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

12.954 5 9

105,488 17 3

Balance
.£86,943 19 9
• The reading of the report gave the utmost satisfac-
tion to the meeting, as nearly every paragraph of it was
applauded.

The CHAIRMAN then proposed: the adoption of the
I report and accounts, and addressed the meeting. He
said he had always thought that a well digested report
should supersede a speeeh of the chairman of a com-
pany ; but so many revolutioes—such extraordinary
chan2es had recently taken place in the property of the
company—thet he felt some remarks from him were
necessary. Their affairs were in a most satisfactory
sque.—(Cheers.) By the end of 1848 their lines would
have stretched out as far as London-bridge, and would
of accommodation to the throngs of people passing at
ail times over Southwark, Bllckfriars, Waterloo, %lest-
minster and other bridges, and no doubt their line would
be selected as the best means of getting to the coast--
more preferable than the route through Isleworth (by
the Great W. stern), and the passengers would have
sufficient accommte ation, excellent carriages— wire
binds and woolen-wheeled carriages—which neither
created noise our threw up the dust.—(Cheers.) The
traffic had immensely increased, and the number of
people now travelling on the roads was greater than be-
fere the line was made—at least the duty paid by
coaches had much increased. The traffic at Slough was
immense, but when their Windser line was made what
a vast number of people would avail themselves
' of the line, because it would carry them directly on to
I.e ndon-bridge. It could not be looked upon other than
as a successful projt,ct.—(Cheers.) Then the Richmond
line was equally important ; the South-Eastern had
peso
ntb
people
eepe other
et ba.
visitedrr..iwdag fa an;nanthde thdeirelettichromnotendblitnwee,nt
saslected that as the route for getting their passengers
from the west of the metropolis to Hungerford and the
Lothnedopniettuoreßsriignhtthoen.couTrshee
of
th:Hamptony;e Court
line nhetyhewfausihdiorne--
line would also be a fruitful source of tre 170,000
besides, the trade or the locality was consider4blear'.
Guildford line bad new a double line of: e
and the traffic of that district had increased, and was
increasing. The lines between Guildford and
Godalming were heavy, but they were in a very
forward state, and they might anticipate that the traffic
to the coast by that route would be considerable. The
Hon. Gentleman then referred to the other lines men-
tioned in the report. At all the stations, with the PX-
ception of the Andover road, the traffic had greatly
increased. The traffic of the docks at Southampton bad
also materially increased ; 63 packets departed from the
port in the course of a mouth. The distance between
Havre and Southampton had recently been accomplished
Joy one of their boats in six hours and quarter, and
163 packets passed between the pert and the Isle of
Wight in the course of a month. The Dorchester line had
just been re opened, and the mail train ran along it yester-
day. The people of Salisbury had testified their respect
fur him in electing him as their Member, and he biped
they would appreciate the kindness, especially as he bad
polled more votes than any person did on any former
occasion.—(Cheers.) The line which had recently
passed the House of C.,rumons—between Exeter and
Salisbury—would bring them a vast accession of traffic
from the west. They proposed to erect large works at
Salisbury, which would be a most convenient point for
the Exeter as well as the old line. They had not derived
a vast stun from the parent line during this year, owing
to the reduction of fares, but they had the elements of
prosperity in the Whole dis riot, especially as it was in-
creasing. He believed that their new line would yield a
dividend of seven per cent.
Dlr. Suusvii oecouded the
adoption of the report

