The Sun.
London, England, 1838-05-12 00:00:00

SPORTING INTELLIGENCE.

CHESTER RACES, Way
IVESDAY, MAY 9.
The Dee Stakes of 50 soya. each, h. ft., for three years old ;
Derby weights. To start at the Castle-pole, go once round, and
finish at the Coming-in-chair.
Lord Westminster's ch. c. Sir Ralph, by Pantaloon Holmes 1
Lord Derby's ch. c. Ole Bull, by Taurus, out of Miss Clifton... 2
Sir T. Stanley's b. c. by Tramp or St. Nicholas, dam Neva ... 3
Mr. Price's ch. f. Zillah, by Reveller, out of 31orisca by Morisco 4
Lord Westminster's ch. c. Muscovado, by Pantaloon, paid.
Betting-6 to 5 asst Sir Ralph,- sto 2 agst Zillah, and 3to 1
agst Ole Bull. Ole Bull took the lead, with Sir Ralph close up,
who, when let out by Holmes, came home an easy winner.
The Stand Cup,value 100 soya., the gift of the Stand Committee,
added to a Sweepstakes of 10 sovs. each, for all ages ; three yrs,
6st. 101 b ; four, Bst. bib ; five, Bst. 121 b. ; six and aged, 9st. 21b.
A winner of the valuw of 100 sovs. in either Plate or specie, once
to carry Sibs., twice 51bs., and thrice 71b. extra. Twice round
and a distance.
Mr. Mostyn's b. m. Birdlime, aged . .Darling walked over
The following horses were drawn, and paid 10 sovs. each :
Mr. F. Price's Ludford, 6 yrs ; Mr. J. Fairlie's Zohrab, aged ;
Mr. J. Fairlie's ch. c. Abraham Newland, 4 yrs; Sir T. Stanley's
b. c. Gasparoni, by St. Nicholas, dam by Cerberus, 3 yrs ; Mr.
Buckley's bl. h. Dick, 5 yrs ; Captain Lamb's ch. c. Chit Chat, 4
yrs; Gen. Yates's ch. h. Sylvan, 6 yrs.
A Purse of 601. (in lieu of the City Plate), the gift of a portion of
the Town Council, and its Officers who are anxious to promote
the interests of the City of Chester ; three years old to carry 6st.
71b., four Bst. 411)., five Bst. 121 b., six and aged, 9st. 211) ; mares
and,,geldings allowed 31b. Heats, one mile and a half ; three
to start or no race. To close and name on the day of entry for

the Plates.
Mr. E. Peel's ch. c. Gadfly, 3 yrs G. Whitehouse 1 1
Mr. Bradley's b. h. Exorable, 5 yrs 2 2
Mr. Wise's ch. c. Contentment, 3 yrs
The following were drawn :—Sir T. Stanley's b. c. by Tramp or
St. Nicholas, 3 yrs ; Mr. Roylance's br. h. Master of the Rolls, 5 yrs ;
Lord Eglinton's b. g. The Potentate, 6 yrs ; Lord Warwick's b. c.
by Brutandorf, out of Melody, 3 yrs ' • Mr. Arrowsmith's ch. f.
Margravine by Margrave, 3 yrs ; Mr. Barrow's b. m. Catherina,
aged ; Mr. Marlow's sh. f. Fair Play, 3 yrs ; Mr. Collett's b. c.
Conservative, 4 yrs ; Lord Miltown's eh. h. Fusileer, 5 yrs ; Mr.
G. Dawson's ch. c. Aimwell by Actwon, 3 yrs.

THURSDAY.
The Marquis of Westminster's Plate, value 1110 sons. in specie,
added to a Sweepstakes of 20 soya. each, h. ft. ; three yrs, to
carry a feather ; four, Set. ; five, 9st. ; six and aged, 9st. 41b.
Thrice round the course. Three to start, or the money will not
be given.
Captain Lamb's ch, c. Chit Chat, 4 yrs... Marlow 1
Mr. J. Fairlie's ch. c. Abraham Newland, 4 yrs

Mr. J. Fairlie's br. g. Zohrab, aged
The following paid 10 sovs. each :—Lord Derby's ro. c. Parolles,
4 yrs ; Mr. Mostyn's b. m. Birdlime, aged ; Mr. Buckley's bl. h.
Dick, 5 yrs ; Gen. Yates's ch. h. Sylvan, 6 yrs.
Betting—Abraham Newland agst the field. Chit Chat took the
lead, with Abraham close up ; Zohrab taking all comfortably.
Chit Chat won his race by a neck.
The Beeston Castle Stakes of 10 sovs. each, with 50 SOTS. added by
the Gentlemen of Cheshire and the Principality ; ono mile and a
half. To close and name on the day of entry for the Plates ;
the weights to be published by eight o'clock on Tuesday evening
in the race week. The horses to be handicapped by the Stewards,
or whom they shall appoint. Three to start, or no race.
Mr. Dancalf's b. c. Drone, 3 yrs W. Jones 1
I.ord Eglinton's b. g. The Potentate, 6 yrs 2
Mr. E. Peel's ch. c. Gadfly, 3 yrs 3
The following also started, but were not placed :—Mr. F. Price's
ch. h. Ludfcrd, 6 yrs; Sir T. Stanley's gr. f. Violet, 4 yrs ; Mr.
Collett's b. c. Conservative, 4 yrs; Mr. Phillip's br. g. Harlequin,
5 yrs.—Mr. Denham's b. c. Compensation, 3 yrs, paid 10 sm. and
drew.

