The Express.
London, England, 1860-02-24 00:00:00

LADY FRANKLIN.

The Town CLW reed a note which had been addressed
to him by Lady Franklin ne follows :
" Lady Franklin presents her compliments to the Town
Clerk, and begs him to do her the favour t 4 transmit to the
Court of Common Council her respectful acknowledgment of
the resolution of the 19th January last, and to assure the
court of her deep souse of the honour conferred upon her by
this expression of their condolence end sympathy,'

rsa XITILOPOLITAN ILAILWAt.
The oourt having at their het meeting authorised the pay-
ment of 60,0001. to meet deposit* and calls upon the 20,000
shares taken by them in the Metropoliiiin Railway, it now
devolved upon them to cheese "three directors, and forty
member* of the court, to attend and vote at meetings of the
shareholders of the kletropoHten Railway, in accordance with
th• teems of: the agreement between the corporation and the
said company."
There was • long preliminary diecuraion as to the mode in
which the election should be conducted, in the course of
which it became apparent that many members of the court
would like the putition of director, upon the amount of the
honour attached, while • lively inierest was manifested by
other*, whether it owl led any sad what emoluments.
Some doubts were also espreeeed as to whether the three
directors, it elected independently of the forty shareholders,
would have aright to vote at general meatinge—a point
which, from the wording of the act, seemed to be involved in
some obscurity ; and • suggestion wee made that it should
be referred to the law ifiloers of the corporation for their
opinion before the election was proceeded with ; but before
soy conclusion could be:arrived at, the Recorder (who had
prevlonaly been absent), lookit g at the act, said the provision
was that the court ahould proceed to the election " as soon as
they bad subsenbed for the 20,000 shares," which they had
not yet done is fact, although they bad authorised the pay-
ment of the money, so that the whole discussion was pre-
mature.

This announoement put an abrupt termination to the
diecuesion, so far as regarded the immediate election ; and
the whole subject was reterred to the consideration of the
law, parliamentary, and city courts oommittee, after an ex-
planation that the sharer, owing to a Me legal ceremony,
bad not yet been transferred, although It was expected, when
the agenda wee brined, that they would have been so, and
the 61,0011. paid before the meeting of the court.
Before the matter was finally disposed of, Mb. De JIMMY
gave notice, amid loud cheers, that upon the appointment of
the director, he should move that any smohuneats they
might derive from the office should be paid to the credit of
the City Freemen's Orphan School.

THE PROPOSED CITY PAUPER LUNATIC ASYLUM.
Mr. Deputy DARIN brought up a report from the Special
Lunatic Asylum Committee, recommending that steps should
be taken to introduce a clangs tato the London Corpora ice
Bill to give to the court the ooutrol of the Pauper Lunatic
Asyltua about to be erected at their expense, a proceeding
which bad been tendered meccas .ry by the delay which bad
taken plans in giving notice to the /loon Secretary of their
inteutkin to erect an asylum.
The report wee agreed to; and it was ordered that the
Homo Secretary should be requested to prepare and intro-
duce such a clean.