r Mr SMITH required an explanation of the item 4,1641.
I for " sundry petty disbursements."
The CHAIRMAN said the expenses extended over a
period o' the a yearn, and related 'tn the various new
lines. To other questions he stated that 240.000/. was
paid on the fifty shares-50,0001. or onet.fitth remained
unpaid. The time was only three weeks past, and it
would not be well to allow the names of their friends to
be exposed for the gratification of any shareholder.
The 'meeting, he was sure, would agree with him.—
(Cheers.) The traffic frosts the west of England would,
he believed. be satisfactory. The tariff in the new
Bill was more than they were now taking.—(Cheers )
Mr. Sergeant GAZELER entered his protest acreinst
the name of one shine defaulter not being made known
—they ought to know who paid, and who did not pay
-their calls. Mt. Strutt's Bill would have obviated this,
and if he wanted an argum-nt in favour of that Bill he
should find it in the general opposition of all railway
companies to it.—(Applause.) It he had been the Hon.
Member tor Salisbury he should not have opposed it.
He gave the directors credit for not adopting the plan of
other companies, and not increasing the fares as sums as
Parliam, nt rose. They wanted no argument to strew
that the Windsor line was a most important one. The
Central Devon had bi en thrown out by the standing
orders. He wished to know whether this was caused by
the Honourable . Member for H.,niton (Mr. Locke,
the engineer), and whether he intended to imitate
the example of Mr. Stephenson, the engineer of
the Manchester and Seuthampten, who had off. red
to carry the line through the standing orders at his
own expen-e.—(Hear, h.ar.) He wished to suggest
that there should be a refreshment room on the line, or
that one should be carried along with the trains.—
(Laughter )
The CHAIRMAN repeated that the 50,0001. was but a
small amount ; money was scarce, ani three wt eks had
but elapsed since the time of payment, and the parties paid
5 per emit. interest. The Waterloo bridge line would
be opened in July. 1848, and the London-bridge one as
soon aftt r as p ,ssible. They had bought the shares
held by the public in the Dorchester line, subject to the
approval of the awed" g. They hail fee it their duty to
give Mr. Cockbern a dinner at Richmond for his exer-
ti,ess.—(Cheers.)
Mr. L. ;CRE, M.P., explained that he had employed
most able men to survey the Cornwall line. But one or
two es e-nld be blamed, and the errors ferretted
out 6/ tr. Jchn Brune I were only such as had been
passed by other committers without objection. If the
directors wished it he would carry the line through the
standing orders (No, ne)—but would 5001. com-
pensate him for guaranteeing 10,000/.—(Herir, hear.)
They should recollect that this was but one of eight
lines which the company had before Parliament la-t
session. He was not the engineer of the Southampton
and Dorchester. and was not therefore responsible for
the tunnel. He had never charged the company for any-
thing but for his own •eivices. He never made a profit
out of any one he employed. It was too much to ex-
pect him to be responsible tor the acts of those who
were employed by the company.—(hear. hear.)
In reply to two guestimate the CHAIRMAN replied that
the Weeds and Forests had net expressed any dt sire to
salter the Statism agreed upon by agreemet.t at
Windsor. It was true the Greit Western in-
tended to reduce their fares, but he did net think
they were entering into a ruinous competition with that.
line. Even with the contemplated reduction of their
fares, he believed that they should be enabled to pay 71
per cent.

The GENTLEMAN who elicited these replies, said
the Great Western would no doubt next year
get their line to Windsor ; and by the lines
they had obtained thy would be ► nabled to cross the
river to join their line, tD get to flutigertorcl and aho
to Lond..n-bri,"_gf..—(cries of "No, no.") Th.. gentle
man admitted that h.- was a broad gauge propri. tor, but
he held a greater stsko in narrow gauge lines fi e
doubted much whether .tho lines to the west would be
productive.

The CHAIRMAN said they had 230 miles of railway,
and 21,0001. a mile shire capital, and surely they could
compete with the Great -Western. They certainly would
t,,ke a c,,n,iderahle portion of the traffic of the Gnat
Western b-tween Exeter and Lo,dan,

