The Express.
London, England, 1851-12-24 00:00:00

yr, ,r ~,trq

LONDON, WEDNESDAY EVENING, DECEMBER 24, 1851.

SOUTH-WESTERN RAILWAY.

toting either for the amendment or for the original resolu-
tion.
The meeting then adjourned till Wednesday neat at 12
o'clock.

Yesterday the adjourned meeting of the propie-
tors wu held at the Nine Elms Station Vauxhall; Mr.
REED in the chair, in the absence of Mr. Chaplin and Lord
Merit y.

The CHAIRMAN, in opening the proceedings, said the
committee had been most assiduous in prosecuting the in-
quiry, and the result of their deliberations would now be
submitted to the meeting.

The SISCIMAILY then read the following report:
" Having reference first to the Central scheme, the atten-
tion of your committee has been directed to the terms of the
heads of agreement submitted for your decision, the second
clause of which is as follows, viz., The South-Western
Company will pay over to the Salisbry,Yeovil, and Exeter
Company one-half of the net profits brought upon or car-
ried from the now existing South-Western lines, such net
profits to be ascertained by deducting from the actual
takings 20 per cent.' It appears to your committee that to
estimate as ' net profite* 80 per cent. of the ' actual takings'
for passengers and goods is to exceed the limits of fair cal-
culation' and that whether the 'net profits' be correctly
estimated or not, to surrender to the promoters of the ' Cen-
tral Line,' in addition to one-half of their own gross earn-
ings 40 per cent. of the actual takings' in respect of the
new traffic over any portion of the now existing lines' of
this Company, tither to or from London, Portsmouth,
Southampton,Dorchester, or any intermediate station,would
be in effect tantamount to a guarantee of their maximum
claim—vix., 6 per cent. upon their capital. If your com-
mittee are correct in this assumption, it follows that, inas-
much as a direct guarantee by this company of 4i per cent.
would be amply sufficient to raise the required capital, you
would have to pay, through the complicated process now
recommended to you, 3-3 per cent. more for the construction
of the central line ' than it would be needful to expend
under a more direct and simple arrangement. Your corn-'!
mittee are of opinion that, whenever the period shall have
arrived at which it may be deemed wise or prudent to pro-
mote a central line,' that object would be best accomplished
seaby a are* proossbs as this part of this company, by which
dataembognrgli gellaiagenimint lie {Meet ipossible
cos% bat els emnsernemen and management of the line be
placed under your own absolute control. For these reasons
your committee are of opinion that the present proposal of
the central scheme' ought not to receive your sanction.
The committee do not reel themselves called upon to ex-
press any opinion upon the policy of renewing a contest
with the Great Western Company, with whom as with
all other companies, they consider it highly expedient to
the interests of this company to maintain friendly relation,.
The proposed extension of the Coast Line fromborchester
to Exeter has been fully considered by your committee, and
they feel bound to express a very decided opinion, that the
construction of that line cannot fail to add materially to the
value of your property, and that it deserves every encou-
ragement and old which the proprietors of this company
individually may be disposed to give it. Your committee
have felt it to be an important part of their duty to con-
sider the position in which this company it placed with
reference to the completion of the line between Basingstoke
and Salisbury ; and after much deliberation, they are of
opinion that it would be expedient for yuu to request the
directors to furnish you at a future general or special general
meeting with further information thereon. In the mean-
time, your committee cannot too strongly urge upon you the
sound policy of authorhing your directors to resume, at the
earliest period compatible with a duo regard to economical
arrangements with contractors and others, and to complete
as a single line that portion of the railway which lies be-
tween Basingstoke and Andover. Your committee have
ascertained that the works lastly alluded to are, in point of
fact, in a forward state, and that the rails arc in hand.
The further outlay, therefore, although considerable, is of
secondary importance, inasmuch as it is a question which
may involve the permanent security of a large portion of
yollrfp.rflin7;said that, in the absence of his learned
friend, Mr. Scrjeant °melee, the chairman of the committee,
who had desired him to express his regret that he could not
attend, he rose to mow that the report now read be re-
ceived and adopted. The main grounds of the committee's
conclusions appeared on the face of their report. As re-
garded the claims of the central company, he must remark
that there were great discrepancies between the directors'
report and the heads of agreement submitted by the central
company, and which did not appear to have been finally
settled when the director** report was issued. According
to the report of the directors, the central line was to be
handed over to the company complete, and they agreed to
work it absolutely at 50 per cent. of the receipts, whereas
from the heads of agreement it appeared that the net re-
ceipts were to be charged to the actual cost, including in-
terest, but not exceeding in any case 60 per cent. Thusif the
gross expenses exceeded 50 per cent., the lose would fall upon
this company ; if they fell below that sum, the whole of the
difference would go into the pockets of the central company.
(Hear' hear.) Then, again, the directors had told them
that it was proposed that they should divide the net profits
of the additional western traffic brought by the new line.
In the heads of agreement the word " additional " no-
where appeared. For "additional" they were to read
" all," so that if a passenger were put on their line at Salis-
bury, though he might have travelled only from the nearest
station, they would have to pay one-half of the net profits
arising out of the fare just as much as if the passenger were
brought from Yeovil or Exeter. (Hear, hear.) Was that
reasonable ? (Hear, hear.) The net profits were to be
calculated in this way. They were to deduct from the
actual takings 20 per cent., and 80 per cent. of the earnings
were to be considered as clear profit on their part. The ar-
rangement amounted to this. One-fifth of their gross takings
from all traffic brought upon or carried from their
line by the central company was to be deducted for expenses,
consequently there would remain two-fifths for each of the
parties who were to divide the residue, and they would have
to give up two-fifths of all receipts on the respective lines.
Such were the terms proposed, and the committee, after
giving them the most calm and patient consideration, were
strongly of opinion that they were unfair, unreasonable,
and improvident terms ; and therefore they strenuously ad-
vised the proprietors to reject them. (Cheers.) With re-
gard to the Coast line, all the committee said was that it
deserved to be encouraged. The addition of 50 or 60 miles
could not be otherwise than a great advantage when they
were to pay nothing for it. As respected the completion
of the works to Andover, the committee thought it neces-
sary ass protective step.
Mr. BAKER seconded the motion.

