The Sun.
London, England, 1847-02-25 00:00:00

SPECIAL MEETING.

The proprietors then resolved themselves into a special
meeting for the purpose of considering and approving of the
Bill authorising the amalgamation and extensions.

The CHAIIniAN stated that the extensions would consi-
derably enhance the undertaking, inasmuch as one of them
would place them in direct communication with the metro-
polis, through the medium of the proposed London, Oxford,
and Cheltenham line, while the other would give
them access with the Herefordshire districts. Buck
inghamsbire was famed for the fattening of Herefordshire
cattle, and, of course, a line which gave them a direct com-
munication with that country, must, of necessity, prove of
immense value both to themselves and the districts through
which the line would pass. Besides these advantages, the
• construction of the Bedford line and its extension would
open up to them Cambridge and Norwich, and the Norfolk
districts.

A PROPRIETOR wished to know how it was proposed to
raise the capital?
The CHAIRMAN replied that all the shares which had been
rejected by the proprietors had been taken up by the London
and North Western Company, and that was the means by
which thy capital would be raised. All the shares were
offered to the proprietors in the first instance, but only 3,000
were accepted by them out of 20,000.
A PIIOPILIETOS asked what the capital would be, and the
length of the extensions.

The CHAIRMAN replied that the capital would be 450,0001.
and the length of each extension about ten miles.
The Bill was then approved, and the meeting terminated,
with the customary vote of thanks to the chairman and
directors.

NORTHERN COUNTIES' RAIL-
WAY.

The ordinary half-yearly meeting of the shareholders in
this railway was held yesterday at the London Tavern,
Bishopsgate-street ; Major Beresford in the chair.
The SECRETARY, having read the advertisement calling
the meeting, submitted the report of the directors, from
which we make the following extracts:—
"At the meeting held last month your directors reported
to you fully on the position of the company, and on the pro-
gress made towards carrying out the resolutions of the first
general meeting; they have now to add, that the Deviation
Bill then authorised is proceeding in the House of Commons ;
and your directors look forward with confidence, after the
strong expression of the shareholders in its favour, to the
sanction of Parliament being given to the measure.
" Your directors have in:de the necessary arrangements for
commencing active operations in the spring on the portion of
the line from Wath up Wensleydale, and from Tebay to the
junction of the main line. Your directors deem it advisable
to exeoute the line from Wath to Leyburn (which is of easy
construction) without delay, that advantage may be taken
of the opening of the Leeds and Thirsk line, to secure the
traffic from the district of Wensleydale to Leeds and the
south, which your directors confidently trust will of itself
afford you an early and remunerative return for the outlay.
" To commence this part of the undertaking a call on the
shareholders will be necessary, which your directors now
propose at the rate of 1/. 10s. per share, payable on the 17th
of April.
" The general Act requires that one-third of the directors
should retire by ballot, and the names ballotted out are—
W. Beresford, Esq., M.P., H. Pease, Esq., W. R Collett,
Esq., M.P., Christopher Other, Esq., John Whitwell, Esq., J.
Middleton, Esq.
" Those who retire are, however, eligible, and the board
recommend their re-election.

"One of the auditors elected at the first meeting having
also to retire by rotation, Richard Dutton, Esq., retires, but
the Board recommend his re-election.

"The deputation appointed at the last meeting to treat
with the Liverpool, Manchester, and Newcastle-upon-Tyna
Junction Railway Company have made their report on the
subject of the amalgamation, which the Board recommend
for yonr consideration.
" The balance-sheet of the company shows a balance of
cash in hand of 55,510/. 7s. Bd."
The CHAIRMAN having commented on some of the points
referred to in the above report, concluded by moving that it
should be received, adopted, and circulated among the sub-
scribers. If any one had any questions to ask, he would be
happy to answer them.
A SHAREHOLDER then asked when the report of the deputa-
tion appointed at the last meeting to treat with the Liverpo
Manchester, and Newcastle-upon-Tyne Junction Railway
Company, would be submitted to them?
The CHAIRMAN intimated, that if the proprietors pleased,
that should be done before the motion for the adoption of the
reliant "'rata put to tho mooting, and then proceeded to read
the report of the deputation as to the amalgamation.
Several other questions having been proposed and satis-
factorily answered. the motion was then unanimously
adopted.

On the motion that the retiring directors should be re-
elected, an objection was taken to the name of Mr. Other,
and Mr. Thompson proposed in his stead. A long and desul•
tory discussion on the merits of the respective gentlemen then
ensued, but the amendment was eventually withdrawn.
The retiring auditor was also re-elected.
Mr. OXLEY then obServed, with reference to the report of
the deputation appointed to treat with the Liverpool, Man •
chester,and Newcastle-upon-Tyne Junction Railway Company,
that the terms specified for the amalgamation were fair and
equitable to both comparsies, and considered that they should
meet with the approval of the company. He thought that
the amalgamation in question, if carried out with prudence
and economy, would have the effect of making their own
line more profitable, and be advantageous to all parties. He
would conclude by proposing a resolution, to the effect that
the meeting approves of the terms specified, and authorising
the directors to conclude the agreement.
Mr. PEACOCK seconded the resolution, which was unani-
mously agreed to.