The Sun.
London, England, 1847-08-13 00:00:00

. ... _.~ ..... .. 4:.+..

eRA-7ING-CROSS BRIDGE (2,031-

1 PANY.
A. s
.. • e---
emeal general meeting of the proprietors of this
eUrneee
-•• --Y was held at twelve o'clock yesterday, at the
ekee
10ein ;41.1! eomptanYt 9, Villiers-street, Strand,..by ad-
Ment trona- the special general meeting of the pro:
Prietors,lielt•l on. the 12th of July last,
,to receive the
114 0-1)0 :_•te the committee- appointed at that meeting fur
e„,PerPoSe of investigating the accounts of the company,
;A"' to adopt such measures thereupon as might be
eeem,,,l
''"
expedient. The advertisement convening the
keetine
• -e Went on to state, that a special general meeting
would also be held at one o'clock, to confirm the resolu..
tine and i
• ye order made at the aforesaid special general
-lege heldon the said 12th of July; that the sum of
40,0001. be raised by the issue of shares of 6/. ss. each ,
tO,be called quartershares, and to adopt such measures
thereu
• that Pon as might be deemed expedient ; also,
be held holf-yearly general meeting of the proprietors
repond at half-past one o'clock, to receive the directors'
ehist! also to elect three directors, in the room of M .
be le, All% Orry, and Mr. Rhodes, who go out of office
eeretetion, but who are eligible for re•election; and on
of general business.
•A• con •
p•
~ siderable number of proprietors were present,
.shortly before twelve o'clock the Right Hon. the
o.llllof Devon the Chairman of the company, entered
'4le r '
ten:
room and took the chair, stating at the same time
en:
,141 had been requested to do so by a requisition
Perer by a number of the shareholders. The Noble
Theas Warmly cheered. .
e.. ue NOBLE CHAIRMAN adverted again to the requisi-
tion' and in calling upon the clerk of the company to
reed the
• et,,,_ e advertisement Cenvening the meeting, said—.l
el, Perhaps, to state that I am not much in the habit
urtitttending the meetings of the company, but on my
twin in London yesterday morning I found a requisi-
prie In Writing, signed by -W great number of bridge pro-
teeetan rl' expressing a wish, that I would attend this
• „„,--2:g, entertaining the notion no doubt that long
, veil", eaoe and grey hairs might keep the meetings,
;•-•. ±4 are sometimes a little noisy and irregular in
. . udder
• I felt it my duty at once to accede to there-
,• . est. A
4114 . all' 1311 V request to you is that all personalities
angry discus i n will be. as far as possible, avoided,
: f ktilei ele.s.hope that every one who has anything to say will
nee ellid, and, for th 6 purpose of saving time, that no
. .3'07n.-ritui .Lll-at what he has said That is a matter fur
Peti:° dyZa--1-(lilthheerbs.e)t I trust that every one will be heard
t e ituilliet advertisement having been read, and the business
•••
lan tee%lY•introduced to the meeting, the minutes of the
. 24. ting were read in extenso.
Mari' STUTELEY (the Chairman of the Hungerford
fey (Let eeuraPllne) and Mr. COPE distinctly averred that
utat te—died to act as members of t••e committee, and
• Th-ej had left the remit when it was app.,inted.
' • fttilde Earl of DEVON said after such a statement he
Isla
consent to sign the minutes.
lale th Noble
the deputy-chairman of the company,
able tie tioble Earl in the chair had nut fur a consider-
" %am. tile taken any part in the proceedings of either
, • eeedr nY, and was not aware of the nature of the pro
• .144 autto be brought forward on that occasion. He
k,Shale--4:
of
shares in both companies.—(Cries of
. ' egaixer,-"'") Under the Act he was constituted the
• ticte,,-11141.0f the company, but he possessed no qualitica
el' atevet —(Renewed crie; of " Shame.")
Slii;eb4e-erl of DevoN admitted the truth of the state
pewee 'tided that there was no legal ohjectien to his
‘llitron-gi°ver the meeting. There would, however, be
oilie•-eg 'Val objection, if he was present and did not
'.. %mite nhair.—(Cheers.) The Act expressly stated
- ellharee chairman of the company, whether quaefied by
• teuesidea°l4;aot, should nevertheless occupy that po i ion ;
' '44% ' 4 exPressly enacted that when he was present
iaetv attendi take
the chair.—(Cheers) He certainly had
• .' ethee ed Uric, meetings of either company, because
tale the. that a„e --gut n the directors and the proprietors
Zreeeei-`entlte their duties quite as well without him as
t 111,4111, but circumstances had occurred with which
Ivekrreasonta believe the great body of proprietors
• icellseatisfied—(Hear, hear)—and he had attended to
1 ntee:•ollce as chairman, not to m dee 'any sugge-
Neere• iletefor the purpose of endeavouring to see lair
• .ttii.,,neerB.)
"%It 'I(IN l• • commented upon the fact that
