The Sun.
London, England, 1853-07-07 00:00:00

although the weather is cold in their native habitats, the
great amount of sunlight elaborates their juices and per-
fects their wood, so that any amount of cold can be en-
dured without injury. The Cembra, pine would grow in
the most exposed places ; its wood is not equal to many
others. Riga deals are made of a great variety of pines,
and the common Scotch fir (Pinus sylvestrig rigensis)."
Nothing but a judicious examination of the soil and sub
soil, guided by experience, could determine the kind of
British trees best adapted for particular soils or situations.
All the trees will flourish in the lower valleys : in South
Derbyshire there are magnificent specimens of the oak,
the elm, and sycamore ; but the land is too valuable to
grow timber except for ornamental purposes."

RAILWAY INTELLIGENCE.

EAST ANGLIAN.

A special meeting of the holders of original shares in
this company was held yesterday at the London Tavern,
to consider a bill now before Parliament to authorize
the company to make an extension line to the quays at
Lynn, and to regulate the capital of the company ;
Mr. H. Bruce in the chair.
The CHAIRMAN said, that the meeting was convened,
in compliance with the standing orders of the House of
Lords, to consider a bill for enabling the company to
construct an extension line to the quays and harbour of
Lynn, with a view to increase the traffic and accomo-
date the merchants of Lynn. At present they bad no
place for ships to discharge their cargoes convenient to
the railway, and the result was, that vessels were fre-
quently delayed th'-ee or four d-.ys, and some of them
had to discharge their cargoes into lighters, and then
they had to be conveyed to the railway. They now car-
ried on their traffic at a great disadvantage, in conse-
quence of the station being so far from the warehouses.
The proposed extension line would pass along by the
storehouses, so that the goods, &c., could be delivered
to the parties from the railway, instead of being carted
from the railway to the storehouses. In some cases
farmers found it less expensive to cart their produce the
whole way to the quays at Lynn than to send it by the
railway, and then afterwards to convey it from the rail-
way to the stores, but this disadvantage would be ob-
viated by the proposed extension line. They would
also have a new traffic from steamers and other vessels
in consequence of the facilities they would be enabled
to afford the shipping at Lynn. The low price of
wages and food for horses had also enabled the boats
to compete with the railway, but the late rise in these
would give the advantage to the railway. Agricultural
affairs were now far more cheering than for years
past, and on the whole the prospects of the railway were
better now than at any former time. The clause in the
act of 1852 for enabling the East Anglian and Eastern
Counties Company to enter into a lease or traffic ar-
rangements was now in operation, as the Norfolk Com-
pany had not exercised their option during the twelve
months ending the 17th of June last of preventing
them. There was nothing now to prevent the East
Anglian Railway being leased to the Eastern Counties
Company. All the debts of the company had been set-
tled, and the amount of their borrowed money was
small, as compared with the extent of their undertaking.
Mr. Born), the secretary, then read the heads of the
bill, authorising the company to make a railway at
King's Lynn, at a cost of 18,0001., and specifying that
the works should be completed in three years from the
passing of the act. With regard to the capital of the
company, it was fixed by the bill at 1,600,0001. The
directors were authorised to issue ordinary stock in the
company to the holders of the Class B and C preference
shares, to the nominal amount of 269,2061. in full satis-
faction of all interest due on those preference shares up
to the 31st of December, 1835 ; after which time, the
net revenue of the company to be appropriated half-
yearly in the following order :—First, in the payment
of interest on mortgage and debentures ; 2d, on calls
paid in advance ; 3d, dividend to class A shareholders ;
4th, dividend to class B shareholders sth, to Class C
shareholders ; and 6th, the surplus to be paid by way of
dividend on the ordinary stock of the company. There
were permissive powers in the bill to enable the holders
of 6 per cent. and 7 per cent preference shares to accept
a lower rate of interest than that authorised by former
acts, the consent of four-fifths of each class of share-
holders represented at a meeting specially convened for
the purpose being requisite to enable the permissive
arrangements between the ordinary and preference
shareholders to be carried into effect.
- -

--
On the motion of the CHAIRMAN, seconded by Mr. L.
SIMPSON, a resolution approving of the bill was carried
unanimously, as was also a resolution authm:sing the
conversion of the 6 per ant. and 7 per cent. shares into
a 6 per cent. pnd 7 per cent. stock, in order to save
expense.

The CHAIRMAN then announc d that a meeting of the
7 per cent. preference shareholders would be held at 2
o'clock, and of the 6 per cent. shareholders at 3 o'clock,
to consider the bill which the ordinary shareholders had
approved of at the present meeting.
The special meeting of the 7 per cent, preference
shareholders was held at the appointed time ; Mr. Bruce
in the chair. A discussion ensued, in the course of
which it was stated that the pr' lent amount of ordinary
shares was 764,4001., and to which was proposed to be
added a nominal amount of 269,206/. in order to satisfy
the claims of the preference shareholders for interest, up
to the 31st of December, 1853, and from which time no
further arrears are to accrue ; the amount of A stock is
375,2501., of B stock 120,0001., and of C stock 70,8731.;
total, 1,600,0001.
After some/opposition to the proposed outlay at Lynn
from Mr. Kettrick, and other shareholders, a resolution
approving of the bill was carried unanimously.
At 3 o'clock the special meeting of the 6 per cent.
preference shareholders was held ; Mr. Bruce in the
chair. Some discussion ensued, in the course of which
Mr. Maclaurin warned the directors against placing the
property of the company in the clutches of the corpora-
tion of Lynn, and recommended them, before laying out
any money on the proposed extension, to ascertain
whether the corporation could lay any further claim upon
the company, and whether they would be disposed to re-
duce their present exorbitant tolls in consideration of the
company's proposed outlay, and of bringing increased
traffic to Lynn.
The CHAIRMAN said, he believed there was every dis-
position on the part of the corporation to meet the com-
pany on liberal terms.
A resolution approving of the bill was carried unani-
mously, and the meeting separated.