The Sun.
London, England, 1847-08-27 00:00:00

LONDON, FRIDAY EVENINCT, AUGUST 27, 1847.

LONDONDERRY AND ENNISKIL-.
LEN RAILWAY.—(THIS DAY.)
The half-yearly general meeting of the share-
holders of this company took place to-day, at the
company's offices, in Church passage, Guildhall, for
the purpose of receiving the report of the directors,
the statement of the accounts, and the ordinary busi-
ness of the company.
J. G. FRITH, Esq., took the chair shortly after
twelve o'clock, and the usual preliminary proceedings
having been gone through,
The Secretary, Mr. F. H. FIMMING, read the fol-
lowing report :
" The portion of the line from Londonderry' to .Stra
bane, a distance of fifteen miles, was opened for traffic
on Monday, the 19th of April last.
" The period which has elapsed since the opening—
that between seedtime and harvest—is confessedly, the
worst season of the year for traffic; and was rendered
still more unfavourable by the distressed state of the
country ; notwithstanding which the present receipts
give satisfactory assurance, that when the traffic has been
more fully developed, and the line extended to Omagh,
or even to Newton-Stewart, an amply remunerative
return upon the capital will be obtained.
" Negotiations are now pending with parties locally
interested in opening up to your railway the several dis-
tricts of the country adjoining it ; and it is confidently
anticipated that the early establishment of additional
public conveyances in connexion with the trains will pro-
duce a greatly increased traffic, as the shortening of dis-
tance' by your line between Derry and the towns lying
south and west of it, will not only enable those persons
who have hitherto resorted to Derry as their market, to
transact their business there and return home the same
day, but will extend this benefit to the inhabitants of
districts which, on account of their distance, have
hitherto been excluded from it.
" Among the numerous benefits accruing both to the
public and the company from the opening of the line,
your direetors are happy to state that her Majesty's
Postmaster-General has already availed himself of it,
not only for the direct communication with London and
Dublin, but for the conveyance of the mails to the
western coast; and your directors have the pleasure of
knowing that they have been enabled to confer upon the
merchants of Derry the commercial advantages neces-
sarily arising from an opportunity of answering letters
nn tha flay they taro moon; rorl , in foot, biiuging Dublin,
and, consequently, London, one day's post nearer to
Derry.
" The general advantages to the city of Londonderry
and its neighbourhood, already manifest from the work-
ing of the line to Strabane, have served to arouse a strong
local feeling in favour of your undertaking, and a general
desire for its extension. With a view of encouraging
and aiding this extension, some of the leading landed
proprietors have expressed their readiness to give the
land required by the company on the most liberal terms,
both as regards price and period of payment.
"It has occasioned your directors much regret that
they have been obliged to make calls beyond the amount
at one time contemplated; this, however, became neces-
sary, from the great default of many shareholders who.
from inability to pay, could not be compelled to do
so. Much anxiety has pervaded the board as to en-
forcing the payment of calls; and it is with satisfaction
they are able to state that, in many instances, by a
wholesome forbearance, payments have been procured
which must otherwise have been lost. Though it is
hoped that no shareholder who could pay has felt him-
self unduly pressed, it was considered but just to those
who had paid, that all having the ability to pay should
do so. It is still confidently anticipated that payments
to a very considerable amount will be received out of
the arrears ; towards the reduction of which, the best
efforts of the directors will continue to be directed.
" The directors have considered it their duty to
forfeit 817 shares for non-payment of calls; this for-
feiture is now submitted for your confirmation; at the
same time they deem it just to state, that until these
shares be sold after forfeiture, the proprietors thereof
respectively may reclaim them by paying up the calls
overdue.
" Notices of forfeiture upon a large additional
number of shares have been served; but negotiations
have been opened by several of the holders, which it is
hoped will avoid the necessity of having the forfeiture
confirmed; and in several cases the second and third
calls have been paid since service of the notices.
" The outstanding liabilities on account of the line to
Strabane amount to about 57,0001. Your directors hope
that the amount of some of the claims may be lessened ;
but it cannot fairly be estimated that they will even-
tually be liquidated for a smaller sum than 50,0001.;
this amount would fully have been covered had the calls
been only reasonably responded to. There is still every
reason to believe that the produce of the arrears will
serve very materially to reduce the liabilities, and that
such arrangements may be made as will permit the ba-
lance to stand over until such time as the company shall
have been placed in a position to meet them, by the
adoption of the course which the directors are now pre-
pared to recommend.
" Your directors continue fully impressed with the
belief that the line to Enniskillen, if carried out as
originally contemplated, would be highly productive ;
but looking at the present state of monetary affairs,
and the convenience of their shareholders, they feel
satisfied that their most effective way of ultimately se-
curing the construction of their whole line is by taking
steps to limit, for the present, the length of line and
the amount of capital. With this object in view, your
directors beg to submit the following suggestions for
your approval.
" Your capital is at present 600,0001., represented by
10,000 shares of 501. each ; of these shares 633 were
forfeited at your last meeting, 817 are now submitted
for forfeiture ; and it is believed it may be necessary
to increase this forfeiture to the extent of 3,000 shares,

