The Express.
London, England, 1849-03-01 00:00:00

traders. Asneran=vaskiha the 17tk Prix, 47,
the compeer, hale paid illeemene Ma hoiden oftko
No. 2 quartos;
_but the diessesse advise that that resolution
be now reednadomilhot the Na 9 quarters be laced on
the same footing es the WA shares.
The report of cis sigliam states :—Of the entire line,
exteadieg from Kartakeeroa to Grimsby and Hull, the length
of about 40 mike letweso the Midland Railway, sear
Ham-
ton, sad Brim new remelas unfinished. This pasties tM
directors hap to emmiste sad °pea to the puha (hen
the swath of Jane. The dirosten have dared the
impure caw at sod eresolidairel the
aftWirlanseat Maaskinke,
teens
they hove
they
the epee= if asseeesesent es &ley:gime/hid' they
tr▪
ot will seismical and elmetive. perms that
the of Dinettes should sew be mimed 111, as at
theseeektuted, to 12, with a eirmipenNeg teriwAirm in
the elloweese. The linden TIOSMOSai Ilia the
of the newer thesegheuta kom Memeheater to G=lbilly,
shall be regorded ass sabstaatial asmploies of the °Display's
naderkldsgos tar se te asailsilate ih all dietleatime
in sham Net gnareeteed ; esemptiag sepkai bin tanbaa
liability to pay bitterest as dividend to shareholders; eel eon-
define revenue, as it legitimately ought to be, the seas fund
for thit purpose. To accomplish such arreogement.
the directors have cowed a bill to be prepared and presented
to parliament, whisk they sow submit for the maiden of
the shareholders. Another bill will also be subedited to
ratify the sale made of the Sheffield Cowl to the River Dan
Company. Both bills have passed their earlier stages it'
parliament. The raw assessed upon the railway for the
relief of the poor, '
and other load purposes, have been
found extremely burdensome notwithetandiag the pains
taken to reduce them within moderate bounds. This sub-
ject is now engsgurg the attention of the proprietors of
railways, with- the hope to obtain from parliament some
reasonable modification of the law in the present session,
and the directors reesuend a 00-operation with them on
the part of this company.
The CHAIRMAN, la moving the adoption of the report
alluded to the Grimsby Docks, whicheould not be proceeded
was without more mousey. The proposal that the number
of direst= he reload to twelve, would save 6,0001. a year.
The *akar& sonabadod by stating these arrears were on
the mem seeks of the line ; the arrears on the western
amottated Ho MIMI that the eorporste meal of
the cumplay be abashed W the register of amouate.—The
media wen
lir. Irbillrit, of Lancaster, wished to ask several
wizieritLir whisk was whether the directors, taking
the immure seeridee the shareholdete
mud base made te most their cells, were disposed to grant
ray exlsedee of Wm Is the payment of-the last all ? He
able wished to know if the available mete of the company
would be medlsknt M liquidise the outstanding liabilities
when the whole is enophind lad opined ? (Cries of " Ay,
that's the quele"_aael " Kew, hear.")
The CHAIN said the directors were snakes to re-
lieve toe shareholders as muck as possible With respect to
the next question he would remarkthat the liabilities and
expeases,luluding the Grimsby docks, would be 1,146,386 i.,
and their assets were 662,0001. ia ealk, with power to bor-
row 876,0001. ; making 1,437.0001. te sass as expenditure
of 1,146,0001. (" Hear, hear," end whom)
Kr. SIMPSON said : It currently slated that our
l3bill-
tirexoeedl,ooo,oool.lreg ettous7 tied Midis say hand an
amsedassat toyear lordship's smodee, hot I &sold wish not
to drew*, aggie of Komi roam yea Wit am be avoided,
sea I bft to segret Wyss whether the bs will not be
ebb to Weesit to fedi a namable request as that which
is rested is the miming without rug to a divi-
sion ? - Ibe to moos, as emommellessat, that
" A smacks be appshated Wumeniee into the accounts
and position of the compeay."
