The Express.
London, England, 1848-01-24 00:00:00

RAILWAY NEWS.

The transactions in shares on Saturday did not
very well respond to what was passing in the contal
market, which was so much upon the advance.
French shares were a little better, but neither in the
English, Scotch, nor Irish lines was there any im-
provement w-1-thy of attention, and the fact was
looked upon as somewhat remarkable. There were
certainly exceptions, and in the ensuing week a dif-
ferent range of prices may be anticipated.

RAILWAY BILLS IN PARLIAMENT.
I'IrMNESS DISPOSED OP Rl' EXAMINERS ON sATURDAY.
COMMITTER-ROOM, No. 11.—(Before Mr. May.)—Edin-
burgh and Northern Branches, &c. Allegations further
heard.

MEETINGS.—Sarsnaa sato Mersa.— flay:yearly Meet-
mg.—London, Jan. t2.—Mr.W. Y. Richards in the chair.—
A large number of shareholders were present. The report
set forth that the directors were not in a position to announce
the opening of the first section of the line, from Marchienne
to Walcourt, with the branches to Laneffe and Morialme.
It was found that the contractors had mistaken the nature
of the formation through which the tunnels at Jaminulx and
liam-sur-Heirs were to be constructed. Some serious slips
occurred after the excavittibt of the tunnels had been to a
considerable extent completed ; but these difficulties had
now been surmounted. They had the satis:aetion, however,
of reporting that the junctions of the Sambre and Meuse
Railway with the State line near Merchienne and towards
Charleroi were completed ; and from the proposed station of
the company at Marcbienne to Walcourt (except at the tun-
nels and about two miles in portions of cuttings and embank-
'clients) a single line of the permanent way wes laid ; the
permanent way was also laid on the entire length of the
Laneffe branch ; and considerable portions of the branch
from Walcourt to Morielnie were ready for receiving the rails.
They still considered it expedient to await the opening of
the first section before submitting to the shareholders any
proposition for raising additional capital, and were further

encouraged in the suggestion of this course by the assurance
received from the Belgian government of their intention to
bring a bill before the chambers, by which an extension
of time would be granted. The number of sharers upon
which the eighth remained unpaid did not exceed 100
end of the ninth call, the last day for the payment of which
expired on the 16th December, only 1,656 shares remained
unpaid, for the greatest portion of which an early settle-
ment bad been promised. The receipts to December 31,
1847, amounted to 562,8171. ; the expenditure to 480,75 W. ;
whilst the balance comprised the following items ;

Amount deposited with Belgian government t 30,000
Ditto, with Irtneh ditto 2,000
Ditto, of Investments
Ditto, advanced to contractors 32,000
Ditto, of cult 16,030

The chairman, in moving the adoption of the re-
port' expressed the disappointment which had been
felt by the directors at the delay in opening the
line for traffic: they had been misled by the promises
of the contractors, who utterly neglecting the caution
given them by Mr. Cubitt, had occasioned the accident.
Without giving any pledge, he (the chairman) expressed the
confidence entertained by the direction that the lice would
be opened in March, and in the interval the advantage
would be gained of giving the works further time to consoli-
date. From the engineer's report, it appeared that a further
sum of 20,0001. would be required beyond that in hand. On
the question being put that the report be adopted, dr.
Lindo moved, as an amendment, that m conformity to the
38th article of the statutes, a commission be appointed to
examine and audit the accounts of the directors, and to re-
port to a special meeting, to he convened far the purpose,
the result of their inquiry.—The motion bang seconded, the
Chairman said there was no obji ction on his part to have
the accounts presented by the directors fully investigated,
but he must observe that it was highly inconvenient to put
the amendment without having given them limo to consider
such a proposal. The statutes all required notice to be given
of any similar proposition. With respect to auditors, the
accounts were open for inspection at the company's office,
and every shareholder was empowered to demand and ob-
tain whatever information he required from the
secretary.—A long discussion on this proposal en-
sued, during the course of which it was stated
by the chairman that the origioal plan upon which the
estimates laid before the shareholders at previous meetings
had been framed was to have only a single line of rail from
Marchiennes to the Meuse; but, acting on the advice of
Mr. Robert Stephenson, who had stated that one line of
rail would never suffice to carry on the immense traffic which I
would arise between these two points, and which would ulti-
mately necessitate the laying down of an additional line of
rail, the directors had resolved to incur that outlay at pre-
sent, in order to avoid the enormous outlay which would
necessarily ensue from having to construct this line after the
original plan bad been completed. No additional expense
bad been occasioned by the slips in the tunnel which had
caused the delay, as that was borne solely by the contractors.
—A proprietor observed, that if the amendment was agreed
to the directors must necessarily resign, as their accounts
were thereby impeached.—The question was then put," That
the report be agreed to," which was carried.--The Chair-
man, an stating the result, said that three hands only had
been held up against the motion, which was so far satisfac-
tory, although he could have wished the meeting had been
unanimous on this point —Mr. Mac Ewen then moved a
vote of confidence to the directors.—Mr. Flood seconded the
motion ; but, as the proprietor who made the amendment
on the former motion dissented, the word thanks was sub-
stituted for confidence, and the motion was unanimously
agreed to, after which the meeting separated.

