The Express.
London, England, 1861-06-22 00:00:00

EAST ANGLIAN RAILWAY.

Yesterday a Wharntliffe meeting of this com-
pany was held at the London Tavern, in compliance with
the standing orders of the House of Lords, to °milder the
provinces of a bill for the construction of railways between
Sutton-bridge, in Lisooliash" and Bury Bt. Edmund', in
Suffolk, to be called the Mid and Great Northam
Junction Railway Company, and for other purpling in con-
nexion therewith. Mr. SIMMS is the chair.
The Cuantuan, in opening the proceedings, said that the
East Anglian Company bad from the very Met looked for-
ward for an increase of their income from the tragic to be
obtained by facilitating the means of communication
between the north-western districts of the country
and the eastern parts of Norfolk. The present
project would enable them to realise that ex-
pectation, and therefore the directors did not hesi-
tate to advise the company to subscribe one-hall the pro-
posed capital.
The SOLICITOR of the company then reed the heeds of
the bill, from whioli it appeared that the capital in the bill
as modified by the select committee of the House of Com-
mons was 100,0001., of which the East Anglian was to
subscribe 50,0001., and give them to soave extent running
powers over the East Anglian lines to Denham.
The ORATINAR, in reply to Mr. Myopia, said that
50,0001. was the maximum which the Sot Anglian Com-
pany would be Galled upon to subeeribe, and moved the
=of so muck of the as sigherised the construe-
old a railway from the Fast Anglian line at Lynn
to the Norwich and :fteMft lies at Sutton•bridgs.
Mr. Mann seeesded the
_ _

MR TAILOR hoped the meeting would reject the bill, as
he did not me from what source they were to obtain the
60,0001. subscription which theyzeptipay to the under-
take*. When the bill was in its entirety
the capital was to be 400, ~ but of that only
900,0001 wee subscribed by the promoters of It He
wished, too, to know it there was any ground for
the anticipatios that they (the East Anglin Company)
were Ultimately to take epos themselves the responsibility
of constructing the lies, and if they were to give up their
own engineer and staff ? He wished also to know if they
were to be called upon to pay the law and parliamentary
expenses of the Mid-Easton Company! He would strongly
'dyne the direoton to husband their resources, as, in the
event of future arrangements with other companies, it
would enable them to resume an independent position.
Hr. Love gild he attended the meeting, not as the chair-
man of the Eastern Counties Comp= , but as an old holder
of unprotected stook. Ho that if they were ever
to hope for a return for that stook, the last thing they
should do was to sebseribe the 00,0001. now proposed. The
Mid-Eastern Company neveroostmnplated nay suck subscrip-
tion, for their sole obi was to daniage the East Angliaa's
prospects, in which they wen stayed by the adios of the
Eastern Counties Company. The sole thing, however, for
them to consider was, would the subscription be a bone-
find oes to their interests? It was his owe belief that every
1001. they subscribed would not be worth more than 401.
He doubted if the Fast Anglian Company, under its agree-
ment with the Eastern Counties Company, had the power
to give the running powers over their lines contemplated in
the bilL
. . _

.16.WILLINKON said the principles of the bill were sanc-
tioned by the select committee of the House of Commas'.
lt WWI the only means of escape they had from the grasp of
the lion—the Eastern Counties Company. He did not see
how the chairman of the Eastern Counties Company could
oppose the bill, seeing that in the agreement between
the Eastern Counties, the Norfolk, and &stern Union
Companies, the concluding stipulation was that they would
*mime in their opposition to the Mid-Eastern scheme this
year, and next year make it themselves.
Mr. FLINT supported the bill. He would, however, ad-
vise the Eastern Counties Company to come at once to erms
with them.

Tin CHAIRMAN, in reply, stated that the staff of the East
Anglian Company would not be interfered with, nor would
they be called upon to pay a single halfpenny of any extra-
vagant preliminary expenses. He could not in on what
grounds Mr. Love could have come to the conclusion
that each 1001. they might subscribe would not be
worth more than 401., for no one could shut
their eyes to the large traffic in coal, fish,
and manufactures which poured through Peterborough be-
tween the eastern coast and the midland districts. He was
not prepared to discuss the legal question involved in the
proposed running powen, but hem lieved it was perfectly
competent for the East Anglian Cpany to act in the man-
nerAmposed.
some further discussion the motion was red of.
The CHAIRMAN, in winding.,up the • gave
credit to the chairman of the Eastern Counties pony
fora sincere wish to help them out of theirditteultiee, and
hoped to see him carry out his good Weather, and resters
to them that of which they had been deprived by the
wiedoidner and fraud of bis predecessors.
The prooesdhep then terminated.