The Express.
London, England, 1858-02-13 00:00:00

THE EXPRESS, SATURDAY EVENING, FEBRUARY 13, 1858.

NAVAL AND MILITARY.

(tlOll LAST NIGWeS 0412.171.)

W•11.0771C1, Am 11
Negtreest of Draeoona-Lowlshilta Setty, gent., to benne,
Meet ann.
Mean Tralo-Lbeesteat Thomas Wltebell, to be me. Yak vise
Q=l.l.minoteo Is she lot
boude-Ilajor and breeeleolottel Malin Milan L 46,
C. e., tu be liostatent-Moon, cutout purchase Nee Woe& pre.
MOW, 00 the tstat sebrineral Captain End Limmeatbeignel
ma ItarebOolmel Chem Memos 1.4.4 to he Map,. elliela
perebm, Ike all ; .41 lnytale an Stet-4114w
1414 TIMMS to to made sad Ilatereeteolooel, eltboot pen
ame, noe Lem; ltterles Wallaby ralumbank P.L. to Le 4E14
ad itemseek esthete Memo.
Leas lndier lands-TM ever of It. gantlemo appointed Gene
Ise hulas& " Stolre," set" 110kees."
140114=4 141-5444 0444 pen., to to soda, by Maim
n
tad Inglarat Fool-To be
.aptalne. without rumbas User{Laid OWN. Edwin ; Liestetaet Iteary Itreetesbal, Mee
464.
Ma. To be lemoisow. 'Minot torehaw-Lneles A. M.
eitariato.t.Al kW; Mego H. R. Tuner; Midge
H.
John William GOMM M.D., OYt
owl, to be reembe
Alt Wool.-CeptaaJo:Vnare N. 0 Brim. boa the 6th Fool to be
copula. .Mar. X. Doe, Mr num uppomn IMAM
31.1 Voia-Lemnot Home Lawn rwellrtr to be main, by
mama Na Mil who ultimo.
ifoot..-Umat.nant J ni n. 444. bbe aphis. 4441 purebeis.
nee Noyes. 1..44 u. Lwow:Ant OW 11. Lstrtoaro to be
=pleb. Itabout yurct I.lrtabletle, ebb pre sloe to 14
July, 1A57,1.1 ben e 5001.14 ; the tweerleo of lawasesst
law-
lip..s the eltb Joss, Las 7. b woneenke to Ospeels news bse
Mm Heene6 Atan e. Y 3.10.140 M she Yeek to be Mak
• 060.10.., teemed . ArtL o Runup, 084. SO be naga. by peer
den; 11111 set Tenets }al lent to be mega. name% We/ma
plot hoot-Masonst Paws steam rem Mead Wee ladle bb
6..11. 10 to 13.111011ut. TIM /lel who eadeaga.
nes etab Mem-Cbarlee Itarrime LLIWat4 mt., to toesage. by benthelite
beemb. brolote.d.
Voes-iteetis J. M. Covestyy to be loolment, oltloot
elan, WICO tibireepas,
144-EnAln Y. D. h. .414 le be hatatenest. by padre
nite Hielesen. prOeuted 1 Robert tlrgt ilaethoter, gest., le bear
Oen, by peretter. elee ASAms.
SCA 1... A -11bleb Coos, Mom gen. le be miss, by pseeben nee
Leaser. who Yetkes.
!led lon-Mbeasaatorgeon MOM John Damn, /LS, tram led
eadr, b ho eableramegoce, Omagh deemed.
Wee ren-bsege 1.11. MM. be be Heualeal ettbost garebeek
ke atearnalan, pmeeled tbe Mt Met.
I ▪ Yea-libigga Jame H. bantgass. from the TM net, to hp
des Is treeml4 le Lionmet Mena dal of be womb; pony
stet Telma.
Amok pal, le
gemein a no LooLoobe mama =oak in mamba li Maw
Orl root-TM mood MIME me of Zane Tbeeteld,, tap
pastel ta the Mt Imam M lgederse, sot Mean.,
Ileth lout-lhoctes Ilamtilm to to maim by maim
414 Mot-tit W
linne lOW et. , to be erma wanes paean.
nee Cada, appeased to be Wool
Mb Yea-MI.. T. A. D. 1114116• OR to teMette Per
am, elm lorese, brumnd to no 10th root 1444 A. W.
Oneolsk bon the Mb Vera le be Mega, nee litortem.
neb Ireet-Osposla 16.11 bra 144.41......1 Halt. latho, 4144 per-
dim ?lee 41011114; t Wades to to oap.
aft, 41144 . Aloha A. D. Loam to be
Tlltr=helxiliaLre..."ll.6l r.llAtarellide.te be Useloosek Mama pr-
elim net lY la the Illt Moe; 1144414 Anns.
gsla, le be mem Mime malmelm Howe.
Aleasaws neav a be mink by purnme.
ewe beede. Moe appiblebnil ea nerd bin, bee bean Cenoullell,
corm ep WMing preelenn died et 144401011..11e
• Yost-Sehp IL 1. Lerma Omar to le 'testament, mann
=ale It tMalita, prambed le lab Foot Man Jam.
an, tele imegaorineelyarebook nee Hower.
Item-ibles Mem Mos is be beeleggek Mien maim
• Wask.. Moos IA seam
syoreagmenver enema Gollan le be Nona win-
s ibe
Able lia-gbpaids lie
Wangs 11. Leap. ben bolf-pay of
leekemelsto: Lleeteme 0. A. llompan to be
mink by pen book Nee dm C. S. lam., who mina To be
Itatemle Mein peestate- Amens leti= gym. Hem,.
joss nom amps uraoo. be belillolllll. by pm
eme-lieden Jobe temenl nee
bed %M UM Uselowein Askew MAW Ilan, from
Mona yam not Mama, eaebeam.
Oies bleeelel HIM Ababsia to nattenent,
mama maim ,410 lea. pot
tnated SO tele: Mega
,•:•Willand.""TilliNCibe 11=Paoamtmiaa'neel"
Mem glo:Mter salmon am It.
Mgr IF
ilk Mary Tag* to be span, by par
dirk MeV= anHATT/1•106611.
To to Isetreaela of Menery.-aleale Sabel irk 11th Foot ;
TIM rout iiitsOlarle
6111n1losaltee
/10T.111. • OOLLAGE.
Owt
nes 11111na Mama as Nth Foot, to be MAIM to tho
Mom . ewe.

