The Express.
London, England, 1848-08-26 00:00:00

THE EXPRESS, SATURDAY EVENING, AUGUST 26, 1848.

elate. Thant udenee e( continents In the present cadres. rather than
peetioning to a future one te oppliortion for It bilis hue be.
empty proved, In romeit she further rename lot thoune tit Lords
halt limited to Me treys only, and the sets have therefore
halted ut a omperstively slight brume of espouse. The proprietor.
are reminded that no cell beyond the deposit un the capital tide eenbed
fur thus lines can be made before July, 1819; nu retire measures
will, therefuee, be taken for the relent reopecting them. Powers
have been unwed he making the several minor extensions and im-
provements ntentimed in the last report., t übject uninitortent nee
diet:anima After much oppneition hum existing Meam-paclut Bite-
meta, the co'mpany bevy rem been authorised, for feprteen you., to
purchase end work nteam-peekete between the purM ua the rout hers
exist with which the riouth Western Railway is connected mud
France and the Channel blend.. In the Windsor district the direr:ors
feel that the:events of the pare half yearere very satiefsetory.Under their
original power*, the Weaker, Matinee, and Suuth.Western Cunapoo)
have, with greet rapidity, completed their line:between Richmond
and Dateliet; and they arc making presto.. alenfp line by
Brentlord. The former Me has been placed in the hank of ties
company, and was mental fur public, mane on
se., this e the 22nd Me
oony by etent. By
original nibs:lit/lion, out subsequent purcha m
us
become owuere at the pram:Mel par of the t 1 indoor capital; etid,
the centime agreemeut does not 'Amide for the tome 011 which Ude
company Mali lever and work a part on' y of the Winokur then
pa
oval nyte I
lines, and it is ellulient, during temporaryorery erningemont, to
the keeping of the owparate gemmed of earnings end expenses inci-
dent to the ascerteiiting of a prulit rent, the directors et the two com-
panies have agreed (eubject to the approval of theU eleolfiern)
that the Completed portion ut the Windsor tine. thould be worked by
this coinpaity, for the leveed, at or fixed rent uf 5/. percent. per...emu
upou the 110111 up cepaal. This not may probably bv emsidered high
whist the once aro may open in part, but the cutest
of this nonipan)ts letertet in the %%Imhof cepital, and theconvoitence
which will mutt from uvoidinx the capen• e and trouble incident
tn
fixing a profit rent, iitoluee the directors to reeomnistal the arreeee.
menL With unmet to the pew dings of the Winol.r thenpany
parliament during the hist straion, the resulte, olthoueli sheet mg then
those N.-Welt the cuotp.ny sought, ere not unsatintactory. The com-
pany were t onopteltd i y the Commierimere of Woods, in the e
rJun
of 1841 to udt a ststion, ct nattily not in conveient foe We town o
WiteisUr nn woop uld ether wise have been selected ;but it w. a tht it un-
f
damn. cl that the comertesermrs would allow no other to tho-nl, or to
their oulltpetitors. Th West mime Company thr relore took Ines tire.
kw oppeodeg the Great rn Compaq... poll to moire a Wino-
ger hearth cordate nearer to the town than the etettue pre-oiled hod
year;, out her heosety haying graciously commented te estooion oa
the inslow, emote., and South Western Me from Datelrut
mess the Iteme•park into the town of Windsor, evt ry
abteet of the IA indoor Company it 4 thus been attain., it. The
extension from Oudot to Windsor will be imnrediuttly pri-eveded
with, arid wrtl, of coarse, be Meluded in the lease to thin company.
he total gement at capital authorised to be rubel uu the terms s.a.e.
timed by the special la ectiug or November leet, by ate Mere pao
Is an follows Salisbury aid Yeovil katemiun Act, /175,04.101. • Exeter,
Yeovil, and Dorchester Railway Act, 900,1100/. Of to pure'llese that
line 500,Use1. noltii Mud', ; London and south Wentern l'uereany's
Ametultuent Act, intd, incluthior WO,Ored. fur the purchase of team-
pockets, 2411,000(.; total, 2,015.0001. ; or 120,00 u chutes f
161. Ws. 4d. cult. 'The total amount aetuelly milweribiel for is
1,71110331. '.s., sr 102,-(ko ouch Amen.. 't he directors propose that
the mein representing the latter amount should be called in, the &llama
Tegistereil, and the uotereet paid to the reghtteted holder.; a 4 be-
lieving that the etecholutrou of liaise thirds lets shares of si.d. tech
would le bensticial to the proprietors individually, and to the com-
pany, the threVor- leconiniviel that the opportubity amended, en the
remstration ut the eir.ptrokiera, should be made available fur effect-
ing this operation. A milieu proceeding, with reference to WO Lloyds
of 1641, end We tot stares ut 1645, would be attended with tuba` ad-
vantage.; and the directors recommend its adoption, and also the
0011Verseoli of the filly paid up 5, I. and Out. shares of Drlll
(comalidated tenths) into transferable chick, at such ropective
periude as the board may her/alter fix, having regard to the COO-
ye/mot working outlet chew verious eternern to the treasurer's oflice.
The datotoie hare only to Mil an etertmein of their confidence that
with the reit.rniog prtsperily of the country, and a more sealed state
of the cordite at, the receipts of the underteeing will tqual the eXpen•
tenons wLica have Wee to better tainee,enterthined end upon the
blurt erectical mime icuth they hove yet erijoyed, they we no e oree to
doubt that he large ndaure iu in
the London termi
has been perorate rey maple, rind will moult in a great developmentnus
traffic. At the sante rime the diteeters have felt tallest mum by the
diminished rate of nothing% to institute still more strict exemuctions
into the working of every part of the line; and the propriemno may
rely, that whilto Inch, ushoitting the public debt to liberal MM..-
nuxiatioa, the directors will never forget that the drat object of their
appointment, 1111.1 of the company in its ...OSUMI ion, is to trap a her
reurunerution for imontinen.s. the directors trust that by watch lot
attention to there priociples they will always be enabled to meet the
met expectetione Loth of the proprietors anti the public- The capital
eccousa to 30th June last thowed recatian at 4,121,2711. les. UJ. ;
payments, 4,217,0511. les.; balmiest, 197,001. Os. f/d.