. the
w4::l:et:g solicitor,
e one beeineley and Mr. Cope had reulsed to act upon
jelearlari,2t_tee,, and apprehended that this, us
,an ad-
s°must fall to the ground.—(Cheers.)
111141' tin feting, must
question for their consideration,
nee CO 0 circumstances, whether they should, or should
..I'be Earl M the minutes of the preceding meeting.
retteereeeert.(7lD EVOW then called upon the clerk to read
Nes , the committee, and also a manuscript
41446 I°ll had
Ale-re °I the been subsequently received from the
to,
,L4,,i.. committee.
h/vll. 4tNeE then read the report, which was as
6, .---
' ~. The g,
slit --
"unittee regret having been deprived of the
'• %%liana° °r Me
•,
..4t._ neta , ssrs. Stuteley and Cope (who bad been
~.
tie wade ;thel/4" forra
rritty.od_. allotted
thac
part of their body, but declined to
* 1 'veeTetnen Y, have, however, in the absence of thoseti
ee.teettuel: entered into as extensive and carefuleni
cmants of the company as the limited
would allow, and in such
~eatimps_ for that purpose .
• -`4 and '" have regaraed all audited accounts as cor-
-111 tali bl •
ilteheld a cin themselves, and now lay before the
• e ,-„ eta te
. A. A bre, le result of their investigation.
Ace() several accounts are appended to this report.
at% tint 110- i sets out the gross receipts and ( x
eUre ee
iteze, 1836°,ne the commercetnent of the undertaking in
3. 3or re, .Lo the 31st ultimo, exclusive only of the
With elPt and Payment in accounts No. 2 and No.
tioe, . referee
dire-4 le eeeo_ ce to the original loan of 26 000/. men-
tereet% to adv:.u. 1, the committee recomTend the
tee 11 al. se
eee
ertise for loans on the cotnpany s
view to
lin, lqUidatt7 ent. for a term of years, with a i
ai o Ike n nof the 5.0001. advanced by the bankers
- • eaenieers lent off ef the Excht quer.Fund Commis-
-1 . tent %tin 1.. to relieve the company from the.incun-
at spay Fil atlen in the '
ta mei e reortg,ge to toe eto 0.
~ st shall be annual' ' made in discharge pro
CAniniiston .rs,
~ A i tUe original debt. )
. taieetteceount N. 2
. Net we for . relates to the ' Eighth Shares,'
. titee which it og the Southern approaches to the bridge;
appears that all the eighths were taken,
kitt:: es.," (t qui t - - '
, ,lift_the limanrcikeeratt,tad were necessarily retained in respect
0 B,+ whole shares), which the coin-
. ~: , Jut eeeetie, Company's shares,
.ne directors d and other shares some-
' :Tepee to
theiloYh peeitiened. These eighths bhuuld be
toe great rciiliv areheld, es generally, pro rata, so soon as
- • eel The rapideeta it expedient. •
progress ot the works in connexion with
' selatnittee to
eauY station On the Surrey side induces the
ateahkz
tfu:grtehalrZiinmgportanee of measures being
.._ 14.4reit0411n(loexthteenp.roprietary, that the company
' . FunknrnapPptlryo-
and completing the south
e bridge, and it is matter of conera-
1 ' eb,s, which have, very
may lye powers unt'er their two Amendment
4way companies.
full; pirobably enable them to arrange such
liriruaehes
_ sineeiktßeL Ount I,T a aeco; dance with the plans of the
contain;
• '
an' account of tolls. .
taken
kieb, tolls °Pening of the bridge, and of the application ot
• k_ tolls for divide dsand general charges: it appears,
7::wever, diet the interest on 26,0001. debt has hitherto
Placed to the
er torPri and should ll"
henceforth capital,
.. . _warYtLitUld Show that which is manifestly
• -toe .e. The toll r be, placed to tne account
eamaptetasda3r,et,rahffinow7fer6.
5707. saantdi s tuapc:
the .. Per annum has been already established, after all
tiv:g
the
31satsublteiemnowznth
. • piii "Velty .h '
parnid,vi.,t,hues
balancesix • m(mitahls:aeuxd:
off, and
years4' Asu, mof 1,8411. 14 f
te.,.; u'Vidend, hit El. 9, e aeplicable for the half-
(lir."'" °n the 26 alter allowing. 1,300/. for they ear's in-
, rectos. • ' ,0001., and the last
annual vote to the
ITh •
the ...._ a committee baVe been prevented laying before
eottraoprietors an exact statement of the liabilities of the
_.oae. P.
_nY, not having received from the engineer a certi-
r,,,-._ 4ePouut of the balance (if any) due to Mr. Chadwick,
• 'ti;,_: particular of -his'own demand upon the company,
reoe re are alto other demands, of which the particulars.
„tilf_ net yet furnished, besides the unascertained claim of
iir
thB:arket Company for damages in respect of the delay
que6tion as to the float. The committee have
At_therefore been constrained to put an estimate upon the
er items, which, together with those actually ascer-
ned, will stand as follows :
Sundry unsettled claims (say) Law charges (say) "'
... £4,897...
.•• ••• 1,000
Bankers' (now due)
...
Jackson and others ••. 3,:•00

