The Express.
London, England, 1849-02-16 00:00:00

SHARE LIST.—.6II
MOIL —The window at Use la
tersasaar: Sam et Ilse

?Ate,

---
IV Abordies
46 Amboy! Not Is Mei
10 Sir. WoL, Dr 4 coils T
cly.pd.or lota osar.l b.,.
10 Do. do.oostAtniVuar, 64p.
19. ar Wel & .g.V.07104 11
11/ Rirs.e Ur. i11.00148' ...
rd.• parr. ".1 Sy
ttioliVisettinter. 14161
6 'Doston,Stams &Dim td.
Ilrool ard Easier 'Bl .6
17i Do. Think, 874
1116•Ductinokamirlar*
011 4.1•1•4008. 144
111 Do. obscia
74 %matte. rrefer.not
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00 Cloister it llobbooil 211
IS Do. Preferawee .. 131 14
36 MAUI* Betil../uoc 6
U BAnt23t.LtElll.4D 3
W Do. 1114. 26
34 Do. imiocidpo.rd at I
03 loader n Comps, llll
10 Do.Newasat 141 11.6
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Do.lizt6po.l 64..
64 Do. do. .No. I gp.
Do.nmik:aap?

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De. do. Nay 1 p.
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De. do. ... auu 111 S&
D•• -•-• • C 11 LI/
110.44-Barppg.ep9
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21 greler.reseil. Dere Ilit 10
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t Do.do tli i poi Cl. ft
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4 Cl.6oslA&Wfillb9. 13 Ud. 1
10.66./tortig of MDPod 141 I(
13 D0.1iew.402...... •'64 679. 1
10 Du. Na 5.331.... 42 4.p. 61
A Do Nes.l2l. ... 'l9 21p. 21
LIAO Omit Wagers i.102 104
MI I Do. 11;m:
13 Do. 44.r00 lir
a De. lO n
li I Do. N 171- ily 111
10 Ihnielenteki *Alia,
40 Upll mod 08/19 ul 2n
26= Do tames. It 111
ill Do. O oloratiGi: it 12.
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03 Ls.robireizon
16 Dods. . 741
48 ' .14 1 8160;i1; 6 &I.
171 Do. t Emu ll
10 Do. Mu . ll 71.
di Do. Bistsoisiki I
16 Do Mk& . fi 0
74 Do.NevOiii.ol;ol
8 Do. W. 1L Mika i
46 Do.Proliiit Wry 3 sa
i9iv Lade and //04/104 16 92 ep104
70 Leeds owl Thine lB 28
46 De. list. . l6 2.1 d.
34 Du.a. Pli/ifirgi
31 Lir. eneoline*,
134 Loodon 4 Mikwa
. gi
42i Ds. EalPiNgsli.,.
bY b1a,0141004.0 04.136 i I I
11rI 96.61/4par.6p Ct ,9 It _
1 I Ds./06,11/00.1P.a. 10 63
RI D0.010‘1).(2.11163,10 IS
6 I Do.NowLigrAlp.o4 6
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100 Loudon iiii.Vo oteml
W 139 109 10
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I Do. Mils
U 110.4111. Aram .0-1 i
lo 214).101 24.,M &kJ a'34p.
I , Do.l4Latt..M ik. 11 b 3 Op,
1 Do.lul.sle..M ii II c' 4p,

RAILWAY MEETINGS.

(MAT WESTERN RAILWAY.

Hal J. yeasty Mtreting.—Paddington, Feb. IS. Mr. C.
RUSSELL an the chair.—The usual farealities having been
observed, when the director+ had taken their seats,
The Cusaamme said it would be obierved from the accounts
that the receipts from traffic during the last half year had not
exceeded, in any material degree, those for the corresponding
half year of 1817, although since the latter period a consider-
able length of new line had been opened; that if it had
not been for these new branches, and the discontinuance of
the system of return Sawn, the traffic even upon the main
line would have fallen short during the past half-year.
