The Express.
London, England, 1866-03-16 00:00:00

LATEST SPO

toNDON JOINT S
TOCK
DAY.) DISCOUNT COMPANY.
(

7ELLIG}.;NCE

A special general meeting wee held at noon, at' (n napless letiellAPlL)
the /Amin Tavern, Mr. Gowen in the chair, to °welder•
•
resolution to be submitted by the directors for winding WARWICK DISETING.—THIS DAY.
11Pibeirsilaangis. lye C commenced by explaining the condition in HURDLE RAGE. On mile and a half.
which the directors found the esseammy when they entered Bmllllllt, Ace of Hearts, °newsy, Teddy, Ibex, Acolyte,
upon aka. The new directors were appointed on Gamecock, Ostler, Greenland, Antoioette, and Corsica are
the 281 h of February. On mauseacing their duties they bun.
Nod that the week bad been an eventful one. ,
fatted east the late meager had, between the let of GRAND MILITARY GOLD CUP. Three miles.
They
musty sad the let of March, made annex which lady Flioreema Tommy, Shaathia.
Ague, Lad?' P'll4t,
not authorised to the extent of 51,0001., these ad. Minn Rosebud, Bolingbroke g, ILWrisnao. B. lh"gir,
vacros being made without security. (Loud cries of Teassneo, Meerschaum, Johnay, Glenasirn, WeetbutTs
gyms.") Some of those advances were made while Victoria, and Vanden en her..
the iaquiries of the committee of investigation were pond- GRAND MILITARY HIINTARS' STARES. Three
• • sad altogether the company wee found to be railed.
ago, worse than the committee were led to suppose- Samba, Wisard,Otrowood,The Old Mae, Shandos,Queen
pre of " Shame.") Mary, The Fiddler, Sunbeam, Rupert, Fre Diable, Charte-
d PROMISOR inquired whether the late manager, Mr. beg Bey, Early purl, Mown Pippin g, The Ban, sod
Vann, was present. Slasher are here.
The CHAIRK/a could not en, but being a shareholder he
ha the usual notice. The directors did their best to meet VIMSRAN STAKES. Three mike.
the difficulties thee created. Their :ndividualeffarts failed, Daisy, Oscar, Ace of Reacts, Acrobat, Bachelor
Wild
tad thereupon they °oersted a meetitmof the prisnasZosedi- f Palles Lose, Lincolet. Loo, TrrMy, Sahib,
tea, the statements laid before whom were so ti actory Mime. Ben, audit* Pet are bore.
Oct they declined to amiss them. Under these anus-
stances they came to the oeuclusion that it wu neemary to
rind up. Mr. Genatly, a member of the committee, sedated
no directors in their endeavours to carry oa the snare ;
Let the effort wee in vain, and as the company Wu bring
eel Mere wag no alternative but to wind op. Ada mane e
lisle they determined to submit to the aarehrs the
altereative of a voluntary, instead of a compulsory, winding
sp, and that was the question for the oossidention and
decision of the meeting. Many letters had a(red
in the nwspapers, but with these the directors
did Dot think it desirable to deal. If the meeting decided
is favour of a voluntary winding up, liquidators would
have to be appointed, and those gentlemen would investi-
pho all the transactions of the company from the commons-
meet, and ascertain who were to blues for the losses
which the company had ens'aisiod. Oe the previous day be
(the chairman) hed to make ae affidavit before the Court of
Olmarsery. In that affidavit he stated, on the authority
of Messrs. Quilter, BJI, sad Co.. that the direct liabilities
et the company amounted to 1,260,0001., and the
iedireet liabilities to 2,642t0,0001. ; that the no-
minal meets amounted 4,1351,0001., and all
the liabilities, direct and indirect, to 3.892,000/. ;
tsar* a nominal surplus et 959,01 W. Hear, hear.)
Bs bad to move the folio slog resolution "That it has
bees proved to the satisfaction of the oompeany that it
osenot by reason of its liabilities continue its Dogmas, sad
that it is desirable to wind up the same." He added that it
arm proposed that Mr. Gellatly, a member of the commit-
tee of ienstigatioa, should be a liquidator on behalf of the
shareholders. Mr, °hater, deputy-chairman of the National
Discount Association, would accept the office of liquidator
ea behalf of large creditors, and his appointment would
remove all d.ffioulty so far es the creditors were coneerned
while Mr. John Ball would combine all the qualities
!paired in an official liquidator. (Cheers.):
Mr. GIaLeROITItY, in seconding the motion, mid he was
determined not to sit there quietly, but to give mime addi-
Soul information. (Cheers., The committee of investi-
'Woe were right in withholding all they knew, but now
UM the company wee to he wound rep they had no reason
Br shutting their months. The more he bad gone into
this horrible state of things the worse he had foetid
it. In the report of January, 1865, it wee stated
that in cansequenee of the stoppage of the Leeds Banking
Oempsay, end other losses, it was desirable to make a calf
sad thus put the company in a condition of undoubted
irsegth. That was not the whole truth. What were
Weed financial operations were one cause of the digester.
la the next report there was similar coeosalment. In the
last report it was stated that, in consequence of securities
losing kicked up in a railway concern, it was desirable to
make a all of 51. Had that all been greeted probably the
whole 251. per share would have been gone. He then west
ee to state that the committee found that there wore bills
held by one large Brm amounting to 275,0001. Those bills
weld she be due till May, and the firm, which he
wealil sot same, mid it was so well satisfied with the
list of shareholders that it would be willing to renew this.
He thee alluded to advances to the Contract Corporation,
we,, he said, would if possible be made to psy, and other
'demon of a similar kind. He hoped they would
sot separate that day without every one agreeing
to a voluntary winding up, which would prevent
then from getting into Chancery, where if they
seas got they might remain for ten years. The
rerareittee of investigation did not know as much of
Mr. Wilkinson when they wrote their report as they did
now. There were two or three remota for this. The late
director, were hellion without Mr. Wilkinson, and that
gentleman had fast lest hie eon ; but nevertheless. had
the committee known what they do now they would have
spoken in strong terms of condemnation. Some of
the past transactions were of the roast scandalous
nature. If ever there was a case in which directors ought
to be brought to book this was one ; and the way to secure
that objectives to appoint liquidators of the right sert—mea
who were perfectly independent of all old parties.
Mr. W. Dairy (formerly chairman of the board) aid he
was convinced that the more searehing the inquiry was the
better would the shareholders be satisfied. (Laughter.)
Be regretted the appointment of a committee of investiga-
tion, believing it would have been better to appoint a new
nerd. (A Voice, " Why, you approved of it." The hang-
ing op of a coespaey dependent on credit in that manner
was the way to destroy its credit.
Mr. Bean (the late chairman) rose amid loud groans
and hisses.

