The Express.
London, England, 1866-05-15 00:00:00

RAILWAY STANDING ORDERS.

Lord RED&SDALE brought under notice the subject
of the financial arrangements of railway companies, and
observed that the system upon which certain works had
been carried on for many years past had completely broken
down. In 1864 finance companies were formed with the
avowed purpose of finding money for contractors. Some
of these institutions had since collapsed while others had
been thrown into difficulties. To check' rash railway spe-
culations, therefore, he recommended that in future all
new railways should be got up upon a subscription contract,
one effect of which would be that new schemes would haveto
be well matured before they found favour with the public,and
of course in that case the money would have to be provided
beforehand. He also suggested that the subscription con-
tract should be for two-thirds of the subscribed capital;
that a deposit of one-eighth should be paid upon every
share ; and that no shares should be transferable until
three-tenths of the amount had been paid up.
Lord STANLEY of ALDERLEY admitted the impor-
tance of the question, but apprehended that the sugges-
tions of Lord Redesdale would impede the construction of
railways altogether. He hoped their lordships would not
commit themselves to any resolution on the subject with-
out mature reflection and the concurrence of the House of
Commons. .

Remarks were also made by the Marquis of Clanricarde,
Lord Overatone (who approved of the object which Lord
Itedesdale was endeavouring to attain), Earl Fortescue,
and the Earl of Belmore, after which the matter was
allowed to drop.
The Labouring Classes' Dwellings Bill was read a third
time and passed.
Earl RUSSELL intimated that on Friday next be should
move the adjournment of the house for the Whitsuntide
holidays, until the Monday week following.
Their lordships adjourned at halfpust 7 o'clock.

HOUSE OF COMMONS.—MONDAY, MAY 14.
The SPEAKEIi took the chair at a few minutes to four
o'clock.

NEW MEMBERS.

Mr. FINTAT took the oath' and his meat for Argyleshire.
Mr. B. OSBORNE took the oaths and his seat for Notting-
ham. The hot.. member, who was introduced by Mr.
Ayrton and Captain Vivian, was cheered on walking up to
the table.

Viscount AMBERLEY also took the oaths and his seat for
Nottingham. He was introduced by Mr. Hastings Russell
and Mr. Raines. The noble lord, who was warmly greeted,
took his seat on the fourth bench on the ministerial side,
and after remaining there a short time he went to the
peers' seats, below the gallery, and entered into conversa-
tion with his father, Earl Russell, who had just previously
entered the house.
GALWAY ELECTION.
Mr. H. VIVIAN brought up the report of the Galway
election committee, which declared that Mr. M. Morris and
Sir It. lilennerhasset were duly elected. The committee
also came to the resolve that the petition presented by Mr.
Lever as regarded Mr. Morris and the petition presented
by Mr. Stubhins with respect to Sir R. Blennerhasset were
frivolous and vexatious. The committee were further of
opinion that corrupt practices extensively prevailed at the
last election, hut not with the knowledge of the sitting
members or their agents.