The Express.
London, England, 1868-03-26 00:00:00

id:LBI AND LONDON BANK (IJNITID).

hw fourth ordinary general meeting of the share-
', • ',:o w.u, held at noon, at the offloes, 76, King William-
t,AlAjoi.(;enerad A. CUNNINGHAM in the chair.

.
Tu.. following report and balancembeot were presented:
"'1 h accounts for the year ending 31st Deoember,
". herewith submitted, show, after payment of interest
..re. et and deposit accounts, and all other charges,
. nof 2-,.410‘. Ire. 11d. Deduoting from this amount
, .

•.::“ of 13,651 f. 10a. Id.. the easel lam incurred
the year, as mentioned at the general meeting
september last, there remains a balance of
•. :a. Md. This sum the directors propose to carry
for the purpose of providing for an anticipated
!.‘••
l'ommercial depression, inaction, and distrust, oom.
with a superabundance of unemployed capital, have
fihvl throughout the year, and nossesearily had
,nfavourable influence on banldag opera.

_
teem. The unusually low rates of exchange, and
deumud for bills during the past half-year, have
..,,ierAly limited our range of operations in that
tlea .rtmeet, but the business done has been of a safe
1...-o.ter. The shareholders were informed at the
meeting, held in September, that Mr.
l'tny w.ei about to proceed to India, to examine
IL. of affairs at each branch. He arrived at
Ikeel,y on October, and after making himself as.
,e.euteal with the business and position of that branch,
i.t.e.eded rig Jubbulpore and Allahabad to Calcutta,
• date of last mail in still remained. At Jabbed.
e 1,0 totted the field for remunerative operations too
to justify any well-grounded expectation of
tide bqsitresa, and at Allahabad the competition of
other Lurks led to the same conclusion. Both these
:.che. have consequently been closed, in aocerdance
▪ ovdruetions given by the directon; the accounts of
1,.. • „-err branch have been transferred to Bombay, and
Jf the latter to Delhi. The Lahore branch, which
✓ opened last year, continue. to favourably.
•I; dance-sheet for Dn. 31, 1 .—Dr. :To paid-up
.1•441. •;3Z,63-4. ; to serve fund, 15,0001.; to amount
. .

- -
un customers' balances, deposits. and clamant notes,
tsY. Pls. 9d. • the amount of ezobaage accounts,
,•• ha„tc., '453,8U91. 2d.; to amount on swept-
for branches, 144,9311. 13s. Id. ; to profit
.•,1 loss, 7,18 W. 75. 10d.• total, 1,203031. 12a. 10d.
' . . By cssli in hand and on Gall at head offlos and
.1,-bee, 137,759/. 19s. 4/1. ; by government securities,
• 13s. 4,1. ; by discounts, loans and credits, 375,5591.
• ; by other securities, including bullion, bills pur-
-7,79,404/. 18s. 4d. ; by_ freehold premises in
1.. ;hi. Crlcuttn, Lucknow, and Allahnbad, 28,9921. 4s. 4,1.
/ 1,203,008/. 12s. 10d.
l'r••nt and lam statement.—Dr.: To total co-
o- •••• at head offies and branches, including rent, taxes,
. I :,:971. 10a. Bd.; to interest paid on deposits and cur-
,. ~ecounta, 7,7641. 17s. Bd.; to bad and doubtful
mitten off, 18,8611. 10a. ld.; to balance carried
`..rir.thl. 7,1891.75. 10d.—Total, 46,0031. Bs. 3d. Cr.: By
balance brought forward, 14,8094. 2s. Bd.; by gross prohta
°dice and branches, 31,1941. 34. 7d.—Total,
1,..,013,. fn. :Q."

The CHAIRMAN, in moving the adoption of the report
....counts, entered into an explanation of the lows
teivrred to in the report. The lees alluded to at the
ner..l meeting in September last was inourred
thieugh the inability of a firm of high mei'.
"utile standing to meet their engagements. The
hoard had thought it prudent to accept is. 6d.
1:1 the pound on the balance due, rather than wait for an
it.lebnite period, and then perhaps obtain law. The
,tllor loos arose from causes which had been already
Apliiined, connected with advances to • Haltom,
,rld a reserve was made to meet that
:he operations of the first half of the last year were stif-
miens to pey a dividend of 9 per oent. on the paid-up
capital, while those of the second half would yield nearly
' per cent. The working expenses bad been reduced, and
be was happy to state that with the exception of • small
at the bead of in London no loss had been
incurred during the last six months.
Dr. Bearrli seconded the motion.

In reply to questions, the CHAIRMAN stated that the
wtd hiss arising from the advances to the Begun, made
thlough a person who professed to be her agent, but had
n declared by the courts not to have filled that dia.
I,c ter. was about 20,000 i.• also that the general manager,
was to remain for the present in Inas, for the
of placing the branches and the affairs of the bank
Aenetally on an improved footing.
The report was adopted, and the proosedinip terminated
manner.

