The Sun.
London, England, 1847-02-18 00:00:00

etirro •
utiton

SUN OFFICE, Seven o' Clock

MONEY MARKET-LATEST -NEWS

CITY, THURSDAY,

After the regular hours of business this afternoon,
Consols were done at
911 -a for this Account,
and

9l i for the April Account.

TATTEA.SALL'S—THIS EVENING
Six o'cLocK.

NEWMARKET HANDICAP.
10 to 1 agst Footstool
2,000 GUINEAS STAKES.

6 to 1 agst Conyngham
300 even on the field agst Planet, Glentilt, and Conynghant

CHESTER CUP.
20 to 1 agst Mendicant
25 to 1 agst The Lamb
40 to 1 agst Flitch
30 to 1 agst Camera Obscura
30 to 1 agst Antler
40 to 1 agst Duke of Richmond
50 to 1 agst Sir Tatton Sykes
50 to 1 agst Fitzallen
100 to 1 apt The Premier (4 yrs)
1000 to 15 agst Dolo—taken
2000 to 25 agst Sweetmeat—taken
4000 to 50 agst Doleful—taken
DERBY.
15 to 2 agst Van Tromp
10 to 1 agst Epirote—taken
12 to 1 agst Planet
22 to 1 agst Glentilt
25 to 1 agst Conyngham
25 to 1 agst Horn of Chase
50 to 1 agst Will-o'-the-Wisp
50 to 1 agst Bedlam
OAKS.

15 to 1 agst Miami
16. to 1 agst Nerissa

EAST ANGLIAN RAILWAYS
COMPANY (LYNN AND ELY RAILWAY).—
(THIS DAY.)
A special meeting of the shareholders of this company
was held this day, at the London Tavern ; Sir W. Fowkes,
Bart., the president, in the chair.
The SECRETART read the advertisement convening the
meeting, for the purpose of confirming, or otherwise, a pro-
posed agreement, for leasing the Lynn and Ely, Ely and
Huntingdon, and Lynn and Derehane Railways, to the
Eastern Counties Company, as well as to consider Bills,
which are specified in the resolutions.
TheCuarnareer said that when the directors had the honor
of meeting the shareholders they were empowered to pro-
pose terms of 74 per cent. to the Eastern Counties Com-
pany. They (the directors) had not been able to obtain
those terms, and they thought it but right to call the attens
tion of the shareholders to that subject. A communication
had been made te the Eastern Counties Company, proposing
the terms of the shareholders, to which no answer was re-
turned, from which it was quite clear that they did not in-
tend to accede to their proposition. The terms of the agree-
ment would be submitted to the meeting.
The SECRETARY then read the agreement, which was to
the effect that the lease should be for a term of 999 years, to
commence on the day when the lines were completed and
ready for being opened. That for the first year of the term
the annual rent should be such as would pay a clear dividend of
5 per cent. on 884,0001., the amount of the share capital
of the three companies, and that for the residue of
the term the annual rent should be such as would
pay a clear dividend on such share capital less by 21. per
cont. than the dividend for the time being, payable on the
Eastern Counties share capital converted into 201. shares,
lint should in no case be less than U. per cent. The agree-
ment further stipulated, that the Lynn and Ely, Ely and
Huntingdon, and Ely and Dereham proprietors should,
until the lease commenced, receive interest at 51. per
cent. on all sums paid by them for deposits and
calls on their shares from the day when such
sums were respectively payable; but that the" Ely and Hunt-
ingdon proprietors should, on receiving such interest, give
credit for the interest already received by them. That the
Eastern Counties Company should pay the interest on all
moneys borrowed by the Lynn and Ely, Ely and Huntingdon,
and Lynn and Dereham Companies, or any of them to the extent
of 294,8001., and should indoemily those companies against
the re-payment of Such moneys. That the Eastern Counties
Company should provide all further money beyond the said
capital and borrowed moneys necessary for completing to
their satisfartion the works of the three railways, and that
the Easter Counties Company should take at cost price the
stores belonging to these companies on the day when the
lease should commence.
The CH/HAMAN—Having heard an abstract of the terms
of the agreement, he felt bound, as chairman, to say that
these terms were such as they should accept. The Eastern
Counties Company would he able to carry on their (the
shareholders) line from them at a much less expense than
they themselves could, and in a more satisfactory manner.
He would submit the first resolution to the meeting.
CURTIS seconded the resolution, which was to the
effect that the meeting approved of the terms of the a,gree-
meg and confirmed the same, and authorised the directors'
to take the steps necessary to carry the same into effect.
Mr. LACY, on being called for, said the opinion which he
had expressed as to their throwing away their time by ac-
cepting the terms proposed remained unchanged. They were,
however, placed in cicumstances which rendered it difficult
to adopt a course different to that proposed by the directors,
and he thought the best thing that could be done was to ac-
cept those tenni.
The CHAIRMAN, in reply to a question, stated that all
the lines would be completed at the end of the year.
Mr. BUNTINE said he had ascertained that the South-
Eastern Company would nut go beyond the terms that they
had heard. It was a great disappointment, however, that
no more advantageous terms could be obtained. When
they looked to the prospectus they found that they
had been promised ten per cent. The value of the
lead was double what they expected, and the other expenses
also had exceeded their expectations. But not only had the
laud and the materials they had to use cost more, but their
traffic, which was estimated at 2d. per mile, was found now
to be at an average of only Id. per mile. Bele, then, they
had the misfortune of doubled cost and diminished rate of
traffic.
Notwithstanding what was alleged about the increase of
receipts that would follow from the diminution of the rate of
charge, he believed that he could not, on a single rail, carry
such an amount of traffic as would pay a remunerating rate
of dividend. He would, therefo,e, move that the agreement
should be rejected.
Mr. GANICROJER seconded the motion.
After a few observations from an Honourable Proprietor,
in support of the motion,
Mr. Menraorr said that, as a merchant of Lynn, he
thought that the advantages of their line had been somewhat
exaggerated with respect to the coal trade, and he would
support the original resolution.
The CHAIRMAN said, that he had communications with a
large number of shareholders, who, had all expressed them-
selves fully satisfied with the agreement. -
The amendment was negatived, and the original resolu-
tion carried by a large majority.
The CHAIRMAN thought it right to stale that the proxies
represented were 5,911.
The following Bills were then submitted to the meeting
and agreed to without discuession--namely, a Bill to con-
solidate the three companies into one company, to be called
the East Anglian Railways Company; a Bill to enable !the
Lynn and Ely Railway Company to extend their railway to
Bury St. Edmunds ; a Bill for making a deviation in the
line of the Lynn and Ely Railway, and for forming docks
within the borough of King's Lynn ; a Bill to enable the
Lynn and Ely Railway to make a navigation from Lynn to
Woronegay in the county of Norfolk.
Thanks were then voted to the chairman and the other
directors, and the meeting separated.

