The Sun.
London, England, 1855-06-25 00:00:00

THE SUN, LONDON, MONDAY EVENING, JUNE 25, 185 L

The first and second clauses were agreed to after a
short discussion.

On clause three being put, which proposed a distinc-
tion between local and imperial legislation,
Mr. ADDERLEY proposed to leave out the clause
altogether.

[LEFT SPBAKING.]

MEETING OF THE EAST KENT BAIL-

WAY.-(THIS DAY.)

A special general meeting of the proprietors of this
company was held at the London Tavern, Bishopsgate-
street, this afternoon, for the purpose of considering a
bill to enable them to extend their authorised line by
the construction of a railway from Canterbury to Dover,
with two branches at Dover, to increase their capital,
and for other purposes. Lord Sondes, the chairman,
presided. The usual preliminaries having been ob-
served,

The noble CHAIRMAN said he had really nothing to
say to the shareholders with regard to the object for
which they had been called together, as it was so well
known to them all. A circular had been duly forwarded
to every shareholder explanatory of the objects of the
proposed undertaking, and the replies which had been
received were, with scarcely any exception, of an ap-
proving character. (Hear, hear.) He bad but little
doubt, therefore, that these satisfactory feelings with
regard to the measure would be confirmed on that oc-
casion. (Hear, hear.)
ae,lr. FRESFIFIELD, solicitor to the company, then read
over to the meeting the heads of the various clauses of
the bill, after which,
Mr. J. SADLIER, M.P., rose and said, it became
his duty to propose a resolution which was essential
under the provisions of the existing law, when a railway
company undertook the extension of its original
objects. He need not detain them in regard to the
objects of the Legislature in requiring a meeting of that
kind to be held, but they would be aware it was not one
of the ordinary meetings of the company. He need not
enter at any length into an explanation of the objects
they had in view, by the promotion of the measure
before them, because he was well assured that most of
those whom he had the honour to address took a deep
and natural interest in the success of that important
undertaking, and deemed it, therefore, their duty to
make themselves masters of the more material facts and
details connected with it ; but he might observe that the
steps taken by the directors since the last annual meeting
had been induced by circumstances which unexpectedly
arose subsequent to that meeting. Since that time
almost every public man—he might almost say without
exception—connected with the great interests of the
country—those, in fact, who were at the head of the
naval, military, and ordnance departments of the Go-
vernment, had become impressed with the extreme im-
pertance of direct railway and telegraphic communication
between the metropolis and Dover. Animated by this
opinion, and acting under a deep sense of their official
responsibility the directors of the East Kent Railway
had made great efforts to obtain the sanction of
the Legislature to the extension of their line
to that port during the present session. (Hear.)
Encouraged also by the promises of the authorities he
had alluded to as well as he might say by the Prime
Minister, the directors thought it their duty to avail
themselves of the favourable opportunity which had now
sprung up for the completion of the original design of
their undertaking—which was not merely the establish.
ment of railway communication between Strood and
Canterbury, but its continuation thence to Dover. In
the first instance, however, they were constrained to
curtail the proportions of their original design from cir-
cumstances over which they had no control, and though
never abandoned it was postponed until a state of things
should supervene which should be more favourable to
the complete realisation of that idea. (Hear, hear.)
That state of things had now come about, and it was
very gratifying to the directors and all those interested
in the enterprise to observe that there was after all but
a very limited—indeed, he might say a very feeble—
amount of opposition to their efforts to extend their
communication with Dover. The great argument; it
would be recollected, which was formerly urged a.gainst
the utility of the East Kent line by its opponents, was
that it did not extend to Dover ; they always
dilated upon the fact that it was simply a
railway fromiStrood to Canterbury, and that because
it went no further that it was unworthy of support.
There was he was bound to confess something in that
objection as matters then stood—but he found now that
the directors found themselves in a position to extend
their communication with Dover as they from the first
contemplated doing, these same opponents changed their
tactics and condemned the project as visionary and use-
less. (Hear.) Nay, more, they protested against the Go-
vernment entertaining any such views as those lie had al-
luded to; and further, they said that a more unfit tribunal
to determine what were the requirements of the country
in this respect could not be conceived. Those indivi-
duals were bold, indeed, to assert such opinions as these,
and be could only account for their entertaining them by
the fact that those persons were disappointed and irri-
tated at the gradual and progressive success of the East
Kent Railway, in recovering from its difficulties, and
placing itself in a position to complete, in its integrity, the
original design of the undertaking. (Cheers.) He
