The Express.
London, England, 1852-07-31 00:00:00

NORFOLK RAILWAY.

There ass a special general meeting of this cony
pany yeeterday, at the aloes in Guildhall-buildings, City,
for the purpose of sanctioning the issue of new preference
shares to the extent of 506,7001. S. M. Pete, Ego., M P.,
took the chair, and complimented the committee for the
seal and unanimity they had shown in their conferences
with the directors on the subject of honing these preference
sham. This stock was created to supersede the old debea-
tune of the oompsny, and would bear a preferential inte-
rest of anly four per cent. They would be distributed
amongst the holden of the old stock, and the holders
of the new 201. stock. The saving by this new stock
would amorist to about 5,0001. a year. They were
now creating this dock by their act of parliament, which
every other case of guaranteed stock; and the
regulatedecit would be to give the company funds to meet every
obligation. It was, therefore, with great pleasure that he
moved the resolution That 50,870 preference 101. Nor-
folk railway debenture shares be now created, hearing a
preferenUal clividegul of fear per oast per annum." (hp-
plauss.)—ddr. Tits seeonded tie urchin.—The Chairman
said they bad pail of the WS overdo* debenture, and
they had renewed 111,11001. at six months' notice. He
wee begin to sasatisa before they left that the
preemie efiltede line were very much improving, especially
from the pawing importance of the port of Loweeto!t, and
itasteese to the north of Europe. The system
of was now under consideration, sad
11111° Vb.& as Asabt, be adopted between that part of
eat tha meth of Europe.—Major Court asked if
they had soder their sot, to raise so much money.—
The Chairsea mid they were 20,0001. under the amount
limited by the set.—The resolution for raising 50,670 sham
of 101. (oe 506,7000, was then passed unanimously. After
a vote of thanks to the chairman the meeting adjourned.

THREE SOUTH SHIELDS PILOTS DltOwNgii.
On Wednesday information was received in South Shields
of a coble having been run down of Whitby, and three
Shields pilots drowned. It appears from information gives
by the master of the vessel, at the Trinity-house, Newcastle,
and hem Inquiries made by the friends of the missinc men,
that • Demi* sloop, the AIMS Masaretba, was coming
down Ilse Yorkshire coast, abort 3 o'clock on the
fl=inof the 26th. She had a squire sail set, and was
t•d y • boy, the master being the only other person as
deck at the time. They observed a cable with three men in
her, and state her number to be 91, but that could nut be,
uleo. 91 was in the harbour of Shields at that time. The
pilots had felt desirous of getting on board, when, it would
appear that, in consequence of the boy managing the helm
improperly, the bowsprit of the sloop had caught thc roast
of the coble and upset her. The master states that imme-
diately after the accident happened he wore round, but as
the vessel was running at the rate of six miles an hour, it
took sore time to do so, and when be got beck to the spot
the able and men had timprared ; he saw nothing hut a
wooden dish sad an oar fleabag. The oshle, there is every
resew to think, is No. 94, belonging to South Shields, and
the unfortunate men are supposed to be Robert Stephenson
sad William Young, pilots, and Matthew Young, a boy
serving his time. The cause of the accident will be invests:
gated before the magistrates.
A PILEFERENCE.—The Order of Itedemptionista
have shown their gratitude to the Earl of Aberdeen by par-
chasing his lordship's family mansion in Argylv•street and
the_grounds behind it for the sum of 21,0001.
REPRESENTATION OF OLDIIAM.—The conserva-
tives of this borough have invited Mr. Heald, late M.P. for
'Stockport, who was defeated et the recent election by Mr.
.1. B. Smith, to come forward in the plum of Mr. Duncult,
demand. On Wednesday evening he met a portion of the
electors, chiefly conservative (but a number of the lenders
of the tory ical party were also present), and a resolo-
tion was passed pledging them to give him their support in
the event of a contest. A meeting of the liberal party was
also held in the town hall last night to consider the propriety
of again bringing forward Mr. W.. 1. Fos. At the recent
contest for this borough Mr. Duncuft pollen 869, Mr. CO-
bett 947, and Mr. Fox 7T7
ST. MARTIN'S VESTRY.--EMIORATION RATE:—
Close of the poll : For, 1,167 ; agaiout, 380; majority, 787.
Persons voting: For, 299; against, 189; majority, 110.
DEATH OF MR. WATSON, M.P. FOR PETERBO-
Rouon.—A contemporary states, on the authority of a pri-
vate letter, that the Hon. Richard Watson, the lately
fleeted M.l'. for Peterborough, in the room olfdieM,r,
n
vendish, died on Saturday last at homburg, r e tik
of only four days. e
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