The Express.
London, England, 1861-04-15 00:00:00

I ' i

MONEY MARKE2.-(THIS DAY .)

Two o'Ctout.
Pending the announcement of the Budget, very
little business is going forward in the Stock Ex-
change. Prices, however, are firm in all depart-
ments. The funds are quoted the same as on
Saturday afternoon.

At Paris this morning, according to Mr. Router's
telegram, the Three per Cent. Sante. opened at
67fr. 57c., being 1-16 to i per cent. better than on
Saturday.

Consols are officially marked 911 and 1
for money, and 911 and 1 for the account.
The present quotations are 91a to 1 for
cash, and 911 to for the 9th of May.
The official business report is as follows :—Three
per Cents. Reduced, 891, 901, al New Three
per Cents., 891, 90 ; India Five per Cent.
Stock, 1001, ; ditto Scrip, 1031, ; ditto
Four per Cent. Debentures, 1868, 981, ;
Five-and-a-Half per Cent. " enlaced " rupee paper,
100} ; Exchequer Bills, par, 4s. dim.
Turkish bonds remiin dull ; the loan of 1864 is
quoted 70 to 1, ex div., and that of 1858,
63 to 1. Mexican bonds are a little more
inquired for. Sales are recorded as fol-
lows :—Austrian Five per Cents., 66 (exchange
108.) ; Brazilian Four-and-a-Half per Cents., 1860,
861, 1 ; Dutch Four per Cent. Certificates, 981,
ex div. ; Mexican Three per Cents, 23/ ; ditto for
account, 241 ; Russian Three per Cents., 1869,
611, 1 ; Sardinian Five per Cents., 81; Spanish
Three per Cents., 491 ; Turkish Six per Cents.,
1864, for account, 701, ex dix. ; ditto Six per
Cents., 1858, 53 ex div.; ditto for account, 531.
At a meeting to-day of the creditors of Messrs.
J. G. Behrends and Co., East India merchants, the
liabilities were stated at 25,6681., and the assets at
11,7091. Some creditors were in favour of winding
up the estate in the Court of Bankruptcy,
but it was resolved to adjourn until the 23rd inst.,
to allow the accounts to be examined.

About 13,0001. in gold was bought by the Bank
on Saurday. The Kooria Mooria has arrived from
Melbourne with 40,0001. Of the 48,0001. in specie
by the Atrato, from the West Indies, 36,5001. is
silver and 9,5001. gold.
A fresh batch of 2,000,0001. of Victoria govern-
ment debentures is expected at Southampton in •
few days by the heavy portion of the Australian
mail. With reference to this supply the Melbourne
Argus of the 23rd of February says :—" The Treaaury
has announced that debentures to the amount of
2,000,0001. have been sent to England for sale, at
• limit which has been confidentially communicated
to the banks." It is uncertain at what period
tenders will boi invited for them in London. Possibly
a delay of two or three months may occur before
any notification is issued.
The Liverpool cotton market on Saturday was
very firm, but the sales did not exceed 7,000 bales.
The law respecting the iucome tax has been left '1
in a very anomalous condition. The income tax
Acts having expired on the sth inst., a contem-
porary has already called attention to the circum-
stance that the dividends due iu the early part of
the present month on certain securities are being
paid free of all deduction on that account. On
the other hand, it was intimated on Saturday at
the Crown Colonies office that the tax will be de-
ducted from the interest due to-day on Cape of
Good Hope Bonds. In answer to the question as to
how income tax can be deducted now that there is
no law in existence on the subject, it was stated
that the agents are acting under instructions. Our
law-making is certainly, conducted upon a very
clumsy system. Nothing can be more unjust than
to tax some persons and to let others pass free.
Yet the nation pays a good deal for professional
advice in the conducting of its business, and its
legal advisers are sometimes wonderfully quick if
a hole 'is to be picked in a contract, as shareholders
in the Red Sea Telegraph Company will readily
testify.

With reference to the stoppage of the Preston
OW Bank, the Manchester Examiner lays :

We are informed, from a reliable loans, that further in.
vestigatiou into the affairs of the bank does not materially
alter the opinion already expressed, that if forbearance on
the pert of the numerous creditors be shown the liquidation
will prove a favourable one. Our readers will be surprised
to learn that the creditors number above four thousand, •
large proportion of whom are for small amounts, the largest
not exceeding 12,0 W. This fact is sufficient to indicate the
extent of the inconvenience and present embarrassment
• .

which seamanly result fmm the suspension of an oldmta-
blished (moors like the one in question. !Anon. Deloltta
and Halliday, accountants, Manchester, are now engaged in
investigating the affairs of the bank,preparatory to minor
• statement which will be presented to a meeting of the
creditors to be held at Preston as early as possible.

