The Express.
London, England, 1860-07-23 00:00:00

CHYLON IAILWAY.-(?BLS DIY.)

Au extraordinary general meeting of the share-
holders was held at one o'clock. at the "then, 9, Breed'
atree.-bulilings ; Hr. ANNUL:THEM in the chair, for the pre-
pose o: conmiderine, a teeter for the construction of the rai,-
way, and a repot,. from Mr. Hawkshaw, tothe Duke of
Newcastle, and a correnpoodenoe between his grace and the
director, thereon, and poring revolutions thereon, and 'spo-
rtily for the purpoee of parson such resolutions se the meeting
shall think 'civilising in relation to the coustructioo of the
railway by contrac,on or otherene, or to the contracts sub-
sisting between the Onion government and the company,
or to say proposal affecting the some, soil giving manic-
thine and power. to the directors in relation to the mat-
ter. aforesaid, and for the poisone of completing the on.
finidicil business of the meeting, originally convened for the
30th day of April Lot, and held by adjournment on the 314
day of Hay last.
report, the substance of which appeared in the
Etprenc of Thunder last, has ins been taken as read,
The Citillnall said that in that documeut the direeton
had put before the sharehohlen soch information as they
considered necessary to enable then, to come to a right deer.
Ilion on the question at issue, namely, whether the contract
should be proceeded with or the money advanced he received
back at par. The directors thought it better that the money
should be returned than that the contract should be adhered
to ; because, 4 matters stood, there would be a diffi-
culty to raising the 1,072,CCM. at 5 per coot. (Hear,
bear.) The board did sot consider the guarantee by any
means a bad one. It was, io fact, preferable to any of the
lalian guarantees, inasmuch as any possible defieisucy is
the receipts would be made good out of the impetial
revenues. idear.) He had two proweitions to submit. The
first was. that they should take their money back at par;
the second was the elterostive proposition that they
should ask the government for a uniform guarantee of 41
per cent., which he believed the revenues of Conlon might
he fairly charged with. He had good moon to believe that
if the coaipenv &Duodenal their projsct, the government
would construct the railway out of its own funds.
He concluded be moving, "That if the government
of Ceylon should desire to discharge its engage-
meets with the company, by the repayment of
the' company's capital, the meeting authorise the
directors to do everything requisite for giving effect to that
desire upon condition that the whole of thecoinpany's paid.
up capital of 297,5C.W. be repaid without delay and without
any deductiosi. and with interest at the rate of 6 per cent.
Etinoun. until payment, every liability to be diecharged
he government, and that the directors be further math°.
to accept payment of dividend, is whole or is part,
by debentures of the government of Ceylon, payable
do seven years from that data "r miller, and bearing la-
west I. the meantime at 6 per cent per aamem, payable
I. CAMPIIIRL seconded the resolution.
After aa animated discussion, _

kr. Fneesi.nt moved as an •rilendment, "Thit the fts.
eidendkia of the report presenteil this day be adjourned
until live Ceylon iiiinernment shell have had an opportunity
of espreniat thaw views sad wishes on the present twig.
tioa the suidertekiag.*
GAN& SIN @wooded the amendment, mad espial' JOLLY
awl 141 r lminta Ci.ranorroat supported it.
earodawat wee carried by a large majority.

Tss NIAPOLITAX Axwsere.—The Na:iente of
lisimeas stereo that General the brave defender et
Valdes la 1849, liar* applied to the Neapolitan coned .$
Lestsers few a pesegsnrt to return to Nsplcs ander the
simae4alte Um by a positive refloat on the ground
of liwbeellows, though the genera is to be reeked
la t arse Worry ste the Imam.' Ilcsawspo, who re.
seised theirimseporte without wry diffieutty.
144)4A2 his Hoerrrst, fiesee-tcrs-uueri.—Thit
member of patients relieved et this hospital dories the week
radius J.l 21, 180 D, is 2,466, of wbich 671 were Dew OWNS.