The Express.
London, England, 1852-08-06 00:00:00

COUNT D'ORSAY.

That Count D'Orsay was born at Paris precisely
at the opening alba premat watery, would appear from
the fact of Lord Byron's expressing his astonishment at the
precocity exhibited in a certain MS. diary, from the
Count's pen, perused by his lordship at Genoa (April 6,
18231:

" The most singular thing is how be should have pene-
trated, not the fact, but the mystery of the English critics
at 22. I was about the mite age when I made the same
discovery, in almost precisely the aanae akeles."
In his 20th year ho had already relinquished the pities
of London and entered the French service ; for it was while
quiricred at Valente, on the Rhone, November 15,1822, that
an occurrence took place which changed his whole destiny.
The reader of Lady Blessington's " Idler in Italy," will
look in vain for any notice of her ant metal reneontre
with Lieutenant D'Ormy at Valence though she does re-
mark that singular coincidence, "Napoleon, when lieu-
tenant. was quartered in this town." The regimental mess
happened to be established in the hotel where Lord Bless-
ington alighted on his way to Italy, down the Rhone, and
a chance acquaintanceship having ripened into intimacy, at
his lordship's invitation the count joined them in their trip
southwards. The regtaint was just then under orders to
march with the Duo Z•_—y-- across the Pyrenees, and
the young French anew Iliad to aspect the sarcasms of the
uninitiated as to his motives for quitting the service at that
particular juncture.
Vie arrival of this strangely constituted travelling party
at Genoa is thus chronicled by Byron :—" Milord Bina-
ington and epouse, travelling with a veryho handsome coom-
anion in the hape of a French Com w has ate uir
f • Copula s s dor/taint, and one of the ideal few ellspecimensme
I have seen of a Frenchman before the revolution. Con-
cerning the Earl of Blemington, his individuality may be
well conjectured, but we aro not left to our owe surmises
as to the sort of man he must have been. Byron adds :
" Mountjoy (fur the Gardinen are the lineal race of the
famous Irish viceroy of that ilk) seems very goodnatured,
but is much tamed since I recollect him in all the glory of
grip and suuff-boles, and uniforms and theatrical., sitting
to Stn.lling, the paiater, to ba depicted as sae of the heroes
of Agincourt.
It was dually arranged that D'Orsay was to be a allure
in the family, by becoming the husband of the lion. Her
rust Gardiner, his lordship's daughter by kis first wife.
This young and beautiful person was summoned accordingly
from school, and forthwith married to the count at Genoa,
in obedience to her father's mandate. The tale of Iphi.
I genie is sometimes combined in modern life with other not
hie painful narratives of classic destiny. Lord Blemington
died at Paris in 1827, and the title became extinct. Ilia
countess beanie a star in the literary firmament of Eng-
land, and Count D'Orsay resumed in London the career of
sportsman, exquisite, artist, and general arbiter elogantia-
runs, as all the world knows.
lie spent his last yen in erecting, on a green eminence
in the village of Chambourey beyond St. Germain-en-laye,
where the rustic churchyard joins the estate of the Grum-
mont family, a marble pyramid. In the sepulchral cham-
ber there is a atone sarcophagus on either side, each sur-
mounted by i. white marble tablet; that to the left inclines
the remains of Lady Blessington ; that to the right was
"untenanted" at the time when Isabella Romer described
the mausoleum in Bentley's lliteelkasy, May 1, 1150.
Since then the fair hand that wrote the account of that
tomb is itself cold in the grave, and the " tenant " is tow
forthcoming for his self-appointed home. " Implore pace."
—Globe.

