The Sun. — London, England, 1845-08-12 00:00:00

- . A 7 - Altitl V A.L 1 - 111 It MAJEST Y IN THE SCHELDT. 14 3 7 tie arrival at Blaekwall of the General Steam r q rigatio n i; ompany ' s s hi p S o h o, C apta i n J. F. C u ll en , ta Antwerp, we learn the safe arrival of her Majesty tp it &held% zai it i he Soho pa sse d th e R o y a l ya c ht about thirty -48 e tm Antwerp, at four on Sunday, which 18 •ec , she w ou ld reac h a b ou t half-past six, P.m. The Black Eagle was four miles astern of the a~i v , ^` yacht, and the Porcupine about the samo gtiace from the Black Eagle. At the time the Soho famed the royal yacht, it was blowing a heavy gale Z ls ta t he W. SW., accompan;ed with rain. When the kft Antwerp, doubts were entertained as to her 4L 'i e stY'a leaving he Thames, the weather having for th e last two days been so unsettled. b ? h e Soho saluted the royal squadron, which was Ptly acknowledged. 'he Lightning;and Monkey government steamers, with the NYtil carriages, arrived at Antwerp on Saturday r„ COURT CIRCULAR. - eir Royal Highnesses the Prince of Wales, the tt ie ll r e,'ls ' Royal, and the Princess Alice, accompanied by t o "ovra.er Lady Lyttelton, were taken in a carriage ~ sea beach on Saturday afternoon. Sunday morning the Prince of Wales, Prince Al too Princess Royal, and the Princess Alice, went In Ponies in the pleasure grounds of Osborne Raise. ki the afternoon the juvenile Royal Family were taken g to the beach. a fon de Moncorvo, Portuguese Minister, and le Com -IhlQueur Mar q ues Lisboa, Brazilian Minister, transacted 11 ' 83 Yesterday at the Foreign-office. Robert P e ci left his residence in Whitehall-gar st":4,Yesterday aft , moon, for his seat, Drayton Manor, inte ' "dshir e . Sir James Grith:irn and Mr. Young bad "ie%‘s with the Right lion. Bilronct previous to his Pirt ore. Wickham, Chairman of the Stamps and Taxes, It 7 an interview with the Chancellor of the Exchequer, Lt; r t ,r d aY, at his official residence in Downing-street. 4 0 ,4 )4 onteagle had also an interview with the Right • Gentleman. n e Marchioness of Hastings and Captain Henry left diltrice's Hotel on Saturday for Southampton. , Lady Clistone and Major Wit land left Farrance s Hotel for - ''r teat in Oxfordshire, yF sterday. 7.0 1 th e si e °l m e e°l COLONIAL ACCOUNTS. k T he Sel ect C omm itt e e appointed to examine into the kets of colonial receipt and expenditure laid on the th e of the House, and to report their opinion as to Iti ke la „cale in which it may be desirable to frame the e ttil Ter the future, in order to introduce uniformity, aee' ari tY, correctness, and completeness, and who were li d eeaered to report the minutes of evidence, have con tle,,'(l the matters referred to them, and have agreed e t ` b ae following resolutions, which they recommend 41 0 11 :a„ be conveyed to the Crown colonies for prompt sitt e r `Pn , in all cases in which they may not have been ti o '''Y adopted and complied with under the instruc : that have been issued fer the guidance of colonial 44setants, and to the colonies having representative slth ibb lies, as suggestions for the general improvement N o e colonial accounts, and for carrying out the objects °4 r aended to the attention of your Select Committee:— 44 D ;esolved-1. That in the opinion of this Committee Lassirable that a uniform plan of colonial estimates ~dnpted. %That it is the opinion of this Committee that such c : ates be prepared (wherever it is possible);in time to ti t le th e sanction of the Treasury Board and Secre te State before the commencement of the service to ea th e es ti ma t e s apply. 4. That it is the opinion of the Committee that such tb a tes be accompanied by a comparative statement of 4eceipts and expenditure, made up to the close of the slrevious to that in which the estimates are prepared. it i o'• That it is the opinion of this Committee that t 4 estimates as r gards the colonial receipts, shall di kr a sent the t, ross revenues under their several and s la t at heads. e tit ''. That it is the opinion of this Committee that as r .i ckt the colonial expenditure, the ditf-rent charges, tsp:ukke the charges of collecting the revenue, be classed stestely under their ditlereut heads, and that the same e r e of arrangement be universally adope d. IQ. Th a t it i; the opinion of this Committee that 4l t ed.- charges for salaries and other personal ser ue kept distinct from all other charges. ‘. That it is the opinion of this Committee that in itip, °l extraordinary or unanticipated expenditure, a a t i s "atnentary estimate, in the same form as the yearly Ki th ate, be prepared in the colony, and forwarded „ °et delay to the Colonial effiee. 4 % 8 - That it is the opinion of this Committee that of li c l iately after the local :xamination in adh celeny te, t annual account his been completed, a cotep Ira bstatetnent of the estimated and actual receipts and t:d i a ,rseruents of the year should be prepared by the PA 4 ,‘? 1.8 or other offieets by ts hom the accounts are t ""iled, showing under each h ad of revenue and iktenditure any difference that may have occurred ts 4ll w cen the estimated and actual receipts and disburse aqr 's of the year, and explaining the cause of any such i q'en ces. ei i9 v. That it is the opinion of this Committee that as ay the evidence taken before the Committee proves the ihr e riority of the dooble-entry system of book-keeping, te t Laccess wherever introduc , d into the public depart. it C.", and its general adaptat on to the public service, is; m capedient t h i t the said system he adopted for keep -7,7c accounts of colonial revenue and expenditure. NO That it is the opinion of this Committee that a stil t , e - r t 'k, journal, and ledger be kept in all the a t , o "wa, and that the ledger diAinctly represent the a heads of,receipt and expenditure, as exhibited in e t :timates. 'kith.'" That it is the opinion of this Committee that i lice te a V iew to the prompt examination of the colonial 4 t• th ..n t B l in all cases where a local auditor has not te ec T e appointed, provision should be made for a ' wa dy and efficient local examination of the tte4" l : l3 ; and the auditor or other officer to whom Pe Local examination is intrusted, should he em so'4d at any and all reasonable times to compare the te4, of other bal ewes of the treasurer, or any other ke b , intrusted with public money, with the balances ei,i' 4 ented in the cash accounts of their respective de itee,tile"te ; but .0 1 inspection and comparison are not „ - rctst d the peAodical verification of public balances ➢ Si o ', 4 amitteee or otherwise, which the governors of colts 4',4ave heretofore been instructed to institute. tts e ,' 2 . That it is the opinion of this Committee that the tli e -11 , a t 3 of the receipt and expenditure, when sent to e lat `ludit Board in London, be accompanied by the esti , es for th e year to which the accounts belong. ogl e 13 • That it is the opinion of this Committee that the accountants be required to make up and for - ei t j! their acc ounts to the Audit Board in London, f e "M three months after the else of the financial year t k "nich the accounts refer, or specially to report the ~!s of any greater delay. rtrid ; ;;l• That it is the opinion of this Committee that in Ise'" )11 to the accounts sent home after audit in the co - V ,,e s, copi es o f the colonial cashbook and journals be 'warded to the Audit Board. day 1 5 • That it i s the opinion of this Committee that where apd'aquiries or questions necessary for the elucidation ti ,Pompt audit of the colonial accounts are suggested riec e e Board of Audit, the coloeial accountant be re te-,en to reply to the same within one month after their itty ' 'Pt, or to send a special report as to the ceuse of de et„,stating the period at which the explanations may be ea~rctee. 16 . That it is the opinion of this C, imnittee that in 311 ell replies or explanations shall not be receive d %Crec Audit Board within a reasonable time (to be ihe —a teci according to the distance of the colonies and kuifaeilities of communication with the same), the Tr ess I t Board shall call the attentio of he Lords of the ~ l ary to the neglect ofthe colonial t accountant, ,rlsep .7 * That it is the opinion of this Committee that a Le hi —e lle report be male by the Audit Board to the % e V of the Treasury on the state of the colonial ac sm `g• showi ng t h e a rrears and the causes of the arrears, N e ell lirg the attention of the Treasury Board to every erirregularity and delay. Slo :t 8 - That it is the opinion of this Committee that leiacts of the accounts of the various colonies, after setAaxarnined by the Audit Board, be annually pre- Wit4 N to Parliament ; and that they be accompanied tsf er ea Pies of the estimates for the years to which they is d - That it i s the opinion of this Committee that it 'a c r asi rable that steps should be taken for ensuring the tee:„ Punctual transmission of the periodical returns of of t re and expenditure, provided for in the 7th chapter, atte Ka t es and Regulations for the Celoniel Service; t inet it i s a l so d es irable that a systematic record Ni t' ' 1 b e kept at the Audit - office, in a comp le t e and eollecateated shape, of the results of all the colonial ac rendered to, and examined in, that department , ao fer n manner as at all times would afford the means, p er ; r as rega r d s t h e C row n colonies, of giving to Go 'lei:lent and P a rliament specific information on all r i relatin g t o th e co l o nial receipt and expenditure ; to ti l ikewise that the Board of Audit should, from time lac existing uncles of keeping or rendering the colo red a ccounts as would remove the present anomalies, B .ecure a uniform, regular, and correct system of te et ;a l book-keeping ; and should also suggest the pu rn 'lli instructions to n the colonial officers for that pur aSeur:' give effect such forms and models as may be , ' 0 give effect to these instructions." a 'Y 17, ter: 111 . PITT' S LAST MOMENTS.