The Express.
London, England, 1861-03-28 00:00:00

THE EXPRESS, MuitSDAY EVENING, MARCH 28, 1861.

LAW INTELLIGENCE.
(THIS DAT.)

COURT OF BANKRUPTCY.
(Before Xr. Commissioner Evans.)
ur Kt JOHNSWI AND GILMAN.

i h.• bankrupts were shoe nt.snufacturers, of Reticroes•
..-.• t. This WILA the adpiurned eiutroination meeting
• . case of Johnson. sod the certificate meeting in thecae*
• . hien. The haokruptcy occurred about eleven nsualui
The te luMl.Nee are about titkistW. ; as yet
:,.,.lend has bwa paid, the amount of assets beine‘lepcs-
: •1, the result of an action brought by the auignees
...t the Northern Insurance Company to recover a sum
:1 .11s'. an fermi of the destruction of the bankrupts'
♦ sod premises he iire in April last.
U. Lioldater appeared for the assignees ; Mr. Lairrance
• bankrupt bison ; and Mr. Hand for Johnson. The

...t. erre {errand by Messrs. ltr,Ara and Dubois.
1,• I,ghlater said that the assignees had fully considered
• . leas of this use. The bankrupts were boot and
•.anutteturers„ of Norwich, Itedertiss-street, and
. iney•read. Mr. Gilman was a solicitor

‘,..rwich. The banliropte hail carried ova their
. ifter the retirement of one of the partnere, 31r.
Utall .Ipril bust, when • fire took place
premiers, and al the books were destroye4
•U'di w.. very balm Kea.. ; bet the bank-
, were only insured fur 21.talet. atrial_ Probably
• heavy premium whirls they had to pay. Through the
taa•ks. the baidirapte had sot bees able
• , „der an raLince.aheet. Mr. Gamin bad given
I.ret etat.ment he was able. and had pared
. a that. It wa. sine found that the state
cfAin warn nage fa,roral.le to the bankrupt. than they
.1 •upposeil. and that tbev were is reality solvent before
tl.• are. The &augur's .Id sot ale that Yr. Gilanal.

ruk.de shoeldVeliwther gooposied ; the oily googlies
use elm; sal We =ipso ego& lire se the
rwit.ll4 CM Gnu hod to won* aziest bon ra by the
..1•Ito• eidaislie eight get to bed the lies‘

11r. Lemma said it eras to be rerettol that Mr. Gil.
mast, alto ha bees many rears in &pipes, as • solicitor,
bail byes isdseal to mime is thi• speeslatioa. Ile bad
bored at waive • Oliet-elam certificate.
M. Nowa, said he coati not go beyond • secoistehies
rertiliwate- . . . .

ablator said that Mr. Johnson, who had refused to
e.:o the hidance•liert filed be Mr. Gilman, had
en, tiled a statement of affairs, on which he proposed to
re.. There was an item of &OM.. stated to be des
Tr of debtors; but the books beteg destroyed, the
se of recovering those debts,
..r e 1 amertisinin4 the parUes from whom they were
Tbey had els reties& With. debtors, knowing that
6. books were destroyed, showed no willingness to come
-Feint (.% Mush. ) The accounts. as now amended, showed
th.l the task:nos were solveet, with a Peeples of 11,000 f.,
st the time of the Ire, setting aside the debt alleged to be
to Mr. W. Johnson, awl which the amigeees &rented.
I oder them alreunietaneee there was on objection to Mr.
1. ea. media.% a rather distant day being named for the
wiebeate mediae.
The bankrupt weed. sod the certificate sitting was
,;;vented to Mire pleas after an interval of siz weeks.

SHERIFFS' COURT. RED-LION-SQUARE.
Ware Mr. ruder-Sheriff Bluebell.)
_.IIIPOSTANT.TO J1111'11E:I.

ts niter as thirtyeeven howeholders were summoned
foe attendance this morning Jurymen, and were required
t. mistsl for the nett si■ weeks. Several pleaded urgent
.wee and were allowed to depart. .t gentlemen claimed
• teraptiou on the ground he was upwards of tX) years of
&r.
Mr. Valor-Sheriff Beechen said he wee betted to serve as
a prow until his name was removed frees the jury list. and
►e take. I him whether he had attended sad claims.] clomp-
Loa

rb.,pplicAst and he had not done so.
It sr it stated that all persons of 611 rears and upwards,
slum names were on the jury ha* sail which were ithi•
burl ..n three fieseloys is September, were to attend at the
setts ....sons, sad 04 their IMAMS expunged.
Tl; • Cteler•Sherilf excused the applicant, and advi.ed
and all other persossa who were sitt years old and
ups ails, awl wished to be exempted as jurors, to get their
SA HMI removed from the jury list.

THE POLICE COURTS.
(THIS DAY.)

---
CHARTERED RANK OF INDIA, CHINA, AND
AUSTRALIA.-(THIS DAY.)

The seventh ordinary general meeting of the
abarehol.lees was held at now, at the Loudon Tavern, Mr.
MITI. HELL. M.P., in the chair.

