The Express.
London, England, 1849-08-10 00:00:00

417 • •
111 •11

SU • 1

1.411 IS IS
VS 1 $

t 3,117 IS 1

After HMO SOMA' huskies the Inds, •Parateg-
MOLD RAILWAY.
Yesterday the adjourned swift of thk company was
held at the Alma is lltookoorgate street
IL ?Roues. Bag., the Asir, when a moieties was
lee the nalseticm et three directors, vim. P. D.
="lldward Oskeley. and Llewellyn F. Lloyd, Ens.,
'WS was seeemeted end poised maaakonsly.
Me est beaker was the krisiture of 3,156 shares, the
malk im ski* are in arrear.
Messick. than adjourned.
Partin Aar) CRIDITOW.—The inhabitants of Exeter
and Creates have presented putties to Js Railway Com-
miedimers, praying ke the opening of this lira, Je present
piddle of which ts probably Dee et the sem miens Jas
mink of railway practice. Though mempinal three ye
elm, owing to disputes between the advoca'es of the knd
end Barrow gauge, it less hover been °posed for Wk.
Gram, dating thi. period, has grows over the 'sin route,
sad la
has been emsemeed in due meow The
line, by eat of pediment, was constructed on the broad,
or 7 feet, gauge; bat, subsequently, a majority of the share-
holders determined on dieting it to the narrow page and
obtained an unction, still in fores, fromcluded the directon from the gauge,
of
Chancery, which pre opening the
railway on any other plan than the narrow, cr
Rouge—the cost of substituting which for the broad gauge
is estimated at 1,001. The line is leased to the Bristol
sad Exeter at a rental of 3,0001_ per annum, and one-third
of the sees receipts above 7,0001. per annum. The esti-
milled set peels ea the trafik is taken at 5,1761., or equal to
S Mier
Wetsa.—Flßean miles of permanent way are
big laid in the neighbourhood of Cardiff ; and the Ike
hem Newport to Swamies is to be opened is the spring.
MILL AND BILBT.—The directors of this railway, he
their report, which is to be presented to the proprietors at
the general meeting en Saturday next, state that the sum of
29,0141. 13e. 2d. is available Ice dividends on the original
shares of 601. and hall-shares of 251. each, and they there-
fore recommend that a dividend be declared of 21.95. 6d. per
share on the former, and of 11.44.9 d. per share on the latter,
being at the rate of 91. 104. per cent. per annum (tie income
tax having to he deducted therefromin both cams). With
referees. to the lease of the lime' the directors my " Ru-
mours having been circulated that there are doubts as to the
validity of the agreement for the perpetual lean of the Hull
and Selby Railway to the York and North Midland Company
on the terms at present existing, your direeton men the
proprietors that no such doubts are entertatrileattallisea me
their taw advisers nor hes an official ram of my
suck doubts been 'made to your directors by the laud of the
York and North Midland Hallway Company. The existing
'agreement for a perpetual lease is under the seal of both
companies, with the sanction of special meetings also of both
companies held in due form and confirmed by dm Hull and
Selby Railway Purchase Act, 1846.' The deeds were pre-
pared by eminent counsel, and your directors have again
recently submitted them to counsel, whore opinion has alto-
gether confirmed the confidence of your directors in the per-
fect validity of those lestruments "