The Express.
London, England, 1861-08-01 00:00:00

THE EXPRESS, THURSDAY EVENING, AUGUST 1, 1861.

ILatv Intratitact.

COURT OF BANKRUPTCY.—J via 31.
(Brion Mr. Oormnissioner Paw.)
TtlC LAPIJILD COMPANY (I..IIIITUA.

"his WIN a petition fee • wialiiig-up oriler. The coon
peer wee incorporated in April, IttNll, under the above com-
prehensive title. sod its objects, as stated in the IMMO-
:swim of weruciatioo, were out less compreheosive, being
" the Arlutriug Ly pinches, or otherai,u of fee simple or
other estates or interests in real property in the British
domiairess • to effect sales of property so umpired ; to grant
building, o, wing, or other leases thereof ; to erect buildings
thereon to carry on improvements in any landed
prmerty, and to repair the mote; also to advauce
in ....minty to aid in establishing orna-
mental and other ground., or toy improvement of tomtit
awl other places, and to obtain statutory and other
j ewers tin the same ; to advance monies for building ptu-
mil for the enfranchisement of copyholds ; to lay
nut property fur building ; to act as communion agents
for the -.Ale. letting, purchase, or hire of property,' and
other purposes. The proposed capital of the com-
pany was Ioo,llotff.. in 10,000 -shares of 10/. each. Its re-
gistered office. were at Sajeanta'-inn, Fleet-street.
Mr. Cracknea appeared in support of the petition and
'tidied for the onler, on the ground that the company hail
been ineornorrted a year sod had not been able to rom-
ance I.u.iutan. Italy 200 shares hail bent taken up out of
the 10,000 oroposed. The petitioner, Mr. Markham,
srcbi-
tect, of nxford. was a contributory and creditor as well ; he
was the holder eight shares.
34..101,11,0, the solicitor for the company, did not object
to the order I °log made. The moment the directors found
the scheme impracticable they made efforts to bring about •
voluntary winding up, but • sufficient number could not be
got together. Tee directors were unfortunately the only
auoreholdete.

The I;nounisitoner—Or fortunately. (Laughter.)
blr. Jordan said that some of the Allegations in the peti-
tion were not true. The directors hail made calls, but had
not been it to obtain payment of them. I of the eight
directors three were not able to meet their calls. The coin-
pan
' liabilities were of trifling amount.
Tb. Illommis.iorier—Very well. I hope the gentlemen
will buy their experience cheap. Let the usual order be
=NW

INSOLVENT DEBTORS COURT.—Join 31.
(Before Mr. Commissioner Nichols.)

•
IN RE 61[0. O'MALLEY IRWIIL-TliN GALWAY CONTRACT.
•

Tina innolvent, describe! as a barrister4t-law, whose
'woe lin. been freluently before the public in referenee to
the Ibtvai Atlantic :Steam Navigation Company, appeared
under the Protection Act.

Mr. &agouti opposed on the part of Mr. John Orreil
Lever. M.Y. ; Mr. Sturgeon supported, Mr. Permley, of
Coleman -treat, being attorney for the insolvent.
As application was made on the case being called by Mr.
Sturgeou to postpone it until December. as there
were softie documents to be examined, and Mr. Irwin stated
that Lee .i.ected to obtain some funds from friends in Ire-
land to fay the costs of the uonsuit for which he had been
arrested uy Mr. Lever and discharged out of custody a few
week, ...to by this court. The insolvent added that he intended
to prow .a with his claims against Mr. Lever for services ren-
dered in the promotion of the Galway Packet Comppaaeey. It
was also stated by the learned counsel for the vest that
the insolvent had • petition of right, and a settlement was
expected, by which he would be enabled to pay the costa
claimed by Mr Lever. All he wanted was an adjournment
until the t*cember sittings.
Mr. Sargood apprehended that no pound had been shown
for the application, and complained of the insolvent's con-
duct towards Mr. Lever.

