The Express.
London, England, 1847-11-29 00:00:00

RAILWAY NEWS.

On Saturday a good deal of business was done, but
prices were generally in favour of buyers. The
winding-up of the affairs of the parties who have
failed caused some obstruction to the course of regular
business.
MEETING.—LONDON AND SOUTH WISTERtf.— Spe-
nal General M•aief.—Loados, Nov. 17.—Mr. J. M. Chaplin in the
ehalr.-7b siestlng was areerseely alteaded. The direetent is.
port, read by the sesseliey, add net rib deed added we
called kw dr weans; essibledei eel &Whig ca the 111111111111116/
the Is dr eed deka piedreet. The hed here
hushed sea•De sassistwat dab peturrnt
rests din redery. sad heseareble padtware di Ye app.
meant be the pail& Mellen hell led pehlisbed, and °Oar ree-
SWIG WNW Plaid 1.0101.841 in the ere eters
s. ho aad Yeovil lira awl the Venter, Yeovil, and Don
duster Oorepany had taken inlet age es to de Sir
from Yeovil to Exeter, both bakeeaemeat 1M OM.
;waded tills of last radon. Peter seder had dr bra
gives lar the retateedostioe ot the WI be ar vying his east the
agresewit at Ices Weed rid sea the llnr die llettwey
and Doek &mem. 'its la de a Inset Nee her the
&damped Derdreer lemiterey hot
era" was aim le to pmeassilid lee sew 18==e, et
in extrudes imam was iffiledisdl. Irma It lad Ist
tees thoustd aspedbet le de Needham warm a dart Pretlea dee
(two mins) hernia the bead at de Yowill sod Nast" lre and
the unities Exeter rid Order trifereq, by seer et aria reel
work the Narrow deep dud Lbw Se Sags leseM le=
into lasediats 001•1121011 rid dr =hike =near
sad
line, art ever it rid the ends red et magi by mere d
the lbw VW Raw/ eel lts hear. d
eed en the eon.
ewer et the arreedreate daft reds NB Is the Taw Vale sad
barer sad Cliellisalere thearrieyweedd parrs continuous line
lama Leads sed the add Olga eared upward. d toddles in
letseth, end wadi Yee mere a Ira eddeereses position with d-
eride is re Detre eddies by medal Deed to Piped* ea
ijonswelL le the Mere Made es rear et two tads tree the
presort Moire der err r Iledd hoiden awed .bleak. Ned
the seeffeery rides W bee Ore by be Mleder. Mire. seat
dads Warn deeded. leeder Wein led pled of se
de yer perm le eldest the =lee et de
pas eee aideels daelekley; de akhort
the eamesiee wtth deem esslptka Sp.
pry
preideese,, Ned dr albedo, mud esedery aims-
tier Irdimplowninli loft aslkerlsed weed et the es‘,, at
oede=mtOsimailear reelmerth), seer Ladd at
the sed at rode The works as
reospitalatell WO We whisk the Arnim' submitted far
preeeceeee the dere deem Led year the milder
tors. lbw zsdpgakts du mails= and ula the
pwards
of nec.albal, as ilsedindis of it
oz of limas least beiwy. eery eretuti
dray reed pert asly vie. it as led het
eades.
in MN ides re de Whaler seat edger Iret ad as
wears edeedien Per dr pee et dr prod redie.
toe relent dee It sere brim roam, sat
spied" wey der les Om de nerdeir. et the
Rode Meat 6118111111 M thi wafted el Imams
and reiotteree. the allreited eaddate %dem delhildep end
Freer kid hem wayeesalteadd Wired, at
the Wet ireurt
...my se ke sided Pr the eserry, 1. left le wadi dealtdr
the sered remess .lore irdinsl. weld be rdetabd aselee
meegied=l=erthea batiks eedisped at thereedei et rev.
wee es
siitleireey. The espeeteurhde
am htlease:—." The ere awn dtherweeediddy asp
mere kareeresedadd ere et thleemesid, het day
del Vireeto7 dreed deill de penemot Weems d lappla,
woad be big gewM byllyareppipTiessametthre mormi

Sum
arm

ITN Arm
Nag!.

