The Express.
London, England, 1850-08-09 00:00:00

Yesterday, the kV yearly general niesting et the
WSIIIMISMIeIdid=II. IX= Guaawas kill :auS , Req., he sIM asks..,li
meltzelhalaules, the SICISTMIT read
the hilbsenes import el Dinghies :
Tear diE:beee. be rapen to the shareholders, that
shim 1111 hili=naesim the lease of this line to
Ws Wm duly sealed and ex-
eledsulty" In
twe stagnates suersolively. The 100,COOL
so-
il le In raised was raised, sad pert et the
um, Ms bees pal of by mom of sheds of 31. per
shore ; 000001 , the roadsides of the Wei will be paid of
bare eel of W. per slim, WA to be min sod et whiels
has been gives. It isoloubthen Mein to sod
01 lheatistrehdders that a 1111 le C . MI been filed
egoist the Ilse* Benson Ossenny, sod itseempnp, for
WM Pill et preendoe this messy bobs paid Thu doe,
mint Inninnents the Isom the dlesente leek au skis
Won* yen surneeeler or the South Beam Cempaay
to see aside a Mee Mused end eseseleted usder Hs spacer-
rout advise or the mast able counsel in the Weeds., as a
futile pretending. The Creston Gould sot for a moment
deeit that the sat meld be duly paid by the South
Tenses Cerege, bet he the better esti/AIWA. of the
shenbeldsis area a letter to Use Beath Eastern Com-
pesyer cal follewleg is a 'ropy :
isitmeis ' Whined, sad Reigate Beilsray Coespeny,
Royal sop Aeon Tds.--Dser Sir—sts it is probebis
that qualms win be asked at our half-yearly manse to-
Neforren, teletPre le the bill fled Est sir respective corn.
risks, by Yr. Wilkes Goatee Thesepsse, au the subject
of the loose of ear to the Meth bioe• Oeutpeny, it
Wenbe essmillend' 4 bleb, my beer& to simemein the
. _
lie 41111‘
' itZettliald4 Orli the OS
peesiedialll ,Zes= pp ee
:.
_ .. . .

fresh e vindictive spirit, sod hs utterly futile, and they have
so doubt that your board look epee the matte, precisely in
the mass way. It it, however, advisable that we should be
in poesenden of a neologies if your beard, intimating their
determination to pay the rent doe to ear proprietors under
the lefts of the 16th of Sept. next. I shall, therefore, feel
obliged by your submitting this letter to your directors and
favouring ma With a :reply by twelve o'clock tomorrow.--I
am, dear sir, F. H. SLYLY, Secretary.
" G. H. Herbert, Esq.."
To this the following answer was received :
" Booth Eastern Railway, August 8, 1860.—Dear Sir—
I have laid before the directors you letter of yesterday, and
I em desired to say, is reply, tkat the directors are advised
to, end will pay the half year's net of the Reading, Guild-
ford, and Reigate line when it fells dee, unites, of course,
as iojanction be obtained in the meantime to restrain the
pelmet, but which neither the counsel of the company nor
the direeten contemplate as at all probable.—l am, dear sir,
G. 8. 11111/1111T, Secretary.
" To J. H. Billy, Esq , secretary, Reeding, Guildford,
and Reigate Railway Company."
Your directors have then every reason to state, with con-
fidence, that the rent will be duly paid, and that on calling
bea together the dividend due on the 16th September will
declared at the rate of 61. 2a. 6i per cent. per annum,
on the mount paid up in terms of the hue. The directors,
therefore, have now merely to propose that this meeting be
adjourned to Monday the 16th September next, at 1 o'clock,
for the purpose of deelarieg • dividend, and of fixing the
periods for bolding the future half-yearly mettinp.
The CHAIRMAN said he should ask the proprietor to
confirm the report, as it would come under discussion at the
adjourned meeting. After the letter of the South Eastern
Company, which had bun read, there could be no question
as to the perfect integrity of that company, and their deter-
mination to carry out their eogagemeat. Still he could not
suppose this was done from any chivalrous feeling of honour.
Nobody could believe the directors of the South Eastern
Compare y ware silly men, which they must have been, it
they had entered into the agreement without being satisfied
of its perfect validity. It war right to suppose that the
directors were convinced that they had the power which
was now questioned, Lamely, the power of taking the levee.
Sack a simple tiling as taking a lease could not be ques-
tioned, after all the best legal advice in the kingdom had
been taken, and it appeared to him (the chairman) impos-
sible to fathom the depths of thine parties who had filed the
bill in Chancery. It wee not for him to impute motives, but
nevertheless it did appear to him that they could only be
those of vindictiveness and cock jobbing. Had the party
attempted to fellow up his proceedings, and obtain an Jejune-
tin, he believed they would have fallen at once to the
ground, but he brought them on just before the lone vaca-
tion, and did aot attempt to push them. The South Eastern
Company had met the case manfully, and resolved to carry
it out, (Hear, hear.)
Mr. MACGREGOR said he considered the case as irrevo-
°ably settled as anything ever was. (Hear, bear.) They
had taken the opinions of the most eminent counsel, and the
lease was then drawn. The Reading and Reigate Company
did the same, and all the counsel were urea:Annus. He
hoped the bargain would eventually not turn oat • bad one
for the South Easters. (Rear, hear.)
The CHAIRMAN said he would now move that the
meeting stand adjourned to the 16th of September, for the
purpose of considering this report, for declaring a dividend,
and flan, the periods for their future half-yearly meetings.
The report was then adopted and the meeting broke up.

