The Express.
London, England, 1851-02-07 00:00:00

.------ - - -
ment of the Cap

WINDING UP OF JOLNT-STOCK COMPANIES.

BORTON, GRANTHAM, AND LINOOLN R.ULSCAT.-1
Yesterday the list of contributories in this company was
brought in before his Honour Master Ilwriphry, the newly
appoiateil master, by Mr. Belcher, the official manager, and
Messrs. Cleobur3, lies solicitors. The first list taken con- ,
',fitted of 20 of the acting committee m 1,115 of the provisional
committee, who agreed to take in writing 100 suares ec.ch.
The first name taken was that of Mr. Robert Bell, and the
evidence of Mr. Ferrer, the secretary and of Mr. M'Clregor,
the late solicitor, went to show that the managing commit-
tee agreed by a resolution, hut which was not entered on
the minute books, to take 300 shares each, and that they
joined in a resolution to reserve 10,000 shares amongst
themselves out of the 30,000 that were allotted, but of
a hit h number very few were taken up. Tkese gentlemen
signed scrip and Mt:tided meetings. the total debts of the
company to be discharged amount to 5,0001. After consi-
derable discussion, the proceedings were adjourned to
this day.
GREAT Wi-sTERN EXTENSION ATMOSPHERIC RtlL-
WAY.—Yesterday the affairs of this company were brought
i before his Honour, Master Brougham, in the absence of Sir
William Horne. The total number of shares allotted was
38,000, out of which number 12,000 were reserved, 7,500 of
which were to be distributed amongst the 75 of the provi-
sional committee. Mr. Eilye, with Mr. Stonier*, appeared
fur Mr. Owen, the official manager. Mr. Field of the firm
of Sharp, Jackson, and Co., for Major Moore, one of the
Provisional Committee ; and Messrs. Lethbridge and
Mackell, fur Mr. Spicer. Mr. Owen, examined by Mr.
-Field, said that he had acted as secretary to the company,
and was one of its registered promoters. 31r. Sanders was
one of the solicitors of the company. The debts now
claimed to be due from the company orthe members thereof,
were 2,5001., advanced by Mr. lint, a solicitor, with .537/.
interest at .5 per rent. since 1515. The origin of the trans-
action was, that Mr. Hill undertook to raise 2,0001. for the
preliminary expenses, which were paid away by
800/ to tie engineer, 7601. to the surveyor, and in
other small items. A guarantee was given to Mr. Hill
in respect of the 20001., and subsequently a counter guarantee
was given by him nut to hold the directors p, rsonully re-
sponsible. It now appeared that the 2,0001. had come from
the .1 ring, Reading, and Basingstoke Company; and Mr.
Wryghte. the offiend manager of teat company, which was
now also being wound up, had made u claim on behalf et
that c. puny for that amouut. Witness was not aware, at
the time-, that the money came front that source, and Mr.
HiU, who, he believed, was now in Boulogne, had made no
claim in respect of that money. Ilia Honour said it would
appear that the Trine, Heading, and Basingstoke Company
must r. toyer from Mr. Hill, and that there was no privity
between that Company and the Great Western Extension.
Ile was not aware that Mr. hill had brought any action, or
taken any step to recorer the money. He was nut regularly
appointed solicitor. There was a claim from the engineer
of the company fur 5,9001., of which he had received 750/.
out of the money advanced through Mr. Hill. There was a
debt of 1,1711. for acicertising, from Messrs. Mitchell,
who had brought on action, in which they were
nonsuitcd, against Major Moore. Mr. Field then
:Imbed for tin adjournment of the case until the
end of the rar, in order that the Statute of Limitations
might by that time he run out, to give an opportunity in
the tuemitinte fur creditors to make their claims on the
estate. If they did not make any claim before, then the
Statute of Limitations would bar their right to an action.
!Ir. Edyc said he thought he should he able to prove that
Hill was the agent of the Tring, lteading, and Basingstoke
Company fur the purposes of the loan, and that if so, the
latter company would be creditors. Ilia Honour said ho
did not Sce that there was any privity between the parties,
and that lee should have to send both the engineer and the
other creditors in respect of their claims to n court of com-
mon law, giving them liberty to use the name et Owen as a
defendant, and he should therefore adjourn the whole affair
sine die as regarded these ttletnent of the lists, which would
enable creditors to come in nod prove, as suggested by Mr.
Field. Consequent upon the recent decision of Lord C'ran-
worth, the names of I,lool%llone*, that stood upon the list
of this company as liable will be struck elf.
THE NORTH kW ENGLAND B.tNEING COMPANY.—
Yesterday the case of the executors of Mr. John Shelton,
who was sought to be placed on the list of contributories in
respect of 700 shares, and which involves the question of a
payment of some 36,0001., was closed by Mr. W. 1). Lewisl
as counsel fur the executors, Mr. Field replying for the
official manager. His Honour Master Ferrer adjourned his
derision. _ _ _

HEMP AND FLA" MAxurAcTramo COMPANY.—
The further proceedings in respect of this company's affairs
were yesterday adjourned to thy 15th inst.