The Express.
London, England, 1862-11-27 00:00:00

CALCUTTA AND SOUTH EASTERN RAILWAY.
(THIS DAY.)

The fourth half-yearly general meeting of Oda
company was held at noon. at the offices, Grsehamhowse,
Mr. Joint BORRADAILE in the chair.
The report, of which the following is an abstract, was read
by, the SECRETARY.
' The directors informed the shareholders in their last
report that they bad reason to believe that the line would be
officially opened throughout by the sod of the monsoon.
They regret to state that thus expectation has not hero
rash ed On the 28th June last a portion of the scaffold-
ing and temporary brick pillars erected at the Fiance for
placing the girders of the beidee gave way ; and though, of
course, the future stability and security of the bridge itself
will be in no way affected by this occurrence, it has ren-
dered necessary a renewal and strengthening of the pre-
psratory works, which has occasioned an unfortunate delay.
This lamentable accident, occurring, as it did, at the com-
mencement of the rains, has seosesiirily impeded the pro-
pos of the work ; but it will not retard the opening of the
line for a longer period than two months beyond the con.
templated time ; thus substituting the Ist of January
for the let of November. The board are happy
to learn that arrangement. are in course of
i being made to establish a communication with the Moth&
in the leginoing of November, sufficiout to enable the pro-
prietors of the town lots to commence operations at
the new port immediately at the end of the rains.
The directors are, moreover, happy to state that the screw
pile jetty for the llutlah, which has received the sanction
of government, will he shipped in the course of next
mouth. Vessels will this be enabled to deliver their
curies at once to the waggons of the rail for conveyance in
two hours to Calcutta. The facilities thus afforded to
shippers, oombined with the ellunomy of time and money en-
sured to them. will prove an additional attraction to
the port, and at the same time form a new source of
income to the rail. The government have secured a lsr,-,o
plot of ground, adjoining the terminus at Calcutta. on which
they are now engaged in erecting a market for the scum-
modation of the firewood, fieh, and vegetables to be con-
veyed along the line to the metropolis. The directors have
raised, in shwas, the whole of the additional capital voted
by the shareholders at the last meeting, and sanctioned by
the Secretary of State for India in Council, making the total
capitals raised, to shares and debentures, 400,0001."
The
CHAIRMAN said there was bat little of interest to
communicate, nor would that little be very hopeful, were
it not that the directors entertained undiminished confi-
dence in the eoundoese of the undertaking. They had
hoped that by this time the line would have been opened,
but the circumstances mentioned in the report had inter-
pceed to prevent it. Accounts just received from Calcutta
stated,however, that arrangements had been made for a tem-
porary communication for passengers by trolly or waggons
over the 12 miles from the end of the existing
communication to the .Mutlah. A further expenditure
would be required for erecting a jetty, which the govon.
aunt had sanctioned. The total capital at present was
400,003 f., of which 310,0001. was in shams and 90,000/. in
debentures. It was not mentiooed in the report thet fur-
ther capital would be ouded, but there was no doubt of the
fact, and Sir 0. Wood had been informed of it, bat so
applications would be made until they had complete esti.
mates of the amount that would be needed. It would be
probable. from 50.0001. to 60,0001.
Mr. ILtaserman (deputy chairman) seconded the motion.
In reply to Mr. HARTRIDOL,
The CHAIRMAN added that the estimated cost of the
line, including the further expenditure required, would be
15,5001. • mile. The entire length of the line was 2ai
miles ; including the coat of the jetty, it would be about
16,000/. a mile.
After a brief discussion the report was adopted.
A vote of thanks to the chairman and directors concluded
the business.

MADRAS IRRIGATION
DAY) AND CANAL COMPANY.
(THIS

The seventh ordinary general meeting of the
shareholders was bald at 1 o'clock. at the London Tavern ;
Mr. JAMS THOMPSON in the chair.
The report, which had been previously published, wes
taken as read.
The CHAIRMA.N, in moving the adoption of the report, said
the progress recently made, though it did not snake much show
on wee satisfactory. The rains in the neighbourhood
of Kureopaper, ol had been extraordin•rily heavy. la the course
of a night the fall was as much as three or four inches. He
regretted the repetition in the report of the old story of
difficulties and delays arising from the course pursued by
persons reenacted with the government. The
government had sanctioned • water rate of four
rupees per acre for • first crop, and two
rupees per acre for a second one ; but the natives were not
as eager for cultivation as they doubtless would be
when they had learnt from the government what were
to be their total liabilities. He then entered into
a detailed menet of the various difficulties nod
obstructions connected with the progress of the works,
observing in the coarse of it that 104 mileh embracing
upward. of 100,000 acre', were now in the hands of the
conipsoy'a engineers. The Kaliput district, he remarked,
presented the greatest engineering difficulties, but they
would no doubt be surmounted. He was happy to say that
the queetion of reservoirs was now in a satisfactory course
of settlement. The f
government had made over an
excellent site for • reservoir in its territory, and they had
now • fair field open to them in that respect.
At the request of the Chairmen, the Stcnrrartv then
read the correspondence between the board and Sir C.
Wood, liming in a draft of agreement between the Indian
government and the company, securing to the latter 5 per
cent. on the exditure ef 1,000,000 f.. and other rights.
After some discussion this report was adopted.

,-(THIS DAY.)

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