The chairmie, in Musing the ndopUon of the report, end that it
was deeply to be deplored that cirruinaturiCes over which they bed
no countryl had influenced the attain. of the company since the Lint
meeting. But that the etenpauy haul been renounced by thetas dr-
eenalatteeell Could lint excite wowe when it was remembered that
the rade rty, of the north, on whose prosperity their line mainly de-
pended, had suffered likewise. Their summer and merchandise trade
had been tenoned) affected, and the ptogreurve improveureet V. tech
bed beeit expeoed nut teemed. They bed else 9U miles of new lines
which bad Men barely opened a twelvemeath, and as a matter of
mnu, the trattic up un them had not been developed. The political
changes which had taken plate in the En nth nation, had taken away
a quantity of their learnt; read the other circumstances of tee times-
the financial pc: soue, the revolutieturry movements throughout
Europe-aid, lastly, the unfavourable weather, had moots' curdle
Interfered with the teethe and recreation on which the &snick em-
braced by the line, so greatly depended. On the moeject of the
development of their Melte of new lones it irall very dirticutt to nod a
parallel in Enghied; taut he hod bad tome experrenic in the Puri. and
Rouen Railway, whtelt commenced with 84 miles- That extent had
never been either inereced or diminished; aced he (sound that iu
1843 (Inc ANt year' the weekly recipte were 3,7681.; In .Bil,
5,004.11. • in 1845, 3,6001. ; In 1647, 7,6571.-hamug our e than doubled
in teaCtime. If they did ant mimeo' ow well as that, he thought
they might cdeulete on a large therms(' en the whole of their new
lime. Ile remembered paying to the pmprictors on e former off.-
sion, that the number of momengers to all the leading town* would
double every reven years. In this country they found that
in Isle there were 1,1/52 miles of railway In operation ;
coin
in 1648 they would hate 5,016 miles-including what would be com-
pleted durreg the year-.hewing that instead of waiting for traffic
from an increiee of population, the railways had progressed faster in
a far greater degree. Therefore, it was their own elude for getting
on In defiance on all mow., Ic anticipation of the increme of mates.
It was therefore neceeary that they should wait patiently fora deve-
lopment of Week sulficient to meet their wants and view.. If e be-
lieved it was gener,lly acknowbsiged that they hid been uneble to
restrain the necessity for continent acts.:-the neceesity iff orrepe-
on with eimpunies who would othr wise take opeortunitier out of
their broads,t beteg great etimelathe for going forward, farther pedlars"
titan tht it means would allow, find Meter Wan the traffic eoulil emu.
mutate. sot he hoped the proprietors mold see In
tact at thou difficul-
ties were comers:cot. On the 2sth 1811, u dial 0011
of his peek:hug over there, the report of the directors stated that the
general depreesit u which existed in every brunch of trade, cornbinfel
with the unfavourable carom, furnimied further grounds for the re-
duction in the rev in Thus they found that they wcre eubject to
the same dant:urine nix or seven yearn ago, but had recovered them-
selves ethic and obtained a high potation; therefore them was every
reason to hope that similar arcumsteneee would again wear away,
and that the traffic would accumuLtte in like proportion, and that
their wishes woo: be duly met. They bad, in tell,
281,460 passengers on 70 miles of railway ; and in 1818,
when they h.d extended their operations over 191 miles
they bed been fortunate eneugb to obtain 158,734. And he thought
the fact afforded just grounds fur considering their uidertaling
thoroughly mould, and that a would prowl
in due course. In
accounting fur their prevent Keaton, they had to consider the in-
crease of expenditure coacqueut upon the &ware in the number of
etatims from 14, which wee the entire number a few years ego, to 58.
They now had very bad tiooa to go through,. and notwithstanding
thou bad Linea, he hopest they would sigrce with the fetleirt of the
directros in nut dicbarging any of their workmen, police, and porters
to that extent which they might base dem, considering KO they "tne
directors) Lad, that the opening of the Windsor be:ow:hes and the
elation ut Weterloothridge, would render their auroras eyed-
able, and peen rat the eugagernent of inexperienced hereon.
Wilk regard to the Waterloo bridge extercion, be latne d that every
credit would be given to the directors for anxiety and care in the un-
dertaking, from the working of which he anticipated most satisfactory
Ca results. lie believed it was the opinion of the Great Western directors
that that station w. uld nut prove eruntable. Now a celebrated man
-he thought Jeremy Bentham- had said that human happiness was
much more en, my spread among human image than was at lint night
eupposed. if that wet the case, perhaps the happiness of the Great
ihUtern Company lay in not having the Watereo bridge station.
Alluding to le4llC of the other extensions and new pro-
jects of the compuny, he observed with regard to their
arrangements with the Exeter lines that he was quite
amore that some or the shareholders differed from the majority
L with regard to tne policy of those memuren. But he hoped
they would look to them us a means to a greet end-as a port and
) parcel of a greet and comprehe naive undertaking. He brireved that
Inkster:eine for railways as well min legielatingfor nations there was
I ain ral reapousibllity.altachlng to directois beyond the pecuniary
One; and in the present ease it was their (the directors') duty to
unite the hest p amble interest of the shareholders, but they were
also reepuosible for the comfort red acetimmedation hat large die-
d [Oct. Cotter those eireUnistalOceS-consid. ring too, t they Lad
to guard against the plans of rival comic:rue, he Loped the preprieWre
would reel that both a, a Mattel' of pr..fit, and security for the rest
of their property, it Was the bent and aimed cour.e that they enuld
I. base taken. lie elm defended the policy of the company with
I. regard to the et-am-boats. which he maintained were necessary
artier to take advantage of the iniportence of the teem of Seutlnoup.
