The Express.
London, England, 1850-07-05 00:00:00

NEW ZEALAND COMPANY.

Yesterday Gm nellon ued meeting of thin company
wee told at the New k :alaed House, Broad street-buildings,
Mr. Aottonoe, M.P., In the chair.
The minutes of lest averting having been reed,
The CHAIRMAN, woe having expressed his repel at
the death of en of the oldest members eit the compenee
Lad Pelee, reasseded to scate that the celessittee *pomaded
am the last day et undue had draws up•
• nun, whigh
tttef
would now be needy to submit. That committee had
lad a anhgesse with the direeton ia which even *spina.
flith met ere* and all papas aad decanting produced, end
the Mentors wen of *plain that a report should be drawn
tap and submitted t • moths( of the shareholder., welch
Vwould aow he submitted.
. COI w.shed to say • few 'Fwd. in Wrenn to a
Magenta made by Mr. Woollumbe cn the last day of meet.
lac That gentleman stated hat he terms of agreement
Win at veriest°, wi• a the spirit of Mr. Stephens • letter of
the 6th May and Xt. Belwee's letter et the 10th Msy; and
that he funded bis asiundrenion en the bad faith of the
Camila-, Mee ia returnee to the terms of the agreement.
wmummtee bed she soul that these letters were
written by Mr. Beller, and that the whole details of the
egrsieene were nett d by Mr. S:ephars himself.
Mr. WOOLLCOIII III: said he undentond the original pro.
posal to have been 1..9 mad and submitted by Mr. Buller to
Bail Orey; sad that he was responsible for the original cola-
municative. bat not fie the clop with which it was subs.•
quint); ..cumbered.
Altar a few words in explanntion from Mr. Cox,
Mr. WOOLICOSIBE add he had bees requested by the
gestkama •;'o Med the chair at the meeting of the commit-
IMO I* read the report drawn up by that body :
Ike commit.co have occupied the very brief mere slketeil to them
fm the (nerd retina of the dill, ult arostances bs shieb the twm.
pea; is played. lit amine Letion with several of your direr l
ath
red In eum•notion as was preeterabie ot accounts and
documents puhenitted to them.
littorminitiry ate cf,ii :non that the patties of the gimp my is
one of infinity ..iid pail, sot that whatever worse of
operatics an he dmi u,. thr proprietors entre be preparid to
Mat heavy le.th..tues, I*.h. • Tonto sad Injurire of the cern-
pan; Coll be nit tired hi it united and vigorous appeal to parliimeat
and the coimirv.
If it, rrommeated in the report of the dirottors would
hare .'sieved the cositun!, Iron further liability, the committee
would have unaninmetly adrift,' Its adoption; but such is not the
deer; anti berg reduee‘i :0 . CllOl, of era*, four of Jour emunlttre
ere agreed th..t the idiot coerce will be not to 'anemia ths elating
of the comadiy.
The two rcniabidec nwenbern of the erimmittee taalutal• the eon-
burr minion. Those in the directors who were prreeet and ez-
preWied their c.ewe ave.. 'ld with the minority of the committee.
If it Mall tie the deerminef on of the proprietors not to vowelise
the charters. at will 01 C. 111-e. be reerwory to pews Wean% raeolutime
to sasoend all expenditure in the colony, and to reduce the same is
this country to swell an so' :ant ca:; se shall be aboolute4 neirweary
to obtain redeem for tbore of ethic, thee ..1111tleC are fads,
tot that am; re evidence ezi-:s. and to which Mom are to be attr-
buted your pineal dirostrous pesition.
titg.n dOn beheld the Conlin:Me, TitOnal Doest, Chalrent a.
Mr. DEANE believe: if the company were dissolved in
the manner which he had pr posed on the last day of met
lag the company would tra called upon to meet liabilities to
the amount of 2.6,0e01. If the cot:cony were tooth nod
under the p! :n of Mr. WOollcOmbil as liabilities would be
double that emu-rt. The agreement by which they acted
wee use not only *creed to by themselves but two drawn up
',then ev,s. He thought Y they intended to go before
parliament to seek reline., or enforce their claims, they
should go puftetty tl:ar, and be in • position to show that
the Colontal•Orlin hat ever been a block in their way.
(Hear, hear.) They ought to be able to show that they had
dose the. duty to the full extant, sod se men, of honour:
bat that t''had be... elostrented is their course. (Hear.)
Mr. F. YOUNG sail that on the former day he was in
favour et the views it Mr. Deane; however, he had eines
Changed his mind, and now fully coincided in the opinion
of Mr. Wooacombe and the Enmity of the c:mmittee.
(Herr, hear.)
Mr. BUCKLE sail he attended the meeting of the
yore rday, and had heard all thy Mr. Woollcomhe
sad his fn.- de Calla at.. in support of his view of the case
wader consideratiout Upon one point the committee was
liaanim3us, and mime to this c melit-ion after a short discus-
sion--hat the New Z !dam' Company could not carry on
its cohmisicg egisratiene with any soaves; and that, it the
stempasy 'hyoid determlite to tarry on Cptiatioll/, it. should
be under • new shunter. not for the purport spenfitd by
the charter, the We soul purchase of land and all that, but for
the purpose of hale.tir op that charter, getting up circa.
decal meetings, and and complaining against the
peareedincs of the c government. Such a course he
regard, dot ;ally unwoohy of such a company ; and he did
