The Express.
London, England, 1868-12-22 00:00:00

ORDINARY EINAR= AND STOOLS.

Bristol and Exeter, 764.
Caledonian, 74.
Great Eastern, 411, 4.
Great Northern, 106.
Do. A (A receives no dividend until d per cent. has
been paid to B), 106.
Great Western, Original, DILL
Lancashire and Yorkshire, 127 .
London, Brighton, and South 484.
London and North Western, 112, 114.
Metropolitan, 104, 3.
Metropolitan District, 64.
Midiand, 114, 4.
PREFERENCE SHARES.
Great Eastern, E. Counties Estes., No. 1, 1001
PREFERENCE SHARER AND STOOLS.
_ .

Great Eastern, 6 per cont., 1862, WI.
Midland, 6 per cent, 91.
BRITISH POBBIMIONS.

Eastern Bengal, guar. 6 per cant., 1061.
Rad Lew guar. 5 pee mat., 106 f.
Gland 'Fmk of Canada, Ist prefurnios Read., 43i.
Great Indian Pannonia, guar. 6 per mat., Ng.
Great Wieners of Canada, 64 pse seat bonds, payable
1677-714 End)
Saida, guar. 6 per eat., 1037.
Do., jaub, 10i.
INDIAN RAILWAY DEBINTITRES.
Bane., Bar., and Coat. India, 1670-71, 1134.
Itadraa, 1670-71-72, 106.
FOSZION RAILWAY&
Bassos Ayres, Ot. South. (Lim.), pm 7 p. et., 164.
FOREIGN RAILWAY OBLIGATIONS.

Moreow-Jareslaw, guar. by Ituaiaa Govt., 77
Orel Vitebsk, guar. by Blain Ooyaruaraut, f per ass
771, 81.
mouth Aastxian sad Lombardo-Venetisa, 3 per osa , 9.
BRITD3H
Chest Limy (Landed), 90.
COLONIAL AND !OREM lan&

Anglo-inMilienTolrd.inabedTi7ll.
Choatelee Gold and Silver Yin Mg (Lim.), 21.
Don Pedro, North did Bey, $
Prontino and Bolivia Gold (Limited), I, 1-16.
Bt. John del Bey (Limited), 14t.
JOINTSTOOK Burn.

Agra (Limitei)-,
Australasia, 62f.
Colonial, 41.
Consolidated (Limited), 4f, 11-16.
Imperial Ottoman, Ilf, 11.
London Cbartered o* Australia, 22f, ed.
London and Westminster, &sip, 66, f.
11118CZLIANZO_

Angio-ANIO6OIIII Telegraph (LiTnteci), 211.
Atlantic Telegraph, 8 per cent., 721.
City Offices (limited), 1.
ge:9 per cent. Viceroy, guar. by Egyptiaa covera-
-1 51N .
General Credit and Discount (Limited), 61, 1.
Hudson's Bay, 131.
National Discount Company (Limited), 111.
Itio de Janeiro Gas (Limited), 241.
Royal Mail Steam, 47.
Totecro 6 per cent. Lean, guar. by Italian govt., 37f .
Trus and Loan Company of Upper Canada, 6, id.

SCINDE RAIL 11'.1 COMPANY.

11111 S LA F)

REJECTION OF THE REPORT.

