The Northern Daily Times.
Liverpool, Merseyside, England, 1857-03-26 00:00:00

English boat for Southampton, at from 281,d to
2744 sixty and ninety days. The Bank rate of
Discounts continued at eight to nine per
cent. per annum according to tithe, money
out of doors was abundant at above rates.
From Bahia WI) learn that owing principally to the
heavy importations during the last month or two,
the custom house and landed warehouses are com-
pletely filled; vessels had been obliged to wait for
weeks before they had been admitted to discharge
their cargoes, and great stagnation had taken place
in the import market. The greater part of the stock
of Cotton had been bought up at 61400 per arroba,
at which price, with Exchange at 281, it stood at
nearly Old per lb, free on board, freight excluded.
Coffee was in brisk demand; fair quality,-from
the interior, selling at about 44s 41 to 45s 3d per
cwt., free on board. In Sugar considerable
activity had prevailed, at about 30s for Browns,
end 37s 6d to :38s 5d per cwt. for Whites, free on
board.

We hsve just received the statement of the half
year's accounts to January 31, 1857, of the Greet
Western Railway of Canada. The gross traffic
receipts are 393,8801. 12s ; the working expenses,
191,810/ 3s 31 ;. the net revenue, 193,763/. lOs 2d ;
and the interest on bonds and government loan,
55,0691 Os lI d ; leaving a net balance of 146,750/.
5s 21, which is more than sufficient to pay a divi-
dend on the share capital at the rate of ten per
cent. per annum. Reserving, however, 14,0831.
Os 74 towards the liquidation of the Government
loan, the half yeat's dividend will be at the rate of
9 per cent. per annum, with a surplus of 2,4281.
18s 2d. All these sums are in Halifax currency.
Owing to doubts respecting the power of corn
panics incorporated under the Limited .Liability
Act of 1856 to issue scrip, the Stock Exchange
committee recently took counsel's opinion on the
point, and havo adopted the following resolution,
which will in future form part of the law of the
Stock exchange :
In settlements of shares of companies under the Limited
Liability Act, when the allottees have signed articles of
association, no delivery of shares must be by deed of
transfer; and in cases where no such articles have been
signed, and scrip certificates only have been issued,the com-
mittee will not fix a settling day in such scrip, unless they
bear a stamp of one penny, and a limited period be
stipulated on the scrip certificates for their registration.

This afternoon a general meeting of the share-
holders in the London and South Eastern Banking
Corporation, was held at Westbourne terrace,
Hyde Park, London, but in pursuance of a practice
of the Directors since the origitt of the undertak-
ing, the reporters for the public press were not
admitted. The object of the meeting, it is sup-
posed, was to take steps for winding-up the
concern. Tales are rife of disastrous consequences
attending the fate of the Bank to individual
shareholders. The head office is at 27, Cannon
street, City, and there are branches in Mark lane,
Pall Mall, and Westbourne terrace; es also at Cal-
cutta and Bombay. The Bank was established in
1854, with a nominal capital of half a million
sterling, of which 250,0001. or 501 per share, is paid
up. The number of partners, or shareholders, in
the bank, which is incorporated by royal charter,
is about 850. The chairman is John Carnac Morris,
Esq.; the deputy chairman is the Hon. John C.
Erskine, and the directors are Colonel Thomas
Chadwick, Colonel W. P. Waugh, Colonel E. R. W.
W. Yates, and Messrs. Henry Fendall, Robert John
Lattey, and J. E. Stephens: This latter gentleman
is also general manager. The trustees are General
George Brooke, C. 8., Colonel Thomas Chadwick,
and Colonel J. G. W- Curtis, CB. The company
are agents in London for the Delhi Bank, Simla
Bank, the Uncovenanted Service Bank of Agra,
and the Agra Savings Bank.

THE WAR WITH CHINA.