The Express.
London, England, 1866-03-17 00:00:00

IN THZ NUTTIER OF TEM JOINT-STOOL DIZOOOW, 00NPAIIT

(uxuria)).

This was the petition of Jame; Dawson, J. S. Godfrey,
A. Hoye., E. Colletly, J. Gilbaby, and J. W. Johns, di-
rectors sad aoutribu aim of the above o ompany, which the Pe-
titioners prayed might be wound upby the courbsocoraing to
the provisions of the Companies Aot, 1862, ender which it
was inoxporated os the 21at day of Feb, 1863. The
seminal capital of the company was 1,000,0001., divided
Into 40,000 shares of 251. each, and by the articles of asso-
ciation the direoton were empowered to iecrasse snob capital
by the inns of new shares of 251. each. In exercise
of this power the capital wu on the 24th day of September,
1863, increased to 2,000,0001. by the issue of 40,000 addi-
tional shares of 251. each. The whole of these 10,000 shares
have been issued, and the sum of 101. per share has been
paid thereon. At a general meeting of the share-
holders of the company held on the 28th of Fe-
bruary net, the then directors resigned, and the
present board, consisting with one exception of new direc-
tors, was unanimously chosen by the shareholders. The
petition anted that the present director having discovered
it was impossible to carry os the business of the company
bless se additional large sum of money was
placed at their disposal, passed a resolution
at a board meeting held on the sth instant, in these
terms :—" That it has been proved to the setisfac-
ties of the board that this company im enable to pay ill
debts." Si... the presentation of the petition the boob and
amount' of the company have been placed in the bands of
Messrs. Ball and Co., and it appsored that so far as it a known
the direct liabilities of the company amount to 1,250,0001.,
or thereabouts, exolcsi►e of the liability to shareholders for
their subscribed capital, sad the indirect liabilities to
2,600,0001., or thereabouts, of which last mentioned sum a
portion only is estimated as likely to become actually
payable out of the assets of the company. Those assets
(exolusive of unpaid capital) consist of bills of exchange
sad securities deposited with the company, and reach nomi-
nally to 4,850,0001., or thereabouts, bet their estimated
present value is of much less amount. Some of these ousts
are said to be is the handa of creditors as security and
others in the hands of the company are not immediately
realisable.

XL Selwyn, Q.C., and Mr. Roxburgh appeared in support
of the petition.
Mr. BaggaHay, Q. 0., appeared for several shareholder',
and submitted whether it would not be the better course
to allow the company to set upon a resolution some to ►t a
numerous meeting, held yesterday, of shareholders, to
wind up voluntarily, putleulesly as melt a view was sup-
supported by oreditore to the amount of nearly

Mr. Deese look the same view on the part of several cre-
ditors.

Mr. Jeessil, Q. 0., and Mr. L. Webb, who appeared on a
petition by creditors, which was answered for Saturday
next, urged that a compulsory winding-up order Imo alone
proper under the oireurnstannes.

Mr. Bevis appeared c a petition of a single creditor for
winding-up compulsorily.
Mr. Eddie appeared far some meditate.
His lordship intimated that the interests of the creditors
told,* the compulsory winding-ap were as important as
Qom of the larger creditors, sad se there were other peti-
tions pending them was no alternative but to make the
usual winding-up order.
The other 'netlike.; ware to be withdrawn and notice to
be gives of that fact ; the costa, as we understood, of Mr.
Bevis' cheat, a petitioosr, to be added to his debt.

Hie lordship rote after this matter bad been disposal of
Is coseequeete of • severe domestic aillictioe, whisk the
profession were ooneareed to Isere.

He will nit next week only on Thursday sad Saturday—
on the former to hear motions, and the latter to dispose
of the tionmut petitions wily.

THE POLICE COURTS.
(THIS DAY.)

