The Express.
London, England, 1859-08-05 00:00:00

-i.4ilife-tis-16-171ii4rio71

sir IWNJIo do.faiL iiii Diij

This morning the fatereetiog oeremony of laas
the fortadation now d the &Web end For
&misty' New Training Cane for Female.) at Stockwell,
err performed by Let GRJUIVILLI, in the anevoideble
abeam at Lord Jobe ResaalL

Amnia thew pram were Lord Dole, the Lord Itayor,
Ike. nod • lame imabar et the Unlade and supporters of th;
tragity, as wane =mat the district clergy end the children
el the echoed& iliertly saw the time spocided the noble owl
solved, and alter the wag forauditiss he proceeded to lay
Os Mao videl was *ad =dr a tametay dacoraid
anluillgatigeoled tr/ Mr. L leglaran. al Landos-Inidge.
TMunman r. after the conclusion of the
einstany, deHraead as appropriate address, in the wares of
white les orated that 17.0001. would be required to aonsplere
the The bnikling I. to be to the Italian style,
sad Ass fabled yid accurueodate upwards of one hun-
dred uharaters.
_ . _

the eamehtikei of the ceremony . large portion of the
aemesteese timid to • specious pavilion and partook of •
*Maw.

NADIA!! IAILWAL-ITHIS DAY.)

The half-yearly mesh/ of the propitiators was
bad et see o'clock this ellemea, at the Landon Tamen.
The following I. the upset of the digesters
" The_ belt- report of the ItiffOOSl• to the inset-
fag c 4 airrehe ea as 6th irtW entries a garret
semastry of as Went, progress, sad resent sire of the
milereeldog, hem whir I
y; tht appears Mt the regrew of the
weeks Meg We post balf-year leas been eatiefeeterat
the terlie, aftwithetandieg the disadvantages emir
which it
stints plink ocetioues teintreses; and thatbythe ended&
yam as spedag of a considerable additiosal length ed the
Bee hen Madre' will give great additionsl mope ise it
I.IW limesee. The contracts of she company with the
eoverament emprzhead about MO Mee of railway, seeshll-
- Ihe ter la lias, realm south-west be.. Moires
Se at the MEW= onset, with its biashea to Dar
gnaws and Nagler, lille. thekingesea.thair about Ma Wks.
bed. The Berry, of saellwvoth entadles draw the
Animus s 42 thflee hen ea the meth Ilea
by Coddape sad fto Natigal. where it ail termjeralea with the Oust Idlen Penland* Ompay's
line
emir from Beeday. Its Mg* will be shad 110 miles.
In eefi m to the latter the neneys are not yet eelßeisttly
egmeed to enable any close Mimi ef its ore le be sled
; but Jeda:ag from the sharester of the cettatty te be
tmened, sod the Wormed= bakes the beard, it is net
erielperd ISM des line wills the whelp be more °spondee
in emermige the the strifeevrest or awls Ilan A capital
▪ 12,100,1181. Mahn. will probably be sellishet to mm-
pare Y In way voyest, including reabot ebeek. la the
whim etempeembses with the Bothnia Oseepsay
theresilig the min line, its cost wish the tainiai was
leas! at 4,060,0001., sed this enema vas ao-
ander the osnaeot to be Weed dor the por-
xl—everldeegiol the bet ben maw use" " Withal
mail," woe soled enu prieenued Menet el 41 is ant.
gar swim; is mow maths, termed let tension
=/^ sa • gamesiee of pro lest.; then a million,
"fed eregiaa," et 41 re amt.
.ed the last million,
termed " eta esterece," at 5 per cent Of them 01/CClO-
sive leas ef rime capital, the original, the let sad
the 2ed arming, have, es the ahareholres are aware, been
converted cinder the resolution of the last penal meeting
into rack, bearing the several rates of guaranteed interest
reepetively ; sad power will be taken at this meeting to
001111.6 the led exession shares, now called up in full, into
Mak also. The ears capital yet raised for the main line,
renew of the detesturee to be pretend, noticed, will then
meet of, say-1,6000001. 6 per cent. stock ; 1,000,0001.
if per ant. stock; 500,0001. 41 per cent. stock; total,
3,000,000/. ; laving one million of the capital origindly estb
mated still to be raised The program of the expenditure oa
snore( of this contract hare lately made it necessary to
provide additheal fonds for carrying on the works, sad
the state of the market beteg adverse to any fresh
Mee of she capital for that purpose, the board ban pro-
ceeded, under the rattiest of government, and in the
emcee of their powers under the Act of Parliament, to Mae
debentures, canseible into elect, to the extent of half the
rl useabscribed million of the capital originally
au= to be named. Three debentures are for five years
at 6 per cent. per annum Were, payment of which end of
the principal b gnenteed by the Secretary of State for
India in Council. The foregoing capitol named of 4,000,0001.
for the main line, taking the entire length with the branches
to be 615 mirk would give 7,7671. per mils, a the rase ef
mt. But the cost per mile of the section of WI .6..
etendlry completed and at work, lecluding statiom semi lb
rirrof general charges of every
ha. bees smartened, does not nosed 1151,=1:11;
which, If an allowance of 1,2001. per mile for rolling stock be
added, we have a total expenditure of 6,8001. per mile. The
amount of share capital hitherto famed on account of the
contract for the Beier, or N. W. lies. Is one million,
soder the title of " 4th extent= capital" cm a guaranteed
rate of Interest of 5 pee cent. per annum. Of this amount
=the deposit of 61. per share, or 23 per cent., has been
for : but the voluntary payments by shareholden is
ammtlelpatdoe of calls have been so oridderable as to render it
that a compulsory call on these shwa
should be request before the end of the year. The earth-
akar. on this hoe hitherto bon been lees than was expend.
On the let of July, 1856, the main hoe of the railway wee
opened for traffic to the Arcot station, a length of 65 miles.
On the 7th of Kay of the following year en extension to
Yellers took piece, maideg 81 miles open ; and on the 19th
of Kay of last year a further extension to Goriatturn, 96
miles from Madras. Beyond this point the line has
sotjet been opened for traffic. During the whole
the trains have bees run with greet bie-
Ci 7, and without; melded of any serious description.
The rates and fares of the railway have been hitherto en-
petintentel, Estimating the traffic r: cepts for the remaining
days of June at the avenge for the rest of the six mouths,
we shall have a total receipt for this last half-year of 23,8701,
With respect to the return which the part of the riles, now
open may be coasidered as yielding es the espitel invested he
it, this mast for the prevent h., in some inessere, a matter of
estimate. Bat tekieg the segregate cast se before stated,
at 88001. per mile, and seaming half of the gross Nedra
to renew the set renege, the calcelathe gives a teselt of
above 31 per cast. on the repeal. ith the exceptice of
engines and tenders, the entire rolling sleek le ceestrected in
the company's workshops, the iron work end fittiegs only
being supplied from this country. Reminder will be sub-
mitted to the meeting for the conversion Into stock of all the
Mares of the third extenake capital, In respect of which the
whole money subscribed shall have been paid up."
The Cie 41111 Alf, Is moving the adoption of the foregoing
report. reed the It wee cenfideely ex; .cted that the whole
of the hoe would be completed by the end of 1880.
The report was adopted., sad the proceedings terminated
in the usual manse.