Mr. BIRCIIAM explain d that the Great Western bad
not yet reduc, d their fares, and it was competent for any
one to site them for the difference mentioned in their
Act. Bat the fares os the two companies would ulti-
mately he
The CHAIRMAN stated, in reply to another gentleman,
that the receipts of the Richmond line for the last six
months amounted to 9,4721. Three quad ters of the
Windsor line belonged to them, and they had money to
buy the other quarter.
Mr. CHADWICK, deputy chairman of the Staines
line, stated, in reply to the gentleman above referred
to, that the Great Western could only come to Vauxhall-
bridge. The cataracts of the Staines line had been taken
at 8,0001. a mile, including bridges; and surel. at such a
rate they could defy competition. fir he defitel the Great
Western to get to Waterloo bridge under 1,000 0001.;
but it the Great Western did carry on the line to Water-
loo-bridge, they would take two churches, besides im-
portant works, and•interferieg with Lambeth Palace.
The CHAIRMAN said the Great Western line to Bat-
tersea would bring them a great accession of traffic.
The report was then received unanimously, and a
dividend of 11. 17e. 61. per share was declar, d, and also
a resolution to pay 11. per share to the hAders of the
consolidated eighths.
A resolution was then pros used empowerinz the
directors to purchase 9,000 shares in the Dorchester
line.

The CHAIRMAN stated that they proposed to buy
these share;, with some 10ih shares, which had not been
issued, and the market premium would be the value given
for those shares.
The resolution was agreed to.

A resolution was next proposed for purchasing the
Winds Staines, and South-Western line, at a pre-
mium of 41.

Mr. OwEs. considered the proposition a job, and
one which would merely bent•fit the holders of the
13,000 shares.

The CHAIRMAN said the directors had no objection to
wait for a short time to see what the line would produce,
but they were so confident of the importance of th, line
that they had no doubt on the matter. They simply
wished to have the option-of doing so.
Mr. Sergeant GAZELEE moved that the agreement be
entered into; which was s, conded by Mr. H. vs.
• Mr: BIRCHAM said the directors simply sought the
shareholders to confirm an ugreem, lit tutu which they
had entered with the Windsor hne. The purchase of the
line was quite optional.
Mr. TITS, as one of the shareholders in the Windsor
line, hoped the South Western would not exercise their
option, as he believed, instead of being worth a premium
of 41., it would be worth many 4/7 premiums. He had
great difficulty in preventing the shareholders from with.
drawing from the agreement.
Mr. LACY, M.P., the chairman of the Windsor line,
corroborated the statement of 2vir. Tite.
Mr. LocKE, M.P., as a large sharele.lder in the South-
Western, urged the • hareholders not to lose a day in
perfecting the agreement. This was the first time he
had ventured to offer an opiekn ou the affairs of the
Company, not strictly of all engineering character.
After considerable discussion, six hands were le Id up
for the amendment, and the remainder in support of con-
firming the contract.
The other resolutions mentioned in the report, those
with respect to the Andover Canal and the Manchester
and Southampton Railway fur the construction of the
works of the Windsor and other lines, obtained during
the last session, for completing arrangements made with
the Exeter and Yet vil, Taw Vale, and Other lines were
agreed to.
To the last, Mr. Hove proposed an amendment, that
the company having as much on their hands as they
could manage, that they should not be allowed to carry
out any arrangements with lines west of Exeter, but
only two hands were held up in tavour of it.
Some minor business having been transacted, and a
vote of thanks having been awarded to the chairman
and directors, the meeting separated shortly beture five
o'clock.

EAST SURREY ELECTION.
(Tills DAY.)
(BY ELECTRIC 'TELEGRAPH.)
The nomination to ~k place to day at Guildford. The
result was a walk over. There was no opposition to the
return of Messrs. Denison and Trotter, the old Mem-
bers, who were re-elecOil.