Mr. Commies' Loner Nichols rid es the application was
objected to he could nut grant it, mad therefore the case had
better proceed.
The resolvent then underwent a beg examination by Mr.
&egad. and from his ,•tatement it appeared that hi the
&It action ha brought against Mr. Lever for service@ the
jury gave 1,11001. . There was a new trial, sad.
ifteraa intimation from the jury, his counsel, Mr. Nab)
hernour, elected to be noe•suitad. The costs were 2621.,
and be had been arrested fur the mine and taken to prison.
There we, another action, and the record had been with.
drawl. The insolvent admitted that since his discharge by
this court he had presented a petition to the House of Com
awns through M-. Coningliam, and the oornmittee was not
named, becuipie Mr. Lever falsely stated that the statements
had reference to matters before he was a member of peas-
meet.

CoiAmirsionsr Nichols said be had nothing to &with
the petition presented to Parlianient. All he had to do
was with the debt in the schedule, which was for costa of
• nonsuit.

Mr. Margood wished to show the animus of the insolvent
towards Mr. 'AIM. It had been • system of 'malicious
persecution against a gentleman in every passible manner,
and it still cootinued.

The proceedings in the action " Irwin v. Lever" were
put in evidence, and Mr. Gilding, clerk to Messrs. Valiance
and Valiance, the attorneys for Mr. Lever, was examined
on the subject. Mr. Lever had been examined, u well as
the insolvent and other witnesses, in the law proceedings.
Mr. Lever was cot now in attendance.

Mr. 3argood made an energetic speech on the part of
Mr. Lever. complaining of the persecution of that gentle-
man by the insolvent, and tf the groundlessness of the pre-
tended claim made by the insolvent. He submitted tbst
the debt tor the coati had been improperly contracted,
and that the insolvent was not entitled to further
protection.
Mr. riturgeon commented on the absence of Mr. Lever on
the present OCCIIIIi4II, and urged that the lairolvent was en-
titled to his continued protection. The insolvent believed
that he hail a claim against Mr. Inver, and was anxious to
pay the coats of the nousuit that he might proceed with the
matter. He denied that the gentleman now before the
court wee influenced by the motives described by his learnsd
Mend.

MirCommisaioner. Nichols, is giviag his opinion, Aniseed
that he had to look at the debt due to Mr. Lever us the
schedule. It was for costa on a tionsuit. In order to show
that the debt had been incurred without reassable es.
peciatioin of payment, or in other words that it was actua-
tions action, there must be some evidencegives to show than
the insolvent had no ground for hi action. Now he wad
sot say, as the insolvent claimed fu services, end there wee
no evidence given except by him. that be ►ad no right to
bring the action. His opinion was that the evidence would
not warrant him in arriving at the conclusion that it was a
vexatious vireo. and therefore he should appoint a day for
the final •color. and renew the protection.
The final u. der was appointed for the 4th of December.

AMIZE INTELLIGENCE.

NORFOLK CIRCUIT.—Inwicu. JULY 31.

