The Express.
London, England, 1849-08-04 00:00:00

RAILWAY MEETINGS.

WATERFORD, WEXFORD, WICKLOW, AND
DUBLIN RAIBWAY.

The half-yearly meeting of this compuny mu held yester-
day at the offices, West Strand ; the Earl of Courtown in
the chair.

The report stated that the coital which the company was
authorised to reims mounted to 1.500.0001., that the North
Wales company had suiscribed 2'20,0001, 'awards th 3 under-
taking, and that 52 1921., including 11,160/. for land, had
been expended on the works at Killiney and Bray Bead.
The distance from Kingstown to Wicklow is 231 miles,
beyond which place they do not intend to carry
the line. The estimated cost of land and works is
300,2711.; of remittent way,loo,ooo/.; stations, ece , 20 0001.;
total cost to Wicklow, 420,2711. ; already expended, 62,1927. ;
balance in hand, 13,3 '9l, leaving 354,7491. to be provided
for. They state that 70,8561. wt uld be sufficient t) carry on
the works 'testily for the next twelvemonth. The amnia'
to the Ist of July shoes that 144,1661. had been received, and
130,8371. 'traded, leaving a Wane, of 13,32 W. in band.
Tie directors have strived at the conclusion that it would
sot be desirable to proceed with the line further than
Wicklow, aid, looking to the local traffic, they believe
it cannot fail to prove remunerative ; that in the
event of the total abandonment of the scheme the

compensation which the company would have to pay
to landowners, contractors, and other would probably
amount to a large proporti n of the rum that would be suf-
ficient to cemplete the works. The directors propose to
reduce the capital from 1,500,0001 to 600,0001., the 75,186
shares already subserib .6 for to 50,000 shares, and the nomi-
nal sinsunt from 201. to 101. per share. There are at present
18,137 sharer, upon which 31. per share has been paid; 7,944
shares on which 21. has been paid, and 49,105 shares upon
which only 30s. per share has been paid. By this plan they
state that the holder of three 207. shares with V. paid on
itch would have his present liability reduced from 511. to 111.
The director. propose to reduce their *Bowater from 1,0001.
a-year to 6001. a-year, the salary of the secretary from 1,0001.
ayes, to 8001. a-year, and corresponding reductions in the
engineering and other departments.
The Commove moved the adoption of the report.
Mr. Neon proposed au antendmene to the effect that the
meeting adopt tie report of the shareholder' commi•tee and
confirm the resolutions of the meeting. of the shareholders
Mild on the 4th of May, 1849. and 24 h or Yebinary, 21st
of March, let of 111 .y, and 2nd of July, 1849, in lien of the
report of the directors; that the report and accounts be
veneered to a committee of iftvestigation, to report thereon at
a future meeting. He mid the scheme of the directors
was a grew delusion, and that the shareholders would not
support it. He thouget it very improbable that they would
get the 60,000 shares subscribe l for, when it was considered
teat the last call bad only been paid on 7,000 shares cut of
100,000 snares. Unless the direct drs came to terms with the
oissentient shareholders, it was impossible to go on with the
works. The S nth Wales Company were not legal share-
hol leer, they bad not paid their subscription and ,hey could
not be athelloi to pay the calls. Another fallacy in the
report was that the directors ca'culated upon receiving
73,0001, being the arrears on 49,000 shares. A great deal of
money already had rein expende .„ and very little done for
it. The accounts laid bevere tee per psi. ton did not tally
with the books of the eirnp.ny. He &fled the cbairman to
prove that they had a b dance of 13,3291 in hand—[The
CRAIIuItATI.--.• There ill. as shown in the accounts pre-
sented to the meeting. He could assure the meeting,
having Inspects* the beaks of the chnpsny, that may
4 2631. of the Wastes was in cash, and that 8,6001 of it had
been lent to the Great Western Company. The balance
Is hand was, therefore, erroneous. altnrugh the auditors
had signed the statement. 130.0001. of the com-
pany's funds had been expended, but only 62,0001. of it
en land and works, for wiiick there was very little to
show. The dinners had refused the committee appointed
oy the skareholdtn access to the books, and they were taking
legal proceedings egoism thoehareholders fur the recovery of
calls. He thought the dissevers should meet a committee of
pripriett.ls, and molar with them as to the 'domicil of some
middle come, sad sot to persevere in the present arbitrary
mode of peroemdiag.
Mr. Baziow said that the Stith Wales Company had
paid on their shares.
Mr. FamODY seconded the amendment.
A oonnereadea issued, in the course of which
)(jot COORS proposed an amendment, to the effect that
the further co:on:radon of the report be poetooned until
after the me tinge of the Great Western and South Wales
Itailwav Companies.
Mr. Naak's amendment having been put, there appeared 9
In favour of ir, and 13 'gained if. Ott biejor Court's amend
mint being put, there appeared 16 in savour of it, and 11
against ire, and consequently it was declared to be carried.
A poll on both the amendments having been demanded,
were appointed. No pr ;Mee were used on this
occasion, and the result was, 36 verse in favour of
Nash's amendment, and 167 against it; majority, 132 ; in
Wow, of hunt Court's amendment, 46 voter; against It,
167; mej-roy, 111. Mr. Nash protested against the mode
adopt. d in taking the vette, by which he alleged that *en sal
I votes were rejected which +mild have gin n a majority in
' favour of his emanate-et if they ha 4 b'en admitted.
The original, unties for the adoption of the report was
then declared to be carried.
The proceedings coccluied wilt a vote of thanks to the
chairman.

