The Northern Daily Times.
Liverpool, Merseyside, England, 1856-04-26 00:00:00

ROYAL S tVEDISH RAILWAY COMPANY

•At an adjourned meeting of this company held yester-
day, at the Londoh Tavern, Mr.- Rhodes in the chair,
Mr. tottie:the chairman of the Committeeof Investiga-
tion: proceeded to read the report of the gentlemen
constituting the committee, which, in the most elabor-
ate'mauner,, set:forth the position of .the affairs of the
company, in connection with the defalcations of the late
Mr. Sadleir. - • _ .

Very long discUssions • arose out of the report, which,
however, w is ultithately received.
From questions which were asked, it appeared
that the estimated capital required was £350,001, the
debt of- the company was about £50,000 or .£6.),090.
About £50,000 would be required to complete the first
section of the line, bin the committee strongly recom-
mended the proprietorssto advance the money.to complete
the line. Their estimate of the cost of completinz, the
other portion of the line, was not more than £5,000 a
mile.

• Mr. Mocatta considered that the affairs of the com-
pany were almost in a hopeless irretrievable state. It
had been proposed in the report to advance £4 per share
with seven per cent interest for the first five 'years,-and
six per cent afterwards. But what would be the position
of himself and others who were original shareholders?
The conloct of the Swedish government was, he thought,
really azgresive,
Mr. Tottie believed that notwithStanding the t efalca-
lion of the 'late Mr. Sadleir of £346,000, they were
liable to some reductions. They had a good prospect
of .-a dividend before them, and looking to other lines
formerly in Sweden and Norway, he felt assured that
this was one of the best lines in the north of Europe.

In answer to a question put by a proprietor as to
whe!her the committee had torne 1 their attention to
the personal liability of the directors, under whose
management their property had bees so frightfully
dereriorated,
Mr. Tottie said the subject had engaged the attention
of the committee,, but that was a questims which must
be settled by the future directors of the compsuy. •

An nprnnrininz dicinrhanop fniln xed. whLth 'resulted
-in resolutions being carried that the board of directors
in Sweden should consist of live members, with at least
one Englishman.-' and in London of seven directors, one
at least being a Swede.
General Ai tcheson moved, and Mr. Thornton seconded,
the motion that W. J. Chaplin, Esq., M.P., William
Toctie, Esq., Messrs. Thomas Blose, Gens. Miller and
Seymour, be elected directors.
After some personal remarks levelled against Mr.
Miller, these gentlemen were elected.
A resolution was next carried, proposing the directors
to take such steps as might be necessary for recussitating
the company, according to the report made to the meeting
held at Gottcnburg.

The next resolution, giving power to the directors to
issue shares to the extent of £83,334, being £4 shares
each, was-negatived; and it was ultimately determined
that the remaining points adverted to in the report, be
deferred until after- the report of the Committee of
Investigation should be printed.ani circulated.
The meeting was. adjourned till. Thursday next, when
the report will be considered in detail.

THE NA-VAL REVIEW.

SOUTHAMPTON, April 21.—This t ►wn has scarcely
yet resumed its wonted appearance. An immense
number of the visitors to the review are still here. It is
now ascertained that forty-two steamers of all sizes left
Southampton pier, quays, and docks, yesterday, with
visitors to the naval review, and that they took to Spit-
head upwards of 20,000 persons. 700 hundred persons
breakfasted on board the Atrato on Wednesday morning.
On Tuesday and Wednesday twenty-four special trains
arrived at Southampton, and during this day twenty
special trains have been despatched from hence. At
about eleven o'clock last night the crowd was so
great and so clamorous at the railway station that the
windows of the station were broken, and the police were
obliged to rush outside and display their staves. The
only serious accident that happened here yesterday
was the running down of a tug steamer. One of the
Union screw steam colliers, named the Saxon, had been
to the review with a large party, and was then hired to
bring ashore the passengers of the La Plata. It was
then dark, and in performing the service she ran down
one of the Southampton Tug Company's steamers,
called the Belmont. The captain's wife and child were
asleep below, and there was only just time to save them
before the tug sank.