IRELAND.
The Master of the Rolls pronounced judgment on Monday in the appeals of Mr. Vincent Scully M.P. and Mr. Wilson Kennedy—who was manager of a branch—against the ruling of Master Murphy by which they were placed on the list of contributoncs to the Tipperary Bank. The Master of the Rolls confirmed the decision of Master Murphy in each case. Mr. Scully was really a shareholder ; Mr. Keatinge, to whom he had provision- ally transferred his shares to be paid for in 1857, being in fact a trustee for Mr. Scully ; Mr. Scully had received dividends on the shares. He acquitted Mr. Scully of "all participation in the gross and abominable frauds that had been committed." As to Mr. Kennedy, "there was no one eon- nected with the bank more culpable than Mr. Kennedy, as he knew the position of its affairs, and concealed them from Mr. Vlii- cent Scully and others, who were anxious to have them settled." Ken- nedy knew that John Sadleir had improperly drawn 140,000/. from the bank ; if he had informed Mr. Scully, Sadleir might have been stopped, and the bank saved. Even when Itennedy became "troublesome " to Sadleir, he was silenced by being bought out, by an informal transfer of shares, by which Kennedy was to get 0001.; thus Sadleir was enabled to go on drawing money from the bank, till he had taken 285,000/., and then came the crash. There was not a creditor or shareholder but had reason to complain of Kennedy as having been guilty of the grossest breach of trust. The Master of the Rolls mentioned, that of the so-called "assets" of the bank, 612,0001., not more than 40,000/. or 60,000/. would be realized.
In consequence of an affidavit by the official manager, Master Murphy has ordered the payment of a dividend of 21. in the pound to the creditors of the Tipperary Bank who have made out their claims. These admitted claims amount to 240,3791.; the official manager has 26,000/.,in hand.
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