This could be ascribed to no other cause than the de.
premed state of the country. They must recollect
also that in the interval to which he was adverting,
the South-Western line to Dacha had been opened,
which had withdrawn a considerable portion of the Windsor
traffic, and that it would continue to withdraw it, particu-
larly until the Great Western branch into Windsor was cone
pitted. The directors had endeavwred to meet these diet
culties by every retrenchment which was compliable with
the efficiency and safety of the e .mpany's lines. They had
reduced the raunicg of trains to the extant of 780 or 800 miles
• day, and they contemplated still further modita tiona in
the arrangements with respect to the trains. (Hear.) Mr.
Gooch had been able to effect very considerable reductions in
the locomotive department. Although during the last I'4ll
year the engines had run over a diets. es considerably longer
than that woich they had traversed in the corresponding half
of the previous year, the expense hid bean reduced from
about 82,0001. to 53,0001. The directors had lately been
able to enter into new contracts for the maintenance of
_way,
by which they hoped to effect • saving of 6,0001. or 5,500 i.
a year. The cost of coke wee an item with respect to whiel;
ttvy necessarily suffered in any comparison between their
own working expenses and those of the northern lines. The
directed's of the northern lines were enable.' to procure their
coke at about 12a. per ton, while, as would be seen from the
statement appended to the accoun's, the Great Western
keelson had been obliged to pay from 21s. to 245. The beard
had,-however, lately entered Into a new contract for the
w•}}
of iffycoal at 2s. 6d.per ton lower than they had formed,
kr it. The effect of the arrangement would be, to enable
to obtain coke at 20s. a ton, and the saving accruing to the
manipeay
_from the new arrangement would amount to
ablest 6,041. a year. A committee of retromihnieut
had been sitting for several month' ; it had iasdtuted
• mien careful examination in every department
of the estabibemeat, and had proposed every reduction
whisk aseised=mt practicable ; and, with its emi-
sto effect a "rang throughout
chi wale of the &mimesis to the extent of about 36,0001.
alear. (Hear.) be proprietors were aware that the lease
of the Bristol and Exeter line would terminate en the let of
May next. Although_ they had not been able to
statism the lease et the Meta and Exeter line, they bad
entered into an affewpmeet for the common me by the two
empanel el the Betielnation. The accounts were to be open
to the impedes of be* eseapeaiss, and each was to bear the
elbe sinks in the precise ratio of the work which
=Lave been dose. The parochial rates which the env
pony were obliged to pay still °attenuated a heavy item in the
&sages. The proprietors were of course aware that active
dope WWI about to be taken in order to obtain a mid-
gnaw of that burden. He hoped that the legislature would
to disposed to ettend to them semi consideratioe,
what they wondered the very heavy burdens which
had bees east upon railway companies. By the deci-
sion ad the legislature railway companies had been
compelled to pay the most exorbitant prime for pro-
perty which was indispensable to their carrying est
mese weeks of national Improvement. They had hem
esamelleihe maks new liessand new branches as t e Wpm&
of peoltt.their mine against threatened eneroschmests.
The was laoadly enunciated in the Reuse el
Cane ewe although the legislature might have granted
mug Is
_mind a line of railway throngit:a
pest of lib marry, there were no reasons of public
perest it hem ranolissing another line running close
along side of it if they Weald think fit to do so.
