The Express.
London, England, 1850-03-21 00:00:00

ASYLUM FOR

ORPHANS.

Yesterday the triennial festival of this old-meta&
fished charity took plops at the Loudon Tavern. The chair
wee takea by the Duke of Ca agora, the president of the
Mediation. About 200 pests eat down to a maguifireat
entertalmeat, and armee* the company seated at the pria-
M4retle were Baron tamebeck. Equen7 to his Royal
Odeon. T. Bads., M.P., H. Kimble, T. San-
key, B. Wheeler, Tesspeca, Roomier, Forrest, Franks,
Henry Oattley, Berimat Adams, Major liteewsa, Mr. Lock-
wood ; Bev. 8. Z. Cowley. obaplda ; Rev. J. Jessopp,
ateesing premium ; Roy. W. Carling, rowing preacher ;
Moen. O. Preemie, M. Gibbs, Deputy Brows, tko.
The CHAIRIdAid, In proposing the toast of the eve-

sag. " Prewpority to the Finale Orphan Asylum," said
no es* could feel more deeply interested in it than him-
self. For 46 years he had filled the position of presi-
dent of this: charity—(thews)—it would be unnatural
thereftwe if he did set feel deeply interested in its welfare.
(Load sheers.) He was song to say that the receipts of the
*rip bad been arills diminishing for several years put
6,17.::T.Vnea.• beblilleied, in a great means. eau,*
which few would regret, the increase of chapel; and places
of worship in the immediate neighbourhood of the asylum,
by which that important source of income, the receipts of the
chapel of the institution, had materially fallen off. But
whatever the cause, the fee cool not be denied
that the funds of the charity were not in that
liamiehhtg state which its friends could wash, and
he was are there was no one present who would
mis deices the event, should any necessity aria for distil-
/Mikis; dm number of its recipients. (Caere) He trusted
sad bowl that their treasurer would be enabled to give a
good revert of the collation of that evening. (Hear, lieu.)
Ali he Goad do was simply to recommend the charity, and
he did so with the most perfect cwifidence, for he knew the
great good it had done.
The toast was drank with three times three.

Hr. T. itificilitieTP;e4;ser .7
The Health of hie
Royal Highness the Duke of Cambridge, whose private
virtues and active co-ereation in all charitable objects com-
manded the highest respect." (Cheers.)
Tr e toast having been drank with full honourv,
The royal CHAIRMAN, in acknowledging the del-
phinia, said he felt proud of the privi'ege a presiding
at these meetings, the more so as he hoped he might say he
had been of some service to the charity. (Loud cheers.)
Re was connected with many public charities, but there was
none en wh,-we welfare he felt more deeply interacted than
the Female Orphan Asylum, which he recommended to their
most favour ibis considt ration.

The report of the treasurer for the evening showed an
aggregate of subscriptions amounting to 2,0771. 12, 6d , in-
cluding donation' of 50 guinea' from her Mejestr,2o:. from
the Royal President, 101. from the Duchess of Cambridge,
101. from the Dochees of Gloucester, IW. from Prince
George of Cambridge, who was appointed a Vice-President
of the institution; 601. from Miss Coutts Burdett, 501. from
the Governor and Company of the Bank of England, and
201. from T. Hanks', E.g.

RAILWAY MEETING.
EAST LANCASHIRE.

