The Express.
London, England, 1849-06-09 00:00:00

THH BILNILIti:PTCT Alan/118NT BILL.

Mr. ELLIOTT roan to move that " the co.:it *hould peti-
tion the Mous.. of Commons to paw without delay the bi!l
now pending for the amendment of the lows of bankrutey."
Upon the sug.estion of Alderman LAWILENCR it was m-
imed to the parliamei tary commivee, to examine and re-
port as to the propri-ty of petitioning.
Adjourned.

THE FACTORY BILL DEPUTATION.

ST. JOHN DEL REY MINING COMPANY.

The annual general meeting of the proprietors of
this company took place lest. rdar at 2 o'clock, at the cum-
patty's moms in Totenhousr•yard. .1. D. POWLES, Esq., in
the chair.

The CHAI RYAN opened the business of the meeting by
reeding the report, which stated that :
.. The directors on the Ist December last declared a half-
yearly dividend, being the thirteenth, at the r.te of 17s. 6d.
per thane, payable on the 9th of the Fame month.
The monthly produce of gold at Morro Velho, from thejst
March. 1848, to February 28, 1819, has been as follows
1848 Match
April mon
Nay .............—. 16,899 „
June
July
August —....-.- -- ....... 19.884 „
Septi mbar ...... 19,773 „
October 20,637 t,
November
December 22,308
1819 January
February 10,493 „

Total °harm 230,136
The premium of the twelve months ending February, 1818,
was 176,439 Messes.
The nett moilc on the working the mines for the fear
ending 318th Ft braary last, as et 1 be seen by the stremeilt
in the Appendix, has been £33,333 8 3
The number of tons of ore raised in the year ending
Dee. 31, lest, was
Tie number of tons raised in 1847 warn
The extent of stoping gv.und laid open on DecembEr 31,
last, was 606.39 square fathoms—viz.
Square Fatkoms.
. 176.93
. 11.66
15.64

Babu Mine
Last (Went,' Panetta
Went Winne& Panetta .....
Gamin Mine
Cachoeira Mine

2666

506.39
At the end of 1847 it was 483.21 fathoms
The amount of prat made from 29th Feb ,
1848, to 2Sth Feb., 1819, helping been car-
ried to the credit of the profit and Ices ac-
count, leaves that account in credit, after
paying the half-yearly dividend due the
9th December last, and transferring to the
reserved 1001, ae kertinaiter mentioned,
the sum of mow. £24,166 8 3
Out of which the directors have declared a

half-yearly dividend (clear of income tax)
of 2.55. per share 13,750 0 0
Laving at the credit of profit and loss 110,416 8 3
The awl. ice number of lx,rtra ►t work during the year
1848 was 193 —at the end of the year it was 210. Capt. Tee-
boar remat Its in his report (see Appendix), that there is wont
in the mines for 310 bier•—that is to gay, that the s ate:A 01
ground opened out would employ borers to the extent of
nearly 50 per cent. more than the company has in its service.
This fact shows that the au; ply of ore available is in advance
of the amount of labour which the company has it io its
power to employ—a feet important to be kept in mind,
when it is considered that the quantity of ore stamped is
1848 was 58,122 tone.
while in 1817 it was only 40,234 „
and in 1846 34 035

It is desirable that the proprietors should be aWe
to take en intelligent view of the state and prospects of this
undertaking, for which purpose it may be well to repea,
here what was said thereon in the bead mining captain's
report for 1847.
An idea of the prospects us .y be stated thus. The
length of sloping ground in the United and Cacho ire lakes
is 177 fathoms, average width 14i feet; and from the sur-
face downward, the lode his bon very gradually enlarging,
and it bus maintained quality. Tne length of roping
ground iu the Ganitsa is 52 fathoms, and the average
width of the lode, 4 feet 7 lecher,. Now how far the
lode will continue down it is quite impossible to say;
but assuming that the mines were fully manned by
200 benere, it would require about 17 years to eink 100
fathoms, upwards of 31 years to sink 200 f.tboms, and s,
on. If the borers be only 100, as at this moment, of
course the period would be longer in proportion. This cal
culati3n &ea not include the late discovery of the continua
thin of the lode as, stwerd. The greater the f eft, the greater
wit be the pr. fits in proportion, f..r addition to the b ran
does no: increase the fixed expenses. Every additional hour
to the average of 1817 will give a profit of about 151. per
moi.th." _ .

