The Express.
London, England, 1867-08-08 00:00:00

EAST LONDON RAILWAY.

The filth ordinary general meeting of this cora-
pony was held yesterday at the City Terminus Hotel,
Cannon-street ; Mr. W. RAWLS, the chairman of the
board of directors, In the chair. The report, which ha
already appeared, having been taken as read,
The CILURYAX proceeded to move its adoption, remark.
ing that so far as the works had gone they had been ere.
cited in a most satisfactory manner, though the peer"
had not been so rapid as the directors could have dented.
The contractor was doing his duty well, for only a day or
two since he went over the works on the south of the
river, and found them to be perfect. His former antici-
petions, however, as to their probable completion were not
likely to be realised, nor could be now name any other
date ; but the reason for the delay had been simply
' that the directors were indisposed to press the share-
holders for calls, and had therefore been without the
n funds for carrying on the line faster. (Hen,
haerrjltut, besides the financial obstacles to the progre,,
of the works from New Crone to the Tunnel, there hal
been the difficulty of arranging with the Brighton Colo.
pony. Immediately epee the appointment of the new
chairman of that company he waited upon him, sod he
was happy to say all the difficulties which had previous
interposed were now entirely removed. (" Is the Chan
eery suit at an end f) Yes; all matters with the Brighton
Company had been satisfactorily arranged, and he hoped
by the end of the present year or the begiuning of next
the whole of the covered war to the river would be com-
pleted. (Hear, hear.) Coming to the other aide of the
water, he might mention that much slower progress
bad been made there, because they had to wait
the time of the Great Eastern to get the land for
joining that railway. It was starless to lay out money in
a time of pressure, when the junction could not be effected.
But still, supposing much further delay should be fe-
quired, their line could be carried on up to Bethnal-green
and the Whitechapel-read. He still held to the opinion
that the Broad-street station would eventually become the
most important in the metropolis. (Hear, hear.) With
reference to the question of calls, so far they had been
exceedingly well met ; but the shares in arrear would have
to be dealt with as soon as the bill now before parliament
became law, and at the proper time the shareholders
would be called together to consider the subject. The
directors continued to hold the views they had already en.
pressed of the future success of the undertaking. The
experience of the Metropolitan and North London only
confirmed them in that opinion, and so far as they had
gone the land had been obtained within the parliamentary
estimate, and the surplus portion of it was likely
to be disposed of upon excellent terms. The contracts
were paid for in cash, and up to the present time the whole
of the claims for works had been discharged, with the ex.
°option of the current month's account. (Hear, hear.) In
I conclusion, he assured the shareholders that there wu not
the slightest ground for apprehending danger in passing
through the tunnel. It was the finest and best piece of
brickwork that had ever been executed, and he could state
most positively, and in this opinion he was supported by
Mr. Hawkshaw, that no piece of brickwork through which
any railway pared was more adapted for the purpose than
the Thames Tunnel. (Hear, hear.)
Mr. L ACLAND seconded the adoption of the report,
which, after a brief discussion, was unanimously passed,
and the retiring directors and auditors having been ree
elected, the proceedings terminated in the usual manner.