The Express.
London, England, 1849-04-11 00:00:00

THE FXPRESS, 'WEDFESDAY EVENING, APRIL 11, 1849.

Dr. WATERFIELD lager e.ted the propriety of _having
the masa stewed, so as merely to_ appoint a committee its
the ant lestarde, wi.hoot =mug the members el which it
was to be ccoopeed.
Mr. HENDERSON adopted the suggestion ; and the
motion is Its amended form was agreed to.
Dr. WATERFIELD said he knew not =idly whet ob-
jest Mr. Henderson had in view by appointing the commit-
tee. but It was exceedingly desirable that a few observatiens
ahead be addressed to the meeting relative to the position
le wMih the Nat'l Wales railway was placed by the report
Passeted by the committee of the House of Lords. The
sheembeilers had all reed that report ; sad as it *retained
some =rhos matter, which he was very sem to parese, be
old sizenglyresseemeall the senspeay to take awe haw they
heath= in any SWINK epos the privateer) of the upper hew.
It wield be a most ladder.= proceeding if they did any-
thing whatever swish& would have the slightest teedimery se
gin ahem to the amenittee of the lads. la fact they
weeld leader themeless liable to be brought before the bar
dale Wiese it they did W. Whatever, therefore, was dose,
mast be done with the utmost courtesy towards their lord-
ship. Meer.) Before he concluded, he would take the
minty of putting a few questloas to the chairman ; but, in
the meantime, it must be satidactory to know that the pro-
viders were Murat one and all in favour of the dimpled=
el yes ramgaisy, if that object meld be attained. Whoa it
we bead ties they net dissolve it by an eat of per-
they had pawed= under the Wiading-wp
; bet It was found that that act did sat
loimealse like the present, who had al.
a lighlative enactment of their own.
The peeped maim he Neology" rota as much as the dire*
ten iould (Ibises If =deg tie proprietors had been carried
and their ehalrmaa had been obliged to eon m to Lard
Itestessle that tlrseee:Elig eat of that proposal had bo.
tome ma illegal p . He (Dr. Watertleld) wee glad
that their atairmaa Wight= that, and many ether
things ; and that, so far frees Ladling from any exposers,
Mr. Chadwisk had =premed his willingness to lay the books
piths company beim= the abarsheldoes to the fita =Met.
(Ht at.) The errearmittee mar aygehreed might investigate
the mounts in ems% so ae net to glee even the
of an oppomition to the inquiry ea la r=
of Lords. It was the = funetime
of their lordship to the veld alast
dolinqueneks ; and, if the directors of Bee Meth
Wales Railway had been guilty of any, they bomme me*
able to the law. However this Weld be, the emmgmay were
in trouble, and they meet get out of it as soon as eimg meekly
sad, is extricating themselves from their dithmellime. Y thq
could render any widow to the lords themeelees psi
sodas their seteme, it would be vies on their pits to
tender en offer of such aseiseaner. He woult eves Mse
far u to invite the company to plead a paid= M the
Hones of Lords, to encourage their lordship pie le =am
their efforts to depute a =bib, auditor foe all relisegys la the
United Kingdom. Lad Monteagle's bill had hula Welly
opposed by the railway members of parliament; ad he
thought that, if the course he now =cl
were adopted, the lords would be e
and an cause would be given them to mealiest their distaste
et an of the t prompediage of this Company. But be.
fore dwir amembled again after Easter, and before
the arias., steady taken was printed and laid epee the
table of the horse, he thought it desirable to put a few gees-
lions to the Chairman with reference to the present state ef
the funds of the company. First of all, he wished to know
whether there wens any outstanding debts ? Did they owe
anything to their solicitor ?
The CHAIRMAN.—No ; we owe nothing to the soli
eitar.
Dr. WATERFIELD.—Is anything owing to psalm:ten-

tau agents ?
The CHAIRMAN.—No ; they have bean settled with.
Dr. WATHRFIELD.—Han any largodebt bees in-
curred kg s•atimeery ?
The CHAIRMAN.—No. I should think only about 21.
or It. are owing for stationery.
Dr. WATERFIRLD—Ie that, anything owing for rent?
The CHAIRMAN—OnIy the quarter upon which we

