The Express.
London, England, 1849-03-29 00:00:00

RAILWAY MEETING.

EDINBURGH AND NORTHERN.
Half-yearly General Meeting.-Edinburgh, March 27.-
J. Biteoua, Bag , in the chair.
The CHAIRMAN said the directors recommended that a
dividend should be paid for nine months at the rate of five
per out. on the late Grant= Company's preference capital,
and a dividend for eight months at the rate of two per cent.
on the other stocks of the company. By some people the
had been told that they ought not to pay any dividend at al.
It certainly would have been a relief to the directors had the
dividend been postponed, but they held, considering the
position of many of the shareholders, that they were
strictly and honestly entitled to it, and, however
much the directors regretted that they could not
pay a larger dividend, they felt that they were doing an
act of justice in making this payment as early as pos-
sible. The revenue of the company as compared with
the expenditure he was sorry to say, did not present
a satisfactory result. It was unnecessary for him to say that
the working expenses were lute in comparison with the
revenue, and larger, he hoped, than would ever occur again.
But the shareholders would bear in mind that the line
could not be considered as completed in any respect. There
were many charges which inevitably pressed en the expen-
diture just now, but which the directors hoped to be able to
diminish. With regard to the share capital of 1847, and
Gunton shares of 1846, it was recommended that no further
calls be made on the thane referred to. The shares would
thee be restricted to the following amounts, viz.:-The 261.
shares (1847) to 131. 15s. ; the 151. shares (1847) to
81. 6s. ; the 201. shares (Granton, No. 1), to 121. ; the 201.
shares (Gunton, No. 2), to 81. In the second place, it
was reoommended that the class of holders, whose payments
on these shares exceed 61.,31, 2s. 6d., 41. 12a., and 31. Is. 6d.
respectively, should have it in their option either to
pay up the whole of their sneers on or before the 31st
March, with interest, when their liabilities for farther
calls shall cease-or, that they shall consent to be re-
lieved of all further responsibility, by the immediate forfei
tors oldish. Dares. And it was farther recommended that
the class of holders whose payments do not amount to 61.,
31 2a. 6d., 41. 125., and 31. Is. 6d. respectively, should have
it in their option either to pay up the whole of their arrears
on or before the 31st Mani, with interest, when their liabi-
lity for farther galls shall oseas, or that they shell inereue
their Magus Is the extent of these sums respectively on
the eugelesseudlng that they shall be relieved by the forfei-
ture olthelit cares hem all farther responsibility. The
cludensen sendadedi by pragssing a swiss of resolutions, to
the elan that the report should be approved of That nine
suallig' dividend, at the rate of 6 par cent. per annum be
paid IS the late Chan Com's pr cartel, Pay-
able eel the 20th of tal
April ; panandy that •eference dividend for eight
weft be &dared, at the rats of 2 per cent. per annum,
payable aa the 30th Jane next, la the following proportions,
via.:-On 241. of the 261. shares (1M), Bs. 41d. per shore ;
on 111. of the 161. shares (1848), 2e, 11d. per sham ; on U. of
the 261. shares (1847), Is. 44. per share; on W. of
the 161. duns (1847), 94d. per stare ,• on full amount
of the 201. (original Granton), bs. 4el. per share ; on
71. of the 201. (Grantees share", No. 1), Is. Wid. per share ;1
an 31. of the 201. (Do. No. 2), 91d. per share. That thi,2sl.
stuns (1847), the 161. shares (1847), the 201. shares
itraitz
ten, 1848), and the 201. shares (Warns, 1847), be
Is the following amounts respectively snugly, 13/. lbs.,
81.6 e., 124 and 81., with power to the director, to adopt the
requisite measures for carrying sash resseamendatits into
effect.
Sir W. DUNBAR seconded these resolutions, which,
sitar some discussion, were agreed to.
The meeting wise afterwards made spend, when the fol-
lowing bills were appuved of : 1. A bOl to enable the Min-
burgh end Northern Railway Company to raise a hither
sang of mosey. 2. A bill to enable the Edinp=mait2
Northern RoilEaCompany to vary their "
branch, in the of Dmfermline, so as topes. mar the
Towahill and berth tramways, sad to emu& the same
Unwrap thenwith,and for other peeping in Maks=
3. A ME to enable the Edinburgh end Noniron
Company to summon a low water pier and Ober works at
Chanson, and to provide for the beau regulating, manage-
ment, and elated of the general „seaway statics at Perth,
end kr other purposes.
The CHAIRMAN intimated in regard to the lest bill,
that eke direeton had abandoned the clauses in it whke.re-
ferred to the general railway station at Perth. (MMus*
three bills note of them were expected to be opplud eteept
the second.

The dews were then read sad awned to which it wilt
lewd to' Wert in owe of these Wile, to order that the
rime of the swallow shottd be haes.d from " The Ma-
harsh eld Northam" to "The b, Perth, (sad
-Dwedea Itedway Compewy."

MISCILLANEMITS NEWS.—Orzurno or run
row., 0111111111, AND PRZOTON.—The governmentLlTlC:
=tc'rhaving gone om the winks of this Use se for • ilond
it will !» opened for public traffic on Monday.