leaving 7,000 shares in the hands of responsible pro-
prietors.
" Your directors would therefore suggest that the line
should be limited to Omagh, and that, for the present,
the portion of it between that town and Enniskillen should
be abandoned, and the capital reduced from 500,0001.
to 350,0001. ; and that this sum of 350,0001. be
represented by 14,000 shares of 251. each; and that each
shareholder of the present capital shall, for every 501.
with 251. paid up, become the holder of two shares of
251. each with 121. 10s. paid. This suggestion, if adopted,
will reduce the amount of capital; enable the company
to borrow 116,0001. immediately the change be made;
and will, by reducing the shares from 501. to 251. each,
render them more marketable. Should this plan be
adopted, it is confidently hoped that the line to New-
town-Stewart may be opened without calling upon the
shareholders for any payment towards it beyond the
121. 10s. per share above-named.
" Your directors looking at the aid rendered by the
Government, in course of last session, to such Irish rail-
way companies as were legally entitled to a loan (a
position which they much regret this 'company had not
attained), entertain a sanguine hope that in the coning
session a further measure for aid to Irish railways will
receive the sanction of her Majesty's Government ; in
which case, by the plan now proposed, this comp any
would at once be enabled to participate in its bene fits,
and thereby be in a position to extend the line. to
Omagh."
After some discussion, the report was agreed to_
Eight hundred and seventeen shares were declined
forfeited.
The directors that went out by rotation were re-
elected, with the exception of Mr. Robert Bond, who
was rejected upon its being stated that he had not
paid up his calls, and Alexander Lindsay, Esq., the
present mayor of Derry, was re-elected in his room.
Mr. Bloxam was re-elected one of the auditors.
A resolution to the following effect was unani-
mously adopted :—" That the works shall not be ex-
tended beyond Strabane until the proposal for the
same shall have been submitted to a general meeting
of the shareholders."
A resolution was also carried " That the capital of
the company he reduced to 350,0001., in shares oi' 25/.
each, and that the line between Omagh and Ennis-
killen be abandoned for the present, and until the
directors have procured powers to effect the same,"
It appeared from the statements of the Chairman
that there was upwards of 80,000/. in arrear for calls,
but the solicitor of the company stated that he was in
hopes they would be enabled very shortly to get more
than 30,0001. of that amount.
A resolution empowering the directors to adapt
the most vigorous measures for enforcing the payment
of the calls was unanimously carried ; and, after a
vote of thanks had been carried to the Chairman a nd
directors, the meeting separated.

DIRECT LONDON AND PORTS-
MOUTH RAILWAY.—(THIS DAY.)
The third ordinary meeting of the shareholders of
this company was this day held at the Lonilon
Tavern.

