The Express.
London, England, 1858-02-19 00:00:00

The CZinwor to affixing the seal to the register of the
ahmeholders announced that the chairman of the company,
Mr. Edmund Denial, M.P., was ill at Dowfastm, but ho
was happy say from a letter received thls morning that the
hon. gentleman was rapidly recovering. As reivded the
register it had been thoroughly ezamfa.d end its
authenticity wee verified ma well by the accountant
as the registrar himself, and there could be no doubt me
lo i accuracy.
The se ei having bees duly axed, the report wee taken
es reed.

The CH tiRNIAN, in moving the reception of the report,
observed that the principal item of expense this half-year
was for engineering works. From Bitable to London the
line had bees Oati-jointed, in other parts of the line they.
had been many removals and repairs, and in one point con-
siderable beaming, and all these intim had been
charged to femme. The line was in • highly
th icut st.ite, And mo.t likely in future accounts some of these
charge a would not occur. Them bad been many renewals
and repairs In the loemootive departrocat, but se some
of those arose ottt of en unfortunate secidenhm:
was equally probable that a portion of
charges would not appear again in their accounts.
Since the report wee honed the Court of Bankruptcy had
allowed this company to prove se creditors under
Redpath's estate; ea yet the amount had not
been aacertained, and therefore It could not be
brought Into the sea oust. As regarded their neigh-
bours he was happy to say they were workin=
amicably with the Manchester, Sheffield, sod Linco
while more recently the directors had entered into m
arreagenmat with the Midland which could not fail to prove
other than advantageous to both compseies. He was sorry
to say that owing to the premature death of Mr.
Paget, of the Midland, the propped' for • settle-
:and of the differences between the Great Northern and
the London sad North western had fallen through. An
emeenamit for sock a millennia was drawn up and signed
by this company ; but, unfortunately, beim it could be ratified
by the other all., Mr. Paget's death and then the
negotiati.e. had been commenced in non. ccordingly, no
later ago than yesterday, the company offered the Loodon
and North Nt 'stern board Mil Uttar terms than
them previously mentioned ; but, he regretted to say, they
bed been rejected. There could be no doubt, however, that
It waa norms to both roommise to be at loggerheads tom-
ther,sed he sincerely hoped the time was nut far dieing when
the two boards would be again brought into amicable Ma-
riam with each other. (Cheers.)
Mr. OCTATirx Dost•N, M.P., seconded the motion for
the adoption of the remit
Mr. MATH sews moved as an emeedment that the igen be
doped, with the exception of that pirtiGn of it whisk
seise, to the dividend, and that this part be eimmiled by
making the dividsnd payable on the B stock 61. 10e. Id. per
oat. netted of V. tts., leasing nothing for division
the shenhoidere. He Insisted that he
parrel.=
in moving the amendment upon legal and
if it were rsyscted, be was prepared to tan ulterior proceed-
ing, apes it, mime the directors would agree with the B
shareholders to • area for the °plains of emansel, by which
the B sharehaldere were ready to be bound. The precise term
of hie amendment were " That the report of the disasters be
received and adopted, except In so ter as the ems
receemende the paymeat al dividend at the slotof 2e. 6J. per cent. to the beldam of A
nerd 61. Oa per cent. only to the holden of H
mock, sad that instead thereof 5/. 14. 6d. per cent. be
mid to the holders of B stock towards payment of the
amount doe to them to mike up the dividend at the tete et 6
pp, cent. per annum to the 31st of December, 1637, 116*
maned teLthem by the holden et A Meek."
Mr. NI eu taco wooded the amendment, contending
that she recent &Mims of the Court of Chan-
cery had settled that Wore M stock meld
ticte la the profits the A stock meet have seaivd
a caw 6 par 01%1. par tease. Now In esseequinee et the
itrdpith frauds B Meek wee is ammo of Ile goer-
morel dirithad, end therefore the A Mock was not
entitled to the Se. id. pperer rent.
- Mr. Urania a corked that,:il the amendment were meried,
the amines would sot act upon 1., became tbolr legal ad-
visers, who were most competent to give an opinion men the
pmt—(so, no)—would tell them that It would be contrary
to law.
Mr. Bit trite, sea common-cease *mad sot sea whet
cone the It ehareholdere bad toeseeplein • they got then
hill 6 per cent., what menu did they went f (Marl
altar some diwandea,
Mr. Dee troy, Q.C., one et the lira MOM of the .
• laid the vote of the wade( CooM determine
the dividend to be paid. The law paw the shareholders
pour to stake a dividend if there wee a eneglea to do It
with, but tn. requirements of the law innot he armed.
N.w the law provided that out of the melte of seek
y ir, the B stock should receive 6 per cent. belose A
et ak could participate in the dividend. If the profits
of the year would sot admit of 6 per cent.,
the B eta k moo put up with whet thee was. At present
there: we; sufficient to make the dividend on the B stock 6
per coat for the year, and stiU leave fis. dd. per cent. for the
A stock.

