The Express.
London, England, 1859-08-24 00:00:00

.
La OTOCILTON.—AITITed Ddkooel, Orilla, Buttercup, and
Nolosiass

BIDEFORD NITENSION RAILWAY..
(TB'S D! T.)

This morning the ordinary half-yearly meeting of
the company wee held at Gresham House ; Mr. J. SHAM.
LAND presidia'.
Toe following report was read wad doped :
the last roved= of the proprietors, the accounts
which have bees previously adjusted with the correctors, by
Mr. Tito's award. bare Ira settled. la addition =Keto—
ne sous of 1,2021. 18.. bd. would become payable to them In
MD, with Interest, for additional rats necessary for the
des wears of the Ilse. The directors cornered it advan-
tageous to the interests of the company that chi. debt
should cries et oaeo. sad they lave the pleasure
le rate that the w meant has bees liquidated
end paid by the tree of =appropriated shares.
The ffirester bre tarn the neerwary prooreollogs to forfeit
re eerstrilve arm en whit* 781. 16e. only has been
par ; r they ford it horrible to obtsia the arrears
ressiatkre Ise their forritare will. therefore be submitted to
the resting. The rawer of capital and the total cost
ef the Ibe le sow submitted, sad there to a bream
is bend of rent to the 30th June, 1869, of 6361. 14e. &L
Threw elan 71 uneppropiatcd =area, and se before
read thus will be 76 forfeited shares. The total debts and
erre sow *rag by the mammy amount to 1,1221. 18s. 6d.
Led r soma el those claim' may be met by the leer dater
shares, it would be possible, by the appropriation of the
brawn is had, to it all debts sad claims apps the
ecompry. It will be, however, for the propietors to detr-
ains whether they will ao deal with this bearer
et rower this payment of a parka of the
hit, tad divide the sum reknid te r dividend.
The weekly trade return. of the belt-yea ending 10th Jena
Mil, give 1,6761. to.. 9d., against the =li-
p= ia 1859, 1,2831. 12s. 2d. Increre, 2871. 8a 6d.—The
from the Ist Jausary to the 70thrurgr869, AWL Ditto, from the let litavery, to
Ilea allth Joe. 18.58, 46,306. Isomer, 13,9611.
The working of ire lime is conducted with great ow, sad
the works througrett are la perfect order sad (*edifice.
Tbs directors bar declined, for the pretest, any farther ne-
gotietior or endeavours to improve the approach Into the
✓atios at Bideford, from the many obstacles and difficulties
which have presented themselves • but they have offered to
subscribe liberally, and to etridon env right or power
they may have in the muter, provided the road is
made for the public bear& by the heel astir:orioles.
Is inoncirion, the director. have ran to =per
I their obligationto Mr. Tile, for his ceresat sad
senior attention to the introits of thie railway. They feel
that, without hie erstaace, they could n-ver have overcome
the many difficulties with which they have had to contend.
His undertaking the difficult and gratuitous office of arbi-
trator, and the tairoar. and Entre of Mr. Rummy In agree-
ing to accept the amount of all his claims la errs, cruet
he too niurb communist ; and from the lettere they have re-
ceived from etveral proprietors on the subject, they feel that
their obligation are reciprocated In ell respects by the ober-

---Tbe6/AII7JI SLAW that there area a balms..a is band
twen fortune, the remit of the half•yeeie working, of 630 f.,
which would pay a dividend at the rate of about 1 per cent.
prr annum; but it wee thought by many of the country
shareholders, mid the directors agreed with them, that it
would be better to appropriate this to the payment of
certain outstaziding debts, the result of which
would be, that the whole of the next half-year's net
es•ning• would be applicable to dividend, and soul! be
eufilient to pay • dividend at the rate of 3 per met. pas
custom, thus placing the cimpazy in • for bolter position
than they would stand in if they divided the money now.
The total claims agalnat the oatepany amounted to 1,1131.
lac cad., but those which svos required to be paid In money
were law bills, 3124 ; engineering, 40/. ; 11111 i Electric Tele-
grapl Company, MIL All the other creditors, Molading
tee for land, were willing to take 'hues (of which 73 ram*
in fir [visitor* at that !Mating) is payment of their debt.
A resolution confirming the forfeiture of the ahem woo
tt sad retied, sad the usual vote of Shacks concluded the
umour.

NORTH DEVON RAILWAY AND DMZ.
(IBM DAL)
--.--

This day at noon the usual half-yearly meeting
of the Winn Deena Ralwat an Dock inte held et the
Offii.es, Gresham Hoar, Mr. Tl 7 E, M.P., chairman of the
board of doctors, is the chair.
The report waled that the ...risings were 12,6241. for the
haler oldie 30th June, 18a, ea mowed wi.h 10,49111.
for the Name period lint peer, showing an Memo* of
2,15fd. Of this increase about is. half mese tram
tar urdiu.ry trallSc, and the other half from the utast.-
Idlsary traffic coesequeat au ilia Bath eel West of Enalsed
Agricultural Aasoicialea bevies held their meeting et Bern-
et.* is June last. The net mamas, Mier payment of ht.
versa is debentured espersry lees, we 2,602/. 134.6 d.•
ths dividend on the pardwasse stock had absorbed 1,1661.
7.. 3d. of this sum, and a dividend oo the ordinary deck,
st abs rate of IS.. 9d. per asst. would amount to 1,3761.
36. 2J., leaving a ekes of 724 3s. Id. to carry forward to
the nest hall-per.
The newt was adopted and the divided It recomrsen led
dedsred.