The Sun.
London, England, 1863-05-29 00:00:00

RAILWAY INTELLIGENCE.

GREAT WESTERN.

A Wharneliffe meeting of the proprietors was
held yesterday at the Paddington Terminus, for the
purpose of considering various bills in which the
company are interested. The Right Hon. Mr. Wal-
pole, M.P., was in the chair. The advertisement by
which the meeting had been convened having been
read by the secretary (Mr. C. A. Saunders),
The CHAIRMAN explained that of the eleven mea-
sures which the shareholders had been called toge-
ther to consider, only four were in a position to be
submitted. They were 1. An Act for increasing
the capital of, and conferring further powers on, the
West London Extension Railway Company ; amend-
ing their acts ; providing for the dissolution of the
West London Railway Company ; and far other
purposes. 2. A bill for incorporating a company,
and for making and maintaining the Ely Valley Ex-
tension Railways ; and for other purposes. 3. A bill
to revive the powers for the purchase of land and
for the completion of the Milford Railway; and to
raise further capital ; and to authorise agreements
with other companies; and for other purposes. 4.
An Act to authorise the Hammersmith and City
Railway Company to make another junction with
the Great Western Railway ; and for other purposes.
The first bill was not one promoted by the Great
Western, but by the West London Extension Com-
pany, and powers were taken under it to raise a
certain amount of capital for the execution of vari-
ous works on the latter railway, and other purposes.
The arrangement was that of the sum required the
London and North Western should subscribe one-
third, the Great Western one-third, and the London
and Brighton and the South Western the other
third. The capital sanctioned and raised by the
Extension Company was £300,000 ; but the liabi-
lities of the undertaking and the necessary comple-
tion of the line required a further outlay of from
£BO,OOO to £lOO,OOO, and it was intended to sub-
scribe, if necessary, an additional £150,000 in the
proportions mentioned. It was possible that the
whole of this amount would not be required. He
then moved the approval of the bill.
The Hon. Mr. PONSONBY seconded the motion.
Mr. ADAMS, in a speech of some leng;h, opposed
the consideration of any one of the four bills, and
moved the adjournment of the meeting sine die.
Air. ALEXANDER seconded the amendment, which
after considerable discussion was put and lost by an
overwhelming majority.
The motion approving of the bill was then put

and carried.
The three other bills were severally submitted and
approved of. In neither of these three bills is there
any clause calling upon the Great Western to sub-
scribe any capital.
The meeting was then adjourned to the 12th of
June for the consideration of the remaining bills, and
another bill included in the company's notice of the
10th May, and not included in the list submitted
yesterday.
A cordial vote of thanks to the chairman and di-
rectors closed the proceedings.

iiverpool Cotton Market—This Day.

demand all
' the opening a tendency to harden in
the week, in
which has been since lost. We close quiet
prices,
tone,• but steady at last Friday's rates.
(REtJTER'. unchanged. T E LAE G
sittAema
d. )y
Sales of the week, 53,6'10 bales, including 10,210
on speculation, and 13,320 for exportation ; actual
einapQteournt,altli°,sl. Quotations of fair Orleans, 251 ;
Mobile, 25 ; Upland, 24/. Estimated middling Or-
leans, 23 ; Mobile, 226 ; Upland, 22. Estimated
fair Egyptian, 22 ; Surats, 8 to 20/. Imports of
the week, 17,272 bales. Stock, 315,800 bales.
Sales to-day about 5,000 bales. Market strong,
quiet.