The Sun.
London, England, 1852-08-30 00:00:00

SOUTH WALES RAILWAY.
The ordinary half-yearly meeting of this railway com-
pany was held on Friday at the board room of the Pad-
dinrigtonstation station; Mr. Talbot,
a waslbot re
chairman of the board of directors in the chair.,yfotrheGslaecntroertga
The following report
Secretary:—
e,
" The directors have the pleasure to report, that th•
revenue receipts, during the past half-year, indicate
year, a
steany progress in the traffic, as compared
re-
ceipts for the corresponding year. with the
-Ex
credited for the conveyance of
mails,l Exclusive of the sum
they amount,
during the half-year ending the 30th of Jnne, 1852, to
3811. per mile—as compared with 2884 per
the corresponding period of 1851. A sum of mile during
10,0601.
was assumed in the statement of accounts for the half-
year ending the 31st of December, as a portion of a
claim upon the Post-office authorities not thetli finally
ascertained; the arbitrator to whom reference was
made awarded about 11,8001. for the services performed
a
up to that period—a lesser sum than was expected by
your directors, but to which they immediately assented.
They conceive that theyhave now just cause to complain
that after having performed an onerous and expensive
service in the moaner required by the Postmaster-
General for nearly two years, without receiving any
remuneration for it, an intimatiou should have been con-
veyed to them of the intention of the Post-office
to question the validity of the award. It is
with great satisfaction that your directors are
enabled to announce to you that a line of rail-
woy has been completed across the River Wye at Chep-
stow, and is now open for traffic, thereby perfecting a
contieuous communication from London to Swansea. By
the completion of this communication the lease of the
South Wales Railway- to the Great Western Cempauy
cemes into operation, and the rent of 30,5001. a year,
Payable ureter that lease in respect to the line between
Grange Court aud Swansea, commenced on the 191 i
July last. Upon the completion of the line to Cermar-
tileil, that rent will be inereasei to 36 5001. per annum.
Every effort is being made by the committee having the
menagetuent of the traffic of your railway, in conjunction
with the Great Western Company, to develope the mi-
neral and other traffic of the country, and your directors
have no doubt that tee great advantages of this railway
will soon be made apparent. The branch to join the
Western Valleys Railway at Newport has been opined
for traffic. The improvements in the Forest of Dean
Railway, authorised by the South Wales Railway New
Works' Act, 1851,' have been commenced, and are now
iii active progress. Between Swansea and Carmarthen
the works have been rapidly proceeded with, and your
directors have every reason to believe that that portion
of the railway may De opened for traffic by the middle
of the ensuing month. Impressed with the convietioa
;ht the early opening of the line to Milford
Haven is of great importance both the pro-
prietors and the public, and believing that that
improved position in which the company will be placed
by the completion of a continuous line from London to
Carmarthen will justify such a proceeding, your direc-
tors have given instructions that the works between
Carmarthen and Haverfordwest should be prosecuted
with increased rapidity. Under the provisions of the
bill approved by the proprietors on the 30th April last,
which has since become law, the company is auteorised
to make arrangements for the intercherge of traffic with
the T,,ff Yak Rail way Company, with the Monmouth-
shire Railway and Canal Company, and with the New-
port Dock Company. power is
also given to construct
a railway from vest Haverford? to Miltord Haven, and
the portion of the
line authorised by the booth Wales
Railway Act, 1845,
extendingl from Fishguard to the
point of divergence of the verfordwest branch, be-
comes abandoned. The
directors have well considered
the propriety of paying a dividend
l for the past half-
year, out of the funds usually
but the non-payment by they applicable to that purpose;
due to this company under the award- ma
e dof the amount
made of
the con-
veyance of mails by the umpire appointed,
ether
the intimation given that it is the intentiontog of with
the Post-
master-General to question the legal accuracy of that
award, involving a sum of upwards of 17,0004, has
duced them to advise the proprietors not to declare
dividend for the past half-year, but to reserve their
re-
sources for a future occasion."
ENGINEER'S RETORT.
" 18, Duke-street, Westminster, July 29.
" Gentlemen,-1 have the pleasure of reporting the
opening, on the 19th inst., of one line of rails over the
Chepstow Bridge, and that considerable progress has
been made with the other roadway, so that we may ex-
pect to float the second tube in the middle of September.
The works and permanent way between Swansea and
Carmarthen are making rapid progress, and there can
be little doubt of opening the railway between those
places by the second week in September. The machinery
of the coal drops at Swansea is being fixed, aud one drop
is nearly completed. A temporary apparatus was put up
some time ago, and several thousand tons of coal have
been shipped. Below Carmarthen the works are pro-
gressing, and steps are being taken for setting out the
extension of the Haverfordwest branch to Milford Haven,
for which an Act was obtained in the last session. The
improvements in the Forest of Dean Railway have been
commenced. A row station has been opened at Gat-
combe, between Neweham and Lydraey. The junction
with the Western Valleys Railway at Newport is nearly
completed. All the works between Grange Court and
Swansea are in good order. At Gloucester the new sta-
tion is nearly completed, and considerable progress has
been made with the dock there by the Gloucester and
-DallForost Railway Company.
" I am, gentlemen, e our obedient servant,
" I. K. 13MT/11EL."