ROYAL NAVAL SCHOOL.
DAY.)
A special general meeting of the members of this
corporation was held to day at the Thatched House
Tavern, St. James's street, for the purpose of electing a
president and -council ie the room of the present pre-
sident and council, who had resigned, and for the trans-
action of other business, Admiral Bowles, G.C.8., the
President, took the chair.
The mimic. s .1 the I.lst general meting were read and
confirmed, and, after the other preliminaries,
Mr. GILLET moved that the present council be re-
elected. The 'notion having been seconded,
Dr. WRTHERHEAD said, that while he was anxious
that the present president and council should not resign
their office, he could not agree as to tne propriety of the
mode they suggested for improving the fiscal condition
of the• school, by the admission of civilians, the oppo-
sition to which had led to their resignation.
Lieutenant WALKER, R.N., stetted that, though he was
opposed to the views of the cJuncil, he would still vote
for their re- electi,,n,
The CHAIRMAN having put the motion,
Captain litcxsox said, that while he was opposed to
the measure proposed by the council, he wits still
desirous that they should return to their office. He
was aware of the difficulties with which the council had
to contend. He thought that the resources of the society
might be augmented eey other means. ( fhe Gallant
would
Gentlemen here read a letter from Dr. Reid, who, he
.stated, had great experience in instiariens like the
present, and who recotz,mended that a good education at
aptutperilils
a low price, which however should cover the expenses,
shtal d
be increased,)
ginievreenas, and byTtbheis
femalei neans tschbeiinoilitraopf
for them to adopt with respect to the school for the bois,
because there it was evident how tee funds of the school
were applied,
After some -
e icussion
The Gallant PRESIDENT said, that having heard from
various members of the co-ooretion that it was gene-
rally desired that they should retain tin it offices, they
had determined to do £O. He wished it, however, to be
understood, that to the plan which they proposed they
still adhered. The fact was that they had built too ,
large a school. They had built a school calculated to
contain 600, while the profession could only send to it
150. The coureql, however, wes ready to receive any
suggestions that might be offered by any member of the
corporation.

Lieuteusut WALliza here produced two letters which

he bad addressed, one to the editor of the United Ser-
vice Gazette, and the other to the Right Hon. the Earl
of Auckland, in which the gallant writer ch precated
strongly the admission of civilians into the school, which
he contended was vially at variance with the object of
the institution. The gallant writer expressed his
h. stility, .also to the contemplated application to
Government for a. sum of money, and suggested
that the entrance fee of lot should be abolished, and au
additional charge of 21. to all pupils paying full be im-
posed. Th.:3 payment in advance to be made quarterly
instead of halt- yearly, and •also a quarter's notice to be
given before the removal of any pupil, and also that
there should be an improved education afforded, the pre-
sent being very
The resulut:on was put and carried unanimously.
Thanks were voted to the Chairman, and the meeting
separated.

BANK OF ENGLAND.
(From this night's Gazette.)
In Account, pursuant to the Act 7th and sth of Victoria, cap. 32, for
the Week ending on Saturday, the blst day ofJuly, 1847.
ISSUE DEPARTMENT.
X.
Notes i55ued........ 22,166,925

£22,666,925

Dated the sth day of August, 1

YANKING D;
Proprietors' capital.. 14,553,000
Rest ...... •. • • 3,607,370
Public deposits (in-
cluding Exchequer,
Commissioners of
National Debt, Sav-
ings-banks, and Di-
vidend accounts) .. 4,503-.809
Other deposits .. • • 8016,271
Seven day and other
bills• ........ .... 819.019

£3 L 799369

Dated the sth day of August. to

COURSE OF }XCH

linsterilato .. ....C.F. 12 sy,
Ditto, at sight • • .... 12 3
Liotterdain .... • . 2U. 12 5 k
25 90
ilamburgh .....,M.B. 13.134
Altona. ........ '
Paris, 3 days' sight .. 25 55
Ditto, 25 85
Marseilles • ........... 25 9U
llourtieaux 25 90
Frankfort on Mains.... 122

Petersburgh, 3 U 5......
!tern!' • • • •
Vienna, effec.flo.• .... 10 4
Trieste, ditto.... • 10 4
Math id ..

O~uliz .. •.. : ........ 4S
Bilbao .. .. ..........
Ban!elona ......

Government debt .. 11,015,100
Other securities •• .. 2,984,900
Gold coin and bullion 7,583,022
Silver bullion ...... 1,083,903

I £ 22,666,925
J. It. ELSEY, Deputy Cashier.
147.

oEPAZTILETi T.

Government securi-

ties (including Dead
Weight Annuity) .. 11,63G,340
Other securities .• • • 15,724,129
Notes ••••••• • • • • • • • 3,774,675
Gold and silver coin • • 664,8•45

£31.799,469
J. U. ELSEY , Deputy Caskier.
i 7.

