The Sun.
London, England, 1847-01-14 00:00:00

EASTERN UNION AND HADLEIGH

NAIL VV-21.
The first gc.,n(-rai weeting of the proprieture of East-
ern Union awl Hadleigh Junction Railway was held yes-
terday afternoon, at the offices of the company in King
William street; Mr J. Allen Ransome, deputy chairman
of the board of directors, in the chair.

The report stated that the directors had arranged to
sell the line to the Eastern tlnion Railway Company, and
if the proprietors sanctioned the sale, steps would be
taken for the early dissolution of the company. The di-
rectors had recently been engaged in promoting an exten-
sion in the direction of Lavenham, but for the present
the undertaking had been abandoned. The expenses,
however, consequent upon that proceeding would not fall
upon the shareholders of this company. The engineer had
reported that the line would be ready for traffic in the
autumn of the present year, and held out expectations
that the cost of the wurks would be considerably less
than the capital authorised to be raised by the Act of
Parliament.. The gross receipts amounted to 18,1391.
7s. 10d., and the expenditure to 6,6761. 17s. 4d., leaving
a balance in hand of
_11,462/. 10s. 6d.

On the motion of the CiIAIRMAN, the report was una-
nimously adopted.
The usual routine businelss of a first ordinary meeting,
namely, the appointment of directors with a remunera-
tion of 4001. per annum, two auditors at 101. each, and
a secretary with a salary of 200/. per annum, having
been gone through, the shareholders resolved themselves
into a special meeting for the purpose of considering the
terms of sale to the Eastern Union Company.
The agreement stated that the Eastern Union and
Hadleigh Junction Railway should become the property
of the Eastern Union Company. upon the following con-
Jitiona:--The Hadleigh proprietors to construct their
line under the advice and direction of the Eastern Union
directors, who were to have power to control the ex-
penditure. -The line to be completed and delivered to
the Eastern Union Company within twelve months.
The Hadleigh Company to call up 61. 13s. 4d. upon each
of their shares, or such proportion thereof, not being
less than 5/. per share, as the works would require, in-
eluding the deposit of 11..15., and to borrow or call up
the residue of the capital as might hereafter be thought
proper. • The Eastern Union Company to pay the
cost price of the line,; including every description
of expenses the money to be paid in three thousand
Eastern, Union ,quarter shares of 121. 103. each, that
amount being considered as paid up. Interest was to be
allowed at the rate of 4/t per cent. on all calls till the
completion of the line.

The agreement was approved of, and the meeting
terminated with the customary vote of thanks to the
Chairman.

RAILWAY SHARE MARKETS
MANCHESTER, JANUARY 13.

STOCK EXCHANGE.—The sales are—Ambergate, Not-
tingham, and Boston, par—Birkenhead, Lancashire, and
Cheshire, 1 1-16 p.—Birmingham and Oxford Junction,
10%—Birmingham, Wolverhampton, and Stour Valley, 3%
p.—East Lancashire, 3 3-16p.—Fleetwood, Preston, and West
Riding, % p.—:Great Northern (London and York), Regis.
tered, 11-16 p.—Leeds and Thirsk Preferentials, 19 p.—
London,. Manchester, and Birmingham, Quarters (A), 7%
p.—Ditto (B), 7% p.—Manchester, Sheffield, and Grimsby,
201. Shares, 1 dis.—Manchester and Southampton, % dis.
—North Staffordshire, 33/c p.—North-Western, 3/1 c. p.—
Northern Counties Union, 3/4 dis.—Shrewsbury and Birming-
ham (A), 2 p.—South-Eastern and Dover, 40—West Riding
Union, 2% p.