The Express.
London, England, 1849-08-09 00:00:00

has been obtained in other districts. Sieving in mind that
above three-fourths of the shareholders are resident iu England
(Appendix 12), and that tin y have subscribed above three-
fourths of the capital, it la only reuonable that they shculd
be represented at the board, which has, practically, never yet
been the ans.

The committee think that the direction should not conaist
of less than twelve ambers (u at present), and that at the
ant opportunity not lass than throe or four new direeton
should H elected from smart the English shareholder,
the sealants so appointed distinctly pledging themsares to
attend to the dada of their °lke. _
_

They ele3 recommend that the haltyearly statements of
capital and revenue shall be drawn up on a ant orm plan,
and that interest of loans, and other periodically recurring
expenses, shall not be mixed up with the charge for stamps,
and other oceasiosal end finite expenses. They also advise
that two auditors, in strict comp •anus with the act of par-
liament, shall be appointed and examine the accounts,ineteed
of one, as has cf late been the practice ; and that an wan
whose period of service has expired shall not be mew
Efor a period of one year (the vacancy thee mob
sintaigtslril by
anted' eiseliti:y trein eofrlderutelill;; :Li?. of
dae pediaal change thus secured in the individuals who .13.
beamee auditors. They also think that economy may be
Innalhell by the directors employing temporary clerks for a I
sheet time previous to half-yearly meetings, or other busy
than in the office, and extra porters and savants at parties-
lar stations on Saline, when public lan or other exessimal
events may greatly increase the usual amount of labour: by
this mesas the permanent staff and weekly drain upon the
xesenzees of the clammy will be rednoed.
The committee hem great pleasure in giving it as their
=Lothat, from the nature of the country sae its popula-
tad the very recent partial opening of the Remick line,
and facilities that the unopened branches will afford for
the traffic of their respective disunite, the present receipts of
the oompany fell very coasiderably sheet of what may soon
be expected ; at the Mine time they look forward to a gra-
dual, bat they believe certain rather than to any sudden
&agglutination. They are also pled to say that, from the
opening of the Orem Northers' Railway south of York, and
further railway moomeaodation to the north and east of
Scotland, and the general development of the railway system
throughout the kingdom, they have every reason to expect a
steadily improving traffic and revenue.
There are also several matters of local regulation, from
which they conceive increased revenue may be obtained, viz.,
the running, during the finer part of the year, half-hourly
trains during the day at low fares, between Edinburgh and
Portobello, a &seam* of only three miles, and between which,
for bathing purposes, the intercourse is very great, and as
yet imperfectly provided for by your railway ; and by other
matters of detail, not individually of sufficient importance to
find a place in this report.
The committee have repeatedly considered the question of
a depreciation fund; but are not prepared at present to is.
commend the formation of one, beyond a small stun to mem
'amilede in order to meet any sudden end unexpected demand
open the income of the company.
They ate also of opinion that, with peeper economy in the
erection of the nations on the morsel branches, and in
empleting the ether works now in hand, capital prrvided
by the existing acts of parliament is sufficient for all par-
posse required, as they entirely approve of the abandonment
by the directors of the Jedburgh, Selkirk, and Cocktail*
branches.
In conclusion, the committee have the gratification of
stating that they have received ev. ry attention from Me
directors and facers of the company, and have experienced
the greatest alacrity in furnishing them with every docu-
ment and information, verbal or ortherwise, they have from
tints to time required. It is also a subject of no small Delis
faciim to be able t s say that, though they have enasavJured
diligently to scrutinise every transaction, they have none of
the painful disclosures to make which have fallen to the lot
of other committees of inquiry ; and, finally, tbat they have
conducted their protracted and anxious laborite, though
previously unknown to each other, and assembled from
different parts of the kingdom, with uninterrupted harmony,
and have unanimously agreed upon the report now sub-
mitted to your consideration.
RICED. SUORTRIDGMA chairman •L MARK SPROT, JOAN
JOWITT, Ono. KINLOCII, JOS. LAITOCK, JOHN
ALFRED CROWNS, F. D. Jonxsox.—C. WILYIEBON,
lion. Sec —Edinburgh, July 20.