The Express.
London, England, 1850-08-16 00:00:00

tereit from the South Wales Company, payment of which
has been niegeended, and it will be charged to them.
(Hear, hear.)
Major A'COTIST then, amid some interruption, moved,
as an amendment: " That the capital of the company for the
future should he represented in the half-yearly statements,
under the following leads-Ist, Fixed capital ; ' 2nd,
' Mittens capital; 3rd, ' Transitory capital ; ' 4th, Profit
and loss account ; and 6th, Butneziptions to other lines,
the interest of which is paid by the compeatee.' "
Mr DULLETB seconded the amendment, stating that
something anslegoos to it wee to be foetid in the manner in
which the North Western Company presented their
accounts.

Mr. AVERT thought all the information required by
Major A'Court's amendment was to be had trom the
accounts as they now appeared, and objected to making any
alteration nelson acme obvious advantage were shown as
likely to result from it. He thought it was matter el birth
congratulation that under all the circumstances, looking at
the anima expended on lines which could not be produc-
tive for many years to come, that they were now about to
divide four per neat., and at the seas time heading over
24.0001. to tt • next year.
The CHAIRMAN said the secretary was quite ready to
give every laSeronetion on the subject of the actuante.
The amendment we. then put and negatived.
A PROPRIETOR inquired the distance between Bath
and Redstart, that portion of the line which remained to be
cut in order to enable them to get the Redneck coal.
Mr. BRllNELobserved that the line was from Froze to
Redden*.

Thy iIIOPIUBTOR. from personal knowledge of the
Badatock coal, could say that if they could get it at Bath and
throughout the line, it would supersede all other. The
directors had congratulated the proprietors on haring the
iron necessary to complete the line, but it wu no matter of
congratulation, for if they had to buy it row, they would
get it for ft. a tom instead of 10L, which they had paid
for it.

The Rev. Mr. NICHOLSON Ins,tdred if the agreements
with the Nnrth Western Company u to permitting the
Osford and Wolverhampton turtle running over the Moue
Valisy line, werestill in progress. He also wished to know
the rate of tho negotiations u to the South Wales agre •
n.ent.

The CHAIRMAN declined to give ar.y reply u to the
agreements will the South Wales Company, but stated that
the agreeinents with the North Western Company were still
an , but the UMW for bringing them to a conclusion
had net yet &wired.
The Rev. PROPRIETOR then complained of rations
minor items of expenditure as to the lights at stations, chime
to:uncle, fences, Ac., and suggested that the directors should
turn their attention to thew manors.

Mr. BERNAL explained that there wu no more expense
for lighting and fencing than we, absolutely necessary for
safety.
A PROPRIETOR caned attention to an item in the ac-
counts of 1,7461. fur expenses of consultation committees and
of spedal general meetings.
The SECREIARY stated that this item wu composed of
the travelling expenses of the committee who received
nothing for their services, for law, stationer's charges, and
other extrauedirary expenses consequent upon the inquiry
and the special meetings.
Mr. DALLOWAY suggested that no proxies should bo
hued at the expense of the company, but that the 2s. 6d.
stamp should be paid by the proprietor applying for the
proxy and submitted a resolution to that effect.
The CHAIRMAN hoped etch a resolution would not be
pat without more notice, as it would in effect deprive those
eharehelden who could not attend the general meetings from
ezprosiog their opinions on any qUePti:ll of importance.
The resolution was, however, sub ported by several proprie-
tors, and was put.
Mr. AVERY opposed the motion, contending that such •
rule would in effect disfranchise 9-10ths of the proprietcn.
The motion was put after st.me aiscomion by way of
amen num to the nrig.nal resolution, and lost on a division
by 66 eats against 35.
Mr. GORE it quired whether it was to be understood that
the 1,4001., or 1,50 C/. per mile per annum they were called
upon to pay for working expenditure covered the raisin] of
working stock when required, as well as current expenses.
He also wished so know whether there was a fixed rate for
working the &arts Wales line?

Mr. SAUNDERS raid the agreement less to work the
Satoh Wa!es line and 'kir deducting all 'spaniel to pay
over the net proceeds '
to ttat company, the accounts between
the two companies to be kept by a sworn accountant, there
was no fixed rate. _ _

Mr. BRUNI.LL operred that the item of working ex-
penses included everything the traffic actually eost, but that it
did not include a sum to he est aside for renewal. It was,
however, to be remembered that renewal of the working
stock and rails was constantly going on.
In reply to another question,
Tide said that the times of the Sunday
traits were to fixed as to sive the opportunity for all the
company's serysi.ts, as far as posoible, to attend divine
worship.
'Pee original resolution was then put sr d carried, as was
another authorising the payment or the dividend at the rate
of 1 per cent., to be payable on and after the let of Septem-
ber neat.

A resolution authorising the making of the line from
Froma to Itsdstock and providing stock t..r the working of
the line was nes.. put atd passcd without opposition.
The CHAIIi.NIAN then propored a vote of thanks to the
auditor', J. Dick( E,q , and E. A•kitson, Esq., for
their va.uable service', whim was a-reed t.-, as was a v3te
of thanks to the chairman and d•reclore, which, having been
acknowledged by the chairman, the business terminated.

STOCKTON AND DARLDIGToN RAILWAY.

The half-yearly general meeting of the shsrehoiderie
is this company was held at the Compsry•a Offices in Dar-
lington. on Wente•day, tbe 14sh day el August instant. T.
METNELL, jun., Esq., occupied the chair.
The r. c-sr • for the half-year, ending Jane 30, were
shown 'o be 52,42.31., ant tae e:pendituc, including inte•
rest, 69,2551. ; leaving a balance of 13,1401. A dividend at
the rate of 4pa tent. per annum was declared. A call of
51 per ohms was nude, to be payable on the Ist of October
aut.