The Express.
London, England, 1857-03-12 00:00:00

LAW INTELLIGENCE.

THIS DAY.

COURT OF JUNKRUPTCY.
(Before Mr. Commissioner Hotroyd.)
TN RI ROL.I. DMITISH BANK.-I,IbYtTLD hIGIIT TO
DIVIDEND.

This was a sitting to decide on the 9uestion who was en-
titled to the dividend on the depowt of a Mr. li Lotter.
amounting to 10657. The official assignee had re-
oeived notice from two portico Mr. Wcatherfeld
and Mr. Adcock, both of when. claimed in revp, t of
the deposit of Hunter, who was now in Australia. It ay.
peered that an agreement for the sale of the deposit had bceS
entered into with Mr. Wiwthei held, but had tot been cars
rind out. Subsequently Hunter sold his deposit for 10s. W.
in the pound to Mr. Adcock, who bad actually paid the
money.
Under these circumstanees, his Honour held that Mr.
Adcock was entitled to the dividend ; the parties each to pay
their own coats. _ . . .

This morning the usual half-yearly meeting of the
proprietors of tho Orest Northern Railway was held at the
London Tavern; Mr. Pour YD DENISON, M.P., chairman of
the board of directors, in the chair.
Th• meeting was numerously attended, but not more
so than we bare seen It on former occasions, when the
business hie been of a line exciting nature. But the
stock of this company lo what is called "well held"—that
is, in a comprailrely few hands—end that circunuttanco
may account for the prelatical gatherings of the ahareholden
not bring so crowded as those of some of the other metro-
politan lima.
The following circular worn distributed amongst the
meeting.:
• 011/ICTIONS TO TAE nitscrosi RETORT,
• "Tbs proprietors, and particularly those of the de-
lbweirewit, we cautioned to gauss before they adopt the
awed Dowse if the dividend is declared as proposal
It will. vs the eialiterity of the dinetars' counsel, be fhb
gefnanteatcloyebestiase my, by aa spy:Lc:aloe to the
S. Swear If the J.:did "appailion to parliament be woke
the bill cannot pass before the mouth of August, wed the
=herd" el brusAl • a divides& most be
& Bererwa it isekeawfiitlysabwilted that peas-
mei will sew ewes& to alter the Welber vested *his of
wiles, whisk the directors now seek to do. 4. Became the
'eyries ot Se septette irritably ennui upon the
MI MINIW SON et Iblepalee, all of which may be avoided
ihewseftwillbst Dem Seisms ocariomed by the Badge&
*ma as the AttareerCieweral hew ebbed the diseliess
le de. irk : die sews 1W as a hew neallog hies suss
poet admily ark as the Sage a semi sr Waded. I.
11111116111111; am& se pry the eget thine est et the WOOS
Seem et the eswww, of with& three are =err mi-
dst Woe wakietry &silos et wileeat
Se . Isodyßenvea the ibes
• wwwwit Me el swede ettild. spew Se
.the Yore es whisk will serk~lll ea the
rYfll=il the A' walk bid et theerwel bet, et
popish= dell armisetless."
The dheeleft es Stir istrusee. won egily leselved.
The Casasemr, epi c the bb et Se dm, eb-
winell *at It bed am ceressery Is the SW bleu te
Ala Ss noel be Ihe mirky d rirmeeheiders awl Set wow
impreir leis sew. Te Ole
Set the tea wee esP=et et rtili dereel
'"""=" balers of warilleied sleek be Se Oast
the se they agpsered Is the heels et the
@wpm es the 31st 4 men y, 1867 nes well
SSA Set Se weave et sank was 8412,1118., sod
amber of etockhollew was 6,163. The amend el
SAl2.llBllf. wee of
217,000 f. la anew of viset essi•
t ell Odle the minas r of pre/Waters was the wee
eis
of those regietersd lb. Let hen yam tie
mewed that the cowman seal be Abel this almiest