Oa each 'Reseeding essmisa this company had gone to li
the legislature ter a new bill, which was absolutely Deets-
meg. end it Wheat eseepiled to submit to a considerable re-
eludeoldie sossimemegbaegm, They had also been required
be Illiddeisprimwaneeteseraly a remunerating rate,
will le Wind *ea each amommedation that not only the
peer, bat the inert aloe, welled themselves of third elass
eareiwa, sad travelled Amen free of *try. They had
been obliged W wry aims mil soldiers,and sailors and
puilween. IA halt the rates at which the while world
searedy be semeneratiee. Though they had provided better,
ineeper, sad min travelling than lad ever before been de-
vised, they bad, In addition to all this, been compered, by a
bill whisk-had lately paned, practically to ensure the lives of
tbille Idle travelled on their lines ; sad under the operation
dale bill they had beet amerced in penalties unknown to
the peak, and the spirit of the Eurlish law—penalties the
OEMS dyke& had been regulated, not by the poverty bat
~rswidth et the selsimants. (Hear.) Lastly, they had
boa mewed en the peer-rates on principles, which were
saw at she time when the Poor-lew Bill was.
pestel,liserial=dware way at variance with*, principles
whiereee epplipi to wry other enterprite indite country.
*vim edited net ewe &Wing to the charge Of any of the
thievish whisk Moir linespassed had been obliged to
=host iderteents ef the burdens of every ion• of them. I
li•1611 Willed that if they took care that the prayer of
their snake far relief in the matter of parish-rata was
inebeate and jest, and if that prayer were enforced firmly'

and temperately, their effort to obtain relief would be sue-
useful. (Hear, hear.) The question had been blurt
up in conformly with the wishes of the proprietors them-
selves, as expressed at several meetings of the eom.
push. and he had no doubt, therefor*, that they would
moldy give their assent to a proposal to attach the Seal of
the company lb a petition leach the directors intended to
present to parliament. He could not quit the subject of the
accounts without adverting to a question which had been the
subject of considerable dissatisfaction in the public mind—he
meant the discontinuance of the system of return tklem
The directors had resorted to that expedient with the gMatest
possible reluctance; but it was unavoidable. He did not
believe that either the public or the proprietors were aware
of the extent of the remission of charge which was involved
in the system of return tickets. The board had had an
account carefully drown up of the half year which terminated
on the 30th of June, 1848. It was found that the number
of ;metonym who travelled by the express and the ordinary
trains was about 230.000. Of that number, as nearly as pos-
sible, one half availed thiamine of return tickers. The
number of second olive passengers, constituting, of course,
the great bulk of the traffic, was about 1,050,000, and of
that number about twoothirds availed themselves of return

tickets. The system of return tickets *mounted pre:4lo6lly,
therefor*, to thu—that they remitted ene-third of their
charge upon bell their first-elus traffic, and two-thirds upon
their second-class trefhe. Nor wu that all. Hon. pteptie-
tore could have no notion of thn extent to which frauds had
been

practised upon them by the transfer and sale of return
meets—frauds which it was found impossible to prevent. The
.ystem of return tickets had not been discontinued for a
period sufficiently long to enable the directors to fudge ac•
carately on the subject; but they were keeping the most
careful accounts, and would be guided by the result in
determining what course they should pursue in future.
The directors took some credit to themselves ; they
had issued no preference shares ; they had never
borrowed one shilling of money at a higher rate of interest
than five per cent. They were enabled to proffer to the
proprietors a dividend of three per cent. oa that oceasion;
and considering toe extraordinary crisis through which they
hid passed, and the distracted State of the while world, it
could not, he though*. appear very extraordinary that the
dividend should have fallen from 8 to 6 per cent. The di.
rte'ors had kept faith with the proprietors by not introducing
a single bill Into parlismeet in the present "onion. As long
as it seemed probable that an arrangement might be made
which was contemplated by three of the principal emnpanies
connected with the metropolis ; he directors theughte it de-
sirable that there should be only one station at Windsor for
the use of the S:mth Western Company and of this
company, and they introduced a bill to "enable
them to carry that object into effect. But as soon
u it became manifest that the contemplated &range-
meat would not be carried out, they at once wadrew
the bill, and notified their intention to the London and South
Western Company. AU hope of such an arrangement was now
at an end. An opposition was got up out of doors welch was
too strong for them to stem. lie deeply lamented the result,
because he believed that they heed missed an nevi-tunny of
establishing, on the only fare and certain basis, relations of
peace—(hear)—and had lent the largest measure of economy
that was ever devised for the benefit of railway companies.
