The Sun.
London, England, 1864-06-02 00:00:00

IIE rEOPOLITAN.

A .Wharncliffe meeting of this company was held
yesterday at the Lludon Tavern—Mr. W. A. Wil-
kinson in the chair.

Mr. HENCHMAN, the secretary, read the notice
convening the meeting to consider four bills now
before Parliament.

Mr. BIIIICHELL, the solicitor, read the heads of
a bill authorising the St. John's-wood Railway
Company to make a railway from near the Baker-
street station of the Metropolitan Railway to St.
John's-wood and the Finchley-road station of the
Hampstead and City Junction Railway, The only
clauses affecting the Metropolitan Company were
enabling clauses authorising working and traffic
arrangements between the two companies.

On the rooti'm of the, Chairman a formal resolu-
tion approving the bill was carried unanimously.

The next bill was for authorising the Midland
Railway Company to make a short branch from
their London Extension line to the Metropolitan
Railway, near King's-cross. Clauses were inserted
in the bill enabling the Midland and Metropolitan
Railway Companies to enter into contracts and
agreements in reference to the working of traffic
over the Metropolitan Railway and the fixing and
apportionment of the iares and tolls,
A formai resolution approving the bill was car-
ried ❑nanimously.

The CIIAIR3IAN said the next bill he had to sub-
mit was for conferring additional powers on the
Metropolitan Railway Company to accommodate
traffic from other lines, and facilitate its passage
over the Metropolitan Railway. Two additional
lines were to be laid down to accommodate the
traffic of the Great Northern, the Midland, and the
Great Western Railways between King'e-cross and
Farrin-e;don-street. The additional capital required
was 1450,000, with power to borrow 1:130,600,
making together £600,000.
Mr. PARSON explained that the two additional
lines of rails from near King's-cross to Farringdon-
street would cost £200,000, and it would take 13
months to construct them. They required £lOO,OOO
to pay for the additional engines and carriages
ordered and for sheds, that left £150,000 for othkfr
works, junctions with the Midland line, and im-
proved access to the Great Northern. They had
been pressed by Parliament and the Great Northern
Company to do these works as soon as possible. The
shareholders wcald have to determine in February
next as to raising the additional capital.
A formal resolution approving the bill was car-
ried.

The CHAIRMAN said the last bill he had to sub.
mit was to enable the Metropolitan Company to
extind their line from Paddington to Notting-hill
and Bronapton, either as their own undertaking, or
as a separate undertaking, other persons finding the
capital. The line would be three miles iu length,
pass through a populous district, and form part of
the intended " inner circle railway." The capital
would be 1:1,2C0,000, and the borrowing powers
1:400,000,

A long discussion ensued, in the course of which
Mr Jones and other shareholders contended that the
company sh"ld avoid 'flaking any further exten-
sions. It was stated that some very influential and
wealthy individuals were prepared to carry out the
undertaking without any subscription from the
shareholders of the Metropolitan Railway.

A formai resolution approving the bill was car-
ried unanimously, and the proceedings concluded
with a vote of thanks to the daairtnan and director,

GREAT NORTHERN.

The adjaurned Wharncliffo meeting of this com-
pany was held on Tuesday at the King's-cross sta-
tion; Colonel Pocke, M.P., in the chair.
The CHAIRMAN said there was only One biil ready
for the approvl of the shareho!ders. It was a bill
to form into a separate undQrtaking put of the city
lioes of the London, Chatlatim, and Dauer Railway
Company, and to provide for a contribution thereto

by the Great Northern Railway Company, and for
other purposes.

The Secretary read the heads of the bi!!, so far as
they concerned the Great Northern Company. The
object was to comitruct the portion of tne city lines
from Earl-street, Biackfriars, to the Metropolitan
Railway as a separate undertaking; the capital to
be £1,000,000, towards which the Great Northern
Company were to contribute £300,000 and pay it
over within one month after the passing of the Act.
Upon the latter sum the Great Northern Company
were secured interest or dividend as a rent charge at
the rate of 31 per cent. per annum on the tolls of the
line, and also out of any money the Great Northern
might hold in respect thereof, and they had also power
to recover by distress or otherwise any deficiency
from the London, Chatham, and Doverßailway Com-
pany. The bill authorised the company to use the
said railway and the other railways of the Dover
Company from Earl-street, Blackfriars, to the Crystal
Palace at Sydenham and to Victoria-station, Pimlico.
It authorized the use by the Dover Company of the
King's-cross station.
The CHAIRMAN, in moving a formal resolution
approving the bill, said he could recommend the
shareholders to sanction it, as it would be of very
great advantage to the Great Northern Railway
Company.

The resolution was unanimously adopted, and the
meeting was adjourned to the 14th June inst., for
consideration of other bills on the list, which it was
expected would be ready by that time.