The Express.
London, England, 1849-04-27 00:00:00

tel of Mk, eempetay se fall a they ercialij idolise as the
impornmef ot the seftess6 1 bat an ,rustles of
the demikret the Awn 111.111161-
ties of it ought to hen been welled for ewe of the =neat
m2t2 zooid that he that perks k cake swim
enhotonetely the ttwdt k Oak Meth be
euesidered as the ,neat Nem wilt iberkessas if the
emitiony most be divided. Year eemattlM CtseM are, is
their own
gal
omit to pia .it, did Wiles the
appilatioe of tal to canine these hrbeen k
any mess • Illevavoinse Il its expendlinnel wYi
eireacedisiNuansaned the out drip seaway Wend • sew
ste6 whisk WIWI II I PI NEON
abledlik the Me of pea le die- risidrim-ee an eqeet
nem&
Bathowever disprepeetkoei to its yokels the sam already
aquas& cie the Ithe el railway Women omen this coespzit
yore isenualttee are way to report, that sonsiderable
tins to that sem mast yet be made qe it before the sepital
scum' mot be aloud, and the pukes for the mimes ext.
geodes of the eempay ma be meth to depend upon its cur-
test Imam ; as from a statement made to them by the
olsen silks compaay, it amass to erommittee that
the liabilities for interest due, work , and puehseee
rude, 'used the available Leek to the emend of about
500,000 i., but the mature oldie Mons presented to your
committee ea this branch of their inquiry, and the short
time left for invesdgatioa does they were presented, put it
out of their power to express a more definite opinion as to
the total meet.
Your sonamittee cannot refrain from wiling the
attention of the shareholders to the great Importance 7;111
part of the subject of this inquiry it refers es the exceed-
ingly umatisfectory manner in which amounts of such mag-
nitwits have bent treated, sod se it involves further and can-
tonal addition* to the capital of the company.
The present slate stein permanent way and the rale,
stock ha ore ltdm of gnat hawed to the
pro proptietary, Low
sulk es the espenes of keepiag it ia per order for the
Abeam working oldie railway will form such en important
Bees be the MU -yearly accounts, and upon its amount must,
WINN Masai, ftsibg the rate of dividend to be paid upon
the shame ibis assay.
The commithee have endeavoured to mortal* what is the
probable mimeo et ramerieg the permanent way and works,
sad, from the best miens. they sea obtain, it apples that
shoat 1001. per mile Per menet will
mebe
an
asseemey fier this
pupae, mmeollegle WOOL ea SIM The sessehttee
would est be =imaged to prieetheleg a dialled epees
as to the many oldie estimate, beg wadi fames *pea
liseprepleAsee that eatit ea allows's, mast lee thith aad est
spat le mbeli the value of the railway, sad that the re-
seam emM Is be charged with it. With tamest to the
Sire des &es and rolling desk, they tick it better
thee lathed* le kept up and renewed adulate earotags of
the sempeltheatkat any depredation fund *add be treated
As the jegime, as dee company have a very ostensive este-
bkhommt at SaMlbed, with workshop, umehlamy, and ap-
of kiwi% er the parse of repithig sai re.
their nem eadmilehges. The weer sad tem of
thig moth Is auseth sad maser, smiths charge spa
the mimes dwell be carreat eke.
The company poses a superabeadaat stock of locomotive
is various dates and unditions, a stemma of
amend (Appendix No. 6), and it will be ems by
rakes= he the lase hill-year's, amount, that a hip win
lies bum impended is remake mai rebtulding maim under
Se see sad maims asporlatenimse of Mr. Jobs Hunter.
• sielamene is she maned (Appeadi No. 7), amisg ik•
namber sal meths of the ons catilageo, w
Le The imesseing geode trallsisimmds an additio mote
inlbot of imame and a miskast ems about to be let for
pt rode wane, when this lavattgatioa took pleas.
It meet not be kegotteu that the gauge of this railway as at
ant laid down, was 5 feet, and that it was afterwards reduced
to the ordinary gauge of 4 feet 84 lathes, an alteration it
wades mach dump and destruction to a great amount of
miler stock, which will not again wear. The average
lemeamption of Doke es the Eastern Counties Railway, es
essepated with that of some other lines, appears to be lasv.
nk arises in a great measure from the quantity of heavy
pee carried upon it, and from the sleepers on some patine
of the railway being laid too far apart, s
defect which meg
be remedied, as opportunity may sour, by inserting midi-
tonal sleepers, so that the chairs may be placid nearer to-
gether end the bearings of the rails made shorter. The
rails vary in weight from 65 to 25 lbs. per yard, and are
generally in good condition. In the immediateneighbour-
hood of London, where the weer and tear, caused by stop-
ping and startingof heavy trains, has bee; considerable, the
rails have matted renewal, as has been already noticed, the
iron having been crushed and abraded by the aledge.like
action of the engines, which have been increased in weight
from 14 to 25 tons.
But perhaps the object of suet immediate interest under
this head of the report, is the true state of the working re-
count of the last hell-year. That astount, as presented to
the late general meetiog, exhibited a sum of 103,6111. 18s.
as the net profit of the half-year, but your committee regret
they cannot acquiesce in its correctness, payments to the
total amount of 92,3641. 14s. bd., which milt to have bees
defrayed from the current income having been put to the
debit of capital meant, which, if properly charged in the
books of the awry, would have diminished the balance of
the kW-yew to 6,8231.135. 7d. tio that the red result of the
half-year's trails account, ending 4th January, 1849, shows
that the balance remaining is too small for any dividend, and
mud be serried forward towards that of the next half-year.