IS I
St. SS
U SI

is I ts

Notting., Dom
Land loot !unction

Birs.Woh:. iStoarFallipi
birkielaid,Laneuhire,i
Owe hat..late33l.6s.bL
Meier sal Vaibek
Daft awl WhisJoes
Dwatl4teltiwildlaet7
bit Z&
Do. (so
Beaten CeautUow_
Brum V.ion Quo A
Date u. e 6.)bu elms B ono oeiti 4
I Do. New Where
,Wt i West ludia Dock!

dt.lloo
41
01.1100

60 i 7
SS
I il
AS
St $

so I is

end Binh. iune Jon—
Edinburgh nod Glasgow
Edinburgh, Perth,ltundr.
Glanow ac South Western

13;a1-!;„.;-th:i;

iiiaTee,A,Deieerri:
sharer, U,S per Ct.
']:.South. and WM-lire.)
Great Western
Lansaw r and Carlisle ..

Do. Thirds
UtacaOure and Yorkshin

Do. Pine.

FL: West
Leads Northern
Lomb' and Igarikwall .
Lon., Brighton, Con'
Loudon & North-Viesteri
Do. do., I shuns

e.(b
London St Bouth-Westerrd

Manch„Bax„ and Mat!od.
toneli„Nhcf„llLincolnah.
no. Man.% UDC, Uthot,

I. Wru. red D by

rc".;i7o.r:te;;1(1)1

Fie;Tet:Abelganii,
red Herird...
Mew, y and LoaWass...

INorthem Countiss T;nia•
North British_ ,
!North .

I)7i;i
INurth kliouth Wettt.l!no

ii aii.
st. 15
St. 16

Wore, %Wolves..

Ocottish Midland

& Class A

7 dis

ii du

Of
n Pi
llt
15 136

49 31
28 29
3 61

181 181
5 31
11
83
13/
83
83 861
78 80
1 et Pl 6
38 864
—die
81 8 .
6 Se .
14 13
46421 71t1
116 116/
71061
2 2
II 1 ”
841 81 "
6 Lk
7 6 „
I St
12 83_

1"1
I
161 all

Tit -It dli
17 19

73 11
Si ft die

20 12,

il lii die
3 24 dim
7 Ti
8 71 dla
76 6I ~
idle par
IS 15i
It Ni
9 94
71 8
6 61
4 41
4 86 de

•tkrewebollklierolordol.6
shrowobery sad Chester
(Nov. W. Km.)
Do. [hires
1)o. °sweetly
Do. New ...
I Shropshire Union
South Devon
South li.otern
South Wake .
16 iouth Yorish.iiitiu;g4

..ockton and Ilarttenon..
rhamtallavtalUoenklLan.

