The Express.
London, England, 1866-06-05 00:00:00

WINDSOR MEETING.-(THIS DAY.)

TWO•YEAR-OLD PLATE.
Satyr ... ... ...
Python ... ... ...
Catherine Hayes f ... ...

RAYS HANDICAP.

Boaprtcce .
Clams
Blue Mantle

9 ran.
HANDICAP SWEEPSTAKES.
Victoria ...
Practitioner ...
Rosaline e ...
WINDSOR HANDICAP.

Jupiter
Ackworth
Ammunition ...
BERKSHIRE HANDICAP. Half a mile.
Python and Him Roland are hero.

EUROPEAN BANK (LIMITED).-(THIS DAY.)

An extraordinary meeting of the shareholders
MY held at noon, at the London Tavern, Sir B. W.
CARDEN in the chair, to take steps for a voluntary winding
up and to appoint liquidators.
The CHAIRMAN said he had so recently addressed the
meeting that it could not be necessary for him to trouble
the meeting at any length. He was happy to say since the
stoppage of the bank, the liabilities had been reduced by
144 6721. ; and he begged to say further that arrangements
had been made by the drawers and the parties to whom
credits had been granted to retire, as they became due,
the principal portion of the outstanding bills payable.
He concluded by moving the following resolution :
" That it has been proved to the satisfaction
of this meeting that the European Bank (Limited)
cannot, by reason of Its liabilities, continue Its busi-
ness, and that it is advisable to wind up the same vo-
luntarily under the supervision of the court ; and that Sir
11. W. Carden, Mr. George Brown (of the firm of Morrison, al
Dillon, and Co.), and Mfr. Fred. Whiney, be and are 134
hereby appointed liquidators.
The resolution having been seconded,
Mr. WHINNEY said, in reply to questions, that in the u
case of the St. Nasaire Company, the European Bank had l(
the nal guarantee, which was said to be exceedingly 1(
,of certain gentlemen for 25,0001. It had also the 81,
security of property in Java which was said to have cost Si
166,00 W. last September, and that of the land itself,
which warn said to have Coat much more. In all probe- e
bility, within the next three months nearly the whole of it
the liabilities would have run off. In conclusion, he aaidhe
saw no reason whatever to imagine that the total Ices *
would be greater than he told the shareholders it would 8
be the other day, namely, from 220,0001. to 240,0001.
Mr. GEORGIC CARDEN thought that some shareholders 2
ought to be associated with the liquidators. He objected to S
their having only rich men to liquidate. Who was " Mr. a
George Brown?" [A Voice—" A rich man.")
The Sr.carrsaT—He holds 400 shares. (Hear, hear.) I
Mr. CARDEN then proceeded, amid much laughter, to s
having, as he said, had ts;
trirorcen.turypel't ea:what:Poet"'
The resolution of the Chairman having been carried
unanimously,
The CHAIRMAN stated that absent proprietors bad en-
trusted the directors with proxies representing upwards of 2
20,000 shares. It was, in short, impossible for any body 2
of shareholders to have acted more unanimously. lie then I
proposed the following :—" That the solicitor be requested
to take the necessary steps to obtain the supervision of ti
the court." - - a

.- -- .
The resolution having been seconded,
A SI!AREIVIAIER expressed a hops that the clerks would

be dealt with liberally'.
The CHAIRMAN, after expressing his concurrence in this
view, added that he believed a new bank, formed by •
union of shareholders in that bank, the Bank of Lon-
don, the Consolidated Bank, and the English Joint
Stock Bank, would prove a satisfactory undertaking,
and referred to communications which he had received
from various shareholders in favour of this project. In •
few days a prospectus would be issued for the purpose of
carrying out the scheme.
After • short discussion the resolution was adopted.

PENINSULAR AND ORIENTAL STEAM
NAVIGATION COMPANY.-(THIS DAY.)

The half-yearly meeting of the shareholders was
held this afternoon, at the OffiCS, Leadenhall-street ; Mr.
ARTHUR ANDERSON in the chair.
The report, which appeared a short time ago in the
Express, having been read by the SECRETARY (Mr. Howell),
The CHAIRMAN moved its adoption. He said the
inquiry before the House of Commons referred to
in the report involved an examination of the manner
in which the postal service had been performed by
the company's ships. Hs was absent from England at the
time when that inquiry took place, but the company suf-
fered no detriment on that account ; and great credit was
due to the secretary (Mr. Howell) for the admirable
manner in which he laid the matter before the committee. '
Some members of the committee who were previously rather
opposed to the company had their views changed during
the progrese of the investigation. He (the chairman) had
recently returned from Egypt, and he was happy to state
that the Viceroy continued to be most favourably dis-
posed towards the company. He then referred
to various matters of detail in Egypt, tending
to show the satisfactory position of the company's affairs
in that part of the world. The settlement of the suc-
cession in the family of the Viceroy must prove beneficial
to Egypt. In conclusion, he observed that it would be
satisfactory to the proprietors to learn that in these times
of financial difficulty, that company had neither any
bad debts nor any unrealisable securities. (Cheers.)
Admiral COFFIN inquired whether the captain who bad
made default in the case of the Jeddo was still in the
company's service ?
The CHAIRMAN replied that he was not.
Admiral COFFIN considered it a great shame that the
shareholders should have lost so much through the neglect
of captains. He thought that whenever a captain had
disobeyed his instructions he should be suspended for six
months ; and he would make a motion to that effect.
The CHAIRMAN observed that there was no company in
the world in which there was more rigid supervision as
regarded the navigation of the ships than there was in
theirs. It was a rule of the board never to employ a cap-
tain who had lost a ship ; but with a Beet of sixty vessels
they must expect to lose one every year. He would re-
peat what he said on a previous oocaaion, that they were
their own insurers, and that whereas the cost of insurance
at Lloyd's would have been 61. 65., the actual cost to the
company had been only 255.
The report was adopted, and a dividend of 3i per cent.
for the half-year declared.