The Express.
London, England, 1862-03-03 00:00:00

DUBLIN AND MA'AM RAILWA y,
The seventh ordinary general meeting of the
roprietors of the above company was held on Friday in
Dublin • Sir JOSZPH PaXTUN presiding. Thereport stated
that the rails will be actually laid for twenty-one miles
of the line by the end of next month, aid that the whole
line will be completed by the middle of May. The pro.
grins which has been made during the autumn is the more
satisfactory, inasmuch as it has been effected notwith.
standing the lamented sudden death, in August last, of the
chairman (Mr. Allard), whose powerful support, had ht
been spared, would have enabled the directors to report
that the line would be open in March. The rolling stock is
in a forward state, and pert is already in course of delivery.
The directors have thought it advisable to introduce a bill
into parliament for the purpose of increasing the capital
of the company, and also of enabling them to issue, on
special terms of preference or otherwise, that portion .f the
prated capital of the company not yet taken up by the sub.
scribers. They have, however, every expectation that they
will be able to dispose of the remainder of the capital of the
company without having recourse to the issue of preference
shares. The vacancy on the board occasioned by the death
of Mr. Alkard has been filled by the election of Sir Joseph
Paxton, who has consented to act as chairman. A vacancy
has also been ceased by the retirement of Mr. J. C. Firipa.
trick, who has been appointed to the judgeship in Caf-
traria. It was not proposed to fill up this vacancy at present.
The OnAmitas said he undertook the onerous and reepon•
sible position of his late friend, Mr. Alkali, at the request of
those thareholders in England who bat embarked a large
amount of capital in this enterprise. As they were aware,
his avocations were varied and numerous, and it was there.
foie with great reluctance that he consented to become
their chairman. No effort would, however, be wanting on
his part to give effect to the enterprise, the success of which
his late friend had so much at heart. His brother directors,
no doubt, considered that his connexiou with, and experience
of, some of the most extensive sod successful railways in
Inland would be of great advantage in the management of
the company. He had the day previously examined the
line of weeks, and from the forward state in which they
were, he saw no reason to doubt but that the line would be
opened at the time stated in the report of the engineer.
The works, he considered, were being executed in a most
substantial style, and the ground through which the line
ran was of such • characters, to prevent the slipping of
the embankments. There was • great deal to be done yet
on the line in the way of ballasting, but by the energyof
their engineer and contractor; there was no reason
to apprehend that it would not be delivered up to them in
the promised time. (Hear, hear.) It was necessary, in
order to finish the main Unt, and to construct the branch
line, to apply to parliament for powers to raise additional
capitaL Their original capital amounted to 230,0001., their
borrowing powers to 75,0001., making in all 305,0001. The
capital subscribed for amounted to 165,000 L, and there
were unissued shares to the amount of 65,0001. The new
' capital Jthich they propose to apply for power to raise
would &Mount to 601101., to be distributed in 45,000 shares,
with borrowing powers to the extent of 15,0001. He was
I glad to find that the directors were nuanineously opposed
to the issuing of preference stock, and the shareholder
might rest assured that their power in this respect would
be exercised with the greatest possible caution. (Hear.)
The line would cost about 10,0001. per mile, including sta.
tics; rolling stock, and the entire equipment of the railway.
He was MK at present in a condition to express any opinion
as to the prospect, of the line. All be could say was that
it posed through as rich a district as any in Ireland ; and
he saw no reason whatever to doubt the favourable conclu-
sion at which those who promoted the undertaking had
arrived as to the traffic. They might be brought into col-
' lidos with other companies, but he hoped that if any &He.
reonsetshauld arise they would be peaceably and amicably
arranged. (Hear, hear.) He might state that they started
with no hostile feelings against any company, and it was
very much to be desired that the Drogheda Company and
the Dublin and Meath Company should work together
in the most perfect harmony. (Hear, hear.) The dices.
tore had determined upon not erecting any lent a tempo.
rary station at the junction. They thought it probable that
after a little time they would be enabled to make such ar-
rangements with the Drogheda Company as would secure
to them the advantages of a joint station atNavan. (Hew.)
With regard to the Midland and Great Western Com-
pany, they had by virtue of an award made between the two
companies @greed to perform the locomotive working of
four trains each . way daily, taking as their remuneration
en equal proportion of the fares for the distance of seven
miles over which the Meath carriages would be hauled on
their line. Is was the interest of the Midland Company
to aid the Meath Company, and the extension of their line
to the Neeth-wall would not only be a great convenience to
Cattle owners and the public generally, M but a great os-
tags to the Meath Company. His aim, and that of the
di:estate, would be to develop and accommodate every
species of traffic in the district through which the lime
ran. (Hear, hear.) The chairman concluded by moving
the adoption of the report and the statement of the
accounts.

—Thel3;tice of Litutirrna, in seconding the motion, said he
was of opinion that the line had now every prospect of sue.
oess. It was most important for the interest of the share.
holden; to have such men as Sir Joseph Paxton their chair.
man. He was thoroughly acquainted with business, and
they might look forward uow with confidence to a period of
prosperi Cisty.
The arassn then put the resolution, which was carried
unanimoualy.
Resolutions re-electing Mr. John Chapman and Mr.
Chapman directors of the company, were then put
and carried.

Yr. eory Dick Wood&11 was elected auditor, and the
proceedings terminate'.

WEATHICR ERPORT.-(TELD3I DAY.)

Moms, sus= s, $ A.Y.

LI u.