The Express.
London, England, 1849-11-02 00:00:00

RA ILWA IS.
ROUTH DIVON.
The dirristere of this eiermay banker Mired their remit
es the project fur espial deg tee debenture debt, which will
he subs Wed to the &freeholders at • evert rearm to be
held ea Toady wet. Momper% steles, that ia
with the rommeeadetlea ef smalltime appoireeltlathia
iehrear brieam rin Ism befi
t, IS hes been reselvalorith
W onemettreme ef several intenitiel sherehekleve who hem
mealeil the dinettes be their .acid -M of the memen,
that,
tiato the aprovul of the ebeembeldeas et thole Mt-
sabseriptieas sheerd be imbed for • read of
671 0001. e dinetees havie no reeler hi alter the mbar
of babUitbs whir was impealled to thole let report, end if
from that asthma. immeardag el MUM, be &dared the
emit of smirk ammeMll6.llllol., the sem remehrig to be
emend W the seibbaelembel premised to be ?shed es the
teeemmeniatimael the tialeanme hoiden' maistittee will be
KKK The peeprimtems 1161.116 seeliesnee bee bees slready
adatewlelgell UM else Jared the dinettes la ermarteleg
a salseriplima be the sew stook aid several intosatial
deleminee helium is well se masks to whom the Compaq
b labbied, have siplibmi their einem to tire payment of
*sir Mrs is the sow Awe. The iteleseriptio• le, however,
aisememolly esedlrleml en • salleinit smart being raised to
rim di. 411.11111111propeesd. The ad Miami smart of capital
ia mese ef fsbeisere debt will ace manly ropier the
leseral ailireet Mae present miesued sad forfeited shans
whisk Meg hi masideted usanilable for the IlMpesle of
=ermenter, gad which will. of rem, be eamelled. The
however, wi.l be refired la further sam of
mom ;hid it is eke mewed to apply be pewees to
robe es week terms sled for -seek purposes is roll be mimed
by the vase of threw bre ef the shershelisee peorat,
either in penes ea by prosy. et • spedell veering rammed
be the purpose. The 11111~ have mosleal, eerier to the
emotion of a mord weeds* of the shersholders, to make
applintre le re treeing rake of portiamisat for powers
to rats 575.0001. to be Gina the debenture
espial, divided into 67,600 amen of UK. aol. Of these
she tee 47,800 will be designated es Clam A, No whole of
which will be applied exclusively ia misameima of the de-
beaters debt, imputing to 4711,106/. ; the remaining 9,700
glares will be denenated as Clem 3, and MB be applied ex-
siminly to err cif outstanding 111611111811 MI the capital
sweat. llpois the whole of then sheer • find rate of Ey'.
dead equal to 6 r oust. per mime will be med. payable, the
wimps& re point to redeem the shares at par after
the •&pleader of seven years, and within twelve yeses from
the date of the royal assent to the isteeded set. The holders
of slims is Clan A will reek?iripwr with the holders of
debeenine for payment of dindeede. The holden of Class
B will rank seat to the holders la Clem A ; and the divi-
ders os the shares le both there; me well as the interest
payable in noirchenged debentures, will be • Ant charge
ma the South Dona Railway, I. abooleto priority Mein pro-
test or future apnea or any future loam. The option of
subscribing will, in the bet tastome, be offered to all elan-
hoiden and debater* beldam The bet call to be 61 per
dare, and the sells fee the ell months following act to
nosed 21. 10s. per share. No deposit as pennon on m-
enet of the shares to be made aril the en shall be °b-
lared. Holders of debentures sew dm may ezehaage their
preemie reurities for beads of the essapeny, tearing interest
M 6 per teat, for a peeled net exesseirg three years.

SHREWSBURY AND HEREFORD.
The directors have issued the following report to be sub-
mitted to • valid general meeting of the ehareholden,
convened for Tuesday nest at Chester.
The hilt half-yearly report bee made the shareholders
acquainted with the settee inevemeat in femme of the line,
which has taken place in the districts through which it will
pos. The directors are happy to state, that the exertions
which have been made have been attended with success
The greatest anxiety for the finalities of the line has been
everywhere manifested, • Inge number of shares bee been
sabeeribed fur, the sureepst mearamies cif support have been
reerived from prisopel landowners and other infineatial
parties laterested In the undertaking, sad the directors are
of °plebe that the time is snivel when, notwithstanding
the gener.l &premien In railway affairs, it is become neces-
sary to place the company in:a position to commence active
operations. The directors have, therefor -, thought it right
to call a special general meeting of the shareholden for the
purpose of laying their views before ihm, and submitting
a plan for rem-dining the company, which they have every
reason to believe will place it oa such a basis as must insure
its future success.
The position of the share capital of the company is as
follows:
Capital authorised to be nisei 800,0001., in 40,000 shares of
201. each.
The number of shares on which a deposit deftly U
has been paid
The numbest ea which the first cal of 11. per share,
and the deposit hes been paid
The amount reeshed en the second call of U. put
share, paid by lastalmasts £6,253
The number efekans hehltei 4.943
The amber of shun mstimaild 6,201
The number et shares ensisimed 146
It is proposed—
To construct the railway with a single line throughout;
the estimate for which, with the necemary sidiop and elec-
tric telegraph, and including the amount already expended,
bas stated in the last report, 485,8041. To reduce the share
capital to 450,0001., which, with the usual borrowing power.,
will make a total capital of 600,0001. To make the number
of shares 45,000 of 101. each, instead of 40,000 of 2W. each,
thereby diminishing the liabilities of the !festered share-
holders to one.half the present amount. The 201. shares
being at a discount of 21. per share in the market, it is pro-
posed to imp 4,943 forfeited shares, 5,347 shirrs unimsed,
and 6,000 new shame, required to mike up the total number
of 46,000, ate discount of 11. each, or 91. to be paid. The
present shareholden, and them persons who have already
made application for shares, to be entitled to a pnference in
the allotment of such shares.
A eousideration of the following facts will prove the direc-
tors are justified in their conviction that this plan may hs
carried out without difficulty, and that if it be adopted, the
shares will be held by parties of whose ability to complete
the limo there can be no doubt.
A considerable number of the shareholders have reposed
their aazlety to proceed with the undertaking In its puma
lona, and are reedy to meet the whole of their liabilities; the
snoops% proof of this has been afforded by the promptitude
with which the sum of 6,263 g. has been paid on the second
call, although all prome4ings have been surpendmi. The
number of those who entertain this feeling will he greatly
hawed when it is knows that their liabilities will be dbei•
niched on the seals proposed.
Toe Shrewsbury and Chaster Company, as stated in the
last report, have taken powers to advance 75,0001., and it is
so manifestly the interest of that csmpeny to support thisHae,
that their assistance may cenfileetly be calculated ups.
The directors have also bad pd in their hands the
names of other parties to be relied upon, who have agreed
to take any number of shares to be issued, to the amount
of 99,0001.
Lord Craves and the Hon. Robert Clive, through whose
estates the line passes for a distance of about 9 miles, have
sifted to take the amounts to be paid
te them foe land in the shares of the company. Other land-
owners have made similar offers, and then se an doubt that
a large portion of the land required may be °Wised oa the
seas terms.
The estimate of the coot has been again carefully revised,
sad the directors have not only the assurance of the en-
ethat the work, will be completed for the sum named,
tsa a'st eminent contractor is ready to enter fats a con-
_ . . .

