The Sun.
London, England, 1863-05-22 00:00:00

CENTRAL WALES.

A special meeting of this company was held yes-
terday at the Palace Hotel, Westminster, to consider
a bill now pending in Parliament for the amalga-
mation of the Knighton and the Central Wales
Railway Companies, and for authorising arrange-
ments between those companies, or either of them,
and the London and North-Western Railway Com-
pany.
A formal resolution approving the bill was adopted,

CENTRAL WALES EXTENSION.
A special meeting of this company was held yes-
terday ut the 'Westminster Palace Hotel, West-
minster, to consider a bill now pending in Parlia-
ment—Mr. W. F. Maitland in the chair.
Mr. Swift, the solicitor, read the heads of a bil
for enabling the Central Wales Extension Railway
Company to raise additional capital, and to make
working and other agreements with the London
and North-W ."-"way Company. The bill
authorised the company to raise £120,000 in lien of
shares that had been forfeited, and to borrow in re-
spect thereof £40,000 on mortgage ; also to make
arrangements with the London and North• Western
Company for working the traffic, subject to the ap-
proval of the Board of Trade and three-fifths of the
shareholders represented in person or by proxy at
a meeting of the company specially convened for
the purpose.
On the motion of the Chairman, a formal resolu-
tion approving the bill was carried unanimously,

NOVARA AND LAKE ORTA.
An extraordinary general meeting of this com-
pany was held yesterday at the Westminster Palace
Hotel, Mr. Sanders in the chair.
The CuwAlelatnesmwA whether
ts
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dwkwotorhuels on the
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nal itnnh eoe
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were
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advance a sum sufficient to complete the line. The
terms of Messrs. Newall and Co. were that they
would advance the sum of £34,000, taking in return
first-class bonds f0ri28,400 at 20 per cent. discount,
which would produce £22,720, and 18,000 second
class bonds at 40 per cent. discount, producing
£11,210. The company were to have the right to
withdraw the bond, if they could raise the money
on better terms before. Messrs. Ne wall advanced it.
Messrs. Newall were to have an equal number of
shares as those now issued by the company, which
were 61,250 in number. Messrs Newall did not
guarantee to complete the line for £34,000, but
they believed that estimate would not be exceeded.
There was no guarantee at present from the Italian
Government, but he thought it highly probable
that one would ultimately be given. He then
moved " That the directors be authorised to sign an
agreement with the Messrs. Newall on the terms
stated."
Mr. LEADER seconded the motion.

Mr. WARD thought the terms proposed were most
exorbitant, and would be detrimental to the in-
terest of the company. He moved, as an amend-
ment, " That the meeting stand adjourned for a
fortnight, and that, in the meantime, the offer of
Messrs. Newall be printed and circulated among the
shareholders."
Mr. SPRATT seconded the amendment.

A long and angry discussion ensued, and on the
amendment being put it was negatived, and the
original motion was carried. _ _

A poll was demanded, when there appeared for
the original motion 2,028 shares, representing 532
votes ; for the amendment 725 shares and 156 votes ;
mejority for the original motion, 1,237 shares and
376 votes.

A vote of thanks to the chairman closed the
Iroceedlngs.