The Sun.
London, England, 1857-12-18 00:00:00

SCINDE.

Yesterday afternoon an extraordinary general
meeting of the shareholders of this company was
held at the offices, Gresham-house, Old Broad-
street (Mr. W. R. Andrews, chairman of the com-
pany, in the chair), for the purpose of authorising
the creation of additional capital by the issue of new
shares in consequence of the Hon. East India Com-
pany having authorised the issue of additional
shares in this company to the extent of 600,0001.,
for the completion of the Scinde Railway, on the
same terms as to the rate of guaranteed interest.

The CIirAIBALLN, in moving the adoption of the
formal resolution, said that the directors were un-
willing to press on the shareholders in the present
state of the money-market, but for the interest of
the company they felt constrained to take this
course. It was proposed to create 25,000 new
shares of 201. each, the first call of 2/. 10s. to be
paid on the 29th of January, 1858, and the second
of the same amount on the 10th of March. This
was, in point of fact, an addition to the originally
proposed capital of the company ; the original
estimate was 750,0001. but the East India
Company had at first only guaranteed a ca-
pital of 500,0001., but the sum proposed would
entirely complete all the works. The new capital
would be placed in exactly the same position as the
old, except that at Meerut it was not proposed to
allow any person to pay up more than 101. per
share in anticipation. Since the last meeting the
works had progressed most favourably, and the
works on the remaining portion of the line had
been let to most efficient contractors.
Sir H. MADDOCK seconded the resolution.

The resolution was then put and carried, and a
♦ote of thanks to the chairman brought the pro-
ceedings to a °lase.

TES LAUNCH OF THE LBTIATZLAN.

Mr. Thomas Gould has addressed. the following
letter to a contemporary :
"Sir,—ln common with all Englishmen, I have felt,
and still fee', a great interest in the Leviathan. I hare
watched her with admiration and national pride upwards
"from her cradle,' as promising to be the greatest
besuty of the age, and deeply regret to find ineffectual
the many attempts hitherto made to induce her to take
the water.

Dynamic science is certainly far advanced at the pre-
sent day ; but the engineers, employed to launch this
Queen of the Ocean, either de not understand the science,
or have made some very sad miscalculations as to the
force requisite to move so large an inert mass on a given
incline.

"I respectfully suggested to Mr. Brunel a plan, which,
in my bumble opinion, was not only quite feasible, and
to be accomplished at comparatively small cost, but
which would also obviate all riak of loss of life, and the
necessity of using the vast amount of cumbrous check-
tackle, &0., &c., the breakages and inefficiency of which
have helped additionally to retard the sufficiently slow
progress of the vessel towards the element which, 'cis to
be hoped, may one day become her home.
" My plan was To urge the vessel forward by
means of endless screws attached to the cradles, and
working on a continuous thread of-the length of the in-
cline she has to travel.' This was sufficiently simple and
available at (comparatively) very small cost."