ton, anti to bring a Loge supply of eiatinental traMt to bear nom Its
j rereurees. Ile hoped that they would consider the steam-buts as
turd, forming a neon -.wry part of their great whew ; and be felt that the
day would shortly arrive when they would thank the directors for
having placed them Inn so prosperous a pomtion an tba' at which they
would arrive. letut eine to the subject of the new liner, the chairman
described the impot tenet of the communications which bed been effected
with Itichmond, Ilamptua Court, Chiswick, Brentford, Kew, Winder,
and Yireima Water, where there existed so large a traffic, produced by
d the holiday people of the met ropoliv, and where the milw ay would create
more by ticreaeing the number ut weaken,. Alluding to other new
dues he said the Let was ihe company had been gong too tut, and
they must tow tetti theithards. lie hadesplamed the stimulus which
impelled them forward, and it now only remained for them to hold in
rat I wait for store favourable clicennkinees.lle would now allude to the
expenditure et money. 'there had been a vast number of stuteuielits
wade by gently men, of which were mu e ingenious than able ;
private letters end public letters had been received in reference to the
capital pattered by the company to meet the dividend. Ile would
endeavour 'o give them a statement which he hoped would) he satie.
factors. The toed amount of cajoital was 9,701,u001., und the total
to amount be expended, 9,380“47/ lees purples property
he of tee
whole of the work", amounting to 2010001., wrath I.ft tm in
puseention of resources amounting to 386,000/. surplus capital. 'they
would therefore see that what not in contemplation to have further
uts to raise money, as they have would be quite 'Mien nt
fur their requirement,/ Deducting 2,9,0001. for the Andover and
Southampton hoe, 4%9,000/. for steamboats, and 200,0001. fur branches
to the Dorchester line, the capital felt would be 978,0001., which left
a capital of 8,20,5351. 'I hen there was borrowed money at 44 per
cent. omoantingto 2,000,0001.. which left a total capitel of 6,209,0 n in
935/.
After time alirraiou to the fare*, the propriety of nome efferun
width he said he would troveto the diecretion of the proprietors, he
concluded by moving the adoption of the report.
Oa the motion bring put, Mr. Cperoft asked when the directors in-
tended to close their thin account, and whether they intended to
have any more extenri ne.-The Chairman said they could not go to
parliameat for any more extension. without first 'eking the pro.
prietors. They had no intention of asking for any more. With
ir,exttrodr tocitpehericelriTeitgooff
nntheyi crettailpansecoy
tat., had he
cased
keel, btal:,litn.ln ptr,o-c.
Uperoft They are prosreming hint towards IL-The Chairman:
That is our desire. With the growth of capital cornea the growth of
requirement. Ills impossible that I can close the account, or j
ahould be happy to do no.
Mr. Baker, atter condemning the management of the directors on
the ground of ezeessive expenditure, the reckless addition of
new
lines, and for not being on trio:n(4 footing with other companies.,
moved an aniendmentee the effect that the report, as far m related to
the payment of the dividend, he adopted ; that committee or share-
holder., be appointed er confer with the directors on the pre.
sent state of the proepeeta and itebilities of the emnpany ; and that
they aboutot report to the shareholders on the result, until which time
the meeting should lie adjourn. d.
Mr. Mayes eeconded the amendment, which was supported by
other gentlemen.
The Chairman, with regard to some of tbe queatioms which had
been arldreesed to him, said that thetaopries had arrived et had
erroneous conclusions with respect the company's affairs. As for
the account. they load one simple mode of making them
gar up,
which they found it difficult to depart from. With red
to the arrears, which were stated to *mount to 600,0901.,
he explained that there were 7,000 Wares in the compmy
which had sever been issued, and on which there were of coulee ar.
warn. Under three circumstances be did not consider thwinsunt ec,
exemeive. The amount of the emersion calls (177,01101.) 0110 to
be amounted Sur by the tact that the last call was otaly due in June lath
After a somewhat animated oonversationuf a personalnature, eamed
hr an otblittiorviaitclion wtobittel..ell.,Srpoz, Mr. Baker,
wandreriorhict
the chairman proceeded to make soma explanation In reference to
the manner in which the goods traffic was conducted on the line, the
business, being naged by bin son in connexion with Mr. Morn. who
did badness In *earl way fur the Brighton and South Eastern
°Napalm mad wormed advadageo which would render Weir mash

MiliCelLLANgollei NWEDB.3e
mpgl
sorted by the DANIA. of the company 7.74: told ; by eta. T car es A 11111110. IN.II
• PO 1. er.".740"S 11.00 /Mon, to Weldon, • edition between t
ante blettly 'enterable. •During the last half-year tiers hod Iseenk
for the company, 4,1417 tuna, by no wo or three rem Berr-
ien of this Me, extending from Wormld-green, near
account 10.2 W toe., and carried be wind I, 2 912 loan. Sept. 1. This will cennplete nearly thirty miles. the
indee of cenductinS the business and hr then open, namely, from Tnirsk to Vice..
home There had (11.0 been carted by carrier. on Mmile own wood-bridge, Is to be opened for passenger. traffie. onuriFsi:abithy next-
co
Now these were five n , _
nor Inters., nor arbitrary power, ea had been hits _ni, assts.,. esteem.,
lino o ,
t.obut
to .Weapritale.-tollzththeen.tberla SwEhMid,lo.27.
he thought they would feel that there was nether monotiowperly Lwrigyg As& Norris
Mr. Raker, but that the whole was thrown ern toe healthy onm . woe 4;444 Agra the Leslie sad hi este, eyed
yth
tion foe the p .bloc to benefit by. On the aulont of accounUi he would ',mei, will be regularly worked by passenger trains on an from e
a. Min If the accounts of any other company showed bor much Pee I.t of eeptember. ____
WEEP.-(prom
Raa.,.,,,h,,,,,,ki...,
mile their teams cost them, or tr any Company gave a mot, clear and swarms or nut young°
irminghoun and
guirg if.
le uedoethey would all fall to tbe trowel. Oxford-Aug. 30, Eirrninghany Belton, Blackburn, Clitte•the, and
if,u‘il etatetneett t
,thbanthetb:bi
jecr cr.'?
