The Express.
London, England, 1861-06-01 00:00:00

SOUTH wssriszr RAILWAY.

A %much& meeting of this company was held
on Thursday, at the Waterloo Station, to consider certain
bills now before parliament. affecting the company's in-
terests. Yr. CASTLZMAN OCCUpied the chair.
The Climax/or, in opening the proceeding., said Captain
Mangles had purposely, through a feeling of delicacy, kept
away born the present meeting, as, after they had disposed
of the bills before parliament' they would be called upon
to consider the terms of au agreement for the abeorptiou of
the Wimbledon and Epsom line, in which he was interested.
The same delicacy of feeling had prevented his taking any
part in the discussions of the board in Memos to the same
subject. With this explanation be would move that the flier-
ill approve of the bill formaking a line from Alton and A bas-
tard to Winchester. The bill was promoted by independent
parties, who sought running powers over the South West-
ere line, which provision the emptily opposed and got struck
out of the bill. They had, however, gated their willingness
to work the line on a fair arrangement when made, and the
bill gave them power to subscribe to the undertaking ; but
on that point they had held out no hopes to the promoters
of the bill.

Mr. Tit; S.P., seconded the motion.
Dr. Sterile and other shareholders strongly objected to
the principle of encouraging, by falling into their views,
thempuices who were in the habit of promoting small
local lines with the view of Laving them bought up by the
Lure emapanies.
It was, however, explained that under the 'wenn! eys-
teen of parliamentary inquiry it was impossible for the oom-
pusy to guard their interest against aggression.
The bill was then agreed to.
The CHAIRMAN next proposed that the meeting approve
of a bill to make a line from St. 1)eoia; near Southaiimton
to Halley Hospital. He explained that it was, as regard;
the company, • bill precisely similar to that just
"mod to. •
After • repetition of tho same objections as in the last
see, answered In the RAMO manner, the bill was approved
of, as was also a bill fur affording increased railway com-
munication between Salisbury and the southern portions of
Dorsetahire. _

The CHAIRMAN next proposed that the meeting approve
of the Walt Loudon Extension (Increase of Capital) Bill. He
expbdeed that the line and the docks connected with it
were nedertaken by the Great Western, the North Western,
the Brighton, and the South Western Gompsoies, on a
capital of 300,000/., of which the two former companies
subscribed each 100,0001., and the two latter 50,000 i. each.
It had, however, been found that the actual east would be
in excess of the estimate, and it was now proposed to raise
105,000/. more in the same proportions. Their share, there-
fore, would be 17,5001., making their total sabeceiption
67,5001., for which they would have the uao of the docks,
and au access to Kensington and the Exhibition of 1862.
The other companies had already agreed to pay their re-
spective shares of the new capital.
This motion gave rise to a keg dieseesioo with respect to
the poosibility of the company's forfeiting its existing rights
on the West London Extension line, in on,. it should de-
cline to follow the example of the other associated compa-
nies, and subscribe to the new capital in question, which
the solicitor of the company expressed himself unable to
solve. The meeting, however, agreeing with Lord Bury
that it was a foregone conclusion, sanctioned the bill.
The Whernclifie meeting was then adjourned for the con-
sideration of a bill not yet !sufficiently advanced in legiala-
non.