Wet.76;r7i.n171-----
WutetArrd and Limerick..
Torit,Nevesetteatherwlai
Do._ do.Mtemioas

a..o.74:l3:Krch—Zre I
York mai North Midis&

14 16
7 6
10 11
4 dM
61 Als
14: 16
28
101 21
291
3 24 AL
10
II 13
16 13 48

13 18
TI 41 dls
34 3 "
22 314

LINES LIMED cr MED

al
Kt Diet—ninabizatfor.ll ---
----
sallidulepd.,oewithruar.
onto. (law. to Ot.West. SI St
1101 Ditto without a gastan
(latanl to GreatWastarn $$ se
all Bina., Woly and Dulls,
ealletlalyp4orwitlaue.
(lamed to OreatWastarn I la pia
all Ditto withoatagurantee
(lead to Quatifeatus
17E BucluagbanulAre (lewd
to LatulookN.Wutarni
SO Clydarkde
_Aairatles
(1 - •
1111 DAL
(leaser ,
O Olouesetke .
(lewd to(..
Hallanialby(L
Do.
I Do. t.
n sham
Or
'Ludo& P
• --

Mr. BLUNT! a dissenting committeeman, said the
reason why he dissented was that he feared that if they
did not enter into an agreement with the Central Com-
pany the Great Western Company would.
The CHAIRMAN said he was quite willing to admit
that the inquiry hail been properly conducted, and that the
committee were entitled to their best acknowledgments.
They were met there as partners in one concern, and the
board desired nothing more than that that line should be
adopted which would prove most advantageous to the
shareholders. The question was, what course they ought
to adopt for the security and increase of their dividend. It
was not:a short-sighted policy which should guide the ac-
tions of a great company like that. They must not keep
in view only a few shillings more or less of dividend on a
miserable two or three hundred thousand pounds ; the
question was, how a capital of 8,000,0001. might be rendered
most secure. (Hear) The board believed that the com-
pany's interest would be best secured by the adoption of the
central line. Haying regard to the lines which the Great
Western Company had executed, or had the power of ex-
ecuting, the directors conceived that they would not have
been justified in .standing with their arms folded and not
bestowing on the subject their gravest attention. (Hear.)
They had wished to have both the lines proposed, but they
thought it quite impossible to find the requisite capital. It
became incumbent on them •to make choice between the
two, and the board believed that, looking at the future
prospects and revenue of this railway, the central line
would be the best. The shareholders had been told that
the central line would not produce more than
I
6001. per mile per annum. le knew not how
to deal with such absurdities. (Hear, hear.) The
Bristol and Exeter Company took between two and
three thousand pounds per mile, and if it were said that
only 6001. of that was through traffic, that was so much in
favour of purely local traffic. (Hear, hear.) In 1847, this
company was willing to take, at 1,8001. per mile, the re-
ceipts of a railway which it was now said would not pro-
duce 6001. per mile. After making all proper deductions,
he felt convinced that the central line would produce far
more than 6001. per mile. He would take off 50 per cent.
from the traffic originally estimated. It could be proved
that the actual cost of working the Dorchester lino was
503/. per mile per annum ; he had not the least doubt that
the traffic of the central line would be at least as great as
that of the Dorchester line ; and if he deducted 50 per cent.
from the estimated takings on the central line, leaving
1,1001. per mile, there would remain quite sufficient
to secure this company against loss. (Hear, hear.) At some
time or other the company would have a direct line to
Salisbury, and its trains mast work in harmony with those
which went further west. How much would be the cost of
conveying 20 additional passengers from Salisbury to Lon-
don? He believed it would not exceed 20 per cent., the
amount which it had been proposed to charge. (Hear)
It was difficult to say what might be their regrets by and
bye if this central line were not taken up by them. In the
last put of the report he entirely concurred, and the direc-
tors would, at a later period, propose some resolutions on
that subject. (Cheers.)
After some discussion
Mr. R. CURRIE moved as an amendment, that the re-
port of the committee should be received, and that the
directors should give it their best consideration; also that
the alternative mentioned by Mr. Locke that day with re-
gard to the raising of the capital should be considered.
• Mr. SAINTSBURY seconled the amendment, which
was lost on a show of hands.
A poll was demanded; and after a long and very stormy
discussion, the chairman determined that it shoulu be open
for one hour that evening at the Nine Elms, and be re-
, opened at the York-road Terminus on Monday and Tues-
I day, closing at 3 o'clock on the latter day. It was also
arranged that the shareholders should have the pinta of

