The Sun.
London, England, 1855-10-30 00:00:00

Meeting of the London, Tilbury, and
Southend Railway.—(This Day.)

A meeting of the proprietors of this line was held this
afternoon at the Loudon Tavern, Bishopsgate-street ;
Mr. Daniel in the chair.

The meeting was ca!led for the purpose of considering
and determining upon a proposition from the lessees of
the line for the payment of an additional guaranteed in-
terest on the shares of the undertaking, in lieu of a par-
ticipation by the shareholders in any surplus profits
which may hereafter arise beyond the 6 per cent. per
annum at present guaranteed.

The CHAIRMAN, after entering into the present posi-
tion of this railway, said it would be for the share-
holders to decide whether they would accept the offer of
an additional i per cent. guaranteed, instead of the 6
per cent. now guaranteed, with a participation in the
profits beyond that, and proposed a resolution accord-
ingly.

A SHAREHOLDER said he could not agree that the
terms proposed by Messrs. Peto were not the best
terms they should get. The North Kent would have
made 15 per cent. if they had not mixed themselves up
vrith the South-Western Railway. This line was likely
to become more valuable for the future than it had been
in times past. During the summer this'line had earned
1,8001. a-week. Now it was 1,1001. He thought
when the line was fully developed it would earn
2,0001. a-week on an average. That, after a
deduction of 45 per cent. for working purposes,
would leave 12 or 13 per cent. He was of opinion it would
be better for the shareholders to remain as they were,
with 6 per cent. guaranteed, and a participation in the
surplus, than accept the additional per cent. now
offered, with no participation in the surplus profits.
The CHAIRMAN said that out of the gross returns
they had to pay the Blackwall Railway and the Eastern
Counties Railway. The Tilbury Line got 2s. 3d. out
of the gross returns, and the other companies ls. 3d.
between them. The directors only wished to act in ac-
cordance with the wishes of the shareholders. The
whole of the line was constructed, with the exception
of three miles.

The feeling of the meeting was strongly expressed
against accepting the offer of the lessees of an extra
per cent., instead of a participation in the surplus pro-
fits, especially as there were 19 years unexpired of the
lease.

Mr. WADDINGTON, M.P., said he thought the share-
holders had taken a correct view of what was likely
ultimately to be the value of the line. He suggested an
adjournment of the meeting for the shareholders to have
an opportunity of considering the question.

This was met with loud cries of " No, no," and

The CHAIRMAN put the resolution, which was lost by
a large majority, so that the terms of the lease remain
unaltered.

The proceedings then terminated.

Rumoured Suicide of Sir John Dean Paul.

A. rumour was very generally current this morning, in
the city, that Sir John Dean Paul had committed
suicide, in Newgate, by hanging himself with a portion
of his bed clothes, which he had torn into strips and
formed a rope. On inquiry at the prison, we found
such was not the fact, and that too strict a watch is
kept on the prisoners to enable either of them to accom-
plish such an act, even if they had the inclination.

LAW INTELLIGENCE—(This Day.)

BANKRUPTCY COURT.
(Before Mr. Commissioner Fonblanque.)

IN RE W. COLS.

This was a meeting for adjourned last examination.
The bankrupt carried on business as a merchant at 19,
Birchin-lane, and was one of the firm of Coles Brothers,
and is at present undergoing his sentence of four years'
penal servitude at Newgate for his participation in the
frauds of Davison and Gordon.

The balance-sheet commenced January, 1854, and
ended August, 1855, and showed debtor to creditors,
40,1901. Os. 2d.; ditto secured, 46,5051. 165.; capital, as
per statement December, 1853, 22,692/. 12s. 4d. ; profits,
10,137/. Bs.; liabilities, 293,2531. 11s. 9d. ; creditor by
good debts, 55,660/. 6s. 6d.; doubtful ditto, 36,996/.
3s. ld.; property, 47,6081. 16s. 11d.; expenses, 17,439/.
12s. 6d. ; losses, 159,864/. 10g. 4d.

The bankrupt was brought up in custody.
Mr. Murray, who appeared for the assignee, said the
cash account had only been filed a short time, and time
was asked to investigate it.
His Honour adjourned the examination sine die, be-
cause a bankrupt ought not to pass when undergoing
criminal proceeding, because it might create an unfortu-
nate class of jurisdiction.