The imam of which this 97,3641. condete, as furnished by Mr.
eater, are lb following :
wren • ampag &prawn. paid by lir. Mosely 89,043
lass muipe la date
- Ater
sale mthseisis
=salve immemsnt wax London and etratitrd 1
= 5,1111
liev, gym, mei splop ktthl
9sIMIMet easheemsets 9
If •eleasse,
ea ungreemdee espial, bond Maims, as. 7,13
Usseasaresigise. fen*" tidily horse bezel, Sc.

491,364
111.—THE FUTURE PROSPECTS.
1J stlaf this branch of report your ommasittee do not
propose to allude to what may be the probable dividends of
Goss yes, for calculations based upon assjoetare oan
bays no beneficial offset; bat knowing how entirel this ins.
period milted sort depend upon the future ads administration
of your sables, leer eseunittes de oats to offer to you
mene_preadesl reccesndattome yea this bead.
1. Ts essittee snot toe Ms s urge the
el siesimg the capital aceoust—he the s and
plinesn,ilsauit
'realist hdlity of Jasper tesalment el the seesnmel will
set be removed until Ills h der. Let steps be takon lase-
Mistily to settle all Slew et and ma tho owed), dad
Wise what portion of your Selig HAMS they may, do
yen Set apes it that your dirseleseshwald dose this most.
S. Iles Bsweet of directive hes alrnai bees putially re-
hoed to in this report, and the lOoe tares emsem-
mead that an early opportunity Said be stewed for re-
using sks to the sass& amber allowed by the act of
t, vis eight for the IseMea OsontS, and font kr
CUrrairthein EmMen. Ey this Sew _s latividaal
respeolbility would be soared. The esemitles would ill
dholimpp Sir duty, bower, if they did ass submit as their
dist so
honerous duties as the diseases -mould be
=rigs te slartake, and the time whisk they met de-
nies to the noise of the company, demand amore liberal
emoitat to be divided among thole, than hes hitherto been
=their disposal; for although there can be so doubt
gentlemen might be hand willing to undertake this
spyslaftect, yet the committee believe that the savvier of
I,,scru persons of commercial attainment cannot
seemed at
te resent payment, anis ulterior ob-
late were the we:slos
3. Tour essillas sesprth that provide' be made for the
diciest audit of the aceonsda. This ila Satter of the last
ip=el—it is evident that the ordinary mode et the ap-
t of these ells la net, nor will it oases
what h wanted. And the ehrobsideve would de will to east
lid=by upon NM Seestant el Saes, wham
should Okla murky he the hiththl dimberge of
Jett.
4. Tear committee wiles with regret the large amount of
; and they recommS that an early arrange-
mast isald be made to obtain the services of a competent
law
law les be desk, atM an eaansl stipend; sad that all the settled
s&
6. Two awaken reacssend that the speed of the
goods' Sets be illminithed, more eapesislly that of the
trains mayleg mak_ noes. and heavy &Skim TM peas.
poet of meat eta Si, Wilds mud of ewes be
sal mud hem aseikl kel.l kr
E.hiuTelrebiroey observe that, in thinr sir griedionl
the amber peasegwe sempasa market
degs ; sad they resommusd a radios et the time tables,
ass i a valustka d the aeadsor at the peemeger Miss is
Orme Maoists, shin tridllnaasl ememmedalks ea slot
dela la eassmesais el the papalisa Mom& India end
liseisealier maser la whkif the reselpt sail delivery of
mad maelleallse mast be fees the were-
Mies Wow the %Away theeels require to be
Mod mar Maws&
esee by power, saluk-
is* esmideselie siasades. This Solve
the smlliCsat 'of a hogs =abet of moo; but
aids* eleemillse me het prepared to re-
seamed a pot sr sedilsa woolen tothe samba of
the simmers slims eat aresele. to the 'skein sad
mew they meek,. yet they think Sam is rues for the te-
nsile if Julld MEM, Mesta detriment to public coo-
the oh end eldest working of the railway.
Vilek •sr lo
ommittes repeat their regret at being obliged to re-
pent se latellaitely as they have dm
to
* upon the very ise.
=S sal of the eepileL They tik sad they had
sa W
have lima able le lave eoeisedod le by beam the
sherekddem maks siatimsal of the espeedilme el the ca-
pitol as weal have ambled them form their iwa Mr.
neat. TM ea espemillesee ameadisr ever a gisdi et awe
theagli:pri I misesidag to armada of mins of
easy, see them die of
Mt would
be le them, Awn soil MI bees moat is Ike th-
valipallea Mike rommesesseaMs, and the dreserasams
earsselsd with them. TM asssaateals hal wader the di-
masa of the amanita esmosseal thM ishinieue work,
sadfl h arasetly mesoremded le the sheseholkes le deride ,
tit whet her been berth of so immerse a ameseor skald
be Anal, so that a softest lakathebset be laid beam
these OR the not as=4....diku
assadase Oa ham meshed math
esertesy sad kallay la the maenad= of ask Memo bus
the Amt dolmen ead other slitusion, sad emit sOmr
of the esesqsay.
U mathakat aa Mile lee' hang
thlridon7 island = bet whisk bee bees
at mimes dumb likem; sad maisty, pesram
miNm gra that they me unable is ley MMe you amen
selves report, bat they beret& It due to you sad thepo
selves to mmesemeat of yoar affairs Welly Mae.
bedlam oath thew as when the throstisa
sift is Mall Nairn tick lame
leemaelkas via those palmlike of dismolime
sail MOWS mosteay, mom width elate the ornately&
it. icsimmea are mate Is peeper, railway Mir wt
ft ail mime real vales tx vain it is knows ems