The Express.
London, England, 1867-07-17 00:00:00

TUE NAVAL. REVIEW.-THIS DAY.

This morning a special train left Nine-elma at
S. 1:i. conveying the Sultan, the Prince of Wales,
and other distinguished personages to Gosport.

'rite members of the House-of Comm-ons left
W. erhfio terminus by special train at 7 o'clock, the
41. o.ctors train leaving town at 6.10. The traffic
k.r the South Western Railway was very great
ti.is morning ; about '2O trains were despatched from
Aterloo between 5 and 8 o'clock.

The weather in the metropolis has beefi fine for
th, most part, though we have had slight showers
and gusts of wind.
We subjoin telegrams which wo have received
fr..nt our correspondents at Portsmouth and South-
;.lopton.
1,01:Ts1101-TH. WEI MYBDAT MOUTSC.
. .

The weather here is brilliantly fine. A strong
i,IIV/A) blows from the north-west. The review
iromises to be a great success. An immense crowd
visitors are here.

" An address was presented by the corporation
• the Viceroy at Portsmouth Dockyard shortly
.ficr 9, and afterwards to the Sultan on his arrival
A board the Osborne."

SOUTHAMPTON, WEDNESnAT Mosxmc.

The wind is blowing strong from the westward,
lait the sky looks queer in the south, and it is
ottheult to say at present what sort of weather the
o viewers will have. If the wind continues in its
I.resent quarter there will be a lumpy sea at Spit-
,lead when the tide ebbe, about noon, which will
le load for persons in small steamers. Southampton
%liter was covered with yachts yesterday ; not one
I; now to be seen ; all aro gone to Spithead. A
n7unber of steamers are at the pier-head, and
the dock is full of steamers preparing to start
1.1. the review. A number of persons went
3 board the steamers last night. People

;.re flocking to the pier and doclis with him-
p.rs of provisions. Most of the steamers left
about 9 a.m. It will take many of them an hour
and a half to get to their stations at Spithead, and
the review commences at 11 am. At half-past 8
;•101..cial trains from London brought in great
',mhos of persons. There was quite a Stock
&change business done here in tickets for the
strainers last night ; they became a kind of
totock, and were sold at a premium, discount,
at par, according to the size of the steamers or
the varying aspects of the weather.

IuNDON AND WESTMINSTER BANK.-(THIS
DAY.)

The half-yearly meeting of the shareholders was
i eld at 1 o'clock, at the bank, in Lothburs ; Hr. W. TITS,
M.P., in the chair.
The SECRICIARY (Mr. Treesillian P. Shipp) read the
following report and balance-sheet :

" The ors have to report that, after making pro•
!kiosk for all bad and doubtful debts, paying the income
tar, and setting apart 2,0001. towards the buildings of the
Milk, the net profits of the bank for the last half year
amount to 144,0651. 17s. X This sum, added to 45,8891.
4,.:id., the unappropriated balance of the preceding half.
year, will an.ount to 194955/. Is. sd. Out of this amount
interest on the rest or surplus fund at the rate of 5 per
cent. per annum (12,0001.) has been added to such fund.
The directors now declare a dividend to the shareholders
at the rate of 6 per cent. per annum, and by
way of further dividend out of the profits,
a bowie of 11 per cent. on the paid-up capital.
After these payments are made there will remain 39,955/.
Is. sd. which the directors have appropriated as follows,
viz. :28,0001. to the rest, which will then amount to
500,000/., and the balance 31,955/. le. sd. carried to profit
and loss amount for the current half-year. The directors
will submit resolutions for increasing the capital of the
hank by the issue of 50,000 new shares of 100/. each and
for allotting the same to the shareholders, and also for
making such alterations in the deed of settlement as may
be necessary to give effect thereto. The proprietors are
aware that on each of the new shares a sum of thirty
pounds is to be paid, viz., 20/. per share in part payment
of the capital, and 10/. per share premium to be added to
the reserve fund. The paid up capital will then amount
two millions, and the reserve fund to one million.
" Dr.: To proprietors for paid-up capital, 1,000,0001. ;to
amount clue by the bank on deposits, circular notes, and
other monies payable on demand, 21,858958/. Os. 7d. (this
amouut does not include acceptances, 781,2.50/. lis. 4d.) ;
to rest or surplus fund, 480,000/. ; to balance of profit and
loss account, 31st Dec., 1066, 45,8891. 4s. 3d.; tenet profits
of the past half-year, 148,0651. 17e. 2d.---t0ta1,23,530,9131. 2s.
Cr. : By government stock and Exchequer bills, 2,828,445/.
ce. 7d. ; by securities guaranteed by the government of
1adia,82,8701., together 3,652,315/. Gs. 74. By bills dia.
counted, loans, and other securities, 17,160,1171. le. Ild. ;
by cash in hand and at Bank of England, 2,718,4801.
14. d4l. ; total, 73,530,913/. 2s.
" Profit and LOllll. —Dr. : To total expenditure of the
eight establishments, including rent, taxes, salaries, sta-
tionery, Sic. 58,999/. 17a. Bd. ; to amount set apart to-
nsis the buildings of the bank, 2.000/. ; to amount added
to rest or surplus fund, by interest thereon at 5 per cent.
per annum, 12,0001. ; to payment of the dividend now de-
clared, at the rate of 6 per cent per annum, for the last
half-year, on the paid-up capital of 1,000,000/. 30,00 W. ;
to bonus of 11 per cent, on the capital, 110,0004 ; to addi-
tion to rest or surplus fund, 8,000/. ; to balance of profit
.oil lose account, 31,9.55/. is, sd.—total, 252,054/. 19e. Id.
: By balance of profit and loam account, Mat December,
119136, 40,8891. 4s. 3d. ; by gross profits of the last half-year,
alter paying the income-tax, and making provision for all
61 and doubtful debts, 207,0651. 14a. 10d. ; total,
52,911/. 19e.

