The Express.
London, England, 1848-05-03 00:00:00

Balance from the year ISIG

It from amount be deducted the receipts

There would remain a balance of 10,224,923 53
U again from that sum wire deducted the interest la Mantich
for the voor 1817, 11111,minfing to 2,514,499 fr. Ole.. the interact on the
futile due to the Ante acing 1,7 i latitfr. 50e., and thesum net aside toe
the restine 2,000,ie age., there would be left a el ar balance of 3,9ti0,u0ut.,
which would allow a dividend to be declared of mfr. ale. pee Mare.
The report was mot favourably roceind, the tiptent.e continuing foe
some time. A conversation of some length then took plaite on the I
exceptional pceitiun in which part of the shareholders are placed
from having paid by anticipanon the 15f. dethanded for the fourth
nall. The revolution of February had compleUly changed the posi-
tion of a vast number of the shareholders, and it was now almost
' itopecible for the greet ma °city to pay up the call in question.
About 9it,U foot of 400,000 had been paid on, leaving the groat
majority still liable for the eta At the Bourse, the persona hold-
ing the shame that had been paid on found groat dittleulty in
diem- Mg of them, and several shareholders propond to the meeting
various plans to remedy the gravity of this situation. Some propowd
that a call of llfr. (out of the i gr.', should at once be demanded, as
that would produce a sum of 7,150,00tdr.; mbars said that, if that
was done, 50fr. of the 75fr. already paid should be teturned ; others
uggested that the board should apply to the syndicate of the Agents
de Change to have two quotatio a made at the Bourse, one for the
chard on which the 75tr. toad been paid, and another for there not
pad on.—M. E. I'erxlre gave explanations with great patience and
ability on all the points rallied, and in the course of his remarks ob-
served that the twenty millions due to the state had not been
called for, the late events constituting an evideut case of
farce w,:aertre.—Eventu,lly it was decided that the sum of
thfr. . up could not be returned; that the dividend of 9fr. 95e.
Moldl be paid only on the shares that had paid the last
call; that the shareholders should be recommended by the board to
pay 25fr. 5 was ere mesible, en as to enable the hoe to be worked as
usual • but, as Mere woo a turn of Oft. 9'.e. coming to all the shares,
the real sum to be thus paid would redly only amount to 15fr. sc. ;
and, nosily, that all ulterior proceeding. Mould he left to the prud-
ence and good feeling of the board. A committee of the members
woo eh ion from amongst the shareholders to examine the accounts,
Si. tie Rothschild declaring that every Mareholder might, at all times,
examine the books, aia the board alines so acted as to be Annoue to
court the fullest inquiry. The accounts wets then adopted; a sou of
thanks was pant dto the board fur their attention to the interests of
the company, and the meeting reparated.—it may be as well to state
that, on the question of the re-purchase (rachert) by the state being
alluded to, the whole meeting exclaimed against it in the strongest
poolathle manner, declaring that such a course would be the ruin of
their interests.
KotleN Ave li Venn. fraffyearly Meeting.— Paris,
April 31.-31. C. Lafhtte in the chair. The report, after giving a full
statement of the working of the line, the damage sustained in the re-
volution, and all other particulars, ear% that in spite of the dimwit:oils
state of commerce and industry during the first year of the undertak-
ing, a revenue of about S per cent. has been realised over and abuts
the intercut of loans, and that there is remain to hope for an bnprove-
ment in the next year. The report concludes us follows :—.' The
alinement which we have just laid before you does not per nit us to
tlistritiate am,nget you in money the amount of the Last half-year's
disliked, but we propore to settle it by bons, without date, bearing
&Menlo, which ie the same plan as has been adopted by the et. Ger--
nide% Minn% and Northern Railway Companies. These bona will
he delve rod to you in exchange fur vie COUIIOII4 of the rimed din-
demi from the 10th of May, at the office of the company. The coupons
of the first dividend which have not been pid will be settled in the
same Manner."—On delivery of the receipts for the dividend the ac-
counts were approved of, and the meeting separated.
1.401:1EN TO DIEPPE.—Annual Meetnig. —Paris Apri. 29.
—A coalmine° of five shareholders was appointed to proceed the fol-
lowing day to examine the line, and alientam what sum will be re-
quired to tinish the whole.
CENTRAL OV FRANCE.—Speeid/ Ilfeefing.—Paris, April
27.-51 Barthelmv in the chair. The vigorous protest of M. Guilin
aguinst the pniponit appropriation of the railway by the Provisional
I Government was unanimoody adopted.
—.

