The Sun.
London, England, 1838-09-11 00:00:00

REPOR T.
At a meeting of Proprietors in April last, the Directors, deem-
ing it their duty, on the first occasion that offered, to submit the
undertaking to a searching inquiry, entered at length into a history
of the Company, its objects, its then condition, and its prospects.
On this occasion their duty will be limited to a summary of the
14ndThole important facts and proceedings which have since transpired,
they are happy to intimate that their Report, ough more
brief than its predecessor, will, as they hope and believth e, be quite
satisfactory to the Proprietors.
THE LINE FROM MANCHESTER TO STOCKPORT.
the The Directors stated in their former Report that the plans for
line from Manchester to Stockport were in an advanced state,
thdt were expected to be ready for the contractors in six weeks from
thltieepr,erhodis. They further stated that, in the opinion of the En-
zroa portion of the line might be completed in two years
,li, the letting
of the works.
the he plans in question, which comprise the entire line hetvreen
stretwn tovvns, excepting., that part of it which passes from Store-
._ et to Fairfield-street, were completed by the time named, and
,4°,1 the 19th May last, tenders for the execution of the works were
toavvertised for in the usual way. The contracts, four in number,
inst: sinceßien let, and the Directors are happy to say, in every
tereciainne, espectable and responsible contractors, who have en-
cheste to engagements, under which the line connecting Man-
in m to Stockport is to be completed and prepared for the public
-ay, 1840.
There
__arc two cheering circumstances to be communicated in
pari.7ee to this portion of the Railway. The one is, that by a
uetin.nni,:eLe°rninokr.seetisn effected without detriment to the line in an
Pof view, and assented to wherever necesary
82' the act of the landowners interested, a saving wills be
••vured •
the r in the construction, of 50,000/., in addition to which
.. further result has been attained, that the period fOr comple-
Lion
0,
as th ' the works will be brought within a limit of time less,
period Directors are advised, by upwards of a year, than the
to ug oscesspry to execute the line according to the Parliamen-
Z. section.
1151:11b.e other circumstance to be referred to is, that the contracts
*true been let within the estimates, and thus whilst the cost of con-
seetFtln has in the first place been diminished by the change of
141151°n, a saving has secondly been effected in the cost at which the
consturausebtieoennwuansdeesrttiamkaetneda.s compared with the cost at which its
Pup.
CFLASES OF LAND AND POSSESSION BY CON-
Th T
leth,, e purchases of land upRonACTORS. the line are
.proceeding
they
nthe
Litcre satisfactorily. The Directors do not disguise that have
stilt:l'aq difficulties to contend with in this department of their
a°7l}'; "ing to the large demands made upon them by certain land-
,-", and to claims arising out of other circumstances., but they
over"-„4PPY to be able to state that those difficulties are being rapidly
th ,:-°nle. It is but just to the landed proprietors as a body to add,
4 'in 'erY many instances the overtures of the Company have been
b'et in
,7PPoa spirit of fairness and candour ; and the Directors take this
errtunity of avowing their anxious wish to cultivate the best un-
r,,ftaading with the landowners whom the Railway may affect, and
r4,,Toeetiogtheir views to the utmost extent compatible with the pa-
The r Claims of the Company.
part oef eto,ntractors have been. severally put in possession of such
tipo, , •ne land as was immediately needful to them, and the works
-- 'e line are now actively commenced.
pantsl Directors will make it their special care to anticipate the
,; ef the contractors with regard to the possession of the re-
atril-11,;;ng land comprised in their respective contracts, so that no °b-
ee -"*" may occur to the satisfactory prosecution and timely
lliPlation of the Railway in this important district.
In en ENGINES.
Diectotineli" with the opening of this part of the Railway the
any del:" with
mention, that they have effectually provided against
Public usYeAtl the appropriation of line when completed to the
motive power,arranging for an early and adequate supply of loco-
With ' THE LINE BEYOND STOCKPORT.
portions
regard to the steps taken and in progress upon other
main in' of the line, the Directors have to report that upon the
" line between gtockport and Congieton surveyors are at pre-
sent at 'work, and that in about a fortnight the survey of that part
of th, line will be completed.
That the designs for the Stockport andCongleton viaducts are in
tourse of preparation, and that those works will shortly be alenced ; and that so soon as the survey of the line to Con
on-
letoen be
Completed, the engineer proposes to stake it out, and afterwards'
to
Proceed with the line from Rarecastle to the junction
with the
Grand Junction Railway.

