The Express.
London, England, 1868-10-21 00:00:00

TSB ROYAL BANE OF LIVIRPOOL.

The report of Mews. R. Roberta and W. Bart-
lett as to the conduct of the directors and of of this
bank, and the causes of its failure, was issued yesterday.
Ihe committee of shareholders (of whom Messrs.
Roberts and Bartlett formed part) were unable to agree
upon a joint report. Menus. Roberts and Bartlett say :
" lhe result of our examination of the accounts has corn
vincird us that while, as is by this time well known, the
proximate cause of the stoppage was the inability of the
din ctors and manager to procure the continuance of the
rediscount of • large quantity of bills drawn against
shipping, which had been again and again renewed by the
bank, the more remote but real cause of the failure was
the locking up of the capital of the bank by advances of a
most extraordinary nature, and of unprecedente.l amount
to two firms, who, after their insolvency, were " carried
on" by the directors apparently from want of courage
to admit the fact that they had made .very heavy
bad debts. The effect of the arrangements made
with those firms was prastically to convert the hank
in a great measure into a trailing concern, and the
results have been eminently dinntrous. Besides the two
firms to which allusion has been made, we find that both
of the paid directors were largely indebted to the bank.
One of them (Mr. flutchrein) had been adjudicated a
bankrupt, and the other (Mr. Shand) is dead, ant his
eMate will not nearly Nun* to pay his creditors in full.
A brother of the late manager is ale° a debtor to the hank
to a large amount, and his account will result in a eon-
rideroble loss." Mercre. Iteberts and Bartlett then draw
attention to the state of the accounts of the directors and
nunurgens and to the nature of their transactions with
the bank.

&RIPPING INTELLIONNCL-(T.1118 DAL,

CDT TELZ01•111.)

I.nstwot, Ott. 2t.—Wiest at noon raoderit4 brow°
mad taw _ . . . . .

Gr•I,IK!4RMD, Ott. 20.—Arrived : Jerusalem, from Melbourne;
Vol bbanyhai ; Itlandina Dudley, Bombay Tweed,
)11,4.11014 Ayres; Adamant, Demerara; arrinirtim, Trinidad;
( linee. italtimorr; Durham, New York ; (kimono% Grinnell,
Nrw York ; 14..1002i, 81. John, N. 8.; Momoon, Quebec. Hailed :
City of Atlas', for Calcutta; Matelalem, Trinidad; China,
e.
lir Al, O.A. !o.—Arrival: Dai.don, from (anat./. ; Airundo,
Monti. ; Atluntir, timber ;• Boukar, Calcutta.
ret. 20. : John Rennie, for Calcutta; Mont-
/me, alcutta : Royal Alexandria, Bombay ; queen of Nxtions,
Dombay ; Jamerte C. llotelebhoe Humana ; Zephyr, Alma'
ltay ; Sierra Leone; Putney Duren; Charles
San Francis.. ; &theta &KU%Callao; Frances ibtrelsY. Liu.•mu
Ayres; (re.), Burrow Ayres; F.rtaet, River fate;
Pelotas, Rio Grande ; Y Y. Ilmneyer, Rio Janeiro ; Diana, Rio
Janeiro ; Anne Kay, Pernarnburo ; Winifred, Havanna/I ;
want, linter= ; Hattie IJ. Hall, New York ; Manhattan (m.),
New York ; Tarifa (m.), New York.
liournainxim Ore.' : America fur New York.

Woodville,rom Quebec.
Kinoloso.—Arrived : Oriental, from Quebec, for Olownster ;
ttinia, from Quebec.
Fatale:TN, Carr. no.—Arrived : Prince Oscar, from Lonion for
fieudny; Oiano U., Newcastle, (Morn.
Or/ IikIIPPORT, OCT. fo.—Arrived: James DaTiaLOOD, from
bhidila, for Alexandria.
hes WhiA, o,r. 20. Mailed : Mali, for Poquimho.
figs miarso Oct. 21.—Arrived: Leopard (..), from Antwere..
Poneidon, OMB ; Martha and Jane, Honduras • Aveiw h
Calais ; Slam+ (a.). Hooka k ; Waterloo (a), lbatterdim ; Marton-
'hock, Munn I ; Orion, Cram-twit. Baikal ; Catupeadur (a. ),
for Malaga.
Lau., Ott. IL—Arrived : Allan, from Quebec.
Quarsorroa (Kt. 21.—Arrived• Kingfishr, from ltaker's
blond; Vewla, (miles : hka Newer, Italtimon), and nailed for
Liverpool; Flying Arrow, ht. John, N.D., and milod fur Dun-
dalk.
Vampire, Oct. SP.—Railed: UPTITaUC. for Shanghai; Norge,
fn -m Cape of (loon Hope Ohnisirn, Panama; Martin, Mode
Video; Simeon, Monte Video; tiankun, Ht. Thome); Mak,
Cute.
1 v , Oct sp.—Arrived : Ann, from Benin; ()intro (r.),
Opqa 1... Oct. 11 : Nova &Minn (er.), ‘pietee. 'llw Asubluride.
10•11altre ii, this tort, wreeked mar That Natal, 1100 rAttoti
landed en bi orb, remainder b.inc saved. (let. 20: Tha Urania
Go.), Kenn. to Cloometer, whirl, tinselled on the rocks at tit.
Nmatic, put bail, and was beached talon that plum Out.

A Titivi.v. ritom the queition
of purchase in the army there may be doubts; but there
run ho none as to the necessity of abolishing Purelist in
the Church.—tssa.