The Express.
London, England, 1853-08-08 00:00:00

n nv STE.IM NAYIGATIO.V COMPANY.

1.01-yearly guanol meeting of the proprietors
c. usi..ny was held on Saturday, at tin Lrndon
, li.shopsrats-strect ; IL T. Mori:, Esti , the chair-
the company, presiding.
is • , the ss cutely, then read the report, of which
r.:,'w114 i..re the prilt.psl ar ms :
• your ihrtctots, since the last meeting, in pursuance of
:sews of the charter us inewrporation, which nquires
..20.000f. ,houlci be paid up before any contracts are
:r .1 tat.. 1.,r Luilding al. ps, a esll of 2!. per shate (in
•• the ',Ott ate. ..1 U. already pail, had been
l'sosi•iwecl arrangements hare been concluded for
•nstru• tide of the chimps ead of the bull of the first
assn Ur. sr,. Jrtuta Watt rod Co., of Soho, and 31
Russell an,l e ,of London. The ship will be built
awl Ia ;.•. be eupleted in eighteen months.
r .wee of th., ships is intended to be es
for.owlL : 630 feet; breadth, 83 feet; dep h,
••
. wi h w nw and paddle engines, nggregate nominal
, euwwt 2.040. 'a his being in the opinion of the direc-
t. .1... that wit irltqlliittly secure the inills-
. • r. ,i•ite• •f c fsit, rya err:mousy. Ths se
!.. . w:11 i arty potash ht cir.l for the whole ircwf agr, and
• v.. d. 4,) (from 32 is 20 days) and expense of
w• s 4,1.1 from their evilest to touch at the coasting stations
f r ..g. p. a, sell the cot of takins out coals to those ste-
n... r.st he beo/ le,iCti will h.: tken Lulu
•: its mu.oftwill wan 12s. to 14s. pera ton. On
w. s t:e ',hat% ships to Austrolia or India

Mr. 'VA&

ao hum., the Cl,llMl.lptiutt amount% to from 4,090 to 6,0110
•autald aupi-4 16 to 20,11.10 tone ii
n .1, at tar pnt in it...to:dint.) comntunicnti.•n
•:. iL c ti w. Lut yt ar t Sy,. will carry besides thtir

ow::

•, 11, •••11TO• ,•1 0.110 tees measurement of mer-
eel wtll have 51,0 cabins for ;mummers
te. else*, with ample space fer troops
sill :our C. 4111 imes.viern. hi se you will not only be
abie t retry at rates much smaller theta those by
MI shies, hut with an unprecedented
3,110111%! P.M?, e•enfeet, end convenience which the great
ten et tee v. ie !, wall melee you to ettore. In thee
iectie-ine tl.e viz. of your shir, your dip-eters believe
that t.:ey are a'se er teineg the elements of a speed hereto-
fur. ',eleven ; au i if hereatter mais applicable to thc pur-
pa,s of seem . ' applied from tee wines of Australia,
tee eur:ehe ceseeity of reir eeiee, both for cergo uud
- WV! be preportioe vole increased. The great
keel. of ships will, according to all present expe-
thiu e, (n : tie mto pies through the water at a velocity
of sty a Loos an hoer, with a smaller power in proportion
to t mullein, than ordinary vessels now require
to Make tan kaots. Speei. is in Int another re-
sult of geese ►se. It is belieriel that by this peat
'p.c.:
. e• • eat"nset with tke absence of stoppages, the
lever :h. twee e Eue.and and leen, by the Celle, will be
named to leen thirty to thirty-three days, and between
Laelaul and Atotralia to thirty-three ce thirty-six (ley,.
TM- of et such improvem eats in the means of COMMUOI•
COCO% between these countries must certainly be to greatly
ineTe.re the intvrenum*. The hulls of the ships will be of
ow and of nee, thee tio•NI ler ngth, while the magnitude
of their dim. neon, will Wird peculiar facilities for intro-
diecg tasey precautionary measures conducive both to
Witmrth sad recoil. The whole of the ship's bottom,
sad up to de Let above the water line, will be double, and
of a tender censtruetien, so that soy external injury will
not aff.et the tigh:scai or the saf:ty of the ship. The up-
per .let': will alto be strerethened on the same principle,
so that tees 'hi, will be a cenplete beam, similar to the
tube of the Britannia-bridg e The Tunis will be nivieled
Mei ten •ev.tritt wet• r•tight cetapartmente; and as the in-
t: traedette spec: s 'aro sufficient in such ships, being each
• y test an I. mob, to allied a conecuient arrangement ot
cr.rate sal ene tied cabins, the bulkheads can be carried
completely to the upper deck, giving an efficiency to the
sreent of compares Ms which has nut yet been attainable,
tad 'ten compartntete: netted of further subdivision up it.
the I:wer deck, which will be from tour to eight feet above
weer. Se ante sets of engines, each with several cylin-
der, and separate bolero, will
rs be applied to work the
screw, dishact ft, m those working the paddle-wheels, so
dee in the event of temporary, or even permanent derange-
ment cf any one of the Ineelnee, or of either the paddle-
wheels. or of the screw, the other engines and propellers
would still he available, and the only result would
he a proportlmate uimiuntion of speed and eon-
sueptiou of fuel, thus rendering the chances of
sty serious di lay almost infinitely remote. Your
directors having satisfied themselves that the practical
lad anhanicel serene: meats proposed are adequate to
ware the aceompeahnsmit of their mej..ct, will now merely
state the cm:chalets at which they have arrived, that com-
mercially the undertaking often a sound guarantee of sue-
s:tee Their experitnes and inquiries have satisfied them
that such vessels placed on the Calcutta line would, by eon-
veyine cords and passengers wi h much greater expedition
and convenience than at present, and at rates so moderate
a.- to pea elude competition, prove highly remunerative to
the owners. Since those inquiries were made, the rapid de-
velopmesit of the Australian trade renders it pro-
bable that the line to Australia by the Cape of Good
Hope, to which your steamers will be peculiarly adapted,
may afford a still more remunerative trade than that to India.
I ftc , et an route to the foces of Australian connexion with
Europe is the direct route, and it is Mu the route which
has the advantage of being free from tolls, and the ekteeue
and &ley of transhipment, and it will be impossible fur •
setal.er clue of ships by any roues to tnaka the voyage to
Australia in so short a time as our vessels. Your directors
would have refrainel from publishing anything like esti-
mates, but havin r to meet the predictions of failure made
by these interested in the present class of vessels, they think
it right to state that the result of their calculations (made
co the assumption that the carrying capacqy fur goods oat.
ward should be ceeupied at the rate of 41. 101. per tour
being considerably below prevent freights, and only one-
half of the cabin room occupied, at rates for first-class pus-
seugers, 651. ; second clam, 351 and third class, 251., in-
cluding provisions, giving to each of the respective classes
enlarged accommodation, and assuming that only one-third
of the vessel's capacity would he occupied on the homeward
voyage) is that, after making the moot ample allowance for
working expenses, depreciation, wear and tear, and insur-
ance, v surplus remains equal to 40 per cent. per annum
upon the capital invested. In conclusion your directors
desire to state that they believe the vessels of this company
will supply the great desideratum of the day, and will
of 'rd the speediest, the safest, most punctual, and most
economical means of communication ever devised between
this country and her most distant eastern colonial posses-
Mr. BISOOOD moved, and Mr. C. F. GREEN seconded,
the adoption of the report, which was carried unanimously,
sad the business cencluded, with the usual complimentary
vote to the chairman and the directors.