Wilkinson,
usual E s
preliminaries. , chairman
havingthe
T.he chair was taken at one o'clock by W. A.
which the directors strongly disposed of
proprietors the immediate
the SECRETARY proceeded to
commencement
recommended
natmhd the line
h neded repotot fo t,
it
hbi in
works under the conviction that
' would -not,
prove a profitable commercial investment, only confer a great extent of local advantage,but
nwdioula
as it must, the carrying trade to Portsecaoamnmd aPonrtxg,
mouth, and the large pleasure traffic which wovld
ensue from cheap, quick, and frequent trains betwref.
the metropolis and the Isle of Wight. But the
Kiln_
rectors were fully impressed with the necessity :for
caution in the present depressed state of the money
market, and they trusted that the propritors would
repose confidence in them that they would only
upon the shareholders at such time, and in s thch
manner, as might be most conducive to their inte] 'est
under all the circumstances of the case. The four
directors who retired from office were—Benjamin
Baines,! James Robinson Greig, John Laurie, and
James Whiskin, Er;q., but they were eligible for re-
election, and the board recommended their re-election
accordingly.
From the statement of receipts and disbursements; of
the company, from the period of its formation up, to
the 30th of June, 1847, it appeared that the total
amount of the former on deposits and calls had been
109,3311. 75.; the total sum expended had been
n7o4l,46atini.y of 35,4
16s. id., leaving i
lid.
balance in the hands of tb e
The CHAIRMAN said, that in moving the adoption ,of
the report, he would briefly refer to the position of tb e
company. About twelve months since the share -
holders gave their consent to the terms of agreem en t
of the proposed
the London amalgamation of this company wrah
4nc4 Brighten Railway. The lalll

autlrorising that amalgamation had, however,
been thrown but in the House of Commons.
The same circumstances which previously were con-
sidered as strong reasons for an alliance with the
Brighton Company still existed with equal force.
He thought that it was yet within the possibility of
events to recover the moneys already spent in the
concern, or to make some arrangement by which the
line would be made profitable to the shareholders. If
the line was not made there was no doubt but that
all the moneys hitherto expended would be lost,
and unless they could make up their minds
to complete it the concern must at once be abandoned.
Now, there was no doubt but that the line, if made,
would prove a paying one ; there was also a very
strong feeling in the county in favour of the line on
the part of the landholders through whose property
the line would pass. He had received a requisition
signed by upwards of 800 landholders, urging the
directors to make the line. To that requisition he
would, however, take the opportunity of answering,
that if they wished to have the line made, they must,
of course, come forward and render some assistance
in making it. In the present position of the com-
pany the utmost reduction had been made in the estab-
lishment, and Mr. Cubitt and his; son, the civil en-
gineer, had most handsomely promised to give their
services gratuitously. He would therefore conclude
by moving the adoption of the report.
In answer to a question put by a SHAREHOLDER,
Mr. CUBITT said that the line could be worked well
as a locomotive line, and could be constructed at a
cost of about 1,100,0001.

The report was carried unanimously, an amend.
ment which had been proposed having been with.
drawn.

A resolution authorising the the re-election of
Benjamin Baines, James Robinson Greig, John
Laurie, and James Whiskin, Esqs., was then una-
nimously agreed to.
A SHAREHOLDER then moved, as an amendment,
that the vacancy in the direction should not be
filled up.
JOHN LAURIE, Esq., one of the directors, seconded
the amendment, which, having been put, was declared
to be lost.

Some discussion then arose upon the re-election of
Mr. Greig, one of the directors, on the ground of his
being a holder of land through which the line would
pass, but ultimately the original motion was agreed
to by a large majority.
A vote of thanks ;was then given to the Chairman,
and the meeting broke up.

THE LONDON GAZETTE.

(THIS EVENING.)

