The Express.
London, England, 1866-11-19 00:00:00

THE EXPRESS, MONDAY EVENING, NOVEMBER 19, 1866.

Mr. Vann then contended that there was not sufficient
testimony to convict for the alleged offends in simply
proving that the implements for such were there.
Foreigners it was well known, ware in the habit of carry-
ing cards about with them for the purpose of amusement,
and, in the absence of the landlord (the defendant), might
have done so without his knowledge.
The m said he bad no doubt about the matter,
and defendant, who had been fined before, had to pay 40s.

had been lost, and they nowrecommended the shareholders
to sanction that step. The directors believed that under a
There
liquidation 101. per share would be returned.
There had been a scheme for reconstruction, with a
reduced liability, and sixty or seventy of the largest
shareholders bad conferred with the directors on
the subject ; but this scheme it was decided on Friday
last to postpone, and those assembled directed their atteu-
800 instead to the best mode of liquidating. Resolutions
were passed with that view. He then read the reao:utions,
which were substantially in favour of a voluntary winding
up with a substitution of a committee of six shareholders
for the provisional liquidators. Step. for reconstruction
might be taken hereafter or something done to dispose of
the assets to another bang. In conclusion, he remarked
that the acceptances of the National Bank had been re-
duced below 500,0001., and moved the adoption of the
report and accounts.
Mr. A. KINTIMA protested spinet the adoption of the
report and accounts under the present circumstances.
Mr. P. VANDERBYL, M.P., reminded the hon. proprietor
that the report emanated from shareholders appointed by
the auditors.
Mr. It INTRZA still thought that the report ought only to be
received. At the same time he had always been in favour of
reconstruction with a view to a connexion with some other
bank, as the beet mode of recovering as much as possible.
He had no wish to throw blame on the directors,
but he should like to know whether, quite inde-
pendently of the late manager, Mr. Thompson,
heavy losses had not been incurred at the bead office in
London. (Hear, hear.) It was of no use to say that this
man or that one was not to blame—some one must be to
blame—aud the shareholders would neglect their duty to
themselves if they did not inquire whether anyone hero
or elsewhere ought to be brought to a bar of criminal jus-
tice. (Cheers.) He wanted to know who were the men, if
there were any, who had dipped their bands dishonestly
into the pockets of the shareholders. (Hear, hear.) They
were now told that the losses amounted to over 700,0001.;
yet only a month ago there was issued by the directors
a circular in which they said that an audited statement
' would be presented on this occasion which they hoped would
be satisfactory to the shareholders. (Hear and laughter.) It
11 was marvellous that so short a period ago the board were so
ignorant of the affairs of the bank. He charged the di-
rectors, many of whom were City merchants of the
highest standing, with having for years conducted
the affairs of the bank in total oblivion of its
real position. The most important question for
the shareholders was how they might recover as much
as possible ; but they ought not to leave the management
in the hands of professional accountants, or of persons
who had proved incompetent.
Mr. MITITLEBURY was astonished City merchants of repu-
tation could have been such dupes as the board bad been. He
moved a resolution to the effect that the bank be wound
up voluntarily under the inspection of the Court of Chancery,
and that the following gentlemen should be elected at a
meeting, to be called as early as possible, to act as liquida-
tors—Mr. Alderman Allen, Mr. Vanderbyl. M.P.' and a
director of the National Bank, Mr. Kintrea, Mr. MeNare,
and Captain Engledue.
Col. Weon seconded the motion.

SOUTHWARK.
lIIPODIDIT SHOP ROBBERY.

