The Express.
London, England, 1863-10-02 00:00:00

GREAT SHIP COMPANY.-(THIS DAY.)

This day a special general meeting of share-
Solders was held at the Londe. Tavern ; Mr. Hensel is the
chair. The meeting was bet thinly attended.

The report, whit* has alrsodi been published, having
been taken as read,
TheCnoranate said it impimed a painful task on the dime•
tor+ to submit the report to the meeting. The report spoke
for itself, and exhibited the pecuniary difficulty in whisk
they stood. Already notices bad been given by permits having
,Lino upon the ship, and she mot be sold at the end of
a fortnight if something was not done to liquidate the bi-
lling.. There was one thing which might be doom, via,
oi wind up the company in the Court of Chancery. That
would stay the proceedings of other parties, and give the
lareholders time to deliberate on what was to be done—
whether they would buy the ship or not. The directors
had nothing to suggest, and would leave the matter in the
fiends of the shareholders.
In reply to Mr. TAYLOR,

The SIMLITABI wird that the gees Neer& of the ship
for passenger+ in the three somas out and home were
,5731.. and for freight 2'2,9111/.

Mr. TAILOR complan:ad that the net rani* were so
small in proportion to the grow mei*. He attributed
their position to want of proper management, and to the
mec deck, which prevented the meal from being readily
turned.

Mr. W. HAIM regrettml that there was no policy pre-
sented by the directors. He couidered it wee had policy
to place the ship on the American station, when she had
to meet great competition, low freight', and the danger
of running in and out of difficult harbours. He
believed that new blood Mould be infused into the man-
agement, and that with a proper plan and • policy beton
them this ship would be • grant smooth He suggested that
Australia was the proper destination of the ship, end if by
her mesas the Australian colonies ware brought within 40
days of this country she would have sanrend.
The report was adopted.

Kr. Hants then moved that a committee be appointed to
molder the present state of the affairs of the company,
and to repretin ten days, or moor, and that the meeting bs
adjourned till the 12th to enesidsr their report.
Mr. Fannon nesooded the motion.

Mr. Burn, of Manchester. moved an ameadmeut to the
effect that the leading shareholders form themselves
bito a company for the purchase of the 'hip,
and that the existing shareholders be invited kW'
form part el the company. He understood that
the ship was now in the heeds ei the sheriff eilwaeashire,
for Mr. Parry's debt of 8,0001. A resolution similar to the
lhaone he proposed was adopted at a meeting of shareholding In
eboder. _ _
_ _

gr. Homily of Bory, seconded the amendment.
The Ciumuus defended the policy of the dim*" Adds
he rid had been approved of b 7 the abasholders.ton had sotjavisted theprincopleson which tissebipisadbeen
built. The ship herself wrested those
su..for sit*
ossareed swore coal than Mr. Brawl sad did
not sail with as mach speed as Nr. Brag ("Tie,
yet' ner.ever had the arm of main the ship to
Australia. He was readied to mkt Ms position as shah.
. _

lto reseldint bad bees e®e to edam) we west ::=
bet jed hem the Moe al the steellog, it we
that Yr. Hawee's mottos would be adopted.