The Express.
London, England, 1859-07-21 00:00:00

MITIOPOLITAN It4ILIKAY.

A Wharnelifila meeting in remises to the bill which
the company have Won parliament warn bald on Teaed• at
the aka la Ms Arend &actuary, Waaniamater ; Kr. Wit,
kiIMON_M the .

Thu Cuattutav said that before banally waving the
adoption of the bill about to be sniamittad to them, be would
offer • few remarks on the present patties of the company.
Since their meeting in February !set an important arrange-
ment had been made with the Corpora Mon of London, who
had bound themselves to take up the ooespeny's shame to ea
extent representing 200,0001. for the purpose of oarryiss out
the undertaking. That subscription had Mooght Yea *re
of the company within so m +caseate • cempme
that the directors had !smirk to withdrew the

Abindoneeent Ball sod proceed with the works at the earliest
possible moment. They bed heard from nognestionab!e
authority, that ocatractore of high Mending would be will
to take up the remaining stares to an amount that would
e4,dlh• entire execution of YenHMI within the
easy doubt whatever. The bill bsioretism ceaeYed
dame for enabling the company te ceny Oak lee am of
the prism, to get rid of the Peet-oar tendwan mid to
Ma the weeks at the bock.= of Helbers-111, nor Iferriag-
dcnstrat. Sayan claws sought he tardier lime la order
to complete the railway. The only bend= ingewil upon
them wee no doped of es sididead 4,1031., Ohm&
they Ind la the Coact of Chancery a en= =pal to mono
than 10 per mak d the nqdrwl capital. There ewe earthen
dawn mopowerlag the
rEgy, to news thin share
capital to MO 0001. sad the power dthe Ored
Northern Comps, to take the company. It would
be recollected sass the Geed Northern obtained powers to
.0 lie 126,00 M. towards the construction of the railway,
but the ether day they Insists* upon that power being re-
pent, sad of cams se it erne pennissin =lathe dinctors
of the Matropoittea could not object • bat such • step
should be rakes by the Great Disunite' Is not under-
stood. He begged to state that the mamas of the
Cc:operation of London for the eabseelp el 900,0001.
was completed, and that he hold ft be Ids bawl. (Chews.)
As they were now fres from all =streams, then we little
doubt that the eauspany would be able to male run twee
la roped et the Wang up of the anhausd she es woad
te widdectory to the peeprielore. Re that moved the
the till.
a ofdtkamaket leseing ben seeceded,
94. JAMIS BOHM/ILL, the eessmepprry'e solicitor, read the
searglael bass, dot whinthe tlon err carried mad-
nionsly.
Mr. CH•lit. PHARAOH eeemstalsted tbs dersholdere
end dirstoes on the portion which the company sow own-
pied. He could swore the seeing that the warming holing
gensilel amenet the Corporation of London in reforenoe to
the MOMS of this great public improvement, which, indeed,
was strongly manifested by the subecription which they had
made, contrary to their almost universal practice, and in
opposition to several isfluential members, as regarded such
an application of the corporation fends.
The motion wee carried unanimously.
The CHAIRMAN, in returning thanks, mid they had east
with the greatest pomible kindness from the Great Western
board, and that nothing could exceed the =Malty with
which the two compenks were working together for the par
pow of carrying out the project to a successful Wane.

NANCHNSTER 8113FPIELD, AND LINCOLN-
MINI zazirrAr COMPANY.

The half-yearly meeting of this company took
place yesterday afternoon at Manchester; Mr. J. CHAPMAN,
depoty-chairmaa, presided.
An abstract of the half-yearly refit and statement of
mouth ha& already appeared in tie
The Ceti:into o, in snoring the adoption of the ropes,
raid the half-yeses accounts showed a not increms s
7.0001. from all nonce., whoa compared with the tint half
of 1868. In that half-year, bowsmr2s,ool. was received
under the terms of tho Great Northern Company's
gasman. of 10,0001. a week, so that the withal
tomato. of this company's amino should be stated
as 32,0001. rather ohs. 7,0001 TY expenses bad
also foaessed by about 7,0001., chitty owing to renewals
of locomotive 40C11, and amistemmos and reorwals of the
red way. The amines had boss rendered more power's], to
adapt than to the traMo which the bad now to
convoy ; sad the dinettes had boss obliged to =peed a eery
la sum on the pier at New Hoard, hooks exceptional
outlay at other stations. The meal soothing. &owed= in-
comes of 7,0001., bet the exposer being swelled (principally
by thawed limestone and gritstom expense., which did not
000nr vary often) to shoat 4.0001, left the net Improvement
3,0001. About 1,8001. net increase had also been re-
mind from the South Junction line. TM company's re-
ceipts had of comes bees materially affected by the war,
which had stopped the trade of Hull and Oritimby with the
Continent, and consequently diminished the traMc Wefts
Liverpool sad Maricheeter and those ports. The last three
moths bed also shown a large decrease of grain troffic. He
rsgrottal very much to announce that the Home of Lords'
commits., bed rejected the bill to give permiesive powers to
this ampsoy, the Great Northern, and the London and
North Wearers to maks such arrangements as would have
sznneled to the rabbi; the greatest possible advantage from
the three companiee railways. Its object was in fact to give
logigative sanction to the &grommets approved of at the lost
bell-yearly meeting, which terminated the great tooted be-
tween the three companies.
Hz. Ciatostx (director) ascended the motion.
Mr. Wttas (of Sheffield) asked a swiss of qmsticios,
which ware answered by the chairman and commented en
the deplorable condition of this undertaking, from which,
after 22 you, hod &lapsed since the antooripoos of the Brat
capital, the original ehmeholders had received only six small
divideeds, amounting altogether to 21. 2s. 6d. per 1001,
of stock.
Mr. Ross oleo complained that the attention of the
directors appeared given rather to parliamentery negotiations
than to the internal managementt of the Itoe. He doubted
whether acme of the increased expenditure might not have
been postponed to a more favours period.
The report wee unanimously adopted, and the variant
guaranteed dividends were declared, aloo • dieidi nd of 4s.
per 1001. oar the ordinary stock, all payable on the 3rd of
Aurae.
The directors were then authorised to raise by band or
mortgage 209,4331. additional, and the meeting having boa
made special, they were empowered to subscribe 60,0001. to
the unaertaking of the Oldham and Outdo Slid") Railway
Company.

