The Express.
London, England, 1846-12-09 00:00:00

conducted under
beetnhewinciwn
6syt,steigiym:.,,,,i,Th,btayt:exthattoe.ththnow
stating that his Highness's govenunetu has, In
gM
fulfilled the assurances then
means of transit through Egypt, awl
diet
of the Pacha, that it would be agreeable to his Mon
request referred to were complied with, the dak.
motives of policy, yielded to the suggestim, and
fer to him their steam-boats on the Nile. in co,t
and equitable price for the property. sect. the
-i
proprietors (30th May), the directors have contase•
ships to be built in London, of 1,100 tons and 4PD I
and for one vessel in tilistgow of i,OOO tons end
aintain the efficiency of the establistunent. A tadrr
purchased for the purpose of erecting • co -
suite of offices in Loadenhall,treet, which lire now
be completed in 11047. The annual expense of ps
Mining thuseoffices devolves upon the managing dis
the company'• deed of settlement, are bound to pet
free of all costa, to the company, suitabie etnies
hardness in the City of London.
The dividend paid for the half-year to 31st )lard
cent.; and the directors now reissnmend that out a
twelve months' trading a payment to the proprie
per cent, which, together, will make the dividend
year ending 30th September,
This report was received with general spy
The CHAIRMAN said this report required
ment. It was similar in character to those
presented on all firmer OC(11$101111, and it n
:Teets gratifying to the shareholders, showi
only extended resources, but a character of
lily, a great augmentaLon in the number of
the last annual meeting, and an improved
company's finances. The proprietors mie
with satiefection the profitable manner in sr
bad been invested; and they must also be
due attention had been paid to its security
laxly instanced in the great angmentatior
place in the insurance fund. The director
Feneral meeting would concur in the sugge
in the report to allow that fund to accume
present amount, in order to meet the risks
which the company had been at in extends
the necessary operations in the India and
affairs of the company hat, at least, been
nistered, and it still continued to hold the rr
tion in public estimation. The sharehok
greater advantage from the operations of t
they could ever have anticipated in foundi
was every prospect of those advantages
increased, so long as unanimity existed a:
the state of the revenue, and the menses
declared, great credit was due to three g(
connected with that department ; and be I
considered that all the measures undertake
had been well adapted to secure the prese
welfare of the company.
General CAtaistatte seconded the met,
pressed his approval of the steps taken by
his confidence in their future management
Mr. DENT said there was one passage
which he had been particularly gratifies
lated to the reduction of the passage mot
He regretted that a suggestion, thrown ou
ing, as to the publication of a short abstra
had not been adopted. It was, ne doub
to get 8 per cent. as a dividend, but it
the shareholders to have a short status:
and expenditure, as was done by the I
Navigation Company. It was true the et
company was now most efficient; and On
serve it so was to publish tile accounts. h
management did themselves injustice.
The Hon. J. T. MELVILLE suggested tk
wise to have a regular publication of the
company had succeeded in establishing al
East. When this was accomplished, he
publication. As an auditor of the accost
that the company was in an excellent cot
sent moment.
Mr. limits° asked if the accounts were
proprietor. ?
The CHAIRMAN said this was the OM.
tion of the paseag. money, that had bee
Lion three years and a half ; and, it the
way clearly, a still further reduction we
made. One reason why this had not bee:
the highly expensive character of the
obliged to employ. The propcsed pubis
would be injudicious at present, and woo
pany to considerable annoyance. The
when the accounts might be published, bt
interests would be subject to serious el(
were now done. The proprietors might se
office, vouchers for every item ; and, ut
stances, he hoped the matter would not b
Mr. F. CARLT.TON said the reduction
would amount to 10,0001. in the year;
made an argument with governm( nt for
in the contract for the mails. The gone'
rawly watched the proceedings of thi
narrowly than some of its own prlprieter
dent from this, that much injury might r
premature publicity to the accounts.
Mr. MINCHIN said he was confident the
passenger fares would be more than re
on the number of passengers.
Mr. JACKSON expressed a hope that tl
been increased by screwing down II
company's servants. He trusted the
the schools at Southampton would
private subscriptions of the proprieto
taken up by the company as a comp
easily be done, when it was consid
pany was putting away 22,0001., besides
dividend.
The CHAIRMAN said the constitution c
not admit of their supporting the institut
ton, as a company. The directors were
the institution should be supported, s
already been highly appreciated. As to
rants, the company were giving salaries •
other company ; and whenever extraonli
played, the directors rewarded it by a
In refusing to publish the (lemmata,
meeting that the directors had nothing w
(Applause.)
The motion for the adoption of the re
and unanimously agreed to.
Mr. HADDO moved :
That on and after the 2-hl inst., a payment o
profits be made to such proprietors as are 5
same, to make up the dividend tor the last 3
per annum.
Mr. CROSS seconded the motion, whir
Mr. DENT inquired whether the char
served at the commencement of the
allotted to the shareholders at par, as v
joint-stock companies.
Mr. F. CARLETON said that when
were issued, they were issued to the
mium of 51., which wit made applies
fund ; and as that fund was to be raised
to 200,0001., the directors proposed to
on the remaining 1,800 shares to this
appropriating it among the shareholde
now at 78/. ; and, by charging a prep
share, the insurance fund would be ra
160,0(101. (Cheers.)
Thanks were then voted to the direr
tory manner in which they had condo
company ; also to the chairman, for tl
, he had presided.
The CHAIRMAN severally &anew]
meats, and the meeting then separated

THE ROYAL EXCHANGE.—Yesh
ing portion of the asphalte, that forme(
Royal Exchange, was removed, to b
hard material termed Turkey ston
paving of the Exchange destroyed by fi
of which has been some time laid down
ficient to cover the entire area, the woi
an unfinished state for some months, til
be obtained from Turkey.
SUDDEN DEATH OF COLONEL
TART POOR LAW COMMISSIONER.—N
melancholy decease of this gentleman,
terday (Thursda)•), at the Haverforduu
It appears that the deceased, in compat
Esq., the chairman of the board of Qua
paid an official visit to the workhouse
when in about a quarter of an hour aft
seized with illness while inspecting or
On passing through the kitchen he von
remained there for about half an hour
Mr. Rowe, the surgeon. tinder the a
man, he was immediately removed to t
means which medical skill could sugge
him, but all in vain. He lingered un
about seven o'clock. when he breathed
on the body was held the same day,
Esq., coroner, when Mr. Rowe gave it
death was occasioned by the rupture of