The Express.
London, England, 1866-05-10 00:00:00

LATEST SPORTING INT.

[GENCE

• Oa =cram rimnozara.)
YORK IfRITING.-.-(THIS DAY.)
CRAVEN STARR& One mile.
Wieeman, enamor*, Andover, and Ardent are here.

ZETLAND STAKES. T.Y.C.
Cktlmre, Pas Blossom, Thermometer, Houestish, and
Odor's dam colt are her&

GREAT NORTHERN HANDICAP. Two miles.
Cathedral, Windham, Redcap, Raglan, Friday, Treasure
Trove, Miss Haworth, Fitzroy, enamors, El Cid, Dolan,
and Duty Free are here.
Pam FozYmr.—Dalby, Monlsey, St. Magnus, Buckfoot,
Zemobia, Dubiety, and Hawkswell.

YORKSHIRE HUNT PLATE. Two miles.
Highlyer Comm, Lady Sykes, and Cragsman are here.
The remainder of the horses for this race ere trained in
the neighbourhood.
KNAVE3MIRE PLATE. Half a mile.
Flora, Wentworth, Treasure Trove, Chiteast, Festival,
ladylike, Qui Vive, Andover, lady Eaton, and Pedant are
here.
Aaßrveo.—Regslis, Mannells, Harry Brailstord, Brown
Bread, Rococo, Miss Williams, Nerino, Holstein, Bel-
mont, and Queen Bee.

NOTTINGHAM ELECTION.

POLLING.—(THIS DAY.)
(BY zucruc Tv.ZGLLPU.)
aucvsit o'cuxs.

Amberley.
Cork= .
Jenkinson
Faulkner .

_ 1,477
_ 1,443
_ 1,234
- 1,208
2

NORTHALLEBTON ELECTION.

THE POLLING.-(THIS DAY.)
(BY lILZCTRIC TZLZGRAPII.)

owe o'cLocc scrum.
Lacelles (conservative)
Wrightson (liberalL lB3 St
lc
From the number of villirs remaining to be polled the u
return of Mr. lilaCeliall is COllllidered certain. 1(
U