—" I hAppelled to ob. Iljit e „ t hat I h a d rea d an account o f M r . Pitt's last moments in givurd's life of him, and that his dying words, praying for for eteeentesa through the merits of his Redeemer, or words to that Pe 1.i .4 1 together with the whole scene of his death-bed, ap ltoe. ' "I thought too much made up, and too formal to be Im o , lea ving the impression ' that the author, and those from mak m he gathered his information, had considered it a duty to i ot h 1 ,2 %. c close o f a g , reat man's life comfortable to their rei tly s r:"ngs rathe r than to facts and reality. Who is it that 4 44 ' °f him ?' asked Lady Hester. Dr. Prettyman and *Mi. altar Parouhar." Oh ! it's all a lie,' she replied, rather tli e ehaotly • . b r Pretty man was fast asleep when Mr. Pitt ,ere meet waiter . Far_quhar was not there; and nobody was "%en- Lit James. I was the last pErson who saw him except glie, e s and I left him about eight o'clock, for I saw him strug *Ore! if he wanted to sak and I did not like to make him Pitt After a short p a use ' she resumed What sh ,uld Z e i l ll. o toake such a p ause she resumed :-" What shuld e such a speech for who never went to ehurch t Nothin t d going to church when he tOti:f it " i a t i m .. ar : but g h Pr e e n v e e v n e e r , t , alked about . religion, and never onti ope upon the carpet.' " —Memoirs of Lady Hester ktraWhealha.ve to announce the demise of General FiEld toiiii rea V. Raditzk . President of the Military Com fort 1: 1 8 1 of the G • Wt ermarue Clofederation, who expired at Frank- Week. TTI _STN, LONDON, TrESD'A MORNING, AUGUST it INA 2. An Account of the Balances of the Public Money remaining in the ended the SA - 1 Day of July, 1845 ; the Money applied towards the Works, &c., with the Difference accruing thereon; and the Balances exchequer on the sth day of July, 1844; the Amount of Money raised by the Additions to the Fund Redemption of the Funded or paying off Unfunded Debt; the Total, Amount of Advances and 1 at the Exchequer, on the sth day of July, 1845. X a. d. £ s. d. £ s. d. ISSUED. £ d. £ s. d. BALANCES in the EXCHEQUER on the sth day of July, 1814 To the Commissioners for the reduction of the National Debt, to be applied to the redemption of the Public Debt MONEY RAISED IN THE YEAR ENDING THE STH D AY OF JULY, 1845, BY By issues per Act 10 George IV., c. 27 2,647,471 17 9 By interests on donations and bequests 9,214 4 6 THE CREATION OF FUNDED OR UNFUNDED DEBT. 2,656,686 2 3 Exchequer-bills 18,407.3001., charged on Supplies, per Act 7 Victoria, Deduct sum applied not in redemption of Funded c. 14 • 556,686 2 3 To the Paymasters of Exchequer-bills for payment of Exchequer-bills, 9,379,6001., charged on Supplies, per Act 8 Victoria, Unfunded Debt : ... . 9,269,600 0 0 c. 23 18,294,500 0 0 of Public Works, West India Relief, and Shan non Bills Exchequer-bills for Public Works.—Great Britain (charged on Conso- Money out of the Consolidated Fund, to pay off lidated Fund), per Act 3 Victoria, c. 10 in full of 2 000,0001., granted per Act 6 and 7 Victoria, c. 87 Exchequer-bills, West India Relief, per Act 2 and 3 Victoria, c. 125. to payment of Supply Bills Exchequer-bills issued for payment of Supply Exchequer-bills, West India Relief, per Act 6 and 7 Victoria, c. 87 108,500 0 0 20,321,300 0 0 18,415,500 0 0 Total amount of advances for Local Works, &c., under authority of various Act of Parliament ... 1,445,768 19 4 Ditto of re-payments, ditto 1,391,156 1 7i Excess of Income over Expenditure ••• ••• . 3,471,120 14 7 Excess of advances over re-payments 54,612 17 81 Balances in the Exchequer on the sth day of July, ..• ••• 1845 6,641,519 1 101 - 27,574,118 1 101 27,574,118 1 101 Whitehall Treasury Chambers, July 30, 1845. RAILWAY INTELLIGENCE. which their cause had been referred. It appeared that the legislative measures of last session had left them with all these inferior tribunals, instead of the one, to surveys, he would say nothing of them until their en gineer, Mr. Locke, had an opportunity of seeing their plans to judge what they might be. It was very clear that the trade from south t') north was much over-rated, LONDON AAD SOUTH-WESTERN RAILWAY. The half-yearly general meeting of the Directors and Shareholdt-rs in] this Company was held on Saturday at one o'clock, in the Board-room, at the Nine Elms Terminus, Mr. Chaplin, Chairman of the Directors, presided. The SECRETARY having read the advertisement ctil ing the meeting then read the report, of which the fol lowing is an abstract The total balance available for distribution is 86,7331. ld., out of which the Directors recommended a dividend of 375. 6d. per shire, subject to income-tax, being an advance of ss. a share, or 14 per cent. on the dividend declared in August last. The Guildford Junction Railway, which has now become the prverty of this C..mpiny (subject to its future probable amal 4amati,na with the intended line from Guildford to Chichester and P,rtstriouth), has been in working since the beg:nning of May last, and the traffic upon it has realised the expecta tions of the Board. The Act for extending this railway to tlie Waterloo and Hungerford BrPges, and for improving its river-side accom modation at Nine-elms, had received the royal assent. In connexion with it, the Directors cannot omit to congratulate the Proprietors on the passing of the Act for making a railway to Richmond. Friendly reLvions have been established be twevn this Company and the Richmond Railway Company, and arrangements have been airelity matte for working the Richmond line by this Company, upsn mututily satisfactory terms. The Bill introduced into Parliament by the Brighton Company for estabiidling a junction between the Brighton and South-Western tines was rejected by the Committee in the H _we of Commons ; but the Directors hare reason to believe that the applivatitna will be renewed in the next session, and whose opm6ns, it appeared, they paid no attention ; and ho himself did not disguise the truth, that he had calculated, with much satisfaction, on the probable effect upon the Committee of the decision of the Board of Trade ; and although a gentleman on the last occasion twitted him with too great a submission to the Board of Traile—cand he must confess that that gentleman was more correct in his prophecy of the result than he (the Chairman) was —he was prepared now to assert that such a controlling power as the Board . of Trade was ab solutely necessary to the preservation of railway inte rests. Without such a controlling power, the general interests of established Companies would be subjected to unity, competition, which the imperfect tribunals esta blished last session would not do away with. Yet one would suppose that five able gentlemen would have cooducred matters with more judgment than a Commit tee of tift.-en would, but the bye should be acquainted with the general necessities of railways, and with the particular I , ,cality to which the line before them had re- Erence. But in Parliament the reverse was the fact. me:&iers of Committees were chosen because they because or that traffic very little returned south again; and when they saw the lines projected by the Great Western Company, he almost doubted if this line would repay the projectors. He had nothing more to add, but would be most happy, as far as in his power, to answer any question put by the Proprietors present. Mr. UPCROFT thought that the report was a very satis factory one, inasmuch as their past , enger traffic was steadily increasing, and he for one was glad to see it. He would second the adoption of the report. A PROPRIETOR was of opinion that it would be desi rable to hold out friendly terms to the Manchester and Southamp:on Company. He thought that some sort of coalition would be of service to both companies. Mr.SNow said that if the proposed railway ran directly into the town of Southampton, they (the South-Western) could hare nothing to do with it, but if they proposed to use their station, he thought that feelings of a friendly character ought to be cultivated between them. He thought, however, that this meeting was not called for the mere purpose of receiving that report, mid his own opinion was, that a retrospective view of their struggles i❑ the last session would be useful as a guide to their conduct in the time to come. But nothing had been said by the chairman of their treaty with the Great Western Company. They had heard, indeed, that the Company was unpopular in the towns of Portsmouth and South ampton. In .