The Sun.
London, England, 1847-03-01 00:00:00

DON-DERRY AND ENNIS

KILLEN RAILWAY.
The half.yearly eneral meeti of the directos and
shareholders in thisg company wasn hg eld on Saturday,r at the
'th
pany's offices, 5, Church-passage, Guildhall; J. G. ,
Esq., chairman of the company, presided.
The advertisement calling the meeting having been read,
and the minutes of last meeting confirmed,
The CtrAra3tax said that it would be unnecessary for him
hto add one word to the report which the shareholders would
ear read, as that document had been very carefully consi-
d and was most full in its details. He should therefore
at once call upon the secretary to lay it before the meeting.
The SECRETARY, Mr. Hemming, then read the report, of
Which the following is a summary :
" Your directors have the satisfaction to report that the
l'ortion of the line from Derry to Strabane is finished.
Sufficient locomotives and carriages are provided to coin-
"'enee a passenger traffic forthwith. Goods and cattle wag-
Bons will be added by degrees, us the means of the company
permit, with a view also of as. speedily as possible developing
toe resources of the carrying department, from which the
;Most satisfactory results are anticipated. The great incon-
nie9ce under which the city of Derry has so long laboured
.°lll its Post-office arrangements will be forthwith much
diminished the Postmaster-General having consented to this
19aily carrying
under c the mails; for which the necessary pre-
smunaries are now onsideration.
Po"
eYour direcors, availing themselves of the discretionary
Powers
usedgiven to them at the last half-yearly meeting, have
dual such means for collecting arrears ot calls as the indivi-
Snncases of the defaulting shareholders appeared to demand ;
the result has been, to a certain extent, satisfactory.
ee November, of the arrears then due, an amount exceed-
It is
'f; 12,7005. has been paid up; and of the amount still due,
considered that a large portion will yet be collected.
4)7;%14
ut erngs: o n
the " Although circumstances have for the present prevented
of the works beyond Strabane, your directors
most strongly upon the shareholders the great
it)nrieoind,taagse Which must result from their being proceeded
With in the direction of Omagh, at the earliest possible
the further development of the internal traffic of
thee et'untrY, with the port of Derry, would greatly increase
the rleieneeiPts compared with the necessary expenses of working
vlYour directors, being fully convinced that the construc-
t:n9! Irish railways would form one of the most important
ieugl(liiiaries to the Government in relieving the daily increas-
urge istress, felt it their duty to express this opinion, and to
have te serious consideration on the Executive; and they
the c,t° report that they have had repeated conferences with
subje'et.°''ernrnent authorities here and in Ireland on this
thei°9 these various occasions they submitted the result of
. the r• innquiries and experience, which had confirmed them in
iint:erdinion, that the Irish railways at once offered the most
, late, the merit extensive, and the most profitable
tenptisoafytn.ineetnimt to that class of persons who require it ; and at
afford the most ample Security to the Govern-
Prom or any loans which they might advance for this purpose.
differeithe great attention paid on all these occasions by the
kre thit members of the Government to the details laid be-
of th ern, your directors had hoped this would have been one
there e measures prominently put forward by Government for
distress in Ireland ; and although it has not yet been
opaited, Your directors remain fully impressed with the
au that it will be found the only efficient mode of relief;
paroertiis tha experience of your directors that a very large
°n of the works on this and other Irish lines of railway
i„,ouexec ruted almost exclusively by that class of Irish
oers, thousands of whom are at the present moment in a
tire' f the greatest destitution from the want of remunera-
T,eutPloyment."
!`Gue following report was also read from the engineer
entlemen—As it is only recently that I have been ap-
tl!nted engineer to this line, I have but few observations to
_ae respecting the works connected therewith, so far as
"iIY have come under my superintendence.
ilre`te:(early the whole of the work between Derry vebhich is the only portion contracted for) was com-
efore my appointment, with the exception of the
1014.tLforrn of the two bridges across the Foyle, and the laying
ti 'lie permanent way across the bo at Pothall. Since that
..nte these svorks have been finished, and the whole line ias
moss
completed, and ready to be opened for public traffic so
j4".'.41 as inspected and reported upon by the officer of the
Commissioners ; for which object all the necessary
documents required by the Board have been forwarded.
t." lite engines and carriages are now on the line, and
t,""e made an experimental trip on one of the .engines lam
c:td to say that that portion of the line across Yorthall
ir, referred to, seems to stand well, although the perms-
"era Way has been laid but a few weeks.
Ticket offices and sheds are now in progress of erection,
both at Derry and Strabane, which will be completed in the
course of a few days.
"These buildings have been put up merely in a temporary
' Manner, as there is every reason to expect that the stations
et either terminus may be hereafter erected on more suitable
end convenient sites.—.l have the honour to be, gentlemen,
Your most obedient servant,

" CHARLES LANYON.

" Belfast, Feb. 23, 1847."
The financial statement showed that the receipts amounted
o, 114,7461. 15s. 5d., while the expenditure was
"0.776/. 18s. 7d., leaving a balance at the bankers of
3,969/. 16s. I Od.
~„,After a few remarks on one or two paragraphs in the re-
"no from ditTerent shareholders, the report was adopted.
1/11,r• I.E.Arnam, a local director, and Sir R. FERGUSON,
po34.6l7lvocated the progression of the works as speedily, as
be, because in proportion as the railway advanced
iand Strabane, the farthest point to which the railway was
reit conutructed, the traffic would be increased, and when the
t tole length was completed, they believed the line would
urn„ out as profitable as anyone in Ireland.
CNAIRMAN moved a resolution, confirming the for-
feiture of shares on which the first call bad not been paid,
the whole number being 533, which having been carried,
The CizAmmax afterwards moved a vote of thanks to Sir
Robert Ferguson, Deputy-Lieutenant of the county of Kerry,
for his valuable services to their line both in and out of Par
Lament.