Toll account, and balance as credit of the
Eighths share account ... -

••• 2,418

£20,805
,
- ' 'Prcrn these accounts, and from. their investigation
btlerailv committee are of opinion that. the sum of
• 20,0,,_,. , , the .
eot,4°l- will be required to liquidate the liabilitie.sfionattitnhne
or -hPilnYa,nd. they thereforerne
.4. , e resonitten to that effect fco t.hmemmeneedtinhge trirtihe 12th
• 4 last. For present purposesltwillamporonbgaabtlty b
beeees . .
Drie,ary to distribute the new shares helmptrob-e
, . %ell
ti :7,17. but the end desired may be accomplishedd
.reh ug 1 t loan on their deposit, to be repo! hereafter
tiov.en the selflue of the company's hall have
tite_elnPed i;—the shareholders will thusbeseecnuarbeletdo
th-'l' to take u and retain the shares, or to
ixtpetc4!l
sves the premium which they may then be fairly
~ Tr° to bear.
...nee° •
No__ mrautee have not contemplated, neither do they.
wh,erzend at present, the sale of the wharf (the cost of
sae 8,5241. 8 524/. 6s. 3d., and the present tattle of which
...1,1,.._ ,
tile "en represented to them at 8,0000, inasmuch, from
• st4it!Yerks now in progress in connexion with the railwayte
Zlllnder preparation for the accommodation ot 11
?eta:western and; other great railways, it is scan? y
it may to estimate the extent of accommodation which
DittivitY be exPedient for the interests of the Bridge Com-
Atiti• to retain on that side of the river, or the increased
4 Viich the wharf itself may consequently acquire.
llithr„,llllst, therefore, the committee cannot conclude.
• l'ati,t, expressing their thorough confidence in the high
the I_°` the bridge, large operty likely to soon ield to
44,..nttreholders a return, the amount of which
of ;IA be estimated until the establishment and opening
the
great railway station, to be formed close to its
' `ii %seen), approach, and which is expected to be opened
• ie., liPting of next year, they cannot refrain from
si,eo r' uron all. te in the company, the
• • 4.) Dtlillielp°..rtanlle of united and harmonious co-operatinori
.titiliqe tif'‘°Prietary at large, in order to expedite and
..41:444.-and niZe e°llll3lete and speedy realisation o t
r'lreretev ,
_and with the view of lessening points of
No::
Fl
etb,enwelistootui further venture to recommend, that the
14:15te at
: iat:o 11l
iris. e er
sth: 1 pursue:hebeen.wil with reference to the agitated
power of splitting votes, will be to're-
every
ng enactments and to eeclare, that _
. •.it e to one vote for every five
u. Infitleri any hunt thus giving to each proprietor
•,tif -Ce eqUiVal ' • ' • interest in the
6/te °f the ent to his pecuniary
Company.

B. FEW-
-4 9 46
S. J. BLUNT.
) 1111144.4464 Strand 33:4EuNgj. .121, AIBN4CLA"ST.L.K.