The Express.
London, England, 1859-11-15 00:00:00

COURT OF EXCHEQUER.

Lord
Sittings in Banoo.—(Before the Lord Chief Baton, and
Berms Watson and Charmed.)

IZMIR •. YIfONTr■ILLS OP EXCHANGE -:-.11:00111PNT.

This welt as action tried before lir. &TOD Martin, at
Oitiklball, sad pve ries to a question of considerable com-
mercial importune with regard ,3 bills of exchange.
The plutong sued the defendaut on a Dill of exchange, the
admission of wake wu objected to by Mr. Hawkins, ow the
ground that the juts ument having been drawn on • 3d. re-
ceipt stamp, sod subsequently properly restsmped by the
Commiseloners of Island Revenue on payment of the =
of 104 sad the priot of the stamp, was invslid. The
joins directed a verdict to be enteral for the plaintiff, with
Wu to dekadaat *canned to enter • verdict for the de.
hadmat er foe a assault.

Mr. Hawkins now, out b3hvbf of the defendant, moved
sevord,agly, submit img that 'be malmjs.ion,,, had w pow.,
resiamp the bill, end that thoogh they did eo, it wet in-
validated under the 16 and 17 Vio.

The Load Chut Baron said he-wae clearly of opinion that
the Inotrament wu almisoibis in evidence. The objection
takes was that it was not properly stamped. That was trues
het dos answer wet that it hod bees taken to the Commis-
/nears of the bland Revenue, and that they hod under the
statute pat on a bill of exchange stamp. Though it was
clearly eb• policy of the law that bills of exchange should be
stamped, yet when it way discovered that persons might in
union stamps make a mistake, there was a proviso under the
ntb Cho. 111., that if • bill of exebsage way drawn on •
stamp of • diffract denotnituion, sod quoad utdros al •
bid of exchange, yet, providod the clamp was of equal or
art Item 'monist, then the cnomissioners could t a proper
stomp on it. He thought the act of the we.
0111 AL tby it hbesel view of the astute. Ha wood opinion
that a—er the pa .in of the act tho e who win la pos-
es/Ann of st -ono of • different denomination, If ef a higher
amount might use them. There would be no rule.

Mr. Bahia We •on mad Mr. Baron Chums!' ecoesTred.
Role rigard accordlsgly.
...1111111:-.-BILLS_OT pal _ _

Mr. He4.liiies-e;old7h;;Tit'sern 171 Is. ea began Yr.
Berea Ye- is at eb-ott2r.o. os es latopleader simmer, *be
gar t as rteseferiesey of t't 5353331;3 111 rd will •
WI oft•le, ostler the B II of Sekt Act, IT rid 111 !Act.,
e. 36, red the lo tad judge &sir. Pbat B should be referred
' the &l ems:. Is the bill of els the imatle bad b3S
desc.:b I r "John Brews of 9, Gewpretteet. Hiors:ea
In the eft, of Landon, hotel-lreeper," bat to the aftlinvit
61. 1 with the WI ander the rat the grentw's mare end reel.
dear, were Ova " a t mellow 1 la the brill of ogle," bat hie
tecapa.:ea wet otetticl. He enbtolo7d *hat this wet Dot a
seeking Wade, Boa rod we d
Mr. Phillip. haring been herd on the other aide,
Tr Coat t wore of opinion that the description is the dB.
davit or insneciant, earth* bin desk was therefore Told.
Judgment accordingly.

THE POLICE COURTS.

SHAD I LISUL-71118 DA).

Two o'CLoca.
la the railway share market to-day business's
again principally limited to the settlement.
With the exception, however, of Caledonian stock,
which has declined, the market is steadier in cha-
racter, and in a few instances priors present a
trillinF improvement. London and North-Western
stook ts now quoted 96/ to 96 ; Great Western, 641
to 66; Midland, 10.5/ to 106; Lancashire and
Yorkshire, 96 to 97; London and South Western,
961 to ; Great Northern, 1011 to 1021; and Rut-
NU Counties, 641 to 661. The two latter stocks
are rather fiat.

Lombardo-Venetian Railway shares am a trills
firmer than yesterday, at 1 11-16 to 1 13.16 prem.
Great Western of Canada shares are still declining.
The Indian railway stocks are rather dull.