deemed it quite unnecessary to expatiate upon the nu-
merous advantages which must accrue from the com-
pletion of the communication with Dover; but he might
observe that, before taking any steps with a view to
accomplish this desirable end, the directors thought pro-
per to consult the feelings of the inhabitants of Dover in
the matter. They accordingly attended a large and in-
fluential meeting there, and he had the honour of ex-
plaining publicly the considerations which induced him
to think it was not only the duty of the directors to pro-
ceed with the bill, but that it was an object that de-
served the sympathy and support of the people of Dover.
The result of that meeting was eminently successful—
(hear, hear)—and he might add that he did not hesitate
to tell them, as he ventured now to repeat, that
whenever a co-operative body could combine with
advantage to their own interests anything which
was calculated to promote the welfare of the
country it was their duty to carry it out. (Cheers.)
He did not feel called upon to dwell upon the objections
that had been urged against the proposed scheme ; for
ho was disposed to take broad views in such matters,
and to overlook such as were of a merely trivial nature.
But with regard to the opposition of the South-Eastern
Company, no doubt the directors would feel bound to
maintain it, not so much from a mere spirit of antago-
nism so much as a natural desire to increase their own
interest by endeavouring to retain in force a species of
monopoly, which, however advantageous it might be to
the shareholders, was obviously disadvantageous to the
public good. (Hear, hear.) Although he should be the
last person in the world to wish to crowd a particular
district with railway communication, he felt that the
scheme which the directors had in view was essential to
the prosperity of the district through which the proposed
line would pass, as well as calculated to be of immense
advantage to the country in general. These were the
views which the directors as a body entertained ; and
they pledged themselves to avail themselves of every fair
means of accomplishing the desired object, provided they
were fortified by the confidence and support of the share-
holders. The hon. gentleman then moved a resolution
embodying the approval of the shareholders of the pro-
posed extension of the line, and the other objects of the
meeting.
Sir J. TYLDEN said he seconded the resolution with
peculiar pleasure, because he had been for many years
an advocate, in common with many he saw around him,
for the extension of the line to Dover, in accordance
with the original object of the undertaking. To look at
the proposed scheme in a merely pecuniary point of
view was to regard it in a minor sense compared with
the advantage which would accrue from it in a national
sense. The inhabitants of Dover seemed to be fully alive
to its importance, for they not only cordially approved
of it, but signified their approval in an unmistakeable
and tangible manner, by coming forward with their
purses to aid the project. (Hear, hear.) Supported
as they were in this manner, and also by the Prime
Minister himself, and other official authorities, the di-
rectors, in going to Parliament to obtain this bill, only
required the sanction and approval of the shareholders
to prosecute the undertaking with perfect confidence in
their success. (Hear, hear.) He sincerely hoped,
therefore, that by the next annual meeting, he should
have to congratulate them upon the passing of the necessary
Acts of Parliament, and upon having sufficient capital
to commence the new line. (Cheers.)
Mr. HILTON, as a large shareholder in the company,
having said a few words in cordial support of the pro-
posed scheme,
Alderman SALOMONS said he;;differed entirely from a
great deal he had heard that day. So far as the line
from Strood to Canterbury was concerned, it was
wanted, inasmuch as it filled up a gap in the country ;
and so far from not having, as had been stated
by some persons, a terminus, it opened up a com-
munication with the centre f the county of Kent,
and was thereby productive of the most important
advantages. As to the extension to Dover he admitted
its desirability in a national point of view, but in a coun-
try like this the Government ought to come forward and
lend its assistance to the undertaking if it was intended
to bring about any national benefit. (Hear, hear,
hear.) Instead of this, however, he found it was
proposed to mortgage the existing line—or, in other
words, to grant preference shares for the construction
of the Dover Extension. Now, he did not think this
was at all fair. It bad been said that the people
of Dover had come forward with their money ;
but there was nothing to thank them for, because
until the extension would pay the competition
of the South-Eastern Company must be overcome, and
then, before the shareholders could receive a farthing,
the profits, if any, would be swallowed up by the pre-
ference shares granted to the Extension proprietors.
At the same time be was an advocate for the contract for
the construction of the line being thrown open to public
competition and executed at the cheapest rate, and un-
less the directors would guarantee this he must, though
he should do so with regret, give his unqualified opposi-
tion to the scheme. He had attended there simply to ex-
press his opinion as being unfavourable to the extension
for the reasons be had stated, and having done so, he
sincerely trusted that nothing might occur which would
induce him to move an amendment.

