The Express.
London, England, 1868-01-13 00:00:00

TIE EXPRESS, 14074DNU ETEN/NOl, ANCIAZY MI 1868.

with the inaidental ocremanclal apportenant to that
sante&
-Tim Dna of Arches—Ton so it has nothing to do with
ceremony t
Mr. Priam= said it had nothing to do with ceremonial,
and nothing to do with individual cites and ceremonies.
One of his points was that there ware several canons
which had always been acted upon, and regarded as bind-
ing, but which could have no effect at all if the
construction which his learned friend contended was
correct. From the beginning to the present time,
practices had existed which were not directed in
the Prayer-book. The fair linen cloth had been rood
from time immemorial. The irreverent spirit of the
Puritans led them to discontinue its use, and there WAS
no direction regarding it in the first Prayer-hook, but in
the second Prayer-book it was found neceseary to intro-
duce a direction that it should be need. His learned friend
said the church of England was an act of parliament
church. It was not an act of parliament church ;it was a
branch of the one holy catholic apostolic church.
[The case was proceeding when oar report left.]

MONEY MA2tirsr:-.4rin#DAT.)
curl o'Ornase
In consequence of the superabundant), d massy,
the more favourable aspect at CredMendlt 46189
and the announcement of a further large shipment
of gold from New York to this country, the insehsts
for public securities are generally firm. The
amount of business has increased, and would
probably be dill larger, but for the intervention of
the fortnightly settlement. The arrangement
of the account again shows a small supply
of stock, especially as regards railways,
the public not being disposed to sell just
previous to the declaration of the half-yearly divi-
dends. Consols are in request, both speculatively
and for investment, and have experienced a further
rise of 5 per oent. A similar movement has also
occurred in the Three per Cents. Reduced and New
Three per Cents. The advance in railway and
foreign stocks ranges from to 5.
Consols are quoted 925 to 5, ex div., for money
and the new account (6th February). The
Three per Cents. Reduced and New Three per
Cents. are called 925 to 5.
Home railway stocks are inquired for, and a rise
of * to 5 per cent. has occurred in several cases.l
Great Northern A is 5 better, at 1075 to 108.
Annexed are the quotations :—lketropolitan, 1.1551
to 116; Great Western, 455 to 5; London and
North Western, 1141 to 5 ; Midland, 1031 to
Lancashire and Yorkshire, 1235 to 5 ; Caledonian,
731 to 5 ; South Eastern, 671 to 5 ; Great Eastern,l
29f to 5 ; Great Northern, 1055 to 1065 ; London,
Chatham, and Dover, 18 to 5 ; North British, 331
to 34 ; Brighton, 485 to ; Berwick, 99 to 5;1
and York and North Midland, 915 to 925.
The supply of money in the discount market is
greatly in excess of actual requirements, and the
quotation for the beat bills is as low as 15 to 15
per cent. There is no demand for loans in the
Stock Exchange, even at 5 per cent. per annum.
The foreign stock market is firm, with an in-
creased amount of business. Italian Bonds of 1861
are in prominent request, and have risen 5 per
cent., viz., to 425 to 5. Turkish of 1865 and
Spanish New Three per Cents. are 5 better, at 301
to 5 and 35 to 5, respectively. Portuguese scrip
is quoted Ito If prem., showing a rise of f ;
Turkish of 1862, 565 to 575 ; Greek, 12} to 5 ;
Egyptian of 1864, 87 to 88 ; and Mexican, 155 to 5.
American securities have declined 5 to 1 per
cant. The 6-20 Bonds are at 715 to 5 ; Erie Rail- i
way shares, 495 to 505 ; and Illinois Central, 871
to 885.
Atlantic Cable shares are unchanged. Anglo-
American are quoted 20 to f ; and Atlantic Tele-
graph Eight per Cent. Preference, 45 to 55.
Bank shares are steady at the closing prices of
Saturday. The transactions are upon a limited
scale. _ .