CROWN-OFFICE, AUG. 22, 1847.
MEMBERS RETURNED TO SERVE IN THE PARLIAMENT

SUMMONED TO BE HOLDEN AT WESTMINSTER, ON
TUESDAY, THE 21ST DAY OF SEPTEMBER, 1847.
Errata in " Gazette" of August 13th.
For, County of Caithness—James Loch, of Albemarle-
street, Middlesex, Esq. ; read, Burghs of Kirkwall, Wick,
Dornoch, Dingwall, fain, and Cromarty—James Loch, of
Albemarle•street, Middlesex, Esq.

In " Gazette" of Tuesday, August 24th.
County of Somerset (Western Division)—For, Sir Alex-
ander Flood, of Wootton, in the said county, Knt. and Bart.;
read, Sir Alexander Hood, of Wootton, in the aid county,
Knt. and Bart.

WAR-OFFICE, Auc. 27.

Coldstream Regiment of Foot Guards—Henry William
John Byng. Esq. (Page of Honour to the Queen), to be
Ensign and Lieutenant, without purchase, Aug. 27.
14th Regiment of Foot—Assistant-Surgeon William
Lloyd has been allowed to resign his commission,
Aug. 16.
Cape Mounted Riflemen—Lieutenant John Bourke,
from the 17th Foot, to be Lieutenant, vice Turner, ap-
pointed to the 65th Foot, Aug. 27.
HOSPITAL STAFF.—John Thomas Clarke, M.D., to
be Assistant-Surgeon to the Forces, vice Batley, ap-
pointed to the sth Foot, August 27.
Erratum in the Gazette of the 13th August.

MEMORANDUM.—For the promotion of Lieutenant
Charles Frederick Browne, of the 28th Foot, to be con-
sidered as without purchase, &c. ; read, the promotion
of Lieutenant Charles Frederick Browne, of the 25th
Foot.

asked ; fine strong yellow fetched 51s to 51s 6d, and
good 49s to 50s 6d.
MAURITIUS.—This afternoon the quantity offered at
public sale amounted to 10,227 bags and 13 casks, the
demand was active, and the whole sold at a further rise
of Gd to ls.

FOREIGN.—On the part of the home trade here a
stronger desire has been manifested to operate this week,
and privately they have taken several parcels of various
descriptions, paying an advance of 6d per cwt, and our
refiners working under bond have operated with more
freedom. For exportation the demand has been good.
whilst merchants have obtained prices 6d above those
previously current. At pnblic sale 368 bags of Java
went at stiffer rates. Of Cuba Muscovado 250 hhds
went at stiffer rates. Of White Havannah 130 chests,
in bond, were taken in. at 28s to 28s 6J for good white,
slightly damaged, and middling at 27s to 27s 6d. The
shippers have been the chief purchasers at the pvblic
sales.

TEA.—Holders of Black remained firm, and will not
sell, but at full rates, there has, however, been little dis-
position evinced to operate in any kind privately. Far
common and good sound common Cougou cash 9d to 9id
per lb are the prices insisted upon. For Green the
market has a quiet appearance, but the prices
obtained have been equal to those that existed
previously, and holders evince firmness. The better
ketter kinds of young Hyaena have, however, attracted
attention, and a fair amount of business has been done
at a rise on former rates of 2d per lb. Of the 5,500
pkgs offered at public sale yesterday, only 1,200 were
sold.

COFFEE.—This afternoon at public sale 29 casks
of Jamaica Coffee sold at about former rates—good
ordinary 40s to 435, flue ordinary 50s, fine fine ordinary
53s to 555, triage 30s to 36s 6d. 100 bags Laguayra
were taken in at 60s to 63s for low middling colory,
which is above the previous value. 354 bags and 6
casks of Plantation Ceylon sold at the former currency—
low middling grey at 555 to 565, fine ordinary 50s to
50s 6d, pea berry 653 to 68s, sea damaged 35s to 63s 6d,
triage 32s to 395, and low 19s to 28s. 81 bags Rio were
taken in at 34s for line ordinary.
COCOA.— This afternoon West India Cocoa was
operated in with caution, and 497 bags at auction were
only in part sold at a fall on former rates of 2s to 3s
per cwt. Trinidad, middling to fine red went at 46s to
50s 6d, St. Lucia, low and middling greyish red 43s to
45s per owt.