However, some slight advantage had accrued, even from what
bad taken plus, and the North-Western Company end this
company would now be enabled to make arrangements re-
specting some of the lines between them, which would save
a very considerable expenditure. (Cheer.) Although
the three companies had been unable to effect the con-
templated arrangement, they must in their rupee-
ties spheres each endeavour to carry out the same prin-
ciples u would have governed tnem collectively. Those
principles were, to suspend all weds" which could possibly be
suspended until railway companies were in a position to com-
plete them, and the country was prosperous enough to pay
for them; to avoid all new obligations, liabilities, and under-
takings ; to act upon a strictly defensive policy ; to engage in
no contests or litigation in parliament and the courts of law,
except to protect themselves against grave injury; to carry
out a system of the moet rigid economy ; and to adjust en a
fair and liberal scale the amount of accommodation ten-
dered and of remuneration received. (Cheers.) These,
he believed, were the sound principles on which every pru-
dent railway board would act, these the principles which
must govern a just and judicious legislature ; and while
strictly adhering to such principles, and relying on that
expansive and elastic propertl which belonged to the traffic
of a great commercial country like England, they might
look forward to times which would perhaps arrive slowly,
but which would, be believed, arrive certaiely, when they
would see railway property restored to ins former sound,
healthy, and prosperous condition. (L tad applause.) The
chairman concluded by moving the adoption of the'report.
After a few words from Mr. L. HEYWORTS, of Liverpool,
The Secretary (Mr. Sanders) read the following reports
of the directors.
" During the let half-year two det iched portions of branch
line were successively opened to the public, and worked in
eonnezton with the trains of the Great Western Railway—
the one on th- sth September, being 131 miles of the Wilts,
Somerset, and Weymouth Railway, through Melksheim and
Trowbr dge to Westbury ;—the other, on the lit Novem-
ber, between Reading aed B,singstnke, constituting the 15
miles which remained incomplete of the Herbs and Hants
Railway. While the accounts comprise the additional
traffic, and of course the working charges over
those branches it will he perceived by reverence
to those accounts, that the interest upon' the cost
of construction is also placed against the general
revenue account, from the respective dates at which
they were opened. In reviewing the income, it is to be
observed that the Great West, rn Company, aided by their
additional branches, have maintained, and in some degree
increased tiler receipts during the last six months, al-
though the general business of railways in the country has
fallen off, and this company has besides had to contend
against some special disadvantages the South Western
Company, at all events for the present, having withdrawn to
their Datehet line some of the London and Windsor traffic,
while the Southampton and Dorchester Railway has been the
means of diverting a portion of the Somersetshire end Dorset-
shire trade, which wed previously to pass through Taunton,
Bridgewater, or Bath, over this railway. Although the two
Great Western branches referred to have not vet been
opened long enough to develops their proper bodge, either
in respect of passengers or goods, so as to become remnnera-
, tive in themselves, there is sufficient indication that they will,
in due time, upon the revival of trade, contribute to the
general resources of the company, by attracting a coa-
siderable increase of trade to the main line, besides
defraying out of the receipts from the local traffic,
when progressively improved, at least a moderate rate
of interest on the coat, with all their working charges.
With respect to the general disbursements of the company,
the directors have the satisfaction of repor'ing that they
have been enabled to work the line, including those
branches, at a reduction of 14,0001 upon the preceding
half-year; while the total increase over the carrespoading
rod of 1847, working 53 additional miles, and support-
ing establishments at 'we've new stations, amounts only to
4,6501.—a sum but slightly exceeding the cost cf the main-
tenance of way of those branches, an item which has been
charged to revenue, even during the first year of their being
opened for traffic. The directors have devoted their atten-
tion, during many months, to a careful revision of the
general expenditure, feeling, under the less prosperous con-
dition 'of railway property in these times, the increasing
importance, and even necessity of making every practicable
retrenchment, calculated to improve the financial condition
of the company, without impairing the safety and efficiency
of the line, or the management of the undertaking.
