The Sun.
London, England, 1847-08-06 00:00:00

THE ORATION.

At twelve minutes to two the Rev. I) .ctor Miley,
Nhose name has become so famou3 thr,tugnout Christen-
lom, and who may not inaptly be called the- Irish 13.1
Ira Ventura, ascende'd the pulpit and pronounct-d the
uneral oration—an oration at once worthy of his own
,reat powers acd its illustrious subject. During de-
livery the reverend gentleman shod tears, where he
touched on the history of the pilgrimare to Rome, and
related the incidents of their voyage. In conclusion, he
4ave it as his opinion, in the most earne-t and touching
tppeal, that Mr. O'Connell's remains should be buried in
the spot which the Liberator loved so well—Darrynane
Abbey. __ _ _

We- cannot think of mutilating the eloquent and mag-
nificent discourse by giving a meagre sketch which is all
we could possibly do this post, from the hour we go to
press. _ _ _

We may mention that the tolling of the great bell of
ihe cathedral, which gave forth at intervals of a minute
its melancholy peal, ever since the arrival of the remains,
with the exception of the time Dr. Miley wag preaching,
Acids much to the solemnity of the feeling with which all
are impressed.—Dublin

The rise in the rate of interest commenced by the
Bank of England a day or two back, and formally an-
nounced by the Court yesterday afternoon, is a step
calculated to convey useful instruction to those who will
examine it dispassionately, and endeavour to understand
'he real causes which are at present exercising an in •
duence on the money-market. An active and intense
demand for capital now exists, arising principally from
the new field for its employment created by railway ex-
penditure, while at the same time a considerable amount
of foreign transactions connected with the recent im-
mense import of provisions remains unadjustel. Tt.e
joint operation of these two considerations raises the
value of money. The actual value of loanable capital is
increased in consequence of the increased demand for it,
and the value of money. as forming the circulating
medium, is increased t, mporarily in consequence, of a
renewed tendency to export silver to the continent and
;old to the United States. Under these circumstances
the Batik of England finds it necessary to increase its
-ate of discount—first, because it would oth ice be
advancing money at a lower rate than the real market
value, and, by so doing, would expose itself to an un-
limited demand, which, of course, it c ,uld not satisfy;
and, secondly, because the tendency to an export of
bullion might otherwise remain unchecked, and proceed
to an uncertain and, possibly, dangerous extent. Of the
propriety of the course now adopted by the Bunk no
-easonable doubt, therefore, can be entertained; it is in
lue harmony with the natural tendency of events, and
is calculated to place the Bank in a rational and safe
position, both as a body having a large amount of capital
to advance upon loan, and as one connected with the
:management of the circulation. But how is this action
on the part of the Bank, now so obviously reasorable
and necessary, to be reconciled with the suppoied expe-
diency of relaxing action on the part of that in.tit.ut-
:ion some months since? If inste
s
firm attitude in April last under the provisions ()
pos.
ad of maint.iintiof
law
which left it no other alternative, the
.Batilt) had
er!
who
sessed and exercised at that time a lintnX
segue
ul
re
would at the present moment have
thate the
the Bank world
have such relaxation? It is clear
itself to unna.o
have continued to advance money under, the real tannarikine-t
value, thus subjectingour foreign
limited demand; thbeatenthaetreacdt'u.stment of
'led to an indefinite extent
imports would haveb
bullion, thus reducing our store of
by the export of. u
specie to an unsafe point a'nd endangering the basis of
our monetary system;
and that, instead of the gradual
%talon now commenced to meet and correct the difficulty
which has arisen, we should have been exposed to a
much more sudden and much more violent action for the
purpose of meet.ng a difficulty more severe in its cha-
racter, and aggravated by that trona which we are now
fortunately preserved—namely, alarm for the safety of
the monetary system, in consequence of the exhausted
state of the bullion.—Times.
ROBBERY OF SPORTING DOGS.—Yesterday after-
noon, the groom to Captain Claverty, of Wilton-place, fielgrave-square, was proceeding to ship threevaluable
sporting dogs on board one of the Scotch steamers,
when he was accosted by three men whom he met in
Thames-street. They persuaded him that they coulo
get them conveyed at a cheaper rate than he could.
They accordingly adjourned to a public-house in the
vicinity, where they so plied him with liquor that he
became intoxicated, and whilst in that state they made
off with the dogs, valued at 601.
GLASGOW PIG IRON MARKET, AUG. 3.—There
has been little or nothing doing in our iron market for
the last day or two, and prices are,
easier. We quota mixed Nos. 695. 6d„ and all No.
if anything rather
I
70s. 6d. f. o. b., cash in 14 days.
iron
'or sale in the market. There is not much
.
PRICE WALDEMAR OF PRUSSIA. This gallant
Prince arrived on Eriday evening at the Earl cif
lorton's seat at Dalmahoy. where he is now on a
n s
lie was present at the Yeomanry Races, on.s.~'turday,
at AtuiNaltnlrgh, actovtapauied by Lord Ababa.—
$0711771371,

COURT CIRCULAR.
The royal dinner party at o.,borne-, on Wednesday, in..
clu•led his Royal Highness the (;rand Duke (.)ristantine
of Russia, his Excellency Baron de 13r turn. rw, the Earl
and Countess of Wilton, Viscount Palmers•on, Viscount
Jocelyn, Hon. Miss Macdonald, Col. the Hon. Charles
Grey, and Admiral de Luke.

