The Express.
London, England, 1856-05-03 00:00:00

MONEY MARIBT.-TlllB &tl.

Two VC

The bade an drum today ; MMus is very
limited, bat prices are quoted a shade hither than
they closed yorterday. C,onsob; for Thursday
next, after advanciug to 921 to Si. now quoted
92i to For mousy the prim is 92g. The
Three par Cents. Reduced ham been dealt
In at ell to ; the New Three per Cents. at 911
to 7; Bank Stock at 210 I; Exchequer Bills (March)
at 6s. dia. to par; ditto (June), at 7s. to 4s. dia.
acd Exchequer Beads, 1868, at 98i.

. _
Very few transactions have taken place in foreign
securities. Spanish Bonds continue to rise. Turkish
stocks are also rather better. The only sales re-
ported consist of Dutch Four per Cent. Certificates,
at 93 ex div.; Mexican Bonds at 22j for account,
16th May ; Spanish Deferred at 24j ; ditto for w-
ould at 24j to I ; Turkish Six per Cents. at 971 for
account; ditto Guaranteed Four per Cents. at 101 j.
The report presented by the administration of the
Credit Mobilier Society of Paris to the meeting rattle
shareholders on the 23rd ult., has been circulated.
This document is drawn up with consummate ability.
Great tact is shown by the management in meeting
the objections which have been reasonably urged on
both sides of the Channel against the dangerous ten-
dency of some of the operations entered into by this
leviathan institution. As an illustration of the once-
mons financial power which it wields may be men-
tioned the extraordinary fact that the total
snbecei_ptions presented by the society and by
its French and foreign clients, for the
bat national loan of 780,000,000 L (31,200,0001.
sterling), amounted to no less than 826,000,000 f.,
or 26,000,0001. Another great charge undertaken
by the institution was the issue of a capital of
3,300,0001. in bonds of the Imperial French-Austrian
Railway. This operation was carried through with
complete ~roses, and the council declare that nearly
the whole of three securities are now held by German
capitalists. Details are afforded with reference to
the support extended by the society to the Ardennes
Railway Company, to promote which the adminis-
tration are actively agitating for the concession of a
new line from Paris to Mesons and Reims,
with a view to an extension into the coal
districts of Belgium. In pursuance of the same
policy, a treaty has been effected between the
Eastern of France and Ardennes Companies.
The effect of this arrangement, if the society's
hopes of goveranisat sanction to the project
be realised. will be to open a new route into Bel-
gium—to the disadvantage, in some degree, of the
Northern of France Railway. The gross profits of
the society foe the year were as much as 1,274,8311.,
and the net profits 1,123,2801. The sum actuAly
distributed amongst the shareholders is 977,8041.;
whilst, in accordance with the statutes, the adminis-
tration receives 10 per cent., or 95,3114 It is ob-
vious that by this arrangement the management has
the strongest personal interest in showing the largest
feared that amount of profit ; but it may be reasonably
that perilous speculations may be thus en-
twanged. The assets of the institution are stated as fol-
lows (in round numbers), vis., permanent investments
in Routes, 1,800,0001. ; in shares, 2,400,0001. ; in
bonds, 1,312,0001.; from which mast be deducted
overdo* calls, 1,244,0001. The terminable invest-
mentastand thus—in Treasury Bonds, dm., 660,0001.;
and in loans on stook and shares, 2,812,0001. The
tiLrrto assets are 7,702,7001. On the side of Bahl-
etr: find the capital of the society, 2,400,0001.;
" current accounts and the society's bonds" (a most
important item, and one upon which more detailed
information must be highly desirable), 4,127,2001.;
besides smaller amounts, including the year's divi-
dend now due to the shareholders. The aggregate
is thus raised to 7,702,7001., balancing the account.
At the meeting of the Asmara Company yesterday an
annual dividend of 7 per cent. woe declared, payable
on the 24th of hum