0=.9=1, igansra:7;ill;;To7C:tof be
szLiitoros.oti
doat.
Idto
**...*****t(t PITA err...AM
T. bo Aoitimatamteme to tLe torts—letemen Lietta Kerr, bee
Loos mom Loom .l. IV bitelte, Looleloi to Oa Ilith Coot:
woken Loteed bes. M.D., ,roe Libber, masted es the wet,
Rifts Patinerthri. mt.. vie PLY% applited le the lit
Foos ; jets . omit oat., Lee Iteee4=l to the UN
Fret; ALL aim Leopte. M.D., Lee oppoletod to
the Oa Feet; lime 11.tiotot. 11.11. Lee T plemetei la Le
tfolt; Obodill MOM litot. sea, Lot .purr le Or
Wet isms lostemt . Lloyd Lines . mil, Lot
ot legebied te thi =Foot ; WI LLI tin
olio Wl** .. se Lo Loyal ArLitrillinribm ./e4. .1)..
Lie to the Mb Foot; TWILL Mbar-
aims Leo Jarmo, viewed to Le IL Pow
MD, Lot PIMA ovrobtele to Ls Em
lofty Latta
saiterare Wthaeotrootatttear
A 1...
Leer
WILL. Ilmodoe. lA. etert=4 to lie
; Jame Lonor. imoTAIr.
WWI COIL. Pm. .10, to le de Mb
Le LW
Foot. To be ALL, LOLL LEL,
Theolore Ono, M.D.. Jame
TIMM a AAP 10Ale .
pe be ALL' /usurpLitletie— . Let :Ifterlebil
Hart prat; Sway Flettoot gait ; isee. ; Hsu,
Mama&
_rata.; Jars totabort_oni. Lem Ostlow,
OMI. ; vaserty SIMKO W=IM Oppidoingea ap
Mai INUMEMI7 mimes boon Qat Lot. 7. UM
BILMOT.
lietimmeeelooll AlsrarAse ilagooltaiLellturri be „„7,
wrakr= to be o*.
ilikbo be Weed te'LLemy. wb.
Le g t10...1.4.0.6..,0ebent et
The promelbm et JeLita Stetwit Weed. uneliesbot
le be Lied to ern to beer deft tbe lib Delmbor.llll.
el Le Le hoary. II tiktot la Ur Grab it tie MA Imbsb.
AD TY.
The hileelog geseelitee. Lite tie Li Irtiat. stet IS lbb
Mee. Sr atlALlALlell........l.ratmter lAN=
irmakem ....7.7sei an NA ; VlerAdoiral of Le
eltJana3aLse te biimbrolotiod ce Le Lift; PosiAdmital
Le Led V/ Jeer Jeirbeee te be •llSlNinillg OI 160
: UM-
Few
be be rewibblelbal
cif Os nd : lime aaript..rlis, Li, to bo Nor.
rioleal al Le ; =sitar a reertenteel se
Lie Lorne LC Lenses !died
II hest C.A. le be Mr
Y. Pa 4.
Nips et ILL LoiLL—LeatimmOodet Yew Prod: ter be erne
Itealieset ; Outtlemite Pies !!!tire ALLOW Utflp• to be mere
W
Ilesinist ; tiottletfte OWL Kew /Lre lemon to to Lord boo
ent

