The Express.
London, England, 1850-02-19 00:00:00

RAILWAY MEETING.

Bangor lAnwatra

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Cheeter trid tiolybeed
Milo and Belfast Int.-
Beet Anglian
Do. (Al 6 E. &B.)
I Do.(61.100.)6 p. (,'t. Pre
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Do. New Pref. 6 p. CL-.
I Do. Art., p. Ct.. No. I
Do. do. No.,
Do. N. & E. 6 per CL
Do. do. 5 per Cent
Ib. New
Loners tom. are A
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Do. Peep (gee. t p. Ot.)
Do, New
Do. New j &nee
East Linoolnabire
Edintennth and Glasgow._
Beeler, Yeovil, be Doren.
Caner and Lamont&
Great Northers
Do. I shares, A.Deterred
De. 4 norm, ft, 6 p. Ct
Do. 5 per Cent. Prof_
OL ANAL end West. (fre )
Great Nulls of Baglend
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Do. New. ASO
Do. New, Ale
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Lansainre and Yorkshire
Do. do. /IL 8.Zc11.1

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Do. New (rws..6
Do. Liverpool and Bury
Do. West Ilidtag Ultima
Do. Preston and Wyre
Do. g shares (A)
Lords and Bradford... ...
Leeds and TUBA
I Dr. Pref. 6t. ..Cent .No.ll
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Do. Do. Noit,
Do. Quarters 1848 .
I london and B.mentall
UM.. aril/Mon.& Lectest
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Do. guaranteed 5 p.CL.I
lateCroyddn Thirds...
Do. Pref. 5 per
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I London and Grossman
Do. Prete:coos
London & North-Wastern'
Do. do. New 1 alums ...
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London & noutb-Wastern
Du. New, g5O
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Do. ishares, No. 1 .. I
Do. shares, No.
Do. shares, No. ...
Do., ew NIO Pref. ...
Do., Greet Grimsby ...
Do. Sher. 11.11.tn051n...
Do. Ortmsby Dock ..
) Do. Lioooln Union ...
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Do. L7O .hares
Do. Birm. and Derby ..
Do. Conn. B. & B. so. 0.1
Do.P.rewasb Valley P re!. i
Newcastle and Carlisle . I
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Do. New ksc;
Do. Eztension
Do. G %wan. Mi par .CL..
North British
Do. slitutirLis
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Worn, & Wolvar.!
°Old' and Reigate
I Royston and Ilitahin ...1
Scottish Central ...
Scottish Midland ... ..1
I dttrimeititZirro.,
Do., Non OnarininedB .......1
Mtnrosbury and Maim
(Nor. W. Min.)
I Do. Dentistry .„

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Torh,Newaastlek Barwick
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LONDON, BRIGHTON, AND SOUTH COAST.
Yesterday a special general meeting of proprietors
was held at the Bridge House Hotel, London-bridge, for the
purpose of considering the steps to be taken in order to
ware as efficient audit, and of appointing a c msmittee of
shareholders to carry out the necessary arrangements for
that object, or (or t.king such other steps in reference thereto
se might seam desirable. Bastoer. Lam', Esq., chairman
of the board of (linden, in the chair. There sru a small
attendance 61 ehareholders.