net believe -.net any shareholder who Teccllected the early
wears of the cum:pony wouLl adopt such a course. He be.
hared their directors in and out of parliament would decline
carrying out suet a policy, and that they wou:d not find
freedmen umly to case their place. Ile should sty to
looked on such a course of policy as evasive, crooked.
and dishonourable. (" No, no," from a shareholder.)
It they should determine to shut up New Zealand
Hem, they ft s' nausea they would buss pen°, e
leeekiag at the dm T testa: wool I awaken them. (Hear.)
What wet* tLO girt ;aids proposed for doirg nothing?
.-west of Made. Wren they accepted originally the charter
It was es the esselition that • certain amount of capital
thou:d be satocribed and paid up by the share-
holders. (Hear, bear.) Owing to a variety of circum-
stances, the losses intoned, and the sacrifices they had
been called upon to make, it was arranged thee the company
should not be culled upon to pay the last 100,0001. ; and an
Openirg we, given in 1847, vi hen. by rewiphitg the charter,
they v. phi ha relea'ed from thi se paymer..l; 1* ut if they
were detereiiced to .0 on at pr. toot they would assureily be
called upon to tubseribe this )0',(001, and 1.0 on in the per-
ItertMatee et their swim (Hear, treat.) It was raid at the
last minting that a director, • member of parlament, as
also • governor had rtii..eed. He had heard that the
'oversee tenoned as tie reason that the company should be
dissolved, whethar that were the case or nut lie did not
kin w.
The CHAIMAAN ben,. to cornet the gentleman. The
director bad re•igLtd, t :sum he w,is not ab.e to give his
attention.
Mr. BUCKLE—At the committee meeting yesterday' two
Mounts s. re presented, pr tering continuo'
use, to case of then determination to dissolve, and the other,
io eon of their beige determined to go on. (Hear, hear.)
Now, in either ewe there was !must ly the Lime risk of
drums beim/ urged against them, diorite a print difference
In favour of their determination to stop. I Mar, hear.)
Therefore, he hoped the peelicy suggested by Mr. Weill.
combe would at,; be alopted. (Hear, hear) But for that
compute the islands of New Zealand would never form
part of the British realise—l hear, hear)—and he therefore
thought it would be a sad termination to their career to stain
it by arrivi,e at a dec:aration to the effect that they would
abandon the purposes for which they were incorporated, and
at the nme time seek to se ale all their privileges. (Hear.)
Mr. WATSON coineded with Mr. Buckle. They had
already paid 200,0001., and a remaining 100,0001. were to be
paid up is nes of nod, leaking up the entire capital of
300,004. Now, itistad of ceiling up that 100.0001., they
borrowed 23; OWL Wm the government, and spent every
penal of it ; se that in round numbers they had expended I
upwards of 460,0001. in carrying oat their charter. (Hear,
less.) They would sever have • fairer opportunity of dis-
when, then the preseat, sad therefore he should support the
report of the diricton. (Hear, hear.)
Mr. WOOLLCOMBE mid all the arguments adduced
were based oa tit i cenetructioa placed on his words, sie
though he Lad recommuiiled the locking up of the charter,"
and all that. He denied anything to had said would bear
that coastructioa. Is was evident they had no chance of
carrying out the tines of their agreement. The dug, rof
either course was vary great.
A lengthened eaaverseten followed, in which the several
speakers appealed ta Mr. Woo:Wombs to wi.hdraw his
amendment, proposed ea the former day of meets', so that
unanimity might prevail le regarded the adoption of the
dereeters' report. Finny Mr. Woollonthe acceded to the
request, amid much applaums, when
The CHAIRMAN goad the amendment, as withdrawn, u
follows:
That it leariteapedient thedlresters should /lee an notice under the
se 10 k II Irk, c. that they are ready tos thecharters of
the compaay to her Majesty, intemeeb as such surrender undue
on'jw the preptietori ot ell how lit from "ter claim spelmalsee
Ila s goveniment," and of all power to obtain redress for " M.
ones J which have been distincUy admitted by Lord tire;, but would
also be al atanowledireeect that the company Me had that fair °ppm
ttmitld eontinuing its operations which the airing, meet of ISM
Purleto MT rd.
d,
CHAIRMAN thin put the original resolution, ea
mined aid seconded on th, previous day of meeting, ma fol-
lows, which was unanirnnuily carried :
That la aceordanee with the recommendation enntaineal In the re-
port auw reed, the mart of dueetors be mapowend and to uuired to
gin mace to her liajoity's Prieripal Secretary of State for the
Whim*, that the company is ready to surrender its charters to M r
Muiesty. as protuied for by the 19th 'tenon of the act 10 and ii
Victoria, chapter 112, aad subject to the provinorus and conditions
therein fiat.. lied.
It was nett resolved to present • strong memorial to Earl
Grey, explanatery of the obstacles that had been thrown is
the woe of the company's progress, and calling for the inter-
vegans of the colonial goverment. Thanks were then
voted to tie, ehisMan and d:rectore, and the meeting
adjourned at 3 Yelped' to Tusaday the 16th inst.