RUSSIAN IRON W ORKS
THIS CO
Y.)MPANY (LIMITED,
( DA

A meeting of the shareholders was held at noon, st
in pursuance of a resolution passed at the meeting of the St
20th ult„to receive the report of the committee which was St
appointed on that uccasion. The chair was taken by Mr. 74
WOOLLATT. St
The committee presented the fallowing report : St
" The undersigned committee of inquiry have to report es
that pursuant to their appointment at the meeting of
81
24
shareholders, held at the London Tavern on the 26th nit.,
they have commenced an investigation of the Affairs and IC,
accounts of the company, but regret they are not yet in a -
position to report fully to the shareholders. The com-
mittee have to acknowledge the willingness shown by the
directors to place at their disposal all the books and docu-
ments of the company in England, but from these your !I
committee cannot at present form a satisfactory opinion
of the value of the company's property in Russia.
The committee therefore mugged the propriety of ad-
journing the meeting to be held to-morrow (Thursday), I .
the 10th instant, for three weeks. They are the more li
desirous that this course should be pursued, as important
legal questions connected with the formation of the com-
pany, and affecting the status and rights of the whole body
of shareholders, have lately arisen, upon which they think
it desirable to take the opinion of some leading counsel.
The committee also recommend that, pending the issuing
of their report, no amalgamation or purchase of any busi-
ness be made by the company, nor any further step be
taken as to the payment of the call. (Signed) HENRY
PAWLE, J. R. ROM, J. RUUTU, AUGUSTUS GOLDSMID.—
London. May 9, 1866."
Mr. IL Pswte, chairman of the oommittee,said they had
received great courtesy and assistance from the board.
Under the circumstances mentioned in the report, they
determined to obtain the legal advice of Mr. Lewis, of the
Old Jewry, more particularly with regard to the forma-
tion of the company. The directors seemed very confident
as to the value of the property ; but the committee
would be glad to have power to send an agent to Russia to
make a survey, and also an accountant to go over the ac-
counts. lie was happy to be able to add that a call of
21. per share would meet all liabilities, so that there was
not much cause for alarm. (Hear, hear.) The director,
were anxious that the call should be enforced, but
the committee were of opinion that it was not desirable
that that should fie done until the position of the share-
holders as regarded the formation of the company had
been clearly ascertained. He concluded by euggestinr an
adjournment for three weeks, and moving a resolution
authorising the committee to employ a solicitor and ac-
countant, and to obtain such other assistance as they
might require at the expense of the company in inv,sta-
gating the affairs and accounts of the company, both in
this country and in Russia.
The CHAIRMAN objected to the postponement of the call,
and ridiculed the notion that a gentleman could visit Russia
and make a report within three weeks.
A Straisseohnsa—Let it be six weeks. (Hear, hear.)
The CHAIRMAN said without funds the board could not
undertake to pay the expense of an investigation in Russia,
and that one hail already been made, as stated at the
last meeting, by the Hon. Captain Hobart, who was well
qualified to make such an investigation. It was all very
well as a Stock Exchange trick for gentlemen who held
five or ten shares to advocate what the committee pro-
posed, but such a course would not suit persons who held
a large number of shares. (Uproar.) Advice, had just
been received from Russia which gave a very satisfactory
account of the works.
Mr. LAWRENCE thought it would be best to employ, for
the purpose mentioned in the report of the committee,
the solicitor of the company, who would be responsible if
he did not do his duty to the shareholders. (Hear, hear.)
A SHAREHOLDER asked Mr. Lawrence whether he was
not solicitor to the promoter.
Mr. LAwstgxer. replied that he was not and never bad
been solicitor to the promoter, Mr. Barry, in connexion
with that company. (Oh, oh.) He considered the pies.
tion put to him very impertinent. The question for the
meeting to consider was whether persons who had been dis-
appointed in their speculations on the Stock Exchange
(hisses, and great uproar)—should be allowed to upset a
good concern, or whether that concern should go on until
it attained a satisfactory position.
A SHAREHOLDER strongly protested against the course
pursued by the board, and called upon the meeting to sup.
port the committee.
Captain HOBART—Can the committee alter the law of
the land ? (Oh. oh.) It may become necessary for the
directors to enforce the law. I hope it will not.
A SHAREHOWER—You had better try.
Captain Hormar—We will.
The CHAIRMAN said the board had no objection to an
adjournment, but they would not pay the expense of em-
ployine another solicitor and engineer.
Mr. EVANS (the company's solicitor), in adverting to the
question of calls, observed that no shareholder could vote
on that question if he had not paid his calls.
A SHAREHOLDER observed that if that view were acted
upon, the shareholders excluded would perhaps retire to
another room and form another body in opposition to the
directors. (Cheers.)
The Ci 4 ttRYAN said that showed the real position of
affairs. Waa it likely that the board would pay a solicitor
to fish out a case against themselves?
A SHAREHOLDER said counsel might say that those who
were in sneer were not shareholders.
Captain H, mane remarked that the object of the dis-
sentients was no doubt to obtain such an opinion.
A SHAREHOLDER deprecated the continuance of these
disputes, and suggested that the concern should be wound
up or held in abeyance till a more favourable period.
Captain Holum' saidhe held 1,400 shares, having bought
a thousand of them after his recent return from Russia. and
as a director he was not at all afraid of a scrutiny of the
state of the concern.
A SibtegeoLorm said he did not feel quite certain that
the directors themselves hail paid their calls.
Captain HOBART—Why should they ? (Laughter.)
Mr. AUSTIN (a director) said he had paid his calls, and
he objected to those who had not done so throwing ex-
pense on the company in trying to escape their liability.
(Hear, hear.) That would be an injustice to himself and
others in a similar position. Those who had not paid their
calls had better meet in another room. (Hear. hear.)
Mr. EVANS (the solicitor) assured the meeting that if
he submitted a case to counsel it should be done fairly,
adding that he regarded himself as an officer not of the
board but of the company.
Mr. AUSTIN (director) observed that there was no motion
before the meeting, as none could be proposed by a gentle-
man who had not paid his calls.
The SOLICITOR on being appealed to read a clause of the
act confirming this statement
The CHAIRMAN having refused to put the resolution, it
was put by one of its supporters in the body of the meet-
ing, and a number of hands having been held up in its
favour, was declared by the person who put it to have been
carried.
The CHAIRILIN recommended the dissentients to leave
the matter in the hands of the board—advice which they
did not seem at all disposed to take.
Mr. AUSTIN (director) moved the adjournment of the
meeting for three weeks. This was seconded by Mr. Low,
who on beine, questioned said he had paid Ins calls, put
from the chair, and carried.
A subscription of a shilling per share was entered into
by the dissentient shareholders to defray the expense of
obtaining legal assistance.

Mr. Wells, Mr. E. Nicol, Mr. W. F. Foams,
Mr. Pettis (painters), Mr. Durham (sculptor), and Mr. G.
Street (architect), were on Tuesday evening elected As-
sociate' of the Royal Academy of Arta.