The Express.
London, England, 1858-08-04 00:00:00

ISSUE OF THE BALANCE OF THE INDIAN

LOAN.

Two o'CLocx.
The following notification has been issued to-day
from the India House. It refers to the balance of
3,679,0001. remaining of the eight million loan, for
which subscriptions are now invited :

Eut India Houma, August 11._

The Court of Directors of the Eut India Company do
hereby give notice that they will be prepared at or before 12
o'clock on the 17th day of August instant, to receive tenders
fora loan 013,679,0001., for five years on security of debentures
(being the residue of the amount anthorisod to be raised tin-
der the provisions of the Act 21 Vic., o. 3 ) such debentures
to be of the respective amounts of 1,0001. and 6001.,and to bear
interest at the rota of four per oent. per annum, payable by
coupons attached, half yearly, at the Treasury of the But
India Company, in London, on the Bth day of April and the
Bth day of October in each year.
The tenders to be for sums of not leas than 1,0001., and to
state bow much wO2 be given for every 1001. of the said
ken.

So much of the amount tendered to be paid to the
company on the 23rd of August as will leave 76 per ma. of
the capital to be paid as under, viz. •
25 per ocmt. to paid to the company on the 20th of Sept. 1958,
25 do. do. 18th of Oct. „
26 do. do. 15th of Nov.
from which dates the interest of four per cent. per annum
upon the respective instalment, will be calculated; but
parties, who so desire, may pay up in full, and will be
allowed a discount at the Tete of three per cent? per annum
upon the anticipated payments.
In cases of equality of tenders beyond the amount re-
quired, they will be subject to a pro rate diminution.
Scrip receipts will be given to the parties entitled, to be
delivered up In exchange for the debentures when prepared.
The tenders are to be delivered in, sealed, at the Treasury
in this hones, and to specify the proportions of each
denomination of debentures required by the sub-
I writer, a deposit of five per cent. upon the
amount tendered must at the same time be paid
to the company's cashier, to be returned in the event of the
tenders not being accepted ; and parties tendering must be
careful not to enclose the deposit in the sealed tender.

No tender will be received after twelve o'clock on the said
17th day of August, nor Intim upon a printed form, which
may be obtained at the Abooounte Branch of the Secretary's
Office in this house, or of the Company's Stock Broker,
Mr. Henry Scott, 16, Throgmorton-street.
.1. D. DICKENSON, Secretary.
Notwithstanding this announcement, the funds
have risen I per cent., and in the other departments
of the Stock Exchange decided steadiness continues
to prevail.

Consols were first marked 96, and are now (looted
96,1 to 1, both for money and to-morrow's settle-
ment.

Bank:Stock has also been dealt in at 2231 ; the
Three per Cents. Reduced at 961 to i ; the New
Three per Cents. at 961 to t ; Long Annuities, 1860,
at 11; India Stock, at 217; Exchequer Bills, March,
at 3.55. to 38s. prem.; do., Jane, at 235. prem.
_ .

The foreign stock market is quiet, but well sup-
ported. Turkish Six per Cents. are quoted 97
to I. Mexican Bonds are in active de-
mand, and have risen to 21} to I. The scrip
of the New Brazilian Loan is steady at 4 to # prem.
Peruvian Bonds of all descriptions remain very
firm. Sales are recorded as follows :—Buenos
Ayres Six per Cents., for account, 791;
Mexican Three per Cents., for account, 204, 21;
New Granada Two-and-a-Quarter per Cent. Active
Bonds, 21! ; Peruvian Four-and-a-Half per Cents.
for account, 91; ditto Uribarren Four-and-a-Half per
Cents., 80; ditto Four-and-a-Half per Cent. Dollar
Bonds, 80k (exchange 45.); Portuguese Three per

Cents., 184, 451; Russian Four-and-a-Half
per Cents., 1001 ; Sardinian Five per Cents.,
91; Spanish Three per Cents., 44, 431 ;
the Committee'. Ctrtificates for the Unfunded
Coupons, ak, 51; Turkish Six per Cents., for ac-
count (August 13), 97.

QUARTER PAST Two O'CLOCK.
Consols are now quoted 961, " sellers," for money
and to-morrow.

Pending the monthly settlement, now in progress,
the speculators evince little disposition to operate,
the more especially as the holiday season is now at
hand. The settlement, however, indicates that the
supply of stock afloat is limited, and confidence is
additionally stimulated by the settled aspect of
politics, the extraordinary ease of the money market,
the favourable tendency of the bullion movement
and the satisfsctory progress of the revenue. Both
politically and financially the prospect is considered
encouraging.

The 133,6401. in gold broughtby the Africa from New
York, reached London yesterday, and about 90,0001
was sent into the Bank, the bulk of the remainder
being taken for exportation to the Continent. The
296,9501. in specie by the Parana will be delivered
at the end of the week. The 125,0001. in gold, it is
stated, will be sent sway, the description being
specially suited to the requirements of the conti-
nental buyers.
The next instalment of 15 per cent, making 85
per cent. paid, falls due on the Indian Four per Cent.
Loan on Tuesday next, the 10th inst., and the final
instalment on the 10th of September.
The Tudor has arrived from Melbourne, but has
brought only 27 ounces of gold.
The specie by the Alhambra, from the Peninsula,
is 6,0001. . .

