The Sun.
London, England, 1852-05-18 00:00:00

CORNWALL RAILWAY..
ID,:IsItIE.,CTTOrIts e
;ince, Chairman.
N IC lIAEL WILLIAMS,
LL IA It MANSE L TWEEDY, Esq Truro, Deputy
Chairman.
F. P. Barlow, Esq., Director of the
W. P • • Great Western Railway.
J. .ullei , Esq., Chairman of the Bristol and Exeter
Railway.
Dr. Miller, Director of the Bristol and Exeter Railway.
T. Woolcombe,
Req., South Devon Chairman of toe Railway.
Sir A. Buller, Director of the S uth Devon Railway.
R. Cole, Esq., Director of the South Devon Railway.
Dr. Carlyon, Truro. T. J. A Robartes, Esq., M.P.,
I
W. Carne, Req., Falmouth. L inhydrock, near Bodtnin.
It. W. Fox Esq
, • ~ Falmouth. G. Smith, Esq., Trevn, Cam-
J. Gwatkin, Esq., fare Behan, borne.
Tregony. J. Vivian, Esq., Pencalenick.
The Cornwall Railway will complete the trunk line of communica-
tion between London, Bristol, Exeter, Plymouth, Falmouth, anil Pen-
zance. The length of the line will be 63 miles, extending from Ply-
mouth to Truro and Falmouth, joining the South Devon Railway at
Plymouth, and the West Cornwall Railway at Truro. It received the
sanction of Parliament in 1846; the works were immediately com-
menced ; about seven miles of the line wer3 in a very forward state,
the land for which was purchased and paid for, when the monetary
crisis of 1847 compelled the directors is suspend the works, and put
an end to the contracts which bad been entered into.
The present altered state of the money market, and the greatly
reduced price at which railway works are now being executed, have
just fled the Directors in submitting to their Shareholders a scheme
for a large reduction in the capital of the Company, and tile aban-
donment of branches not likely to yield an immediate return. This
SC;.CIIIC having received he sanction of the Proprietory, was sub-
mitted to the Board of Trade, who, by their warrant, dated the
26th of March, 1352, have reduced the share capital from 1,600,000/.
to 1,125,06,1. This capital has by the warrant been divided into
56,253 shares of 20/. each assigning to each holder of an original
share of 5' I. two shares of 201: each ; and of an original share of 251.,
one share of 20/. ; thereby reducing the liability of the shareholders
20 per cent. ; all sums of money which have been paid up on the
s'll. and 251. shares are to be deemed to be paid up on the 201.
shares, which are substituted for them, amounting to 3/. Iss. per
20/. share.
The importance of the line as the last connecting link between the
metropolis and the extreme western ports of Falmouth and Pen-
zance will be apparent.
Falmouth, it is well known, is the port of call for a large propor-
tion of our homeward bound shipping ; 1,324 vessels have called
there during the last year. The -construction of the railway, and
the extension of I.ll,.:lectrie teleVaphyvould be of immense import-
ance in the transmission of mails, passengers, cargoes, eorresdond-
once, and communication between tha first channel port and all
parts of the empire.
The dangers and delays of the channel navigation are well known
to nautical men, and are immensely increased after having passed
the Lizard. Falmouth, immediately within the Lizard, offers a safe
port accessible at all times, and in all weathers, and most easily
protected from hostile attack.
Cornwall is well known throughout the world for its mineral
wealth, abounding as it does in mince of copper, tin, lead, iron, and
other metals; a large proportion of the capital embarked in these
undertakings is provided by parties living out of the county. The
importance of the line to all persons so interested is obvious.
Its fisheries, which admit of unlimited extension, furnish supplies
to the home and foreign markets.
Its early vegetable productions are even now sent to London, and
other parts of England ; and Cornwall will become the garden for
the supply of these articles when a railway can secure their fre-
quent, uninterrupted, and rapid transmission.
Penzance, Falmouth, and the various watering-places along the
line of the Cornwall Railway, will be eagerly sought by visitors
and invalids, as soon as the railway shall be extended into the
county.
The population is remarkably locomotive in its habits, and the
large amount of local traffic attracts the attention of all persons
visiting the county.
The construction of the line involves no engineering difficulties, or
extraordinary works, and the directors have offers from responsible
contractors to take and complete the whole of the works at the price
stated in their engineer's estimates.
From the experi flee obtained in the construction of the West
Cornwall Railway, the Directors have every reason to believe the
line will be completed considerably within these estimates.
The truffle estimated at different periods, and compared with that
now realised on the South Devon line, at the eastern extremity, and
the West Cornwall at the western, warrants the Directors in stating
their firm belief that a revenue will be realised, which will yield a
high per centage on the capital to be expended.
The landowners are very favourably disposed, and will part with the
land which may be required for the line on very advantageous terms.
Several large landowners have already consented to take up the
value of their land in shares.
The importance of the line in a national point of view has been
recognised in Parliament ; and very recently by the Treasury and
by the Admiralty. The Great Western, Bristol and Exeter, and
South Devon Companies are largely interested in the Company.
The Directors having resolved to offer to the public a limited num-
ber of forfeited shares, at a discount of 3/. 15s. per 201. share, on pay-
ment of 15s. per share—being the call now made, and making
4/. 103. per share paid up—will receive applications for such shares in
the undermentioned form, addressed to the care of Messrs. r. W.
Thomas and Sons, st), Threadneedle-street, until the 25th of May
instant.
The incoming Shareholders will, in addition to this di3count, have
the advantage of the land already purchased, the works executed,
and the Act of Incorporation.
Cornwall Railway Office, Truro, sth May, 1852.

To the Directors of the Cornwall Railway, Truro.
Gentlemen,—I request that you will apportion me shares
of 201. each, in the Cornwall Rail way Company, and I do hereby
undertake to accept the same, or any less number you may allot to
me, arid to pay the call now made of fifteen shillings per share, and
all future calls thereon.
Dated this day of
Name in full .. • •
Residence . • • • • • • • • • • • • • • • • •
Business or pr• fessson .... ••••• • • • •
Date of application
Name, residence, and pro-1 •
"
fession of a referee .... "'•' • • • • "• • •

1852.

LONDON AND NORTH-WESTERN
RAILWAY.
NO.ICE of SIXTH and FINAL INSTALMENT of 251. SHARES

of 1816.
Notice is hereby given, that the Directors, in conformity with the
regulations published on the sealed certificates of the 251. Shares,
created 7th of August, 1816, have to remind the Proprietors that a
31-Vra :and FINAL INSTaLMENT of 3/ per Share becomes PAY-
ABLE in July next, and that they have ordered such Call to be paid
to one of the under-mentioned bankers, namely:—
London—Messrs. Glyn, Mills, and Co

,irmingham—The liirmingham Banking Company,
Liverpool—Messrs. Moss and Co., or the Bank of Liverpool,
Manchester—Sir Benjamin Heywood and Co., or the Manchester and

Liverpool District Bank.
on or before the Ist day of July next ; and the several Proprietors
of such 25/. Shares are required to pay such Call accordingly.
GEO. CARR GLYN, Chairman.
THOS. SMITH, Deputy Chairman.
By order,
HENRY BOOTH,
CHARLES E. STEWART,I Secretaries.
Eustou Station, London, May 15, 1852.