The Sun.
London, England, 1849-08-25 00:00:00

pointed at the extraordinary -general meeting of share-
holders held on the 4th day of May, 1849, or by the
1 committee appointed at an adjournment of such het-
mentioned meeting, held on the 19th day of Jury, 1849."
The SECRETARY having read the advertisement calling
this meeting,
The CHAIRMAN said that it now became his duty to
thing before them the third report of the committee of
investigation. He extremely regretted it was not the
last, an in saying that, he was sure he represented the
fee lings of every member of the committee. The reason
why it was not so was that they had not been enabled to
get the account, so as to determine what they thought
ought to be the course of the company with regard to
them. Had it been possible to get the accounts from
the accountants ten days since, they probably would have
been enabled to close their labours, but not having done
so, he was sorry to say, that in order fully to complete
their investigation, they required a further period of six
weeks,—(Hear, hear.) lie was glad they had adopted
the course they had that day, believing that it would
conduce to the well being and interests of the company.
—(Cheers.) The committee had now to investigate the
relations existing between this company and the Lan-
caster and Carlisle Company, the Hartlepool Dock and
Railway lease, and West Durham share transactions.
They had also to consider the best course to be adopted
for the future management of the company. He hoped,
after the 4111 of October, when the shareholders had
elected a permanent beard, they would honestly, assi
duously, and faithfully apply themselves to seeming
and developing the resources of the line.—(Cries of
" Hear, hear.") He did not expect that any opinion of
his as to their future dividends would he considered of
much value, but from his knowledge of the line, he be-
lieved they might fairly expect to receive a minimum
dividend of 4 per cent.--(Hear, hear.)—and he hoped,
by good management, that it might be increased to 5
per cent., as he was convinced their line possessed all
the elements of prosperity.—(Cheers.) He concluded
by moving that the report of the committee be re-
ceived.—(Cheers.)
Mr. KIPLING having seconded the motion for the
reception of the report, it was put and carried unani-
mously.
Mr. M`LAREN then rose to move the adoption of the
re pore. It contained 15 different topics, and if separate
rspi(i tiooeney the
supweretowbheoe day. I
movedl relativetwas
tthoeeraecfohre proposeofihem d
, it
ivo
to take one general motion on the subject, and briefly to
rfert tl,e
ot differentaina
forheads,
ii,t 0 torn 3
agtiiv,en tohre
inproprietorsnadn
opportunity .
ments it they thought fit. The first question of import-
ance in the report was the Great ...North of England pur-
chase; and all that the committee asked with regard to
that was for the shareholders to consider the proposed
arrangement. The general scope of the plan proposed
was to endeavour to bring about such a lair and
equiteble arrangement between the two companies es
should prevent the necessity of having recourse to legal
proceedings, due regard being had to the interests of
all parties.—(Hear, hear.) If the shareholders ap •
; proved of this portion of the report, the committee or
. the directors would put themselves in eommu-
niceth n with the Great North of England Company
F on the subject, and report the result at their next
meeting.--(Chcers.)
. Mr. LOVE seconded the motion, reserving any obser-
vations for the purpose of replying to objections which
might be made to the report.
Mr. SIDNEY called upon Mr. Plews, the chairman of
the Great North of England Company, to say whether,
at the recent meeting of that company, he saw such a
friendly feeling towards this company as should induce
them to make overtures to that company, with a view of
coming to an arrangement without having recourse to
legal proceedings.
Mr. PLEWs had done and would do everything in his
power to bring about a friendly arrangement; and as
long ago as May last he had offered to give 250,0001.
shares in the Great North of England Company for
bonds in this company, which was refused. lie believed
that the shareholders generally would be willing to come
to any arrangement, though without a special meeting on
the subject he could not bind the shareholders to any
particular course of action.
Mr. SIDNEY was satisfied with that answer so far as it
went.

