The Express.
London, England, 1866-03-20 00:00:00

BANK OF AIISrRALASIA.

THE JOINT STOCK DISCOUNT COMPANY
DIB.ECTORS.

After our report left yesterday,
Mr. Wiarg rose and said—Gentlemen, I have listened
with great attention to all that has bees said. I assure von
that I am one of the last persons in the world who would
wish to force himself as a director upon your company, con-
trary to the wishes of the proprietors. (" Hear, hear,* and
cheers.) I feel as deeply as any Naas can doe the serious
pcsitioe in which I sm placed by the failure of the
Joist Stock Discount Company. lam not going to try to
exonerate myself from any share of blame that may pro-
WAY fall to me, tot am prepared to meet it. (Hear.) I
will not attempt to cast blame upon my colleagues of
the board of the Joist Stock Discount ; they aes able
ke bear that which may fairly attach to them. If I said
anything io their absence I might say something which
ther might consider that they ought to have the oppor.
*unity of refuting, which they ooald not have is this room.
I should be extremely sorry to see this mectiag divided
epos the question which bee been pat before them by Mr.
Gistescos end Mr. Prised'. (Hear, beer.) Ido not think
it would be of soy service to me, but I believe it would be
a great disaster to the Bank of Australasia that a vote
on such a question should be taken at all. (Cheers.) I
assure you that as far as I am individually concerned I
moot personally blame myself for anything that
has occurred at the Joist Steot Discount Company.
(Hear, bear.) There are circumstances 1 could ex-
plain (if that- ware the proper place) which I feel
confident would very much soften the feeliog of gentlemen
who have so violently opposed me on the presort cooseion,
but Ido not think soy good would come of it. I can only
farther say that as it appears to be the wish of a peat num-
her of the proprietors herie—whether a majority or not I
know not—l am quite willing to place my resignation in
the hands of the chairman. (Load cheers.)
Mr. Pa/Avis remarked that the mores Mr. White bad
taken was that of as honourable man. (Hear, hoer.) He
bad no foaling against him personally, and should be happy
at some future time to prepare his re-election.
Mr. GATIBOOI WOW be happy to second it.
Mr. RAT as • shareholder In the Southern Insurance
Company, bore testimony to Mr. White's business habits
aid *Betaking usasgemest.
The Camases, after again testifying to Mr. White's
great value a. a member of the board, and his regret at
toeing such a colleague, and speskiag of the honourable
feeling which induced him to place his realisation in his
(the chairman's) hands, while still ignorant whether the
feeling of the majority was in his favour or not, appealed
to the meeting whether it was really their wish that that
gentleman should retire.
Several Voices—Most decided] . (Hear, hear.)
Another brief consultation of here took place,
and at its close,
The CHAIIMAI announced that Mr. White bad formally
placed his resignation in the hands of his colleagues, and
the only way of prevent* It taking effect would be fat
some proprietor to move that it be not accepted.
No response was made to this suggestion, but
A. SILLIZBOLDJUI, who gave great credit to Yr. White for
complying with the wish of the shareholders, proposed to
move that the resignation be accepted on the un-
derstanding that such aceeptanos did not reflect in the
slightest degree upon Mr. White in reference to any act of
which the meeting bad any knowledge, and that be would
be re-elected if nothing to the prejudice of his personal cha-
racter came out in the course of the Ohascery inquiry into
the affairs of the Joint Stock Discount Company.
Mr. BorLsr objected that that would be a very unusual
coarse, and suggested that the resignation should be simply
accepted, so that they might avoid going to a division of
so painful a subject. (Hear, hear.)
The discussion then dropped. The directors retiring by
rotation were reelected, sad Mr. Darrel sad Mr. Whatman
were elected to the two venni mats at the board caused
by the deaths of Moora l'arren and Megan.
A vote of thanks to the cholrman and directors concluded
the proceedings.

ADILISALTT, MA=ca 19.—Arrourratirrs.—Maa-
tan F. Inglis, to the Atte, for the Royal Alfred ; G. Mush.
to the Ass, for the Minotaur. A I.lmtPerntesters W.
F. Cheethwakte, to the Vida". ee esarelarea gait; G.
Defame, to the Inpislabia, es searatages

Hsu= AND Bistaparzsawssar• as Du BLILEY'S
UV/JM AWINI whisi vllisut
dads_2leits=e4=l„atirLiahomothist
Z. al IW. twos. skinadi mai thwe
no ad !a slier vaimilles. mai Is tie lest feed for ihra
Koos ono mareally.—Da arum. Ca. No. a.p.Wirest,
raiii.l7.aksieasit'attb.
.4 in. Odevirdosel; mai OM Agvarlismeld

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