The Express.
London, England, 1847-04-07 00:00:00

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MEETING.—OneORD, WORCESINIL AND WOLTER-
Wonrloll.--Merteso of Leeds Share holders.—Leeds, April s.—Mr.
Inhales in the chair —This meeting was held to allow parties to ex-
press their opinion upon the late lease of this line to the Groat Western,
and for other purpose*. Mr. Clarke, as secretery to • committee ap-
pointed at a rnectingof dimatisfled shareholders, heti in London an the
15th March, read the resolutions of that meeting, which declared
that the lease to the Great Western tempany (for 990 yew.)
was in tact a rale, and an evasion of the mansions of the net
of incorporation, and that o committee should be appointed
to meow the lOW, and to engage the requisits legal *mistime far
that purpose, and to receive contribution+ from the shareholders, not
exceeding ss. per share from holders of has than 100 shares, and not
exceeding 2s. 6d. per share from hokkas of 100 shame, or more.—
Mr. Clarke state) that the present meeting had been called by the
committee so appointeJ, in order to ascertain the feelings of the
shareholders In Yorkshire on the subject. Aeveral gentlemen ad-
dremed the meeting. and from their statements It appeared that
when the bill was before parliament, it was shown that a profit of
upwards of 9 per cent. would be realised, which had had theeffeet of
raising the value of the shares in the market to 251. per share
premium, but ate meeting held some time ago, it was elicited, In an.
seer to • question put by Mr. T. Beaumont, of Bradford, that the
directors had lamed the UM for 909 years to the Great Menem Com-
pany at 3j per cent This discovery bad the effect of depredating the
+ slue of tie shares in the market to 6 die , and it gave great dissadm
faction to the proprietors, who directed attempts to be made to Im-
prove the bargatn. and in consequeom of that, the Great Western
Company had aiereased the lent to 1 per cent. There
was no doubt that for the obtaining of the act the shareholders
were much indebted to the support of the Great Western Cumpany,who
had ntheeribed for 15,0000 f the 30,000 =arcs into sr hkh the eaphil
of the company was divided; but it was tor the moth= to determine
whether they would be whined with the bargain by which their pro-
perty had been so depreciated, or whether they world, by • Bill of
Discovery in Chancery, call upon the directors to *bow why they had
made =eh a leme.-31r. Lewis stated that he had recently examined
the books of the company, under the authority of the Oomputies' Clauses
Consolidation Act, by which mean he dimovered that in No-
vember and December het the directors had lent the sum of 91,0110/.
to the Great Western Company, and had also advanced on
loan, through the bankers of the company, sums =mention to
10,000 f., b=des basing a floating balance to their hands of upwards of
111,11001., end a balance in their London bankers' hands ol 45,000/. ;
end yet they were going = ranking cans. fleabane were not lone-
lier by the set, sal were an abuse of the powers mated in the
amnion. It was Momitroas that, in the exatiug measure upon the
RIM motet, this all should be ordered, not for the promo of
Me redo but to our "doom to the Great waters Oeougsy.
liessinelers were Oro pried egemerring in those of the prober
Isold in Irados, rad eatherimeng an early ass be or.
=deft lavircL,„,. The edged thanks ot the
WM reed* Dowlieg era Lewis, the Larloodsper=r
the hold utoteriesta they bed hindaa; aim to the drlneas the hie
Novices : mad the meeting broke op.