The Express.
London, England, 1867-07-10 00:00:00

FOREIGN CATTLE.
_

Mr. CANDLISH wished to ask the Vice-President of
the Council by what law is it forbidden to remove foreign
cattle from the vessel in which they are imported into
another vessel wit"out their having been landed and con-
ved to an adjoining port.
Lord H. BIONTAOII believed that what was referred to
was in accordance with a rule of the Cuatoma with regard
to the transshipment of goods and cattle.
EDUCATION OF THE POOR BILL.
.....

Mr. MOTE, in moving the second reading of this bill,
raid it was nearly twelve yearn since a me sure having the
same object was brought forward by the Secretary at War,
and eleven years since a more comprehensive measure than
Sir John Pakington's was introduced by Lord John Russell
and rejected. The bill which now stood for a second reading
was hued on the principle 'hat due provision ought to be
made by the state for the education of the labouring
classes. The education commissioners found that one in
seven and three-quarters of the whole population were re-
ceiving some kind of education ; whereas in Prussia atten-
dance at schools amounted to one in six and a quarter ;
Not only was the proportion inferior in this country to
that in Prussia, but the education given was not generally
no good. The commissioners stated that the bulk of the
educated children lived in the towns. There was the
greatest inequality as between one part of the country and
another in reference to the ree,•iot of aid from the state.
The right lion. member then sited the statistic, of educa-
tion in the metropolis obtaineu ey the Bishop of London
for the purposes of Iris fund, and said that supposing, as he
contended, oils-sixth of the population ought tobe attending
school, there were 170,000 children that ought to be and
were not receiving education. He also quoted the report
of the Children's Employment Commission to show
the defective state of education among the children
of London in various dietricta ; adding that his
inquiries on the subject had impressed him with a feeling of
deep respect for the metropolitan clergy. (Cheers.) In Man.
cheater there ought to he $2,000 children attending school,
but in reality the number was only 48,000, and Mr. Fraser,
one of the commissioners, stated that of those who were
absent, two-thirds were so because they were at work,
and the remainder because they were idle. He
then alluded to the statistics of education in
Birmingham, Bristol, Newcastle-under-Lyne, Merthyr
Tydfil, and other places, an strengthening thu case for
further legislation. Lord Russell, Mr. Lowe, Mr. Cowper,
and other authorities on the subject had declared that in
their opinion the present system was quite inadequate.
It had been assumed by the clergy that the present sys-
tem was a national one ; but, in point of fact, it was
only a system of drawing out voluntary agency.
(Hair, hear.) The right hon. gentleman then proceeded fo
examine the various schemes proposed in reoent years for the
improvement of educatinn. Hisown bill was permissive, and
its object was to enable any borough or district to levy a rate
for the maintenance of existing schools, and where neces-
sary, for the purpose of erecting and maintaining new
schools. There was to be a school committee to whom was
to be entrusted the management of the funds without
interfering with the discipline or the instruction, either
religious or secular; aml the children were not to be com-
pelled to receive any religious instruction to which their
parents objected, or to attend a place of worship. It was
proposed to extend the provisions of the bill tonightschools.
[Left sitting.]

THE UNION BAN% OP LONDON.-(THIS DAY.)

This day the ordinary general meeting of share-
holders was held in the London Tavern ; Mr. LACRIZ in the
chair.