►is opinion, of all the inconsistent people in the world, those of Southampton were the most in consistent. He held in his hand a report of the pro ceedings in the Southampton Docks Bill, and he found that the town council opposed, at last, all to which at first they had given a ready sanction. He (Mr. Snow) thought that the increase in the goods' traffic, and in the amount received for the half-year—namely, 28,5641., and 41.—bore no proportion to the reduction which had been made in the charges, and he thought that if they were further reducing those charges to Id. a mile, they would, in his opinion, increase the traffic to nearly double. He would recommend that the whole table of fares be revised for the purpose of reforming it. They might at least try a reduced scale for six months, and it it did not pay, they could at that period resort to the old charges. had no interest in railways, and because they knew walling of the particular pert of the country that they were to decide upon. In such a case, if an active-minded man got into the chair, ten to one that (even supposing him to be prejudiced in a particular way) the whole affair would be decided by him. But those decisions were now made, mind it was of no use to revert to them. Such were the coatingencie ; of appealing to the present tribunals established by .. the House of Commons, that he would leave any one in that room to judge whether any men, unless indeed they were raised above the failings of human stature, could give a satisfactory deci si rn, considering the many conflicting interests that were involved. It seemed as if Providence had intended their defeat as a lesson, lest they should get puffed up, and be too vain in future. He did not mean to say a word against the Chairman of the Committee, for from all he could learn he was a high•minded and honourable man; but he believed Viscount Canterbury had been elected by the House of Lords to act as chair man, but unfortunately his decease took place a little before the Committee met, and they were, therefore, left in the hands of Lord Hardwicke. He would repeat that he did not mean to impugn the conduct of that Noble Lord, but he went in advance of justice from a desire to get the business finished, and they (the South-Western Company) did not therefore overtake that quality, until they had passed his ordeal, and got within the House of Lords.—(Hear, hear.) But he was perfectly convinced, from what had taken pla3e chore, that they should get on better in the next session of Parliament. But he could not leave these Committees without one other word. On one or two occasions they spoke of putting down monopolies. They said that that Company was unpopular at Portsmouth, and they would therefore take care to throw the traffic open to other companies. He would, for the benefit of those members who were at a distance, as also for the sake of their new me übers explain the cause of this unpopularity. At first starting, it was the general opinion that it would be impossible te carry on this Company, and part of its capital was raised at 50 per cent. discount. They had hail a maximum rate of carriage established, which had however never been reached to, and on two trains they had reduced the rates twenty per cent„ and what were they doing ? They had got a Bill for the extension of the railway from Nine•elms to Hungerford-bridge, and then they calculated on carrying it on to London bridee. 'The whole of this extension could be effected nor a million of money, and their charges to these points weeld be somewhat under that which was now charged from Nine elms to Southampton. Then, again, they had reAuced the goeds' charges to 10s., and this, too, included loading and unloading ; he had not yet heard of any railway carrying at lower rates than these. Now when they contemplated these reductions, when they contemplated a million of money laid out to accommodate the public, he hoped and trusted that the putilie would give them credit for making a tender use of their monopoly. They frankly admitted that some irreeu!arity had taken place in the times of running the trains, but in the three months that the fares had been reduced tney h id increased their passenger trade by 52.1(15 persons; and they had also increased their goods traffic, in consequence of the reduction, by 15,179 tons. Then they had worked the Guildford Junction, which that Company were anxious to dispose of to them, and if the Sharehollers but considered this, and the increase on tleir good; and passengers, they would, believe that it had pressed very hard on their working stock, for owing to the increased demand not only in this country but abroad, it was scarcely possible to get engines at their command as they would wish to have. Then with espect to the station at this end, it was self-evident that it wits too small, and if they expended any money upon it, it would only be sheer wastefulness, because they wanted an extension to the Thames. As it was at present the marshalling of the trains took up a con siderable time, and this affected in some degree the time and regularity of starting them. But with all this the Directors were entitled to some credit, for with one exception they had never had an accident upon the line. But another remark upon their monopoly. It was fit that the Proprietors should know the effect the reduction of the charges had upon their funds. The in crease in passengers then had been 52,105 persons, and they had only netted 5,3751, and from the increase of 15,179 tons in goods, they had only netted 1,75 1., which would hardly pay for the loading and un loading at either end. Thel real cause of the outcry which had been raised against the Company arose out of the jealousy existing between the towns of Portsmouth and Southampton. The first of these places complained that they were ruined for want of railways. And the last said exactly the reverse, for they com plained that they were ruined by the facility of railway communication.—(Laughter.) They said that the rail way did no good to the hotels and other places, because passengers were at once whisked through the town with out stopping ; and such was the feeling that pervaded them that they proposed, in a line projected into Dor setshire, to have a separate terminus in order that they might make something by the transfer of the passengers' luggage from one point to another. He could assure them that their Directors were as anxious as any set of men could possibly be to promote the public convenience, and with this view they had lately effected some little change in their executive, Mr. Stovell having been ap pointed to the superintendence of the traffic department, thus allowing Mr. Martin to be released from details, in order that he might exercise a necessary surveillance over the whole thing. It was also their intention forth with to publish to the world their time bill, and that the whole of ;he short traffic, including the Guildford trains, should be independent of the long trains, thus obviating the nu ces'ity of all the passengers, to whatever place, being subjected to the inconvenience of stopping at the several stations between Woking and Lopdon. There was a railway spoken of between Manchester and Southampton; but not being yet acquainted with their with more success. An Act has also been passed, authorising the construction of the Southampton and Dorchester line, towards which, under the powers delegated by the Proprietors at the last helf.yearty meeting, the Directors have subscribed 325,000/. Four mem bers of this beard have become Directors of that Company, and the terms on which this Company are to become perpetual lessees of the line, have %seen already discussed and adjusted. By a clause is this Act the Board of Trade are empowered to enforce proper provisions for the passage between Dorchester and Weymouth, of engines and carriages constructed on the national gauge, and thus the traffic of Weymouth, eastward, and with London, will be considerably facilitated. The Directors regret that a successful result has not attended the application to Parliament for making the Guildford, Chi chester, Portsmouth, and Fareham line. The Committee in the House of Commons decided, it is true, after a lengthened inquiry (but by a majority of one only), against the greater part of the scheme, but even this Committee could net resist the justice of this Company's claim to an independent access to Portsmouth, nor deny the imperfection of any new line to Portsmouth, which failed to secure the advantage of this Com peny's access to the Thames at Vauxhall, and to the centre of London at Waterlso-bridge. In the House of Lords, the pro. moters of the line by Guildford deemed it their duty to appeal from the decision of the Lower House against them ; but it pleased the Noble Lords who formed the Committee to reject their claim to be heard, a proceeding (be it said with perfect respect for the right intentions of those Noble Lords) alike widely at variance with the principles of justice and with the practice of Parliament. 