The Express.
London, England, 1866-05-24 00:00:00

THE EXPRESS, THURSDAY EVENING, MAY 24, 1866.

LATEST SPORTING INTELLIGENCE

(BY ELECTRIC TRLEORAPH.)

MANCHESTER MEETMG.-(THIS DAY.)

TWO-YEAR-OLD STARES. Five furlongs.
West Lancashire, c by Fandago, Timbre], Teddy,
Deceit, Rejoinder, Thermometer, and Premier are here.

CITY HANDICAP. Three-quarters of a mile.
Queen of Trumps, Edinburgh, Wild Poppy, The Count,
Fist Lynn, East Stanley, Caithness, Kenilworth, and
WaSett are here.

MANCHESTER TRADESMEN'S CUP. Two miles.
Clown, Helen, Arkansas, Honesty, Retrousse, and Car-
parby are here.
PAID Foarsrr.—Moulsoy, Cathedral, Archimedes, Ruck-
foot, Sandal, Harry Brailsfurd, Esca, Miss Haworth,
Nizam, and Miss W• •

SELLING HANDICAP. One mile.
East Stanley, Vagrant, King of France, Wallett, and
Lady Touchstone c. All are here.

TRAFFORD PARK STAKES. One mile.

—........ .....—.—. ___ __
Queen of Trumps, Excellor, Wynnztay, Selim, Malvern, ii
Castanet, Alberta., Retrousai, and Wallett are here. St
84
PAID FORFILIT.—MouIsey and Honey Bee. Si
ENTRIES FOR HER MAJESTY'S PLATE. Three miles. 11
Selim, Honesty, Dart, Arkansas, Helen, Cutaway, si
Clown, Cuataloga, and Lozenge are here. SI

BANE OF HINDUSTAN, CHINA, AND JAPAN
(LIMITED).-THIS DAY.)

The fourth ordinary meeting of the shareholders
of this company was held at the London Tavern this day ;
Mr. DANIELL in the chair.
81
The report of the directors, which was taken as read, lc
stated that the net profits of the year, including 1,147/. 7s. lc
Ild. from last account, after defraying current expenses, it
amount to 23,485/. ea. 2d., out of which the directors IC
would have been pleased to recommend a dividend in the If
usual course ; but under the existing circumstances of the
bank they consider it more prudent to carry forward St
the amount. The shareholders will not be surprised to 125
learn that, owing to the numerous failures of firms of ,; St
high standing and repute, and to the prolonged and great St
depreciation of all descriptions of Indian produce, it has ! 84
been found necessary to transfer the sum of 87,7941. Is. 2d. t
from the reserve fund of the bank to meet losses incurred si
on transactions entered upon by the branches during gf
the latter part of 1864 and the early part of 1865. ii
In addition to this sum, the bank will have to sustain I 2!
eventually a further loss from the estates of some Bl
failed firms, the realisation of whose assets cannot
at present be estimated with greater accuracy, but . s
which, in their opinion, will not exceed 70,0001. I
It is a source of gratification to the directors that, S
since the period above specified, the affairs of S
the bank have progressed satisfactorily and profitably. 141
With regard to the transactions of the head office they ;
have been of a profitable nature throughout. The directors g
have the pleasure to inform the shareholders that, not- 2
withstanding the monetary pressure which has existed for
some months both in London and India, the deposits of the it
bank have steadily increased.
81
The CHAIRMAN, in moving the adoption of the report, lc
said they unfortunately stood in the same position as other si
Indian banks ; that was to say, they had lost considerable
sums of money. Nevertheless, they were in a position to
continue the business of the bank, for they had 750,000/.
capital still. Notwithstanding their positive instructions
their managers in India and China, led by the specu-
lating spirit that was then rife, had improperly advanced
large sums, and there was a contaued loss from the
same causes. which had before resulted in a loss of 70,000/.
and which had raised their loss to 150,000/. But for
87,000/. of that amount there were things that might
come forward,—shares, Lack land shares, and other securi-
ties of the kind, which persons connected with India would
understand—which would hereafter become of value. The
bank had a capital of 750,000/. to work upon, it was in high
credit in India, and they were now doingagoodandsafebusi-
nes* there. Their manager in Calcutta was over here some time
ago ; he had made large advances to persons over there.
They sent him back with instructions to collect those loans,
but instead of doing that he had made further ad-
vances, and as they believed, or suspected, to
friends of his own. They had got rid of him,
however, and of all the other managers who
had acted in a similar manner. He believed from his
heart that their bank was in a sound and safe condition.
Banks were amalgamating in India and breaking too, and
if this bank continued to hold its own it would receive a
large accession of business.
Mr. RICHARD SPOONER seconded the motion.
Dr. BIAZACHELLI said he had recently returned from
Calcutta. He had had much experience in that city, and
he believed that if they had hail a local board of directors
there instead of making large losses they would have made
large profits.
A lengthened discussion ensued, in the course of which
Mr. Kt NIKE.% drew attention to the severe depreciation of
the shares, expressed an opinion that there were too many
directors on the board who were also director"' of the
Credit Mobilier, and suggested that they should retire, and
Mr. CAPE, M.P., moved that the whole of the directors
, should retire, and such of them as obtained the votes of a
majority of the meeting should be re-elected.
Several shareholders expressed their disapproval of this
course.
I The discussion was still proceeding when our reporter
left.