The hand of the Rqyat Marines was in attendance
during dinner, and performed the following pieecs.—
Overture—" II Pirata" ... •••
Duetto Opera-6 Donna Cariteu" Mereadante.
Cavatina Opera—" Ernani" ... Verdi.
German March ... Kuhner.
Cavatina Opera I)on'zetti.
Ernani Quadrille ... Jullien.
Amerieau Polka Jullien.
Viscount Ebrington, M.P., has returned to town.

SPORTING INTELLIGENCE.
BRIGHTON RACES—TauRsDAy.

The Soiling Stakes of 15 sovs. each. 5 ft, and 25 ad& d ;
t. r two yr. 4 olii, is; 81o; three, 9it; the wim er to be

soll for-200/., T.Y.C. (4 subs )
Mr. W<:rl.-s's Cuv. r-hate, 6st 911) (Hortt,hy, jun) 0 1
Doke of Rat, mond's Ou:post„ 3 yrs, SS! 411) ... 0 2
Mr. 4), baldest-one's c L'.nertost, 2 )is, 61 4t) 3
I Mr. 3,1 •styn'. Dast:ltter ,f Tot-car, 2 yrs, 6 4.1 i 4
to 4 •-acli ,gst Daughter ot Toscsr nett Lat, reost
turd sto 2 tiger Outpost. A dead heat hetwi•en Outpost
and Caversham: Lan, rcest colt a bad. third. Run In 1
20 secs Deciding heat-13 to 8o t Outpost. Won
by a kogtl-. Run in 1 non. 22 ..cs.
Fier Al;,j stv's Plate of 100 guineas. floats, two mil.
Lord Str:ttibtok:•'s Lyne• us, 4 ) (B(Baler)1ts1
Monty„'„ King 0! .11 •t vet', 3 vrs, ist 3:11 ... 2 2
Mr.
... 3 3
Elis. 5 yrs, 9st 211)
'Tilbury',
8 M'S.
ib„',..),,G,& tett Rule, aged Bst 511)
... 4 dr
First Hest.--6 to 4 hgst 111s.Ets to 4 mistof Atom n—and 3to 1 ugst 1.) neette. Won easily King
by a
length. Run in 3 mn. 40 bees. Second Heat—ti to 4on Lynceus, who won its a canter. Run in 3 ruin. 37 secs.
The, Tradesmen's Plate by subscribers of 3 sows. each,
with 30 added ; three yrs old, 7st 41b ; four, Bst 61b;
five, 9st 21b, &o. Heats, one mile. (16 Subscribers.)
Mr. Meiklarn's Duncar, 3 yrs..4Watkins) 0 0 1 ' 1
Mr. Osbakieston's Sister to Sorel's' ... 3 1 0 2
Mr. Winch'. Comedy. 3 yrs .. ... 1 00 3
Mr. Gratwicke's The Queen. 33 rs ... 0 2 0 dr
Lurd Chesterfield's fby Don Jor.u,3 yrs... 0 0 2 dr
Drinkaldla Mistress Jt au, 3 yrs 0 0 0 dr
Mr..Rolt's Spring Hook, 3 yrs ... 0 0 odr
Capt. Rodger S's Pride of Eden, 3 yrs .. 0 0 odr
Mr. Dorien's Flash of Lightning, 4 yrs... 0 0 odr
I Mr. G. Hobson's Rochester, 4 yrs 2 3dr -
Mr. H. J. Worley's False Report. 6 yrs .. 0 odr
Mr. Allen's Dictator. 4 yrs 0 0 dr
Mr. Baichin's Sir Edmund, 4 yrs ... 0 0 dr
Mr. King's libliculus Mus, 5 3 rs 0 dr
The first and second heats were won by a length, and
the third and fourth by a neck each.
The 8 .uth Mien Stakes of 10 sees. each, h ft, and 2ff
added ' • gentlemen riders. Heats, the New Course.
(6 Subs.)
Mr. Elws's Me .senger. 4 yrs, llst 41b...(Owner) 1 1
Mr. Hobson's Rd-Insole, 4 rs, lOst 41b
... 2 2
Count 13,tthyany's Mister Stepney, 5 yrs, l lst... 3 3
13 to 8 apt Messenger, who won the first heat by a
length, and the second in a canter.
llgicitch, 50 soya., gentlemen riders—Mr. Motbews'
Outcast, 10st 71b (Mr. P. Rult), butt Mr. ILbson'a
Craven, list.
TATTERSALL'S, YESTERDAY.
A blank day.

CRICKET.

THE GENTLEMEN OF KENT. V. THE GENTLEMEN OF
ENGLAND.— Ye4terthy this match was commenced at
Canterbury, and Kent having won the to-s, went to the
wickets first ; their innings terminated with the follow-
ing results, shortly before five o'clock :--

SENT.
W. Wynn, Esq., hit wicker, b, Denison
C. G. Whittaker, E.q., b. Fellows ...
L. H. 11,yley, Esq., e. Baldwin, b. Denisyn
N. Felix, not. out
A, Alynii, F.-q., b. Latour
S. Dotteoti, hsq., c. L vont., b. Ftillows • • •••
C. Harene, run out ... . ••• •••
Tarwell, E-q., b. Feho,, s •••
C. Randolph. s. Nichiilson, b. Denison. ..• •••
A. Harene, s. h. Denison ... ••• 2
F. FrederielisrEAT., o. Kynaston, b. Denison ...
Byes, 1, wide (Latour 3, Fellows 1) 4 ... • • 5

... ... 11

England had just gone in when this accqunt was izeut
from the ground. There was an immense attendance of
the aristocracy and gentry of the cou►.ty.

