The Express.
London, England, 1849-04-11 00:00:00

communication with the authorities of the Bard of Control,
he might express his strong conviction that it was the inten-
tion of all the aw.horities coarsened in the government of
India to carry out in a bed fide meaner this great under-
taking, sad to give every fair construction to the terms and
med (Hear.) He could only further add that these
terms were not atria ly raid, but would be open to lateen,
tfoa ; and that reasonable modifications would be admitted
into their subsertotios cestraets. (Hear )
Mr. HITCHINS the* moved the following resolution:-
" That it is the opinion of this mistime that the terms offered
in the letter of Mr. Melviil, of the 28th March, 1849, are
each as this meeting approver, and the directorial, requested
to mewled, a contract acordatoe therewith, en 4. le
such medificetkos as' they may thick expedient." After
;vine an elaborate compliment to the chairman and dire.-
toes for the manner in which they had conducted
the affairs of the ens y, he observed that they had now
arrived at a point which they could never have expected to
have attained. In fat every failure had been a gain. They
had undoubtedly security of a first rate charact-r, and were
guaranteed whist any possibility of logs. (Hear.) Their
directors had received no remuneration for gears of labour and
anxiety, and he ventured to ruggest that 3,000 unappro
prised shares should be placed at their disposal in order to
mark their settee of the great exertion, of their directory.
The CHAIRMAN interposed. He most observe at once
that though they accepted the 'negation just thrown out as
• testimony of renewed confidence, it was one which, and he
spoke the unanimous feeling of the board, they could under
no terms whatever accept. (Load cheers.) They had been
fortunate in Nilsen this ooneern to a satisfactory termination ;
and that feeling, wigged wi•lt this mark of their continued
confidence, would be an ample reward for them. Bat as to
receiving shares at par for the purpose of diepwing of them
in the market, though it was perhaps not an uncommon pro-
oesdiag in railway matters, it was one which they must very
gratefully bat decidedly decline. (Cheers.) He would ask,
however, am an additional mark of their confidence that an
shares which still remained unappropriated might be left with
the directors to be disposed of at their discretion in such a
manse: as might prove advantageous to the proprietors.
(Beer, hear.) Aker carrying out the experimental line, it
might be necessary very much to increase their capital, and
it would be evidently very much to the admiatege of the cow-
paay that they should have a large and mpectable body of
shareholder,. (Chace.)
Mr. FLOOD seconded the resolution. It was an extra-
ordinary thing that at this time any company whatever
should be met foe the purpose of constructing a railway, and
the fact of their being new so assembled was alone a strong
testioseny of their faith In the skill and judgment of the
direction. At a time when great names were being shaken,
and great companies themselves were tottering, they were
met foe the purports of considering whether they should not
now embark in Si undertaking unparalleled fnr its mega-
tilde. (Hear, hese.) He could not help expressing hie
astonishment the advantageous term which they were
now emerideringterms much more advantageous than
those which were submitted when railway property was
vastly more valuable than it was at this moment. (Cheers.)
Capt. HENDERSON wished to inquire, as it was pro-
bable that the lbw would be extended billow' Burdwan,
in which direction it would proceed, and whether the gut-
' nude', which at pretest applied to 1,000,0001. only, would
be milled to any further capital which might be
I rand?
The CHAIRMAN said his answer mast not be regarded
as official ; bat undoubtedly the whole of the terms and con-
ditions wore liable to modification. The million guarantee
might be increased, and the same terms would apply to any
acrease, as by the pment conditions applied to the million.
(Hoer, hear.) He could not state what the second terminus
of the line would be, Calcutta being one; but it was intended
to leave the direction of the line and the second terminni to
he decided by the Governor General of India upon the pot.
However, in whichever direction it were extended, whether
to the west, to Mirsipon, or to the north, to Raimahal, coo
part of the experimental line would be lost, the portion as
far as Burdens being cameos in both directions. (Hear.)
Mr. BIRD confirmed the statement that the line to Bad-
wan would be anew to both ; and added that if it were
extended to Rajmahal, the route would be N.N.W. by W.,
end if to Mirseports, N. and by W. or N.N.W.
Mr. DEAN gave his cordial support to the proposed vege-
tation, and expressed his opinion that it would be highly ex-
pedient testae with the terms offered.
Mr. FISHER inquired whether the intention still existed
of reducing the abates to 201.
The CHAIRMAN said that that was one of the points on
which the directors were pledged, and it was a matter of
pride and eatidaction to them that they had never made a
Liallwhich they had broken. (Cheers.) A bill was now
ageeril=
fafojiiittlx,tizu
passingrpo, taLdl4tiellastuutrehoemaitimee bod
uch es
passible. At the same time they had undertaken to secure
to the company by charter everything which a charter could
femme. (Hear.)
In answer to another question from Mr. neaten,
The CHAIRMAN stated that there was no intention of
allowing those persons whose scrip had been forfeited, or
who bad not paid the 11. call, to be admitted ander any cif-
amstances whatever to the benefit, which the company now
held out. (Hear.)
The resolution was then pot to the meeting, and carried
MM. COS.
Col. SMITH then proposed the following resolution:
"That it is the opinion of this meeting that all shares upon
width the call of 21. per share shall not be paid on or before
Oa 10th inst, be forf,ited. subject to the discretion of
*le mart in particular cases."
