The Sun.
London, England, 1852-09-10 00:00:00

THE SUN, LONDON,

to Faversham, with a branch to the creek, and from
Faversham by Sittingbourne, Rainham, Gillingham,
and Chatham, to a point near the bridgo at Rochester,
and thence by a continuation line across the Medway,
to a point of junction near the present terminus of the
North Kent line at Strood, thereby completing the direct
North Kent line.
" 2. That the capital be 600,0004, including the price
of the land.
" '3. That as the capital account of the South-Eastern
Company is understood to be closed, they be not called
upon to contribute to such new capital.
" 4. That, as the object and desire of the landowners
is to act in accordance with the South-Eastern Company,
provisions he made in the Act of Parliament to be ob-
tained for constructing the line, to lease the same when
made to the South-Eastern Company for a term of seven
or fourteen years, or such other term as may be agreed
on with them, at a rent equal to 3 per cent. on the capital
expended, but not exceeding 600,0001., and at such fur-
ther rent as shall be equal to half the profits, after
allowing for such 3 per cent. and working expenses;
including therein a reasonable allowance for the use and
wear and tear of the rolling stock of the South-Eastern
Company in working the line.
" 5. That all necessary provisions be inserted in the
Bill, in accordance with the South-Eastern Company, to
insure the efficient service of the line, having regard to
the interests of the public, for whose benefit the same is
intended.
"' 6. That Lord Sondes, Sir E. Dering, M.P., H. P.
Gipps, Esq., M.P., C. M. Lushington and E. Twopeny,
Esqrs., be a subcommittee and deputation for the pur-
pose of submitting the above proposals, in conjunction
with Mr. White, to the chairman and directors of the
South-Eastern Company, and of meeting and conferring
with them, and making the necessary arrangements for
carrying out such proposals.
"' 7. That on reference to tho chairman's letter to
Mr. White, where ho points out the necessity of consult-
ing the proprietors of the South-Eastern Railway Com-
pany, this committee trusts the directors will, by early
communication with the deputation, be enabled to con-
sider and form their opinion on the proposals, as to sub-
mit them to the ensuing meeting of the proprietors;
and that in submitting the same to them they will point
ou" a
proceedings
it
before appears
the fromHouse
thoef
Commons
printed
inB ofs
the
1846, and 1847, a line from Strood to Chilham, through
.
the same district was projected by the South-Eastern
Railway Company, the estimated cost which ofnot
less than 874,0001.; but that here
600,000/. the cost is limited to

i" (b.) That at that period the company were
to raise the money, but here it is raised independently
of them.

the ‘co(mc.)paT company with
to enable the committee to approach
with confidence, they have already sub-
mitted their estimates to substantial and well-known
contractors, who have agreed to undertake the construc-
tion upon their basis.
" ' (d.) That of 24,000 shares of 251. each, the com-
mittee:havejalready placed 18,000, and have also entered
into arrangements for a due placing and distribution of
the remaining 6,000.
" ' (e.) That they will be prepared to sustain their
plans and estimates in Parliament; but that the limit of
31, per cent. on the capital of 600,0001. will give a re-
turn of 5 per cent. on the capital, calculated on the
traffic as estimated by the South-Eastern Company at
the period above referred to, without taking into ac-
count any increase of traffic since that period; but if
taken into account, a return of six per cent,
" ' (f) That the construction of a direct line from
Canterbury to Strood will of itself be a vast accommoda-
tion to the country about Deal, Sandwich, Ramsgate,
Margate, and Canterbury, by reason of its shortening
the distance from Canterbury 21 miles, and the time in
proportion, and thereby effecting a great saving to the
South-Eastern Company in respect of their present ser-
vice of the Reigate and Ashford line to those places.
" ' (g.) That the company by acceding to those propo-
sals, will thereby fulfil their pledges to Parliament and
the public to complete the railway service to the coun-
try between Strood and Chilham—pledges the fulfilment
of which has been for so long a period the anxious de-
sire of the inhabitants of that part of the country and of
the public at large, as evinced by the numerous attempts
which have been made to have them fulfilled, and in
which desire the committee understand the South-
Eastern Railway Company to participate.
" ' 8. That the consideration of the branch to Maid-
stone be postponed for the present.'
"Agreed also—

