The Express.
London, England, 1866-01-16 00:00:00

THE EXPRESS, TUESDAY EVENING, JANUARY 16, 1866.

REFORM DEPUTATION TO EARL RUSSELL.
(THIS DAY.)
--4--

SHABE LISTS.-(THIS DAY.)

This day a numerous deputation, comprising
upwards of 100 in number, waited by appointment
as Earl Russell at the Treuary on the subject of the forth-
coming Reform Bill. The deputation had been appointed
at two public meetings, held at St. Martin's-hall and Lam-
beth Baths.

ONE o'Clkoz.

There is little business in the railway market
to-day, apart from that connected with the
fortnightly settlement, and the principal stocks are
unaltered, with the exception of a decline of g per
cent. in Great Eastern, and I in Metropolitan.
London and North Western stook is now
quoted 1251 to 1261 ; Great Western, 581 to 1;
Midland, 123 f to 124 ; Lancashire and Yorkshire,
1221 to 123 ; South Eastern, 73/ to 74} ; Great
Eastern, 401 to 41} ; Caledonian, 1261 to 1271;
Great Northern, 1261 to 123 ; ditto A, 145 k to
1 ; and Metropolitan, 134 to gt.
Canadian lines are steady, at the closing quota-
tions of yesterday.

Ir. E. Bealee, president of the Reform League, intro-
dosed the deputation; and hews. G. Odgers, T. Connolly,
sad Greening also addressed hie lordship.
Earl RussuL, in reply, said he had listened to the opinions
expressed by the working men with mach pleasure, and had
given to them th►t due consideration their ability demanded,
but at the same tiros he felt bound to say he entirely differed
tram the sentiments that had been =premed.
The government were prepared to introduce a reform bill
that they traded would be satisfactory to the 'country at
large, and which they believed would do indica to
all parties. Such a measure they were prepared to bring
forward, and by the success of that measure the govern-
ment would stand or fall.

The deputation, having thanked the noble lord (or his
courtesy. then retired.

• IMPERIAL BANK.-(THIS OAY.)

The half-yearly meeting of shareholders took
Oath at one o'clock at the London Tavern ; Alderman
Loss, M.P., in the chair.
The following report and balance-sheet were presented :
" The directors beg to report the result of their operatioos
for the half-year ending the 30th December, 1865. By the
annexed balance-sheet and profit and loss aooount it will be
seen that the profits amount to 38,8741. 16e. Bd. After
paying the current expenses, making provision for bad
and doubtful debts, allowing rebate of interest
on bills discounted not yet due, there remains a
disposable balance of 23,2721. 2s. 3d. Out of this amount
the directors propose to pay a dividend for the half year at
the rate of 8 per asst. per annum, free of income tax ; to
write off the balance of the preliminary expense' ; to trans-
fer 2,7121. to the reserve fund, which will then
stand at 57,0001. ; and carry forward 1.5601.
2.. 3d. to credit of profit and lees new account.
The directors retiring by rotation are-R. S. Price, A. A.
Belli, P. C. Relit and D. Stern, Esp.. who being eligible
offer themselves for re-election. The ;editors, G. Broom
and P. Broad, &qrs., also retire from office, and offer
themselves for re-appointment- The dividend will be M-
elds on and after Wednesday, the 24th task
" Liabilities and meets, 30th December, 1865.-Dr.: To
capital paid.up, 448,970/. ' • to amount due by the bank on
current, deposit, and other assounts, 1,543,2811. Os. 7d.;
to reserve fund, 54,2881. ; redemption of premises fund,
318/. ,•-to balance of profit and lose, 30th June, 3,0081.
4s. sd. ; to gross profit for bail-yea,. 47,5134 5e.: together,
50,521/. 9s. sd. ;-Ithe interest paid to customers, 11,6461.
12s. 9d., leaving 38,8741.16 e. Bd. Total-2,085,731k 17a. 3d.
Cr.: By console and India debentures, 37,0341. 95. 7d. ;
by bills discounted, loans to customers, &a, 1,836,4701.
15e. 6d. ; by bank premise., furniture ara:tures, 22,5841.
14s. ; by preliminary expenses, 1,0001. ; cash in hand, at
Bank of England, and at all, 188,6411. 18e. Sd. ; total,
2,085,731/. 17e. 3d.
" Profit and Lou Account-To current expenses, in-
chiding salaries, directors' remuneration, income tax, and
allowance for bad debts. 9,132/. 17s. Id. ; payment of divi-
dend at the rate of 8 per cent. per annum, for the
last half-year, 18,000/. ' • balance of preliminary expenses
' written off, 1,0001. • amount carried to reserve fund,
2,712/. ; amount canthd to profit and loss new account, '
being rebate on bills not due, 6,4691. 17s. 4d. ; amount car-
ried to profit sod Inse new account, 1,5601. 2s. 3d. Total-
-38,8741. 164.8 d. By balance brought down, 38,8741. 16.. &I.
Total, 38,8741. 16s. Bd."
The CHAIRMAN, in moving the adoption of the report
and accounts, said the bank had troubles to encounter at
first, but it was all the better for them. The last six
months had been remarkable for the development
of the solidity and prosperity of the bank. Every-
thing had been going on comfortably and smoothly,
and the result was, he thought, satisfactory.
Although the rate of interest which had ruled was not
large they had obtained a fair return for their money. The
preliminary expenses would be entirely wiped oat, and
there remained a dividend of 8 per cent. after the addition
of 2,700/. to the reserve fund-a fund which it was desirable
to continue to increase. _ .

—iiienPOriWiTadoPted, and • dividend of 8 per cent.
declared.

CITY BANK.-(THIS DAY.)

The half-yearly meeting of the proprietors was
held at noon, at the London Tavern ; Mr. JOHN JONES in
the chair. . . . . . . . .

report and balanes-sheet, which had been previously
issued, having been read,
The CHAIRMAN declared a dividend at the rate of
6 per cent. per annum, and a benwi of 11. 10s. per share.
He then moved the adoption of the report, which was
seconded by Mr. J. Veneer, and carried unanimously.
The business of the ordinary meeting having thus ter-
minated,
An extraordinary meeting was held, for the purpose of
oonverting the 1004 shares into 20/. shame.
Mr. BRUSHFIRLD doubted the wisdom of the proposed
alteration. The bank had gone on very satisfactorily
hitherto, and in his opinion they should let well alone.
The CHAIRMAN said the change had bees suggested by •
considerable body of shareholder@ to promote the in-
terest of the bank, the great object being to incream
the area of the shareholders, and thereby augment the busi-
ness. . . . . . . .

Resolutions for carrying ont the obj ect halving been adopted,
it was anooonced from the chair that a meeting wonid be
convened for the 30th inst., for their eonfirmatioe.
Votes of thanks to the chairman, the managers, and the
other officers, terminated the proceedings.

100
Bt. •

THE LONDON, BRIGHTON, AND SOUTH-COAST
RAILWAY DIVIDEND.—The accounts for the pest ball-
year having been this day submitted to the directors,
they have decided upon recommending the payment of
a dividend for the belt-year of 3/. ss. per cent. on the
consolidated stock of the company, making the total
dividend for the year amount to 3 per cent.
THE LONDON, CHATHAM, AND DOVER RAILWAY
COMPANY AND THE CATTLE PLAGUE.—In GOOSeqUeeee of
the new orders made at Quarter Sessions by the magistrates
of Kent, prohibitieg the driving or removal of any "ox,
bullock, bull, cow, heifer or calf" on any road
or to any place without a special license, the above
company have determined not to receive, convey, or
deliver any animal specified within the above-mentioned
class, at any station, or upon their line of railway within
the county of Kent, from and after yesterday (Monday),
until the 2nd day of March next.
DR. LIVINGSTONE'S EXPEDITION. —A. cheque of
6,450 rupees having been presented by the Royal Asiatic
Society to Dr. Livingstone, to aid him in his new exoe-
dition, the following reply was read last evening at a
meeting of the society :—" To Geo. Birdwood, M.D.,
Ediub. Honorary Secretary Bombay Asiatic Society.
Sir,—f beg leave most heertily,to acknowledge the receipt
of your cheque ter Rs. (6,450) six thousand four hundred
and fifty, being the amount received by the Asiatic So-
ciety in aid of my projected expedition into Africa, and I
take the liberty respectfully to offer my warmest thanks
to the contributors for this very generous and substantial
proof of their interest in the enterprise. The objects 7. have
in view are partly geographical and partly the opening of
East Africa to the influences of Christian civilisation ; and,
as explorations must be attended to first, some little time
will elapse ere we can be prepared to enter upon the other
more important duty. It appears to me that whoa I may
be able to point out a comparatively healthy locality, if
those of the subscribers who are mercantile men could be
induced to undertake the commercial pert of the project,
and with this money, and any other that may be forth-
coming, make a systematic effort to establish lawful trade,
much more favourable results might be anticipated than if
it were in many hands. Ido not possess the mercantile
faculty, but, in the hope that the Bombay merchants will
yet come forward and re-establish that commerce with
the neighbouring continent, which seems to have
flourished in the remotest times, I shall deposit
the above amount with Messrs. Ritchie, Steuart,
and Co. and trust to their public spirit to take
it up. Several of my friends kindly intended their con-
tributions simply as assistanve to me in the trials and diM.
culties I expect to encounter, but their kindness has in
many other ways lessened my expenses during my unex-
pected delay hers, and his Excellency the Governor and
the Bombay government have so smoothed my way and
afforded such valuable assistance that I am in hopes of
accomplishing the geographical objects of my journey
without drawing any part of the sum in question. Having
been a witness of the depopulation and disorganisation
which have resulted from the slave trade, I am thoroughly
cone'.nced that if the Bombay merchants should succeed in
supplanting it with lawful commerce, they will perform a
most ameoptableeervioe to the merchants and to their fellow
men.—l am very gratefully yours DAVID LIVINGSTONE."
PROFESSOR SIMPSON. —Professor Simpson, who
so lately received intimation of honour intended him by
his Sovereign has suffered a severe domestic bereavement
in the death of his eldest sou, a young man of 25. It was
the desire of a number of his countrymen to signalise Pro-
tease( Simpson's elevation to a baronetcy by entertaining
him at a public dinner on an early day ; and armegementa,
of which Sir James Gardieer Baird, Bart.; Sir Dsvkl
Brewster, principal of the university ; Dr. John Smith,
president of the Royal Collage of Physicians • and Dr.
James Densmore, president of the Royal Colieige of Sur-
geons, had take° charge, were tar advanced with that
view the Earl of Dalhousie having cordially agreed to act
aa chairman. The melaeobely event now recorded OM
of wane rendered it in the meantime impossible to signify
to Sir James in this form how much and bow generally
appreciated is the high mark of royal approbation just be-
stowed upon him.-Bcotsmas.
The value of toys sold in Paris hoc New Year's
gifts is estimated at 20 millions of francs.

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'WRY MARKET.-(771I8 DAY•)

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250,000
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Oxis o'CLoci.
There are fewer transactions in the stock markets
to-day, and the tone is less firm, owing partly to
the interruption caused to fresh business by,
the settlement, to which attention is almost
exclusively directed. Repurchases on the part of
speculators for the fall tend, however, to support
prices in most cases. Consols have receded 1-16 to
to 4 per cent., but nearly all the principal British
railways are quoted the same as yesterday. Foreign
securities show firmness. In the miscellaneous
market the chief feature is a relapse of 7s. 6.1. in
the shares of Overend, Gurney, and Co.
The demand for discount contains moderate, and
the rate for the best paper is unchanged, at 74 to
71 per cent. In the Stock Exchange, advances till
to-morrow on English government securities are
obtainable at 4 to 45 per Gent.
Consols are now (lusted 87 to 4 for money,
and 874 tog for the seconnt (February 8).
Foreign stocks are firm, and a rise of 4 per cent.
is observable in Turkish bonds of 1865, Spa-
nish Certificates, Brazilian scrip, and Mexi-
can. Greek bends, however, have declined 4.
Some of the present quotations are subjoined,
viz. : Greek, 134 to 4 ; Turkish Five per Cents.
of 1866, 394 to 404, ex div. ; Spanish Passive, 254
to 264 ; ditto Certificates, 14 to 4 ; Confederate, 6
to 7 ; Brazilian scrip, 1 to 4 prem. ; and Mexican,
22/ to 5, ex div.
American Securities are steady, at about the
closing prices of yesterday. 5-20 Bonds are now
quoted 654 to 661 ; Erie Railway shares, 571 to 58,;
and Illinois Central, 764 to 4.
International Financial shares are now quoted
4 to / prem. ; General Credit, 14 to 2 prem. ;
London Financial, 34 to 4 prem. ; Imperial Mer-
cantile, 24 tog prem. ; Credit Foncier and Mobilier
of England, 34 to a prem., ex all; Overeni, Gur-
ney, and Company, sg. to 4 pram.
The shares of the English and American Bank
are now quoted 4 to 14 prem. ; London Steam
Towing, 14 to 2 prem ; Charles Laffitte and Co.,
24 to 4 prem. ; and Galata Candle, 5 to 1 prem.
The following, relating to the Venezuela Loan of
1864, is from the General Credit Company :
VIINELUZIA Six PER CENT. LOA; 1864.—The General
Credit and Finance Company of London (Limited) are in
receipt of advice from their agents, Messrs. H. L. Bonitos
and Co., dated La Guaira, Dec. 23, 1865, of duties col.
lected (and remitted) on anemia of the above Loan, so
follows :—Per statement No. 41, from Ciudad Bolivar,
342.43 dole. ; No. 42 ditto, 3,587.50; No. 43 ditto, 2,641.11 ;
N 0.70, from Puerto Cabello, 5.97; No. 71 ditto. 403.75;
No. 72 ditto, 8,568.17 ; No. 57, from La Guaira, 6,986.40 ;
No. 58 ditto, 3,348.13 ; No. 59, 3,664.35 ; total, 29,547.81
dole.

