The Sun.
London, England, 1852-04-22 00:00:00

RAILWAY INTELLIGENCE.

AMBERGATE, NOTTINGHAM, AND BOSTON.
A meeting of shareholders in this company was held
yesterday at the London Tavern, for the purpose of
being made acquiinted with the particulars of a pro-
posal for the disposal of the above undertaking. Upon
the motion of -lir. Brown, Mr. Nicholson was called to
the chair.
The CHAIRMAN said the attendance of the share-
holders had been convened by circular. They would
recoil/et that in 1841 a working agreement had been
entered into by a section of the directors and the London
and North-Western Company for seven years; and at
the expiration of that term for a lease of the line, with
the option, on one side, of paying three per cent., and on
the other side of claiming four. Disapproving of these
terms, he and those with whom he acted strongly op-
posed the arrangement at the meeting at Nottingham,
and they succeeded in negativing the motion of
the directors upon several grounds, and among
others, that the course proposed was calculated
to depress instead of to increase the value of
the line, and that better terms than those which
had been submitted might be obtained. He al-
ways believed their directors undervalued the property.
His terms then were 4i per cent. from the Great Nor-
thern, and 4 from the London and North-Western, be-
lieving,' as he did, that 4 per cent. from the London and
North-Western was better than 41 from the Great
Northern.—
(Hear, hear.) It was simply a question of
'money value After explaining other offers that had
been 'nude
that about
to accept any
by. th© Great Northern Company, he stated
tlereen_ollae week ago he was waited upon by two gen-
replied he was
Westerohnnected with the London and North-
"—'°°de was asked whether he was authorised
termsno that might be offered. To this he
Huish, to see svhethe
any objection to bet. put in communication with Captain
He was then asked whether he had
might whether he could not suggest some propo-
linitsltahrenpmlyost
sitions
heckwhi
more acceptable to the proprie-
tors of Anaberte
that his only desire was to wasfor thoistphreopeeffretyct.
Subsequent interviews tooll4
but it was not until Tuesday that the Captain Lluish,
was given to the offer. lie (the e6aressary sanction
power to accept them on behalf of the airman) bad no
the present meeting was convened. shareholders, and
The terms were—the London and North-Vir
take the line and pay rent until the powers of eatern to
be obtained; to take the line from the eat of July,
purchase
when
the rent is to run at the rate ?_t 4 per cent. upon the
share capital, and so remain until the shares were paid
off at par, the agreement totwo years after be under seal, with the op.
lion to pay Off at par within ono or r the
passing of the Act, if
be
the Ana „rgat e shareholders de-
sired it, either in cash 'or in some stock of par value;
all the canal property to
be taken, and all the effects
belonging to the revenue of the company. This was a
simple and plaia offer, and no delay would take place.
After alluding to several incidental matters, the chair-
man emphatically called upon the shareholders to ac-
cept the offer, and to put an end to the vicissitudes to
which their property had been exposed, now that a fair
value was within their reach.
passed Alter some discussion, resolutions were r
ap-
proving of the terms offered, and a committee was hp-
poine.d, consisting of Messrs. Nicholson, Colman,
Hinder, and Brown, to take all necessary measures for
carrying the same into efEct.
A vote of thanks to the chairman was passed, and the
meeting separated.

LONDON, TILBURY, AND SOUTHEND.—Yesterday the
Select Committee of the House of Commons passed the
preamble of this company's Bill fora railway to Tilbury
and Southend, in extension of the Eastern Counties and
Blanktwall R„ilways. The estimate of Mr. Fow!cr, the
engireer, ant forth that the e,s!. of the proposed lines,
with steam vommunication bet weenTilbury and Graves-
end and piers, would amountle 400,0001. Clausew were