NEWRY, WARRENPOINT, AND ROSTREVOR

RAILWAY.

The half year melting of hi. comminy was held ye.trr
at the ode. Ml,restr str►et. Ltd Ne.er the th it
T e rt *AL e 4 the' ,h lin • tr .ns Ne •t y to War...l'point
w hr 18 h of M L, . tw pees. og r-in .flit. Toe
ig g. pug .g y a•m e,..: d r e .ctor
shortly to he .hie tr.utmit t. rats for the wo.kins of

the traffic. They recomraend the confi:ma,.on , f the for-
feiture of 270 shares in c mowers of the no.-payment of
exile The ca!i•el •e aunt showed that 111.02 it. had core
eeived, and 110,0781. expended, leaving a balance of 9471.
is hand. The revenue ►ccount from the Zith May to he
30th of June state♦ that 2571. had b, en reaeind, and 1311
u• ended—le av,ng a profit on the worLing of 661.
The report of he directors was received, but not adopted,
and e.rdered to be entered on the minute?.

_ .
The meeting was then mode and a committee was
appointed to inver.t.pata the affairs of the company, and
ppm thee, on to an &clowned meeting to be held on the
24 h inst.

The meeting then adjaurned.

LEICIPMEN AND BWANNINOTON.—The junction of the
Leicester and Swainington line with the Midland Railway
was opened for traffic on Wednerdsy last. Ilithtrto the
Lticestenhire coil at to be carted from on, line to the
other, but now the weapons will be loaded at the pi.-
mouths, and drawn to the stations without further tremolo
or espense,_

GRIAT NoeTnaate.—We have every reason to believe
that the line from Doncaster to Retford will be opined early
its September. The company Lave now taken the manage-
mint of the station at Doncaster, and will alto work tots
portion of their line.
Tan COLOSSAL TI7SCLAIR BAIDOII AT TUB MENAI
SIMAITB.—The Liverpool Mercury s.qs :—•. We will endea-
your to give our readers a sketch by which they may judge
of the daring and magnitude of this work. But at the outset
we may otesrve that the word • tune' dues not convey to the
mind an secure.. conception of the hollow pessnse terough
which the r0i1..., is to proceed, at an i levativa el m 40 than
100 feet above the level of the sea which it is to crow. The
passage is a ?rewriter hall, formed of boiler plate iron ; it
is an iron box, in fn., to b, suspended in air, end of prodigious
dimensions, as will be conceived from the following homely
but pelisses graphic suggestion :—Middle clan houses in
Liverpool and other towns are often six yards wide
in front : they are familiarly known as six-1 and boons. Al
dozen such houses form a considerable row or block of build.
logs, bat it requires a street of 26 houses of that kind to
represent tne length of one tude; and the breadth and
height will be pretty accurately imagined, if we suppose all
the front apartments of those houses (palest., drawing
roses, end upper bed-room) to he formed into one, through.
oat the entire length. A long and lofty hall it would cer-
tainly be; and yet it would only represent ode of the iron
b nes, several of which Sr. to carry the railway from the
summit of one tower to another over the Menai Straits.
They will be suspended from tower to tower, throughout a
length of 460 feet, without any centre' support whatever.
Two tub. e of this leegth, and two of a shorter length,
form one line through the air ; and if we imagine a
similar series of hulls, formed of the back rooms of a oaf
Went number of such houses as above supposed, we shall
have a tolerable idea of the double line at railway (for the
Om: and coming train.) thus conveyed over a specs which
seemed to forbid the progress of any such means of triune
Thee:set length of each of the four principal tubes is 472
feet, the exterior height nearly 30 het, the interior breadth
14 feet. Numbers of perms are docking down the railway
(the m. et picturesque line is the kinsdom) from Chester, by
Flint, Moen n, Rhyl, Abergele, Conway, Aber, and Bangor,
to see the works, and well they are repaid ; while numbers
are also arriving by the steam-vessels from Liverpool to
&tsunamis, &e. for the same object. From Landon the
journey is perforined by rail within eight hours.