or LONDO/e8 Cori rre.twriows. —Yeeter-
-4,) fternoon the Bishop of London held soonfirmation at
kAita College, Strand. His lordahip, who was 'mom-
Nom' by the Rev. W. F. Erskine Kuala, M.A., intim-
of Trinity Church, Twickenham, arrived at 2 o'clock
Ad was received by the Rev. Canon Jell, the principal of
;be college, the Rev. Prebendary Plunnertitroicoor of
y. the Rev. Henry White, censor, the Rev. Canon
kolka.on, the Rev. 0. F. Maclean, 8.D., heed master of
tac ,bool, the Revs. Mews. Twentyman, Jackson, Lou-
dal..
Heywood, M'Canl, Cockayne, Adolphus, Kett,
et 1114: .4bam, and other professors and meters. The
candidates having been ranged before the bishop in
the
College chapel, his lordship addressed them on the
nature of the rite of collimation and the great respon-
sibilicien it involved. He then admitted them by the
Imposition of hands, On Tuesday next him lordship will
ltvid a confirmation at Bt. James's, Westminster, where
c,nli.Ltee from St. Martin'ain•the-Aelds, St. Mary-le-
Strand. St. Clement's Danes, and oonliguous parishes,
will he presented. The following are the bishop a tubes,
(Nett engagements:—May 6, St. GeorgeNti,_ Hanover-
Nacre May 10, St Anw' Holborn ; May 13, fit
111=1:0 May 20, ; Jane 15, St.
Jllo.lCe.i, P • ni June 22, FOlllllll ; June 29, St.
Mary Abbott's, ensangton • July 6, ftt. Luke's, Chelsea;
'417 8, Sunbury ; July 15,'Beling_ 19. 84' Man's,
„._,___Weeington Betts; july 22, Midas, Jul, 27 "
—"wun7 ; August 3, Great gtestmore.

LAW INTELLIGENCE.-(THIS DAY.)

COURT OF BANKRUPTCY.

(Bofors Yr. Offer Winslow.)
IN as II UT AMU Oliii.DOCL
The bankrupt was described as late of the IP
Leamington Priors, Warwickshire, now ensign in the
Regiment- The debts are 8,4461. ;• property hold as mote
My, 3501. The debts are principally for messy lent ;
there are three of above 1000 t. each—due to Wesbend
money lenders. This was the eitfing for examination and
discharge. _ _

Ur. Stokes &mumd tt2e mimes ; Mr.
.*night op.
pollen for W. Ciftisher, a creditor tor 1, luw. ; Kr. bydney
represented other creditors ; Mr. R. Reed appeared for
the bankrupt.
The bankrupt, in examination, slated that he began to
get into difficulties when he returned from India, in
March, 1866. Boon after he began to borrow money en
bills. All his debts had bean contracted since. He had
given several acceptances on blank paper, with no dates
on them.

Yr. Mud said that oat of the debts of 8,00 W., the
bankrupt bad only received consideration for shoat I,oooi.
A bill for 5501., daMd in March, 1666, was oa a stamp
which wu not Welled till 1867.

The caw was ultiuutaly adjourned for sash, goods, and
deficiency aurounta The next sitting was fixed far the
hith of May.

POLICE COURTS.-(THIS DAY.)

BOW43TRKET.
WETIMBIVI BOBBIRT OT TOBACCO.

Two van-menWMied William
Murphy, were charged with stealing 13 bales of tobacco,
value 3*31., from a van in their charge.
The primers were in the employ of Mr. Heat, of
Sharpe 's-buildings, Towerhill, carman, who sent them on
Friday evening last with • three-bore* van to fetch
sixty-six bales of tobacco from Goodman's-yard 'sta-
tion, • depot of the Victoria Docks, to the
Great Western Railway station at Paddington. He went
with them to the Crotched-friars depot of the Great
Western Railway Company, and • boy employed at that
depot went with bim in the van. The van was loaded at
Goodman's-yard, and the bales bound on with rope. It
was then taken to Crotched-friars, where it was bound
with more rope, and covered with a tarpaulin. It was
then driven towards Paddington, Riley driving, Murphy
walking behind, and UMW* (the boy from Crotched
-
friars), riding inside. In Fleet-street some of the bales got
loose. The prisoners stopped the van bound the Wee
tighter with the rope, and proceeded. In Chancery-lane
the bales got loose again and. the Iced tilted over conside-
rably. They again stopped the van, and Riley went away
for a about a quarter of an hour. After his return they
again bound the load on, and Riley drove on again.
Another stoppage occurred in Holborn for a similar muse,
when Riley directed Murphymid the bay toga toMr. Kent's
stables for another man to take • portion of the load. They
went away together, but on arriving at Newrate-street
Murphy sent the boy kook, saying that the polio* might
interfere with Riley for stopping in the street. On
getting back to the van the boy observed another—
a one-horse van—beside it, and observed that some of
the load had been transferred to it. Riley told him it
was one of the Great Western Railway vans
from Crutched•friars. Shillitoe said that could
not be, as they had no vans of that colour (a
dark grey) all their vans being red. Wben Murphy
came back, the two prisoners and the driver of
the other van went to a public house to drink together.
Murphy told Shillitoe that there wig "some kidding on
about the tobacco, and that they did not mean to deliver
it all that night ;" adding, "but if I tell you any more
you will tell somebody else." The load was delivered 13
bales short, and the prisoners told their master they had
sent them on by a Great Western van. On
inquiry it was found that the balm had not been
delivered by any other van, and that no van answering the
description belonged to the company. /MUM°e gave in-
formation of all that had occurred on the journey, in con-
sequence of which the prisoners were apprehended.
Mr. Ackerson, superintendent of the Great Western
Railway police, who watched the case for the company,
observed that if the prisoners were remanded it was pro-
bable that the tobacco might be Mooed.
They were remanded.

CLERICENWELL.
ZITILAORDINARY CHARON OP HOOONSING AND ROBBUIT BS