The Express.
London, England, 1868-10-30 00:00:00

LATEST INTELLIGENCE.

0111101'.111 REUTER'S AORNIT.)
TIIE IIRAZILS
1.1:01:11) 01-TRAGER ON AMERICAN
st.llJEt7lll AT JU3CRNSION.
RIO DR JANEIRO, Oar 9.
ci ../ is Mill hold'ng Valeta. The allies }etre
01 very close to his position.
The tiosncial measares of the Brazilian govern-
ti., nt are disapproved. The war expensos, it is
nitcd, amount to 1,360.1.1001. monthly.
Advioes from Buenos Ayres state that the eon-
-4:l:et of Mr. Washburn, the Anr•rican ministor, is
much ',ensured. The Amerlean squadron goes to
Aperm.ion to demand taress for outrages on
American subjects.
A grand dinner had been given . in honour of
Mr. Sarntissto, the now President of the Argen-
tine Confederation. President Mitre had vetoed
the bill passed by congress, ordering the capital to
leremoved from Buenos Ayres to Rosario.
Richange on London, 19i.

ITEAPFUL BOILER EXPLOSION IN THE
WA T lELOO-ROA n. -'l7 118 AFTERNOON.)

row sur:FITE LNJUBED.
At half-past 2 o'clock thia7afternoon:an explo-
;ien °ten alarming nature occurred's: the extensive saw-
s-inns, belonging to Mr. Norris, situate in Torbert'.---=
ings, Waterloor-ond. At the timermentioned, • ti,
reighbours were starEed by:a loud report. and it
10tInd that a boiler hadiexplodel in the encine-house
works named. As soon n. the elf eta of tie shock ab3te I
Eve of the men belonging to the mills were removed
ticin the ruins severs y injured. One happened: to 11.•
Wm. Norris, the proprietor's san. AU the men were 'at
free conveyed to the hospital. The:extent of thereto,
silty could not be seeertMnet but in addition to th7:77--
;,:•cel: injuries:sustained, the works, havre.been
'Lettered. and huge auks of .tinilierjaave‘been_broi—M
pieces.

ITE (11.4EGE of LIBEL 03' THE 1111177717)
of THE OTTO.II4X RAILWAY.

MANSION HOI-SE.—(TATS PAT.)
Mr. Adolph Eileen. wine merchant, carrying
rn business in the City, appeared to answer an ad-
ourned summons, charging him with publishing
tabs and defam.itosy libel concerning Sir R.
Macdonald Stephenson. the chairman, and the other
c.,u.bers of the councl of administration of the Otto-
r_an Railway Company from Smyrna to Aidin.
It will be remembered that the allezei libel consisted of
-tatetinnts made by the defendant in letters which he
de to lord Stanley resrectiug the affairs of the coin-
) :.v. It spi eared tinit there had leen arrears owing by
Turkish government amounting to 200,000!.. in re-
eet of subsidies guaranteed to the railway, and Lord
y kid agreed to interfere to enforce payment of the
r,-cry, but in consequence of the letters written by the
,':eieuilant his lordship discontinued his mediation. and
.1..• negotiations with the Turli-1 government were
rdien oft.
The Lord Mayor informed the defendant that he found
It necissai v. to meet the convenience of the barristers. to
sa)ourn the case CU Friday nest. and ha would th-re•
.... le La %e to appear again on tlist day.

BeINK or BRITISH sour])
4111.1C4.—(nas Lars

This day the tenth ordinary meeting of pro-
srieters wax held at the Dank premises, Clement's-lane,
Hr. Macau:sax in the chair. a.silb
The following is the directors report :—" The accounts
for the half-year ending 30th June last, after payment of
interest on deposit and current accounts, and charge.,
tasking allowance for rebate on bills not due, and pro•
aiding for bad and do.thtful debts, and including the
1 glance of 1,2' 3a 3d. brought from the previous half-
year's account, show a net profit of 11,029/. 17s. sd.
The directors out of this recommend a dividend for the
half-year of 10s. per share on the shares with 2.51, paid.
and of 4e. on the shares wish 101. paid, which would re-
quire 9,16 i./. Ifs.; that 912/. 12s. 101. be applied to the
reserve fund, and that the balance of 917/. Bs. 7d. be
carried forward to profit and lose new account. In ad-
intim' to the ordinary profits for the half-year the
directors bad been enabled to apply a further sum of
3.1811. 10s. 3d., arising from surrendered and forfeited
therm to the reduction of amalgamation account, which
they bad now closed by writing off against it the amount
at credit of reserve fund. The approval of the share-
hriders is confidently expected for the early removal of
this burden from the accounts; including preliminary
cxrenws already dealt with, the charge amounted, five
years ego. to 41.800!. 4s. 21. The directors continue to
receive encouraging adrices from the general manager as
tc.• the prospects of the bank, and they have every canti-
cle-ace that, with the return of better times for home and
edonial trade. his anticipations will be fully realised."
The CHAIRMAN in moving the report. said that the
troths for the half-year were not equal to those of past
Lalf-tears. but this was owing to the low rate of discount
m the colony. the generally depressed state of trade, and
the depreciation of some securities which they held.
Under these circumstances it was satisfactory that they
were enabled to pay the usual dividend of 4 per cent.
The capital was now reduced to 410,000/. The note cir-
culation was somewhat diminished. The reserve fund was
increased to 16,9001., and the amalgamation fund was re-
cloned by more than 3,00 n!., and now stood at 16,912!.
With regard to the policy of reducing the liability on
'hares. he hoped the shareholders would not press that
matter at present. The liability was more apparent than
rtul. He could not sit down without acknowledging the
services of Hr. Steward, their manager.
In reply to questions put by Mr. Swirros and Mr.
It k
The Cuarraust said that the bulk of the bad and
cloubtrul debts was created three years ago. The bad
debts which accrued since were trifling in amount. He
hoped the discovery of goldfields in South Africa would
lead to a new state of things in that quarter. The branch
I zw.k,. min the same as those of last year with one cx-
ttption.
The Sourrros said he knew of no process by which
in the pound of the subscribed capital could be re-
fLi 11kEd t the shareholders.
The sepal was adopted.