The standing orders of parliament requiring 10 per emL to be de-
...lied, the directors accordingly propose the present payment of
11. 13s. 4d. per share, and as they cannot but be or= that this pay-
ment is called for at a time of great ptheerure, they terrommeed a mere
than ordinary rate of remuneration in respect of it, els., 7 per nest I
per'annum, to be ferment= as a preferential dividend; the entire
=aunt of deposit to be returned without deduction and with interest
at the same rate in coethe company shoed not acquire in the year
1910 power to raise any further capital. The cause which appear to
the directors to justify this rate of remuneration In enpect of the
deposit do not apply to the remaining oronents on the intended
M
shares, h-cause the directors propose that Untended
eel
beyond the deposit should be made teßne the lot July 1649
before which time it must be anticipated that the money market will
have resumed its ordinary condition. On the remainder of each "are
the directors, therefore, propose that a prekrentlal dividend of 51.
per cent. per annum should be payable; and further, that each pro-
prietor should have the option at the end of six years either of =-
tinning in receipt of the above-mentioned preferential paynsenta, or
of merging his share In the general shoe capital of the company,
and of receiving dividends rateabry with the general body of pen-
prietors. if all the objecta for when it is now proposed to apply to
parliament should be sanctioned ie ISO, the i ew shares wand be M
the fall amount of 161. 13e. 4.1. each, and of such less amount in care
such objects should be only =tinily authorised as parliament should
approve; nut of whatever amount each soon "are Amid ultimately
be, the preferential dividend of 7 per cent., payable in respect of the
flog deposit of 1/. 13e. 4d. on each share, would still be
paid.. This =ewe, in the judgment of the directors, make.
adequate provision for the remuneration of that part of the new
capital which must be paid at • tins. of pressure, whilst It avoids
Lang on the present proprietary a permamont harden beyond
that rendered necersary by the temporary financial difficulties
Masa country; and, therefore, aftereareul deliberation, the directors
recommend it to the adoption of the proprietors Since this report
was undo the oonsideration of the directors the con eminent have
recommended the appointment of a committee to inquire and report
what Ms shall be allowed to proceed In the moot session. Having re.
raid tothe enormous expense which has been incurred in the western
dieriet in the two bet sena= of parliament, in contests Mane= us.
paralleled duration, all which would be literally thrown away U the
suspended bilis were not premined to proceed, and bearing in mind
alao, that already tbe landowners aed I=ests—to say nothing
of the railway proprietors—have been keptl inter
in doubt and uncertainty
au to thew Hare for three yeses, the directors cannot doubt that the
committee will report in favour of the prosecution of the Salisbury
and Exeter bills. It I. obvious, that the name restriction upon the
employment of further capital on railways (if deemed desirable) can '
be an well enforced by an enactment postponing the execution of the
work., as by interference to prevent the settlementequestions of suds
vital interests to thine concerned. In the propriety of a= an enact-
ment the directors would gladly eaquies" and in truth they hare I
indicated their feeling on that branch of the subject in their recom. 1
leendation that no call should be made an the prove= new capital i
before lot July, 1940."
The Chairman then gave a huranous account of the various projects
el the company, their value. and the necessity of losing no time in '
C=ing with them, notwithstanding the disadvantageous state of
ey market. Alluding to the present position of the company,
be said : Al regards our York-read station, we have found the means
a resift pressenting our works, and I feel confident that before the
ekes of the next half-year—l mean before the 30th ofJune—we shall
lave that extension really open. Our Chertney branch will
be opened about the some time. Our Salisbury line will
be In full wort, and our extension from Farnham also '
opened, giving us a direct communication with Costroo, and a
with Brighton, Portsmouth, and other Pet. of the booth p
semi Taking, therefore, an impartial and bushAne-like view of the n
prompees of the company, I cis see no reason to dement.. Our Dor- i
cheater line has been recently opened, but not under the most favour- r
able auspice", is tunnel having unfortunately fallen in through a de. It
[alive sewer. Our Salisbury line too was opened under equally 31