The CHAIRMAN, after sonseremadtokun diversproprie.
ton said. if it should appear la the andhodien of this amend-
ment, that it was the opisits elthe milks the& there should
be an inquiry, Ise had se ameba *Ohmage would see
seat to its adoptioa. (Lead miss ef " Hear.")
Mr. R. MAXWELL seaseded the amendment.
The CHAIRMAN said the directors were swims to meet
the wishes's/1 the shareholdms la appointing asemmiteee of fa-
cially, sad he soggssled as the aamee,a=adallimpeon, Mr.
J telt, Mr. Heeler; Ifir. Gesig, red. Mr.
There wore bend mime ei diesposeheksa at he hued
suggesting the name, bat after a keg dissmeise, in whisk
some statements were made spirt fear of the directors
(Mr. Coates, Mr. Randall. Mr. Geuldaberregh, sad Mr. ,
Wooclardt) of acting unharemenionsly with the rest of the
board, the formation of the eimmittee was adopted with
the substitution only of the name at Mr. Healy ion that of
Mr. ?desk*
The CHAILluit this withdrew the original Raba, mad
the anseadmeat was adopted as a estimative maim
anknosely. It was mimeos& however that the sapid,
should be moved at a ealmegesat pert of the mossiloge.
The CzoliutLir next moved the div Mend of 71. 101.
per ananen epos the No. 1 quarter shares, and the motion
was cerried.—The motion suggested in the report, rescind-
ing the resolution of 1947 in refereed* to the 6 per a-nt.
Ry= on the No. 2 quarks", was also passed without
The Commie" next moved in invattaiitta resolutions

T.;;c67ZigTirautlTtors,sii 11176itlii
bar of shares, and them woe also agreed to without
dismueice.
The list of bye-laws was then meeded, as was also the pro.
positlea that the lumber of &sib= be reduced to 12, aad
that thermansesadia be /AM, lambed of 2,3001, as at pre-
sent. The report was ant pat sad carried, the assemusto
being witledeava till after met_essed iaaairy.—Knacition
arse else pepomil to thelima pa mine shield be
peddlasil ihr a mere ignitable ainamment of sraihrays to the
poor mass.
This osselutled the Noumea of the sooting, a few minutes
I before lye Vele*, sad as our reporter was leering the
special melba la amelpmate the Tarim acts of the com-
pany was taking plass.

BAST ANGLIAN.
Ordinary Mesting.—Leadee, Feb. 28.—H swim EXIICI
, in the chair.
r. WHEELER (the deputy chairman) road the report,
which stated:

pass— trsaw for the last year was 18,3300.12 e. 3d.
It is • mum of regret to the board the sane
has not of the payment of interest
aeon the 6L per mat dorm. Your &rotten wen
Wm* urged to pay that interest, and were told by
nosy lden that, nadir the circumstances, and Is a
imam donaterag the sompany's eredit and the value of
the Mask. the payment ought to be made oat of
bat the dieesteue maid net neogniee the force of the asp"
soft aideemell to *sea, IT admit that any motives of sup-
mead mpedimey as bad& a board in "Olivia( bsyoud the
Use al deg pmedbei by the law or reeorting- to fictitious
meats to meek the 's credit in the mast. It is
dear that them b may me eat of which dividend can
be kaaily pla& samely, peak ; tad as the working of
the limes to Oldelms did me leave ea mailable sant at the
dispeselg of the em
payment pty, time were no Imptimate of
meetin the questioa.
