The Express.
London, England, 1852-04-09 00:00:00

Yard, afternoon, • special general toasting of
the sharehelleos of this compemy was held at the Mask's
Ferry Hatel. ilibeahred, W receive • report hem the
diemesse velleame to the be sew bean poillemont. in
M son spemsent with the Osmi Weans ead
Assisted damsels% he • Mass sad Mose
of this oelapaey to the Great Western C...
yew, and is nemeses to other bills affecting this ma-
p Vii,
beam penthesea•
chair was Maul Janne BUICSOPT. E. 4.. Alder-
men, of Mambo/its; President et the Board, whe
stated that the spat widen had hromely bee• made
with the Great woalra sad Iffemershary Companies bed
not boss carried ant by the Moat etempany, is maw
queues of their solicitor karsikalsi • new stipulation into
the eateuded agreement whielt bad rendered the masher
attached to the arrangement by the avenue of this gout-
pauy, as well as the Shrewelmity Composies, diametrically
opposite to that now sought te be pat upon it by the Great
Western Company.
Mr. GIBSON, the secretary, then read the report of the
directors, which entered at peat lea rats the einum-
stances connected with the preperml lease of the Mhos-
head line by the aisociated sempaeles end the spresumeat
for future amalgamation at par; detailed the passe&
inns of the executive senealittee who had preseeded to Un-
do& and had several interviews with the parties appointed
by the Great Western to carry those ammigententa into
effect ; referred to the refusal of the Great Westeni he pre.
Geed with the bill tor teasing the Rae wad the hill he se-
c_tirlif the amaliessathe of the seeselMedi einspeoise bed
{heels paellement - end awastaded by rosessomad-
Qin the sasoreasamee l'elthdraw ellegedsor from Mehl'
for leasing their line te the Great Western and Ameekted
Shrewsbury Campania.
The CHAIRMAN, u soon ag the report had been read,
said ho felt it necessary to enter into some detail, in order
to prevent the possibility of any misunderstanding in the
public mind as to the terms on which this agreement
might po.sibly go off altogether. The :directors
had received many communications from proprietors, cusp
kg the hoard to go on with the arrangement previously
made with the Great Western, Notwithstanding the doctors-
tion of Mr. Saunders, on the part of that company, that the
leasing bill would not be brought into operation until lifter
the passing of the amalgamation bill. An intim Alen had
been made, it would be recollected, last year, that if some
modification were made by the Great Western in the terms
then proposed—if the 3) and the 4 per cent. were brought
nearer by two years—the chairman and directors would re-
commend the proprietors to go on with the negotiation ;
and, accordingly, on the Ist of November last, the me-
morandum of agreement with the associated companies was
approved by the shareholders of this company and con-
firmed by the Great Western and the two Shrewsbury Com-
panies. The emended agreement was to have been drawn
up by Mr. Buller; and on the 12th of Deeem•
bar, two draft agreements were prepared and for-
warded to the associated companies, one for the traffic
srrasgmaents, and the other to carry out the more extended
provisions of the agreement. Considerable delay took
place ea the part of the Great Western, and when • depu-
tation from this company attended to settle the agreements,
the former company was not prepared, on the ground that
their counsel had not read the documents. The deputation
then agreed to adjourn their visit for • week, but even then
the Great Western was not ready; and the associated come
parties accordingly sat down and prepared the bill them-
selves, urgently pressing for draftee( the agreements. One
ground of urgency on the part of this company was, that
the board was entiapating the lease in its arrangements
with other parties, and with the Shrewsbury companies in
particular. The Great Western then promised to have
them sent to this board In two or three day., but matters
went on until the beginning of March, when the board
again strongly pressed for those extended agreements,
and the Shrewsbury companies were equally anxious. But'
it was urged that owing to the pressure of business it was im-
possiba for the Great Western directors to attend to the
matter immediately; and in answer to another urgent ap-
plication, they appointed a meeting for the 19th of Miwa.
It was considered by the board that the ezeentive asm-
mine* should attend that meeting, and at that dim there
was no mention of any difficulty whatever, cam* an to the
amount of land which had been reserved by thisenitiraF
' A week before the intended meetlag, however, he
chairman) met his colleagues sad the solicitor, and y
then learnt for the first time that the new stipulatioa bad
bees introduced by the Great Watson, namely, they the
bill for leasing should be poignant emit after the peeing
of the bill for the amalgamation of the several companies.
Upon this, the directors of this cement], eansideelei it
was an error of the lawyer, proceeded to Taddistek and
mentioned the matter to Mr. Ssamadam who, hewers; re-
that it was DO mistake, and that Ms had acme
intended anything else. Bat be (the ob bad sees a
draft of an agreement drawn up in medinneitlen of tbie (the
Cheshire Junction) company's egreesasat,wbkh bedpamed
the Shrewsbury Companies, although the Great Washes
Company had sent it back interlined in blue ink, and fetish
would have put this company in great peril if the dimmest
had allowed themselves to remain in it as it then mood.
(" Hear, hear," and cheers.) A proposal was next made
M go on with any two of the companies, of which the Great
Western should be one, and that if any one of the Shrews-
bary Companies failed to comply with Lord Wharneiffe's
order, the Great Western should be at liberty to withdraw
from the lowieg WM unless the amalgamation bill were
previously meet In reply, Mr. Saanders said that On
agreement team UN giving authority Mr to parliament fur
poem to amepwate, and that that morn must be the
first carried es*,
_Another admen wen that the payment
of rent to the Cbsehlre 11111011011 Company was postpoaed
until after the bill 70emed, bat the agreement stipulated
that it thembi eseimmee in Jane next. This era Mr.
&Leaden iMmeif was hood te admit; and mew all
the eiroametemese of the else he (the chairmen) would
reconemead
one not to peopled farther with the
bill now IsibeeferolaVsteir Ilse to the
Great Waleson sad Athisiod seasinsisa,
he formally mewed the adeplisa of aimless' mist
la fflpki to a linaimmacawk
The CHAIRMAN owed Ore the east of them=
ea h meat, at mosso Meted, would he te the up the
heed perm emtfl 1846, if the assaigamatme kV were
net pond.
Mr. WWI mid it woe will ham that be& the Wain
sad smalgamatiaa Nib wore What the teem
and that it was abused to enppeas was would Mil=
without the ethet. Ns messemoaded • esemense of the
whole matter Is She aeliffigeden of Imispendme parties.
Mr. GI BB was of • dillimert opinion.
The CHAIRMAN mid it was be • ease he boolimisa
or indecision, and stied the pewit of • Ism and decided
policy.—The report was put albs meallnm sad ennalmmets
adopted ; and after the &pawl atom akar beim Os
meeting separated,