Two Six ers of Mercy from Western Australia had
as Interview with Eul Grey yesterday, at the Colonial.
offies.—Mr Gordon had also ea Interview with the noble
earl yesterday.
CAB 1:110PRILTOIVe_ STRIKE IN EDINBURGII.—

Tuesday was the day fixed for the
week,' will of Councillor Weinyes'a proposal to genitalia •
unliorni cab tart of Is. all over the city of Edinburgh. It
was naturally looked forward to with considerable interest,
both ky the public sad the parties more immediately con-
cerned. _ The cab proprietors held a meeting 14st week,
attended by upwards of sixty of their number, at which they
ONO to a unanimous resolution that, considering the griev-
ous amount of taxation to which they. were subject, and otter
causes, it was ut.erly impossible to give the scheme " eves •
bid." In explanation of their reasons for maintain-
isg this position, it was alleged that the distance
fee =say of the runs would be fully three milts;
sad, if mum iog empty, the distance would be more then
via miles tee a ate shilling fare. At the same time, itshonld
le tense I. mind, that it has been ascertained on examine"
ties, that a Cir.-la of a mile radial, fro. the metre of Edin-
burgh, embraces all the prisiaiple plates of resort in the
suburbs: However, the promietin persisted in considering
the scheme tesractisabie, and determined not to ton out
their washes on the day in question. It wale, however' inti-
mated that, foe tho couvenienee of their friends, their
mashes, though absent from the stands, would NI ready at
their stables, for hire at the customary rates. As was to
have bees expected, from them deolded 111011aUfeb, the steads
were Inanely deserted on Tuesday, the drivers hang about
la groups with their hands in their
_pockets. The tabs I.
us in Edinburgh an estimated at 260 la amebae, sad sot
um of thou wee turned out.

of the at: