The Express.
London, England, 1863-03-13 00:00:00

alutar WESTERN RAILWAY.-(THIS DAY.) I LATEST SPORTING INTELLIG:

The adjourned meeting of the proprietors was
bell at one o'clock this afternoon, et the Paddington Sta-
ves, Mr. S. WALPOLL, M.P., in the chair, to receive the
report of 'the committee of shareholders appointed at the
haV-yeuly meeting,
the committee, after reciting the five resolutions
pissed at the half .yearly meeting, proceeded to say '-
1-our committee have hail several conterenoes with the
board of directors on the matters referred to, end desire to
epees theirsease of the courtesy with which they have been
met. As respects the first resolution, your committee under-
stand that the board consider the principle it enunciates one
which they are bound to carry out. A schedule of engage-
ments entered into by the directors previously to the lest
general meeting has been laid before your committee, sad
remains with the board as a record for future re-
ference. Thaw eogagemente are few in number, and
do not involve any considerable pecuniary liabdiths.
The second resolution is accomplished by an arraagemeet
made with the East Gloucestershire Company to withdraw
the bill now pending in parliament; but inasmuch as it
appear" that the Great Western. and West Midland Corn-
/ewes were, to some extent, earnest* the promotion of the
scheme, and therefore might be fairly expected to contri-
bute towards the expense incurred, the sun of 8,0001.
his been arranged to be paid to the East Gloucestershire
Compuay, in full of all demands. The third resolution is
intended to be virried out by a clause in the Amalgamation
Bill, by which the election of the new board will be vested
in the shareholders, and a re.constroction of the board
has been arranged by an undertaking of the present
board to make vacancies for six directors, and to
fill them up with an equal number to be selected by the
committee and approved by the hoard. The committee
rater the shareholder to the annexed copy of the minutes
of the hoard, containing as exact summary of these arrange.
menu, which they trust will conduce to the permanent pros.
perity of the undertaking."
The CHAIRMAN said in consequence of the resignation of
the Marquis of Letdown, he had been requested to preside
on that occasion, and his object in doing so was to promote
harmony between the board and the proprietors, and to aid
in carrying out the arrangements which had been agreed
upon. (Cheers.) To the principle of the first resolution
against farther extension; amalgamations, leases, sub.
scriptiom, or guarantees, he cad ally assented, but
no board could pledge itself never to do anything to meet
future attack; (Hear, hear.) The committee of share-
holders had declared their opinion on that subject. No
future engagements would be undertaken and the existing
ease were limited in number. An agreement had been
entered into with the London end North Western
Company end the London and South Western Company,
which would prevent future competition, and arrange-
ments were being made with the Midland Company which
would have the same effect. (Cheers.) As regarded the
East Gloucestershire scheme, to which the second resolu-
tion related, he believed the mutest of B,ooof. would be •
wise settlement of the question. As respected the recon-
stitution of the board, the directors bad met the propane
of the committee, not exactly in letter bat certainly in
spirit. Four diversion were to be elected at once, and two
more next summer. (Cheers.)
In reply to • question from Rear-Admiral Coda with
regard to the salaries of the director and the seereleries,
the right boa. gentlemen said that Mr. Eleunden readsad,as
secretary and superinteodent of the Great Wasters Railway,
9,6001, a year, sad as mastery of the joint committee of
the Great Western Railway sad the West Midland Rail-
way Companies 5001. a year, making together 3,0001. •
Voice—"lt'slA • thousand pounds too much.l
posing it were too math, the proper time foe any alteration
would be when the staff of the analgemamated
wm
sorpoiated. (Hear.) The amount allotted to the b=
•• year, of which 1,7C.11. • year was divided among
the directors generally, according to their attendance, while
the remaining 8f Jl. was by arrangement among the board
given to the chemise in consideration of the increased at
aflame. be nemeserily gave. (Hear, hear.) He did not
believe the duties of chairman were likely ever to he per-
formed properly foe lees than 8001. • year. He concluded
by moving that the report of the committee of shareholders
be received and adopted, end that the committee be re-
quested to continue their savior to complete the arrange-
ments therein referred to. (Chasm)
The motion having been seconded,
Mr. Meow', chairmen d the oonunittes, said he
the arrangements now agreed upon would be maid !ri
t i
their integrity.
rpitch
[Thee meeting wee preceding when ear report war de-
di.

(or ZLZOTNIC

SHREWSBURY METING.-(THIS DAY.)

HANDICAP SWEXF'SPAHES.
Labs ... ... ...

6 rms

HAWKESTONE CUP.
Odine
Edith
BOROUGH MEMBERS PLLT.B. About one mile.
Violet and Everlasting are here.

SHROPSHIRE HANDICAP. About one mile and a

quarter.
Atltreatoue, Flytrap, mad Wire are here.