The Express.
London, England, 1866-05-18 00:00:00

alone participate in the drawings for repayment at
par, the first of which takes place in June.
Messrs. Harris and Ooldamidt, " jobbers," mia
Mr. Cousins, broker, members of the Stock Ex-
change, who recently failed, have already paid 20s.
in the pound, and have been re-admitted.
The advice just received from the Cape of
Good Hope report the arrival on the 7th April of
the screw steamer Kaikoura, belonging to the
Panama, New Zealand, and Australian Royal
Mail Company (Limited). The passage from Ply-
mouth was made in the short space of 26 days,
being more than a week less than the time occu-
pied by the regular mail packets. The Kaikoura
is 1,501 tons register and 400 horse power, and is
the first of the three vessels already despatched
from this country for the performance of the
mail service between Panama and the Australasian
colonies, which is to be commenced next month.
We are requested to state that the share list of
the Graphotyping Company (Limited) will be
closed on Wednesday, the 23rd mat., for London,
and on the following Saturday for the country.
The return of the Bank of England for the week
ending Wednesday, May 16, compared with that
for the previous week, shows the following changes :
Circulation issue £26,851,825 Decrease £442,895
Circulation active 26,120,996 Increase 3,776,600
Public deposits 5,936,219 Increase 154,392
Other deposits
Government securities in
banking department 10,837,056 Decrease 147,196
Other securities in banking
department 30,913,259 Increaselo,o99,o42
Coin and bullion in both
departments
Seven day and other bills 529,822 Increase 67,557
The Rest 3,343,412 Increase 105,825
Notes in reserve
Total reserve (notes & coin)
in banking department... 1,202,810 Decrease 4,608,985
The increase in one week of 10,099,0421. in the
advances on private securities is unprecedented in
the history of the Bank, and shows how enormous
has been the pressure for accommodation on the
part of the panic-stricken community. inasmuch,
however, as a great deal of this borrowing was
merely precautionary, 5,105,1351. has been added
to the private deposits, and the increase in the ac-
tive circulation consequently becomes 3,776,6001.,
and the decrease in the reserve 4,608,9351. The
increase in the circulation results mainly from the
desire of country bankers to secure themselves
against all contingencies, and the peculiarity of
the matter is that the notes withdrawn
are not really thrown into circulation, but
are for the most part hoarded. The total
reserve is now reduced to 1,202,810/., and the re-
serve of notes to 730,830/., so that it is quite
within the power of any one of the great
joint stock banks, by withdrawing its current
balance, to force the Rank of England to avail
itself of the authorisation contained in the recent
Treasury letter. Should this necessity arise, a cer-
tain amount—perhaps two millions, as in 1857—0 f
government securities would be transferred front
the banking to the issue department, and notes
would be issued by the latter against them. Thus
far it has nut been necessary to do so, and there
seems to be now a fair prospect that the Bank will
he able to tide over the crisis without violating the
law. The 832,335/. of coin and bullion withdrawn
must have been taken away chiefly by provincial,
Scotch, and Irish bankers, as a measure of pre-
caution.

ENGLAND.
7th And Bth Vie., c. 32. for the
r. the 16th day of May, 1866.
oarritairr.
Government debt.. £11,015,100
Other secwitiee.... 3,984,900
Gold coin and W-
hoa
Silva bullion .

BANK OF
An Account parstutnt to the Act
week, eliding on Wednesday,

lour DziA
2241151,825

Notes Issued

11,851,825

t26.851,ati

026,831,816

III•WX !NO Di
Proprietors' Capital L 14,653,000
Itest
Public Deposits (in-
cluding Ex,betu,
Sac. Banks, Con].
131111 of National

PARTWICIT •
Government Becn-
rities (including
Dead Weight An-
nuity,
Other securities
Notes
0014
Vale

iDelyt, and Dlv
Accoantsl 6,1a96.219
Other Depolta 18,620,072
Seven day and other
Bills

and Silver

R 42,983,125

442,910,125
W. MILLER. Chief Cashier.

11sy 17, 19C03.

THURADAT EVZNIZS3.

Consols, which closed yesterday at 85i to 1, ez
div., for the 6th of June, opened this morning at
85/ to 86, and closed at 861 to For money the
last price was 871 to +, with div. The official busi-
ness report is as follows :—Three per Cent. Consols,
for money, 87, 1, 61, 71,1, 7 ; ditto, for account,
85L 6. 5 ; Three per Cents. Reduced, 84i 6 ;
New Three per Cents., 85, g, 5 ; Bank Stock, 2421,
1, 3 ; India Stock, 210 ; ditto Five per Cents.,
1041, 5 ; ditto Four per Cent. " enfaced" rupee
paper, 86 ditto Five per Cents., 10110,1 ; ditto Four
per Cent. Bonds. 7s. prem., par.
The India Government Five per Cent. stock
was inquired for. The March Exchequer Bills
were quoted 20s. to 10s. dis., and the June, 103.
to 3s. ilia

MINES.-(THIS DAY.)

ONE O'CLOCE.

The transactions in the mining market to-day are
moderat,:, and prices generally unchanged. Clif-
ford Amalgamated shares are quoted 7i to
1 ; East Caradon, 51 to ; Marke Val-
ley, 3. to 4 ; Great %'or, 17 to 18 ; West
Caradon, 51 to / ; North Roskear, 3 to 4 ; Chiver-
ton, 5i to 6 ; West Chiverton, 68 to 70 ; Great
Laxey, 21 to ; Chiverton Moor, 41 to 5 ; East
Grenville, 1 to 2.! ; South Darren, 3to 1 ; and
Frank Mills, to 6.