The report, which Ws;Tilliy the secretary, was AS follows:
" The directors have now to present to the shareholders
a report on the operations of the bank during the past year,
which they trust will prove satisfactory. The result exhi-
bits,' Iry the general Instance sheet submitksl is a net
pngit, for the year ending 31st December last. of 45,552/.
ts. 3e1., sod a bidauce now disposable of 27,5021. 17s. Ild.
The directors, at the meeting in September last, espressixl
their opinion of the propriety of increasing the reserve
fund, even at the expense of the dividend, in the early
stages of the bank's existence. On the present occasion,
therefore, they recommend au addition of 5,u00e. to the
reierva fund (which will then stand at 10,00 W.), and a divi-
dend for the past lia/f.year, at the rate of si per cent. per
annum, free of income tax—making, with the distributiou
of the previous half year, a divideod at the rate of
6! per cent. for the whole year—and leaving
lAti./. its. :4. of undivided profits to he carried
to new account. It has not yet appeared to
the directors advisable to increase the number of their
bmtichea abroad ; they will be quite prepared, however,
when the proper time arrives, to extend the business of the
bank in this manner. The charter confers the privilege of
iZallait bank notes in the titnemes colonies in the list, bet
not in the territories fornArly under the govern.
meat of the last ludas Complier. The di.
swum however, consider it very desirable that the
bank should possess this privilege at Singapore, and they
propose accordingly to apply for it to the Lonla Commis-
eiossers of her Majesty's Treasury. In terms of the deed of
settlement, two extraordinary general meetings must sanc-
tion this application. The rune sanction is also required
for postpooemeat of the ordinary annual meetings from
March to April in each year ; a measure which the Masses
of the hanks operations abroad Dow renders flex:emery, in
order to ensure the due receipt and examination in London,
of the account. from all the agencies, to the previous 31st of
December. It is proposed, therefore, that, after the
transaction of the general business. the present ordinary
meeting shall be constitute' an extraordioary one, for the
ninsideratiou of those two special objects. The directors
who now retire are Mr. Willi.. Nieel, M.P., Mi. Juan
Gladstone, and Mr. William Massa ter ; and only one
of them being immediately reulteble, Mr. Maosaegten
cdere lama to the choice of the aar4oldim. Mr. Wm.
&haw Lindsay, whine term of office expired last
year. Is again a candidate for the direction. The auditors,
Mr. :Alderman Dakia and Mr. Jonathan Thorp, now com-
plete their term of ogles, and offer themselves for re-electioa
fur the sows* year."
The ClAlleati, in moving the adoption of there port.
said the direeten were quite satisfied that the balance
sheet presented to the shareholders represented the actual
state if Whirs In September hut they recommended
the declaration of an oil a art r, ss dividend of seven per
cent., in the hope that it would afterwards be
maintained. Owing to various causes that hope
had not been realised. The main cause was
that latterly money had been rather a drug in lochs; while
another was the interruption of teak arising from the war
with China. The directors thought they would not do
their duty if they did sot recommend that an addition of
5,014. should be made to the reserve fund. That
the business of the bank was gradually improving
was evident from the following figures. In 1850, the
amount of profit tensed was 37,3211. le. :al.; last year it
was 43.3524 4a 34., being an increase in the year 1880
over 1159 of about 8,30 W. In 1839, the average dividend
was G per mat., in 1860 it wee per cent. There
was every reason to anticipate that during the
ensuing year the prosperity of the bank would permissively
increase. Its credit was now fairly established throughout
the East ; and he did not see, therefore, why they should
not gradually approximate to the larger dividends which
older banks were enabled to declare. The position of the
bank at home was also improving, Evidence of this was
afforded by the fart that, whereas in the year 1859 the
number of home shareholders was 287, in the last year it
increased to 346.

Mr. W. NICOL, M.P., seconded the motion, which, after
a short discuasioa, was put and carried unanimously.
Mr. awnsaughten waa re-elected • director ; and Mr.
W. & Lisdesy, M.P., was added to the direction.
The meeting haying been made extmonlinary, • resolu-
tion was mama authorising the board to apply
to the Treasury for an alteration of the com-
ma's chaster which will enable the beak to mauls
notes at Singapore. Another resolution was adopted to the
effect that the annual meeting shall in future be held in
April iastead of March in each year.
The usual rote of thanks was accorded to the chairman
and the other directors.

SCINDE RAILWAY.-(1111IS DAY.)

SHARE LISTS.-(THIS DAY.)

Two o'Olocit.
The railway share market to-day is heavy.
Midland and Lancashire and Yorkshire stocks have
fallenl percent., mid moat of the other principal lines
about per cent. This is settling day. London
and North Western stock is now quoted 96 to ;
South Eastern, 113 a! ; Great Western, '7Ol. to ;
Midland 125 to ; Lancashire and Yorimbirq
110 to 1 ; and C cdonian, 951 to 1.
Lombardo-Venetian Railway shares remain
heavy, at 11 to die. Graml Trunk of Canada
Railway stock is likewise weaker.

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