ROYAL SOUTHERN YACHT-CLUB

AIFA
SECON I) DA Y.

SOUTHAMPTON. TH URSDA Y. This wail the seeon.l and
conelud;ng day of the regeua, %%Well was ushered in
with a showery morning. The wind blew tredi,westaly
veering at times to S.W., rather !quAlly.
A Grand Time Subscription Rket• of 5 scvs each, for
vessels of any tonnage, with a Piece of Plate added
by the Ciub, value 20 guineas. The second yacht to
save the entrance money.

Yachts. Tons. liig. Owners.
Zuleilta 20
heroine

Don Juan 8
Winz,,,ppa
Eclipse
Gleam l5 .. ... Ditto
The course for this naaich was altered from the others,
being d•i A n the river from off the pier, round the N.W.
buoy of the Stourbridga, off Hyde. thence to ti,e Lesser
Buoy, “Ild back round the flag boat, opposite the Club-
totn.e, to win, being a distance of about 40 miles.
The vessels urtivial et the goal as follow, ~.----
-Yriants. h. tn. s.
Eclipse (coiled by J. Tiorn(i)
Heroin., (stoltd by J. Nicholls)

. . - .
It was a time match. but: 11) olio,, ante being given by
the Eclipse (according to agreetnon,) to the Heroine.
Th. tOrmrr von by I win. 15 sec. The Zuleiki did not
arrive till a :me time alter the other yachts. Both yes:kis
ure built by Mr. Evatahttl, of Poole, and the watch is
considered a wry fast one.

SECOND DACE.
A Silver Cup of 20 guineas value, for cutters not ei•
ceediott 16 tons, O.M. Three to start or no race.
Yachts. Tons. Owners.
Mazeppa
Gleam
Don Jan 8
These pichts started within bight of Southampton,
going from the pier to a buoy off High Cliff, and to the
starting boat. Twice round.
The three started well together, and had as much wind
as they could stand under. The Mtzeppa took a clean
lead in the first round, and improved on it, arriving IS
the station as under :

.
Yachts. m.
s.
Mezeppa ....... 5 I . 0
Gleam
Don Juan
A Purse of Sovereigns, given by the Club in tutee
prizes, for Hythe sailing boats.
Yellow Hammer (fl. Blanchard) I
Swift ......... . ................................... (T. Stevens) 2
I-Don't-Know .................................(R. Welsh) 3
Nimble (T. Bradshaw) 4
Gratitude ........................ . ....... (IV. Aldri,lgo 5
A good race between the first three boats, Yellow
Hammer keeping the Icatl'all the way.
The club dinner took place this evening at tie Club-
house, attar whirh there was a display of fireworks.

The Emperor of .Rus.-ia has just accorded the title
of Prince o. the Russi-n Empire to one of his pages.
Sultan S • hio-utt•rai-Tchinguis, in gratitude for thu
..
services of his father, lijetianguir-Kh.n. The iitmv:
of Ghirai, which reigned in the Crimea from the b',
tu
teenth century, until it was incorporated wi
en.
empire of IL:a..tit, desceLds in a direct hoe from (ib
gin Khan.
FALL IN TUE PRICE OF BREAD.—yesterday there
I,
was a rreduction.4 one hairvennyl,e he price il !he C
,cription being ...1..,
loaf of wheaten b-ett.l, the best 5p., and India:. coin
second quality 60., ~.)e bread
t
Appeared in
GREENUITHE.—A
AT
breadl :IfAi.
it,ILlesGatEDD. loma
-
l'unfEcßontempoinr,Y,
f , ,stendaN w hien, stated
apers o 3 c _
.. ~.
murdered in the public
G., e,,n Ole. Upon making
severalre port ,
had been wilfully ,
h.
that a min hhey,
coospsiheedLfrziosai
pl,.c
s A ,
road, near
In'4rea,certaineci that the names and several
inquiries, it was
of th"vents connected with the occurrence were incor-
the following are the short facts
of
the ease,
reedy given, but
as Mated at the inquest which has since been
held before Mr. C. J. Carttar, the Coroner for West
Kent, at the Hull Trader Tavern, Greenhithe :—lt ap-
peared that the deceased, who was a labouring man, was
named Thomas Cartar, and was forty-eight years of
age. On Saturday afternoon last he and a woman crossed
the river from Essex, both litint4 at the time the worse
for liquor. The deceased, on getting to Greenhahe, laid
down in ih, mai, and soon fell asleep ; shortly after-
wards a 0.. T. on named Thomas Gerrard, the .uperii ten.
dent blacksmith on the South-Eastern Railway works at
Greenhitho. who was aho the worse for dunk, came,
along on horseback. The animal, ou seeing the dec. asedi
lying in the road, shied, when Gerrard rode back aJcos
distance, and then attempted to m ke the animal esqoP
so as to jump over the unfortunate man, but
the nose of
toboeber
had it got up to him :gain than it shied the second time.
o
Gerrard cmtnenced whipping the iniiinailt,hto make it
either pass by or leap over the two', hut
h,7 out effect,
and Ihe dem tsed suddenly awak rig,
,f:w
the horse near his face, when
121), gn'e the hon.,. a slapt
hurt mo." Ger
u
on the mouth, and cried out ••
wte3hing his horse, and
rard was exasperated at.
e nthetsrriQatioe, jumped off his horse
being in a state of semi-!
and dragged the mail into
the middle of the road, and
then with both her"
d he lifted him up and forced him
afterwards struck him a couple
will. and
back against a
of violent blows. The deceased immi-diately feil to dm
ground. an
d the accused mounted his horse, and w a
being gentle trot, probably not
riding sway .at a _ aw,
that sula
h, hal injured thedeceased. Several persons who were
near at the time went to the poor man's tissistancei'when
they fou
taken into cnd him dead. Gerrard was qUickly brought;
beck and ustody. Mr. Seacombe, a surgeon -'
of the town, who had made a posV.mortem examination or
the body, proved that death was caused from the ruptures.
„f some of the vessels of the brain and pressure on tb At
spind cord, produced by the violence he had receive d.
A great many witnesses were examined, who all agre ,ed
to the ill-treatment the deceased had received from 1b
accused, anti they were unanimous in stating that he I had
given no provk.e.ttion whatever to the man. The Lea tiled
Coroner sweated up the evidence at great length, and ,
ibe jury returned a vi--,rd:ct of " Manslaughter" agains t
Thomas Gerrard, who was forthwith committed to Mai, 1...
stone Gaol, to take bis trial at the ensuing assigns,