; ditto, for account, 921, ex div. ; Three per
os.te. Reduced, 92/, /, New Three per
931, t ; Bank Stock, 240, 2 ; India
Five per Cent. Stock, 1111, /, ex div. ; ditto
Font per Gent., 1001 ; ditto Five per Cent.
" enfaced " rupee paper, 103 ; ditto Five-and-Half
per Cent., 10811 ; ditto Bonds, 35e. prem.
The India Five per Cent. Stock was more in-
quired for, and improved, being last marked 111}
ex div.
Exchequer Bills remain at 22e. to 275. prem.
In the foreign stook market there was again a
demand for Egyptian Bonds, which rose to 1 per
cent. Some of the Russian, as well as Buenos
Ayres Six per Cents., improved to the same extent,
and Turkish of 1865 were better. On the other
hand, Ch lion of 1866 and 1867 declined per cent. ,
and Italian of 1861, I.
The Honduras Government Railway Loan was
quoted to 1 prem.

COURT OF BANKRUPTCY.
(Before Mr. Commissioner Goulburn.)
IN BE (MAHAN, PAUL, AND BASIS.
The bankrupt. were the well-known bankers and navy
agents, in the Strand. The failure occurred about
twelve plan sines, and in consequence of the diadosures
which were made, prosecution was instituted by the
assignees against the bankrupts, who were convicted. This
was a sitting for dividend. From a statement rendered by
the official assignee it vpsared that 9,9151. ems the
balance standing to the crt of the joint estate ; and the
rums of 1,1601., 678'., and 3251. were applicable for division
amongst the separate creditors of Strahan, Paul, and Bates
respectively. It was announced that an appeal was pending
affecting the assets. and an adjournment of the dividend
was accordingly ordered.

miNEs.--(TE18 DAY.)

On o'Czooz.

With the exception of North 'Treskerby, which
have declined to 275. to 295., British mining secu-
rities are firm to-day. Annexed are the quo-
tations for the shares which are in chief request,
viz., West Chiverton, 87 to 68 ; Great Betaneck,
n to j ; East Russell, 325. 6d. to 375. 6d, ;
Wheal Grenville, 325. 6d. to 354. ; North
Chiverton, 4} to it; Prince of Wales, 54a. to 'as. ;
Wheal Trelawney, Bto 9 ; Cern Brea, 23 to 25 ;
West Great Work, 34 to 1 ; and North Crafty,
2*tol.
St. John del Rey shares exhibit no recovery, at
35 to 37*. Don Pedro are quoted 2* to prem. ;
Anglo-Brazilian, 1-16 dia. to 1-16 prem. ; Pes-
tarena, * dis. prem. ; Chontalee, 11 to II
dia. ; Rees& Grande, 9-16 to 11-16 ; Anglo-Italian,
*to 1 prem. ; United Mexican, 1* to 1* ;
Frontino and Bolivia, to I ; Port Phillip,
, 1 to 14 ; Central American, dia. to par ; and
Anglo-Argentine, I to * prem.
, The directors of the ROY& Grande Gold Mining
Company (Limited) have made a call of 2s. per
share payable by the 29th of February.

[For to-day's Share List see page 4.]

UNION BANS OF AUSTRALIA.(THIS DAY.)

The half-yearly meeting of the shareholders was
bald at the beak, 38, Old Broad-street, Sir H. Paaara

