The Express.
London, England, 1849-02-20 00:00:00

rING, FEBRvaic 20,,y349.

proposals to afoot this object; a esatheist
are =re that the propristuy will oasanr. Bat so seas laths
r /satiation' are bremilit to • sosalusioes, which will puha.
bly be within the of a foetaight, they will lay Yrs no
nth before s meanies apes able convened for the parson ;
and they Mind to propose • raiolation to adjourn the pre.
slat aiseling kr • Imonth, la eater to give sleet to thew
clews.

--;lllaving thus sated the position of the away with re
more to the board's aeg ,rations with the courier directors,
they haw sew *report that the plaidary ansegentents
aim. to Mask last report have Ma serried out. They
amprembes twiddles of the engineers, for the
am 04,11391. 7a. 6d. ; and the enmities in UM have also
seeneill ea, the pardeders of which are not yet filly be-
ire MUM. The annual name of this department is
now ranged from 9,4201. to 1,1681. The @shay of Mr.
Beestga seated on the 4i of Miami math. The Wa-
wa* with Messy. Aim end Dail A male en the 7th
of March seat, end GEM. Theshald ea the 31st May next.
The salaries of than came anteenad to 3,7001. per annum.
The &sakes have prepaid to MOIL Adams and Daniel to
astiatee Meg on behalf of the sem yis India, until the
sompeayb Winn are dually nadir a temporary
was
The Way of the director, while
la was 36,000 rupees per rasehisreturn
te was reduced to 1,6001. prat sans • and the
eve, of home establishment, at the suggestion of the
Gem 1,3901. to 9701., banding rent.
"The /Maas gendease have retwed from the direction
the past year. measly, Mem. R. H. Howdy, J.
tr.l62ersee. Its. J. N. R. Campbell, Gra. Macleod, W. P.
Andrew, and T. O. Robertson ; and your direetan have to
report the lamented death of their late reamed colleague,
Mr. Carleton. The idowlag gentlemen retire In rotation,
namely Mews. J. Gnaw, R. IV. Crawford, J. Baxendale,
A. Nara. and J. De Tfrog ; and, being re-eligible, offer
themselves sesterilialb.
"Your Malmo bra appeaded to this report the
usual habitation, froplisr with a statement of assets
and Habana bola the shareholders will ob-
serve that, afar all permeate, and making allow-
am on a liberal male it all Utilities up to the
=time, the magersy have in hand a coasidnable
impettive of iamb paid up on amount of the
21. will, and is satielpatioa of mils • the Md. arising from
the lad-named IMMO are to be returned intact, in the event
of no essirest law made with the Bast India Company.
The imam woad only add, that hay's/ e tainted urge-
tivions with the Bait India Company tad the Board of Con-
trol, through dremstances of great inalty, to the verge,
as they of a satisfactory arrangement, they throw
pea the emvideration of their proprietary, for
that mama mafidenes and support which is necessary to
their game la any result, and without which they hove al.
ways stated that it is impassible to carry on the arduous
dudes istensted to Ma It is obvious that, if their limo-
daises are been& to a sumessfal issue, every shareholder,
whether Mier individually of prosecuting or of abandon-
ing the Mem, will alike have his end attained ; while di►
cueden and want of unanimity can only have the effect of
braying down diseatiMation and injury on all.
" The easels of the company on the 20th of January, 1849,
were 73,6471.60.1 d. ; the total liabilities were 33,7141 Ils 4d.;
leaving a Ivlance to meet amount of paid up capital of
39,9321. 13s. 9d. The total receipts from the 20th of Jan-
uary, 1848, tome 20th ofJanuary, 1849, were 102,0011 2s. 6d. ;
the expenditure for the same period was 28,3631 17s. 4d.;
leaving cash in had to the mond of 73,8471.6.. Id."
The Camaitex moved that the report be read and
adopted —Mr. Cewramet seconded the evolution.
Mr. HITCHIN said the report was satisfactory. It ap-
peared that there wee every prospect of ming to a satisfac-
tory arrangement with the Bast India Beard. When the
negotiations were completed they would be called together,
again, and then wee the time for determining what they
ought to do.
The CHAIRMAN pledged himself that they would net
go on with any arrangement till it had been fully coo.
adored by the shareholders. The directors would do
whatever weep abb. If they did not get all they wished,
they would g.t all they could ; and, at all events nothing
would be concluded without the full sanction of the share.
holders. Ample time would be given to them to consider
whether the terms granted were such as would induce them
to go on with the undertaking.
The report was then adopted unanimously. The directors
retiring by rotation were re-elettyi. Baron De Goldsmid
was reelected auditor; and Mr. Gee. Brey Buda was
elected as his colleague, in the place of Mr. A. L. Gower,
who disqualified. The resolution for the adjournment of the
meeting to the 19th of March was then passed, and after
s MN conversation the meeting then separated.