wllheicr,ighly.tt libp,oad
.. amgoreede,tbudr
be
edfreit
, Bristol, at 12; Caledonian-Aug. 31, Ydlinburgh, at I ; Caledonian and
at bIrTBVIAIA"""1.-1;!;';.t.r/k/g.112. N-AtULDgg..3andl,
WZloenb"leDme""further ituecuesioehe waensue" 11, In tile. course of which It wins asked West ythishire-Ang• 31, Blackburn • Brawl end n, CU 31,
why there was 10 ensigee• report. Beß°64'ltaata, •-tAlu;g*B2•9, Nuffiughw"'
they that he bad to give them, which it was for them to use If mouth-Aug. 29, London Tavern, at 1 ; 'Mem and Bella. Junction
Mr. Locke with the &recto. were In regeselon of every pleee on H,,,flesatanatare-Aag, Id, ulabgaer, at. ig ; inr,..er. Lamp. .ad pan,
they thought poiper. In answer to another quthtion, Ito Mated that __Aug. 30, Dublin, at 12; Dublin and Drogheda-Sept. 1, Goblin, at
one ol tip' bride.. But that bridge was not his design, but end Perth-Aug. 29, Dundee, at 1; Ea. Anglian-Aug. 30, LOVIIIII
1 ; DubliD, Dundruni, and Itatheireham-Aug. 29, Dublin; Dundee
II aster of the delay in opening the Winders line was an accident to
that of the Womle and thirsts. With regard to some Taro n, .2 • East Indlan-Aug. 30, London TAS,TI2, at 1; Enin.
of the observations that bad been made, bo agreed with ith burgh and eilageow --Aug. 29, Glargow; Killarney and Videntia -
the meeker* that It was necessary that there ennill4 Ike Aug 30 Borchinthine, ut 1 ; Leeds and Tbink -Am. 28, Leeds,
dun of •' .-
a general and conelderable reduction In the eel etel• at II, Liverpool, Crosby, and Southport -Aug. 3e, Laurel,
Ise comp ay. Ile attributed its comp dativ, unprosperous condi- at 1 ; Londonoerry and Coleraine - Aug. 30, Cturispathage,
ildhall at 12 • Lsubonderry aed En...kitten-Aug 29, Church-
ehauld be kept aa net an poalb cto the etandard allowed by paella- ss,,,,sge, Guildhall, et 12; Lowestoft -Aug. 31, Loweatutt, at 12 ;
meth It
coat end that the extension lines had not done that service
tion In a great degree to the 100 nem of the (Mee, which he .oe tin . ,
iletyleurt and Carlisle -Aug. 30, Mao port, at II ; Newmarket-Aug.
to the main line which cats expected, but the fact wan nt 31, London Tavern, at 1 ; Newport, Aberguyenny, mid Hereford-
betitne to the ehert time they hait hem oriation. With Aug. 2e, Londou Tavern, at 12 ; INONTy and hartheillen-Aug.3o,
regard to what bad been Find on the cabuject or mereinfer Guildhall Coffer-house: North Wake-Aug. 31, Gulidhodl Coffee-
it had always been Ins opinion now. the company should house, ut I ; North Western-Aug. 31, Slalom at II ; Preeton and
be Ito own lamee Indeed, that wax the systeni %tyre -Sept. 1, Fleetwood ; Scottaeh Midland-Abe. -8, I•ith, at 1 ;
adopted ty their line, few Memo Chaplin and 11orrie were not bury
trod :aid hiriningthin - Aug. 29, ebrewsbury, at 1; shrews-
carriera to the tompany but yitnply deliverers of th • goods. Ile CAA- bury iond Chester-Aug. 3u, Closter, at I ; blorewsbury and Here-
theist by expo casing ton rthdinem to meet the elturrhohlo•rs in an 7 lord -Aug. 31.1, Chester, at 12; Sego and Shannon-Aug. 31, Old
memoir.. of reterrichment that they might deem expedient.-Mr. Braid-street, at 1 • tlouth 1)0'011-Aug. 2'3, Plymouth, at 12 ; Tow
Baker odd that after the explanations be had heard from Mr. Locke Vale -Aug.3l, Leiden Tavern, at 12; Theme eleven-Atig. 2g, Guild-
and the chairman he would with
his amendment. Ile would tuateerree.hothe tot I ; Waterford and Limerick-Aug. 31, Waterlord,
'ive the director a another twelve months; but he awored them that at 12 ; Waterfor& Wexford, lhacklow, and Dub Ail,. -,;0, 449,
it there was tad ',lime improvement during Mat time, the proprietors west Strand, at I ; Whitchaven and Fume. -Aug. :9, 1 Guileiliail-
would kayo the commithie. chambers, at 2 ; With, einnerset, ithd Weymouth-Aug. 20, Bath,
'rbe report was then adopted, and resolutions peered declaring the at 2.
dividend due on the let of September ; authorising the directors to) CeLts-pant and West India Docks and liMmlngham Juridical
proceed with the amalgamution of the company with the Southamp- -21. lee., doe At.g. 31; Great Northern-RI., due Aug. 31.
tin :Ind Ikm:raster, ; air, Ting of the averment fur working the Demo. Bertirom-Anglo-Belgian; el. tee Owe. larte, 17t-
I Richmond and Ibitchet portion of the Wintleur, Staines, and South tinder and easflord ;Be ed. per store (Meal) tia sept. I. Grand lthiOn ;
Weetern Railway fur .. ne year, et •rint of 3 pie cent. per annum; le per there. User-Yasel; 120. 3d. per share. ehrewebury and
authorielng the director, to mane arrangements for the execution of
Hereford; Is. 41. nee shore (final). thoutiompum elanchister, and
the propose.: Deland and Windsor Extemoion, roil foe :he sale or Harard ; Ga. par lira, every Kond . y , Wedneadaiy, and undo nu
lease the. eof to the Sow h Wesiern ; al. aperoving of the prepar Ha,. 30.
00110 doletion i f all the eh des cleated and authorised t•o be created In .I.„an„aa Boost 0n...
