The Sun.
London, England, 1847-11-03 00:00:00

At the Bank of England to-day there was an
arrival of gold to the amount of upwards of 200,000/.
This makes nearly a million which has been received
during the last ten days.
The Caledonia steamer, arrived from Hamburgh,
has brought about 100.000/. in gold ; the Soho, from
Antwerp, has also brought 10,0001.
on. It was a bank of
The stoppage of the Shrewsbury and Market
tehdisrn
(Adams,afte
circulationAdams,o was only 9,7001., and
Warren, and Co.)
issue,
sarusaeyannounced
but
x
its liabilities altogether are believed to be insigni-
ficant Mr. Warren (one of the partners) is a
solicitor. Messrs. Masterman and Co, are the Lon-
don agents.
In London to-day there was decidedly an improved
feeling. No failure was announced, except that of
i
Mr. S. S. Curtis, n the hide trade. The house was
an old one, but the liabilities are not supposed to be
at all large.
It has been notified that the draughts of the Gore
Bank, Upper Canada, drawn on Reid, Irving, and
Co., will be protected by Glyn and Co., ample funds
having been remitted for the purpose by that insti-
tution.
waslhe 18th
held to. day of the creditors of
Brothers,
ult. and Co., whose failure
Mr. J. A. Arbuthnot
tooAk Messrs.
place
a meetingr
caolny,
was in the chair, and the following is the statement
of the debts and assets :
TOTAL LIABILITIES.
X. S. d. .c.

S. d.

Total amount of accep-
tances •.. ... 244,678 6 2
Of which,—Secured
specially... ... 60,120 0 0
Total to claim upon

the estate..
Sundry creditors un-
covered ...
Sundry creditors par-
tially secured ; de-
ficit in value of so..
security . . •.•
Liability in respect of
bills on third parties,
bearing our endorse-
ment,—
Total amount of such
bills
Of

184,558 6 2

162,684 5 0

34,262 4 1

... 158,259 6 10
which,— Bad,

3,0001. ; Doubtful,
30001. ... ...

6,000 0 0

08,504 16 1

Sundry small accounts
to be paid in full ...

2,000 0 0

£389,504 16 1

TOTAL ASSETS.

X s. d.

Bills of exchange ... 11,491 7
Of which doubtful
value, say—

... 2,000 0

Produce and shipping
documents in hand
Sugar expected to have
been shipped from
Mauritius before re-
ceipt of news of fai-
lure, say— ...
Bills of exchange upon
houses that hare
failed
Valued at ...
Balance of account with
correspondents in

•.. 11,861 13

India ...
Surplus of securities in
the hands of certain
creditors, say—
Remittances expected
from Mauritius in
next five months, say
Balance at bankers',
who are creditors for
an unsecured loan ... 1,900 0
Sundry debtors

MAURITIUS ACCOUNT.

X s. d.
Total of debit of agents 420,200 0 0
Ditto of sundry planters
and others ... ... 110,000 0 0
Cost of one-half share
in three estates ... 88,000 0 0

X 618,200 0 0
This item is now re-
presented by the fol-
lowing properties:-
1. Seven estates in the
island, which, by
agreement with the
Mauritius agents,
made on the Ist of
June last, aro now
Barclay, Brothers,
and Co.'s property;
these have been taken
at the value of about 340,000 0 0
Estimated to realise,
at 50 per cent ...
2. Sundry claims, good,
but not immediately
realiseable, amount-
ing to about ... 68,000 0 0
Estimated value, at
80 per cent. ...
3. Claims still held in
joint accounts with
agents, standing at
about ...
Estimated value ...
4. Proximate balance
to be accounted for
according to the
terms of the agree-
ments of the Ist of
Juno

... 77,000 0 0

98,000

nominal 98,4917 4
surplus o f
The above account exhibits a nomf
wB,h9iBe7hl.,wbeuntt etexpslhaenwatiothnastwtehree glikivennidabytian the chairman
will be a
rae rt
e, a
nt
do
very unfavourable one. It appears that in June last
dividea r r a n g et
hi nee
estatent
Messrs. Barclay, Brothers, and Co. entered into an
wiTinthweihrieahgetnhtsey iwnerteheinteMusitdius
which, up to that time, had been equally held by
the two firms. By that means the items in the above
" Mauritius account" came into their possession.
There are creditors, however, who hold draughts of
the Mauritius agents upon the London firm to the
amount of about 100,0001. (and it does not appear
certain but that that sum may be increased), who
will, of course, not permit the transfer to be com-
pleted without provision being made for the satis-
faction of their claims. To secure that object it
was accordingly suggested to the meeting that all
the estates, &c., which prior to the said agree-
ment belonged to the two firms should be conveyed
to trustees, subject to the payment of the Mauritius
billholders, and afterwards that the property
should be disposed of on the basis of the con-
templated plan. On the other hand, as a consi-
deration to the general creditors of Barclay
Brothers, and Co., for this step, it was agreed that
the Mauritius billholders should be required to allow
the sugars of the crop of the present year, and all the
other assets of Barclay, Brothers, and Co., except the
Mauritius assets, to be realised, and that they should
forego all participation in the proceeds. The scheme
was suggested in order to prevent unnecessary law
proceedings in the island; and it was agreed by the