MISCELLANEOUS NEWS -Soria DETON.—The
new portion of the line just completed between Totnewi and Lairs was
inspected on Saturday, the 29th ult., by the government engineer,
Captain Symons The tunnels and viaduct, were passed and re-
pasr,,l, and the latter were essmint,l moat carefully. The Ivy-bridge,
and other viailuns, proved on trial to be pertectly sale, and were
pissed: err without the letot vibration. Contingent on the approval
a Captain Symons the South Devon Railway wail probably be open
(remit seter to laira on Friday, the sth inst., when nix trains up and
Its dowrori 11 he put on.
ABEHDLEN.—Mr. Locks inspected this line on Wednesday
and Mural., hot with a committee ot the directors, and have in, after-
ward., a vt.rflal report, in which he espretocil himself highly satisfied
not only with the works, so far a, they have gone, hut with their
state of forwardness. lie recommends that they should be completed
on the prevent plan, and states confidently that there is nothing to
prevent that being accompliahed in a very few months.
WATEKFOKO AND LINIERICK.—The goods traffic of this
line to and from Limerick and Tipper►ry filready exceeds. the moat
aanguine calculation of the company. Although the line has been but
one week oyes it averages 70 tame per day.

COMMERCIAL AND MARKET'S.
PROD tiCE.—M INCING.LANZ MAY 2.—The public
2.
15 sugars have been large to-el'ay, sa 130 Mids. Barbados%
3..551 hags Nlattritlu% 4,500 bags Bengal, and 1,300 bags of Penang, all
of which sold briskly, at od. advance upon the closing prices of lAA
week. 690 Mids. of West India sold :n the private contract market.
Wined bus also been active, and a slight advance has been paid ; stan-
dard quality, 345. fsl.--Cotfee: The public sale went off without show-
ing any alteration in prices.—daltpetre: This article has become very
dull, and lower prices must be submitted to to effect sales; 2,300 bags
were offered in public auction, and withdrawn by the importers.
Rice: 2,000 bags of good middling white Bengal told in bond (duty
W.) at 10s., 10s. 6d., which was a abode lower.—Pimento and pepper
sold at last week's currency.—Cotton wears a more steady appearance
than for some time past.—ltum continues very dull, and prices must
becensklered partly nominaL—Cochineal sold freely in public sale,
middling and good qualities at Id. to 2d. advance.—lcionduras silver :
fa., Cs. 6d.—Piet India Jute sold 14/. to 161. 10s.—In other articles no
alteration; but there is evidently a general improvement ion.the tone
of markets, particularly for the large articles of consumpti

COTTON.—LivEarooL, MAY 2.—The market WAS
again firm tos.day, and the sales were 6,000 bales, at an advance of
to lon Fridays prices. The quotations to-day are—New Orleans 31
to 5. Bowed Georgia 4 to 4/, darats 3 to 34.
MANCHESTER, MAY 2.—Our market to-day has been
characterised by more cheerfulness than we have remarked for many
weeks peat. There has been decidedly more inquiry both for goods
and yurne, and although no change for the better can be reported as
to prices, buyers evidently manifest a readier disposition to give
out orders. More cloth has been moving during the last day or
two, particularly low skirtings, madapellame, and printers.
Yarns and shirting% for the India and China markets,
are in rather better demand than they have been at any
time during the last fortnight. Although the Greeks are not
giving out orders at all freely, they speak more hopefully as
to the future, and are making a good many inquiries. It is under-
stood that a considerable amount of specie is at present on its way
tram the Levant, which may be expected to arrive within a few days.
The continental trade exhibits no signs of improvement, orders for
northern and central Germany and Italy being at present quite in
abeyance. During the last few days some orders have been exe-
cuted for RUNia, but not to any large amount. With the exception
of some count' of yarns suitable for the east, which have been I
rather nearer, and consequently worse to buy, no change for
the better in prime, either as regards goods or yarn, has as yet
resulted (rota the improved toot of feeling alluded to. lea, however,
cheering to be able to report say favourable featursi he market,
after the almost uniform stagnation and gloom whieht Ave so long
hung over this distriot. In our sixth page will be townti nUsty