The Express.
London, England, 1858-01-28 00:00:00

THE EXPRESS, THURSDAY EVENING, JANUARY 28, 1858.

LIST MLA COMPANT.-(THIS DAT.)

The debate on the motion of Mr. Craerehay, rela-
tive to the proposed change in the government at India, wee
wowed this mondeg for the fourth ilaes ; Mr. Y•xOLss
IILP., ta the &Mr.
I. Burma rimmed the debate. He repelled that the
employ bed act wade the Bible • cues-book la the
Wks easels, ma that the company's tomato had
am enesersead the spread of Christianity as they
weld b love dean He Impressed his opinion, after many
yea reeldanes M India, that the government of the Best
Inds Company bed bus toneftelel to that country. He re-
hived to the improved slate of the natives, and also the
mastry, the construction of roads mule, dc. He dr-
eaded the paucities of the company spinet that of bar
Marty's government, sad comeestsd It with the rasa ap-
pointment of Lied George Piga es Sweetest of earehy.
He b.spsd the peaks would be adopted se the pebbles of the
proprietors. (Hoar, bear.) Hs was at aUm for words to
endlciently denounce the governaasat propodtkia of thane,
as one fraught with the melee& passible danger to the tree
Storms of the natives of India.

---
Mr. Yemen,* (a dir7rd said that the East India Com-
=had never Minoan the spread of Christianity in
ThWr reason or not urging 4t so forci-
bly as nosy possibly wished was that they wanted
to azioad to the Mimi the same religious toleration
that was 'Omit by European Christians, and also
sat of raped to their religious prejudices. (Hear, hear.)
Os the day of humiliation the sermons of all the
=thein the metropo attributed the outbreak In
metropolis attributed
neglect of the company In encouraging the
speed of Christianity, in coniequanoe of the as-
espilea of • circular from the Church Missionary
doeiely to that effect—a society that had been especially
favoured by the company in India—but he had reason to
bow the bishops In India disapproved of it, because
they weld sat agree to its contents. He contended
the aa.pay lad done all they could to develop the re-
ammo of w country and enhance the happiness and cons-
Sart cif the natives. He urged that the company was
a respereide body— responeible to parliament, and also to
the people of England and ladle through the prow. He
thaw the blame of the Mikan war on her Majesty's
griermast.
Mr. Warn, M.P., sqlreseed his approval of the nada-
ties. (Hear, hem.)
The Czareasa meat saldmired the westing. He a-
=ids twit that ppeemanalia led net ht prow
bed eseeddes Weft Ibit ladle gorern-
mot IssihnsiFisr a damp. Maw, hear.) It
was to be arras had bees esowitted, but
be Meek web weall be hind to be
ber, the
law wade of Mr. Mille, the hielarba
of fatly' It weedd b. "that se goveemeat bed ever
wealboted awe didaterested bessedoses w sa eased
duke to improve the awake of its walteele," this hid the
East Leas go semen. He always smoldered that to
bibs well two points were asesseary ; fink that
salhosity &said be in the impeded govanumwt,
astl, that there 11111411 bees at body old-
viewesot to partym teaboibetwess
the labia awl the hempellikal
sad hebay
se boar bay possibly is be fir that pur-
pose that weld =pro the pewit herd.
The end was peonies when sew men

LONDON, 3110H70N, AND SOUTH COAST
itAILWAY.-(TEIS DAY.)

