The Express.
London, England, 1857-08-01 00:00:00

AND INTERNATIONAL TELEGRAM!
GYMPANY.

The twenty-third half-yearly ordinary meeting
etpropeaßom was held y.rorit;ertdie, at the Leaden 'fairer ;
J. L. RICARDO, Er ~ ing. The report—an abstract
of which appeared in yest ay's Arpren—was taken u read.
The CHAIRMAN in moving its adoption, raid that nothing
bad been further from hie expectation than the result of the
teat half-yearly meeting, sa he wan most anxious then to re-
tire from Ws position r chairman, and when he told
them that they had ao fewer than 359 agreements,
of which 11l were with railway compere*, and
when he recalled to their recollection the foreign corre-
spondence and other business which the directors had to eon-
duet, he thought the meeting would rocognior their claim to
the resistance of the shareholders. He had retained ollioe at
their snob, somewhat unwillingly, hut he thought he might
congratulate them on the result of the half-year, at their
shares were now at ninety, and the errs which had fur a
time affected their proepenty had disappeenth and he hoped
would nut come again. (lien, hear.) He bed hinteelf ori-
ginally held a larger number of shares than he was desirous
of continuing ti hold, and No hod others; and the sale of •
portion of these shares had had the elect of depreciating their
property ; but these shares were now fairly placed, so that that
cause would not affect them again. Another muse which had
affected the value of their chen s was the dissertations which had
emoted among the preoprictory, and which he hoped wee at
an end likewise although if any charge were te be made
against the beard ho trusted that it would be done openly.
(Hear, hear.) The ehotinnoin then proeoeded to comment
upon the report. The increase of receipts from 78,5161.
le. tr., for the hall-year ending June. 11456, to 89,4611.
10s. al,, for the hall-year ending June, 1857, wee, with the
exception of 41 miler, upon the rule mileage, which was an
encouraging result, and the directory now recommended •
dividend at the rate .of ri per cent. They however thought
it advisable that for the future the dividend should be
heated to 6 or 6} per cunt., leaving the surplus to
be distributed as a bonne among the shareholders at
the end of the year, end a proposition to that effect would
probably be subtaitted to the next halt yearly meeting. At
the lief half-yearly meeting it was mentioned that, in order
to rile capital, a preference stock ehould be created; and
the directors hod prepared a bill for that purpose; but when
they came to look the matter in the face, they found they
could meet the charges for renewals contemplated out of
revenue, and therefore they abandoned their intention. They
did so with greet plex-ttre; and, attar paying all renewal
chars he hoped in future to announce to them es good •
divider, OA that foe the current year. (Cheers.)
The report was Ikon adopted
unanimously.
Mr. WV testi said it had been stated in the Hone of
Commons that some irregularity had taken place in the
transntirion of new. from India by hurt mail, and it bad been
mid that the message from Tritote occupied twenty-eta
boors in its IMIDSIIHMIiOII, and that it had been divulged by
the company for stook-jobbing purposes. He whaled to
know whether that company had anything to do with it P

The CHAIRMAN Raid ;he 1181104(1) fur that giveninuent war
not treasolittad through that company. (Hear, hear.) An
Inquiry was made of Mein Ly the Submarine Company en
the day in question whether they had received any Indian
news, to which they replied that they knew of no Indian
*ewe, and were not in the habit, as directors, of knowing
anything of the nature of the inerwages tranainitted ; and be
held it to he one of their first principles of business to main-
tain inviolable 'ropey in Purh matters. (Hear, hear.)
Mr. Ha wsox inquired if their line had not broken down
somewhere during thee tritnamiriaiun of the intelligence?
The ell MN N paid there wee a thunderstorm somewhere
mar Munich at the time, which interbreed with the action of
the wires, but that wee beyond their own line.
After some further queetions of no importance had been
put and anawmad, the proceedings ended with a vote of
thanks to the chairman ; the unanimity exhibited premmting
a marked contrast to the stormy character of several previous
meetings.