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

By incidental expenses, including tra-
♦elling expenses, commission, and
interest

Total Expenditure .

By balance

183 G.
April. By purchase of 4,0001. Consols 3,675 15 3
May. By ditto 10,000/. Exche-
quer bills
-- 13,898 5 3

The CHAIRMAN remarked, that if any gentleman ha(
questions to ask either as to the management of the con

cern, or that which respected the engineers, they were there I
most ready and anxious to answer them. •
LAVIE MYrII moved that the reports and ac-
counts submitted to the meeting be adopted and printed for
the use of the Proprietors. In proposing this resolution
he begged to observe, that he could not refrain from ex-
pressing the very favourable opinion he entertained of
the report which had just been read to the Shareholders.
He thought, whether that report was to be taken
by itself, and considered as to its details, or whether
it was to he compared with other productiOns of
other similar Companies, it might safely be pronounced
as highly creditable to the Board from which it
had emanated, and very satisfactory to the body to which it
had been addressed.—( Hear, hear.) With regard to the
economy in the disposal and management of the funds, and
the temper and discretion exhibited by the Board of Di-
rectors, from the commencement of the undertaking to its
present condition, they afforded an instance, a very rare
instance, both of faith and ability, in an age when faith and
ability were by no means uncommon in matters of this
kind.—(Hear, hear.) The conduct of the Board had
been most advantageous to the Proprietors, and it must
terminate in the complete success of the proceeding, pro-
vided it were favoured with the same attention which had
hitherto been bestowed upon it.
Mr. WILSON seconded the motion, which, as well as
every other subsequent resolution, passed unanimously.
Colonel ROCLIFORD proposed a vote of thanks to the
Directors for the able and judicious manner with which they
had conducted the undertaking:, and for establishing before
Parliament, by the most satisfactory evidence, the mercan-
tile and engineering capabilities of the line. He was, he
said, very happy, as an individual, to bear his testimony
to the zeal and discretion which the Directors had shewn
upon this occasion. He had himself attended for many
days before the Lords and Commons, and could say, that
while nothing was neglected on their part, the engineers and
solicitors '.discharged their respective duties in the most
satisfactory manner.—( Hear.) The details which had been
gone into did not require any addition, and yet he could
not help remarking that upon the very first portion for
this line—that to Sallins being executed—great profits
must accrue to the Company, because at that point would
be found to meet the passage boats plying on the Grand
Canal for the carriage of passengers to Limerick, Bath-
nasloe, Mount Mellick, and Athy. To enable the passen-
gers to get that far by the canal occupied nearly five
hours (on account of the great number of locks) while by
the railroad the passengers would be carried there in three-
quarters of an hour. The facilitating the passengers
so much on their journey would be a source of great
profit to the railway, and of vast advantage to the
Canal Company.—( Hear.) Then by looking to Kilkenny
they must perceive, that through that city passed all those
going from Dublin to Waterford, Clonmel, Dungarvon,
and the whele of the south of Ireland.—( Hear, hear.) He
wished to observe that notwithstanding all that had been
said of the Irish and of their idleness, that he had lived for
40 years amongst them, and he could say thatthere was not
a more industrious people upon the face of the earth.—
(Hear.) Let it only be shewn to them host-they were
to get any thing to do. But then to expect a man
with a family to work, and obtain no profit from
his labour, was an absurdity.—(Hear.) By opening
lines of Railway, and thus giving an impulse to
trade, and a profit to labour, they were in his opinion con-
ferring upon Ireland the very best Poor-law it could have.
Mr. E. HORNAGE seconded the resolution. He ob-
served, in' reference to the solicitors, that he could not re-
frain from expressing the satisfaction he felt at noticing the
little expenses which had been incurred by their means.
A great deal of thanks were due to the Directors and
Chairman for the selection they had made, and for the
manner in which the duty had been discharged.—(Hear.)
Mr. THOMAS WILSON thought, from what had been
already said and done by them, all that now followed was
to give to their Board of Directors and Managers thanks
for the manner in which they had conducted that which
promised to be so profitable a concern to all those engaged
in it.—(Hear.) He could not but express his thanks to
them that so much had been done with so little money. So
very satisfactory a report, he hoped, would be found to
eventuate in an equally satisfactory return. He proposed
a vote of thanks to the Directors for the carefulness and
economy with which they had administered the affairs of
the Company.
Mr. POWELL seconded the motion.

Mr. WM. MAY SIMONDS proposed a resolution to the
effect, that the proprietors, convinced of the advantages to
be obtained from the undertaking, request the Directors to
proceed with the works with all possible vigour.
Mr. POWELL asked of the Chairman, if anything had
been received by the directors for their services.
The CHAIRMAN—Nothing at all.
Mr. POWELL observed, then, that gentleman whose
labours were worthy of their thanks were also worthy of
being paid for them.--(Hear.) Ile moved a resolution to
that effect, which was seconded by Mr. SMITH.
The two engineers, Mr. Alter and Mr. Mac Neil, were
then asked several questions by various proprietors, and
from their answers, it distinctly appeared that the line
must be positively executed for 100,0001. less than they
had estimated before the Parliamentary Committees ; and
that if they went to work upon it this year, the whole could
be completed within three years. The first part of the
Lee, to Sallies, the most expensive part, could be completed
in eighteen months ; and there were thirty-six miles of the
line perfectly level.
Mr. MAHER, M.P., said he had called upon Mr. Drum-
mond, the Under-Secretary for Ireland, to know when the
Royal Commissioners' Report on this subject would be
presented to Parliament, as he was exceedingly anxious to
to
Report showl was,the
have it, being quite certain he could have used it as a
svtarlauneg evidenceof
their
line.to layih
before, the
Proprietors,
The
Commissioners'however, sorry to be informed, was not yet ready. He
was quite sure, that if they required it, that they could
easily procure a loan from the Board of Public Works,
there being no instance of a loan being refused in such a
case as this ; and Government having always evinced the
greatest anxiety to aid and promote public works in that
country.
The thanks of the Proprietors were then given to the
Chairman,
Mr. BAINBRIDGE returned thanks, after which the Pro-
prietors separated.