The Sun.
London, England, 1866-05-28 00:00:00

The Consolidated Bank (Limited).

At a late hour last night (Sunday) we received
the following communication :

The Consolidated Bank (Limited), No. 7,
Fenchurch-street, London,

Bank The hwe(i
(Limited),
undersigned nm di et re s
their
ii
)g:o
notue de
a directorsgu es ,
having
hahy' ofea:adyt a
time2k the7e 1
08tConsolidated
69themselves P.M.I
communi-
catejtashet garnavde
hroenspoournasibblileitcyouorfse closingund itt,hase
rtohlleowoinn. only
e r
circumstances :
In their recent arrangement with the Bank of London,
the directors determined from the first to undertake no
liabilities on behalf of that bank except such as were fully
oovered by available assets placed in their hands ; but they
have since found that serious errors existed in the list of
assets submitted to them, in consequence of which they
felt compelled yesterday evening to give notice to the
Bank of London that they no longer held themselves
bound by the arrangement. At the same time a suit was
commenced in Chancery to have it declared that the
arrangement involved an undue preference of certain
classes of the creditors of the Bank of London, and an
interim order was made by the Court on that principle,
notwithstanding that the undersigned had been advised by
two eminent counsel that the arrangement was not open
to such objection. The difficulties arising out of this state
of things, combined with what had already been done under
the arrangement, have occupied the earnest attention of the
undersigned during the whole of to-day, and they have
been led to the painful conclusion that it would not be
possible longer to conduct the business of the Consolidated
Bank in the face of those difficulties without contracting
further engagements to an extent which would have com-
promised the interests of their own customers and share-
holders.

The undersigned have the satisfaction of stating that
they have ample assets of the Bank of London available
to meet all obligations actually incurred by this bank under
the recent arrangement. Apart from that arrangement the
Consolidated Bank was financially so strong that no dif-
ficulty would have been experienced in conducting its ope-
rations, and the directors have now in their hands the
whole of the assets of this bank in an almost immediately
available form.

JOHN PEMBERTON HEYWOOD
hurt P. KENNARD.
THOMAS A. lIANKEY.
FREDERICK A. lIANKEY.
ADAM S. KENNARD.
THOMAS FAUU3AIRN.
AUGUSTUS HENRY NOVELL'.
WILLIAM SMITH.

Foreign Nail Packet List.

MAILS DUE.

Australia
and low zeidand, via Southampton June 19
British packet ...... June 4.
Awl June 13.
Brazil and Cape
Ceylon,
via
so
iii May 29.
DDDiiitttto,to,tlibvijargarsr3fenarcehillepileaol.esk.e.i.
.......... .. ......................... 2:3...
inrn:ll:it:tiMvuhitaatysiiarvaianadeSill:ettestyh,
vatniaPs. .................
prang, and Singapore, via Southampton J e a
FalklandC e of
a::: .e: ..A . ...... ............ •11.
.n.d. ::: H.. :Ie:
China, e Verde, by
ton. .. - • May
28.
. ... . ...
.IjJtait I itu nn eee 2,
eldneens ... ........
u1h....mp......ti0..n....
.................... 29.
29.
Gibraltar, via Southampton .........
11 araPton
t)g.toy7vtillaanariarseilles .
Mauritius, viam50arut5heramep,,t.0n“..............................
MalptaiD,ltE:
Ditto, by privatelsihip
Ditto, via
. t'o• .
Lisbon..
.. .......
............... June 7.
............ J u Juneu
e 2138.
Newfoundland
Ditto, by Uni
Portugal ... .......................... . , June 7-
United states and British North America, 1;5:B.:I
...........
:June 4.
..............
Ditto, Via Cored States
Bri-
tish Packet
May 31,
packet, via Southamp-
ton.......... Ditto, by Canadian packet, vig Londonderry ..June 1.
West Coast of Africa, Madeira, and Teneriffe ....June 10.
West Indies and Pacific (except Bahamas and
Honduras)

3lay 29.

SHIPPING INTELLIGENCE. Ths Day.

(BY TELBGRAPII.)

DEAL, Monday Morning.
Passed, May 27—Coquetta, from St. Lucia, for London ,
Citizen, from London, for Bordeaux.
May 28—Cato, brig, from the north, for the west;
Princes Albert, from Sunderland, for Lisbon ; Anna, for
Bahia; Victory and Island Maid, for Cardiff ; Wave Queen,
for Welcome, for Halifax—all from London.
ai amminuir, for Shanghai; Merle, for Dauiniva ;
wisthJainedthatt
others for
for the west.