The Express.
London, England, 1850-03-01 00:00:00

NORFOLK.

Yesterday the half-yearly meeting of this company
took place at the offices, Guildhall-buildings. Mr. C. W.
TYNDALE, the chairman of the board of directors, presided.
There wag a thin attendance, not more than 30 shareholders
being present.

Tree CHAIRMAN having briefly alluded to the retire-
ment of Mr. Duff from the board, which bad caused his
election to the chair, the report was read. It stated :—" It
is gratifying to observe that the revenue account txhibits a
steady increase upon that of the corrnpondieg period of
1848. The directors are happy to report the continued good
undirstsnling which subsists between them and their eel
leagues in the Eastern Counties direction, by which they
are satisfied that the best interests of bolls companies will be
pr:moted. After mature consideration, it was ureic!, d, in
concert with the directors of the Eastern Counties Company,
not to renew the application to parliament for the 'mains.
mation bill in the present session ; and the directors readily
assented to this, in the conviction that the experience of the'
joint working of the lines will gradually remove all obsta-
cles to the measure, by more cl'arly dent ping the 'dean-
ups, both to the shareholders and the public. The divi-
dend to be declared will be the same as that of the Eastern
Counties Company, namely, at the rate of Ifis. upon the
1001. stock, for the half-year."
The CHAIRMAN said the interests of this company were
at present canpletely hound up with those of the Eastern
Counties Company. He regretted to find the amalgamation
scheme still opposed by some members of that company ; but
the Norfolk Company had nothing to fear from its rejection.
Still the continued agitation of the question kept their stock
below irs ',slue. One of their auditors, Major Court, had
presented a long report, which only came into his hands the
preceding day ; and to his surprise he found it that morning
in the Tino4s newspaper. He could not but think that
Major Court, being in some way connected with that news-
paper, must have communicated it himself; and this he
thought highly improper con :not, both as an auditor and
a gentlemen—as the report contained grave charges against
the r iree-ors.

!dojo? COURT admitted having communicated his report
to the paper, and said its publication would do the compan7
inFood. He had left the report at the Mike, kavicg tt
in their discretion to publish it or not.

The CHAIRMAN said the discretion of the Tinley in
that matter was well known they were engaged in a fierce
crusade against rsilways. H;e must repeat that the course
Major Court had pursued was highly improper.
A SHAREHOLDER thought Major Cana was justified
in the course he had pursued, ("No, no.")
The CHAIRMAN said the auditor's report would have
been pubiiahed with that of the directors had it come in
time.

The SECRETARY then real the report. It complained
that no balance-sheet bad bean delivered to the auditors, that
the half-yearly accounts were in an obit etionable form, and
that many sums were charged to the capital account w hick
ought to have gone into that of revenue. He (Major Court)
had required that the accounts of the Lowestoft Railway and
Harbour should be submitted to audit; bat this the direetors
refused. In the accounts for the previous half year, ending
June, 1849, items to the amount of 19,000 i. herd been charged
to capital instead of revenue. Respecting the last haltyear's
amounts, the two auditors had disagreed as to the prin, iple
on which they should proceed, and this report was from
Major Court only. He took objection to a number of small
item, and is conclusion recommended the closing of the
capital account.
The CHAIRMAN replied to the 'herpes seriaMse. He
smarted that a balance-meet had been duly delivered to the
auditors as required by the statute.
Mr. TILL, • director, explained that the non-production
of some of the vouchers arose from their necessarily being
oat of the hands of the direethre at present and some of the
permit twin bees wade through the Matters Caudle.