The Express.
London, England, 1848-11-30 00:00:00

het May with the Belgian government respecting
canal, they received an official cocomunication Irons the fair".,
Public Works announcing that the Louvain Company from w„.„_.
proceed with their node, taking, and that It wee —wo_b
felted. Thle failure reltssed the Lomat:Lure Comma fry•
enjoyment to complete the Woe between Bnisons and NYunow whsle
It tell them the uedisturted pciefteftei of the 10 Who alrest"
the value of which wee 100,4X104. They held 14,0it0Lia—vo,,
yin stook st four per cent., mod the purebred rely of—Z
canal wax 264.004., making In all, 400,0001., against whichthwe...—•
a shire capital et 3110,0e11i. The dirceton proposed to raw
enwery sum by smell cell of V. or Si. a "here, to premed who ao—
canal, ow' to teem the question of railway foe future
satisfied that Um comal would return an immediate peek
Magnay having congrateleted the shareholders on the "'
character of the report, observed that their prep. rot yeti,,
which would enable the directors to make the most of the
and to enter into such engagements only with the itotoa...
meet. would be productive of advantage tenni:moony. It 3116 Z
opinion that if the lino from Brussels to leonine (et .4_,
were completed, it would prove remunerative ; but ~eo 114
Mond proceed no further than the ten ad:ft empty ezzoo/
at an uprises 100„0001., they still retained that pothe
new company woad be forced to purchase, or enter in soft
rangement about. The position of Me Luxembourg Darya, o„..
fore, differed ban all at the present mount; he wadi oil;
bad expended their meaty on different porta of lines., time of
pretty, which in tines of difficulty they were Pub', to wwwww
Luxembourg Ccememy had husbanded their remorees, had rope
no money melftely, and weft besides in mesemion of a Wedge pm
perty oaf le mike at roileray, "ankh was not liable to f Min efte
they did not proceed further sib it. They bad expended honk oath,
canal, but they hail engaged with the yvernment to fteoplete it, me
it was desirable that they should prone! with UM polcbk.
im that the money thus expended might be converted to
a wadi:
live property, which he was cert•ht would yield trim 10 to 12 raw.%
or, bitting the shares at their percent day eciatioc. Be percent. No,
much was thought of canal property in tuna country. that any ono
consonant with the caned traffic of Belgium must be woo,„
canal property there woe most remunerative, and yieldid gencrooili
or 17 per rent. The Charleroi Canal was conetructel by a i ricjo
company, who, no 5000 145 a railway was projected to run almond.
of it ell the way, mid it at tire years' nutritive to ;he goveromet whoalready derived 16 per ent. from it, notwitimanding the pyre
line of railway through As while length. But the Ineembourg Cab
puny, in undertaking this caul, would have no volway corem
tor the nature of the country woe arch us nut to Monty it.
The money y was mon over, s freehold. They would exemente
at the Important town of huge, the fire ten eau
of canal from which would, he wescertain, return I I or 13 per tent.—
The Chairman further suited, in rep)a to gunmen", :t the dlreetore
held a much larger amount of shares thou so. nectoury kt uoio
qualification, and that they intended to proceed with the retest.„
well as the carol if they could obtain "tuft tiros tram tho
government ea would Justify their doing so, but pot, of mum, sege,
out the tonna consent of the ohm eholders. Neither would too
director. nuke any tern.. with the Belgian government without rho
sanction of the sliareholders.—Mr. Alderman chine entered into a
statement of figures derlved from the meetings held ln Branch to
the yearn 1847 and 1849, to show that tbrre had be ahoy
expecdPure of the company's hind., and suggeeted, ko.
that auditors should be appointed to examine toe
and, next, Mr t a committee of proprietors shoe d be it=
to inquire into the pad uftsentions and future prosp els of teem.
piny. But the cbti an resisted the proritions, and jellied the
expenditure, the &Mills of which he said hail been orer and oft
again eitisfectorily explained. Dr. Waddington suggfted tag
pointment of en eminent engineer who would shit the and, oce
report thereon: but this proposition found no favour also a, the
hands of the meeting, who adopted the teport with oar dimming
(Ald. Money), and mimed a vote of thanks to the directors for ;ao
ilea. and integrity In the mud of the company.
MISCLLLANEOUS NEWS —Lr.eus AND Tann,.
A µimage has at I egtb teem accomplished between the teo
extremities of the tumid through the Brenham meet Iwo
woo off, eat ob Monday, the 27th inst., and MIA duly re+
memorstrd by the workmen. During the lad f ma4M he
works were much slower than had been expected, wefts to tae
rock having become coodderably harder. There is • Urge idea
water, also, which hoped.. the operations of the ofttrocton. RIM
be remembered that the tunnel is 2. mike and 20, yards long, newly
in a stnight line, and nearly all dipping MO* 1101111.