theowe Court.—(Before the Lord Chief Justice Erie.)
Afirol Lard, • young man 18 years of age, Me son of
farmer at Wetberden, in this county, surrendered to his
bail charged with wilfully and maliciously placing a piece of
wood upon and across the rails of the Eastern Counties
Railway on the 10th of July. with intent to upset certain
carriages, and to endanger the lives of the persons travelling
on the said railway.
Mr. Metcalf. and Mr. Orridge appeared for the proneen-
Mon • Mr. &direr defended the prisoner.
This case excited unusual interest from the grave WWII
of the charge and the position in life of the primmer.
It appeared from the statement of the counsel for the
prosecution that, on the evening of the 10th of this month,
the 7 p.m. train from Cambridge was oe its way to Ipswich,
and when between Elmawell and limighley, the driver dis-
covered au obstruction on the line. The engine was reversed,
the breaks put on, but, notwithstanding every precau-
tion, the guard irons came in contact with some heavy sub-
station lather completely through it. Upon the driver and
eaglerndriver getting down, they found a heavy sleeper, nine
feet lug, bad been placed acmes the rails, and the engine
bed cut it through, scattering the gravel on all sides. At
the moment of the discovery of the obstruction the train
was going at a rata of 35 miles an hour, the line
being at a deep incline at that spot, and there
being an embankment us each side of 35 feet.
These (acts coming to the knowledge of the au-
thorities in 1.5..0.10n, a detective, named Jackson, was at
once sent down. and after numerous inquiries fixed epos
the prisoner as the culprit. Before taking him into melody
a groat many questions were asked by the detective of the
prisoner • an,
upon bontaking hint to the station-mute, at
Elmswelf, he rid, bringing forward the prisoner, " I have
every reason to believe this is the man who paced the
sleeper on the line." Upon which the prisoner said, " No,
I did Dot ;" but upon being reminded that there were wit-
nessees who me him go towards the line that night, be
said, " If I say I dime it, what is the damage, or what
shall I have to pay ?" The constable then said, "Whatever
motive could you have in placing that upon the metals?"
Upm which he mud, " 1 did not do it with the intention to
kill an y one, nor vet to upset the train. I done it for a lark
to see how the wood would fiy." " Why," said the officer,
" you might have mused the death of forty or fifty people,
and what Is sou think the coosequences would have been r
His answer was "Yes, perhaps some of them was not fit
to die, and I should have to answer for it. I don't know
how I came to be so foolish ' • it is not as though I
did it for want. for I have pisnty." In addition to these
admissions he mid, accounting for his being in thei fields
by the line, " I went to see my brother-in-law Frost. I
Mil an appointment with hint ;" but this Frost denied. It
wee also shown that be was seen near the spots short time
before the ac. ideut happened, and that he must have aniseed
the line to on a man whom he visited. The sleeper that
was p'..sced SCUMs the fill.) was proved to have been lying
by the side of the rails, and identified as one that had been
meently disphs:esi in the course of the repair of the per-
iiiseeta war.
Them Law biviog been proved, Me Buiwer sailremed the
jiLrymr....compniugentaa.leiti.gteiat:aheTlvheorerelelpycd.hitsbeevcidnienticuec.t of the detective,
The Lord raiei J unit* summed up, soil at the com-
mencement sairl, wlatever was their verdict lie entirely dis-
sented (tea Lhe coo.nieute that loid been made upon this
detective lie I.ud watched bee attentively, and he
believe.: los limn given with the moo.' lair.
Haas. 1 Le isihe wore too useful a body to le iudiserisni•
newly abuse!. cod he thought in this iam a very mopes
degree of had been exercised. Having carefully
manned up the evidence,
The jury upturned • wish le retire. Alter ea absence

of aearly an ho-,:r returned late court with a verdict
of Ora l. but recommended him to mercy on account of
his youth.
His lordsLio at (01l I.ass•d sentence, saying—You have
been convicted of a must serious crime, accompanied with
great malignity. The purpose, if carried out, would have
caused a great many deaths. It seems that you and the
like of yo•t infest the lines of railway to procure these ac-
cidents. Many are too young. but you are old enough to
know the consequences. I follow the recommendol inn of
the jury, but I cannot help thinkiog you have displayed
unusual hardihood iu this affair. You are liable to be
kept in penal servitude for life, but the sentence will Le
that you be kept in penal servitude for four years.
This, it is to be hoped, will prove a warning to the young
miscreants at e .tom the learned judge's remarks were
pointed. At these MIMEOS alone boys were charged with a
like offence at Aylesbury. Huntingdon, and Norwich.

WESTERN CIRCUIT.—ExrreR, JULY 31.
(Bofors Mr. Boron Otaannoll.)

CLAMMY V. FRIDHAM.-11REACIE OF FROMIRZ OF MARRIAGE

PT AN OLD cLINOTNAN.

Counsel for plaintiff, Mr. Collier, Q.C., and Mr. Carter ;
counsel fur the defendant, Sir F. Slade and Mr. Buller.
This was an action for breach of promise of man isge,
damages being laid at Loam.
Mr. Collier, in stating the awe, said the plaintiff was a
single woman, called Clampit, and she carried on the
business of a iraper in Exeter. He could not call her a
young woman because he believed she was nearly fifty.
(laughter.) The defendant was a clergyman, aged 70,
and the other side said he was 80. (Laughter.) He was
the rector of a parish in Lincolnshire, and was in the re-
ceipt of 80W. a veer. In December last he became ac-
quainted with the plaintiff in Exeter, where he was now living,
bevies called upon her about the character of a servant.
Shortly afterwards he wrote to her to say how he had bees
struck with her conversation about servants generally, and
saying he should like such an one for his wife to soothe his
declining years. (Laughter.) Now, although the defendant
was so id he (the learned counsel) was informed that be
was remarkably hale and vigorous. Like Adam, in As nil
like 11,

