The Express.
London, England, 1852-08-13 00:00:00

COVENTRY RACES-TRuzumy._

Pismo Tor HANDICAP of S was. each sad 20 added.
Threirciaartare of a lads.
Ur. I.v.ter's Pram', 3 yr., Sit
Ms. land's Greek. Syr', act 'lb
Ur. H. Merle's Mors Ni'lror, 4 rm., rot
Cita &raise of 6 50,.. each sad 30 Wild, kr 2-yr-olds ;
she Bat 71b, allies eat 311) ; winaen sates, to Eva far-
li
(4 by wl
liant•• by Velaslpeds oat of 1
Mr. U. OreiriVe Ma Ball

Utt.Wit no Abbess
Clewira HANDIcAr 015 NM ea* sad 100 added. OM
ads mid a quarter. (12 subs.)
Nu
15rlarts ad klaiaphrey, tire, 7st Ilb I
▪ Motors Ibis, S pa, 11
lb. Limall • Kagibt gf the 111116, Tr% IS Ilb
BILLINO STASSa M 3 PIM Ma sad 30 added, 3-yr-olds,
Ta lUib, four, bet 121 b, Ave, Out 31b, Ms sad aged, 9st Gib,
,me mile, went yea by Stratagem, besting Paper Kite
md Thunderbolt.
11,121.1 STAISAI Of 3 62,1. mob sad 10 added, are rails
Mil a half, over four hurdles, wm was by Voir* beating
Ds Dos Jetta Mit sad Pay. your-deba.

READING RACES.—TauuDAT.
141toicor ?km of 20i.

Mr.
St. 4 144. iriiii .....(omasy 1
Ilo.ltraireo May 3 yrs. 751 * mt.. ,
~..,....r.(11.16164, yrs. eft 36 4
II la 4 mot Hambilooolos. 6to 2 ordwot litstasi 4
tot apt Lady loabeL Woe by a oath.
'WADING STAKES, of 16 OTO. wish, 6R, with 60 rib*
is. 2.7 r old.; colts, the 710. Oise, Oat M. Wiasoro sutra.
16,114-saiht.
tad !Loom% P.. Omsk ......_._...._....»».. (Ifldlobsese
Mc 11.:•9,* . ......_.»..._._.......(W. ANA.
fir. nomt realer= ...-..... (A. Day
St. C.
It WuL woof* Illobeolmoo M0a................. (C=
tioro Tows Welt
Incur au' STAMM, 0110 10.11. Nei, It It, sad only 2
64,11•re0, he. To Nit at the T.Y.C., sod go woos rim&
(11 robs. 8 of whose doc6rod ft).
St. I. Coro Wanda& 4r+toeb .. ... - -..—.... w. a
Darimium buss M 6 move seek, 2 6, Id* 26 added.
Oftegist ruik ie.
WM. IbimpooN Meld Iowa; 3 yro. est IN
wmormitt,
et. lissons ILlkame. 4 mi. ott ..IN
..... ._.
M. • ammo f Zyti
.malls -43May..14pr0. roil ...(omrloy
ft Whom% WIN. llot 46 ..... =
W. 164 wee 044666. •7m Ili 68 •-• ita"
lb. threes atomised. 4 yrs, 74t
41. warm. Awies., i y., se low GNI
lc Amens% f by Dalee of tho MN* I ma ea 7
Aims
N. sarroo's ledy Nen, 3 yrs. id ftb les
tanallwaoro etwoilda. 4 yrs. sot
rno Dwells 44 3 son. •••th, with 30(oils& ,
ow* tho_Lio mom of • =Bo.
Rja=lllrdriltntife• ..iiikhointo I:
oto•sqllie•M;yre. 7st Jib
se. assise• moo ••••• 781041
ir. worm ite 4 ms. ea 46 0612 I
W. AMIN Deafasod. yra fel II lb NU 1
N. Waft Arts. 4 yrs. 4os IN (sorrtod Ile I
(bream 4 dr
N. poor'. Itophsaw, 4re The as ... ...(Niale) II dr.
Eels twat woe moily.
BETTINO ON THE COURSE.

liIVAT UM lANDICAP (TOM.
I I, I art Wrottorroll4 (tle
julaii4 to I 440 1144,44(44 'I)
M I Haricot it) IS to I Mani Med (t)
4 SEAT TO RI NMI&
114 + 4414 Stsakwell It) I 4is I apt qtr (t)
Q. MILL
4
Ibl MK 814.11m1l (t) 4 44 I sot Oriel 011sork•
b 1 lhoption (I) I (I to lAN )

Tuttamort or 1881.—The folio legal gm-
diem twee undertakes tior bed abet pub-
is or Private, 41 the =odds. Ornedlleabolk, ad Jima weft
dog fo be presented to the exhibit am soil Milianlitar
hears Comolosioemsro .• Asgaggsg, awiatureggaw.
yell, Banuley, Bardadpig, /Mar Babiltr
Megley (York), HoltowßildLon.onliwO. ligagliml (UM,
Bridgewater, Bridport,
Olearray.. 17, Carhate, Caraentkilig=liekilligt=
.I.l9tharis, Cockenwouth, Ceek. emery, CrOWILSISO:
Ilissoes, bevonpart, Doweatiter. D., d... bees., Deb-
ra. bonfire, Ihnifenoline, Dasisek DanelMier Durham,
Lour, Karauuth, Falkirk, Ferny 0 Clidagew,
Otineembur), Oluueester, Oroasoek, . Ha-
llam /lemmas, Hereford, Hertford, Hiel, nat-
V. Ish of Man (Domini), Ws @LIP 41i" t
ane), Jersey, Kasilall, iLikwaraesk,
rabarough, Leek, Lose, loilwatar, LAMM, lasi-
ma . Ltakeswi, Lubin, Maaelwillell, Madan" Kindialeas,
revo, maribmoker, Marlow (Groat), Nowak New-
IN% &were Ir (Staffordshire). Newport (1111osmalbehirs),
&damitw, Oatonl, Penaince, Plrmouth, Peek
_Mower
wer, kotford (Haw) Itsehmeredaid6Maiiiwm.l
..._
_ewes Wal.lrn, Selby, Neikirk,,Shrness 8
'''. Midi, Mpal,lini, Mt. Albans, Stirling, Stowebeerk
Inene, Mtourhrifig. , Stroud, Totowa, Truro, T
. Vega, W4koirkl, Wallingford, Worebak 48=
1n1,...1try, Wigan, Wnrksworth, Wither* Wolgerkendew•
flor. W4rkinntoo, Yeovil, City of Landow, UMW Hof
c .... Woulwich.

