The Sun.
London, England, 1856-08-29 00:00:00

"That it is the opinion of this meeting that tha disas-
trous position of the Eastern Counties Railway Property
proves the inability of the present board, to manage its
affairs advantageously, or to do it justice, and therefore a
change is imperative, to the extent of four directors at
least, and that a committee be formed of twelve proprie-
tors, to consult with the Board of Directors as to whom of
their body shall retire ; and that the same committee shall
suggest to the shareholders the names of four gentlemen
to till up the vacancies to bo thus created. That this
meeting be adjourned to Thursdac, the lltlrday of Sept.,
at one o'clock precisely, to fill up the vacancies in the
board thus created ; and such names to bo advertised
prior to the general meeting."

The CHAIRMAN said it would be illegal to adjourn the
meeting, as proposed by the mover of the resolution.

Mr. MALINS then consented to: strike it out. He
referred to the evils of the practice of railway directo s
and others passing free over the line, and he called
on the meeting to agree to a resolution, that no person
should travel free over their line (not even Directors)
unless the line paid 4 per cent. If the Directors tra-
velled on the business of the company let them
pay their expenses and afterwards be repaid:
(Hear, bear.) The honourable gentleman next re-
ferred to the rates of cat riage paid by coal contractors,
viz., 100 tons of coal 100 miles at 3s. 101 per ton,
which, he said, way not sufficiently remunerative. Ile
considered that the time bad arrived when it
was necessary to have an entire change in the manage-
ment of the railway, and the effect that they shouA
introduce a number of new men into the directory.
(Hear, bear.) He recornmeothd the shareholders to elect
Mr. Walters a director in the room of Mr. Margrav,, wl:o
bad resigned. In allusion to his resolution Mr. Mahis
raid that ho withdrew that part relative to the adjourn-
meat on the understanding that a special meeting as
was nec-ssary would be called for the purpose.
A shareholder.—lt is a vote of censure on the direc-
tors. (Cheers.)

Mr. Ma ins said he could not help that. lie didie(it
move it in that sense, but in a measure for the improve-
ment of their property. (Cheers.)
Dr. REILLY seconded Mr. Males' resolutior.
On the CHAIRMAN putting the resolution for the re-
ception and adoptica of the report,
Mr. BUNcE (director) objected to the policy of
the board generally, especially the postponement of
the payment for ten years, the cost of the repairs of the
permanent way. I-ie ventured to assert that the ex-
penditure nect scary for putting the permanent way
into complete repair, would exceed 200,0001.
Mr. MiTcHELT, called attention to the state of the
accounts, which, he contended, showed that they did
business without profits, and the dividend was ih an in•
verse ratio to the gross receipts. A little7personal
invective had been displayed on former occasions aganst
the chairman, and he had been loaded with the sins of
all, but they must not look at it in that light, or tk.at the
directors generally were mere automatons—that " he
(the chairman) had piped and they bad danced"
but all were responsible alike, and he called on them all
to resign, and let the administration pass into new
hands.

(LEFT SPEAKING.)

STAINES AND WOKENHAM AND
WOKING RAILWAY.

HALF-YEARLY MEETING. -(THIS DAY.

The seventh half.yearly meeting of the proprietors in
;his undertaking was held this day, at twe o'clock, at
;he London Tavern.

The chair was filled by J. Garrard, Esq.
The CHAIRMAN moved the adoption of the report.
" The report stated that that part of the line between
Staines and Ascot gas opened far passenger traffic on
the 4th of June, and the remaining portion from Ascot
to Wokingham, on the 9th July. The stations would
be ready for goods and coal traffic early next month.
The passenger traffic for a newly-opened line was satis-
factory ; and that, as the line came into use, and as the
goods traffi a became developed, considerable increase in
receipts might be expected.
Temporary arrangements had been entered into with
the London and South-Western Railway Company for
working the line.
No agreement bad yet been made with the South-
Eastern Railway Company as to running over their line
from Wokingharn to Reading ; but the directors bad the
satisfaction of stating that they run their trains to Read-
ing, and that they had every prospect of a friendly rela-
tionship with the South-Eastern Company.
The capital account stated that the receipts by calls,
&c., amounted to 332,2421. 19g. 2d.
The motion was put to the meeting, and carried
unanimously.
The proceedings terminated with a vote of thanks to
the Chairman.