The Sun.
London, England, 1847-02-20 00:00:00

RECEIPTS.

By amount received from various 50urce5...£5,012,680 13 3
EXPENDITURE.

Brighton Railway Company to June 30 £2,438,356 11 9
Croydon
Miscellaneous charges to Dec. 31
Branch and miscellaneous charges

£5,109,666 16 5
leaving a balance of 96,9861. 33. 2d. in favour of the com-
panies.
The CHAIRMAN then proceeded:to say that, before he moved
that this report be received and adopted, he would feel it his
duty to make a few observations with reference to what had
passed between themselves and another company. The pro-
prietors would be aware that within the last few days a meet-
ing had taken place between Mr. Schuster and himself on
our side, and Mr. M'Gregor and two of his friends on the
other. He (the Chairman) had entertained a hope that this
meeting would have led to a peaceable and satis-
factory termination. (The Chairman thee proceeded
to detail the result of the interview with the deputation
from the South-Eastern Company in the same, or nearly the
same, words as Mr. M‘Grepor in the meeting of the South-
Western Company (for which see our yesterday'simpression).
Mr. Schuster, and he begged leave to retire, to consider the
suggestions made to them, and they at once decided that
with respect to the rent for the use of the Brighton line, that
should not be entertained for a moment. They, however,
did propose some improvements upon the draft given
in the first instance, which did not meet the
requirements of the other parties, and the interview came to
a termination without anything definitely being settled.)
They still entertained every hope that some arrangement
would be come to, but if such a consummation could not be
arrived at they had armed themselves for a contest in Par-
liament, and they thought that a Committee of the House
would decide, as would the public, that they. gave to the
county of Kent greater advantages than did their opponents;
for instance, they supplied the more important towns which
the South-Eastern reached by branches with a main line,
so convinced were they that their lines were better laid
out for the accommodation of the public, that they
were willing to leave the entire matter to the
arbitration of the Board of Trade. He would leave them to
draw their own conclusions from this statement, at the
same time doing Mr. M'Gregor the justice to say that he
expressed himself most anxious to come to a peaceful ter-
mination. It was never too late to do a good thing ; but
one thing he could assure the proprietors, that he would,
while honoured with his present position, never neglect the
duties he owed to them, or fail in furthering the interests of
the Brighton Railway.
After a very protracted sitting, in which the
satexpditure
incurred in testicg the atmospheric princiPle wa much
deprecated by Mr. Cowen, and the propnety of supportingb a
line of steam-packets to the Continent was advocated ),
Captain Hotham, the following resolutions were put and car-
ried unanimously :-
1. That a dividend of 3i per cent. for the half-year upon
1.
fifth shares whereon 40/. had been paid up
the consolidated stock of the company, and of 28s, upon
be declared.
2. That all the shares, called fifths, created 7th August,
be divided
1845, be now converted into capital stock, •to .
proprietors according to their respective interests
amongst the
therein. .
raised by the creation of
_3. That the sum of 307,5251. be r .
to the 31st Dec,D .
times of pays
of 51. percent. 'per annum, from the reap, such
d such interest
ment of the deposit and call aftermentiose ,
Februaryin each
shares of 50/. each, bearing interestin perp!tueity at the rate
to be payable on the 15th August and 15th
31st December, 1848, to forego such interes d
which caret
ordinary shareholders of the company: in 'cleeds of tty
year, unless the proprietors thereof shall elect, on o.rtebefaonrekthase
shall be entitled tb participate in the general don .
the Ist
cnoiarilkpinagnys,uferbomeletheteie3no,tahsJtubneeeasore3ml
electing to participate in the
of any holder of such shares,
next, interest will be charg e
general dividends of the cornpbuleY,from
esit and call becamepayable.last,
ps at!: vbei eco.eums It
to d;
to the periods when the depo
in be offered to the prese resent
4. That such shares sb
bton, and South Coast Rnilw- la'n"
prietors of the London, Brig
nteenth share, of 31. 68 a-- - -3',
in the proportion of one- . Bd. each, to
stock, and to every share now '
every 50/. consolidated the
i erni
3ot !oh
tte.ho
eventt h
June eir
reps-
any exec t
tered in the books of the comp Y, , p the shares of 9/.
each, called Croydon thirds; and
anyof surplus remaining after
such distribution, shall bedisposed by the directors for the
benefit of the company.
5. That a copy of these resolutions shall be sent forthwith
to eAchlatoprietor ; and if any proprietorb shall fail to accept
the shares offered to him on ors
mefore the 6th ay of March
next, except such proprietors a. ay be out oft he kingdom,
the time is extended to the 6th day of
in respect of whom
April next, he shall forfeit his right thereto.
6. n
6. That 2/. shall be paid upon each
such fifteenth share,
on orbefore the 19th of March next, by proprietors resident
in the 19th of 'A'
in this kingdom, and on .
who are Abroad, when a receipt willbe given for the
who shall not have paid same ;
and aty preprietor .
shall
within 'the prescribed times forfeit all right to the
shares. allotted to him. The call for the residue will be made
payable on the 28th of May next.
7. That nb subscriber for, or holder of, said new shares, shall
- ,he-;:e-iistered as a proprietor in the books of the company, or
be entitled to rly_clividend or interest, or other privilege in
respect of anyiess amount than a 50/, share, for each
which 501. shares he shall receiv4 a certificate in exchangei cif
for the receipts for the deposit paid on the entire number of
fifteen fifteenths.
8. That such new shares shall he registered
on or before
the 15th day of May next.
9. -That in case of non-payment of the whole, or an
the call due, in respect of such shares, on the 2y part of
May, the holder shall forfeit all interest on the d Bth day of
the said 28th May, up to the time when such call deposit f
shallrom
at
paid; and he shall be chargeable with interest be
5/. per cent.
per annum on the call so in arrear.
.10. That the holders of such shares shall not
to any of the privileges of shareholders, but be entitled
at 51. per cent., until they shall have electedonly to interest
in the general dividends of the company,
to participate
Thanks were then voted to the chairman,
broke up. . and the meeting

FRENCH ASPHALTE.—Two vessels have arrived in
the river from Rotten, with cargoes of asphalte, the produce
of France one having 136 tons and the other 70 tong weight
of the article on board.