OROXTON-PARK MIDITING.-(THIS DAY.)

BELVOIR CASTLE BTAKI:3. One mite.
Gaudio, Cranford, and Leckie! are here.

BILLPHDON 00PLOW STAKES.
All the home are in sad emend the neighbourhood.
(MANDY HANDICAP. Mile end • bolt
Hominy Aelmot, Haskorien, Proviso, Miss Harriette,
end Lochl are hers.

THE CUP. Two muss.
Ackworth. DIY Swite, sod Was Harristts are Dere.

COMMERCIAL AND MARKETS.

DIARK-LLICE.--(T1118 DAY.)
The rsselss of BegUsk wheat fresh up to our market
today were limited. For selected qualities ad both red
and addle there was a fair demand, at prima *qua to
lloaday. Low end damp parcels were with difficulty dis•
posed of at late rates.
There was a Ito* supply of foreign wheat an the
stands. Balm p slowly ; yet previous rates re we
supported. The held by the leading millers are
milotio%kraillearioes of produce were steady.
The few mmples of fine malting on show were dis-
posed of at fully the late advance io the quotations. In the
vales of gnadisg. and distillieg Norte ao change took place.
Malt, though in good rraWy, moved off 'teddy, on
former Muss.
The domed for oats was in a sluggish state, at about
last week's ~rasa,. The supply was moderately good.
Beans were • dull inquiry, with • fair supply on the
stands.
The demand for peas was confined to retail parcels, at
late enneocire.
Both English and foreign flour was Is moderate rogue,
at Hoeday's qnotations.
Linseed and cokes were very firm in price.
4)(11.111INT DUCEY.
IMAM
Poe Qr.
1,11145. 11. a.
Des a, rod, old 44 to SO
new 17 to 41
„ &orbits, old 61 to 66
Norio& sad Wean. new
19
40
"

