The Express.
London, England, 1851-09-01 00:00:00

CORNWALL RAILWAY.

The half-yearly meeting of this company was held
at Truro, on Friday. The chair was taken by MICHAEL
WILLIAMS, Esq.
The report stated the receipts for the past half-
year to have been 6.531. 145., while the expenditure for the
same period had been 1,0971. 81. Bd. The first account in-
cluded calls to the amount of 3251. 12s. 7d., and the sale of
old stores, 2221. The disbursements consisted of 2221. for
works; 7921. 7s. 10d. for land and compensation; 111. lls.
for direction, audit, salaries, &c. ; 71. 3s. 10d. office ex-
penses ; 141. Is. 6d. fur advertising, printing, ite., and
321. 2s. 6d. interest to shareholders, on calls paid in advance.
The total expenditure up to 30th June had been
200,6721. 14s. Id. • and the receipts to the same date
amounted to a similar sum, leaving a balance due to the
bankers of 961. 6s. 11d."

The CHAIRMAN, in moving the adoption of the
report, said, if at the special meeting the shareholder.
should agree to the memorial to the Railway Corn-
mis.ioners—and if the railway commissioners should
sanction, as he had no doubt they would do, the abandon-
ment of the branch lines, the directors hoped to be able to
commence with the works and carry out the main line. Be-
fore, however, the Railway Commissioners had given their
sanction for the abandonment of the branch lines and there-
ductiou to the capital of the company,the directors had no-
thing definite to present to the shareholders ; but as soon as
that should be done they would call the shareholders to-
;tether and submit to their consideration a financial scheme

on which they thought the company might be carried
forward.

The report of Mr. Brunel, the engineer, stated, that by
the abandonment of certain portions of the original line
and branches, and the adoption of a single line of rails (as
the general principle of construction), with double lines and
sidings where really necessary, the works remaining to be
done, including the bridge across the Tamar at Saltuh,
might be executed for the sum of 750,0001., exclw•ive of
land. The estimates, as proved in the House of Commons,
for the entire line, including land and general expenses,
amounted to 1,573,3101., and ho recommended that the
capital he reduced to 1,000,0001.
Atter observations from Mr. Tweedy, Mr. Wells, and
Mr. Pear., the report was adopted, and a memorial to the
railway commissioners was approved.
held, for th.

A special meeting was then . , for the purpose of mak-
ing applications to the Commissi. sera of Railways for the
abandonment of certain portions of the powers of the com-
pany, and of stating that the rerjuiretheats of the act had
been complied with in all particulars. Mr. Tweedy, Mr.
Itoberts, and other gentlemen, addressed the meeting on
the advantages of the course proposed to be adopted. The

scrutineers reported that, in value, there were for the me-
morial in favour of the abandonment of the branches named
and reducing the capital holders of shares to the amount of
46,3251., and against it only 1,3741. This being more than
three-fifths of the shares represented at the meeting, the
memorial was declared carried. A vote of thanks to the
chairman concluded the proceedings.