The Express.
London, England, 1866-01-18 00:00:00

ORD' NARY SEIARS9 &ND STOCKS.

190 Bristol and Suter
100 !Cambrian
all Dora and
all' Cornwall
100 !Dublin and Belfast Jane
all • Dondee,Partb,&abd.Jni
all hat London &zip Cert.,
60 1 Do.
IL 190 Gow and 8. Western
4. MI &Awn ord. 81.
4. 1
100 1 Do. Z. nag. Btk., No 1
IL 100 Great NorthotScotlandi
14 100 Greatlforthern
14 100 :Do.A I rec. no dlr. nni
t. 100 'Do.BI p. e. Lipoid B
.0. 100 Do. New. km at 25 pm !
4. 0) Do. Ord. Det Dir. Stock I
4. 100 Gt. South & West. are.)
1. 100 ' Great Western
t. 100 Do.iltour Val.Gua.lta
t. 100 Do. South Wales
t. 100 Do. W. Md.—Oxford
100 Do. Do. Newport
L. 100 Do. Do. Hereford
Ia 100 Lancashire &Yorkshire,
0. 100 London and Bleokwail
100 brl a, & B.Coset!
IL .100 London.Clatllm.& Dor
it 11001 Do. Met. Erten.
IL 100 London& North Wesui.
it. 'lOO LondouSnoutbWeetern
it. .100 an.,Bhist.,& Linoolnab
It. 100 .Metropolltaa
.0 7 Do. New
.0 61 Do. Extension
.90 all Metropolitan instriet.
100 10 I Do. do. do.
IL 100
O 5
14 100
:5 all
W.. 160
It. 100
St. ,100

3131111111C1
Do. .ati Shares
Do Bind. Darby
Mtd Kent
North British
Do. &ILL ,Perth.Dsuad
'N. Eastern—Berwick

to profit and loss balance, June 30, 1865, 4:485/. 15s. lid.;
to net profit for half-year ending Dec. 31, 1865, 22,9801. 11: * 1)). O. N. L Parc*..
84. 3d.-together 27,4661. 3s. 9/1.;-total, 3,598,9601. le. 14. 81, 100 I York • • *** •
Cr.: By cash in hand at Bank of England, and at call, It, 100 I Ds.
435,9291.18 a. ;by investments in Consols and India Stock, Sli alll Do. Stook.AtDerfing.
1,000.0001. ;by bills of exchange. loans to customers, &c., 15 10 1:13. do. 180441.-
3,007,4564 9a. 3d. ;by buildings, furniture, bank fitting., St. 100! North Louden
Ste., in London, Southwark, Liverpool, Manchester and to I L.,DO.,its••••••
Birkenhead, 47,913/. 91. 2d. ; by preliminary expenses, A. 1W ;NotthBtaQordshlre
7,6601. 4s. Bs. ; total, 3,598,9601. ls. ld. to all N. 8. Western Jana,
" Profit and Lois Aooouot.-To current expenses, includ- St, 100 Seottlah Central
log salaries, stationery, law charges, directors remuneration, of
:Dm Scottish N.E. Aber.olk.
provision for bad debts, &c., and income tax, 21,531 G. 3.. ld.; St. too Scottish idldland
to interest on current and deposit accounts, 22,296/. 15s. St 14:
3d.; to rebate on bills discounted, not yet due, 11,340/. st. 100 roam
13s. 91; to dividend account for payment of dividend of to an staines.watiagaavi;,
12s. fid. per share on 30,000 shares, 18,7304; to ditto for St. 100 iTatt Vale
payment of dividend of lls. 3d. per share on 9,589 shares, 10 8 . Do. 0........
5,393/.16i. 3.1.; together 21.1431. leas. 3d. ; to amount St. 100 'Vele of North
written off preliminary expenses, 5001. ; to amount to I 2 Waterloo at WhltehalD
written off building account, 932/. 14s. ld.; to balance tit. UN iWesstamwadl
carried to profit and loss new account, 1,839/. 13e. sd. ;
making 27,4661.35. M.-total 85,83 T 1. 156.10 d. By balance,
30th June, 4,4851. 15e. 6d. ; by gross profits for half-year
ending December 31, 1863, 81,312!. 41-151,637/.
15s. 10d. By balacoe brought down, 1,839/. 13s. sd.
" Reserve Fund.-To bad debt account, 145,132/. 8.. 74. ;
balance carried down, 70,0001.-total, 215,1321. Bs.
By balance, 30th June, 1883, 214,772/. 89. 7d. ; premium
on shares since received, 3601.-215,132/. 8.. 7d. By balance
brought down, 70,0001."
The CHAIRMAN, in moving the adoption of the report and
accounts, referred to the losses incurred by the bank in
Australia, observing that it was impossible to say at present
what they would amount to, but there was reason to believe
that they would be less than was supposed when the report
was prepared. He added that if the losses altogether
should form less than the amount set aside the difference
would be returned to the reserve fund.
Mr. J. N. DANIEL, in seconding the mot.on, expressed
a hope that the Australian estate would yield' 5 per cent.,
in which case the loss would be very much less than had
been expected. The securities were at the time when the
advance was made considered amply satisfactory, and
he believed they would recover a large portion of the
amount taken from the reserve fund. He had no wish to
defend what had been done, but the loss was owing in a
great degree to the disastrous nature of the times.
A SHAREHOLDER complained of the conduct of Mr.
Daniel, the late chairman, and his colleagues, in making
advances on such unsatisfactory securities as an uo.
finished railway in Spain, and compared the position
of the bank with that of others which were paying 13, 20,
and ev:n 30 per cent. He concluded by moving an amend-
ment, declaring the board unworthy of the confileuce of
the proprietors.
The amendment having been seconded,
Mr. CONYBEARE blamed the directors on the ground that
their report to the lest meeting was fallacious as respected the
amount likely to be received on account of bad debts. The
concern was, he said, now in a position that would I.ar
investigation, and he recommended the proprietors to show
a united front in order to gain public confidence.
After some furtherdiscussion, the report was adopted,
and a dividend at the rate of 3 per cent, per annum was
declared.

