The Sun.
London, England, 1869-01-22 00:00:00

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Do. 1864
Do. Account
Do. £5OO Bonds
Do. I,lod Bonds 9O
English Scrip,-1868„ 7l/ i
Do do. £45 pd — dis
Government RAU way Deb.,ntures
Greek 5 per Cent., 1824 5, ex Coups —
Do. Account
Do. Coupons . .
Do. Account
Guatemala 5 per Cent .. —
Honduras Gov. Rail. Loan., 10 p. Ct., all pd
It4itan 5 per Cent., 1865 —
;)o. Account .
Do Meremmena Railway —
• “xicar. 3 per Cent —
Ditto for Account
Do. 1864 —
Do 14 per Cent.. Anglo-French —
,ontevidvan 0 per Cent. .. —
,loorish iinperial 5 per Cent
New Granada 7._

Do 3 per Con 351
Do. Deferred
Peruvian 5 per Cent. 1865
Do Account 76!

Do 4} per Cent. (Uribarren)
Do 4} per Cent., 1862 •

Do Account
13,,rt3guese 3 per Ct., 1853,'6, 7,'9,'6U,'2.': 36
Do. do. 1867 361
Do. do. Sc:-ip, £2O paid —
11assian 5 per Cent., 1822, £ St
_. . .. -...

Do 4} per Cent , 1850
Do 4i per Cent., 1860

Do 3-tier Cent.; 1859
Do 5 per Cent., 1862
Do. Anglo-Dutch, 1864, £lOO Bonds 9ll
Do. do. £B4 los. do —
Do., 1866, £lOO Bonds —
Do. do £B4 15s. do —
Do Nicolas Railway 67 6}
Sar Tinian 5 per Cent
Spanish 3 per Con .'
Do. Acc•funt * 33
Do. 1867 -
Do. Account
Do. New Deferred
Do. Account
Do. Passive —
Do. Com. Cert. of Coup. not funded
Do. Account
Swedish Provincial Mortgage Loan
Do Government, 1864
Do do, 1868
Do do, Scrip — I'll':
Turkish 6 per Cent.
Do Account
Do 6 per Cent. 1858 —
Do Account
Do .0100 Bonds —
Do 6 per Cent., 1862 —
Do Account
Do .£lOl Bonds 64
Do 5 per Cent. 1865 —
Do Account
Do 6 per Cent., 1860 . 601 1
Do I por Cent., Guaranteed
Do Laud Warrants (Hectares)
Venezuela 3 per Cent. —
Do. Account
Do 6 per Cent. 1864
Do 6 per Cent., 1862
Dividends on the aboTo payable in Lou'.,.
Austrian o per Cent. Ex 10 Florins
Salgian, 41 per cent., Ex. 25f.
Dutch zA per °Aut. Ex. 12 Gail 57/
Do. 4 per Cont. Certificates ..... BBl

Do. Account
French Rentes, 3 per Cent., Lx. 2M. —
It,thrui 5 per Cent. 1851, AM.
Do Account 531
CLOSING PRICES.
Consols, Money 93 i
Do. Account, Feb. 4

0 VEREND, GURNEY, AND COMPANY.

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FURTHER EXAMINATION OF THE DIRECTORS

THIS DAY.

The case for the prosecution was further proceeded
with this day.

Mr. Harding, one of the ( flicial liquidators of the
limited firm, was placed in the witness box, and the
evidence he had given on the former occasion was read
over. He explained to the Court for his own justification
the reason why he did not make any inquiry respecting
the Greek and Oriental Steam Company, who appeared in
the books of the limited company as debtors to the amount
of £144,000. It appeared to have been written off as a bad
debt to December, le6Z ; at least it was only stated to be
likely to realise £7,000.
Mr. Lewis said that, notwithstanding this fact, the
debt had been previously passed over to the limited com-
pany as a good asset.
Mr. Harding said this was so.

In answer to questions put by Mr. G. Lewis,

Mr. Harding said that a debt of £27,028 due by A. G.
Gordon and Co was written off in March, 1865, as a bad
debt. The firm had failed at this time, and the debt was
considered and treated as worthless by the old firm, but it
was handed over as an asset to the new company. The
same thing, in point of fact, was done with the debt of
£144,000 owing by the Greek and Oriental Company. When
the limited company closed its doors the debts of the direc-
tors were stated at £2,970,000, and ho estim.►ted the total
claim of the limited company against the directors of the
old firm at the present time at £1,027,000, the amount
having been increased by bills of exchange that had sinco
become due and had been dishonoured. The losses of the
limited company during these nine months of trading,
irrespective of the losses by the old firm wore £1,400,000.
(Sensation.) They made no profit at all if the losses were
debited.

In cross•examination by Mr. Sergeant Ballantine, Mr.
Harding admitted that the business of the old firm (dis-
counting principally) was a very irofitablo one, generally
speaking, and the losses that had occurred arose from ad-
vances made for shipping and other such securities. The
great panic compelled the new company to close its doors,
and after that smaller firms went, and the securities
in many instances hold by the new company in a great
measure became worthless. The stability of the company was
no doubt affected by the circumstances becoming known
that the estates of the directors were being realised.

Mr. Sergeant Ballantine—You have found it necessary
to make another call of £5 upon the unfortunate share-
holders. Is there any hope that that money will ulti-
mately be returned to the shareholders ?
Mr. Harding—Yes. We hope to be able to return the
money. There are certain assets which have yet to be
realised, and we hope with a favourable result. I may
say we never anticipated the necessity of making that
fresh call, and I hope when the securities are realised
we shall be able to return the money we are now com-
pelled to call for.
Mr. Sergeant Ballantine-1 hope your anticipations will
In) realised.
Mr. Harding—l hope so too.
The case occupied his lordship unil four o'clock, when
it was again adjourned.