The Sun.
London, England, 1858-05-03 00:00:00

SC RAW FLINGS.

CHIMER Cur.—The folio wing have paid forfeit :
The Brewer, Worcester, Brunswick, 011 English Gal-
tleman, Good Friday, Zigzag, St. Giles, El Hakim, and
Blink Bonny.
OAI Trick, Honqtree, Leamington, and Red Eagle,
are struck out of al; t ieir Chester engagements.

THE NORTHUMBERLAND AND DURHAM

DISTRICT BANKING COMPANY.

On S turday a very numerous meeting in this
mat er was held before Vice-Chancellor Kindersley,
at his chambers, in Stone-buildings, Lineolies,inn-
fields, to consider the appointment of official liqui-
dat.rs or official managers, to investigate and wind-
up the :,if ties of t'ars bank, which lately failed, with
halailit. et; am tutting to 2,300,0001. The proceed-
intrs occupied fro:n three until nearly seven o'clock,
and the f llowwg counsel and solicitors appeared
for the candidates proposed :—Mr. Lewis, Mr.
G•ff4t•d, Mr. Cole, Mr. Roxburgh, and Mr. Hethe-
ril.gton, of the Chancery bar ; Messrs. Sharpe,
Field, and Jacl;son ; Messrs. Freshfield, Messrs.
Galsworthy, Mess's. Lewis and Harrison, Messrs.
Amory, Travers, and Smith, Messrs. Bell and
Broderick, Messrs. Slum and Crossman, Messrs.
Argles, MeFsts. "%turnip, and Messrs. Tucker and
Greville, solicitors on behalf of various shareholders
and creditors. There were five propositions before
the Vice Chancellor, and their relative eligibility
to fill the appointment was fully argued pro and
con, by compel. Messrs. Elliot, Bainbridge, and
Fairs, who bad been appointed interim liquidators
by the Court of Chancery, were proposed as per-
manent officad managers, in conjunction with Mr.
Coleman, the accountant.
Mr. Lewis and. Mr. Roxburgh objected, on behalf
of shareholders and creditors, to the appointment
(f these gentlemen, and more particularly to Mr.
Faits, who, being a shareholder, ought not to hold
the position of official liquidator of the company's
affairs ; and, further, upon the ground that he
was one of the committee of the bank, and whose
conduct woeld have to be called in question for
having, contrary to the facts, represented to the
shareholders that there wculd be a surplus of
46,0001. after discharging all the liabilities of the
lo,nk. There was an object en also to Mr. Cole-
man being appointed in conjunction with these
gentlemen, i:nolnuch as he • had already been em-
ploy ed lo repo; t on the state of the bank's affairs,
and bet use he was accountant to the Bank of El g-
land, who were considerable creditors. As re-
garded the appointment of the three liquidators, it
might further become a question whether the pro-
ceedings they had already taken were such as the
Court ought to Pdopt. The Newcastle and other
shareholders whom he and Mr. Lewis represented
to a large extent, objected to the continuance in
office of these gentlemen, of whose proceedings
since they had been appointed they knew nothing.
they dcsirrd the appointment of a perfectly inde-
pendent party, totally unconnected wi lithe bank,
and with that view they proposed Mr. Harding,
who had been appointed by the Court of Chancery
in winding up the Marylebone, Royal British, and
other banks, and who was not second to Mr. Cole-
man in financial ability and experience in the wind.
ins-up and management of joint-stock companies.
It was proposed to associate with Mr. Harding
Mr. Bteckl•-y, and one of the late liqu'dators.
Several of the 'lan holders who had signed the
proposition in favour of the appointment of the
liquidators were either large creditors or debtors
of the bank, and consequently stood in an in-
terested position, and the Bank of England and
Scot land, who also supported them, were creditors
respectively to the extent of 150,0001. or 170,0001.
Mr. GiffArd, Mr. Freshfield, and Mr. Field,
supported the appointment of Messrs. Elliot,
Bainbridge, and Fairs, with Mr. Coleman. They
were not aware that the Bank of England were
creditors fully secured, or that Mr. Coleman was
their official accountant. These gentlemen had for
six months been engaged on the books, and knew
the state of the affairs. The creditors supporting
the appointment of Messrs. Elliot, Bainbridge, and.
Fairs, in conjunction with Mr. Coleman repre-
sented 937,0001. The creditors supporting the ap-
pointment of Mr. Harding represented 86,8851.
Messrs. Harding and Wilson submitted a resolution
of creditors in Sunderland representing 423,4121.
as a vote on their behalf, but the creditors who had
individually signed for the purpose amounted to
55,0821. The per-tentage of those shares that had
paid the last call voting for the liquidators, was 53
per cent., and for Messrs. Harding and Bleckley 22

per cent.
Messrs. Murray and Itymer supported the three
liquidators with Messrs. Milner, Cookson, and
others, representing creditors and shareholders.
Three other gentlemen, Mr. W. Brown, Mr. .T.
H. Jay, and Mr. T. Gray, having also been pro-
posed to fill the appointment,
The Vice Chancellor inquired whether the liqui
dat, ‘re had received any assets ?
Mr. Elliot—Yes, a considerable amount.
The Vice Chancellor—Where are they
Mr.' Eliot—They are lodged in the Bank of
England.
Ttte Vice Chancellor—Are there any assets in the
hands of the liquidators themselves
paid
Mr. Elliot—None whatever. The money is
into the Bank as it is received.
The Vice Chancellor said he would take time to
consider his decisit n,intimating that whoever he
might determine on appointing would be a person
who should represent the interest of all parties in-
d:scriteinately.

sAosED HARMONIC SOCIETY, EXETER-HALL..—On
wednepday ntxt, May 5, Mendelssohn's "Athens" and
Rossibes "Stabat Mater" will be given. Vocalists—.
;Madame Clara Novel.° (being her first appearance this
season), Mi-s Dolby, Mr. Sims Reeves, and Mr. Weiss.
CREMORNE GARDENS.—The season at this favourite
place of resort will commence this day (Monday), with
increased attractions and completely renovated grounds.
Among other novelties there will be a fine dioramic view
consisting of sixteen sketches of India, and illustrations
of its cities, its palaces, and its people. Preparations
are no going on for holding the grand show of Ameri-
can plants of Messrs. Waterer and Godfrey in these gar-
dens, and many of the plants have already arrived and
occupy their places under the spacious tent previous to
their flowering. The ground has been newly laid out,
and groups of figures representing Havelock and the
heroes of India occupy various commanding positions.
The arrangements fi r the music and the ballet will be as
attractive as in former seasons.
ERRATUM In the report of the Rev. Mr. Aspinall'e
lecture, given in our Friday's impression, the name of
the vicar of Rampton should have the Rev.. Mr. Win•
tour, nut Wir,terton.
TmnE,rnipctrirsilSal.
aI
iSe.d—fOr
onmgaLtiUvredrapyo
opte
rC.I4Tu nuawrd
ymoarikl s.
st.Aa
sbo took out 106 passengers,
but no specie.
GBAY'S-INS-ROAD.—The
number of patients relieved at this hospital during the
ROYAL FREE HOSPITAL,
week ending May 1, is 2,204 of which 744 were new
cases