RAILWAY MEETINGS.
I
---
GREAT WESTERN RAILWAY.
The thirty-fourth half-yearly general meeting of
the proprietors of this railway was held at the station. at
Bristol, yesterday ; D. RI/WILL, Esq., the Chairman of the
Beard of Directors, in the chair.
?tie CH•IIIII•N rid—Gentlemen, the secounts, which
fumbles is your loads for some days, exhibit, I hope, a
satisfactory slew of oar financial position sad prospects.
Yes will observe that the treJli• costissee steadily to is-
mere, Although in the last year the Exhibition weapon
is the smiths of May mad Jane, our resepes in the first half
WI the present year equalled, Lid indeed rather exceeded,
these of the fiat half of the last year. Oar receipts since
the 30th Jose of the present Italtyear have been very seq.-
beteg. It we nut to be expected that oar reeeipts should
this year be es large as they were et this time last year,
whoa the Exhibition 1111111 at its greatest height, and re-
wive( the largest stamber of visitors; bat on corn-
LatrtiZ :111rthe.." ipt toes
of* t theh fr et. it" 4ingin weeks year, thatwe
have sew eared, exceed these of the etereepoodleg six
violet's( 1801.9), upward. or ::..^^" ...:•:.4 i:-.., to us an
average weedy increase between these two periods of
2,400‘. a-week. The increase of the let week sloe, as
',capered with the correanon ling week of 1860, is no less
than 3,800 i., On our expenditar• there has been some in.
"ream ale, chiefly Ia 'Rattan of repairs of engines and
carriages, sad ea steiatenance of way, occasioned, ea might
have been expeoted, by the unusual strain which we thrown
Lit year upon them. The dividend which we recommended
on the present pease* Yet the rate of four per cent. I trust
that I shall not be obliged to detain you long on the subject
of your relations with other companies, though some of them
are eis important that it would be impossible fur me to pass
over thus altogether in silence. I would first direct your
suestieet to your western districts, in which the Br stol
=tirhew natarally a peculiar interest. la our re-
e Meth of Vibram we stated that we had mace
Wog
with some gentlemen at Weymouth and in
districts for the completes of the line
to Weymouth. Thom pelmet formed
into a committee, and have daring the last sea.
*ma gm/Lament obtained ea act of Seorporatios. Lit-
Maly. \weer, it appears there has bees some doubt
whoring they will be able to raise as mach capital so will be
requiesi fur their pewee. There can be no doubt that
the Ili to be and must be finished. Yes kayo already
• considelable sum of money apes it; the amount
that remise to be ezpreded is proporately small, and
the line is imported to you, both for the sake of seemity,
sad I think of profit. Year directors have hod this subject
seder their serious eessideratios, and they have bees in
onessaicatios also with the directors of the Bristol
and Exeter Oomph with repot to a line extending bean
our own lino, am Cr, to the line of the Bristol and
Exeter Conroy near Ewer. We always formaw that
suet a line would be seemery to the interests of both our
eompasier, saki with lii hit liss bees merely a question of
time when that Ilse 9111111111&b• main Oa the ooe hand, we
have been extremely ileifileme le Pohl all expeditors upon
sew weeks that e aM psuelbly be avoided ; but, on the
other hind. the peeve of rive companies, renewed as the y
are thie_yearos yes will perceive in the report of the
South Women Otypesy, only this day published; the
bills which WON beetcht into parliament last year, and
tailt4 threes% hip ; the demand for local aocommodatiorn
thr,migient she obis of these districts ; the opiates ef
cat Way saes et the blubeet sethority is the country that
smelt a Mae mum be made ter the purposes of setissal dr
fees, and that the with& of the govereasest ilmeail keen
into the scale of that esseysewhe abed* be lblepoweal
lo make it. All these waned us he bus Ile ekes,
tad we tease, thoionne. yes wiling se power is eon-
set with the Bristol sad Easter Oanaposy we edam« em
we may *Lek most prudent mad meet *lids= to protect
our owa India, and rpre eat that trellis erblelt suss hitherto
=4 ewer the and muter Hu wail though Mb
of l to ear. hoe ben• being direslsi liven
timings ma Man isle Mbar lamb. WUA empett to mer
likrewebory alliance we ere is se degree dielseeeelemi by
the swum of the lest sondes. If we dlit me Aeon ell that
we esposteil aoil ell that we bei • right ea pm% eau
iapeelsut mean, lam bus sometaMoi and moo very
✓ ante peinelaise ootabliehed In the Bee from Word
M theawe. there were two whit li regain&
Is be Sled up. The one ea i sheet thew masa
betimes Psuetfisid and Wolverhampton. mil the *thee a
dart interval betimes thoWelverhaapma end the illoola
nay a.1”1 BOunpmat law ; sad the Moe sow

abitadtiatiothe lees& tare to apply them links bear the most
amprod a their amiss that tide also( railway
searookattes nor ha sada warass, rid that it mast
Ise =arta at the led preen s* time. The hills brought
lay We ildWoltive esslasks to glee pedienessey moo
ties to war Mae areerpreate mad to war eragerodea
=I Maw, widest see (breadsst wise is the
of Gamer ; and boy were net Mena% by say art
ef the le bu by t a /Mare to with the
Illserne ardor&bsire aria very grader
Mies that time the eraket hie ion mat Nally earblered,
sad is mach better iameeed. The aessesity of a snood
line from 0 deed to the Money is inersasiagly ad-
mitted. TM hot sager to whisk I shall cell
your Oradea, hat the me which is perhaps
of the rest pinamoant impeetaam, is the proposal
whisk has bur sob to as by the London sod
Shah y for the isoalgaraasioa of rose
Lirseryisks (Rear, hear.) 8o Meerut did we
bat prepaid. rat w• area it dm to yea to war
kith b par amidentra without the loss of one momeat
yon 111. deorseire diot the answer which w•
gem to dr lwadaa Nara Warr Company is dated
only do IW
_beam yetereiwy. I. that WWI!, we haws
z•ats•viiiimi wadi yew (Moron hue formed ups
Ave the ..sew easeful end amiss denser
Wa. tine
f*rr was hatsacete er , whisk
IMO Shalt tho Leaks ad Wdecamp*,
ha Am ea talsorakar party, I irrediady rid that
asemory woad he boggy le entertain sad
_ls she the
Met asaleselba to trescesel whisk the Lambs and
fi erthWeetees Mayes, Wok it olght Is robe, with
Wis sad olodldra art Imola asse dear en-
segemstiosillb the Ibrewtbriry Oempany, sod that k suit
set bark wroyeallies ham pollserat with ramose to
oar Mms= I ori to Ihropebobla tbroughont the whole
▪ the ail as dot boa sham mord we hays
y alma. If satiably's* amid he bared to
21:11 obeyer
a be Labs end Nina Velem Csie-
My, sod Is dig that It would be win to dhow as err
OW/ alM•lianidell of than two gnat reepaatir art to silly
be the prised= of the perks burst aa arab restrie.
Was and ralride, I be one should mil sash ea mai-
dens okra law yablie poi* of the sersley, r rest
abssleases boa is the railway's(' the patio (Cheer)
Sat what read /Semis hare we to easel wt the legisla-
tor eta or MI dot bask $ drags is the poi* a
whisk bey km a bouts* sod so sadroly semi ; mad
If, swiss tho dad's= of the laidars es ow* to
M Mak of dem of tat pods Is fir
Oh segolisdes. whisk we soo ilia to oarierli=
1111, k hares rto maids, well what will ho he effect
lass sr Was& It Sorry alit ISSI prodesse to
base* at the aegetiallea abarrpolelks Oa it will
km
owl to soodbo lee thee all gess%
km Its amuses. We se at U. other dal et the
bsad aralor how we ski owls.. have IMO
y sobldet_f spa this aspeledes, ass the buds
lry the Larks ead Neva Wader Ossarty,
es-▪ 7.7.-ebeid is the aro Foal& reral% it *sad fail.
AS it is to this Sow of the grids that I ea yeedosierly

