The Express.
London, England, 1850-12-19 00:00:00

WLNDING UP OF JOINT STOCK COMPANIES.

THE ROYAL BANK OF AUSTRALIA.
Yesterday, on the resumption of the proceedings in
the winding-up of this bents, before his Honour Master
Richards,
Mr. G. H. Wray, late manager of the be k, was examined
—He deposed that the names of Mr. M. W. Boyd, Mr. J.
Boyd, and Mr. C. Boyd were not on the of finally printed
list of proprietors. Was present generally in 1817 sad
1849 at the meeting. of the directors, anl efts present at owe
in 1847 when observations were made rAstive to the DAIWA
of these three gentlemen not being on the 'hue register. Mr.
George Webster and Mr. Mask Boyd were present, and the
termer stated to the secretary that this should be rectified,
end that these geLtlemen should hold shares. Mr. Meek
Boyd then directed that tire shares should be pissed to sash
name, and that the shares should be purchased, and from
the trinefen he had seen since and from Mr. Wood, one of
the bank clerks, he understood the shares were bought and
se placed. It was usual for one of the directors to sign the
certificate of shires being transferred, but did not believe
that any certificate was issued in the case of Mr. Maitland
Boyd. Dividends were declared continuou'ly tram 1842 is
1847, but could not state whether any dividend was aver
paid to either of these three gentlemen. Mr. Maitland Boyd
had not applied to witness with reference to these shares
stone this Inquiry was opened, nor had he had any conver-
sation with him or Mr. Legere theugh he poreibly might
here had with Mr. Mark Boyd, or Mr. White, clerk to the
latter. Did not until the last meeting believe that Mr.
Maitland Boyd had ever signed soy document as a share-
holder whatever, and dared say be had stated err 'CI other
parties. The transfer of the five shares in January, 1848,
was in the handwriting of Mr. Wood, but the transaction did
not appear to have been entered in the minute book.
Cres-examined by Mr. Daniell.—A list of shareholders
in the Royal Beek was from time to time made out, and
sent to the shareholders, with the number of shares which
they held. Tee name of Mr. Maitland Boyd appeared on
the list for 1847, with five shares opposite his name, but oauld
not state whether notices of the general meetings were sent
to that gentleman. The tick" placed opposite the names
did not denotes that the notices were sent to each of the
shareholders ; but was probably for the purrs* of cherkicg
the number of shares with those in the ledger. At the first
general meeting of the bank, in 1846, witness's impression
was that Mr. Maitland Boyd was present, but could not
swear it. Believed that the ledger would show the shares
of whiela the paid up capital of 116,0001, given in the
general report of August, 1847, consisted ot, for a portion of
which there were bills receivable. In the account of 11,620
ahares, upon which 101. per share had baen paid, was in-
cluded the fire shares to Mr. Maitland Boyd. This was an
in 1846,1846, and 1817.
Rieexamined.—lt appeared from the books that there
was no cash paymcat made by Mr. Maitland Boyd to the
bask in respect of his fire shares.
Mr. Sewell here observed that he was not prepared to go
into any investigation on the present occasion beyond that
which related to five shares in 1848.
Mr. Daniell, counsel, and Mr. Harris, solicitor for Mr.
Wryglits the official manager, said they understood a letter
had appeared in the Daily Neter on this subject, from which
they inferred that the whole matter was to he gone into.
/dr. Sewell replied that a letter had appeared, but that the
, subject of the other five shares would come on at a future
, meeting ; his object ca the present occasion mainly being
with reference to the shares of 1848, and the veracity of Mr.
Maitland Boyd, in comparison with which he oared nothing
about the liability the shares would entail on Mr. Boyd, and
be thought the evidence of Kr. Wray want tar to put the
matter right.

Several new companies have been referred by the
court to the Masters In Chancery, to be wound up, but they
cannot be proueded with this term, as the Masters' courts
are full, independently of the fact of not one of the 130 coat
patties under the operation of the Whiding•up Act having yet
been finally wound up. His Honour Muter Brougham his
declined to make a call sp•cially for payment of the costs of
winning up, being of opinion that a first call to be made
under any estate should be to pay the claims of the creditors.
It is understood that the Bt. George's Steam-packet Cona-
n, !Phone vowels plied for a length of time between
- _

Cori, Liverpool, anetie European inn, it wound isp so
far as the payment of creditors is weeetned, and that out
of the two calls of 1001. per share and 361. per share wade
on the shareholders to defray liabilities, a sum of 40,0091.
his been collected. The new Master in Chancery Humphry
will, as junior matter, sit for the despatch of bonnets during
vacation.