The first general meeting of the shareholders was held at the Town Hall, Welshpool, on Saturday, July 21st; WILLIAM ORMSBY GORE, Esq., Chairman of the Board of Provisional Directors, in the chair. The attendance was very numerous. The report stated that it was the intention of the Directors to proceed with the construction of the railway with as little delay as possible, that the certificates of the proprietorship of the shares in the capital of the Company, under the seal of the Company, could be forthwith issued to the Shareholders; that the Directors congratulated the Shareholders and the district upon the unanimity which had prevailed in the establishment and progress of the Company, and expressed their hope that this would lead to the speedy completion of the undertaking, and the further developement of the resources of the country. The speakers on this occasion were the Chairman, Sir W. W. Wynn, Bart. M.P., the Rev. C. T. C. Luxmoore, the Ven. Archdeacon Clive, G. H. Whalley, Esq., the Rev. Maurice Lloyd, Richard Humphreys, Esq., George Brace, Esq., and other gentlemen. The Directors named in the Act were, William Ormsby Gore, Esq., M.P., Sir Watkin Williams Wynn, Bart. M.P., D. Pugh, Esq. M.P., John Naylor, Esq., John Carnac Morris, Esq., Richard Herbert Mytton, Esq., John Davies Corrie, Esq., Rowland Jones Venables, Esq., Arthur James Johnes, Esq., Col. Herbert Watkin Williams Wynn, M.P., J. Powell Wilding, Esq., and Wm. Lloyd, Esq., and they were re-elected unanimously. An important resolution was also passed, “That it is the opinion of this meeting, that it is of the utmost importance to the interest of the Company that a communication by railway should be effected between Newtown and Milford Haven; and the Directors are hereby requested to afford such co-operation and assistance to any Companies now existing, or which may be projected, as would best tend to accomplish that object.” The entire proceedings were marked by harmony and good spirit, and all present appeared suitably impressed with the importance and value of railway communication through Montgomeryshire, and with the benefits, in connection with the great national harbour at Milford Haven, which would ultimately accrue to the “Oswestry and Newtown Railway Company.” Few, if any, railway enterprizes were ever started under a more able and upright management, and perhaps equally few lines, of so short a distance, had at their outset such encouraging prospects before them. With these signal advantages no doubt can be entertained that the undertaking will be crowned with abundant success. Statistics.