In the course of a long discussion which ensued, Mr.
FRESIIFIELD pointed Out that although the new
bill created a preference, at the same time the existing
law of the country prevented that being in any way
prejudicial to .existing preferences ; and the chairman
explained that at present no contract for the line bad
been made, but the directors whilst entering into no
pledge as to their conduct in that matter would take
into consideration the objection of Alderman Salomuos.

The resolution was aft;rwards put, and was agreed to
unanimously.
The proceedings were brought to a conclusion by a
vote of thanks to the noble chairman,

50
50
20
20

5
5
5
20

20
5
20
10

20
20
6
20

100
100
100
20

50
50
100
100

SH ARE MARKETS

(THIS DAY.)

It4ILV/A.YS.

12i
50

87.2 s

20
20
10
10

Paid.]

too
Bii

100
83,
100
100

100
47.;
all

all
all
all
100

13! IF

176
all
all
1

all
100
9
1.00
21

all
11710.1

Closing Prices
this day.

20i
100

20i
100
20

10
all
10
all

1
2
all
13

Antwerp&Rotterdam
Belgian Eastn. June
Beziers to Graissessae
Bombay, Baroda, and
Central India,Serip
Demerara

Dutch Rhenish ,
Eastern of Franco ,
Do. New

East Indian, g. 5 p. c.
Do. Extension
Do. 4i p. c. Bds., pay 1
'57, convertible
Do. do. do., '59, do
Gd. Tk of Cana,daA is
Do. St. Lawrence &
Atlantic do.

Do. Cert. of Deben.,
con. into Stk. till '63
Do. Comp. 6 p. c., do.
Gt. Contral of Franc-
Gt. Indian Peninsula
guar. 5 per cent
Do. New 5 per cont
Do. Extensions....
Do. d 0...

Great Luxembourg,
Constituted Shares'
Do. Obligations .

Gt. Western of Canad
Shares .

Do. Bds., payable's7,
with option till '55
Do. do., '62, p. '56 I
Do. do., '76, p. '6O
Do. do., '73, without
option
Hamilton & Toronto
Do. 6 per cent.
Lako Const. & Basle
Lucca di Pistoj a 5 p.c.

prof
Lyons and Geneva 1
Lyons & Mediterran i
Madras
Do. New
Maria Antonia
Do. do. New
Namur & Liege (with

interest)
Do. (es interest)
Northern of France.
D 0.201. Shs.late Char-
leroi and Erquelines
guar. 3$ p. c. & red.
at 22A/. dur. 88 yrs.
from 1 Jan. 1854
Do. 201. 3 p. c Bds
(fmy. B. do Ams. Shs. )
NorwegianTrunkPre'
Paris and Lyons
Ditto Bonds
Paris and Orleans
Paris and Rouen.—
ParisCaen & Cherbrg.
Rouen and Havre
Royal Danish ......

RoialSwedish...

