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THE WORCESTER AND HEREFORD…

TESTS FOR PARLIAMENTARY CANDIDATES.

LOCAL INTELLIGENCE.

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ARCHID1ACONAL VISITATION.

THE 48TII REGIMENT.

- BRISTOL BANKRUPTCY COURT.

MONMOUTH AND GLAMORGAN BANK.

Newyddion
Dyfynnu
Rhannu

MONMOUTH AND GLAMORGAN BANK. In addition to the important communication on the above subject, which appears in another column, we have the follow- ing authentic abstract of proceedings at the Master's office, on Tuesday last: — The official managers appeared before Master Farrer, at his office, in Southampton Buildings, to support the proposal of a call of LGO per share, upon the shareholders in this unfortunate concern. It was stated that this amount of call is absolutely necessary to meet the liabilities of the Bank,- that many of the shareholders have already voluntarily con- tributed to that amount, and some of them to the extent of £100 per share, and will consequently be exempt from the present call; and that, in all cases of contribution, credit will be given for the sums subscribed, and reasonable indulgence afforded for the payment of the balance; but that all share- holders who have NOT subscribed, will be immediately liable to. the full amount of LCO per share. A large number of solicitors appeared for various share- holders in opposition to the call, but, after canvassing the allegations of the official managers, and hearing the explana- tions given by those gentlemen, the opposition was generally withdrawn. The most active opponent was authorised by the Master to investigate the accounts in a conference with the official managers, and apply again to the Court, if he should consider it necessary to do so the result was, that he addressed a letter t04;be Master, expressing his satisfaction, and approving of the call. The call is now confirmed and the peremptory order will be forthwith issued: the shareholders are thus enabled to understand their actual position; and there can be no doubt that everything will be done by the official managers, under the sanction of the Master in Chancery, to make the payment as easy as possible, where circumstances demand a lenient application of the very summary powers of the winding-up act. No favour can be shown to parties who attempt to evade their fair share of the liabilities but honest men, who come forward to do all that lies in their power, will be entitled to every reasonable consideration and protection.

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