The Express.
London, England, 1849-08-03 00:00:00

RAILWAY MEETINGS.

READING, GUILDFORD, AND REIGATE.
Yesterdsy, the shareholders of this company held their
first half yearly meeting, at their cffices, No. 2. Royal Es.
change-buildings, Mr. Alderman SALOMONB in the Muir.
The SICILETAM proceeded to reed the report, which was
as follows

''Thechreetors of this company are happy to announce to
the shareholders at the present meeting that the works along
the entire line of railway, which this eocipanty is empow-
ered to construct, viz., from Reedieg to A-h, being 20 miles,
and from Stratford to Red-hill statien, being 191 mitt', are
completed and ready kr opening; aet rtsin portion forming ,
pert of the main line, viz., from Stratford to Ash, tieing 6e
miles, is tinder construction by the Sonth-Westere C em-
puny, but the directors have every assuranc, that such per.
tion wli be ready for opening witain the pre. ent month,
thereby completing the whole of the line. Tie two ex•reme
pars of the line, viz ,trom R-adiug to Farnborough, and frs,m
Dorking to the Redhill station, were opened for tr dfic by the
South-Etstern Company on the 4th of July last. The direc-
tors observe with regret that the Brighton Company intend
to amid the D.rect Portsmouth Company in their attempt to
mtke a line from Epsom to Leatherhead. Situated us that
place is, midway between Epstein ant Dorking, such a line
would necessarily have an injurious effect on the interests of
this company and its lessees. The Brighton Company do
not hesitate to avow in their report, that their a, sistancc to
such a scheme is for the purpose of diverting the teethe 'rem
the Reading, Guildford, and R ,igata line. The directors
feel assured that this prj et will tail; that neither parka.
mint, nor the courts of law, will sanction such an unwar-
rantable procteniag ; and it is the duty of the company
to protect their own property and that of their heves
by every nh fins in their potter The half-yearly ec
counts, which have been duly audited, are annexed.
The directors have to ask of the proprhators their sanction te
the iseue of such an amount of debentures as may be required
to fulfil •he engagemen'aof toe mops -y beyond the capital
of 600,0001. For this purpose the directors uropose that such
sanction he giveu for a sum not exceeding 60,0001. The el:rec-
tors hove pleasure in testifying te the great skill dieploged by
dlr. Barlow sea practical engineer in cure log out the woe ka
of the line. The direst tees have every reason to hope the'
when the line is c3ropleted and opened for treffig it will
prove remucerrive to the South E est. rn Csempanir
The following statement of acceuuta was submitted to the
shareholders—
Jan. 16, 1649. l h d.
To balence... 48,921 12 10
To amount received
on calls 105,281 0 0
1.4414 on ditto 671 1 1
Transfer fees- lt I b

S .a.

By exeenditure, as --
per detailed =-
tenet 137,819 3 11
By balance et
bank..rs
By ati,unt el petty
.1611 ±. ..0
813311:8
O,J. F. nacos Ind broth rocuca.
t it. report and the ba au:n-
and printed kr circulation
Ileh being unanimously I arind
to directors to raise 60,0301. by
Osaka having been TOILIi to the

/154,524 16 5
Audited and signed bl
Mr. SALOMUNS mewed tut
sheet ai.nixed be received,

amongst the shareholders, will
to, • rt sAution authotiting
debentur. s was passed, and th
. .