A 'ism NAVAL BRIOADE FOR LIVERPOOL.—One
hundred mad seventy-five of the members of the Liverpool
Pilot Berries have requested the support of the Doak Bawd
in their formation into a naval ,{ga& for the ahem of the
Pelt_
Jas. LINDSAY'S BYNUM OF TELEGRAPHING
1101,017011 Warn.—An interesting report wee yeMerday
2= day) entaitted to the Money Doak Board by J. B.
telegraphic engineer, descfribig Mr. Limy'. expertmelts made Let week for the Inamehelen of eisotrie
messegel without wire or cable. Please ewe Mama at
two pobits on the Liverpool and Cheshire Yd though
the needle of the plvssawArt was mg very
slightly moved, no roadside serape went eillaiid. Mr.
Ouborne thought that so puled we end/ be made of the
plan, but Mr, Lindey, is a knew M the bleed, partially so-
omitted for the faUme Mom the ponsimas of electricity
developed by other eel esaakitleg muses, end stated that
the storm which aseeseilled the esperimenis of Friday sad
Saturday prevented *dr reenospdan by breaking several of
th epistles.
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HALF-YEARLY MEETING. f
v..
II
~
1
4
(Concluded from yesterday's Express.)
Mr. Baron raid he came them to support the chairman
and vice-chairman. (Cheers.) He asked the proprietors
to contrast the disastrous state of the *II when Mr. Wed.
dinron retired from the direction and its present condition.
He alluded to the war of pamphlets which had been carried
on, end complained that W. Walters, • director of the com-
Nth Owd-Preeidad at a raaattagsrbiek wesraellad together 11
me the purpose of influencing the shareholder wept Mr.
Love.
Mr. WALTER add that he had received • circular asking
him to attend the meeting in questios, and he went there for
the purpose of protesting against a pamphlet which con-
tained
matter of • personal and obnoxious kind.
Mr. ADAMS nee to address the meeting, but the meeting
would not hear him.
Mr. °Aims, one of the candidates for a seat in the direc ; J
torts, said that the grog. receipt. of the line in 1855 were
091,7001., and in 1869, 697,3081., being an increase of only I
5,6081. atter en interval of three yeare, and with an increased
mileage of eight miles. The dividend in 18.56 was is. per
201. share; in 1859 it watt fee 9d. The set earn applicable
to dividend in 1856 was 76,9711.; in 1959. 96,9371., being an
apparent differeece of 19,7661. • but in 1866 the net revenue
was debited with a sum of 26,0001. on aooount of the deferred
permanent account, and with only 40001. in the present
half-year, being • difference of 21,0001. Again, in 1855 a
sum of 19.6261. wee debited for rolling stock, against 6,000/.
in toe present half-year. Then there was an item of 3,293/.
debited to capital fur perhamentaryexpenses in opposing bills
which should have been charged against revenue. These !
sums together amounted to 37,8451., which converted the 6
apparent staples of 1869 over 1866 into a positive deficiency
ot 18,0001. Therefore, if the some ; rinciple had been
acted on in the two period. the dividend now
twould have only been 4.. instead of 6e. 9d. During
the administration of Mr. Love 240,0001. bad been added to .."
the capital account. If elected he would serve the share-
holders with honesty and to the best of his ability. l
Mr. MITCHELL approved of the administration of affairs
by Mr. Love, end advised the shareholders tohold fast to the
good which had been achieved.
Mr. PUNCHER seed the question was one between flow
prosperity with the present directors, and of cod& ruin with
Mr. Waddington. The present was a dastardly conspiracy,
promoted by a phalanx of diaappointed professionals in whose
hands Mr. Waddington would be • mere catepa;ters.)
Mr. WADDINGTON then rune to address the misting, but
was received with a about of groans and hien., which con-
tinued gamest neiaterruptedly whilst he remained on his
legs. He then placed himself conspicuously on • table before
the meeting, but the meeting would not listen. (Cries of
.. We have heard you too often," " Hear his last speech,"
sod other expreemons of • like kind prevented all possibility
of hearing.)He denied that he left the line in a state of dilapi-
dation, es had been represented, and said that a day of retri-
bution would come upon those who had put forth such • re-
port as had been presented that day. After the reception he
had met with, he °Add not of course think of offering them
his services, and he would recommend his friend Mr. Gamble
to follow his example. (This announcement was received
with loud cheers.)
Mr. Notizie, M.P., replied to the observations of Mr.
Gamble, tend his answer appeared to give complete satisfac-
tion to the meeting.
te The report, which included the dividend, was then put and
The
Mr. BALL, M.P., then proposed, and Mr. Notate se-
conded, 11.
the re-election of Mr. Love, which wee eartieckstoofet
loud cheers.
Mr. Til'l'lNG proposed, and Mr. SEDOWOOD seconded, the
re-election ot Mr. Goodson, which was likewise carried.
Mr. Flower was re-sleeted auditor.
Mr. Wetroku, who was also a candidate, protested •
against the unfairness of the chairman in the way he pot the
question to the meeting,
A vote of thanks to the chairman terminated the pro-
ceedings.

At a meeting of the board, held immediately after the ter
initiation of toe proceedings of the halt yearly general meet-
ing, Mr. Love was elected chairman, sod Mr. James Goodson
deputy chairman, of the board of directors.

SOUTH-EASTERN RAILWAY.