Orfatunate circumstances. a slip having taken place in the hank. 17
The Bestirred= and nalipbory line be. cost us 233,1071., and the pro- H
game, with all the disadvantage. under which we laboured for the tine g
eight months ending on the 30th October, was 141617., end If we I
deduct 40 per cent. for working expense', which, seeing that the line 7
le worked with the calf of the London and South-Weatern Company, 31
Houma be no doubt is sufficient, it would give us a return °M. 16a. . It
persemem. It is true it will be mid that tins woe king wasduring the bent 3(
mete em he at is equally true that we have been working under ad. '1
WNW iiimmemsers, and that the trek of • line is never at first fully
dmelepli Tea with reenact to the Southampton and Dorchester •
he. It braise us 804,3321., and there had been earned in the first
the moadm netwitheranding it. being but a single line, and the des- I
advantage of having bad for some time to work a portion by mai-
bere, 17,910., which after deducting 40 per cent. for working ex.
pewee, as in the previous.= will leave us a profit upon the outlay
of 41. 3s. per cent pc- aemma: Now under any circumstances, there
retorts will cover the geeeantees upon thine lines, even if these is no
improvement in their .re. On the Richmond line also. we rave
earned in the last Mx =eft 15,2341., which again, chewing 40 per
cent. far working •ionle, leaves a profit of Id. 4a. per cent. Thum
upon tbs llishopashe MI Withey, and the Southampton and Des-
oto*" no lons ma be wed, and we twai, expect • reamaable
dividend. eve • U n drat* act be equal to that pad upon the parent
line. he if they de set do no, it must be meeMetted debt they base
not NM the raw tercet of mosey. 1M he Yaw Iles we have to
acklitheml miles of railway, by the Illsolhemslon he Dmilloner 82
nine, :I
as the Mimed az; sal Mb ilea lie lewd Yet the
premeds re •Maam ma id is IMMO to what mi limb=
in the of resthism ea ether pear ef he line, at as, he
theme= to made eatheamdat et theme lines with ear sese.
pear Math MEd athinesdpnim Is Om parrot line, by the lesenemet
traMebraegilliplhenalumegeelenitear it. When. too, we Stow
the castes Minn meths* Im mthethlendis Opening of our Tort-NM
Estemica, the we apeally We we get the Richmond and
Staines traffic, Web I onesse we ill du by next June, I feel
assured that we ebb be NNW to asbetabi your poi opinion, and
give you a rementhla apt pow Macleod for your outlay.
Mr. Clarkson sena sul~ ehe lines beyond Exeter were on the
narrow 1-111se Chelsea replied that the South Devon from
fleeter to flymoatb Will WI the broad gauge. All the others were
held in =pre. —Mr. Mem complained that the capital for the
Western Relionlion MOM Iletll increased from 1,500,000/. since
lento 1641 to 7.6BBkpak without the manually of the sharebokiers.
—Mr. that it
shad been originally in= led to have
1 only taken • p=eitithseepital of the Exeter and Yeovil line with
• the Rester a
nal Theallbapeay hu it had afterwsts lima remotest
1 bi. litmmllti=egthli Month W.A.'S els Dim beehis
1 tbe lineMee sem ban& ladetusdemet lin 11.1111,JMIL
Ima intended he emlly kr am mama ham bot tor Wthesor ea-
tendon to Sons% allselt. Ilem between the Thal ad lise-
ter, and Muter he as the improviser= le lie
works el Om mem r M °War, LralLehlAt
tee.—issaws to bake erilms Mr. Hoy"
man sad Mot he linnemmt wick Laudon he MOSE
Company would he be Imineht breteel se the awe seer
mo, at it wee not Minnie to Me a Italleasea hr Os beht-
fore and Chicbester I= liesseeleh—lbe Cholera barbs Mal
a resolution Inc the ~Ns ebbe weft. amid WM he.
Mr. Hoyee said he Illt_ll, Se Wag OD IMNIMNIMIL In
..aiim
1645, the =Doan loi igilegft NS ISSN 11070;
rode a non to reeve. so they wad be hr Wes
tt aft wet y. lie (Mr. Home) east thet
to the F icier Dan" whisk has Mr.
that It woad he ewe. to wee* pellets.
the abebee of Web swab be to dm thadesthste foures
livtle=lirbeMAt:fP= tZ:C."•.II.,Tiu„,-,
iewwwilLallo* wipiallEwil lle parable
he b Mabry, lets,
thay limb flal diellseda Already
by the Iheillahr Oa Weed= her wipe
timMisibees=4ll6.4 OIL c
1,,i• If bet_vea a m-
a Ina --P.
tench nadir
The C
eskelel=la regain{ lot
it
an6oa dake%
=ler all abomehmos le glom upon the OM milli
With rap/ lathe alai= meth Ms. boys le a salies• el bh
tae,..i.whi on a yeah= essali• he Mt the we a tea
Sawa going to Yeast ode, and mae, It operate et a
us
abase to the wt. At that lift lair the thest
Wei= Calesee wsos swab, le sewsrlas that district
tram" lis Ems lift Wilt% eseresek ad waipoisota line.—Mr.
Maple Ilegiallel he taw was we he Um% man the the between
therrilmod inient. Rs moved—" That with Timm te the t
stela 4 massy abbe as WI se to the very al-