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In

. _
S es new
141

The CHAIRMAN, In opening the proceedings, stated that
the views of the directors with roger:llW the present, question
were expressed in their last report, and he would therefore
make such extract. from it u he considered necessary. Upon
this subject the report stated :
"The directors felt that it was essential for the interests
of the property entrusted to their management, that all the
acconatis should be subjected to a therreughly independent
and efficient audit. They have also felt that such an audit
was in the highest degree desirable for thcmr tires personally;
and that, in face, in the present state of public feeling in
regard to railway management, a bed y of gentlemen admi-
nistering a trust of this magnitude had a right to require the
exittance of an independent authority, whose verdict as to
the fairness and honesty of their accounts would be beyond
suspicion. To secure an efficient audit,the directors believed
it to be essential to make arrangements fur having that audit
continuous ; and to secure its independence, they endeavoured
to induce a high commercial arrhority,such as the Governor of
the Batik of England, to undertske the task of nominating a
professional accountant to act in coajtuaction with the other
auditors. Failing in this, they had no alternative but to make
a provisional appointment themselves, and they accordingly
selected Messrs. Quitter, Ball, Jay and enable, as combin-
ing professional eminence with experience in railway ac-
counts, giving them a general instruction to audit the
amounts of the current half-year in precisely the same
manner as if they had been appointed by an Lad( pendent
committee of investigation. The course to be adopted in
future now rests wish the proprietors, and the directors hope
that the ensuing general meeting will nut pass by without
their making 1131110 satisfactory gement. Withtut
wishing to interfere with the Liscretion of the proprietors in
the matter, the directors may ba permitted to suggest that
the inauffi:iency of the old system of audit has arisen, in a
great measure, from the action of the shareholder+ being
exercised only at general meeting', the practical effect of
which, unless during periods of evfitement, ie almost neces-
sarily to give them no reel contra or voice. This might be
remedied if the general meeting were to nominate
a small standing comnitree ef independent shareholders,
whose duty it would be to appolr.t, and de-
cide the remuneration of, the profesiknal accountant.
As regards the question of government audit, the 'directors
are averse to anything that might lead to interference on
the part of the government with private concerns; but if
satisfactory guarantees are aff.aded that such interference
would be strictly limited to the nomination, from time to
time, at the request of the sharebollers, of the professional
accountant employed to audit the accounts, they woad be
quite content to leave the question in the hands of p.rlia-
mint, and of their own proprietors. As a guidance to them
in regard to future proceediuge, the directors will be glad if
those proprietors .who are unable to attend the ensuing
general meeting will intimate their views upon the question
of audit by letter, addressed to the secretary, before the
meetinsr.'

---
Dlr. FLOC!) then moved the following resolution : " That
a committee of five shareholders be app.inted for the pur
pose of makeig the necessary arrangements to secure an
efficient audit of the halfsysarly accounts, and with full
powers to call for all books and papers. end to take each steps
as may by necessary in reference thereto."
Alderman WILSON seconded the motion, and said it was
much to the credit of the directors of this company that they
were the first to come forward and express their willingness
to place the matter in the hands of the eharrholders.
After some dieritssion, in the course of which several share-
holders expressed themselves in favour of a government
audit, but the majority against it, the motion was tarried.
It was then proposed that tne possession of 2,0001. rock
should be the qualification of each ,ember of the com-
mittee.

fhis motion having been adopt], the following gent'emen
were nominated to the committee, and elected by a show of
hands : Mr. Starry, Mr. Levy, Mr. Muggridge, Mr. RCMP,
and Mr. Mantleld.

A vote of thanks to the chairman closed the proceedings.

6 dia.
4 S die.
11 9 die.
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7 9

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19 1

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246 236 dim
46 16 dis.
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131 16
10 0 dl.
191 ni
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16 151
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21
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SOUTH-WRISTISH.H.—IT is understood to be the intention of
the directors or this company, after the half-yearly meeting
on the 26th, when the shareholders will have had an °nor,
tunity of considering the report of their own committee on
the charges at ctiil the probity of the directors, to call •
special general meeting, and "to place at the disposal of the
proprietors • c.rtaiis number of beats in the direction, tc fill
up or not, u they please ►nd how they please."
LANCA6HIRE AND Yoa•aulaa.—At a meeting of the
railway carrying interest, just held at Halifax, and of the
members of the Bolton town council, petitions to parliament
were adopted against this company's bill for increasing their
rates and charges in respect of goods and passergers.
NORTH STAFFORD/I/WM.—The committee of inquiry just
appointed by the directors consists of Mr. W. C. Rowe,
barrister; Mr. H. Blair, solicitor, and Mr. Barwise,
accountant.

