The Sun.
London, England, 1849-08-04 00:00:00

RAIL WAY INTELLIGENCE.

WATERFORD, WEXFORD, AND WICKLOW.
The half-yearly meeting of the proprietors in this
'company was held yesterday, at the offices, 449, West
Strand. The Earl of Cuurtown, the chairman of the
board of directors, presiding.
The SECRETARY (Mr. Muggeredge) having read
the advertisement convening the meeting, the seal of
the company was affixed to the register, Mr. Nash
entering a " protest" against the same, in consequence
of the chairman refusing, at the meeting, to permit
him, as a shareholder, to inspect it.
The SECRETARY then read the report. The prin-
cipal recommendation of the directors is, not to pro-
ceed with the line further than Wicklow, and they
trusted to receive the sanction of their proprietors for
taking such measures as were necessary to obtain
legislative sanction of the proposed alteration. The
accounts show a total receipt up to the 30th of July
last of 144,1661. 18s., and a total outlay of 120.8371.
3s. 7d., leaving a balance in hand of 18,329/.125. 54.
In order to meet the convenience of the shareholders,
the directors recommend the reduction of the capital
to 500,0001., to consist of 50,000 shares of the re-
duced amount of 101. each.

Upon the resolution for the adoption of the report
' being put from the chair, Mr. Nash entered at some
length into the general position and prospects of the
company, and pointed out the hopelessness of raising
the required capital ; and concluded by moving the
following amendment:—" That whilst prot•esting
a,:,aintst the h gality of the company and the proceed-
logs of the directors, and without prejudice to the ,I
alleged shareholders present, and considering the re-
Instis of access to the books and register, that this j
meeting adopts the reports of the shareholders' corn-
mittees, and confirms the resolutions of the meetings'
of May 4, 1848, February 24, March 21, May 1, and
July 2, 1849, in lieu of and instead of the report and
accounts of the directors.
" That the conduct of the directors and officials 1
renders it expedient to refer their report and accounts
to a committee of shareholders, viz. :—to report
thereon, as to, and with a view to, and they are
hereby instructed to effect and make, so far as can be
done, a reduction or disallowance of expenditure and
verification of the accounts, and generally to investi-
gate the books and accounts and affairs, and to report
at the adjournment of this meeting.
" And that the payment of calls on further capital
be suspended until atter such investigation and re-
port are made."
The amendment was then put and lost by a ma-
jori y of three.
Mr. NASII demanded a poll.
An amendment was then moved by Major COURT
for an adjournmeot of the meeting until after the
Great Western and South-Wales half-yearly meet-
ings ; which upon being put was declared carried by
u majority. A poll was demanded on this question,
arid the results communicated at fbur o'clock were as
follows :
Mr. Nash's amendment—

Shares. Votes.
91 35
573 167

For
Against.. ..
Major Court's amendment—
Shares. Votes.
For • • .. 102 46
Against 563 157
Both the amendments were of course lost, and the
original resolution stands.
After the ballot was declared, much confusion
arose, and a writ or notice of action was, we believe,
served on the Noble Chairman.

NEWRY, WARRENPOINT, AND ROSTREVOR.—The
half-yearly meeting of this company was held yester-
day, at the office, Moorgate-street, Lord Newry in
the chair. The report stated that the line from
Newry to Warrenpoint was opened on the 28th of
May last, for passenger-traffic. The goods traffic
has since partially commenced. The directors hope
shot tly to be able to submit terms for the working of
the traffic. They recommend the confirmation of the
forfeiture of 270 shares in consequence of the non-
pav meat of calls. The capital account showed that
111,0251. had been received, and 110,0781. expended,
leaving a balance of 9471. in hand. The revenue
account from the 28th May to the 30th of June
stated that 2871. had been received and 2311. expended
—leaving a profit on the working of 561. The report
of the directors was received, but not adopted, and
ordered to be entered on the minutes. The meeting
was then made special, and a committee was ap-
pointed to investigate the affairs of the company and
report thereon, to an adjourned meeting to be held on
the 24th instant. The meeting then adjourned.
DIRECT EXETER.—Yesterday the Master in Chan-
cery (Brougham), who has the winding up of this
company's affairs, made a peremptory order for the
payment back into the hands of the official manager
of the sum of 6,0001., paid to the solicitors of ttiis
company, until such time as it could be ascertained
or
upon inquiry that they were entitled to thewb
any part of that sum. The representatives
i
itention of
i of the
parties so called upon intimated t theirha
been decided
s
appealing to the House of Lords. i
onetchte ground
ed t o be
in the case of all those patrrtieustoNrvichso,
objected
placed on the list of con
fulfil
the
promise. held out
that the company failed to fulti
in the prospectus,ths by
y they
v
yharlin
eltillgle.upfoAr
cta.ll the
purposes contemplated