amiss' to all the ollottleo if the preyekleek the low
des est North Wailes Ompeey, la their peeped was,
=9"Nee the emegineete dbeth ampolles. their Oillk
ause. ulth the Nftewebery Ompedwo • be
eland ups the .seem buy a Wok the fAtiewebery
=hem AO "was their ewe deaden bawl% the tee
rugged us don. awl that the IN fee
whisk...LlNZ= dolt shoold premed shaellesattewaly
with the fee the aseelpwalfee. New he ors ask what
wiesemote haw the Lsedss awl North Wagons Cam-
' pay Wilt the Ninwebery llewerey. sod wise what eh-
weetalweele tearect= hewed. The-aelyemppewt dud
hw bow welts le the wee the w mdelty the las-
doe had North 'slew Clowpity with nose abershaleas
W the ilbrewebeey mod IllowhybenOempay la the newlh
et Neg. NIL WM idol ape the alweemeleoese ef the
eaggewiet ? Is the Ihelore le Medi hew.
Wow' NW the
Shrewsbury atipl.l=Bllllll3 CIN1.1•1111.1111=1.11ards
with as he the Isesollleg lam. It was
set aweoled ad wipollwed by the wolliested
aathoilies ef the aswasew. hat by a bedy of the "haw
loakkea, who bed easeed theilleetew ef disk hwellek, ead
bad Whim epee the malwe ibe ef eigetlellok we
waled e e emellows rabic maim at width Me 'heir
sea elle 'wpm "mewl awl hid the thrwheldere.
eL *Wee the but hid alai% *et eellag wee
sod be weld we ea thee sees takeet
the (ha, and
it was tested ow by the morwo awl of the asaraw, but
by • seal that WM fabricated end token .at el .aweya=
fur the 0110111‘011. la the et the day burrs
I we that sees W the Sbnwsbery and Cher
ter Camp :lbw* wpm/ es t with the L'odiga

leader those eircemetansee, that me illierelitsll•4l
enforce our agreements in a Cent et what wield
be the answer which might be fairly OD 8111 " Mgr
gentlemen, you have waived the ellelliMent, you hare
allowed it to be superseded by an militt mead
be more to your interest with the mid North-
Western Company." Or, sewn Made es they
are now, and we should ham to le litett byeeeefr
to obtain their sanction for the aliases, wants
will be our parliatneutary ere f How sea we affirm the
same grounds fur a wpm*, line from Oxford to Hindus-
ham when we have eared to as amalgamation
with' the London and a okra. Ceompasy. whisk
completely destroys the KIM t NOW. Use soy
one of these grounds, es ef the Ss thessesti Sher results
which may ensue front the heels es Zish the Lesdee and
North Western Comezapeepetie the ethelessation
should be effect* d take place whet bseethes of
your Shrewsbury idilmee whisk
pates have 6magiliki with
the expenditure of se mush es eskpeelevarithall ? sod
bow could you twit he Sam
_Mg
_ether eeis.rssele
which traMis from the sera elseeildi he bought ewer row
Dimity/Imm sad Welverheroptes liser which yea ham
formed by the exneediture of p web meg ? Now, let
err mm t:imu ioerstorsti, sod let it he sot for OW Mani
supposed that wears needing the embalm of the Leaden
and North Western Compaay be pate. There is solids. we
, more earnestly desire than poneik sod we have evinced that
desire by making to them a entater prepeni, which we be-
lieve is perfectly equitable, perfectly reciprocal, sad more
practicable than the arrangement of the London and North
%Vestern Company. I trust that in the letter which wee
written under the direction of the board, or in any observa-
tions which I have made today, that I havo net uttered
one singe word to irritate or offend anybody. 1 bane
n ercly stated to you the arguments and the facts as they
occur to our minds. We are most sincerely desirous fur
peace, if peace can be accomplished upon safe, just, and
equitable terms. (Cheers.) I trust that this negotiation will
pvceed.l am induced to hope and believe that it will proceed
and I assure you that no unreasonable requirements on our
parts shall obstruct it. We will make to ourselves ens law,
and one law only, net to do anything which could have the
effect or retarding or preventing an arnica! arra, gement,
between the two companies, but what we deliberately
believe is imperatively required by the obligations into
which we have previously entered, and which is essential to
maintain the credit and to protect the interests of you, the
proprietors of the Orem Western Railway. (Cheers)
The altalirriLAY then read the report.
" The receipts ,for revenue aceount dories the two itor•
responding periods of 1851 and 1862 have bees ei seedy
the Same in amount, as to require very little
from year directors. The seems of pammager =11:-
sinned by the Exhibition of lest year. dudes the weeds sf
May sad June, has bees eempeesthei fat Wes meal es.
owe received from the erdiseey en reheadiee sulk daring
the present year. The total expenditure of the half-mar is
10,0001. more than in 1851, and omelets of increased cost of
IT pairs of carriages sod waggons, of etaisteaass of way,
and locomotive expenditure. The first item ney be justly
ascribed to the ordinary effects of employing a (teeter number
of carriages fur the traffic during theßabibstim of 1851,w hie It
required subsequent repairs and ft sewaL The maintenance
of way nompriste that of 24 mike ef the Word and
Rugby Railway, which has bees sew epee fee see* than a
year,:whieh expense due the femme ponso, pert
of the contract for the ematmetio• of that Nee but has
sines become a charge on the revenue. The Ineireased ex-
penditure in the losoes..tive depansest estimeere heavier
rcoairs of esgieee, Ike., arimies hem the one same as that
which oeseaksed additional swelege repass, and is farther
to be weseasmi the ileashierable homes, is the num-
ber amiss Invalid& with needs train% setwitistesdies
that the massed east of the this duelist the balfiers bee
dinsialehed the expose seise that heed. Ia the mewed
reviews messat it will he head that the ' new midis lied
addition to limes opened ' he.. lammed to the West et
3,4001.—the test of the Oiesseseer sad Dean or Re&
way has added ee the silage 6.7181.—and the sea pad ler
hes intense's kaae. tad Seed divides& fee 4i per cent. sock,
ensedied ikes ef the eenespesilleg pertod by 16,2004.
These wend Mmie@ asesset Is the e for the
diathesis* et the estsismithe Palthl.a.k!
dividend a 4 pee wet. per swim ea the rateable
which the direct/As reeeemead, a WNW will remain
72,7791. te. lid. to be awned ferward te the meat half-year,
in coesseriers with the Ma et 40,9401. Ile. U. which wee
left et the esensessiles is 1851. The company have
been saideeled disadvastage is the interest
sereant, &en the mesa{ seempleyed *spited defies
tist last lisiii:yeer4se. • rides et whith they have only him