PORTSMOUTH, Faa. 12.
The Palmerston, Captain Seagrove, arrived at
Spithead at a late hour last night. She left Sydney on the
25th of October, and has had a very good pamag. home.
Only one death hoe occurred on board, via., that of a child.
She brings home Colonel Harold, Captains Peebles and Roo,
Lientenante Hartwell, Birch, and Davis, Emden Webb, As-
nial.ot-Bwrws Divorty, Mr. B. end Mrs. Harold, Igra.
Itannaell, and Mrs. Darla, together with 166 rank and SU,
15 women, 21 children, three officers' children, and two
hank servants.

CORK, Fix 10.
Capt. Hawke's troop of 3rd Light Dragoons, with
Lisnterent Murphy, left by special train for Limerick yes.
arday, to keep Ur peace during the contested election.
Her Majesty's ship Hogue riled for Plymouth from
Qnseasamrs en the M.

The MR given by the pikers of the garrison in honour of
the ineeringe of the Princess Royal Wise place to-night at
the Athenaeum.

New erase COll3Oll AT SANDIIVRAT. Lieutenant-
Colonel , KM,
as been appointed Professor of For-
tification, end Maanwaring, 8.A., Professor of Mili-
tary fidesey end wing.
In consequence of tie arrangements for the Staff College
not being yet perfected, the officers of the Senior Department
have lad their wombs eseended a fortnight.
ROTAL ENOINIZRA.—LAIPAAAASIVCOIOItg• Wynne,
late Commissioner of Railways, has been ordered to replace
the late Lieutenant-Colonel Lugard at Hong Kong.
nal Tucker was killed at 7smaica by the Wling of an iron
target upon him.

On Thursday lut the Royal Boma Light Infantry
cemmandod by Colonel hie Grace the Duke of Rich-
mond, S.Q. (now quartered in the Western lirightebernicka,
Dover), wee c.lled upon to give its quota of volunteers to
the Guards and Line. His grace having mode a patriotic
address to the regiment, so lees than 111 eve immediately
stepped to the front, time yelenteering for the Grenadier
Guards, soma fey the Artillery, and is.. for the Ruginesra,
but most of them for the o/nd Light Infantry, the regiment in
which the Duke of Richmond served daring the Yeahmeler
War.