The directors entertain a belief that the alterations and
redactions which have been determined upon will effect an
annual saving of about 25,0001. in working charges, exclusive
cf the sum of 6,0001. per annum, which, from the reduced
price of coals under the present contract, will be saved in the
oat of coke. Some of these reductions, it is proper to men-
tion, have been partially in operation during the latter
months of 1848, but the board is of opinion that by a
further modification .in the train', and other arrangements,
there may ctrl be an annual saving of 30,0001., as contrasted
with the expenditure even of the past six months. In ad-
ditien to this, there are some minor sources of income to
be obtained, irrespective of the ordinary traffic receipts
over the line,which will probably:amount to 3,6001. per annum.
The directors will not relax in their endeavours to conduct
the whole system under the most strict and vigilant econo-
my in order to Increase the prosperity of the umpany and
afford a proper remuneration to the shareholders, and they
trust the public will at length perceive how essential it is,
even to their own convenience, that railways efficiently me,-
=god should make an adequate return for their capital,
without which there can be no means of enlargiag or ex
tending those advantages. The result of the audited ac-
counts during the lest six months places the net sum of
223,9871. 19s. 11d. at the disposal of the general meet-
ing ; and the directors recommend that a dividend at the
rate of 6 per cent. par annum should be declared by the
proprietors, payable on the Ist of March in the usual way.
This will leave 6,2141. 19s. 11d. to be carried forward to the
account of** current half-year. Under the authority of a
resolution of the general meeting in August last, the diree-
tors have resolved to create, for construction of the Windsor
Railway, 6,600 new shares of 201. each, to be *met in con-
formity with the agreement, to the shareholders of the origi-
nal Windsor Railway Company,and to others; the said shares
entitling the holders to a rateable dividend only from
the time when the railway itself shall be finished.
In the' Berke and Hants Extension Act, ISO,' there is an
enactment to give effect to the subsisting agreement with
the shareholders of the ' London, Newbury, and Bath
admitted as shareholders of Berke and Haats Preference
lDwirturetpoßt•ti)l7iway virtue
of which
'ainalleagrt alsoeem entnienthetiyonat blotto°
Shares, of 5 per cent per annum, to the amount of their
subscription, which is about 460,0001. The climes in quo-
don are now logiertht to the attention of the proprietors, in
order that the formal steps may be taken to aathoriee the
aution of those Preference Shares to the amonnt specified
in the act ; for which purpose a resolution has been prepared
and will besubmitted to this meeting.
" Experience in some - shown'
proprietors of shares, upon
end paid up, have derived ,
of several denominations
stock, and the authority of i
by this company to do so, the
measure should be adopted
and 201. Great Western she
conditions of the met san be
that effect in legal form can
meeting, and if the proprietors
notice shall be given to convene r
" Warder.

piny .tidy i to
unverston. In the month a
Denthe a seepeny, requiring
e, kg melt half y- salty
ration of sn* MNN*
necessary expose% feemandt •-
. holders, which ue revoked 14
formation: and the &elms

companies having shows Sat the
dan ad tram a
"loaf wpor,,....thetc":llultatviinglonbalethilllibselic;on;63ll.lB: ;;;; ,......
, the diassears mom , . , • •:,
peed whit resPvet to OD ,mt, vs - •4' .
seuesealiam,....eibassayaebewil:F. ae km_
4.‘,.....r..1
...,.....1
r , • •, --•
'palatal mear is . 1,.., . . i,, :17
mew alteeralatil ,_ ' , . ve;,- •
..„ YI
ii.
easier Imo ni. ,- 1. 17-la •t, CC
1010etobsr, roar an a la. av-4a.
tg eepuste luta a • •. 4110.• 0
Sri i slaavtinfhptit the pii,p,_
izesiteani
n 1,:r! is as as-
=ma
Brastkrlmaum4tleliseited_ .
unutedasamoosilitingi 'hrs.

