The Sun.
London, England, 1870-01-28 00:00:00

UNIVERSAL PRIVATE TELEGRAPH.

Yesterday a special meeting of this company was
held at the offices in Adelaide-street, Strand, for
the purpose of considering a proposition for en-
abling the directors to wind up the affairs of the
company and to distribute its assets. Mr. Mellor
was in the chair.

The CHAIRMAN, in moving a formal resolution,
explained that the proposed course had been ren-
derednecessary in consequence of the company's pro-
perty and business not being dealt with as the other
telegraphic properties which the Government had
purchased. It was the opinion of the directors
that when the Government scheme was put for-
ward, all the property and business of all the tele-
graphic companies would be purchased, and, of
course, the property of this company, therefore it
had not been considered necessary to instruct
counsel, and it was only at the last moment that it
was found the company was altogether excluded
from the Government measure. After interviews
with the Postmaster-General the company was
included with other companies, but powers of
winding up were refused. It was therefore neces-
sary that this Act should be obtained to free the
company from liability on account of outstanding

Mr. CARREY seconded the motion.
The CHAIRMAN, in reply to a question, said that
Government were to give £184,000 for the entire
interest in the company's property. The capital was
£126,000, and there were outstanding claims, the
precise amounts of which were not known. At the
meeting to be called for the confirmation of this
day's proceedings, the directors would be prepared
with a scheme for the division of the money when
paid. His views were that the whole of the capital
should be paid off, with the interest thereon, in the
first place, and retain the balance to meet any con..
tingent liability.
The resolution Was carried, and the proceedings
terminated.

RAILWAYS.—PREFERENOE SHARES AND STOOKS.
With Dividends contingent on the Profits of each separate year

Bank of France.

rAnis, Jan. 27.

lhe following is the return of the Bank of France
for the week ending to-day, together with the cor-
responding figures of the previous account :

Jan. 20.

DEBTOR.
Jan. 27.
fr. C.
Capital of the Bank 182,500,000
Profits in addition to
Capital (Art. 8, Law„
June 9, 1857) 7,044,776 02 7,044,776 0
Reserve of the Bank
and its branches
Reserve of landed pro-
perty - 4,000,000 4,000,000 -
Notes in circulation -
Banknotes to order and
receipts payable at
sight 41,598,771 45 42,311,210 07
Treasury account our-
rent creditor 364,620,483 52 153 409,662 37
Current accounts, Paris 279,586,821 50 294,429,977 46
Do. branch banks 42,184,011 43,181,942
Dividends payable 3 ,145,143 3,816, 639
Discounts and sundry
interests
Rediscounted the last
six months
Surplus of receipts not
distributed
Sundries

22,103,750 -

182,500,000 -

22,105,750

1,305,522 15 1,305,522 15

9,938,120 61 11,536,132 87

Total
CREDITOR.
Jan. 20. Jan. 27.
fr. c.
Cash in hand and in fr. . c.
Branch banks
Commercial bills over-
due
Commercial bills dis-
counted, not yet due 341,258,478 90 $26,0182,11,162
727 80
Do. branch banks 344,229,945 813,
Advances on deposit of

204,211 71

164,252 36

15,598,900 - 14,927,810
2,548,000 - 2,212,700

bullion
Do. branch banks
Do. on French Public
Securitias 20,960,500
Do. by branch banks 9,279,350
Do. on railway shares

20,992,400
8,718,950