The Express.
London, England, 1848-08-31 00:00:00

improvement of the tunnel nod strain at Gliagow were granted, ea
was abr. an extension of capitaL The recent coo petition attempt"'
by the Caledonian Company fully junifkod then new recommended by
the board, sad adopted at fait meeting. !lad th.e company not wen
so well prepared to maintain such a metes.; the onmorpitaaca might
have been very dientrows; but it rented in each pony moving that
it pommel d the MOM* of injuring the other with ,0t any ben& ace.
nub* to Itself. Such a mate of thing. could not Le of lose ea,
tinnance; and the director are happy tee mate that the hoods of en
arranfiement between the two companies. have here arced at.; by
which it is hoped that ill such contests will be avoided in
future. The reluction of lane mann need by the(;a olefin C0rOlUrl)
genera'. nlvengeme rat., by whisk
other, will commence on the let September. The rates
eachashalcompany nissWPreftliedendfrocumceebooking In competitionwiththe
by
ef'writtill'aci-cigk'hbouP"rute'enhgene,'.antl‘ll.ol4Dgcato thebla
the Caledonian Company between Edinburg, and Chogoweb:2l.lben
activity in trade, the dine-ors have much
be raised and regulat. d by the !allele of that mammy; end at the
proepeclo of the company. The engineer re.
same date the board penman to raise the tat s charged by the
eaf
partedc7 mi:PPnmdrinti:e towi nfu returningoht eetlo f furorelmo6
thead .worke on the man line to be 01 t x,elent
ataKii,;;;li. On the fitirlingnore Midland JUlle: ion branch the works
ionumed durive the last nix moth, c:
revenue account to 31st July List showed re,enots at BS, 12M. 19, ILL; •
expenditure, 41,97 N. ss. tel.; balance, 43,1511. In. SI., to nil. h was
to be added the balance in hand in Jan. last, 13.3,7221. 14,. fd.;
w'haidngb a;.:ocutm.l Ina cubstantiat manor. Ev. ry part of the
plantere t
een
letveng a diapoeable balance of 106,8171.1 n. Pd.
Tit-Chairman, in Inn ng the adoption e f the ',port, called attn.,
than to the necreese in the penman trona. but Matto that it was
undouille dip owing to the general nia:reta of the a 1.14t1y. fur no hang
lead been wautivg on the pet of the nuthany to ors e Inc itn pas.
?ellen, moth good accommodatioo, and safety. In the goo :n indit;
however, a entail increase had taken idea., which might be attributed
to better managementss. Not a angle accident had oteurnd. he par.
thoneat their pl oorodings hod been pretty suctemful. They had ob.
tained powers to Jabe the num of 291,0 if., thus enabling Lhasa to
clone the capitol acconut, with the execution of the luiprino.l3o.t.ts
the Clasouw and Cowbeire Phetions. Try hind tv pay to lb. Shi. pia
line 5,1515/ , Mr the new Edinburgh Mali .s, 19; OM. ; fo.r the Qutpoe
branch, 3,1i0e11.; and fur udditional plant. 30,000/. Thin letter woad
be required to work the new Stirling and Dun imbue line. It wee
don moon.) to expen a the awn of 5.00.11. in the e roc, nf boom,
for their workmen, which he lad no doubt would ultimotely
prove a profitable inertnerat. The dean due to the cam.
paray were Irene considerable, end Mem el 2 u 01. due
by the Wishaw 'foe ; 10,001. by Ur Not th Britinh, for their
share of the Edinburgh ntation ,• and 40,00 W. for lama, gem Their
total capital would then amount to nearly 2.60,10 1., when their
capitol neonnt would be closed. Whatever was :mere aid• required
would be taken front revenue. The Chairman then .aid it !sod Loth
proposed to =rare the present rote of hone between Lionem :.cad
Edinburgh, vie..: The tapers train, first clog., fnnn se. to doe, and
the second Ova from Gem to 7s. 6d. Three who plebe', to be comfort-
able and epeedily conveyed along the hoe could not nun ly find my
fault in having to pay a nate additional. A cgiit mum wan
ago proposed to he made in the common Vane-the arts foe the
Sot elan to resAin es they ate, at tra.; but to .aim tie, mead than
(rum ea. to ha. 6d.,. sad the third clam farm fromled. to Ss.
Puthanlentary trains would, 01 Col.lree, run ;.s before, at
a penny a mile. The Increre vaned not be f and very
agreeable by travellers; but aa the eXpen.e of kei pine up railways
was so very great, tbose who were stained by theta must give an
adequate return to their propnetor.; and even ...on 1104 advance
would be made their rate. would be lower then time, en MOO of the
Englith lines, The extension of their Ime to the Noi Priolge bad
coat about 20,n0.1. cod they had never charged anything additional,
even though carrie:ge and omnibus fares were saved. Tne Chairm.of
then alluded to the to:nimble arrangement with the Calerloalsot, and
hoped to be able to effect • equine one with Inc Caul Company.-
After a lengthy dieuston a.llO the male of the ace main and s e alte.
radon of the Ores, the report was approved of and a efii ieer..l at the
rate of G nee cent per nun= for the half yr.:r denoted, pa, able on
the 18th Septemter.-Sir Andrew Agnew ettiowel bin motion to ma
moriabee the roams...ter General afroiti.t compiling the company to
carry the mail. ou SuudAye.-Alb r a note 01 thanks to the mammon
the meeting separated.