SPICES.—The demand for nutmegs has not been so
good, and a decline in prices of Id to 2d per lb took
place; privately there has been little passing in shipping
or in home trade auction ; at auction 18 cases and 3 bags
were sold. For Mace the market is quiet, and previous
rates are with difficulty supported. Cloves are held for
full rates, but little has been done privately. Ginger is
dull of sale, and for Jamaica prices have fallen.
For Cassia Lignea there are few buyers, and
although the supply is small prices tend down-
wards. The purchases made in Cinnamon are upon
a more extended scale, and the rates obtained
are rather above those of the last quarterly sale; at
auction 111 pkgs sold at Is to Is 6d for inferior. Black
Pepper is offered upon previous reduced terms, still ex-
porters and the home trade have operated with caut;on
by private treaty, and none has been offered at auction.
RICE.—To-day East India Rice was sold to a small
extent only privately, but former rates were supported:
1,750 pockets 10 bugs Bengal were offered at public
sale; mid white, but rather dusty, sold at 16s to 16s 6d,
damaged lOs 6d to 15s, ordinary yellow was taken in at
13s; 100 bags Bombay sold at 13s for fine sound yellow,
which is a little cheaper; 91 casks Italian cleaned taken
in, fine white 19s; of Tapioca 46 barrels were taken in
at 444 to 5d per lb.
Roar, BRANDY, AND HOLLANDS.—lmporters of Ja-
maica Rum having been willing sellers upon previous re-
duced terms occasioned the home demand to be good for
all kinds, whilst exporters have been purchasers to a
fair extent : the total sales for the week amount to 300
puns, plain and middling quality 33 to 38 per
cent. over proof at 3s. 9d. to 3s. 10J. For East
India, the market, however, has a flat appear-
ance, and 2s. to 2s. ld. is the value of proof. Leeward
Island is little required. The business done in Demerara
has been trifling, and 3s 3d to 3s 74 is the value of
strong. In Brandy, there has been little passing in any
kind, whilst holders are willing to sell. Geneva is only
in limited request for exportation. The price of British
Corn Spirits is Its for English, and los lld to Ils for
Scotch and Irish.

INDlGO.—Although East India kinds can be obtained
rather under the rates of the last quarterly sales, still
all kinds have been operated in with caution by the home
trade, whilst the shipping orders are trifling. Spanish
is little required.
SALTPETRE.—To-day the market was better supplied
with Rough. At public sale 3,425 bags of Calcutta were
offered, but little desire shown to operate, and a small
part sold at former rates.
Lee DYE.—The deliveries are going on satisfactorily,
and nearly as large as they were in the past season by
nearly one half, and the stock is smaller by 2,575 chests.
Prices are, however, above those of late years, and the
quantity expected to arrive is small. Holders have
confidence, and offered none at public sale this week,
but privately the purchases mado have been of little
moment.

Wm.—This afternoon at public sale 112 tuns Colonial
Sperm partly sold at rather lower rates; fine 84110 s to
851, low dark 80/, and Headmatter 861. 43 tuns Southern
Whale sold at 241 13s to 261 5s for low to good double
compass, being cheaper.
TALLOW.—This afternoon the market was in a dull
state for all kinds of Tallow, and 97 casks New South
Wales at public sale went at rather lower rates.

EGJIAM RACES.
(THIS DAY-BY EXPRESS.)

The Amateur Stakes.

