The Sun.
London, England, 1847-03-27 00:00:00

STANDING ORDERS COMMITTEE.
The Commitee met yesterday at the usual hour for the
dispatch of public business.
IMPORTANT ANNOUNCEMENT.
EDINBURGH AND PERTH RAILWAY.
This case came again before the attention of the Com-
mittee, having been adjourned for further consideration on
two previous occasions. After hearing a number of wit-
nesses, the Committee decided that the standing orders had
been complied with, and the Bill was allowed to proceed.
The Committee then adjourned at four o'clock.

SHREWSBURY and BIRMINGHAM

RAILWAY COMPANY.

The second ordinary general meeting of the proprietors of
this company was held yesterday at the London Tavern; the
Hon. Mr. Clive in the chair.

The SECRETARY having read the advertisement calling the
meeting, submitted the report, from whilch we make the fol-
lowing extracts :
"The amalgamation with the Shrewsbury, Wolverhampton,
and South Staffordshire Company, which was announced at
the last general meeting, has since been completed by the
registration of class B shareholders, who are now required
to elect six directors, being one-third of the maximum
number prescribed by the Act of Incorporation, and to fix
the remuneration to be paid to the same. The agreement
between the two companies stipulates that each shall pay
its own expenses prior to amalgamation ; but as this would
have been cancelling so much of the capital of the two
companies without any advantage to either, and would
be unfair te, in the event of the
being hereafter leased-Dr company, it was
~roe.r to credit the shareholders of class B rharea ',all the
_furl deposit originally paid by them, and to charge the ex-
penses of the Shrewsbury, Wolverhampton, and South
Staffordshire Company to the joint scheme between Shrews-
bury and Wolverhampton, in which both classes of share-
holders are equally interested. On the same principle, the
directors consider that the bonus of 26,000/. obtained on
amalgamation with the Dudley and 111adeley Company should
be added to the capital of class A shareholders, instead
of its being deducted from the expenses incurred up
to the date of incorporation, which will then appear at
the amount actually expended. In conformity with this
opinion, a resolution will be submitted to the present meeting,
adding 10s. per share to the paid up capital of class A share-
holders, which, if the same is adopted, will hereafter stand in
the company's books at 31. 10s. per share. The proportion
of expenses incurred by this company in respect of the Bir-
mingham, Wolverhampton, and Stour Valley line has been
duly claimed in virtue of the agreement between the two com-
panies, but the items constituting the same, and amounting to
33,684/. Bs. 4d., have not yet been examined, and consequently
the claim has not yet been agreed to by the Stour Valley Com-
pany. The directors of this company, however, have considered
the amount claimed as forming part of the first call of V. 18s.
per share made by the Stour Valley Company, and having
paid the difference, the balance-sheet of this company shows
the sum of 69,3751. as contributed towards the capital sub-
scribed by class A shareholders. The amalgamation with
the Shrewsbury, Wolverhampton, and South Staffordshire
company being completed, the authorised subscribed capital
of the company will stand as follows:—
"Class A shares, representing one-half of the
capital, to be raised between Shrewsbury and
Wolverhampton, viz 500,000
And amount authorised to be subscribed towards
the capital of the Birmingham, Wolverhampton,
and Stour Valley Company, viz

Together £BOO,OOO
or 15/. 7s. 9d. per share.
Class B Shares, representing the other half of the
capital, to be raised between Shrewsbury and
Wolverhampton, viz ..................................
or 91. 128. 3d. per share.

500,000

Total capital ..............................£1,300',000
The directors are proceeding with the main line as fast
as the nature of the works will admit. The contracts for the
part between Shrewsbury and Wellington (held jointly
with the Shropshire Union Con3pallY), and for the
part between Wellington and Shiffnall, have both been let
to respectable contractors under the Parliamentary estimates.
The directors have made a call of 1!. 15s. per share on class
B shares, payable on the 15th April ; and it is intended to
make a call of 21. 10s. per share on class A shares, payable
in August next ; it is expected that no further call on class
A shares will be required this' year, although that must
depend on the progress made with the works both of this
company and those of the Stour Valley Company. Interest
at the rate of 41. per cent. per annum will be payable on the
deposit and calls; but 'no interest will accrue in respect of
calls in arrear. Interest warrants to the 13th inst., when the
transfer books were closed, will be issued on the 10th April."
The Off AIRMAN, in moving the adoption of the report,
apologised for the absence of Mr. Gore, the chairman of the
company, who was unavoidably kept away by illness.
He congratulated the meeting that they had the good
fortune of uniting with their opponents, and they were
now engaged in effecting one common object. He
trusted the result would be beneficial to the public and the
proprietors. He was glad to state that they had a balance of
84,597/. to proceed with their future operations. In August
next there would be a call made, which was strictly in con-
formity with the promises held out by the directors. He was
also happy to congratulate the meeting on the circumstance
that ss. per share had covered the expenditure, which was
just one-half of what had been estimated. The Honourable
amalgamation moved that the
withs um
updel re
yD shareand
received Chairman having adverted to the future proceedings
company, as detailed in the report, moved the adoption of
eCdri asn
the report and its circulation.
The motion was unanimously agreed to.
Theeh, of the
lalubonus on
then
Madeley Companies. be added to the paid
_up capital of
class A shareholders. _ .

Tbis;;;OfiTtiOn-Was unanimously agreed to.
SPECIAL MEETING.

The meeting was then made special for the purpose of
submitting to the proprietors the draft of a )proposed Bill
to enable the Shrewsbury and Birmingham Railway Com-
pany to make branch railways to Bladeley and Ironbridge,
and to join the London and North-Western Railway, and for
other purposes.
Also for the purpose of submitting to the proprietors of
class A shares the proposed terms of a lease of the Birming•
ham, Wolverhampton, and Stour Valley Railway Company
to the London and North-Western Company.
Also for the purpose of class B shareholders electing direc-
tors and fixing the remuneration to be paid to the same.
The CHAIRMAN then proposed a resolution, sanctioning the
proposed Bladeley and Ironbridge line, which was unani-
mously agreed to.
The CHAIRMAN then put the next resolution, " That this
meeting does not concur in the terms of lease of the Birming-
ham, Wolverhampton, and Stour Vall9y, line to the London
agreed upon
yempowers the
abnydthNeordtihre-cltVoerssteorrntChoosme ptawnoy,caosmpparonsi-eiss,ioannadl
directors of this company to oppose the same in Parliament."
The resolution was unanimously agreed to.

It was also moved that six gentlemen;e added to the
directors of the company by class B shareholders, and that
the remuneration to be paid to the same be 500/., which was
agreed to.
A vote of thanks was then given to the Chairman, and the
meeting separated.

The advance made by the English capitalists to
the Bank of France, and which is now in course of repay-
ment, has been generally understood to have been 800,0001.
It appears, however, that the amount was 1,000,000/,
whicb, under present circumstances, is so much the more fa-
vourable. Of this sum about 300,0001.
.or. more is believed
to remain in this country, the tratenustlon haying been
delayed.