The Express.
London, England, 1850-08-30 00:00:00

NORTHERN COUNTIES UNION.

The half-yearly general meeting of proprietors Ins
held Issisrds, at slis 1 doe Tamers ; Majta
, is the Ask.

last kW-yearly Malt year diresters Mee
a -maimed their efforts to solicit Wm anion of all dim to the
eampasty. The mak et the trial of ea maim breoglit by
the easspeay &goblet as iadaesuel shareholder for Miamian
des apes his shams las set at rest say doubted. if 11111111
ezisted, sf the power of the seespaay to reamer lemUy all
arrears of she oalL Tim aireetais have emempseatly gives
instruirtisas kw preesediege to be immediately mkt • easiest
ail detesters. 'meet la oases coal when time are sump
Brous& far b. laving that safe sups would be email,
wha Tb. direston reemassail W easfirMll4oo by this
meeting of the Whiten of aortae shares ea chub the mill
is in arrear, mad of which doe mhos has bees gives. It
will be ebserved that, daring the lam 11811MUU of
parliament, a ppoeml sot bas bees passed lea
heilitatind the • of email railways, sad
for dissulyiag the imeapaaim The dire:ton hare
memo sow to eitogratulata their stierehokters epee thee/area
hatierto adopted at the ',dietary general saiminio, of not
prematurely, at great expellee, mad with a doubtful prospect
o' succem, itampsag to obtain • spesial am foe Wee Agway
The ',revise= of Me set ere gmerally appisebto to year
company, but the direeton an of opsaioot slut Walt el its
theses an of such • eharacter as to &mud their especial
and deliberate sostaideratme, ad that any hasty adopuus of
its powers would be highly Mexpedient in regard to your
interests ; and they. therefore, automat to you • moieties
on the subject, clutch will esaha your directors to tete
with Inver caution the aseemery steps whea Ws and de-
sirable."

The balsaaosisset was n•d, sad •Alibied suseirs
assoaati•d so 221481 i. 19s. 61., aad • balsam of
29 344 L 6s. 2d.

The CHAIRMAN.** moving the adoption of the report,
sail that the duet on had mediated the boomer of the mew
patsy sine. the last amionag with the utmost mosamy, and
thee intended to do so mita the disoolutiao of the compasy
shall be iffec ed. Tney were detormitsod to save every so
nosemary mimes. A certain pert of the works had bees
eomm•nsed, and they bad spent a one of mosey spas time
mid is the parttime of land, bat they were of opiates that it
would not be modest to spied any funbee rem so the
works. The part of the It.. which had bees sammessed
would probably be ses'al to Another company, and they were
is hopes something would be got out of it kw the share-
holders- He than stated the Railway Atmadosistost Act
provided two modes b 7 whit& commie. an to be dissolved
—namely, by applieatios to the railway connsiniamen, and
i sada* the NV:adios. up An. He thought, trom the well.
I knows expense of the latter proms., toot no proprietor
email desire to have the company's affairs wound up under
that set. There were several classes in the Abandonment
Let which 'putrid the utmost onnideration before the
directors would be justified is proceeding to wind up the
affsun of the company under its provisions. He thought it
wield be better to get in the angers as tolls before they ap-
plied to the railway comeniesionen, otherwise they would
save so power to enforce p iytnent. It would also be desir.
able to come to some arrangement far the sale of the small
partial' of the line already made before they commesood
promedisgs under the am for clueohnien. He concluded by
mono, the ednpoion of the report and mounts.
Kr. BTUTILLY semsded the motion, end expressed his
approbation of the mote in whit& the directors had conducted
the &Lin of the atimpasy.
Mr. TAYLOR Moonily objected to the payment of the se-
smeary at the rats of 601.4 • year for his envies., And cog.
gaited that the amenatatinld be refaced to 3004. par masse,
and mond • vinclutioa to that effect.

Mr. DkVAVX secianieditemsatioa.
A 1 .my dienmaston trued, in the mane or which it was
stated by the director, that the staff of claim had bees re-
dried to ire clerk, sad that the secretary undertook the
I additional labour of those whew sermon were discoatiased,
end that be had saved the enmpany oanaiderable sans by
his proferiosal serrate, which, it was belived, amounted to
more thea the Wary he hal received from the smarmy.
' Aa &amendment was mowed to the effect that the arum be
referred to the directors: eventually the motion fur the
reduction of the salary sad the antendmeat were withdraws.
After some farther observations resolutions were pasted
adoptinz the wpm, scafirming the forfeiture of serials
shares, teal reipassdag the directros to appertain what tams
sea be mods for the Pale of the part of the lies son-
atrurad, sad, se soon r th.p ay doer desirable, to oak a
series ware tie mat to sanction the shaadoaMent of all
er past of the railways tits imompaity aro authorised to
opostrust.

Th. proceodings coacluded with avow of thanks to the
chairs= and directors.