The Sun.
London, England, 1869-01-08 00:00:00

THE SUN, LONDON, FRIDAY EVENING, JANUARY 8, 1869.

SHARE LIST.

ORDINARY dliAisigS AND STOCKS.

JOINT-STOCK BANKS.

Closing. Business
Share NA3I3. Paid. Price. done
10 Agra Limited, A all 111 121
AO Do B lO 41 54
60 Albion
100 Alliance, Limited
20 Anglo-Austrian
20 Anglo-Egyptian, lim all 17 1i
20 Anglo-Hungarian
20 Anglo-Italian 1866, limited 10 7 b
90 Australasian
20 Bank of British Columbia all 11 13
20 Do issued at 2 pm....., 5 ... •••
25 Bank of Egypt
20 Bank of Otago, lim.
25 Bank of South Australia all SO 32
50 Bank of Victoria, Australia 25 37 39
10 Bank of New Zealand all 17 19
be British North American
20 Chartered of India, Austra-
lia, •nd China all 20 21
25 Chartered Mere. of India,
London, and China all 29 SO 2I: i
20 City
100 Colonial 25 40 4:
10 Consolidated, lim.
50 Delhi and Loudon, lint
50 East Loudon, lim 5 11 0 /
20 English and American, lim 10 ... ...
20 English Bank of Rio du Ja-
neiro. lim is ld pr
20 English, ; coltish, and Aus
tralian Chartered
281 Hong Bong and Shanghai
Husk Corporation all ... ...
281 Do new al :I i
100 Imperial, lim 2,t 17 18 18
20 Imperial Ottoman lO 11 11 11
-.5 lonian all 27 '29
25 Do new s pr 1p
20 Lind Mortgage of India, lint 4 31 31
100 Du sp. c. Debs.lB6l, 30 all 76 76 el
30 London Bank of Mexico - _ _

and South America, liui. 20 9 7
100 London and Brazilian, lim. 45 31 32
20 Du new 71 61 51
100 London &River Plate, Bin, 40 7 9
25 Do new 10 11 11
20 London Chart. of Australia all 221 231
50 London and County 2O 50 51 53
20 Do new iss at 20 pm,l6 pd ll ••• •••
50 Loudon Joint Stock 1 65 26
20 London and South African al 1 • 12
100 London & S.-Western, liw, 20 .•• •••
50 London & Venezuela, 121 •••
100 London and Westminster. 29 65., 67 64 44
100 Do Scrip, iss at 10 pm 29 621 631
100 Merchant, lim 25 7 5
10 Metropolitan, lim all 161
100 Midland, lim. 29 id pr
5 National of Australia
25 National of Liverpool, lim. 15 3 1 d
100 National Provinc. of Eng'd 42 ..• "•
10 Do
50 National.. SO 54 64
20 New South Wales all 42 46
20 North-Western 74
25 Oriental Bank Corporation all 421 481
50 Provinc. Bank. Corpo., line le 6 61
100 Provincial of Ireland 25 31 93
10 Do new.. all
100 stand. of Brit. S. Africa, him 25 14 12
100 Do issued at 6 pm. 10 ..„
25 Union of Australia all 48 49
100 Union of Ireland, lim
60 Union of London

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26 28
78 76 771
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131 14
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81 20
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104 108
104 105 k
103 k 1041
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19 21 20
93 98
192 107

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131 123 d
88 89 901 f
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238 213
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31 21d
12 121 121
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19 20
141 16
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30 32
49 81 501
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27 30p
181 191
85 6
17 18
231 241
44 46
107 112
7 6d
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351 361
92 97
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dint' eiratlat

HER MAJESTY.

OSBORNE, Jan. 7.
The Queen, attended by Lady Churchill, drove
out yesterday afternoon.

Her Majesty walked and drove in the grounds
this morning, accompanied by Princess Beatrice.
Prince Leopold also went out.
The Archbishop of Canterbury did homage yes-
terday, and afterwards resigned his appointment as
Dean of the Chapel Royal.

The Archbishop of Canterbury 'and Mrs. Tait,
the Right lion. Henry Bruce, and thu Dean of
Westrn;nster, had the honour of dining with the
Queen an-1 the Royal Fau-aly yeateriay.

THE PROSECUTION OF 211 E DIRECTORS
OF 0 EREN D, GURNEY, AND COMPANY
(1.13117 ILD).

THIS DAY.

The further hea►ing of this extraordinary case
was resumed this morning before the Lord Mayor
and Alderman Gabriel, in the Court of Queen's
Bench, Guildhall.

