The Express.
London, England, 1855-09-29 00:00:00

NEW GRANADA COMPANY.

reader it a remunerative tioneern ; bat the directors Doped
sad trusted that they would be able to do so. They
had sustained, at the beglatitag, great disadvantages from
the Sr. at Mr. Scott Russell's yard, and from the
death of their sollesgue, Mr. Geed, who** energy
Dad, more this anything else, promoted the undertokicg.
The credit of the company was involved in finishing the
ship, end that must be the directors' envie for being obliged
to make such frequent calls, and to so large an amount.
Unfortunately, the default of some shareholders entailed a
heavier responsibility upon thaws who did fulfil their Odle
',Wong. It was, therefore, the duty of the directors to
compel the paymt at of the arrears of calls; and they had no
doubt of being able to do so. They had given stringent
orders to the solicitors to proceed against such parties neat
term, aid hoped it would not be felt as a grievance by those
who were in sneer, towards whom as much courtesy had
been shown as the directors could afford. He moved the
adoption of the report.
In reply to a question it was stated that the solvent
of calls now amounted to about 90,0001., the
amount which bad been actually paid up being upward* of
360,0001 and, the directors quite eaperited t• wbielelt
recover Hai 90,0001. 'The mill lett made Wm this eighth
call, and they did not mean, at present, to take legal pro-
eeediags against those who were in arrow for this last call,
bat only against those who had not yet paid the seventh
call.

~With regard to the time when the ship would be
hmusehed,

Mr. Butnem. declined to promise anything more than
that it should be dons within a year from this tMii; and
The CIAIRMAN added that he should be very greatly
disappointed it it were not launched next summer; it
ought to be done by nest March.
The report was then adopted, and with a vote of thanks
to the chairman and directors the meeting ended.

A meeting of the shareholders in this company was
held yesterdsy at their crises, Adam's 'curt, Old Broad-
street, Mr. CHIALIS JOHNSON in the chair.
The CH•IitYLN said the MISHIT was d at the
request of the shareholders who attended at the last. meet-
ing, in order that the directors might afford to them every
information they could as to the proceedings of the past
six months. The directors had therefore prepared a report,
which he called aeon the secretary to read.
The SICIIZTART then read the report, which eontained
the following statements:
Tb• result of the operations daring the sic months end-
ing the 30th June last, which have reference to the revenue
accounts of the company, are as follows :
_ _ _

" Frontino Mine -Rrlurse from tat January to 30th of
Jose, 1865, inclusive, via.:-.Gold dust sold in Loodou,
4,6841. 10s. 3d. ; inc..... in the stock of floe ors since 31st
of Detembor, MI, 9071. Is. Bd. ; less decrease of
rough ore, 4161. 13.. 46.-4901. Bs. 4d. Total, 6,1741.
74.-Coat, 3,4631. 15s. 16. Balance, 1,7111. 3s. 66.
" Bohai' Wm.-Returns from Ist January to 30th June,
1865, inclusive, viz.:-Gold dust sold in LAidon' 3,1681.
52. 64.; velum of rouge ore on hand, 30th June, 4031 6s. Bd.•
-3,6691 12s. 2d. ; coat, 1,9271. 12s. 7d. ; balance, 1,6411.
19.. 76. ;-3,3631. 3s. Id. Balance of interest account, 1711.
19.. 3d.; profit upon ypld purchases, 191. 12s. 86. ; press
profit. 3,5441. 15s. Deduct-Expenses in Medellin, 7811.
Ils. 106.; London office eapeossr, 503/. ls.; -1,2641.
12a. 10d. Net profit for the halt-year, 2,2801. 2a. 2d.
- - -

