The Express.
London, England, 1849-05-10 00:00:00

RAILWAY MEETING.

WATERFORD AND KILKENNY.
Half-yearly Hathng.-Loadee, May 9.-P. IL Bruin,
Eeq., M.P., in the chair.
The SECRETARY read the report of the directors, from
which it appeared that sines the adjourned meeting of the
proprietors held on the 10th January, the directors ha,-
been occupied in carrying out the arrangements eutigrrettrd
by the late committee of investigation, and had
their attention to a variety of subjects. Mr. Romans hr
inspeeted and reported on the works completed, as well _
the extension of the line to Knockwilliam and Waterford.
MT. Rena= cis iden the line between Thomastown and
Waterford this hest that could have bees selected, but suggests
esetsin altereineas, with a view to economy, in the -plens
of the engineer, which, if proved to be advantageous, will ly
adopted by the hoard. He states also that he " cannot
count for the large amount of capital said to have been I
sorbed by the werke generally, without supposing it to hi
been employed in departments foreign to the engineer*
With respect to the settlement et the debts and liabilities
the company, they state that matters were proceed
favourably, and that in only two instances had a disponi
been shown to bear hardly on the company. They have ,
been able to obtain the bill of costs from the solicitors
Ireland, up to this moment, but this bill will be submitt
to taxation, and every practicable reduction made from
The future law besieges of the company is to be conduct
on an entirely different system, viz., that of a fixed salary
the solicitors, to include all costs excepting those out
pocket. The engineering bills are not yet settled ; Cr
Moorman claims a balance of account up to Christmas I
which will be adjusted to the satisfaction of the board, he hal
placed his future remuneration in the hands of the direci
They also report that they have succeeded in effecting
duction of 5,0001. a year on the expenditure of the oompan),
and they express a belief that the extension to Knockwilliam
can be finished, including land and stations, for about
30,0001. They also urge on defaulting shareholders the ne
amity of paying up arrears due, in order to enable them
complete the extension during the present year. In cones-
uence of the distress in Ireland, the Irish South
Rasters CompanaL= not proceeded with t
i works between wn and Kilkenny, and
question of rent due m that company remuns tune&
but active measures were taking to bring it to übitrati
The engineer's report stated that as the available fonds
the company were small, the promos of the works had b
slow, and was confined to the neighbourhood of the •
Nora, and that the general estimates which bad been
approximately on to Waterford did not exceed those p.,
seated before Parliament, viz., 163,0001. for works,
land, and dation' for a single line from the Non
to Waterford. From the statement of the accounts
of the company appended to the directors' report, it appeared
that the expenditure for the six months was 24,2961.1%. 6d.,
which was composed of the following items :-Law charges,
4691. 6e. 4d. ; engineering, including all expense' in this
department, 789 i. Os. 7d. ; advertising, printing, stag
301. 7s. ; salaries connected with offices, 4991. 25. 6d. ;
rates, and taxes, 761. 2e. 7d. ; sundry and incidental
peaces, 571. Bs. 9d. ; travelling expenses, 351. ; purchase .
land, compensation, and valuation, 2131.75. 9d.: payments
to contractors for works executed on the Use, 8,4731. 9s. ?
permanent way, viz., timber, iron rails, chairs, k
,1821. 31. Id. ; static=. 6381. is. 7d. ; engines and tenders,
71.16 e. ; carriages and waggles, 1041. 2s. 7d. • expenses of
committee of investigation, 611. 12s. 10d. ; call of 10s. P
share on 1,250 thane in the Kilkenny and '
Southern and Western Railway. 0251. ; interest on
1,5841. 14s. 10d. ; ditto, on calls, 2,4501.2.. 3d.
The CHAIRMAN briefly recapitulated the leading t
of the report, and moved its adoption.
Mr. WALLACE proposed an amendment to the effect
a committee be appointed to examine the accounts of
company which the committee of Investigation had not
to inquki into.
Mr. BOURNE seconded the amendment, and asked
or three questions in reference to the cost of construed°
the railway, which were satisfactorily answered by
engineer (C. twin Moorsons)
MOSUL TITE and HADDO opposed the amendment,
the ground that they had every reason for placing full
limos on the good faith of the present board of directors.
Mr. CARrALHO suppertedtheamendment,which, al
a few explanatory remarks from Kr. Bates, was withdrai
sad the report was adopted.
The out-going directors, Mews. E. S. Butler and "
were To-elected.
Mr. J. E. Smith was proposed as auditor in the
of Mr. Taunton, who had aceepted a seat in the di
tion, and Mr. Carvalho was set up in opposition to him
some of the shareholders present, whose show of hands
his favour was more numerous than that for Mr. Smith.
ballot, however, having been demanded, Mr. Carvalho
withdrew, and the nosalnatka el Mr. Smith as auditor -
perfected.
oescungdve,clar:ed=ugsawskassrftiligdelete:rwasweduhiti:itnailwiladerthtedeeetom:ft;oe beenanoueutifdysitenrozashittalyelsa. t
adjourned special meeting in January last, but which
The

Ran LMICASHIIII.—The Bast Lanceebire Railway Le—
ray ham received formal notice from the Postmaster
General to oonvey the mail between Liverpool sad
over the Liverpool, Ormskirk, and Preston section
railway, on and after the 3rd of June next.

RUDDIU,xv.D Ann MANCNIIIIIL—A portion __
directors, with a few blinds, had, on Monday, a trip on this