His He was like a lusty winter,
Frosty, but kindly."
—(Laughter.) He was not aware of any reason why a man
of the defendant's age might not take to himself a wife to
soothe his declining years. The learned counsel then said
that defendant Lad fixed the day and given instructions for
the marriage ; that he had engaged SOON person to look after
the plaintiff's bushing whilst they were on the wedding tour,
and that after the license was got and the wedding break-
fast prepared, the defendant, through the persuasion of hie
daughter, bad broken his promise.
A plea was put upon the record to the effect that de-
fendant was of unsound mind, and it was understood that
evidence would have been called to support it; but at
the end of plaintiff's case an arrangement was come to be-
tween the counsel on either side, and a juror having been
withdrawn the case came to an abrupt termination.

MUTH= REPORT.
wzonsaar. JOLT $l. I TO II A.Z.

NAIIIN
LBITH

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ELPLAIfATIOI4.
11—Intanidar sons and reduced to •doi. ad aasan
Ind amok 10 6al. ad vadloal Han awake along ano•lnandrodan
of an Inah diminsilan ; nod eaak 16 deg., Mono Id d 06., many
noosis Ono Inindrodits fneffnan 1.--101p000d Iboonaomona
dodo. 3L—Manna
bulb (lot .r
pi and dos
D.—tdroctlon of wind tine—two points &ye at mat
attic). I.—Pbeas (I 12—eatimeted). C.—Cloud (1 to I.—
Initiate: It, bias sky. o. clouds (detaehed) . f, fog: b, ball: I.
=WI Ild17) :o. overcoat (dull) ; rata e, mum:
I. tbusder. S. Sta-dlitur baace ato II).

Goneral Weather probable thirt; neat two dsp In the
North—Moderate Westerly Wind—fine.
West—Moderate Nouth•Westerty—lns.
Mooth—Yresh Westerly—One.