Mr. Howell, the accountant, was further exa-
mined with a view to show that after the transfer of
the business to the limited company all monies paid
into the bank by defendants were drawn out
on the day following, or nearly so, with the
exception of a sum of £150,000 on the
part of the Norwich Bank. The witness gave
a variety of entries in the nine months of the
existence of the limited company, each of which
were for monies received from the Messrs. Gurney,
and on the other side of the book were repayments
in very large sums to persons on account of the
indebtedness of the old firm. One item will serve
as au illustration. On the 27th of February H.
Gurney had in £lO,OOO, 11. E. Gurney £20,000,
and on the 26th £50,000 was paid to the Bank of
London, which was the amount of a guarantee
by the old firm. On the Ist of March S.
Gurney paid in £6,000, D. Gurney £lO,OOO, and
11. Birkbeck £4,000, making exactly the £50,000.
There was also a payment to the Agra Bank some
time afterwards for £50,000, but that also was a
guarantee of the old firm.
. .

Mr. Lewis—And had nothing to do with the
liabilities of the limited company ?
Witness—No ; not as appears by the books.
Mr. Lewis—lt was, in fact, Messrs. Overend,
Gurney, and Co. paying their own liabilities.
Mr. Giffard objected to such observations being
made whilst the witness was under examination.

Mr. Sergeant Sleigh said some of the items that
had been referred to by the witness had been paid
as calls on shares.

Mr. Lewis said that was so, but he should like
to know where were the shares.
Mr. Sergeant Sleigh replied that would appear
presently._ _

The witness having gone through the whole of
the transactions of the old firm after the transfer
until the stoppage, Mr. Lewis asked what was
the amount that the new company had benefited
by the subscription of the old firm, to which
he replied £85,000. The liabilities of the limited
company after the transfer amounted to £15,000,000,
but there were other liabilities of Ovcrend, Gurney,
and Co., for bills re-discounted to the amount of
£9,841,440. The entries in the " bills or hand
book" gave the particulars of that total. On the
30th of July, 1865, the total amount of bills in,
out and in hand, as appeared by the book
kept for such entries, was £19,100,680. The
total amount of bills lodged as security,
as appeared by the books of the limited
company, amounted to £8,507,000, deducting that
and the bills in hand, which amount to £1,345,135 ;
the total amount of bills rediscounted and payable
amounted to £9,348,494 ; but there were other
entries which had to be deducted, which made the
total liabilities for bills discounted amount to
£7,177,280.

Mr. Lewis—Does it appear in any book in any
form that that liability of £7,177,280 was taken
over by the limited company?
Witners—lt does not.
Mr. Lewis—Was there any assets except the
£126,000 cash taken over to meet that liability ?
Witness—lt does not so appear.

Mr. Lewis—What was the pecuniary interest
the old firm held in the new company after the
transfer ?

Witness—l can find none, unless it is their oyer-
drawn account of £2,970,000.

Mr. Lewis—Had their account been overdrawn
to that amount at the time of the stoppage ?
Witness —Yes.

Mr. Lewis—By the prospectus of the new com-
pany it was set out that the old firm would retain
a large pecuniary interest in the new company.
Can you say what that pecuniary interest was ?
Witness—No, without it was their over-drawn
account (Laughter.)

Mr. Lewis—What is the total amount of liabili-
ties of the old firm on account of guarantee at the
date of the transfer ?

Witness—l can't exactly say, because they are
not all entered in the book before me. I have
found references to other guarantees in the letter
books.

Mr. Lewis—ls there any leaves torn out of that
book ?

Witness--No, not from this.
Mr. Lewis—From any other then ?
Witness—Yes ; there are other books from which
a great many leaves have been torn out.
The witness then proceeded to read various
entries in the book before him relative to the
guarantees, which amounted in the gross
to about £1,000,000, which did not in way
appear in the £15,000,000 of liabilities
transferred to the limited company. In a book
marked "private" witness said he found particulars
relative to a guarantee of £150,000 on page 206, and
then pages 207 to 235 were wanting.

Mr. Lewis then asked the witness if he could tell
the amount of deposit each of the defendants held
at the time of the stoppage of the limited company
on the 10th of May, 1866.

Witness—Mr. J. 11. Gurney drew out on the 2d
of April £33,026, which balanced his account, so
he had nothing. Mr. H. S. Gurney had £69.
There was a joint account of 11. E. Gurney and J.
H. Barclay for £29. Mr. R. Birkbeck had nothing,
but Mrs. R. Birkbeck, on the 12th March, drew out
£Bl2, and Mr. 11. Barclay had £lO 4s. 4d.

Mr. Lewis—What was the liabilities of the old
firm at the date of the stoppage?
Witness—Over £2,000,000, giving them credit
for everything.

Mr. Lewis—Does the books show whether the
old firm ever paid a farthing on the shares in the
new company allotted them ?
Witness—No ; they do not.

At the end of Mr. Howell's examination the emir
adjourned.

MARKET S-2 H 1.5 DAY.