- -
SCOTTIEH CENTRAL. Special Media?. Perth,
January 21.—The Marquis of Breadalbane in the chair.
--The Chairman said, it would be as well to
remind the meeting that the interdict bad been obtained
by the Central and Southern Railway Companies, in order
to restrain them (the Scottish Central Railway Company)
from connecting themselves with the Edinburgh and Glas-
gow Railway Company, which was considered by some of
the shareholders to be a matter of expediency to enter upon.
The directors had obtained the opinion of the Lord Advo-
I cote and Mr. Talbot, on the question as to whether they
should appeal to the House of Lords against the interdict or
not, and their opinion was against prosecuting the case
further, on the ground that the same reason which
induced the Court of Session to confirm the interdict,
would also lead the House of Lords to support that de-
cision. Tho question then was, appeal or no appeal.—Mr. R.
Robertson moved a resolution to the effect that the company
should not appeal against the decision of the Court of Session.
The motion wee carried unanimously.—Mr. W. Anderson,
of Techmuiry, moved that the Marquis of Breadalbane
should communicate with the chairman of the Caledonian
Company and the chairman of the Edinburgh and Glasgow
Company, with a view to settle the differences between those
companies and the Scottish Central Company, and to endea-
vour to effect a lease jointly with those companies on terms
which might be considered adequate.—Mr. Brown thought
that the mention of a joint lease was going in the face of the
interdict —Mr. Robertson said that there was another objec-
tion to the resolution being put, viz., that that was a special
meeting, and must be confined to the business for which it
was called. They might, however, dissolve that meeting and
then meet as shareholders, when the resolution might be
put. —Mr. Campbell wished to give notice of a motion on a
different question altogether: whether the board of directors
had come to any decision as to the subject of traffic on the
Sabbath-day I—The Chairman said the question had not been
formally brought before the board, but merely incidentally
by memorials presented to them from time to time.—Mr.
Campbell then gave notice, that at the next half-yearly
statutory meeting, be should move that no kind of work
whatever should be done on the Scottish Central Railway on
the Sabbath-day.—The special meeting was then dissolved.
—General Meeting.—Mr. Anderson proposed his resolu-
tion, substituting for the " Edinburgh and Glasgow Com-
pany," the words "other companies," and leaving out the
reference to the joint-lease.—The motion was agreed to
unanimously.—The Chairman felt the greatest confidence
that this would turn out one of the most profitable under-
takings carried through in this country; that if
conducted with judgment and economy it would turn
out moat advantageous to its proprietors and to the
general interests of the community. He was happy
also to inform the meeting that from personal in-
spection of the line, speaking not certainly as an engineer
but by the application of his own senses and his experience
in these matters, that the way in which the works were con-
structed would redound to the credit of the engineer, and
would prove most stable and satisfactory, and he regretted
that any delay should have taken piece in the opening of the
line ; but he believed, from information given biro, that the
line from Stirling to Castlecary would be opened very shortly.
The government inspection had taken place on Monday last,
and in the course of about ten days the line would be
opened. He had also the satisfaction of informing them
that whatever might be the course to which the conferences
with the other companies might lead, they had iqin their own
power to commence an independent line of action on their
railway, and to perform all the first requirements of the
traffic without assistance from any company. As to the
other portion of the line from Stirling to Perth, there was
little doubt but that it would be opened in the course of the
spring. He was also happy to inform them that the late
call had been well responded to.—A vote of thanks was then
passed to the chairman, and the meeting separated.
SHARE LlST.—LoNuosr Jan. 22.

