The Express.
London, England, 1867-05-09 00:00:00

.V P.. .4 -17) 711 E GoVERNMEN T.

%%.„ Mep.nre) learn from a political c0r-
.....p1at th.,t it is toe intention of Mr. Lowe to give
a motion of no confidence in the prevent govern.
The pn,ent position and past history of the Reform
afford ample ground for such a proceed-
! ut, in addition to this, even a large section of the
•,..t:ve itaelf is eager to denounce the conduct
and the Hume Minister for his Hyde.park
We seem to be on the brink of a crisis.

Lorpos. BRICEILWA T-( Y.ON,
HIS DAOUTH COAST
TY.)

11. • day a special general meeting of shareholders
m the International Hotel, Loadon•bridge ; Col.
•., M.l'.. in the chair.
i.eforc the hour of meeting the room in which it
tilled by shareholdem who occupied the time
i•riv a...limos:dons as to the position and prospects of

..otaptcy.
tins, ‘w. referring to the reports which had
....id he had no doubt those reports had been
hy the psuprietors, and the bearing of the one
•_n the other ionsi..nody considered by them.
• a.. he was concerned be would endeavour to abstain
anything calculated to create dissension. lie

not enter into minute detail, or refer to the
,• ~t the end of the report. He believed theirs
:0 improving property. (" Oh, oh." and laughter.)

•iol not think the line haul ever been properly
With regard to Sir C. Jackson,
h.ol to ray war that he bad no objection to investign•
•,. if 'nth investigation was conducted by jo.rsons
1,.,.1 a permanent interest in the company.

I!. 1,1 the greatest respect for Mewirs. Baxter, Bove,
Norton, one of whom was bin personal friend, but
not pn (sired to place in the hands of that firm err
p‘locri and documents, seeing that they were the
.;.,,turn of the London, Chatham, and Dover,
o.ch wa. the main cause of the Brighton being
,!.../1 in its present position. (Hear.) But they had DO
rtion to an insestigation by gentlemen having a per.
nt inter.. 4 is the company. They had stopped all the
~.do which were not absolutely necessary, and con-
,. t.. 1 the expenditure in other respects. They bad signed

at A.oeetuent with the South Eastern, which would
L,I to peace and harmony and mutual advantage
11, holed the south Western 'Wit also come into it, and
I, had no objection even to the London, Chatham, and
ii ~,r. (" No, no.") Unfortunate as was their pre-
i... t pAition be believed this was the turning point in their
fortunes, and that the time would come, and was not far
,hoot, when the Brighton Company would occupy the
place it once did as the first railway in England. (Cheers.)
jrs C. JArgiocc rose to move the following resolution :
" That this meeting is of opinion that no vacancy should
be !lied up in the present board of directors until a re-
p.rt by a committee of investigation, to be appointed at
this meeting, shall have been presented to the share-
l...hleN, and that this meeting be adjourned to the 16th
init. to receive such report. The committee to consist of
the Bight Hon. Lord Westbury, Sir Charles Jackson,
Ralph L Lopes, Esq.' Colonel Heller, ILP., Jonas Levi,
b:.1., and henry John Anthony Goes, Esq. That such
committee shall have full power to ins- t and take copies
of or extracts from the company's books, papers, and
documents, and to obtain such legal and other
.istanee as they may require, and that the di.
.ctors and officers of the company are requested
render to such committee every assistance and
formation in their power. That the directors be and
u are hereby restricted from entering into any agreement
r ether important arrangement with any other company
ithout the full sanction and co-operation of the coin-
awe. That the present directors be requested to place
our beats at the divusal of the shareholders, with a view
a reconstitution of the board at the adjourned meeting.
hut this meeting is of opinion that the Wharnclifie
tog, which now stands adjourned to the 16th instant,
mold not take place, but that if it should ultimately be
ought necessary to submit the bill now before paella.
est in its present or in an amended form to a meeting
I the proprietors, a new liffe meeting should he
led for that purpose."
_ .

The speaker warn proceeding to address the meeting when
'veal proprietors who crowded the door complained that
le room warn insufficient, and asked for as adjournment
i a larger room.

The CHAIRMAN aril they tried to secure• larger room,
to failed to get one.

sir C. JAcittox said be would now proceed to address
be meeting with regard to the three lines.

The (Nei Kiwi said it might prevent discussion on that
tint if be were to say that those lines would be with-
tarn from the bill this year, but without prejudice.
loud cheers.)
Sir C. JACKSON acid that the action of the committee of
'ere had not been without result, and he coogm-
de upon it. (Hear.)
he meeting was still going on when we went to prams.]

ITIONAL PROVINCIAL BANK OP ENGLAND.
(THIS DAY.)

This day the ordinary general meeting of pro-
'eton was held at the Bank premises, Bishopsgate-stnet ;
B. B. WADE in the chair.

