The Express.
London, England, 1853-07-21 00:00:00

GREAT LUXEMBOURG RAILWAY.

Yesterday a meeting of the shareholders in this
company was held at the London T , Sir W. 111•OXAT,
In the chair, preparatory to the general meeting of the
company, which is to be held in Brussels on the Thad in-
most. The report stated that the difficulties which the
company bad to encounter having been sarmonotedosothing
now prevented the undertaking from being brought to a
sueceseful and profitable conclusion within the period
stipulated for by the last convention made with the Belgian
government. The sale oldie surplus land which the com-
pany purchased in the Quarter Leopold, in Brussels would
more them cover the Interest which had been paid to the
shareholders since the
ts Trot:
ma
of the works. The origi-
nal (rats' of the line bet Namur d Arlon had been
altered, by which the co would be reduced 64
English miles. The guarantee which the Belgian govern-
ment accorded to the company was 4 per cent. upon the
fixed sum of 900,0001., and considering that the laud
balongibg to the state traversed by the company's line
wool,' be ceded to it grataitousiy, that the lead be-
longing to private individuals had been secured at a
moderate cost, and that the contracts had been let at
prices the value of which could be calculated accord-
ing to the new trace with considerable accuracy, the share-
holders might safely calculate upon receiving the 6 percent.
flaw paid on the guaranteed stock in perpetuity. It was
expected that the opening of new mines in connexion with
tie railway would add largely to the sources of profit, and
the directors anticipated that the ue derived from the
conveyance of coal, lime, and other minerals along the
whole extent of the line would be sufficient to pay the in-
terest on the capital expended. The share capital now
created for the construction of the entire railway tram
Brussels to Namur and Arlon was 60,000101. shares up,
600,0001.; 60,000 51. quarter shares, bearing a pre erential
interest of 6 per cent., 300,000/. ; 60,000 101. shuts
guaranteed 6 per cent., 600,0001. ; toal, 1,500,0001. ; which
would bring out the cost at 13,0001. per mile, for which
the shareholders would have a great metropolitan railway
of 120 miles in length, traversing nearly the whole length
of Belgium, and opening the shortest route for interim-
Canal traffic by its connexion with the French and Ger-
man railways. The balance-sheet for the year ending the
31st December showed receipts to the amount 206,7451.,
and at that date there was a balance of 89,2211. The re-
port, which was received with great satisfaction, was unani-
mous', adopted, after a brief statement from the chairman,
in which he said that 160,0001. would be and by the new
trace between Namur and Arlon, and that from the is-
quiriss he made he had no doubt the coal traffics to the die-
trist of Meta and Longwywould alone return 4 per cont. oa
the outlay of capital. Mr. Bowen, and Mr. Drouey, the
resident minister of Belgium in this country, were asked
to become new directors, and it was hoped their inflamer*
would contribute to the future prosperity of the company.
The line to Namur, and the first section of the lisle to
Arlon, would be opened in November neat, 1001. was
voted to the auditors, and a vote of thanks to the chairman
and directors terminated the proceediege.