The Express.
London, England, 1866-03-02 00:00:00

THE EXPRESS, FRIDAY EVENING, MARCH 2, 1866.

REUTER'S TZEIGRAM COMPANY.-(THIS DAY.)

-
Thin afternoon a special general meeting of the
above company was held at the London Tavern ; Mr. Dion
in the chair.
It appears from the report of the directors that Mr.
Reuter, by his personal itifinesoe on the Continent, has ob-
tained and has handed over to this ',employ " a maces-
Mon from the Hanoverian government, giving an exclu-
sive right for thirty years to lay down and work submarine
telegraph cables between the English and Hanoverian coasts,
and the same exclusive right to lay land wires to certain im-
portant places in Germany, besides other contingent &dean- '
twee of a very valuable chersoter." The report fruthersays
"II is matter of notoriety that the existing lines ere un-
able to convey messages with the expedition which is above
all things desirable in telegraphy. The directors are in a
•
pontion to stele that under the oonoession obtained, and
the arrangements they have concluded for working it,
they will be able to transmit messages from England to the
places named below within a few minutes from the time of
despatch. Arrangements have been made with the well-
known contractors' the Telegraph Construction and Main-
tenance Company, for constructing and hying down the
requisite oable, by which the actual cost of all the work to
be done has been accurately meertained. An agreement
bias also been concluded with the Electrie and International
Telegraph Company, by which the ass of a osrlials number
of wires is to be ceded to them for a tuna of five Tthles
that company guaranteeing the transmission over the
Hanoverian cable of the whole of the messages collected
at their different stations in the United Kingdom for
Hanover, Bremen, Hamburg, Sahleswig-Holetein, Deo-
mark, fiwelen and Norway, ho., and farther gusrantesing
a minimum amount of business which, under the
conditions of the conorasion, and under normal circum-
sternal, will produce a minimum annual revenue equal
to 15 per cent on the total amount of capital required.
With the view of effectually carrying out the concession,
the directors propose to issue the remaining shares of the
company (amounting to 6,500) of 254 each, on which it is
not expected that mote than 204 will have ultimately to
be paid, but to call up only 54 per share thereon, until the
mosey market shall be in an easy position. Of the above
number of shares, 1,625, er am quarter (204 paid) have
been taken by the Telegraph Construction and Manta-
asses Company. Bat the eminent with them is heatirc
a bona fide rash price, the lowest procurable in the
for first-rata work, that ecrapaey wandering the invest-
ment safe and profitable, sad looking to the future profits
of the concern for remuneration. In order that the direc-
tors may obtain the necessary capital for °greying out the
concession without calling up at ones more than 51. per
share on the new issue of shares, the following resolution
will be submitted to the shareholders:—That the directors
he at liberty to borrow any sum of money not exceeding
100,0004, with sr& powers or securities as are authorised
by clause 74 of the articles of associaties of she company,"
The powers sought for were conferred upon the directors,
and a resolution passed expressing confidence in the new
rndertakiag.

INTERNATIONAL BANE (LIMITED).
(THIS DAT.)
•-•--

An extraordinary general meeting of the share-
holden of this company was held at the London Tavern, at
noon ; Yr. J. G. ROSIXISON in the chair.
The notice convening the meeting having been read by
the Sacitsraar,
The CHATILICAN stated that in the opinion of the dime- ill
tom and for reason stated at a private meeting of the S,
shareholders recently held, it was desirable to wind op the 11
company, and that In the course of a few weeks after the
oenfirmation of the winding-up resolutions, about 121. •
share could be returned to the shareholders, alter may. s
hog ample fonds for meeting the liabilities of the bank of 3
every description.
A resolution for winding up was unanimously paned, S
and Yr. J. G. Robinson and Mr. S. Gray were appointed S
liquidators.