The Express.
London, England, 1848-05-25 00:00:00

RAILWAY NEWS.

Yesterday our share market was dull, partly in
consequence of the absence of dealers at Epsom, but
prices remained without any noticeable variation.
RAILWAY BILLS IN PARLIAMENT.
GROUP S.-Newport and Pontypool. Evidence in favour
of-further brunt.
(I not 12.-Glasgow and Monklands. Preamble proved.
MISCELLANEOUS NEWS.-EA,TERN Ustos.-The
directors have issued a circular to the shareholders, setting forth their
views, and offering some recommen.lations in reference to the finan-
cial position of the company "The account. of the Eastern Union,
and Ipswich and Bury St. Edmund's, and Hadleigh Railway Compa-
nies, to the 31st of December last —the periodof their amalgamation.—
with a Matement of the actual financial position of the amalgamated
companies, which are in course of preparation, to be laid before the
general meeting to be held on the 2nd of June, enable the directors to
state that the renounce of the company, consisting of the amount of
capital not yet paid up, and the rums authorised to be raised on the
company's debentures, will considerably exceed the amount required
to ill eharge all existing liabilities, and to open the lines I. Norwich
and to Harwich, with temporary stations, affording ample accommo-
dation fur the efficient working of the lines. But the whole of these
resources cannot be realised, probably, in less than three yearn, the
present not being a favourable opportunity for the issue of the unap-
propriated shares, or the extensive application of the borrowing
powers of any railway company ; mid the amnia of rolls coming due
during the present and part of the next year, and which have been
fixed at such distant serious, in compliance with the wishes of the
shareholders will, to a considerable extent, be required for the BIM- I
dation of various ohllgationa incurred on account of the construction
of the the to Bury in anticipation of those calls, and of land and
works on the line to Norwich. An, however, it is essential that the
line to Norwich should be opened with more certainty in regard
to time, and that the capital of the company already expended should
thereby be rendered at an early period productive and remunerative,
the directors beg most earnestly to pre s upon your attention the vital
importance of the general co-operation of the shareholders in the
plan proposed for ranting the comparatively small amount required
to ensure the early and complete success of the uneertaking, and
thereby atones to place the company in the prosperous and indepen-
dent position indispensable either to a profitable return on the capital
embarked, or to satisfactory arrangement", should such be desirable,
with any other company. If the money stated to be required for this
purpose be brought forward by the aharehalderti, yule engineer un-
dertake. that the line to Long Stratton, within 10 miles of Norwich,
shalt be open for traffic in the course of thisyear, and to Norwich next
midsummer. The whole question. therefore, resolves itself into
whether you will make an effort, even, perhaps, at sonsiderable in-
convenience, to lend yourselves, at good interest, and on unqurstion
able security, your respective moderate propordonts of the amount re-
quired for these important objects, and thus at once raise and estab-
Itsh the value of your undertaking, and of your stock; or whether you
will suffer the capital you have expended to lie dormant, until the
payment of calls, sproad over the years 1818 and 1049, and