Thee nierienee of the past year confirms, so far, the lICCU.
racy of the foregoing obsirvetions. The Bahu sump shaft
has been seine 6 fathoms 2 Ice. There is no spot wiener. of
any deterioration in the Ida as it g s down. 0 the con-
tt ary, Capt. Tether u) s, " the I, d. is not only maintaining
Its @hammer, hut it is es en looking better."
The new stamping mill of thirty.six heads, which in
the last annual report it was announced was in ttogress,
minim wed work to the extent of ore half the numher of
heads, in June last, and the ether half in S. vender last.
The increase in the produce during the put year could not
have been attained without the completion of this impotent
sddition to the reduei n power of the stablishment.
Itegerding the negro population oat the eetetelisliment, the
superintendent states that thy are orderly, well.c mdurted,
~nd contented. They are provided with every ct.mlort suited
to their condition in life.
. . .

The following is the financial position of the company :
In England—
Balance at the bank• rs' L7,C,52 10 1
Newcastle and Carlisle Railway deben-
tures
Exchequer Bids
Gold expected per Express racket

32,311 ti 5

T Dear. runn.ng
Meld, nd now choler
Apploptia,tl to the re trvtd told 10,000 29,750 0 0

£2,691 8 6

In Brazil—:.

C. 141 at Morro Vecho
Ditto it the hands of Mews. W. Ilarri.Ln
and Co , being drafts 'rot to thein for
negotiation

5,072 19 1

To ply— 7,204 0 7
Salaries at d wages

With a view to istabl'sh and sustain a competent re
served fund in this concern, in conformity with the {mod i.n
fur that purome contained in the e.rtifictites of the oJa•cs,
the directors have transferred from the ace ,unt of prt.fit and
la s to the 114 ad of " reserved fun I," the sum of 10,0001. ;
rind they prc2-se to appropewe out of ail future div;d• nth
10 per cent. on the sum diviucd, to be inv,sted in ',mufti's,
and a 'tied to this fund.

Mr. BOSWOItTIi moved, and Mr. BuccLey seconded. the
a•inuliun the report.
Mr. JAGO ached some particular. as to the treatment (f a
slays.

The CHAIRMAN stated that a most satisfactory sumer
had been received from the superintendent on the au* et.
Ile was under the impuision that it had been se,.t t the
worthy proprietor, but if it bad Lot been, it would be scut
. .

Mr. JAGO then proposed a motion relative to an il2trt age
in the am unt of the r, served fund, but, with the c r rav, of
the meeting it was not pie, and the motion for the aeoptien
of the report was tarried unanimoualy.
A SUAILLH OLDER sum sled, trim as the rrrrrr ed fund was
f r the benefit of the company be trusted that the directors
would no put any more in railway debentures.
The CHAIRMAN raid t'tre could b^ no doubt of the
security of the Newcastle and Carlisle Railway debenture*.
Mr. 11. W. fichneider, and Mr. JAWS Vickers were re
lected auditors, and alter thanks to the chairman the meet-
ing separated.

RAILWAY MEETINGS.

LONDON AND NORTH WESTERN.