Timothy Donoghue, s tall powerful looking man, well
known to the police se s returned convict, was placed at
the bar before Mr. Woolrych, charged with stealing s pair
of boots from 111, New-cut, and vaulting Benjamin
Bladwell,

The prosecutor said he managed a boot and shoe busi-
ness at No. 111, New-cut. On Saturday about 7 o'clock he
was attending to a customer when the prisoner entered
the shop, took a pair of boots from the win-
dow, and after carefully examining them he coolly put
them under his coat and left the shop with them.
Witness pursued him, and on stopping him told him to
come back to the shop as he wanted to speak to him.
When they got to the shop door the prisoner suddenly
sprang upon him and knocked him down. They then had
a struggle together when the prisoner got hold of his neck-
cloth and attempted to strangle him. Fortunately
Inspector Edwards came up at the time and released him,
and the prisoner was eventually secured and conveyed to
the station house.
Richard Edmonds, inspector of the L division, said he
was passing along. the New-cut at the time in question,
when he heard cries of " Police" at the prosecutor's door,
and perceived him and the prisoner on the ground strug-
gling together. The latter had bold of the
former's neckcloth very tight, making use of
very violent language. Witness pulled -him away
when the prisoner turned upon him, and was very violent.
On searching him he found a loin of pork concealed on his
person, which no doubt be had stolen.
The prisoner here said that be was so drunk that he
knew nothing of the occurrence.
The inspector informed his worship that he had been
drinking, but he knew what he was about.
Lewis Rogers, police-constable 187 L, said he knew the
prisoner as a notorious thief. He was present at the
Surrey Sessions in December, 1888, when he was sentenced
to penal servitude for felony, after several previous con-
victions. He was liberated with a ticket of leave. He
had since been convicted of felony.
The prisoner denied that, but
Mr. Woulrych committed him for trial.

BANK OF HINDUSTAN, CHINA, AND JAPAN
(LIMITED).-(THIS DAY.)

An extraordinary meeting of the shareholders
was held at noon, at the London Tavern, Mr. M
Smiri in the chair, to receive an audited statement of the

•
affairs of the company.
The following report and balance.sheet were presented
by the auditors :
" We the undersigned hereby certify that we have
closely scrutinised into the value of the assets of the bank,
and regret that we have to report a very large estimate of
losses at the head office and several of the branches. These

A SHARLHOLDER observed that the meeting was prema-
ture in entertaining such a resolution, having been called
merely to receive the auditors' report and balance-sheet.
A long and desultory discussion ensued as to the proper
constitution of the committee of liquidators.
[The meeting was proceeding when our report left].

losses have for the moot part been made at the Bombay,
Calcutta, and China branches, and appear to us
to have occurred from the most reckless manage-
ment, and in some cases in almost total disregard
of the established rules of the bank, and in opposition to
the special instructions of the head office. These remarks
apply more especially to the Bombay branch, where the
funds of the bank have been squandered in the most
wanton manner, and money advanced to parties no-
toriously unworthy of credit, and upon worth-
less securities. More than one-half of the whole
losses have been made at this branch. From the
report of Mr. Stewart, dated 12th October last,
who was instructed to make an investigation of the opera-
tions of the Bombay branch, and of the value of its securi-
ties, we make the following extracts:—' Hitherto deviations
from your instructions appear tohave beenthe rule—not the
exception—hence the serious losses incurred aS this
branch. Had your general instructions as to local
hipline's alone been attended to, fully one half of the
present estimated losses would have been avoided. Until
within a few months past very little attention appears to
have been paid to the reelisation of the outstanding debts
owing to the bank and it was only after my arrival here
that active steps of a legal nature were adopted. I have
endeavoured to ascertain whether there were any special
causes to which to attribute such unfortunate results at
this branch, but have been unable to trace any
beyond mere mismanagement. The enormous operations
duringthe ball-year, to which you refer, appear to have been
entered into without any definite object beyond that of
doing a very large business. Little or no calculation would
seem to have been made as to the probable results of the
operations entered into, and so far as I can judge, provi-
sum for liabilities coming due from time to time was not gene-
rally made in advance, so that when large amounts became
due, they had to be met by a sacrifice in rates of exchange.'
We have sought from the latest returns received from the
several branches, together with the report of Mr. Stewart
referred to, and explanations from the general manager and
other officers of the bank, to obtain the fullest in-
formation of the circumstances attending each ac-
count, and of the value of the general assets
whereon we have based our estimate of the probable
amount of losses that will be sustained by Abe bank.
The information and returns received in some cases are very
insufficient; having, however, carefully examined all the
accounts and statements available, we believe we Nava kr-
rived as neatly as possible at a correct statement of the
probable loss, which wo estimate will amount to about
713,4041. beyond the sum of 87,7941. Is. 211. written
off the reserve fund of December, 1865. The
capital account of the bank under this estimate will
stand as follows, viz.:—Paid up, 892,217/. ; estimated
value of 26,7531. calls in arrest-, 15,000/. • balance of re-
serve fund, 20,6051.; total, 927,852/. Deduct estimated