Master Stepney... •111 •.. 3 1 1
Ould Ireland ... 1 3 2
••• ... ••• •••
Bohemienne ... ... 2 2 3
... ••• ...
Won easy.
The Queen's Plate of 100 Guineas.
Mr. John Day's The Hero ... ... walked over
The Surrey and Middlesex Stakes.

Forest Flower
Subduer
Filly by Aatracan, out of Nannette
Won by six lengths.
BETTING ON THE COURSE.
ST. LEGER.

5 to, 4 on Cossack.
10 to, 1 agst Pilgrim.

GREAT YORKSHIRE HANDICAP.
8 to. 1 agst Pilgrim—taken
10 to 1 agst Palma
10 t.,) 1 agst Miss Burns
LEAMINGTON STAKES.
5 to 1 agst Wolfdog

FRIGHTFUL
STEAM BOAT EXPLOSION

(THIS DAY.)

(continued from our Afternoon Edition.)
LATEST PARTICULARS.
SUN OFFICE, SEVEN O'CLOCK.
Up tr, this hour fifteen persons, more or less in-
jured, have been taken to the workhouse and the
Chartreg Cross Hopital. Of these four are dead ;
the c t hers are under medical treatment. The
escape- of policeman F 111, and his family,
were most miraculous. The man, with his
wife rand children, had gone on board the boat
with the intention of proceeding to London-bridge.
They' had seated themselves on deck when suddenly,
on the explosion taking place, they were all blown up
into tike air and descended into the cabin of the
vessel,, which was under water, the sides having
been lo' town out, and they managed all to scramble
on sh o: re through the sides of the vessel unhurt. The
Rev. 11Ir. Smith, the chaplain of the St. Martin's
workhouse, with his lady, were among the persons
who had pail their fare to go to London-bridge.
Mrs. S mith had got on board, and Mr. Smith was on
the pit Ir about to step on board when the explosion took
place. .Mrs. Smith was scalded by the steam, and was
blown into the water, but was fortunately rescued.
Mr. S with escaped unhurt, the explosion having
taken l 'face as he was in the act of stepping on the
lighter in order to get on board the boat. The wreck
is still under water, as the tide has not sufficiently
receded tto enable persons to examine her cabins, con-
sequentry the full extent of the mischief cannot as
yet be a sic ertained. The following account has been
forward( f'7l us by a gentleman who was coming
down river from Vauxhall shortly after the
accident happened. "On arriving at the West-
minster rier, we were informed that an explo-
sion of o n, s of the halfpenny steam-boats had taken
place, anti that several lives had been lost ; conse-
quently e were all on the look-out. The banks of
the river !from Westminster to Waterloo-bridge were
crowded, and thousands were assembled on the
Hungerf 'o: rd suspension bridge, tho Adelphi-
terrace, and tho various piers on the river.
There w ex e boats dragging in all directions in the
neighbor '.fr hood of the wreck, and as we approached
the Ade'/p ,hi Pier the wreck was distinctly visible.
The who h of the after part of the vessel (that is to
say the :part lying towards Westminster-bridge,
was u ader water. The funnel was gone,
but fife paddle-boxes on each side were
apparently uninjured. The name " Cricket" could
be distink-t1 ly seen, both on the inside and the outside
of the pudgy lle-boxes, which must have been held to-
gether ty the keel, for the deck was destroyed,
and be Neen them flowed the River. The

-, ~. _

head of the boat (that is to say the portion
directed from the paddle-boxes towards London-

bridge) appeared perfect, so that the explosion must
have taken place in that part of the boiler which was
nearest to Westminster-bridge. During the day the
banks of the river in the neighbourhood of the accident
have been crowded, and but for the efforts of the
police some fearful accidents would have occured
from the extreme pressure of the crowd. For in-
stance, on the Adelphi-terrace there were symptoms
of the rails giving way, but the police kept
the crowd back, and prevented undue pressure.
Too much credit cannot be given to the police for the
judgment and the excellent temper which they have
exhibited throughout the day in the performance of a
most difficult duty.