Sambre and Meuse
Do. 5 p. cent. Pref
Scinde

Southern of France..
St. Andrew's and

Quebec (A) -
West Flanders

Do 53/4 per e. Prof
Western of France_
West. of Switzerland
Wiesbaden
Zealand

JOINT-STOI

Anstrala.sia
British Colonial Bank
and Loan Company
British N. American
Chartd. Bank of Asia
Chrtd. Buk. of India,
Australia, & China
City

n Colonial
30 Comincycial of Lond
all English Scottish and
Australian Chart
all Loud. Chart. Bk. of
Australis
5 Ditto New

24 - 26

44 - 4i

81 -- 8i
13i -12 ii
15i -- 16}
84 701

90 - 92
621 - 634

13i -14 i
9 - 11

... ...dl

15 -- 16
12i -12 i

32 - 36
23 - 25

76i - 771
58 - 60
8i - 9
19 - 20

70 - 72
92i -03 i
75 - 77
T 26 - liB
100 - 102
67i •- 67i

- 80
8 - 10
8 10
81i 82

- 8
1102 -• 103
1021 - 1024
-
I:I
83 - 84
8i 70,
74 - 6

26 - 27
8i

74i - 741
11 - 46

9 - 7
li - 2

EO -- i'

30 ... 31

74 75
6/ 64
3t
13i —14 t
50i 51t
49 51
d par
id
5 4id
6i 7
1 d rar

28 - 30

103 105
67 69
46 48
13i —14 A
611 —62 i
29 30
3 1
2d —. par

39 - 41

4/ - 5

20 21
3i - 44
22 - 24
7 - 8

9 - 9i
2i -
3- 2 •

2 - 2ir

1
35i - 36
9 - 10;,1
25 -25 i
3i - 3iPj

6 sjd

18 - 19

65 -- 67
94 -- 96
4i -43 p
5i -- 6p
111)
6i -- 6
4 -- 4i
31 -- 3i
21i -22 i
"100 -- 102
106 -- 109
110 -- 115

104 - 106
22 - 22
108 - 110

din
6p

lipl
21 -E
5 7,
2 -- 3

6 - 61

36i - 861

12i -- 134

Business done
this day.

14i 14

12i k

67i 11

81i if

102
1021 i i

831 i

27 6ii 7
7451 iii
45 4

51 501

91 9 i

1011

18
95i 5
14i

21/ 21/ 24
1001 1

10
226
all
all

112 13

1011 5
108

12i i

20
20
20
25

40
5
St.
25

fi - 9
281 -293 p

46 48
45 47
pro
25 - 26
21 22
9i 101-

2i - Zip
... - pm

2i p

3i - 4d
-61 -- 10ip

is i*6

BANKS.

84 - 85

65i —6qad
i d— iP

ii - 6 pl

25i if

351 6

18 -18 A 1
10i -20 A
a __ld
35 37

18 i
20i

London and County..
London Joint Stock..
Lond. & Weetminster
National Provincial

of England
Do. New
National of Ireland
Now South Wales
Oriental Bank of
Corporation
eroyineial of Ireland
Do. Now
;.07.31_ Aur, tr:‘ll, ,
& Gold Imp Co
4outh Australia
Union of Australia-1
Do. New
1494. q1,19.?4°11 ttte

48 = 49

35 - 36

351 i
38i

33 - 39
52 -

•~• `r N~

42 44
74 75
8 9
. iii on

75 44
294

LINES LEASED AT IFTTED RENTALS.

RAILWAY.;

Bedford and
Bletzb ley
Buckgharash.
Clydesdale .Te.
Col. Stour \Ty.
Sud. and Hal.
E. Lin. g. 6 Pc.
Glas. Barr. &
Neils. Direct
Do. New
GletroU Dn. Fr
Hrtlpl. Dk. &
Railway •
Hull & Selby
Do. Shares.
Do. Shares.
Lon. & Greenw
Do. Preference
Lon. , Til., & S.
Lowestoft gr.
4 per cent.
Do. 6 per et.
Manch. Batn.
and Matlock
Middlesbro' &
Redcar.

