The Sun.
London, England, 1854-06-29 00:00:00

LONDON AND NORTH-WESTERN AND NORTH STAFFORD-

SHIRE TRAFFIC (ARRANGEMENTS). y•••
'Mr. LASCELLES rep ,rted from the sub-committee on
this bill, that' they had examined the allegations con-
tained in the preamble of thb bill, but the same had not
been proved to their satisfaction.

LEEDS NORTHERN. •
Mr. DIVEIT reported from the sub-committee that the
objects of the bill, as originally introduced, were to de-
fine and adjust the rights and interests of the several
classes of shareholders in the Leeds Northern Railway
Company, to enable the company to create stock for
satisfaction of the arrears of dividend due on their pre-
ference shares, and to issue stock on debentures for the
redemption (by consent) of preference shares ; but the
power to create stock for satisfaction of the arrears of
dividend due on preference shares was withdrawn by the
promoters. It was proved to the committee that the
provision made by the bill for settling by arbitration the
apportionment of revenues among the shareholders in
the company was not only sanctioned at three extra-
ordinary meetings of the shareholders in the company,
and assented to by a large proportion of the holders of
ordinary shares in the company, but was also assented to
by a very large proportion of the holders of the several
kinds and classes of preference shares. Iy was also proved
to the committee that the annual profits of the com-
pany had been insufficient to pay any dividends to the
shareholders. It appeared to the committee from the evi-
dence, that the two questions of an alteration in the
rights of preference shareholdoi and of the anoalganaa-
tion of the Leeds Northerer ompany with the York,
Newcastle, and Berwick and York and North Midland
Railway ompanies had been considered together by the
company, and that the consent of the great majority of
the shareholders to the amalgamation had been obtained
upon the faith of such concession being made, that the
arrangement come to with those companies had proved
eminently beneficial to the company, and the committee
felt that the benefit so resulting to them ought not to be
unaccompanied by the concessions which led to the ar-
rangeinent. Under all the circumstances above stated,
it appeared to the committee that the provision made by
the bill for settling by arbitration the apportionment of
revenues among the holder 4 of existing shares is a desir-
able arrangement for the different classes of shareholders
including the preference shareholders, and may properly
be allowed. The original share capital issued amounts to
1,333,0961.; the 6 per cent. preference quarters to
164,2311. ; 6 per cent.. No. 1, to 102,765/. ; No. 2, to
68,6891.; No. 3, to 37,9501.; and the 7 per cent. prefer-
ence shares to 77,7251. ; total, 391,510/. : Out of 1,294
holders of original shares 938, holding 1,015,591/. of
stock, and preference shareholders, holding 212,0281.
preference stock, voted in favour of the measures sanc-
tioned by the bill.

GREAT WESTERN, SHREWSBURY AND BIRMINGHAM, AND
SHREWSBURY AND CHESTER (TRAFFIC ARRANGEMENTS.)
Mr. LASCELLES reported from the committee that the
parties promoting the bill had stated to the committee,
that it was not their intention to proceed with the same.

RAILWAY TRAFFIC RETURNS.
THE GREAT NORTHERN. RAILWAY.—Traffic return for
the week ending June 18,1854 . I:18,114 18 5
Corresponding week last year 15,901 2 6
LANCASHIRE AND YORIESFIIRE RAlLWAY.—Traffic re-
turn for the week ending June 25, 1851 £20,360 7 3
Corresponding week last year
CHESTER AND HOLYHEAD RAlLWAY.—Traffic return fcr
the week ending June 25, 1851 £5,846 8 1
Corresponding week last year 6,003 18 9

Degrease in 1854 £ls9 10 8
SCOTTISH CENTRAL RAlLWAY.—Traffic return for the
week ending June 25, 1854 23,232 0 64
Corresponding week last year 2,866 8 4i

GLASGOW AND SOUTH-WESTERN RAILWAY.—TraffiC re-
turn for the week ending June 24, 1854 £5,321 19 4
Oorreeponding week mast year 4,730 6 11

Increase in 1851 £ssl 12 5

THE STRIKE AT PRESTON.—Messrs. Richardson and
Whitworth, the secretaries of the Associated Masters,
in a report on the above strike just isiiued, estimate the
loss of the employers during the 36 weeks at 165,000/. ;
of the operatives on strike, 250,060/. ; of the contribu-
tors to the working people's strike fund, 97,0001. ; to
shopkeepers, &c. 21,2501. ; making a total loss to the
community of 533,2501.
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