Cotensor= AND Brous VALLEY RAILWAY.—
The ball-yearly meetiog of this company was held yester-
day afteencies at Volebmier. The principal Mishima was
the deetlaraticu of • divideod out of the rent paid to the
company by the Eastern Counties, who lease the lies, and
the proceedings were tea great extant of • pro forma cha-
racter. The report sad accounts showed that the expendi-
ture on capital actitaint bad been 284,8161., sad the re-
ceipt. 284,7101., leaving a balance of 1061. dos to revenue
account. The balance available for dividend, after deduct-
ing preferential interest and current expense., was 3,7731.,
out of which a dividend at the rate of 3i per
cent. per annum was declared, carillon forward
ISM The directors reported that they had secured the in-
sertion of clauses in two bills promoted by the Eastern
Counties and Cola. Valley Companies, protecting the in-
tenets of the Colchester and Stour Valley undertaking,
but they at the same time expressed an opinion, that when
a line was awed at a guaranteed rent some general pro-
vision should be made by the law, which would prevent the
necessity of an anneal expenditure; to protect the guarantee.
A; however, the larger companies in the eastern district
are now about to amalgamate, the directors hoped there
would be no further expenditure on this head.
LEANN/LT RAILWAY.—The half-yearly meeting
me held yesterday at the Loudon Coffeehouse, Mr. Bid-
&lip!' in the chair. The report stated that the earninp on
mew scommt amounted to 14,4031. Os. 11d., being 1,750/.
51. 10d. in advance td the corresponding haryeer. The
working expenses ansmated to 8,5271. 6s: 3d., ea increase
of 77W. 7.. 11d. The balsam, after paymeet of Miens;
eanomeed to 1,5941. las. 5c1., out of which 6001. had been
laid amide for mews! of locomotives : sad the directors
recommended the payment of • dividend on the ordinary
shires at the rate of 10s. per share out of the residue,
leaving a balance of 109/. 15s. bd. The working
were increased by the outlay for new rails. The Zmirmeoi-
moted by the company for new lanes had passed the Bosse
of Lords, and was now only waiting for the royal assent.
Upon the motion for the adoption of the report some dis-
mission arses, dories which it was stated that the bill just
paved
would be of great service to the cam yin bringing
, without any increase in the eapeadi and also
that it would elevate the line frost a local one to a through
line. The report w as=dizted, the dividesid agreed to, sad
tie
011ir 7Hd7rAFFORDISIIIRIII RAILWAY.--The thirty -
Snit report of the directon, to be submitted to the half-
yearly meeting on Friday. states that notwithstanding the
depression of trade, which, during the last six mouths, hes
been severely felt by all commercial enterprises, the direc-
tors are enabled to recommend shareholders a division of the
profits of their undertaking at the rate of 3i per sent.yperer
annum. They would, nevertheless, have bees to
continue the dividend of 4 per cent. were it not teethe cir-
cumstance of the protracted /rust, is January, Inannueb as
the deficiency in receipts, which has. occasioned the reduc-
tion of the i per cent, is attributable to the canal ; indeed
the net receipts of the easel show a decrees. of 11,417 h,
whilst those of the railway give an increase of 1,1601.. Of
the 11,4171. decrease on the canal, 9,6251. may be said to be
consequent upon the fruit. Upon the canal h principally
carried the traffic in the staple articles of the local trade,
and upon them articles it is, especially, that the depression
elate. The Manchester traffic shows little damnation •
and the through traffic pnerally has more than maintsiosa
itself in the face of all adverse circumstances. Both
the direct through traffic and the local through traffic have
lammed : and it is in the local tnifac, and in the local Manic
alms, that any decrease in the receipts of the line can be
traced, and the directors see no reason to believe that they
have been mistaken in the statement mete in their last re'
port, that with the termination of the depression in the
staple trades of the district a much larger increase of the
traffic may be anticipated.
RAILWAY Brut—The committee of the Lords
have posed the alls of the West Hartlepool Railway for
regulating their capital and traffic. Joint resolutions of
both houses of parbeneent have been passed dimensioning
the protest mama diagnosing bills, and providing that in
future every bill shall be price immediately after it shell
have been paned in the home in which it originated. When
a bill has missed both houses • print on vellum is to be fur-
nished to she House of Lords before receiving the royal
anent. The Master of the Rolls is also to receive a copy,
and as it is considered expedient, with a view to economy,
convenience, arid despatch, and dhniontlos of the chances of
error, that one printer should print the public general bills
for both houses, and as the Queen's printer is by virtue of
his office bound to print the acts of parliament, it is deemed
adv&thle that the Queen's printer should be employed for
neat purpose by both houses in future.
PARLIAMENT AND THE FINE ARTS.—No visitor to
the How,ee of Parliament can help feeling considerable surprise
and regret when he observes the state of decay Into which the
frescoes adorning some of the lobbies have already fallen. That
so much money and artistic skill should have been spent upon
works which, in the space of a very few years, fade entirely from
view, exhibits a sad want of foresight on the pert both of the
painters themselves and of the Fine Arts Commission. Such
thoughtlewmem wont., not be tolerated by any private indivi-
dual, and is certainly without parallel In the commercial trans-
actions of the country. For instance, if a !arse nuinuracturer,
Ilkm Yes. Proem, the areas rabbi/taker of Ludgatohill and
Cornhill, were thus to deal with the public, and sold artieles
which. In a few week., fell hopelessly to pieces, would his
irentease bunting he worth a month's purchase? While now,
from his e
results of k.xceeplileogot
faithd durable
with ewoprukbimrsApa, hehi.reualw.isesiniudthe
pamphlet watts by poet for two 'campy.- iadverusessentj

NETHERLANDS LAND ENCLOSUBE COMPANY.

The annual general meeting of this company was
held yesterday, et the London Livery ; Mr. G.....WDDER in
the chair.

