The Sun.
London, England, 1849-07-05 00:00:00

EAST INDIAN.

A special meeting of this company was held yester-
day at the London Tavern, for the purpose of consider-
ing and approving of a Bill now before Parliament
to incorporate tho company. Mr. Aglionby, M.P., in
the chair.

The CHAIRMAN briefly explained the object of the
meeting ; it was convened in compliance with the
standing orders of the House of Lords, which required
the sanction of the shareholders to the Bill prior to its
being read the second time in the House of Lords. He
stated that the Bill would probably be read the second
time on Monday next,having passed the Standing Orders
Committee. One clause now in course of preparation
would have to be added to the Bill.
Mr. NOAD, the secretary, read the side heads of the
Bill, from which it appeared that the objects wore to
incorporate the company, and to enable them to enter
into contracts and arrangements with the East India
Company, to reduce the shares from 501. to 20/. each,
to authorize the company to issue half or quarter
shares when required, and that the number of direc-
tors should never be less than six nor more than 24 in
number.

The CHAIRMAN then moved a resolution to the effect
that the Bill be approved, subject to such alterations as
may be made therein by Parliament.
A SHAREHOLDER wished to know the object of re-
ducing the shares from 501 to 201. each, and what the
power to issue half and quarter shares was for?
The CHAIRMAN stated, that the reduction in the
amount of the shares was to make them more market-
able; and with regard to the half and quarter shares,
that clause was to enable the company to carry out fur-
ther extensions of the line, if dee med expedient, and to
confine the advantages arising therefrom to the holders
of original shares.

A conversation ensued, in which Captain Henderson,
the Chairman, Mr. Dean, and Mr. Fresbfield, the soli-
citor, took part, from which it appeared that the Bill
had been framed with great care, embracing all the ne-
cessary power',—and that by an alteration in the word-
ing of tho Bill, Parliamentary fees to the amount of
4,0001. were saved to the company. There was a clause
now under consideration which would have to be intro-
duced into the Bill, giving the East India Company
power to control the expenditure and supervise the ac-
counts. No liabilities could be incurred without the
sanction of the East India Company. Matters were
progressing favourably under the authority of the Board
of Control, Parliament, and the East India Company.
The CHAIRMAN said, the proprietors would be called
together at the general meeting next month, at which
time he hoped everything would be satisfactorily arranged
and completed.

The Bill was then unanimously approved; and after
a vote of thanks to the Chairman the meeting separated.

BARNET AND NORTH METROPOLITAN.
_ _

Yesterday the winding up of this company's affairs
came ou before the Master in Chancery, Tinney, on the
petition of the Rev. J. M. Charlton, of Totteridge, in
the county of Herts. The petitioner set forth that the
company was projected in 1845, with a proposed capital
of 400,0001., in 20,000 shares of 201. each, and 21. 2s.
deposit, its object being to connect Barnet with the
London and North-Western, Great Western, Eastern
Counties, London and Manchester, and London and
York Railways. About 19,270 shares were allotted to
1,266 applicants, some of whom paid the deposit. The
scheme failed on standing orders, after the committee
management had incurred liabilities to the extent of
of 5,0001. To liquidate these the subscribers had
long since been called upon to contribute ss. per share,
but had not responded to the call of the committee of
management, who had expended the whole of the deposit
money, leaving still a large amount of outstanding debts,
for which the petitioner and his co-subscribers were
liable. The secretary of the company had in May last
recovered a judgment against one of the directors for
3561., and as every member of the company under the
winding up Act was bound to contribute a proportion of
the amount of this judgment and towards defraying the
other outstanding demands, the petitioner prayed that
the company might be dissolved according to law and its
affairs finally wound up. After hearing the parties pro
and con the Master appointed Mr. H. J. Norris, of 22,
Upper Gower-street, to be official manager, for the pur-
pose of settling the list of allottees liable to become con-
tributories under the Act.

READING, GUILDFORD, AND REIGATE.
The two ends of this line—namely, from Reigate, on
the South-Eastern Railway, to Dorking, eight miles ;
and from Reading, on the Great Western Railway, to
Farnborough, on the South-Western Railway, sixteen
miles, were opened yesterday. Four trains, in connexion
ith the main line, ran each way from Reading to Farn-
borough, and seven from London to Dorking.