...
The half-yearly meeting of this company was lied
by seeocd adjournment yesterday, at the offices of the com-
pany in Bury. The object was to dispose of the remaining
business of the half-yearly meeting, and to appoint an auditor
in place of Mr. Blaeklook, who wee at the lass meeting made
a director. It was also made extraordinary," tor the
purpose of considering the propriety of raising, under the
powers of the company's set of 1849, new capital to the
amount of 304,0001., and to raise new capital under the
borrowing powers of the company to the amount of 101001.
It may be remembered that at the first meeting a committee
was appointed to coasider the propriety of ssnctinni• g this
new capital, and this committee reported to the adjourned
meeting on the Ist of March- " We approve of the mode
prorated by the directors in their report of the 30:h of
January, of raising 304,0001. by creating new preference
shares, under the provision of the act of 1849, and borrowing
the sum of 101,0001. on mortgage, the loan authorised by the
act. However much we may regret the necessity of issuing
fresh preference stook, under the circumstances of the com-
pany we see no other mode of raising the money." The
new capital was not sanctioned at the adjourned meeting
became the notices were informal.
Mr. GREW proposed as the auditor Mr. John Adams, of
Manchester, accountant (who, it was stated, WAS qualified
by holding the requisite amount of shares), at a salary of
1001. a year.

Captain HARRISON seconded the motion, which was
carried.

The newt question was the appointment of an additional
director, the CHAIRMAN stating that he reeretted to
learn from Mr. Bramley Moore, of Liverp;o:, that be could
not accept the invitation given at the last meeting r questing
him to become a direeter. He moved, under thva circum-
stance., that Mr. Thomas Ashton (who, he said, was ening
to live at Preston, where they had no directcr), be appointed
a director.

Capt►in HARRISON seconded the motion.
Mr. ROSSON propos; d so an amendment Mr. Wt-loby,
solicitor, of Orrnskirk.
Mr. CHADWICK seconded the amendment.
The original motion was carried by a large majoirty.
The business of the extraordinary sawing was then
opened.
Tee CHAIRMAN moved a resolution to the tffect that
304,0001. additional share capital be raised in 51. share, to be
called rireferenee fifths, and that subject to the payment of
dividend on the existing preference quarter shares, a divi-
dend on the amount actually paid up out of the revenue of
the company of six per cent. per annum, be payable on them
up to the 30th June, 1855, when the company are to hays
the option of redeeming them, failing which they become
preference shares in perpetuity, entitled to 5 per cent. divi-
dend. That the shares shall be divided into the proportion
of one for every 40/. nominal stock, held in the company on
the lit April, and that a deposit of 3L shall be payable on the
Ist May.
The motion waa seconded by Capt. H►aateorr.
Mr. WRIGLEY, one of the directors, suggested the pro-
priety of taking belf•yearl votes for the whole of the capital,
to be expended in each half-year till the whol^ of the on•lay
was effected, which the committee and the directors had esti-
mated as the amount to which it was dein .ble their capital
should be limited. He thcutht it would be a more c. rtain
way of limiting the expenditure to the estimate for each por-
tion of the line remaining to be completed.
Mr. BLACKLOCK nferred to a resolution come to by
the board, much to the same effect, as sufficient. He had
estimated that the Unfit of the line, if eons! to that of the
first 13 weeks of the last half year (and he thought that
amount as an average might be secured with good ir.anage-
sent), and, limiting the working expenses to 40 per cent.,
would give a dividend on the whale capital raised and con-
templated to be ratted (after all fixed paymeths) of 2 per
ant. per annum.
The resolution was carried.

A motion was nest moved by the CHAIRMAN authoris-
ing the directors to raise 101,0001. on morts7aiee • and this
• • -
• •
tUatiosted the baguets.

GRILIT 80IITIMEN AND WESTERN (IRELANI—The
half•yearly meeting of this company was held in Du Hu, on
Tuesday, Bir Edward M•Donnel, chairman of the company,
in the chair. The report of the director, which was unani-
mously adopted on the occasion, appeared on the whole to
afford the shareholding satisfavion. It elated "that, not-
withstanding the difficulty and magnitude of the works
through the county of Cork, the line has been for several
months open for public traffic from Mallow to the city of
Cork, with a single line of rails. Since the last meeting of
the proprietors, the second line of rails has b-cn laid down
from Limerick Junction to Buttevant, and in a few days
will be completed from Butttyant to Mallow ; and there is
every reason to believe that the double line from Mallow to
Cork will be finished within the ensuing summer."

THE INTENDED EXECUTION ON EASTER

MONDAY.