Mon.-The quotations of liner la 11.4,.0aa Characters denote actual
trababctlous; lboee of lima In Italics aclleav' price.
PAID. PAID. _
46 Aberdeen lei 183. ll' -
29 Anelxr9l.l9ot. &800. 7 ,r
10 Birro.,Wol..tDue,ey I I 2
104 Bir. ?Col. & &Volie9 Ili a 1 4
10 term. & Oxford Jo 1 1
6 Buotdo,Stam,6Wno. 14 a
80 8, 0)01 and I.reta 16144
20 Dd. rainla ,16 I
10i'Borkingbosiallire 224. 4
60 I(44kt/onto .n. • 39 3
31 Do. 1 sham fd. 7
1.41
374 Chador k Robbed. 19
12 Do. Preference - - I
1144 Clarence
10 I Do. lot C7..6ptr Ct.
101 lAe. 2.1(3., 6 per a.
24 Dublin& &Vt. June. 22184
174 Dondaberkintsialde.l
26 E.Ant2547.49E&L&D,10 12
13 Do. 1184. E..e H.).17 9
2 1 D 0.131.108. E.& I'l 1:1.
10 !Protege Couallas..l6 i Al 16
f) Do. do. DI64 16
IC Doklitn.b.P4ii:No l'par.
II Do. do . .No 2 par.
10 I Do. Yorkii.rters 1 100.
so DoNorthot Nestre'62
23D0. te
ew haret
Id. Ip. 134 174
I Do. N
60 &SUM Ulltioo
124 Do. 1 sharer
10 Do.Guarnt46p.a.'92 4
26 EBB Laucarbile 14 3d. et !
13 Do. New . , l4 61. e I
1!!!Do. N'ese, 1 ......... OW.
IFtos3 Ltecolnakirc . . 'Nee 1 p et
ilidusberryb .8 010ag.;43 46
lb i Do. 6 Mora .... ••• 34 7941.
12p Do. 1 share. . - lll 12
710E664. & 4Vorlberal
2 'Ezetes,leovil, Dore •11 lg.
104•Cirest Northero... , '44 1 1
6 Do. Lon.& VorkEr 1.14
37 'at South d. Wattle 113 024. 01
100 oreat North el Mop- 230 236
6 Do. New, 401 62 64p.
30 Do. Nov. 301. 4op.
8A
138
90 10reat Western.-- 1044 p.
1711 AO ! Do. t Do..abaroi Fit
Do. Mara
91 Do. A Br. 111. . ... . lap.
91 Thedderefietd, Atone per
0 Do., do.. ink 2.1. par
50 !Bea and Selby l2l 103
16 1 Do.rees
I*l Do. eharsi___...,. •93 919.
17411 pet Bt.Talmda.B4
16 i Do. do. & Norwich:4 8441.
111 1) o ErtekAlatee& El 081. • I
69 !Laacerler & (1ar11t1e..644
10 ! Do. Thirds
93 rianicasbire de Y orkah
II Do. An 8 6d.
33 1 Do. }shard •5 3d.
144! Do. ahem ll4
8. Do. Ilk.
1621 Do. Bi.riccerla , . Id. par
64 Do. Thirds Merl.) 4 2d.
38
Dohapl3.7
33 dertal4s.l
471 Do IF_kl Pn1i.90.1
820 De. W. It. Union... 3 1441.
II Preeton& Wyrt 341 334
9 Doi sharer. ... A. 3 34p.
12 Do. ao .Bl 4p.
oo !Lied. and iiiidiCed.,o4"
O S lined* dad Thank . 171/
Al Do.Pre I.l3perCent. it
Tr"' '`.. .11( w -.lint
u:Li...(...14.0& 8,;.,m. 1 ow.
131114040 n k Blackwall.llB
Do. do-- - No. 214 ld.
iii Di I. Extetteion .. . .
14%. Drl6l4too, 8. 1
30 Do. Cons. Eighths. ....1.
9 Do. dd. Guar sp.a. .
00 DePref.enr.6ll.l9. 8
60 Do. do. 1&52 . 10 'Boa.
IN u..4p,...d 0.:,..;::,.
14
18 145 comber ..
8 !Tounroxiii
fel it N. W 1111

