The Sun.
London, England, 1855-06-21 00:00:00

[LEFT SPEAKING.]

HOUSE OF COMMONS—(THIS DAY.)
METROPOLIS LOCAL MANAGEMENT BILL,
(Continued from our first edition.)

Clauses up to 134 were agreed to after some shor
discussion.

On clause 135 being put, which proposed to assess
extra parochial places,
Mr. M. CHAMBERS denied the right of the house
to assess the Inns of Court. They had hitherto been
exempted, and he did not see why they should be taxed
for a drainage that they did not want, and for which
they had already provided.
After some observations from Sir B. HALL, the clause
as originally proposed was agreed to.
Clauses up to 147 were agreed to, with a few verbal
amendments.

Clauses 148, 149, 150, and 151 were agreed to withou
any discussion.

On cianse 152 being put, which gave the Govern-
ment the power of appointing auditors, some discussion
took place, in which Mr. Alderman Challis and Mr.
Williams deprecated the Government having that power,
and asserted that it ought to be vested in the rate.
payers

Mr. Chambers, Mr. Wilkinson, Lord Ebrington, Mr.
Henley, and Sir G. Grey having said a few words on the
matter,

Sir B. HALL replied, and the clause as amended was
afterwards ordered to stand part of the bill.
Clause 153 as amended was also agreed to, as also was
clause 154, after undergoing some amendment.
Causes 155 to 153 inclusive having been sanctioned,
The house resumed, it being ten minutes to 4 o'clock,
and immediately afterwards adjourned until 6.

The house resumed at six o'clock, and was
[LEFT SITTING.]

MEETING OF THE LONDON AND SOUTH-
EASTERN RAILWAY COMPANY.
(ThIS DAY).

A special general meeting of the proprietors of this
railway was held this afternoon at the Bridge-house
Tavern, London-bridge, for the consideration aid ap-
proval of a bill now before Parliament, for making a
railway from the Farnborough Extension of the West
London and Crystal Palace Railway to the North
Kent line of the South-Eastern Railway, and for other
purposes ; by which bill it is (amongst other things) in-
tended to sanction an agreement with the South Eastern
Railway Company for working the proposed line of
railway, and to enable that company and the company
to be incorporated by the said bill to enter into other ar-
rangements with respect to such railway. For the pur-
pose of authorising the directors to borrow further sums
of money under the authority of and within the limits
prescribed by an act passed in the present session of Par-
liament ; and for confirming the appointment of Henry
Rich, Esq., M.P., John Anderson, Esq., and John
Cross, Esq., as directors of the company. '
H. RICH, Esq., M.P., Chairman of the Company, in
the chair.
The CHAIRMAN said the purpose for which they had
met was with reference to the Mid Kent Railway Bill
now before Parliament, and the first resolution he should
submit to them had reference to an agreement made be-
tween the directors of this company and the promoters
of the above bill. After referring to the London and
South Eastern Company having presented a bill last year
to Parliament for making a railway from Bromley to
Lewisham, but which was withdrawn, and the Crystal
Palace Extension line to Farnborough carried in its
stead—said the Mid Kent Company promoted their bill,
which went over nearly the same ground as that
of this company's bill of last year. With a view to meet
the exigencies of the case preparations were ma le by
tbis company to oppose that bill in Parliament, provided
to arrangement could be come to between the two com-
panies. The promoters of the Mid Kent Railway had
met this company in a fair spirit, and the terms on
which they had agreed were, that the Mid Kent Railway
Company should complete the line with stations it
for opening, and, on its approval by the Board of Trade,
to hand it over to the South-Eastern Company
for working. For the first two years the
Mid Kent Company were to maintain the permanent
way, after which time it would devolve on the South-
Eastern Company. During the first two years the South-
Eastern Company were to receive 40 per cent. of the
gross traffic to cover the working expenses ; and after
that 50 per cent., or one-halt of the gross receipts. Ar-
rangements had been made to prevent, should any un-
pleasant feeling hereafter arise between the two com-
panies, any injury to the traffic of the Sonth-Eastern
Railway by the Mid Kent Company making any change
of fares on their running into this line. The cost of the
Mid Kent Line was estimated at 105,0001., and should
the profits on the line exceed 54 per cent., the excess
wculd be divided equally between the two companies.
The agreement was fur 10 years, renewable at the end
of that period (by consent of the Board of Trade) for a
further period of 10 years, so that the agreement might
be considered to be for 20 years.. Considering the ad-
vantages the arraneements proposed would be to the
South-Eastern Company, he proposed a resolution,
pleTdgsr in the meeting to effectually carry them out.
T 6 Hon. Mr. Bstsio. seconded the resolution,
The SOLICITOR having read the heads of the Mid
Sent Railway Bill,
The meeting was addressed by Mr. API. ren r Dent, Mr, Smith, Mr. 1; a sY •
erapat , Mr. Wilson, and
others.
The CHAIRMAN, in reply, said that nothingwas
best more
fallacious than estimates of traffic. He thought the
proof they could have of the value of a traffic iu any
given direction was the finding persons ready to con-
struct such a railway.
He declined pledging himself to
any amount of traffic being brought over this line. The
working expenses were estimated at 9121. per annum.
This company would be liable for rates and taxes during
the period they worked it, and as to the opinion of the
board on the agreement proposed he was able to state
it was unanimous. The Chairman then put the resolu-
tion, which was carried unanimously.
The CHAIRMAN said the next question for the consider-
ation of the meeting was how to raise the money re-
quired for the completion of their works. On the 7th
September 1854, a general statement was laid before
the shareholders of the outstanding debts of the com-
pany, which showed that the sum of 490,0001. would be
required for the above purpose, Authority was then given
by the sltareholderB to the directors, to apply for a bill
to
raise 500,0G0/. in a manner least burthensome to the
revenue of the company. A bill was prepared accord-
ingly, which had since passed and received the Royal
ssent, and the eirectors now came for powers to raise
be rnoney they required. They considered the best