The Sun.
London, England, 1863-09-23 00:00:00

'WRIGHT STAKES

Saragossa
Harvest Mell
Gondola
Six ra.n.
BURTON HANDICAP.
Newmarket
Fanfaron
2
.•
Four ran.
QUEEN'S PLATE.
Caller Ou
Alice
1
Unfashionable 8eauty........""""""""""" 3
Four ran.
ZETLAND PLATE.
Lady Louisa
Who's-Who ......................................
Miss Armstrong ..........................
Eight ran.

TM'; EDITION

SUN OFFICE, SEVEN O'CLOCK.

SPORTING INTELLIGENCE.--This Day,

BY ELECTRIC TELEGRAPH.
TUNBRIDGE RACES-THIS DAY.
SOUTH-EASTERN PLATE.

Margery
Rubild 2

Seven ran.
MID KENT STAKES.

Gibraltar _ _____ .
Ba liverne 1
2
Lavender .
3

Six ran.
HANDICAP SWEEPSTAKES,

Fletton 1
Maubourquet ............
3
Peru

Four ran.
NURSERY HANDICAP.

Stainley
Elise
Eight ran.

YARMOUTH RACES—Tms DAY.

MEMBERS' PLATE.

Polonaise
Whitebait
INNKEEPERS' PLATE.

Xurullo
Zora 2
Pretty Bird .
VICTORIA GARDEN STAKES.

Baron of Avon
Supple .......... 2
Sanita

IiANDICAP.

Supple
1
Pounee ...
Whitebait
3
GRAND STAND PLATE.

Equinox
Baron of Avon
2
Oneida

GREAT EASTERN RAILWAY COMPANY.

A meeting of East Anglian shareholders in this
company was held yesterday at the London Tavern
—Mr. Goodson in the chair.

Mr. Owen, the secretary, having read the notice
convening the meeting,
The CHAIRMAN said the meeting was called for
the purpose of carrying out the wishes of many
proprietors of East Anglian stock, and he would.
call upon Mr. L. Simpson, one of the represe4ta-
tives of East Anglian interests at the Board of the
Great Eastern Company, to explain the business to
them.

Mr. L. SIMPSON said the meeting was held for
the purpose of exercising certain provisions in the
Great Eastern Act of 1863, by which the East
Anglian proprietors were authorised to separate
their stock in two parts, with a view to meet the
wishes of two classes of shareholders. They pro.
posed to convert one portion, or 20 per cent. of it
into a 5 per cent. stock, which would be bought by
trustees and others as a first-class security, and the
other portion of the stock, 80 per cent. into a
separate stock of a speculative character,which would
take the contingent dividend to which the East
Anglian stock was entitled. He thought the division
of the stock into two denominations as proposed
would be found an unmixed good. They had been
supported in that view by proprietors holding
£500,000 of the stock of the company, or about
one-halfof the whole amount of it, who had intrusted
him with their proxies. He had no doubt they
woull find that their stock divided would be more
valuable than in one. He then moved a formal
resolution, in pursuance of the powara of the Great
Eastern Railway Act, 1863, authorising the East
Anglian stock to be divided into No. 1 stock of
£206,721, entitled to a fixed dividend of 5 per cent.
per annum, and No. 2 stock of £826,825 entitled
to a dividend equivalent to one-half of the dividend
in excess of 3 per cent. per annum on the ordinary
stock of the Great Eastern Company which in any
half year might be declared on that stock.
Mr. ITERAPATII seconded the motion.

Mr. WILKINSON said he intended to second the
motion, and to state that it would be better for all
parties if the East Anglian A, B, and C preference
stocks were consolidated into one preference stock.
Mr. HERAPATH explained that the East Anglian
proprietors were entitled under the amalgamation
to 1 per cent. on their original stock of £1,033,546,
and also to two-fifths of the excess of dividend over
3 per cent. per annum that might be declared in
any half year on the ordinary stock of the Great
Eastern Company. He thought the present a
much simpler plan by consolidating the one per
cent. portion into one-fifth of the amount, namely,
£206,721, and making it a 5 per cent. stock. The
contingent dividend being confined to the other
four-fifths of the original stock, or £826,825, the
result to the holders with respect to dividend was
precisely the same.
Mr. SHAW, the other representative of the East
Anglian at the Great Eastern Board, said, with re-
gard to the observations of Mr. Wilkinson, that
however desirable it might be to consolidate the
A, B, and C preference shares of the East Anglian,
it could not be done under the Act without the
assent of all the proprietors. The resolution before
the meeting would require the assent of three-
fourths of the shareholders represented at the meet-
ing. The Great Eastern Board had cheerfully as-
sented to the proposition, which would do no harm
to them, but would be a great advantage to the East

Anglian proprietors.
Mr. COXHEAD could not see any advantage from
the proposed change. The present stock would
now realise 27, and he wanted to know what the
contingent stock would be worth when separated
from it. He thought it a very injudicious proceed-
ing, and would vote against the motion.
Mr. SHAW said the stock was at 24 and 24
before, but since it had risen to 27; the difference
was the present value of the contingent right, but
when the stock was divided he expected that the
price of the two taken together would be 30.
After some further observations, the resolution
was unanimously adopted, and the proceedings con-
cluded with votes of thanks to the chairman for
presiding, and to Mr. Simpson and Mr. Shaw, the
representatives of the East Anglian at the Board,
for their valuable cervices.

NOTTINGHAM, Sept. 22.—There was a fair
demand for lace yarns to-day, and a further rise
in prices took place. For hosiery yarns the
demand was not so brisk, but the extreme rates of
Friday week were fully maintained. Silks steady.
Owing to the recent advance in the price of cotton
brown nets have been put up 10 to 15 per cult. by
the makers, but this stops business.
MAGNIFICENT STABLES on the Quai d'Orsay
have just been completed, and will be occupied on the return
of the Emperor to Paris ; those in the Rue Montaigne being
abandoned.