Midld.Bradfd
Newmarket
Bury Exton...
N.&Est.s p.e.
Do. 6 per et.
Do. Fixeds p
Prest. & Wyre

all
all
all
all

Do. Shrs. A
Roystn.& Hit.
Shef.Roth and
Goole g. 5 p. e.
Shrews. &Her
S. Staffordsh.
Wear Valleygr
f per cent...

Its&gomrst

PREFE

Leasing
Compans

London
N. W. t.
L.&N.W.
Caledon
E. Un.
E. C
Ut.Nrthn.
CaMonism.

Do
Gt. Vfestr
Yk. New
& Berw
Y. &N M
Do
Do
S. Easton
Do
Peto & Co.

Norfolk..
Do.
L. & N. W
& Midld.
Stckton St
Darlingt.
Midland . .

En. Coun.
E. Count,

Do
Do

L. S&N.W
ticLuSali
Do

Gt Northr
Lancash
Yorksh.
T. Brassey
M. MClean
Stoat. &
Darlingt
Do

I raw,

Iberdecti
Do. No. S, 7 I k c
Blyth andTyn..Oiler
c. prof. (issd. at 5 Ot.
Bris. & E. 4 D. c. St.
Do. 4 p. C. Shares
Caledonian £lO

(Loathe Pricer
Saturday.

98 -- 100
100 -- 102

135 : 1!;7

ii io

St.
20
St.
15

Chester k., Plot:rhea",
Guar. 5i per cent
Do. do. Pref. No. 2
Do. do. Pref. No. 2
Cork &Bandonsb.c
Dun.Prth .& Ater. J
Z. Anglian Cls. ASh
Do. do. Cis. B 6 p. c
Do. do Cis. C 7p. c
'astern Counties Ex
tension, 5 p. c. No. I
Do. No. 2 .
Do. New 6 r. c. St.
East Un., G. 6 p. c.
Do. 51., 10 per cent.
'Do. 101. Debentr.Sb.
Do. do. 4 per cent
East Lancash. 6 p. ets
F,. &W. York. J. sths
Ed. Prth. &Dun. 4 p.c
Furness

Bias. & S. W. a 5 P. c.
Great Northn. 5 p. c.
Do. 5 p. c. Redeem
at 10 p. c. prom
ID°. p.e

Do. 5 P:e. Scrip, Red

all
100
9
6

at 5 p. c. pm...
Gt.N. of Scot. lst Pr&
Gt. S. &W. (Ireland)
Do. 4 per c. Pref. St
Gt. Westh. (Barks
Hants Ex. 5 p. o)
Do. con. red. 4i P.C
Do. con. red. 4 p. c
Do. irred. 4p.c.
Do. Birm. Pref. Sh
Do. Chester 8 p. c.P.S.
Do. do. 5 p. c.
Do. Birm, Gua. Stk
Do. Ches. Gua. Sh
Do. do. do
Do. do. do
Lan. & York. F. £2O
Do. 6 p. c, Stick
Lon. &Brie). 0.5 p.c.
Do. Pref., 5 p. c. St.
Do. New Guar.6 p. c.
Do. do. 5 per cent
Lon.&N. W., Coy. dr
Nuneaton 5 p. ct
Lon. & S. W. Con.3dh
Londy. & Color. Sh.
Londy. & Ennis. Sh.
Man., Shef., & Lin.

50
12
124
10

5
all
9,11
all

20
12i
25
20
St.

8i
25
10
1.0.0

tiii —lc6

12i -- 13
23 -- 24
11i -12 i

2i - 2i

••• - •••
24 - 26

58 - 60

4i
all
all
10i
100
100

too '
li
all
100

100
all
all
all
all

Now, £lO
Do. £6
:Viarypt.&Carl.4p o
Do. 4i per cent
IDo

Mid. Consol.6 p.c.St
Do. Consol. Bristol F
Birm. 6 per cent...
Do. 4i p. c. Pref. St
130. Pref. 4 per cot,
IDo. W. Pref. 4 p. c
Ditto Leicester and
Hitchen Pref. St
Norfolk Deteaturo
Do. Pref. 4 p. c. Stool.
Do. 5 p• c• Ext
IDo. 51 per ct. pref...
Do. Way. Val. 5 p. c
North British

N. E. Berw, 4 p.c. P
Do. do. do
Do Leeds 6 p.c ;No.]
Da. do. Quarters 0
Do. York &C. Pnr.

North Staffordshire..
Oxford, Worcester, n•
Wolverh. £l5, 6 p . c.