rtio.l.lc-
,
4-...i...i ...4
4 aoe
14c9E, '
rA,.fir'-' ov, pgi. bal ,
Vglik ~,:,*,
->;
_..
'''
r.....t,
Ilkik '

Tll,tr libtooli

SUN OFFICE. Seven o'Clock

EAST INDIAN RAILWAY.
(nits DAY.)
A meeting of the registered shareholders of this com-
pany was this day held at the London Tavern, liisteips-
gate- street, for the purpose of confirming an agreement
made by the directors with the directors of the Great
Western of Bengal Railway Company for the amal‘a-
mation of the two cow pailie-e and of ailopting the mea-
sures necessary for carrying the same into effect, and also
of receiving a report from the directors,
The chair was taken at one o'clock by Sir G. Larpent,
chairman of the company. The notice convening the
meeting' having been read,
The CHAIRMAN proceeded to read the report of tll!
directors, from which it appeared that the company d
been registered under the Act of 7 and 8 Vic., c. 110;
that all the necessary conditions had been complied
with; and that the directors had brought their negotia-
tions with the Eaat India Company to a close. The
terms upon which the lion. East India Company had
previously proposed to sanction the construction of two
sections of the great trunk line of railroad from Calcutta
to Delhi, through liirzvore, one in the lower and the
other in the upper provicces, were:—that the land for
the railway should be granted free of all cost for ninety-
nine years; and that interest a: the rate of four per cent.
per annum for fifteen years on :he capital employed on
these sections (no. exceed;ng 3,000,000/. sterling) should
be advanced by the lion. East India Company, such
interest to commence as soon as the contract should be
arranged, and the sum of 500,0001. paid into tho East
India Company's treasury; repayment of said interest
being made when the profits of the line should exceed
four per cent. The directors did not consider
these terms sufficiently favourable to induce them
to propose to the shareholders the adoption thereof.
The directors considered the rate of guaranteed in

terest too low, the peried too sive% and the sum re-
quired to be paid down too large. Upon all these peinee
the directors were happy to state that the Hon. East
India Company bad met them with fairness and libe-
rality, tn I had agreed to raise the rate of intereat from
four to five per cent.; to exetaid tie term f. om fitteen to
twenty-five ears; and to require 100.000/. only to he
paid upon the arrangement of the contract. The terms,
therefore, which the directors had now to sut.mit
to the consideration of the shareholders were—that
the East Indian Railway Company was to undertake
to construct in the first instance, and to keep and work
when constructed, two sections of their proposed line of
railway between Calcutta and the north western pro-
vinces in India—one section in Upper and the other in
Lower India; and toexpend thereon the sum of 3,000.000/.
sterling. The Railway Company was to carry the Govern-
ment mails free of coat, aad the troops and military stores
at the lowest fares charged to passengers and goods. In
consideration whereof, the East India Company was to
guarantee a minimum dividend of five per cent. per
annum upon sums which, in the course of three years
from the date of the railway company signing the first
contract with the &Ist India Company, should be paid
into the East India Company's treasury by the railway
company, to an extent nut exceeding 3,000,0001. ster-
ling. This guarantee was to continue tor a period of
twenty-five years, and the payment of the interest was
to commence as soon as the pa) ment into the East India
Company's treasury should amount to 100.000 L and was
to be made in London halt yearly. The East India Com-
pany was to provide and lease to the railway company,
without charge or exp-r4e, for ninety-nine years. all the
land required for the railway, the land remaining the
properly of the Government. When the profits of the
railway exceed tire per cent., the excess was to be di-
vided between tie East India Company and the railway
company, until the amount which may have been ad•
vanced by the East India Company shall have been
repaid: thus, supposing the line to pay 10 per cent., the
proprietary would receive 7 per cent., and the Govern-
raent_2f, until the advances should be repaid, when the
whole of she profits would revert to the proprietors.t It
was the unanimous opinion of the directors, that these
terms were such as they coull most fuliy recommend
the proprietors to adept; offering as they did advantages
superior to those enjoyed by any railway company at
home or on the continent, and remaving the difficulties
which, in. times like the present, might otherwise pre•
vent the railway company from raising the necessary
capital. for an undertaking in so distant a cauntry as
India. The gurrantee established the railway payments