The annual meeting of the East Indian Railway
Company is called for the 30th instant, and will be
made exteaortlinary to authorise au increase of the
capital by the creation of new shares.
At the meeting on Saturday of the shareholders
of the Agra and United Service Bank, the direc-
tors' report, which was received with satisfaction,
was adopted.
The half-yearly meeting of proprietors of the
Bank of Victoria was held at Melbourne on the
sth February, when the management sub-
mitted their sixteenth half-yearly report. The
net profits of the half-year amounted to 33,596/.
12e. 7d., which it was proposed to apportion as
follows :—To dividend at the rate of 10 per cent.
per annum, 25,0001. ; to reserve fund, 5,0001. ; to
built premises (creditor account), 3,5001. ; to ba-
lance to profit and loss, 961. 12s. 7d. The report
was unanimously adopted, and thanks were voted
to the board of management for the satisfactory
manner in which the affairs of the establishment
have bees conducted during the past half-year.
The diActors of the Commercial Banking Com-
pany of Sydney made their twenty-fifth report to
the shareholders, at the head office ,of the bank in
Sydney, on the 25th January last, and congratu-
lated them on the sumeas of their operations for the
half-yearending Slat of December, 1860. Although
I the period had been one of unusual depression in
the colony, the directors were enabled, after
making provision for all bad and doubtful debts,
to declare the customary dividend of 15 per cent.
per annum, making at the same time an addition
of 4,000/. to the reserve fund, and carrying forward
3,334/. 17s. 3d. undivided profits.
The half-yearly report of the directors of the
Sambre and Manse Railway Comittny recom-
mends a dividend of 2s. 6d. per share.
A call of 101. is to be paid on the scrip of the
Falkland Islands Company by the 7th of May.
We are requested to state that the share list of
the Brighton Hotel Company will be closed on
Wednesday, the 17th inst.

SAMOA, EVIIIING.

Consols, which closed yesterdaiaiiii
, for the 9th of May, opened this morning at 911
to 1, and closed at 911 to 1. For money the last
price was 91g. The official business report is as
follows :—Three per Cent. Consols, for money,
911,1, ; ditto for account (May 9), 911, ; Three
per Cents. Reduced, 90, 891 ; New Three per Cents.,
90, 891, 1, 90 ; Bank Stock, 2281, 226/ ; India
Stock, 222 ; ditto Five per Cent. Steil, 1001, ;
ditto Four per Cent. Debentures, 1859, 961
Five per Cent. " enfaced" rupee paper, 931 ; ditto
Five-and-a-Half per Cent., 1001.
The scrip of the New Indian Loan was quoted
1001 to 1 ; the Five per Cent. rupee paper, 93* to
94 ; the Five-and-a-Half per Cent., 991 to 1001;
and Exchequer Bills, 3s. dia. to par, being firm.
Turkish Bonds were heavy; the closing quotations
were 70 to 1, ex div., for the Loan of 1854, and 50
tot for that of 1868. Mexican Bonds left off at
23 to 241.
o alteration occurred to-day in the market for
bank shares. In the miscellaneous share market
the only alteration was an improvement in Austra-
lian Agricultural.
The closing quotations for shares in new
were under-
takings to-day as follows :—Ocean Marine In-
surance, to 3} prem.; Thames and Mersey
Marine, 1 to 11 prem. ; Universal Marine Insu-
rance, 15.18 to 11-10 prem. ; London and Pro-

vineial Marine. par to prem. ; Bast India Irri-
gation, I 1,0 du.
Canada Uuvernment Six per Cents. were in-

quire) for.

MINES.-(THIS DAY.)

Two o'Cwcz.

The mimeg market to-day is rather inactive, and
wainare generally the same as on Saturday. No
are recorded in the Stock Exchange
official list. East Wheal Grenville shares are
still very firm, transactions haying occurred at 2;
to 3. %lima Unity have also been dealt in at
7a. &I. to W. tad., and East Caradon at 19 to 1.
An improvement has taken place in United
Mexican Mining shares, which are marked to-day
N and 6. Port Phillip are also firm, being
marked f.