From the statement of accounts it appeared that the
net earnings for the half-year, exclusive of the sum in
dispute with the Post-office, amounted to 22,3421.
13s. 7d.
The CHAIRMAN regretted it had fallen to bis lot to
ask them to assent to a report which told them that
they were not to have a dividend. He hoped this
would be the last time such a thing would happen,
but there were several reasons for doing so. The first
was the extraordinary defalcation, he could call it
of the Post-office, who, after a reference
' given against them, refused to abide by the
award.
h
e
A lgn eis
aoPRIETOR—Did they agree to the reference ?
hn:The
CHAIRMAN—The reference was entirely of
their own making and arrangement, and he feared it
was a continuous system, for he was told by the Great '
Western directors that they had been carrying the
mails for the past three years for nothing, the Post-
office having for the third time disputed their award.
Another reason was that their line, though naturally a
cheap one,was worked at a eery high rate, because having
no roiling stock of their own, they were obliged to work
it with the Great Western engines, for which they were
charged 10 per cent., with the burden of keeping
them in repair; and as most of the stock they had
was old, the repairs were very heavy. A new ar-
rangement was about to be entered info, which would
be much more favourable for the South Wales. Then
the Chepstow bridge was nearly finished, which would
add a considerable amount to their traffic, and from
the completion of their line the rent from the Great
Western would be increased. For all these reasons.
the directors thought it would be better to postpone a
dividend till another half year. He would now say a
single word upon the competing lines that bad been
talked of. A railway from Shrewsbury to Aberyst-
with would not be • line with
feeth.r to their line, by bringing a
a competing the South
Wales at all. On the contrar '
y 7 It would be a great
nt of
emou
tie& from Manchester and the manufacturingtheefore
dis-
tricts upon the South Wales line.
Iltehe bugbear
hoped they would not be frightened bY_e
1.1 bad only
of a competing line.—(Hear, bear.)e
the question of
further to bring under
their Tors, who had only
increasing the salaries of the
tgoutight was too small.
great
251. a year each, which behe
. adoption of the report,
He concluded by rooviDi,r,r; mTruswe, the deputy-
which was seconded by ."' '
chairman. ested that the forfeited shares,
A PROPRIETOR Einatit
1::,i, 8,500, should be re-issued
of which there arekast si per cent., which, he con-
as preference stoeogn
~, fi. the bright prospects of the line,
tended, woul."Dresent holders than to allow them to
at pa.
be issued - views of the meeting, and the report
for *-rn as ordinary stock ; but his opinion
did not wee
adopted.
was flea" ou apked what reason the Post-office
FigovalgT
A 'ng to settle the account with the
for refust
be better
i.
bad ,
railway i
rw CHAIRMAN said he knew of none unless it
The the
‘..„ t bat each postmaster, conscious that his tenure
leffice would be short, wished to present hie oven-
accounts to the public in as favourable a state as
possible. Lord Clanricarde wished to throw the onus
of the payment on Lord Hardwicke, and now Lord
Hardwicke wished to throw it on somebody else.
A resolution was then passed to give the auditors
501.
were a
vyoetaerd e
to
oc ht
the
en s toehaadi
romf a2o 5, 1 .a,nafter
ew h
ic
h meeting tha
na
kd
s-
ourned.

NEW COMPOSITION FOR RAILWAYS AND OTHES
CONSTRUCTIVE PURPOSES.-- Mr. Owen Williams,tof Strat-
ford, has patented a composition to be used in railways and
other structures, in lieu of iron, wood, or stone, and for build-
ing purposes generally. One of those compositions consists
of 1801bs. pitch, 41/2 gallons creosote 18Ib8. resin, lblbs. 81121,;
phur, 451bs. finely-powdered lime, 108Ibs, gYPson, and
cubic feet sand, breeze, scoria, bricks, stone, or other ....
materials, broken up and passed through a sieve with hen
der of the
inch meshes. the sulphur is first melted with 80.1bs. of the
pitch, after which the resin, and then the rentl,lgrees. and
pitch is added with the lime and glrum' bythy And stony
well stirred till the mixture boils. Ahe ear
in, when the
matters are then added, and the mixedcreoso.teto
blocks, for which
composition is ready for mouldingtine
h mode of preparing
pressure is applied. The claim
smucinhi,c79omjpoousrintaioin. , particularly the use
use
£RE HARVEST.—}larvesd the neighbouring countries.
of sulphur therein.—
ant
in some towns in procuring
operations are now in
Carlisle has been fully sup.
f\uyllhiplsrtogra
difficulty
tchurlotyughout this
consequently not risen high—ranging
some cases to 28. 6d, per day.
25., and progress in this neighbourhood,
The potato diseaseis
are
quite healthy.— Carlisle Journal.
shearerslitrloiemd sup-
plied,
sn.
and
in3d. sufficienttwageso
haveh asr
iilubdme eibnner felt
s ,
but the cereal crops
131JUNT DOWN.--On the 6th of this
anger,
near Steiner]]
AND ENNISKILLEN
IfilteafrEoke outwihnichthedeAsturostyreidanllv7illhaoguesaets Manedtzltehne,
en opened to this
It was expected the line would have be .
cannot take
for a week. or two longer, from some delay in
' finishing
place week, but we now understand thisRAILWA. T.17-is
however.
one of the
with great rapidity,
The contractors are urging on the works .
principal bridges. No time will be lost,
LormoNDERRY
Tyrone Constitution.
and are at present pushing on between this and Fintona.—
Inct
oho:An:itch'church.
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