" That the deputation be requested at once to confer
with the Board of Trade, and to submit to them a copy
of these proposals, and to suggest that they act as media-
tors in the event of any point arising between this com-
mittee and the directors as to the mode of effecting the
desired object; and that in every respect the Board of
Trade be considered as referees, to whom the committee
will be ready to submit the consideration of the subject.'
" On behalf of the Chairman,
" C. MANNERS LITSHINGTON."

3111. MACGREGOR To MR. CHARLES LUSHINGTON.
(Copy.)
" South• Eastern Railway, London Terminus,
August 5, 1852.
" Sir,—l have the honour to acknowledge the receipt
of your letter of the 3d instant, on the subject of an
East Kent and Maidstone Railway Company, and pro-
posing a meeting between the directors of this company
and Lord Sondes, Sir Edward Dering, Bart, M.P.,
R. P. Gipps, Eq., 1.P., Mr. Twopeny, and yourself,
as a deputatio❑ to bring certain resolutions, passed by a
committee of landowners interested in the promoting
the projects of the proposed company, before the di-
rectors of this company, and suggesting that the
engineer of the proposed company should...accorapany
the deputation.

" The directors will be prepared to receive the
deputation on Thursday next, the 12th instant, at any
time that you may fix, from half-past ten to one o'clock.
" The directors do not propose to receive the engineer
on this occasion, as, in their view, communications with
him can only be useful after a previous examination of
plans and other preliminaries.
" I have to request that you will not infer, from the
immediate acquiescence of the directors in the proposed
interview, any assent on their part to the propositions
contained in the resolutions of the landowners, of which
you have been so good as to hand me a copy.—I have
the honour to be,
Sir, you most obedient humble ser-
vant, " J. MACGREGOR.
" C. Manners Lushington, Esq., &c."

THEATRE ROYAL, HAYbiARKET.
Mr. B, Webster, Sole Lessee eEevrdiandLManager, Old Rrompton.
,TG,
Will be performed the celebrated Adelpbt Drama of JACK SHEP-
PARD, by Mrs. Keeley. Messrs. Paul Bedford, S. Emery, and 0.
Smith ; Miss Laura Honey, Miss Ellen Chaplin, ecc,
To conclude with the celebrated Comedy of PAUL FRY.

BEZIERS TO GRAISSESSAC RAILWAY,
Joining the Bordeaux and Cette Line at Beziers.
Capital 720,000/. (18,000,000 f.), in 36,000 Shares of 201, (5000 each
Deposit 2/. (50f.) per Share.

•BOARD OF DIRECTORS.
MM. VICOMIO de l'Espine
Marquis de St. Peri
Carteret, ancien conseiller d'Etat
David, aine, Poitiers
Sabs.tier d'Espeiran, Montpellier
p. Monteaux, Paris.
With power to add to their number.
BANKERS.
In London—Messrs. Barclay, Bevan, and Co.
In Paris—Messrs. Greene and Co.
AGENTS IN LONDON.
Messrs. Monteaux, Schulhoff, and CO.
SECRETARY PRO TEN.
W. F. Ingelow, Esq.
Offices, 17, Gracechurch-street.
The concession of the above Railway is obtained. The Decree,
signed by the President of the Republic, is in the hands of the Minis-
ter of Public Works, and will be deflaitive as soon as the usual for-
malities have been fulfilled.

The required caution money Iva/a paid on the 2Gth ult., by the Con-
c essionnaires.

The grant is for 99 years.
The line going through a wealthy and populous district, 'both
agricultural and manufacturing, will join at Beziers the Bordeaux
and Cette Railway, as well as the " Canal du 311idi," the distance
being 38 miles.