WATZRFORD, WEXFORD, ♦ND WlClLLOW.—Yesterday
the adjourned meeting from the 4th inst. of dissentient
shareholders was held at Fendall's Hotel, Old Palace-yard,
Westminster, to receive a report u to put proceedings, and
with reference to measures in contemplaticu for th • protec-
tion of the shareholders, at the approaching half-yearly
meeting of the company. Mr. Jervis Amos was called to
the chair. There were about 20 shareholders present, repre-
senting 4,000 shares. A very voluminou. report from
the shareholders' oommittee wee read by the, secretary,
Mr. Nub, deecribiog the lavish expenditure incurred in con-
ducting the undertaking, and explaining the expediency of
opposing in parliament the new bill proposed by the direc-
tors. A long discussion, in which Captain Warrington, Mr.
Hansard, Captain Richards, Chairman of the Sambre and
Meuse Railway, Mr. Freebody, Mr. Druington, and others
took part, resul ed in resolutions of determin►tion to attend
the half yearly meeting of the directors, with a view to a
demonstration "for the protection of the shareholders and to
bring the directors to justice," fir which purpose Mesas.
Amos, Joyce, and Hadley were added to the existing com-
mittee, and to prepare petitions to parliament, complaining
of the conduct of the directors, and praying for a committee
et inquiry.

A PROTECTIONIST MEETING of the inhabitants of
the county of Denbigh was held at Buthen, on Friday, for
the porpoise of suggesting • remedy far the present depressed
state of the agricultural claws. Lord Dungannon proceeded
to move a resolution of the newel protectionist character,
but en amendment was brought forward by the freetraders
present, and carried, to the effect that efficient relief for the
distress felt by thou engaged in agriculture would be found
in a judicious system of national economy, and such a re-
adjustment of taxation as would reduce the cost of living to
the entire community, by enabling government to repeal the
duties on articles of general consumption.
A Cobiuos IN FLA3/1311.—Last evening, between
flee and six o'clock, information was received, almost simul-
taneously, at the various tire-engine rations in town, that a
tremendous fire was raging in the directii a of Nine Elms,
Vauxhall. The engines of the West of England and London
Brigade were immediately ordered out, but whilst they were
being horned several other persons arrived from the various
bridges, describing the scene of con flag ream as lying towards
Battersea. The firemen teeing arrived as far as the Wands-
worth-mid, they found the distant country illuminated to
such as extent that they believed a tremendous tire was
raging, but the exact locality completely puzzled them.
Hundreds of men, on foot and horseback, were also hurrying
towards the bre, when, on getting almost as far as Wands-
worth, they were met by an express, bringing the intelli-
gence that tha cause of so much alarm was owing to the furze
on the common having been set on fire. The firemen,
having learned that no house was near, returned with their
engines to their stations. The persons who brought the
news informed
iNmAeoitAthesT Tfirem:usnth2.laor
upwards of
of a mile in extent of Ike furze was in flames.
m etbr".nes:lirtTh
of some
influential speculators on hone-Tattoo doubting that any man
under twenty years of age could be found to accomplish the
teat of walking twenty miles in three hour—a feat that had
only been performed in that time by the celebrated Charles
Weethall, when he was banked by the Marquis of Water-
ford—one of the members of Tattereall's offered to bet 100/.
that William Spooner, of Tarnham-green, would achieve the
teak, which being accepted, the match cam* off on Saturday,
ever a an untied mile of ground, at Bedfast about threes
miles beyond Hounslow, and bets amountin tto about 2 0001.
also depended on the result. About two o'clock, Spooner,
who is • well made young man, standing about 5 hot
6/ inches, and weighing nine 'tome. started. He walked in
a perfectly fair manner and in good style. and completed tbis
first seven miles oar minute snider the hour, and fourteen
miles in two hours and three minutes, when he felt off is
pacer and, despite his most gallant exertions,. he failed to
arooisplisb his herculean task in the stipulated tune—harusg,
when his liberal backer ins sted upon his realgaing, half a
.31011111.--11,c envier ei rill ,ntiaued in a iThibethimer:unh,screoipdtioonaly one minute and a hali to do
wuizamedi.t.iyes.cmdinw it in.
far
1:11 kbat
stow* mete, memo a neaseenta Wag teased la Kothaap home,which is likely to be much usereased.— Meatier,

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