The Sun.
London, England, 1849-07-21 00:00:00

RAILWAY SHARE MARKETS,

LIVERPOOL, JULY 20.
&mei( Excwasoz.—But little business has been done in shares
to day, and prices have a downward tendency, the market closing
heavily at the quotations The sates are—Caledonian, Preference, 12
—Lancashire and Yorkshire, Consol. Halves, 9 dis.—Ditto, Quarters,
4% die.— Ditto, Fifths, 31.3 e. 9d.—Ditto, Fifths (West Riding Union),
4% die.— Liverpool (C. and S.), 3% dis.—London and North-Western,
132c.—Manchester, Sheffield, and Lincolnshire, Preference, IIN--
Midland, Halves, 12% die.—North British, New Preference, % p.

RAILWAY INTELLIGENCE.
DIRECT EXETER.
On Tuesday the winding up of this company's affairs
came on before the Master in Chancery Brougham, and
excited considerable interest.
Mr. WRYGHTE, the official manager, read the report
of his investigation. The company was started in 1845,
with a proposed capital of 3,000,0001., in 120,000 shares
of 251, each, and 11. 7s. 6d. deposit. The projectors
were Colombine and Ancrum. There ware 63 provi-
sional committee. men. About 60,760 shares were al-
lotted; 37,265 neither took scrip, paid deposit, nor
signed the deed ; 23,495 paid deposit, amounting to
32,3051., an account of the disposal of which is now
sought from the provisional committee, 24 of whom
only out of the 63 fulfilied their engagements of pay-
ing the deposit on each of their 50 shares. A sum
of 6.680/. was voted to the finance committee, for
2,6801. of which they had never accounted, the
greater part of it having been 'disposed of in " rig-
ging the market," by purchasing up 1,075 shares,
the remainder being appropriated by individual mem-
bers of the committe, from whom all endeavours to
obtain restitution had proved unavailing. That body
sad exhibited in their accounts a balance of only
4921., while in reality they had in reserve 7,6471. to
meet claims, besides handing over to the solictors 6,0001.
to meet assumed costs. The questions for consideration
now were whether the payment of deposit on the shares
agreed to be taken by the provisional committee,
amounting to 6,256/., could be enforced; whether the
payment of the balance misapplied or retained by the
finance committee could be recovered; whether the bills
paid to the solicitors, without taxation, could be re-
duced, the parties contending that solicitors' bills in rail-
way matters were "never taxed;" and whether the
payment of the deposits by the allottees could be en•
forced to whom shares had been allotted on applicatiop,
but who had neither paid the deposit or signed the deed.
The accounts showed that the greater part of the
32,0001. bad been consumed—by the engineering and
.urveying, 13,948/.; and the law and Parliamentary ex-
penses, 9 ,95 5/.
The MASTER was of opinion that sufficient ground
had been shown for proceeding with the inquiry, inti-
mating that at the next meeting he would hear and de-
cide upon the cases of the three following classes:-1.
Of those who paid the d.-posit, signed the deed, and sold
their shares; 2, of those who paid the deposit, but did
not sign the deed; and, 3, of those who had letters of
allotment, but who neither paid the deposit nor took
shares.