KAALBOROUGH4TRKET.I

11TI•ORDINARYWenn Mc= IT • iIiaDISKAN.
Mr. Jots Banger, shell fishmonger, No. 472. Oxford-
street, was charged before Mr. Kees with being drunk and
attempting to commit *Weide.
&roast Btephess, 11 0, said—At about 4 this morning
I was is Oxfard-street, and heard a now in front of the
bows No. 372, Oxford-street, sad ors looking up at the
mood floor saw the defendant hanging out of the window,
haringononlyhiseldrt. Kociwieg the defendant I said, "Mr.
Bangor, is that your I then knocked at the door, sad
was let► is by Mrs. Busier. I west to the sexed floor as
quickly es I could, end found the defendant out of the wits-
slow, holding the window-aill with raw hand. I took hold
of Weans, sod with thessaistanos of another emit/ibis got
him halide the room, and then found that he was drank. I
asked why be had done it. He replied, "My family hare
made me do this, and 111 do it again."
Mrs. Eliza Banger, the wife of the defendant, stepped
forward, sad said, is answer to Mr. Knox—My hnsbnnd
has no other wares for sating as he has dose bat drink.
He ja ais habitual &akar&

—iir.TC•7;:lor;ll yournikes I will have him detained
• fe w days so that he may be kept from drink, and
spoken to by the chaplain, ss A may be • waroieg to him.
The defesdant, who remained silent, was that taken from
the bar.

GREENWICH.
TEI rowing OT YLOISTALTINI TO COMMIT TO PIIDOS YOB

William Marks Wood, a workman le the employ of the
General ilteam Navigation Dempsey, at Deptford, ap-
peared to a summons calling upon him to show muse
why he should not be examined to prism for the
payment of 31. 12a. sad be. roosts, balame of • loan bor-
rowed of • Friends of Labour Lom Basety, held at
Evelyn House Academy, livelyn-eireet, Deptford.
Hz. Cutter, solicitor. attended, sad said the defeedset
was in very straiteoed eirounistseetes, and sinew be had been
hut vamoosed he had offered to Day mosey, although only
a few shilling., whisk was all be could get to the
society, bat the money bad bees refused. He (Ifr. Cart-
ier), however, contended that the magistrate bad no power,
under the sot of parliament by which this and similar
societies were founded, to commit to prism.
Mr. Train said the act of parliament to which Mr. Cart-
ier alluded did not give that power ; but an act
which was period anbeequeetly, applied to all
other acts upon which magistrates were called to
pet the law in
society force. The mit under which the
formed gam the treasurer the remedy, is
default of the non-payment of a loan, to apply
to a magistrate far • summons, and on as order for
payment being obtained and not obeyed, then a distress
warrant to issue. This course had been adopted in ate
present ems, sad the Mum made by the officer of the
mud had bees that there were no goodie in pomessioa of
the diifeadant whereon to distraie. That being so, be had
no alternative, if pressed but to order a commitment to
prison, although be confessed he could not see wbat good
would be thereby realised, the object of the society being,
be supposed merely to oblate the money, which would be
wholly lest
if a oommitment to prison were made.
Tbe tee surer said his instructions were to require the
payment of the whole of the money at once, or for a CCM-
intissat to prime, the member, believing the mosey was
Purposely kept beck, sad the defendant having failed to
keep various promises.
lir. Cartes, said there really was no cbaneeof the society
reensieg the money at moo, the defendant not being in •
volition so to pay.
Mr. Traill mid he bad so alternative but to put the law
in farm, and the defendant would be committed to Maid-
ate!, Gaol for 14 days. . . . . .

, ._.
Mr. Boestred, the chief clerk, remarked that the law re-
quired • commitment for at hest • month cm the amount
now skewed.

Mr. Trail said, unfortunotely it was so, and the defendant
was cordoned to tamed committed for a month, in default of
sally* tin society's domande.

Madame Schumann, we (Athericeum) are now
informed, la not owning to Lonion this sawn. M. Rubia-
skis, it is Bid. will ; bat not to pisy in public.

The subject of Mr. Balfe's mew opera is Scott's
"T.limes."