Do R. Prof. 10/. Sh.
Scot. Cent.,New Pre'
South Devon

Do. fixed, 46 per cent
S. Eastern (Reading
Ann.) of £1 Os. 6d.
Do. 46 por cent
S. Wales Gua. 4 p. c
Do. do. 46 p. c
S.Yorksh.4p.c.Gnar.
Stock. & Dar. , 5 p. c.
Do. do. do
Stock. & Hard. g.
p. c. till July 1, '56
Wuterfd. & Kilk. 6 p c

133 - 13

8 - 9
2g -

32 - 33
93 - 95

!E SHAMS.

g -- 100

93

99 - 101

3 - 4
6 - 61

- hr
13A - 14

••• •••

• • • ....." .......

60 - 63

Agua Fria .
Anglo Austrin. Gold
Anglo Californian
Australian
Australian Cordillera
Avo Maria
Baden (Gd. D uchy of)
Blaanarvon Iron and

C0a1..,..._
British Iron
Brazilianlmp.(issued
at £5 pm.)
Do. Cocaes & Cuiab,
Do, St. John Del Rey
Carson's Crook
Clarendon Cons. Min
Co. of Jamaica

•..

138 - 120

110 - 112
104 - 106
a ip
9 - 9i

Copper Min. of Eng
Do. Pref. 7i p. cent.
Copiapo.
English and Austin.
Copper Smeltg 0°
Fortuna
General

Xll Gt.Nugg etVeinßeg.
dl Great Polgooth
Ali Liberty
11 Linares
3i Do. B
Lusitani an

••• "'''' •

6 el
99 101
90
92 94
10 11
17 —17 i
104 -10 D
74 —76
19i 20.}
9 loi
14 151
137 - 139

• •• M•

Cobre Copper
Colonial Gold

all
all
all
12i
all

•2i - :-.34

131 - 14
3 - iP

139 141
98 100
4a

101 - 103
95 - 97
3i - 4

Basiress
this day.

1 ,::: id

105 - 107

131 - 14}
id -- par
23 234
99 101

32i
100-

11/ 121

16 -I 18.

... -- • ...
2 - 3p

all
all
all
5
26i

.•• - •••
2i - 214:1

i - i

Mariquitn,
New Granada
New Linares Mining
and Smelting Co._
Nouveau Monde
Pontgiband Silye'

Lead Min. & Smelt
Port Philip
Quartz Rock
Rhymney Iron
Do. Now
Santiago de Cuba
South Australian....
Tin Croft ........

United Mexican
Waller

West Mariposa
Worthing Mining of
Australia
Yuba

••• ••• J••
-1- - i
it - it

* - I

5 - 7

5 - 6

24 3i
24
28 30xd

$ - OP
58 - 60
11 - i

••• '"

iii 7 22
-

113 - 11
- $1)
15 - 17
$ -
1 -2i
7 - 7i
2 - 26
- 11)
6 -
a

16 - 17

I -
-

19 - 21
5 - 6
6t

34 - 41

BOLTS.

30 - 32

2i— 2d
57 -- 60

115 .7_ 121

6J 7

17 i

114 - 115
3 - 314
- iPI

17 = 18

s} - s

.••k -
2,1 i - •••
l

23.1
1001

•ve .... •••
t '''. 1

11f

.1$
2g - 21

MA i
3A

16 15i

•••PI
72 74 ;
2
37a 38r,'
1
-- 1

li
2i
12i

••• .... •••
1 ! 13i

37i 8