DIM or ADMIRAL Jour; BTria.—We rivet
mineanos the death of Admiral Join Sykes, whiolt event
took yiecie inlay .estorday morning, at
the
reeidomos In
Wiltertmratio. Thie death will ommelon the promotion of
Mr Fleetwood Polley to the rank of admiral:of Rear-Admiral
Hops Joiamess to that of viee-eindral ; and of Captain
Rieheei lehd Warren, C. 8., to the weak of rear-admiral of
lb. Was. (pepsin Richard H. arim e on the reserved
IfiL It will also place another sw peadon at the
at the first lord.— nos 4 ad &meta
Palmerston freight-shipetwfvad at Spit-
ball yestirdar with the reemindwr of dm from
=, rounded Cape Hots ea the M d Dessaber. In
63 B. the ship far In dm was a♦ a vary critical
being sorroomiat by a umber of isalrep
mita very thick sad !bay walk, ; wink
Malsom mertk-esst. me, kw wisp wed
a maids Meth of the Ile *meet Gem
mad javarratka to avoid. es la deg AM
tithes swim 1.• aloaatilas walk* bessfavmo tea mid
tliveagh the mißt, .11 on board hurley thestkal
=l:llt"they finally lost pelt of shim

TM OITYWAID AVITILALIke MAIL—The
ILA Coopsoy's stem air Twist, Caleb Talci!.,:t
speibmersa rstaffelt ititi the imindilszAssirsilia oda,
so smogs edge, WU *massy_ , 12, awl SI
as. soma when en Owed iltishmar hody,=:
Clel. Cod, Nark Temeholl, be. The mg deepsead by
as Todd was as head ear baswo. It eadood al
ad ban sal mobs d hansom& osermeres. There wen
I/ Mod d Moms sod fa bum d aawrimera. Wealth-
ehadistradialros was may SO bard Idled sod sear
by diploid ma add to as Thar
WI: lionba, as llooky ma seat by the Twat Feder-
da oadeled al two buss d Wows sod 12 boas se war
IV
Wag, the actuary of the
sop University Life
01iee, hes body hosed as Ed emell yhorest le Ids
Ma theraislies Nib& The mod el the esdnold
WOWS ble &sib boa ads& Ufa, last the yoke al
100 i. et *he sea Ada hr 12.$ b wog* I°64* el' I I
We Oat dot tare ads b nod taweh praos. dave
I.
sod 16 pm essezeiirad the ad 12211, viva

Rain imam=

EQUITY OOURTB.--Fia. 12.
Pairs ties Lands Justices of Apra)
RI !AVIV SILLIRS IN 111 asitzas, A BANKRUPT.
Yr. Bram, Q.C., appeared it support of a petition of op-
peal by the bankrupt from a decision of Mr. Commisioner
Goulbuni, refusing the bankrupt both his certificate and
protection to his person. The Commiasioner had proceeded
fa his judgment on the ground that the adjudication had
been, in his opinion, obtiesed at the instance of a friendly
creditor by procure:neat of the bankrupt, and that, though
there appeared to be debts to the amount of 11,0004, there
Ina no state or assets 01 divide amongst the creditors.
Lord Justice Knight Bruce made soros remarks, the
elect of which war, that the commiasioner's decidon remain.
unaltered.

last few days been a winter in at action "Ashley v.
Chat:m.7," in the Quesn's Bench, when he Masa that hie
acted ule contained blunders. • He alluded to the omission of
two debts, one for 461. and another for dl.
Mr. Lewis celled the insolvent's attention to his ap-
pearance before the Bow-street polio, wart in connexion
with some bills of exchange accepted by a gentleman named
Conrtscay, and he wished to know whether he did not hold
the bills.