BRISTOL AND CLIFTON RACES, WEDNESDAY.
The Members' Plate. Heats, one mile and a quarter.
Mr. Tucker's b. in. Lucretia, 3 yrs (h. b. ), 7st. 111 b
Captain Williamson's King of Clubs, 4 yes, 9st. 91b 4 2
Mr. Rees's b. m. Wildgoose, 4 yrs (h. b.), Bst. 121 b... 3 3
Mr. Tomb's b. h. Dr. Wind, 5 yrs, 10st. 101 b
The Clifton Stakes of 20 sovs. each, h. ft., and only 5, if declared,
&c., with 20 added.
Mr. J. Day's The Skater, 5 yrs, 7st. I llb 1
Mr. Worth's Barney Bodkin, aged, Bst. 61b
A capital race.
A Hurdle Race Sweepstakes of 10 sovs. each, h. ft., with 20 added.
Heats ; the Clifton Stakes Course, with four leaps over hurdles.
Mr. J. R. Newcombe's b. c. Cannon Ball aged, llst.
111 b Mr. Powell 2 1 1
Mr. J. Stevenson's ch. g. True Blue, aged, I Ist. 111 b... 1 2 2
Mr. R. Harris's h. g. Chronometer, 6 yrs, list. 111 b.. 3 3 dr
Mr. Phelps's b. g. Walker, aged, list. 1 llb

GREAT LEINSTER AND MUNSTER
RAILWAY.

