The Sun.
London, England, 1863-02-07 00:00:00

RAILWAY BILLS.

Yesterday the railway bills declared to have
complied with the standing orders of both Houses
of Parliament comprised the Anglese y Central,
for a line from the Chester and Holyhead and
to the port of Amlwch at an estimated cost of
£120,000 ; Barnet and Great Northern, for a line
between Barnet and the Great Northern, and to
raise £25,000; Dublin, Wexford, and Wicklow, for
branch to Shillelagh, enlargement of stations, and
to raise £100,000; West London Extension, to raise
£150,000, the London and North-Western, Great
Western, South-Western, and Brighton subscribing;
London and North-Western and Lancashire and
Yorkshire, to increase capital by £lOO,OOO, for pur-
poses connected with the North Union and Preston
and Wyre Railways ; New Milford, for a dock,
railways, and other works near Neyland Pill at
Milford Haven, and to raise £220,000 ; Hemel
Hempstead and London and North-Western, for a
line at Boxmoor to Hemel Hempstead, at an esti-
mated cost of £20,000 ; Watford and Rickmans-
worth, for further capital and lease to London and
North-Western; Herne Bay and Canterbury Junc-
tion, at an estimated cost of £38,000 ; London and
Epsom Downs, for a line to near the Grand Stand,
and to raise £26,000; North-Eastern and Stockton
and Darlington (amalgamation); Londonderry, from
Seaham to Sunierland, for the construction of ad-
ditional lines by the Marchioness of Londonderry ;
Rickmansworth, Amersham, and Chesham, for ex-
tensions to Wendover and Aylesbury ; Ogmore
Valley, for a line from Melynevan du to Nantymoel.
The non-compliances included the North Stafford-
shire, for branches between Madeley and Drayton,
at an estimated cost of L 175,000; Sligo and Bal a
ghaderren Junction, at a cost of £40,000; and
Scottish Northern Junction.

st.:_
1.0 r
Thatt c
the
LONDON AND NORTH-WESTERN SHARE.
HOLDERS' ASSOCIA ['ION.
A circular just issuedbythisastsoe 20th in
statesciationthat the following resolutions will be proposed at the
h
gradual
meeting,
to be held on h
and continuous decline
to lti :
forthcomingn
e mis-
taken value of this property is clearly traceable
policy of the directors, who, instead of relying
on the inherent resources of the railway, and a steady
development and economioAl working of the traffic,
have sought to establish a territorial monopoly by
unwise and unprofitable exteusions and improvident
purchases, leases, and guarantees of competing com-

PRICE..... ~..4d.
STAMPED ....sd.

panics, whereby the capital has been wastefully ex-
pended, and the revenue absorbed to meet the losses
and liabilities thereby incurred ; and this meeting
is of opinion that a stop ought to be put to any fur-
ther expenditure on capital account, except such as
is necessary to complete unfinished works, and that
no further liabilities should be incurred by leasing
or in any other way subsidising competing schemes.
2. That the business and working management of
a railway require that the whole time, attention, and
energy of those engaged in it should be exclusively
devoted to the duties; and that, inasmuch as the
mode of electing directors affords no guarantee of
fitness for these duties, and as the social and inde-
pendent position of directors, citn'otned with their
private engagements, renders it impossible that they
can give that continuous attention which the work-
ing management of a railway demands, this meeting
is of opinion that the management should be con-
fided to a paid staff of officers, including a manag-
ing director as the chief, who shall be competent to
carry out the policy of the directors and conduct the
business affairs of the company ; and that the direc-
tors should confine themselves to initiating and con-
trolling the general policy, appointing the chief
officers, and supervising their proceedings by a
periodical examination and comparison of the ex-
penses and net proceeds of the various sections of
the railway.