stile to ebb& ai eslsatiulwteti whilst the
we
this. they hew loss anyiag M the anodic of digital.
as will be MOM by Malests, upwaseissill,7ool. washed
for divides& *es M /ma Wake amines* Dews Rek•
way shwa% tr adiestka of the Irma Awl
Me
emethe ad it at
"slow
esswiesed is coaihnety with the perstsfeas of die obi.
The receipts of the tonal slew the le July, 1841—whos
it was 'grind to purchase it-6ave defrayed all its siren,
bee Lae paying the stipulated dividend of 6s. per thaw &
in pawl sad there is every reason to hope that Ile!
IMrb for extending the weaker of that
L whenili worked in unison with the railway, will IMO
to .11 parties iaterestecl the &demitasse as well as the pie.
dew sethetearaitgeau at. la like masa; the
tes weld* the Hereford, Rawiedilissaisier sea
the Wyeombe Railway havelissailie mike
rity bee been given for the
eppdpkeett of a eamoslle
tee with the Shrewsbury iT Mosdhed. Grassy, foe WO
semesieweerit of throes k mak pries to ad frees their'
walwer. During the in sissies yew &ream promo&
=sit extendimg the tins kg belie lois es the
sad °deed. sad =ram Wriest&
Ws and Dailey, awl
Railways, as wed w de wally a sherleligto-
Iles boa beyond Wol to waits with
M Shrewsbury and Bar Railway. The
womenv with a aowly-laeseed owaray kr tabbies
the railway between hoes sal Werassles sod sigehley
it to sowiezioa with dee broody*, wake,
_was Willed by
padiameat, but a dame was istrorriflidused Me re agile
ilmer
at of both rfte *SI 111.11111111110
ode the NI an= eapital shall haw be..
* the mew osprey teak three mouths bin the sold
sweat to theirL That mat, it will besene asimany
for this ociaray to mew& with the werspletios of thaw
works, is order to reds' the largo espeadituee bared
% e` an the kris purehased spas the whale lies
Win* wallway through those tibtelela,
duo reps* hod to the palest alms et anemia&
iag tho resit Oa very nisi sae, add real* aged
for it vim tilisstarems Wm. his roper to mates
elesteatillasve web to We were of law, bad
aPi ke writsof wowister arise de ear
yeah is the wowistios weals Mee a
maw* prikeed by paillasse, • is the yeses
111441 11/11, let It would be *piper al peasest, '
to way grin es the resale Kassel
The fteellies ere Mosel* their hew atisalia tottl
jestediateree le die inks sad will take the 01111111 whisk
=wit best de the interests of the replete's The
is tho West of Ragland, betimes the Wats, ilinee.
ruseWeraosik wed We Bristol te
a. Reeler Lawler,
w ospoweided with railway wmadaties, sad
the best node efeeserstitgebe beeedyisip gram Ist that
gimlet law reached the -Ise asideralles eryou am.
Ism They are is frigidly esweissiestise win the dine-
s= of the Bristol eel La* neer* es tne '
LIMON, sad it hoe bola list the two sesprialse
theedd oFjte Is eserwellsc Inewtias of a Use draw

the part of the corpus, to redeem ft at par dries the tol-
erate rare. arm giving on. year's previous notice
feillopeilin. TM sum so agreed fur is about
I mass. ASSN& m the ordinary stock of the company
beams sielle is Ihe market above par, it was the opinion
Otis beard PM they would as laver be justified in con-
senisalsoug. sit pr. • proforma@ Meek bearing the same
Mei Mellemloelieng stehrieeenening it into rateable
Met during • ism peeled el time aad having amply pro-
vided Ise el present andprebehisrogalremenu for
some menthes the diners§ keer dbeestinued for the present
any ism praismil Meek beyond the specified amounts.
Codes sash immerses% they Mak it will he root con-
dodge to the istemb of the eempery to empower the di-
mwit to mime the interest and vary say or all of the con-
ed the sabred stook, as they may from inn to
time dielereler The Birmingham and Oohed Railway
will be menpieli Is September, and spored ir treat with
the Mei poosllieriday after impedes by the gmernment
Misr empowered re report epee Mee Wiry of die line for
pui Mae. The liorerard, Rem and Olmeorster
g Clermany are remedies timidly with the construction
of their works; and every Obit Is making by the Bir-
mitgbam, Wolverhampton. red Valley Railway Company
to ameiste Mi. osamikais it. the ono.••••
seer. The memude of espitil andrevenue, which have
bees duly endited sad circulated among the proprietors,
will be Minis& to tide report. It will be necessary to pro-
vide fur the milt et the Routh Wales traffic accounts, by
the special spereismom of ere of your auditors authorised
to audit them malady with one of the garb Wales
auditors.—Coulters Rtissinc, Chairman."
A motion was then pat and agreed to, that the correspon-
dence be token es road.
The CH AIRMAN then mimed that the report be re-
ceived and adopted.
After a lengthy discussion, the resolution for the adop-
tion of the report was pat and tarried, r was also a re-
solatioa declaring a dividend at the rate of 4 per cent. per
&MU&

TM CHAIRMAN then moved the re-appointment of
Mr. John Dickenson and Mr Richard Atkinson, no audi•
toes; Mr. Atkinson also to audit the South Wales Railway
amounts, in conjunction with an auditor appointed by that
company.

TM CHAIRMAN next moved: That the directors be,
and they ere hereby, empowered to take such steps u they
may doom vory fur completing the works between
Frome sod Weymouth, in the event of the Frome, Yeovil,
tad Weymouth Oompany failing to proceed under the
*lett of their me; and that the directors be further em-
=erto promote in parliament a line of railway on the
gauge, either separately or jointly with parties, be-
tween the Wilts, Somerset, and Weymouth Railway, and
Me &Mei and Exeter Railway. and to take all proper
meleures to accomplish the same."
Allow a brief discussion, an alteration was made in
the resolution, limiting the power of the directors to take
" ?Ft minary I;ltAul•irei." then4amd oivnetdbis
form
torrthmising
the directors to reduce and vary the terms upon which they
may issue so much of the 3,400,0001. of the axed four•and-
e-half per cent. stock as has not yet been taken.—Carried.
' Votes of thanks were also given to the chairman and the
secretary respectively, and the meeting then separated.

