The Express.
London, England, 1849-06-01 00:00:00

mail eumincriciation, induced them to valmit • propood to
the govtramor to the f effect-4.r, re•
truchlish the communication ot the 3rd of %h•• month be-
tween limthampton and Alezanoria ; to accelerate and
othmwise improve the communication between Sum and
Bombay; also, to socelerat, and mixer- the incil service
between Maracillee, Malta, and Alexandria. Th•• proposed
additionel and improved communications to be establulted •
' and maintained on term, which would eff.c; a coy large re-
demi a to tee public, es comp oed with the as/ of the
exiting RAIDS of emanarniettion. The directort have not
pt received any deficit. reply- to this propos.l, but looking
t, the important public adveatages which it involve e, they
eons der that it cannot long f•il to receive that attention to
which it. merits entitle it.
The company's new steamer Canton has commenced run-
Icing on the branch Ins between Hong K om, Macao, &e,,
and Canton, and has h en toned wed adapted in ever/ re- •
.poet for the service. Her earnings to the date ot Idt ad-
vice. (31. c March) had been remunerative, and rho had been
found to be en important anadisry for increasing the traffic
of the mein line. The merciamis of Hong-K• ng were form-
Mg an arrargemeat wilt the company's earn. ter availing
thanse:ves of her service. as a Manch postal communi•acion
with Canton, Macao, &c., and, being efßeirntly armed for
defence agabot the piottical trait wilt which the C noon
rmer is infer-eel, she was bound to present superior security
as a men s of conveyance.
The repot having been received and adopted. a reenlution
was putted to the effect. " that a dividend of hue per cent.
els./ ot income tax for the hall-year ending 31ac hlioch last
he now elecloed, and ba papible on and after the 22nd
proximo "
Thanks were then voted to Sir 'An Pirie and the dine-
tors, mid the meeting separated.