up to 3,000,060/. sterling on the basis of a Government
5 per cent. stock, and offvred a safe and eligible invest-
ment for money at a fair rate of interest, payable half-
yearly in London, for twenty-five years. In addition to
this certainty, the proprietors might reasonably indulge
the hope of an early participation in the profits
of the railway, which had been shown, by the data
laid before them in April last, to promise a large addi-
tional compensation to the persons who might be
disposed to embark their capital in the undertaking.
Should the proprietors concur in these views, the direc-
tors hoped that authority would be given to them to close
with the proposals of the Honourable East India Com-
psny. The directors were prepared to take immediate
measures for carrying out the undertaking ; and they
hoped to be able to make such arrangements as would
ensure the commencement of the works during the cahl
season of the present year. To accomplish this, a com-
mand of funds to some amount would be required, and
they relied, therefore, upon the proprietors immediately
registering their shares; for upon the number of shares
registered, every arrangement must depend. The direc-
tors would receive payment in anticipation of calls, so as
to allow parties to avail themselves of the East India
Company's guarantee at once; but until the registration
of the shares be completed, the directors could not state
positively what amount per share could be so paid; they
were prepared, however, to take the responsibility of re-
ceiving 15/. per share, expecting that the whole amount
required would not exceed 20!. out of the 50!. share.
The proposed amalgamation with the Great Western
Railway Company of Bengal would be upon the follow.
ing terms

1. That the subscribed shares in the Great Western
of Bengal Railway Company be exchanged for an equal
number of shares in the Consolidated Jompany.
"2. That the relative expenses of the two companies
be equitably adjusted by mutual arrangement.
"3. That three of the directors of the Great Western
of Bengal Railway Company do join the Consolidated
Board.

•• 4. And that the claims of the officers who may be
displaced by the amalgamation, be considered by the
Consolidated Board."

The Hon. Baronet then went on to say that no
time had been lost in laying the result of the nego-
tiation with the Board of Control before the share-
holders. He always considered it necessary to have
a subetantial proprietary; that had been ootaine4 by the
company to their fullest satisfaction. It was most im-
portant to know the setual amount of shares registered,
because if the shares were regist+ red to any consider-
able extent the calk would of course be considerably
less. For the present year no larger sum would be re-
quired than 100,000 L, which would be sufficient to corn
mence proceedings at once in India ; but it must be
borne in mind that 5 per cent. would he paid to the
shareholders upon that sum. With respect to the
amalgamation referred to in the report, he felt that they
would be adding strength to their concern by taking these
parties into the management with the present direction.
Proposals of amalgamation had been made by other
companies, but, under existing circumstances, the
directors could not recommend them, to the proprietors;
but, as this undertaking was clearly understood to be
the first to which the sanction aned influence of the Hon,
East India Company would b
hoped that all parties desirous t•f n, the directors
companyrailroads
in India would unite in giving thatcaaraltnotthTst
upon the success of which the future extension of the.
system of railway communication in India depended. It
the great line connecting the metropolis of India. with
the north-western provinces were accomplished, there
could be little doubt of similar undertakings in other
parts of India being ultimately adopted. If the present
opportunity be lost, it was problematical whether this
improved mode of communication, off: ring such
adv.antsges to British India—such additional security
to • the Government—and such benefits to the
whole empire—would not be delayed for many years,
to the serious loss of the present generation. It was
intended to send Mr. S•ephenson, C.E., out to India with
the staff of the corr pan; ; that gentleman possessed the
fullest confid. nce of the directors, and he had rendered
moat 4.-ffiaent services, hitherto, to them. With air.
Stepheroon would also be sent out other persens con
nected with the whole machinery of a ailway comp ail, s. I
was the intention of the company to e •ucate the natives
of India in the use of the machinery connected with rail-
way matters.—(Re hear.)
was one of tne geesater't He felt that this subject
s
had a Governor-iportance. Fortunately they
conseqeence of his Generalgoing out to India, who, in
previousaroer:rnexion with the railway
oracle,
department of the 13,
acquainted with the whole was most intimately
the questions connected
with railways. Ile should be
questions that might be him upon the subject
put to o"I"PY
to answer any
of the motion he was about make, which
was that the report be received,
among the proprietors, and that theo
hereby authoti of to adopt such measuresrs b e and are
may. deem necessary for carrying into Complete effect
the arrangements with the Hon. East India!) Company
referred to in the report of the directors, subject to such
modific ition thereof as they may deem advisable.
Mr. ANDERSON wished to know whether the pro.
prietors would be held liable for any amount beyond the
3,000,000/. stated to he the eapital of the company, to
be expended in any Pxtetbion of the proposed railway.
The CHAIRMAN said that it was not contemplated to
make any further extensien of the line than was on-
eine& nr pots. d He could pledge hitns!-If, on the parr
of the directors not to take a• y oche s!t-pi involvir g a
fur rit r outlay tor extensions vvithout leying the whole
:abject before the sharehePere.
In answer to a question pa by another shareholder,
lam
The c,,mA —also its ed that It was the
intention of the
nary proceedings w dir dor.; when the prelimi-
er. brau,;ht to a eloce, to oh-
Jain an Act of Parl
meat to reduce the 501. share s
into 20/. shares, the b,
ter ,um cons qu.te
necessary for carryitg
company. all theunpaunripmoosuesslyo.f the
The resolution was thena
red to
The CHAIRMAN said that the
nexto resolution was that
approves
this meeting cordially
Great
Western
amalgamation of
this company with the
Railway of
Bengal, upon the terms specified in therernepore and that
iirectors be authorised to adopt measures for carry-
ii same intoeffct, subject uch modifications
might deem pr per.
780'utiou unadrnously agreed to.
of thanks was then, on the motion of sir.
e, given to Mr. Stlheneoterr his able services.
(of the interests of the company.
nizsscni returned thanks, and stated that, if

honoured with their.support, he would continue to do all
that lay in his power to promote the interests of the
comptiny.
A v to of thanks was alas tendered to the Chairman
and diri'vtor,3 of the company.
The CHAIRMAN returned thanks, and the meeting
broke up.

