The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1872-11-05 00:00:00

FROPOIBID IX lINSION OF TEE BBIDPOBT

RAILWAY.

A numerosale attended misting of the shareholders
of this Bridport Railway Company was held oa Wednes-
day afternoon at Bridport, to ooriaider the expedieney
of extending the lin to the Zest bridge, and • pro.
pooal for a lathersl tramway from AMotebury. Kr.
Sentridge prodded. It was said • large shareholder
objethed to the mused tram, and that dropped out of
coosideratioe. tdr. H. A. Templer led the op-
position to the extends' 'sheen ea the pert
of lbo original shareholders, and it very soon
became evident meet of them preeeet were
opened to the 'theme. The idea originated from an
effort being made to improve the prima& lumina; by
avoiding dragging in ever; train by a bons. It was
found the exposes woald Is altogether out of propor-
tion to the beimilt, and Mesa Guns into premiums", an
old dream of cateradleg the station to the Itsis
The Great Welders Cocapeay gave the servirdra
Surveyor and Sagineer, and it was estimated the wet
would be £7,000 exclusive of land. But of that £1,400
would be got for seateetale that could be used In the
works having £5,600. Add £2,700 for land, making a
total of £8,300. The estimated return is ars 8a 61,
or 64 per mat, on Use oetlay. In reply to Mr. Templer,
the esoretary (Mr. N. M. Loggia) said at present this
oompany is eredited with 94 miles of Wm by the Great
Western; end the proposed extension bolas over half
• mile, they would be able to obargelies adialbstair.
Mr. Nodal as the holder of £lOOO originsletsek
to the oreatioa of new prefereine shares asdant=
' the original subscribers. Mr. J. T. Stephens thought
Um present not tintless for extension aa the broad gauge
Is being replaced by the narrow, and it was understood
the East &menet nod Weymouth trams would he
altered within a °couple of years. Mr. Templer considered
thin a question for the original shareholders, and that It
would be bed tests of the pretension shareholdere to
swamp than an the subject, became width az teethes would
Increase the preform's security it would deproolate the
original shun Mr. Loggia said the preferenee and
original shereholden had en equal right to vote. Mr.
Templer said in Use estimate £196 wm named
as • saving on the outsee, but it themed to him
that wenn go into the pockets a the roaoutootaroro
and other*, and not to the oompany. Kr. Loin
explained that the Ono:teeny would got the money ;
It would lulu from Mr. Lamb charging 91. a ton lees for
cortege while the mannfeeturen and others would pay
just the same sa now. Mr. Templer inestioned
whether the old materials would prove of the vales of
£1,400, and thought they should add to the whole mtl-
nott.ci cost 10 or 20; per cent. As to revenue tiny had sow
£2,650, and debeaur• and professors, shares absorbed
£3,197, leaving £453 for interest on the £65,000 of
original stook subsection in 1858-9, or 13s. 94. per Gent.,
with £6 2a 61. to carry to unmet. At the present
rate of relent, the proposed extestion wroth give •
✓eruns of 022 to pay interest on say the £lO,OOO the
intension would sod U. thought the etheine pre-
judleiel to the interests of the aompeay, and of &dean.
sage only to the Great Western, who had always had
the best of them, sad for the peat 15 years had been
patting mossy into their postete at the expense of the
aluzeitoklers of this company. He thought the exten-
sion would be saioidaL —The Otiainaen said if the
extension were made they did not lathed putting it
Into the hoods of the Great Western Complay.
Templer said the Greet Waggon would get 524 per
that of the receipts for working, and would by that
wane more than recoup the expenses of the survey in
ism then three meetha—la reply to questions, Mr.
Leggin said the exteasioa shareholders would benefit
by the whole line ; and If after paying 5 percent. or
whatever they borrowed the mosey at to the extensloa
subscribers, that pan of the line gave • surplus of 14
as estimated, the general body would have the basset
of it. Several sheathed deferring the extessima, Mr.
T. H. Idsneade wine they bad heeler leave it till they
bad got their heads out of the Boa's (G. W.) mouth.
1 —MAJar Toth_Pier proposed. and t H. adman&
impood•d—'. haring regard to the &alienated
progress of the escrow gang* sydem of railways In the
west of Seethed, whisk might be interfered with by
any further extension of the broad gauge system by
the Bridport BaUway ()employ in any dinettes, the
present hiscisi politico of the Bridport Railway
Compeer, and the soft distant termination of the Great
Weston leami, this otooting is of opinion that it is
prejedisial to the Waren' of the Brkport Company,
ead Is at present imiuclodient to sandier' an extension
to the last Bridge. 96 voted for the motion and none
against ik—lt wm therefore carried, and the meeting