"From these figures the shareholders will have the sada-
faction of seeing that the company's work., completed
up ti the present time, having at length been put
into regular working order, are new yielding a de-
aired excess of income over expenditure. It may
fairly be expected that the results of the next ball-year,
by the gradual completion of the works now in pregrees at
Fronde°, and the improved working of thou already in
operation, will be coroiderably more favourable. Beindeloabe
expenditure incurred in working the mines as shown abbe',
a sum of 1,618 13.. 3d. has been laid oat in improvenatits
and extensions at Fronds°, with the object of augmenting
the future returns. Of taws works the chief ie thump-
platioa of another mill. The profitable results attending
the crashing of the remains of ores by one of the old milk
made it appear desirable that this branch of the company's
operations should be extended, and with that object the
directon sanctioned the construction of an additional mill
of twelve stampheade, which hue recently been completed
end is now getting fairly to work. Of the other improve-
meta in progress at Fronde°, the directors would particu-
larly refer to the watercourse for increasing the supply of
water to the mill., and rendering it constant, and to the
roads end waggons, constructed to facilitate the carriage of
the mineral from the mine to the crushing mills, which
will eventually be the means of a very cossidereble
saving in the present heavy item of expanse of carriage.
The whole of the works now in progress at Fronde° will,
the directors trust, be shortly completed, and the capabi-
lities of that mine be more clearly known ; alter which no
farther extensions will be carried out for some time, as the
directors consider it desirable to give the present aeries of
works a fair trial, and see, from the results, whether it
would be advantageous to extend them. In the ordinary
mine workings, the pried-pal feats,. to be noticed is the
increase now visible in the returns from Bolivis, justify's.;
the expectations formed by the directors as to the value of
this mine to the company. The Fronde° workings call for
no particular remark, but in the local management hi the
mime *renderable changes are being effected in order to
reduce the current expenditure, which the directors hope
to us eccomplisLed. Mr. Whiteford having retired at the
expiration of his term of engagement from the management
of the company's mines, by been succeeded by Mr. Robert
Fairbairn, of Liverpool, who from hie good testimonials of
ability appeared to the directors well qualified for the office
of superintendent."
The report was adopted unanimously.