The next auction of the London Stock and Share
Company (Limited) will take place to-morrow (Tuesday)
at I o'clock precisely, immediately after which the first
emption for the purchasing in public of bonds, stocks,
shares, &c., w;11 take place.
In his sermon, yesterday week, on the marr;age
of the Princess Denier, the British chaplain at St. Peters-
burg compared many of the circumstances connected with
the history of the newly-married princess with those in
the life of Ruth, the gleaner in the fields of Boaz. The
most difficult point to touch upon was the change of re-
ligion. but here again he found a similarity between the
fate of the Danish princess and the Moabiteas. " And,"
says he, "if some shaking of the old religious forms and
habits should visit her with disturbing fears, yet in the
new faith was there nothing which need rob her of the
ever-present grace of that good God upon whose bosom he
whom first she loved had laid down and slept."
THE PI'iNCE OF WALES IN Rtssu.—The fol-
lowing is the reply the Prince of Wales made to the address
of the English residents :—" Gentlemen,—l am much gra-
tified by the sentiments which you have expressed to me
on the occasion of my visit to St. Petersburg, and I shall
nut fail to acquaint the Queen with the feelings of loyalty
and patriotism that animate her Majesty's subjects in
Bussia. It is also gratifying to me to learn, as I am sure
it will be to the Princess of Wales, that you hail the con-
nexion now established between us cad the hereditary
Grand Duke as a means of strengthening the hienilly rela-
tions of Great Britain with an empire iu which you enjoy so
many adrantsges ; and I sympathise warmly with ) our
earnest wishes for the happiness of the Emperor and the im-
perial family, and for the prosperity of the Russian nation.
You say truly that a community of material inter eats must
have a favourable influence on the intercourse of the two
countries, and it affords me the highest satisfaction to
know that those interests are still upheld in Russia as
they have been for the last 300 years by a body of British
residents who possess the respect and confidence of the go-
vernment and people, and who occupy a position at once
honourable to themselves and to their country. We have
happily become aware in England that our own well-being
is promoted by that of this nation, and I congratulate you
sincerely on your anticipations of a further development of
the resources and commerce of Russia. Gentlemen, I
thank you again for the interest you manifest in the mar-
riage of the sister of the Princess of Wales with the Grand
Duke Alexander Alexandrovitch, and for the hope you

loss as above, 713,404/.• balance remaining, 214,4451.
As the outstanding isalances and past due bills
at Calcutta and Bombay are much dependent upon
the realisation of depressed securities and expected divi-
dends from insolvent estates, it will take time and expense

have so well expressed of happy result& from my iillia-nce
with the imperial family." The deputation was introduced
by Mr. T. Mitchell, her Britannic Majesty's consul, and
presented to his royal highness by Sir Andrew Buchanan,
A.C.B.

to recover them, but with a revival of commercial Confi-
dence in India the market for these securities may be im-
proved, whereby the position of the bank will be cone-
spondingly improved. Among theloans due to the head-office,
there are several amounts due from some of the directors,

YSIR
ROUNDELL PALMER AND THE NEUTRALITY
Liwn.—Writing to the Thu , Sir I:(.undell Palmer says:—
" What I have always said as to the Alabama claims (and
what has also been said in the de/matches of Lord Human
is this—that there has never hitherto been any rule of

in all about 5,000/., and a further sum of about 16,000/ Faterna tiiTilii law prohibiting the merchants of 1. neutral
the liability to which on the part of some of the first country from building, supplying, or selling ships of war,
directors and others is disputed ; but the matter has been either in neutral terntoryor elsewhere, to any belligerent ;
'agreed to be referred to arbitration. So much as may be nor, again, from selling and delivering, either on the high
received from this amount will go in reduction of our seas or elsewhere, articles proper for the warlike equipment
estimate of losses. There is an item of 2,781!. 175. ed. of such ships; that this proposition is established by all
included in the preliminary expenses arising out of the the greatest American enthorities, and illustrated by
purchase of shares by the directors at the formation of the the public acts of the United States, in former con-
bank in 1862, and also a further item of expeditore in troversies of a like nature ; that the prohibition of them
connection with the amalgamation of the Imperial Bank things in this country (so far as they are prohibited) de-
of China of 6,9:411. 17s. 6d. that appears to us to require pends solely on our own municipal laws ; and that the
the confirmation of the shareholders. In conclusion we °bilk:aeon of preventing them, being thus founded upon
have to state we have had every assistance from the officers the powers given to our government by our municipal
of the bank that they could reme, and such books of RC- lave, must necessarily be limited by those laws. These
count and papers as we desired were freely produced to opinions may be right, or they may be entirely wrong.
us.-FRED. MAYNARD, GEO. MACNAIB, ARTHUR COOPER, It is no par: or my present object to vindicate their cor-
anditors.-London, Nov. 16, 1866. rectneas, but I should be sorry to have them seriously
" Balance-sheet, 30th June, 1866. Dr.-To capital misunderstood."
account : Authorised 40.000 shares, 4,000,000/. ; to n
s:sietioei: MEN'S CLUB AND INSTITUTE UNION. --
subscribed 36,760 shares, 3,676,00(.; to paid 6,•F '' 'w, A subscription has been opened for the erection of a cen-
-892,247/. ; to calls in arrear per contra, 2 7..
--•* tral hall and club in connexion with this institute, and
making 919,000/. ; to reserve fund, 20,605/. 18s. 101 ; amongst others, the following contributions have been re-
to current and deposit accounts, 272,4961. 6e. eid. ; to ceived :-The Duke of Bedford, 100/. ; Mr. Henry Hoare,
loans due by the bank against securities, Te 2,144/. 106/. ; Lord ove:st me, 23/. ; the Duke of Devonshire, 501.;
4s. 31. ; to bills 'payable (this amouct includes all drafts Mr. Titus Salt, 1001.: Sir F. Goldsmid, Bart., 2.11. ; Vice-
in circulation, both unaccepted and in tmn5itu),3,635,812/. Chancel:or Sir Page Wood, 10/.; the Duke of Buccleuch,
Os. ed. ; to bills remiscounted, 1,519,1661. 13s. 3d. ; to 50/.
,l-c.
circular notes, letters of credit, and sundry other if ug 1--- .. SITYOPCAMBRIDOE.-The total nutti-
credit balance, 43,0121. 4s. lid. Total-6,692,7371. Sa. 4d. I.) Aiv ER
Cr. :-By cash in hand at bankers' and bullion at head her of matriculations at Cambridge at the commencement
office and branches, 258,609/. 175. 4d. ; by government of the present tern was 517, and the whole number of
securities, 230,7(48!. 17s. Sal. (part of these securities were residents in. the University is now 2,039. Of this windier
1,221 i are in college, and 813 in lodgings. The total of
deposited to cover loans, per contra) ; by calls outstanding
col-
per contra. 26,753/. ;by bills receivable, 4,752,039/. 9s. ; 2,039 ma be subdivided thus as regarded each l
T'y 't 113 (249 in college) • St. John's, lea (219
by bills discounted at head-office and branches, 174,0171. legs:-Trinity, °l' Y., . ' , ' -
IN. lil. ;by poet due bills (this amount is exclusive of in college); talus, 130 (83 in college); Corpus Christi, 1-ae
dishonored bills, the accounts of which were in trensien), (S) in college) ; Christ's, 119 (71 in college); Trinity-hall,
376,458/. 19.. 2d. ; by loans and current accounts, 524,452/.
95 (46 in college) ; Emmanuel, 9.1 (6.5 in college) ; Jesus,
, .
9s. ;by balances of account,' between the head office and 91 (51 "n-
-. a.milege); Clare, 74 (3Queen's, 4 in college) ; GO