Mr. CHATOR objected to the payment for the line in
six years, and begged to move " that it be extended
to 10 years."
Mr. PLEWS was satisfied that the discussion of tie
question at a public meeting would only lead to diffi-
culties in settling the question— (Cheers)—and therefore
he thought the matter ought to be left in the hands of
the directors.
Mr. LOVE concurred in the observations of Mr. Plews,
and stated that he considered they were only bound by
the report to endeavour to come to some arrangement
without binding themselves to the details.
Mr. CIiATOR having withdrawn his ammdment,
Mr. M`LAREN proceeded to remat k on the other parts
of the report. With regard to that portion relative to
the Sunderland Docks, the committee had not come to
any arrangement, as in the report they expressed a hope
they would be able to do.
Mr. SIDNEY urged that every possible step should be
taken to get the arrears paid up, as it was not lair to
those who had paid to allow so large a sum to remain in
arrear.
The CuIIRMAN said, he bad just been informed by
Mr. Gutch that within the last few days instructions had
been given by the late board of directors that all parties
in arrear should be proceeded egainst.
The LORD MAYOR thought it would be better not to
press the question. There had been some cases in which
dividend had been allowed on the payment of their calls,
deducting the interest on the time they were in urreur.
Others had been paid dividends when the deposit only
had been paid, and there were two perth s who had re-
ceived dividends without either paying their calls or
deposits.— ("Name, name.") lie did not wish to be
person J; but if called upon he would do so.—(" Name,
name.") They were George Hudson—(hisses)—and
Richard Nicholson.—(Hisses.)
After a short conversation relative to publishing the
nacres of all parties who had received dividends for calls
not paid,
Mr. M.LAREN suggested that the question should be
postponed until the next meeting, and the matter left to
the committee for consideration in the meantime.
It having been understood that the matter should be
left to the committee, who would be prepared with the
list by the next meeting, the various points of the report
were gone through, and the resolution for its adoption
in its entir, ty carried, amidst loud cheers, which lasted
some minuses.
Mr. Iluocnis rose amidst considerable confusion,
owing to a large number of the shareholders retiring
fro.n the room, and stated that he was sure they must
all eel under the deepest obligations to their worthy
and Hon. Chairman and the other members of the com-
mittee of investigation, for the zeal and ability they
had displayed in the performance of their onerous and
arduous duties.—(Loud cheers.) It, therefore, be-
came the shareholders to support that committee by
every means in their power, and to render it as efficient
as possible. It was clear that from the first Mr.
Phillipson had been of no use on the committee, be being,
in fact, nothing more than a nominee of Mr. Hudson,
and having refused to sign the first report. That gen-
tleman had since resigned—a course which had been fol-
lowed by Mr. Shield, for reasons which he had himself
explained to the meeting. He (Mr. Huggins), therefore,
begged to move that the resignation of Messrs, Phillipson
and Shield be accepted, and that full powers be conferred
on the remaining five committeemen to continue their in-
vestigation—three to form a quorum.
Mr. W. BEVERLY seconded the motion, which was car-
ried by acclamation.
Mr. PRANCE having alluded to the difficulties which
had prevented legal proceedings being taken against Mr.
Hudson, as directed oy the meeting of the 19th of July,
moved a resolution—" That the directors be now in-
structed to take such steps, either in law or equity,
against that gentleman as counsel might advise."
Mr. LOVE seconded the motion.
The CIIAIRMAN stated that, though the committee
had not been able to take efficient proceedings, a bill
was prepared, and it would be at once placed on the file
of the Cout t of Chancery on the company giving them
the necessary authority on the subject. The committee
had prepared a report on the subject, which Mr. Leeman
would read.
Mr. LEEMAN accordingly read the following:—
"The undersigned, being five of the six members of the
committee appointed at the last general meeting of the
shareholders for the purpose of instituting legal pro-
ceedings to recover funds improperly taken from the
company, have to report that in consequence of one
member (Mr. Shield) having immediately after the ad-
journment of the meeting notified to the other members,
as explained in the circular of the 20 of July last, his
resolution not to act on such committee, and no authority
having been given by the meeting for any portion of
their number to act in the event of one member declin-
ing to serve, the five members did not feel themselves at
liberty, after careful consideration, to institute the pro•
ceedings directed, but they have taken all the necessary
preliminary steps for the institution of such proceedings, li
and a bill in equity is now ready to be filed.
(Signed) " JAMES MEEK.
" D. M.LAREN.
"JAMES LEECRMAN.
"JOHN KIPLING.
" HORATIO LOVE."
The resolution having
,been carried with one dissen-
tient (Mr. Glyn of Newcastle), the meeting was ad-
journed until the 4th of October.
The half-yearly meeting was then reconstituted, and
votes of thanks having been unanimously given to the
chairman and the committee, also adjourned until the
same day.
The proceedings of the meeting, which was very
crowded, lasted from half-past eleven to half-past three
o'clock.

BRITISH TIONICEOPATIIIC ASSOCIATION.—A meeting
of this Association, of which the Duke of Beaufort and
the Marquis of Anglesey are president and vice-presi-
dent, was held on Wednesday evening, at Willis's Rooms.
The report stated the number of mbers to be 1,270,
and also that 1,300 volume; and 11,000 pamphlets on
homers ..pathy hsd been distributed by the Association
during the current year. After an addres from the
chairman, Mr. Sampson, followed by speeches from
Captain %Varde, R.A., the Hon. Augustus Moreton,
Thomas L'wins, ILA., Drs. Quin, Chapman, C. Holland,
and others, a resolution was carried for the immediate
establi,hment of a London Homcepathic Hospital.
BOTTLE FOUND ON THE 11OLV WELL SAIDS.—A
bottle, containit g the following written document, was
picked up on the Holywell Sunds, about nine miles east
of St. Agnes, Truro, Cornwall, by ono of the coast-
guard, at seven o'clock A.M of the 17th inst.:—" Brig
Mary Allan, of Irvine, Captain Boyd, Montreal to Liver-
pool, sailed from Quebec on the 18th or Nov., 1818. Put
overboard on the 30th of Nov., 18.18, at one, P.M. Lat.,
by observation, 50 55 N.; long.. by chronometer, 32 10
W." The writer requests the finder of it to give pub.
licit), to the time when picked up, with the latitude and
longitude.