The Express.
London, England, 1850-01-12 00:00:00

RAILWAY MEETINGS.

CALEDONIAN AND DUIIBARTONSHIRE
JUNCTION.

On Wednesday, an adjourned meeting of the share-
holders in this eompsny wee held at Glasgow, to empower
the directors to enter into an gement for to. lease 0,
the Use; and to consider the parliamentary notices for • bill
in the next session of parlisment—Ginson liirorr, Egg., in
the chair. After the usual pr. limitary business,
The CHAIRMAN said that they were aware that the
present meeting had been called for the purpoes of giving
them another opportunity of re-comaidering the report by
the directors, read at a meeting two or three weeks ago,
which had been dissolved, under the impression that it
was not legally constituted. There seemed to be a differ
race of °plaices as to that point—nom- parties saying
that twenty sharehrlden, who Lad pats up the whole
of their calls, were not necessary to eonstrtute • meeting,
and that it only affected the Toney:. However, be that as it
might, it had been thought better to call another meeting to
afford them fall opportunity of expressing their opinion oa
the two enhiscss contained in the report.
The CHAIRMAN then moved that the directors should
be authorised to complete the agreement with the Messrs.
Burns, which was seconded by Mr. W. CAM resLL, and una-
nimousl speed to.
The CHAIRMAN also moved that the application pro
posed to be made to parliament in the ensuing session be not
proceeded with.
Mr. YUILLE seconded the motion, which was also
carried.

The CHAIRMAN further moved that the directors
should be instruct..l to complete the lies between Bow-
ling and Locilumond, and to use all legal means for
making available the funds requisite for this purpose.
A good deal of discussion ensued, on a suggestion by Mr.
Galbraith, that a committee of three or tour gentlemen
should be appointed to co operate wilt the directors in
making good the arrears of calls. Mr. Pater Blackburn sad
other shareholders eapreued their opinion that the fifteen
directors were already numerous enough for this purpose,
and toot the proposal, it carried out, could only tend to
embarrass their proceedings ; while Mr. Shaw and others
stated that then was an idea abroad of favouritism cn the
part of the directors, who, likewise, had not sufficient kcal
knowledge. Ultimately, the Chairman's motion was pat and
earned; aad Mr. Oulbraith's proposal was negatived by a
majority of 16 to B.—The meeting thee separated.

MIDLAND.-FINANCIAL STATEMENT TO THE
PROPRIETORS.

The directors of this cempany have putt wind a statement
of the expenditure, estimated datilities, and further outlay,
and unappropriated capital of the company on 30th June,
1849. The directors state that the interval that has elapsed
since the last half-yearly meeting has enabled them to ascer-
tain nearly all the claims of contractors, engineers, solicitors,
and others, sad to present a statement, showing a- correctly
as poosible the utmost probable amount of further expendi-
ture on account of capital. The total expenditure to Jane
30, 1849, was 15,127,4681. ; the estimated liabilities and fur-
ther outlay, 770,2401. Total, 15,897,6981, exclusive of the
share capital of the Leeds and Bradford Railway, 900,0001.,
and the debentures of that company, 299,9991. After meet-
log all the estimated liabilities of the company, and paying
off the loan notes, and the balance at debit of capital account,
then will then remain a surplus within the parliamentary
powers of the company amounting to 1864,4611., with other
unrequired debenture capital, 867,1571, end uncalled
share capital, 997,:›031. Sinn the last hell year's
account to 30th June, 1849, was made up, a further
call of 61. per share on the 501. shares has been made, and
lia`ilities have been discharged to the summit of 220.000 L,
so that the present liabilities no capital account have been
reduced from 770,240 g. to about 650,0001. The annual lia-
bilities of the company, taking the last half year's accounts
for a basis, are stated am follows :—Gaareatees on Sheffield
sad Rotherham preferential stock, 9,0001.; Leicester and
Bwannington ditto, 11,200 L ; Bristol and Binraffigham ditto,
103,3061. ; the latter will be 107,9941. when all is called up ;
Midland preferential stock, 1,6001.; Erewash Valley, 8,7001.;
Leeds and Bradford rent, 90,0001. ; total, 2237064. The
Interest on debentures under the Midland Company's Anson
30th June, 1849, wae. 3,238,5291. ,• Leeds and Bradford ditto,
61,4701. total 299,9991. On loan notes, the amount of
which on 30th June, 1849, was 741,2001.; total, 3,759,7281.
The report states that the annual amount of interest on the
above as of amino variable, and a contingent rats of dividend
on Midland stack, 6,666,7871. ; ditto, Birmingham and Derby
stack, at 11.7 e. &I per cent. lees than Midland, 978,6331 ;
amount received on 601. shares, 1,846,1031. ; total,
9,379,4231. • further sun has to be called upon the 601.
shares. Five per Gent. is guaranteed on the 601. shares till
Jan., 1852, after which they are to take dividend with Mid-
land Consolidated Stock. The directors intimate, in conclu.
sloe, that tbey intend to make a farther call of 61. on their
601. shares, to be paid on the 6th of April.

DUBLIN, JAN. 11.
The protectionist movement in Ireland, though so
thoroughly disoomilted in what were deemed the
landlords' strongholds, is still worthy of a few words.
There is something bold, animating, and encouraging
in the way in which it has been put down ; and the
events of the last week or two would show that
popular spirit in Ireland "is not dead, but only
sleeps." The account of the county of Down meet-
ing, which wastransmitted from Dublin yesterday,
as the only one that had been received from the
north, would of course be Understood as
emanating from a very prejedicod protec-
tionist source. Its tone, in that respect,
was too marked to be mistaken ; but it seems that it
was also erroneous in describing the meeting as
having been adjourned to the county room, the High
Sheriff, Mr. Keown, having retaintd the chair until
he put Mr. Sharman Cruwford's amendment, and die-
solved the meeting in due form. The defeat of the
Marquis of Downshire and his knot of friends was
thud= complete.
The Evening Post gives, from a correspoadent• the
following account of a second defeat which the pro-
tectionists of Wexford have encountered:
Banisoorthy, Jan. 9.—The county of Wexford landlords,
this day, sustained one of the most signal defeats perhaps
ever recorded is the annals of cultural strife. The adjourned
protection meeting was this day held, and, although every
effort was made to bring forward a number of taunts to
swell the ranks, the free trade party so utterly overwhelmed
them, that the landlords at ones proposed a compromise and
finally agreed to propose the amendment of the free traders.
This woo done by Charles A. Walker. Esq., and seconded by
Francis Davis, Seq. foes of the most extensive millers in the
loath of Ireland), en the part of the free traders, and was
carried with coolassation. The term " protection," in its
ordinary sense, was not even used ; sad a more unanimous
feeling In favour of full and unrestricted free trade was never
suutifested, even in the great hall at Manchester.
At the meeting of the North Riding of Ti
held at Nertagh this week, although it is referred to
as a triumph by the protectionists, the chief object in
view was the reduction of taxation, and all connexion
with the Glengall movement was repudiated by the
principal speaMte.