The Express.
London, England, 1860-08-09 00:00:00

THE EXPRESS, THURSDAY EVENING, AUGUST 9, 1860.

ROYAL VICTORIA YACHT CLUB REGATTA.

RYDE, WIDICKHDAT EVENWG.
The boisterous and rainy state of the weather
to-day almost denuded the pier of it. visitors. The only
race for this day wee for
A Prize of :101. for small cutters. The coarse was from
abreast of Ryde pier, proceeding to the eastward, rounding
the Warner light, from thence to the westward, rounding
the Calshot light vessel at the entrance of Southampton
water, and back to Ryde pier. Once round, a distance of
about 24 miles. The following were entered :
Yachts. Tons. Owners. Flap.
Folly ... 12 ... W. L. Parry, Esq. ... Red.
Weer... 12 ... T. Chamberlayne, Feq. Blue. White Arrow.
At half-put 11 o'clock, the verde being at their stations
maw the Brilliant ship schooner, which was at anchor
abreast of the Pier, the preparatory gun was fired. In five
minute* more the 'Fun was fired for starting, when In the
midst of a thick mist and pelting rain, with the wind blow-
ing strong from the W.S.W., the Folly was the first to get
away, almost flying towards the west, the Quiver being well
on her quarter. Before reaching theNernan Buoy, in conse-
quence of the thierstate of the weather they were lost sight
of, and She time of piing or rounding the Warner could
not be made out. Whea they were again seen on their
return from the Warner the Folly was still leading, but the
Quiver ou too close quartets to render her by any means an
agreeable competitor. On peeing Ryde pier, on their way
to the westward mark-beat, they were timed as follows :
H. H. s.
Folly ll 44 0
Quiver
A splendid race now ensued between these little vessels.
On canting abreast of the Brilliant the gnu fired, proclaim-
ing the Fully the winner. The time of arrival was as under:
h. m. s.
Folly 2 20 0
Quiver 2 21 40
The nes wee exceedingly well contested, showing that
the respective merite of the vessels are very nicely ba-
lanced, when the only variation between their speed was •
minute sod a half over a coarse of more than 24 miles,

-I.;,vesteiday's report of the race the allowance of
from one vessel to another was omitted to be stated, from
which it will appear that the second prim will go to the
Thought, although the Glance was second in point of
arrival.

The Glance allowed the Cymba 38 monde, and the
Thought 7m. 21sec. ; the Cymba allowed the Thought
6m. titer. The Cymba beat the Glance by 9m. I2sec.,
and the Thought by 3m. 9.ec. ; the Thought beat the
011131C0 by bm. 3sec.
The first race for to-morrow is for a prize of 60/., open to
all mitten belonging to the Royal Victoria Yacht Old` ; a
time race, on the arrangement of half Ankara'. sole. A
prize of 101. to the second vessel.
The second race is for a prize of 501., open to all schemata
belonsing to the Royal Victoria Yacht Club ; a time race on
the arrangement of half Ackars's scale. A prize of 101. to
the second vesseL

EXTENSION TELEGRAPH COPit-

PANT. —The ordinary general meeting of this company was
held on Tuesday, at the London Tavern ; Mr. Csirr in
the chair. On the motion for the adoption of the
report (which has already appeared in our colrunin),
a slight diacussiou arose, during which the chairman
said, in answer to several questions, that there was no in-
tention on the part of the government to withdraw any
portion of the grant for the proposed line from Corfu to
iftranto in case the company should be unsuccessful in re-
storing the Malta and Corfu cable. With respect to the ,
conditions of Mears. War and Elliott's agreement for the '
restoration of the Cagliari and Malta and Malta and Corfu
cables, they would get nothing if =successful in restoring
or recovering the cables. The new line from Corfu to
Otranto would cast about 16,00 W. if paid for in shares, but
• considerable reduction would be ma& if paid for in cash.
With respect to the profit on the new line, after the payment
of the preference dividends, that would entirely depend on
the amount of business. The report we, ultimately adopted,
and the directors were authorised, for the purpose of pro-
' riding for telegraphic communication between the coast of
Italy
__and Corfu, to increase the capital of the company by
10,0001., to be raised in share, not =ending 10/. each,
baying a preference dividend at the rate of $l. per cent.
The directors were also authorised to pay the interest due
to the preference shareholders. The retiring directors hay-
inqueeu re-elected, the meeting separated.
New POLICE COURTS AT LIVERPOOL—The
badness of the Liverpool Police Courts was yesterday (Wed-
nesday) removed from the ffeelions-house, built in 18M, to
new and more commodious premises in Daleetreet, where
all the different departments of the police establishment
are under one rod.
ICPPER HOEUROPATNIO COCOA. Ito deliciona
Mew preettlid insellaste. sad Invigorating power bar. Dr.
awed lie paieed adeptisa as a breakfast beverage. int.
Matlrk palate. all& id. per lb., by the principal prows.
"Jams aolaurapatkia canna". London: —.U-
nmannered,