ct air,

the assettog separate.%

NEWRY AND ENNISKILLEN.
Yesterday en ordinary general m eting of the proprietors
was held at the Guildhall Cense-house, Lord N Edens ant'
Mouse in the chair. After the minutf s had been read,
The hi:entreat, Mr. BRYURN, read the report, Allah
wee es rotheser
'Tne accoun's, to the 30th June last, and balance• el e. 0,
duly hu•ltrd, are submitted to the pre prit t ere. The 30th
June and 31st December have been ad. tared as the peel al fo
b ilanciog the accounts, is accerdence with rai:wey ttd
mercantile usage. Tne re sisfanfat wbish coolant& sto he
offered by government to applicatiooe for aid to rf.hways in
the ninth of Inland has been the memo of further pro'rect-
mg the construction of the Daldin end Belfast June' ion
line betwe.n G's rah and Peireadown. The fact, howes r, of
so large • sum as half a mill on of mo .ey hiving very re-
cently le en grat.ted tie ni.l in the canstructioa of early a part
of the lie e ail user campaay iii the wet; of Ireland, Justine'
the corfid-gat expectation which the dire cent. tuterfain that
the claims of the northern part of the country canoe.. in • his;
respect ba much longer overleoked. The sharche ,fees are
aware that, ue tel the line is opeued to I'ortadowe, the pa-
tine of the Newry and 14 Inlet:Blot line between ear; and
Wish must remain aproduetive. The dinettes feel assured
that, as soon as that pert of the juncdo a coulter y's line is
likely to be cempleted, they will be enabled to make reel:
arrangements reepecting the company's property between
Newry and crab as will admit of a coneiderahle reenti
the sieerebolders. The meet opening of the Neese', War-
renp,int, and Rostrevt r Rail efay will materially fecilifate
this Wiest. In the inlet im it is caneide red that era. ge•
went. can be effected where by the expense. of management
may be reduced, and the director- 'weed to forego all furtlotr
remuneration fur their services until the affairs of the cent-
peny are in a more favour elate to 010., At the presert
halt-yearly meeting three d.rectors and the audit
go out of (Ace, and they ate e,i'tible for reedeetio.-.
In re termer to the auditore report, the directors consider
it due to themselves to remind the share holders that it etas
at their reques • that the lean to the Newry, Warret p
and Rostrevor R il ay Company was made, in orde r to ex-
petite the eimpletunt of that lice, anti thereby essentially to
Promote the interestof tie Newry and Enniskillen Company.
The shareholders were at that time lolly aware that the so-
manta of Messrs. Wallace and Co., end Mr. Deegan, lead nut
been rendered, end that the emoted" IMO to them wen ma-
c; rtain ; it war not intended thst the loan ale ell be de-
ferred, but that the company she old snake it as soon SR pos•
sible, la as to realise interest at 61. per cent. per annum. la
order to give effect to the wishes ui the share holders, and at
the same time to facilitate an curly retura of the sum ad-
vanced, the directors stipulated for the repayment thereof ea
I Bows, viz , 5,0001. in December, 15e19, wad the remaining
3,0001. in J al, uary, h.ieg a much earlier
period than any other portion of the debentores of the
Newry, Warrenpoint, and Rostrevor Railway Company
will become due. The directors have no doubt whatever
that the return of the money thus advanced is perfectly
secure. They also feel allured that the funds in bend, with
the amount that will speedily be realised from the tercets
of calls, will be sufficient, or nearly so, to discherge the
outstanding claims when adjusted. As several shareholder-
have red ntly intimated a wish that the b nerds of these two
companies sh ,uld be distinct, and three directors have now
to retire by rotation, Lord Newry, William Chadwick, Eel ,
and James John Kinlock, Esq. (being directors of the other
board), avail themselves of this opportunity of placing their
seats at the disposal of the company. In couclueion, the
directors deem it a source of congratulation, and recent ex
eeriest* smp'y justifies the feeling, that the measures they
have recommended far the adoption of the shareholders have
been the means of saving the propiietors from a course
which, if it had been persevered in, must have entailed up 'n
them generally a serious loss and much individual suffering.'
The motion for the adoption of the report having been
carried,
Mr. SPACRMAN said he could not consent that the noble
lord should retire from the chair without making a few re-
mark.. As the shareholders sanction. d the Newry loan,
pet haps they could not complain, hut he wished their liabili-
ties had been discharged first. There had been a general
expreemon of opinion that the position of the retiring gentle-
men, as directors of the two companies, should they come
into collision, might cause difficulties, and place the directors
in a very anomalous poeition. It gave him the greatest
seeisfarien therefure that the wishes of the shareholders ha I
been so handsomely bowed to, and he wished the noble
chairman would remain until the ehareholders passed the
vote of thanks which it was his (Mr. Spackenan's) intention
propose. They. would be happy
.to co-operate with his
lordship is future In his connexion well the other company.
Some conversation then arose as to the expenditure on the
works, and the CHAIRMAN, in reply, stated that no money
hal been paid without the sanction of the cm:ismer, and
that there was a large margin left upon the bile of the eolie
veer and contractor, which would secure the sharehold•fra
soinstover- pay ment. The Chairman then re tired, in favour of
Mr. Hemmer (one of the die ever.), who moved the
forfeiture of the shares —This was carried.
Mr SPACKMAN then proposed a r Solution " that this
meeting highly eppreciate the motives which have in-
duced Lord Newry and Morne to retire from the company,
and the pea management cf the directors and attention to
the interests of the company." L'.rd Newry had sweet d
them in parliament and elsewhere, and if they had taken
on better times, they might have be. n more eurces.ful ; hut
they were greatly indebted to Mr. W. Chadwick, who visited
Ireland, and reported against the desirability of proveiling
with theundertakiug. Mr. Kiel och alto deserved their thanks.
The resolution was carried.
The following new directors and auditors were then
elected:—Mr. Spackman, Mr. J. Dankin, and Mr. J. It.
Burhidge ; as auditors, Mr. A. Samu I and tar. W. Conquest.
Mr. SPACKMAN then esid that as about ore-half the shares
were forfeited, he hop. d they would eventually get back for
those who had paid up 31 15s. to 41. per share. but much
would depend upon the liquidation of the claims sg inst
the a, and their pr eperty being bought by some other line.
It was then r solved that all further salaries and allow-
ances should cease, and the estaldishment of clerks, &c., be
broken up, and the meeting adjourned.
se

NEW ISCLOSIIRE ACT.—By an act of the late
',Pions (12 & 13 Vic., cap. 57), which received the royal
an ent on S
—St. aturday, the inclosure of the fol 4.wirg lands wall
directed : Harmon, Radnor ; 1441t011, Somerset ; S atm-
ninettin, Brandiston. and Haverlond, Norfolk; Snared
Chart, Kent; St. Wee Down, Cornwall; Creighlytheo,
Ralnor ; Hailey and Crawley, Oxford Rumbru.h-common,
Stiff ,lk ; Hartshorn, Hellingly, and Arlieron, S oder ;
itrinstead, Southampton; Ponsonby, Cumberland; Calder,
Cumberland ; Crosby nnd RAI', Cumberland ; Rotherwiek,
Southampton; Brock ley, Bc2olk ; Bedfield Long-peon,
Suffolk ; and Draifield St, Gaorge, SuffoA.