About 30,0001. in silver reached the Thames on
Monday from Antwerp.
The tendency of the foreign exchange, continues
decidedly satisfactory. More favourable rates were
established yesterday afternoon for bills on Holland,
Belgium, Paris, and Frankfort. The current quota-
tions are shown below :

Amsterdam, three months, 11.184 to 4; ditto, short,
11-154 to 164; Rotterdam, throe months, 11.184 to ;
Antwerp, three months, 26.374 to 424; Hamburg, merits
bane°, three months, 13.7 to 4 ; Pans, three light,
26.6 to 15; ditto, three mouths, 15.35 to 40; Fr cm-
the-Maine, throe months, 1189 to ; Petersburg, per
rouble, them mouths, 364 to 11; Firma, et So., three
months, 10.27 to 29 ; Tresses, do., three moat* 10.28 to
30 ; Madrid, three months, 494 to ; Cadiz, this. months,
494 to 4 ; Leghorn, three mouths, 29.80 to 6; 041111:44
throe months, 15.45 to 60 ; Naples, three months, 42reb:
81; Palermo, three months, 1221 to 4; M
month 1124 to 3; Liebe"), 90 days, 62 to 4;
624 to 4.

The produce market is firmer in character, espe-
cially u regards tea, sugar, and saltpetre.

The new act »ferring to crossed cheques is
now in operation. It may be useful to recapitulate
its provisions. Clause 1 provides that if a cheque
be maned crossed with the name of a banker, the
crossing shall not be altered, obliterated, or added to
in any way, but shall be deemed a material part of
the cheque, and the cheque shall be paid
only to the banker with whose name it
is crossed. Clause 2 enacts that if a
cheque be issued uncrossed, or crossed with the
words " and C 0.," any lawful holder may add
thereto the name of any banker, and such crossing
shall be deemed a material part of the cheque.
Clause 3 is penal, and provides that any person
fraudulently altering the crossing on a cheque, or
uttering the cheque knowing it to have been fraudu-
lently altered, shall be held guilty of felony. Cause
4 excepts bankers from responsibility if they inno-
cently pay a cheque from which the crossing has been
erased, provided that no signs are visible that *crowing
was ever there. This provision should render every
body careful to cross a cheque in so effectual a man-
ner that the crossing cannot be erased without de-
facing the cheque. Considerable inconvenience is
apprehended as regards cheques drawn on London
bankers, but crossed to country bankers. The latter
would receive the amount through their London
agents, but clause 1 makes no provi►ion for this case,
declaring that the cheque must only be paid to the
banker with whose name it is crossed.

The directors of the London and Blackwell Rail•
way Company have determined to recommend the
payment of a half-yearly dividend of 2e. 9d. per

I share. The dividend for the oorresponding period it
last year was at the same rate.
The dividend on the stock of the North Lona=
Railway Company is also officially announced at the
rate of 6 per cent. per annum, showing an increase
of i per cent. over that declared for the correspond-
ing six months of last year.
A considerable fall took place in London and
North Western Railway stock after the recognised
hours yesterday afternoon, in consequence of a ru-
mour that the forthcoming dividend will not exceed
31 per cent. per annum, with only a small surplus.
The directors of the Electric and International
Telegraph Companyhave made a call of 61. per sharer
payable on the 27th inst., on the new shares issued
in accordance with the resolution of the special
meeting of the Bth October last.

TuzseAT Symms.
The funds to-day were unmarked by any move-
ment of importance, the fluctuation being limited to
about per cent., and the closing quotations being
almost exactly the same as those of yesterday.
. _

In most of the other departments of the Stock
Exchange prices were well supported. Guaranteed
railway shares, Colonial Government Bonds, and
other sound securities, continue in good demand for
investment. The market for English railway shares,
however, was prejudiced this afternoon by lees
favourable rumours relative to the forthcoming divi-
dends of one or two of the leading companies. A
growing inquiry for American railway securities,
which have been so- long depressed, forms a feature
of the market.

Consols, which closed yesterday at 961, "sellers,"
opened this morning at 96 to 1, advanced to 96/ to
/, and closed at 98 to 1. For the 7th September the
last price was 961. The government broker made
another purchase. The official business report is as
follows:—Three per Cent. Consols, for money, 96,
961, 96; ditto, for account (6th August), 96, 961;
Three per Cents. Reduced, 961, ; New Three
per Cents., 961, 1,1, 1, ; Thirty Years Annuities,
expiring in Apra, 1886, 18 9-16, 181; Bank Stook,
2251, 227 ; India Stock, 217, 220; India Four per
Cent. Debentures, 991 ; Three-and-a-Half per
Cent. Exchequer Bonds, falling payable in May,
1869, 100/.
The March Exchequer Bills were firm at 365. to
395. poem., and the June at 235. to 265. prem.
The business in the Foreign Stock market was
less active than yesterday. Turkish Si: per Cents.,
after being marked 961, closed at 97 to 1, being a
trifle better than yesterday. The Guaranteed Four
per Cents. may be quoted, 1031 to 104 ex div. Rus-
sian, Spanish, Venezuelan, and Peruvian Dollar
Bonds were all inquired for. The scrip of the New
Brazilian Loan was quoted Ito prem. Mexico's
Bonds were firm, closing at 201 to I.