The Sun.
London, England, 1862-03-14 00:00:00

,MBER.

Newmarket F S 5
Chester Spring l3
York Spring
rti

Epsom Summer 3
Chelmsford ll
Manchester ll
Ascot
JU'

Odiham
Bibury Club
Newton
Stockbridge 3
Winchester
Newmarket
Worcester
Liverpool .. 15
A.IIC
Radcliffe 4
Brighton 5
Brighton Club
Lewes 8
Wolverhampton
Reading
Wenlock l5

Devon and Exeter 2
Derby ... . 2
Great Yarmouth
Plymouth
Qxford 4
Warwick 9
Leicester

Doncaster
Richmond
Walsall
Monmouth
Manchester
Newmarket 1' 0

Bedford
Newmarket S 0 l3
NOVI

Gloucester
Newmarket H
EBEL

Worcester
Hereford

Liverp00l
Shrewsbury ....

IRISH RACING FIXTURES FOR 1862.
MARCH.
Howth and Baldoyle Spring lB
APRIL.

Kildare Hunt 8
Athlone
Skerries
Kells O ..••• .• 23

Tullamore .. 24
Curragh April
Tullamore

Cork
Nenagh
Howth and Baldoyle
Jv:

Galway Hunt 2O
Tipperary

Westmeath 3

Curragh June .. 24

Ju:
Bellewstown

'LT.
I Down Royal Corporation 23

UST.

Heath
Wicklow
SBYTIMBEIt.

Curragh
Carlow .. 10 Jenkinstown Park 24
Londonderry . . l2

Ocrasza.
Limerick....
Curragh

NOVEMBER.

Armagh 6

BANK OF ENGLAND.

An Account, pursuant to the Act 7th and Bth Victoria
cap. 32, for the week ending on Wednesday, the 12th day
of March, 1862 :

DOME DEPARTMENT.

Notes Issued .........i29,786,595,

Government Debt £11,015,100
Other Securities .. 3.634,900
Gold Coln Bullion 15,136,595
Silver Bullion ....

£29,786,595

£29,786,595

Proprietors' Capi-
tal X 14.5.53.000
Relit
Public Deposita (in-
cluding Exche-
quer, Savings'
Banks, Commis
missioners of Na-
tional Debt, and
Dividend Ae-

izpARTMiNT:
Government Secu-
rities (including
Dead Weight A-
nnuity) £11,210,541
Other Securities 18.280,554
Notes
Gold and Silver 890,576
Coin

counts) 7,527,911
Other Deposits 13,763,718
Seven Day and
other Bills 619,131

£40,153.221
31.

;` £40,153,221
.RSHALL, Chief Cashier.

March 13, 1862.

LIABILITIES OF SHAREHOLDERS IN CO OPERA-
TIVE MANUFACTURING COMPANIES.—On Tuesday, at the
County Court held at Bacup, judgment was given in a
case which has excited considerable interest in the locality.
In the beginning of May, 1861, a co-operative manufactur-
ing company was formed, denominated the Rawenstall Bob-
bin Manufacturing and Commercial Company. It Was in-
tended that the capital of the company should £50,000 in
10,000 shares of £5 each; but the entire number of persons
tl whom shares were allotted was only 54, and all the shares
taken were less than 120. A resolution was carried for the
purchase of Hareholme Mill for the sum of £BB2 9s 6d ; but
in consequence of the funds not being adequate, the scheme
had to be abandoned. .As there were expenses incurred in
the formation of the company, proceedings were taken to
recover a proportionate amount from each shareholder to
cover those expenses. It was agreed that the decision
n one case should determine all the rest. The defence was
isimply a question of law. It was to decide how far persons
who had become shareholders had made themselves respon-
sib'e, in cases where the original design of the company had
never been carried out. It was argued in this case that the
mill had not been purchased ; that bobbins had not been
manufactured, and that no business set forth in the memo-
randum of association had been transacted. It was urged
that the company had been formed under a false pretence
and as the promoters had broken faith with the share-
holders, they were not liable to contribute to the expenses
which had been incurred. His Honour, in giving judg-
ment, said that in this case the company was incorporated
the defendants had taken shares, paid calls, and taken part
in the meetings of the company. He held that the company
might sue in any competent court of 13w for calls due; and
the verdict would therefore be for the plaintiffs. Re
warned persons to be wary in becoming shareholders in
such companies, lest they might unwittingly And them-
selves in courts of justice.