The Express.
London, England, 1860-06-11 00:00:00

COMMERCIAL FRAUDS.

In a memorial recently addressedto the Board of
Trade (and published in the Moneylfarket RerieworJune9).
Mr. W. F. Brockman, jun., furnishes the following re-
capitulation °late lures--amounting to an aggregate of nearly
four millionsaterling—which bavebeen summed during the
last three or four years through the inadequate system of
audit of the accounts of public companies :
The Royal British Bank.-Stopped payment in 1856. The
failure was caused by making advances to directors and
others on improper and insufficient securities. Cain'?
200,000 f. ; deposits, 540,000/. ; on which 15s. in the
has been returned ; deficiency, ss. in the pound, 133, . ;
total, 335,00 W.
The Tipperary Bank.—Failure caused by the frauds of
of &diem Accounts were wilfully falsified. Capital,
500,0001. ; deposits, 700,000/.; total, 1,200,000/. I believe
the whole has been lost.
The London and &stern Bank.—ln this case the notorious
Colonel Waugh appropriated to himself an amount equal to
the whole paid-up capital of the bank, and has since ab-
sconded and set his creditors at dames. The loss exceeds
250,000/.
The Western Bank of Beotlsad.-04144_Plid up,
1,500,000/. ; deposits, 6,000,090/. ; total, 7,500,0001. Every
effort has been made to peewees a complete exposure of
the affairs of this bask. I dchsot know if any return has
been made to the depositors. At the lowest estimate, the
entire paid-up capital has been loet-1,500,000/.
The Pales Company.—The frauds of Robson,
committed with the transfer books, entailed a
loss of 100,00%
The Great Northern Railway Company. —Redpatles
frauds, committed in • similar manner to Robson's. The
auditors here were greatly at fault, as I understand that
dividends were paid co a larger amount of stock than had
been issued. Low, 250,0901.
The Union Beak of London.—The frauds just discovered,
committed by the head cashier, William George Pullinger,
by mama of • fictitious par book, representing the account
between the Union Book and the Bank of England. The
frauds are said to have extended over a period of five years,
and, with • proper cheek in the audit, ought to have been
detected in the first half-year. Loss, 263,0,0/. Total losses
to the public, 3,896,0701.

RIFLE CORPS DRILL AT WATFORD.

On Saturday afternoon about 200 effectiees of
the 20th and 29th Middlesex Volunteer Rifle Corp, both
belonging to the north-west district of the metropolis,
went down, in accordance with previous arrangements, by
the North Western Rahway to Watford, for the purpose of
herb]: battalion drill in conipaay with the Watford and
the Hemel Hempstead corps. The weather up to the period
fixed for starting by special train, namely, 10 minutes past
4, was almost as bad as it possibly could be, and owing to
this cause GO or 70 of the metropolitan volunteers did not
leave Euston Station till about an hour after ; but by the
time when the four corpe.united in Cassiobury Perk—abeau.
tiful portion of the domain of the Earl of Essex, shuntes
about a mile from the Watford Station—the rain had
almost entirely ceased, and happily it kept off during tho
whole of the subsequent drill. The entire force on the
ground, including the officers, was, notwithstanding the
deterring influence of the weather. upwards of 300, and a
large number of the inhabitants of the district were
present as spectators. The battalion was under the
command of Major Rigge, of the 20th Middle-
eel, who was ably supported by Captain Ross, of
the 29th Middlesex, and the commanding officers of
the twe other corps ; and the evolutions, though not of
long duration, in cornequeuce probably of the state of the
pare
ground. were highly interesting, and well adapted to pre-
those who took part in them for the grand review of
the 30th inst. On their departure for London soon after
eight o'clock the two metropolitan corps hail quite • fare-
well ovation from their provincial comrades and the as-
sembled caeca The band of the 29th Mid,llesea was pre•
sent to give Ma to the occasion. It should he added, in
loathe to the North•Westera directors, that the highest
fare charged for the journey to aml from London, a distance
of between thirty and forty miles, was ons shilling.

Crry or Lor DOW HoorrrAL Fox DIBTAMS or
TEM corm, Ylororra Palm.—Tbe number of intimate
under treatment at this imstitutioo during the hat week wan
1870, d whom 175 were new ahem