_dinumat„, Naannunnin, and Boat.
the South Weeteen Company, whereof the nominal amount with lees -till August 28; Ilelfoet and County Down -till Angst. 31; Brawl
than 341. per elthre Into glares of 50!. each, and alto the convention of and una..ar_nu Aug.3l; paw...a-Ma Aug. 31; Dublin end
the fully paid up '5Ol. and 401. of 1016, and the coneuliiLit.d tenths Dradada_ut,
..,,,,,,, , . Dundee and forth-101l nag. 29 ; un.,,, Mg .
nto transferable stuck. bun-toll Aug. 30; Edinburgh and Gliiegow -till Aug. 29; Liver-
A long osinversatiun then took place with referenee to the appoint- po;M, Odiontiy, and Southport -tid Aug. 3.0; Condo. ry and Co-
str. of on audth.r, i. step which wan considered desirable by a I ewe mine-till Aug. 30; Londonderry and Enniskillen-till AYE. 211,
nember of .loarelooldere. The remit was the appointment of Mr. L anstoft-till Aug. 31; Wolper' and Carlisle-till Aug. 30; New
Buy. and Mr. Close, of Nottingham. port, Abergavetiny, and 11-returd -till Aug. 29; Newry and RD-
A keno' eitotton havieg been then tweed to the effect that the niakillen-ell Aug. 30; North Wales-1111 Aug. 31; North Western
Ogeolloll of the bye-laws of the company eliould extend to the _thy Aug. 31 , prem., srgt wpw_tiu seat. 1 ; simemeary sad
branch..., • convereation litho on the subject of the fir., which Birmingham-till Aug. 29 ; Shrevre'.ury arid Closter -till Mtg. 31 ;
It seas the goneml wish of the meetine should be left to the diwretion hlllooollty antrlleretord -till Aug. 30; So .th Devon-011 Alto. 29;
of the directors. The Chuiresan elated that it .. oe the direr:tone' in- •
law Vale-till Aug. 31; Watered and Limerick-till Aug. 39;
teethe to rain the Gres to their maximum beyond tile suburban dia. Whitehaven and Yuma-till Aug. su ; With, Somerset, and Wey-
tries., und to run; mind-day train. daily. mouth-till
Ois the motion of Mr. hones, thanes were then voted to the chair- TaAteic.-Weeks aailtaa Aug. 12
aid Aug. 19.-4 Prom the Railthil
non and directors, and the proceeding', which hood Later! nearly Mx Melanie-kJ
bourn, terminated. 11/18. 1817. ; IT irr.
EASTERN UNION.-Half:yearly meeting.-Ipaai,h, Aug. Birk.. Lane., h. Chmh lorag"' el' London arid tiackwall. Inl
23.-Colenal Barka!, of Bury St. Edmunds, In the chair.-1 he re- 11.1 m. le3l
erebtry rend the report, which stated that the receipts, nf the line from 1-L1Z:„1.1,,,,,z,41-7: 7—FA tout uonuorukro It Entilf. 140 136
9!ri"'""..',..":1:-::A !Ilil - , I,"n'cilottrsf. trs': 11,0 e 10,181
Jan. t to Joule 30 were for passenger+, merchandise, Ikc . Daiaa, A Eirathown.. IMII 1,16 u. Mane Mod & Lien -,1 2,010
11,131. 1 le. :id.; for goods, cattle &e., 14,93,./. 1... Gill. ; toud, Dm!. Ptie&Abdo.Ja I.tet, -.• Mae..rbt.rti h V. 1."... • r 620
21.1,122/. 13.. Rd. The short additional portion ot the Norwich line . Ea. Anglian .. .. tr4i - ' ammo& . . 24,i 21.23.2:3
tar as Einningium woe opened for goods on June 7, atul a consider. y....... 1, ii,,,a,shire, ...; ; 3,52 a 1.09112(11 Ut ligiaiorn 11l MA tty;
Nor traffic existe over it. The 'Teel:4 fund for opening the nue to E.Counthe k Norfolk 16.0.1.11,9te 14foramas suatad -1 exya
Norwich b. been well supported, but more money is requime and Eamere Calm ..• ... 1.387. 11.0.11 North lizithli •-• e.1191 3.
vol.1,410n.11)0 AN orthero 2,A.6' - I Shrewsbury a Chanter SW, 6.45
the threetorn will pay ton interact of biz per cent. upon any bather cm- bdiulearigh a Cilw,r... 4 422, 4,10/1 Scottish Central. „SW, -
trbution that may be paid to effect this object. Thin inducement i
forest in order to bring Into a remunivative state the large capital "'
taw , Path, & Ont... 1 Mi. Litt South Easter - 11t,M3
already invented; 700 men and 103 Imre. are now empleyrd on the ci,„,„„i'•
8,,,,,,, h W. 0.7.6• 1,67 Tag vale .....
line, the opening of which will take 111.10 C Wllbill a few wthke of the 0e,..,,, to ~,,, ,„ „ , maer,st,s6. Water,- ... ,-
tine. originally elated. The passengi r Hattie h. been onnewhat of. ye,,,,,Lg 01 tepid:ow.. 240' Si Whitehavoni-d =CUM loi, -
reeled during the niimmer, as Imo ben the ease ou other rail wily, Let Latonoster a Collett . 2.613, 1,791 \ York, Newc. & Bob 140.6: 13,518
the (ratite department has yet), materially increased. The locomotive lannbdure a Yurludi. 12,e7e.t11.832 Turk & 21. Midland 0..,•47, 10,10
cost fur the past year in 9id. per mile; the nunher of milts rue Is Loudon aN. Wed... MA*, 49.1.073
132,02, end the stock bin excellent order. The direeto. announced
a weed meeting us be held the; day, to °emitter a modified agreement
with temente to the Stour Valley Railway and ita extenyions, hut
eircumetances hare Induced them to adjourn such meting to Mon-
day, Ott. 0, to be held at Kelsey's 'lute', London. The an ears of
cello are principally upon the shares of elms C, but of them 16,0 be
othera have been paid up as fax as IS!. per chore ' • and on the re-
maining 4,th/0 stares. • considerable portion of the amount ha*
been and will yet be collect 3,147
elem. hove Sot been brought
in tor remetration, and now entrequently iti the hands of the
.0.1,,0,3- ; 3,311!. Ss. has been received and caroled to the credit of
the capital aeoutulh The statement of accounts kW the half year,
ending June 30, showed receipts at 1.622,0:71. 2a. Bd.; disburse
men., 1,615,4031. fie 2d.; balance, 9,h211. 14s. 6d..-On th
ielde moj ti
un.
on
hew pat ter the adoption of the report.
