The Express.
London, England, 1859-07-28 00:00:00

THE WS6TERN BANK.

The reptet by the liquidators of the Western Bank
bee bees Issued. It.is straightforward and satisfactory.
'The menl4 of mother year's progress in winding-up is, that
the setlowles made in February, 1858, of the affairs of the
bask, me not materially different from the realleation, so tar
as films pmeeednt. 'The estimated produce of the 261. call
is takes at- 605,0841. Towards this call 948 contributories,
having 18,449 therm, have paid in fall; 202 shareholders,
with 2,454 shame, have eolopeornised, and 30 shareholders',
with 1,448 sharer, have become bankrupt, leaving 152 share-
holders, having 5,336 shares, who have not yet settled. The
1004 call is estimated to produce 1,446,7764, of which
330,277/. was paid up at 16th July comet, lamb( a
balance of 116,4991. to be recovered as attar that date. The
gall was met in full by 541 sharehellers out of 1,332. There
641 conteibutoriss held 10,663 shares; 374 contributories,
with 5,016 shame, have compromised, including those who
did so also under the 251. all; sad 387 coutributoriee, with
10,360 shares (including both calls), have not yet settled.
The bank directly and indirectly held 2,314 shares, leaving
27,6i6 shares in the hands of shareholders. Those In the
hands of the bank became, of course, valueless when the
bank stopped, nor were they available as contributocies
towards the deficit. It is, however, most satisfactory to ihul
that the amount realised from the calls has been more than
the liquidators had anticipated, end the ;promptitude greater
than wen expected. Ths consequenoe is, that the liquida-
tion has proceeded most favourably, and the 'two of affeirs
shows a reversionary balance se the credit of the
beak of four hundred thousand pounds, which will
be equal to thirty pounds a share upon all those
shares on which the calls have been paid up in full.
The liabilities of the bank at the Ist February, 1858, stood at
6,134,1291. ; and on that day twelve month the amount bad
loss reduoed to 1,800,452/., tbueshowing that liabilities to
the enormous amount of neoriy four millions and a half had
been paid off during the year. The ordinary meets of the
bank recovered during the same period amounted to
2,874,8344, exclusive of calls. As at thet2634uly current,
the liabilities of the bank were only ; and the
arrests of calls still 'erected to be realised amount to
143,8781. The American account is will uneettled ; but it
is expected that it may turn out better that was at one time
anticipated. It her, ,however, proved a most nueatistactory
tawisses to the bank ; and the only wonder is, how molt an
=profitable account should have been ever °pelted at all.
The unfortunate Ayrshire Banking Company are to be taken
into court in consequence of an arrangement with
them not having been completed when the Western Bank
stopped. The summons at the instance of the liquidators
against the Alpectoes is referred to in the report. Answers
Will fall to hi lodged before November, and when thew be-
t:Mee patent, the eharebolders and their advisers will be able
to form a more accurate estimate of the
me care than they can
at present. The question of a compree may then be
entered into sad dimmed with a greater probability of
sgretinssit than could be expected now; and we sinoerely
trust that an equitable and reasonable arrangement will yet
be effected, so as to save all further litigation and heartburn-
Ind.—Nor:A British Dolly Mail.

CRYSTAL PALACE ARCHERY MEETINCL—The first
great meeting of Tozophilitea, held at the Crystal
Palace yesterday, pasted off with the greatest soothes From
the target 4t it appears that 73 where (23 ladies and.6o pride-
men) competedfor thcprizes. The oontestbetweeutheledies was
principally between Mies Turner, the lady holding the
challenge bracer, and Her. Rerniblow, the former poesessar
of it for *even) yearn. Mrs. AtkinsonandLuard, mem-
bers of the Royal Sherwood Archers, aleo made good seam.
Amongst the gentlemen the Champion of England, Mr.
H. A. Fold, a till maintains hie pre- emience, being first on the
Aston
-perk althugh closely pressed by Mr. G. Edwards, of the
Astonk Archers, and Mr. Balton, who at 100 yards took
a decided lead at starting. The meedng was attended by
worst of the moat ',pert archers ia the country, all of whom
will meet at the targets again at 11 o'clookthia day, to com-
plete their several worth; dem which the prime will be
awarded. A military bead will perform in the pounds
daring the day, sod • display of the fountains will take place'
at the dose. The drawing foe the Crystal Pales* Art Union
prises also takes g.lees ta-day,.ea, burl bus being admitted fns.
CRYSTAL PALACL...I4, ...CROWN DAY.—WED-
RISsAY, JILT N.—Admire:um • oayment, 3,0013; by
• rem *lay 1,51i0; total Thaw, 4,838.