Another special meeting was then held to consider two
agreements : the first with the Wimbledon and Epsom
Company, sod the other with the Chard Company.
The CHAIRMAN, iu moving that the meeting approve of
the Epsom or Wimbledon agreement, said that when that
line was first proposed it was in a friendly spirit towards
the South Western Company, who subsenbed .10,0001. to
the undertaking; but afterwards the two companies became
litigants, and in the litigation they (the South Western Com-
pany) had to pay not only their owu costs but also three.
sevenths of the costa of thiuropponents. The Epsom Company
had now power to nose 27,0110(. more capital, and the South
Western Company have to subscribe its proportion, three-
sevenths of that sum. To prevent this, and to stop all
future litigation, it was now proposed to pay off the other
four-seveotha of the capital by issuing to the other share-
holders so much of the company's Four-and-a-Half Prefe-
rential Stock as would produce theni 31 per cent.
per annum for four years, and afterwards 4 per
cent. on their stock, and to provide a sum
not exceeding 2'5,000/. of the Epsom Company's
liabilities beyond the original capital of 9:1,0001. The
Epsom Company had no doubt the best of the bargain, but
still the South Western Company had better agree to it.
They would at once save 7001. per annum—the cud of
management, and as the traffic was increasing at the rate of
8001. per annum, at/ would ne.xt year gain on that about
101., after the paymeut of the debenture interest and the
3) to the shareholders ; whereas, up to the present mo-
ment they had not received a farthing return for their
30,0001.
After a long discussion, the agreement was approved of, se
was also the agreement for the purchase of the Chard line
(not yet commenced) from the parties holding the bill, to
prevent the Bristol and Exeter Company, by an extension
from Taunton, taking the company's traffic.

RAILWAY COMIIIITEWL —Yesterday the awe of
the Sherborne Railway was opened by Sir F. Slade, and
evidence tendered in its behalf. The case of the Cork and
Macruom Railways was closed by Mr. Calvert, Q.('., but
the committee adjourned until Monday, when Mr. Mere.
wether will wind up the whole CM, upon which the com-
mittee will give their derision. General evidence in con-
nexion with the question of coal and goods traffic was con-
tinual iu the committees on the Newcastle, Derwent, and
Weerdale Railways, soil on the Cleveland Railway ; and
evidence on the
I.
of the promoters of the Swansea and
'death Railway is still proceeding in that committee, and on
the Loudon, Chatham, and Dover Railway extensions.
The bill of the Kingston•on•lfull Ibid./ay Docks was passed
in the Loris, and that of the Barnsley Coal Railway opened,
but not without opposition on the part of the Lancashire
and Yorkshire Railway_Company.
METROPOLITAN BOARD Or WORK& —The usual
meeting of the board was held yesterday, Me J. Thwaites
is the chair. In answer to a goodie° hum Mr. Deputy Har-
rison, the chairman add that the bills for the aineudment of
the Meiropolis Management Act still stood for considera-
tion, having been frequently postponed in consequence of ,
the house being counted out, nut upon these bills, but on
other questions which the House of Commons were indis-
posedto consider. A report was brought up from the
oes sod Improvements Committee, recommending that
the beard do contribute ono-third of the coat of effecting
a public improvement in Basinghalbotreet, to be carried ont
by the Commissioners of Sewers of the City of London, by
setting back a portion of the premises at the northeast
corner of that street, estimated at 900/., such contribution
not to exceed 3001.. and that snob amount be paid to the
Commiuioners of Sewers of the City of London, on a certi-
flmite from the architect of this boanl of the completion of
the work. Considerable discussion took place on the
motion that the recommendation of the committee be
adopted, which was ultimately carried by a majority of 18
to !,

UNITED ASSOCIATION OT SCHOOLMASTERS OT
ORRAT BRITAM—The last meeting of the amnion of 1860-
61 was held yesterday evening in the lecture hall of the
Sunday School Union, Old Bailey. Mr. E. C. Tuffnel pre-
sided. Mr. Tate, the pre‘illent, delivered • lengthened
address, in the course of which he warmly complained that
the Royal Commissioners on Education had in their report
considered the schoolmasters as mere negations and nonen-
title.. He also maintained that the commismosiers had
chiefly regarded mechanical results, and that they had
almost entirely ignored the real educative work of the in-
telligent schoolmaster. The eddies was of a lively charac-
ter, and was followed by a discussion. Mr. Duintree con-
curred with the chairman in estimating at a low rate the
teechiog which aimed entirely or chiefly in producing me-
chaaimal results. Mr. Shields maintained that io many
tholes.
ghtthe th
egosycehmooml v.!t
kinns peel
aul nwterere.winewifiitchient.
insolencel l e
and coarseness by the commissioners. After other gentle-
men had spoken • vote of thanks was given to Mr. Tate for
his instructive address, nod • similar tribute was paid to
the chairman.