LONDON AND SOUTH-WESTERN

RAILW Y. -0:111.-) DA Y )

The usual half yt arly m.-;-ting of tnia company the
twenty-sixth—was held to-d4y at one o'clock, at the
effaces 4;1 the company, Nine elms, for the transaeti,n of
ordi.nry nosiness or the undertaking,. W. CtrsOin,
E q., .I.p. tor Salisbury, presided. A vast numb, rof
*llan-holders were present.
The advertisement convening the meeting having been
read, the seal affixed to the r: glitter of proprietors, and
the previous minutes confirmed,
The SECRETARY (Mr. Laurentz Campbell) read the
folk:wing report, which, as it is of an important charac-
ter, we give as submitted to the shareholders:—
•" The Directors are happy to state, that notwith-
standing the very great reduction in the fares of this
railway, the long continued winter, and the general
commercial depression, the result of the half-year's
traffic enables them to recommend the same dividend
as was paid at the corresponding period of the last year.
The gross income of the past six months

amounts to ... £192,432 17 0
The grow expenses, including interest
on borrowed capital, amount to ... 105,488 17 3

Showing a balance of £86,943 19 9
of w tech after the payment of the divideed ot 1/. 17s. Gd.
per snere, subject to income-tax, there will remain
39(3 4s. 9d. applicable to the revenue account of the
current half year.
" The directors also recommend, in conformity with
the notice cenveyed in the last half yearly repert, the
payment of 6 0001 to the holders of old 401. shares (con-
solidated eighths), being at the rate of 51. per cent. p r
annum on their capital, from Ist Janu iry to 30th June
last, from which day the 401. shareholders will be entitled
to dividend rateably with the proprietors generally.
" The Salisbury and Bishopstoke Branch, 22 milts in
I. length, was opened lk traffic in March, and the South-
ampton and Dorchester Railway, 61 miles in length, was
opened in June last, but a failure in the tunnel at
Southampton, which has interposed a break between
that line and the main railway, has prevented the new
line from being worked with all the convenience which
could have been wished. The directors anticipate that
this obstruction will be shortly removed, and that a large
accession to the traffic will then ensue,
" The directors of the Southampton and Dorchester
Company have hitherto not felt at liberty to acquiesce
in an amalgamation between this proprietary and their
own, but this difficulty no longer existing, and your
directors considering that such a course mu: t be mutually
beneficial, will at the present meeting request your
authority to perfect an arrangement for the complete
union of the two companies.
" With reference to the works of the comp iny, now
under execution, the directors are happy to report that
the extension to 'Waterloo-bridge is in a most satisfack
try state of forwareness.
" All the branches and extensions sanctioned in the
session of 1846 are in progress ; and the directors see
no cau.e to doubt that the branches 'rem Wet bridge to
Cnertsey, and 'rota b'areham to Cosliato may be opened
in the spring, and those to Godalming and Alton, in the
summer of next year. The line between Basingstoke
arid Salisbury being of 1-eavier character, its completion
must not la, anticipated before the spring ot 1849.
" Several purehsses of land have been made on the
London-bridge Extension and Hampton Crum Branch,
and beth will be shortly under contract.
" Having thus brit fly noticed the operations of the
company und-r their existing posers, the directors are
confident that the proprietors will feel satisfaction in
reviewing the important proceedings in Parliament
during the session which has just terminated.
" In the metropolitan district the company have pro-
cured powers to widen the main line between the Rich-
mond Junction and Nine Elm , and to take adch-
tional property for enlarging the site of the proposed
station near Waterloo- bridge.
" In the Richmond and Windsor districts, Acts have
been passed for making extensions from Richmond by
Staines to Windsor (including a lcep, passing by Chis-
wick, Brentford, and Hounslow), and from Staines by
Egham, to the main line near Farnbrough,with a branch
to Chk-rtsey. In the capital of these undertakings
(amoueting to 800,000 L) this company hold 520,0001.
An agreement for a perpetual lease of these lines has also
1 been entered into, and powers of purchasing them have
been obtained.
" In the Portsmouth and Brighton districts an Act has
be-n obtained for effecting arrangements between the
Brighton Company and this company for the joint
ownership of the Brighton Company's line between
Cosham and Portsmouth, and for giving the Brighton
Cempany powers of running on the South-Western
line between Wandsworth and Waterloo-bridge. This
company have also acquired powers for making an in-
dependent line from Cosham into Portsmouth. With re
gird to the larger question of furnishing further railway
accommodation in the country lying intermediate between
the South • Western and Brighton main lines, no progress
has been made, but the directors deem it right to take
this public opportunity of emphatically denying all in-
tention or desire to thwart the public requirements in
this respect. In entire consistency with their repeated
opinions they have certainly urged, that to execute the
direct Portsmouth line would not be the beet course for
fulfilling those requirements; and they trust that the
time is at hand when arrsneements may be complt ted
fir perfecting the railway accommodation of this district
in a manner more likely to serve the public interests.
" this company have obtained the sanction of Parlia-
ment 'for making a railway from Andover to Soutearep-
ton, and power to purchase the Andover and Redbridge
Canal, on which the proposed railway may be, to a great
extent, executed. Arrangements have also been made
with the promoters of the Manchester and Southampton
Railway, by which (iii the event of their procuring an
Act, in the next session, for the execution of such part of
their line as lies between Andover and Cheltenham),
they will, on contributing half its cost, become joint
owners of the Andover and Southampton line between
Andover and Romsey, and will hate rights of running
over the remainder of this company's line, by Romsey
sod Redbridge, to Southampton, and of using this corn-
panv's stations there, on terms of reciprocal advantage.
"-Of the branches promoted in connexion with the
Southampton and Dorchester line, three, namely—to the
Southampton Water at Eling, to Lymington, and to
Weymouth—have been sanctioned by Parnainent. The
Bill for making the branch to Blantiliird has been prose-
cuted successfully through the Comm-me, but owing to
its being heard by the Committee to whom the lines west
of Salisbury were reterred, it was necessarily so delayed,
as to prevent its being pass. d into a law during the late
session. It will be resumed !text session, when, the op-
position to it having been already fully heard, no doubt
of its si.ccess need be entertained.
• With respect to the great extension lines from
Sal sbury, westward, although the directors are unable
to report final success, they believe that it can be no
longer doubtful. The necessity of Waiting tor the re•
port of the commissioners 01 railway* upon the financial
positioe of the company, led to considerable delay in the
first instance, and the inquiry itself, conducted as it
was before a committee quite unexampled in the patience
and care with which they investigatel the subject,
was protracted to so great a length (fifty-three days),
that it was only on the 2d of July that the Committee
unanimously decided in favour of these lines. These
Bilis have, therefore, been suspended under the older*
of the Houses until the next session, and after the un-
paralleled examination by three Committees in the last
and present year, and their unanimous decisions in
favour of the execution of such lines by this company
and their allies, any further attempts to oppose the
opinions of the district, and of Parliament, can scarcely
succeed even to the extent of causing further delay.
" The Bill for extending the period for executing the
Exeter and Exmouth Railway, and for authorising this
company to subset the towards its capital, and lease or
urchase it on the terms which nave at a former meet-
trig been sanctioned by the proprietors, has received the
Royal Assent.
"West of Exeter, the directors thatrset,grertepor
the
opposition referred to in their la
was
submitting the Ply mouth sod Truro ruro
unsueeesAll, - and ,the compwereline,pretvoentthetel
consideration of Parliament on their meeurniiti.derUdndeir
these ciacutnstar ces, the Directors
tie.Liees the various lines promoted be;(ti
their duty to aid in the oppositions taised in the locality t
hteh eßri resultl and
w
Exeter, and South Devon Companies,a,
the rejection of the Creditou and Launc,stot,i the
piymouth, Tavistock, and Launceston, and the Laun-
ceston and Liskeard Bills ; thus effectually preventing
the occupation of the dt4trict by hostile and le.a compre-
heusive undertakings, and obtaining a farther recogni-
tion of this greater value and importance of the measures
proposed by this Company.
"'lice Bill for improving Sutton Pool, the great com-
mercial harbour of Plymouth,. and tor authorising this
company to subscribe towards it, aid to assume an ade-
quate share in its management, bas passed into a law,
and the directors believe that the company have thus
obtained a position of the utmost value in Plymoth,
where the strongest feeling in favour of the extension
thither of a railway, on the national gauge, continues to
prevail.

