The Express.
London, England, 1855-01-25 00:00:00

The report to be submitted to the proprietors at
the extraordinary general meeting, to be held on There
dab Feb. 8, states that :
The ordinary general meetings of the company are held,
wording to the terms of the Deed of Settlement sad Char-
ter, is the month of hugest in sash year. On the present
occasion, however, the directors think it desirable to call an
extraordinary general meeting, for the pupas, of submit-
ting to the proprietors a full statement of the actual petition
of their affairs at the commeaormtat of the present year.
The amount actually expended on eapital aceount up to
30th Dec. 1854, is 1,132,3381. Be. 841., the particulars cf
which are given in the statement of the accounts. In their
report to the general meeting, on the 20th July last, the
directors stated that • sum of 300,0001. beyond the extols(
share capital of 1,000,0001. would be required to dee he
undertaking. Since that time great progress has beet MS is
in finishing the works and settling outstanding engage-
Monts. The only remaining contracts of importance, vin.,
those connected with the waterworks, have been let at fixed
priors, and are considerably advanosd; and Sir Joseph Pax-
ton's report,, which is appended, shows that he sees no
reason to anticipate any material change is the estimates
formerly given. The sum of 6.1,000!. remains due on the
original purchase of land under an arrangement by which
the company have an option of continuing it as • loan for
five years.
The arrangement respecting the Dulwich Wood property
has been already stated to too proprietors; but it is desir-
able to explain the details fully in order that the financial
position of the company may be clearly understood. Early
in the undertaking • lease of the property was taken from
DalwickCollege at a rental of 2,0004 a-year, with a dove-
sant to exesend 40,0001. in building within live years, by
Mr. Wytlies, who became the purchaser of this company's
surplus land. In aosetructing the roads and approaches to
the palace, it booms to take • largo portion of
the most valeatio Resew s 1 the lead comprised in this
lease ; and owing to the emermese rise whisk hest then
taken place in the value of all emit load nem the plebes, it
became evident th t if the mammy had to deal with Mr.
Wythes and Dulwich College gels lodine/7 mum under
the eempuleory powers of their est M pediment, a very
large tom would have to be paid ler Um gyammesedaties sr
qeired. On the other heed at was appermat MO the eammel
of the entire wood was very impeder) to the mower, co •
security against nuisances, mg he Priageing the_ beauty
sad high character of the Pelee, es fite atele *wade Ler
dee. This led to • negotiation, by which Mr. Writes
=to underlet the property to the csompamy tar hi
term. at • rent of 3,000!. per mum, ea at
which, haling regard to the 'sheaved peke of is th
seighboerbood, and to the neseesity under whieb the MOP
piny might be placed of miss large eempeeielem, wee
asaidered very advantageous. As part rsr this arrespe.
meat • boleros of about 25,0001. due by Mr. Wythee to the
sompany for the purchase of the surplus load at Syskahara
eoldto him, was to remain at interest, as a security for the
performance of the waviest* to Dulwich College for which,
as original lessee, he coutinsord liable. The state of things
keirro
is therefore this :—Tbo employ holid the
rental y to quo,-
ties at a of 3,0001. • year, on w • have ga-
rotted 17,8261 in roads, approaches, Ike., B,E of which
is allowed in terms of the lease as a part perform-
ance of its covenant., leaving 32,0001. more to be
'weeded is buildings wields throe rears from this
time. Oa the other hand, they have 26,0001.
still to receive as poodle's' mosey of surplus lead,
The Dalwieh Wood property comprises sixty-seven agree,
mat eligible for buiidieg purposes, being in the immediate
vicinity of the Crystal Palace, and of the station of the
West-end Railway, which is now in coarse of eenstractios ;
and the directors ass advised that no doubt can be enter-
tained of finding parties to build upon it to an more
the a sufficient to relieve the company from its liability
ender the covenants of the hate, and at ground mots which
will more than cover the stipulated rental. It would be
obviously inexpeditet,howevzj2..thji.prpont state ot the
Willey marks', attd-mutt-the w. .d Railway is further
advanced, to suempt to form a reelrealies of this pro-
perty ; and, is the maritime, the account of surplus pro-
perty—which comprises, is addition to the Dulwich Wood,
a occeiderable . x'eot of valuable lead tear the Sydeettam
mid ILaerley Bunions—may properly be masidered as a Po-
pe..e account.
i=powip
6.1
It is *stubborn/I to the directors to be alibied to stem
that the reports of the most coop otralteettita MMus a*
doubt either as to the stability of Me Woeslllol.lllllllt dr
the pre/Usability of obtains' • enfilolond Apr mow
NO euleibliali As awsaiSmst diw/lay el
mot iummies.