ELY AND HUNTINGDON RAILWAY COMPANY
A meeting of the shareholders of this company was
then held; H. C. Lacey, Esq.: president of the board of
direetorg fin the chair. ,

The agreement read at the foregoing meeting was
read and confirmed, as well as the resolutions to the
same effect as those adopted at that meeting.
The Mils were then read, and the meeting separated.

LYNN AND DEREHAM RAILWAY COMPANY.

This was also a supplemental meeting; H. C. Lacey,
Esq., in the chair.
The CUAIRMAN said that the agreement which would
be read to them had been agreed to at the meeting of
the Lynn and Ely, and Ely and Huntingdon Compa-
nies, but he dissented on both occasions.
The SEC:IETARY then read the agreement; and
Mr. EVERARD proposed a resolution, to tho effect that
the agreement should be adopted.
The resolution being seconded, was carried unani-
modsly.
Wile CHAIRMAN, in rely to a question, said, that he
thought, if they had not been in such haste in running
Into the arms of the South-Eastern Company, they
might have made a better bargain; however, it should
be remembered that that was a solvent company, re-
ceiving 11,0001. or 12,000/. a week.
Resolutions approving of the several Bills were then
agreed to.
Thanks were then voted to the chairman and the di-
rectors, after which the meeting separate(!.

SOUTH-EASTERN RAILWAY COM-
PANY.-(THIS DAY.)

A special general meeting of the proprietars of the South-
lastern Railway Company was held at one o'clock this day,
is the Board-room, London-bridge station, for the purpose
of having submitted to them for approval the drafts of the
fbliowing Bills, viz.:-
1. A Bill to enable the South-Eastern Railway Company
to make a railway to connect the London and Greenwich
Railway and the North Kent line of the South-Eastern
Railway with the Bricklayers' Arms Branch Railway.
2. A Bill to enable the South-Eastern Railway Company
to make a Railway from the South-Eastern, Gravesend and
Rochester Railway at Strood, to join the South-Eastern,
Canterbury, Ramsgate, and Margate Railway, at Chilhain,
m the county of Kent, with branches to Sheerness and Fa-
versham Creek.
3.
•
A Bill to enable the South-Eastern Railway Company
to make I,l.2iilyway frem the North Kent Line of the South-
Eastern
to Dartford, ,:y at Lewisham to Tunbridge, with branches
4. A BM to vmenalts, Maidstone, and Paddock Wood.
to make a railway e the South-Eastern Railway Company
Maid-
stone to the francsanZraii the South-Eastern Railway at Maid-
way at Great Chart, near Ashford, in
the county of Kent.
5. A Bill to enable the South-Eastern Railway Company
to make branch railways t' the North Kent Line of the
BromSouth-Eastern Railway, nearrn Lewisham, to Croydon and
ley.
6. A Bill to enable the South-Eastern Railway Company
to make a railway from the Solithaliro:teeen Gravesemt andßochester Railway at Stroud, to
7. A Bill to enable the South-Eastern liaii,y Coilipany
to widen the London and Greenwich Rail Wan and to enlarge
their London-bridge elation.
8. A Bill for providing increased station accommodation a
the terminus of the South-Eastern, and London, Brighton,
and South Coast Railway, at or near London-bridge, slid for
the arrangement thereof.
AusLaleo fortbe ,pnrpose of making, extending, and alter-
!lag lye:lay69,,Loitler.e, and rules for the management (4' the
tinclartakiiikabelonging to or iu lease to the South-Eastern
- Railway Cornpanp
• ' - and also for the purpose of determining whether interest at
'"--4,/hat. ate, shall be paid on the shares of this coin-
4nYos,.
-- --lied the No. 3 shares.
.' 13414nnvrattiizzliythe.,,iincdz,
eat
:. any, and what rate, shall be i
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