tory
" Ths shareholders will remember that at their fourth
1 general mooting, held in February last, the direc-
tors reported that the vassal was in rapid course of construc-
tion, and arrangements made with the contractors to com-
plate her at the earliest period possible. Your die., clots
have now only to report that then measures have since been
steadily progressing, sod that the subsequent progress in
cionetruction of the ship and engines hes been satisfactory, as
will appear from the following report of their 'ruiner :
' 18, Duke-street, Westminster, &pt. 26, 18.56.-6so-
tlemon,—l am happy to say that my anticipations
at the period of year lost annual general meeting
have been realised, end that we have proceeded
at • more rapid rate In the construction of the ship ; and
that this rats of progress is likely to be still further in-
creased, at all events until the winter season and the very
short days may interfere with it. The whole of the middle
body of the ship is in a forward state, and I hope within a
fortnight from the present time, in compliance with your
instructions, to begin laying the decks of the centre com-
portment, sad fitting up ono division with cabins, and other
details, so as to afford • good practical mews of trying and
determining the most eirraossioal and the moot 'Mein&
mode of fitting up the whole vessel. The designs of the
wow and paddles have been finally determined upon and
the work patio band. The engines of both makers are in
a forward state, and I expect soon to begin fining
of the boilers in place, and the sleepers and
are now being prepared la the ship to receive the engines.
The general design of the masts and rigging which has been
thought most fitting fur such • vessel has been finally deter-
mined upon, and atter the model which you have ordered
has been made, and the whole well considered aid settled in
detail, we shall be ready to enter into contracts for the
execution of this part of the work. The works necessary
for this launching of the ship will shortly be cosonienoed.
After more than a year's consideration, the plan originally
determined upon appears, in every respect, to promise the
most satisfactory result. I referred to it in detail in my
last half-yearly report; on that occasion 1 mentioned one or
two CUM in which a somewhat similar mode of launching
LONDONDERRY AND ENNISKILLEN RAIL- bad been adopted in England, but not for large steamers.
WAY. The publication of that report hes afforded a gratifying
This belf-yearLy steeling of shoreboldm was bold proof of the interest which betaken in this work in America,
and the disposition in that quarter to afford every assistance,
yeeterdey at the cMces in Colunan-strest-buildings, Mr. J. as. within a few weeks of the circulation of my report, and
CLAY in the chair.
Buffalo, i f
report stated, that after allowing for the dividend dived as quickly as the post could rears any notice a
the of it, I re-
Thedeclared in March last, and for interest on the gnd communications leas United States,
and ordinary debenture loans, there only remains at credit
eat encouraging me in adopting that mode of hunching, as the
of profit and lon the insignificant balsam which appears in one already adopted, and proved in practice to be the lust,
for the large steamers built in that neighbourhood, and
the accounts of 661. Your directors deeply regret, in cam- giving me details as to the mode of proceeding and the re-
ran with yourselves, the Wei of income consequent on this e„tiins used. I on snows, to take the occasion of ea-
failure of dividend for the past half-year ; but they are pressing my thanks to my correspondent, Mr. Bull, and of
gratified in being able to were you that from that point acknowledging the American claim to priority. Such being
the position of the company he. steadily improved. The the forward state of our works, I think it would be
average weekly tree% for the Jane half-year was 6191. very desirable that no time should be lost in seeking
2s. 4d. For the eleven weeks of the current half ear, up for men competent to undertake the command of
to the 15th instant, the weekly average is 6661. 3s. 10d. such • ship, a.d probably also for engineers to whom
From the evidence of what has been done up to this time, then, the largest engines yet made, an to be entrusted.
your directors feel justified in stating that when the Doom-
Dor awaits come before you there will be found • material good
the commander of such a ship, we want not merely a
good 'semen, but • man capable of apprehending and sp-
laying in working expenses. The magnetics telegraph predating the new and peculiar powers which seen • ma-
il completed, and is operation over the whole line, chine will place at his disposal; end he must be ono who,
which adds much to the safety and facility of working. while he will king his mentanahip and his experience to his
The lino of the Dundalk and Enniskillen Company has re- aid, must ha able and willing to apply his mind to the eons
costly been extended from Rallying to Newblisa, thereby
sidoration of the beet means of working that which may be
much facilitating travelling betweinamdonderry and Dab. considered rather es a as. and powerful machine than
Hu A new steamer, interacted to pl betwixt Embank's., merely as • ship. The public announcement of your being
Belleek, and Beiltnibit, km bean p on Lough Braes prepared to consider this subject will, no doubt, lead to corn-
and must wits in bdullbril more Woolf into C4'28.11" munuations from some of the many able men who, I trust
with your railway the anstry lying sloes the shone of and believe, would not be otherwise than ambitious
thane's*. A sassed Has of stamen km commenced to to take the lead in what may be considered almost
trod, between Loodooderry and Glasgow; and your diree a sew system m navigation —I ate, [oedema, your
We an PIMA Oa leers that the felted and 81" i powerful obedient servant, I. H. Ballow- —To the Dine-
NMI Si SIM Lemihmoinry Biome host Company, which for tore of the Eastern Steam Navigation Company:
',Magi menthe poet has been chartered by the French The rapidity with which the works are aow proceeding has
governmest, Is eegg.ln about to be placed upon the station rendered it Dexterity for your directors to oserciat the powers
between I.aedeadervy and Liverpool. Is February feet an with which they are invested in making calls fur • salciiiiat THE EPISCDIPAL CUURCHL 01, SCORLAND.— Sir
arrangement with the Postesseter.Geoersl amebic opus- amount to meet their eogagemonts with the contractors,
..,, William Dunbar, who seine roars ego was exisommunsiatod
Berry. .14TNcrgovielyaantiontesoafi: datayprogrossmail froirryOwhishmalilsWelminliaact.a.d the
b-
an
an." on
6 part - - sea
the proprietors, which sod who defeated the Primus in the civil courts, having
Pat-ofilcs authorities meet the goomay esposased esquire- is uesetisfestory in itself, but which is a matter attributable sometime ago resigned his inenzabancy at St. Paul's, Aber-
meets of the country, 804 0,18.1141kr omelomerWelble coca- to the peculiar circumstances of the times. Your directors
lath.' have to regret
dies, and returned to England.
with a view to take Bog-
pany foe the service, night sad day millmanammehjaellm will have felt it unwary, in justices to the large sambas of BA preferment. has been cowed institution until the pros
bi,.9114M1T" both war between 3/relereampubilli sharsholden who have responded to the calls promptly, to ass of Bishop Skinner eh Jul& be withdrawn. Is consequence
a" _.._th• whole line from Lowdummin, .m_rmwwwww_s_ .___lFill• Mein that so further delay should take place to payment of this he applied to the College of Bishops is Scotland, with
0 4'.• great convenience um alma' m rw• Immumlom a ':ae arras, and hays therefore instructed their solicitors
of the district, be Elude available gas lumPollee 161,118.1. ttl take proondiogs for enforcing immediate payment against
having seceded hot% the Scotch Epiuopal Church," when-
This meeting will agreeably to the modes. be mete spooksh ea panto whose sane may be is &near at the °MUDS of awn Bishop Skinner has, with the unanimous consent of
Mr the tarries °T obtaining 704,11•1112. ille las .7;1155 the litw courts, which take, place about the middle of next hVg-ha.ds orated him ammii,imi._ weer*, Daily mad.
of am bocrowWg novae of the Ant 01 I NW, the kit mastio. a formal expression of his sorrow and contrition "for
[Advatuismeot.]--HoLLOWAY'S OINTMENT AND
Wean rue dhectme have gives Oaleadar &Maths le The CHAIRMAN observed that, although the magnitude _
L.... _ cmv. - . yimeromm.._-- . aemmto:a4s
eeeemoo gate Chews eaa
amagementh A Vialublati,_ liquidation It 1i:61)1116m et the sad washy of this undertaking had, when it was first ,Tf' ~aismabes. ;
howLigt: of i=us,:m.uustasa.4l.l. slew Zrisratssortuct
company, "- are '' '°`-a---""' to report that is bells Gummed Immo eseiteiliesie led appealed Mr" 07 t° In way, itot Yea s, lot. that Hr. I. Meas, lirmr, la the parish of
title reopen soon iseptevetaest has WA, effected. The de- us tat'asmatioes a mosiderubis time must necessarily elapse mar. ere eetril More er death al kis "ablal**bereby be re.
rebenar: Pe.ltra.,__,.....sbe" nkri".____ to w_13___,...,480 is "la. mulaula beim toe direettos could give en account of it perfrdty mom sows we were Inman. and from gidi awkward appear.
- -a--1-.1.- -te ''''' `""""*""Mr• :Wuoo '-. Pememo oiler satkessfinry to themselves sod their shareholders. /my south= was nod...kiss la dem to hsals
--.17 -.... company still mien
_;bat they wineletlb= rete meat .street the oeschiseg podium sod toofider„oe of the the Mit °°Mmt elt". 'II° MMI "UM 11.1.111"tratlat "I
1!.`". you that until the telmie of the capital so by shersholdere, and uothilag should be P:h u:otess to cos- gm, isi. ‘wk.. la awl mom um. "mob healed „wl
~de Act of 1864 has been takes up 'great embarrassments paste this great work, mule when it should ho ocentiten
te i wamea.—Odi lay off sabres vorioces sal at Prokmor Hollow?*
Whet exist, and the company cannot be fully relieved IN. reader it usafel and profitable. at was diSeult, eellreet NMAYAlhaehhAteee itteall, loodeos Ind et Ed, HeAder:llele New
the serious disadvsotop of debt. They would Biala ea- to amettsig in whet degree lb 'y would be able kusafter IS Tall.