branches of the brink, 256,3391. la. 3d. ;by bank premises (50 in college) ; Magdalene, 60 (48 in college) ; Pembroke,
in London per last amount, 27,800/ ,by since written off, 151(.16 in college) ; Sidney, 59 (42 in college); St. Peter's,
Ski (50 in college) ; St. Catharine's, 53 137 in college) ;
G 95/. ; leaving, 27,105/. ;he PeeliminltY expenses, °el"' ; Downing' ,34 (13 in college) ;and King's, 33 (30 in college).
by miscellaneous accounts, including furnitnre at bead-
office and branches, stamps, insurance, kc., 22,e311. 7s. ; DR. CUMMING'S PREDICTIONS.-Last evening Dr.
by sundry small debit balances 12.674!. les. 9d. ;by Cumming took for his text Jonah i., S: " What meanest
halence of profit and loss account, T 3,916/. 19s. Id. ; total, thou, 0 sleeper? arise, call upon thy God." In comment-
-6,692,7371. 81. 4d. Leg upon the story of Jonah he went over mnch of his okl
" Profit and Loss Account. -Dr. : To loss for half-yeer ground, and repeated must of his usual illustrations in m-
ending 30th June, 1866, 47,404/. 7s. 3d. Cr.: By balance ration to the approaching end of this w 'aid. He sail that
on :lath December, 1865, 23,4871. Bs. 2d. ; by balance, 20 years a;o lie had fixed upon the year 1866 as ti ha pro-
-23,916/. 19s. Id. •, total, 47,404/. 7s. 3d. bable period when time should conic to an end, mid he
" Reserve Fund.-Cr.: By balance on 30th December, had then and since been much ridiculed for his be-
-1865, 17,805/. 18s. 10d. ;by amounts since received on ac. lief. But where were the scoffers now? Did not
count of premium shares of third issue, 890/. ; by amounts the present time portend some dreadful catastrophe? The
received on forfeited shares, 1,910/. ; total, 20,6051. minds of men were much troubled, and the councils of
lea. 10d nations perplexed, by the dread of some great and terrible
"We the undersigned certify that we have carefully calamity that was presently to come upon the earth. The
examined the above with the books and accounts at the Papacy was in its last throe, and all the Pope's lambs were
head office, and with the certified copies of the returns ready to turn upon. their shepherd and tear him asunder.
' dispomarel by Victor
i
received from the branches, which as a matter of account The 10,000 nuns andthe 10
we find correct, but with regard to its representing the Emmanuel were coming overPtl
to help Dr-. Manning and the
position of the bank and for our estimate of the value of ruse yites to fight their last great battle in England. He
p the assets, we refer to our report of this date.-(Signed), believed that the true interpretation of prophecy pointed
Fazn. Menrenn, Gto. MACINAIIt, Ammon COOPER, Audi- to this year or the next, or probably 1868, as the consumma-
tors.- London, 16th November, 1866." Sion of all things ; but if any Jonah were to go to-morrow,
The CHAIRMAN said he would not attempt any conceal- at "12 o'clock," to the Royal Exchange, "tbe centre of the
ment or disguise. Since the last meeting the anxieties of commerce of this great nation, and proclsimed this belief,
the board had constantly increased, but they had he would be laughed at
struggled to meet the difficulties of the case. He bad ALL ENGLAND PLOUOIIINO MATCHXS. -On Thurs-
been absent only one day since the appointment of the day and Friday of last week the ploughing matches of the
committee in May last. He then read a private letter Hairston and Alford Agricultural Societies took place.
recently rec-ived, in which it was observed that if Some very excellent w. rk was produced on both occasions,
the managers at Bombay had obeyed orders all would have as many first-class ploughmen were present, and the land
gone right, but they had made advances of money which showed off their ploughing to advantage. In the All Eng-
were not known to the board till the parties failed to pay. land classes, the champion prizes were won by
The chairman went on to say that he believed the present Barker, ploughman to Messrs. Ransoms and Sons,
managers were all trustworthy persons. (" Oh, oh." and of Ipea:eh, in the ins case against nine, and in
laughter.) After a long consultation, the hoard had other against four competitors. The Farmers' Sons Clio,
determined upon a voluntary winding an, and he fthe at Hainton, was won by Mr. Goodyear, with a sw.ng
chairman) filed a bill for that purpose on Tuesday init. plough made by the same firm. Messrs. Ransome's plop ha
it having been ascertained that three-fourths of the capital have won 32 All England matches this autumn.

