The Express.
London, England, 1852-04-09 00:00:00

GREAT NORTHERN OF FRANCE.

A postal meeting, ordinary and extraordinary,
of the data old en of this complasy, tub phut em ester-
day. la Os Salle Ste. Cecile, SU de balbassef• rAndln,
Dula hum de Rothschild, doe president, is the
Tbe Ilellowiag directors were prescat—the Duke de Hat
Iles% th. Marquis Delon, M. Delcbecque' 11d. H
M. /11. Poooift, M. Joly de Beinmeville, M. Ad::,171;
St. Didier, M. Mallet, and M. Lehobe.
At haltput two o'clock, nearly 600 shareholders heft
present, entitled to 1,107 votes, and representing upwertbi
of 80,000 shares, the meeting was duly constituted.
, M. BRAUDE, in the name of the committee of sesoeste,
, then read • report on the accounts of 1660, wblth mew Is.
dared to be perfectly correct, and kept with the meat sem
pistons regularity.
The accounts were then pot to the vote, and adopted
aranituously.
M. PEREIRE next proceeded to read the repot t of the
board of directors. In cqnsequence of the a
, effected last year with the Boulogne Company,
of the concession of the lines at present worked by drs
, Northern Company expired at three different neriode—thift
, rif the main line to Calais and Dunkirk in 36 years and 6
mouths; of the line from Cecil to St. Quentin in 21 years
, and 9 months; and of the Boulogne line in 91 years sad 7
month'. In addition, • special chase empowered the
state, on certain conditions, to take back to itself each
of these lines after a delay of which not more than ten
or eleven years had now to run. This latter provision,
in the eyes of the best judges, aggravated considerably
the critical situation caused to the Northern Company,
by the extreme shortness of its concession. By the
new treaty, these two points had been most betides. ,1
torily disposed of, since the concession of all the lines is
to be for 99 years, and the clause allowing the state to take
back the lines was not to come Into effect before February,
1876, or in 21 year* hence. The treaty further sanctions
the amalgamation with the Boulogne line, and authorises
the Northern shares to he limited to 400 f., as the share-
holders so ardently desired. Finally, the government has
re-established at 3 per cent. (in place of 6 per cent. imposed
on the company after the revolution of February), the in-
terest to be paid by the company on the sums expended for
work. on the Tine at the charge of the company ; and this,
without capitalisation at the end of each year, as was re-
quired from the company after FeSruary. As the reim-
bursements to the state had for the last three years been
constantly effected by anticipation, there remained due by
the company em the 31st December last, only 16,538,600 f.
ofospitalosed 8,644,0103 f. of interest, or. in all, 25,082,6891.
It had beet, formerly stipulated that the company
should give four millions a year in payment of that debt,
but, by the new arrangement, it would have to pay only
2 millions a year. In adding to the 2.5,082,689 f., mentioned
above, the interest to become due until the reuyment of
the principal, the whole debt would 1110011 to 27,243,288 f.,
and all would be paid off by the end of 5. In return
for such advantages, the company to construct-
-Ist, in four years, a railway from St. Quentin to the Belgian
frontier by Maabeuge, 86 kilometres in length (63 English
mike); 2ndly, in four years, a branch line from Noyelle,
on the Botilop• lisse to the poet if St. Valery, 6 kitten. Mg

IMO& Who ia Writ By, Ia aix years, a Um Sidi to.
g•ther that titles with that of Ifeesseisamle, by Ell-
ssis and Le spirit& earlatles Stabs he Cam-
bray, the hag& SI Was (221 Vaall& miss); Na
• Amostim Ilao between the Na the
by lam and the
demllawlar asalids usellhe Mae ellowedhat
its emend* Sae yeas The report them enters at emed•
dere* length into an emesinatiom of tho adft=
likely to mows te the Gen the seamillea
railway miss by *s of thee new las Na; trl
then to amp OM dee Meal swim of the her Uses
is at A wiElesia, Saks et cash as • geoid ea.