I 9pm

all 191 Is}
Ceiedocilia I4I 43
eitLineolosh.gnarAlp.CLl
(leaved to Gt. Northern), 236 33
loaceeter % Deem 'west,
I (lensed to GreetWeetern 4 4pa
60 HulltdelbyiLiorLaNXld 104 IG6
26 Do. shares (ditto) '6l 62e
121 Do. shares (ditto) 24i 236
20 'Ueda& Bredroed (Midland 101 lel
;1 In London nee Greenwich,
I (leased to South kantern. 111 13}
30 ,Ditto Preference (ditto) 94 26
20 Lowestoft duar.npereent
I (leaned to Norfolk) —
o SO Northernrshaetern 9pseCt
tleaeed to EseLCounties
, 43 Ditto ditto New
22 l3 PlestostWyre (less. Lois
I InN.Wert.eLene.&York
126 11 !Ditto 'bares (A) (dljtcil
14 14 'o6ll.,Guild., and Reigate
i (land to South Pastern
11/1 Ililloystew and Hitohln (lees,
to Great Northers
4lD3.Bheiseth 151100.41itt0
II oil9oethtittffordehlrelleseed
I is 9tr. 6PClran
36 25 'Wear Valliy. p.
(leased 0 StaktonaDar.'
113.1100 With lk Somerset (awed
to Greet Western.

34 36
4 6 pci

4 9i Pa
211 11i
1 :
11 fps
Ri If the
if 21

92; 92i

P11611311611C11 MAIM
Rd 10 iCaledoulan 610 ... „ . 7i 71
IS 1 IS Cheater and Holyhead .. 161 16
61 all 'Dundee, Perth, and Aber.
dew Junction ... „. 1 1 die
le 31 ffeatenslianp/.10e)60.C1. 21 2i
ell 61 Eastern COUIANIS Eaten..
3 per C' No. 1 1 1 pea
61 6; Ditto do. No.; par i pa
10 10 ,113. New 4 per Cent. 3teek, 101 i 1
30 20 'lleetlintoa,deripau.66.3 0/ 104
o 6 Idlaburgh, Perth,
3,1
Dundee, 51 per Cent 7 1 1 dle
12C 121 Great Northern 3 wrGest, 1 Ifi
IS4, I, Do.spCt-ItedeemebleS=lo, 1 pm
IV VOClltbiglirectrn(l)!Jilitlo I II 0.1
SO 1 6 LemeashirekVorts. 6 EV', dim
61. 100 I Do. G per Cent. Stock .433 133
04.1100 yeadon„Bright„laLCeen,;
I Pret.SperCt.Stoek,llsl.,
16000 ,Do, New Guar. epee Cent. 141 143
lh 13, Loudon A N.Weel.(Cor.
' . Nuneaton) 3 per Onst.f.l
50 3 ,LoadomilcdthWeetern New
35 ' 16 Nan.teheff.kLusc.ltu.Nol
101 10 Do. New 616
6 3 Do. 69
lit. 100

111,11aridCcn..11i.64.6p.de
I Ditto Pederson .........
I Noriol6 Eitearma... ~.
Do.Giaratitted Si perCt
'North Briti,h ._ ... ...
North Sta.rorihttire .
Word. Woecoriter, ri.id
h Waiver., f 13.6 per Ort,
0 I turowl.kbirm.N.wGuar.
10 10 ItChertio(Nor.R.
Min.) 6 per Gent... .-
IS SS South Devon ... ~ ...
17 17 York. Newz.irtte,& Berm..
Ot.North of Eng.pureb.
17 S Ditto Ditto - ...
U 111 TorkaNJLid.ELAMParak

IT I
D

10 jli li 1,0
11
131 121
111
131 134
i I dil
13j 10j
4 41
4J 3

A dislot par
94

70111131 114
sad Amioso = .
rent* (118118
DOM
.1114 ham
Indlxm
Laumbonro
Do. (Railway)
I Do temaD
eV *aria Antoci
114 Do. do. Now ...
SO Namur ale Lime
18 Northern of ?roma...
9 Orleans 414 &dem
1) Peru an.lerlamo
20 Nei and lama
18 Pars and Mr. %boort ...
fD ,Roam and Harm
lambrt and Nears.. ...
17 70.1r9 mad Nantes
BOUM YlamMes...