The following report was read :
" The directors have to report that the net profits of
the bank for the six mooths ending 30th June last,
after payment of all charges (including the sum of
71,867/. 44. 8.1. paid and due to customers on their
current and deposit accounts), are 122,042 J. 13s. 10d.,
which, with 9..0,4.16/. 10s. 9,1. brought forward from
31st December last, amount to 221,4791. 41. 7d. It will
be in the recollection of the proprietors that at this time
last year we were but slowly emerging from one of the
moot disastrous monetary crises that have ever been expe-
rienced, and although your directors were then in hopes
this bank would surfer but little loss on that account, they
nevertheless deemed it prudent to carry forward an
unusually large amount of undivided profit which
was again considerably augmented in December last. From
the unfavourable result of several important accounts
then open, your directors now oonsider it advisable to
appropriate a sum of 60,0001., which they believe will be
ample to meet all contingencies that may arise from this
source, and which will reduce the amount of available profit
to 161,479/. 4s. 7d. Out of thissnm your directors now de-
dere a dividend at the usual rate of 11 per cent. per annum,
ands bonus of 5 per cent. on the paid-up capital, being with
the dividend paid in January last, 22) per cent. for the
put 12 month., clear of income tax. After payment of
the dividend ant bonus, amounting together to 150,000/.,
there will remain an unappropriated Wane* of 11,479/.
4s. 7d. to be carried forward to profit and loss new
account. It will be perceived that your directors, in
the form in which they now present their accounts, have
separated the amount of acceptances from the otber liabili-
ties of the bank, and they have stated in an inner column '
the amount of cash and remittances in hand against which
these acceptances are granted. They have further ap-
pended a statement of similar particulars for each half
of the preceding five years, which will chow the pro-
prietors how important an element this forms in the busi-
ness of the bank, and how ample is the provision at
all times in band to meet these liabilities at the fixed
periods at which they fall due. In accordance with the
provisions of the deed of settlement, the directors ap-
pointed Archibald Cockburn, Esq., of GO, Mark-lane,
London, a director in the room of John Gilchri.t, Esq.,
deceased. There will be three vacancies in the direction,
caused by the retirement in rotation of William Wilson
Scrimgeour, Esq. and Leo Schuster, Esq., under the pro-
visions of the deed: of settlement, and by the lamented
decease of the late John Scott, lEsq. : and Mr. Scrimgeour
and Mr. Schuster beino eligible. offer themselves for re-
election. Dolma Hoyle, Esq., a duly qualified proprietor,
has given notice of his intention to become a candidate at
such meeting for the office of director, in the room of John
Scott, Esq., deceased.
"General balance:—Dr.—Liabilities: To capital,lo/. per
share paid up on 60,000 shares, 600,0001.; 51. per share
added out of reserved profits, 300,0001,; 15/. per share
paid up on :0,000 shares, 1864, 300,0001.-1,200,1200/. ;
due by the bank on current accounts, deposit
receipts, including interest accrued, 10,614,718 17s. 7d.
liabilities on noceptancee (cover in hand amounting to
10,114,000 f.), 7,342,404/. Ge. 4d.-17,957,123& as. 11,1. ;
reserved fund, invested is Consols, as per contre,3oo,ooo/.;
buildings investment account, 72,0001. ; rebate on
bill not due, 11.6836. Ils. Id. ; balance at credit
of profit and loos, 101,470?. 4s. 7d.-19,702,285/. 19s. 7d.
Cr.—Assets.—Oash is the bank, 874,940/. 10s. Gd. ; cash
in Sank of England, 828,70111. 7s. 10,1. • cash lent at call,
1,716,000/. ; together, 3,419,6471. 4s. 4d.; investments in
government stock, Exchequer Rills, debentures, lee.,
1,381,521/. 4s. Ad. ; 337,0781. 13s. Consols reserved feed,
:00,0001. ; bank premises, consisting of freehold buildings
in Princee street, Blonsion-house.street, Argyll-plaoe.
Fleet-street, and Chancery-lane, and leases and fixtures of
No. 4, pall-mill East, 223,508/. lfis. 6d. ; loans, bills dis-
counted, de., 14,172,6081. 125. Id. ; total, 19,702,283/.
19e. 7d.

"frofit and Imo account : —Dr.: Dividend at the rate of
15 per cent. per annum, 90,0001. • bonus, 5 per cent.,
40,0001. together, 150,000/. ; balance, being undivided
Profit carried forward to the next half.year, 11,4791. 4s.
74.--Totsl, 161,479/. 44. 7d.—Cr.: profit unappro-
priated on 31st December, 1866, 99,436/. 10s. 9d. ;
commit now written off to doubtful debts account,
WBO/. 39,436/. 10e 9d.; amount of net profit of the
Ll.year ending 30th June, 1867, after deducting all ex-
. mes, and interest, paid and due 71,8671. 44. Bd.), allowed
lo customers on their current and deposit accounts,
13.. 10.1.-161,479/. 4s. 7d.
" The following is a similar statement of liabilities on
'",Ptancea for the five previous yearn-1862, June
",-Ptuices, 3,635,000/. ; against cover of 5,414,000/. 1863,
June acceptances, 5,516000/., against cover. of 7,448,0001.
!**4. June acceptances, 9,115,000/ ; against cover of
'jig VOW. 1865, June acceptances, 7,330,0001. against
o-- of 8,614.000/. 1866, Jane acceptances, 9,164,0001.;
imnst enter of 10,916,0001. 1862, December acceptances,
4,10.0e0/. ; against cover of 5,763,0001. 1863, December
acceptnnee.. 7,127,0001.; against cover of 9,438,000/. 1861,
beeeniher acceptances, 8,525,0001. ; against cover of
11.1°J.010/. 1865, December sen•ptances, 7,640,0001.
&client cover of 9,655,000/. 1866, December acceptances,
; against cover of 10,297,0001."
The CHAIRMAN, in moving the adoption of the report,
clpmeted his own deep regret and that of his colleagues
in the hoard at the lass sustained by them and the bank
11 the death of Mr. Scholefield. (Hear.) He might also
state that Mr. Hoyle bad withdrawn his candidature for a
sant at the board. He regretted that the etate of
commercial affairs had not attained that steadiness
_which was so much definable, and therefore they
yenned it expedient to appropriate 60,0001. to
14eet all contingencies that may arias from this