11=1 shalebeiders eloteetel le We, as it teerld heaths
Whet a *Wig the ibeedaleat WA tie Ciiimis
gelid ages la wilhasity et Mr. the larastr, tha
k veadd d. sethleg ef the eat t was a same her
reseleei by the thapay'a Ad of lasapseadast.
=lt barsever,- did set of
ease a the .lbw
etda~ leas amselmst was mead 1L tho paeolles
of the tkiesei.
The CRAIRMIAN IMIIIIISA tie mai& le be 1311711thran bar
they adopted meek aa aaatheset, larked these to Me.
lir whet Gael It weld have es the Flee of the* desk.
Mr. Lures, epee beteg aged epee, maid that snobs the
ad ea mime awe nalaral act, ad, Is paint of deer rad ef
kw, the almost tithe sheosholdas to It woe ad ay.
?hewrti/sme*•reseedaaieeat by the dheeles
of those who bald the sleek tithe compety.
Mr. J. Wawa edam% the slasehelloss to hese
tie do oak the aelisr, bet leave the alalems te parZ
the triir se a adasteriel irk if her thesool
die awn was adopted sod the esel woe
;ttlto=lis males of the waft Wag leas um the
quotas.
CIUMILUI Ibr proaleied to Mikes Oa rudder,
al NM the hassle "thick bed COON to light aft a the hot
xis sosethe mire enough to alarm the siouvholders, red were
thee ere& to mo and dorm the directors, ad tax the
aregke and myth the Mikis* who bed morbid sW
and dey tie Oak to light. She emelt et to.
balky ass Sus: they kJ beast railed if Lespeid
Roth le the extent of ZO,OOOI, and foe that tame,
was alma, the culprit bed less
tilatipselsils=. Beyond, lowerre, the pecsahoy hoe,
there wee the additionui loss Oath how result from the
blow which litedpath's nets led ewe* at commercial mo-
rality ; lad as tido subject wadi arm matter for after and
probably isineted direoreks, be belted them to put ka-
yak out at sight fir the rearatast, and look at the m-
amas as V as freed bed happened, Lookni. g, then,
at the results at her belf-yeer's working, it would be
men that had thine bats ao deftheetion the directors would
have ham lea pelt. to declare a dividend of live per cent.
rd yet astryienrstil a balm* le the next ....caust. He
was thadar asvisced that the Oust Northern Rathray
was use ti the beat proportion la the kingdom and if they
could sub get rid of- dal Rape& dith•rofty their each sat
beemelie erendlet la the Neal Exchange. (Hear, hear.)
She eitelame bevies adverted to Nam other points in the
reps{ easectod with rateseires, ages which the *aims
et the would have te I. taken hereafter, cat-
dated =r that the report be Oak= so read sad the
womb

