The Express.
London, England, 1868-10-21 00:00:00

THE LIBEL ON THE OTTOXAY BAIL-

ik-A

INVISTIGATION.—(THIS DAT.)
At the jnatioe-room of the Mansion-house, this
morning, Mr. =Wm, • wine merchant, carrying on bad-
ness in Omege-elreet, City, appeared before the Lord
Mayor for further examination on the charge of h►ving
written and published a fans and defamatory libel con-
cerning Sir R. Macdonald Stephenson, the chairman, and
the members of the eonneil of adadnietzation of the Otto-
man Railway from Smyrna to Aidia.
Mr. Montage Williams, barrister, appeared to prose-
cute; Mr. George Leiria jun., defended Yr. Blliein ; and
Mr. Poland, banister, watched the ease on behalf of the
Committee of Investigation.
It will be remembered, from what took place on the last
occasion, that the Turkish government guaranteed to the
company the payment of 112,00 W. per annum. In July
last the arrears due by that government amounted to
200,0001., and, at the request of the directors, Lord
Stanley interfered in the matter in order to obtain the
fulfilment of its obligations by the Turkish government.
While the negotiations were going on Mr. Oilmen, writing
on behalf of a committee of consultation of the shareholders
of the company, sent certain letters to Lord Stanley,
which induced him to withdraw his mediation, and the
allegations in these letters formed the subject of the pre-
rent charge. The directors were accused in those com-
munications of issuing bonds, purporting to be • first
charge, without the consent of the shareholders and con-
trary to the wishes of the Turkish government; that such
bonds were issued at • discount, which was represented by
a fictitious certificate on the company's engineer; that if
the directors obtained the money from the Turkish
government they would misapply it by paying it to the
debenture-holders ; and that the present council was unfit
to be entrusted with the moneys of the company.
Mr. Itooper, the solicitor of the company, was now
called, and deposed that the debentures were issued by a
vote of the shareholders confirmed by • firman of the
Turkish government, and that no fictitious transw.tion
whatever took place.

At the close of his cross
case was again adjourned.

by Mr. Lewis. the

ILLNESS OF LORD J. MANNERS.

(ST TILLSOIA/11.)

LOUGHBOROUGH, VSEDNIMDAT.

This morning intelligence was received here
that Lord John Manners was very ill, and would remain
more tone longer in Seot:antl, by medical advice. Ile will
u. t, tiu refore, be able to canvass the electors of the divi-
sion for the present.

GREAT WESTERN RAILWAY OP CANADA.
(MIS DAY.)

The half-yearly meeting of the shareholders of
this company was held at the London Tavern this day ;
Mr. Alderman Dears in the chair. _

The ensuuts• said in the months of June and July, at
the request of his brother directors, Mr. Faulkner, himself,
and the secretary paid • visit to Canada for the purpose
of making a personal inspection of the line and examin-
ing into the affairs of the company. Four years
had elapsed since the previous visit, but these visits were
very necemary. The addition to capital account during
the half-year was 20.7881. Ila. I Id., which had been
expended in the en nearing and locomotive depart-
ments, in repairing thimage done by storms, and placing
the hue at the points in question in a condition which
will prevent such damage in future. Of this sum 15,49 M.
bad been expended in new and improved engines which
were required for the traffic. In the revenue
account theta was a decrease of 8,8271. 25.,
which was owing to the interruption of the traffic from
storms and floods which had on several occasions stopped
the traffic altogether, and secondly, to the lowness of the
rates which they had adopted in consequence of the severe
competition from the American lines. The local traffic
had kept up, but the foreign traffic had been less produc-
tive. When in Canada they had interviews with the autho-
rities of the other lines, and he believed that arrangements
had now been made by which those rates would be in-
creased. lie then referred to the increase of the working
expenses, the causes of which he explained. lie concluded
by moving the adoption of the report.
After some discussion the report was adopted, and a
dividend at the rate of 2 per cent per annum, free of
income-tax, was declared.