The Express.
London, England, 1867-01-16 00:00:00

the eventful and disastrous times which have just parsed,
the ►fairs of the association have received the careful at.
tention of the beard, and no effort has been spared to pre.
serve and improve the various securities. The greater
portion of securities on which advances have been made
represent railway property of finished lines in the United
Kingdom, and extend over upwards of twenty railways.
requiring mainly time and management to develop the
trelic. The contingent liabilities on calls that may be
made on shares held by the association, and all other en-
gagements, do not exceed a total of ru,ooot. The call on
475 shares due 10th April last, not having been met, these
shares, upon which 1:. per share has beau paid, have been
forfeited. The amount remaining unpaid on 31st Decem-
ber last, in respect of the call due 10th July, Min, was
i;j7iw, In conformity with the articles of association, two
directors, Messrs. James Fraser and M. E. Hodocanachi,
retire by rotation at this meeting, but, being eligible, offer
themselves for re-election. The auditor., Means- John
Rail and Robert Tucker, also offer themselves for re.
ele4ion.

At the meeting yesterday of the Discount Corpo-
ration (Limited) the net profit fur the half-year was
stated at 11,596/., out of which a dividend aas de-
clared at the rate of 7i per cent. per annum, and
4,0901. was tarried to the new account. At a
special meeting, afterwards held, a resolution was
passed for the voluntary winding up of the present
company, and the transfer of the business to a new
undertaking, to be called the United Discount Cor-
poration. Thu object is to reduce the outstanding
liability on the shares of the present shareholders.
Thov.fewshareholders of the General Credit Com-
pany who decline to merge their interests in the
new company have received an intimation of the
terms upon which the liquidators will cancel their
shares. The reconstruction took effect on the let
of .lanaary, when the old shares, having bl. paid,
stood at 41. 10s. The company offers to add to
this market price 10 per cent., as a set-off against
the excess of assets over the liabilities of the com-
pany, making the sum offered per share 4/. 19s.
Ten days are allowed fur consideration, and the
alternative is arbitration, which the company think
will be unfavourable to the dissentients.

TUZSDAT EVENING.

Consols, which closed yesterday at 9015-16 to
91, for the 7th February, opened this morning
at 90; to 91, and closed at 91 to „. For money
the last price was likewise 91 to 4, the
scarcity of stock having caused the usual
difference between the price for money and that
for the account to be almost completely effaced.
The official business report is as follows :—Three
per Cent. Consols, for money, 91, 904, 14, 1 ;
ditto, for account, 91, A, 1 ; Three per Cents.
Reduced, 904, g ; New Three per Cents., 90,
; ditto Two-and-a-Half per Cents., 72} ; Bank
Stock, 948, 91 ; India Five per Cent. Stock, 107,
61; ditto Five per Cent. "enfaced" rupee paper,
102, 14, y ; ditto Debentures, 1094, g ; ditto Bonds,
255., 30s. prem.
The India Five per Cent. Stock was again rather
'more offered.

Exchequer Bills remain at Bs. to 12s. prem.
Foreign bonds were again in demand, and showed
an upward tendency. Turkish of 1862 improved
11 per cent. ; ditto of 1858, Brazilian (old), some
of the Egyptian, and Italian (1861 and 1865), I to
1 ' • Russian of 1822 and 1850, as well as Bra6lian
of 18G5 awl Venezuelan of 1864, ; Russian of
1866, I ; and Turkish of 1865, /. On the other
hand, Spanish Passive were flat, and fell to per
cent., upon the advice, from Paris that the new
loan is practically a failure, it having been assumed
that the success of this scheme would probably in-
rob e some arrangement with the bondholders.
The Certificates were also I lower. It must not be
overlooked, however, that if the Spanish govern-
ment be disappointed of the assistance it had ex-
pected, its necessity may force it to grant that mea-
sure of justice to its creditors which they might
vainly have looked for from its sense of morality.

MINE&-{THIS DAY.)

ONII O'CLOCK.

The amount of business in the mining market
to-day is not very largo, but prices are firm. West
Chiverton shares are quoted 56 to 58 ; Prince of
Waits, 325. 61. to 355.; Great Retallack, 365. to
385.; North Crofty, 41 to 5 ; Drakewalls 17s. Gd.
to 20s. ; West Frances, 16 to 17 ; Chiverton, 83 to
; East Lovell, 101 to I ; and West Caradon,
13 to 11.

LONDON BETTING.-(THIS DAY.)

Two o'CLocK.

Very few members present, and but little doing.
The feature of the day was a heavy investment being
entrusted to Julius for the Two Thousand Guineas, about
whom 12U0 to 100 was taken four times. There is no
other change, and the few quotations are as follows

TWO THOUSAND GUINEAS.
4 to 1 apt Plaudit (off )
6to 1 Hermit (off )
1.00 to 100 Julius (t to 400(4
DERBY.
10 to 1 apt Plaudit (off )
10 to 1 D'Egtournel (off)

WEATHER REPORT.-(THIS DAY.)

WIDNESDAT, JANITLIT 16, 8 LL

....
Naha 10.26 30 N.N.L 1 W.
Aberdeen .430.21 30 N.W. 4 N.E.
Leith 139.19 32 31. E. I N.
Ardromen 10.18 29 N. E. I I N.E.
Oreencsetdo 10.21,33, E.N.X. I 13 NIL
Velentla 10.13 29, KN.& 1 E.
Cape Char W. 97, W, N. E. I 3 N.E.
Luol 130.00 27, N. E. 1 N.H.
Holyhead . '30410 35 X.N.L I 4 N.N.L
Penzance 129 97 29 X.N.L ' 3 N.N. E.
Bredtas, 29 N.W. ' 3 N.E.
Lonent 129.80 29 N. I 4 I N.
Rochefort W. 70 3J N. N. E. , 4 N.E.
nymouth _129.90 22 N. NW. 2 N. N. W.
Weymouth .:V9l @S N.N.L 13 N.N. K
Portemonth.;29.22 30 N. N. E. 3 N.
Denial 29.90 30 N.N.L 7 N.E.
Yarmouth 2179 34 N.E. 9 N. L
dearboromilt 30.0± 36 E. NL. I N.
ablolda
Helder — . - -

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