ladivithedly mem memeees. Bat
as di sompany had aimed ea eseasay of bee maim la
the emstrueticm of die Me from Cron he EL Queeds
new
a raise* a/ east. as *Ms* of
new 16•8, it seaseimE thatl6 it • per
acid be ableWM le asooleuet
them a for hos df to IV .011 ms In eels to sew the
inter* sod elahles4ast of that capital, It iambi be
Meat lee the OM Ism to eV* • MUM IbitiiIIIIMIINSgt
21 peg asat., se 1.1106,11110 hams, sad to =LI
equal mum* the t Malle dett
=saw.p is all—motehely ss6 as astateopmet
earn of the Meads. arlhe maneelsa
weals be to redoes wean Mama *de sassyour Ai the
ealtia-fead, hen ;anima s• 10313113 nal
Me dto the redwedss of the bested to Ole illato=
to
of the 3 porp=aoNepdsosil is ammo* to moil& dr as**
n. I'M mem kept bedt e
161 E, sad 1 foer the deldtiv fend, dl te
5,6111.4110 fr. ; but Weida's' is the iris of 99 years he the
commies, the sinkiag-ileadilse these three yeses *OM net
to Masse thee a1t,7411 Omsequeatly, there remise
dispartio es the Melkinefted seem* a cum ef 6 MVOS
h. ; Vibes dot =llre dadmemil rim z
the to at
bras& Hass tel= Dualdekiatinteestia,
618,604 fr., dim would • total bah* et 4,113.8a4
fr., applicable to the eakilmeoeseet of the ems dao to the
state. As to the mess. of Interest ea the mid V
ealculated at 3pr amt., I Sopeurabee, WV, to
comber, 1861, it would, at that dads, glee a Mel et
8,544,089 fr. ; and, as sumo had he *dews on that r
count, up to Densmiser 31, 1910, te the =Nat of 7,771/Add
fr., there ressnimed to be set down to the MS of the week.
lag, Ise the yes 11/61, 766.434 fr. The whole debt to the
stall would be impletely liquidated by the peer 1866. Le
order to provide ways and means for the alletructies of
the new lines, the board proposed that the essting should
open to it a credit of sin ty millions, to be _ tor:
eeraively, as amodoe eight require. Thesem
at present only 26 millions, to meet the sperm er the first
two or three yams. " The ant issue," says the hoard,
" which we will make, in vistas of the credit while we oak
for, will consist of 76,000 &bosuns of 500 f. each. Them
debenture. will bear 15f. interest, sad will be reimissuille
at par 0000 by means 0(74 equal anneal mama% will
posed of the intend and mortgage fund. In fact, they will
be perfectly identical with those which we have already
created in plot" of the Boulogne shares. They will be
issued at the price of 3361., with right to the Interest of the
let Janasry last. The *seat is to be effected in anecie,
bet the subscribers will Ms die heaky of paying only ens
third M the semat of their owlemigelea, and of paying the
fersimiag lyrebirds at their es "mimes, in a delay not
goiag *mei J* 1, 1853, the immfatiu toreivug an inte-
rest sf Ism per seat. on the peyMto deferred. The
shareholders of the the pilfer's°. foe
the new &beatings rh..s will be nib* is payment
as cash the crams of *Mend and him' falling dm
on July 1; and the oedema delay of 16 11111•11115 accorded
to pay the last two lbinis will permit shareholders to apply
to the purpose the ISUPPPI due ea Jos 1 sad July 1, 1863.
The subscriphas der lb" sag dohollllolllll will be open from
April sto 25. By empties Na 41111 mount of the anti-
cipated employment whit.' yea may make of the coupons
of dividend falling due me the Ist of July neat, we will
write to the syndic of the me* de ohms, to have that
coupon detached forthwith at the semi Use that the 100 f.
which are now nominally quoted alma be resered." The
receipts of the line during the past year slew as augmenta-
tion over those of 18,50 to the efts* of 1,461,3161, without
including 1,168,247 C for the mead hallierr of the Bou-
logne receipts ; but, inclediegibme leas,, the augmenta-
tion would be 2,629,663 f. MOS the **to have thus
insured, the swam Moe bola Mused. This result
ilea to tha eadag praised y the esolgemo-
dm with w HlaN ms Has. TM rep* enters
into details with the Widdlig•ehowinp
that the whole of peed* suer thst of the
pareading yew is sat bus tbsa 4.1000 e, sad then
Religll" Oahe that tho wedges tar the year have been
h,011113 Iles., and dm *mem 9,210,1981. 23c., giving
a grow peat of 16,8116,8021 116 e. ; or, after all the charges
of interest, 'Ski* had, &a, were defrayed, 20f. a 'hare,
which, with the stun of 16f. per share paid for interest,
would give for the pm 1161. a share, or 9 per cent. on the
paid-up capital. TM abovementioned profit wm thus em-
ployed :—lntareat as the ha& due to the state, 765,4381.
; interest es the tiabastres delivered to the Boulogne
shareholder., KOK ; ISM* had he the seise deben-
tures, 311,750 f.; Mb fee the capital of the Nathan dess-
t= MANE Ws.; latmootes dartharasheres, dednedea
orb deb* kis* ea dimmable fends, 6,122,11 K.
44..1 *Mead of ISE per ohm he 1851 to the Nathan
sherehelders, 8,000,0001.; babas, for 1852, 192,112111.
62e.: making a grand total et 16,896,862 f. Ns.