It establishes a communication, long wished for by the Government,
between the rich collieries of Graissessac and Agde, Cette, Marseille,
Toulon, and by these ports with the whole Mediterranean, as giving
great facility for supplying the French navy with coal.
The proprietors of the cool mines have already proposed a. treaty,
securing to the Railway Company a minimum of transport of 100,000
tons per year.
This certain source of revenue, added to the actually existing
traffic, taken from official returns transmitted by the Prefecture of
the Department de Pllerault, insures a dividend of at least 6 per
cent. for the first year ;* bat the quantity of 100,000 tons will soon
double, and taking into account the usual increase consequent upon
the establishment of railways, the passenger and merchandize traffic
will augment in a like proportion.
An experienced English Engineer, Mr. Charles Hutton Gregory,
who was sent by the Coneessionnaires to examine carefully the lo-
calities, plans, estimates, &c., &c., gives in his professional report the
following opinion on the subject:—
" I have no hesitation in saying that the more I see of the pros-
pects of this line, the more promising they appear to be ; and I be-
lieve that you would be speaking much within the bounds of mode-
ration in assuring an ultimate interest, within a short period, of
more than 10 per cent. on the capital."
This railway has been considered so worthy of attention that, in
1846, the "Ingenieurs des Ponts et Chaussees" traced it out by
order of the Minister of Public Works. The direction of the line
then proposed, with the important modifications resulting from
the recent surveys made for the Concessionnaires, has been the
basis adopted for the treaty passed between the Government and
the Concessionnaires.
The Concessionnaires have entered into a contract with responsible
contractors, who have undertaken to establish the line, construct
the works, the rolling stock, the whole, according to the " Cahler
des Charges," at a price within the proposed capital, viz., for
the sum of 16,800,000 f. Ibis contract, according to the agree-
ment with the Concessionnaires, is made over by them to the
Company, thus giving the assurance that the capital cannot be
exceeded.
The deposit will be paid into Messrs. Barclay, Bevan, and Co.'e,
and will be remitted to the Directors in France by Messrs. Mon-
teaux, Schulhoff, and Co., on receipt of the certificates of the consti-
tuted shares.
Interest at the rate of 4 per cent. will be paid daring the con-
struction.
Applications for shares to be made to Messrs. Monteaux, Schulhoff,
and Co., 17, Gracechurch-street ; and Mr. T. L'Zielli, 75, Old Broad-
street.
To the Directors of the Beziers to Graissessac Railway.
Gentlemen,—l request you will allot me shares in the above
Railway, and I agree to accept the same, or any less number that
may be allotted to me, and to pay the deposit thereon.
I am, gentlemen, yours obediently,
Address ...... •••••• • • • • • •
Date .......... • • ..... • .....
Reference •••••••• • • • • '' • •

* Traffic as it now exists on the road, without increase f. 457,500
Goods : 65,000 tons at 7!- cents. per kilom - -
Travellers : 400 a day upon an average of 40 kilems,
at 365,100
G% cents. - ------ -
Cattle _ 75,000
Coals : 100,000 tons, calculated at the tariff price of 15
795,000
cents. per kilom - - - - -

f. 1,722,530
Deducting 40 per cent. for werking expenses - 689'000

Or about 6 per cent. - - - - - Net. C 1,033,500
e transport of coals
In the above estimate of probable receipts, th
calculated upon 100,000 tons minimum already secured to the
is
Company, but this quantity will soon be greatly exceeded.
The Government Engineers have stated that the production of
of the department where these coals can be brought
to is valued at
the Gratssessac Collieries can reach 400, 000 tons. The consumption
530,000 tons, independent of the quantity wanted at the ports for
seaAnselosifileceial. mlnistre de la Marine,
document, signed by M. Ducos,
declares that the Government Commissioners appointed to make
comparative trials of French coals, have found Graissessac coals the
best adapted to steam-ships. A:professional analysis of the said
coals, made in London by 1\ li. Harman 11. Lewis, and by Mr. R.
Maugham, has fully confirmed that moat.
Their good :quality thus insuring a large sale, the coal traffic
cannot fail to bring before long
a much higher revenue than above
stated.
London, September 4, 1852.

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