Welland Canal - The annual election of directors, on the part of the stockholders of the Welland Canal Company, took place, agreeably to notice, on Monday the 3rd inst. at their office in St.Catharines, and resulted in the re-election of Alexander Macdonell and Ogden Creighton, Esquires. The friends of Capt. Eccles, of Niagara, made a strong effort to oust the old directors, but failed, as usual. Our readers will recollect, that according to the amendment of the charter, passed the last session of Parliament, the board is hereafter to consist of five members - tow only of whom are to be chosen by the original stockholders, and the other three by the Lieut. Governour. His Excellency has therefore, been pleased to appoint, on behalf of the government, in pursuance of the authority vested in him, John Simcoe Macaulay, John Wilson, and Joseph Hamilton, Esquires, to be directors of said work - who are also appointed commissioners for superintending the erection of a light-house at Port Colborne, the southern terminating point of the canal, on Lake Erie. Great exertions are being made, to prepare the canal for navigation this spring, as early as possible, but the day of opening has not, we believe, yet determined on.