The following is a copy of the correspondence referred
to :
LONDON AND NORTH wirsradw RAILWAY.
" Seavtary's Moe, Easton Station, London,
"My dear 5ir,—U1.442:54, 1852.
st the Great Western
begird agree with the Lewin Nardi Waders in think-
ing that the interests of the yob& owl of both bodice of
sharobsiders alike, s ben rightly souldseed, immentively
call dm mutual co-operation between the two aspanies,
and he • essestica of the eerily sod broserki strife which
bar ealtemitelMidistrestml the sthodlea of the two
boards, she INS then thimble results can
only be attained by as absolthe othelgenstios of the ander-
taklngs I bite Oh day bees owthorited by say booed (ens-
airmail) to pesMes le the Oath Withers seek =alga-
des on the the* ow*
" The Atheigethation BA Os soltied by sosserl, mo-
th* egoist ea) to be ithwaseth lass parliament neat
ands% rad. is setidesties thereof, to be forthwith sub-
mitted to atostiogs of the two thotpudes, under the
Wharosillls order of the Howie of Lords, and snob arrange-
ments to be mei between tb• two boucle, with • view to
the *Weis* of the bill, mid with • view to the convenience
of the p•blio cad the modest of the tradlo in the meantime,
as a Jeist • to be at ogee -4 by the two

immiattes ____—
bosideisay Wok It, any dilemmas rat" in sash
essamlttes (the numbers Wog equal) settled by 6=‘;'
arbitratMa.
"2. All the existing prolimmos sad axed charges of the
two companies to be mispisi by the Amalgamated Car
gamy. sod their ordiamy obasisi to be in sash
set owatedias the mu of late ter Louisa art
=llllrilmo Y OK. err Great Weston, and sot less shoo
aIL Air Longs. and North Western to 761. for Groat
Woelmoos may be speed en, or as may be setae& by arbl.
Wise.
"8. Illcsh terms awl maids= to be unreservedly slab.
omitted lo* the 1111106101 y, for the security or
seszWilf the t may, when the
Wills thus, promeribo.
" owed to dad pries, with whom either of
the two roar posies alms we; hes soballog, bat bum-
to ea
plats, I:g:orthoneurshis these cogegomts
be bf
th
and sohultiodairaihrpullssassieffig
wi h
thounalpmatisa Mai awl wham (as In the •
the Illssowebory lines) both the ampules have sus\
==iis
be leftto the reapsogve third ;meths lo
of the two migagemonts (whoa they Anal
*di be adopted by the amelymessil eseipasy, ea
etial *Mem chews, to be signed semediesty, and Is
lis parliament as atm.
the Woosseter, and Wolverhamptos
adelbotery agoosent to be mode by the
for ties pour develeystent of the
asoeadesse with the Minn of all
yartias
" t. e
Crid.dilhind Company to be invited to sumo in
this aussgsoisat morally, in mow sad ea his. to he
std with thew
"j. That (as in the sue of the sasa)gamaties tithe Low
isai sod and Grand desnisa Osuyesies) the
ftkilig be weloallvi he In duet tires or
See yew derartswatt, by the two editing Wks et
dirsetees, as Meal oetaasitteee, ander the seportines of a
=beard empotod of equal numbers soleated from
bodies, lin assuagement, after the limited parka jut
oditsoil to, satin with such general beard in the cm&
alin.wast he the tottluseat of say differences under this
spumes; awl also of any _points of detail, or any arrange.
mess not otheowis ponied for war three of the follow.
kg soliknesanidyestimeat bessliebed to an ea
seesiy..The Mast et Melia% Bag Graarille, the
HeraCiight Rea. lir Jame Graham, the Wight
Han. Hushes, the MO* Am. W. B. Gladsome,
the Jaw IMO Wortley, Ir. I
W Mr. dams. Lien lope, (1.0., the Ureat
Women boles invited to eoggild way additional same
whisk Wok It. I Wive I ha,.now alluded to all
palate of ; bet It I hove ousiodied say, I shall
ei mum ho how to give my esploostion astir views
whisk yes bibs. I will aseek, thwefies, sow add
lost,t, slatesayn the sae heed we is set seek ties the (heat
=Won: on the ether Ifie ere a
ath 4 senne
eetarn or pee= to
.6.- v whit r to be

Maiden &WWII, betsseis Tone sad Deeehathr„, to pats
near Ideid2mby laments,Hansa.sail Oltsty lit.
Nary, to • Wes the Mad lather Bail , sear
Exeter, sash keel breathes as say be requi-
site. • reseistisa will be sobseitted to the thereheiders at
, the needles watheristag year dieselsee to tthesselider se
1 way be wairata to siplais prillimaftey pewees to
to that is.. iler bridge over die deer Zit
I Chepstow, with wee this el nth, has bees rens*
se se le hen a madames, broad pope railway learoth die
Greet Waters railway sad dimes. is Beath Wales. ' The
Wreaths regard this es a way hepertast seseasaisolks
clewed ter 'amend Walla, whisk wrath he add y to
have had soy a:biases ever the Guest Weston Lea.
Means will be takes to theoursie it, sad se dada am be
eutertalsed that the districts la that primledity, these&
kg la aimed dales, an mistimed be had •
, fiveTelma. he* to the Beath Wales sad the Orraltrat
emedgrh.
tor the espital they hoe United 1 the
Use bowies Bream sad C
will be shortly woad fee pablis trellis.
to parliament &wisp the last to
Ss anisAos with the two Ithrowthary
were lbsetratod by the seweseepliases at gesead
this of those ampeahl with the this
eras I/horsed& easitsg wise to the Hoer et
Is leftmost to this sabjethihe Meese= basis( very
am* re-
teedeed as atheist sestoodeaties teas the l
awl Vieth Wasters Ilellway esswirm to which the;t:
glees a re*, espreseiss as esesest desks to arrive at nark
sairshis tseftint et A dianthus between the two
thesposies, with the (4•1111Mlles of their respective allies
it Is draughtallies,
by your board that the attainment of so de!
moult ' probable if
, .