Dr. REILLY melted to the remtheetion of the prepriateee
that at the last meeting the chairman told theca that they
had not • dielionest ement from the streetar
and, in the face of that fart, bow could theyl aeli=
the chairman said ? (c Dh, oh I" and confusion, In the
midst of which Dr. Reilly was compelled to rein= Me
mat.)
Mr. Ileartes rose to move an amendment to the let
ast the auditors and directoe• ought to be mole proem
...,t,Lopenrible for Itetipeth's hue& ; and, In doing es, be
=7out that the parties whom he now impoped
Mlty ef the gamma meioses, iammmelt se tailed:
lea same el the derespiewieefatbs weementa, art dry
had Owed alma to pre. The &yam M malt
panel he thie masa as • pee6d Awes ae ale
deer try 6e wk. el Hr.
_Chas the led restrar,
bare lat the
it woediapeabied repentledly mad
slat:lthe ildeleadm la dm sad yet se ao•
dito was et thma. (Heer, bor.) B. moved
the modes ins the ebeir—"Thst, be .
the roped, 66nesting roods it eteaviedes thm .t
illeselceo ssd maces ma having Ohm proper yeassaan
6r froutag the latmeste of the aegrimme ought to be made
sequadble for the lea reeeseliast by Redpettes
Cdes°,(Clisera)
Dr. Rrou.y soccaded the emalment.
Mr. Jerrstgoe advised the alereholdere to look at the
Malty like men of lemiame. Would it not be better to
mama up the la out at rather than go to the em
=an act of parliament ? could pay the earns
sal lam year, sad yet dive I 0001. in hand, to be
Mto the liquidation of Raipailea deadencree. Now, if
ari that co
would re 6r the ant lee yearn the whole of
Mr. Bei.nre doubtelial2.4l hE ejf :Pitman held been
eopisat of the darepandes to the red
might r etr believ-
ing that it would be better le melee up the out
erthe mama he augenc geete
their ea d *thrift sr by
mwoad
apply the
_The
tliZaworkieg of the cal trade sad the amtalealmee of the
14""away sad looomatim mat. Ha believed that
Cirteg ea the eusi trade et a 100 and he
theralario to save at the proper time tat a
eolamittee appointed to arta into the subject.
(Hear, bar.) He hoped the Baba would not be withheld
to-day, became they would tatter se more responsibility now
by deal so, than they did at the het half year. (11=2.4.
ones
Dr. Bo vs believed that these bads would
nail dry had • few well paid dinelors. Itedpeth=
rise &demi ear a period of air ea bed
views@ bees observed they awls have his. brat* te
light ease ember. (Hear, am)
Hr. Gana suggested that is guard committee shall be
Erto ismougute the wad of the wants, sad them
ld Mere fair ad en the mare spa when they got
Br7=(Beer, bear.)
toar oar de sandtolden to sake
the ratter arstaget themselves, and take warning by the
Royal British Bank how they got into law. Ills own opi-
nion was that they shmild pay a the Resipath stock as say
an amide, mid not perpetuate it by act of parliament, or
they would always hero the Redpath frauds staring them in
the bor. (Hear.)
The CHAIRMAN mid Mr. Hughes had very fairly taken
Wball by the horns and thrown the blame of Redcoat's
fonds upon the directors. Now he denied that the directors
had either publicly or privately neclevted their duty. As
regarded the reMstration question, the ebrectom refused to
be made responsible for the neglect of their clerk.
Mr. Clarks wee appointed in 1848 to the office of registrar,
at • salary of 6081. n-year. His duty was simply to examine
the tremdre, and no that they were correct and thaight-
Steward. Now there were many of ftralpath'a treaders
1010111411 while Mr. Clarke was in oilier which bore arm the
thee of them eviden-e of forgery, and bad Mr. Clarke done
his duty this "confounded calamity" never could have hap-
pened. (Oh, oh.)
Mr, flathakk asked the chairman whether he was aware
at the lath halficarly meeting that there were discrepancies
in the register when he efflud the end to it ?
The CWAIRVAN-1 was, and No it is stated in the report. It
Is there stated that the discrepancies were discovered early in
1866, and at the time of the last meeting they were under
isvestigation.
The amendment rem then put to the vote, and negatived
by a very large majority.
Mr. Daktso moved that the charge for eels instruc-
tion which are.d in the amend be ea
TWeaniendt wee also negatived byi g-.• majority,
after which the motion fur the roteptkm of the report wadi
pat and anal eneninintody.
The CHAIRMAN then observed that they had a helmet
in bead of 243,923'. 3a., bat were, warding to the
opiates of the Attorney-Owed sad other what
lawyer& without an set of parkleamat. 4=ale the
state of perlimmat, such ea set could sot be and
the sew parliament ass bled, and with that view
be bed sow to propose " That so dividend lie behalf
bat the darters be requested and see Itentey
authorised to take all the necemery steps to solicit and obtain
as early m presible an act of parliament to enable the to
provide for the lose mething le the company from
the bads end arra of Leopold 16006."

That was the only course open to the directors, and he might
as well tell the meeting at once that if they determined to
divide the money the directors would not do it. They would
prefer other to lock it up with the Accountimt-General in
Chanocry. (Oh, oh.)
Mr. lit autos asked what the directors intc tiled to do
with the money in the morn time?
The CILAIIIMAN declined to say. It must to left to the
option of the du' ecters.
Mr. Nomura moved as an amendment that the conside-
mike of the bill be deferred.
Mr. C. NICHOLSON announced hie intention to move that
the balance be applied to the discharge of the ltodpath leases,
and that the amount be capitalised for that pawpaw.
Mr. DENISON, jun., Q.C., told Mr. Nicholson that there
Ware technical °Nitwits in the way of carrying out nth

SULU LISTS-THIS DA T•

Two c/CcAw.

The railway ahare market to-dayl;in;w:7Most
of the heavier stocks exhibit a recovery of / to 1 per
cent. London and North-Western stock is quoted UM
to k; Great Western, 681 to ; Midland, 811
to 821; South-Eastcrna, 22 to 1; and Berwieks,2ll
to I—all ex div. Lancashire and Yorkshire stock
is quoted 1011 to /.
Sambre and Meuse shares have risen to 10 to 101;
and Great Western of Canada to 261 to 1. Paris and
Lyons shares are quoted 691 to 1 ; Northern of
France, 391 to ; ltiga, 21 to 21 prem.; and Great
Luxembourg, 6 7-16 to 9-16.

Woo too4s)
to lOM.