The Sun.
London, England, 1854-11-17 00:00:00

BOROUGH HOP.

The demand for English hops is steady, at fully last
week's prices. Foreign qualities are slow in sale. The
imports are again extensive, viz., 22 bales from Havre, 291
from Ostend, 1,119 from Hamburg, 802 from Antwerp, 18
from Calais, 169 from Rotterdam, and 41 from Ghent.
Mid and East Kent pockets 151 10s to 211 Os; Weald
of Kent ditto, 151 Os to 16110 s ; Sussex ditto, 141 14s to
15115 s per cwt.

COLONIAL.
SUGAR.—British plantation has been firm but quiet this
week. Barbadoes sold at 33s to 37s 6d and at 31e to 31s
6d for low. Demerara crystalised went at 37s 6d to 40s,
being full rates. East India—Mauritius has realised 29s
to 30e. Bengal good brought 41s to 41s 6d per cwt.
Foreign Havannah has found buyers at 37s to 39s for
washed, at 33s 6cl to 37s for mid to good bright yellow,
at 31s to 32s for brown, at 29s to 32s 6d for low to fine
ditto, at 40s to 42s Gd for washed white, and at 37s to 38s
for florettes. Porto Rico low to good brown sold at 29s 6d
to 31s Gd, low to good grey at 31s to 35s 6d, low to good
grocery at 32s to 375, and fine at 37s 6d to 39s per cwt.
Cuba low
at and
28s veryo
o low soft pasty brown went at 28s to 28s
to 32s 8d for law to good brown, and at
good yellow. Brazil was taken in
t 0
00w to good brown, and at 31s to 35s
6 a6t3djs, 2
for 7e
ywellow. Refined brown lumps have been
36J da
v 6tollowa3 totossgood
or6osd dlfor
quiet at 43s per cwt.
COFFEE. _Plantation Ceylon has been very little offered.
At auction fine ord brownish brought 52s to 55s 6d, low
mid to good mid colory 52s to 55s Gd, small 40s to 545, pea-
berry 58s to 69s 6d and triage 40e to 545. Bahia has been
taken in at 42s to 44s for good ord mixed. Jamaica
sold at 46s to 49s Gd for good to fine ord pale, at 50s to
5Th 61 for fine ord and mid colory, at 52s to 54s for low
mid colory, at 62e for good, at 77s for fine, and at 31s 6d
to 45s for triage.

RAILWAY INTELLIGENCE.