The insolvent mid be was prepared to give up the bills to
Mr. Courte•ay.
Mr. Lewis asked him whether ble solicitor had not made •
claim of 701. on account of the bills.
The insolvent said he had no claim on the bills. On being
premed on the matter he declined to =ewer the question,
as be might aiminate himself.
Mr. Commissioner Murphy told him he was bound be
answer, because, if be had any interest in or claim upon the
bill., the money would belong to hie creditors.
The insolvent repeated that be had no claim on the bill,
and denied that 70/. had been claimed from a gentleman is
Linooln's-inn•ilelds before the bills could be loran up. He
mid the bill were to be discounted, but Mr. Couromayaltered
his mind and would not pay the sum required. He (insol-
vent) had not made a claim of 701. as commission for attempt-
ing to discount the bills.
The Court adjourned the case to the 12th March to amend
the echealule, remarking that the bills bad better be brought
into court for Mr.Courtenity, and if any sum was claimable it
would belong to the creditors.

012L1T WTBTZAN 1241LW4 T.

•
At yesterday's meeting the the add the
shareholders in exporition of the affairs of heed
spany, commencing, by a brief Merest* to the re-
cent monetary crisis sad its necessary effect upon rail-
way property, and then stating that when the fact
was taken into consideration that during the past
half-year interne charges had for the first time beers
paid from revenue, amounting to about 66,00 W. over
the previous lurlf.year, the shareholders would give
some credit to those who had put forth such a statement
as that before the meeting, which, although perhaps not
perfectly satisfactory in all respects, was much better than
could some abort time ago have been expected. (Meer,
hear.) Thee, pasting to a promise previously given by the
board, that four men of beanies, experience should be added
to the direction, be said negotiations were pending which ha
had no doubt would result in ddt'ng to the board Mr. 8.
Baker, Mr. R. Brown (solicitor), Mr. Lmtng, and a fourth
gentleman, who would be a valuable scquisition, but whom
he did not then wish to name. (Hear, hear.) With regard
to recent expenditure upon works he explained, that the esti-
mate of 1.698,0001. made by Mr. Walpole for the completion
of northern lines of 1,645,0 M. had been expended up to Dec.,
1857, and 62,152/. yet remained to be expended, the elem.
of itzturd expenditure over the estimate being only about
9.0001. Upon this subject, he added that there were sur-
plus lands to be disposed of, which the directors would
realise as speedily as they could do so with advantage. In
economising their expenditure, the directors bad reduced the
number of trains, and so increased the profit on each pas-
senger serried, without at all interfering with the public
convenience ; sad title reduction might be carried still further
if certain negotiations pending with the North Western
Company were carried out. (Hear, bear.) The directors
had also found it advisable to reduce the number of persons
employed at the various stations, and they bad dons this by
amalgamatingm the passenger and goods traffic, which bad
tamerly been aimed separately ; but they had not
thought it expedient to introduce say forced reduc-
tion of salaries among their servants lest they
should impair the efficiency of their service ; but
he thought it necessary to state that Mr. Bsanders, their
,1 secretary, had himself suggested that, if any reduction were
thought adviseble, his sebtry should be reduced 20
per cent.—Qoud cheers) ;--and the directors, to carry their
economy still further, had resolved not to accept any re-
muneration for their own services for the next half year.
(Haar, hear.) With regard to their connexion with other
ecempanies, the position of the company might be regarded
as generally retsfactory. Some of the shareholders had, no
doubt, been alarmed during the past summer by the an-
nouncement of some of their trains being ran at unremu-
nerative rates. Undoubtedly it was so ; but it originated not
so much with the competing companies themeless, as with
third parties. They had been competing with the canal
company in the iron districts, and when the Great Northern
entered into competition with the London and North
Western for the Manchester traffic, the Great Western were
forced to enter upon that competition also. Immediately upon
this, Lord Ovandos wrote to himself and Lord Barrington,
to meet him upon the subjort. They did aro ; and, fortu-
nately, as a consequence of that meeting, the competition
was prevented from extending beyond the Citrate in which
it then existed. (Hear, bee.) The canal had also agreed
some time ago to endeavour to settle all difficulties existing
between them, but at the last moment fresh difficulties pre-
sented themselves, and no definite arrangement had yet been
arrived at. The directors had been in negotiation with the
Oxford, Worcester, and Wolverhampton Company, with a
view to work on friendly terms with them. To do this they
had given up their claim to have the broad gauge laid down
on that line, but in return it had been agreed that the Ox-
ford, Worcester, and Wolverhampton line should run their
narrow-gauge trains from Oxford to Birmingham in con-
nexion with the trains from London on the Greet Western
—(hear, hear) ; and there would also be a special
claims that neither company should enter upon the
execution of new lam competing with the other
during the nine years for which the agreement
was to last. (hear, hear.) The least satisfactory Mate of
' their relation. with other companies was in connexion with
the traffic to Reeding. The directors had offered to submit
the whole question to arbitration, but the South Eastern bad
not yet thought proper to accept that offer ; so that com-
petition must continue, which was injurious to the Great
Western, not so much in • monetary point of view as from
the inconvenience to which it gave etas, from the desire of
passengers to change trains at Reading, in order to be carried
'on the lines of other companies. Beyond these matters there
were no details upon which he wished to enter then ; but he
held himself open to answer all questions which might be
' put by shareholders. The directors would promise to conti-
nue for the future their beet endeavours to promote the inte-
rests of the fine, and would grudge neither time nor trouble
is doing so, and in return they had to request that the share-
holders, without reference to bygone times, would give their
confidence to the management, and so aid in promoting their
own interests. In conclusion, he moved the adoption of the
report.
The Rev. Mr. NICHOLLS seconded the motion, expressing
his regret that the salary of Mr. Saunders had been reduced,
SR well as at the fact that the directors had resigned their
own remuneration; because he considered that neither in