The afternoon the usual half-yearly meeting of I
tie of the above railway was held at the Bodge-
nonBWl, Bang!' Kr. Lao. Begonia, chairman of
the hoard of directors, in the chair.
The report hr already been published in the Brpreu.
The act amain at the credit of revenue account, after pro-
vidiog for prefernnal dorm, was 165,3911., out of
which the dlre recommended- a dividend of 31 per cent.
for the half-year, amounting to! 1616494, having 3,7424
to be carried to the next account. This would make the
dividend for the year 1867 amount to 6 per
_cent.
The CH•1114•14, in moving the aod non of the report,
observed that the capital of the oniony wee peony nigh
exhausted, and the directors had bus compelled to have
recourse to soapier account, to provide far work which
could no keeper be delayed. The directors were re.
solved to inane the most rigid econny in
their expeniture on capital acoonnt, but in order
to maintain the Brighton system of ridlways it was
ebsohitely neeemery that additions should be made to the
breach= and stations. Notwithstanding the commer-
cial aide the maximum interest paid upon debentures
dining the led belf-year had not exceeded 6 per cent.
At present the average Wend cm their debenture bonds was
la. per oint. per annum, jut b. per east. more than the
sleeps toned paid this time lent yew. The directors
• honed at no SIONI distance of dm* to be
able le coned the whole el their debenture
debt Into t tour per ont.eanuities, and there could
be me iembt that such • step would greatly improve the ordi-
nary stock of the company. The revenue account this half-
year showed a falling off in the traffic, a competed
with the oorresponduir half of 1866. The falling
off, however, woe not in the ordinary traffics,
but in the grersordinary traffic which arose out
of the Crimes wet. For ladance, in the
coach
i
ilepertment Portiemeuth, there was a reduction of
12,000 L k the year, and in military stores of between 2,0001.
and 3,0001. bet that was exceptionable traffic ; the ordinary
nets to Portsmouth had Increased and if the con
prima was made between the ordinary traffic of the
Nat year, and that of 1866, It would be found that there had
ban en increase of 20,0001, (Hear, hear.) The goods trifle
W remised elatiockery, • result which he attributed to
the enspenien of building operations in the South
coed anion The ordinary expenditure we also the mme
led peer em it was in 1856, but there was an hicreue
dr charges for rates and taxes. (Hear.) The dividend
be declared to-day would absorb worst laR near 160,0001. •
the nes and taxes of the year amounted ,0001., a pron.;
bete per esegege upon the entire prod% of the coma%
(Hier, bear.) The chairman then adverted to the
Peel=eibenee, which ho theUred wen got up
parties for the purpose of coercing
:reer this company or the London and South-
Winos amewy ; but he did ad believe parliament
wish! kid to mishap tine parties to make out-
ef-lhenay set far the bin& of the public, bat to add
to their own vldieel wealth b forcing either this company
et the ink Wales to Mete mammas at large
ereninma Maw km.) The direekee would oak the ap-
pend et ihe weetetwe the Mope they were taking to oppose
tine enema ( besz.) H had now to ad-
vert be the Pimlico iweeioa of the Weed sod
Crystal Pekoe Ike. The directore were aupportime
that wasime, lesseee it week give this com_puy what it
awe wented ireasig, • Wes-end Motion. The extend=
woad Nesseemedete • district containing a porde-
lima of over three milli:a; and there could be
se getneen abed It that it would • most profitable
aiter se was clearly by the fact
that the urbern Voile of nig had during the
het aim rem kewered shed 11/4 . This company
itessolieep mind kis ea ernieguesut with the pro-
mising gt the ?Wks shiseieu kw workbag It on moat
Una (Herr.)
the depelreinnmen. mamba der mass for
the adef et the meet
omeali armed es as tumednitel the ankeket of
fhe pet et the report wide velum le • prepaid he wearing
• Ike tom illerehan to Horde= et ea expos el
11401111. thegueued got the knell= themeives sink-
tad the6l6 weed& aim per.
Mr. Ammo sesookei the reterkeni, whet able deep-
rteevem nresh vml el the Amine enlendes, de met et while bid been
dereetanded.
The made( wee preeesdbg when our report lA. The
peeplum'ns. ealwelims gromield to gin ries to • hag dis-
ow

One of the most clistingaiahed guests and one of
the West arrivals at the brilliant ball phis by Lord Bloom-
field at Borth' on Monday night, was Bane you Humboldt,
sow Is Ids 90th year, but still fresh is latelleetuid and con-
mendleselposems, and in his relish for the pleasures deociaty.
Hs allows trays a oornspoodent) witbor his advancod age
nor Ids poet acquirements and world-wide fame to entitle
him to any dleponsattori unto the minutest sad most 'cra-
pulous ottimilles to etiquette and costume; he willingly
cabarets& to assume his chamberlain's cabins sod
nomneres mien, with all the careful attrition to exterior
Woke Os mast youth's' sad modest 'spirant to emit
Lees. The basl6, however, eve frequent works' of
.made— Wide Meade sad admirers, though he rallies
from eseh Week wed iseprlelegly rapidly ; it wee osly
Mende, afternoon that the Ling and Queen drove Into Ber-
lin on purpose to Inquire miter Ms health, and in the seeming
he was at Lord Bloomfield's ball.