MiIITTNOR 07 CBEDITORS.
The adjourned meeting of the creditors of Messrs.
John Ridley and Son, bide and leather merchants,
of Newcastle and London, was held yesterday. The
balance-sheet presented at the last meeting stated
the liabilities at 23,0841., and the assets at 5,3661.,
and two inspectors were appointed to examine into
the estate. The result of their investigations is
shown in their report, the principal portion of
which is subjoined :

- .
1. As to the properly held by creditors, both partly sad
fully secured, we are of sped= that the valuation has
been fairly made, and that it will not realise more than the
sums stated. 2. As to bills payable to be retired by
drawers. —A portion of these were given in anticipation el
pods not delivered, and will be retired at maturity, the
drawers being good ; the remainder, representing 8241.
lls. M., will come against the estate, the firm by whom
they are drawn having suspended since the meeting, as well
am further depreciating the assets by 2691. 19s. Bd., a debt
due on open account by them. 3. As to bills receiv-
able.—These appear to bay* been carefully valued, and will
oertaialy not result in a less liability than stated. On the
other brad the debts and bilk on hand have been stated
with ear% and the stock, which we have traced by means
at the stock-books, is all duly amounted for and properly
mined. The surplus from West Wharniley Farm, taken
at 2311. 12s. 101., we regard as a very doubtful sask the
valuation made under the direction of Mr. Kemp being
subject to all the chances of realisation. Under all the ar-
podtonmetaaoss sod
of the without
whichu hem
dwhe2ihnr.idolly the dlelistrozz
;gained, we are of opinion that the bed mode of realising
it will be by accepting the composition offered by Messrs.
BONI to pay 4a in the pound, in three instalments, viz.,
la at three months, la. Gd. at six months, and In. at
nine months, from August Ist, the last instalment to be
secured.
It was explained that the question rested between
the acceptance of the 4s. offered and bankruptcy
proceedings. After a short discusaiun, there being
only a few creditors present, the report was adopted,
and the composition speed to. Some of the
creditors in Newcastle, however, threaten to place
the estate in the Bankruptcy Court.
The adjourned meeting also took place yesterday
of the creditors of Mr. T. Randall (trading under the
style of Parker and Co.), boot and shoe manufac-
turer and contractor, of High= Ferrers and Lon-
don. The previous meeting was adjourned to allow
the value of the stock to be looked into, and an
examination of the books by the accountant, Mr.
Kemp. The result of the examination is that the
stock is ascertained to have been somewhat under-
valued, and a small sum has been realised on the
trading. The assets are consequently increased
from 19,7331. to 20,4041., while the liabilities re-
main at 46,6161. The investigations of the ao-
countant show that Mr. Randall has carried
on business from 1866 to 1868 at a very heavy loss,
but in 1862 and 1860 a profit is shown. Re has
been supported by means of advances from Mears.
Streatfeild and Co. A sum of about 12,0001. is due
from government on account of goods supplied by
Mr. Randall, and is expected to be obtained in a
month or six weeks. It was resolved to accept a
composition of Be. &I. in the pound, 4a. 6d. of
which will be quickly paid, while Is. 6d. is due at
four months, and 2e. 6d. at six months, but discre-
tionary power is left with the inspectors to extend
the period for the payment of the two last instal-
ments to five and eight months respectively, if
necessary.