The Express.
London, England, 1868-04-21 00:00:00

STAFFORDSHIRE.

11110111•111.)
(11101( 001 OWN oosiourosozer.)
HANLY, TURSDAT MOWING.

Mr. Alfred Barlow, contractor, of Stoke, has
suspended payrseat. His liabilities are 27,000 t. He was
engaged ea the North Stailonishire Infirmary, the sewer-
age al Bluewsbury, the Wedgwood Institute at Hanley,
the Proprietary Hotel, Abergweenny, Town-ball, Ito.
An arrangement is mid to be probable.

RECIFE AND SAO FRANCISCO RAILWAY.
(THIS DAY.)

The half-yearly meeting of the shareholders was
held this afternoon at the ladm Tanen ; Mr. ROSZat
Bansoir in the chair. _ _

ii•TreTsert, which had been =nod some time before,
having been taken se read,
The CHAIM/a moved he adoption. He congratulated
the meeting on the progress made with rd to the
extension of the tee, which the govern-
ment had, he acid, promised to promote, by whath he
understood to make it &cabinet question. The board had
written to the government to the effect that in their
the extension was a matter of =ties= obligation,
opinion
company being in the position of • foreign creditor.
When the extension was greeted, the =ten-
tiem was to guarantee • sufficient rem for the
otostraction of the railway. It was to slate •
maximum sum, but experience had shown the rail-
way could not have been made for the estimated
amount. It was not intended that substantially the
matter should depend on the cement of the
=tore ; and the fort that the government had
upon them to coosthact additional works involving
a oast of 300,0061. materially etrengthemed their ease.
Although the delay was annoying there mould be se
doubt that justice would ultimately be =Mimi
With regard to the treak, he believed that
it was about 2,8001. less in the last =lf of 1067 than
was in the last half of 1806, while the expenses were
about 1,5001. lem. The year 1867 was not • geed
year for • development of bade is emosequenee
of the war ; bus this year there wee a revival of
traffic In February the Mile wee 8,6661. against
7,4471. in February but year, sad is Marsh then we eke
• considerable bores= The momppaaney not having has
aide to get oat its debenture the direeton wen empalled
to offer the shareholders, se heretofore, deferred wearents
for the dividend instead of mosey. Tb. therms of the
rolling stook was still seder ecarrideration. Until
the war mime le an sod it would be ;sad= to think of
c le
the
railway. t *added that the clam of the
company on the BrariliTgovernmeut weld net be re-
sided, menially as the meant at stake wee the paltry
one of 400,0001.
Ul. believed that the 110111platt
were now satisfactory, though he regretted ="wiem JOHN JON=e
mot more active =opened= on the path of the Brazilian
Ninie-ert. who =a en ex-ellete director.
•

thought ft wee high Um lint the
althe extenelea elf the gnerentee should be
= Went the liesals, that Ile eineeheidees Weld
er
law whethwas to be ratified sr net. (Rear,
Re believed it w
ilde he 'stilled, the saffetentiel jenteebsari
IM &dm having bees already esseeded berths govenn
seent fa sabnag the umonst polararb sad
the
akin itself eisetiesed by the p Meal of the
lierstriutas, is replying, obeerwed tint the e
s
.Mr
power to issue shoat 56,0001. non el debentures,
sad that the divides& were reeeived here is sesrlieg
adding that be hilly eseenned is ell that bad been said
aboat the shim of the seepasy spas the pswment.
The report was adopted, awl the preoes terndasted
in the nasal sonars.