Mr. r,
lowa
(London) auldreceed the meeting, and said that as an *tithed
he hart minutely examined the accounts of tbe enmpany, which
were In • very satisfactory state. Ile Coulessed that too
much or the reneiptn of the company was expended
in gaining them ; mill the great Boman In the traffic dry orison..
woe very mtisfmtory. It had been maul in London that the line woo
not paying its expense% and that the Interest urn debentures weld
not be liquointed. Them were erromo. muniments; there Ins
plenty of tooth to pay tbia interest, and to leave tome over for In-
tereet upon the eared employed. The arrears of payment on the
30th of June amounted to only 341,0001., and almost the V. hole of this ;
would eventually be forthcoming. The share register was in a very
satisfactory state. ale recommended that all accounts, ex
LOlNUMcepting
those that related to traflic, should be kept in , 1
and not in Ipawmch, giving his moons for such recommends.j
tem. After stating his conviction that tee expethee of Le '
company were not excessive, and that its locomotive department wan
econimically conducted, Mr. Field complaiteed of the role of travels I
ling on the &mitten Counties line, mem London to Colchester, stating
that it was under 20 roam per hour, and that it was done, in his be- ;
lief, with a view to deptcoiate the properly of this compuny, eo that at I
length it alight afford • cheap huger', to the Ea-terii Counties Comh
1- 1
pony. Passengers ought, ci•rtainly, to C.OlOO from Low lon to Ipswich
in 2i hours. Be thought Ipswich was not treated as • town ol its int- 1
pittance doserved.-The chairman could nnt ascribe any such motive
'to the Ea-tern Counti. Company, but pronoired that the Went ul se-
orLirated trains should be entertained. The adoption of the report
was then put and carried-Atter some further conversation.r.
Johneton introduced a motion regarding Sunday travelling,
ich
was lose-Meetings with reference to the Stour Valley Haile ey, and
the 1,10. r n Caiou and liatikigh Junction were there.dter convened,
when it was. agreed that the umeting reearding the lamer gimlet he
held In London.
BUCKINGHAMSHIRE. - Half yearly Meeting.-London,
re
Aug. 25.-Sir It. Verney In the enair.-The direction port stated
that dunes the pat half year the diflkultiee in racing money re-
leered win the last report had continued. lbey had in consequence
been obliged to curtail the expenditure of +he company, it far as was
' consistent with due regard to the engagements. previou-ly entered
into. The works on the aces line betweeu Clayibin and Oxford had
been temporerily diecoatinued. By t •the means the operation, of
' the contractor hood been concentrated upon that part ot the Inc be-
tween 'Sunbury and Bletehley, where the works were heaviest*, mil
rem:aired the most remunerative Waffle. The works between Llay.
doe and Oxford, temporarily dioontinued, were of mob a character
that they could he finished MandLineouely with the reet of the Sae,
If recommenced next maim. The works on the 'Sunbury exterinion
line were commci.cid in the spring, and t he cane on ihe el, teheion oder.
subscribed for by the London and North-Western Company hail accord-
Inglyalloemnnameed, and would be heothforth reguniriyooll6lll.l4ll4o-
- the works were oumpleted. By these measures the dlr. eters had now
sufficient lend. in hand to enalee them to carry on the works without
further calls upon We shareholders until the end of the precut year.
Patliament had decided in the present season to admit the broad
gange concurrently with the narrow on the Birmingham and Oxford,
and the Birmingham, Dudley, and Wolyeelompton railways,) under
the provisions othee,
the act, authorising the purchase .of three lines by
the Great Western Company. The directors were legally advised th ot
this declare° was in violation of the letter ;•,f the Gauge Act of len:,
which wan passed expethly to prevent a spread of the diversity of
pugs to Birmingham and the centre of England. The legislature
had thought It to depart from this nettlement; at the AMC time, how-
ever, they hail, et the filename of the directors, introduced canoes fur
enuring the narrow gauge lines of railway between Buribuy, Bir-
mingham, and Wolverhampton; which, it effictually carried out
in the manner this company bad a right to expect,
would be the 1110110 of procuring an uninterrupted path
@axe over the lines is question for the through tragic
which this railway was intended to convey, and which would
most beneficially 000111001810 the public. The ',teleran& of accounts
to June 30,1.1. showed receipts at 631,231/. I Is 1 Id. ,• expeorlitore,
612,969/. lbs. Gd. ; balance at bankers', 121,261/. 180. Sd. On the me-
lion et Mr. kierrepont, meonded by Mr. Mauger, the report was
adoted. .4fterwartis the iorfetture of certain shares (1,726 in number),
wee p
oudinned.-It this then moved by Sir 11. Verney, beconded by
Mr. Pierrepont, and eirried unanimously, that the thanks of the
meeting be trionenvitted to the Rev. Mr. Fremantle for the gratultotus
athintarice he sad afforded In promoting measures for the moral arid
n•lepoua therein:Lion of the men employed on the line.- -Mr Carter etid
Mr. E. WM %ere el-appointed auditore, and thanks having been
voted to the choir:nun, the meeting separated.
ox Folio, NI- ORCES PER, AND WOLVELLHAMI•TON.-Balfs
yearly M.-Hilly.- Worcet.tcr, Aug. 1.5.-Mr. F. Rufford, M.P., in the
chair. -The du ectors• report slated that the two bills introduced Into
perliment with the sanction of the proprietors, at the loot belf-yearly
meeting, had tee•iivel the royal anent. It then proceede : .-By the
panning of their act, the company the obtained powersto reite suthcient
capital to complete the hoe with its branches, slid to perfect comma.