MONEY MARKET.-(THIS DAY.)

A NEW RUSSIAN LOAN FOR SIX
MILLIONS STERLING.
Oink o'Cwox.
The following prospectus of a Russian Anglo-
Dutch Five per Cent. Loan for 6,000,0001., or
70,800,00) florins, stock, negotiated by Messrs.
Baring Brothers and Co., of London, and Messrs.
Hope and Co., of Amsterdam, was issued this
morning :
Messr.. Bating Brothers and Co., of London, and Messrs.
Hope and Co., of Amsterdam, beg to announce that, in
conformity with an ukase of his Majesty the Emperor of
Russia, and with the instructions of his Excellency the
Minister of Finance, they will receive applications for the
loan therein authorised for six millions pounds sterling,
or seventy minions eight hundred thousand florins of
stock bearing five per cent. interest, on the following
terms and conditions :
Lends in due form executed in St. Petersburg will be
issued in sums of 1001. sterling or 1,1808., and 84/. 15a.
sterling or 1,0006., with twenty half-yearly) dividend
warrants payable Ist April and Ist October. new style, of
each year, at the counting-houses of Messrs. Baring
Brothers and Co., London, and of Messrs. Hope and Co.,
Amsterdam, and with an authorisation to claim fresh
dividend warrants without charge.
The half-yearly dividend warrant, will be respectively
for 2/. 103. or 29.508. on each bond of 1001. or 1,19011.
and for 21. 2s. fid. or 256. on each bond of 841. 15s. or
1,0006.
The amount of the bonds will be also reimbursed with-
out charge or deduction, either in London in pounds ster-
ling, or in Amsterdam in florins, at the offices of the above
mentioned firms, at the choice of the holder. A sinking
fund of 1 per cent. on the principal will commence on Ist
October, ISIS, and be applied annually (together with the
interest on all bonds paid off) towards the reimbursement
of this loon at par. This reimbursement will thus be com-
pleted in Si years from its commencement, and the bonds
thus destined to be paid off at par will be annually drawn
by lottery, and the amount can be received on let October
of each year either in London or Amsterdam.
The bonds will bear interest from let October, 1866, and
the payments an London will be as follows:
On 100!. bonds-
-10/. to be paid two days after allotment to Messrs.
Martin and Co., Lombard-street.
„ on 15th January, 1987.
„ on 15th February, „
on 15th March, „
„ or 15th April, „ less the half-
yearly coupon.
19 on 14th June, „
„ on liith July,
'1 on 15th August „

151.
10/.
101.
151.

101. „
10/.

88/.
On 84/. 15s. bonds :
81. 10s. to be paid two days after allotment to Messrs.
Martin and Co., Lombard-street.
121. 10s. „ on 15th January, 1867.
SI. 10s. „ on 15th February „
8/. 101. „ on 15th March, „
121. 10s. „ on 15th April, „I. as the half-
yearly Coupon.
8/. 10s. „ on 14th June, „
8/. 101. „ on 18th July,
61. 7s. 6d. „ on lath August, „