The Express.
London, England, 1865-05-10 00:00:00

LATEST SPORTING INTELLIGENCE

pr macre= 111,021/P11.)
CHESTER KEICTING.—(THIS DAY.)

£BO PLATE. Titree garters eta mile.
Oskar% Lisy Long, Tartar, Merry Lams, Elsa, and
Moidamy an hem
FLYING HANDICAP. Half ails.
Hasetpeerr, Qtessm et Treunps,Onrabory, Attraetion.Crytheie.
Praeoriptloa, Light, Jane Shore, Zno% Gipsy Girl, Cut-
away, Pantaloon, Jose Stick, Lacy Long, AWN, and
Vixen are here.
PAID Forsztr.—Cadeau, Sweet Margery, Skylark, Purity,
Beigrave, and Dolphin,
CHESTER CUP. About two rase and a half.
Im Toaeqoss, Tartar, Suomi" Oldminetar, Ashworth,
Champ, Brindisi, Lion, Bradamamte, Gratitude, Waaderiag
Minstrel, Leprooliatm. Hien:Vie dam e, Vicarious, Lord
&Waal, Bookfoot, Grimar, Faroe, Brewer, Fast Lynn,
Haien, Mcoatimainist, Ceres, Sidewind, Macbeth, Terror, aad
Sympathy an Mem
PAID FOILFZIT. —Dr. System, King of Utopia, Wonderer,
Barbados% Claws, Weiehbox, Magyars, Twilight, Golden
Pledge, Merry Heart, Thakatria, Hollyfo% Baum, Per-
suasion, Nussatos, Spring Gum, Industry, f by Jordan,
Nswassi, Commander% and Bully.

WELTER OUP. Kik and a half.
The Clown, Crossbow, Ilia Bowser o, Ballston, Tartar,
sad Means an ben.
PAID Foann.—Sacoms.

BELGRAVE STAKES. Hall mile.
Haabano, Lacy Load, Alberta, Pantaloon, Merry Lao,
and Valentino aro Iwo.
LATEST BETTING.
CHESTER CUP.
7 to 2 Not A/Acworth torn
9 to 2 Holes (t)
15 to 2 Highllyor's dam o (I)
100 to 8 Liao (t)
100 to 7 Victorious (t)
100 to 7 Graltudo
100 to 6 Baakfoot (t )
93 to 1 Gristlier (t)
25 to 1 cot Mtiodota
25 to 1 La Townson (
(t))
33 to 1 Blower (t)
33 to 1 Palumbo (t)

..--
TELEGRAPH CONSTRUCTION AND MAINTIt i,- .
NANCE COMPANY (LIMITED).—(THIS DAY.) ts.
--..-- St

This afternoon the first ordinary meeting of the as. 121
shareholding, the Telegraph Construction and Maintops** I„,b
Company (Limited) wee held at the London Tavern; Mt. J.
Pitman. M.P., in the chair. 116.
The directors in their report recommend the payment g
of a dividend to Dee. 31.,1864, of 5 per mot., which, with Is.
the interest at 5 per cent. per annum, will be equal to 10psr fie
cent per annum (free of ineomistax) on the paid-up share 26,
asphalt and that. the balm= then remaining of 43,3251.08.84.,
be corned forward to the next yeses profit and loos amount. Gk.
In =mance of the agreements entered into =two= the at.
company and Messrs. Glass, Elliot, and On., for the par. *
chase of the basic= carried on by them and by the Gut* lit.
Perch% Company, awards have been made by Mr. Bidder 12.
(the arbitrator appointed by the articles of amosiatioe)
for the building, machinery, sad pleat of Messrs. Oleos,
Elliot, and Co., at Greenwich, and their leases of the Malta in
and Alexandria, and Aletuutdria,Cairo, and Suez telegraphs, tit.
and also for the lands, property, and patents of the Gutta
Pero= Company,and their goodwill and essoufactured stook, P.
amounting altogether to the sum of :197,6711. 17e. Bd. Of 7;
this total the company bad up to the 31st December. 1864, es,
paid the slam of 750001.. but oncethat date large sums us.
have been paid by the oompany, the desire of the IL
direckus =tog to clear off the purchase money as N.
early ea possible. The further and final award in le„
favour of Mews. Glass, Elliot, and Co.. for ;;
the goodwill of their *Lain= of telegraph contractors and 20
manufacturers, it is expected will be shortly delivered, and At
the directors have in the meantime proviiimeally introduced to
into the amounts the balance of the sum of 176,0001., the 86
maximum amount of purchase moony payable under the ee
agreement for all the property and goodwill of the Arm, 84
except the shove-mentioned telegraph leases. Of this
purchase money, 100,0004. is taken by Merin.
Mew, Elliot, and Co., in fully paid-up shales. Ski
The work perfmneed by the company during the year end. tM
log 31st Deoember, 1864, consisted principally of the gt
manufacture of Atlantic cable, fitting out the Great Eastern
steamship, and conveying the cable on board that vessel pre. lot
goratory to the laying expedition, which I. to start in the le
month of July seat. The directors have had under their lie
coosideratica various other =atm= for important to
telegraph* lines, and believe that by the time their works at mg
Greenwich are clear of the Atlaotio cable, they will have at.
0000ludedunotiationa now pending for contracts, which will AL
prove of a safe and remunerative -haracter to the company. We
The profit and lose account for the year =dada in the green
moat the nuns paid for the quantity of Atlantic cable menu. it
factored (viz., 768 miles) at the mileage rate agreed to he go,
paid for the name as manufactured, one-half in eseh, and too
the remaioing half in debentures sod shares of the Atlantic tee
Telegraph Cocteau ; the balance of such profit sod loos 100
therefore subject to the realhatioe of those securities. In la
addition to the price par mile, this company will be 6861116 d too
to a large rum in cash and *um upon the suommated laying tag
of the cable. The board have =dean arreogentent with the too
directors of the Great Eastern Steamship Company for the MO
payment to them of the sum agreed upon for the bite of the le
vestal in shares of the Atlantic Telegraph Company. bat the E.
amount is payable rely is the event of the cable being .r
ettoceintolly laid. The manufacture of the cable, and the N.
arrangements on board the Great Eastern for laying, are es.
progressing so favourably (under the euperlatendence of a pe,
very able staff of oaten) that the directors entertain no sek
doubt ea to the anzomplishment of the great object they 7::
have in view. to
The report was adopted, and a vote of thanks to the
chairman agreed to.