MUSIC.
NORWICH MUSICAL FESTIVAL.
We have just received a programme of the ar•
rangements of this festival, which will take place on
the 2lit, 22nd, 23rd, and 24th of September next.
On Wednesday morning, the 22nd, the performances
will consist of a Festival-Anthem by Henry Leslie,
and a new oratorio, called " Israel Restored, by W.
It. Bextleld, Mus.D. On Thursday morning, a new
oratorio, " Jerusalem," by H. H. Pierson. And on
Friday morning the " Messiah." On the evenings of
the 21st, 22nd, and 23rd, there will be grand mis-
cellaneous concerts, including selections from the
works of Mozart, Haydn, Weber, Beethoven, Spahr,
and !other eminent composers, with Mendelssohn's
music to "The Midsummer Night's Dream," and
Mrs. Fanny Reinble's reading. Tho principal
singers engaged are Madame Viardot Garcia, Madame
Fiorentini, Miss Louisa Pyne, Miss Dolby, Miss
Alleyne, Signor Gardoni, Mr. Sims Reeves, Mr.
Lockey, Signor Belletti, Mr. Weiss, and Herr
Formes. The conductor is Mr. Benedict; and the
entire band, vocal and instrumental, will consist of
four hundred performers. On Friday evening there
will be a dress ball, for which Labitiky's celebrated
band is engaged. All the performances will take
place in St. Andrew's-hall.

HER MAJESTY'S THEATRE.
The perfonneilee, on oar morsel stage, of an
masa frem themcm: • sovereign prises is as ineurreses,
ure Wen. t. Sea an amenuese
happened last sight, =is. Casildas peal sauian'
opera it four sots, composed by his Royal Nigher' the
Duke of Sass Coburg and Gotha, was repreesaiel at her
Majesty's Theatre ter the gist the. In Clermay nimbi
has at all time bees ankteastl, even by antis said film
trims masks, with ea ammiesss gamete Minsk has
frequently gives am rank is the headset of mut ; while in
sorosistry, inch yemena, it lee Mieerobis beyond
*Myst west.
Melia" Y est. strictly washing, new emus. Ori-
els Maltase it has bum per-
at e.ug=, lad rim plash ; bet it has
now, we believe, areamil kir the test time en Whim dress.
Asa drama we manse Sling It milk pries. It is made up
of very audiamy ammisib, dimly sod sishisilly put
Mather ; lad whelever iseaseme sgkk the language
my have ia the Meisel Ommen, very little of either ie to
be fmed in the Mid and hetes Italian version.
The ark of a Omilds," is est without omit It is erode
sad ealekhell; Mew* • hamiedge of the rules of empa-
thise. het • deisisesy of that skill in the is.
et thset which Is the experienced and me-
lba artist. The aims ham sometimes pleasing phrases,
bet they ere destitute of seveky, sad of any distinct and
individual style. The scemerted pieces are sometimes well
conceived, but want fern and and their leading
idles are tot avtistioally worked out. , the aceorapeni.
mote ImedbarileMi are oceuionally produced by the
nee of instruasets ; but the instrumenta-
tion is tea its usurping fulnee, and the
inessant umaniag of the basso Themare the prevailing
inspeassiese Midi this mak Ms left upon our mind ; but
we hued la it magthrg
The 'pea was gel up sad excallently per-
ihemed. IMMO awed the met of the gipey girl
with great In erg peaks; Madame de la 0 as
Demo Aim% anag wens her meal hrillimsy; sad
Timel. seel Smial, did may Jesthe le *hues:isle
lies esesery, and evesytkies is
spelaste—sestamas, demesne's, te.—was riskis
mei aim

CLERICAL.

Rm. William Colborne to—AiUgh Vicarage, dimes
Cork ; patron, Bishop of Cork.
Rev. W. Y. Crostliwaite, to the Prebend of Dromda.
I league ; patron, Bishop of Cork.
Rev. James )(array Dixon, N.A., Edmond Rail, Ox-
ford, to Holy Trinity RaMmy, Bath ; mine, 3601. ; patron,
Rev. Dr. Hit.
Rev. James Fake, to Dorres-Kiloroltame Rectory, dio-
cese Cork ; patios, Bishop of Cork.
Rev. Charles Bt. Denys Noma, to Little Brenda* Curacy,
Norfolk.