• . 4

-1
st, that the order for the separate lists Mould-De
re g le Me all-important sal jot of expenditure,
'l77iarl=ll mut aide mew their gempleint, so fn-
. onestly expeeestd, egainm to wpm which
atolnue to be seemed far stem Relief rallsel
=
whet as es=t, whoa lb. bM was
ems* he leg Le
t= stirys reieset r,
, at abw plea "Mee remseeltellis se set to
Cre•gelimposey--het es relief whatever bas pet hese ellodel.
• mistatiss will be Firma he is
semen seel
at the eempasy t!•ps to the et
praying ter same ramie he thet pleisessalueM
the master is et el—Millochlarlaisiadel We au th•
WM eibett_vely PI Imrsoy. "we
tad
es Weft MY swam
Teti. WS
he et ths estaPsy the Members
wore smissely espe he semo thes is esteameeteg to
smogs amisehisWadees with these ampseile whams wall-
ow appedwale to or messes wide the Great Wm
tees Ham la enable them all fe dispense wilt the
sudsy el SNOW set ahselately required for new lase,
se well as to wassaiss, by sailed establishes" tar
semis; at the haft of the mashy.
t Altheep sin
oss mea-
shams oversThrscedinstetsesuld ewer" so sostra, m-
es& he stpgpseeedeellealogromeest for the
fleselleatiss them smaggelm, they have the gratification
of Meth& tint Mere less seated nos peollag in parlia-
ment w: whir smile of blereet, as farm they OM per-
shish P.M to pooled' the hop of MeeMy sad
mompassits big asielotersealhe iialleaki
==staelleek amens bee" araiwaly with*.
cat - fatermie st thearklie, . The pee.
eel Gemella Mem. st se the mad liabilities
et die go=us:o.nontrahhed and desolated
mon the modem it uosseessor7 to dwell upon
that selevet Is tbls vomit.
These h se bil belie sevilemeat during this seed= for
OS sow newsy i a which this cempany is interested, and
fllis emly molosts is which they are at all concerned, is a
WE les meth, the Iltrethrilepos-Ama Canal in the Bir
Rowl Wed Railway Company, to whom it really
ell,aueder se sposseest with the Oxford, Waverer,
seei almehooMlSM Osepay. The resigned's GI Mr.
New Illeasot BOW, OM of the origind direeten el the
immaiy, „Ai% le pm me ", prat of his colleagues, awl
Itemeas meth by tairmity et Isaide to attend the board,
Sleised II mammas" to apt pother director, being •
papists" ruidest ,ka i limited distance of Bristol (the
sel sessithig her theaters so resident), upon 'which
ridden Mr. James Gibbs, lemony chairman of
the Pied and Imes Medway Company, was
letoieeellp WNW by the beard to 11l that vacasey.
At the pews meetiag three directors, viz.: Lord Barring-
ton, the imply chairman, Mr. James Gibbs, sad Kr.
George Jesse, of Bristol, are to retire by rotation. They '
have eivesally declared themselves to Toe candidates for
ro-iecties at this meeting.
Tree like sheriemat of accounts it appears that the
sem olgewled epos the revenue account amounts
to 215,0" I Is. Bd., and the receipts to 647,9181. 13s. Id.,
leaving a balance of 332,8211. 35. 6d. To this is
sided the balance carried forward from last half-year,
setssatiog to 7,8211. Ba. 7d., making a total balsam et
1160,•421. 12a. From this ram are deducted payments
he respect of the Bristol and Exeter Railway ; interest
}IT'S* te the Wells, Somerset, and Weymouth
Railway, for the line opened to Westbury ; and balance
of interest paid on beam amounting altogether to
118,8542. 12s. Id , leaving a disposable balance am the half
year of 223 9871. 196.11 d. The saeouat of the share @spits'
Gomm neat, from which it appears that 263,206 shares of
dill/met denomination. have been anted. The amount
galled on which dividend is payable ammats to 7,269,1001.,
there being still remaining 900,9001. uncalled. The din.