The following is the substance of the report of the dime.
tors :—" An agreement has been entered into with the
Dutch goverument, of which the following are the heads.
The company to he relieved from the obligation of making
the canal through South Bevebuid, of the embankment or
barrage of the Eastern Scheldt, and of the large works spe-
cified in the concession in connection with the above worU.
The company to retain the area of land comprised within
the two poldeni enclosed, and in addition to have a strip of
land of 300 metres in width, extending beyond and around
the banks of those polders. The above to be held for the
original term of 99 years from October, 1649, subject tea rent
of oft. for each hectare enclosed, acd subject to Art. 4.
The government makes no claim in respect of 600 hectares
(1,300 acres) of the above land, which is to be the freehold
of the company. The government in the construction of
the Flushing Railway to be at liberty to cross the company's
yin, for such portion as is required at the rate
land saying of
.per hectare (06!. 12a. per acre). The company trans-
fers to the state the canal works and the land purchased in
the line of the canal, and all the plant and materials et the
works. The caution money to be returned to the company
subject to any claims of Dutch subjects in reference to
works constructed for the company. The agreement to be
subject to the sanction of the legislature."
The CHAIRMAN moved that the report be adopted. He
congratulated the shareholders that the agreement with the
government of Holland had been approved of by the i econd
Chamber of the Dutch parliament by a decided majority of
42 to 10. There was, however, still a strong feeling there
against the company, else they might have obtained better
and more equitable terms. A vast deal of the plant on the
canal which they bad to surrender to the I)utch government
was the property of the contractors, and upon that point
there had been a reference to an arbitrator, who had made
what he considered an equitable award, assigning to the con-
tractors 32,0601. They had however obtained from the
government permission to enclose 300 additional metres,
equal to SOU acres. They were now about to enclose 9,000
acres, of which 1,500 would be freehold. They would also
be enabled to enclose 3,000 acres more for the benefit of
the preference shareholders. The construction of the
Flushing Railroad and other public works would materially
improve their property, which would be more than suffi-
cient to meet all their liabilities, and he loped they would
be iu a position to acquire rights which wou.o be still more
for their benefit. The land itself was excellent, and its
value would by the constructioc of the Flushing Railroad
be raised 50 per cent.
Mr. W. SANGSTER seconded the motion.
A SHAREAOLT)ER inquired if more capital would be re-
quired
The CHAIRMAN replied in the negative.
Mr. Nictioulow expressed himself satisfied with the pro.
peas which hal been made, and inquired the estimated cost
of reclaiming the AOO acres.
The Ciumuir replied it would be about 12,000!., or
151. an acre. They would commence the reclamation in
May, and expected the work would be completed in six
weeks. The total amount of the company's obligations
was 57,000!.
The motion was then agreed to, and the retiring directors
and auditors re-elected, when the proceedings terminated
in the usual manner.

PORT PHILLIP AND COLONIAL GOLD MINING
COMPANY.

Yesterday an extraordinary general meeting of
the shareholders of the above company was held at the
London Tavern ; Mr. J. D. POWLER in the chair.
Mr. Fietriea (the Secretary) read the advertisement
convening the meeting.
It has been already dated in our columns that the
amount of profit from October 1 to March 31 amounted
to 10,0581. 7s. td. ; and that the profit for the month of
April was 2,3051.
The CRAIR/LiN stated that the profit for the six mouths
ending March last was the highest that had been attained
since the commencement of the oompany's operations. The
month of April had given a profit of 2,300'., and, as tar as
mu be seen from the quality of the mineral passing through
the stamps, the profit for the month of May would be
much the same as that for April. In attempting to form
an estimate of the probable continuance of this scale
of profit they had to look to the capabilities of the mime to
continue the supply of quarts to etc extent necessary to
keep the stamping mills supplied, and to the quality of the
mineral to be produced ; with respect to which point they
bad before them the report of Mr. Harvey, the able
manager of the mine at Chines, made to the shareholders of
that company on May 4, which stated that the last six months'
operations manifested a most important feature—namely,
that the increased yield was nearly 4 diets. per ton in amen
of the previous half-year, which, besides giving an addi-
tional value to the mine, must undoubtedly tend to set at
rest the question of the reefs becoming poorer in depth ;
and that, setting aside the question of the reefs ceasing to
be productive as they desomeled, there could be no doubt
the result of the pest six months' operations bad
placed the company is a better position than
ever it was before, and given substantial proof of the
opinion expressed at the last half-yearly meeting. Mr. Har-
vey estimated the amount of quarts now in sight as equal to
50,000 tom, taking the average width of reefs at six feet,
which was a low avenge. Haring quoted several authori-
ties to the effect that auriferous venue continued productive
in depth, he concluded by moving a distribution of
le. per share, as by the constitution of the company's deed
they could orgy declare a dividend at the annual meeting
in January. That distribution would absorb 4,873 f. ; and
'4871., being 10 per oust., would be added to the reserve fund.
A discussion erase upon the question of distribution, an
amendment being proposed and seconded that it should
amount to Is. 6d. per share. The motion from the chair
was, however, ultimately carried, with only two disseatients.
A vote of thanks to the chairman and directors brought
the proceedings to a close.

