The Express.
London, England, 1846-12-22 00:00:00

13,„ 4,9, p.—Booton, Stamford, Birmingham, 4. 1 p.—Newport,
(M, 21 1,•
inc (B), 216. • ti
3d. la p —ehreipshire Union It. and C., d.
tHonteehoirdre: A 3 r
prga—vseev.ny.e,orn, d,.—itai:er3dr}epW.....sme.mertepoinb..t,„}Bp—trinNin.gShitef.-
Sheffield, Lincolnshire, 1 d.—W. Ruling L n_. 11 p.
Itteneburg and 13Ale, 518 75; Centre Virago:a 610'; Amiens., and
9131are7511,
RoDr.c...llland—Parbsa,nd67oo;rlcamnies,nl,2:7.so.;
14P.earusaks,and
801 25:
Boulogne, 440; Bordeaux, 5G5; North, 653 75; Paris and etras-.
burr, 485 73 ; Tours and Nantes, 497 50; Paris and Lyons, 513 75 ,
Dieppe and Feaunp, 380.
MEETINGS THIS DAY.
West Cornwall, 75, Bread-street Bunting., 2 p.m. Ilo6ton, Slarn-
ford, and Birmingham, IS, East Abineden-street, estminster,
1 p.m. Meet Landon, East Retford, and Sheffield Junction, Lon lon
Tavern, 1 p.m.
MEETINGS.—WATERIPOILD, WEX FORD, W hero
in the
, AND
Deeux.—First General Meeting, Dec. 21.—Lord Coartown
Chair.—The Chairman said, that, in consequence of eornmunicat ons
which had pa-sed between the directors ant two gentlemen ion ne:ea
deputation from Dublin, the former did not intend to act upon ,he re-
port which hal berm previously prepared. That report would nee ly
be real to the mectine.—The report, which was accordingly read try
the oceretare after briefly retemitulating the early history of ere try
stated, that in the early part of lest eeedon, the Great Westetrn,
tcohemparknouit,f,a
.Waderlers,ovearntdurt..thetolthexfmordio,
to concert eta railway from Worcesterto Pert Dpiallaen, a port direcey
Wure.e.ter, and oli ertuunp on
opposite to the harhom of Wicklow, and affording one of the near, t
give in anuppacation for Powers.
P°dieeenttlio,ofgueornveamcuonnic.dii
have led to L's postponement for the present. The directors re-
ttijonnnalbetareeweentntoltriekolanprod
p.dantl
commend let. That the estenition from Kingdom. to Bray be forth-
with carried aut. Di Lance 7 odes ; and thence continued to W
17 miles. 2nd. Form a junction with the Weafora, Carton, and
Dublin line, at, or near, Enniscorthy to Wexford, and ha the proposed
packet station in South Bay ; dirdonee 26 milen. Srd. That the pur-
clime. of land be made with reference to this arrangernent. and no
calls mode befare the money is nctually required. The drrectors cal-
culate that one call of 11. 19s. per share, payable in Febniary next,
and a second of IL payable in November, are all that is likely to be
required in 1847. The directors propose to allow 4 tier cent. on cane
paid up. and 3 per cent. on payments
.in adeince of
tills. Hopes were hell out of public, essegance in con-
structing the earthwork,. "The directors have the eatefaction
of stating that they continue to salve the cordial comperation and
support of the Great We tern and South Wales Railway Companew,
wL.eli are now united in a common interest, and under whose In-
fluence a very large proportion of the capital and reek of the oom-
ny, amounting to nearly one-fourth, is permanently held." The
baleuce sheet shows—receipts from depswite, 112,799/,; diabeee-
menta, 39,8.531. les. 4i1.; slier, 72,925/. 36. ad., of which 21,8341.
