The Express.
London, England, 1853-07-14 00:00:00

NEIVMARICET RAILWAY.

Yesterday an extraordinary general meeting of the
shareholders was held at the London Tavern, Bishopagate-
street, Mr. Fane in the chair, to confirm or dissent from an
agreemen• proposed to be made between the Eastern Coun-
ties Railway Company of the one part, and the Newmarket
Railway Company of the other part, for purchasing the
Cambridge and Cheaterford lines of the latter Company,
and working their Bury Extension line upon terms to be
get forth, and to sanction such application to parliament, if
any, as might be necessary to carry the proposed agreement
into effect.
. _ .

The CHAIRMAN proposed a resolution for the acceptance
of the terms offered by the Eastern Counties Company
with regard to the Newmarket and Chesterford and the
Bury Eltetilloll liars.
The resolution was seconded by Mr. ANDRRSON, • di-
rector, and after • short conversatioa, adopted unani-
thouely. . .

A resolution was also passed authorising the directors to
seek parliamentary sanction.
Tea meeting terminated with a vote of thanks to the
chairman and the secretary respectively.

SOUTH AUSTRALIAN COPPER MINI.VO
COMPANY.

The annual general meeting of shareholders in this
company was held yesterday at the office, 17, Graccehurch-
street, Mr. Tnobtrion in tke chair.
By the report of the committee of management, which
was submitted to the meeting, it appeared that the com-
mittee had exerted themselves in the first instance to place
the financial attars of the company on a satisfactory foot-
ing, and had sold a portion of the unissued shares at •
profit of 2,6371. 12s. 641., to be dealt with by the meeting.
Good miners, machinery, and staff had been selected, and
in consequence of the rise in the price of iron,
the machinery is now worth 1,3001. or 2,0001. more
than it originally coat. All the miners and staff had
been despatched per Ramillies (20th February), Caroline
(16th At ril), and Agra (20th May). Gold hart been dis-
covered on the banks of the Echunga, a river close to tae
compsny's property at Strathalkyn, but that would not
divert them from copper mining, which experience had
proved to be much more profitable than the best gold
mining. In conclusion, the report stated that labour was
becoming more plentiful in the colony, and that, generally
speaking, the report from the mines, and the prospects of the
company, were most satisfactory. The property of the com-
pany in Australia consisted of 636 serve, of which about
120 acres were laid out as town lands at Btrathalbyn,
a distance of thirty miles from Adelaide, a rapidly
rising and important town, to which there were
good roads from the company's property. The
next document read was the balance-sheet, which
showed the following items :—Purchase of estate, 20,000/.;
mine Recount, 13,8431. 19s. 3d. ; furniture (London),
1221. 2s. ; preliminary expenses, 1,1901. 17s. 6d.; balance
spinet persons formerly employed, 761/. 134. 711. ; ca,ll in
hand, securttiee, tftc., 7,410/. 195.: total, 43,329/. 11s. 7d.
On the other side there appeared—Capital paid in, 40,6401.;
premium., 2,6371. 12s. Gd.; interest, :W. 19s. Id. ;
total, 43,329/. lls. 7d.

The CuoinstaN, while moving the adoption of these
documents, took occutsn to read a despatch from Mr.
Phi!cur, a colonial director, complaining that the operations
of the colonial board had been cramped by their not having
received the stipulated quantity of 'trip, but promising the
writer's continued exertions. Mr. Pinicon further stated
that he should shortly visit England.
This gave rise to a long irregular conversational discus-
sion, which resulted in a general expression of opinion to

the effect that the company were released from any obliga-
tion to send scrip to the colony except at the market price
of the d y.
The report, balance-sheet, &c., were then put and
agreed to.
In answer to • question from a SRAREITOLDER.
The CIIAIKKAN stated Ott • gentleman, recently re-
turned from Australia, hid reported the company's mine to
be only second to the Burrs Burr.. in rrehoess. (Cheers.)
The meeting then became speeisl, and certain nen ssary
alterations were made is the cost books, after which 200/.
was voted to the committee of inanxgement, and the pro-
ceedings terminated with the usual vote of thanks to the
chsirman.