The Express.
London, England, 1862-08-29 00:00:00

WEST HARTLEPOOL HARBOUR .AND RAILWAY.

The half-yearly meeting was held yesterday at
the London Tavern, Bishopegate-street ; Mr. H. R. B.s.ND-
BACH in the chair.

The report, which we have already published, was taken
as read.

The CHAIRMAN moved that the report and statement of
accounts be received and adopted. He did not mean to
trouble the meeting will many remarks, although he had
received a number of letters expressing the views taken by
different shareholders, and by one of which he was given to
understand that the writer differed from the report, and
intended to object to its adoption. He should only say that
the directors in drawing up the report had alluded not only
to the transactions of the past half-year, but
had also in general terms expressed their views
as to what ought to be the future course of the company,
their object being to draw forth the opinion of both share-
holders and bondholders upon that subject. (Hear.) The
directory were not wedded to any particular mode of carry-
ing out the views expressed by them in their report, but
were quite open to receive suggestions on the subject from
soy quarter ; but they had thought it desirable not to loss
thus in announging the progress made in carrying oat what
was stated in their former report, and the further views
which had occurred to then? as to the right course to be
taken in continuation of their suggestions, in order that
some conclusion might be arrived at in time to go to par-
liament next session, if it should be considered right to
do no.

Mr: Dina (deputy chairman) seconded the motion.
Mr. SALISBURY proposed the following resolution:—
" That this meeting, concurring in the general principle of
the expediency of some arrangement between all chimes
and claimants. whether under shares, stocks, securities, or
otherwise, request that the directors will, as suggested in
their report, convene meetings of each classjand invite them
to appoint delegates to promote a meeting between the dele-
gates to see whether the principles of any arrangement can
be arrived at, and that this meeting 'do adjourn till the let
of October, to report the result of such negotiation."
Mr. Dines, on the partof the board, proposed to substitute
the following :—" That the report now presented be re-
ceived and adopted, on the uoderstandia expressed by the
board that that portion which relates tote surplus revenue
and the rights of the different holders of securities is not to
be considered binding on any party."
The amendment proposed by Mr. Salisbury was negatived
by a large majority, and the resolution of the board was
agreed to. _

_n_
The CHAIRMAN then moved :—" That this meeting
approve of the trustees of the collieries disposing of the
collieries upon such terms as the directors think fit."
The motion was seconded by Mr. DIRER, and carried with
one dissentient.

A vote of thaels was then accorded to the chairman, and
the ineetiu.; separated.

BISHOP'I4 CARY= RAILWAY.—The ordinary half-
yearly meeting of this company was held yesterday, at the
offices, 9A, Bridge-street, Westminster, Mr. C. 11. Whalley,
M.P., in the chair. Mr. Roberts (the secretary), read the
report, which stated that the permanent surveys and work-
ing plans had been completed for the whole of the line.
The directors hoped in a very short time to be in possession
of sufficient land to enable the contractor to commence the
works. The district having failed in raising 0.i...el subscrip-
tion of 1,0110/. per mile, and the bill of the Oswestry and
Newtown to subscribe to the line having been !oat, would
account for the delay in the commencement of the works.
The chairman, in moving the adoption of tberreport, said
the prospects of the line depended in a great measure upon
the landowners meeting the views of the company in •
liberal spirit. Captain Johns secondod the motion for the
adoption of the report, which was agreed to. The sum of
1,000!. per annum having been voted to tho directors for
their services, a vote of thanks to the chairman closed the
proceedings.

DEMa %RA RAILWAY. —At an extraordinary gene-
ral meeting of proprietors, held yesterday at the Liverpool
offices, Mr. J. A. Two° in the chair, it was decided to
transfer the seat of the board of management to London.
It was also resolved to create 1111,000/. seven per cent. per-
petual preference stock, and to exchange or convert into such
stock the existing preference stock and bonds heretofore
created. The chairman uid that when the Liverpool
directors took the affair+ of the line in hand the company
was in debt, and in a very difficult position. They were
happy. however, now that they were handing the manage-
ment over to their successors, to know that there was now
an increasing revenue and a diminished expenditure, and
that the concern promised to be ultimately a prosperous
and remunerative one.

hall-yearly meeting
of this company was held yesterday at the Gray's lon
Codes-house, Holborn, Mr. Boyle is the chair. Mr. Shand,
the secretary, read the report, which stated that the capital
sccoant for the peat year amounted to 10,453/. 15s. 11d.
The sum of 21,864/. 18s. 11(1. bed been earned during the
half-year, being an increase of 7291. 15s. Ild. over the
amount is the corresponding period of 1861. The board
were making arrangements to construct, at an early period,
the branch line in the Beyond Valley. from which a consi-
derable coal traffic was anticipated. The rolling stock and
plant of the company was in a state of efficiency, and working
satisfactorily. The report, after a brief discusision, was
adopted.