The Sun.
London, England, 1855-09-06 00:00:00

THAMES HAVEN.

The adjourned meeting of this company was held yes-
terday at the London Tavern; Mr. Lowden in the chair,
The CHAIRMAN stated that complaints had been made
by the shareholders at the last meeting that they had
not received their Tilbury stock in exchange for their
shares. The Thames Haven line was ready for traffic in
February and March last, and it was agreed that in one
month after that event they were to receive the Tilbury
stock, but some delay took place in consequence of the
Tilbury line not being ready, and there were difficulties
in the way of a settlement. Then, with regard to the
land, there was a clause in the agreement between them
and the Tilbury Company to the effect that the latter
should have the option of purchasing it at not less than
1001. per acre, the amount to be agreed upon by the
two companies. The Tilbury Company, however, had
declined to purchase it, because they bad no power to
use it. The directors had been incessantly engaged with
the Tilbury Company for some day=, and the result was
that they bad succeeded in obtaining a promise that
the Thames Haven shareholders should have their
Tilbury stock early next week, and that matter would
be settled satisfactorily. With regard to the land at.
Thames Haven, it was by position and nature only
fit for the formation of a dock. He was glad that
some of the shareholders who thought otherwise had
taken the opportunity of going down by railway to
1 Kik at it, and they foun I that one-half of it consisted of
mais'i and bog. Unless the company were prepared to
drain it and protect it Irom the title, it would he impos
sib 'e to s ell it in small lots, as stipo'ated in the amend.
ment proposed at the meeting on Wednesday last. Ile
then read a let'er ho had received iroin an eminent land
valuer, to :he effect that the land in its present state
could not be d vitled into small lots. It was boundeo
on onss side by a sea wall 1,705 yards in length, a p.Jr-
tion f which was washed away last winter. The land
was goo ! for dock porpo•es, and no other, as the exca-
vation would be useful in raising the surrounding laud
to the proper level. He (the chairman) felt convinced
th at if the mover of the amendment had seen the pro-
perty he would cot have moved that it be sold in lots.
It was peculiarly well situated for a dock, as at low
water there were 21 feet in depth for vessels, so that
they could go in and out at all times of the tide. The
Tilbury Company bad every disposition to assist them,
but they had rot the power. All that the directors of
the Thames Haven Company required was, that the share-
holders should subscribe ss. per share to pay the expenses
of obtaining an act for the extension of time, and to enable
the company to carry out the original design of making
a dock or to dispose of the property to other par-
ties who would do so. The directors would guarantee
that not more than 3s. per share should be expended in
case they did not obtain the act. They would not re-
quire any more money until the act wasobtained,
which would probably be in August, 1856. The total
sum required to make the dock would be 3/. per share,
on 19000 shares, and the borrowing powers to the ex-
tent of 8,000/. That was all they could call up, and it
was pi obable that other parties would find the money,
but it was absolutely requisite that the Thames Haven
Company should apply to Parliament for the power, as
no other company could do so with equal facility.
Some of the shareholders who had visited the land on
Saturday last expressed their approval of the plan pro-
posed by the directors.
Mr. CHAPMAN, the solicitor, explained that the risk
would not exceed 58. per share, and those who did not
like the undertaking, could sell their interest to those
who bad no objection to carry it out. The cost of con-
veying the land in small lots would be nearly as much
as the purchase money, and there might be some diffi-
culty with the title.
The CHAIRMAN stated that the whole of the directors

would resign their seats, and that new directors would
come in from the Tilbury Company, with the exception
of one or two Thames Haven directors, who would re-

main. He then said they would proceed with the ballot
on the amendment that had been moved at the la Qt meet-
ing to the effect that the land be sold in lots ; the re-
commendation of the directors being to apply the land
for the purposes of a dock and harbour.
On the votes being taken, there appeared 143 against
the amendment and in favour of the dock, and 83 in
favour of the amendment and against the dock. The
number of shares in favour of making the dock was
3.202, and against it, 1,280—majority, 1,922 slaves.'
Formal resolutions were then passed authorising the
directors to apply to Parliament for the revival of the
former powers of the company, and to place its capital
on a proper footing ; approving the call of ss. per share;
and authorising a reduction in the number of directors
and i he reconstitution of the board.
A vote of thanks to the chairman concluded the pro-
ceedings.

EAST OF FIFE.
The report of the directors of this company states
that the act incorpo'ratinq the company received the
Royal assent on the 23d of July last. They recommet d
that the works for, the construction of the railway should
be prosecuted without loss of time, so that, it possible,.
the proposed line of railway might be opened for traffic
early in the ensuing yfar. It having been considered
_ or
_in Elie to
advisable that the terminus of the railway at Kilconq h
should be changed, the directors recommend that-u
ar
deviated line be terminated near Broomlees Tile
on the south-west side of the turnpike road from
would
Work,
Balchristie. By means of the deviation z),051,
be saved in the expenditure.

MIDLAND GREAT 'WESTERN.
The gross receipts from traffic on this line, for the
half-year ending the 30th of June last, amount to
67,2061., and the expenditure to 38,3881. ; leaving a
balance cf 28,878/. The receipts on the Athlone and
Galway line amount to 12,600/., and the expenses to
7348514.) leaving a baLv.-too of 'O,ZOIL clivislcd 4 t. 16