. E. Pullein has retired
from the firm of Harding, Pullein, Whinney, and
Gibbons, the accountants, and that the style of the
firm will in future be Harding, Whinney, Gibbons,
and Co.
The Emigration Co-unissioners will receive ten-
ders on the 3rd of May for the hire of a ship to
carry passengers to Adelaide, South Australia.

[For Mines, Share Lies, and Commercial Intelligence,
see page B.]

The second courersazione for the present season
of the president of the Royal Society will take place, at
Burlington-house, this evening (Saturday).
The May exhibition of flowers at the Royal Hor-
ticultural Society will n.ke place on Thursday, next week,
May i.
Mr. Beresford Hope, president of the Architec-
tural Exhibition Society, has issued cards for an evening
reception on Tuesday next, May 1.
A public meeting in support of the Association
for the Blind will be held in St. James's-hall, May 15.
The Archbishop of York will preside, and many of Miss
Gilbert's influential friends will address the meeting. A
stall will be furnished with the works of the blind, and the
articles sold for the benefit of the institution.
There is to be a festival at Hanover in
when Hadyn's Seasons, Handers Cecilian Ode and Halle-
lujah, and Beethoven's Choral Symphony will be performed.
To-day (Saturday) the private view of the Exhi-
bition of the Society of Painters in Water-Colours took
place ; on Monday the Gallery will be opened to the public.
The private view of French and Flemish pictures
(French Exhibition) will take place at 120, Pall-mall, on
the sth of May ; the Gallery will be opened to the public
on the 7th of that month.
Fraulein Mehlig is announced to play-at the
Philharmonic Concert of Monday next.
Mr. W. Cusins promises a new pianoforte con-
certo for his own concert.
We (Army and Nary Gazette) regret to hear that
Mr. E. J. Reed, the Chief Constructor of the Navy, has
undergone a very painful operation, and is now in the Isle
of Wight, with a view of recruiting his health.
The Army and Nary Gazette states that the Ad-
miralty have resolved to have a powerful armour plated
ship permanently stationed at Queenstown, and their
lordships have decided that Rear-Admiral Frederick shall
transfer his flag from the Hastings to the Black Prince,
the crew of the former being turned over to the latter.
The Hastings, until further orders, will also remain at
Queenstown.
The Star understands that Mr. Lefevre, the
member for Reading, is about to accept office as one of the
Lords of the Admiralty, and that it is not improbable that
anew writ for that borough will be moved on Monday or
Tuesday next.
SUDDEN DEATH OF LADY KNIGHT BRUCE.
Yesterday (Friday) afternoon, about 4 o'clock, Lady
Knight Bruce, wife of Lord Justice Knight Bruce, while
in the shop of Mr. Peter Robinson, silk mercer, 257,
Regent-street, was taken suddenly ill, it is supposed, with
a fit. Dr. Tucker, of Great Marlborough-street, and Dr.
McOscar, of Argyle-street, were immediately sent for, and
promptly attended ; but on their arrival her ladyship had
ceased to exist. In the course of the evening the body of
her ladyship wus removed to the residence of his lord-
ship, Roehampton Priory, Surrey.