-----
Yestirdny a special aeneral meeting ef proprietors in the
ebove railway company a u held at the Eitetiin hovel fl r the
purpo e of tarring into cousideraq in the draft of a bill at
resent before Parliament, tarp rwering the London and
North Western, and Yorkshire and Linceedre Railway
Companies to become joint proprietors on lease of the
Prest.n end Wire Ralway, Harbour and Decks, G. C.
GLTPf, , M.P., in the chair.
The SECRETARY haying read the requisition convening
the meeting—

The CHAIRMAN snid he was in limes that the present
within of Parliament might have pao.cd over without any
occurrence whivn we-mist imrese ou the direct ors of the
London and North Western Company the duty of calling
trey proprie nra together, to obtain their smetion to one bal
connected with the engagements of the company, hut their
excellent friends, and he was hal py to ca.,' allies, of the
Yorkshire and Ltneashiro lice of railway had
'hotted it emiedhnt to Deng before parliament
in the preictt sission a bill empowering them,
in conjunction with the London and Nvrth W. stern Com-
pany, to become pro;rietcrs on perpetual lose of the Preston
and Were Railway, and it tes'ed terh that meeting to tiff-
nify their assent to the agreement which had beta
entered into. They were aware that the Preston
one Were Railway, with its branches to Blackpool
and Lytham, was a lane in connixnn wi h their rosin line,
crinmeucMg ac Pres Pin and eyeing at the new port ul Fleet-
wood. By the bill to which he was to ask their went,
the Pre ton and Wyre line, with the harbour and quays
of Fleetwood, was to b • leased in perpetuity to the 1 ork-
shire and Lancashire and the Loio!on and North Western
Companies, the proportion of the rent payable be each bring
twovibirds .or the former, and one.third ter the laver. The
capital on which guarantees h ben deco was about
6.56,0001., and the rent guarantied wt is 53,4401. per annum,
and ref that amount the proportion Jur which the London
d North Wegern was to beeline liable was the sum of

17,8131. Pendell, they w. re aware, was the snuthein ter-
minus of that line, and el gentlemen connected with the
north of England knew that in that immediate locality there
was a nuniocr ut converging railaa3e which bad ltd to
much competition, and which, if carried to any greater
*vent, might have the tilt et of a dieturhing
their traffic. Taking these circumstances into coasideratio ,n
! the Lancashire and Yorkshire Company felt it to be
impera'ive on thins, in order to guard the interests of their
ah holders, to take steps by which the property of the
Preston and Wyre line should centre in tLem and the Lon-
don and North W. stern ; but he should nut be discharging
his duty prop ey if tie did net at the same time ni.,ke the
proprietors accrue toed with the fact that the receipts of the
Preston and Wyte Ike did not at grew et fully and properly
meet the rent, tor the payment of which they had entered
into engagements. (11. ar, hear.) In c ncles'un he had
only to reeitticii, that the.agreement had recc ived the general
Banc ion e f the Lancashire and Yorkshire proton tors. and
he trusted th .t it would be received with similar approbation
by the present meeting. (Rear.)
In reply toe goe.tion by Mr. Urenorr,
The CHAIRMAN said that in toe report published in
October last the hat gales for the Preston r n.l NV, re Rail .say
were tally amounted for and brought into their ealcuh.tions.
Captain SCOTT begged to ask whether the agreement
into which th y w. ra about to esiter involved any outlay
on the harbour of Fleetwood, and also whet prospects there
were of 11/1 accession of trafßi: to their line (rem Bel!ast and
Irma Scotland, in moo quince of aeguiri,g a property in the
Preston and Wyre line. He also wished to know what
the condition of the harbour was.

Toe CliAluNlethi said that. then had thought it rl,:ht ta
obtain a tcp.,et on the gille 01 the harbour from en eminent
enginter, ant he stated that the entre, co to the harbour
was capable of case maintenance. and th.d when deepened
and widened it did not " tilt up," the materials of the en-
trance b. lug et h .rd el .v. lie alto stated tbut both the
light houses at F:eetwood were in good order—that there
wde hall a mite of quay newly encted, the remain-
der twine ot t mh.•r nearly new. .ike to the prospects
of increase of milker .he (the eh:denten) had it in
. _

