The Express.
London, England, 1857-07-16 00:00:00

GRAND TRUNK RA IL WA OF CAN.ADeI.

Subjoined is the report of the London directors of
the Greed Trunk Railway Company of Cann&
The Loads directors at the firmed Took Railway
Company, in tranwittleg the eacesawylig Mike for •
special emend rneetiag to be told •ITorenile. ea the 2dth
proses (in lieu of the notice foe • monies a• lb. 29th
MM., which tied Wass* in wee AIM 011•111119 pYI UMW
seise of the opportunity to salimit to die shanholims the
following stateust of the evens of theist 12 therie, sod
▪ ths penent peition of the company. Tbe sestlisme et the
newsy that went unfinished se the den et the lest meet,
gamely, from Guelph to • tratford, 911 Mee, en 4. hese Desk-
Mlle to Toronto, 210 miles, were the Mile he
°chiller lad year, thus making the lilt same at the OM*
limy 1149 miles. Previously team web( et the abes
liar, the chief engineer et the esempemr sepeeted Met the
=bee; IliTtrealilfworeye=llmiellAels=ma I=iteel,
is Md. were remade* the thee le eery oe the teas
with aist thredemthle Main te ale stock, and further
SW. wed stades ecitimmeededimormild In required. It
her Merefere Mr heed ureerey MWM active s.
Ise etas se s I Nee adatera web et theirs, me eta se
et pro r lad (weds este. ffs hue mamas/4
bees pies for fertriese aegis ; et
bets boss or me le there of berg belie in Eng-
Led, thirty-twe Omsk end we ht the United States.
The London Meielegy aimbilag with the guvernment of
Castle, awed It Or pet hemertmem dot they should be
ie►
poweeks of • wee *OM am emffereie et Mgt Owing,
wholly the peethees 4111111•6111111 et the 0111111.
pony, up= tee eurgemeden glebe eglow. the aseseseetthe
troths, end the et dr Mai Mesh seppithl oar the
contends. They -asitherier sethirewleividt Mr.Chseles
Button Orton, C.ll, be hit pipe.. Kr. Gerry lett
Zeikel Ire Apia eel he threelses bra by _licaktiamm
Mime her Cede.that be bee rely entgieth In. is-
gleam ire est his .wean Is his sewetti may be ex-
pand ban the these et the prewit thsedu Immediately
ghee Otopey's enivel leasehold the hart Worm-
as ea the withers wheel Is lir will be pfao to he shin-
trrThe diseases timbre, In the mw.ie, to Wee their
iliat the ewer wa Ile of a rep adahers, sheerer.
the works of dr Thesis Bridge hew lees amid se see.
osteedly up to the asset list seems The tee Automata
sad wise of the pees see sow completed, end the leembweek
Amin tuba is le • Who at prop shoats prestur la the
dedemott which the leads directors eaboaltted le the
rirlnt yes the adoption of the Metier Aet, by
sedion 1616, was sod it
Um
be to the dithers to one epee the government
eme midlands. se might be mmeklensi advisable.
Ilementregly, In the lost .on of the Cannifis prellemest,
=twr 1111111111 M ths leghleime, nprometieg that
ea ad astsehre that railsf In the esompery wilkt
be tewtheeerete, dereeded ; mid amt hie bees pored.s
mei which is trememitted herewith (Appsift A), by
ender certain emeditiona, the claim et the province
E: a, company la respect of the debt of upwards of three
la postponed ee the pay:nester dividend to the San-
beldees at the ram at 6 per cent. per annum. The effect of
tie rest imporlast cosision, for ',hid, the thanks of the
lawakettlere ore jartly due to the Caned an government and
lighisture, in to piece the share and debenture capital in the
most favourable ponds, as will appear from the followiop
statemeat, showing the comparatively wall amount of cspi-
gzenfide at which the Grand Trunk Railway stands es
the quints of future dividend. The Ade
capitol ea which fewest to payable at the present limb
sashed,. of Me mat for the Atlantic and St. Lamaamia
Sailtag ta 3,144,9601.. mode up as follows .—Pretheinee
Mae seeded ta 1656. Amount paid up to 3011 i Am.
; debenture capitol issued, 1,841001. ; time
2,040,7001.-6,144,9M.V. To which rut :Lord
of pmfemice bonds emitted, but not yet and
balms of .olls on preference londs issued, 1,783,11 0/. ;
helms of Jebentins to be sued to Meese Veto sad Co.
ea
ecesubt of Victoria-hri Age, 01,3001. ; balance of sheen,
ditto, ditto, 174,9110/.—Totsl, 7,165,0311. Thus making
the whole capital, including the cost of the Victoria-brid,,,,
sad the other woke required by the act of 18.303—vii., the
extensioes not of St. Thom. end west of St. Mary's, and
the contributions to the Three Rivers, Ottawa end Prescott,
and Coburg and C.:teflon. Railways, 7,106,0401. ; in lieu of
12900,00 W ., the amount of capital authorised. The share-
holden will remember that the cooties of 600,0001. of C de-
bentures wag stliorieed hot year. These debentures are
now sly held in depoit se security for • part of the Edith-
tin of the compony, es net forth in Ansdix C. These
liabilities amount to 681,604/., and tS sum required as
per statement (Appendix ll) for additional rolling stock,
Make, and other accomnicriatime. is 603,8211. The &tromps-
ot reefing epew. Hies that the sanction of the
will be asked to an °seas of capitol to the
extent of two millions of pounds. The resolution, hist% er,
that will be submitted to the lionise will only KS for au-
thority to issue an amount not exceeding one million and
s half, la debentures. 6.10,0001. of this issue to be to
sAud-
tutim of the C debentures created sat year, which will be
cancelled. The directors recommend that these Ottomans
be creased on the taming tenon, viz., that they nook imme-
diately after the 'Meting debentures of the compony and
bear late:viol et the rate of 7 per cent. per annum ; situ that
estethird be repayable in Ave yeses, se-third in ten park
eel en. thied le Mtn year.. The directors believe
that no circumetimcee see liksly t? arise which will