UNITED MEXICAN MINING COMPANY.

Yeaterday the ordinary meeting of proprietors
wu held at the company's aka, Finsbury-circus ; Mr. C.
Mogan in the chair.

Mr. W. M. BROWNE (the secretary) read the notice con-
vening the meeting, and submitted the report of the directors,
which stated that the statement of expenditure and Teta rn sfor
1860 showed the expenditure on the mine to have been
366,673 dole. and the returns 403,697 doh., leaving a profit
of 37,924 dole., of which 28,425 dole. was passed to the
company's general acoount and 8,598 dole. paid to the
owners of the mine. It is, however, clearly estimated by
Mr. Fitsherbert that the profit of the mine and hacisedas
would have been upwards of 30,000 dole. more but for the
unsettled state of Mexico, which caused an enormous riseio
the prices of the neceesery storeesod materials. The statement
for the quarter ending March 31 last wee very cheering. The
company's °petitions in the mine of Jews y Maria (1101th-
wards) were being prosecuted ou the principal branch of
the great lode of fo Luz, ground having been laid open
producing ore of excellent quality and in great abundance.
The vein, though subject to fluctuation, is tionsually large,
being in one place more than 15 yards wide, commit& were
being driven to discover the most productive parts, and
much might be expected from their progress. An upper
level, called San Andre, it was calculated would throw
considerable light upon an uttexplored pert of the mine.
The value of the ores on hand and under reduction on May
22 were estimated at 95,600 dole., being as excess of 18,200
dole. of that reported at last meeting. The receipt of remit-
tance from Mexico of 9,3121. had enabled the directors to give
notice of payment on the sth proximo of the interest due on
the new loan ; also the payment 'n the 13th of September
next of 40 per cent. of the principal of the said loan. The
Mexican statement of general operations for the rear ending
1860 showed a @undue profit of 16,725 dollars. the London
Bimodal statement showed total asseta amounting to
9,4481. 10s. lid., and the liabilities 7,9201. se. 7d.
The Cusinistie mid he had nothing of moment to add to
the report just submitted, but he mast 000gratolate the
proprietors upon the present satisfactory state of the mine.
He might mention as an evidence of their progress that in
the year 1859 the profits were 12,000 dole.; in 1839? they were
17,000 dole.; and in 1860, 37,000 dole. According to Mr.
Fitsherbert, they would have made 30,000 dollars more this
year but for the state of anarchy into which the country
was plunged. Having 'congratulated the proprietors upon
the improved prospects of the mine, lie concluded by moving
the adoption of the report and accounts.
The resolution, after • short discussion, was put, and
carried unanimously.
Meows. C. Morris and J. Weston were re-elected directors,
end Mr. Adam warn elected director, in the room of Mr.
Joseph Tacker, deceased.
A vote of thanks to the chairman and directors brought
the proceedings to • close.

OLDHAM, asffrox AND GUIDE BRIDGE
RAILWAY.

The formal opening of this line took place yes-
terday afternoon, and the conveyance of traffic over it will
probably commence before the week is out The import.
once of the undertaking is sufficiently indicated by the fact
that it forms a second route between Manchester and
Oldham, besides connecting the latter place with Ashton-
under-Lyne and other populous localities. The length of
the line is 9,131 yards. It starts from the Manchester,
Sheffield, and Lincolnshire Railway at Guide Bridge
station, where it also connects with the London
and North Western system. It passes thence through
Charlestown (in the borough of Ashton). where there
is a station across the over Medlock at Park Bridge,
where there is another station, aid tennisatte in a junction
with the London and North-Western Railway at the Mumps
station in Oldham. The chief station, however, is in a
much more central part of the town of Oldham, near the
station of the Lancashire and Yorkshire at the bottom of
Clegg-street. From this point to Mumps the new line and the
Lancashire and Yorkshire proceed alongside. The most im-
portant work on the line is a stone viaduct at Park Bridge,
about 200 yards long and 'NS fret high, formed of eleven
arches, nine of them having 50 feet span. and the others
30 feet apiece. There are onerous cuttings and embank-
ments, two short tunnels, and cestnectiosia with several
collieries between Charlestown and Oldham. The heaviest
gradient is 1 is 90.