The year 1852, the rep* mats, was also
u
most auspiciously, as the drat quarter showed an incr=
receipts amounting to 65.5,3291., of which 362,128 f. applied to
the Boulogne line, which the Northern Company did not
work at the same period last year. The report also states
that the sum allowed by the state for the injury done to the
line by the devastations of February, 1848, was 739,8891.,
which was allowed for by the government in the sums to be
paid to it by the company. The report then speaks of the
railway round Paris; of the propriety of increasing the
sum allowed to the railway discount bank to 400,000 f. ; and
concludes by stating that 11. Joly de Baromeville, the Duke
de Dalliers, M. Adam, M. E. rereire, and M. Dolebecque
were designated by lot as the outgoing directors, but capable
of being re-elected.
The report was adopted unanimously. The an outgoing were then re-elected, and a vote of thanks e
od
to the board of directors. The meeting they separated.

RAISING OP THE CHEPSTOW RAILWAY TUBE.--
CHEPSTOW, TMOUDAY ETINIMO.—AItes two postpone-
ments the importaat ornate of hosting the tubs to its posi-
ng. between the pion has been accomplished to.day with
the mesa somplote mem At a quarter to nine o'clock
IhY wenidog the ennui= of hosting commenced. Amos( '
than moo the tube, or who witnessed the experimeat, wen
lewd When, 11.1'., Earl Cadman, General Feeley, late a
government iaspootor of railways, Capt. Claxton, R.N.,
anew, of the Great Britain, Mr. Appold, the patentee
of the real eestrifugal pump exhibited at the Crystal
Palms, Mr. Chu. Saunders, secretary to the Great
West/an Railway Compaay, and several of the direc-
tors, Yr. E. Clarke, Mr. F. Clarke, sad most of the
directors of the South Wale. Gemitm, Mr Wool-
combo, chairman of the South Doves Rails ay, Rojo,
Bulkeley, chairman of the Wisher Railway, Mr.
Grawell, Mr. C. Ow*, sod a kip Dust*
*IL o1;1.
Breed's It should be eqiised that the bl 4 1
when elmobted, will be 41311 ant ki iseek. end of Ise;
*ewe G. ewe of Obi* *hoes 11l het ink the simple
piked* if ersepattler the aka* ea wideb the railway
*II mist es be miepted, bat ea the third spas
hat),
•99 rePiee mappens, the girders at
sash the aupskisis peineiple is also introduced, and,
hr thk peeping. Oil tabs, 309 feet in length, and 9 feet is
diemeter, hie bees eleitrested. The looting of this tubs
Ilan the then to has Mt position was the operation of to-
Tbis oromeonsed at a quarter to nine o'clock,
was Without bitch or hindrance exactly in
an bow. It WY IMO& an iron pontoons, constructed
amidst the espinklea of Captain Claxton, and on reach-
ing ies &Weak* a few feet above high water
mark obese b was made hat to a platform
Owl vesehe it, the consummation of the en.
perk** ram aeweented by the irkg of cacaos, sad
the @atheism* ohms K the *Anse mad the apsetators,
who bed megiewiled him all pins es the Alb eat shins
of the tier.- At the ems meemet the bolo et
church me oat a many peel, mad "ewes* to at=
Wales Railway" was drunk by those ea the rep of the tubs
in bumpers of *amp** The experiniet was a mom
successful ow. Tap. Who sow gradually drawn and pro-
pelled epee the poems by prionlid asbe, and the pon-
toon. beim kept is a direstilso mem the river by powerful
@Wei mama* to moadeps hallo up wed down the river,
the tabs wee gruinelly balm amen is its hist position, a
few kis above bisit wefts meek. Re*, the t,de having
ebbed is, it used mi the *Om popeyed for it, and
the pi nee rommed 1 the tube oinakien ester e sue-
The one* speed* ORM* the lobe, each end
its t 0.., te mem* path** • kr*** She railway
was comeammed way is tin elleniese, reed wee making
satisfactory whoa ow wren wee dimpstsked by
the last a.aiYMr WA'. lilt be MIN Owe sets of
chain UAW Mak am emplermL The lowite parts of
there *Mee en et lima kn.** kind te bow a weight
of 80 tow without injury. Them *aim este* diem a
timber framing at the top of the east Ike, HO has abeni
the railway level, mud are wed* by *see double "item" I
of great power, twelve mm **oh emb. Gnat credit is
given to the principal knew* be when meek of this
cult and important week has ben setnetid. Use *eldest
and that not of a serious satire, ovessereg. A aws tell
from the top of some scaffolding hoe the river, bat was
rescued by some of the boalson who were waiting below
for casualties.
EXPORTS AND IMPORTS (CoLONlES).—Yesterday
a return to parliament of considerable dimensions, which
had been procured by Sir William Molusworth, was printed,
showing the exports to, and imports from, the British colo-
aim It appears that in 1846 the declared value of British
and Irish produce and manufactures exported from the
United Kingdom to the colonies and dependencies was
17,393,2201. ; in 1841, 15,919,9781. ; in 1818 13,091,4831.;
121849, 16,607,71 M ; and in 1850, 19,432,661 k