NZWRT AND ENNISKILLEN. The half-yearly
meeting of this company was held yesterday, at the Guild-
hall Coffeehouse, City. Mr. W. F. 81,ACKMAlt took the
chair.—The Secretary read the report, from which it ap-
peared" that the receipts from calls in arrear, intern*, and
rent of land, amounted to 2931. 61. 3d., and the payments to
2,1351. 21. Bd. The latter consisted of 1,6001. paid to Messrs.
Wallace and Ca., aid 4311. 3s. 101 d. to ether creditors, in
reduction of the liabilities set forth in the last balance sheet,
leaving the sum of 2031. 18s. 91d. as the total expenditure
(or the half-year. The directors considered It matter for
congratulation, that with the exception of a balance of
1,0001. due to Messrs. Wallace, all recognised claims on the
company were now discharged. With respect to the en.
settled claim of the contractor, Mr. Dugan, the directors
considered that so far from the company bring indebted to
him, be was at the present time overpaid to a large amount.
The directors had learat with much satisfaction, that the
Dublin and Belfast Juaction Company had at length ob-
tained assistance from government, which would enable
them to complete their undertaking forthwith, and as they
were fully sensible that a combination of the interests of the
Dublin and Belfast, the Newry and Enniskillen, and the
Newry and Wurenpoint Companies, was indispensable for
the prosperity of either or all of them, they would seek, by
all the means in their power to accomplish it. At the same
time they were keenly alive to the importance of immedi-
ately finishing this company's line to tbe point of junction at
Gush Wood, so that if anything should arise to prevent
this combination of interests, they might be prepared, on
the opening of the Dublin and Belfast Junction line, to in-
tercept the whole of the traffic to and from the port of
Newry. The directors had renewed Asir application to the
Court of Chancery for the appointment of a receiver to take
the tolls, rents, and profits of the Warrenpoint line, without
reference to the agreement with Mr. Dugan, and without
prejudice to the rights of all parties, and they wore happy to
say that it bad been suocessful. Having now obtained this
control over the funds of the Warrenpoont Company, which
was the only thing wanting to make the security held by
We company a perfect one, the directors hoped to be able to
raise the necessary funds for the completion of the line to
Gash Wood, without making any further call on
the shareholders; should, however, a call be unavoid-
ably necessary, it would not be made without ell
the facts being first laid before them, and their
consent obtained thereto. The directors recommended

that the ferfeltare of 856 aiares;i;;;ol
and 0, be coalitmed. From the accounts it appeared that
the amen of the company were 43,0071. 2s. 94., the claims
1,3201118 d., and the balance at the banker's was 9731. 68.8 d.
The Chairman said his obtervatioas wculd principally refer
to three points—Ant, kir. Darien ; secondly, to the War-
renpoiat line ; sad, thirdly, to the probability of their selling
the Newry line and misting up the affairs of the company.
As to Mr. Dugan's claim, he wee happy to say that since
that report was made out they had found that his claim,
which amounted to 4,0391. 165., was reduced to nothing;
and that, on the contrary, there was very great probability
that Mr. Dugan had been overpaid to the extent of 10,0001.
In reward to the Warrenpoint Company, they had been com-
pelled to take legal proceeding in respect to the money
lent to that company ; and he was happy to say that the
Court of Chancery had granted them a receiver of the funds
belonging to the Warrenpoiat Company, so that they
could net make away with their property without the con-
sent of the Newry and Enniskillen Company. They had now
every prospect of staking their limit° Oorah Wood. los beyond
their own security they had now that of the Wurenpoint
'line ; but he dare gay that claim would be soon removed by
the other companies diecherging their obligations to the
Newry company. In either one the directors hoped to
raise the feuds neesmaggitio complete the line to thcpoint of
inaction without trots the shareholders with may calls.'
As to the sale of the line, e was happy Is say that the Dah-
lia sad Belfast Railway was now fast enmeshing towards
Use past of junction, where their :interest would be con-
, metal with that of the Newry and Enniskillen Kan If the
threeters of the Dublin gad Bidets* Company did not pur-
silos this limo, he had no doubt they would be able to dis-
pose of It to others, for they must eventually control all the
*Ma into the town of Newry, as sega as their line was
Ilaisbod to (torah Wood. The Clubman ended hie oboe,-
wine by moving the adoption of the report sad acetman.—
A Shareholder asked it 6,0001. wen obtained Sem the eon-
tuneer, whether k would templets the railway.—The Chair-
man thought about 12,0001. altogether wonld be necomary ;
the whole length was only about foie miles.—iir. Burge
asked what was the revise of the Warrenpulat Conspany.—
Theo Chairman replied about 601. a wink, or a dear 11,600 k
• year ; over this they would now plugs a receiver, whisk
would give this company the NUM of area enWaae —Mr.
Leo, Mr. Johaeon, Mr. Crumble, and Wane having mane
some observation, the regbrt was adoploi en 9111199•111.-1
Kamm Sealy and Crash!, were re• eilestol &Wenn ; and
Mr. Celnuest was sleeted as auditor. • remlatlem woo then
C 4 ler the forfeintre
boos of 966 shares. • wens of thaaks ,
wood so the duirmaa. the ossodog of/Joarsod.