The Express.
London, England, 1863-08-21 00:00:00

LAUNCESTON AND SOUTH DEVON.

The half-yearly meeting of the shareholders in
this company wee held a few days 'goat the Council Cham-
ber Lunen toes ; Mr. E. ARCH= in the chair.
The socarrals, having read the notice convening the
meeting, the following report was presented and agreed to :
" At the last half-yearly meeting of the company, held on
the 27th day of February, 1863, the directors, though la-
bouring under considerable difficulties, expressed to the
shareholders their strong hopes of being in a very short
time in a position to commence the works, and their
determination to use every effort for such au end. The
promise which they then made they have redeemed, and
they feel pleasure in being able to inform the shareholders,
that they have not ouiy entered into a contract for the
construction of the lime, but that the works have made con-
siderable progress, and are being most energetically carried
on by the contractor. The directors feel it to be their
duty and pleasure to acknowledge, that they have been
greatly indebted to the constant and persevering efforts of
many of the shareholders, end the munificent auk of their
gracile the Dukes of Bedford and Northumberland, without
which they could scarcely Lope to be in the position in
which they now steed. They also wish to ackiaow-
ledge that they bare Meal in Mr. York, the con-
I tractor, a meet valuable coadjutor. It would be wrong,
however, if an impression were to go from this electing
that there is no further need of cooperation with the
I directors and that the work is done. In order to place the
matter on its presses footing the members of the board,
with several other shareholders, teed the raising of a
certain amount of share capital, and they feel coulident
they can rely on the eootinued cooperation of the share-
holders in carrying out this guarantee."
Sir W. Cam stated that as the directors had guaranteed
several thousand pounds in shares, of which 1,3001. had
bees fer9loonting. he would ask whether it was the wish of
the meeting that the toiletry should make up the remaiodsr
by
a g subscription.
After a short discussion, Mr. Perms proposed the follow-
ing resolution :—" That the directors having guaranteed the
raising of 6,0001. extra share capital, of which a portion
only bas been raised, that a committee of shareholders be
formed to canvass for additioaal subscriber to the railway,
and that the reasouable expensesof such committee be paid
out of the Node"

This was escaladed, sod also unanirnotiely carried.
The fallowing gentlemen were then eppoioted as a com-
mittee, with power to add to their camber:—Sir W. Call
Mesas. Peter., Wise, Galls, and Robbins.
The meeting then separated.

Sours DEVON AND TAVINTOCK RAILWAT.—The
directors of this company state in their report that the
available balance arnouats to 3,3041.—0 f which the interest
cm debentures would absorb 1,460. ; interest on preference
shame, 839/. ; the management, 17/3/. • the auditors, 10/. ;
and the dividend, at the rote of 2s. 10d. per share oo the
ordinery capital, 8621., leaving a balance of 7!. The opening
of the Cornwall line horn Truro to Falmouth was Brad for
the 21st irtaot• the line from Tsvistock to Lauocestou was
progressiag rapidly ; and the line to Dartmouth, below
Brinhasi, sad other branches were being pressed forward
with emiwy, the whole of which would teed to increase
trine as the main lure.

INTZILCOLONIAL RAILWAY.—We have reason to
believe it is a fact that the preeeut Comedies Ministry have
agreed to a joint survey withNovs Scotia aid New Brouswice
to determine the most practicable route for the eoastructioa
of the road, and we have not a doubt that 'sewers will he
at own commissioned to make this survey. We think it is
right and desirable that this survey should be made and
methodic isformatiou procured, so that the larisisturs,
whoa it discords the question, may have all the mammy
data baton Yaw— Canadian News, August 20.