"Rest Fund. Dr.: Present amount, 500,0001.;
+w1.500,0001.—Cr.: Amount on the let January, 1867,
4m.u001. by interest on ditto, at 5 percent. per annum,
12. M ;. ; amount as above, 8,000/. ; total, 500,0001.
" The dividend and bonus (without deduction of income
mu, which is paid by the bank) will be payable on Monday,
the ?Ad inst."

The CHstatesx, in moving the adoption of thereport and
accounts, commenced by appealing to the meeting for its
rympathy on his succeeding as chairexanAlderman &demons,
&gentleman who was so justly popular in that capacity.
(Cheers.) He then congratulated the proprietors present
OW the completion of the new buildings, without any ac-
cident to life or lows of limb. The statement of accounts
jest read, he said, needed noes planation from him. Of course
the bw rate of interest had produced an effect.
The avenge rote of investment had not exceeded
3 per cent., which was very low compared with the rate
hat year. Notwithstanding this he thought that the pro-
pnetors must feel that the report was satisfactory—
,Lateend---and that their interests had been well cared for.
-.roe deposits showed an increase of 800,000/. as
compare d with that time last year. As compared
with last Christmas there was • falling off, but
since the 30th June, the date tip to which the accounts
were made up, there had been an increase of 1,000,0001.,
and the bank was now entrusted with a larger amount
of public money than it had ever possessed be.
foe'. (Cheers.) That building and the others were
excellent assets, and worth more than the amount at which
they were put down in the books. The increase of capital
would be a separate question, to he brought forward when
the ordinary business had been disposed of. He was ono
of those who were formerly opposed to the increase of the
reserve fund, but his opinion had undergone a change, and
he WAS happy to know that that fund now amounted to
half a million. (Cheers.)
Mr. ESDAILZ, adirector, seconded the motion, which was
sleeted almost without discussion.
The CHAIRMAN then proceeded to propose an increase of
inyital by the slue of 50,000 new shares of 100/. each,
He said the feeling with regard to the rest was one cause
that had led to that proposal. It was proposed to
nue the reserve fund to 1,000,0001. With the pro-
Posed increase of capital there would be 3,000,000/.
14 a security to the public, and be believed the
üblic would appreciate that state of things. The
date, of payment had been made convenient to the pro-
Pieter&
The SccitrrAtur then read the formal resolution for
°ening out the object.
Mr. Alderman SALOMON.% M.P., seconded the resolu-
tion.

I, repl to queion
Ti. CHyAIRMAN s sttated s,
that unless the first call were
led by the time provided for the penalty would be en.
breed ; the shares would not in that case be issued to the
Items who was entitled to them.
In reply to a further question,
The CHAIRMAN said there was no intention of incresaing
reserve fund beyond a million.
The resolution was carried unanimously ; and the Chair.
b4l announced that a meeting would be held on Friday
fortnight to confirm it.
The proceedings terminated with votes of thanks to the
mrecters, the general manager (Mr. Ewing.), the =AM
Rh, and the other officers of the bank.

THE FREN( H BRAVOS.—The prefect of Police,
k. Pietri, has addressed the following letter to the police
authorities of Paris :—" Paris, July 15, 1867. Gentlemen,
—The journals have called your attention to sets of vio-
hue which have been committed even in the public
r",t+. The authorities cannot confine themselves to
1""*II regretting such acts. They must prevent tkem,
far as they can. Our most imperative duty is to pro-
tect all citizens and afford them security. After having
seva the Minister of the Interior, I have therefore to ask
lOU to redouble your vigilance, and to afford to all who
'twit', it your impartial protection. You will, moreover,
al toes report of the results of your vigilance."