'The House of Lords have net per mitted this injustice to remain uncorrected, but have ordered the whole subject to be investigated by a fresh Committee in the ensuing session, when your Directors confide that the strength of the case presented by the promoters of the Guild ford line must ensure its adoption. In the meantime, the Act proposed by the Brighton and Chichester Company, for ex tending their line to Portsmouth, has been passed ; and your Directors have reason to believe that the adoption of that mea sure will not be without a favourable effect on the completion of the line to Portsmouth, by Guildford and Chichester, whilst the construction of the coast line between Fareham and Chi cheater cannot fail greatly to increase the traffic passing east and west over the lines now or about to be worked by this Company. The works on the Bishopstoke and Salisbury Branch have been contracted for on satisfactory terms : great progress has been made in their execution, and there is no cause to roubt the opening of that line in the early part of the ensuing summer. The Directors intend to recommend the execution by this Company of lines from Basingstoke to Salisbury—from the Salisbury Branch at Ramsey to the Southampton and Dor chester line at Redbridge—a Branch for the accommodation of Alton and the neighbouring district, and also a further ex tensisn of the railway from Waterloo-bridge to London-bridge. The three first of these undertakings your Directors are pre pared to recommend for adoption, and with reference to the last they are of opinion that the execution of such an extension will be hishly desirable, should the closer examination which they hsve ordered to be made as to the plan and 'he properties to be affected justify the favourable impressions which the Di. rectors at present entertain. '1 hat the attention of the Directors had been invited to the project for constructing a central railway terminus on the north batik of the Thames near Charing-cto , s, and they have deemed she subject worthy of mature deliberation. That they have therefore agreed, subject to the matured approval of Mr. Locke, and to the scheme receiving support from other leading in terests, that this Company should subscribe towards it. Upon these conditions your Directors anticipate the ready concur rence of the Proprietors. The Directors propo-e to provide the funds for the above seveial puroposes out of the new shares' capital created pur suant to the resolutions of this Board and of the Proprietors in December last. It is necessary that the scrip certificates now afloat should be at once called in, and the holders registered as shareholders. Advertisements have been already issued to this effect, and the Proprietors will bear in mind that, until re gistration, they become entitled to no " dividend, interest, or other privilege " in respect of their scrip. The CHAIRMAN then rose and said, that in submit ting this report to them, it was with some degree of partial satisfaction only at the progressive nature of the improvement in their traffic, but their Directors contem plated the being enabled to come before them in a loftier position. Thvy had flattered themselves that by securing the Guildford, Chichester, and Portsmouth Branches, which they assumed some right to claim from the intimation given by the Board • of Trade, and by their friendly relations with the Great Western Com pany on the one hand, and with the Brighton on the ether, they would be placing the affairs of the Company on a more stable footing than had hitherto been the case ; but in railway matters, as in the course of human life, they were subjected to vicissitudes, and among the adventitious circumstances of the times, arising from an abundance of capital, m i g ht be reckoned the numerous railway schemes which had in the past session come before Parliament. It was very evident that th att e ehhesLeegmise lature desired to encourage competition, for brought forward by the Croydon Railway, called the Direct Portsmouth, had nearly succeeded against them (the South-Western Company), showing that the schemes of least pretensions to usefulness had very nearly defeated those which had a legitimate claim upon the country. The Portsmouth Direct Railway hid very nigh succeeded, but for their mistaken zed in the Committee of the House of Lords. There they, to use a sporting phrase, had over-rode the hounds. — (Hear, hear.) Were it net for this mistaken zeal, he repeated, they should most assuredly have been beaten in their attempt to secure the legitimate line throogh Citicht ster to Portsmouth. One feels a little sor,: from t bumps and knocks received during the progress of these matters ; but one could not look with any is' t rte of satisfaction to the imperfect nature of the tribunals to The CHAIRMAN said that, as regarded the agreement I with the Great Western Company he should say a few , words. They had made an arrangement of a friendly character with that Company, with the Board of Trade, for a referee; but in that arrangement they had not sacri ficed in any degree the interests of the South-Western. They had entered into relations with respect to each other's district; they had not broken that agreement hitherto. The South-Western Company had got a Bill to make a rail way from Basingstok e to Salisbury; the scheme was, in the first instance, opposed by the Great Western Com pany, who ultimately withdrew their opposition. There was a Company started, with a capital of 50,0001, to make a line from Salisbury to Yeovil, and another Com pany to carry it on to Exeter. Then if the narrow gauge were recommended by the Commission appointed operations, usivefiel a d s w c u o u m ld p b ar e ed with upeed the up broad its t touet their mrgauge,enterprise, a into m xet because, the letter of' the agree ment , t h ey were not prec l u d e d from while they held strictly to taking advantage of such circumstances as might arise at an after period. With respect to the Manchester and Southampton, although the scheme was before the world, the ground had not yet been surveyed, and he -doubted much if capital could be raised for the purpose. Again, in relation to the fares, the Directors had consulted on the subject whether they should all be reduced to the level of those trains which had already been reduced twenty per cent. - Those trains, it would be recollected, had been lowered because they were so very inconvenient, stopping at every station. He thought, however, that the Proprietors might calculate upon the future reduction of prices. I suppose I may now move that the report be adopted by the meeting. Mr. GLYN wished to know, before that was put to the meeting, whether one million would include all the ex penses of the proposed extension to London-bridge ? The CHAIRMAN said it would. Mr. Sergeant GAZELEE thought the chairman's ex planation as regarded the agreement very far from satis factory ; and ne th )ught the question might be with great propriety asked, whether the Directors of the South-Western had rot been outwitted by the Great Western ? Neither did be think the report satisfactory in respect of the increase of passengers. The Directory in his opinion would be none the worse for having some new blood infused into it, as energy seemed a virtue greatly wanting. And now that they had lost their vice-chairman. the late Mr. Humphrys, it behoved them to select for the vacant office a gentleman of ability and experience, who could efficiently assist the chairman in his arduous duties. lie thought also with others of the proprietors, that a further redaction of fares and it.- creased accommodation to the public would add mate rially to their resources. He understood that the ex• press train had waited 10 minutes for the Duke of Richmond, who did not come after all. Was this right to the public ? Mr. SANGSTER thought the project of going to Lon don-bridge deserved to be more fully considered. He was certain the estimates were not sufficient for the purpose. Mr. TAMLYN would move a resolution, after the report should have been adopted, recommending the Directors to reduce their fares. He would not wish to bind them to a particular course ; but he would with great respect suggest that 2d. for the first class; lid. per mile for the second, and Id. for the third, be considered amply suffi. cient. The CHAIRMAN said that the reduction of fares was under consideration ; and with respect to the Duke of Richmond, he could only say that they were under very great obligations to that nobleman, who had lately left his seat at Goodwood, where covers were laid for 50 guests, in order to serve the purposes of that Company. The ompany's officer bad said that the train did wait 10 minutes, but that it still arrived in London 3 minutes before its time.--(Cheers.) The report was then adopted. 'The following resolutions were read seriatim by the Secretary, and unanimously adopted by the meeting :- 1. That a dividend of IL 17s. 6d, be declared upon all the registered 501. shares in the Company, except such of those created under the authority of the Gosport Branch Railway Act, in respect of which the Proprietors have elected to receive interest instead of dividend ; and that the same be payable on the 22d inst. 2. That the di s cretionar g y en p e o ra w l er m s e d e e ti l n e g ga o te f d th to e 7 th th e yearly• DDirectorsr last, t the an special the ha meeting of the 13th February, with reference to the several projected lines of railway therein mentioned, so far as the same remain applicable to existing circumstances, be, and they are, hereby continued and confirmed, with power to the Directors to make or consent to such modifications of the said projects as they may deem proper or expedient. 