the one Cabe nor the other was there any over-pay.
This expression of opinion was met with loud cries of dis-
approbation; and
A Psornigrou charged the directors with extravagance
in leaving Mr. tkonders still in poses don of a salary ex-
ceeding that of some cabinet ministers. He also blamed the
directors for carrying forward a balance of 20,000/., instead
of making it evadable as an addition to the dividend ; and,
as an amendment, moved that the dividend of I per cent. fin-
the half-year, recommended in the report, should be increased
to 1 per mint.
The amendment, however, was not seconded.

Mr. Omni, expressed hie opinion that the salary received
by Mr. Saunders wee not too much for the services rendered
by that gentleman; but at the same time intimated his con-
viction that the offices of secretary and general superin-
tendent ought not to be held by the same individua4 and
that the sooner Mr. Saunders was relieved of one of those
offices the better it would be for the interests of the company.
(Hear, bear.) The speaker then entered at great length into
the consideration of the coal traffic aloe!, the company's
beta and pressed upon the attention of the directors the ex-
pediency of making some more advantageous arrangements
than those now in existence. In conclusion he congratulated
the shareholders upon the addition which had been made to
the direction, but warned them net to be too wagon», and
not to expect a See per cent. dividend in consequence the
next half year. (Cheers and laughter.)
In reply to Mr. SZAOSR,
The Cnaintextr said he had good hopes of getting into
Manobaster, so as to carry trate from that city to Southamp-
ton without change of gauge. From this he expected acme
blame of traffic, but he would not pledge himself as to what
that Junius might be, . _ _

Mr. SEAGEIL 'appealing to the shereholders, demanded
why they met in that spacious hall only mice a year, which
was virtuelly their only meeting, for the London shareholders
were too idle to go down to Bristol,end were far too resoles ht
their watchfalnese over their 24,000,00 W. of capital. (Hear,
bear.) The directors, in their report, complained that they
had greet difficulty in meeting with three or four men of
Wainer to supply the place of the directors who went out by
rotation, and he thought they weld only have made each a
statement because they did not know the shareholders—en
evil which might easily be cured by more frequent meetings,
say three or four intermediate meetings In the year.
(Laughter.) In conclusion, he called upon all those who
were in favour of such a motion to hold up their hands, but
only a very few hands were held up, and the attempt, with
he result, was met with roars of laughter, and cries of
"'Order, order—chair, chair."
A scene of genuine " Great Western" confusion followed,'
which Major Court endeavoured to dissipate by addressing
the meeting upon monetary topics; but the shareholders pro-
tested that be was only wasting the time of the meeting, as
he spoke too feebly to be heard ; sad he was desired, as the ,
beet way of making his sentiments known, to " put It in
print." He, however, persevered so far as to make it app-
perent that he wished to move an amendment to make the
dividend at the rate of 21 per cent.
The CHAIRMAN told him he must put it subsequently an •
distinct resolution.
Major COURT, however, per against hope, and not
being able to make himself amid the tumult, a gentle-
man with a rather loud voice came to his relief, and said
"he wished to make the meeting understand what Major
Court meant to may." But upon this,
The Rev. Mr. NICHOLLS ran to order, demanding of the
chairman, amid roars of laughter, whether it was allowable
for any shareholder to speak by dilty
Major Court then gave way In doped, and
A SHAREHOLDER with stentorian veins and herculean
action vehemently attacked the directors for not securing a
ordinariOn with the North London line, and so a large
amount of suburban traffic.

