The Express.
London, England, 1849-09-01 00:00:00

OXFORD, WORCESTER, AND WOLVER-
HAMPTON.

Yesterday the half-yearly meeting of this company, and
the spec'al meeting by adjournment from the Ist of August,
for the purpose of receiving a report from the committee of
investigation appointed by the shareholders, were held st the
London Tavern, at 2 o'clock ; F. RUPPOILD, E q., M.P., in
the chair.

The CHAIRMAN =Rotted that for the sake of conyo-
thence the buainees of the specie' =main should be pro-
ceeded with in the Stet in.tsuce, sad Gilled on the com-
mittee to read their report.
Mr. COHEN requested to b• informed whether any of the
directors of the artist Wes :rn Railway Cmipany were
present?
Mr A 4111.0 W 'mi.! the .e the - n'r met b r o! the
Oren; Weston board of direction present. All the emir

-

directors in awl:daub were those of the Oxford, Wooster,
and Waiverhsmpun.
Mr. CAPEL Ohm ehainnin of the committee of investigs-
Soo) was about to read the report of the committee, who
several eia,cholden suggested that as it had been in the
handset the prspriete re- for some days, andrand en pub.
l eked in the siewspapers, it should be tskon shut
Mr. METCALFE (solidtor. Keith 4, Yorkshire), pro.
tested ageism emelt theatis. The degameat had bees ia his
beads owl, thorium lent hellbent, and It was faaportant
that the statements contained in it should be accurately pre-
mated t • very shareholder.
CAPEL thAt read the report of the imeusittee of in-
vestigation' width bee already been published in the Express
of Wednesday last. He mid that the ',pert should
have been earlier in the hands of the proprieties were
it not that the committee bad not got it from the
printers. with the exception of a few espies which
were riven to the newspaper press, until Wednesday
ever Jag at six o'clock. H. regretted that the pro-
prietor bad not had more time for the consideration of its
contents, but passing over this point, his duty at must was
to more that it be emir' d, adopted, sad printed for circuls.
sod, in doing so, he would inefrnal on the meeting with
may a very few remarks. With regard to the
arrears of eslis the shareholders would see that they
ame,sted to 115,0001., while not more then 40,0001. or
sopa has beau u yet recovered. Under this head, the
committee bad to draw special artistica to the fact that
the secretary of the company, who reosived a large salary
from them, was in a for the five calls on 6.5 shares
allotted to him. (Criss of "Shame.") He felt it due to
the directors to state that they had given every facility
for the investigations of the committee, by affording access
to books., papers, documents and every other soon of in-
formatics, which could facilitate the inquiry intruded to
therm. He moved that the report be received, adopted,
and entered on the minutes of the proceedings of the
meeting.
Mr. EDMONDS, one of the committee of investigations
seconded the motion.
The CHAIRMAN, in putting the queetion, said that it
was not the intention of the directors to throw the slightest
obstacle in the way of the reception and adoption of the re-
hort, which they would leave in the banks of the share-
lders to deal with as to them seemed best. (Rear.) At
the same time he felt that it wee due to the directors to state
that haling se en the report only gnu it was hued ea a cir-
cular, they had not had time to give it such consideration an
would enable them to 11./111er many statements in it which
were open to correction. They proposed, however, to give
a detailed answer, which they would circulate with the
minutes of the present meeting, and for the present they
would decline making any reply to it, lest they might fail in
making it as °lmplore as the msterials which they possessed,
but which they bad not time to arrange, would enable them
to do.
Mr. MILLER rose to propose an amendment. In his
opinion it would be quits right that they should receive the
report of the committee of favestfiutin ; but it contained
certain statements which their chairman said the directors
had the means of disproving. Would it not be well, there-
fore to pause before they went the length of adopting it?
The directors promised an skewer to the report, and he
would therefore move that it be received and entered on the
minutes of the meeting, but that its final adoption be post-
poned to a future day, on which it might be considered in
cosjunetio• with the report promised by the directors.
Mr. HALLETT seconded the amendment, and com-
plained that the committee of investigation had not given
the shareholders data sufficiently distinct to enable them to
understand the position in which they stood. In hie opinion
the great nhjecto they should have in view were to ascertain
the mode by which they could complete the line at the least
possible espet.ce, and the curtailment of their present ex-
penses.
A lengthened and irregular diseuenks then took
place, in the course of which the directors were
severely blamed for not having taken mere
pains to ascertain the meet position in which this company
stood with the Great Western. It was also contended that
there was a legal and tangible claim on the Great Western
Company for 4 per cent. on the outlay en the line, but in
pursuance of the advice of the chairman and solicitor of the
eonspany, the gnostic= proposed by various shareholders In
reference to these transactions were not premed for
the present,
e being withheld until the ram di
the d to the report of the committee le prepared.