......--
rod, old — to I
NOR M T
Malin lBlo4tl
OtsUltsa
Wattle( l6 Se 11l
YAW.
Rim Norfolk. and
RI to 116
Espies and Wars
4$ it to
So itOf
brows _

OAR. L
Scotch=
28 to 32
ft to 28
Mask _ 22 to 26

mmpa. assq ss to 38
TM 3 I to 38
Narrow
119008 B9 bo 44

--
Gm
42t to to 42
at to iiil

_ _ -

1/1,001.
lbws imide, !sr 1111
111 to 46

lbs.

Aomehold 27 So 29
Ovantry
Norfolk urd &Wolk,
sz a* ll2 to 22

OLT& _ _
a. a.
Danish and fOrottelt 22 to °6
ltamiara
__ 21 to 27

Danish se le 40
147Ptlas

=
116 to $5l
_

lIIMAZ OM.

White lll te 34
Yellow

The CHAIRMAN entreated the meeting to give Mr. Brows
• bearing.
Mr. Bimini believed that the beet worm was to hear
both sides. Adverting to some financial operations re-
ferred to by Mr. Gelsworthy be said they were made with
the cooserroace of the eompany's solicitor, in whom the
bard reposed great oonfi deuce.
[The meeting was proceeding when oar report left]

NEW ZEALAND LOAN AND MERCANTILE
AGENCY COMPANY (LIMITED.)-(THIS DAY.)

The first ordinary general meeting of this com-
ply was held this morning at the offices, 50, OW Broad-
eked ; Mr. P. VANDIEBYL, in the chair. The report
eel assahnously adopted, after some explanations asked
I. and given by Mr. F. Linkworthy, the maneging direct-
W. A dividend at the rate of 6 per cent. f3r eight months,
es% the 30th of 'December, was declared.
The retiring directors and auditors were re-appointed.
lithe thee of the meeting • vote of thanks was panned
lithe chairman, the directors, and the officers of the cam.
pay, foe the zeal they had shown in the promotion of the
Warteking.

11l ALLEGED PIRACY OR BOARD THE SHIP

SCOTLAND.

YiIIVIRY INTO THE CONDUCT Of THE CAPTAIN.
Yesterday afternoon an inquiry, directed by the
hard of Trade, was appointed to bath been held before
lilacs! martin board of the Dort of London, into charges
Plferred against Captain William Campbell, the °om-
ega's, of the ship Scotland, as to his conduct on the last
viTsp from Calcutta to London.
It will he remembered that several of the crew of the
alp were tried at the last sittings of the Cestral Criminal
Court foe alleged acts of piracy during the voyage, and in
seesequesce at what was declared at the trial, sad the
remarks made by Mr. Baron Bramwell, ea to this we.
din of the muter, the nutter was mentioned in
the House of Commons, and she President of the
Board of Trade ordered that an inquiry should be
hslitatsd Into the g-neral conduct of the master during
tbs voyage, and the treatment he pursued towards the
yew. It should be stated that two of the men arraigned
el the Central Criminal Court were acqoitted, and the
Gibers were sentenced to very slight panisomeet. It had
hes anaaged that the icivastigatioc should be proceeded
with yesterday, at the offices of the Marine Baud in
lasideahall-street. There was a full board in attendance,
via Mr. Seth, the magistrate.
Mr. O'Dowd was present to readout the proceedings for
the Board of Trade and Mr. Weather appeared to watch the
rase for Captain Campbell.
Some discussion took place between the board and the
leaned gentlemen engaged, and the chairman said that as
the ioquiry involved such serious charges against the master
the board thought they ought to refer the matter for laves-
ligation at Greenwich, before the magistrate, and the
IMMOOTS.

Preach, par irolg-7.. Si to M ll
Sw .... l 3 go St u
Amargosa. 'liar bd. .. t 6 so 10
c-.-41--. .. NI to 30 is
INTO LONDON. BY WATER I
10 TO MAZUR IS, INCLUSIVE. 1

Osts. norm
qrs. qrs. bets. mad,
1610 lto 134)
20320 1290 1320
1330 2007,1 1390 2?00

I.IW.
VS.
1110
liio
IMO