The Express.
London, England, 1851-07-04 00:00:00

LONDON, FRIDAY EVENING, JULY 4, 1851.

tY AND BIRMINGHAM
RAILWAY.

Yesterday a special meeting of the shareholders
in this company was held at the Lion Hotel, Shrewsbury—
Mr. 0. Oulu, Td.P., in the chair—the object being to con-
sider bills now before the House of Lords for extending the
time limited by the company's acts for the purchase of land
and completion of branches; to authorise the formation of
branch, junction lines, and stations ; for the nicking
arrangements with other companies; to authorise working
arrangements with the Shrewsbury and Hereford and
Shrewsbury and Chester Companies ; and also to authorise
the joint construction and maintenance of a station at
Birkenhead.

Were read at length; they contained clauses af-
fecting very much of the matter in dispute between the
London and North Western and Great Western Companies
respecting this line.
The CHAIRMAN moved a resolution that the bill should
be approved by the meeting. He remarked that the chief
feature in the bill was the power to construct a
branch to Priestfield, and lurther the obtainment of
powers to finish a portion of the Stour Valley line at
the ezpense of the London and North Western Company;
the length of this would be about one mile and •
half, and was tantamount to forcing the London and
North Western Company to open the entire of that line;
he further remarked that it was understood the Great
Western Company were about as speedily as possible to
open a communication with this line. He called on Mr.
Clive, the deputy-chairman, to detail the result of certain
negotiations with the London and North Western and Great
Western Companies.

Mr. CLIVE:, M.P., said that he had been for some time in

communication both with Mr. Glyn and Mr. Russell ; the
result was that last Tuesday he received a letter from the
Great Western Company, from which he read the following
extract: "Under these circumstances our board have very de-
liberately considered what course they must pursue, and have
decided to proceed at once with their own line into Bir-
mingham at the Snow-hill Station, and to make a junction
line with the old Grand Junction station, so as to secure
the undoubted right of making and using one independent
line on the broad gauge throughout to Wolverhampton. I
cannot doubt that our allies in the Shrewsbury companies
will recognize in these decisive measures the determination
of the Great Western to carry out the objects of the alliance
not only in letter but in spirit, and to etf:ct one junction
with them in spite of all opposition."---Mr. Clive in addi-
tion expressed a hope that they were on the verge of a
satisfactory issue.
In reply to questions from Mr. AIROVII and Mr. Corns,
it was stated by Mr. CLlva that he had entered into com-
munication with the two companies above named, with the
consent of the Shrewsbury and Birmingham directors, but
that there was no minute of the board to that effect.

Mr. ROBINSON, the company's engineer, explained
the advantages to be acquired from the construction of the
Priestheld branch. It would give a much larger value to
this company, either as independent or in treating with
either of the two great companies. The cost of this branch
(including the land) would not exceed 10,5001.
Mr. ROBERT SCOTT (the chairman of the Committee
of Inquiry), opposed the motion of the chairman, and, con-
sequently, the further procedure with this bill. He denied
the importance of the Priestfield branch: it was to be made,
and the present contest was to be continued to enable Mr.
Knox, the late secretary, to carry on his cinder trade profit-
ably ; and also fur a similar purpose as concerned the Bryrnho
Iron Company. On the part of Class A shareholders, he
protested against the proceeds of the Stour Valley line being
appropriated to the payment of the Preference Shareholders'
interest.

Mr. ROBERT ROY, in a long speech, defended the
conduct of the board and the Shrewsbury and Chester
Company; with reference to Mr. Scott's charges, he de-
clared that they were entirely at variance with the facts.
Mr. KNox supported, and Mr. AKUOYLI opposed the
policy of the directors.
The CHAILItM.kN then put the motion to the meeting,
and upon the show declan.d. it to be carried ; n pull was
then demanded by Mr. Collis on the part of the dissentient
shareholders.

At seven o'clock the scrutineers mole their report of the
result of the poll upon the first bill regarding the l'restfield
branch.

Fur the Directors' Bill, including prozieg 10,609
Aguinit it 7,932

Majority
The majority not comprising four-fifths of the meeting,
the standing orders cannot be complied with.
The second bill—the agreement with the Chester and
Shrewsbury Company—was lost in a similar manner. The
directors did not obtain the suncnt of three-fifths, much less
four-liftbs.

WLNDLNO-UP OF JOINT STOCK COMPANIES.