• " .11e Bill for authorising the lease of the Taw Vale
Railway by this Company, was referred to the Commit-
teeo which had charge of the Bills east of Exeter, and
from this circumstance could not be brought under dis-
time the Taw
in,,.ni,i)n before the 9th of July last. It, therefore, re-
I suspended under the resolutions of the houses,
for the execut
and will he
and South Mutton). w)fhitZ°
resumed in the next session. Mean-
time
to North.
on of
Company had acquired powers
branch lines (to Bideford
probable that, by tte add' "on,
Dwill afford important further
(to
b..
includ..dittio,a of tho Exeter and Credj•
and it is also extreiu,•ly
ton line
Railway,
intended lease to this
cony pan)), the T..w Vale Ral 3.,.., and its adjuncts, will
n North Devon and
furnish a complete connexion beat
ctowrshio‘nhthe present
the national gauge s} stem at Exe,tiPiFri:
" It is not the in of the
octutsit.n, to eider upon the measures
necessary for the company to promote in. Parliament
next be
and their sanction to such preliminary
next sessio;:, further than to ask for the confideltaement
stepsthep raospitiheet o
ir-si'rectors may think it expedient to take
before submitting to a future meeting definitive and ma..
Lured plans.
" With respect to the capital intended to be raised
under the resolutions of the special general meeting held
in November lust, the proprietors are probably aware,
that through the suspension of some of the company's
Bills, the directors have failed to acquire powers to create
so large an amount as was then contemplated
" The sums authorized to be raised in shares by the
Company's Acts of the present Session, are
For subscription towards and purchase of the
(
Windsor Lines £Boo,ooo

„ The-Andover and Southampton-Line ... 300,000
The Widening of the Main Line and En-
large went of the York road Station ... 150,000
„ Furthkr Subscriptif.n towards the Mr-
chester and Branches
„ The New Works conneeten with the

Portsmoulh and Faiehani Line
Su'osaiption towards the Exeter and Ex-
moo. ti Itailwav
he Sutton iiarti atr Improvement (irly-
month) ..... 15,200