haw raised.
Dr. WATERFIELD--For the office ?
The CHAIRMAN—Yee.
Dr. WATERFIRLD—Are we indebted to sr late Secre-
tary Mr. Mariner?
The CHAIRMAN—I think we are legally and morally
indebted to him, for he has been kept in town purposely to
attend their lordships.
Dr. WATERFIELD—Are there any other debts, besides
thep few you have :satiated, that you will be called upon
to
?
Thaye CHAIRMAN—No.
Dr. WATERFIBLD—Then the sum of money you have
in hand, and which you We to MO, is clear money
The CHAIRMAN—Yes ,• I should say that some of the
charges have been paid Sas the report was presented ;
but it will not take from the amount more than Mi. or 6001.
Dr. WATERFIBLD.—To clear the whole sponges ?
The CHAIRMAN.—Yes.
Dr. WATBRFIBLD.—And that would show the result
of all the transactions?
The CHAIRMAN.—It would.
Dr.WATERFIELD.—There are 11,000 shares—are there
not?
The CHAIRMAN.—NearIy 12,000.
Mr. BUTTB.—Are we to undennusd that the two Chan-
cep suits have been terminated?
The CHAIRMAN.—Yes. One Chaneery suit has ter-
minated ; and, so far as Mr. Jackson is concerned, we are
informed that they have not prosecuted the suit further' and
that they have no chase et ever sueoseding with it after
the strong observations made by the Chamomiler upon the
appeal. They threatened to appear before the House of
Lords U they were not compensated ; but they have no legal
remedy.
Mr. BUTTS.—Then it has not terminated wholly ?
The CHAIRMAN.—Our solicitor thinks it has.
Mr. BUTTS.—WiII yes offer any compensation in sem
that you think due to the parties ?
The CHAIRMAN.—We are strongly advised that they
have no ease whatever.
Dr. WATERFIELD.—The fact is, they were oat ed
court in a very few minutes. Knight Brace observed that
their case bore the most infinitesimal quantity of equity is
it, and therefore I do not suppose they will she say further
steps. (Hear.) I am ezesidiegly glad to learn from the
answers of the chairman that we as straight, :se far as our
finances ere concerned. (Hear, hear.)
Mr. HENDBRBON said the gist object to be attained
by the present meeting was unanimity, seeing that all the
shareholders were in the same boat, and that in proposing
the formation of the committee, he had not the slightest in-
tention or desire to run counter to anything done or doing by
the House of Lords. His simple object was to satisfy the
shareholders. He now moved that Mr. Joseph Bailey, M.P.,
one of the largest shareholders is the company, be one of the
committee of Inquiry.
Dr. WATIIIVIILLD and Mr. Burn both expressed their
belief that Mr. bailey would not set.
The boa. gentleman was however appointed.
Dr. WATIMPIILD having objected to serve, the name of
Mr. Henderson was slants .
The other members of the committee appointed were : Mr.
O. J. Shore, Mr. Norris, Mr. J. Crawford, and /Ir. Cohen.
At the suggestion of Dr. WASSILPIILD, the powers
granted to the committee were similar to those entrusted to
the committee of the Bastes Counties—atetely, to investi-
gate all claims made sad Likely to be made upon the com-
pany, with a view to the immediate settlement of the same
—to call for books and documents, and to sundae the dies-
tors, solicitor, and oaken, if necessary.
In reply to Dr. WATILVIILD, the meeting expressed them-
selves as favourable now as they had formerly been to the
&relation of the esespeay. The Doctor stated that when
the company had limetheltme petitioned the Hones of Lards in
favour of the disehmien, there were only di dimentient
shareholder., asseg_tirma.
Mr. SPIIKEMAN thinaght the committee jai* appointed
would exceed their duty if they wont sae step beyond that
dithering the character of the directors from every imputa-
tion cost upon them. (Hear.) It appeared to him from the
Lords' report that it was doubtful What none their lordships
might take. It was possible they might Seim upon the
money being reinstated, or that they might direct the
Attorney-General to prosecute parties, if any there were,
who kid been engaged la an unlawful Visigoths ; and
therefore, as the company were now treading upon exceed-
ingly tender ground, they ought to limit the inquire to such
matters as would clearly exculpate the directors, with whose
sadist the shanks/dere were satisfied. (Hear.)
Mr. BUTTS asked whether the company was now ap-
proaching its dissolution, because that, after all, was the
grand &detests= to be obtained?
The CHAIRMAN, in reply, observed that the carrying
nut of the line was haposible, and that he apprehended
there was no power to compel them to carry it out. The
directors had acted is strict accordance with the wishes of
the proprietors in dividing per share. Mr. Rote, the bar-
rister, had advised the manner in which the deed should be
drawn • and therein the proprietors mast not thick that
the division had takes anything upon themselves without
having first obtained legal advise. The difficulty about the
matter was this—that, In dividing money by deed, It
was required ell parties should be cossenting
parties ; but In thedivides in the present ces,
there had bees two diassatlents—Mr. Hughes, M.P. for Care
eases, sad Mr. Herapath. He was happy to say that the
company were under no contract for land, and that they
were under Reliability whatever to any letdowns on the
line. (Hoar, leer.)
After • brief desultory esassatien a vote of thanks was
pared to the dislismn—
theft separated a meek ef eenfidence which he ao-
kaewledged, and ehe .
EAST INDIAN.

Special General ifeeensp.—London, April 10.— Mr.
AGLIONDY, M.P., in the dim.
This sourting nu wraveaed for the purpose of onsideriog
and dimming the terms and conditions proposed by the
Court of Direction of the East India Company, and of con.
aidering and deciding on the proceedinp to be adopted in
reference thereto.
The CHAIRMAN briefly opened the InnVill by re-
wading the shareholders that at their last meeting
they determined upon adjourning until the feet., with
the undemanding that ghoul& the Want he in a made' is
the meantime to lay any lateurills• hem the iimrsheiders
they would convene a meetlng at ea elan period than that
date. The directors boa that they were mow Is a poadoe
to Word certain inured", inderniden, aril the
provost inordag had beta .EL. mar.) •
Mr. D. I. NOAD, the assselevy, thin reel the terns end
immodest ups. which amdeboso womid be elided by the
Let India Ompfty for the einstrestiew sit the railway; bat
es they hue sheedy been getribheil Ode jeered it is un.
a"a to peat then hum
Tirg repeat
sold dist the terms sad condition bar-
ite now been reed, he 161111100 i to Ilk whether may retie-
man bed say ebtervaltene to mike with ram' to then he-
lm be skied what his owe individual widens were. At
truest he would emir ash* this Nagle remark that lerisli•
shies them imams bad boa periled, been is petty osesteat