in the chair.
The following report was read b the manager, Mr.
y
flauXnEn• :—" The directors have much satiefaction
in again presenting • balance-sheet which shows
the continued jprosperity of the honk, and enables
them, after fully covering every doubtful account,
to maintain the dividend ol the moan heli-
port. The preemie of money
in the colonies, alluded to
in the last report, Imalumn followed by a period of ease and
by lower rates of interest, which continued at date of
latest advice'. Trade has experienced considerable depres-
sion, but, though more limited, appeared sound ; in ces-
sion,
this there has of late been tome contraction of
t▪
he business of the bank. The accounts which the di-
rectors continue to rsoeive indicate colonialdent and
zealous management on behalf of the xecutive,
to which it has so frequently afforded them pleasure to
bear their cordial testimony. A vacancy in the
board, through the lamented death of James John
Cummins, Esq., has been provisionally tilled, in ac-
oordance with the deed of settlement, by the appointment
of Richard James Ashton, Esq., who now often himself
for election. The directors cannot advert to the low of
their late colleague, Mr. Cummins, without record-
ing their deep muse of his very valuable !services
to the bank from the date of its formation, in 1137,
until he was incapacitated by ill-health, and they are
confident that the (saline of respect and esteem for
his memory are shared by the proprietary at large.
The °thee of solicitor to the bank having become vacant
by the resignation of Mr. William Murray, has been filled
by the appointment provisionally of hie son, Mr. Charles
Frederick Murray, of the firm of Mean Murray and
Hutchins, whom the directors now recommend to the pro-
prietors for election. The subjoined statement of accounts
presents • net profit during the past half-year of 109,:1441.
16s. Id., available for division. The directors have there-
fore determined to apply the sum of 106,230/. as a
dend of 21. 2a. lid. per share for the half year. The
dividend warrants will be transmitted by post for flit
inst., and in the colonies the dividend will be payable as
soon a. the inspector shall Si after receipt of advises."
The following balance-sheet was also read :
" : Circulation, 463,41 m. los.; deposit...
3,261,242!. 10e. 10d.; bills payable and other liabilities
(including reserves held against doubtful debtal,97S;27:si.
fin 3d.; balance of undivided profit, 111,112 f. O. 111. re-
serve fund, 260,00(9.; insurance reserve account, 75,000/.;
bank premien reserve amount, 75,0001. ; capital,
1,250,0001.—t0ta1, 6,464,097!. 104. Asada : Specie
on hand, and cosh balances, 909,104!. Os. 7d. ;
• 93,290 f. 13s. 7d. ; bank premise* said Pro-
perty, 163.6311. 184. 7d. ; government secnriqes (British
and colonial), 154,3001. ; local bill., bills receivable, and
other securities, 4,901,6401. lla. 3, . ; reserve fund, in-
vested as par statement, 250,000 f. Total, 6,44;4,007f. 10s.
" Statement of Profits :—Behniee of undivided profits
at 30th Jane, 1867, 106,017/. 4s. 10d., out of which a
dividend was declared of 106,250/.—having • balance of
1,767!. 4s. 10d. ; prod ta of the past half-year, after
making provision for all bad and doubtful debts, 1fi0.771f.
19e. : Remuneration to the loon direr
ton and salaries and allowances to the colonial staff,
36,3761. Is. 2A. ; general expenses in the colo-
nies, including rent, taxes, stationery, &c., 12.713!.
O. led. ; remuneration to the board of directors, salaries
of London office staff, rent, taxes, stationery, and general
egresses. 7,003/. 14e. (91. ; inoome tax, 2.134(. 54. ;
toted, 67,4271. 2a. 11d. ; leaving 109,3441. 16s. Id. ;
balance of undivided prod Is at this date, 111,1121. Oa. lld.
"Reserve fund.—New Zealand Imperial Four par Cent.
Debentures, 200.001 W. ; Colonial Six per Cont. Deloantures,
50,0001. ; total, 230,0001.'
The CRAM AN, in moving the adoption of the rePo2t,
commenced with some congratulatory remarks on the na-
ture of the report, as showing the prosperous and sound
condition of the company's affairs. The reeults had
berrived at after careful investigation on
the part of a committee ; and the provision
fee the doubtful accounts extended up to the latest date
nestloned in the advice* received at
niorninr. namely,
the 26th November. A peat deal of credit tome due to the
officers of the beak. The death of Mr. Cummins could not
but be a source of deep regret. He was one of the
founders of the inetientios, and greatly assisted in
securing its prosperity. (Hear, beer.)
The report having been, adopted, a dividend of 2/. 24. Gd.
per share having boon decared, and the nomination of Mr.
Ashton as a
nd tor having bean ccaftrmed, the proceed-
ings termi the usual manner.

