The Sun.
London, England, 1854-04-21 00:00:00

RA IL W. 4 Y

DINDON', EitlG EiTON,. AND SOUTH COAST.
A special meeting of this company was held yester'
day at the Bridge-house Hotel, London-bridge, to coo-
sider a bill now before Parliament for'raising additional
capital .and for other purposes ; Mr. S. Laing, M.P.,
in the chair.
Mr. Sutton the solicitor, read the heads of the billy
from which it appeared the object was to enlarge the
New-cross and otiier stations, to widen the Thames
Junction line, eith a view to its being worked with
greater facility, to establish a savings-bank for the work•
men employed on the line, to raise money, and to in-
crease the rate of interest on the debenture stock and 011
the annuities from 3i to 4 per cent. per annum. The
compulsory powers for the purchase of land are limited
to two years. The ad iitional capital authorized to be
raised by the hill is 359,0701., making the total capital*
7,800,0001. The sum to be raised by the company on
mortgage is not to exceed one-fourth of the whole caps'
tal of the company. The bill also contained the De*
clau-es introduced by Nlr. Cardwell's committee for fore
warding the traffic and other purposes. All 'natter* ill
dispute to be referred to the -Board of Trade.
The CHAIRMAN, in moving the adoption of the billy
explained that the meeting was convened in compliance
with Lord Wharncliffe's standing order of the House
of Lords, which required the assent of three-fourths of
the shareholders present at the meeting. 160, 0001. of
the additional capital was required to provide.accomMo•
dation for the Crystal Palace traffic, the whole of which
was guaranteed 4 per cent. interest from the joint earn'
ings of the Crystal Palace and railway company. 131
the savings-bank arrangement the company's servants-
would be enabled, on receiving their wages, to hand
over to tie foreman any bUlll not less than is. to deposit;
in the savings.bank. The company allowed. interest at
the rate of 34 per cent. per annum on the deposits, and
it was gratifying to know that there were 450 depositors►
and the deposits now amounted to 6,4001. This was the
result of the first year's operation, and it was verf
creditable to the men who preferred saving the money to
spending it at the alehouse or elsewhere.
A discussion ensued in respect to the clause intro'
duced into the bill by Mr. Cardwell's Committee. Mr'
Herapath, Mr. Bell, and other shareholders stroll& obiected to the clauses on the ground that the ,-effee#
would be to give the g .vernment too much control over
that and other railway companies.
Mr. MAWDSLAY stated that the directors of the Lou'
t'on and North-Western Company had issued a circular
to their shareholders, requesting .them to urge every
member of Parliament they were acquainted with to
oppose Mr. Cardwell's bill.
It was proposed by Mr. BELL to adjourn the meeting
until after Mr. Cardwell's bill was disposed of, but it was
stated by the solicitor that that course might endanger
the company's bill, the chief olject of which was to rail
money to provide fur the accommodation and safety en
the pudic.
After a long discussion, resolutions were passed ap
proving the bill, and stating that although the meeting
assented to the bill, they were of opinion that the for*
warding daises ought to be dealt with as a general then;
sure, and at 't be forced by committees in the shape
clauses into private bills.
A vote of thanks to the chairman and directors cola'
eluded the proceedings.

COLEFORD, MONiVIOUTEI, AND PONTYPOOI4
The first sod of this railway was turned on Wedner
(lay, in a field on the Rhadyr Farm, near Usk, 3.101,
mouthshire. Many hundreds of persons assembled, so' the event was celebrated by rustic sports. A dinner
given by the contractor-1 Messrs. Richards, Giles, and
Gaskill, took place at the Three Salmons Inn, Usk.

MIDLAND (BRISTOL AN!) BIRMINGHAM.)
Tire narrow guage line from Gloucester to Bristol, is
addition to the bread guafze now in work, is completed;
and it appears the delay in the opening arises from the
incompleteness of the arrangements at the Brisiol ter'
minus. An entirely new jive is coimructed on the ear
row gunge by the hide of t%ie broacl gunge from Glocester
to S.,arrlish, and thence to Bristol an additional rail
laid down wit-}i„ the brlad gul:e