Mr. THORNYCROIiT (one of the directors) entersel Leto
an explanation of the caws which had rendered it impos-
sible for the directors to obtain the patentee of 4 per Bent.
an the money neemary to complete the line from the Greet
Western Company, and declared his decided *Piles to be,
that if the line were carried on to Wolverhampton itwoiaM
become the beat paying inland line in the country, both as
regarded rude and r traffic.
An amendment on Mr. ape's motion, that the report of
the committee be received and adopted, was them canted,
to the effect that it be received and catered an the minutia,
but not fleetly adopted until the let October, at a meeting 1
to be held at the SUN hoar and place,
_what the spay of
the directors is to be presented to Wrhomboids's, and se-
veral erroneous statuses* antedated he the report of the
committee are to be anested.
Mr. SMITH proposed a entice to the OM that the
Osaka of the meting be gives to the committee of haw &
=fee the seal and eticfeaey with whisk they had din.
their ditty, and that the directors be requeeeed to
take sash laseuree ae will users the appointment of three
of their lusher, Meese. Capel, Baker, and litleaude, as
&fasten of the erenuay.
Tide remiatisa having bees adopted, the badness of the
special nude, was t to a unelosion.
The kelf-yeady gm waft of the company wee then
held, and the secretary reed the thilewieg repute from the
direetan and engiseer.
The report of the directors stated—
" That at a special general Emmaus, held at Wangles, on
the Bth of June lest, a committee was appointed to Investi-
gate the affurs of the company; to that sentatittoe the direc-
tors have themselves gives every informable rushed from
them, and have also directed the secretary and Wm 081:421
of the company te afford all the assistance in their power by
the production of books and documents, to enable the eras-
matte* to orrice at a correct knowledge of the pa*
Lags of the directors, and the present position of reit
pany's affairs. At the request of the committee the diluters
have also submitted to the Great Western Company a
proposition to modify the terms of laming the railway, bat
which has led to so definitive t. In the mean
time the p. weeding* of the direness haw, in • great degree,
been suspended ; the operations arm the line have been ne-
cessarily confined, as will be seen from Mr. Branel's »pert, to
the preservation of the weeks ; and the diluters have ealy
to express the hope that the oemad*se may be measemtal in
divider the means by whist more active ormillises may
be resumed."

The following is the substance of Mr. Brunel% roped:
" Sinai my last half-yearly report, very little regrow has
hem made with the works. Every unman has been
adopted for sedation expenditure, sad securing the works
whisk had been completed. At presest the media way be
mid tabs entirely suspended over the entire ion but ars
overywhert in a condition to admit of lis4 tsly
minniod, if the moons should be found for doing ea. Prom
the Birmingham Canal at Tipton, to the easel an the south
side of Dudley, the works are prestically momisted ; and
the greater port is ballasted, end ready to =
saanest way. Thema to the site of the Stourbridge
a disunite of nearly four milts, very little is dose; but from;
Stourbridge through Droiteriteh, with the breath to Olga and
to Worcester, and to the juridical with the oat
Oloocesuir railway at Abbot's Wood, and ea to a
length of nearly 34 miles, the line is reedy to
the permanent way—the works being all sompleted, lemP
two timher viadaels, which did not hem part of tie
original contrasts, sad being works not rearibg any greet
length of time to extent*; they have not beim con•
manta, except the amainmenced, of the piers and abet-
meats. From Pashas to Shipton, a diseases et
thirty-four miles, the works are in a forward side; ant
not nearly so far advanced as upon the 34 miles Wan re-
ferral to. The Mickleton tunnel which is upon Milepost*a
is about half finished. The Charlbury contract, which com-
prehends the 12 miles next to Oxford, is the lean advanced."
It appeared from the balsam sheet appended to the re-
ports that the total receipts amounted to 1,565,1531. 3s. 7d.,
sad the capstan» to 1,632,0221. 12s. bd., of which the
following are the it...
Zapeastore to Clot Deecaberi 181,
bitt.T. tat Mit Dee., 1545, to both
Jane, 1649, as Mows :
Oontract wan £43,613 0 0
Load sad compsentica 16,034 0 3
- - 203 10

