The Express.
London, England, 1864-08-19 00:00:00

SARDINIAN.

A meeting of shareholders in this railway was
held yesterday at the aloes of Mr. E. W. Cannon, is
Oopthall-oourt, for the purpose of tams step* to emertsia
the prosiest position and prospects of the company. There
were about • doses shareholden present. Mr Lynda',
solicitor for the dismally' shareholders, stated'''. obiset
of the meeting, and called wpm
Mr. Guns, who said be appeared al behalf of two or
three dissatisfied shareholders, who dean through him to
make • stalmaset of their views. They bad entered into •
*somatic., and were perfectly willies to fulfil it ; bat
before they did so, they desired to sandy themselves that
it was a bode fide undertaking, for which purpose they
mast have more Wonsan= than they bad at present. He
believed the directors bad such information, and, if so, it
ought to be tarnished. (Hear, hear.) He believed that
the 61. per share already celled mast be paid before the esr-
tidos** amid issue ; and the doubt se to their legal nal-
and whether their liability went beyond the 6e., na-
palms they parted with their certificates sad wished
to withdraw from the wooers. created andoloa.
The capital of the cannel, 3,000,0001.. was set
small. The mama had bees intradated through the
Stock Exchange, the brokers, Mr. George Seymour, Mr.,
Cassoon, Mr. Hors:all, Mr. Addis°. and Mr. Beaker, were
men of the highest respectability, bat the proprietary wee
what we+ called • forced on. It wee well known that whoa
parties applied for shares in • good eadertakin they
mainly ever got all the" they applied
es for, sad very Ire-
genially moo. but that if the ortaldwas • had on
they pen sure to get the fall amount foe which they asked.
Now le this °me hie friends were allotted the whole num-
ber thy had applied for. (Hear, bra.) It behoved the
skarehokleas Sa look need mad protect themselves. Tlts
directors was, like the broken, men of high respestability,
as were the solicitors sad all esenected with the cower.
bat the position of the company was nevertheless mat ma.
satisfactory. There was • lurking napkin in the pedal's
niacin to the boolo fides of the caner. and the came-
gnome wee that then was no market for the shares and so
memo at getkeg rid of the liability. His hinds
bad beard to Rive away their there. but ackody
utlet accept them, aod they bad bad sake that
the regent sell of 31. per share was paid the directors
wweuaal4dadores it. ilia 000110540% was that they could set
de so. The Italian law was one thing. but the English law
wee spottier ; wed as there had been no registration seder
**Joist-ell& Act, the call could sot be enforced. The
fact gas that they had get tutu • bad madertakiag. and their
wheel course was to gat est of it as best they could, sod be
resummeadedthat they should appoint • deputation to wait
epos the directors to tell them that it was the wish of the
shareholders to pay all apneas Warred op to the present
these, bat not to paned farther. If this wee ref used, and
the arenas, against the with of the tharstiollers, 'misted
alma gain on, they meld net but moan that there
was something more than waxed as the surface. (Hear,
hear.) It had her maenad that large same were to be
nand by the coacessioe,and there might also he a
of plea wising cut of metracte and other thinge,=twas
not consisteut with respectability or illegrity to endeavour
to make such pies out of ea unwilling proprietary. (Hoer,
hear.) He would submit • resolution to the effect that •
depellatioa nit upon the division, to urge upon them the
Impalisy of further proceedieg with the medallic's'. and
the propriety of retuning the eapital ahead; paid ap, after
dads.* the espeasse lacuned.
Mr. aIIVOCUAP thought that would be gob' too far, and
moved an anmadment that a committee of shareholders be
appointed to wait opal the director to obtain informatics
es
to the position sad affairs ot the coompsay, sad that the
essalag ha adjeurced to receive the Yvon of such coup
mitten • Before be took up his shares be west to Mew.
Glyn, who wen his bankers as well as the heathen d the
campaey, and consulted Mr. Glyn ea the subject. Xr.
Glyn told him that the anent was ia the hands of most
respeuable men, and that be kismet! had tall. op 300
share.

31;.ffruniam—Nr. (Ilya amid very wen afford 10 Isks up
300 shame, hi. Arm Wog the bankers of the company. It
would be better to call a 'moral mooting of shareholding
Wass they peeled inch . resolvable is bad bees trommested.
A cooversatios emus& is the mane of which doubts
woes expromed as to whether thie pus/maim by the Italian
goverument of 6 pre mat clarion oocistructios. mid 5801.
• mils remain afterwards, ettimatsd as a minimum 8 per
essa., woo meatus, sod • general opinion was declared that
alas Use was set likely to pay if emetraated, and that the
prow comes was to triad up the comers sod return Ike
ao..y, short the impasses. It was farther soraplaiDd that
Do Wawa-Meet had been presseted by the directors, that
no auditors had been appointed, and that no information
could be °braised at the offitte of the mammy, sod it was
suggested that it might become Dicemary to filo • bill is
Chancery to am* the direators to (amok bbs required
particulars.
Mr. °MOCHA,' thought It kaporteat that they should
mosertaia what mosey had been paid, U aay, for the mom.
mho, and who had the advantage.
I. reply to a nominee, it was stated that aethiag had bees
dame towards aarryiag out the fib*, and that ea inquiry at
the office the ammo was that uothiag °sold he dens till
Norreiber.

A SHARiCHOLDIR-12 that CYO what OM they WIES with
ihr 31. WI? (Hoer.)
Amite, 89AMIO1D111 rioted that he had been told the
I ether day that 3,000.003 francs of this meaty called up was
to the hands of the Italian goveransent by way of seaway.
Ultimately both the reeolutlos sad the aniendossat were
adopted, it being understood that the deputation should in
the dna iastence combos themselves to tolling spas the
&rooters foe juror:natio& in aecordeace with the tams of
the easeadmeat.

MOUTH DIVAN.

The report of the directors of this ooispasy
raft that Abe gifts revenue della' tie post IraUlwer
mounted to KOK 18e. 7d. ; thee al the earreeposarg
period 1863 ma 10.2171. le. Bd. ; sad the Wafts ft mew
weft.is favour of ttto half-yea asthma 30th Jute bet r
therefore, 73074 16..11d. Ws amoral ozporditura of the
balf•year amounted to 1.3761. Po. 3d , on worts sad Out.
• credit, however, of 1,7621. 4s. 7d. hoe beta realised by
Um rat of moles meaty to the seharshe sad ether par-
obtoora. sad bs dedissed is the sessefte heft the above
astslft. reducharthe areal expreditare to 1141. 4e. Bd. It
wad roporlad to lb. proprietary in Feb ier7lrl, that a 12U1
bad toss sabetittailte pralissyset for sotharistsg lb. Tligs