The Express.
London, England, 1867-10-31 00:00:00

2.1i1f &BEAT ZASTERN RAILWAY.

The following circular has just been forwarded
to the shareholders of the company :
TO THE raonurross 07 THE GREAT EASTERN RAILWAY

COMPANY.

Biahopegate Station, London, Oct. 29.
A requisition, duly signed, having been presented to the
board calling upon them to convene • special meeting of
the proprietors for the purpose " of reducing the number
of the directors," they have fully considered the subject,
and, under all the circumstances of the case, have felt it
to be their duty to meet the shareholders upon a broad and
free basis. 1. The undersigned request your proxy
(if unable personally to attend the meeting to be
held in punnuinos of the notice attached) in favour of
Charles Henry Turner, whom failing, John Flides, M.P.,
whom failing, Charles Henry Parkes (the latter having
taken an interest in the question on behalf of preference
' shareholders). 2. They consider that unless the hoard be
reconstituted' public confidence cannot be restored ;at
present the board is too sectional and divided, wanting in
power and unity of purpose. 3. Therefore, the under
signed, impreund by • deep sense of duty, are ready to
offer their seats for disposal, provided the proprietors at
large will co-operate to establish at once a compact,
united, and influential board, unbiassed by local or per.
sorrel interests. 4. The working of the year 1867 will shoe
that all debentures, leases, rents, and preferences will be
fully covered b net earnings, and the cash dividend'
would be payable if the finances of the company wen
put right. 5. These finances can be put right provided
the board be re-organized. 6. The present position of the
Great Eastern, with • paid-up capital of 24,000,0001 a
gross annual revenue of 1,906,9U0i., and a net available
revenue of 900,0001. and at the same time possessing no
credit, is most damaging to all railway property. The
earner, therefore, it is relieved from the Court of Chan-
cery the better foryour own andall otherinteresta involved,
7. The assistance of Mr. Watkin, M.P. ham been invited,
and be has stated that should the board be thoroughly re.
organised, and in that event alone, he is ready to render
his aid to the company, not doubting that better times
are at hand, and that the concern can be retrieved in •
reasonable time. 8. In the consolidation of the board the
Northern and Eastern and East Anglian representatives
with a desire to promote the interests of the Great Eastern
Railway Company, haveiegreed telsubmit to their respective
sonstitnents, and, if approved by them, to concur in any
proposition recommended by the Great Eastern share-
oh tn
with reference to the future management and
the election of separate directors. Terms of proposed ar-
rangements with these bodies will be submitted at the
meeting. 9. It is hoped that the steps now being taken
will obtain such marked expression of opinion as will
secure the desired object, and restore the position and
value of your property. The undersigned, therefore,
earnestly request that you will attend the meeting on the
Bth November, or if unable to attend that you will sign
and return the enclosed proxy without delay.
-

Charles Henry Turner, Arthur Ballantine, George
Smith, John Land George Gamble, Robert
William Kennard, Lightly Simpson, William
Thomas Making.

TO THE PROPRIETORS or THE GREAT RASTERN RAILWAY.
Biahopagate Station, London, Oct. 29.
_ _ _

AB I was only electedadirector of your company at the
general meeting in August last, I am indisposed to enter
into any of the sectional differences of your beard, but
having then stated that I abould at all times bow to the
decision of the proprietors, I am prepared to place my lest
at their disposal should they require it.—Remaining faith.
fully your obedient servant, Ctacs LEGO.