source. With regard to the accounts wi.h the railways- -
tbe Brighton and Great Eastern—he might say that they
had not sustained a penny of loss on these accounts, nor
did he expect that they would sustain any. (Hear, hear)
They had received their interest in due course, and be bad
only to add that Hier:was nothing discouraging in the con
dition of the bank.

Mr. HErvE4 expressed his satisfaction at the separation
in the accounts of the acceptances from the liabilittes.
In reply to It PROPRI ET4,R

The i'icuitmAs stated that they lent to the extent of
7 per cent. on theyreference stock of the Brighton Corn.
pany. They held ,00,0001. of that stock. Besides this
they held the collateral security of the Brighton Company.
The report was adopted.
A Piu suggested the propriety of issuing the
report three or four days before the meeting. It would
have saved him the trouble of a journey of over 200 miles
if he had known the contents of the report.
The CHAIRMAN said that they were obliged to hold their
meetings on the second Wednesday in January and July.
The accounts were closed on the 30th of June, and they
bad only nine or ten days to draw up the report and pre-
pare the balance-sheet.
Mr. Ma RIMGEOUIt was unanimously re-elected a di-
rector. When the name of Mr. Schuster was proposed
sonic opposition was manifested, founded on the report of
the Committee of Investigation on the affairs of the Brigh-
ton Company. One proprietor expressed his astonishment at
the "audacity" of Mr. Schuster in coming forward to
seek for re-election.

Mr. WILSON, a director, observed that they were elect-
ing a director of the Union Bank and not a director of the
Brighton Company. Mr. Schuster had not been a director
of the Brighton Company for 18 monthz.
Mr. SCHIMTER said he had no objection to leave the
board, although be should regret leaving colleagues with
whom he had been acting in harmony for 15 years. With
regard to the report of the committee of investigation, he
characterized it as violent, untrue, and libellous.
and asked those who read that report to read
his reply to it before they condemned him. He
had been for •-,0 years at the head of several commercial
establishments in the city of London, and he defied any
one to bring a charge against hi. honour.
On a show of hands the re-election of Mr. Schuster was
carried.
The election of a director in the room of Mr. Scott, for
which Mr. Nottidge is at present the only candidate, was
postponed for the decision of a special meeting.
The proceedings then terminated.

LATEST SPORTING INTELLIGENCE

(lIT TELBORAPH.)
READING MEETING.-(THIS DAY.)

THAMES HANDICAP. Seven furlong&
Mother of Pearl, The Vampire, 'Vigilant, and Rally are
ABBEY STAKES. Five furlongs.
Frailty c, Beery Dixon, Cock of the Walk, Englishman,
Bagpipe, Janet Rawcliffe, Milton, Grimeton, Benefactress,
and Pyrenees are here.

STEWARDS' PLATE. Seven furlongs.
Gordian Knot, Vahalathus, Overture, Monitor, Toma-
hawk, Sweet Boy, Olivia, Dutch Admiral, Rinaldo, Com-
pound Householder, Duet, Magpie, Cromwell, and Porter's
Knot are here.

NURSERY PLATE. Seven furlongs.
Seotehman's Pride, Lietor, Janet Rftweliffe, Vortigern,
Balaton'', The Lamb, Adjutant, Etiquette, Elmira, Penin-
sula, Keliora, Merry Andrew, Duffer, King Forest, Bag-
pipe and Moreau& I. are here.

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