make the imue of the smiles shins, the amount
ef which is 1,583,2001., stoortegy ; and nothing wi:l
be dew by them, with refocuses to this capital, without
the mediae of the shareholders, err eta general meeting.
In 1166, an independent company, called "The Grand Truck
Junction Ittilway Company; " obtained an set fur ties one
Armenia% of a railway frets the Grand Truck lino at St.
Mary's. nisi uti!es west of Stretford, to Lorelei', a distance
a twenty-tofu skilen. The directors of that company hare
arra I. traaster its tights to the Greed Trunk Company,
sit par, sad ma by mean of this short lime an important cons
weed= mill be owl./ with the railways centeriag at Loaders,
hisemy &arable that the ouactioa of the eltagabokiam
siva be OM tithe amalgamation of the two compaairs,
mid less arsoniat which has be.. made for the masque-
*need avanipmert d the railway with responsible Can.aliaa
coolosolora. Ills mosesessary to say that limo is required
Ix doolopont of tragic in • new country such es
Cseeisi la for the realisation of that remunerative rctura
Spas 6911101 whirls eventually follows. It is, however, the
rglib/directors, having regard to the rapid progrem
eek, am well as of the tegiolla further westward, from
dhe amok Trunk mart derive a large portion of its
rgits Ilse there la so mason for doubting the future
prupdlp d the railway. It is obvious that the Weary of
SI brie • systom ens 'Lad no real test of its future groat-
emeird it is salidaCturf to be aide to add that the weekly
wet the current
.year ahoy • ormaideraLle Malmo in
et
train:

'rill COUNTY COI/ITS AND THE ASNI2EII.—The
KGs see** mild, sad these ws• ad
eseall=res Limn& Mir ewe wee shwa
sad MAW to the sele .f timber, s.d the me et 341.
eras nal fer. Tbe 1.13 masay seen by Tokearr
bubo{ seuseseesi. Beelits ale sellhosey platate tar
swismas mite IN. NM torefway petition', there see
res satenue fte the Meet ed Carat slur et the folinnag
vMat tel. fee a *are at ...smutty, , ter RW.,
he IdL sa tirade ef etas two ammo of tame,
• fee fIL Ise immirlos, es ; three einem fit
411. warsethely; re east* MIRy the Dohs
ate= Cempaystpluet the Cad
Thin ma is pert sem taws fiGimerpo.
I Call( vire very sow limputisi isms itar
A have sbe bus aim&

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