NAMUR AND LIEGE AND MONS AND
MANAGE RAILWAYS.
Yesterday a special general meeting of the proprietors
was held at the London Tavern, Mr. Cary in the chair,
for the following purposes :-1. To consider a conven-
tion provisionally entered into with the Great Northern
Railway Company of France for leasing the Namur and
rLe icetgoer
el i
tnoe
be 2.
resident
To c
n rße
ne o. m i3n. a trri oon
fix
xo fhe d
the
t annualre i -
remuneration of the board of directors.
The CHAIRMAN, after expressing his regret at the un-
avoidable absence of the chairman of the board, said it
would be in the recollection of the proprietors that the
last meeting was called partly for the purpose of
amending the statutes. It was not till the 29th of
October that the king signed the convention, and they
now met for the first time under the amended sta-
tetes. At the last meeting there was a long discussion
with regard to the sum of two pounds per share due to
a great many proprietors in respect of back interest on
too Parisr forril,inalli sa
theres. purpose
Sincethatof time.
inducingthe Northern directors
o
f
France Railway Company -to consent to make some
alteration with regard to the rolling stock, which would
enable them to meet the claim ; but he regretted to say
that they failed, The financial condition of the conti-
nent had much changed since the convention was en-
tered into, and the directors of the other contracting
company said it was immaterial to them whether it was
carried out or not. As regarded the confirmation of
the convention a copy of which had been sent to all the
praonpriva erytonrse,x
th
teh
emyuws t
o old observe,hav thate to
op on h
pay nearly
te Ist day of
800,0001.
and if payment were not made on that day, they would
be placed in the dilemma of being at the mercy of the
Banque Liegeoise on the one side, and of the Northern
of France Railway Company on the other. Under all
thatth
e the
convention circumstances o fshtohneldcabse confirmede,lie tughatt itth a
that
desirable
meet-
ing. They had no other means of meeting the deben-
tures.
The convention was taken as read.
In reply to a question,
The CHAIRMAN said the sum of the convention was
that they leased the Namur and Liege lisle for the
whole term of the concession, for an annual rental of
40,0001. All but 12,000 of the debentures, which were
for 121. each, had been already taken. He then moved
a resolution confirming the convention.
Mr. Hannisosr seconded the resolution, and expressed
his belief that it was the best bargain for the company
that could be made under the circumstances.
Mr. BARROW said, as a shareholder of many years
standing, he felt great disappointment at the present
state of affairs, and thought that a much better arrange-
ment might have been made if a different course had
been pursued. The board ought to have submitted their
difficulties to a general meeting of the shareholders, and
Averye3.
should not have left everything till the middle of No-
vvbeeemnsttbiooefnr,:7o badihcn,3
bargainv °iwhen n
n department
had no option but to accept the con-
be sanctioned, he hoped the directors would make the
by taAssuming that the lease would
much
as possible inshare-
holders might at least receive the small pittance of 21
per cent., which they certainly could not do unless there
curil,inign the
orde erxpthenastetsh ase
were the strictest economy. (Hear.)
The CHAIRMAN reminded the meeting that the con-
vention had been explained and discussed at a special
meeting held last month. As to the expenses, it would
be absurd to suppose that they would be as much for a
line of twenty-one
miles as they had been for sixty or
seventy miles. The business of the company would in
future be conducted in Belgium, and the name of Mr.
Demenceau, who
would be a resident director in Bel-
gium, was a guarantee for the strictest economy.
In reply to a question,
The CHAIRMAN said the accounts showed that if the
receipts of the Mons and Manage line went on at the
present rate, there would be a net profit of 25,0001. a
year. Out of that sum 12,0001. would have to be paid
to the preference shareholders, and the remaining
13,0001., or about 21 per cent., would be divisible
among the original shareholders. It was calculated that
one or two thousand pounds would be added to the
25,0001. in the succeeding year.
After some discussion, the resolution was put and
carried.
The CHAIRMAN explained that under the amended
statutes there would be only four English directors,
the remaining three directors would be Belgians, resi-
dent in Belgium. He then moved the nomination by
the board of the three following directors to be resident
in Belgium be confirmed ; Messrs. Jean Henri Demon-
. ceau, Hyacinthe Richard Lamarche, and Alexander
Poppe,
• Mr. PARRY seconded the motion.
The CHAIRMAN, in reply to questions, said that the
Belgian directors would form a consmittee of management,
and that board meetings, at which the English directors
would be present, would be held in Belgium to consider
what had been done.
Mr. BARROW urged upon the directors the desirable.
ness of holding meetings of the shareholders in future
half-yearly.
The CHAIRMAN intimated that the board had no objec-
tion to such an arrangement.
Mr. War,Ev thought it desirable that something defi-
nite should be stated from the chair with regard to the
payment of the back interest, due to the old shareholders.
The CHAIRMAN said that subject had occupied much
of the time of the board. They had endeavoured by
every possible means to provide for the payment of 2/. ;
but he was not in a position to say that that sum would
be paid. The directors saw their way, he thought, to
the payment of 1/. on or before the 15th of April next.
The motion was then agreed to.
The annual remuneration of the board of directors was
fixed at 7001., which sum was to include travelling and
all other expenses.
The meeting then separated.

TAFF 13ARGOED.
A line of railway is in contemplation, and the act will
be applied for next session for making a railway from
the hamlet of Fforest (Glamorganshire) to Yuis Bargoed,
whence two diverging lines will be made—one to Glyn
Cynnon by a junction with the Llancalch brswch of the
Taff Vale Railway, and the other to terminute at Cefu
11 a junction With the branch,