CALLS.
The Directors, in conformity to their expressed intention at the
Last meeting, have made only one call, and that for the sum of 31.
l'e„fr,Share, upon the Proprietors, which call became due on the 11th
-• 4.agust last, and is now in satisfactory course of payment. ln
terreference to the future, the Directors believe that one call of 31.
share will suffice for the present year ; and there will at all
_Mies be an interval of at least three months between every two
cols' whilst the large number of shares of which the Company con-
listt have the effect of limiting each call to a moderate amount.
THE DIRECTORS. 4414° /araucies having occurred in the Board by the deprivation
111... services of John Chippendale, Esq., and J. C. Dyer, Esq.,
(47risr Vaces have been supplied by the appointment of George San-
Provl f-'59., and Henry Newberry, Esq. ; and in pursuance of the
the lari of the Act which requires that at the present meeting of
anion "'Pally five of the Directors (to be determined by Ballot
11,e_R themselves) shall go out of office, the following five gentle-
-441,
sretire from the Direction, but are eligible to be re-elected,
P IY--R. C. Sharpe, Esq., J. P. Westhead, Esq., H. Tootal,
41. .1
L,' G. Frost, Esq., and Edward Swanwick, Esq.
I "t ACCOUNTS OF THE LATE COMPANIES.,
141 reference to these accounts, it will be remembered that at the
bott ;lilleeting of the Proprietors, the Directorsistated that they were
Port the able, owing to some disputed and unsettled claim, tsoz;
been
..._ee total sum expended. The amounts, however, have o.f (44,!rtamed, and the Directors are happy to state, that instead
(as the had intimated to the Shareholders, on a former oetc_ao-
Cern,,"as probable) resort being necessary to the funds of the
°t to an extent, in addition to the deposit paid upon the
_
that of Perhaps 10s, per share, the sum will not exceed one-half
The "101111 t.
Jillv , a,cealints of this Company have been made up to the 31st
.
beror'jilthu_it statement of the receipts- and expenditure will be laid
1,11 Meeting.
, This ; EXTENSION RAILWAY.—TRENT LINE.
~_‘roth,,4 a subject which, though it be somewhat informal to in-
-thej„,•-, at this meeting' the Directors cannot forbear alluding.
ed ,r.s,rests of the Proprietors of this Company are deeply iden-
lore Cita the success of the Trent line, and the Directors there-
-14 theaYs rtlach pleasure in communicating that the arrangements
es
"aa%tro aPplication to Parliament next Session to authorise
cs_
4cti,riletion of the railway, are progressing in every respect saeir-
takin • The demonstration of opinion in favour of the und d
by A at a t
siroile own s meeting in Manchester, has been followed
to from r exuressiens conveyed in the form of a published decla-
to it, . v the „iie inhabitants of the various places upon and near
"usinesr.°Poted railway. To those indeed who reside, or whose
°lMin2 it, carried on in the district of the Trent line, the
o
Rreat r °. the Grand Junction Railway has
.been a source,
ostf
eetireeenvenience inmnch as it has deprived them l
,i'Pketr, °f the different coaches which formerly traverrda mthat
1 or,' has left them only occasional and uncertain means.
this
.41-31"1". The landowners themselves largely share in
" tl 1%
°"vaience, and hencethe repugnance with which many
4PPrZi.were wont to regard any railway passing through. or
(.1,,',!0ee e."ln: their estates has given place to a feeling of acTnes-
'ne til'n) their
not unfrequently support of such undertakings.
Prol,rietiroectors, in their communications with various of the landed
6•lagtiiners' have found this altered tone ; and they entertain a
co nee'
expectation that by the time the Parliamentary Session
their nees, they shall have obtained a very general concurrence in
Nnerr,,jet• Even when least favourably regarded by land-
that the construction of the Railway is treated merely as a
that th 4 of
time. The Directors however
.consider, and they hope
115zitine, e Legislature will consider the proper time to be the present
on4nodf that no reason can be shown or exists wherefore
. the con-
°c post olanchester and of the manufacturing hives around should
test as, for a season. Of this, at all events, the meeting may
I:hildin)
a,tuture,, that the Dii:ectors of this Company, whose sphere of
st susers also to the Extension Railway Company, will not,
s*e alned by the confidence of the two bodies of Shareholders,
1,4 seeearti:f. or relax in their cexertions until they have
. succeeded
Lati'l43 g a Parliamentarysanction to the Trent Line, and have
r,naaftilei!he last link in the'great chain of Railway communi-
..,ANciipQ,laitchester to London DANy;'" 'ER AND 13IRM"
31st, 18,38`" . STATE EN r
ItZCRIPTS.

,1.11,121
shayon 29, R. S. d.
• 155
Posit of ........... 0 0
i additional
hntere t ......... ..• 90 0 0
aki• frs or' calls . 165 °4' Bankers.... 1,6
15 3600 1 1

R6;65
,0 4