The amendment wee then pet end releeled by • large me-
jorityoued the notion fur the record= al the report wee
emS.l•d•

TM Ca nue or sad moved the declaratima of the dirt-
ased r neommeaded by the report, payable on end abet the
let 01 Muth.

lair- w• LT ZS commented alma the eceocusts, end observed
that ha tu,l ao doubt that • considerable portico at the am
charred to naght to be (retried to mamas. The
obteet of tbia ;swine of chaeVag to capital what wee doe to
r. renee. was to enable the aMetolll to obtain p0r„,,,,a
making large dirtdends. There was a cheep of 2/. 3s.
for • is h..01-hness at New England placed to the
credit of capital, which he coatended wee wholly illegal.
How waa it there wee no auditors' report this half-year f
The direetor. stintil I remember that making a false diridead
was an indictable cfferice.

Ma. fit rate,' contrasted the Increase in the expenditure
with that in the receipts, remarking that when the Miter
only showed an edemas of 7.5061. Its. 5.1., the former when
added tip would vastly exceed that mount.
Ma. Ht etas demanded some expLmation se to the law
charges.
Mr. Dative: drew attention to the Item of 4,01 ML Te. dd.
debted to revenue foe '• bed debts, Ices os bed mosey, and
litchi gold. Sic.- He objected to carrying them aoest received
from the ltcdpath Wade to the seat account. He objected
to the charges for the school and church at Doncaster, and
when the company was more prosperous he shoaled file a bill
in Chancery against the directors on this subject.
Ma. DC74110,1 replied to the objections as fee as they
related to the achade, by aeraindiug the ro•stiag that the
expenditure was song tiosad by • Tee:dation of the chase-
h•oders. The item referred to by Mr. Billiag Included a
bad debt from a great fish eastern, out of which the
company had node a Lugs profit previously to the
lac It would be impeasibla se well at illegal to Inched* the
dividends from the Bedpost% estate in the present accennia.
The vote for the clergyman at Doncaster had nothing le do
with the church at Doecsiter, which was building bypeivate
subrcription. Tito 2004 a.ye.tr was paid to a clergyman
who virtual, was a asevent of the company. His duty was
to knit after the ethoole.

Mr. Moan in,---
oms of tb• methane, vouched for the ac-
awry of all the arrogate, sad stated his readiness to co into
them in deal with any geadsman who would do hiss the
&vow to call at the *Moe.

hiiero;rn—eforth;r7lieenesion the motion wee agreed to,
end the retiring directors having bean rwelected, the usual
vote of thanks wee pawed to the chairman, end the mewing
aegneated.

LO.VDON A.VD NORTH WRSTERN RAIL w.dtr.
(THIS D.iY.)

The ordinary half-yearly meeting was held this
monitor at the Eames-Name Termtattio ; the Keronis of
CMAXDO* is the chair.
The report of the directors bee alined v been publiebed in
the /rpm. The seconnts .beard • datiposable balasce el
626.'4364 lie. id., oat of whii h the directors proposed
to pay • dividend of fire per cent., leaving • ample+ el
blatii. 2s. ltd.
nie COI %tette", offered some ealanatiows ts regard to the
eteton.iesio made in the report. The draws et the roods
traffic wee do tnhoted over a great Dumber et sleilear, mod
note be eradiated rather to the general stegsedes *Etre&
than to NA% coulpetitice to which the compaay bed beauslo-
Se might mention as • proof this dist s6llll. of the
t• r wa• mann the traffic between Lirerpool YdNowelismer,
where Iwo, wee no c,mprhtino. There bad boos es lamest.
ha the, apenditure. The signals had bees hspowed 111011 bt-
creep. d. sad ...lie repress had been Mowned kern the
falling it rtain bridges, which led to
be re-
twit. Other works also in the way_ of imegovuowsst
bed to be chargial to the romans. He them alluded
to the coespet,tion to which the company led lees sub-
totted by the Great N.tthern, sad Sheila& sad Lissola-
dun Computes, matte.; that be had hoped to Lees been
aLle to assoamace the aleadonment of the low rues of Irak