--kay.lldwarii Spring, to Haim to. Clow Vicarage, die-
m' Row; patron, Sop of Cork.
In. Georg* Branham, to Christ Church Curacy, Lei-
asular. _ _

RoM. James Whits, to Maley Rectory, Norfolk; value,
siu.; patron, B. Cabin, Esq.
Rev. T. Wilkinson (Viesiz of Stanwin, Cumberland), to
M her Majesty's Inspector of Episcopal Schools b Boot.
Mod.

15.,,., the 14 1 1.743 1 6 4,143 1 1
The low rates at width the teethe is necessarily serried,
while espethile the emnpetitien of the London and North
Waters Company the your Med trafilc, will ansoust for
the high pr Y. the empeeditare eseitimme to bear,
and for the net reed., net beiell_peabie than
2,0601. se. 5.L The endthet with Name. John-
son and Kinder for feticide(' the Mos and repairing
the rolling stock has been alissedithil mniiisd so as to Maas
ROYAL MATERNITY CHARlTY.—Yesterday after- it much rnorimrldijoin boos sod to cowed the
Mon the half-yearly gement amass a the 'oversees of Kromer part of the ema)seirred he deterieratiee; by which
this shanty was bold at the Leedom Tavern; Mr. Needs in 3,12P1. 9e. 114. is bee did bask te reams. easeset. It
the chair. :Net dated that therreathe with a Tote will be seen that ben is thus a sera of 16,4681. 13s. 6d.
et the last
ved=6lllo ee the lolditlai disposable for dividend, of which 6,33111. I. 6d. will be
Mears had Per required for the payment of dividend on the preference
amens iaMmil of INK, and tVaissere==.• ire. re- shame—via., 71 6d. per share; of whisk b. is the balance
OM sialuissase die mid, *Ale ar- of receipts for 1861, and 4s. 6d. the set reesipts of the past
haled, the esethlithes bed then ammo to Is.. IsM ad- half year. The balance will be eaelleable to the Stour
Mateo' *heft It hefts dead that De. Itamehettose V y dividend. for the last firw-locif.yrwr. which are
rid/ sumpeareansiesale bed reeldned their ether; that now due to class A sharehoideser mad will attach to the
the pallionef the realrepelis with el be Thelma within guaranteed portion of their sleek. Too diresten reeom-
tho 31the en*. bed hos ollredlathlll lath 050 mend that the payit of this Mime be deemed for the
tad red 11•INFFilr glider the 'are Dr. present. Your directors look foe a leaelderable 'reale in, as me physicum bad replied to the &dyer- the goods traffic, as soon as thereaubbe assamedstion
dements of the emthaittos ; that be gamin for lite can be furnished at Wolverhampton sad Illiksahsed.
half- year woos hsbo this away amber, and that the The Shrewsbury and Chester Company are
midwives-311 mrethse—lind leen se easeful and atten- make the junction with the Bridgewater Qamsl led the
nee, that there bed ant besa a deals complaint of them. lewd! at Norton and Walton, which la isatherised by their
The bantam In hand eseeests to 11141. b. 3d. A feeling of act of last session ; and whoa sempithol, thew
dianatiafeetion at the redissties of the neediest salaries, gars ten anticipate important advantages to yaw hem the
rise to two or three very iiisegoemble MOM. The proceed- agreement with the Duke of Bridgewater's tension, which
kg* terminated with a vote *Menlo to W chairmaL received your approval at the special meeting of the 301 of
ZOOLOGICAL SocIETT or LONDON.—At a monthly June last. Your directors nrret that the delay_is the law
meeting, held yesterday, at the society's house in emerts—ehielly promoted by the London and North Wee-
r :leiVer-sqiuire W. J. Brodenp, Esq., vice-president, in Mrs Compaq—has postponed the decision which they est
he chair, the Rev. John Harris, D.D. and Mew". W. H. idea expect will put a stop to the competition which that
Gregory, J. It. Coleman, W. it•C4nsick, and J. Booed company is carrying on for your beat teethe. The con-
temn elected fellows ; and desert J. 11. W. Schroder, E. tinuence of this unjust competition. together with the bat
,T. Lodge, and James Alexander were proposed as cendi- pediments to a speedy development of your traffic, and the
dates for the fellowship. The report of the council stated absence hitherto of the through traffic., which your alliance
that the sew building for the chimpansees is now open to with the Great Western must secure, combine to keep your
visitor., as well as that which has been fitted up for the receipts low; but your directors are still confident that the
pythons, and in which these large serpent' display them- trade over your railway will ultimately justify those who
selves in the most perfect manner. The principal dons- agreed to, or who may still prefer, an amalgamation with
tione received during the month of July were presented by I the Great Western Company, upon the basis of your own
her Majesty the Queen, the Viceroy of Egypt, and the earnings. Meson. Gooch, Knox and Bennett rout of
lion. C. A. Murray. office at the present meeting ; but are eligible for melee-