We ( Galsynewi) have received accounts from
Tama to the 12th alt. At that dew Mr. Murray, the
Emile there d affthee to Pavia, had •thiw domprouely
ill, sod hie Mete owed considerable easeigem. The Shah
had emit several dome to wake inquiries egamming
Fns Mix Dsownsp IN TU NillseT.—On
Tray four rialto; got late a men Mee at the
Limpid it the gmyeeeel prowelleg with
metes he the Caa., bft at latakor between New
Brigham mg thgreaseaL A Weide gels was Maytag et
the Mew hem the south-oest ; eat as the with awl tide were
lesetleg awe ether, • hem we raw, vp the dyer.
Upon gyergeg late dr Waft I the Ileum dialed wee wed.
=ignowt, eat hr mew we ems tre a sheet time mks-
be mateleis a bead of the wean waft, width wee
theft hells gime& The moideth wee well mesel b
the crew et the strew dower Isthrklytog ism hr, se
watt as hE the ma beireitag to the lock Flay slawair
Ant, theTteeemee beet Cato, sad atetie-eag ether Kim
Ith•beeye were thrown from the mil eteorve te the
drowsing as; bat, wigs te the reughswe at the Aver, the
yew hilewevieemalie he am bell d the yeseerwes, sat
la *deed gm they theeppowth wltrrt WI arm et Me
Was were loweeleg a lad kr the gums et mole& If pup-
al% the trewsiag dam, the hethowelge mite Nth ewe.
beiwb est widnalivaill

MONEY MdREE2-2HIB lidY.

REDUCTION IN THE BANK RATE OF
DISCOUNT.

Two o'G'Looi.

The Directors of the Bank of England have this
morning reduced the minimum rate of &mount
from 6 to 4 per cent.
The announcement was fully anticipated, and
exercised little influence upon the funds. Consols tem-
porarily attained an allowance of I per cent., but
within the last ten minutes some degree of flatness
has supervened, and prices are now quoted per cent.
lower than they closed yesterday. The market for
British and Indian railway shares is decidedly
buoyant to-day. . .

Consols for money and the 4th of February have
been dealt in from9sl t 0951. and are now quoted 951
to 1. The Three per Cent. Reduced have been dealt
in at 951 to 1; the New Three per Cents., at 95/
to ; the New Two-and-a-Half per Cents., at
791; Bank Stock, at 228; India Stock, at 222
and 218; Exchequer Bills, at 20s. to 235. prem., 11
Exchequer Bonds, 1858 and 1869, at 99/ to 1001;
and India Bonds at 15s. to 184. prem.
Turkiah Six per Cents. have advanced to 981 to
99. The Guaranteed Four per Cents. are also
in demand. In other foreign stocks business has
been limited. Sales are recorded as follows :
Brasilian Old Five per Cents., at 1021; ditto, Four-
and-a-Half per Cents., at 98 to 1; Buenos Ayres
Bonds, at 98. Dutch Two-and-a-Half per Cents.,
at 851 (exchange 12fi.); Grenada Active Bonds, at
20; Peruvian Foar-and-a-Half per Cents., at 79;
Portuguese Three psi Cents., 1853, at 441;
Sardinian Five per Cents., at 891; Turkish Six per
Cents, at 981 to f; ditto Guaranteed Four per
Cents., at 1051 and 106.
At Paris to-day (Thursday) according to Mr.
Renter's telegram, the Three per Cent. Rentee
opened at 89fr. 15c. for the account, showing a fall
of about I per cent.
Assuming that the " reserve " of notes and coin
has experienced the increase usual of late—and it is
notorious that the demand at the Bank has exhibited
no revival whatever—it is estimated that the total
reserve must now approach ten millions. As regards
the coin and bullion, fifteen millions and a quarter is
computed to be now accumulated.
The amount of gold sent into the Bank yesterday
was about 11,0001. On Tuesday a small quantity of
isovereigns was sent in from Scotland.