A meeting of the Leeds Chamber of Commerce
was held yesterday to consider the recent decision of
the bankers of the town to close their establishments at
1 o'clock on Saturday. In the discussion which
took place the inconvenience which had occurred
from the change was pointed out, and it was
suggested that the difficulty experienced might be met by
the banks remaining open, as the merchants do, until
two. No resolution, however, was passed by the chamber,
and it is not very probable, therefore, that any extension
of the banking hours on Saturday will take place.

The first grand review for the season took place
at Dublin on Tuesday in the Phienix-park at half-past 10
o'clock. The troops reviewed consisted of the B battery
Bth brigade Royal Artillery, the battalion of the Cold-
stream Guards, the 2nd battalion GOth Rifles, the 91st,
the 75th, the 85th Light Infantry, the 92nd Gordon High-
landers, the sth Dragoon Guards, the Gth Dragoon Guards
(the Carabineers), and the 10th Hussars. The whole force
was under the command of Major-General Cunningham,
in the absence of Sir Hugh Rose, who is on leave.
The Boccherini, a journal of Florence, asserts
that Rossini has written to the Pope, praying him to re-
move the interdiction which prevents the employment of
female voices in most of the churches in Italy.
_

The North German Lloyd's and the Hamburg
and American Steam-packet Companies will, it is expected,
convey to New York nearly 200,000 German emigrants.
The approaching war is hurrying the Germans to leave
their Fatherland for a home in the far West.

THE DISTRE.SS IN THE MANUFACTURING DlS-
ERlcrs.—The Lords Commissioners of her Majesty's Tres_
sury have, on the recommendation of the Chancellor of the
Exchequer, and at the reqiiest of the President of the
Poor-law Board, awarded to Mr. Fernsll, C. 8., the sum of
1,0001. for the extra services which he rendered as special
commissioner of poor laws during the period of distress in
the manufacturing districts of Lancashire occasioned by
the scarcity of cotton. Their lordships have also granted
gratuities, varying from 1501. to 10/., to some of the clerks
who have been employed on this branch of the public
service. . . .

THE PARALYSED AND EPILEPTIC.—A festival in
commemoration of the completion of the new hospital in
Queen-square, Bloomsbury, was held last night, when a
large number of the friends of this charity sat down to a
dinner at Willis's-rooms, under the presidency of Viscount
Enfieid, M.P. In accordance with a growing and commend.
able custom, the festive board was graced by the presence
of the ladies. The chairman, in proposing the toast of
the evening, said there were not less than 100,000 suf-
ferers from epilepsy and paralysis, while the average
mortality in England and Wales from these diseases
Will not less than 12,000, or, including nervous diseases,
60,000 per annum. One-seventh of these cases occurred
in the metropolis alone. In 1864 the receipts of the
charity were 4,097/., and the expenditure, 2,170/. In 1865
the receipts were 5,4241., and the expenditure, 2,491/.
In 1864 the sum of 2,000/. was placed to the credit of the
building fund, and the sum of 2,6001. in 1865 ; so that,
up to the present time, enough had been subscribed, with
the exception of about 5001., to open the new hospital free
from debt, with accommodation for seventy inpatients.
The chairman stated that he had that day gone over the
new building, which would be opened in the course of
two or three months, and would combine the advantages
of cheerfulness, quiet, comfort, ventilation for the in-
patients. It was also stated that the out-patients, as well
as the in-patients, will be seen by the physicians of the
hospital. Day rooms will be attached to each ward, and
bath-rooms on every floor, the whole of the expense of
furnishing the rooms having been provided by the ladies.
A letter was read by Miss Johanna Chandler, hon. secre-
tary to the ladies' committee, enclosing a cheque for 3.501.
for the purchase of the ground rent, so as to make the
site entirely the property of the charity. Subscriptions to
the amount of 1,3001. were announced.