amber sethe shaliklidereatlat tOmpeleybnialAii=ost
toeU iwy Slither admiens et the lime et as
the priamtha towne piegessd to be etwasi vtlrehlte .away me
are* le weeeiseeritailway weraleathe with the aparepella
sr abed tibia by limo et roam, ekes* seedlerd by pallaiest,
sellayst swelies."—Mr.Brithamementedlim emnethemat.
—OWL t6wme, C.L. milmed he a Metal of delis bi ether the
temertmer el the Dm ad the thaw di the armminie4s Ith. Herm
H. bellevel that be bee webby, wad that there amid be warm
ter mgrabse that the dhlisal weld ewer be reinstates", 6or 64
porseat.- - —A last Morwiea awd, in which Mr. ire. LP, •
Ha J. W. Caber. Mr. Mew, at other aranamea Ineelearilmeny
to the mentilldes as adameese or the line. Ultbriby • was -
the yr aft teas We there appeared he the amenthemt ~
end maleawee
emma MU OM number. The lesi
easewinary or
yet tal4 d weak trla toor Wadi eery. • Wee
et veseblisa. Owed for the peewee( earrYbe al Ibtril set
Meth la as open were thee sawn, ea ante& ales sr
twebesalisah—.Uter MOO the yorsiree el
the Muse
awl Windsor lines, a rote ernathass I. the direeto.
ratites' ifs paseedingo
KIaCRLLANEOUS NEW M. —lama Wroiarto Gazer
Wasnmer.—The was mom Ms Vas sae
ends
estleradoelly.
Oa the Mai WW as espertaptel trip wee wis to the Hill of
he, ha NW beyond Meld. he the am art diarist d
=hrathin eve hours of Dublin. '
s_.Mie• 226 Wee. woe
in one hour, including etawi Ilw We
MOIR Beheld
to tho Hill of Down pimento bat oft mensissMOWlrolth Ms
=ear lhableebe hogs ca ma searbesar et a bra, ease-
way a .11 The salantia iamb a wlea the yart et
the meet be has bee is highly oreIMMA• Is the nolimM esektor,
Mr. hater. 2be am Ithetwater. se wash peat
bas kw role by the drainage enesoisiseere, is peostriS
a e Mash orb The Boyne is wheel pavallsbo desiS
ea s brags or three &robes, of rem math, as mar-my.
The betel at Moyvalley, orginally beat by the Moja Ompsay
es a half-way bouee between /d~r as Delft, Whoa terapo-
rarity converted into a Mallon-be= The goeseweet laspeetor Is
expected in a few days to make =ame% and on the la December
the tine will be opened for genital t
WATERFORD AND I. :31 Ratcx.—The line to Tipperary is
new nearly completed. The first experimental trip took placea tor
atolrilt AND BRIGIITON.—If if Yid that then two OM-
pales have agreed upon a plan Mr is eremeement 4 as practical
saVii,..
errors, upon an amicable and Wooly lenslibl Ws. Ibis our-
erogenseet Ina nothing to do with et lease. Each
smapemy stands as it did, separated end
Laws CENTRAL fitertox.—Tlas • • from the
✓Tallow ODMIDDhoo imerated in undertaking met
zlionday, We Mr thismadis• br their Mal dothisnus=
dlihrest plans 2=st pet taing tatlyeelhatod. the
sbeth be thlt at Dreembor. The
deserlog=tirewer. sow to be a hew sepsis the=
WI yew he ea at to be wad sea" he tbseeby staibeg the
Weir le warea the deka seentrag ha the Feast= et the bill
het wed the Messed
Owe= a IWO sealea. balm be thos
he sessethe the wt. art tbe schwa es "lib It way he earted,
we to tardier asethishilise. The diebnese dapow hawse' eat-
tam the Mar to the ma* ate of the Airs, aat Wafts tt to the
mirth, is sec imestsd st MOW, spina which are lab • eery a-
postle gredisselm ant a pememently inferior dtastke, by m In.
creased &ammo tram is amine etlemthess.
Berms AND PITIBBOWOWGZ.—The conductors of the
works on this line econdeedc he that, should the weather con-
tinue fine, that part is( the he he Meilen Mowbray to Oakham
will be opened for conveyaressetheed. pods, he., if not for passengers,
in the mores of a few days.
RAILWAY SCHRMllB.—Timare an 140 motion of application
for railway billii, of which $7 me Mr bib sammaed last session with
• the e4metudfeg that they Iseend 011=1=11 this when at the
he et= in which they we wespeabl. Thaw a time were
reed • mond thus in the ROOM at lants, as we raielna la enteral
end loam 4,101., tor the temethistim dl4. mime it Whey.
TM ft runthift bah were sweedel la theaters stOmmae.
the mate a II et them 'Wee he reported to am ham; he
MA woke Maple' he Man 11,141,M1N. he Wit mem elf
The amperns OM reedred IN ihommisol Mee aseellahldl7ll.
swot to 14,6•0 k The MY al to be
tooßralell to that sea Is 647 new reva=lhe sow
tells, at wash $ me he now renew. SS he raw trarhes. MI he the
exteaeke atlas he the whase diva and the sompletlem dwarfs,
27 to tie addlnand siesta. 25 Islam amil es=thies. 20 Mr
thastions in limes simedy autimeimil, and Ogee
FAWNS RAILWAY RYCIIIPTL—TIIS kilanZi an the
grave madges of he sinelpolthemb news Ibr the essaitt—

l'asseasers.

(16"1.4M
Ooodseva.
6=
D"'

Total.

65,973
97,767
149,069
37,016
P.

14:0ill
:i19,8e2
WO
47_,7_61

1737013
217,310
327,471
•3,eu

Ileallplo a
I lonsupeed-
las wet ot
INS.

13i,iro
114,1100
lOUS.
62,072