The Express.
London, England, 1862-07-16 00:00:00

RAILWAY AND PUBLIC COMPANIES IN

P4RIJ4MZIII2`.

Yesterday, on the re-assembling of the committee
on the Amalgamation Bill of the Eastern Counties and other
companies, the case of the Eastern Union was argued at
considerable length by Mr. Denison, Q.C., who denied that
the company had, in reality, refused all information relating
to their liabilities, but that they had only objected to do so
in conjunction with the proposed reference of the question
to the Railway Department of the Board of Trade and to
Captain Galion, reserving to themselves the right and taking
time for the purpose of preparing the statement required for
the committee of the Lords. Thecommittee having heard the
argument, end Mr. Round in reply for the Eastern Counties
Company, adjourned the further consideration of the question
until this day, to enable the directors and counsel for both
companies to consult together, and determine on the termed
some arrangement with reference to the alteration of their
capitals. The committee next went into the case of the
Fast Anglian Railway, whose capital consists of the fol-
lowing classes and amounts of shares and stock :—ClassA.
322,370/., at five per cent. preference per annum, and
53,1501. at seven per cent. ; class B stock, 1211,0001. at mix
per cent. ' • class C stock, 70,873/. at seven per cent.. per
•onum ; ordinary stock, 1,033,6061. ; total, 1,600,0001. ;
borrowing powers on mortgage 345,2001., and pre-
sent mortgage on bonded debt, 268,8181. After dis-
cussion, the committee finally decided, with reference to the
amalgamated division of the:vital and the dividend thereon,
that every proprietor of East Anglian ordinary stock shall,
in lieu thereof, be entitled to a like amount of guaranteed
stock, and from Ist Jan., 1863, be entitled to preferential
or guaranteed dividends upon such dock, at the rate of one
per cent. per annum on the amount thereof, and that when-
ever, for any year soiling 31st December, the dividends
declared on the ordinary stock shall exceed three per east.
per annum, the proprietors of Rest Anglian guaranteed
stock shall be entitled to receive an hicreans of
dividend equal to two•fifths of the amount exceeding three
per cent. per annum, which shall be so declared on
the ordinary stook of the company. The committee
then adjourned to this day. In the other committees the
moot the promoters of the West Riding, Hull and Grimsby
Railway closed with the legal evidence of Mr. Baxter, and
the engineering evidence of Messrs. Fowler, Fraser, and
Blyth, and the opposing aim of the Lancashire and York-
shire,was commenced. Mr. Harrison, C.E., wraiths principal
witness examined in the North Eastern (Hull and Don-
caster) committee; and Mr. Bowl, C.E., for the Moral
British and Weet of Fife Railways, against the Edinburgh
and Glasgow Railway. After negativing the locus Mandl
of the Great Western in opposition to the West Shrop-
shire Railway, the committee passed the bill, together with
that of the Cannock Chase Railway, the opposition to which
was withdrawn. The bill for the improvement of Salford
was peeved, and the Glasgow Police Bill proceeded with.
The Waterford and Limerick and Limerick and Ennis,
Dulais Valley Mineral Railway, and Dagenham Docks
Balls went through in Mr. Massey s committee on unopposed
bills in the Commons.