are -- Patna,— Ors* ago.
pliable, mutually sad equally advantages's, and molaelly
sad squally proactive. I as to rapist the favour et your
board's reply to tbb samsamelesibia on or before the 9th
instant, if not very issenesskost.
1 ma. ay dear Mr, drkhhll
. yoorstairman.
Osman Cana °Lyn, C
" Chat.
11, Req., Cbalemem Gnat
Western Railway Ossipmey."
OZZAT WOMEN IILSILWAT.
Paddington Medea. 6th August, IMO.
" My dear S—l hod Ms So neap rear War
of
the 4th Instant late emielag. We ham as-
Peed a special wallas elite Mr Tueaday, to mo-
ulder the SIWW“ to heard to pos. It is the earliest day. at
with* we shall be peopled Is dieser so Imp and int-
wept • question. • Teen very faithfully,
"C. Roseau., Chairman,
" Geo. Carr Glyn, Req., Cbalestan, Load= and
North Weans Oempany.
GMAT IMIIIIIIIII W&WAT.
Paddies. Iltoism August 10,1962.
" My dew fdimemt OW wain espreand
wins selisowledilos 'WS WSW OD cedeio dth Pates; I
summed tie hoard et Abeam ir Me. is magi pall
eseltatill Y
res.mder toes sembir Imputest *jet dist
eddy ream /rain be Ibis beard Is
awasaisi RIP 5 sesabise the Womb of le& beim of
the pospiebem se well as it the pills, may he peemeSsi
if a assail —a'-- et seedy and hap strife hawses
lie two sestpanbm Ism odd that we PM satertaia a pry
alums wish, it while we lava already OM to you spay
trek AP see" Pee alsouM be ilaripi4 'pm now_ se due

divided control amid power over the public traffic of nearly
one half of England, while the growing requirements of
the trade of this country necessitate an extension, rather
than the limitation of means of accommodation upon exist- i
lag railways. Such being the conviction of this board with I
respect to the views of the legislsture, involving conse-
quently the rejection by parliament of any bill
for the absolute amalgamation of our two com-
panies, even although guarded by some general
protection to the public, you will not be ear-
prised to find that we cannot consent to imperil the ap-
plieations to parliament, in another session, fur carrying
out oar existing agreements with the two Shrewsbury Com-
panies (specifically alluded to in your letter to me), fur ;
which bills have been already passed by the House of Com-
mons, end which were only arrested at the end of the session
In the Lords, bye standing order of that house, which has
sines been modified, and may at soy time be suspeaded to
meet a ease of public necessity. We are aware that your ,
CPiWon professes to deal with that question by suggest-
tehet your conipmy, as well as the Great Western Cam- .
patsy, have entered iiito agreements with the two Shrews- I
bury Cornmeal( s ; that proprietor .suose. companies are to I
have the c10t... ;^t
... • ---- sewer agreement; and that a bill for 1
ouen object Is to proceed simultaneously with that fur the
general amalgaina•ion of our two companies. Permit me
to observe, however, that the elf ct of the preposition' as
you have made it, would simply be to enable the Lan-'
don and North Western Company to convert an
offer, alleged to be made by them to certain
parties acting in their interests, and connected with
the two Shrewsbury companlis, of nominally higher
terms, but wholly inconsistent with tho actual
agreemeets previous entered into by those companies, into
an implied honourable engagement, which would the reby
practically hove the advantage of superseding the Great
Western alliance, as it were, by consent-4o that if parlia-
ment should subsequently decline to sanction the amalga-
mation of our two companies upon public grounds, or if
your shareholders should disagree to it, the proprietors of
the Great Western Company would discover. whets it is too
late, that our agreement had been supplanted by yours, and
that all the traffic to or from places north of \Vol.
verhampton had been diverted from their railway over
the London and North Western lines, owing to our
want of foresight, and having fallen into the mis-
take of adopting a proposition, to which it may be
found impossible to give practical effect, and which would
therefore prove suicidal to the interests of our company.
These considerations melt deter the director, of this com-
pany from assenting to the general conditions proposed in
your letter to me, even if the money terms upon which you
offer the amalgamation had been satisfactory, which, how-
ever, I sin requested to acquaint you, is by no means the
ease. We think it, for obvious reasans, superfluous to
dwell at present upon that topic, which is merely adverted
to for the purpose of guarding the board from any sup
posed acquiescence in the value, which your directors ap-
pear to assume in the proportions w:w current in the
market ; regardless of the fact that this company has not
yet received from their northern lines a single navienger or
toe of goods. end has scarcely derived any advantage from
the South Wales line, only partially opened; although
your own company have had for a long time the devel p-
ment and almost exclusive advantage over their lines of all
the traffic from the north of England and Ireland.
It is to be remarked also, thst your suggestion of
convening forthwith a Wharneliffe meeting, to sanc-
tion the introduction of an amalgamation bill into
the House of Lords, is quite inconsistent with
the terms of the standing order itself, which requires the
submission of the bill to the meeting, as it may have been
amended in the House of Commons ; and this would leave
it quite open to your proprietors to refuse the approval of
the bill in such amended form, if from any cause they shall
consider that the main object of destroying our Shrewsbury
alliance had been already attained, or that it would be
otherwise prejudicial to their interests to proceed with the
bill, upon such submission of it et a Wharneliffe meeting-
Having thus represented to you the precise grounds why
this board cannot, under existing circumstances, adopt the
scheme for an absolute union of interests, at all events
unless it be accompanied by positive security again' the
evil consequences apprehended by as, and upon terms more
equitable to the proprietors of this company, I am requested
to assure you that the directors are perfectly wiling end
ready to enter into an sinkable arrangement upon some
other conditions, which may be mutually and equally pro-
tective and advantageous to both companies.
" I. We sulinsit that this may be accomplished most
securely, by undertaking that all opposition shall cease on
both aides to the performance of actual agreements into
which either company may have entered ; the bona fides of
which, is cow of dispute, may be decided by an amicable
suit in a court of equity—on condition that equal charges,
within the rates prescribed by parliament, for all traffic to
or from places to which both companies shall convey pas-
sengers or geode by the two independent systems, shall be
agreed upon, and that no obstruction or impediment shall
be given by either company to the public desirous of using
the railway of the other company.
" 2. That, if the London and North Western Company
abeeld desire it, some fixed apportionment between the re-
spestive companies of the nett proceeds of all such traffic,
Mir making a full and liberal allowance for the coat of
vmaiglag and conveying it, shall be determined by an
asillialisa of three noblemen or gentlemen of high stand-
by, W be previously selected.
"3. That the companies in alliance either with the Lon-
don and North Western or with the Great Western Com-
pany he Invited to join in the agreement for equal charges ;
with a proviso that, if the attempt to arrange fails, it shall
not affect any existing agreements.
"4. That a general committee, consisting of equal num-
bers from the London and North Western and Great
Western boards, be forthwith appointed to carry the
arrangement into effect, and to determine any matters bear-
ing upon the general interests or proceedini of the two
birdies not specially provided for, and to refer all differ-
mews to similar arbitration.

