The British Press; or, Morning Literary Advertiser.
London, England, 1826-04-22 00:00:00

THE BRITISH PRESS

KENTISH RAIL-ROAD COMPANY.

LAW-SUITS, BILLS OF COSTS. &e.
Yesterday a Meeting of the threaten and Pmprieiory of this
Company was held at the King's Head, Poultry, Sir J. Cockburn
in the (:hair.
The resolotion convening the Meeting, for the special purpose of
&mewing to, or dissenting from. a compromise made by the Di-
rectors on the part of the Company. with Messrs. Wilke and Ver-
beke, the Law Agents of the Company, and the resolution of the
2d March, enabling Shareholders who wished to withdraw from the
Company, to receive the amount of their deposits, deducting the
expenses incurred, having been reeds
The Cif AI n MAW said he rejoiced-Ist the opportunity of carrying
the latter into effect, and he solicits, the atteotinn of the Meeting
to the molichor's bill of mate. The Directors had agreed to pay
Altasra. %Valk* and Verheke, subject to the approbation of the
Shareholders, 31191. in of all demands against the Company.
There then would remain 22541. 7s. 7d. to be divided among the
Shareholder, which would make a dividend of fin. per Share, alter
an expenditure of only two-thirds of the sum subscribed, and it re-
mained with them to give the Directors power to finally conclude
the affairs of the Company by theist of June. The bill of costs
was 20394, front which MK, or rather better than 211 per cent., had
been deducted. The claim of Messrs 11 Ilk. and Verbeke had
bcen submitted to the consideration of three counsel. They were
of opinion that 3891. Os. 10d., in addition to what they already have
reutved, would be a fair remuneration. The Chairman further
sated, in answer to questions by Sharcholdert, that out of 10,000
Shares (the original number) ROM had been issued. and 74831. re.
ceived as deposits. A great number of Shares mill remained on
hand, and many that the depos is had not been paid on, were kept
fur the purpose of distribution among the Gentlemen through whose
grounds the intended rail•road was to have passed.
Mr. CLAnK, an auditor, moved a resolution to enable the share-
holders to retire from the Company, receiving Hs. per share, and
confirmatory of the compromise entered into by the Director* with
,lasts. Wilke and Verbeke.

Mr. WseNN aaid,beliHT the resolution was put he should
trespass on the meeting for a few moments. fie then reviewed the
proceedings of the Directors, and said *et be consideral tbl Di.
rectors were accountable to the Shs►ehoWrx for every shilling of
the deposits, in support of which he quoted the case of Nockles
against Milubell and another, as fully applicable to the present
case. fie then concluded by expressing his determination of trying
the question With the Directors.
fir JOHN SEWELL vindicated the conduct of the Directors.

The resolution was put and carried,
After thanks had been voted to the Directors, Mr. Warne served
the Chairman with law processes fut the recovery of the amount of
his share..

Sir Joust Immediately announced the circumstance to the meet-
ing, which, after expressing great indignation, suspended the pay.
ment Of 11s, a share until the Wile of any Legal proceedings insti-
tuted by tlr. iVat ne against the Directors.
Mr. VI'ARNE said, that In the event of his succeeding against
the Directors, he should only charge costs out of pocke'.
Thank& were then voted to the Chairman, and the meeting
brake up.