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
Wellington and Drayton Company and the Nantwich and
Market Drayton Company were adverted to, and it was
stated that a link of only 16 miles to the Cheshira Midland,
at Northwich, was wanting to compl ,te the direct commu-
nication with Manchester. The propriety of an application
to Parliament for completing this route was considered and
agreed to.
of the ChAIRMAN, the report was
adopted.'maul-
ino°lllllnsrl.tyWheoomdo,titn 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 SECRETARY 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."

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. Re believed that such a committee
would materially strengthen the direction, and concluded
by moving the folloseing resolution :—,4 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
the outstanding liabilities, and for provid-
ing
Government the claims of this company to form a portion
of the proposed international railway, and to devise means
grolling stock, and otherwise promoting the
at,therere to be a
nlvelopment of the traffic; and that such com-
posed of Mr.Wickham, Mr. Blyth, Mr. Tegg,
Mr. Beecroft, Mr.s J. Heath, Mr. Tuffnell, Mr.
fimmomrirmt.dteaesidesdtcdeibhaiwtetaieaorcrgndotiam:
Thomas, M r. Field, and Mr.
quorum."
by the directors should intended
to be submitted to the meeting
and that Mr. Field's motion
submitted as a matter of form,t This
having
as an amendment. been agreed to,
be proposed
d.
a short discussion ensue
Mr. CONYBEARE suggestedmth
oarried unanimously.
en terminated.
The proceediuge th
seconded Mr. Field's motion, and it was
Col. EVELYN