3. That the Directors be authorised and requested to PUBLIC INCOME AND EXPENDITURE.--BALANCE- SHEET. _ r e_ An Account of the Net Public Income of the 1 Revenue Departments, and of the actual Issue Repayments for Local Works, &c. Tnited Kingdom of Great Britain and Ireland in the year ended the sth day of July, 1845, after abating the Expenditure thereout defra ✓ yed by the several 5 or Payments within the same Period, exclusive of the Sums app lied to the Redem p tion of Funded or paying off Unfunded Debt, and of the Ad v a n ces and Applicable to EXPENDITURE. p --...........,- 7 .----------------. INCOME OR REVENUE. Consolidated Other Public Total. Fund. - Services. 1 X s. d. £ S. d. - Funded Debt.—lnterest and 'Management of the Permanent Debt* 125,595,274 10 4 ORDINARY REVENUE AND RECEIPTS. £ s. d. £ s. d. £ S. d. ' Terminable Annuities 3,997,309 td 0 Customs 18,973,567 0 2 3,000,000 0 0 21,973,567 0 2 Excise 13,351,253 710 ••• ••• 13,351,253 710 Total Charge of the Funded Debt, exclusive of 9,214/. 4s. 6d., the Interest Stamps 7,403,419 1 7 ••• ••• 7,403,419 1 7 on Donations and Bequests. . 29,592,583 18 4 Taxes (Land and Assessed).. Property-tax .5,261.954 611 . . . . 4 5:2 22 6 8 1:9 44 54 1 167 11 30,070,827 1 8 Post Office 70.,000 0 0 ••• ••• 702,000 0 0 Civil List 391,789 13 5 Crown Lands 125,000 0 0 ... ... 125,000 00 , Annuities and Pensions for Civil, Naval, Military, and Judicial Services, Is. and 61. and 4s. in the £on Pensions and Salaries.... 5,179 12 4 ... ... I 5,179 12 4 &c., charged by various Acts of Parliament on the Consolidated Fund.... 549,111 18 8 Small Branches of the Hereditary Revenues of the Crown 12,086 211 ••• ••• i 12,086 211 Salaries and Allowances Surplus Fees of Regulated Public Offices 37,942 11 3 ••• ••• 37,942 11 3 Dipl oma ti c Salaries and Pensions 177,996 3 2 Courts of Justice 50,100,844 0 3 3,000,000 0 0 53,100,844 0 3 Miscellaneous Charges on the Consolidated Fund - 2,732,496 3 9 OTHER RECEIPTS. Army Money from China under the Treaty of August, 1842... 593,072 13 4 ... ... 593,072 13 4 Navy 6,300,807 10 7 Imprest and other Monies Money received from the East India Company Unclaimed Dividends (more than paid) Ditto, South Sea Company ...... 44 010 16 9 "• •" 44.010 16 9 50,995,804 5 4 3,000,000 0 0 53,995,804 5 4 50,524,683 10 9 Excess of Income over Expenditure ••• ... 3,471,120 14 7 , / 153,995,804 5 4 * Aleut.—By an alteration in the period of paying the dividends on certain classes of the late 53,995,804 5 4 Three-and-a-Half (now Three-and-a-Quarter) per Cents., formerly paid In January and July, • , i there are five payments in the said classes in this account. I led or Unfunded Debt in the Year epaymenti on Account of Local E. CARDWELL. take on behalf of this Company solely, or to concur with other parties in taking such steps respecting the pro jected new lines of railway mentioned in their report of this day, as to them shall seem most conducive to the interests of this C4 , mpany, and to make, or concur in making, such application to Parliament, with reference thereto respectively, as shall in their judgment be expe dient. 4. That the Directors be authorised and requested to subscribe on behalf of this Company towards the pro jected central railway terminus near Charing-cross, or to take such other measures with reference thereto, with the object of obtaining for this Company an ade quate share in the use and management of the same, as to them shall seem most advisable. Mr. TITS (the architect) and Mr. CHADWICK spoke to the eAnnate of 1,000,000/. sterling as being amply sufficient for the London-bridge extension. The CHAIRMAN advocated the establishment of a steam-boat company at Portsmouth and Southampton, in connexion with the South-Western Railway. Mr. Tut , : proposed a committee for the purpose of considering the Chairman's suggestions, and reporting accordingly. The resolution was carried unanimously. A committee was also formed for the purpose of con sidering and adopting the best means of founding a fund fur the ben& fit of the workmen and children connected with the railway. Thanks were then voted to the Chairman, and the meeting broke up. LONDON AND MANCHESTER DIRECT INDE PENDENT RAILWAY.—REMINGTON'S LINE: MANCHESTER, FRIDAY MORNlNG.—Yesterday a public meeting of the merchants, manufacturers, tradesmen, and others, inhabitants of Manchester, and the surrounding dis trict, was held in the large room of the Town-hall, King street, to meet a deputation from the London and Manchester Direct Independent Railway. At the time appointed there were about 180 g.ntlemen present, amongst whom we noticed the following :—David Ainsworth, H. Marsden, B. S. Saw ler, barrister ; James Consterdine, James Taylor, M. Norris, Thomas Deane, J. S. Stubbs, Captain Gibson, D. Wadding ton, Mr. Braddock, J. Collier, H. Newberry, Mr. Grundy, Mr. Bingon, Mr. Bowker, Mr. Robinson, Mr. T. Hopkins, Mr. Worley, Mr. Royle, Mr. Roberts, Mr. Ormrod, Mr. Davis, Mr. Hyle, Mr. Winsor, surgeon, &c. The following gentlemen, composing the deputation, were also on the plat form :--The Hun. Colonel Stanhope, G. P. Livius, Esq., Bed ford ; W. King, Esq., London ; Horace Meteyard, Esq., Lon don; John Joseph Keane, Esq., London ; Richard Johnson, E•q., London ; Sir George Stephen, London Sir John Ren nie, engineer ; George Remington, Esq., engineer ; Jere miah Clarke, Esq., London and Macclesfield ; Juhn Burgess, Esq., boroughreeve ; John Holford, Esq., Manchester ; Henry Wardle, Esq., Macclesfield; Robert Hine, Esq., Macclesfield; R. H. Wilson, Esq., Manchester; R. B. B. Cobbett, Esq., Manchester. Mr. John Brooks was called to the chair. The CHAIRMAN, in opening the proceedings, observed that during the summer of last year a deputation of gentlemen from London had called upon him to solicit his support in favour of a direct line of railway between London and Manchester. They brought with them letters of introduction from several of his friends in the metropolis with whom he had been doing business for upwards of thirty years. The introduction was so respectable that he at once put down his name, arid con sented to act as one of the Provisional Committee, and at the same time offered to put down his money for a number of shares. He heard no more of the scheme till the present year, when it was again brought before him. He was always of opi nion that a direct line of railway to London was indispensable, and he believed Sir Robert Peel was of the same opinion, having pledged himself to support it ; and believing it was pro gressing he was very much surprised in a few days after to learn that another scheme of the sarae sort was projected. Under those circumstances he thought the vales of the scheme enhanced, as it appeared of such importance as to ensure a competing company,'. and therefore when they came before Parliament he presumed there could be little or no opposition to the principle of direct communication between Manchester and London. The two Companies might, however, expend much money in useless litigation, and therefore it oc curred to him that they had better amalgamate in promoting the undertaking. He had no doubt upon his mind but that their (Remington's) line was by far the best, but if the other party could make any improvement he was sure they would be liberally met. He had called upon them when in London, and told them this, but they appeared to possess little or no information upon the comparative merits of the two schemes. The scheme, he believed, would be fairly brought before the meeting, and having heard all that the de putation had to say In its favour, it would be for the people of Manchester to give or withhold their support from the resolu tions that would be submitted for their adoption. He would not say more at present, but call on the members of the depu tation to explain the object of their mission. Sir GEORGE STEPHEN, as one of the deputation, complained of the course adopted by Mr. Ashes, the attorney to the com peting line, and then explained the nature of the proceedings of the Committee. Immediately on hearing that an opposi tion line was projected be applied at their office for a plan of their intended line, but could not procure one, nor any infor mation whatever. He was told that in a few days the required information would be afforded, but it was delayed, and, indeed, never yet satisfactorily laid before the public until Remington's line was before the public, and then came out their prospec tuses and plans of the very same line of railway proposed by that gentleman—a proceeding which he (the speaker) consi dered a most convincing proof of the eligibility of the scheme. The engineer they employed was a man of some eminence in his profession, and yet he could not discover a better route than the one laid down by Mr. Remington. When he ( Sir George) was on the point of leaving London he met Mr. Sudlow, a gentleman who took a prominent part in the opposing scheme. He told him that it was unfair in the Company to take advantage of Mr. Remington's survey, and was answered by Mr. Sudlow, that they thought themselves perfectly justified in taking it up, because :sir. Remington had abandoned the project. Surely