RULWAYL

LONDON JOINT STOCK .13411K.-(THIS DAY.)

The half-yearly meeting of the proprietors was
held at noon, at the Bank, Princes-street ; Mr. I'. W.
FLOWER in the chair.
The following report and balance sheet were presented :
" The directors have great pleasure in meeting the pro-
prietors on the present occasion, and in placing before them
the statement of accounts for the half-year ending on the
30th ultimo. The result enables the directors to declare
the usual dividend at the rate of 12i per cent. per
annum, with a bonus of 14.. hi, per share, making together
V. 135. per share, or at the rate of 22 per cent, per annum.
The balance remaining, viz. :-1.0021. 18s. 83., has ben
added to the guarantee fund, which now stands at 315,262/.
10s. Ild. In view of the conceutration of the law courts
in the neighbourhoc I of Temple bar, the directors
have deemed it for the interests of the bunk
that a branch should be established in tioat
vicinity. They have accordingly secured premises, 124,
Chancery-lane, which can sons be made suitable for the
purpose, and which they hope to open during the present
quarter. The following directors retire by rotation wider
the provisions of the deed of settlement, viz. : William
B'rd, E4q., Sir James Duke, Bart., D meld Larnach, Esq.,
John Timothy Oxley, Esq., and Frederick Itodewald,
Esq., who, being eligible, offer themselves for re-electioa.
Toe dividend and bonus, free from iocome.tax, will be pay-
able on and after Friday, the 26th iust.
"Liabilities and Assets, Dec. 30, 188.1.-Dr.: To capital
paid up, viz., 72,009 shares of 131. each, 1,080.0301. ; to
amount due by the bank on current accounts, depo.it re-
ceipts, circular notes and acceptances, 18,215,3a8/. is. 101 ;
to amount of "The Guarantee Fund," 30th June. 1863,
300,6151. 7s. M. ; to undivided profit from last half-year,
25,325/. 15e. 3d. ; to amount carried to profit and
loss account, 169,526/. 61. 43. ; total, 19,820,4251. 12s. 2d.
Cr. : By Exchequer bills and government stock, valued in
I accordance with the resolution passed by the general meet-
iog of shareholders, on the 19th January, 1863' viz.:-
303,0001. Exchequer bills at par, 300,000/. ; 8C3,0001.
! Consols and New Three per Ceuta. at 93, 720,0001.-
Together, 1,020,030/. By cub, 8117,1901. Ilk 43, ;
by bills discounted, loans, and other securities, 17,894,010/.
Os. 10d.: by building, furniture, &c., in rinces-street,
33.350/. ; by ditto ditto in Pall-mall, 5,875/. ; together,
39,225/. ; total. 19,820,425/. 125. '2d.
" Profit and Loss Account.-Dr.: To current expenses,
proportion of building expenses, directors' remuneration,
bad debts, income tax, Eta, 31,134/. 145. 6d. ; to amount
carried to profit and loss, new account, being rebate of in-
terest on bills discounted not yet due, 59,870/. 3s. 111 ; to
six months interest oa the guarantee fund, at 3 per cent. '
per annum, 4,644/. 4s. 6d. • to dividend account, for the
payment of half-a-year's dividend at the rate of 121 per
cent, per &noun:. upon 1,080,000/., amount of paid-up
capital upon 72,000 shares, 67,5001. ; to ditto
for the payment of a bonus of 14s. 3d. per
share, 51,3001. ; to amount carried to the gua-
rantee fund. 1,032/. 18s. 81. • total, 215,4521. Is. 7d.
Cr. : By undivided profit brought forward from the last
half-year, 25,92.51. 15s. '3d.: by balance brought down,
189,526/. 6s. 4d. ; total, 215,4521. Is. 7d.
"Guarantee Fund Account.-Dr.: Present amount,
315,262/. 10s. 11d. Cr. : Amount on the 30th June, 1663,
309.615/. 7s. 9il. ; by interest on ditto to 30th December.
1865, at 31. per cent. per annum. 4.6441.45. :by balance
of undivided profit,l,oo2/. 18s. Bd.: Wtsl, 313.262. 10s. 11d."
On the motion of the chairman the report was adopted,
and the proceedings terminated in the usual manner.

The streets of Paris were crowded on Monday
last with large lingoes, filled with furniture. It was
quarter-day, a period at which a great number of families
change their lodgings. The 15th of January is the day on
which the greatest number of removals take place except
the 15th of April. No stranger to Paris could believe that
'between 8,000 and 9,00 C families changed their apartments
on that day, were not the statement confirmed by the
official returns.
Advice. from Genoa state that Vincenzo Ricci,
the opponent of Mszzini in that city, has bees electei, so
that the candidateship of this latter has proved unguents,-
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