"The effect of suciarrange meat, we conceive, will be
to give to the public two distinct lines of railway, to afford
ample scope to the traffic of all districts, and to allow a full
development of the mineral and manufacturing resources
of the country without obstruction or hindrance. It
will wenn to the proprietors fairly remunerative
rates for their capital, restrained by the parliamentary
limitations, already at very low maximum charges, and will
admit of a just economy in carrying on the business of both
line efficiently, without distracting the attention or inter-
fering with the responsibilities of the respective boards of
management in providing for the accommodation of the
public, and maintaining the value of the property com-
mitted to their charge. I will thank you to submit to your
board this proposition, as en alternative plan, to which the
directors of this company are ready to give a prompt and
faithful adherence, after learning that it can be made so-
eeptable to the London and North Western Company. As
the nature of your proposal to us swears ale. ady to have
transpired, we purpose, submitting the correspondence to
the general meeting of our proprietors on Thursday next,
in order to rem°• e all doubts as to our respective views
upon this important question.
" I remain, my dear nr, yours very faithiall'h
Signed) '' C. Roseau., Chairman.
" To George Carr Glyna, Esq., Chairman of the London
and North Western Raaway Company, Ruston Station."

LONDON AND SOUTH WESTERN RAILWAY.

The followinssa are extracts from the report to
tie qpinal mooting on western ortennons, to be
hell tam ordinary halflearly meeting, en the 17th

August neat:
$ The proprietor will as deer be aware that at the*
=et the 12th Pebsuary hit • neoluden wee adopted,
hi the Amami s walk, anis lewd
aset end awl* abeam ibr die anti
Were= Railway Irreert net rentalin h eh
lows That the peegeseb et the parignis et the roe
liae be remitted le die eldratiee et the hearer, and
that they be rertseled S. earlier the sore without delay ;
tae's
aho say new perm& IN the premien of the COW.
and lime ; and raper le • Marl rering, or take such
eke moss hot emasaissiliver their *aims to the share-
Were me dry all Mak IS. lie regard to the coast
line west of Dadismer, the dinsion have always considered
it to be of Ise lapartaani thee the nerd line ; and diet
the diseurien en this *der at the last meeting, it is an-
atomised that the War, Boasenet, sad Weymouth
Oespery are shoat lie apply to Petitioner for
• renewal of their powers, whisk had ben 'append
to expire, to smarm the line tram MOE Dellbalber to
dridport ; the dream think it respedirt, therefore, to
;Mthis pereeton whisk the seen et parliament bas
y boo =Mord; but believing That a e from
Darr to join the mar earn' line at es neer Atninster
would be desirable, tbsy affiaLVisto ammanssad • eon-
Whittles in yid et tide , et 60,0001. In en
dearearig te ear* will the ef the proprietom
err te here ea renrate ere el the paltry which this
ceapway right to rinse regard to these lines to the
wMS, Director ban been freed to the conclusion
that the thee is arrived rhea that unoccupied district be-
tween iledstrary and Burr unnt and will be Cited up ; and
test, seder the district h. ,applied by railway ounamaaica-
.

