The Sun.
London, England, 1852-05-21 00:00:00

LONDON, FRIDAY !,

CORNWALL
DIRECTORS.
IC iTAEL WILLIAMS, Esq., Trevince, Chairm n.
a
WILMA MANSEL TWEEDY, Esq., Truro, Deputy Chairman
F. P. Barlow, Esq., Director of the Great Western Railway.
J. W. I miler, Esq., Chairman of the Bristol and Exeter Railway.
1)r. Miller, Director of the Bristol and Exeter Railway.
T. Woolcombe, Esq., Chairman of Vie South Devon Railway.
Sir A. Buller, Director of the S uth Devon Railway.
R. Cole, Esq., Director of the South Devon Railway.
Dr. Canyon, Truro. I T. J. A Robartes, Esq., M.P.,
W. Carlin, Esq., Falmouth. Linhydroek, near Bodmin.
R. W. Fox, Esq., Falmouth. IG. Smith, Esq., Trevu, Cam-
J. G watkin, Esq., Fare Behan, borne.
Tregony. J. Vivian, Esq., Penealenick.
The Cornwall Railway will complete the trunk line of communica-
tion het A eon London, Bristol, Exeter, Plymouth, Falmouth, and Pen-
zance. 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
sanct:on of Parliament in 1846; the works were immediately com-
menced; about ',even miles of the line wera in a very forward state,
the land for which was purchased and paid for, when the monetary
crisis of 1847 compelled the directors to suspend the works, and put
an nd to the contracts which had been entered into.
The present altered state of the money market, and the greatly
reduced price at which ra lway works are now being executed, have
just fi,d the Directors in submitting to their Shareholders a scheme
for a large reduction in the capital of the Company,- and Pie aban-
donment of branches not likely to yield an immediate return. This
c eme having received he sanclon of the Proprietory, was sub-
mitted to the Board of Trade, who, by their warrant, dated the
26th of 31 rch, 185), have re-' iced the share capital from 1,600,0001.
to 1,125,06 1. This capital has by the warrant been divided into
56,253 shares of 201. each assigning to each holder of an original
share of 5.1. tw., shires of 201. each; and of an original share of 251.,
one share of 201.; thereby reducing the liability of the shareholders
20 per cent. ; all sums of money which have been paid up on the
and 251. shares aro to be deemed to be paid up on the 201.
shares, which are substituted for them, amounting to 31. 15s. per

RAILWAY•

201. share.
The importance of the line as the last connecting link between the
metroplis and the extreme western ports of Falmouth and Pen-
zance will be appatent.
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 the electric telegraph would be of immense import-
ance in the transmission 9f mails, passengers, cargoes, correspond-
ence, and communication between ths' 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 mines of copper, tin, lead, iron, and
otherh,
metals ; a large proportion of the capital embarked in these
undertakings is provided by parties living out of tha county. The
importance of the line to all persons so interested is obvious.
Its fisheries, which admit of unlimited extension, furnish supplies
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
itorsthe
line of the Cornwall Railway, will be eagerly sought by vis
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 experii nee 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 trAlic 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 nelief that a revenue will be realised, which will yield a
high per centage on the capital to be expended.
Th.; 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 ; anit 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 forte
e .r
tedshare shares,
paid p
.at
_vh
a discountreceive of
applications
pli 15a.
tperion 20I.sfor
shares
s
pay-
ment of 15s. per share—being the call now made, and making
;u
the l°nsci p
erint ationed form, addressed to the care of Messrs. P. W.
Thomas and Sons, 50, Threadneedle-street, until the 25th of May
instant.
The incoming Shareholders will, in addition to this discount, have
the advantage of the land already purchased, the works executed,
and the Act of Incorporation.
Cornwall Railway Office, Truro, sth May, 1852.

R. Ito

Oa.;
!El tre

1852.

To the Directors of ire Cornwall Railway, Truro.
Gentlemen,—I request that you will apportion me shares
of 201. each, in the Cornwall Rail say 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 praeSsson ..............
Date of application .... •
Name, residence, and pro-
fession of a referee .... •••"••••• • • • • • • •

ROYAL ACADEMY (
TRAFALGAR-SQUARE.
The EXHIBITION of the ROYAL ACM EM
Admission (from Eight o'clock till Seven);
Catalogue, One Shilling.
JOHN PRESCOTT KNI

L'LECTION of ANNUITANT!
NEVOLENT FUND of the PROV
MUTUAL LIFE ASSURANCE Assocuric
London, 1840,
ELECTION of EIGHT ANNUITANTS
WEDNESDAY, the 26th, to THURSDAY, the 27th in
Tavern, Bishopsgate-street, at Twelve O'clock pi
rEosfq"Treasu
the Board,
JOHN ABEL SMITH,

_
P.11.13'
42, Moorgate-street, London, May 19, 1852.

,
F ARTS,

7 billow OPEN.

x.A., See.
• ---

On the BE
►JOT CLERKS'
Established in

4)sllPut, a°iNthEepLonfrgm
London

the Chair.

Secretary

MESMERIC INFIItE'kAR Y.
PRESIDENT.
The Right Hon. the Earl of DIXIE.
VICE-PRESIDENTS. , •
The Most Rev. the Archbishop o The Baron des mid, E.R.S.
Dublin S. H. Langs
.p.
Right Hon. the Earl of Carlisle B. Monekton
The Earl of Dunravefl Rev. Q. Sand,
Right Hon. the Earl Stanhope Rev. Channcel : are '1
The ANNUAL MEETING of the Friends anal Subscribers to this
Institution will be held at Wdlis's Rooms, frig-Millet, St. JAIReS%
on THURSDAY, the 27th instant, Aj Three o'clock.
THOMAS CAPERIT, Secretary.

WM. GARRATT'S ZEPHYR,SUMMER
COATS are now ready for inspection. great care has been
taken in the manufacture of them, and they can be had in a variety
of colours, waterproof and ventilating, commencing at 20s. each.
WM. GARRA,TT, Merchant Clothier, 19, Cornhill, facing the
Royal Exchange ; and 70, Cheapside, corner of Queen-street.