Ifs. 11d. is in the banker's bands; 51,0151. Ga. 91. is on loan at 4
per cent. interest; and 751. is the amount of the cash balance. After
the report had been rend, Mr. Aid Royce, of Dublin, said, that haring,
along with Mr. Perry, been deputed by a large nuinberof Irish proprie-
tore; hiscolleague and himself waited upon the direetors by appointment
on Saturday, whrm they stated very fully the views of those whom
they represented in reference to the interests of the company. They
told them that the country was not at present in a condition to bear
the undertaking, that the proprietors were nut in a position to meet
what was required ; and they gave many reasons why the ()western
could not, as an act of prudential government, decide upon prose-d-
-hag further. They were very favourably received by his lordelep and
iris co-director., and were requested to meet them etain at 11 o'clock
that morning. On the smote' occasion the directors consented, at
the request of his colleague and himself, that the meeting should be
adjourned until the 17th of February, in order to afford time for
maklug arrangements which weuld be Patisfactory to th.eng pro.
to
prietoro generally. As the directors eppeared very willi
meet the views .of the deputation, he hoped that when the day
for holding the next meeting arrived, such propeations would be
submitted to the proertetors as would enable them fully and entirely
o comperate with the directors. In conclushea he moved that the
meether should be adjourned until the 17th day of February next,
for the purpose of then considering the affairs of the comp inv. —Mr.
George, in seconding the motion, eulogised both the deputation and
the direction at some lengla ns camposed of persons in Whom all the
proprietors might repose the greatest confidence. There MU. a great
—t
deal in the report to glaltlen the hearts of IrishlrishFiona file proprietore,
especially the large interest held by the Great Western and the South
Waho Companies ; nod I.e hoped that thews two oompanies he Water-
ford, Wexford}, Wick lew,and Dublin Company, mettle, Dublin and K Inge-
town Company, wordil see the necessity of acting still more in coacert.
lie had not the slightest doubt that the mearoues arranged between
that day and February would meet the views and wishes of every fair
and bona fide proprietor. The Cherman was about to put the mo-
tion, when Mr. Dickson ram to achieves the meeting. Ile said, that
had not the preceding speaker utter such bread, general, and un-
quaintet 1 ordations of the directors, he should have said nothine on
that comeit e as to the manner in which the affairs of the company
had been can 'rusted. There were several eircumotarees which should
have mitigated his hich culezinm. Many things connected with the
movements of the direction were Nellie culpable. Ile condemned
the eneract which he. be,n entered into with the Dublin
mid Kingstown Railway Company for a lease at a rent of
34,000/. a year. The hereon was a good one for the
company in question, but n very bad one for themselves. Il
ime also
complained of the conduct of the directors in taking pnwers to prove
the port of Wexford, with which, properly, they had nothing what-
ever to do as. a company, and which should have been left to the land-
owiwrs or townspeople, cr to the Great Western Company, whom
a:nne it wan likely to benefit. In August, the directors ensured the
proprietor's, that from and after that period. thee would issue no more
chars et, yet they hail since taunt one-eighth of the whole amount.
Having acted as chairman of the Irish nharchelder., he wan able to
state that, latterly, not more than two or three could be found
to hold up their Lands for anythieg but the dissolution of the
Company. At the lent meeting hopes were held out to them that the
Great We...tem Company would lemse the line. Ile believed that the
Great Western Company had no lira of doing any such thing, and he
trusted that the proprietors would not pursue that will-o'-the-wisp any
longer. No doubt the Great We,tern Company woeld be benefited by
their line acting as a feeder tn the Great Western line, but it an only
in that light that they attaches) any %%due to It. It 'night anseer their
purpose to Purifier capital on that account; but of es wise they would
have nothing to do with it. Ile blamed the directors for
not letting the propriatore know concern ere the registered
shareholders and partners in the lle had written
to the secretary to ascertain whether the directors meant to
register the scriphoklers or only the allottere Even at the
eleventh hour it was impassible for the proprietor., to know who were
their partners. The design of keeping the shareholder_ in the dark
seemed to be that they might be bound bend and foot by the directors,
while the directors themselves were re-elacteL Before the meeting
separated a committee should be formed Le investigate th tt subject
and exemine the registry; otherwise no good rpose would be
nerved by the adjournment. Mr. Boswell followed in pu
the same strain.