.11,434,593 S 9

Advertking, stationery, and Walker 247 11
Law &arm end parkkurishers a-
puns
le=erring.somencalkin, and whs.
8,924 12 1
Mario sad oaks axpeasse .......-- 833 1
TAWAS
Poore mak tithes, sad &gib MN 110 7
Travelling and iniesstinsoosezpsnaes 303 8
Lodi& rekrepdan
Wimp Gtr dchentarea. 147 15
Dalainro lowans 1,943 12
lama warrants 4,419 13 1
£97,429 3 8
Amount of expenditure to SOth Jana, 1549
Baknoe doe by bankers, and cash

i11,614,1h3 $ 7
The CHAIRMAN haring addressed the issedne briefly
in explanation of the items in the belanes-eisse, sad snug
of the shanholden haying expressed 41inedelestion at the
barge .mar of calls which had been efeleeell In nein un•
paid by who wen believed In be solvent, the report
was nd, adopted, and ordered In be printed toe siren-
Intim
Oa the saws of Mr. CAPIL, the thanks of the
wen le the dolman, for the Whole whisk=
ted thategbeat the day ; mai the preeleglose ticad.
nand soya Atm wen o'clock.

SHEFFIELD, ROTHERHAM, BARNSLEY, WARE-
FIELD, HUDDERSFIELD, AND 000 LB,
The half-yearly stsesies eras at Wakefield, on
Thursday—E. B. Berirstat, Nos., Is fibula..
The report stated, thet the dines= had kept their attest.
tion steadily applied doing the last haltlise to the pressen
of the work, at the see* sad of the lbw se es to haw it
isatpleted and ready/or eiteergets=rerrehe Tea-
Mho Company as the Ma suit, Me Ilse sti•
by the lose
IketNoway. The illeastees had
Cresseretel la is dews experlienre Si aE meek
Isespe Y IM Mu of lint, is seas et whisk the
ewe bonded had bees, is the Wisest el the direeters,
ef the meet eseebilest ehmeter. reCbsowle.to
the sat yebribil planer theissiseleassigirsi_nd kr
As elle of the Selles at int NM
ie 11=11.1.14 by wild=Wlll Tables Oesegesy
ed the prise of shat bag, mil walks of
Cislalka I awl the &restos hod thesilas se Pim
amillyells tbst the satire set et dis MO=
piano/ Os Whew wool mad themes,{ pima- I

te•l by the Lanatohire and Yorkshire Company. The calls
hlch the dir.ettme had made sines the last ball-yearly
meeting had been readily responded to by the shareholders,
and they bad the satisfaction to ewe that of the fifth call,
which became due since tie UNA early account wee circa
heed, they have already received 29,3111.10,. The directors
purpeee calling 21. mere on the 25th of October next, auk-
lag 161. 10e. paid up ; but they will not require the nmaia-
lag 21. until the early part of next year. It would be no-
enemy at that meeting to confirm the forfeiture 01 640 shares
on which the holders had failed to pay calls, sad to whom
the regular notice of forfeiture had been given. Oa 206 of these
shares 21. 12a, 6d. each had been pia ; on 190 mere 61. per
share has been paid ; on 200 more V. 104, has been paid ; and
on the not 'lining 45 shores 101. per share has been paid.
Some of them are forfeited at the request of the holders under
peculiar cireuntetaaces, and no let can accrue to the company
upon any of thrae shares.
Tito CHAIRMAN said that he believed the report
explained to them all that required explanation. At the
same time be might congratulate them upon the forward state
and progress of the r +Sway at the present time. In a very
few moaths—at teat by the 31st of December—the railway
would be perfectly la working order, and everything would
be completed.
The report Isseringbeen adopted—
The CHAIRMAN moved, that the 640 shares upon which
the calls have sot been paid up, be forfeited, and that the
directors be empowered to dispose of them.
A SHAREHOLDER said that he had bought about 100
of those sham, but they had not yet been transferred. lle was
willing to pay the calls upon them, and Aerators the sham.
ought not to be forfeited.
The motion was carried unanimously, and a vote of thanks
having been passed to the chairman the meeting separated.