The Express.
London, England, 1864-10-05 00:00:00

THE EXPRESS, WEDNESDAY EVENING, OCTOBER 5, 1864.

LATEST SPORTING INTELLIGENCE

(I ■um= :swum.)
BEDFORD biEETING.—(THIB DAY.)

ENTRY FOR STRATTON-PARK STAKES. Ono roils
4 Inflow 42 yards.
Zeloo, Nino, Gold,leek% aad Triumpher. AU are hers.
ENTRY FOR QUEEN'S PLATE. Throe made.
Oldminator, Fort Lauesehiro, Dolma Oanue, Zeloo, Lady
Hylda, Mirage, and Sheridan. AU an here.
ENTRY FOR TWO-YEAR-OLD SELLING STAKES.
About half a Wks.
_ _ . _ _

&inlet, Sisyphus, 134p;S,19hiskey, Vests, Ethel, Bossy
Iby Yellow leek, and lwacsabire Witch. All are here.

ENTRY FOR HUNTERS' STAKM. One mile.
Vielos, Zola; sad Mingo. All sr* hors.

SCURRY HANDICAP. About ball a mile.
Zora, Garotter, Don't Corns Late, Colleen, Light, Bonnie
Melt, sad Oncordia are bore.

GREAT WESTERN OP CANARA.(TRIS DAY.)

This day the half-yearly meeting of shareholders
was held at the London Tavern ; Mr. Alderman and Sheriff
DMUS is the chair.

It appeared from the report, which was taken as read,
that the gross receipts for the half year on the revenue sc.
count were 314,9391., which, after deducting the expendi-
ture, left %balance of 10,9611., which was insufficient to per-
mit the declaration of a dividend.
The CHAIRMAN, in moving the adoption of the report, said
that the directors had done all that in them lay to
procure a dividend for the shareholders; and that
they were disappointed in that rveult arose out of circum-
stances which were entirely beyond the control of the di-
rectors. They had increased traffic at a reduced cost, but
they had to pay 66.0001. in the year for renewals ; 101,000/.
interest on bonds and the large sum of 144,0001. by conver-
sion of American funds, which same were equal to 5 per
cent. With this money, they would have been enabled to
pay a 5 per cent. dividend in January, 1863 ; more than S
per cent. in July, 1863 ; per cent. in January, 1864 ; and
5 per cent. at the present meeting. It would be seen that they
had a very large balance of American foods in America, and
he should like to hear from the shareholders an expression of
opinion as to this balance. It was often disco:reed
whether it would not be better to refuse American through
traffic altogether rather than submit to the loss which they
suffered by the exchange. It might be necessary to come
to such a determination if the rate of exehaage rose to such
an amount as would make the through baffle absolutely
unprofitable. But the through traffic was their mainstay.
Without that traffic they would have but 44,0001. of
receipts to meet fixed charges of 80,0001., which would
leave a deficiency of 36,0001. It was very important for
them therefore to keep themselves on good terms with their
American allies. He was of opinion the shareholders would
derive much advantage by laying an intermediate or third
rail between the Canadian railway page of 5 feet 6 Melba
so as to provide a more expeditions and anatomical transport
for the American traffic, which was carried on a gums
of 4 feet 83 inches. Those American companies with
whom they were connected, offered to bear three-
fifths of the entire expenditure for eight years of laying
down this additional raiL All they expected in return was
the advantage which a line of unbroken gauge would give
them. He thought this matter would be best left in the
heads of the directors. The cat would be about 140.0004
After. some further remarks, the chairman moved the
adoptiia of the report.
Mr. Horn seconded the motion.

Mr. GODFREY, after asking some questions, thought that
the true policy of the Great Western of Canada was to
make friends on terms equitable to both parties with the
Grand Trunk Railway Company, instead of entering into
an alliance with the Yankees at both ends of their line.
He moved ea an amendment to the motion that no more
money be carried to capital account till every sh►reholder
received a dividend of 5 per cent.
Mr. MILES strongly criticised the policy of the directors.
Mr. Erin moved the omission from the report of the
11th paragraph, which related to the laying down of a third
rail. Thee were already too much crushed in by the New
York Central oe the one side sad the Michigan
Central on the other, and be did not with to be still:farther
crushed by them. He believed that the selling value of
their line would be injured thereby. It should be borne in
mid that the Great Atlantic and Pacific line was a six
foot gauge, and that they were looking after the Great
Western of Canada.

Mr. Gouvuzv would withdraw his motion is favour of
that of Mr. Evans.

[The promiadinp had not terminated when we went to
prom]

CHARTERED BADE' OP INDIA.-(THIS DAI.)

An extraordinary general meeting of the share-
holders its this eompaay wan hold at the London Tavern this
afteroooo, Ur. T. A. MITCHEL!, M.P., in the chair.

The SECRZTAHT having romr the .motion convening the
meeting. . . . .

1;017:11.IBMAll dated that, notwitestanding the great in.
cream in the number of banks in ladle and the high rate of
looney in this country, the affairs of the bank had been very
prosperous. Lad year they had carriedover a balance of un-
divided profit amounting to 13,051/., and the profits
during the half year had been 6.1,022 f., equal to •
dividend of per cent. The duectors, however, proposed
to divide 15 per cast.—(chears)—and to carry over • balance
of 26,5411., ban anxious to keep up future dividends.
He was happy to may that the recent failures had only
affected them in the smallest degree. It was probable that
they would have to increase the capital to 1,00,000/. ; but
in the present state of the money market they preferred
waiting a little before they adopted that step. (Hear, hear.)
He concluded by proposing a dividend at the rate of 15
pee cent.
Mr. I'. BELL seconded the motioo.which was carried unani-
mously, and a cordial vote of thanks to the chairman and
directors coecluded the proceedings.