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The mail from Guayaquil has brought a remit-
tance of 1,127 f. 13s. Si. on account of the dividends
on the debt of Ecuador.
About 20,000 sovereigns were withdrawn from
the Bank yesterday for Alexandria.
The steamer Tasmanian, from the West Indies,

ILI
6

has brought 175,500/. in silver and 85,000/. in
gold ; and the John Tempsrley, from Auckland,
68,00/. in gold ; the total is 328,000/.
The London, Brighton, and South Coast Railway
traffic return shows this week an increase of 985'.
over last year, and the South Eastern a decrease
of 564/.
Annexed is the seventh report of the directors of
the Alliance Bank (Limited), to be presented at the
meeting on Thursday, the 18th inst. :
The directors have to report that the net profits of the
bank for the last half-year (attar making the necessary
deductions for interest on current anti deposit accounts,
current expenses, bad debts, and rebate on hills net yet
due), amount to 22,9301.85. 3d , which with 4,485/. 15s. 6d.,
balance from the previous half-year, makes • total of
27,4661. 3a. 93. This sum it is now proposed to appropriate
as follows, viz.:-24,1431. 161. 31. in payment of divideod ;
500/. in reduction of preliminary expenses ; 92/. 14s. 3d.
in reduction of building, kci, amount ; 1,8.19/. 13s. 53. to
profit and loos new account-total, •7,466/. 3s. 93. The
dividend which the directors new recommend is at the rate
of 5 per cent. per annum free of income tax, or
12s. 6d. per share on the old shares,; and lls. 3d. per share
on those issued io 1864. In fulfilment of the pledge given
by the directors at the Let meeting of the shareholders,
to deal decisively with the accounts which have been
specially referred Win their two last half-yearly reports, they
have set apart from the reserve fund the sum of 112,P7?'.
se. Bd., to inset soy lose that may arise from the accounts
oremected with the General Rolling Stock Company. Acd
in order to remove any nocertainty as to the loss on other
doubtful debts of 1864 having been fully provided for, the
directors have deemed it advisable to write off their entire
amount from the reserve, to the extent of 32,2601. 2e. 11d.
These deductions will leave the reserve fund at 70,000/. It
was announced at the lest meeting that the directors bad
elected Matthew Hutton Chaytor, Esq., to • seat at their
board, and they have now to ask the shareholders to con-
firm that election ; and also that of John Elio, Esq., in the
place of John Bloxem Elio, Esq.. resigned. N.B. The
dividend warrants will be forwarded to the shareholder' on
or before the 24th inst.
The directors of the Imperial Mercantile Credit
Association (Limited) have just issued the follow-
ing report, to be submitted at the third ordinary
general meeting, on Tuesday, the 23rd inst. :
The directors have the pleasure of presenting their report
for the half-year ending December 31, 18'.5 together with
a statement of accounts made up to that dais. The balance
of undivided profits brought forward after payment of the
dividend in July last was 53,141/. 155., and the amount of
net profit realised during the past half-year, after payment
of expenses, and after providing for all bad sod doubtful
debt', and for rebate of interest on loans and bills not yet
matured, is 91,8601.175. 7d., making • total of 145,002/.
12s. 7d. to be now disposed of. Good evidence of the satis-
factory progress of the association is afforded by this stat-r-
-meat, which fully bears out the confident opinion expressed
by the directors at the last general meeting. It is recom-
mended that the above sum be appropriated as follows,
viz., that 50,0001. be applied to the payment of a dividend
for the put six months of 10s. per share, being at the rate
of 20 per oent. per annum ; 833/. 6s. 81. to payment of
income tax ; and that from the balance the sum of 750001.