RAILWAY MEETINGS.
SHREWSBURY AND BIRMINGHAM
RAILWAY.

The balf-yearly meeting of this company was held
at the Monthly-'
noon at Wolvethampton, yesterday,.
Hansa HILL, Egg. the deputy-chairman, presided. In
consequence of the disputer' which have so .sing agitated
this company, the Great Western and the Loudon and
North Western, the 'accidence of shareholders was
very large.
The report stated that "the Shrewsbury and Bit,
mittens bill was passed unanimously by committees of
both Mouses of railiament, and received the royal assent
on the let of July. The dames to empower the openingl
of the Stour Valley line were withdrawn In the Lords, that
long delayed event having been previously promised by the
chairman of the London and North Western Company,
upon an urgent remonstrance from the inhabitants and
tradesmen of Wolverhampton and the di trict. Your
directors succee.:ed, after a sever* contest, in obtaining
powers to Yee the new station at Birmingham,
the value of which, when your traffic shall pan
over the Stour Valley hoe, must be obvinu,. The
other provisions of the act refer to internal arrange-
ments, such as the consolidation of the ordinary share capi-
tal Into stock, whir I is being carried into effect; and the
payment of the preference dividend, which is now clearly
limited to the receipts of the current year, and for which
warrants are bring prepared. The two amalgamation bills
—that of tbe Shrewsbury and Birmingham and the Shrews-
bury and Chester Companies with each other, and that of
these companies with the Great Western—were unauimously
passed by a committee of the Rouse of Commons, but they
could not be proceeded with in the Lords, although sanc-
tioned by large majorities of the shareholder* as they were
Insufficient to comply with the Wharncliffe blending
Order. For the like reason the two Shrewsbury Com-
panies had to withdraw from being parties to the Traffic
Arrangements Bill with the Great Western Company.
Your directors a innot believe that a bill—such as the smal-
gamation with the Shrewsbury end Chester Company, in-
tended to enure the greater economy of working both lines
—was defeated by the opposition of bona fids shareholders.
They expect, however, to be ablate, make such arrangements
under the traffic agreement with that company, as will to
some extent, secure so de.irable an object. By the agree-
ment of May 8, 1861, your directors are bound to proceed
in the neat and, if necessary, in the three following session.
of parliament, with the Amalgamation Bill with the Great
Western Company, which was lost in the last session. The
standing order of the Lords has been so far altered as to
require only the assent of proprietors holding three-fourths
of the capital represented at the special meeting, instead of
four-fifths of the votes of such proprietors. This alteration
would justify all parties proceeding in another session with
greater °ham of success; but your directors have not
failed, in conjunction with the Shrewsbury and Chester
been', to point out to the directors of the Or, at Western
Company that the removal of the contingency which, by
the existing agreement, attaches alike to the interim gua-
rantee, tfnd to the dividend at the period of amalgamation,
would more fully secure tne co-operation of the share-
holdersgenerally ; and they have the satisfaction of stating
that, without releasing the Shrewsbury companies in any
way from the existing engagerneuts between the associated
companies, the directors of the Great Western Company
are willing to recommend to their proprietors to secure to
each shareholder* of the Shrewsbury companies as may
now undertake to hold their shares and support the subsist-
ing agreements, the option of receiving, in lieu of the pro-
visions of the agreement of the Bth of May, such dividend
as will ammo thereby up to the Ist of July, 1863; and
from that period, • certain fixed dividend of 3 per cent. (or
three years withrhall of the surplus profits ; and there-
after of 31 per cent. in perpetuity, with also half
of the surplus profits. A deed has been proposed for
carrying out the several conditions which ore proposed to
attach to such fixed dividend, and any proprietor who may
wish to avail himself of the option, will have a limited time
for executing it. Your directors cannot but feel that so de-
cided an improvement upon existing arrangements—one
which must give a substantial value to your property, es
soon as parliament shall have sanctioned it—ought to be
satisfactory to the proprietors. A fixed annuity of 31 per