The report stated that while the failure of °reread,
end Co. and it. results had proved disastrous
ry banking institutions, it secured a large amm-
o( valuable business to this bank. The removal
the ' to London, though coupled with the
of the right of issue, had fully realised the
. formed by the directors. A large and valu.
_..aness was done at the end of the year, the new
rinses numbered no less than 3,191 fresh accounts. The
sit of the year's operations were the following :
1866. Jan. 1. Rest or undivided profits at 31st Decenu-
, 1866, as exhibited at the annual meeting in May,
322,412/. 4s. ; less, bonus declared and paid in cash
1866 out of this, amounting to 86,400/. ; leaving
12/.45. Dec. 3L Net profits of 1866, after ranking ample
mance for bad and doubtful debts and bonus of 10 per
to officers, 283,5741.70.5 d. ; making 519,5861. Ils. iid.;
undivided profits for 1861, 10,060/. ; total 529,5861.
Id. Deduct : Dividend on company's stock, paid
, 1866, 43,200/. ; ditto, January, 1867, 43,2001. ;
of 7 per cent. paid January, 1867, 75,6001. ; undi-
profits to next year, 20,000/. ; together 182,0001. ;
ig 347,586/. Its. ad.; out of these ',ratite the diree-
rroposo to declare, in addition to the foregoing divi-
and bonus paid to proprietors as above stated, •
bonus of 9 per cent. in July next, making
Mon of profits in 1866 in all 24 per
1.11)u the paid-up capital at 31st December, 1866, free
income-tax, amounting to 97,200 i. ; leaving reaerve
rd. 110. invested in government securities.Thri
m have had application from a variety of quarters
to branches under favourable circumstances by
et or amalgamation with bighly•respectable estab.
rots, but finding the general business of the bank,
in town and country, progress so rapidly from
?rodent course., they felt called upon to decline
as a premium for any such accessions. An eligible
nag was afforded at Norwich (by the withdrawal of the
aolulated Bank) to strengthen the bank's connexions in
cast of England, and the premises of that establish-
:at together with the services of its local manager having
secured, • branch was opened there in June last, and
complete success. In Wales • sub-agency was opened
impeter, which promises to be a useful adjunct to the
Jovery branch.
Liabilities.- -December 31, 1866.—Dr: To paid-up
ital, 1.080,000/. ; amount due by the hank on deposits,
13,019,813/. Is. 8.1. • acceptances, ;MAW. ld. ;
eve fund, IstJanuary,lB66, 216,012/. 4a.; addition, 31st
amber, 14,3741. 7s. Id. • together, 260,386/. lls. bd. •
it :tad lota balance, 117,3101.; total, 14,842,8224 ba 2d:
eta. Cr. By cash in hand—at Bank of England and
tuba, all and short notice, 2,002,2481. 13s. 3d. • by
rernment securities, 2.248,476/. 13s. 101. • by other
:unties, debentures, he., 1,222,528. 13s. id. ; by bills
mooted, loans, lea, 9,101,701/. Is. 11d. ; by freehold
ke., in London and country—total amount,
4,76 W. 40. 3d. ; less, at credit of building fund, 66,896 L
104. - 267,870/. Oti. sd. 14,842,8221.55. 2d"
The CHAIIiMAN, in moving the adoption of the report,
that the results of the hank's working bad exceeded
it moat sanguine expectations. (Hear, hear.) The
loosed through the last as through all former panica,
a most eatisfactory way. There was not one hour's
.mt of confidence, he believed, in the bank during that
`rug Period. This was in great part owing to the excel-
-4 management of the managers and all connected with
• working of the bank. The business begun
London was but the foundation of • very
and increasing, as well as a sure business. But
looked and would continue to look to the provinces
air stronghold. The increase of business in some
sof the country—pitch as Manchester, Birmingham,
Was so great that they found it necessary to enlarge
w pre-Wm.:l. For the first time since their foundation
7 Published a statement of their liabilities and assets.
they read the figures he hoped the proprietors would
ss pleased with as the directors were proud of them.
L
be motion having been seconded, • short discussion
med. after which the report was adopted.

1,;r.rp,0l Merr,fry pubhshea a circulir an-
'ftisg the suspension of Messrs. Given, Watts, and
of New orleans of Watt., Crane and Co., of New
and W. U. Watts and Co., of Liverpool.

, cheers.)
Sir C. JACKS°.
holders heti
lated the meet
)Ike meeting I
TIONAL
This day ti
• tors was Itch
r. R. B. WADI
The report el
orney, and 1.
many hankie
0 of valusbl
the bank
wierilee
I pectatione to
le business s
urines' Immix
alt of the yea
"1866. Jan. 1
. 1863, as e:
816, Sfl,4 2t.1
11166 out o
k;,012/.4. Do
lemma for bi
nt. to officere,
d undivided
Is. sd. Deduc
illy, 1866, 4:1
, mut 7 per e
.led profits to
ring 347,586 f
propose to
ad and bunt
her bonus
division c
et. LUDO the 1
iscome-tax,
mires have
• open brain
msler or am
tatießte, but
h in town
fependent al
Peg • premit
.euig was all
ussolidated It
resat of En
at together
secured, I
it complete
Lempeter, w
ndovery bra
• pital, 1.080,01
• 13,6ke,8131
e fund, la
her. 14,3
it and loss I
ta. rr. By
oche', pal
rernment eel
:unties, debe
'counted, los
• ke.,
,4.76 N. 4e. :id.
104.
The CHAllia:
i.I that the is
'ls' Must man
ak pared the
most eatis(
..nt of confide
• int period.
mehageme
e working
London
r 7,. and Mery
''looked an,l
their germ&
4.tm nt the col
•-• WILS so gm
▪ prroilies.
Published
!ail they teal
pleased
hear.)
The luotiOn b
tied. After wl
'awing the
-of New fl
et ; and IV.