the gentlemen of Manchester would not allow Mr. Remington to be thus plundered of the fruits of his labours In the advertisement put forth by the opposing line, the names of many gentlemen supporting Mr. Remington were inserted, and letters and other communications had been circulated, denying the right of our publishing names upon our list of subscribers. The day before leaving London he saw a letter in the morning papers, signed by a Mr. Ogle, recalling the names of Messrs. Jones Loyd, as bankers to this line. Nothing could be more unfair than the adoption of such a course. Their connexion with Messrs. Jones Loyd was this. Some time ago he (Sir G. Stephen) called at the bank in London to open an account with them; he saw one of the partners. to whom he commu nicated his object, but was informed that the house at Man chester must first be consulted. In a day or two after he saw Messrs. Jones Loyd and Co., of Manchester, attached to the Company, and believing therefore that they consented through some other parties, he took no further steps in the matter. The project was, he said, objected to on account of the extent of the undertaking ; but that very circumstance he believed to be one of its best recommendations; and he could with con fidence affirm that it was the determination of the Committee to persevere, and at the opening of the next session bring the line before Parliament. They did not come to ask the people of Manchester for money, of that they had already sufficient, and were resolved to prosecute the undertaking ; but in order to secure success, it was necessary to have the influence of the people of Manchester when before Parliament. It wat absurd to object to the line on account of its extensiveness ; on the contrary, that was one of its best recommendations. Parliament had already given direct trunk linPs to Bristol, Exeter, Birmingham, York, and other places, and yet, Manchester, the most extensive town in the kingdom, is still without a direct communication with the metropolis, by which a heavy tax was imposed on the transmission of tA Ullllosaart..g.Tt 1 , 1-i hom,ri dew ikat the i1p110q1.16% ----- line would be so great that they never rould sueeeed, but this was an idle fear. Mr. G. P. !AVMs was the next speaker. Ile observed that there could not be any difference of opinion as to the propriety of a direct line of railway between Manchester and London. That being conceded, the question arose who were the most fitting persons to carry out the scheme. Mr. Remington and Sir John Rennie having been engaged in the undertaking from the year 1836 appeared to him to be best informed as to the hest route of railway. If, how ever, another company have discovered a more direct and easily constructed line, then they were entitled to its advan tages; but up to the time he was addressing the meeting no map or plan of the proposed competing line was laid before the public. True, it was set forth in the prospectus that they would find accommodation to certain towns, but whether by branches or other wise did not appear. In reference to the line of country through which the line was intended to pass, he would say a few words. Meetings had 11,en held in almost every town on the proposed line, and they (the promoters) had received universal support. At all those meetings the greatest unanimity prevailed, and the resolutions adopted were of the most decisive character. He b•lieved it would, when completed, be the most important line is the kingdom, and the Committee had received the must warm support from nearly the whole of the landowners through whose property it was intended to pass. In conc'usion, he begged to inform the meeting that the Directors were resolved to bring the matter before Parliament next session, and leave it to the great tri bunal of the country to decide upon the comparative merits of the two lines. Mr. DAVID WADDING ON, deputy-chairman of the Man chester and Birmingham Company, wi,hed to a•k whether the gentlemen promoting the competing line had had notice of the meeting then holding, that they might be present to hear what had been said of them ? Colonel STANHOPE said that no formal notice had been given. The meeting was yublicly advertised, and he hopes'. Mr. Ashes or some other gentleman was present to discuss the comparative merits of the two lines. Sir Joiix RENNIE said that in the year 1836 Mr. Reming ton consulted him as to the propriety of a direct line to Man chester, and he ( sir John) then gave it as his opinion that it was a most important undertaking, and ought to be carried out. lie had, in corjuncticn %Nob Mr. Remington, received instructions from the Committee to proceed with the survey, and had no doubt but they would be prepared with the whole of the plans and gradients by the 30th of November next. lie or Mr. Remington would b 3 most happy to answer any ques tions that might be put to them. Mr. Jou N BURGESS, boroughreeve of Manchester, proposed the first resolution—" That the feeling of this meeting is strongly in favour of a direct and independent line of railway between London and Manchester, as being the only mode of obtaining the cheapest and shortest route for carrying the large passenger and goods traffic between these two important termini." Mr. R. S. LAWLEIt, editor of the Manchester Courier, supported the resolution. Hitherto, he had taken no part in promoting any railway schemes, but as an inhabitant of Man chester, he considered it his duty to assist in the promotion of direct communication with London. He then read an extract of a speech delivered by Sir R. Peel in favour of short and direct communication between large and important towns. He was of opinion that the whole railway system was a blunder, and would never be complete until direct trunk lines were universally adopted. The question for them to consider was whether they (the people of Manchester) would take from Mr. Remington the merit he justly deserved, and hand it over to a person who had fraudulently taken advantage of his labours and scientific skill. The resolution was then put and carried with one dissentient. Mr. DAVID A iliswoicrii moved the second resolution, and said that hitherto he had taken no active part in the scheme, because he was not satisfied with the line ; but, since the arrival of the deputation in Manchester, he had received such information as convinced him of the merits of the undertaking. He was, therefore, resolved to support the prosecution of a work which was of such importance to the town of Manchester. The only gentleman who had held up his hand against the first resolution was one of the gentlemen who had signed in favour of the line at the same time he (Mr. Ainsworth) signed that document. He concluded by moving —" That this meeting, having heard the full and explicit statements of the acting Committee of Remington's line, and feeling assured of their determination to proceed into Parlia ment in the ensuing session, are of opinion that the said line is the most convenient for the town of Manchester, and the most worthy of its support." Mr. Alderman BURD said that he opposed the resolution be cause he thought it was pledging the people of Manchester to a railway scheme which was not fully undentood. Mr. eOOIZE, of Macclesfield, supported the resolution, and in the course of his speech complained of the want of railway accommodation for that town. Mr. J. P. WESTHEA I), Chairman of the Manchester and Birmingham line, said he felt it to be his duty to offer a few observations, more in the way of explanation than of opposition. It was but that morning that his attention was directed to the meeting, and, therefore, he came unprepared to say much on the subject of a direct railway to London. He might, however, just observe that much distance could not be saved by the proposed line. The old coach road, which was, of course, the nearest that could be well made, was ISG miles, and when the Trent Valley is completed, the distance by railway will be only ISB miles, and by the Churnet Valley the distance would be reduced to IR miles, or five miles less than the coach road, whilst the proposed direct line will, ac cording to the statement of its promoters, be 177 miles. lie did not, therefore, think that the saving of so short a distance justi fied the expenditure required for the making of the proposed line. He would, therefore, caution the people of Manchester against cominc , to a hasty conclusion, by adopting any resolu tion which pledged them to support ,the undertaking then be- fore the meeting. Mr. AIETEYARD, of London, next addressed the meeting, and said that Mr. Westhead appeared to be perfectly ac quainted not only with the meeting, but also with the merits of competing railways, and, therefore, ought not to complain of the shortness of notice. He thought that Mr. Westhead had very much injured his case; for he showed that the opening of the new lines, to which he directed attention, would leave the passengers and traffic to be carried by four companies be tween Manchester and London. Mr. DAVID WADDINGTON said that having seen the adver tisement calling the meeting yesterday, he called on Mr. West head and requested that he would accompany him to the meet ing, that they might give such information as might be required in reference to the