The Express.
London, England, 1863-04-22 00:00:00

SUBMARINE TELEGRAPH COMPANY.

A special meeting of the proprietors of the Sub-
marts' Telegraph Ooropeny wee held yesterday at the
Losdua Tavern : Sir JANIS COMIC/1.4u, presided. The
following sr* the mint important paragraphs in the state-
ment submitted to the proprietors : —The company's liebi-
titie the banker (balsam of loin), 21,5001. ; to
rovonuo—oossistiog of 5,0001. cantion.mosey, deposited with
foreign go...moods, and a sum paid during the lad half
year in mimetic* of the original loos from haulms,
12,7071. 13e. 7d. ; total, 34,2071. 13e. 7d. ; less debenture
to be yet awned, 17,9201. ; leaving a deficiency of 16,2671.
13s. 7d. The directors propose to ask the meeting for power
to allot, as a bonus, among the present proprietors, in the '
first instance, 21. stock for 11., in the proportion of 251. fur-
ther stook for every 1001. stock, to be paid for, one-half oa
allotment aad the remaining half three mouths afterwards;
that is to nay, upon every 1001. stock the proprietor now
holds there will be allotted to him 251.. additional clock opal
payment of 121. 10a, half of which, 61. fre., to be paid on
allotment, and 61. fie. to be paid three mouths afterwards
geeing the present satisfactory increase of twain'.—and
that all the liabilities of the company will be discharged.
an wall as a substantial reserve fund established,
from the proposed allotment of the stock—the directors
have every reason to behove that for the future the
regular payment of • dividend will not be interfered
with. The chairman add one of the questions which the
meeting would have to consider would be the declaration of
a dividend. This was a matter which he would leave
entirely in the hands of the proprietors. After • long
suasion, in which Sir Charles Bright, Alderman Dakin, the
chairman, and other proprietors took part, it was resolved
that a dividend at the rate of 4 per cent. per annum, as
recommended in the half-yearly report submitted to the
meeting on the 3rd of Much, should be paid, and that
additional capital should be mimed in the meaner specified
is the eiroular. A vote of thanks to the chairman closed
the proesedinm.

AOCIDITTT TO AN TIMM TRAlN.—Yesterday
the armee' on the Great Wasters line, which left Birming-
ham for Birkeuhead at 8.55, suddenly broke down on the
Bradley embankment. The train was running at about 30
=Basso hour, had not stopped Moos leaving Birminigham,
and had about three miles to run before it would mach' its
grit stopping station at the entrance to Wolverhamptoa.
When the train was nearing the Bradley bridge, the med.
neer (James Arrow) yes &bullied by a violent jerk amend
the machinery of the engine, which immediately aftai yards
began, in the words of the engineer, to " roll about very
I much," but it did not leave the metals, and was brought to in
about 300 yards, It was thou toned that the massive crank
aide of the engine, and which is worth about 60/., had
broken at the big end journal of the connecting rod, where
it la about eleven inches across, sod about four Mabee in
thickness. Ths driving-wheel at this eod of the axle thus
becoming liberated it fell between the flange of the rail sad
the Umber, and broke off a part of the splashes., and to this
extent, happily, the accident wm mallard. There were
about air camases in the train, with the ordinary araople-
meat of passengers, who were uninjured.

- - - lmpacting too without cobour au the led pro-
vosts 11.• Mina's esrlet of Werkr brown loaves as ta
ami bads. ■ 'a Tia lasslimaral tharmire away
calla ada la Waal ir t,fr ...o.—wAltesimmils.l