VICTORIA STATIO THIS DLIAY.)
N AND PIMCO RAILWAY
COMPRY.-(

The nineteenth ordinary general half-yearly
meeting of this ceopany was held at the offices. Victoria-
chambers this day at soca ; Kr. W. LU, ILP., in the

chair.
The ensransx, to ll:twin the adoption of the rapers,
said that he had netking to add to it except that they
wens auttiradag asesely. sad would always be pre.
pared to pay W. per teat. dividend.
Mr. T. T. Bum seesaded the notion, which was carried
MIL as.
I The retiring director and auditor were then reelected,
' and the proceedin terminated with s vote of thanks to
the charisma sad

.3

Financial shares are without variation. Inter-
national Financial are quoted 21 to 2 die.: Lon-
don, 231 to 221 din. ; General Credit, 21 to die. ;
and Credit Fonder, 3 to 1 per share.
The shipments of gold from New York to Eng-
land continue -won a large scale, a further sum of
200,0001. having been despatched on Saturday. I
The half-yearly meeting of the shareholders of
the Consolidated Bank (Limited) will be held on
the 23rd instant.
The annual meeting of the National Provident'
Institution is called for the 27th inst.
A dividend for the half-year ending the 31st of
December last, on the Midland, Bristol, and Bir-
mingham Railway Six per Cent. stock, will be pay-
able on the 10th of February.
HALT-PASS Owe O'CLOCK.
Consols remain firm, at the above-mentioned
improvement. Caledonian stock has advanced 1
per cent., while Great Northern A has declined / ;
and Great Western and Midland, Ito 1. Foreign
bonds are steady.
In the absence of fresh supplies from Australia
and America, about 32,0001. in bar gold was with-
drawn from the Bank on Saturday for the con-
tinent. 23,000 sovereigns were also taken out for
Rio de Janeiro.
The Per, from Alexandria, has brought 7,4281.
in specie.
The out-going steamer, with the Bombay mail,
will not take any specie.
The shareholders in the Midland Railway Com-
pany are looking forward with great interest to the
meeting convened for the 15th inst., at Derby, as
the proceedings and explanataons upon that occa-
sion will in all probability exercise a distinct in-
fluence upon the market value of this property and
upon the future
.policy of the company. The share-
holders have a right to ask, and should insist upon
learning what is the extent of the obligations
actually bituliwj upon them in connection with the
new works now in progross. It will be another
practical point to ascertaan what amount of the
expenditure already incurred would be sacrificed
by the abandonment of a portion of the proposed
works. It is the more necessary that the proprie-
tors should begin to exercise a financial control,
because the directors' circular has let it be under-
stood that the oast of obtaining_ an entry into
London " defies all calculation." If so, the ques-
tion naturally arises, what guarantee is there that
even the additional capital now proposed,
and the magnitude of which has affrighted
the shareholders, will be sufficient for
the purpose ? .Nor must the shareholders,
if they wish to prevent similarly outrageous laxity
in the future, fail to Maid upon peeerae informa-
tion as to how a sum of 990,0001. has bean already
expended beyond the company's powers. To whom
is this money owing, and what portion of it is due
to the company's bankers But the shareholders,
if they have a due regard to their own interest,
must go farther than this. Past experiment will be
thrown male upon them if they do not take mea-
sures for fixing some definite sum at which the
capital account shall be closed. Were they to do
this, and at the same time withdraw from the
