The Express.
London, England, 1859-08-05 00:00:00

Oa the nro of 60,0001. for civil Orilreekg.
; The CHANCELLOR of the EEOHIiQUER adverted to
' the item of MM. chit, ged as enema kw his be. main
to the Icahn Lolands. He acknowialged the hibernate
andfsetal tortene himself both by the lest and the present
pediment la relation to this affair, gad stated that he looked
rekh Impahreat for Ihs time what all the Isaiah(
to that main could be published, w se he
baler* would fully Stingy the coolldence which hone
had been load to bestow upon him. For the prennt, the
oemzeirieser of the lonian liked* considered any promul-
gain of the denstokes inamedient and premature.
The vote was of course agreed to, am were also the re-
reaking rotes, the Iridium of mating imppliee being
brought to • onolnirion for the praiser seesioe.
On resuming, the remaining orders of the day were dir
posed of, and the house sdjotunal at 2 o'olook.

LONDON AND (MUTE WESTERN RAILWAY.

The haltyearly general meeting of the proprietors
of this company yea held yesterday at the company's onion,
at thsWaterloo-bridge Station, Captain MAMOLIS ht the
ohair. The advertisement conssing the meeting, and the
minutes of the previous meeting having been read sad con-
finer!,

The CHAIIIMAX eirmainetanoee end the mai-
den of the company had not .meterially altered darner the
last few daya it weeid bare be hie duty to have addremed
the meaner at much greeter herb, end to have occupied a
moth larger whoa el the time of abeieholders then now
appewed momary or proper. Whoa he alluded to the
trattawittee of the ermyry, he whoa sot he the.
of the peen which had bean agreed spon, bet la
the terms on whirl he hoped thee peer wield
ebortly be *sad sad waled by the lien* Weirs
end the Brightest Companies. (Hess.) Is rim= ill the
dillarenese will& bad arises, he ought, in juries to the O-
rson:rale may that they 'sternward& sincere and hineethelleg
that they would have neglected the Murata of the flee*
Western Compsy if tbey bad as persevered in the course
which had eventeelly led to a eteepetition which he

did not hesitate to say bad at mischievous to
both oaraputios. (Hsu, bear.) The directors had en-
tered ca that tioa unwillingly, and they had
rabid tem it most . But jus&s to hie colleagues
led km to my the they hardly beta fairly treated
dark* the pargress of the war U be might ass the torso,
which had just terminated, booms if the diractots bad
stalled their own ease end comfort sod wished to eamotoime

