The Sun.
London, England, 1862-11-07 00:00:00

WELLINGTON AND DRAYTON.

The first ordinary meeting of this company was -held at
Great Malvern on Tuesday—Mr. W. Fenton in the chair.
The report congratulated the proprietors on obtaining the
act for making a railway from Wellington to Drayton, and
expressed regret at the rejection of the portion of the scheme
between Nantwich and Northwich, which was intended to
form a more direct communication between Wellington and
Manchester. The advantages of the agreement between the
Wellingten and Drayton Company and the Nantwich and
Market Drayton Company were adverted to, and it was
stated that a link of only Id miles to the Cheshir3 Midland,
at Northwich, was wanting to compl to the direct commu-
nication with Manchester. The propriety of an application
to Parliament for completing this route was considered and
agreed to.
moOunsltyhaedmopotteioin. of the CHAIRMAN, the report was unani-
Mr. Wood, the accountant of the Great Western, and Mr.
Williams, the accountant of the West Midland, were elected
auditors of the company, and Mr. G. Graham was elected
secretary. The proceedings terminated with a vote of tnanks
to the chairman.

NEW BRUNSWICK AND CANADA.
A special meeting of this company was held yesterday at
the office, Whitehall, Westminster—Mr. F. Edwards in the
chair.
The SBCRUTARY read the notice convening the meeting,
which was for the purpose of altering a financial resolution
passed at the last meeting, by omitting the words " by tem-
porary loans."

The CHAllaux stated that since the notice was issued
some of the shareholders and bondholders had generously
given the directors assistance in respect to the financial po-
sition of the company. The directors had gladly availed
themselves of their co-operation, and he would call upon
Mr. Field, who he believed intended to propose a resolution
for the appointment of a committee to confer with the direc-
tors on the financial position of the company, and to take
the necessary steps for placing the company in the position
they all so much desired.
_ _ _

Mr. J. FIELD said that for some time past the attention
of the shareholders had been directed to the possibility of
doing something to place the company in a position to be•
neflt by the proposed intercolonial railway, so as to form
some portion of that project, but their expectations in that
respect had not been fulfilled. In order to do what was
requisite, he thought it desirable to appoint a committee
who should act with the directors in carrying out the
necessary measures. He believed that such a committee
would materially strengthen the direction, and concluded
by moving the following resolution :—" That it is
expedient that a .committee of co operation, composed of
shareholders and bondholders, be appointed to join the
directors in bringing before the Imperial provincial
Government the claims of this company to form a portion
of the proposed international railway, and to devise means
for discharging the outstanding liabilities, and for provid-
ing additional rolling stock, and otherwise promoting the
immediate development of the traffic; and that such com-
mittee be composed of Mr.Wickham, Mr. Blyth, Mr. Tegg,
Mr. Stewart, Mr. Beecroft, Mr. J. Heath, Mr. Tuffnell, Mr.
by
that directors should be
Thomas, Mr. Field, and Mr. Smith, three to be a quorum."
Mr. CONYEEARE suggested that
thethe resolution intended
Mr. Field's •
teda
mtltehreoraf andfeoertmin,gmotion
amendment. This having been agreed to,
be proposed
a short discussion ensued.
seconded Mr. Field's motion, and it was
COI. EVELTN
t o
submittedbe subm
aitsas an
carried unanimously.
The pieeeedinge then terminated.