The directors had taught them to expect a lease of 5 per cent.
and a moiety of surplus profits; and it was hopeless; to think of
that that was at an end. The beat lines in Ireland were at a discount.
—Mr. Pearce thought it a matter of great importance that the pro-
prietary should know their preci-e position with respect to the regal-
tratiori. What persona were to he allowed to vote at the next meeting!
—The Chairman : Those who are on the regiotria—Mr. Benson was
proceeding to speak of a contemplated outlay in the improvement of
the harbeur of Wexford, when—Sir Thomas Esmonde, one of the
dieetors, waned him that there was no such provision In the act,
and that the company bad nettling to do with the Wexford Harbour.
A separate company had taken that matter into hand.—Mr. Ilayter,
another director, admitted that the point was embraced in the contract
deed, but said that no power was taken in the act of parliament —Mr.
D. W. Harvey had hoped that altar the pointed obserrations
which had been made, and after the allurement praethel
by the invitation to the splendid house of the Greet
M'estern Corinviny, Mr. Ilayter would not have confined himself
to the Wexford harbour, but would have gone on to speak of the
altered aerition of the company. If nothing rhould interpose between
that meeting and the meeting in February, to bespeak greater conft-
dente., he thought they might then, at all events, dispense with the
services of the representatives of the Great Western smpany. He
felt great coafidt•nee in the deputation from Dublin, representing, as
they did, one-third of the capital, but it was important that thou two
gentlemen should be fully aware of the expectations of the
Phareboldere They should endeavour to rescue the shareholders
from their perilous position, bearing in mind that if the
company were not dissolved, there was 200. out of Isle.
per chore to be divided. Ile dirogreed with Mr. Dickson reepecting
the Dublin and Kingstown Railway. The leer was Very beneficial,
Inasmuch a. gave thorn four or eve miles of I.lfl•MaiVe country for a
which wan a y t lready eseeeded bhe receipt, of the line. Further,
Le had erosion to believe that the Dublin and Kingstown Company
were not disinclined to take the Waterford, Wexford, and Wicklow
line off their hands, paying nearly all the expense which had been
incurred. As regarded the prospects of that line, he believed that
frmn Kingstown to Pray it would be very profitatic ; from Bray to
Wicklow it wooed 'till be profitable, though not to the same relent ;
from Wicklow to Wexford there would be an ahem ption of profit.,
and beyond that there would be a very consider terle lose What the
pnwrietore wanted was to see themselves clear our of a mew. A. re-
garded the question of regiotrution, and the interests of respectable
scripholdcro, who were willing to be registered, he was convinced
that if they did not secure their property in one way, they would be
able to do so in another, though he had to wish to make any farther
allusion to equity proceedings: -Mr. Perry, ea one of the deplMllloll
from Dublin, stated that the deputation had been pminieed the fullest
recces` to all trees:wry information. The motion for adjournment was
then agreed to.
DIRECT LINCOLN, EAST RETFORD AND SHEFFIELD
haCrlON.—llhooledion .Voting, Dee. 21.—J. It. Shuttleworth, thq.,
in the chair; Mee s. Eyken, Cull, and Brown were appointed scruti-
neer's. Mr. Griffin moved, seconded by Mr. Price, that the company
he diagolvere and that without a bankruptcy. The Chairman then
informed the meeting that only the Milers of (hose shares which were
homed before the 31st March last, were oumpeteat to vote. After some
time the scrutineers male a report that 3,373 shares had been houed
and slid upon before the 31st Marsh, and of these 2,110 hod been pre-
sented to them for voting, and which were given fur the dismiutian of
the company. A shareholder Inquired why his shares were rejected
in the VOtilla Mier? The .selicitor rename became they were lamed
after the 31st of March, the alt of parliament requiring that no shares
ehould be edmitted but those issued btfore that date. A shareholder
charged the directors with 'sardine 2,000 sheets into the market fur
the purpose of deciding the dissolution. The Chairman persisted in
excluding the sharer is sued a'ler the 31st March. The rerrolutian to
dissolve without an act of bankruptcy was then eased. Thee were
no accounts exhibited by the directors, nor was any intimation given
as to what prospects the. abureholdera had after the illasolution of the
comormy.