" It will be is the hi
111101111161111 et the propietors that, at
their Rodin in Fa. of the last pet the directors sub-
shied a rape of liebilidee mad
per reavermsapie, and that it was
this imehei meat dof 161 by
the Mae of Mena, Modes loftieaddiliesel st at 7 mat.,6001.,
Of thh
milli tile sum of 70,1/31. lb. has bees takes, leaving m-
iaowed 80,7261.10 e. To the Eat Dee. Let, the data to which
the asemate saa brewed dim& the commay had received
in respect of the shams Weed, the SIM of 67,7900. 10e. Yd.. TM fteter eta while they expect will be paid (sad soar
parties ef which hes leen neeived) le Moat 12,0001. There
will pebably be an mem got moveable of 1,0801. It is
meted in the ilmikee report above referred to that than
was this Me mil beemftg duo kg warhe et iessmdisie
exigency, le provide fey Mary Weis. • eta et 181,262 L,
lash exessied the ways and aeons thus ei the y's
disposed by 63,3111. It is also slated Mai as addlKaaal
67,3001. would be wired to give Musk& sasamosissisa
to trent by meats of slims, amble Meek, elied,, and
cattle per. The diseases did asst Mgt bat that de maid
be famished by mum of Me saw Mans and they pe•
ended to pm tha haws Isle pod wades eteditics, sad Se
pay aff. so is, as they had the near, the esapany's mere
premiss stgagemeate. Aim applyiag Mite ptrposis tff the
expeaditare thus [sensed. al the massys mowed, and to
arise tom the mew lase ties, lbws will be required, Is
ago Is pay WWI debts and It Ms** the marks 8=
is pogrom, the mad !Wald the prospective
the tithe empty may, will act mooed, the sou
et SAW nisei= el SW be treated, at staled
perish, betweesibie mime this *gut I'M: sea the
talker piths. live *ova mega, naay be pest-
pes4 mow ~say be Mgemei MM.
" The direeisen me as present begs dishing the share-
bodies to take em the »mbar of the It_ pay at sham,
sad Mass..
iar tie ampray diimMitta must be
allowed to inemsse, and the satorsOs whey, sad indeed,
pemoties of the lime isiganilesd by a mita of law suits,
width ass only have • aims malt ; or sew stock, taking
preasiesio of misting Man asp set, nut be cleated, and so
thecaash* al every elms et ebereholdus be enured, and the
rem& in the oxispany's owa hands. In hot, the effect
of the MEM proposed by your mss, will be merely to do
hates the seespen_y's owa eat. shish may, and no doubt
• athiewies be Wooled by opeolles of law—namely, to
make the gamete% efishas puesmeast. ley providing a land
to meet them.
" Those are the patois upon whisk yews directors ask
the peepristore to eaaMion the erotism or now stook; and
gnash they &spy al Wee/min INA pelmemiel
Am& they bops obi ore, Mei men the tomes ef Mat
Mask will me VW the promatease justifies task imisehosse
and that in no Sim wig will a pumas& value bees,
to their property.dit=y. ma, ia fook mimeos' k sty
abet So above eseditem,mr pagan**
myosatd= M the tof divides& *ad
dilates mast yre=sese.they law
ae
rrieforetime, that Meg me not dm ihe able
or Debilities iseenad 7.4.. v. 'sterol The et-
tent of their regoadblig is haying, ohm sub-
mitting to yea a repel leithittlly Mated par Man-
cal whim, sod the mike ogoiroay af whisk farther
itmelfpiss Ms maimed. ailed ages the seeolutioas to
wig& ym gess mew AM it Mellow to yom authority,
aid is-WiessetsT available out of .the
arsa
MOM poseeded to your linos into week-
end me*" sai plant.
bike sempay's bead debt next requires year stands&
A. ilZits to shersheidem in railways, all sompatisa
as mitt their eats, to raise • further aim to
• seallikeilig their sham esaisel ; mid Ills *Ma
Imo is fa abed the nib rif IL is 81. GI sash lays.
:VWs ageing scietpiol sitar
ibe meitisa deaf * Waif M
the (Matti= of the ropegroys ser: isle-
restos useverted into Mei& elm& the mist.
istossi is at diesserbilmi beable toms
theiWzmy me M. Who am firamn, di*
alas Th. sbms elffltallst sathedeti isle raised
elrMasi is
ass
of this
isms filalWais.sr Meals& hr BOM ; they