lines now in progress, which he hoped they had done. He suggested the propriety of the meeting with holding its decision until the latter end of the year, when the plans would be depcsited with the Board of Trade. Mr. JOHN \ViIVATT supported the establishment of com peting and direct lines, on the ground that the inhabitants of .tlanchester and London would receive at the hands of the railway servants a little more civility than they were accus tomed to. He was so satisfied with the scheme of Mr. Remington that he felt justified in calling oil his fellow-towns men to give it their support. Sir GEORGE STEPHEN thought the town of Manchester was fairly represented by the ISO gentlemen, who constituted the meeting. Mr. NEWBERY, one of the Directors of the Manchester and Birmingham Railway, ➢rotested against the statement made by the last speaker, that the meeting was a fair represenation of the town of Manchester. If Sir George Stephen knew as much of the town of Manchester as he (Mr. Newbery) did, he would not have ventured su -11 an opinion. He did not see any gentlemen on the platform who were known to take an active part in the promotion of railways for the accommodation of the town, except a few gentlemen who simply moved and se conded resolutions without remark. He did think that the Chairman ought to pause before he gave his support to such an undertaking. That gentleman had already lost so much money by the Manchester and Crewe speculation that he Lt all events should pause before lie again embarked in such undertakings. The CHAIRMAN said that, having been personally alluded to, he thought it tight to admit that he had lost large sums of money in a previous scheme ; hut he thought a direct line of railway was necessary for the trade of Manchester, and, there fore, instead of taking up 50 shares, as he originally intended, he wou'd now take 200, it he could get them. The resolution was put and carried with four dissentients. The thanks of the meeting were then voted to the Mayor for granting the use of the room. and also to the Chairman ; after which the meeting separated, having occupied upwards of three hours. CHESTER AND BIRKENHEAD RAILWAY. The adjourned half-yearly general meeting of the share holders in the Chester and Birkenhead Railway was held on Saturday, in the Clarendon Rooms, South John-street, Liver pool, William Jackson, E , q., Chairman of the Board of Di rectors, in the chair. The report stated that the increased traffic had enabled the directors to recommend a dividend of 13s. per 501., and 6s. 6d. per •251. share, and that the same be payable on and after Monday, the 18th August inst. ; but there would have to be a deduction trade of 3s. per share on the new 50/. shares, for interest on the calls unpaid at the period of closing the accounts. The Bill for the exten si.n of the line from Grange-lane to the Birkenhead Docks had received the royal assent, and the rapid advance in the price of property had induced the Directors to7anticipate that assent by purchasing a considerable portion of the land which would be required for the extension ; awl to raise the neces sary capital to complete these purchases it was recom mended that 15,000 new shares, of 201. each, should be created, and that the holders of one 501. and two 251. shares be entitled to one of such new shares at par. The Chair man announced that their disputes with the projected Birken head, Lancashire, and Cheshire Junction Railway had been adjusted, by an arrangement by which the two com panies mutually agreed that 250,000/. worth of capital in the Birkenhead, Lancashire, and Cheshire Junction line should be allotted to the shareholders in the Chester and Birkenhead Railway, and the Manchester line were to be entitled to the same terms as were agreed upon last year between the two companies, the Chester and Birkenhead Company undertaking to amalgamate with no other line. With a view of increasing the accommodation, the Directors had determined upon laying down a new and additional set of rails, but whether upon the broad or narrow gauge they were not at present prepared to say. The report having been unanimously adopted, resolutions in accordance with it, and the statement of the Chairman, were agreed to, the Directors being authorised to make a call of 5/. per share on the new shares about to be issued on the 15th of September, and the meeting terminated with the customary vote of thanks to the chairman. RAILWAY SCHEMES—THE TWO DIRECT MANCHESTER RAILWAYS. (From the Mining Journal.) Among the many schemes, which for the last few months and even now are attracting the public attention, none are so prominent and important as the two com panies, who have started main trunk lines to Manchester. The first was announced officially to the public under the title of " The Direct London and Manchester Rail way," the second assumed that of "The Direct Inde pendent London and Manchester Railway—Remington's Line." A rival line of railway to Manchester, and an opponent, too, or the London and Birmingham, Grand Junction, and other great lines in that direction, needs for its prospects of success, the countenance and support of those who can turn into it some of that immense traffic passing daily between London and Manchester. It i demonstrable, that if there is to be another main trunk to Manchester out of London, it must be a TRADE LINE. This is an opinion, and we are confident that that opinion will be acquiesced in by all who have thought. and are interested in the subject, and is the opinion of the projectors themselves. With the same confidence , way c orn . that we express this opinion, we express a nother, wh ich we hope will be properly weighed by those who em barking in railway projects—viz, that a rail are pany, formed to go from London to Manchester, started for speculation sake, wiafiiih . Passing by some topics which have been introduced to the public, as to these schemes, and most p ro p er ly in tne use by one c om p any o f names f or d—atitroelrii-Y. had been r ece i ve d f rom t h e part i es wtrhodicuhce no na quoted, b e cau,e such matter s , winotit,ect , , are apt to tale , the public (if their gnarl, an d ten d to ruin many a man who legitimattly amt h onest l y emp l oys hi s cap it a l upon the credibility and responsibility of the names advt rtised as the promoters of a scheme, we shall advert, as briefly • as our space allows, to a few circumstances, which should . .cti.'i'i'' .`^~i e~tiwx 64;44 rt44l• 44" , t , 14 ir- N t and importance. No man, who has :Tell the immaose woollen and linen drapery establishments in London acid the large towns, can rail to be struck with the vast quantity of goods which must come out of Manchester, and, if we could bring to the eye the shipments of the Manchester manufactures which are made to all quarters of the globe, the annual commercial operations between London and Nlanchest, r would appear astounding. If, in addition to these, we add the extensive glove and stocking trade of Leicester, which principally pours it self into London, an accumulation of commercial trans actions would be developed which no other part of Eng land could surpass in extent. The three great termini of the new main trunk to Manchester, are .Manchester, Leieest r, and London. We have it on good authority, that icy one large stocking and glove es:abiislow-nt at Leicester, no less th.n 25,000 pairs of gloves are manu factured weekly I The inevitable conclusion is, that if the traffic conse quent upon the transit of goods from Manchester and Leicester to London, or any large portion of it, were thrown into a competing line with the Birmingham and (;rand Jouction, that ctinpeting line, if leginamb carried forward, could not but be successful. The pre sent route to Manchester is circuitous; that to Leicester more so. The qdestion which forces it elf, then, upon us is—which of the two main trunk lines now projected could approach such traffic ? If one be started by the masters of that traffic, who pay for the carriage, and could, if there were two iines, choose which they pleaae —surely the conclusion would be, that must be the one, if any, to succeed. It is plain that Mailing ton's line is not only not supported by the large ware houses and establishments in London, but opposed by them—while it is as palpable that the Direct London and Manchester is the project of the Manchester and Leicester trade, and the addition of " the Trade line " would have been a proper appendago to it. The Direct comes forward with the astounding intimation that " the London promoters only of this line (the Direct London and Manchester), in their ordinary commercial operations, now pay for the carriage of goods a sum equal to 4 per cent. upon the whole capital ; an amount of traffic which will pass upon the Direct line when completed. At the proper time this fact will be proved in Parliament." The names of this Company's committee are a guarantee of the truth of the statements published under its title, and, with regard to the extent of business of its sup porters, those who have been in Watling-street, Wood street, and the neighbourhood, in the morning, when the waggons of our great carriers, Pickford, Chaplin, and Deacon, have been casting their bales of goods from Manchester and Leicester into the extensive warehouses there, can doubt the magnitude of the daily dealings of these firms. While the Direct is announced to the world as started by the wealthy proprietors of such establish. ments, there is not on Remington's acting committee one London tradesman named, engaged in the Manchester or Leicester trade. These facts and reasons induce us to give the preference to the Direct Company, of which Mr. Rastrick is engineer. Our space prevents our going into this matter further to-day, but there are other topics to which we shall have occasion again to advert, in con nexion with the history of the two companies. NAVAL INTELLIGENCE, PORTSMOUTH, AVG 10.