SCOTTISH AUSTRALIAN INVESTMENT
COMPANY (LIMITED).

The half-yearly report of the directors of this
company has just been leaned. It state* that daring the I
half-year matters in the colony have progressed in • steady I
manner. Exclusive of interest on the company'* colonial ,
debentures, and which is credited in the London servant, the
colonial profit is rather larger than that shown by the ac- ,
count of the preceding six months. Acting on the principle
of keeping the funds of this company fres from the risk
which must, more or lees, attend the investment of capital in
mining undemakior, the directors, since their teat report,
have sold the remeining 2,2110 shares held by this corarmy
in the Boa Accord Copper Mining Company, on which they
have realised a profit of 3851. 4s. 9d., which lieu
been canted to the credit of profit and lose atx-sunt.
The &restore offered 40,0001. of the 200,0001. of Five per
Cent. Preference Stock which was created by the 1111.1421020111
vote of the apecial general meeting of the oompeny on the
25th of Penury, 1859. to the proprietors pro rats exordia,
to their holdings of the ordinary stock on the 7th of April
last. In oonaelmenos of the threatened outbreak of war, and
its attendant eircun•tances, the state of the money market
become ettirely Lhiinged, and only • small amount of the
stock proposed to be issued was taken. A commencement,
however, to place the stock has been made, and the dividend
dr and payable on what has been so placed has been paid.
The directors, who continue to hold the views which
they have previously expressed, as to. the *dean.
hem that would accrue to the company by placing
0,40,0001 of Five per Cent. Preference Stock, are prepared
to intermits applications for any proportion of the amount
thereof leamining unallotied Option will be given for pay-
leg it up in fall or by inetelmenre, es may be agree" on.
The gross profit realised is the colony during the period rs*
ported on is 9.1811. 17s 7d., to which mast be eddied dm sum
of 3851. 41. 9d, being the profit realised on the sale
of shares in the Bin Accord Copper Mining Com-
pay and which, with 580/. 19s. 3d. nomad in
London for interest, treader far, itc., make an
aggregate gross profit for the six months of 10,1481 Is. 7d.
The directors propose a dividend on the ordinary stock of the
company, 200,0001, at the rate ni 101 per cent. ter annum,
less tnoome tax, which will requi,e 10,0001. and leave at tto
credit of the reserve fend 18,5981. 10s. The company's in-
vestments cooties* te a favourable and promisiag position ;
the value of Lyndhurst Estate hes been much improved by
the works of the Bridge Compeny. The company will moon
come into fall poemesion et their freehold properties is
°mega sad Argyle streets, sod at Church-hill. in Sydney,
from which greatly improved rents will be derived-ms the
teamiaatent of the present leases in 1860 and 1862.

EXTENSION OS THE BRTGHTON RATI.WAY.—n
hea bens determined to ronetruc, sithont delay, by the Lou-
don and Brighton Railway Company a branch line from
Felber-mitt to Arundel. This Itne will supply a want 1,4" g
hit, aid will form a connecting link between the stetson
portion of the country and the main line. This course was
determined on at a nesting at Bognor to take into considera-
tion the deerirabillty of • branch to Bognor. which it is be-
lieved will also be eventually made.—Briyittos GNardinn.
NORTH-EASTEILN RAILWAY. —Toe Wharneliffe
meeting of the shareholders of this company was bald at
York, on Tuesday, to obtain the approval of alms-afths elf
the proprietors to bills sow before initialling. The 001 for
amalgamating the Wale and Loyburn and the Rosedale
branch of the North Yorkshire Railways with the North-
Rotors, whnh hes passed through the Committee of the
Hones of Commons unaltered, was approved, with ma
sentient. The The Harrogate Branches Bill had also pared the
committee, without alteration. hotwithstandlag
Au amendment on the motion for the approval of them
proposed, to the effect that such portions of the bill ma mined
to the tatorforeare with the quietude of Harrogate be orated.
This was negatived; and the original mhos was canted,
wish only four dissentients.
Peter Nt'Farigne, the master of • lighter waled
the Lady Aguas, was drowsed at the North Quay, Okagmr,
oa Saturday, baring talks into the river while sadsevouring
mash his rearel.