c

z

ittlp ,
c 4.4;
r6' .
Mr
S :4 11
rOPENCE.
leen% ; but the directors Doped
old be able to do so. They
ring, great disadvantages from
Lumen yard, and tram the
, Kt. Geacb, who*, energy Il
se, promoted the undertaking.
rat involved in finishing the
sectors' itemise for being obliged
and to so large an amount.
if some shareholders entailed a
tows who did fulfil their Odle
1., the duty of the directors to
'rears of calls; and they Led no
so. They had given stringent
rooeed against such parties neat
it be felt as a grievance by those
whom as much courtesy had
could afford. lie moved the
t was stated that the solvent
rooted to &boat 90,0001., the
sally paid up blimp upward* of
o quits eapeeteri tw lie "Wel*
mill lett made eras thi eighth
at present, to take legal gro-
wers in arrear for this la.* call,
o had not yet paid the seventh
into when the ship would be
promise anything more than
in a year from this timi; end
that he should be very greatly
lot launched next summer; it
arch.
pted, and with a vote of thanks
re the meeting ended.
ADA COMPANY.
'holders in this company was
sits, Adam's 'curt, Old Broad-
sox in the chair.
meeting wee d at the
who attended at the last. meet-
ACM might afford to them every
to the proceedings of the past
had therefore prepared a report,
limitary to read.
iad the report, which contained
lions dating the sin months end- •1
eh have reference to the revenue
ire ea follows :
sae from lit January to 30th of
:—Gold dust sold in Londoci,
in the stock of fine ore since 31st
71. Is. Bd. ; less decrease of
L-4901. Be. 44. Total, 6,1741.
is. to. Balance, 1,7111. 3s. Bd.
is from let January to 30th June,
Id dust sold in LAidon, 3,1861.
f 1011 14. a.l .

TTTT T.