Sir R. FERGVIION returned thanks, and assured the pro-
Prietors that the line, as being beneficial to the county with
which he was connected, and the city which he represented,
Would always have his support and best wishes.
Thanks were then given to the Chairman, and the meet-
ing separated.

LONDON AND MANCHESTER
TARECT INDEPE ND ENTOJI-
MANY (REMINGTON'S LINE).
h in conformity with a requisition, signed by nine share-
_oldersof the above company, the provisional committee con-
rued
to the meeting of the shareholders on Saturday, pursuant
provisions of the Railway Companies Dissolution Act.
ao.tahe into consideration whether the company should be dis •
or, and in what manner its affairs should be wound up.:
to. r• ilitooes took the chair, and called upon the solicitor
4‘ehad the notice calling the meeting, which being done,
rTe CHAIRMAN said the next business would be the ap-
ilient of the scrutineers.
Prieto R°PaikToa then said that he stool there as the pro-
he we; of 120. shares, which he purchased at 11. premium, and
Imo surpnsed that none of the parties who could give ex-
seh,taticine were there to make them. He wanted to know
Th had become of the funds?
eAtnee CHAIRMAN said that he himself was in a similar predi-
proni9t. He could give them some inform?tion, hut he did not
give tir, to satisfy them. The only information he could
Pay. —era was this, that they would have nothing more to
A:...,(Laughter.) lie had no report to give them.
Tc"4oPittETon.—Will the directors make no report?
CirmiestAx—We have rert to give.
be o,..rl,,oPatEroa said, if the chairman had a secret to tell,
Vro..irt to throw himself in the hands of the meeting, who
ihel;totect him from the consequence of disclosing it.
pao''' Aitt3tAx would give no further information.
riUde b PRIETOR again asked if a report, or offer, was to be
Y the directors, or not ?
Theabd
eitAIRMAx said, that he had 800 shares allotted is
4htini4
8 6(1.1.aea nshe:erer.sold a share at a premium. He sold them
to,A,PaoParx-roa wanted to know if an offer had not been
certain directors of 7s. 61. per share?
by 'Am, a director, replied that that offer had been made
Mme of the directors on account of certain shares.
hi„s4n,e CHAIRMAN, in reply to the frequent calls made upon
°Y several shareholders to account for the noney, said
abe had no report to give. The law-suits in which the
cornh
ranY were engaged made this course necessary.
Mr. BASS said that no one would be more delighted than
Le would to see the accounts in the hands of the share-
molders.. When a deputation of the shareholders was ap-
pointed at a former meeting, to confer with the directors as to
the affairs of the company, he was in favour of the propo-
llition ; but some difficulty arose in carrying out this object,
owing to the absence from England of a director, and to actions
Pending at the time in the courts of law. This course, how-
ever, did not obtain his full assent, but the majority of the
directors then ruled what should take place. With regard
to contributions, he thought, for the sake of peace, the direc-
torsi would make some contribution, but after conferring with
some of them he saw they could not obtain a SUM sufficient
1? meet the expectations of the shareholders. Under these
circumstances, he, from representations made to him by the
404iralan of the c mpany, made an offer of 7s. 6d. a share to
00 or 5,000 shareholders out of the 51,000. With regard
.„to
~th,e, hooks of the company, they were in a mutilated state,
thel.°essei:ctretary of the company had been out of the way for
months.
of the D, W. HARVEY entered into a lengthened statement
p e Particulars of the meeting in July last, when the de-
putation of shareholders was appointed to confer with the
irectors as to the affairs of the company, which exertions
were i
„ a,together abortive. He acquitted Mr. Bass, Mr. Brooks,
11.'
a few othe r of the directors, but the e,reat bulk of the
the
men itten would make no sacrifice to meet the wishes of
Ls' shareholders' deutation.
`tion.k Paorarwron p
buyinasked Mr. Bass if, in the event of his
ilog up the 5,000 share, at 7s. 6d. he would give his assist-
a
ce to 'get the affairs of the company into bankruptcy, with
Ivo' of dissolving the company ?
r• Bass replied, that as an individual, he was quite
4Peeabl
ha, eto the shares being used in that way, and he was
hour
to render every assistance in his power.
547 tineers were then appointed, and after the lapse of
vier:2..l.r' spent in examining the scrip, reported that there

For the dissolution 7lO shares
Against ditto
For bankruptcy
Against ditto ......
Ad thus ended one of the most noisy, angry, and irregular
4'o We have ever attended.

-11,NORTH WALES RAILWAY.
half-yearly meeting of the shareholders in this Com-
r-tlaY was held on Saturday' at the London Tavern, Bishops-
gate str
eet, for the purpose of receiving from the directors
ad 'lllation as to the course they recommended to be
u°l)ted in future, and for transacting the ordinary bu-
it” of the meetings.'ilk!' The chair was taken at one o'clock by W. J. Chadwicke,
chairman.
tk he notice, convening the meeting having been read,
then report stated, that as some important matters were
t der their consideration, they were not in a situa-
43'before the proprietors, in that report, the course
eft rbecommended to be adopted. The report also
thitt there were five Ysoancies in the Beard, which