The twenty-fifth half-yearly general meeting
of the above company was held this day, at 1 o'clock, in
the London Tavern, Hr. W. P. AJIDALM, oh airman of
the company, presided.
The report, which was taken as reed, referred not only
to the Sonde Railway Company, but also to the Indus
Steam Flotilla, the Punjaub Railway, and the Delhi Rail-
way, concluding by recommending the introduction
of a bill into parliament for amalgamating the whole.
The Casianax, in opening the proceedings, intimated
that it was the intention of the directors, with the ap-
proval of the Secretary of State for India, to move for
the introduction of a Permissive Bill into parliament to
citable the directors, with the sanction of the share-
holders, to amalgamate into one capital stock all the
undertakings of the company. He looked at the aecom-
pliebment of this object as one of the greatest ha
in the interests of the ehareboblers generally. rittihnicle
quoted the opinions of the governor-general. Sir B. Frere,
and other Indian authorities in favour of the complete ex-
tension of the Indus, Railway to the seaboard and the Ste
cution of the harbour works at Kurrachee. The working
expenses of the railway luid men brought down consider-
ably. In respect to the flotilla the directors had just re-
ceived information that the working of it was pro-
ceeding most satisfactorily, and the profits' arising
from it gradually increasing. That flotilla was ca-
pable of moving an army of 10,000 men, with
their stores and Image, within a few days notice.
It was found that the use of wood was far more advan-
tageous and economical, as an article of fuel, than coal.
They bad now 1,200 miles of railway without a break or
obstacle. A magnificent work in itself, and capable of
effecting, not only great good to the shareholders in a
financial point of view, but aLso to the interest, of India.
The chairman concluded by moving that the report be
adopted.
Several of the shareholders expressed wins misgivings
as to the propriety of the proposed amalgamation, and
thought that the most ample opportunity should be given
to the shareholders to consider the matter before any fur-
ther step was taken by the directors in that direction.
Some dissatisfaction was also exhibited in respect to the
working expenses of the railway, which were considered
still extravagantly high.
The Cusreatax, in reply, disclaimed any intention on
the part of the directors to treat the shareholders with
discourtesy or disrespect. They had no wish to take any
' step in this matter without consulting the proprietors
generally, feeling that their interests were in common.
He, however, eon/Need he viewed the suggested
a
"nation of the various intereeta as • measure rt
utmost importance and advantage to the company gene-
rally.
Ur. Serjeant To= proposed am an amendment, that
in the opinion of the eNiere at this meeting, the
directors shall not proceed at this time with the bill for
amalgantating the undertaking.
The Csaxamsa said he could not sant the resolution
of the learned serjeant as an amendment to the one that
the report be adopted. He suggested that the amend-
ment ought to be to this eff —that the report bo received
and adopted with the exception of that part which relates
to the question of amalgamation.
ID. Serjeaut TOLES hoisted upon his resolution being
t.
The Citizens-sr declined to do eo on the ground that the
resolution of the learned gentleman was informal.
The question was then put that the report be adopted
minus that part relaying to amalgamation. The result
was that a majority declared themselves against the re-
port ae a whole.
The CZAIRMAN then demanded a poll, to be taken as
hereafter to be considered.
After some further discussion,
The CZAIIIMAN put the simple question—that the re-
port be received and adopted.
This was also negatived by a majority.
Serjeant Toser's resolution was then put as a substan-
tive resolution, and agreed by a large majority amid
cheers.

The Rev. A. D. Wagner, of Brighton, fell with
his horse the other day and sustained a fracture of the
collar bone. _ _

8031ERIe-TOWN AND Noun LONDON RILTIF
ANSOCUSIoN.—Mr. 7. H. L. Christian bege to acknow-
ledge the receipt the following wtheunipboas in stamps :
—Dolman Truth, Is. ; Little 2a lid. ;X. D., Is. ;
O. P., 2s. ;C. .X.L.P. O. 0., 10e.
Law AND POLIOZ.—It appears probable that a
new Chief Commiedoner of the Xitropolitaa Police will
soon have to heir Wed. As the law now stands, "ony
lawyers need inter
Eviso thsib limit the
number of av le can and it his be IWO little
to recommend it. It is not li y that any amismit lawyer
will be found with the adiainiabstiv• West and the
muscular awry which are almost thilligenee,his if
the duties of the office are to be difeitally carried
out. It is proverbial that "a little
is a dangerous thing " and is liethiag does thi=
hold more true than 'in law. The bead of the police is
essentially an executive officer, and It would be far better
for him in all questions which may arise involving
doubtful legal construction to act under good pro-
fcesional advice than upon his own knowledge of the law.
" Every man his own lawyer " has brought many a
man to ruin, and a chid otheinissioaer of police his
own lawyer is most undesirable. We do not advocate
the military organisation of the polio* force, nor do we
agree with the writer, supposed to be a sub-oommissioner,
who, under the name of " Castes," recommends" that the
police should be subjected to more dtraryrill, so that it may act
as a military body " the con, we think tha
already the polio. bare been subjected to too much drill;
but, if we are to judge by evades" the military
tendencies are not checked by Seeing a lawyer at
the bead of the force. If the orthathelion of the metro-
politan police is no longer to be aweal& to all eon-
meted with it, the paramount asMierft of the Home-
offios should be made a Naar bathed ef a seas, and
the Chief Commisiosisr she instead of isseemarily
being one of the " Own," be a men of sips-
, and &disintegrative skill. It Is by no
math Impossible to dad snob a tuna.—Desle