Send, at 3 per cent. ma the shares celled up, will amount to
217.7731 • conaeqsrutly the balance married leeward will be
8,3141. lite. 11d. The capital wows shows that the receipts
upon shares and debentures amount to 11,643,3671.6 e. 6d.,
end the payments in respect of the 2131 miles already opened,
together with branches end extension', and locomotive stock,
to 11,608,8161. lis. 9d., leaving a balance of 34,6421. Is. 84. '
To this Gatemen' of accounts are added two appendices. By
the first is Sewn the comparative traffic of passengers and
goods for the half-years ending 31st December, 1848, 1847,
mad 1848. The number of pamengers for the half-year end-
ing December 31,1846, was 1,604,102; for 1817, 1,842,221 ;
est for 1848,1,632,890. The number of mile. travelled were
Ike the three half years respectively, 30,467,166, 62,632,663,
sad 61.983,447. 'the quantity of goods conveyed for the
three half-years amounted to 175.188 tons, 203,009 tone, and
939,361 tons. By the 'mood appendix it appears that the
mesparative mileage travelled by the locomotive engines far
the eiwresponding half years was 1,346,311, 1,464,610, and
1,662,672; and the amount of mks eoneumed was 19,731
tom for the half year of 1848, 21,464 for that of 1847, and
26,346 for that of 1848.
Mr. D. HOWLEY said he hoped the proprietors would
streugthen the hinds of the directors in their effort to pro-
mote the interest of the shareholders as well as that of the
public. (Hear, hear.) He was no monopoliser, and was tar
hem entertaining a wish to see the public deprived of rea-
mumble accommodation ; bat he thought the public wa. very
ungrateful to railway companies. The public had twenty
times as mush acoommodati in as they enjoyed formerly,
and it became proprietors to look now to their own inte-
rests. (Hear.)
Mr. NICHOLSON said that sines the inning of the ae-
ons, she had compared them with the statement put forth
is November, and he regreved to find that there was an in-
set- e in some of the charges. It was true that the excess was
not large ; but, that thee should be any, was to him
• subject Mews',. For example, in the asee of the Berke
mad Hants railway, the cast set down in the November state-
meat was 340,0001, whereas in the statement just issued
the amount was 360,0001. Again, in the case of the West
London company there was an Increase from 34,0001. to
48,0001. He thought the 16,04101. sat down for carrying
stook should, with all &Nemo to Mr. Saunders, have formed
a separate account. He had heard with greet satisfac ion
that the number of trains was to be diminished to the ex
tent of from seven to sight hundred miles of daily travelling
There was room for a further considerable reduction
(Hear, bear.) Let honourable proprietors compare the
number of trains running between London and Oxford
with the number running between London and Cam-
bridge. At the last meeting of the Eastern Counties'
company, Mr. Hudson said he thought the number of trains
them ramming between London and Carnbridze, namely, 7 or
8, was more than was required for the traffic, and he pro-
posed that ally five should run in future. It would hardly
to believed that the Great Western Company was even at that
time running 12 trains daily between London and Oxford.
There was one other point to which he attached great
importance ; henferred to the express trains. Au opinion
was grid's, ground amoagst sdeatifio men that the enor-
mous speed of the express engines was rapidly tearing and
destroying the line. A late member of the railway commis-
sion had observed to him that it was well known that the
rails were being crashed wider the engines, more particu-
larly on the Great Western line, and that where are jump of
half an inch took place the effect was to an indentation.