cent. payable by the Great Western Company, would of
itself be a valuable property ; but your directors attach no
inconsiderable value to the surplus earnings of your line
above that rite, when the traffic upon the continuous route
of the Oren Western and Shrewsbury lines, between
London and the north, is developed, and remunerative rates
for local es well as through traffic are agreed with the
London and North Western Company, which it will
assuredly be the interest of that company to establish. Some
of the shareholders have represented to your directors that
the Great Western Company should give an ultimate fixed
dividend of 4 per eent., with an optioa to that company to
purchase the ordinary stock of this company at
par; but your directors consider such an offer
to be decidedly inferior to the one that has
been made. Yost directors cannot, therefore, doubt
that the proprietors generally will avail themselves
of the option offered by the Great Western Company,
and that the bill will restive such support as to
ensure its becoming . an eat in the next session.
Attar the recent decline of the courts of law which have
frustrated every attempt on the part of railway companies
to come under substantial ingsgemente in the shape of gua-
rantees le ether empan el. until parliamentary sanction
has bum shinised, yea disease hel it to be no longer
eeel
to pert out to the elearnielders the illusive cha-
racter ears that ban blessed. by the Loudon and
North Western Company. remitiliesttes an senvinad that
it is the ineeneit of the preptisesse le linnets ia every pos-
sible way the alliance which lm has eases* ate with the
Great Westin Company. 1$ is he fay am& by which
this sempany an avoid • ley mew of litigation and dis
appintenent, and man a Viersedess a certain advantage,
ineepestively of any asessemsress d emaprideet which
bate been • @Meed appleiteenett M gara the ga-
piston. The retie arrorgarasols he hang\ bale will
be made in the meantime as la as main to eassmatedato
the public, and enlarge the receipts to the atimest Went.
The Stour Valley Railway was lamed (fee legal Baffle
only) on tie het of last month, under an errangsmea by
which the Lesion and North Western Company escapism
**hint anew. at Weiverbasegess, with a separate set of
111111.6•111; and drersee hone undertaken not to goer-
dee theepeeW wren troferved *pea this company, of
running sae the Stew Valley line, until they are esta-
blished by a wart of law. Your dreams have taken the
neamary rep to berg the triter oaten Is em ea deci-
sion. a the assamdme, the Leads& oati-
sion. North Western
Company odor eheirmetissi to the Imam which would
naturally pus over bah limes. The tine tables are sta
diously arranged for the starvation ref the lihropaire and
North Wales trade, eat the lire is allegethse limbos to
those residing la the 1151851 who with le peeled to Ltatila
or the south. Isdadr & amp be said mat no madam of
its own inesmtem ettheastromisaes Odle phi* isdeeemed
too great by the Leaden awl Nerds Weaken C=tlf
thereby the somigle et low
_sailway am be
Tits works es the llama and eat
the Birmiegham, Weimehemptom, and Dudley YAW
wage have, eines die lest half-yearly
boss mewled on with the Mosel deogata. The he=2
M smog for retie mat moth t hat the through raft
will oseessarily be featured with sem dretememes mall
oessitog ot the Ilksologlim. Weiverhamposs, and
psunTbis will net be available ter the
til the Chthrd, Worcester, and Wolver-
hemora (langur open the pardon at their line between
Prieriabis and Welvediamplem ; this they are bound to
to by doer act filer seedem, so he Ist of September, 1863,
wader the berry _wattles at 10,0001., asui 50W. for every
*mg It mars della after that period. Your low level
*at Nay will mho he made by that time, so as to complete
gid me m r della of communication of the Shrewsbury and broad
da
Ciartax.—The expenditure for the past half-year
nmemele Is 10,7161. 13s 6d. There will be a farther outlay
this half-year in the extension of the Victoria Basin at
Wolverhampton, and in additional waggon stock, required
for the increasiagmaineral and other traile transferred to
and Atom the Birmingham Canal ; also, in the construction
of the low level fork lane and of the Mashy Branch, the
land for which has been agreed for en advantageous terms.
RityzNUE.—The trade receipts show the following
comparison with the sorrespording pedal of last year;—
ftseemeem Owe° Torah
S. 41. S. el. S. a d.
Half.yeareonng SOth
Jane, 1131
lialt.rsar endieg 30th
Jane, 1832