BRITISH AND AMERICAN STEAM NAVIGATION
COMPANY.—Yesterday there was a meeting of the share-
holders and others interested in this matter before his
Hon. Sir George Rose, to settle the list of contributories
brought in by Mr. Hutton, the official manager, for whom
Mr. ltoxburgh and Mr. Colley appeared; Mr. Daniel, Q.O ,
and other gentlemen appeared for various shareholders.
—The company was established for carrying mails and
passengers between England and America and commenced
with two large vessels, the President, which was lust, and
the British Queen, which was subsequently sold. On the
loss of the President, in 1811, it was resolved to discontinue
business, and up to that period calls to the extent of 6.5 per
cent. had been made upon the shares. The report of Mr.
Hutton, from an examination of the books, set forth that
the directors, in virtue of the deed, had made 13 calls of U.
each on the shareholders in the course of the company's
business, and for the purpose of discharging liabilities.
The calls in a large majority of cares had been
paid, but in others there was an armor now
due amounting to 9,6-141. A portion of the share-
holders had paid on their shares sums in excess
amounting to 7,12d1., and the official manager now pro-
posed to tarnish the shareholders with a state of their
accounts, charging them with the several calls made by the
directors, and giving them credit for the sums paid. The
sums due upon arrears of calls if fully paid would be more
than sufficient to recompense those contributories who paid
GU. per share, though, owing to the insolvency of some, it
was feared the full amount would not be recoverable.
There was a balance of 7001. in hand, transferred to the
account of the official manager by Messrs. llaxendale, Ta-
tham, and Upton, who were the company's solicitors, and
there were no creditors. The Master proceeded with the
settlement of the list, placing thereon all those who had
signed the deed and paid calls ; those shareholders who
had paid more than their equitable proportion assenting to
be placed on as the means of entitling them to a return out
of the contributions of these who will have to pay up their
calls in arrear, and thus equalise their pecuniary position
ister se. Some contested cases of liability were adjourned
to the next meeting, for the purpose of summoning the par-
ties to give evidence on disputed points.

TILE REPRESENTATION OF WORCESTER.—In re-
ference to this topic, which has come upon the tapir in
consequence of the stoppage of Mr. Rutford's bank, the
IVorrestershire Chronicle -nays "It is not probable, we
imagine, that any immediate opening for a candidature is
likely to take place. A member may retain his seat in the
House of Commons, though he cannot sit or vote, for 12
months after he has been deelaredbankrupt. Mr. Hawker,
the late member for Dudley, retained his long after he was
in a position of hopeless insolvency, and Mr. Donald
M.Lean, one of the representatives of Oxford, held on, spite
of similar circumstances, and a bankruptcy to boot in July,
1546, until the close of the last parliament in Jane, 180.
It is probable that the influence of Mr. Raiford's partisans
will be employed to induce him to keep his seat, as, in the
event of his resignation, they would have to contest it under
great disadvantages, or allow a liberal to walk over the
course and cement an interest which would be brought to
bear against them on a future occasion."
ADMIRALTY, JULY 3. PROMOTIONS —J. H.
Bushnell, M. S. L. Peile, J. G. Boileau, T. N. Under-
wood, T. H. Grans, R. B. Pease, J. Carnegie, and E.
Madden, to be lieutenants. J. G. Simmonds, Clerk, to be
Paymaster and Purser.—APPOlSTMENTS.—Commander :
Nicholas Lefebore ; Lieutenant: A. 1). W. Fletcher, to
Dasher. Surgeon : Edward Heath, to Firebrand. Clerk
in Charge: H. J. Kelly ; Second Masten: Chas. Burney,
and Fred. Kirkham, to Dasher. Assistant-Engineers:
Fred. J. Pope, J. Smith, and H. J. Layland, to Myrmi.
don. Masters'-assistanta : S. Harrison, R. C. Ilutclunson,
and W. H. Moore, to Dasher.

TUE SUGAR DIJTIES.—The following new and
reduced rates of duty on colonial sugars, on importation,
come into operation from and after to-morrow, the sth
instant, by virtue of the Act 11 & 12 Vie., cap. 97; via ;
Sugar-candy, brown or white, refined sugar, or sugar ren-
dered by any proce4 equal in quality thereto, for every
cwt., 13s. 4d.; white-clayed sugar, or sugar rendered by any
process equal in quality to white-clayed, not being refined
or equal to refined, for every cwt., lls. Bd. • muscovado,
or any other sugar not being equal in quality to white.
cloyed, for every cwt., 10e. ; molasses, for every cwt.,
3,. 9d. This is the third and final reduction of duties on
B. P. sugars provided for by the act. A reduction of
duties is also made, at the same time, on foreign and other
sugars, on importation into this country, in proportion.
[Advartisemt 110— HOLLOWAY'S OINTMENT AND
Pats, • marode Cram roe BAD BMWs —Extract of a letter tram
Mr. F. Turner, grocer, of Peasherst, dated De:. 13, ISSO To Pro.
ham Ualloway.—Mr —lt is with plessire that I acquaint you of the
wonderful ears effected by the me of your limitable ointment and
pile. My wile mated toe more Una de moeth. from a &neatly
DM Mast. sad *Weather reediest attendant fovea lespowible to
She the, triad roar mediehrea, which, is hUle more than a meth,
'fleeted a perk* aml redksasere, to the aetoolabment of the sissy
permed who me 1/1 what as awful had state it had lasa."--ikaatA
ill druggists; sad at ProMesse Holloway's Eetablialumat, Sit, a
Imam

et.
et.
so
so
as

RAILWAYS.

THIS DAY.

Two o'CLoon.
The bargains concluded in shares to-day are un-
usually few in number, and advantage continues
to be taken of the comparative absence of busi-
ness to depress the market. Our usual analysis
of the tns9tc returns will be found in another co-
lumn; but, notwithstanding the favourable results
afforded, flatness has prevailed throughout the mar-
ket, and the present quotations are in most instances
lower than yesterday.

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