1111
I 41
10 I 3

134 16
11 13

161 I i

1.1 i
fli

!011ie
! it II

iiel i i
Z 5

Sii 7

isi 164
3 1',4,

S
20i i 1
1

16 In In
►6

821 I

101 l
Ili 111
Siii

ILWAYS.
10 101
19 191
4221 i
2 i pm
in
121 4l

1 11
3 die
S 11
slat.
slt
:21 at.:

fi
Ili i
4,1
2sl
141

MONEY MARKET.

THIS DAY.

Two o'Ctoex.
In view of the position of the money market the
decline of 1 per cent. sought to be established in the
English stock market yesterday on the strength of
alleged cabinet dissensions, has to-day, even in
face of a confirmation of the rumour, been almost
fully.. recovered, although the intelligence of a heavy
fall in the French Rental yesterday afternoon is re-
garded as a circumstance the reverse of re-assuring.
After the extraordinary rise on the Paris Bourse, how-
ever, a reaction consequent upon the realisation of profits
was inevitable, and it is by no means improbable
that operations antagonistic to a rise may henceforth
form a more important element of business there, the
present range being so high. *ports relative to a
proposed conversion of the Fretch Fives, are also
stated to have had some influence in producing the
depressiou.
Consols opened at yesterday's depressed rate ofl
96:a to ex div., for the 16th January, and have since '
rallied to 96,t to 97, at which they remain steady.
The business includes another purchase of Reduced
sharesby the government broker,the exact figure being
971. The official basinesslist includes : Three per Cent.
Consols for account, 97; Three per Cent. Re-
duced, 97!, t, S; New Three-and-a-Quarter per
Cents, 98, 4, ; Long Annuities, 1860, 7 1-16.
With the approach of the holiday season there is
bat a small attendance of dealers in any department
at the Stock Exchange to-day.
Exchequer Bills are ls. lower to-day, at 495. to
525. prem., with less doing. In India Bonds there
bare been no transactions as yet.
and no marled' change in prices. Spanish and
Peruvian are firmer, whilst Mexican Bonds show a
little weakness. Russian Four-and-a-Half per Cents.
remain at Yesterday's rates. On the let of January
next bolds to the amount of 110,0001., as drawn
at St. Petersburg in Oct. last will he paid, off. This
is the first application of the sinking fund of 2 per
cent. per annum, availablefor the redemption of these
bonds, and the operation is consequently the
more interesting. It will thus be seen that
the fluutuation in the price of this stock
may be expected to be confined within a nar-
rower margin than heretofore, the bonds being re-
ikemablo at par, or 100. Transactions are con-
fined to the following investments: Brazilian
Old Five per Cents., 93. Belgian Four-and-a-
Half per Cents., 91, 921 ; ditto Five per
Cents., 1001. Dutch Two-and-a Half per Cents.,
591, 1. Mexican Bonds, 261 1,1. Peruvian Five
per Cents., 1849, al. Sardinian Five per (ent.
Bands, 831. Spanish Active Five per Cents., 21.
The Californian gold mine shares are quiet at about
former rates, except that Agua Frlas are a shade
lower, at Ito 1;7 prem. Nouveau blondes are worth
Ito # prem. British Australian shares are quoted
to t prem.
By the advises from Berlin, we arc informed that
the long expected Four-and-a-Half per Cent. Loan
had at length come into tho market. The amount
is about 2,100,0001., and the issuing price 100, with
sundry allowances to the principal subscribers.
The meeting held yesterday of the claimants or
the caution-money deposited by the Lyons and Avig-
non railway company was adjourned, to learn the
result of the visit of the deputation to Paris.
With the approach of the great half-) early divi-
dend period, notice has been issued of the due pay-
ment of the dividends on the following stocks, all
due the Ist January, viz. :—ltussian Sterling Four-
and-a-Half per Cent. Bonds, Canada Debentures,
South Carolina Bonds, Maryland State Loans, and
tho Harrisburg and Lancaster Five per Cent. Ster-
lin Bonds.
The transactions in the market for foreign ex-
changes yesterday were not of an extensive nature,
although the supply in most instances was not de-
ficient. Paris was done at 25.171 to 221; ditto,
three months, 23.371 to 421. Amsterdam was
languid at 11.17 t to 18. Hamburg was freely
offered at 13.10, and found buyers at that rate to 101.
Spain was not much inquired for, and done a shade
in favour of buyers, whilst Portugal was in better
request. An amount on St. Petersburg was nego-
tiated at 361 to Z. Vienna and Trieste were deci-
dedly lower, but the merchants do not place great
reliance on the expected improvement, although spe-
culators on the Vienna exchange anticipate an emu-
lation of Louis Napoleon's "rigging" the bourse on
the part of Baron Krauss. The price for Vienna was
12.30 to 35, and for Trieste, 12.38 to 40.
There is no change in the prices of bullion. A
large quantity of gold quartz has been received, but
particulars are not yet known. As yet no remit-
tances of quartz for disposal in the market have been
made, but it is to be presumed that small parcels
from California and Australia will be consigned for
immediate sale.

