The Express.
London, England, 1862-07-18 00:00:00

RAILWAY AND PUBLIC COMPANIES IN

PAYLIAMLNNT.

Yesterday the committee of the House of Lords,
Lord Portman in the chair, held a final sitting, and settled
the working and financial teina of the amalgamation
measure which has so long occupied the consideration of
both houses, and by which the whole of the Lest Anglian
system of railways will hereafter be condamed under the
desigaatiou of "the Gnat Lantern Railway.' Propositions
were laid before the committee by counsel for both com-
panies relative to the dividends to be declared on Great
Eastern A stock, whereupon the committee deeded that
the profits of the undertaking, applicable to the payment of
dividends upon ordinary stock, shall be divided at an equal
rate per cents per annum amongst the proprietors
of the ordinary stock and Great F.astera • stock,
subject to the following acklitions and redocrioe,
with respect to the last-mentioned stock, that is to say, the
proprietors of Great Eastern A Stock shall be entitled' an-
. madly to an addition of 6,9361. (the proposition of the
Easter! Melon was that the addition should be 19,589/.).
being four per cent, per annum on the amount over and
above 313510/. (the Eastern Ulnae Company'. figures were
489,7281.) expended by the Eastern Union Railway in the
construction of the Harwich and Woodbridge branches ;
that if the Eastern Union liabilitiee shall in respect of all
fixed annual charges be found to be less than 72,0001. per
annum, the proprietors of Great Eastern A stock shall be
entitled annually to such au addition as shall be equal to the
(Mamas between the amount of such fixed charges and
liabdities and 72,0001., and if such fixed charges and
liabilities shall be found to be more than 72,00 w. per an-
num the share per annum of the proprietor of Great
Eastern A stock in the divisible profits shall be less by
the difference between the 72,0901. and the amount
of such fixed charges and liabilities. Provisions
were also cossidered and ratified fixing the share
capital of the amalgamated company at the sum of
14,765,999 f., with power to increase the same not exceed-
iog 1,200,000 f., with power to barrow on mortgage or bond,
4,750,0001, together with 675,0001. of disbesture stalk, to
be issued to the Emit Suffolk Comsny to be applied in
paying off their niortgnges. If the year's rearecue is insuffi-
cient far dividend the subsequent annual .avenue is rid to be
charipd. The "amount and issuing of all Newly-seated shims in
to bedetermiasdist general meetings cif proprietors, mid due
&moist and amber of calls is sot to exceed 25 per east oa
theirsommat. The srnalpimated dive'se of capital ie fixed
se follows :—Prefsreucs stock in the &dere Counties
Company, 2.561,817/. ; Eastern Union, 656 841 W. ; Norfolk,
441,9861. ; last Anglian, 566,39 W. ; Newmarket and Bury,
142,4251. ; Norfolk n per Cent. Preference, 14,6901. East
AnglianGuaranteed, 1,033,606/. ; Great Faders Prefer.seas, 1,1224100 i. ; Ordinary stock, 8,195,621/. The prem.
sass with referent* to completed and useiniabed railways,
tolls, and miscellaneous ma'am, are also definitely Nettled..
1 The committee have alao finally settled *e bill of the
Esidien Unmet Railway Oempanyto enable them to make
arreagementa is 00 \ DIM= wish titely capital, and a large
number of the holders of preference stares having refused
to aesept sew shares in lieu of them, god whereby the com-
pany bed only created shores to the amount of 330,000 f. in-
deed el 461.1,0901., and whereby they had incurred liabilities
to the extent of 200,0504, which the bill sow
afess than power is raise by shares with a pm-
jematial dividend of 5 per mut., terther with a
emus of 50.000 f. Mewed to the WILTIII2OV Valley Railway
cisme me ides theseted providiag for . the liquidation of
the unseat of the Ti smay meal by the bill by sething apart
500 f. aymr towards !Mathieu( the ?recreate shares and
m= After several days' *wry the essusideis, gig
Doosestiniere ie the chairman. threw est the bill
171tislillaberyli thiGlessow Railway. The appellees cases
MAtip% West Riding, Roll, and Grimsby and Nor* Eastern
Rea an sot yet concluded in the other oommitteee.
istisUomoreas a esamattes with Mr. Belle es the chair,
was empannelled to consider the bill of the Mersey, Irwell,
sad Weaver smigatioss.

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