eingiiQjilytisagie,;ampaay.......t tasik omen *mad suable a ...ant nisibe sore pros..., if they ahltitin cm ileveith bear, to i wedelns MSc 011 dir—aid Ilea- -bp in Jiro ...ea this eitmong it will an-
he eargemeard, eon that in tjasberges demi dared he a this occasion from offering any detailed observation' on the Clams, usaleable sourpeaser, arable aft made dos be sappled—oad that within a eheettime—with
brie liMiorewat givfog a papnenee of aer.a.d.a.har musk or propositions for the imam, beyond the declaration subeetwient to both de : the Wailed these who ad di onsioualeatra emmeeted with tbe Onset Western
have invested their in our respeelho alopsaies, and Compass the broad gauge, which will nentemily jeerer.
at Nat, odor larmarsamt taus, aad we Mal they advisedly make that no coasideration shall in-
s.' ads ihe eirmeggy ed des Ueda sad Roth deo year directors to serene from or relioquish those the general advantage cad esevadereeef dr and dice imil4ere the propertyof this company. When the sets
Aran deareed der neerdres of dde orensoreir which hay. been bosh entered into with trade of the oweiry, An yid& dim mere for the lines between Salisbury and Exeter were passed
enelfileasnisi the Liesien-emiNerth Worsen riferwenionies. As the correspondence embraces points eaneUoned by pediment. Ilseidswabip, at sae period, in Mil and 1847, the capital thou proposed se he ex-
Company. NM. Mt Mies he a mementeentend that of readavaide interest to the proprietors of all the some years ego, when it semis.
of
to have saved the waded is them amounted to no lees than 2,2-24,0001.
the wlmpl T le it namable in the elsepesiee! and it is mod desirable that no min , expenditure of several millkten el capital, it was the opinion The subsequent state of the weer market soon
u.gssi ea. mere edam rampap ve my I. mi. " Ness agprehennoa should staid on their minds from of this board, that a vales of Ore, or eves three large after rendered it absolutely necessary to refrain from any
emoesemeam ae. sere,.._thes hamerare erernmeate, se the want of authentic information as to the companies with the adeerdeme intemee. might such expenditure, and thus these lines, as well as these of
ray lam abeam, are to he yard ml the Nom with vier and conduct of both parties, the directors have • then have bra by ass et parilasser, la order the,Wilts,Ssnerset, and Weymouth, in an adjoining district,
de le which we have wed., atwgemeai hr deemed it advisable to publish with this report, the letter' to avoid the were of capital is dew of natheoni pecuniary were suspended, and the powers for constructing them
oar re dbererve of the two ounitatiee, mbar received fors the Chairman of the Leaden sod North I embetruslianits and to secure horsey of odes between were allowed to expire. Ou a careful revision of the former
,by the peptides, and simple as we , Western Railway Company, dated the 4th instant, as well . the coateeding beards of asanagerat. Batlawere de. scheme, It has been found that, by limiting the line in the
r" .=
the section gad formality of the lsw ?Is it net is the ackuowledgement and reply given to it by your I eirabie, hi isms, remeets, sea ardersaree of lamp and first instanor to • shies way—the earthwork. and ordinary
calculated rather to awaken suspicion that we should I Chairman under date of the 6th anloth instant. The : hostile say still be, it is man ass deabtfal, bridges being, however, inch as will admit of the laying
M mud to empairee ariplireer,—emplieiter, indeed I directors have to rseowatead far your adoption at the special I whether, the present time, Sher tie while espanditai• of a second line of rails, whenever the traffic may deemed
—in melt a proposal ? New, @appose that this medial; convened this day. a resolution which shall duly ,of capital has her forced ups the companies, meal is /eat it, with sulkiest sidings and passing placer at stations sod
a gess of, and that is the point of view in authorise them to reduce sod vary the terms aid conditions ' completed, sad when it is about to be toned I. aurae other pacts—and taking advantage et the present favour-
wil M moor g it to the platen/es, suppose these open which they may issue so much of the 3,500,0007. of the , for public and commercial object., the leiddrawrit will able period for presseation each works, a railway fror
asiedairee ea aig and we are oh to contest they i fixed ci percent. stock, m bat not /et h,.. taken. The election Net principle, and especially after owloithiel of Salisbury to Easter eon be completed for a sure not ester
esgsangeb Aft the London sad N Western Company beard, ending in the month of April list that the filed both houses have received avidness( the inarmass et ob. log 1,100,0001. It his been shows to your directors r
M ii=ii of ikvik, will not the answer that wilt et epee •4i percent. stock had been applied for and allotted more scratchers to traffic over rival lists shiath drier Ibe re the able anal responsible contractors, Moan. Bramey, f
hit Pr us be, " Why, gelidness, you (the Great I freely than they could employ the mossy for the put- three or four tears, have induced the leraistare be Orr- sad Beta have offend to emote the line withir
Wooloolo Clume_pany) cannot dispute the validity of these '
&Ob
pposesto which it was applicable, closed the regider• fere for the protection °famine oompanisa sad tsarist in. meant. On the other hand, the landowners end tithes
, ingeolnalia Tee have admitted es the bade of a negntia• I end eid all applications Mr • Seethe+ issue of / dependent powers to them. In this view of it metier, wheat, pertain intereeted have been meet active and permit.,
sins nos she London and North madam qpdsperly that i it. The mon previously taken amounted to 1,1x57,1140/. 1 apart from other conaideratioes, seriouel? effecv the prune*. order to mese the filling up of this district with
our own." Seppnee, gain, that the I
,
they Elite valid as
Coosideriaa, however, that the payment for the Binning. 1 bility of that scheme, your board eremistakes in supposing uommunieation. lin the 14th November, Isil, the h
y a
proprieties of the Shrewsbury Company invited as they I ham sod (Word, and Birminghem, Wolverhampton, and that the directors of this company consider absolute meal- gentlemen formed t'Aerneelves into a committee, at
have been by these firs on either sole, advance their
D.dley shares wall have to be made early in next year, the notation of the two unilertaluage to be the only, or even meeting at Veoril,der the parolees of eseretne Out
I
claims epee us beyond the terms of the agreements by , directors
eady hound, or supposing that the / tracts for the stock felt it incumbent to accept some conditional con- the better mule, of attaining that desirable reset, viz..- vines reselutionoof,the meting, end seurleg the
which they arc alr
payable in January nest at a reduced Smation from costly strife and dietragna disputes. On ties of the muted line; sad a reeoletienwes primed
Lenten and North Western Cos ny should obtain a rate of interest of 4 per cent. psisemen, subject to the . the contrary, it is our de/iboste opinion. that it would not died ' that such committee be requested-to form r
pa
pepusderatim internee is the (Verdian of the • same conditions of rigkeen-the-part of rrubolitefa to convert be deemed consistent with *lt plat/fan present times Wien to ceche with. the directors of the South'
Shrewd's, Company, both of them probable event*, mad it into mashie stook bola the 26,41 ,I, I 50!
.22!4.1 d! ,to pow* ty *ikon* of, pati,iinqio deempaelyelleinall ult..' hallway CesoltenYelio ardor' arm ahem lif Oh
.., , • IMP
.2 1
it i, •, $ anti .5)(1 11. ill
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co-operation of the landowners as well as of the inhabitants
of district generally,. arlise-eve- reedy- to give their
earmest support to such measures as may be deemed
best calculated to promote the object of the meeting, to ne-
gotiate terms on which that eornpeny will co-operate, and
falling therein to open negotiation with other parties, and
to take such other steps as to them may seem expe-
dient for carrying out the object of the meeting,' viz.:
The Marquis of Westminster • Lord Arundell, of Wardour;
Lord Rivers; Lord Ashbunaa ; Lord Bridport ; the Right
Hon. Sidney Herbert, M.P.; Si, W. C. Medlyeott, Bart.;
' Sir John Kennawsy, Bart. ; Sir Edward Harwood Elton,
Bart.; Sir Edward B. Baker. Bart.; the Hon. A. W.
Hood; Henry B. Seymour, Be}., M.P., Knoyle ; John
Grove, Esq., erne;/ George Miles, E. Ford Abbey;
George Harbin, Esq., Newton Roue; William Wyn.lham,
Esq.' Denton House ; Captain Buller, Street 'Raleigh ;
Charles Peoruddocke, Rog , Compton-park. 'Persona of
such influence and means, and representing suetrpoweiful
interest, having thus stated their willingness andintention
to aid in carrying out the project, your dtr.”...t!:; Corun,uui-
mated with ils..ansesentatives of these parties j 4 ;..ier to
I asterism the nature and extent of the assurualce which they
were likely to afford. Without troubling the proprietors
with the various terms brought Irons time to time under
discussion, your directors have to report that, after much
negotiation, the following arrangements have been
' come to by the director', subject to the approval
of the proprietors, with the parties shove mimed.
Thrt the South Western Cumpany shall provide one half of
the capital (40,0001.), the landowner", local parties, and
the public, to preside the other half. The new tine to be
stocked and worked by the London and South Western
Railway Company, at the rate of do per cent. on the gross
receipts. Dist after paying working expenses out of the
groat takings of the line between Salisbury and Exeter, the
independent shares shall receive preferentially from the
same were.. 4 per cent. That the portion of the capital
subscribed by the South Wesurn Compaay shall
tla, II Like 3i pox cent. from the same source,
end the overplus shall be equally divided. The
South Western Company to have the power to purchase
the shares of the independent company at any time after
seven years from the opening of the line, at each a pre-
mium as, regarding the traffic, may be fair, and as the pro-
prietors id the South Western Company, in general meet-
ing assembled, may agree to."
l'he report then proceeds to state the hearing' of this
arrangement on the financial position and future prospects
of the South Western Cumpany, and thus sums up the
probable results.
" Tu recapitulate, the Loudon and South Western Rail-
way Company will have expended—Between Bming-tuke
and Salisbury, 250,0001.; Salisbury and Exeter, 6.50,000/.;
total, 800,0001. On this amount there may be anticipated
an annual return, according to the foregoing calculation,
of 28,115!., beyond annual interest already debited
(50,000'.). After paying out of this the costs of actual
conveyance of the additional traffic over the main tine, say
7,0001., the remainder, or about 20,000/. will be all additional
Kota to the present stock. The conclusion to which this
result leads is, then, that to complete the line from Basing•
stoke to Siliabury, in the manner and on the terms sug-
gested, will be, independently of ell collateral advantogee,
and after taking into acoount the outside outlay involved in
the extension, to increase the net revenue of the South
Western Railway Company, and the fund applirahle to
dividends in this company; and it is submitted that
all the data mourned to arrive at this result are rea-
sonable, and justified by the experience of this compauy.
If it is agreed to-day to close with the promoters of the
Central Western Extension Line, the din:eters will be pre-
pared, at a special general meeting, to be held in the month
of September, to lay before the proprietor, the arrange-
ments under which the noceesery capital to be contributed
by this company towards this object may he most judiciously
mused.—By order of the Board of Directors, Wy minim
UAILDINO, Secretary.-9th Augur., le'."