VACANT.
Ilscronw.—Ball (and Vicarage), diocese Kil-
dare ; pogrom, the row. and Archbishop of Dublin alter-
nately ; ROT. Joseph Wilson, deceased.
Vtcanaon.—Stalbein, Norfolk, diocese Norwieb ; value,
1801. and residence; patron, Rev. B. Cabitt ; Ker. J.
White, prowled.

tion. Mr. Bate, one of tho auditor', also retires by
rotation."

The statement of accounts showed that up to June 30 the
total expenditure on capital account has been 1,395,2561.
3s. 7d. ; of which 1,316,4241. 17s. has been received on
shares, and the greater part of the remainder has been
raised by way of loan, amounting to 76,8101. The receipts
for the last Mafiosi, were 18,7711. 10e. 3d.; and the work-
ing expenses 16,7111.5 e. 4d.: leaving a balance to be carried
to dividend account of 2,0601. be. sd. The credit aide of the
dividend account contains the following items: " Balance
at credit of revenue account, June 30, 18.5/, 2,0601.6,. 6d. ;
balance remaining at credit of this account, Dec. 31, 1851,
6,6121 I3c. 6d.; Stour Valley estimated dividend to June
30, 184, 3,3641. le. Id.; proportion of reserve to meet de.
ter,eration of stock transferred to the credit of this account
under the modified contract with Messrs. Johnson and
Kinder, 6,1281. fie. I Id. : making a total of 17,1561. 9.. Ild."
The debtor side contains a charge for interest on deben-
tures amounting to 1,6874 3s. bd., leaving a sum to be
carried to the general balance sheet of 15,44314/. 134. 6d.
Out of this sum there is to be paid the two half years' divi-
dead on the preference shares, and • considerable sum is
owing to the class A shareholders for their proportion of
capital in the Stour Valley line.
TI e CIIAIRNIAN said that the report was so full that
further observations from him were unnecessary. Ile
therefore sinsoly formally moved the adoption of the report.
Mr. JOSEPH WALKER. seconded the motion.
After some discus4on,
Mr. ROYLE expressed an opinion that the Great
Western Company had not met the shareholders manfully-
in his opinion they ought to have made them as _toed an offer
as the London and North Western Company. With this feel-
ing he moved that the whole of the 6th paragraph in the
report, after the word " generally " be expunged,
and that the following be added to the motion
" for the adoption of the report." " That t
be an instruction to the directors, in their nego-
tiations with the Great Western Company, not to relin-
(push any of the profits of the Shrewsbury and Birmingham
Company up to 6 per cent., nor to consent to a fixed gua-
rantes of lea than 4 per cent. without profits." If (said
the hon. proprietor) the Great Western Company do not
cease forward in time and make a good offer, they will lose
the line. In his opinion, the Great Western Company had
hoaxed the shareholders; at the same time, he had no
hesitation is saying that the London and North Western
Company were "the most artful dodgers in the world."
(Roars of laughter.)
Mr. TURNER, of Madeley, seconded the amendment.
Mr. KNOX suggested that Mr. Hoyle should modify his
amendment, by simply moving that the report be approved
and adopted, with the exception of that part of it which
stated that the offer of the Great Western Company was
satisfactory.
Mr. MOYLE assented to the proposition.
Mr. ROY, of the Shrewsbury and Chester Company, in
the course of • long speech, recommended strongly the
alliance with the Great Western Company.
Mr. GEACII, M.P., again adverting to the subject of
competition, add that alter a time there would be no such
thing; it might go on for years, though it would be an un-
fortunate thing if it did, but in the end there must be an
arrangement.
The resolution adopting the report in the exceptional
form suggested by Mr. Hoyle was then put and unauimously
carried.

