The Sun.
London, England, 1852-04-22 00:00:00

RAILWAY INTELLIGENut4-

AMBERGATE, NOTTINGHAM, AND BOSTON.
A meeting of shareholders in this company was h, Id
yesterday at the London Tavern, for the purpose of
being made acquainted with the particulars of a pro-
posal for the disposal of the above undertaking. Upon
the motion of Ar. Brown, Mr. Nicholson was called to
the chair.

The CHAIRMAN said the attendance of the share•
holders had beea convened by circular. They would
recollect that in 1841 a working agreement had been
entered into by a section of the directors and the London
and North-Western Company for seven years; and at
the expiration of that term for a lease of the line, with
the option, on one side, of paying three per cent., and on
the other side of claiming four. Disapproving of these
terms, he and those with whom he acted strongly op-
posed the arrangement at the meeting at Nottingham.
and they succeeded in negativing the motion of
the directors upon several grounds, and among
others, that the course proposed was calculated
to depress instead of to increase the value of
the line, and that better terms than those which
had been submitted might be obtained. He al-
ways believed their directors undervalued the property.
His terms then were 41 per cent. from the Groat Nor-
thern, and 4 from the London and North-Western, be-
lieving, as he did, that 4 per cent. from the London and
North-Western was better than 41 from the Great
thatiG n aboutad e
Northern.—(Hear, hear.) It was simply a question of
money value. After explaining other offers that had
Vernon abywetehke
aGgroeheet NwoarstNhvearintedConmpopnanyby, hetw ostgaetend.
one connected with the London and North-
W estern
any objection twonbobetet..
to accept any he was asked whether he was authorised
replied he jasterms that might be off.letl. To this he
Ho was then asked whether he had
put in communication with Captain
sitions which might
tebr he could not suggest some propo-
Huish, to see
tors of the A.mbergatee more acceptable to the proprie-
that his only desire was to His reply was to the effect
Subsequent interviews took get the most for his property.
but it was not until Tuesda Place with
memosncouvened. the shareholders, and
Captain Huish,
Chairman)ne e ss. necessary slb nacdt was given to the offer.
power to accept the no
the present meeting
The terms were—the London and North-Western to
be obtained; to take the line from thP veers
of purchase
11h-l*:tih:(ottht.tehP
o Ist of July
the rent is to run at the rate of 4 13,:r cent., when
upon the
share capital, and so remain until the sear,s w
off at par, she agreement to be under seal, sei,hetrheepa °id
tion to pay off at par within one or two years after the.
passing of the Act, if the Ambergate shareholders de_
sired it, either iu cash or in some stock of par value;
all the canal property to be taken, and ell the effects
belonging to the revenue of the company. This was a
simple end plain offer, end no delay would take place.
After alluding to several incidental matters, the chair-
man emphatically called upon the shareholders to ac-
cept the offer, and to put sn end to the vicissitudes to
which heir property
had been exposed, now that a fair
value was within their reach.
Atter some discussion, resolutions were passed ap-
proving of the terms offered, and a colimittte was ap-
point, cl, consiating of Messrs. Nicholson, Colman,
Eliedes, and Brown, to tyke all necessary measures for
carrying the same into eff,e.
A vote of thanks to the chairman was pasted, and the
meeting separated.

LONDON, TILBURY, AND SOUTHEND.—Yesterday the
Select Committee of the Roue of Commons passed the
preamblo of this company's Bill. for a railway to Tilbury
and Southend, in extension of the Eastern Courvies and
BlackwallAys. The estimate of Mr. Fowler, the
engineer, set forth that the cost of the proposed lines,
with steam communication between Tilbury and Graves-
end and piers, would amount to 400,0001. Clauies were