NEW ZEALAND COMPANY.
Yesterday, the annual general court of proprietaa
was held at the offices of the company, 9, Dread-street Build-
ing% for the election of directory, and the transaction of other
badness—H. A. AOLIONIIT, M P., in the chair.
The report began a. foliowe :
The obyeets which have principally occupied the attention
.ef your directors during the east year ere the completion of
the aningementa which we had then commenced for the
determiLati el of queetions relating to lent in the several set-
:Pm-ma of the company ; the resumption of land sales in
Gtr fur furs:'lttUi remo:u'aisa; theon "ft;
they means of of the lauds lai
fn nderingsuachllaend.
Linda
most OS iently subservient to that purpose; the ex, cu.
lion of conveyances; and the adjustment of the N. loon
accounts. In the pursuit of the major part of there objects
the mace:tee ha. been such es to a* rd grounds for meat
satisfaction. In order to the determination of the questims
which nod arisen between the comp thy and the purchuer. of
it. la. d, we had props d, iu tne month ot December, 1347,
that all matters In difference relating to that subject
should he referred to the sole decision of the wirers...vim-
chief. While declining the office of arbitra'or, he entered
cordially upon th, task of medision, and thus become the
active ernecoter of a satisfactory arrangement. The arrange-
ment embraces, however, one clans only of landowners—
vine, Lamely, who either were, is September, 1848, or pre-
'imply bed been, resident in New Z eland, on the ground,
• :elusively, of the losses at d personal privations 'o which
they had been subjected in consuptenees of having ventured
themielvt a aid their families, as well as their Glutei, In the
colony. In the opinion of the settlers, the non-residents had
noclaint toasimilar award ; and to admit the mto it would, by
,Iscreasag to a very large eimat the quantity of lend to be
deemed vault. nely sod without provision of funds for tota-
-1 Mame purple's, millet a preparti mate injuey upon the
settlement.
Oi our intentions to resume the sale of land in the settle-
ment we bare given public notice with es little del :•y as was
prutbmble. Definite privileges have been given to parties
purehming in the United Kingdom, in the shape of passage-
allowsuee and a power el recommending labmurs of their
own unevon. The size of allotments bosh in town and
country hie be• n much reduced, so as to meet the wishes of
eaphe uts of all classes ; while nu impediment is interp sod
to the acquhition of estat. a of the widest extent, opportunity
is afforded ro bee me the propri tor of a single allotment of
26 'country acres, or, if a town be preferred, even of a quarter
at en acre. Above all, the restraints urin the power of se-
lection, wh ch heretofore existed in the shape either of order
of choice or of sale by auction, and which were, perhaps, in-
dispensable at the outset of the enterprise, are now removed :
each punt-sir willhenisforth be at liberty to select without
delay the allotment he desires, and to obtain it at once at the
price previously fixed en I known.
In connexion with the sale of land, the question of pas-
turage hes necessarily come wider review; and we have
drawn up a table of regulations far the depcouring of lands
at the disposal of the company within and without the 'tittle-
: merits respectively. In the former we have d termined to
confer the peril. ge (without defined runs being specified in
•he license) upon the holders of purchased land in each settle-
, mem, and up .n them only ; to require that it he al portioned
according to the quantity of such land held be each appli-
cant ; to intrust that apportionment and the administration
of other de ails to p ram see ted annually be the parties
themselves; and to attach thereto no money charge what-
ever, except the it fling tee of half a guinea upon the issue of
the license. In lands without the wttlemeitts we have re-
solved to dispense with the previous qualification of holding
porches. d land ; to throw open the pasturage to all parsons
whatever, but to impose a moderate pecuniary charge. In
these, as in lands within the settlement. we rennin the
duration of the license to one year, giving, 'hawever, to the
first holder a certain preference in the renewal.
Asa part of the arrangements indispensably necessary to
such colonisation, as w.ll as a question. of justice to former
pun h-se re, our special attentim has been Riven to the aim-
plificat ion of the forme of conveyance. Subject to the nuts-
eery powers being conferred by the legi-lature, a mode of
procedure hue at length been devised, regarding which we
feel sal under the assurance of yeur solicitors, that
while urines wary intricacy is avo.ded, provision is made both
f r curveting to the purchaser an unimpeachable legal title
and for securing to the company a valid discharge from is
fulfilled untracte. By this course the triple advantage will
be g.ined of 'voiding delay sad expense, of obmining an ac-
curate description on the spot, and of enabling the party in-
t. rested to comply at once wi h the local orninances, which
require that all instruments affecting colonial lands shall be
recorded, in the Corms prescribed, in the colonist registen.
The charge upon the execution of the deed will be the
amount of the ann.' cost.
The Nelson accounts have also received our frequent and
semi nu attention, and a decision hat now been proposed by
the co e mines apt.olnted to consider the question, has been
approved of by the court, and will be communicated imme-
diately to her Majesty's government.
Negneiations are in progress, under the sancta* and aid
of toe government, for the stqabition by purchase from the
natives of extensive tracts adjacent to those which are
already the property of the company, and extending to
either coast of the southern portion of tlie Northern Island.
Purchases, embracing upwards of two-thirds of the Middle
Island, have to en definitively effected with the like sanction
and aid. By the prudent plan adepts!' by the present
governor, of paying for naive lands by means et hostel-
meets extending over a series of years, many of the objeo-
tioos which we formerly urged against such payments have
been removed.
For the much'r of the entire poisonous and interests of
the French Nanto-Bordelaise Company, at Akarea in Banks'
Peninsula, we have entered into a definite agreement,
which is not yet brought to a cooclusion, but of the astir
foamy issue of which there is no reason to doubt.
The only objects of particular interest which the aeoettots
present are, the diallers of the last debentures upon which
money wee borrowed daring the period of extreme difficulty
that commenced in 1843 ;the expenditure of 16,1631. 154.7 d.,
including 9,3391. its. 3d. received f.r freight and passage-
money, upon the conveyance of emigrants, by means of
which 778 inhabitants have been added to the colony in the
course of the Usual year; and the receipt of 11,`A81. 10s.
(including 6,1811. ;Os. depanted last year) as the price of
5 6031 awes of Otago land.
From the statement of accounts appended tb the re-
port, it appeared that the receipts of the company, ;up
to the 611 i April, 1849, was 114,3321. 9s. 7d., in which was
included the balance ea band on the sth April, 1848,
amounting to 20,7841. 10s. 3d., a further loan from her Ma-
jesty's government, under the 10 and 11 Victoria, shop.
112,
16,
of 72,0001., and a loan from the eompsny's bankers of
0001.
The balance on hand in cash and various inveatmento on
the 6th April, 1849, amounted to 41,8691.6+. 7d.
The MILIIISIUN moved, and Mr. J. Warsom seconded
tho adoption et the repeat, which was agreed to.
The eateciag Moons of the company, viz., Alderman
Mr J. Pine, Bart. ; Mown. A. Cowie, A. Nairn*, R. D.
Mangles, O. P. Young, and,Alderman W. Thompson, M.P.,
were reelected.
The following resolutions were tbentananimeresly \deleted :
" That this meeting do authorise the directors to .make
such application to parliament foe enlargement of the
totleate-of the company in reference to the execution soldew
Zealand of conveyances by the cempsay ot land , by
them, as to the directors end ha Majestys government shall
seem expedient
" That oar principal agent, in New Zealand, for the time
=hil: empowered to nominate any parson whom hi may
Mast eligible to eat as his suspensor, in the event of
his dee* reelpnation, or inespacity_to act. And also at any
time to suspend any of the company's local agents in New
Zealand, end to nominate any fit person or persons in his or
their plass (object to confirasr tiiii:antal the court of directors)."
The promedings then with the usual vote of
thanks to the chairman and the dinettes of the company.

TOE Port LauttrATE.—We had yeaferdly *the
gratification of seeing the venerable poet, Wordsworth,
walking in Broad•steset, of *hefty, antiwar, glad to observe
bine looking so well, considering his advanced ego. Ho
arrived with UM Wordsworth by the Worcester mall, end
after visiting the cathedral, peoeseded to Hay and Whitney.
—Hayford JOMINIA
FATAL ACCIDENT ON THE `-BefogRITEMr.
&her at the Black Boy Ifigh•street, g, the
bodies of Joint Cole and diaries South, fishermen, who were
drowned in the aver under the following circumstances. It
that on Tuesday, the 22ad ult., the deceased men
le appeared
Billingsgate in as empty peter-boat. Oa thew arrival
off the Tower a brie Hot Indianian was being hauled out
of the St. ll.afte's Dock, and wee directly afterwards
taken in tow byilirati aiLeteam-tng. There were several
bargee and upon the stern of the ship, and
the derreasedtinesned—zil7toat to the stem, in between the
balgee. On the ship main; the centre of the river, one
of the barges let go and calmed the peter-boat to upset. The
deceased were eeen straggliag in the water for several
minutes, but they dWippior before any actresses could
reach them. Smelt was made for their bodies, but they
were not recovered until Monday lack Verdict, "Accidental
death."