The Sun.
London, England, 1849-02-26 00:00:00

DUNDALK AND ENNISKILLEN-

DUBLIN, FEB. 24.—The half yearly meeting of the
proprietors of this company was held at their office in
Talbot-street, yesterday, the Earl of Roden presiding.
The CHAIRMAN congratulated the company on the
opening of this line, and moved that the common seal of
the company be affixed to the register.
After some discussion, the motion was carried.
The SECRETARY then read the report of the directors
for the half-year, which stated:—
" The working plans and sections for carrying your
line of railway forward to Clones have been deposited in
the office of the company; but the board, in accordance
with the advice of the shareholders' committee, do not
propose to take any steps for the prosecution of the line
without previously consulting the shareholders. That
portion which lies between Dundalk and Castleblaney
was opened for traffic on the 15th instant, simultane
ously with the opening of the line between Dundalk
and Drogheda. An equitable arrangement lass been
made for the working of the entire line between the Boyne
and Castleblaney under one contractor. The balance-
sheet of the company, to the 31st of December last,
shows the total receipts as amounting to 166,6562. 7s. 6d.;
the disbursements to 162,756/. 13s. 3d., leaving a balance
in hand of 3,8991. 14s. 2d. Since the let of July last,
arrears of calls, to the fifth call inclusive, amounting to
8,2621. 101, have been received in cash and bills. Trans-
fers from shareholders unable to pay have been obtained
in trust for the company, amounting to 1,406 shares,
upon which 10,4121. 10s. has been paid. 1,561 shares
will be submitted to you for forfeiture, upon which
10,3071. 103. has been paid. Having thus briefly ad-
verted to the result of the exertions of the calls' com-
mittee, the directors have now to state to you the ar-
rangements that have been made for maintaining and
working your line. They are happy to announce that
they have succeeded,
in conjunction with the Belfast
Junction Company, in effecting an agreement for a term
of years, both for the maintenance of the permanent
way, and the conveyance of goods and passengers on
the line, with a gentleman whose name alone might also
be taken as a guarantee for the faithful and liberal per-
formance of any arrangements into which he may
enter—the well-known contractor, Mr. Dargsan. The
directors have thought it necessary to facilitate by all
means in their power the rapid and convenient transit of
passengers and parcels by their line between Belfast and
Dublin—a route which possesses most decided advan-
tages in economy, expedition, and convenience, over the
present route by Portadown, Newry, and Dundalk.
They have been fully and liberally met in this view by
the Ulster Railway Company, who have joined them in
providing public conveyances that otherwise would have
been wanting, between Armagh and Castleblaney, and
have agreed to alter the running of their trains for the
more effectual attainment of the object in view. A con-

tract has been entered into with regard to these convey-
' ances, for one year, in conjunction with the Ulster
Company, by means of which Belfast will be reached
from Dublin, and vice versa, in less than eight hours'
travelling, and at a cost to the traveller greatly less than
that to which he has heretofore been subjected. Your
directors look up )n this as a first, and by nu means cli
unimportant step towards a community of interest and
an amalgamation of property in the Northern railways."
Sir JOHN MACNEILL, engineer of the company, they
read his report, giving a fl.sttering account of the pro-
gress of the works.
Both reports were adopted; after which a long discus-
sion took place, in which several of the directors and
shareholders participated, with respect to the number of
directors to be removed, and it was ultimately arranged
that the board should henceforward consist of eleven
members only.
Mr. GARTLAN proposed that Nicholas Martin, Esq ,
John G. V. Porter, Esq., and Willia=m Murray, Esq ,
should be re-elected members of the directory for the
ensuing half-year; and, after some discussion, the motion
was carried.
Mr. MACRORY then moved that a large number of
shares, on which the calls had not been paid up, should
be declared to be forfeited, pursuant to the provisions of
the 11th Vic,, c. 16, and that the directors be authorised
to dispose of them as they should deem best for the in-
terest cf the company.
The list of names having been read,
persons NIr. DwueNrLeoiPn
colpupdoesde d
in ht eh
eml
iostti own h oonwtehe re gwr
well
lulnd h
able t
taot
pay their calls, and ought to be compelled to pay them.
—(Hear, hear.) Amongst others in the list, he found
the name of Mr. James Clay, a member of the Imperial
Parliament, and a person who ought to be well able to
pay.—(Hear, hear.)
After some discussion on the matter,
Mr. DUNLOP moved, and Mr. GARTLAN seconded, an
amendment, to the effect that the name of Mr. Clay be
excepted from the list of shares to be forfeited.
The amendment and the original motion were then
both put and carried. A vote of thanks was passed to
the chairman, and the meeting separated.
REVIVAL OF THE NORTH KENT RAILWAY.—Last
night (Friday) a numerous and highly influential meet-
ing, convened at a few hours' notice, was held at the Old
Town Hall, Dr. Soulby in the chair, at which a deputa
tion from certain London capitalists attended. It was
explained by Mr. Knocker that the said capitalists are
ready to furnish the means of constructing a North Kent
Railway from the South-Eastern portion at Rochester
through Canterbury direct to Dover, provided they re-
ceived an expression of local opinion that it is favour-
able and well received. It was also stated that the
South-Eastern Company either would not or could not
construct this portion of the North Kent line, and that
they would not oppose its construction by others. Mr.
Drayson, the engineer, explained the course the line
would take, and other particulars, after which resolutions
in favour of the project were unanimously passed.—
Dover Chronicle:
CHELTENHAM AND OXFORD.—CHELTENHAM, SATUR •
DAY.—Today the half-yearly meeting of the proprietors
in this company was appointed to be held, at the offices
of the company in this town. At the hour appointed for
the meeting about half a dozen shareholders had assem-
bled, and these subsequently were augmented to fourteen,
among whom were the Hon. Ralph Dutton, chairman,
sat
oenndct
oaJnt aisomt
teusotfeAcagh gge
lutGoe
rnauhrmda
mn
at
tr ( ,
lveliacaset
least twenty
thwaei candidaternmtyan. shareholders
It
h tr
steee ep r e -
mrs
hatar e
required to be is attendance, representing 2,500 shares;
and after waiting for an hour, there being no more than
fourteen shareholders present, the meeting was necessa-
rily adjourned sine die, as was the case on the occasion of
the last half yearly meeting. A report had been pre-
pared to lay before the shareholders, from which it ap-
peared that the operations of the directors had been
merely nominal, and they did not propose (at present at
least) to proceed more actively with the undertaking, no
portion of which has as yet been commenced. The com-
pany, however, having availed itself of the two years'
extension of time for the completion of the works, under
the Act, which came into operation last year, the under-
taking would not be damnified by delay.