his power to show that the amount of tonnage on the
line had gr. atly aOranced fur the last two leers, For
;he wt, k trolling 21r April, 1847, the amount had b,en 982
:one. D:tto for the same week is 1848, 090 ; and fur 1849,
2'_254. Fir the in ela..ndieu 28th April, in 1847, 1848, end
1819 the ato”unts t•al been reapemively 897, 1,175, and
2,081. For the weeks endinn May sth in same three years
the &mounts h .tt tit.k 913, 07, and 2,0'29 ; ao,l for the weeks
mhos( May 12, thq had 14. en b 99, I,lso, and 1.930. (11 .ar,
lie-r.) 11 • then PT 0:101d • res lotion whi •ti elude. d a
statement of the approval of the shareholders of the bill now
pdtlialtal eat may which the Pft Iltoll •Ild W 3 re Hallway,
Harbour, and I;ot k, were vested in the Lancashire and
Yorkshire, and London, and I.l.)rth Wt stern Compani s.
The I-. adution having h: en unanimously adopted, the pro-
ceeding% terminatkci.

OX FORD, WORCESTER, AND WOLVERHAMPTON.
An Keraordittary Meeting of propricoo s in this under-
taking was held y. at. relay at the Oulluhnll, NI/oreeiter, to
take into CvlVddria, inn tie report of lh • din et Ore to he laid
before the me tine with toter. nee to the .flans of the com-
pany, and the existing engagements between this company
and the Or, ir Waritean Railway Compa..y. The chair was
taken by F. Rurrottth Esq , M.P., an I the I mars% number
sheet Wire iu the 0 mpany ever brought together at-
iembled on the imeiv.ion A tot liminaty to-sting of share-
holders fr .m Loodoo and Yorkshire to arrange detain was
held in the tour eof the morning. The proceediege, which
it w.s expected would be of a stormy character, t said off
very quietly, a general un inin.ity pr railing as to the course
to be adweed under existing cir umstauces.
Mr. CAPRI., .4 London, theirman .1 the meeting of pro-
nritton t cid last •et k at the London I , said he was
deputed by n body of alt.oeholders whe h held preliminary
meetings in that city on the previous night and that mon ing,
to offs r summations Mr consideration in the pace pontion
of the company's affairs. They proposed a committee of
inquiry and isonotieicion to act with the directors of this
company ; and be had been informed that this course nee
improved of by the directors. (" Hear, hear," from tho
chairman end 'vernal dir. ctors.) Ile thought it would be
well that they should a a'. the ',Fermi% meeting any
ewe-shin or minty I.elirg, and as far as w pructicabie
avoid dmeossiun until the report should be respect d from
he committee of inquiry. Ile therefore moved that the
report lathe dirretots be received, but that a committee be
appointe d to investigate the affairs of the company, and to
pot thereon from time to time. such i. vestigriun to era-
-I..et all nra:ters and things past and nt, and that the
committee to emir/ net. d to call our psi en, books, dont-
met.tt. examine pennant, and employ such tab rks, engineer.,
pruf.a.ional, at d min r pe emits, a. they might think neces-
sary, that tilts confer tom time to tine with the directors of
this company, and r. port to the •leareholdirs at a future
nt.-eel, to be le. II at the London Taira rn, Bishopgat.strest,
on the 12th July, at 2, p.m. The gentlemen nom. d to set
on the commit... were Messrs. C.pel, Wmker, Baker, Ed-
munds, L 1., Dl Ale, jun., and Clotre, of Loudon, Leeds,
Glasgow, B dM, aod Liverpool.
The resolottio• was then carried unanimously.
Mr. IBbbELL then Es..ves a resolution for the payment
of the r sp ,irst s of the committee of inquiry out a f the funds
of the company, and having been seconded this was alto car-
ried netts. con.
On the moti in of Mr CAPEL the thanks of the meeting
were unanimously vo ed to Lotd It desdsle for the valuable
salvi,e and 'owlet sti no contained iu his letter to the share-
holm.
A yore of thank, to Mr. Raiford, the chairman of the board
of directsm, was also carried.

TRAFFIC RETURN FOR THE PAST WEEK.

Milts upend.

Itec ipts.

Name of Itailw4y.

180.

LS 49.

1848.