The Sun.
London, England, 1853-05-19 00:00:00

a twelvemonth after the contractor had fairly commenced
operations.
- -

Mr. M‘LAREN asked if the proposed line to Woodford
and Loughton would interfere with the arrangement
that had already been entered into for the closing of the
capital account ?

The CHAIRMAN replied that it would not. A supple.
mental capital account would be opened for the con.
struction of this line.

Mr. Noanis complained that a sufficiently detailed
estimate of the probable cost of the line had not been
laid before the meeting, which was therefore incapable
of properly decidingt:hether the project should be pro-
ceeded with or not. The estimate of 15,0001. per mile
did not provide for the contingency of the Board of
Trade requiring bridges to be made at four level
crossings.

The CHAIRMAN said that it was unusual for railway-
bills to contain any such provision as , Mr. Norris men-
tioned. It was customary, however, in framing these
estimates, to make an allowance for contingencies, and
that had been done in this instance, the amount of the
allowance being 8,000/. With regard to over-bridges at
the level crossings, the directors had believed that they
were totally unnecessary, and, what was more, they had
also succeeded in convincing the committee of the
House of Commons that they were unnecessary. He
was satisfied that the estimate of 15,0001. per mile, or
thereabouts, would prove a correct one.
Mr. HELPS expressed his anxiety for the termination
of the hostilities now going on between that company
and the Eastern Union.

The CHAIRMAN said that the board of this company
had sought an interview with the' Eastern -Union Com-
pany, and proposed that their differences should be ad-
justed by impartial referees. Their overtures had,
however, been refused, on the ground that the period
had not arrived for entertaining them ; and therefore
they had been compelled to adopt reprisals in self-
defence.

The motion was then unanimously agreed to, and
tha,nkslaving been voted to the chairman and directors,
the meeting separated.

DUNDEE, PERTH, AND ABERDEEN RAIL

WAY JUNCTION.
A special general meeting of the shareholders of this
company was held on Tuesday, in the company's office,
Teamanshore, Dundee, for the purpose of considering
and determining in regard to a proposed agreement to
be submitted to the meeting for an extra-judicial settle.
ment of the claims and questions existing between the
company and the Caledonian Railway Company, pre-
sently forming the subject of certain actions before the
Court of Sesions, at the instance of each of the said com-
panies respectively against the other, and all matters
connected therewith. Lord Kinaird, chairman.
The report of the directors was laid on the table. We
extract the following :
" The Caledonian Railway Company have, under the
agreements between the companies, paid to this company
72,3001., including the value of the plans, which they
delivered to this company when working the line,
" The Caledonian Company- had 41so raised an action
against this company for repetition and re-payment of the
sums therein mentioned ; and, further, to have cancelled
six bills f'r 5,0001. each, delivered to this company in
respect that this company have not delivered the plant to
the Caledonian Railway Company • and also on account of
the documents themselves being illegal and inept.
" On the other hand the directors were aware that this
company raised two actions against the Caledonian Com-
pany ; the one for implement of the contracts, and the
other for damages and restitution.
" These actions have been in dependence for a consi-
derable time, and it is impossible to foresee the period
of this settlement ; and as the carrying on of such cases
and the trial of such great questions materially affect
the position of both companies, negotiations have
taken place for the purpose of arranging an amicable
and immediate settlement of the whole questions and
claims which have arisen out of the transactions be-
tween the two companies ; and the result has been an
adjustment of a provisional agreement, which will be
submitted to the meeting, and which is to the following
effect :—•

" ' 1. That the aliteement and additional agreement en-
tered into between the Caledonian Railway Company and
this company, dated February 20, 1847, and sealed with
the seals of the said respective companies, on the 21st of
November, 1847, and the two contracts between the said
companies, sealed by the seals of the companies, on the
20th November and Ist December, 1847, shall be put an
end to and cancelled.
" 2. That the actions before mentioned shall be aban-
doned, and that minutes shall be lodged in the same, so
that the authority of the Lord Ordinary may be interposed
and that all claims of every description competent to the
said companies, in any way arising out of the said agree-
ments and contracts, actions, and transactions, shall be for
ever discharged and renounced.
" 3. That the six bills before mentioned shall be de-
livered up and cancelled, and all claim under the same
abundoned, in which case no part of the plant of the
company will be delivered to the Caledonian Company.
eftenindpaell7nenessaferz disurecfhatrhgees chieateixoeensubtoyd the
bye
one
company in favour of the other shall be executed by the
" 4. That each company shall bear their own expenses,
and renunciations
lm
companies under their respective seals. "

The CHAIRMAN, in moving resolutions in terms of the
report, said that it was with extreme reluctance that the
directors had come to this conclusion. At the same time
they were of opinion that it was for the interest of all
concerned that an agreement should be come to. The
Caledonian Company had behaved far from honourably
in the matter. They had received large sums from that
company, though by no means equal to the loss the com-
pany had sustained through the connection.
Mr. A. TIMMS, director, • seconded the motion, which
was then agreed to.