WATnRFORD, We/FORD, WWILLOW, AND DrHUN.—
Iletf-yeerly Meetiwy.—London, Aug. Carl of Q.ortown in
the chair.—Atter the advettisetneet convening We martin, bad been
read by the secretary, Mr. Nash, who wind n behalf of a
vast body of nharehuldeth, liandt d in a protest agairrit the lesmlity
of the meeting, trod also against the affixi, g the compatly's peal loam
register of proprietor. The following report and statemet t of
secouute was then read:—The report stated that since last half-yearly
meeting the Wier-tors have entered upon the omartructiou et those
portions of the works only betwven Dublin .sal Wickaor, which,
from their difficult character, would neeerturily g,.vern the couple.
Lion of this important section of the undertaking. his course
bled them to limit their expenditure to the available retain., at t tett
command, and within bounds which have hitherto precluded the ne-
cessity of their thopting any measures of undue meroure upon the
shareholders In ari ear, during a period in wince monetary arid
commercial embarrassment has continued to be severely felt;
while, at the mime time, the heavy works, the must
tedious in their operation, have ba n steseily prOgreesiag.
Under ordinary elm/myther:es it would hare ban gratifying to the
directors to have been enabled to recommend to you a Pimultancous
proceeding with the works uniting the Irish South Eatitern Railway
at ficarawalshebridge, hear Enniscorthe, with their line to the South
bale Wexford, but the difficulties of the peeled writ d have obviously
mentleated the tropthey, rot to say the impracticahility, of extending
their worse beyond the seede r. of the aue which promo. to v ield the
cation return; the efforts, therefore, of the directors have hien eon.
centrated on the works between Dublin and Wicklow as
calculated, when completed, to produce this result, and to
develop the valuable and remunerative character of the undertaking.
the bill introduced into parliament for kgraisine the suleteriptian of
the South Wale. Railway Company to thin uodertakine, to an entent
not exceeding 25e,000f., having pasted into a law in the present en.
Ron.. it was incumbent, under its lirovieffilia, on seven of toe directors
to retire, to give place to a similar nunther, au reproentatrtes of the
/putt. Wales Company. By the arrtuigement between We too aerie
punier, the apnea- ucuan of the latter portion of the line sea forth mith
to be commenced and emcee:et! with. The directors have fulfilled
this part of their engagement, by the contracts they hare entered into
for the Railway and bray Head 1101104 which are pmeteding to
their satisfaction. The statement of sotounta to Slith al
June loot *bowed receipts at 1.30,450. ba. ; payments,
97,34 r/. le. ; tutelar in band, 33,1011. sa—The a barman
moved that the report be received and adopted, and printed
for circulation amongst the rhartholdera—Mr. Nash, after a
voluminema and somewhat pert:vial attack upon the directors, Moved
as an amendment that the queption of the reception and adoption of
the report be adjourned to this tiny month, and that thould trot be
received until it bud been inept. and and it+ aceuracy awerrained
by a committee of five shareholdere, the proprlttors not hat rig
confidence in the present Wrectors. Mr. Neal, read a lengthy report
prepared by a sedum of the shareholders, and having ailuptid it as
part of Ma speech, moved the amendment es already slated.—Mr.
John Reynolds, M.P., oppose d the amendment, and declared hie c pa.
&knee and that of his countrymen in the noblemen and gentlemen
who had the managy meat of We at ire of the outepany. The
position of the company was not so had as tile mum moue per-
sons who instructed Mr. Math sought to mole out, and he
(Mr. Reynolds) was unshed that the line would not only be
profitable to the sharele Were, but would he productive of great
national advantages. lie onuld nut but deplore the angry Leling by
which the property of the shareholders was nought to be depreciated.
—A rambling arxt wholly uninteresting corrte within followed, and
eventually the amendment moved by ale. le,oh was 2ut and was
need by a large majority.—Mr. Nash demanthO a ballot, but in the
end coneented to allow the decision of the meeting to palm, under
protest on behalf of himself and (hone whom he represented.—The
original motion for the adoption of the report was then ague' to.—
Mr. Nash neat proposed to move a reeolutioe, the object of which
was to reduce the salaries of the secretary and °tilers of the come
pony, but the chairman, on the advice of the solicitor to the company,
held that without notice It was not competent to entertain each a
proposition, and after a warm debate the chairman declared that the
business fur which the meeting had been legally convened having
been disposed of, it was now dissolved, after a sitting of thaw bouts.