be Owed to the credit of a " rest ;" leaving • sum of
19,1691. 51. 11d, to be carried forward-total, 145,00`2!.
12s. 7d. The directors have resolved to commence the
formation of a "rat" as essentially conducive to the best
interests of the association. It may be mentioned as an
important feature that the entire amount of the profits for
the half-year results from • continuous succession of trace-
actions of • very regular description, and of a nature to
indicate that no apprehension need be entertained as to the
permanent character of the business in which the suocia•
tion is swaged ; and the directors believe that with a con-
tinued exercise of care and discrimination, the as',ociation
will attains position not inferior to that of any other mone-
tary institution in the kingdom.
Below we give the balance-sheet of this under-
taking :
Capital and I..,abilities.-Dr. To capital : 100 000 shares
of 501. each, 5/. per share paid up, 300,0001. To,liabilities •
Cash held upon deposit, 2,110.0611. 31. 93. ; sundry balances
in accounts current, 15,9'.9W. 17s. Psi ; bills payable,
688,8391. 81. ; bankers' credits, 585,000/. ; endorsements I
and guarantees, 1,300.1494 is. 11d. ; sundry charges and
commissions due, 7.6761.175. 103. ; to rebate on bills and
loans not due, 30,283/. 17s. 4d. To profit and loss Balance,
being nett profit carried down, 145,0021. 12s. 7d. ; total, •
5,392,0411. 19s. Id. Assets.-Cr.: By cash et bankers, in
hand and at call, 266,0551. ls. lid. ; by bills receivable, I
1,838,1221. 2s. Id. ; by loans, securities, and current ac-
counts, 2,664,9661. se. sd. ; by investments and interest
accrued thereon, 620,9251. 61. ktd. ; by office furniture and
fittings. 1,9721. 13s. ; total, 5,392,041/. 19s. Id. Profit end
Loss Aocouot. From July Ito Dec. 31, 1865. Dr.: To
dividend of 10s. per share on 100,000 shares, 50,0001. ; to
imams tax on above, f 833/. 61. Bd. ; to amount transferred
to "Rest" account, 75,0001. ; to baisnee carried to profit
and loss new account, 19.1691. ss. 11d. ; total, 145,002!.
12s. 7d. Cr.: By balance brought forward, from June 3),
53,141/. 15e. ;by net profit for the half-year ending Dec.3l, •
91,8601. 171. 7d. ; total, 145,002/. 12s. 7d.
The following is from the report of the directors
of the Metropolitan and Provincial Bank (Li-
mited), to be presented at the eighth ordinary gene-
ral meeting on Thursday next :
The directors have on this occasion to congratulate the
proprietors on the position of the bank, as exhibited io the
annexed statement of aooounts. After provision for interest ,
kind, there remains a sum of 16.1211.
10a. 6d., oat of which the directors propose to apply 92. Y.
opaizpsoseed and
oeenry payable, for all bad and doubtful debts, and for
in further redaction of preliminary expenses ; to pay •
dividend at the rats of 5 per cent. per annum, free ef
income tax, which will absorb 8,1021. 15s. ; to place 2,5001.
I to the remove fund. increasing it thereby to 10,000 t. ; and
DlocEsn 01, LONDON. -The Bishop of London to carry forward 4,903 i. 15e. 6t. to next account. Sipes the
has had • severs attach of fugues's eines the week before lest meeting certain changes in the boatel have bees made,
Christmas. At his lordship's general ordination on the
and the proprietors are sow asked to ociefirm the appoint
24th alt. he evidently went throvab the lon service with Meet of Mr. R. A. Boyd, of London and Cork, and of Mr. '
dlilictligr He b now considerably better, and be bee sot John Romance, of Dosedie.howie. Sydasham, who have
failed in any ut his public eegagement• been duly elected directors. Mr. David How.len, director
Mr. Travers, one of the most eminent of our of she Leaden and River Plate Bask ; Mr. J. Alldin Moor.,
London inmost, is dead. He wee 52 years of age. director of the Ilenitable Life AarillllllCt Soria, ; and Mr. P.

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