The Express.
London, England, 1849-03-17 00:00:00

RAILWAY MEETINGS.

CHESTER AND HOLYHEAD.
Half Yearly Heding.—Loados, lineh 16.—Copt. 1/001.-
sou in the chair.
The fisommay read the report of the directors on the
gement memion, of which the following is an outline :
" With respect to the progress of the works, the Optiab
1 den for the section of the tubular bridge over the
Una' Straits ant- fir advanced, that the opening of the:
aneirs lin may be expected about the lit of Angus!. The
semi tubs owe the Conway river was safely ;awed on
ihe Ma Gahm The directors have been called on
by pmeameat kw 31,6001., being the first instalment of the
Niesatribetiou towards the Holyhead harbour and
akaam in progress. The authority of the short-
is rem for raisin the (MI awassary to coat-
glellethe peatimae of the Mold line, • preposition of the di-
that eact having bee. sei at a previous
amsmissetheg,ile ma the directors, Ming es Met swan, having
esatributed 91,3501. toward* the ematentien of the
Main
line.
Of the trebling' -altiefie net lama im at the IM ,
the directors have elf 9.375, leaving 1,359 ana=l.
la M
Imes alias le the r
ef the Mad Balza
le, that, ia 0111181.10
the Mee WPM new Inner of adybeed, te- armalhe asses'
Ina A. esftertes, smiths expos& ef the peshett MIN% r
it is netemuy that a &Aber capital 'of MASK be rued.,
TM existing pawns of the crompeay,'lsidedlet than yoke r
the Mold Meissen* may to the rent of a limber
of 400.0001. try Mama De order, net tie:
a easisa, the fillenes hen introduced a fate par—
ma% llnthableg the rain_g of the additional
capital anemia, le eagene the many, ead they ask ttha.
therehddas to males Al_ proceeding, sad te man nen
the power Ile treats Mean to he amount of 735,0001, to be
Mewl itbead requisite, ia . preference shares, and allotted
=Llbeldam of arigioal shares. They farther pledge
to' ristpone to the Istria the erection of any
diom, sad. If required at all, to use them to the enuillest
litelizeks
man sad at, the lowest rate of dividend possible. The
lbestems gesseed to mato that the total anther
of emnerad by railway and steam-bons, from the
let May to the list Danaher. ern 195,716 • .ad the gross
neeipts wars 48,0&51. Os. etd. The worluog ollancnienated
to 10931. ls. 10d., and the profit was 27,4911, M. The
'e Steam-vessels are stated to have proved them-
lily adapted to the samba for we) tn ' they were
I a ism ea *dr eleklsi is admitted, but it is stated
a pespefilinees lbe esmnay to undertake thewhole
hub& of the min NOW at Holyhead is pre-
emie mike lie eseeideratirm of the government. It is
emsemeedthaS the Joanna of economy, the London
tz:Ms Many be st=sd to the Zustoostatlon. The
Ilea arm that wins the Me shell be
eempiseederbsp bend shall han reenned from its un-
mempb&Mmossims dad whoa the company doll have
sinned the porbellse Isselam—the porsafary returns of
tl=ise will be mere neatly commenaurate with its
and national imperteace than at present. The
aspen semeludo with a rocanimadation to the shareholders
'NI erdare a dividend of Ss. id. a share on the preference
nem, which with the interest on the Mead sharer is
mak payable on the 24411 WV
The report of Mr. George Stephenson, the engineer to
the sampany, was nursed, from which it encored that
e weeks on the unnished pardons of thlielme were ad
milmlug vigorously. At the Britaante-bridge the whole of
ilmasesoory is finished, with the axon Son the Blitosais
gliper. white however is newly y for the reception of
is hiditali_ a Preen SIT lifting at. tube. The maw-
magi Om, Olean al* WV tube, an beirlY sad
wilt be mealy so by the beginning of May. Kr,
Mt-
pit tits reffe illk hAlltverti aillisdsd to ids Ittado dille:
total lest of commons o the engineering work', together
with the name Wpm: the parliamentary indombst ,
ese# re emu the cameo which have led to the
Innis ezeseisd what was originally • •
item Menem in menthes, bundling, and umuurirblo

anwitratee to three soureserHest the large number of level
~.,,p OW roads iiiated by the first act instead of
Intitges, which have them; secondly, the sea de-
bars • :wed by the a mirky; and thirdly, the additional
asserry required at Penman Bah mid Panseasa Mawr.
After briefly adverting to the items of roses in statism,
rot of rails and sleepers, and extra oat of sU of which
les states to Iss unavoidable. he alludes to the La item of sl-
ew, &tieing out of the tubular bridges over the Camay and
Strai:s. He apneas as opinion that nomeans leas ex-
pansive ased bar been used for accompli log the ends in
view, and he aeunista for the extra earns' by the state-
ment that the novelty, difficulty, and angrilada of the
wear led him from time to time to alter not only On wort
kW, bat the plans of ?mediae, with the view of adopting
every alternative to obviate accident or attain security. By
the statement appended to this report it appears that the ex-
sem beyond e parliamentar estimate n ell the items
was 945 0001.,th d which amounty there is yet to be expended
.185.000/.
The paid statement of receipts end expenditure of
the immlnny, from its formation to the 31st Dr., 1848, was
Oho placed is the hands of the shareholder. The substance
of this document appeared in the Express of Thursday
lest
The CHAIRMAN moved that the reports lie received,
adopted, printed, and circulated among the shareholders.
Is answer to observations and questions put by Mr.
Taylor, he stated that the Shrewsbury and Chester
'Ohsmy had seat in an account of 1.0681. due to
I tMIME arid Holyhead Company. That korat
had bra 'backed and found to be venal. Thar
sea due
in
the Londca and North Warns by
kem was in all 13,6001., of which amount 10,0001.
I had been paid since the 31st December. The omnibus ao.
was akin 1,3001.. and neither account being finally
dirk Oak paticulan had been included in the statement
put larrand that day. As to the item for general (floe
*are. R was sated in the report that the directors were
swam to MAW* its amount, and, with that view, they had
datersimai on the trader of their London offices to the
baba slatkm. (Haar.) He had only further to state that
the seas realised on preferential ,bares since the 31st Dec.
was 110001. The following amounts required for the
sampled= of the works, and the ways and means
for premiss them, from which it apred that the
works k progress required a sans of 236,0001.; Mold Rail
way, 197, .; Holykaad Harbour. 200,0001.; extension of
the line to the barber, 200,0001.; steamboats. 31.0001. ;
tarrying stock for mineral trade, 51,0001. ; dif-
ference between loans and interest and awns,
36,0001. ; end incidental expenses, 5,0001. ; making
a total of 936,901 M The ways and means ware borrowing
powers under the existing act, 93,0001.; shares created under
the existing act, goo,000l.; under the new bill, 335,0001. ;
and amount of loan under the new bill, 111,6661. ; making
a total of 939,6661.
Mr. Salient STOCK then moved an amendment to the
effect that the report he received, with the erasion of the
lunge
an relating to the Mold railway, which was seconded
d adapted.
A resolutiott was also paused for the adjournment of the
meeting to that day fortnight, to 'weir a more detailed
statement of the affairs of the company from the directors.
A dividend of 81. 3d. a share having been declared, resolu-
tions were pared authorising the director to exercise the
power of borrowing money conferred no them by former acts
and by the resent bill, and sho to issue new preference
shares fur raising the additional capital required.
The CHAIRMAN having announced an adjournment to
that day fortnight, a vote of thanks was passed to hhet tad 'to
the directors, and the mating separated.