The amount of bills drawn by the East India Com-
pany on their respective presidencies from the 7th to
the 23rd inst. is as follows :
L s. d. Rates of Exchange.
Bengal.... 228,520 8 5 1 2L per Company's rupee.
Madras.... 55,145 5 3
Bombay ... 2,520 12 6 2s. ON. per ditto.

Total 286.186 6 2
Subjoined is a detailed statement of the amount
drawn since tho 7th of January, amounting in all to
2,079,411!. 16s. 11d. The aggregate amount re-
quired for remittance in the year 18.$1-52, and ex-
pected to be realised by tho sale of bills, according
to the usual notice of the company was 3,000,000!.
Jan. 7to 23 £143,112 14 6
Jan. 24 to Feb. 6 41,416 12 2
Feb. 7 to 22
Feb. 23 to March 6 20,482 0 7

plarch 7to 2-2
March 23 to April 6
April 6to 23 128,850 5 7
April 24 to May 6
May 7to 23
May 24 to June 6
9,528 8 3

June 7 to 23 77,790 18 10
lone 24 to July 5

,__
July 7to 23 - 67,321 17 6
July 21 to Aug. 6
Aug. 7to 23 90,913 16 0
Aug. 24 to Sept. 6
Sept. 7to 23 67,122 15 3
&pt. 24 to Oct. 7 25,400 1 1
Oct. Bto 23
Oct. 21 to Nov 7 98,574 5 11
Nov. Bto 22 379,217 16 9
Nov. 23 to Dec. 6
Dcc. 7to 23
ENOLIIIII IBM Ra—Tnie DOT.
Bank Stock. 2141 151 Lonk Annulties,sbul
3 toe Ct. Redo:oil, •J7l 1 bulls Stock, seat
3 per Ct. Consols, Asa Ditto 80nd.,1,0001., Vii. 63e.
39 per Lt. Comma, toll 2 Exchequer 9i11.41,0u0i. 49g. 521.
Consols for Acct.. 9St 7
FOREIGN FUNDS.
41 per Ct. Belgian, 90 3 3 per Cl. Med:m.264 1
5 Pit CL Brannan, 23 5 5 per Ct. Peruvian, EIS 20
Do. New, 924 Ditto Deferral. VI 22
4 por Ct. /tour, Aims, 48 21 6 per Ca Portucueic, 10 3
C per Ct. Ciiiiion, 97 110 6 per Ct. Ramis°, 11l 13
par et. Chihli., CI 4 42 per Ca %salon, PO 4
3 per Ct. Denali, 76 7 6 per Ct. Sionnah, Active, 351 1
24 per Ct. Dutch, 59 6) 3 per Ct. Smitilsh, 49 4
4 per GL Dutch, 87 90 Do. Passive, 5 4
Erundor. :I 31 21 per Ct. Voile:oda, 34 6
1 per CL Orcoula. US 6 lit Do. Hermitl,ll2 129
Sari ..tmlin per Cent., 43 to 55.

THE NIONS,TER IRON STEAMER building for the
Peninsular and Oriental Company, and which is to run
between Southampton and Aler.andria, is, to be named the
II imalays.
PARIS AND LYONS ROLwAT.—Tho adjourned
meeting of this company was held yesterday at the London
Tavern, Sishopegate.strcet. Mr. Alderman Salomons took
the chair, and said the business of the day would be very
brief. The committee had felt it their duty, previously to
going to Paris, to avail themselves of the opportunity of
consulting with the shareholders u to any measures the
deputation might deem it their duty to propose. Seeing,
however, that their powers were so ample, and having re-
ceived a favourable answer from tho Minister of Public
Works, the committee thought it would be better to reserve
any further remarks till the result of their visit to Paris was
known. There being no objection raised to this advice of
the chairman, the meeting adjourned.
THE RECORDERSIIIP OF PORTSYOUTH.—Thomas
Phinn, Esq., Recorder of Portsmouth, in a letter to the
council of that borough, read at its meeting on Monday;
sent in his resignation of that office, having been appointed
to tho recordership of Devonport, vacant by the transfer of
Mr. Greenwood, Q.C., to the ass:stant solicitorship of the
Treasury.