Mr. Nozzle, M.P., then rose and restored the feeling of
the matidng to its equilibrium. He thanked the directors
for their announced intention of turning to yfoat the nuke
Lads alum the northern lines, and urged upon them the
necessity of securMg some better communication between
Paddington and the beset of the City. (Hear, kw.) Hs
did not propose that they themselves should construct a new
line, for they had already made too many ; nor that they
should guarantee another company, for they had guaranteed
too many ; but he thmot that if the oarriage of the vest
quantity of goods sent from Paddington by vans into the
City were assured to any now undertaking, us MN=
would be experienced in Wing • tomppeanny to
• line. With to the lion of = ana
ardirectorn the oehy of fain each men name Ow lbe
want et sampan umaninniten_ ; end he hand with
that the directors had siandonei the tiling OM la=
they were entitled for their endue—ka the dimitiboilliew
wirdo=l upon it that all
work.cod =it e
Afro
be a good-for-nothipi.heat.) At the beit a
paid board be trait ban, a pia vile al Swami d
the year droll tective such a sen—teet me gell einvent—
le WOW ha a temeettal acknowtstrneet et hie elleinien
at bend sad eviedttee melba and hie shun deny
aztrvYen at their Gallia (Mew, hear.) Bellarbg le
the caaveyenee_ stip*, Y deeenentd the adding _
mats es a abrading aimed le the erefadlee et _
ayrin kr the peed Ile dionad
Is Ihn voirAlma tf the
mai yew fry mow ot canzi=ge.o
able enennemneeihellir le fink
beer.) L eindeinel d the 60 paid la
veyeaesaisilirasses, end of th• soda in winch
IMO

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their remuneration, ,eked the shareholders whether the,
would allow therm to do eo. (Emphatic cries of " No, no.")
He advised them, the proprietors, therefore, to increase the
sum of 1,8001. now set apex for the directors, to 2,6(101.,
which the directors should be allowed to appropriate among
themselves as they pleased ; and be had no doubt the few
paltry hundreds to expended would be returned to the dare-
: holders in thousands. (Loud cheers.)
The Cnstaxater explained that the motive of the directors
in giving up their remuneration was to show to the servants
of the company that they wwe in earnest in their views of
ecoeomy. Atter the next half in
the allowance of 1,8001.
would be renewed; but in reply to the summation of Mr.
Miles, he must submit to the proprietors that the present'was
not the time to give additional remuneration to directors.
In reply to a proprietor,
The CHAIRMAN said the company bad some claims against
the Midland Company, which were before • court ; and for
beenthe spes•y settlement of which controunicstions bad lately
eld.
Mr. BARER (who retired from the board three years ago)
explained the circumstances under which an invitation to
return had been given to him by the chairman, and inti-
mated his willingness to do so, If he could be elected un-
fettered, beyond his pledge (then given) to make the most
marching inquiry into the finances of the company, with the
view of improving the confidence of the public in the com-
patsy's stock.
Mr. BAVNDMRII, secretary, after replying toe question put
by a shareholder, expressed a wish to go into explanations
upon a subject personal to himself.
The opinion of the meeting appeared to be In favour of
this course. and .

