The Express.
London, England, 1853-10-07 00:00:00

UPPER INDIA RAILWAY COMPANY.

Yesterday a meeting of shareholders in this com-
pany *as held at the Loudon Tavern, for the purpose of
considering the espediency of requesting the directors to
postpone the payment of tae call of 21. per share, advertised
for the lst of November neat, Mr. ROBERTSON in the
chair.

Mr. Bavewe explained that the :Bestir% WU called by
him fossthe purpose of inducing the East Indian Railway
Company to pcstpone (or the present the call of 21. per
share to carry on the extension line, in which he was sure
they would have the entire co-operation of the directors of
the Upper India Railway Company. They had at the in-
stance of the secretary of the Stock Exchange applied to the
East Indian Railway Company to postpone the time of pay-
ment in consequence of the state of the money
market, but the answer they received in reply
to that application was that they—the directors
of the East Indian Railway Company—had no pre-
sent intention of postponing the call. Under these
circumstances he thought it became desirable to call the
shareholders together,to decide upon the roam which they
would adopt. The position in which they stood at that
moment was, that whether they took the extension shuts
in the East Indian Railway Company or not, 6-7th was to be
returned to them on the lot of November—that was to say,
they were to have en option of taking these extension shares
with a guarantee of 4 per tent. But these extension shares,
with the interest accruing upon them, were at the present
mom rat at a discount it. the market, and it did not seem
to require much wisdom to see that, under these circum-
stances, these shares would not be taken up by them—for
no man would take up shares at par when he could get them
at a discount. lie was of opinion at first that the call should
be postponed till February, when perhaps the money
market would be a little easier. But as there were others
who thought that a middle course would be beet, be would
propose that a committee be appointed to confer with the
directors on the present position of the company, and to
odor such steps as might be deemed desirable to protect
the interest of the shareholders.

Mr. SNSALY begged to remind the shareholders that the
Rest Indian Rsilway Company were in the same position
with themselre•, and were under an actual agreement to
complete the line with a guarantee of 4 per cent. Their
own shares were at a and if they felt obliged to
c►ll on their own shareholders to pay a call on the lot of
Novi tuber, it wa• not likely they would postpone the call on
them. Ile therefore thought the resolution was little better
than waste paper.

After somit co ov, rution the resolution wu carried with
only one dissentient, and a committee, composed of the
Chairman, Col. Swore, removal, Major Johoson, Major
Archer, sir H. Maddock (provisionally), Col. Henderson,
and Mr. Maltby, was named to act upon it.

Tuts:len Liamturt.—The Couslituiionnel saps: I
"In a few days the insuguratinn of a temporary chapel fur 1
the celebration of the orthodox Greek worship will take
place. It is s.O the express application of the Ottoman am•
bassador at Pan. that the French government hes been
pleased to sceurd this authorisation to all the Ottoman sub-
J. cts of th .t creed. The Christians of the Church of the
~inns, Wallnchians, Stennis's, Bulgarians,
—have spontaneously united together to meet the expenses
of this chapel. sad to support a Greek priest to officiate.
Vely Fiche pl seed his name at the head of the subserip•
I thus. and • numerous deputation of the Christian subjects
of the Sultan *site.' on the ambassador to think him for
th• petit -ohm which the Ottoman government has vouch-
safed to Al I'd to them in the matter. At the moment when
ti.ere a pp. At • a desire to rt present the Turkish goverament
as hostile to the Christians. it is impossible to applaud too
much the initiative thus taken at Pens by Vely Paths, who
in this circumstance hes only been the faithful interpreter
of the sentiments of toleration which distinguish the Sultan
tewesde bin subjects."