In the discount market the demand was yesterday
inactive. Good bills are freely negotiated at 31 per
cent., and numerous transactions take place u low
as three per cent. Holders of money evince increas-
ing eagerness to employ it at very moderate rates in
loans upon all eligible descriptions of stocks and
shares. Banks and other establishments desirous of
lending money upon Consols cannot obtain more than
two per cent. for it.

The London and Westminster Bank have an-
nounced a fresh reduction of one per cent. in the
rates allowed for deposits. The rates are fixed
until further notice at two per cent. per annum for
sums of 6001. and upwards, and one per cent. for
smaller amounts.

Advice. are shortly expected to reach London by
telegraph announcing the arrival of the steamer
European at Suez from Australia. As the accounts
which reached London early in the present month
stated that the ships Blackwell, Donald M'Key, and
Guy Mannering were fixed to leave Melbourne in
November, and the Kent and Shaftesbury early in
December, the intelligence by the European will
probably mention the shipment of a large quantity
'of gold, in addition to the 712,0001. already known
Ito be actually at sea.
In the Bankruptcy Court yesterday a person named
Ellison, described as a warehouseman, had his certi-
ficate suspended for twelve months, without protec-
tion for six months. His offence was commencing
and carrying ou business without capital. Mr.
Commissioner Goulburn's judgment in this case en-
foroed sound principles of commercial morality.
With reference to the approaching conversion of
the Buenos Ayres debt, we have the best authority
for stating that the amount of New Three per Cent.
Deferred Stock granted by the Buenos Ayres go.
vernment in exchange for the coupons overdue on
each original bond of 5001., is 8401., viz., 56 coupons
of 151. each. The ckuestion of remuneration to the
Committee of Spanish American Bondholders, and
to other parties, for their services, is, properly,
independent of the arrangement made by the Buenos
Ayres government, and is open to the liberality of
the bondholders.

The Great Northern Railway traffle return pre-
sents this week an increase of 2,2011. ; the London
and North Western a decrease of 4,4811. ; the Great
Western an increase of 2,1821. ; and the London and
South Western an increase of 8171.

We understand that Messrs. Currie and Co., the
bankers, capon balancing their books at the close of
the year, have presented the handsome gratuity of
110 per cent. upon the amount of their salaries to the
employes in their establishment. The fact is deserving
of mention, both as redounding to the credit of the
firm, and as an example to other establishments.
During the past autumn all persons engaged in
banking business have been subjected to an unusual
of labour and anxiety, and it is but reason-
catfelove that they should receive some substantial
acknowledgment of their services. As a rule,
bankers' clerks are insufficiently remunerated, con-
sidering the arduous nature of the duties frequently
required from them.
Yesterday was " making-up day "in the railway
share market. The settlement indicates that the public
continue to invest in railway stocks to a fair extent.
Added to this, large amounts of stock are passing
into the names of banks and money lenders. Con-
sequently the rates of " continuation" were generally
rather lower than those current at recent settlements.
The following shows the terms quoted in the majority
of instances, viz. :

London and North Western from Ito 1 per oat.
.. oat-
nuation.
Great Western to ftf ditto
Midland „ tto 1 ditto
Lanouhlre and Yorkaldne • o 16 to I ditto
South &steno -16 to i per awe, ditto
Orost Northern
toal
to per asst., ditto.
Caledonians
York and North Midland . „ to per sham, ditto
Landon and South-Weida; ~ to i per gars, ditto
Eastern Counties , to 1.. pa share, ditto
Great Western of Canada
abat ditto
Grand Trunk of Canada

