The Express.
London, England, 1861-02-11 00:00:00

THE EXPRESS, MONDAY EVENING, FEBRUARY 11, 1861.

rHE NEW INDIAN LOAN.

The following official particular% will complete
the statement already given respecting the result
of the bidding for the new Indian Loan. Subjoined
is a complete list of the tenders which have been
accepted in full :

.010 CS? or TINDLIM MEMO M TILL.
Pries.
C B a. d.
100 0 0
5300 at
4,300 at
".000 at
106,000 at
77.300 at
37,000 at
30,000 . at
5,000 at
110,000 at
5,000 at
13,000 at
M1D,009 at
1.002.500 at
NOW.. at
284,000 at
142,000 at
5,000
15,000 at
427,000.- ... at
121,000 . ... at
1:000 at
'5OOO at
91,000 at
15,000 at

C 2.881,40
The aggregate of the above is 2,891,8001., and the
lowest price for which bids are accepted in full is 98/.
lls. 4d. There then remains& balance of 108,2001.
required to complete the 3,000,0001. of stock, and
as the aggregate of the tenders at 981. lls. 3d. i"
no less than 681,0001., they are accepted to the
extent of 108,2001., the balance (572,8001.) at that
price being rejected. Consequently bidders at 98/.
lie 3d. will get nearly 16 per cent. of the &amount
applied for. All tenders below 98/. 1 ls. 3d. are
entirely rejected.

It is somewhat remarkable that a single penny per
1001. should be found to constitute the difference
between acceptance and rejection, and that the
amount bid for at so " odd" a price as 981. lie. 3d.
should have been so large as 681,0001. It is thought
rathercurious, too, that there were no bids whatever
between 991.65. and 100/. Of the 1,032,5001. of tenders
accepted at 981, 930,0001., as already mentioned,
are for account of Mews. Rothschild. It is be-
lieved that the lowest tender sent in was between
96 and 97, and that no less a sum than 5,000,000!.
ranged between 98 and 981, principally for account
of the Stock Exchange. That establishment seems
to have obtained but little of the new loan. The
aggregate of the tenders, both accepted and re-
jected, is, as already stated, 13,270,800/. The let-
ters of allotment will be issued to-day. This
indicates a degree of promptitude which harmonises
well with the efficiency of the arrangements
adopted throughout.
By Friday next so much of the amount of the
accepted Indian Loan tenders is to be paid at the
Bank of England as, when added to the 2 per cent.
deposit already lodged, will leave 80/. for each
1001. of stock still to be paid. Assuming that the
average price of the loan is 98/, 16/ per cent. must
be paid by Friday next. This would amount to
302,500/. The other three instalments fall due at
monthly intervals. It is believed, however, that a
very large amount will be paid up in advance, and
this will affect the money market.

ROYSTON AND WITHIN RAILWAY.
(THIS DAY.)

The half-yearly meeting of the proprietor* wan
bald at noon, at the London Tavern ; Mr. W. Raro in the
chair. The line being guaranteed by the Great Northern
Company the proceedings were of a purely formal character.
The usual dividend of 6 per cent., payable forthwith, was
declared, Ices income tax, sail ld. per share for espouses of
management, with the addition of 6d. per share, as dater-
ruined by the pr3pristors on the I:tth of August lest.

Aceorling to dm, dowem meet statement on Fri-
day, a bill is to he latambeeed to allow the mooey.order
post-offices to receive deposits, oat to pay 2i per cent. into.
rest thereon. As there me nearly 3,000 of thee offices
distributed throughout the country, the idea is that the
machinery thus in existence may be utilised to promote the
objects for which saviugabanks were originally founded.
A regivtrar write,' to the Aberdeen Herald:—
" The registrars of Scotism' hare just been put to pousrodou
of papers relativeto the census of Scotland about to be taken
io April oast. Their work commences immediately, and
will sad, say, about the end of April ; and for the they are
to pay the mismshle sem of 31. lOs. In large pariahs@ the
will be increased is a very small proportion ; but, eves la a
punished 5,000 inhabitants, the registrar, for his three
swaths' work, will oaly receive 5!. My object in writing is
to all the attention of the registry' of Scotland to the
above fasts, that they may make a arm rersionstraoce to the
regiatrar-general as to the inadequacy of the proposed re
meneratiou—and the more so as it hos not yet received the
approbatim of Sir George Cornwall Lewis."