He wished to know why the Ilse between' Fenny Compton
sad Rugby, which would ham brmight this company into
connexion with the traffic of the made of England, had
been discontinued ? In conclusion, he would suggest that it
was important that the Birmingham and Oxford line should
be opened as early as possible, seeing that 1,000,0001. had
bees actually expended nn the undertaking, and that this
company was paying 1,0001. per week in the form of interest
without receiving any advantage.
Mr. SAG N DRllB,the secretary, said he rose by the desire
of the "batman to give some explanations in reply to the
has. proprietor who had Jest addressed the meeting,
Rte air. first mask, la referees* to the alleged increase of
=lsthat the bee. proprietor had taken one single ao-
esistead of looking at the wholle. He could mane the
his. proprietor that in the ease of the Berta sad Haute Rail-
weg isle hod in fact bees no Mama In that of the West
Biter toe there was, it was true, as increase from
to $4.9711., but it arose from the Oat of certain pm-
I=
hobs: been purchased, and requiring be paitod tor,
r regard
....... mhos, the "deg :malt be seder a false its-
peedet II they imeipleed met Iwo maid set be some in-
soles wader that blob et the est sane I a entails number
of ei set meshes. width MI hoes endued would then
bepose tirefli_ but If the bum yeagelseer referred to
tithe Nmembie etthisi he treat had no km
Was • esk
MAK pat dews he loselastive slosh for the
otheathes Bess. He ill set with te deny that
Owe sight be a further diminution of the amber elegies
• we es the mat Use. OTC ham) Therarlas of
the Iftes sad ' which was a deepest. of
the Compteagt we the sole reason why
Ow bear set bees with.
Ns 311IINIL (the issistor) soli that es be bed ban
appeelsi to ea the sal.set et thyme troths he hit boast es
my see co two we*. First, with respect to the sealer of
hat. lis woad mem; Is the rennet of Mr. 0000111, that
the upon 'aglow of the emapay did mot prose mem
leek co the mile than either the ether of that
le
the .recd
ideas ether. at was a
=the ofaireasilway
_Cemmiesioa, wholZ
less referred to, might ham eatleitell himself, that the
=rtwthrows as the trivia, wheels was set so pest as
hieh pond spa other lima. Te sephese mob
width the last twelve mos" to ranh 'NI the mei-
poor e express Intim, were mush Ism deewletive
to the rails than those used six cc erns years bask.
Mc ET RD said that as a Imp ahmesislier set
&isms versed the &elm sob* pos.
is their ethrittow. He bed a reseistha to pro-
pos% shish wee Wei es the seesilly et laving a clearer
mei mite reabirstmy statement of eseents. It was se fol-
lows :--0 Tire a essmillee et showeiMiters be syytheled to
aspire hie the yeteMMy et a roaaelks el the we=
Si: av est, awl thio the 'went
tbe Great rot Rathrey, sof to rept tut
es this as well es ea tbs mode et
Se INAS, aphid est tamest sapitel_ qt the sompay,
eh& es easel seamoUy ea the mewl emeilles of tho eon.
te,t with referees" be he pesombes smi Ilahlilllso
Mr. ALLEN esesoded Se 1.111161111 K.
Kr. J. K. IMITTIIns thought it Pell be well it the
"imam watt state es the maim Wet they AM Mid the
=a, which they dyes eat is November, that the Mae
. adi it sills Limped, ere of the wail"
g ilOn SM.. to Is
bitFaming* akeenee es to the walling, the
, esserdet wiry wish ilia, espermai
... • , • • merle heatXr.Dt=ss,the elheAtlll
t A thosotsi the
. . 1 1iVra15"68112„m....-' 11,01.1htlarlirrise.traed et. the
r dOillilrgAiiraisess thelzraot
irtieribalVerierliwitgreib "Pict7beb.irt=
le a peados whisk had boa pet Is him