The Sun.
London, England, 1853-02-24 00:00:00

RAILWAY INTELLIGENCE.

LONDON ANDS OUTH-WESTERN.
The adjourned meeting was held yesterday at the York-
road offices ; the Hon. F. Scott in the chair. The result
of the poll was as follows :-25, 477 votes for Count
Eyre ' • 25,379 for ' Mr. Uzielli ; 20,486 for Captain
Johnston ; 6,783 for Mr. Helps; 7,188 for Mr. Kay ;
and 4,377 for Mr. Snell. The three first gentlemen
were consequently appointed. Mr. Close was elected
auditor by a majority of 17,892 votes over Mr. Puncher.

YORK AND NORTH MIDLAND.
Yesterday (Wednesday) the half-yearly meeting of
this company was held in the De Grey Rooms. The
attendance of shareholders was not numerous. Mr. H.
S. Thompson, of Moat.hall, chairman of the company,
presided. The report of the directors, which had been
previously circulatedamongthe shareholders, was taken as
read, after which the two retiring directors, Mr. Alderman
Seymour and Mr. Priestman, were unanimously re-elected.
The chairman, in moving the adoption of the report,
remarked that, looking at the accounts, the traffic of the
company bad taken a very decided start. This increase
had arisen from the soundest and best of all pogsible
sources, viz., the development of traffic at all the small
stations ; and there was also a general improvement
over the whole line. The report was then adopted, and
a dividend was declared after the rate of 3 per cent, per
annum, deducting income tax, and to be paid on the 3rd
of March next. The meeting 'was then made special,
for the purpose of considering- the propriety of giving in-
creased terms to the Leeds Northern Company, in con-
nexion with the proposed amalgamation between that
Company, the York, Newcastle and Berwick, and this
company.—The Chairman moved that those terms be
sanctioned, viz., 8,9, and 10 per cent. to the Leeds
Northern Company for the first, second, and third years
of the amalgamation, and thenceforward at 10 per cent.
He was still of opinion that the terms originally proposed
were fair and equitable, but the directors thought it
would nevertheless be better to give the increased terms
rather than that the amalgamation should go off alto-
gether. Mr. Shaw, of Wakefield, asked if the competi-
tion had ceased between the three companies ?—The
Chairman said some alteration had been made. They
had reverted to the fares which were in existence before
this great competition commenced. He entered into a
variety of reasons why the directors considered the amal-
gamation would be advantageous to this company ; and
the amalgamation motion was eventually carried.—A
vote of thanks to the directors concluded the business of
the meeting.

OXFORD, .WORCESTER, AND WOLVER-
HAMPTON.

The ordinary half-yearly meeting of this company was
held yesterday at the London Tavern ; Captain Rush-
out, M.P., in the chair.

The report, the chief points of which have already ap-
peared in The Sun, was then read, and
The CHAIRMAN, in moving its adoption, said the traffic
revenue had not been during the half-year so encour-
aging as had been hoped ; but it was necessary to ex-
plain that a considerable portion of the expenditure was
owing to the arrangements with the Midland Railway,
for whose traffic this company had to provide servants.
There were, however, claims against the Midland for
mileage, terminals, and other charges, which yet re-
mained to be adjusted. In August last it was decided
that they should assist the Mid-Western Bill, the main
proviso of which was in spirit the same as the Oxford
and Brentford Bill of last session. The line, if carried
out, would be connected with the South-Western at
Brentford, and with the North-Western by a branch
to Willesden. His opinion was, that the line was
really an imperial necessity. The Mid-Western was
intended to be carried out as an independent
line, the Oxford, Worcester; and Wolverhampton being
in no degree liable for the expenditure. He believed
the wish of the proprietors of the Oxford, Worcester,
and Wolverhamptom was, like that of their directors,
that they should be an independent line. They wished
not to quarrel with their neighbours, but they would not
consent to be the helpless apanage of any other com-
pany. (Cheers.)

THOMAS seconded the adoption of the report.
Major COURT made some objection to the item in the
account for law charges, which he said was occasioned
by the endeavour of this company to free itself from the
•bligations it had entered into with the Great Western.
He moved as an amendment that it be an instruction to
the directors to re-open negotiations with that com-
pany.

This amendment was not seconded, and therefore fell
to the ground.
Mr. PARSONS (the solicitor), in answer to a question
as to the probable chance of the Mid-Western passing
the standing orders this session, said there were seven
instances in which it had been proved the stand-
ing orders had not been complied with ; but they
were in reference to most trivial matters, such as
mistakes in the Christian names of owners or occu-
piers, caused by misinformation, and would not, in his
opinion, affect the progress of the bill. He believed
the bill would be successful this year, if he could
demonstrate to Parliament that there was a bona fide
intention on the part of the company to carry out the
line, and to dispel an opinion which prevailed last year,
that the scheme was brought forward merely as a specu-
lation, to be sold hereafter, if successful, to the Great
Western or the North-Western. Should the Mid-
Western bill be lost, the proprietors would be imme-
diately called together. _

Mr: PA.nsioics4.pluinod that the agraomont. with
Mid-Western was one of tolls. The Oxford, Worcester,
and Wolverhampton traffic was to be charged tolls, the
Mid-Western to have the power of fixing the amount
until they obtained 6 per cent., but there was no gua-
rantee.

Mr. COHEN contended that this was practically gua-
ranteeing to the Mid-Western 6 per cent.
In answer to various questions,
Mr. PARSONS had no doubt before the bargain was
carried out the subject would be again brought under
the consideration of the proprietors of this company, for
that agreement, though extremely favourable to the
Oxford, Worcester, and Wolverhampton, was not so
favourable to the Mid-Western as to induce them to
insist upon it if there were any objection raised.
After some further conversation, the motion confirm-
ing the report was agreed to.
The retiring directors and auditors were then re-elected,
and after a vote of thanks to the chairman and his co-
directors, the meeting terminated.