The Monti's..., News amerta positively that Major
O'itedly will not become a candidate for the representation
of Cork.

BEPRIREMTATION OF THE PEMBROKE BOROUGH/1.-
8y the recent death of Sir John Owen, not only kw the
lord lieutenancy of the comity become vacant, but alto the
representation of these boroughs. There are ahead two
e.indicLites in the field, vis., Lieutenant-Colonel Sir Hugh
Owen, Ibut., liberal, eon of the deceased, and Mr. Hayrick,
nominative. Capt. Ramsay, superintendent of the dock-
yard at that place, Win also mentioned as a candidate, and
placards were posted with the words " Vote fur Captain
Ramsay," but that offamr declines coining forward.
UN IVERNITT COLLEGE, 1..0N DoK.—A meeting was
held in University College, on Friday evening, to consider
the propriety of presenting some substantial testimonial to
Profeciaor Merlet, who has lately resigned the Professorship
of the French Language nod Literature, after having held the
once for two.and.thirty years. Professor Key, who presided,
alluded to Professor Merlet's iminterrepted devotion to his
duties from the first opening of the college to the beginning
of the present session, when old age and enfeebled health had
compelled him to resign. items resolved that a testimonial
should be given in the lona of an annuity, or an
equivalent to an annuity, and that all old and existing
pupils should be requested to contribute. An influential
committee, composed of members of the council, profesaors,
and former and present students of the college and whoa'
was appointed, and W. C. Case, F.aq., M.A., was requested
to act as honorary secretary, and to receive sulecnptione.
THE GREAT SHIP. --giUCe the great ship wan put
upon the gridiron in Milford Haven she seems to have
'sowed away from the public mind, but the announcement
of the intention of the shareholders to bold their amnia
meeting upon the ?.Nth inst. has again worked a general
feeling of curiosity in respect to her and the prospects
of the
°mimicry, which may make the following facts interesting.
She has been within the last few weeks conaiderably altered
end modified under the immediate saperinterideoce of the
Board of Ihrectors, who are at regent putting in an entirely
new deck, and in cram anus with the requirements of the
Beard .4 Trade, bushing the crew with brass, or either
gun-metal bearinp. No additional capital will be required
to defray the expellee of these alterations, which will be
completed by the end of the month, so that the venal may
again go to ma in March. It is probable her next
will be to New York. The three actions which Mr.=
Russell his brought against the company have, by order of
the Court o 4 Common Pleas, been ennsolidstel into one. Mr.
Russell's claim is in all 60,1104/. The company have against
that gentleman a cross action for 130,000 f. Both causes will
corneas for trial next term, when it Is probable they may
be referred to arbitration. Mr. Hope has resigned his mat
at the board, and as yet no one has been nominated to sue-
t ceed_hins.

MIItOTOUTAN RAILW AY.--Sioce the discon-
tinuance of the were weather the works on the Padding-
too. tiaryiehooe, King's-cross, and Victoria-street pectins
hare been tamed on vigorously, both in respect to the
tunnel works and the sites for the terminal sort interme-
diate stations, of which latter there will be six—namely, in
the Edgware-mad, Bskerstreet, Portland.road. (ower-
street, Kin/across, and Victoeia.street, itmithibild. It be
in contemplation to extend the use, should powers be
maw this session, to join the eastern lines at the proposed
great station at Finsburytirene, and so Waiting then, with
the western and north-western railways.

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