The Express.
London, England, 1863-02-26 00:00:00

Darold&
Smits
Huard
LINCOLNSHIRE HANDICAP.
-- -

6 aim—

•
1
17 ran.
HANDICAP HURDLE RACE. Two miles.
Maribum, Satellite, Pot Poorri, Sinking Fund, Lincoln,
Neal Jam, Cromlech, and Furious are here.

HUNT STEEPLECHASE. About three miles.
Litigation, Baron Parke, Gernade, Confidence, Rook the
Gardiner Newer*, Tarqiun, Discrepancy, Moire Antique,
Fanny, Victrese, N•eaanOt Banger, and Mies Joyoe are
haze.

SOUTH EASTERN RAILWAY.-(THIS DAT.)

Thep&lf-yearly meeting of the proprietors took
place at noon ; the Hon. Jams Brea in the chair.
The report, which had been previously published, having
been taken es read,
The CHADLILAN moved its adoption. He said the
receipts of the last year were the largest that the
company had ever obtained, notwithstanding the com-
petition of the London, Chatham and Dover Com-
pany. In ten yeast the number of persons conveyed
on the railway had increased from 7 to 12 millions,
and the harems in the last half-year over the corresponding
period of 1861 was bell a malice. This increase was exclu-
sive of musket traffic. The company were, of course,
indebted is no small degree to the lateruatioual Ex-
hibition. The niereheadies tune also showed • satis-
f=buiacreaes. As repeded the enema the most
festers was an inmate of 17,0001. under the
head of permsaest way. This was *titled by circum-
141111101e, and it wee very gratifying that with such an outlay
the dividend should be so satisfactaar7. The opening
of thnLandon, Chatham, and Dover line had created •
feeling of deepaeriseey in the inhale of many of the
proprietors. (Hoer, bear.) The board bad had to look
at in the face, sad deal with it in the best way they
could. The Tolley adopted with reference to it,
that of dealing with the public in the meet
libesl Ellinbet, had proved a wise one. Both com-
puke were now convinced that it was not desirable to
eater into competition at all points, and having raped to
the interests of the company, the South Eastern board
had revolved to lay down their arms, and nego-
tiate with their rivals as men of bulimia. Cheers.)
The coarse punned with regard to the Loodoe,Chatham,
and Dover Company was similar to that which had bees
followed in relation to other companies, the great object
mainly contemplated being the avoidance of useless com-
petition. The aim bad not bees peace at any pries,
but pesos aequitable and mutual terms—(cheers)—
and the board were now addrendng themselves to the
teak of developiag the reweave of the South Eastern line.
As rep:sled the Marini-cross Railway the board had felt
from the first that it ought to be worked as an integral part
of the South Eastern line, and es an extension of the whole
South Eastern system into the south-western
parts of the metropolis. Arrangements had been made in
'mordant* with that view, and land bad been taken for
tlys lines. There would be a first-cless station at Charieg-
cum, the width of which had been increased from 150
to 170 feet, with a of 903 feet. Of wane
all this involved extra but he felt certain that
in the and it would prove a wise outlay, and was far pre-
ferable to leaving an deficiency, of accommodation for the
traffic to be expected (Cheers.)
Mr. Gloms Thomson, deputy chairman, seconded the
motion.

--/dr:—Mrecasta, ecesidered the statement d the diairome
with regard to the *die setidactory, but hared that
the cost el the Chsriag-aces adored= would prove
a great erabarremosat. The ietheale ol the di-