their thin the, they would Irma Amok lens sealest mita
hod winged and dieuormed than, sod imemplud •my hap
parties of their time. If Oat bed Wm tic nee with
le the Ilbseton. the omits( well tally mime=
mach men to it mutt hate been with mond ee the Allele
of the trempany. Meer, beer.) With mdlldest merit is
as boa& with a how, and i Inns ea the whole
line, "Ma ha wee hew to my wee itself far
flis most wigwam expectations of the rectors, the
had bad quite enough to do, whilst at the same
111 Th attention wee occupied la matching and
sheaths the aeovemats of their egpiesti. An the
&Mita had aimed ups the ompiiities with pre
regret 'ele they sew bed groat plume In assessela
that they hellined • smaelly setisfeetory
been mime to with the Brighton Companya,nagriempalim
having given way to a certain relent, without imellele, the
interest. of their principals. (Harr, hear.) Meg dbeeleis
and many chemist of railway board. prelkimed Bet to eel
the remark. of the press to refeewnra i• the of
railway companies. Ile emberall bra did met to that
family. He wee very amine te emeliteit the *biome of
others and to gee what the public sad the shareholders
thought of the proceedings of the directors. He therefore
had habitually read with attention everything that he 114 w in
railway and other papers with reference to the maunder-
meadiag between the two companies; and although be some-
times met sad was obliged to submit to hard sad occasionally
rather unfair hits, still he thought It was desirable to know
the truth mad the opinion of the public. Some pares hit
jocosely, some displayed a hie more temper, and one
°memos/eat was kind enough to dub Mr. Schuster
and Monett with the in le of emperoes, recommending
them to allow the example which had recently been
set by two other emperots, and to make a peace like that
which bed been made at Valet:sae What thole two
epee sedge do eventually, rer how km( that peen might
last, it wee net ter him to meg ; bat be believed that Mr.
Schemer sad tilleelf had to • wiser comes—they had
taken more doe* earthy thli • mud terms as
which peace should be than sad might perhaps rea-
senatily epee Oh peace to mere 'mating than that of
Villetreas. lie tested the imeres would pardon him
for joking. He midi Sow pre. M the meth lasporaerst bswi-
nese of the menthe, reepeetkeg which he had no doubt the
shareholders expected some explanation both with regard to
the capital end the reggae theme. It was a gratifying
fact that the Jeerers In the truffle during the half year
amounted to 43.3421, bat at the same time, the shareholders
must not lees eight el the fact that they had worked fifty-one
and a half more miles, and had run 284,549 miles more than
during the corresponding period of let year. But eyelid
that increased mileage and expenditure there had bees many
other difficulties to contend yob—each as the low fares
to Portsmouth—the ootopetltlon through • beautiful season
with steam-boats on the Solent, at • *amen these wee so
much more pleasant than the lend, to and from Southampton
wit Portsmouth and the Brighton Railway. They had also
had to work the Portsmouth traffic with nine miles of the
line cut off at the end, and then to complete the route by
cernibiaes. They had sew lines to open between Gillingham
and Salisbury, between Godalmingand Porteniontk as well se
between Wimbledon, Epsom, and Lsatbethead. Them lines
led to certain increased expense, which he hoped would
prove exceptional when the traffic beaus* developed. He
would now ell their attention to the permeation capital am
count, mentioning only the large items which he we aware
the shareholders naturally matted with some degree of
jealousy. The first item was tor the main line, 2,7611.,wh1ch
wee gored over • lice of 80 nailer, end which had bees ex-
pended in oddities" sideways and extra buildings, cured by
theneoresity of aff riling proper aooommodation for the W-
orsen traffic. There we a charge for the Guildford
Junction of 2,188!. When they took that line
the bridges were of wood, but the expense incur-
wed in relishing them was so great that they
had bees replaced by brick bridges, which lie bad no doubt
would last hundreds of yeas. He now came to the Basing-
stoke and Salisbury line, on which 10,7281. had been ex-
pended. This expenditure had been coused by the erection
of • new station to bring them into more immethate contact
with the Grist Western, by which their traffic would be im-
proved, and by the arrangements seminary for the con-
melon of that hoe with the Salisbury andYsovil, and without
which they would have been enable to throw out the broad
gauge line brought forward in a previous session, and which
would hays threatened their Southampton traffic. The only
other large item was the charge far the Southampton and
Dorchester line, end the erection of • new station at Norther,
where the ,site was largely increasing.
Mr. Pommies wished for some explanation of the
charge of 1,7001. for the metropolitan extension and Water-
loo station.
The CSAUDIAN replied that that item arose from the ad-
dition' menamodation which bad been given at the Water-
loo melba, He would now make a few remarks on the re-
venue seellet. With respect to the charge for the met-
alware"f the permanemt way and week*, although it some-
what receded the ober. for the peeing half-year,
Ile Wee= ea 11111 mirk year would not be more than
11$114 wide be glom* would set he considered very
=mks that, le eddblen to $0 methey m of main line,
aew lines he MA Itheeketedl. rid 20 eew stations SW
beep up. He next ease to MIS heliellethe department, and
whit b• bed 'Sated with gulped to the incrossed dietaries
they bed bed to rpn would apply to the locomotive depart-
ment, sad there was One ohosestance which redounded very
much to the credit of Mr. Beattie—that during the half -year
there had been no new engines to be paid for out of
revenue, although the stock bad been kept in good and sub-
mantis' mete, During the last eight years they bed built
out of revenue 50 sew engines, and broken up and sold 33,
so that stook had been improved by 17 eagles oat of
revenue, in addition to 39 which had been built out of
capital. Then with respect to the carriage department, the
increase in the expenditure was about 4,0001., which had
been mead by the converting ems of the old
fleet-class carriages into monad and; third elms
carriages, end providing more commodious end
hardens carriages for the fleet-alai peesespes,
so as to keep the Smith-Western • favourite line with the
travelling public. Whilst their line we, he might say, In a
state of transition from • short to • long line, it was evident
their expanses must also be increased in their various traffic
departments; but he had strong hopes of meeting with that
PUCCeell upon which they had rAculated. In conclualon he
begged to move the adoption of the report.
Count EYRE seconded the motion.
The CHAIRMAN. ix answer to • ciliation by Mr. Herapath,
@aid the directors did not intend to give more than 18,0001.
a-year for the Portsmouth line. The matter was not yet
settled, but they meantto abide by the pledge which they had
given to the shareholders.
Mr. BIZAPATH teemed his regret that the 43,0001.
extra earnings he been nearly eaten up by competition ; and
wished to hare some explanatire of the item of 10.390!.
14e. 2d., .. surplus from last dividend and sundries," as
10,000!. of that sum did not appear in the Nat account.
The CIIBIaXAN replied that the 10,0001. arose from •
suspense account, or rums placed aside for omen purposes
beyond what had really bean necessary. As the stun be-
longed to the proprietors, the directors thought it right to
' place it at their disposal at once.
Mr. MITCHELL repressed his satisfaction at the termina-
tion of the cempaition, and trusted that the directors would
not give any esmourasement to speculative lime
be Projected by ensieeere and lawyers, sot with the view of
heuelitiag the public or the districts thronph which they
ere w imendel to peer, but to draw matey out of the pockets of
compering companies. which might
Mr. PCNCHEK submitted that the charge headed "e-
-late of Ild•ying account, 9,6131. lb. 6d.;' ought lo be Petd
cat of the teed half yeses reolipte Instead of the receipts of