FIRST EXTENSION FROM DUBLIN AND

Yesterday the First General Meeting of the Directors
and Shareholders of this Company was held at the London
Tavern, Bishopsgate-street. The object of the meeting
was to receive the Report of the Directors. Amongst
those present were Colonel Rochfort, John Maher, Esq.,
M.P., F. B. Beamish, Esq. M.P., Thos. Wilson, Esq.;&c.
HENRY BAINBRIDGE, Esq., in the Chair.
The advertisement for calling the meeting having been
read, it was observed by the CHAIRMAN, that if the pro-
prietors would allow the Report to be presented, he was
sure it would be as gratifying to the proprietors to hear, as
it was pleasing for the Directors to be able to place before
them.
Mr. P. S. Holm, the Secretary to the Company, then
read the Report, which stated that the Directors had much
satisfaction in laying before the Shareholders the pro-
ceedings of the Company. A delay had taken place
in calling the meeting, which would be found to
have been judiciously incurred, from its affording
to the engineers an opportunity of taking advantage
of that practical information which later experience
had furnished, and which enabled them to effect a
considerable saving to the Company. The Railway
from Kilkenny to Dublin, the first extension of the
great Leinster and Munster Railway, was, as a trunk line,
capable of extension to the South and West of Ire-
land, and afforded the strongest assurance of a profitable
investment. The Report then referred to the history of
the projection of this Company, and its final success in ob-
taining an Act of Incorporation from the Legislature. It
remarked that in 1836 the question of a packet station on
the western coast of Ireland had been considered in the
Lords 4; and as Limerick was considered likely to be selec-
ted, it was found by thesurveyors of the Company, that a line
to Limerick branching from their line could with great
ease be obtained. It was also found, by their
engineer (Mr. Aher), that the line could communicate
with Cork, and the south-western ports of Ireland, by an
extension of the line, on which the steepest inclination
would be one in 500, and no tunnel required upon it. It
was also proved that branch lines could easily be effected
from Carlow to Wexford. It was observed that a Com-
mission had been issued by the Crown in 1836, for the
purpose of reporting upon a general system of railways in
Ireland, and when the present Bill had obtained consider-
able progress in Parliament, an application had been made
to postpone the Act for which the Company was seeking,
until the Railway Commissioners had made their report ; but
the injustice of this step was so apparent, and the
prospects of advantage which this railway presented
to Ireland were so great, that the Government refused to
oppose its progress, and, on the contrary, recommended
that the Act should pass. It was merely provided, that
the Company should not, for twelve months (ten of which
have already expired) extend their line beyond Sallins, and
up to that distance it should be of a certain width. Al-
though the expenses of the Company were increased by
additional surveys, yet the Directors confidently appealed
to the proprietors that the disbursements of the funds, and
the expenses of the engineers and land agents, were more
moderate than had occurred in any similar case of equal
magnitude. In January last a call of 2/. 10s. per share
was made, as the Directors were convinced that the
time had arrived when the prosecution of the
work should be commenced and continued, feel-
ing confident that they did so under circumstances and
prospects of increased advantage. It was remarked that
by the 88th clause the Directors were empowered to pay
interest at the rate of 31 per cent., so soon as 20/. per
share had been paid up and advanced. The report of the
engineers (Mr. Mac Neill, and Mr. Aher) was referred to,
for the purpose of showing the advantages in this case,
which had arisen from delay. The engineers, after stating
various points of improvement, and showing how expenses,
first calculated upon, could be lessened, remarked that
this Railway " wiil not only be the cheapest but the most
favourable line for locomotive engines of any railway
hitherto constructed or in progress in these countries ;" and
also " that the work may be executed much within this
time prescribed by the Act, and much below the
Parliamentary estimate." The Directors having quoted the
Report, observed that the line from Dublin to Kilkenny
was 73 miles, passing through a lime-stone soil fitted for
works of this kind, without a tunnel, and in which the
greatest clivity was 1 in 500. The capital of this Com-
pany was 800,000/„ with power to raise a loan of 266,000/.,
making a total of 1,066,000/. The cost of the Railway
had been originally estimated at 783,400/. ; but from modi-
fications made, the engineers confidently assured the Di-
rectors that a saving of at least 100,000/. could be effected
in the cost of making the Railway, and from which it was
evident that the whole amount of the subscription would
not be required. The call made in January, was for the
purpose of effecting the purchase of land, and begin-
ning the first eighteen miles. From the landed pro-
prietors, the most friendly assurances had been re-
ceived ; and those assurances were so general, that little
difficulty was expected in the purchase of the land re-
quired upon the formation of the line—even for a short
distance, an income would immediately arise to the share-
holders. A detailed calculation was then entered into,
(based upon an average of the present modes of conveyance
between Dublin and the various towns the line passed
through, from that city to Kilkenny), and which showed
that the income that must be derived from the carriage
of passengers, merchandize, cattle, parcels, &c. would be
at least 197,3761., and allowing 45 per Cent. for the main-
tainance of the Railway annually, 88,95.51., would leave
a profit of 108,4211., being more than 13i per Cent.
upon the capital of 800,0001. They showed that this
calculation was founded on very moderate data, and that
severalitems which might fairly be included in
it were omitted ; while obvious and certain sources
of profit were not even referred to in it, such
as the fact of the Railway passing through the
Curragh, the finest race course in the kingdom, at which
four meetings annually were held, and the Railway enabling
persons from either end of the line to reach the race course
in little more than an hour's drive : also, that the Railway
adjoined the Leinster coal district, where coal peculiarly
applicable to the use of locomotive engines was raised :
and also that from the calculation was excluded the travel-
ling for short stages, which experience had proved to be a
considerable source of income to Railways. The Report
terminates in the following manner :—" In conclusion, the
increased traffic and intercourse consequent upon the in-
troduction of this novel and admirable system of commu-
nication—the general improvement of the districts to be
traversed by the Railway—the impulse it will afford to
agriculture and manufactures, all tend to satisfy the Direc-
tors of the certainty of the remuneration to result from this
important undertaking. The Directors now confidently
appeal to the Proprietors for approbation, upon the follow-
ing statements of the receipts and disbursements of the
Company since its commencement."
The following statement of the Accounts were then read
by the Secretary :
ACCOUNT of RECEIPTS and EXPENDITURE of the
GREAT LEINSTER and MUNSTER RAILWAY COM-
PANY, to Ist of MAY, 1838 ; exclusive of Sums received on
account of Call due the Ist of March, 1838.

g. d. £ s. a

To deposits of 21. 10s. per share, on
5,736 shares issued in London 14,340 0 0
To deposits of 21. 10s. per share, on
1,b.99 shares issued in Dublin

To deposit( of 1/. per share, on 61
shares issued in Dublin

To dividends and interest received

61 0 0

19,148 10 0
710 7 6

19,858 17 6

STOCK ACCOUNT.
To sold 2,250/. Consols .
To sold 8,0001. Exchequer bills
10,374 6 7
3,523 15 8

To balance

-
13,898

LAW AND PARLIAMENTARY EXPENDITURE DURING THE
SESSIONS OF 1836 AND 1837.

By solicitors' bills in England and Ire-
land, in obtaining the Act of Par-
liament 4,494 6 8
By disbursements made (from August,
1834, to the passing of the Act, in
July, 1837), including the expenses
of witnesses, expenses of various per-
sons collecting traffic evidence, tra-
♦elling expenses, fees to Counsel, &c 2,360 19 2
By Parliamentary fees and agency 1,176 2 9
By Parliamentary printing... 520 18 3
8,552 6 10

ENGINEERING AND SURVEYING.
By engineering and surveying ex-
penses, including surveys to Lime-
rick, Cahir, and Wextord
By advertising
By office expenditure, including furni-
ture, rent, Secretary's and Clerks'
salaries for 21 years, printing, pos.
tages, stationery, porterage, carriage
of parcels, &c., in London 1,340 16 SA
By ditto ditto in Dublin
2,504 13

4,27413 9
491 13 4

556 16 9

16,380 4 5
3,478 13 1

19,858 17 6