Total £1.775,200

" la consequence of this limitation of the capital to
about one third of the sum intended in November last,
the directors propose the issue of Third• Shares instead
of integral shares of 50/. and 40/, and as Parliament has
prohibited the payment of in•erest out of the new capital,
the directors recommend the following plan, which will
give the holders of the new Stock, at lea-t a just equiva-
lent fbr the proposed modificatio 1 of the terms of their
subscription, and will be, wider the circumstances, the
most convenient for the present shareholders, viz.:—
" That there shall be immediately created such a
number of thirds of a 50/. share as shall be sufficient to
give each holder of a 50/. scrip certificate the option of
taking one such third, and each holder of five 40/. scrip
certificates the option of taking four such thirds.
" That the deposits already paid shall be treated as so
much paid up on the third shares, and that the remainder
of each third shall be called up iu seven payments of 11.
13s. 4d. each, at intervals of three months, the first of
such payments to be made on the 30th September next,
and the last on the 30th Alsrch, 1849.
" That dividend on such thirds shall accrue from the
Ist July, 1848, upon the amount which shall have been
then paid in respe ct of calls thereupon, and upon all
sums paid subsequen'ly to that day from the time of
their respective pa) ments, rateably with the other divi-
dend bearit g shares in the company ; but no interest
shall be payable in respect of any sum paid on calls pre-
viously to the Ist July, 1848, but paymeuts in advance
of calls, if tendered shall be received, and interest at 51.
per cent. per annum allowed.
" Should the proptietors adopt this recommendation
of the directors, the ready acquiescence of the scrip.
holdere may be confidently anticipated.
"The attention of the directors has been called by
various holders of 401. shares to the inconvenience
arising from the existence of this description of share,
and the directors have therefore determined in framing
the above terms, to avoid anything which m.ght
hereafter increase their number ; but the holders
of the 401. scrip may rely that every facility
will he tiff 'riled them in the conversion of their scrip,
should the terms above suggested to the proprietors be
sanctioned at d acted upon. and as regards the existiug
401. shares, the difficulty felt by the holders of them will
be removed by the conversion of all the fully paid up
shares in the company into transferable stock in the
c urse of the present autumn, and by adop ing the same
process as regards all the other shares so soon as full
payment shall have beet• made upon them.
" In conclusion, the directors feel called upon, after a
mature review and consideration of all the circumstances
riffecti•oz the prey-nt position and future prospects of the
South Western Company, to express a very decided opi-
nion char its affairs were ties r at any former period in a
c .ndition so promising; and they feel confieh nt that tim-,
and perseverence in the course which the proprietors
have commenced with so much spirit, are alone neces
nary to prove the correctness of this opinion."
The following is an abstract of the accounts :
CAPITAL ACCOUNT.

Amount expended to the 31st Decem- £ s. d.
ber. 1846 ... ... ... ... 2,634,825 14 2
Since paid : £ s. d.
Land and Gunpen,ation 292 16 0
Redemption I,4nd Tax 4.000 0 0

4,292 16 0

2,639,118 10 2

NEW LINES 1844 To 1847.
Receipts on
Eighth Shares, 1844 226.612 15 0
New Shares, 1845 ... 1,211.468 10 0
Tenths Shares, 1846 449,968 0 0
New Snares, 1846 ' 493.568 0 0
Debenture Bends 943,300 0 0

3,324,935 5 0

LINES OPENED.

Payments:—
Richmond Railway—Purchase of ... 349,555 11
Guildford Junction Railway—Fur.
chase of ... —• ... 79,066 17
Bish,,pstoke and Salisbury Railway—
Construction of ... ••• .. 248,855 4
Southampton and Dorchester Railway
—Payments on Shares ; Extra
Works and Loans

568,027 10

LINES CONSTRUCTING.
Metropolitan Extension to Hungerford
and Water Bridges ... 469,939 16
Metropolitan Extension to London
Bridge .• ••• •••
El aus ton Court Branch •••
Weybridge and Chertsey Branch ...
Guildford Extension, and Portsmouth
and Fareham Line ...
Farnham and Alton
Basingstoke and Salisbury ...
Andover and Southampton ...
Epsom Line ...
Cornwall, Devon, and Central Line
Sutton llarbour •.•
I,:xeter and Exmouth ...
Taw Vale Railway ...
Bodolin and Wadebridge
Battersea widening •••
Windsor lines
Portsmouth extension ...
Andover and Southamtou
Salisbury and Yeovil ...
Blandkord aid Bruton ...
Exeter, Yeovil, & Dorchester
Cornwall and Devon Central
and Plymouth
Southampton & Dorchester, _
branches
New S.uth-Western Steam Navigation
Company ...
estern Lines--Principally in contri-
bution towards expenses of the Lon-
don, Yeovil, and Cornwall and Devon
Central Lines, 1845, 1846; arrange-
ments wit% the Scrip-holders therein,
and on account of expenses, 1846 and
1847 ..• •.• •••
Surveying angiuearing

8,860 14
2.182 17
14,597 3

... 144,310 19
... 41,022 14
... 36,816 18
... 8,187 13
... 12.333 0
... 3,000 0
... 5,748 15
... 3,871 10
78,220 4
... 27,000 0

Deposits
Standg. 534,037 5
Orders.

12,000 0

... 98,910 14
... 3,197.013 15

Balance

... 127,921 9 8

CR.

By traffic

... 192,432 17 0

- DR.
Maintenance of way 15.746 17 10
Locomotive department 27,037 7 0
Carriage department ... ... 7.254 18 6
Charges ou general traffic ... 30,102 4 0
Rates and tax.ii and Government duty 12,393 4 2
Debenture bond interest and Gosport
share interest