Tisd;rr thew circumstances the directors have no hoar.
tin in recommending the shareholder to authorise hem
to take the necessary steps kw obtaining a bill in the en-
suing session of parlhiment to carry oat the proposed meager
neut.
The dineten have not entered into the details of remune-
rative profit ; but when it I. recollected that a line of 52
miles in length, through an important district, an be
sempieted at a eat under 10,0001. per mile—e line connect-
the cemsereial and manufacturing districts et the north
with the mineral Geld of South Wales—the Money with the
&TM. without eocapetiter within 30 ranee on the east,
without the possibility of rival en the wear. there can
hardly be a doubt upon the abject.

Allll.llllC—Oreat delay has tabs pleas is the opealsig
of no is, to Ltspit NW, wink 11 alma of Abadan, Iron
the refuel of the oantranon to We up installs' nth. line,
whin was to hare been °prat& kit Wasw Tesidey. Oa
that day tho &won, with their Gime, isdanciared to
take pommies of the liae by the SOlitzsetees sad
their
Mwea=alzilki: latter, with a body of wets',
nista* to he nil the week due spool
the -sleet. Oa fenneft dor the eked, sad polka
authorities pmendied to the In% and hod aa ratornaw with
the Ileselan 111141111/1•111. MS teem of the natratit
areal as we prielseed. GM On lowan to the sea-
Soden ofpens* MIK daileadad. Thk beteg engin*
a we win farther wersidiag,
with,
sad the itteW wand ea tibia
iateedkt.say
DttIILIN LIM taserrows.—Tralla for week satin
Oet. 30, 1849 :—Deily werafore, 6611. 10a 114. latoorip-
new 2141. 9s. • tetolorm on. 11d. C week
or 1648:—Dady pirmages, 7061. 6e. ;
1271. 172. Id. ; total, aga
GMAT 8017TEIBill AID WISTEIN:OPea to Culow
sad Mallow (lad laile).—ltetan; of nage kir Wok and-
big WWI,
amendlnk day of Onobar, 1849 : Pasnager
trade, panes math, 2,8531. 194. Bd. ; aterobandhe and
conk, 7071 9a. dd. ; 3,6611 Se. 11d.

HUM= ROBBERT.-4t has been diamond
that the housekeeper at Mr. CamasUmeabk,
Ins boss oohing the bereaved kinky toils
extent.
3k. Odessa osemitted Bedside s short tins am** hi-
slag MOO hebe pelosipolly poseeleey mohessessame. A
M nreelle age Al. Ceteum's idle viii. GM thee be
egged a housekeeper (Kau Itecapewea), vibe had !hid
sometime eellk Mr. Joha Welted, uteri her as easel
lost dismoolir. The wens. who is a arestrikt, sea
=ily somonled hi oppeorerts, se length Ws
k roblisi the espies homily te s sakes
uzont. Wear* lime Wel lign Woe gall OWN
=tides, wen Lit hoffe b BMo/A lhat
hove bees takes sway hem the bale.
Willortretidelpolosser woo la the unviey el lir. Ma Nosess,
& at the IMMO time is the servile of Mr. Ifeelos. was
le hem her piss% beteg ouspostei et steam lees
Eke motor Wesel he Mut her • dresolor,
mt. esusegesatly, she seared aseh pl&Wed thludik set
Was Otis
that
aka emother Ovalle& tis sew mated,
Messer, that the Rhone, telste4isilis if lin Series have
bus bast in the psoseeisu of limy Hempen& The
Lair! asp's' woo hoettgit Were the sa at
ANA • twee* et weeder &ppm& to
rhol=att et the hie Ur. Odom* woo had k pri-
siesep bin a MS. Mum% Mose. TM am=2.an-
MIA lin ISOM fir likii—Lisesio•Nrs