The Sun.
London, England, 1860-05-23 00:00:00

EASTERN BENGAL.

The half-yearly meeting of this company was ap-
pointed to be held yesterday at the office, Gresham-
street, but in consequence of the non-attendance of
a sufficient number of shareholders (20) to consti-
tute a legal meeting, no resolutions were passed.
Mr. J. F. LEITH was in the chair, and as 15 share-
holders were present he thought it as well to men-
tion that since the 31st of December last, to which
day the accounts were made up, £38,295 had been
paid in anticipation of calls, making the balance to
the credit of the company £292,295. From this
had to be deducted £72,000 expended in England
and £30,650 in India, leaving a balance now in hand
of £206,645. They continued to receive payments
in full in respect of future calls on the shares, and
those receipts had enabled the directors to defer
making calls on the shareholders. The total ad-
vances in full on shares to the 22d of November,
1859, amounted to £185,055, and since that time
they had received £24,265 in payments in full upon
shares, and £22,805 in anticipation of the call due
in July next, making the total payments in ad-
vance of calls £232,135, which he considered
was a very satisfactory amount. The num•
ber of shares in the company paid in full
was 14,029, the total number of shares being 50,000,
leaving 35
.971 subject to future calls. He had no
doubt that several of those would be paid up in full
before the next half-yearly meeting. It was pro-
posed when one-half the capital was paid up to ob-
tain power to convert the paid-up shares into stock.
They looked forward to a speedy completion of the
works, and they were now engaged in providing
th 3 rolling stock.
The meeting was then adjourned sine (lie.

SCINDE.

It appears from a telegram received on Monday
by the chairman of the above company that the
Stanley passenger steamer, of the Indus steam
flotilla, intended to run on the Indus in connection
with the Scinde Railway, had on the sth inst. safely
steamed the short sea passage from Kurrachee
round to Ghizree, at the mouth of the creek leading
to the Indus. She was built entirely for river
navigation, her draught of water being less than
two feet, and consequently her performance on that
occasion was considered very satisfactory.

MADRAS IRRIGATION AND CANAL
COMPANY.

The directors state in their report that the pro.-
gresa made in their undertaking since the first ordi-
nary meeting has been in the highest degree satis-
factory. The report states that Col. H. C. Cotton,
chief resident engineer, entered upon his appointment
in Madras in July last. The directors acknowledge
the great promptitude and liberality with which
Sir C. Trevelyan, the Governor of Madras, afforded
every possible facility and assistance to Colonel
Cotton, to enable him to execute their instructions
in the most effectual and satisfactory manner.
With a view to insure the complete success of the
company's operations, the Governor of Madras
appointed Captain Rundall, then acting as superin-
tending engineer of the Godavery Irrigation works,
as the representative and adviser of Government.
the Captain Rundall, in his official capacity, accom-
paniedcompany's resident chief engineer
throughout his investigation, and most cordially
rendered his aid and advice in the determination of
the course and situations of the various contemplated
works, and also in drawing up approximate esti-
mates, thus securing, as tar as could be, the approval
of the local Government to the plans prepared. It
was under those favourable circumstances that the
course of the proposed lines, canal, and general fea-
tures of the undertaking were determined upon,
and the chief resident engineer was enabled to for-
ward, in a remarkably short space of time, the
further and most satisfactory report, dated Decem-
ber 21, 1859. The directors remark " that the works
as now planned with their subsiduary channels, will
irrigate and render cultivable vast tracts now lying
waste, and will also form the natural line of com-
munication between Madras and those tracts, as
also with the extensive countries drained by the
Kistnah, the Toombudra, and Pennar Rivers and
their tributaries, embracing the Southern Mahratta
&c., and that the Kistnah is believed to
be
country with a large portion of the Nizam's do-
minions,
navigable for a considerable distance, and capable
of being rendered so, at a trifling expense, for 600
miles above Kurnool. The capital account to the
31st of December last shows that £446,028 had been
received, and £10,062 expended, leaving a balance
of £435,557 with the Secretary of State, and £4OB
cash in hand."