PuLsrox AND LONGRlDot.—General
Mr. T. B. Addiron in the chmr. Resotutiona were pasted, inconformity
to the recommendation of the directors' repel, giving the share-
holders authority for the " transferring or disposing of the Preston
end Longridge Itailwey, and the work, and ,one nieces M and con-
nected with the same, to the Fleetwood, Preaton, and Vent Riding
Junction Railway Granpany, under the power of their act of 181 a,
which transfer or disposition in to be made subject to the existing
liabilities affecting the same premises respectively, and subject to the
perpetual yearly rent or saw of 3,01.01."
FLFIETWOOD, PItESToN, AND WEST RIDING JtHICTION.
—E,eranritinary 18.—Mr. T. 11. Addison in the chair.
The nereement with the Paton and Lougrifige Company was cau-
tioned. The following resolution wan pawed That the direMOM be
requested to prosecute the application to parliament for the branch
railway from Milton to Reentry, and to take such measures on behalf
of this company to raise the requisite capitd for smell branch railwar,
by the creation of new shares or others-We, as the directors may think
advisable."
MISCELLANEOUS NEWS.—Lownow Awn NoRT)I-
Wrsrrr.N, FnaEw.as say AND BIRMINMIAM, AND Stern VALLES.
—With reference to the conference between these com-
panies, which took place at Birmingham on Saturday, and ad-
verted to
.in this journal yesterday, our correaporatent supplies
the following more detailed infornation thereupon : " The meeting
lortunram
beanicl„a:dtousirr I:oallaleyocothrientratnotieslo.n
of railway companie. which took place here (Birmiughem) en Saline
'lharcllesyrsl7arTilwaa:dshioluirmild na:
thy, was composed of deputations from the London and Western,
joint object was to bring about sonic arrangement whereby the Stour
Theand
North-Western Company (the necersary parliamentary notices for
that purpose having been serene and also to offer terms' for leans or
purchase to the Shrewsbury and Birmingham Company. The mete-
ingWaS etrictlyprivate,but oullicient oozed out to enable to to confim r
that wheti was etatel lu this paper yes:enter, that although some hours
were .pent in negstietine matters, the Loudon an IWerrt.rn deput dion
were unable to prevail on the gentlemen representing the Shrewsbury
and Birmingham company to accede to their t nes. The difficulties
in the way of an arrangement with the Stour Valley C eapanv seem,
however, to hare been lees formidable (the London and North West.
ern already holding one-fourth of the 'hereof); and it is 'relieved that,
in a shun time, either a lease or an absolute sate will be effected.
Pending thin, however, and with the break in the negotia-
tions on Saturday, scrip in both the Shrewsbury and
itirmingham and Stone Vali ei romp:mks deelined in value
in the Birmingham market yeeterday. The term offered by
tee London ant North-Western companies for both of thew lines Of
railway, are, it it alleged, sub/martially the same as thou which have
been accepted by the Shropshire Union."
LONDON AND YORE. Mr. Pcto has
'just taken
the contract for the portion of this line from Peterborough
(where Mr. Brameyer contract ends) to York. The terms of
Mr. Braesey's contract are, that he shall complete, by the Ist
or June, 1819, the line between London anti I lantin gden, and the re-
umining portion, to Peterborough, by the November following.
BIRMINGHAM, WA LsA LL, AND DCDLEY.—The works on
this line are to be completed in eighteen
months. Tice Birmingham
and Oxford Junction will expedite their works, co that the carte.' line
feorn fenny Com, ton to W,lsall will be opened at nearly the same
time.