The report of the directors of this company has
been issued. The accounts for the half-year ending the 31st
January last show the gross receipts for that period to hays
been 611,7291. 19s. 7d.; or an increase of 36,076!. 16e.
compared with the corresponding period of 1859-9. During
the same period the ordinary working emanate have
amounted to 2003871 17s. Bd.; the rates, twee, tolla, and
government duty to 37,0521. 3.. Id.; the working of the
steam-packet bereft* to 15,1311. 11e. 6d. ; and, after pro-
viding for the fixed charges in respect of rents, interest,
annul fee and dividend, on preference shares, there remains
a balance of 231,6961. 3e. Id.' available for dividend on the
ordinery crawl/dated etc& of the cimpany. A dividend of
18e. per 301. stock, pr at the rate of 6!. per cent. per annum,
will absorb a sum of 223,0111., leaving a Withal to be carried
forward of 8,6851:35. Id. ; end this rate of dividend the di-
rectors recommend to be paid on Thursday the &h of March.
The increase to the number of prengers carried during the
last half-year lies been 671,200whi1e the increase in the
passenger receipts has been 26.,j 361. 124. 9J. ; the directors
attributing this prosperous result of the half-year's working
mainly to the steady lamasa of the home treffic. At the
same time it is satisfactory to state as regards foreign Utah
that during the same period the South-Eastetn Railway hes
enjoyed a large share of public favour,:having conveyed
number of passengers, travelling between Ragland and
France, exossoing the total number carried by all other
routes. From the proportion which the inmost, in the
number of passengers bears to the increase in the reosipte, the
advantage which has teen derived trim traffic of &local cha-
racter and for short distances is obvious; the direct-
' tore finding every encouragement for still farther cultivat-
, big the development of such traffic. With this olject the
directors have recommended the proprietors to support the
under, eking of the Charing-remit Railway, the works of
which have already beep commenced ; and they look forward
to the opening of a West-end tattoo available for all the
lines of the South Eastern Railway terminating in the me-
trupolie, situated in so central and convenient a neighbour-
hood as Charing• mom., as calculated to open out large addi-
tional SOWN of remunerative passenger traffic for this mil-
wiry. The receipts fur merchandise traffic generally exnibit
a satisfactory increase, being 6,8731. in exams of the cor-
responding period of last year—the principal Masses being in
toed goods.

ABERDARE RAILWAY.—A meeting of the Aber-
dare Railway Covert:ly was held on Wednesday at Bristol,
James Poole. Req., the chairman, presiding. A dividend, at
the rate of 10 par omit. per annum, was declared, leas pro-
perty tax, and Is. per share for sundry expenses.
SOUTH STAFFORDSHIRE RAILWAY. Yesterday
the half-yearly meeting of this compeny was held at the
Queen's Rotel, Birmingham, R. C. Chamber, Rig., in the
chair. The report of the directors announced that eines the
last meeting the Cannock branch had been practically ex-
tended to B.ugely by means of the Cannock Mineral Railway.
It was also Mated that " no further agreement as to • knits
in perpetuity after the determination of Mr. M'Clean's
Issas, between the London and North Western Railway Com-
pany and this company, has been entered into dace the mine-
um of parliament was refused to the former agreement."
The chairman moved ths adoption of the report, :tad in
doing so stated that it was the opinion of the London and
North Western Company's mantel that a valid agreement
could be entered into with this company without the emotion
of parliament being necessary ; at present, however, the
agreement which had been entered into was at an end, ad
they went on under the original lease with Mr. MPLean, who
had faithfully hailed every engagement with them. The
report was adopted, and the dividend at the rate of 4i per
cent. per annum declared, payable on the Ist of March.
THE STATIONERS' COMPANY.—The annual meet-
ingof tb LIMY nil be bald at Btatioaers'-hall on Thurs-
day, the Ist of March, to elect a tasesurer and alockkeepers
for the year ensuing
[Advellisement.]—HOLLOMAY'll OINTMENT AND
Puta.-teas et Ittoon.—ln all ewes of spltthaf or votoltlag of Mood.
or Se Ices la say other way, after °backlog It. now, the mom Important
PIM la be las tbe promare cdT the Mood remote, sod et. equalise the
etMsrea grasiagea. Tor both Mae whams, PIM". 11.11" n" "thl"
Obi perifilas pthe read sm-em 'sec No mode of treat-
'poke le es moot menterWil the end, and earlue the Balmer from the
Mal ilinetas feicsrles 100. of Mow. Holloway, rotnedlee
[ remela, and prevent ulterior mbchlef. The
be hrlitivrottes on the trek end chest. after those
I No We Men image me mit water esd Wel with a memo cloth.

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