Ths CHAII:MAN concurred In its propriety. Bur, fired,
that gentleman explained that the 5,000 i. acted at the pre-
vious meeting to Mr. Saunders had been recommend by
the directors, in fulfilment of a pledge given by Mr. Rumell,
which they felt could not be violated.
Mr. WILLIAXS a director, and one of the committee to
whom the grant in question had been referred, gave the
reasons of the committee for its recommendation, amounting
in effect to an opinion that the payment was for a debt for
services conferred.

Mr. SAUNDERS then rose, amid mingled cheers and biases,
to give his explanation of the circumstances under which
5,0001. had been paid to him. He received it, not as •
gratuity, but in payment of a long-standing claim, arising
from a promise made to him, not only by Mr. Russell, but by
the other directors of the time, for actual services. He had
been in the service of the company for twenty-five years, sad
for many years had filled the situation of general superin-
tendent as well as secretary ; not by his own wish, but by
the unsought vote of the directors, who flied his salary at
2,0001. For fifteen years he was the only servant of the
company who received no increase of his salary, although it
was true that at Bristol in 1845, 300 of the 201. shares of the
company were voted to him without his previous knowledge
but those ahares, insteadshares, of being • reenetvi, became a lees to
him, for he took the shaded par, and paid B,oool.upon them.
Long as he had been in the service of the company he had
saved no money, and in addition to a heavy insuramis he had
had to pay 4001. or 5001. a year of incumhancee' out of his
salary. With regard to the services for which the 5,0001.
was voted, he had saved the company from an annual pay-
meat of 300,0001., and from an outlay of 10,000,0001., when
their consolidated dock was only 8,000,0001.: and for his at-
tention to these lines it bad long been settled by the directors
that be should receive a remuneration upon their completion.
Those lines were completed in 1857: and upon mature deli-
beration the directors had decided upon a vote of 5,0001.; but
he now looked upon that transaction with more regret than
upon anyother event of his life, and he hoped the meeting that
day would give • decided opinion upon it. (Mr. Saunders
resumed his seat amid loud and long continued cheering.)
Viscount Banamorcon, after the manner in which the
subject had been received by the meeting, thought they did
not wish it to be pursued any further • but se chair-
man of the committee to which the grant fled been referred,
be deemed it necessary to say that on the lines referred to by
Mr. Saunders that gentleman had saved the company. in
salaries and management alone, upwards of 30,0001. (Hear.)
The CHAIRMAN then, in reply to queetions said the coal
traffic arrangements previously referred to would not be con-
tinued if found to work disadvantageously ; that the directors,
although anxious for a better communication with the City,
bad declined to contribute towards the stock of, or give a
guarantee to, the Metropolitan Railway Company; and that
advertisements had just been published for issuing deben-
tures at 4 per cent. instead of 5 per cent.
The report was then agreed to, as was also a resolution for
declaring a dividend at the rate of two per cent., payable on
and after the let March next.

The four reiirlng7l;ectOra--viz., the Chairman, Captain
Bulksley, Mr. F. N. biteklethwatte, and Mr. R. P. Smith—
Were then re-elected.

Mr. M ILRLS then moved that the allowance to the directors
should be 2,6001. a year, to be divided by them se they
might deem beet.
The Bev. Mr. NICHOLLS seconded the motion, which was
agreed to almost unanimously.
The CHAIRMAN then moved a resolution empowering the
directors to construct a narrow-gangs junction at Reading,
which was adopted new. eon.
Mr. Mitre put a resolution to close the capital exeunt
and prevent the directors from entering upon any new weeks
without the sanction of the proprietors.
The CHAIRMAN said such a resolution would act very
inconveniently, as it would prevent the directors even from
making a aiding ; and after a brief dismission the resolu-
tion waa withdrawn. At the same time he assured the
meeting that no new line or undertaking of importance
should be entered upon without due notice bring given to the
proprietors.
The resolution was then withdrawn, sad the prc :eedings
I ended by a vote of thinks to the