Muttons with other lines of railway at Wolverhampton; also, to
build a nation there jointly with the Birmingham, Wide thump:on,
and Dudley Itaithay Company, and the ehrewebury and Birmingliam
Railway comoany. Toe difficulty of raising loans (141 debentures hav-
ing continued, your direiture hove had no atternativelout to make the
cull" thi y were empowered to mike under the act of Incorporation.
The twit all will be payable on the 20th day of September next. The
financial peyition of the company is now of the utnust importance
The s thject is under the especial consideration of your directors, in
Conjunction wimpe directors of the Great Weetern Keil.
Ivey Company, the proprietors may rest assured that
the most full and mature tkliberition will be given to
the entire queetion. In any arrangement that mar be made for rale-
Mg Mother capital the rights and inWreets of the exinting share-
holders will be faithfully mehitained. A negotiation was lately
entered into with the Midlioad Railway Company for opening the loop
line to Worcester, or a portion of it; but no arrangement could be
come to eatisfecwry to all partiea, and the subject is consequently
for the presnt postponed. The engineer's repent states that the
works had nut proceeded rapidly dosing the last half-year, a largo
portion of the runes being required to complete the purchare
of land. The whole of the hind on the main line and Stoke
bronco and junction, le now purchared or agreed for,
exec: Bug very trifling millions at Wed-tock and Wolverhampton.
From the balaneeelnet it appeased that 50,9701. had been borrowed
on debentures, the tot. of receipt. being 1,278,7f:0.7e Id. The ex-
penditure for the past half-Tear had been-In contracts, 117,2351. ,
land and compensatimi, 57,8861. 18 .Bd. • rade, 41,261/. lia. 8oL; en-
gineering, he-03,2861. 10s. sd•; law and riliumentary expenses;
18,146/. Lis. &I.; interest warrants, 16,6891. Is. Teel. • other mealier
Leone making the total 267,418/. Ss. Sd. The experdiiture to Dec.
31 lust wee 967,5261. Ils. Sd., leaving a balance in hand of 43,821/. 13s.
The profile on the Stourbridge Extension Canal had been 7021.115. &I.
for the baleyear, and the has en the Stratford and Mort-ton Railway
5801. fis. 3d.
The Chairman said the bill which had been intralueed into parlia-
ment this 14.40100 had received the royal 'silent only a fortnight since,
and the directory had since been in communication with the directors
would be raised, but
at the Great Western Company, ea to the mode to be adopted for rais-
ing the additional capital. He woe not in a position, at the present
moment, to Mete in what manw r the money
10 any arrengement which might be made, the exerting shareholder.
would, be paid their interest as at present upon all the
mount
paid up at 4 per cent, and after the completion of the line 4
per cent. and Theeo. profits was guaranteed by the Great Weet-
ern Company. shereholders, therefore, must give the directors
credit for being desirous te raise theadditooool capital in the best way
it could be robed, and It was their desire to adopt forthwith each
eflicaciuus measure for opening the line throughout as early as
possible, and until i. could be opened througanut to open eurth putt
an would be profitable to the phareholderie-Mr. Beset asked what
were the extetiug guaranties between the company and Great West-
ern Company us tonguing the payment of interest on the capital paid
up-The ClOlOll5ll replied that the guarantee wee 4 per eenL and half
urplus prelim on the cost of the line, including all moneye method,
ton the construction of the line. The interest payable during the eon.
struction of the line would form part 01 the expenditure on account
of construction. lie had no hesitation in mying that the future in-
terest would be regularly pald-The following resolutions were then
put to the meeting, and canted ens. cow.: R. That the report now
teed ee adopt d and printed, and circulated emeng the shareholders.
2. Tbat the directors be autheriaed to pay interest after the rate of 4
Per cent. per a :num for the half year just erode : such Interest to be
layable oa and after the 10th kept. next. 3. That the remlutialli of
the directors for the forfeiture e f 121 shares (mentioned in the report)
he cordernied.-A descumitm was subsequently raised by Mr. Brown,
but without any remit, and the meeting broke up, atter the usual
vote atheist&

MONEY MARKET.
FRIDAY EVENING.
The stock market was all confidence and animation
to-day, on the anticipation that the financial statement
of the Chancellor of the Exchequer this evening
would be much more favourable than some time site*
would have been deemed probab:e ; above all, it was
currently believed that the Treasury would not be
found to require any very large amount of accommo-
dation from the Bank, and as to recourse upon the
general money market, or capitalists, for a loan, it
would seem that such a scheme was scarcely in the con-
templation of government at all. Consols, which opened
at 861 to 1 gradually advanced to, and were done at
861. At the close of business a slight reaction left
them 861 for money, and 86,i to 1 for account. The
transactions during the day were of much more con-
sideration than has lately been known, and the mar-
ket closed with a firm appearance. Reduced Threes,
were 861 to 4. Three-and-a-Quarter per Cents., 874
to 1. long Annuities, 81 to 15-16. Exchequer
Bills, 325. to 355. premium. India Donde, 19. i.
to 245. premium. Bank Stock, 196; to 84. India
Stock, 238 to 240.
The advance in consols gave a stimulus to foreign
stocks in the latter part of the day. Spanish and
l'ortugueee Bonds were more particularly the objects
of speculation. A purchase of 50,0001. Spanish Fives,
for which 121 was paid, rendered holders somewhat
loth to make a price, on the speculation that special
information might be in the possession of parties of
some event calculated materially to benefit the stock,
such as arrangements for a compromise by which it
should be really rendered active and admitted within
the pale of dividends. The Fives left off in ad-
vance at 12 to I ; the Threes, in which also some
considerable business was done, were better at
221 to 31. Portuguese were bought up to 201, leaving
off 20 to The Portuguese government, it seems,
propose to resume the payment of dividends on the
converted four per cents., with the deduction of 25
per cent. for property tax. This, wi•la a rebate here
of three per cent. for income tax, will discount the
dividend by 28 per c nt. The overdue dividends of
one year and a half are, it is loosely reported, to be
funded in a 5 per cent. stock, or, as another version
has it, converted into treasury debentures carrying 6
per cent. interest. Dutch Two-and-a-Half per Cents.
were 44 to 5; the Fours, 70 to 2. Mexican were 16;
to 171. Chilian were bought at 86, quoted 83 to 7.