The meeting. of the creditors of Messrs. Bischoff,
Beer, and Co., in the East India trade, who stopped
payment on the 28th of Nor., was held yea y.
The statement preented by Mr.Weise, the accountant
(of the firm of J. E. Coleman and Co.), states the
liabilities at 34,7141., and the assets at 14,4081.,
showing a deficiency of 20,3061. The Arm, it was
mentioned, bad three establishments—one in Lon-
don, a second in Switzerland, and another in Cal-
cutta; and the bulk of the aiseta will be realised
front the latter, provi3ed sufficient time is allowed.
The assets consist principally of merchandise, which
will be sold for the benefit of the creditors in this
country. In reply to a question, it transpired that
the London house had commenced human without
capital ; but the chairman explained that this was
accounted for by the fact that the London house was
only an agency for the chief establishment in Birk-
am land. After some farther discussion it was re-
solved to accept a composition of 7s. 6d. in the
pound, payable as follows, viz. :-2a. in two months,
2s, in fire months, 2e. in eight months, and Is. 6sl.
in ten months, the latter to be bemired.

Wssesaav Bsarors.
The funds to-day recovered boa yesterday's de-
pression. The closing quotations were per ant.
above those of yesterday. Great 'upped is oakt
zany liaised trees the elate of the looney market.
The SUM digertarde of tie 56mil. Bathipire

were also firmer, but the actual improvement in
prices was principally confined to English railway
shares, the market for which is stimulated by the
facility of obtaining loans. Each succeuive settle-
ment, consequently, is no longer looked forward to
with dread by the speculators for the rise, who a
month or two ago were compelled to pay such one-
rous rates.

Consols, which closed yesterday at 941 to 95 for
money and the 4th February, opened this morning
at the same quotation, and closed at 951 to 4. For
the 401 of March the ]sat price was 951 to 1 The
official business report is am follows —Three per
Cent. Console, for money, 94j, 951, 95, 951, 951, 951,
961; ditto, for account (4th Feb.), 96, 954; Three
per Cents. Reduced, 95, 96k, 951, 951 ; New Three
per Cents., 951, 1,4, 1,1, 1,1; Long Annuities,
expiring in Jan., 1860 2 1-16 ; Bank Stock, 224,
226 •, India Stock, 220, 219 ; Three-and-a-Half
per Cent. Exchequer Bonds, falling payable in 1868,
100, 1001; ditto, 1839, 991, 1004;
Exchequer Bills rose Is., closing at 20s. to 235.
prem. India Bonds were dealt in at 15s. to 17s.
prem. Exchequer Bonds continue in demand, and
are again dearer.
Turkish Six per Cents. were rather firmer to-day,
closing at 981 to 1 for money, and 984 to for the
new account, which is fixed for the 12th February.
The Guaranteed Four per Cents, rose Iper cent.,
closing at 1044 to 51. Russian and Sardinian
Bonds, and Spanish Old Three per Cents., met
with some inquiry.
Bank shares to-day were firm, with a fair amount
of business. The shares of the London Joint Stook
Bank and London and County Bank were in demand.
Those of the National Discount Company were firmer.
Victoria Dock stock advanced 11. London General
Omnibus shares have improved to 3i "buyers,
being again wanted for the settlement. Australian
Agricultural were more offered. London Doe
stock was officially marked 104 and 105.
The quotations for the shares in some under-
takings of recent formation are as follows, via.:
Oude Railway, 1.16 to 3-16 prem.; Central Dads
Railway, 1-16 to 3-16 prem. ; Punjaub Railway,l to
prem. ; Calcutta and South Eastern Railway, par
to Iprem. ; Indus Steam Flotilla, 4 to 1 prem.;
Great Southern of India Railway, par to rem.;
Cape Town Railway and Dock, to prem.; Victor
Emmanuel Railway Bonds, 2to 1 • • Riga Rail-
way, 5-16 to 7-16 prem. ; Bahia and San Francisco
Railway, 4 to j prem., Cape (Eastern Province)
Railway, par to 1 prem.