On the motion of Ald. ANDREWS, of Wolverhampton,
the meeting wu adjourned until the 20th of September,
at 1 o'clock, fur the purpose of receiving the report from
the directors of the result of their negotiations with the
Great Western Company, and for transacting such other
business as is left unfinished at this meeting.
Before the shareholders separated, Mr. It Scott reminded
the board of the shim the Class A shareholders had on the
surplus, but the consideration of this matter also steads ad-
journed.
The retiring directors and audit r were re-elected; and
three new directors were added to complete the number
entitled to sit at the board.

FURNESS RAILWAY.
The sixteenth half-yearly general meeting of this
railway company was held yesterday, at 12, New-street,
Spring gardens, the Earl of BeELLINOTON is the chair.
After the usual formalities, Mr. RAMIDEN, the secretary,
read the report, of which the following is an abstract.
" The
30th June exhibits a balance of 4861. 2s. 6d. in favour of
the company, and enables the directors to recommend a
dividend of 31 per cent. per annum to be declared on the
ordinary share capital of the company. There has been an
increase of traffic, both passenger and mineral; and in both
branches the receipts considerably exceed those of the lent,
half year. An extension of the line towards Ulverstune has
been recently opened, and the further works on the Ulver-
stone contract are proceeding satisfactorily. The per-
manent way is greatly improved. The rolling stack
is in good working order, but considerable inconvenience
and expense has been occasioned in the locomotive depart-
ment by the want of the new engines ordered last year,
which, owing to the strike in the trade, have not yet been
delivered. Thirty additional iron ore waggons have been
added to the stock, which hu increased the facilities for the
shipment of iron ore. The bill referred to in the last
report for the construction of a railway from the iron mines
to Piel Pier was withdrawn by the promoters, and since
then the directors have been in negotiation for the lease of
the Piet Pier and of the other property at Rampride, belong-
ing to Mr. J. A. Smith. The drafts of the agreements have
been settled, bat the directors thought it right to submit
the egreemenelle the swain for its approval. In order to
carry out the agreement, and to complete the other works
in progress, it b necessary that the directors should be
authorised to raise the remainder of the share capital under
the act of 1848, and a resolution will be submitted to the
meeting to that effect, and to sanction the creation of these
remaining shares as preferential shares, which will be
offered in the first instance to the present shareholders, and
when they are accepted by them or other persons the com-
pany will be able to exercise the borrowing powers under
the act. The directors, however, propose, helm.
making the calls on the new preferential shares,
to raise the required sum on debentures, to authorise
which a appeal general meeting will be required, and which
will be called when the new preference shares are accepted.
It has been ascertained that the principal shareholders
will accept •proportion of the new preferential shares under
the above arrangement with regard to debentures. An ap-
plication has been received from the Barrow Harbour Com-
missioners for the loan of 3001., to enable them to provide
accommodation for the repair of vessels, and the directors
recommend the advance of that sum. The report concluded
with an expression of regret at the death of Mr. Lumley,
one of the directors. The vacancy had been filled up by
Mr. F. Michell, and that caused by the resignation of Sir J.,
Paxton had been supplied by Mr. Esdy."
From the statement of accounts it appeared that the re-
Wes Maria( the half-year bad been 12,0371. 10s. 9d., and '
the expenditure 7,1861. 6s. 3d., leaving • balance of
4,8622.6 e. 6d.
The report having been agreed to,
Resolutions declaring • dividend at the rate of 6 per amt.
per mum on the preference shares, and 3 per cent. on the
.thee shares, end sanctioning the Wu of further prefer-
ential Ames to the amount of 20,0001., carrying a dividend
at the rate of 6 percent. per annum, and which were to
stand on the same footing as the other preference shares,
were also agreed to.
The agreements for the leasing of the Piel Pier and the
property adjoinit.sg, as detailed in the report, were then
the solicitor.
Mr. KENNEDY objected that it was not shown that the
leasing of this property would not be weer, or that it
would prevent any other company's applying to parliament
for • line to compete with this, and to =eke a wet dock at
Piet. He did not think the company would stand better
ages obtaining Mr. J. A. Smith's property. No price WILI
named for the purchase, and they might hence add a large
sum to their capital. It was possible to make an admirable
harbour at Piel irrespective of Mr. J. A. Smith's property.
The CHAIRMAN mid that after Mr. J. A. Smith had
withdrawn his bill lest session, he had entered into negotia-
Was with the directors, who thought that the probable
expense of opposing bills of that kind in parliament year by
year would be put an end to if they got possession of Piel
Pier on fair terms.