NCi.E.--(THIS DAY.)
....... • ..
Leghorn .• ••.••• • • • • • • 30 65
t;etioa ...... •• .. 25 90
Milan ..
Venice •• • • ....
Naples • 40
Palermo, per 021..
Li5b0n..........
Oporto ..... . •• A 3
Itio Janeiro • • 26
liahia
Buenos Ayres
New York, 21 days'sight
IPhiladelphia .... • •

PRICY B OP BULLION, PIE OS,
Foreign Gold in bars.. X 3 17 9

New Dollars • . .• • 0 4 104
Portugal Gold Coln .. 0 0 0
Spanish Doubloons .. 0 0 0
Silver la harm . 0 5 0

THE Lof•DoN G.VZE TE.

(THIS EVENING.)

ST. JAMES'S PALACE, AUG. 3, 1847.

_ .
The Queen has been pleassli to appoint the following
Chaplains in Ordinary to her Maj,sty:—The Rev. Dr.
Charles Wesley, #11.• Rev. Evian Nepeun.
FOREIGN OFFICE, AUG. 3.
_

The Queen hus been pleased to approve of Mr. Whit-
more So bvell as Consul at Dublin for the Free Hanseatic
City of Br. men.

file Queen has also been plea-ed to approve of Mr.
H. C. Siukemann, as Port Adelaide for the Free Hanse-
atic City of Hamhurgh.

The queen has also been pleated to approve of Mr.
13..,hert Newman Hunt, as Cunsul-General in the United
Kingdom tor the Itnaum 4,t Muscat.

CHOW N• OFFICE. Auc. 3.
MEMBERS RETURNED Tu SERVE IN THE PARLIAMENT
SUMMONED TO •BE ThtLDEN AT WESTMINSTER, ON
TUESDAY, TUE 21ST DAY OF ,EPTEMBER, 1847.
CI 1Y OF NORWICH.
Arthur Richard Wellesley, commonly called Marquis of
Douro.
Samuel Morton Peto, of Somerleyton•hall, in the county
ut Suffolk, Esq.

• Aug. 4.
BURGHS OF WIG'( ON. NEW GALLOWAY,

SIRANRAER, AND WHITHORN.

Sir John SPTaggart, of Ardweil, in the county of Wig-
ton, Bart.
BURGHS OF DUMFRIES. SANQUEIAR, ANNAN,
LOCH NIABEN, AND KIRCUDBRIGHT.
William..!:wart, of Cambridge square, London, E.q.
CINQUE PORTS.
TOWN AND PORT OF DOVER.
Edward Riyd Rice, Ecq.
Sir George Clef k,
TOWN AND PORT OF HASTINGS.

Robert tiollond, of the Allegiia, Sam. Leonard's, in
the said town, Esq.
Musgrave Bribe°, of Coghurst, in the county of Sussex,
Esq.
TOWN AND PORT OF SANDWICH..
Clarence Paget, Esq., oommonly- callad Lord Clarence
Paget.
Charles William Grenfell, Rag.
TOWN AND PORT OF HYTHE.

Edward Drake Brockman, -
TOWN AND PoRT OF RYE.
_ _

Ht-rbert Barrett Carters. of Windmillhilt, in the parish
of Worthing, in the county of Sussex, Esq.
TOWN OF BERWICK-UPON-TWEED.
Matthew Forster, of Hampsteud, in the county of Mid-
dlesex, Esq.
John Campbell Renton, of Lamberton, in the county of
- Berwick, Esq
TOWN OF SOUTHAMPTON.
Alexander James Edmund Cockburn, of Wakehurst-
place, in the county of Sussex, Esq.
Brodie M'Ghie Willccx, of Dorset-square, in the county
of Middlesex, Esq.

Aufzust sth.
BURGHS OF I NVERK EITHISG, DUNFERMLINE,
QUEENSFERRY, KINROSS, AND STIRLING.
J.tin Benjxcnin Smith, of Vicar's Field house, Eccles,
Lancashire, Esq. •