h. i' . ‘enexes.„ _
_... 4 ‘ '
4 iguedA taaerarsaimm.r.
13. South behaslaleet.
94 , leo. d0.......X0. 1
17 ; Do. do 5,
18 , De. do 3%
H Do. do. TIM.
18 '80444 wiam...,..„.. .11.0
3 IS. rorksh.D•eidipic.
4 ;Tele Vak E 1228141111 31 !ed.
lii.namee Harm bi k R. 10.1 &O.
41i lagf:htta'AeS.447::: " '
1 1:0-..Fite "'e,f
IA U. Do 54. ;I oi TP97044 ti,l4f t.
II 1 DodoNolefactike 17e 1
s , DotiN aftror Prof 14 • 1
la ~YorktNorthlhdlaual 76 1
10 I Do. Preferbre .... 17 101 el
II I D0.X.L97.8.1419.16, 331
:20111102 RAILIMTII..
$ 1)0u10220 a Ameba. 17.4 1
14 Cosa/ Fr.10r.4 Ven),.par 49. • I
3 Demerara 6 3d.
7 Dutch &belch. 6
6 Laurain is 14.1 Sorbrr 6
6 Luzebbovri4 d
.16 Abhor and Liege . 9l
.10 Northern of Frame llll Wel
6 ,Orleans & Bordeaux:ll 010. 4
41,0ver Ilea. .. .... Ad.
IP ',Pane sad Lyon. if.J
2v Paris and Orie.ow . 45 47
20 !Pads wed Rouen 33 41
8 ;Parte wed Stneatourelll
10 'Rouen and Havre
18 9Sawebre and Reuse ILI 1062-
tli!Trl'AV.iver" It ed.

t 7 16d a I
6134 e t

irI,con.&N.WQ4..L.WB 344
9 Do. New
40 Do.. In!. ~i..i.a: al,
;I f,..:11'..,r.:11111,14F,:
, • D 0.101.44., Mde a ri4 44p.
414 tondos 475. Wee tmt 54 56
Do. Cont. EWO4 2. 4p,
221 Do. New, NA jot
IS Do. Nov. 404. .
50 ' Do. Cow. TentAs I 3 Id.
40' Do. do. Tenths .., l3 Id.
84 Do. Thirds ..
It Low..Nwite6,l leoritil 014.
3 Mooch., 8u9t.,& Ilac 1
22 :Jo nelt..tDontinsop. 0 Itd.
4g)
100 311416.04
40 , Dv. 401. sham.
16 . D 0.601. dank 134
150: Do. Birin.cfc DerbyST 49
100 Do.C.Brt.cl:Br.6pC 122 124
36 I Do. liri‘t..2Giosirr
36 iMid.(o.lVat.(lrithl
100.Nelocostle tn Corlisk
184qtreernarket . ..
26 North BALM
454 D°.
' ...
.111.9.
Do. thaw .
21' Do. 77airste
Do. tension IN. iP.
iDDlNorfollt llosrlik.
INoe.
A Do.Goartd. 64p Cc. 6t 111
k
116 , Do. F.:rt. sp. Cent.l2 Id. e I
iI • Do.&IB4TNO,Noti 4d. Plu
4 .N. Cowntiee Delos
13 'North Staffordshire . DA I I
1 6 North fratern
135 0.2.41.,11'0r...d.• Woir.:l;.:, 1414
1'24264
Ftet,,,Ne:thloilis;:/t..°Gl4i!frisldritirsi2;_
6 &dr., Roth. t Wok. 3
7 Seresee.ctillres. as: 4
1 4 Do. do. _ ... ..... .D 2 2
16 :liareent&Chew.Nll'Milt 211•.
5 , Do. /hem 1,14p.
ill: 1' 10. tionvery ..44d.
5 Do. $ perCent.Pref.
4 s...Strop/ker. Union . 24 24d.
40 ' , . -