directors all power of borrowing more money, by
providing that any new issues shall be raised in
ordinary etock, to be previously sanctioned in due
form at the general meetings, they would have the
satisfaction of knowing that they were taking
efficacious measures for their own protection.
The directors of the National Bank have car- stessideeicZnyberbieaTialiteDger"derw—Cee, sandLUKiellmind
toaftper mipe.reine;burneu.becedtet
ranged to open a branch at Notting-hill Mime- crowds the anluanhon of birth, with petitions
diately on the completion of the necemary alters- lis the billiinad e • NM"' n°d• aaanth dedications!
limo:rt be fitly proomumed by an which saw in
tions to the premises op te to the site of the aesosiost in. bug dah.with the highs-
railway 'dation, 158, which have been Lip b, won ow, subblig mom I
taken for the purpose. I sseleasholy than the dedisaisey egiodos which such minds
The directors of the Namur and Liege Railway I m ewes, evsa es We as kis dey, pcuisette pmesees a_ a
Company are circulating amongst those interested red- In times kAbireari=sellilesa koticilitotrlnts;
a proposal for the gradual redemption of the
per- I take their shoes has ea tisk feet, and Dow theirwrw faces
ference shares on a plan similar to that ado by eau da if ham the "daises, ef hiwg
the ordinary shareholders. The scheme °assists in leach, and say, ia WWI borrowed from the book of God,
redeeming the shares by annual drawings, by do- that the emend is bele. And they know that the Vollnd PAOVINOIAL SIABB
dueling yearly from the dividends • mitain sum • apt holy. Theay knew that Wet 4,0 to lie& Yon
Sol
road the oseasionums of that foot Wane the lines mum° s„. tt_hiow, aawkwian.
per_ Lihar,-T:, raArket,.....ke „;ths46.llllllZear„,s_ ?Abe epistle in wbish Swift dedicates the " Tale of , Nowimb i-Laneeshire sad insis-iendoe
a"' , Tab" toles& Ossino. Swift wu no Snake,. If ever Newt erries. u-Nandbesur end Lauda-
supported by a sinking fund for eventual lettlereP- issatztaerbssie mak ai Its true value, and see how Aim 64-1441ropollatiazt-isa_mant-_--Lurtat=
tion of the capital, are in disfavour as invest- we is ma he fib side of WM, test man was at wearers
malts." Swift- 11 yew pills wash a hUlaak to assort nassaTebbinspkimmus.°l44l-dD7ttomrperAmmk4ucest., trielairaes-to - berpool. 2(4.".
A special geseral meeting at the Northern end his 90:21.“___ toe car of 11142L_, 11°11,11; mate:teas °mow, iii-Nlitiossi Si..' COMP4K7. 71.
Eastern Railway Company 0 called for the 22nd brift-Tr=o77-th; =ik 11.-atamassiowsr_
ceatHionw.cauenimeoluice now.
" for the purpose of taking into consideration Oman. flora when he bad Übe( firers AM is ble ; 111 4 1-0644 11.444 W. ISt s--oesse
two bills deposited by the Great ]astern Railway ! bum, we was einem ems he awe his seines'e,"," g-as_see sem". Aosen.--e_ roes mamma
Company for application to Jarliament streoling emir% for one, wougar smia.d
tax= Is ire_l=inalVd-logoonetNdten.bwea.
the interests of this company. tilfl=lll7a porta lain d esesura 1.-Lania sod North Wters. 114 1.11
sad =kw-Ditto AS rildersYm ea--
"seklisessi geit at the see far wit, lsel nessidsa,m- s s-rhentessaa
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bothorCOninflr:l:,iithentyllheinleancloseda
thaq at 81W' trils" I
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Cm, Win 1r nuts list arc— mi. Joint Inetir
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tAirson. alkial badness Mon IS hilegro: tisk per Is ea lirrakie arliiie *Moto.- °Q ,e, 01 la, setern-ain tateeiis 1e t
per CA NR OMB* areolpeleir Sr OM Praises fir ligNisff. Nut snarl:rams,