The Express.
London, England, 1862-08-06 00:00:00

GRAND STAND PLATE. One mile.

Ace°, Cie;;;;ii: eiViciiii;e;:E;Ograng Cce-
sternation, and Mary Stuart en bare.

BRIGHTON CUP. About two miles.
A thentone, Watchlire, and Piste are here.
Expected—Feu de Joie.
Asir/rm.—Fen de Joie, Knight et the Bath, and Mary
Ann.

ST. LEGER.
11 to 2 apt The Marquis (t)
11 to 2 Citraatactua (t)
8 to 1 Buokatoaa (t)
100 to 8 Csriabrook (t)
10D to 8 Exchequer (t)
20 to 1 Hurricane (t)
23 to 1 Naptanas (t)
100 to 3 haparatrioo (t)
25 to 1 t7olonel Townley's lot (t freely)

METROPOLITAN RAILWAY-(THIS DAY.)

The half-yearly meeting of the shareholders was
held at 1 o'clock, at the London Tavern ; Mr. W. A. Wn.-
IEI2IBON in the chair.

The report having been taken as read.
The CHAIRMAN moved its adoption. He commenced by
expressing regret at the delay in the openioizot the line,
rid he would be easily understood those who
were acquainted with all the difficulties which ad bean en-
countered. However, within the lest two or three days Mr.
Fowler had carried them through the line. (Chests.) As
regarded the necessity for more money, that arise partly
from the novelty of the undertaking, and partly from alte-
rations and extensions. The making of the line as origi-
nally proposed, he war happy to my, had not exceeded the
estimate. (Hear, hear.) When the line was commenced
no one expected the present number and character of sta.
tioos. The board felt that they must do everything in
their power to entice the public. Omnibuses ran
over the line almost the whole way, and
great efforts were required to compete with them. The
company had taken land which for the present added to their
burdens; but be believed it would ultimately prove re-
munerative. Owing to these various camas they required
300,0001. more, and they appealed to the rneetaag to gin
them the means of raising it.
Mr. PAHRON (deputy chairman) did not think any apology
was needed for asking for additional capital. Original
capital to the extent of 100,0001. had provided for works
not contemplated at the outset, and the shareholders were
now asked to replace it. The extension of the line to Smith-
field wee a matter of great importanos. The bargain with the
corporation was complete. There were negotiations with
the Great Western Railway Company the object of
which was to secure to that (the Great Wes-
tern) company more than half the substructure of
Smithfield ; and if they were successful the result would be
very beneficial to the Metropolitan Company. They had
surplus land of the value of 100,0001., and they had been
obliged to purchase 20 houses. in the vicinity of Baler-street
Station and 20 more in voinity of Goweretreet Station.
The line would be op on the let of October, and
almost everything was already paid for. (Cheers.)
The line had in fact been constructed under the
original estimate. Adverting to the contemplated exten-
sion to Moorgateatreet, he observed that there were other
parties who were prepared to meet them there by a line
running eastward. The Great Northern board considered
an extension of the Metropolitan line to Earl-street, Black-
friars, where it would meet the London, Chatham, and
Dover line, even more important than the extension
to Finsbury, sod that matter was under consideration.
If it had not been for the Fleet-ditch accident the opening
of the line would have taken place immediately after that
meeting. The immediate money damage from that disaster
was nothing compared I. the loss of time ; bat the matter
was one over which they had no coutrol. It was satisfactory
to know that one offset of this delay had been to plan
the Fleet-ditch in a state which secured them against an-
oident in future ; sod it was fortunate that the defects of
' that ditch were discovered before the line was opened for
traffic.

The report havirig beau adopted it was announced that the
line should be open on Saturday, the 30th inst., to the in-
spection of the proprietor, and that they would be invited
by circular.
The meeting was then made special, and a resolution was
passed authorisiog the raising of 300,0001. in 30,000 shares
of 10/. each, bearing a preferential dividend of 5 per cent.
per annum, 2/. 10e. to be paid on the 3lst of August and
the remainder by three equal instalment', there being an
interval of four months between each payment, the proprie.
tors to have the option of paying up at once in full.