—The Fairy, tender to the ro) a 7 yacht, Acting. Master Commander R. W. Roberto, 17aving'completeul the necessary preparations for se , i, left yesterday for Antwerp, to be in attendance upon her Majesty. The Cambrian, 36, Commodore Chads, was paid off yesterday. The Cambrian, considering she is is a new ship, is in a very deplorable condition. Her bowsprit is rotten, mainmast sprung, and her rib timbers in a very unsound state. She will require a most expensive refit before she can again be sent to sea. The Barretto Junior transport, which accompanied the discovery ships Erebus and Terror on their departure from England (under command of Captain Sir John Franklin), having proceeded v, ith them as far as Whale fish Island, Disco, parted company with them on the 12th ult., and passed Spithead 0:1 her way to the Downs on Wednesday. The following is an extract of a letter received from her : " The Downs, August 7. " I hasten to tell you of our arrival, not sorry at having turned our backs upon the frigid zone. We had a boisterous passage:out, though not a long one, rounding Cape Farewell on the 23d and 24th of June, in a heavy gale of wind from the S.E., in lat. 59 10 N., lon. 46 47 W. The discovery ships behaved gloriously ; there was no small sea on, for, high out of the water as we are, we had one of our dead lights stove in. Two days after we entered Davis's Straits the weather became very fine, and we saw the stupendous mountains of West Green land, covered with ice and snow, also three large icebergs, which in a few days thickened on us, but fortunately we had generally leading winds, which enabled us to thread them without danger. We left our excellent and good friends of the discovery ships at Whalefish Island, Disco, on the 12th, all in good health and high spirits as to their future enterprise, full of hope as to their ultimate success. They are famously strong ships, well manned, and impossible to be better officered. We eft them complete in full three years' provisions, stores, and lee!, besides five bullocks, which we killed there for them. Our passage home has been a short one ; the first week we passed in Davis's Straits, in a heavy gale of wind and thick weather right up. We had both the land and the ice to keep clear of; however, we got out untouched. The rest of the passage has been fine for a northern climate. The wind being fair from the N. E., we have come home by the English Channel, instead of as usual north about." THE ARCTIC EXPEDITION.—L9AterS hrtVP be n re• ceived at Woolwich, dated her Majesty's ship Er bus, Whalcfish Hands, Davis's Straits, July 8, 1845, from one of which the following is an extract :—• " We are discharging the transport as quickly as possible, for the season is far advanced and wo are in a great hurry to get up the country ; but we have plenty of time yet, if the weather keeps fine. We calculate on being absent two years and a half at most, unless we get through into the Southern Ocean, when it may be three or four years before we return. We are all well, and lam very happy. We have the best treatment, and one of the best of captains, artd a good set of officers through out. The Barretto Junior, the transport ship, sails the day after to morrow (July 10) on her return. The naives here are civilised, and as shrewd at making a bargain as you or I would be in any transactions at home." The following general order relative to the Arctic ex pedition has been promulgated amongst the officers and men of the American navy : "GENERAL ORDER. " Information has been received at this department that her Britannic Majesty's ships Erebus and Terror are proceeding to make a further attempt for the accomplishment of a north west passage by sea from the Atlantic to the Pacific Ocean. In compliance with the request of the British Government, communicated by her Majesty's Minister at Washington, and to the end that the. Government of the United States may mani fest its interest in the effort to advance the bounds of human knowledge, all officers in the naval service of the United States are hereby authorised and directed to afford every assistance in their power, in case of need, to the commanders of these vessels in promotion of the object of the expedition. " GEORGE BANCROFT. " Naval Department, June 11." . _ . The Helena, 16, Commander Sir C. Ricketts, Bart., was at the Cape of Good Hope on the 20th of June, from a five months' cruize in the Mozetnbique Channel. On the 4th of April her pinnace, w hilst cruizing be tween the port of Mozambique and Cape Delgado, under the command of Lieutenant Chart: s Codriog ton Forsyth, captured, after a short resistance (one wan being severely wounded), an Arab dhow, with eighty three slaves on board, and a crew of fourteen men, armed with spears, ereeses, sword, and double-barrelled guns. The slaves were principally small children, who had been kidnapped at the Portuguese settl,mentsi on the coast by the Moorii, and by them sold to the Arabs, who take them to Muscat. The boat, on her way to rejoin the Helena, unfortunately lost st yen of her best men from a sort of yellow fever. The dhow was such a wretched craft that she was sank soon after her capture, not being in a fit state to send to an English colony, and the slaves put on board the Helena. The Athol troop-ship, Master-Commander Peartie, progresses very favourably in her equipments for sea, and will be ready in a few days. The Neptune, 120, is expected shortly to be commis sioned at this port to supersede the Victory as ordinary guard ship. The Kingfisher, 12, Scourge steam•sloop, and Harms lapin, 16, are all ready for the pendant. The Admiralty would 610 well to commission a ship forthwith at this and the eastern ports to pick up the seamen lately paid off from the Alfred, LO, and Cam brian, 36, at Portsmouth ; and Scout, 16, and Ferret, 10, at the eastward. Jack will soon have spent his money, and be in want of another ship, and the hands thus at liberty are good serviceable men, and worth preserving to the service. PROMOTIONS. Lieutenant—H. 13. Foote, 1842, late commanding the Heroine, to the rank of Commander. Acting Master—J. G. 11. Thain, of the Fairy, royal tender, to the rank of Master. Mates—E. L. Browne, 1836, of the Spiteful steam sloop on the Chinese station ; P. G. Nettleton, 1837, of the Eclair steam-sloop, Acting-Lieutenant on the coast of Africa ; W. E. Shaw, 1837, late of the Electo steam sloop ; and C. I). Fegan, 1837, of the Philomel, surveying vessel on the south-east coast of America—to the rank of Lieutenant. Clerk—J. W. Ozzard, of the Agincourt, to the rank of Purser, and appointed to the Vixen, steam-sloop, vice Harcourt, to the Vestal, vice Gregory, deceased. APPOINTMENTS. Commander—U. F. Gambier, late of the Satellite, to the Sappho, vice Hope, promoted. Lieutenant—W. G. Deane, to the Excellent. Sur. , eons—J. Lardner, to the Tasmania, convict ship ; Carmichael, 1.11. D., to the Samuel Itoddington,. convict ship. Mate—W. A. R. Lee, to the Seaflower. Assistant-Surgeons—J. Y. Lawrence, to the Victory ; R. Galvin, to the Nautilus. Second Mate—R. IV. Roberts, of the Victoria and Albert, to be A c ting-3laster commanding of the Fairy, tender, vice Thain, promoted. Midshipman—E. W. Shaw, to the Rodney. Clerk in Charge—H. NV. Rowlstone, to the Volcano. COAST-GUARD. Removal—Lieutenant John 11111 (b), from Torcross to Flamborough- head station. vice Lieutenant J. O'Reilly (a), removed. AIARRIAGE IN HIGH LIFE.—The marriage of Lord Augustus Loftus, fourth son of the Marquis and Marchioness Of Ely, with Miss Emma Greville, eldest daughter of Captain Greville, and cousin of the Countess of March, was solemnised on Saturday, in the parish church of Fulham, in the presence of a select circle of the friends of both families. Alter the ceremony the happy pair proceeded to Lansdale House, the residence of Lady Shelley (her ladyship's aunt), where a sumptuous dejeuner was given in celebration of the stmt. Early in the afternoon the happy pair left Fulham for Flitch ford House, the seat of Lord Francis Egerton, near Windsor,. IMPROVEMENTS IN HIDE PAIIK.—On Saturday the erection of the new iron gates at the Albert-gate trance into Hyde-park; from Knightsbridge was completed, ATZ`a very handsome addition they make to the already great improve— ments effected at that point. The gat. s, which consist of tw• openings for carriages and two fur pedestrians, form a band— sk,rne screen across the road, are affixed to buttresses on eaels side, each buttress being surmounted by the figure of a stag, and are lighted by six large gat lamps. -- ~...~ fb ° Ml' 90 'O 4 41, ,rig gt 1% 10 , tits ice P! otv du' , g n 0 10 "ill 1 ,, to