Brazilian, 72 to 3. Peruvian, 30 to 2.
There was a rather brisk demand for bills on
Amsterdam and Paris to-day on 'Change, and a slight
advance in the rates on Hamburg, but otherwise
there was little alteration in foreign exchaege. On
Amsterdam the negotiations were 12.11 to 2 ; on
Rotterdam, 12.2 to 1 ; on Hamburg, 13.91 to 1;,
on Frankfort, 121„ ; on Vienna, 11.5; on Leghorn
31.45 to 50 ; on Naples, 38; ; on Madrid, 44 : on
Lisbon, 511 to at three mouths. On Paris, at
Ann, 25.30 to 35.
The Bank of Englend averages for the week end-
ing the 19th instant give, as compared with those of
the week preceding, the following result :
Circulation mute £26,769,645
Cireulanon active 18,913,995
Public deposits
Other deposits . 8,575,609
GIVerIMITIIt securities I No Mina.
in banking Department
Other securities
Co:n and bullion
7 lay and other bills... 1,110,209
The Rest
The notes in reserve in the banking department
were less by 77,8901. as compared with the returns of
the week before. The amount in band was 8,450,3101.
The feature in these returns is the continued with-
drawal of private deposits, which is continued evi-
dence of the larger requirements for money accommo-
dation in trade and industry.
BANK OF 13NOLANDc0
ony for the Week ending August la.
taws oartaarmastr.
Notes tarots] ...•......1216,,63,615 I Ourenoncit £11.015,100
Other Socurni....... 9,934,900
Gold Coin and Bullion 11,673,r843
taker bullion 696,10.1
.C 26,763,613

£-`6,163,645

Proprietors Capl'ai
. 3,093,700
Public Depodtsitnelud,
Esebeit., air.
Coma Ls. of /I=
Debt,asol Ute. Amts.) 4.545.063
Oter Depewits
eievhen.dazandothor Ms 1,10175,209
431,363,906
August 24,1513
ENGLISH
3 per Cl. Tted. Anne., NI I
3 per Ct. Cons. Anus.. 161 i #.I
Now 3i per CL Amu., 0181 ,t
Long AUMIIIIOI4 nap. 6th Jan.,
1600, 8 1616
India Stock. 240
India Bonds, £l,OOO, 2319 pat.
FORSION
5 per Cent. Brazilian Bonds, 72 3
6 per Cent. ChM= Bonds, 8.3
b per Cent. Melicandlct., Aug. 31,
17 161
6 per Cent. Peruvian Bonds, 30
3 per Cent. Portuguese Bond., 181
g.f
Act,
Portuguese Bonds, 18
Ditto, Act.,
6 pet Ct. tiptniels Bonds, die. tram
oe., IW, 121 I

PARTSIVIIT.
Goveromeut Eleruttle
(lulu& Mad 0 eight
A muity) . X 12.442.735
Other Securitlem
Notel .. .
• "*""
Bold 6u7,aot

£32,583.503
d. MAIISUALL. Chief Cashier.
FUNDS.
ladla Bonds, under £l,OOO, 23 10
m.
Copnsols for Account. 86
Exch. BWs. £l.OOl. 214,
32 6 ; Juno 36 7 5 9 pm.
Ditto, £sw F J.. June. '.51
Ditto, sum% 24d.. June, 20
( FUNDS.
5 per Cent. 80611W1 Bond., dir.
from 11a1 lea, 11
Ditto. 1843, 101
Ditto, 1846, ag
Ditto, Paceive, 3
Ditto, Deferred, 71
3 per2l Cent. Smug& Sonic, 23 21
n
21 per Cent. Dutch Exchange, IS
Filth. 441 g
4 per Cent. vutch CerUL, 71

EXCHANGES AND STOCKS ABROAD.
Hexane°, Auo. H.—Hanoverian Lose, 901; Rus.ian.F.aglbb Loon,
96 9:4 ; Five per Cents., lista. Certif., 96; Hope and Co., 3rd and 4th
wines, $64; New Four per Cent.,, Stealth.: sod Co.. 764 76 ; Lutist,
Lois, G 9.• Swedish, ; Eiparilsh Five per Costs. 74;
Three per Cents, 174 17y. Exchange oa London, 13.74 ; three inobUis,
13.54 ; Petersburg, Aug. 15, three month., 374 ; Stockholm, Aug. 15,
ninety days, 12 10; Christiana, Aug. 7, three months. 4.18 ; Riga, Aug.
17, three months, 371.
Sausens, Ave. 21.—Loan, 1840. 77 ; Ditto, 1842, 77; Ditto. IFIB.
75 ; Ditto, 1814, 70 ; Ditto, 1836, 624: Ditto, of the City, 1832, 80:
Rank of Belgium. 624 ; heekumge on London. 25.424.
Aar wear, Aro. 24.—Eachasge on London. 25.42.
Masse, Ago. 18.—Austrlas Five per Cent., 701 ; Ditto, Four per
Cents, 67 ; Ditto. Three per Ceuta, 50 ; Ditto, Two-road a-1 lelf per
Cents.. 404. Loss, 1E34. 129 ; Ditto. 101.87. Bank Sham. 1.070.

COMMERCIAL AND MARKETS.
SUCIAR.—The ire price of Saw, the produce of the
British possessions in America, computed from the returns made in
the week eliding the 22nd day m August, 1518, ia 245. 40. pert wt.
,t.ttar the rruluce di the Mauritius ia 40. re, cwt. Stgar the
produce of the FAS Indies is 235, Rd. per cwt The malign price