rectors now amounted to %MAW& ; sea he (Mr.
Mitchell) believed that when the extension wee opened for
treble the outlay would not have been lees than 3,000,0001.
The Tonbridge extension would out 1,100,C301., making a
total of 4,600,000& and how was It possible for them to
obtain b per cent from the additional traffic
(Hear.) He admitted that the Ohariog-croes extension
was likely greatly to donnas the moral tread of the line •
but was it mobahl• that it would add 80001. a week, which
would be necomery to maintain the dividend at b per mat.?
(Hear,
••
hear.) Aa to the London, Chatham, and Dover line,
he admitted that •••••I•0• was the right mune ;
but the repreeentatimi out of doors woe that
the South &Arra Company was to surreader 33 per
cent of its contineatal trudge. (Intimations of dissent from
the board.) He concluded by moving a resolution to the
effect that the report amid be adopted, except the Bth
relating to the arrangement made with the
paragraph, and Dover Company. (Cheers.)
Mr. BILL the madmen: Be said he mud
suspend his judgment with respect to the London, Chat-
ham, and Dover line till be had received fuller information,
but he had no such hesitation Is the came of the Marina-
des' Railway, their wobsoriodon to which wee now swollen
from 300,0001. to 3,000,000 L _ (Hear, hear.) When the
former amount wee orimed la 1869 it was simply with
a view to a working arrangement, which would have fully
answered their pupae, as a company. He amply regretted
that the board had departed from their original proposal,
and it wee hia istestios to move to strike oat paragraph lb
relate( to that subject.
Mr. TOMO supported. the admmt, which, however,
he admitted was:ether kseloafassinst the pricks when they
were a per cad, In fact he might say
with = am
Duke of Gloucester, in Bhakepeare, with a
slight variation :
" Now is the winter of our discontent
Made glorious summer by a six per cent"
(Laughter.)
Mr. HMS observed that there was nothing eatonishing in
the dividend—they had IS per mat- two years ago. (Hear.)
Mr. Levi also supported the amendment, and complained
of the want of definite information with regard to the ar-
rangement mode with the London, Chatham, and Dover
Company.
Mr. MAXIM!. concurred in this complaint, though he
was prepared to support the board in a reasonable inter-
change of Wk. He looked uappoonn the Charing-cross exten-
don iwith the graved apprehenions. In addition to
the 900,0001. authorised, the directors had already
advanced 400,0001. Did the ( anspaces Company
ever rains any money at all ? Wee it not a myth ?
aaughter.) Was it not a fares that the Hon, Jamas
ynt, Mr. Gordca Thompeos, lad Mr. Jonathan Mellor,
directors of the South Eastern line, should go to the Hoe.
James Bytes, Mr. Gordon Thompson, and Mr. Jonathan
Mellor, of the Chariag-aross Hoe, and say " Goads-
men we think the time has come for enannelpina-
tiou.'" (Laughter.) They were now asked to contribute
the remainder of the 8,800,000/., and he did not believe
the Chain-erase Company ever raised a penny. It was •
to isems * sod contractors that an expenditure of
millions should have been imposed as • bunion on the South
Eastern proprietors
Mr. Amass also 'eked for further informatics
with respect to the arrangement with the La
Chatham and Dover Company. He protested spiel
any agresensat with that company, which expos
risen showed could not injure them. He believed
that if an agreement with them were entered into, the other
company would use the premeds to make soother opposi-
tion line. (Hear, hear.) The Brighton Company had found
that they were sot to be relied upon. (Hear, hear.) When
the bill for the Charing-cross Railway was paid, it would
make a swims inroad on the Mouth Pastern dividends. (Hear,
hear.)
Mr. COLIN Curd also asked for addliked information
with respect to the Dover traffic. He would never believe
till he heard it from the chairman that the board had oon-
, metal to surrender that dello, which was entirely their
"to.

_ . _
N'Loara thought it would be madness to contione
the past opposition to the London, Chatham, and Dover
Oomizakselelez.)
d nos promo:hag whoa our report was
espot/Aril

VICTOILIA DOCK COMPANY.—(THIS DAY.)
The usual half•yearly meeting of this company
was held to-day, Mr. J. P. RATWOOD in the chair.
The following is an abstract of the report :
" During the half year I,26lships, measuring 565,228 tons,
entered the Victoria Docks, showing an increase of 29 ships,
and 50,285 tons, me tempered with same ppeeriod in 196 L
tonnage wee greater than that accommodated in any of the
other docks ceoneeted with the port of London. The total
number of ships, sad their awagate register tonnage, that
entered the port of London with cargoes from foreign ports,
during the years ending 31M December, 1861 sod 1882
respeotirely, wee--Ships, 1861, 10.769; toupee, 3,128,178;
ships, 18IM 11,551 •, tonnage, 3,313,078 ; maces,, ships,
782. tonnage, 184,943.
The Cuss's's', is wowing the adoption of the report,
stated that the rent wasregularly rammed from the lessess,
and tba traded the docks west as steadily 'swamis&
The motion haring been seconded by Mr. C. Mosiusog,
A ifamasomms &squired if the company had disposedof
the fiteel-yard.
The CJ raw replied in the negative. It was required
for the Oannea-atreet Extension, and its value would pro-
bably be nada by arbitration.
taamisstiThe modes was than agreed to, sad the proosodisp
tiL

K Rimmell bas bit upon a new and ingenious
&erne is Oa tam et " peaterned maid* favours. The
ribboa le sot 'sly nested. but I. onwasealsd with photo-
Parpairalte of the Prises sod Prime s&
letter from Ban Francisco, dated Feb. 5, says
WWlchipll,ll, ihuojag hoe arrived here from Shaegbal. b.
blimp 700 maw of thine sad akestiap from Cbina, sod the
'deices that hareafter ear market will be liberally 'applied
with aattmarsace:4'
errata that (porter. We i4Srll 4121) that
three Imp took aeree of eaten from Japan for Est.
bed diem • Tim quality wee rather beferlor,
but Ina