The Express.
London, England, 1866-11-03 00:00:00

ghe xpresSO•

TO CORRYAToNDENTS.
Advertisements Intended for The Express," London ening
Zlr, must be at the °Mee, 10, bonverie-stzeet, b 7 Two
k on the day of publacatlon.

DRURY LANE.
Tins Evaisnso, FAUST. Mr. Phelps, Messrs. E. Phelps, W.
Harrison, U. Vandenhott, and J. Johnstone ; Mrs. Herman
Vein and Wm Toole.—And TUE COMEDY OF ERRORS.
The Breakers Webb.

PRINCIS4BII.
Tan Emma, THE THIPI.Is ALLIANCH—After which TIIE
gtrour-voT CAPTAIN. Messrs. J. G. t+hore &0. liouey ; Mijies
Nelson, Anse::: Thz.uuron, and mrs. stir**

HAY ARK RT.
Tits rvrxmo, A Ballet Divertissement. The Iflsses Healey.—
A DANGEROVs FRIEND. Messrs. C. Mathews, Howe. Kendal,
; Mesdames; C. Mathews, Chippendale, Are.
BAUSHAW, AND BRA USHAW.—And SHOCKING RVKNTS.

LI CRUM.
This Evuna, BRUTUS AND CESAR. Miss Renrside.—And
THE LONG STRIKE. Messrs, D Boueirault, Emery, Widdleinnb,
Cowper, de. ; Mrs. D. IhweicatilL--concliKling with TWREDLE.
TON'S TAIL COAT. Mr. H. Widilicmub.—Commence at 7.

STRAND.
MEI IMMO, WAITING FOR THE UNDERGROUND.—IN
THE WRONG BOX.—DSR FRILISCHUTZ ; OR, A GOOD CAST
FOR A PIECE.—And BOO'S AT TILE SWAN.

HOLBORN.
THIS EvENING, at 7, LARKIN'S LOVE LETTERS. Mr. Bel-
mote and 111,,s C. Saunders—And FLYING SCUD. Messrs.
Neville, Delmore, Blake, Voltaire, de. ; Mesdames F. Josephs,
C. Saunders, Bessie Foote. !Utica, Lennox, Raymond. te.

BRITANNIA.
Tin ZeSarnia, THE OLD CHERRY TREE. Mrs. Lase.—llesin.
Ogden and Deulin ; Master George Perks ; Miss E. Mowbray.—
()LIDO FAWKES —And Grand Display of Fireworks.

MOB WATER AT LONDON BRIDOL
TRIO DAT —Morning, llh. 17m Aftarnoon. lib. Oka.
TO-YOLLOW—lforhing, Oh. Om Afternoon. en.

LONDON, SATURDAY, NOVEMBER 3.

THE Report of the Committee of Invest _
appointed at the September meeting of the North
British Railway makes some exceedingly painful
disclosures as to the means by which the share-
holders have been led to acquiesce in a sys-
tem of administration and policy that has proved
disastrous to all concerned in their undertaking.
To call things by their right names, these means
consisted of a deliberate falsification of the ac-
counts. The Committee, of which Mr. Jxxxs
WHITE, of Overtotm, is the chairman, obtained
the assistance of professional . accountants, and
examined the officers of the Company. The
Committee find an enormous accumulation
of liabilities of the existence of which
no one seems to have had any suspicion.
The result is that, whereas dividends have been
paid year after year, and the shareholders had
every reason to believe that all was going well,
it is now discovered that the present and post-
poned liabilities of the Company amount to
1,875,6251., to meet which there are only the un-
exercised borrowing powers of the Company-
-95,5501.—and the power to issue preference stock
and share capital. Thus, unless something can be
done immediately, a fine property must be sacrifioed.
Inquiring bow all this embarrassment has oome
about, we find that expenditure has not been
honestly compared with income, and as a natural
consequence has been lavish and unrestrained. In
the seven last half-yearly reports 304,1361. have
been charged to capital and suspense accounts
which ought to have been charged to revenue, and
the amounts thus kept out of revenue expenditure
—more than 86,0001. per annum—have been paid
sway in dividends not earned, the deficiency being