SOUTH DIM, RAILWAY.

In extraordinary meeting o the proprietors in
this company was holden io the Bound-noon,, at Plymouth,
on Tuesday; Timms Woom.oona; Fag., in the chair.
The CHAIRMAN briefly stated the object of the meeting.
It was to agree to a resolution, authorising the directors to
affix the common seal of the company to a lease of the
Cornwall Railway to the Association Companies for 1,000
years, the lean to be worked by an associated committee of
twelve, to be selected—four by the Cornwall Railway Com-
pany, two by the Great Western, three by the Bristol and
Exeter, and three by the South Devon Company. The
chairman or vice-chairinan is to be annually selected from
the Cornwall section of the committee ; but the chairmen
is not to have a casting vote. Five of the committee are to
form a working quorum, and differences are to be settled by
an official arbitrator, to be appointed by the companies or
by the Board of Trade, or on an appeal to a judge. This
plan has been found to work well elaewhere.
Wurrsuroao having reed the marguial notes of the
lease,
The CHAIRMAN moved a resolution authorising the
directors to affix the commas seal of the company to the
lease on the passing of the act of parliament, and subject to
such modifications as may be agreed upon.
This was seconded by Mr. D. DIRIRT, and unanimously
adopted.
This concluded the business, and the meeting separated.

BELFAST AD NOBTNEBIY COUNTIES

R.ixiiili:

The following in the report to be submitted at
the thirty-second *lf-yearly general meeting:
"The director+ have pleasure is reporting to the share-
holders that the negotiations for the purchase of the Ball-
mena, Ballymoney, Coleraine, and Portrush Junction Rail-
way, including the bridge and junction with the London-
derry line at Coleraine, were brought to a satidacto7
conclusion, nod possum° was taken of the line on the let
January last, since which date it has formed and been
worked es a part of your railway. Against the purchase
money there has been issued a sum of 180,0001. in pre-
ference shares, bearing interest at 4 per cent., and this
company has assumed the bonded debt of 80,0001. of the
Form* Company—together making a total payment for
the line of 220,000/. ; but a further liability may arise for
a sum of 20.0001. (in shares), contingent on the receipts
reaching a certain amount within the next four yens.
Some works which were taken into consideration at the
time of effecting the purchase, as a necessary expenditure,
are being done to complete the line, and, when finished,
will becherged to the capital amount. The directors, act-
ing upon the authority given them by the sbantholders at
the extraordinary meeting held on 6th March last, have
concluded an agreement with William M'Cormick,
for a transfer of his lease of the Londonderry and Cds
rains Railway, for four years, from 10th Ap* 1881. at •
yearly rental of 10,600/., and have purchased all the
rolling stock that was in use on the line. This company
have now the sole controla of the maws), between Belfast
and Londonderry ; and your directors hope the facilities
which they now possess for the transmission of goods, toge-
ther with the meter convenience afforded to passengers by
a direct through line, will tend to promote a further deve-
lopment of that trade between the important towns con-
nected by your undertaking. It will be in the recollection
of the proprietors that, at the half-yearly meeting, held on
the 27th Is ovember last, a resolution was passed authorising
the alteration of the periods for holding the ordinary meet-
ings of the company from June and November to August and
February ; and it was then agreed that the next settlement
of accounts should extend over a period of eight months.
The working expenses compare favourably with former
winters. The rolling stock and plant continue to be
maintained in good and efficient order. The state of the
permanent was- and progreas of the new works are referred
to in the report from the engineers. Railways, in
common with other commercial undertakings, have suffered
from the present depressed state of trade, which more par-
ticularly affects your line, from its being very much depen-
dent upon the linen manufacture of this part *1 the ()outdo;
but, notwithstanding which, it is satisfactory to observe*,
traffic is steadily improving. The balance at foot of revenue
account, after providing for working expenses, interest on
bonded debt, dividend on Four per Cent. Preference Shares,
and rent of Londonderry and COIIOIIIO Railway, is 22,3601.
14e. 2d., out of which we recommend a dividend of 30a per
share (being at the rata of 44 per cent. per annum), for Übe
eight months, amoentiag to 18,8301., and the ramie*
sum of 4,0601. 14e. 2d. to be carried to the reserved fund."