Mr. CAWTHORNE seconded the resolution, and after a
'light discussion as to the propriety of extending the time for
paying the call, it was carriedunanimously.
- In reply to • question as to the number of shares,
The CHAIRMAN said, that of the 40,000 201. shares,
10,000 would still remain to make up the number.
A PROPRIETOR begged to know whether the directors
W ems to any determination as to the distribution of those
shams ?
The CHAIRMAN said that the question had only been
madiered by the Board that morning; but they had not
come in any resolution. He could only now repeat that, if
titi:t=en would eo far confide in them as to leave the
to them, they would undertake to divas of
these in the manna ost advantageous for the general inte-
rests of the company. (Hew.)
Mr. BEAIJIiONT said he had received a letter from
Capt. Barker, stating that a surgieal operation obliged him
to be absent, but expressing a hope that they would bear in
mind the Great Western of Bengal, adding that they had
registered about 19,000 share, wider the amalgentatics, on
the faith that the balance subscribed (slant 5,00011.)„ should
be headed over ; that on their own shares not a farthing had
been paid; and he wished to know what had became of it.
The CHAIRMAN wished he could tell. (A laugh.) The
question was full of mystery. The amalgamation took ghee
before he (Mr. Aglionby) joined the company. He them&
the agreement would have been carried out by the Great
Western of Bagel ; but they had met with, instead, nothing
but procrastination and dMulty, while on their part every
condition was fulfilled.
A PROPRIETOR asked if inteeest would be Awed ea
the outlay ?
The CHAIRMAN could sot venture to say how far. It
the expenditure already lectured should ante to have been
for the benefit of the undertaking generally, they would be
allowed credit for all, but certainly for
Mr. BEAUMONT having in particular complimented
Mr. Semmes for his energy and gelleacrifice, and Mr.
Treoldield far his disinterestedness, moved " That the cor-
dial thanks of proprietors be returned to the chairman
cad divot= of the empany for the energy, diaintereand-
nem, patience, and perseverance which they have
eat eamdfested is the conduct of the couspeny':h=
cal which have enabled them finally to overcome dills&
des of no ordinary character, and to meet the 'harebell=
le-fiey undercircumstances of prosperity as promising as
finsasely they were gloomy and adverse."
Mr. LOVELOCK having mended the motion, it was
un aahy
The nousICHAIRIVI.Nd, in returning thanks, expressed the
satisfaction of the directors at that day's meeting, after years
of exertion, which almost appeared a hopelesscontest
Per himself he hal never held a share in any other railway,
had Bever trafficked in railway shares, and did not intend to
de M. He fully concurred in the compliment maid to Mr.
Stevenson and Mr. Freablield, and in conclusion observed
that itwas the wish of the directors that all their proceedings
should meet the Shoe of day, and their intention never to
affect mystery or concealment. (Cheers.)
The meeting having given three cheers for the company,
then

MISCELLANEOUS NE WS. —LONDON AND B atogrog.
—This company here made reductions in the charge for
periodical tickets, with the view of encouraging building,
and extending facilities for imbue= residence in connexion
with the short stations between London, Croydon, and
Epsom.
OPINING 07 1111 LOOP LINZ YAM LINCOLN TO
Gattesionouoz.—On Monday the 9th, this further portion
of the Great Northern Railway was opened for public
traffic. The line wee certified by the government inspector
last week, and on the arrival of the train from Boston at
9 15 a.m. on Monday, the first passenger train started for
Gainsborongh ; it was well filled with pamengers and gentle-
men connected with the company. The line after leaving
Lincoln station, crosses the high street on the level and the
Upper Witham, on a drawbrige ; it then runs along
the south side of the Fosodyke to Seaby, pre-
senting good views of the cliff district, and of
Doddington-hall and wood. At Saaby the line
a
crosses the Fceedyke on a handsome bridge, and
direct to Gainsborough. Four miles from Salby tre°r7di.sa
station for Marton and Stow, by the side of the old Roman
Fomway from the Trent to Ermine-street; near this place
a good view of the old Cantle of Torksey is obtained. Stow
Cunt& is one of the oldest in England, and is bunt on the
foundation of a Saxon cathedral whisk was destroyed by the
Danes in 776. About midway between Sexilby and Marten,
the Manchester, lihealeld and Lincolnshire line from East
Redford, joins the Great Northern. After leaving Marton
station, the line passes near Gate Burton, the seat of W.
Hutton, Esq., Kasith Perk, and Lea, the seat aline Charles
Anderson. At Gain h, a vay awkward junction
with the Manchester, EihMeld and ashire line bee
been made, and the station of that company is used
by the Great Northern. In coosequenoe of l
&spates, the Great Northern do not intend to oempletetig
loop froonGai toßawtry, bat will nee the line of the
Manoiseeter, Shen' and Lincolnshire, hem the junetion
near Testes! (above referred to), sad join their own grand
bastion Ilse at East Rahrd. This will not increase the
distanee two idles between Lincoln and York, and will me
the eempany seemly 300,0001. The opening or the line front
Gainabervegh to Lincoln will bring a large amount el new
trails ea to the Onset Northern Line, and from it to both
the 11111.1,11 Counties and North Western Lines at Peter-
An extension at the line from Gainsborongit will
SOON time be made *roe the Isle of Oxbolme to
the Grand Trunk Line at Cowden near Snaith—an
set Y abeedy obtained. The &laws between Lincoln and