Some disemaion then ensued on the details of the agree-
ment. - _

rimolntios was then proposed and carried, that the
agreements in question should be adopted and the directors
authorised to carry them out.
Hemlotions sanctioning the advance of 3001. to the Bar-
row Harbour Commissioners, and confirming the half year's
expenditure oa the steam-boats, were also agreed to ; and
with a vote of thanks to the chairman and directors, the
proceedings terminated.

LONDON AND NORTH WESTERN.
The directors of this company hareitudissucd their
half-yearly statement of accounts, to be submitted to the pro-
prietors on Friday next. The joint stock capital account
shows a total of 22,487,2811., authorised to be raised no
shares. The amout credited on shares to the 30th June
last is 20,687,7701.; calls in course of payment, 133,3111.;
and calls which may be made, 1,610,1991. The general state
meat of the capital account shows that 30,148,9161. had been
received to the 30th of June laet, including 20,216,4811. on
stock and shares, 197,708!. calls paid in advance, and
9,736,7281. loans on debentures. The expenditure to the
same date amounted to 29,674,8971., of which 22,380,660!.
was expended on the main line and work., 2,103,010/. on
carryin stock, 251,0831. in lands and buildings yielding
rent, 4,7 g 27,8921. expended on lines open in which the com-
pany have an interest, and 112,0611. expended on lines not
completed is which the company have an interest ; leaving
a balance in favour of the company of 674,2181. The
amount expended on the main lino and works during the'
half-year was 71,9141. Interest and dividend upon the
whole of the 22,674,6971. is charged to revenue. The
amount received on capital account during the half-year
was 698,1481., of which 421,9901 was on loan, and 110,3694
all, paid in advance. The debenture account shows that
the debentures on the 30th June amounted to 9,736,7261.,
of which 1,882,4411. was borrowed at 6 per cent.; 184,0001,
at 41 per cent. ; 4.498,7601., at 4 per cent.; 1,288,7101., at
31 per cent.; 1,668,12.11., at 3, per cent. ; and 32.5,7001., at
3 per tent. The amount of debentures borrowed or renewed
during the half-year we. 2,302,9101.. and paid off or trans-
ferred 1,880,1)201. The increase in the loans during the
half-year we. 421,9901. The charge for working stock in
use is 2,103,0101., the total mileage worked 806 i mile*, and
the average cost per mile 2,4271.
The return of working stock shows that there are 698
loccmotive engines end 694 tenders, 1 state-earriage, 684
Ist clam mails and composite enrriagcs, 468 2nd clam, 3451
3rd class, 25 travelling post-office and tenders, 279 horse-
boxes, 243 carriage trucks, 221 guards', br.,ak, and parcel
vans, 28 parcel trucks; merchandise-8,318 wagons; 232
sheep vans, 16 tr 'Heys, trucks, &c., 1,15.5 crib rails, 5,150
sheets, sad 162 hones. The cost of additions to working