The Express.
London, England, 1866-10-25 00:00:00

4ZIOLO-ITALL4,

An extraordinary
WM hem yesterday. et the London
Lumen in the onsir for the per,
otherwise the special 'resolutions •
held on September 2d, for the -
the beak, with shares of less
tofore.

—ii-Mfingrrir having read
take the mediations as read.
The Crurnwan said he had
nity of eaplainin the nature
eons whidi had Wthiesi the

Asa be would M preeint isweent
that ea the peen, eeweles tbey •
nom the reeekasig More dem

out al 18,000 shareholden mom
their approval of this proposed
Waring there were so many gem
site se many as could poedUy
, at ones move that the resolution; pentertiks
extraordinary goners/ meeting of sinurehoidore age
London Tavern on the 2tith Sept., be oontarard, .14
11
=eke them special resolutions of the compeny We 4
solutions were spin token es read).
Kr. NICHOL wooded the motion.

Mr. thatwort autedit;wmeny of the 2,335 does
quired to be surrendered had been tendered, sad net
the average nee at whisk they were offered?
Captain Lams begged to state, as he did cei the hat
ocossion, that he entirely throated from the redeg, •
which stated that the lowest tenders would be empteg
He ecratmd4 as he had before, that the lower kegs
ought to bewbritfed to the whole of the shasrde„.
who should emir have an opportunity of tarring Wei
the amount of their holdings as that rate.
The ()HAMAN aid that 4.9674 shares bad heel rhea
and the price varied from 121. to 921, pee eheee,—i'a
average prim at which they would have to idle**
being about 16i. 10a. Aa to the mode of emeskints,
shares, no doubt they could have got these eregow
be them in the market, but that would or hamlet
mg, and therefore he wee sure no me mil
raave w="theur to adopt it : it therekes sewer ir
fairest way to allow all to tender, and rapt the her
and he certainly maid rot am that they mold het
adoarthy better course.
tdian Lwirs mid that if the circular of bey%
had stated that the lowest tenders would be =ll
should lime had no objection to Lake, but he
that some plan of distribution would be amused saw
quenly.
The Crantrear said be thought the emirs ci wok*
was turiversally understood, and that no huh* esge
would be required.
Mr. H. WATSON said he assumed, as a matter of sere.
that the lowest tender out of the 4,900 maid te
ciVEtraatramtho ailed if, under the system Ohre
tenders, some shareholders would not get more fortidt
three than others, and if it was fair?
The Camelia!? mid the system of traria, weed
understood, and be could not re anything eelek ik.
Yr. Stratum= asked how many of the &sorcerer
bad been tendered, and how many of them had hear
espied.
The edemas mid he was not prepared to annertig
question immediately, but any shareholder might Welk
information by applying at the Aloe.
arI=sLLCM mid it had been intimated tir kr
in
would be altered in the new company; bat rot
these resolutions were passed, there would be la Id
the matter, and therefore he should like to hey the '
the leavened alterations were. He understood the leee
tors bad given up their claim to a third of any Off Ilia
which might be 'rued in future, and he eugpsted thee,
they had a minimum remuneration of WI a meth
they should give up their right to a tenth of all the pib
in addition to that, after the shareholders had medic
per cent., so that a larger amount might be carded to as
reiNTVIL

--After some discussion upon this point,
The CHAIMIAN said the only two alteration cz
were that which had been named by
the abandonment of the directors' claim to d
any new shares ; and also, as it had been fond Senn
nient to hays an Italian and an English osamitissAg
F to weld the two into one.
ogma resolution was then put, Mr. Stransberg wises
spinet its being passed ; and m there WWI or nits
duseatimits, a poll via taken, when it appeared tints
shareholders only, representing 220 yoke, Nereid GM
names against the revelation, which wm timmple itdared carried.