The accounts from Canada represent that great
excitement exists in the province cm the subject of
the Grand Trunk Railway. Letters have appeared
in the newspapers addressed by Mr. Bramey, one of
the contractors for making the line, to the Hon. John
Roes, the president of the Grand Trunk Railway
Company at Toronto, claiming for the English share-
holders of the company a guarantee from the govern-
ment of Canada of 6 per cent. on the amount of the
paid-up capital as a condition of finishing the railway.
Many questions had been pat in the Legislature by
different members to the government with the
view of eliciting information on the sub-
ject. The Toronto Leader of April 12 contains
the speech of the Finance Minister on the budget, in
whisk he states that Mr. Brassy's letter came upon
the government like a thunderbolt ; that it was not
a question of aid to the Grand Trunk Company
which they had to consider—it wee a question of
fulfilling their own engagements. That, owing
to their swims embarrassments, the Grand Trunk
Company had not !Provided the funds for the
payment of the half-yearly interest, due in Lon-
don is January last, on the provincial bonds loaned
to them. The bankers and agents of the govern-
ment had, however, protected the honour of the
province by advancing the money necessary to
pay the interest. That the Grand Trunk Company
are unable to provide for the interest due in Icily
next, and it was therefore incumbent on the legis-
lature to maintain the credit and good faith of the
province, by providing for the advances already made '
by their bankers, and also for the future regular
payment of the interest on the bonds leaned to the
Grand Trunk Company, amounting to 3,110,0001.
The sum necessary to be raised to pay the interest in
default was 200,0001. per annum, which the minister
to raise by increasing all the custom duties
iorgrepLvince 26 per cent. -
- - _ -

The return of tite Bank of England for the week
ending Saturday, April 26, when compared with the
previous return, shows the following results
Omelettes' tine
Oiretbsioa salve 19,924,220 Decrease 90,386
Public deposits 4,008,071 humane 1,049,318
Other deposits
Government eenaritlie ia
booking department 13,370,083 laereese 262,260
Othereemitiee la leaking
department
both 16,976,189 laeresse 46,826
Osia sad banks ia
departments
&ma day and ether bill 846.327 Imam 49,270
The Beet
NOM ia reserve
The subjoined exhibits the =teat of the week's
variations at one view :
rabbi deposits %mean £1,049,318
Other deposits demean 1,870,1130
Naos sad bUb ia aimenlatiea :
decrease 41,116
Beet
0a Ms other side of the eacesat:
Goverment Neuritis' ..iateeeee..
242,260

CAA sad Wks damn.. 152,102

Total
This constant demeans in the bullion, we may re-
peat, is fora temporary pa e., for the Turkish
loan. These remittances WEcle not- be continued much
longer. Owing to the heavy amounts of gold that
have been sant into the Beak during the week now
about to close, the next return may be expected to
prompt a more satisfactory appeanume as regards this
item. The large increase in the Treasury balance is
traceable to the final payment of 1,060,000 k on the
last loan. The stook of government securities held '
by the Bank. however, shows a fresh increase of a
quarter of a million. The notes in reserve exhibit a
farther small decrease. Mess change. do not war-
rant the expectation of any immediate reduction in
the rate of discount, although the belief remains that
an improvement is merely postponed.

RAIZ 07 INGLAX D.—An Meow% pmeert le me Let rek end
Mk Ile.. • 11. ter the week meek es dowries, AMU M. Mrk
UMOIII MAUMEE".
deb Yield .813.114.01 Geremoime Deft .... 1111.01410
Odor deowldm 11.410.1 m
OM Oda sad leidee 9.00.671
ssucams 421.341.M9
Doz.
..... . . rielitle lIMULTICIIIT.
Olga* —.AROMAS Gereesmeed desudelm
/wf
11.115.01 Pads& Dead Weeder
C.
Amoded
Odor drowilm ....... WRIMIO
deem . 3,,M5.446
mei .1/11•1 la deil eel litiii 616%. f1e.441
Oikw
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