The Express.
London, England, 1867-09-02 00:00:00

restrictions provided would in practice turn out
to be wholly inoperative :
No dividend shall be declared by a company until the
auditors have certified that the half•yearly accounts pro-
posed to be issued contain a full and true statement of the
financial condition of the company, and that the dividend
proposed to be declared on any shares is bond Jide due
thereon after charging the revenue of the half-year
with all expenses which ought to be paid thereout
in the judgment of the auditors ; but if the directors
differ from the judgment of the auditors with respect
to the payment of any such expenses out of the
revenue of the half-year, such difference shall, if the
directors desire it, be stated in the report to the share-
holders, and the company in general meeting may decide
thereon, subject to all the provisions of the law then
existing, and such decision shall for the purposes of the
dividend be final and binding; but if no such difference is
stated, or if no decision is given on any such difference,
the judgment of the auditors shall be final and binding;
sad the auditors may examine the books of the company
at all reasonable times, and may call for such further ac-
counts, and such vouchers, papers, and information, as
they think fit, and the directors and officers of the com-
pany shall produce and give the same as far as they emu,
and the auditors may refuse to certify as aforesaid until
they have received the same; and the auditors may at any
time add to their certificate, or issue to the shareholders
independently at the omit of the company, any statement
respecting the financial condition and prospects of the
eon:palsy which they think material for the information of
the shareholders.

The traffic return of the Great Western Railway
of Canada fur the week ending the 18th inst.
shows an increase of 2,7411. over last year.
The fifth issue has just been published of the
London Banks, Credit, Discount, and Financial
Companies.• It contains full particulars of the
directors, managers, and other officers of these
undertakings, the capitals and reserve funds,
and a variety of other useful information. Ex-
tracts from the last reports are also added. The
form in which the work has been arranged is
especially suitable for immediate reference.
• Edwin antley, 3h, Thrwaineedleetreet.

BwroaDAY EVINING.

Consols, which domed yesterday at Ai to both
for money and the 10th of September, opened this
morning at 94i to I, and left off at that price. For
the Bth of October the last transactions were at 94f
to The Three per Cents. Reduced and New
Three per Cents. were quoted at 3 o'clock 9411
to I. The official business report is as follows :
Three per Cent. Consols, for money, 94k, ; Three
per Cents. Reduced, 94, 4, ; New Three per
ts., 94k, f, ; Red Sea Telegraph, 101 ; India
Stock, 222 ; ditto Five per Cent., 112 i, 13 ; ditto
Five per Cent., " enfaced" rupee paper, 103 g.
_ _

The India Five per Cent, stock wax unaltered.
Exchequer Bills were rather Use firm, at 25a. to
30s. prem.
The transactions in foreign stocks showed a pre-
ponderance of 'purchases, and the general course
of prices was favourable. Russian of 1862 and
1866, as well as Turkish of 1858, 1862, and 1865,
improved per cent. • Italian of 1861 and Chili=
scrip,
scrip, ; Greek Bonds,: 1 ; and Mexican and
Spanish Passive, k. Greek Coupons were ex-
ceptionally fiat, and declined I.
Very few dealings were recorded inbank shares.
The changes comprised a rise of ss. in Alliance,
and a reduction of 10s. in London Joint Stock.

Hudson's Bay shares were last quoted 141 to
15, and National Discount Qto 6 prem. In the
market for miscellaneous shares Peninsular and
Oriental and Royal Mail Steam rose 1/. to
U. 10s., while Millwall Freehold Land Dock fell
to about the same extent.

The shares of the financial companies showed
no variation, the dealings being upon a very limited
scale. Prices closed as follows :—lnternational
Financial, 2i to 1; dis. ; General Credit, 2a to
dia. ; London Financial, 24 to 22 dis. ; and
Credit Fonder, 6 to 5 dia.

AtINES.-(TRM DAY.)

OKI O'CLOCK.

The mining market continues decidedly firm,
and prices are again better in several cases. Prince
of Wales shares are quoted 525. 6d. to Ns. ; North
Crotty, 4/ to ; `Vest Great Work, 3/ to 1 •
East Lovell, 7to ; Great Vor, 174 to 1 ; North
Chiverton, 4to • North Treskerby, 11 to 2 ;
Wheal Seton, 115 'to 125 ; Drakewalls, 11s. to
134. ; and West Kitty, 12s. 6d. to 14a. 6d.
Foreign and colonial mining shares are inquired
for, and exhibit a favourable tendency. The pre-
sent quotations are as follow :—St. John Del Rey,
GO to 62 ;Don Pedro, 11 to 2 prem., ex div. ; Anglo-
Brazilian, >ti to 1 prem. ; Chontales, 1 to 3 prem. ;
Pestarens, to prem. ; Rossa Grande, to 4;
Frontino and Bolivia, 3 to f ; United Mexican,
14 to 21 ; to 1 prem. ; and Port
Phillip, 1 1-16 to 1 3-16, ex div.
The subjoined report on the metal market is
from the Circular of Messrs. Von Dadelszen and
North.

The improvement in some branches of the metal trade,
mentioned in our last, has made further , and
altogether the feeling is more hopeful. Iron—rWerla bars
are in steady demand at late rates. Rails unchanged.
Staffordshire iron is in fair request. Scotch pig iron has
advanced to 54a. 3d. cash for m-m. Copper is decidedly
dearer, and in improved demand. In manufactured a
many orders given out ; present prices 83!. for
Bombay she,* and 83!. for strong copper. Tough has
sold from 79!. to 811. according to brand and terms. In
Australia* but little business done, owing to scarcity.
Burrs, 85!. ; Wellaroo, KC cash, and 83!. two months
prompt. The greatest advance has been in Chili,
Hare, for which 73& cash has beenpaid, and 751. 3 months
prompt, and taW. asked for ingot. Ore and Regulus, 15a.
Tin—A very large baldness done at rising prices, closing at
the best 91W. ltis. cash, and 91/. to arrive for Straits.
Banco sold from 931. to 95/., but no more sellers thereat,
and very scarce on the spot. In Holland from 54!. to
55f. paid cash, and 55f. to 56f. ex sale, with
co*-iderable transactions. The Dutch Trading Company

have announced their next sale of banes for dui 26th
tember ; quantity, 65,000 slabs ; next sole in the spring of
1168. They also reserve the right to sell 6,000 slabs more
on the 26th September, if they arrive in time. Tin plates
are slightly es.ier. Lead is steady, IW. 15a. ; good English
pig, 20/. 2e. fid. for LB, and 211. I.s. for Wit. Spelter—
No business done, hut rather firmer ;211. on the spot here,
and for spedals in outports, 211. 2a, 6d.