The Committee of Investigation of the Eastern Counties Railway have
issued their statement with regard to Mr. Waddington's answer to their ori- ginal report. After reviewing each of Mr. Waddington's pleas, the Com- mittee reassert the validity of all the charges made in their report, and con- clude- by contending that the following have been fully proved,—namely, that the dividends declared half-yearly have been from untrue accounts; that the permanent way has been neglected so as to cause great loss and scandal to the company ; that 200,0001. has been illegally lent to the Eastern Thaw Company ; that an attempt was made improperly to cancel a balance of 31,3411. due from the Norfolk Company; that 38,2641., laid out chiefly on the Norfolk line, has been charged to the Eastern Counties ; that no audit has ever taken place of the stores or locomotive department; that the stores account has never been balanced since 1851; and, finally, that there has been a loss on this account of nearly 50,0001., which has never appeared in the books.—Ilates.
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