The Sun.
London, England, 1847-08-10 00:00:00

--- -----
NEWMARKET RAILWAY.
(THIS DAY.)
The second half-yearly general meeting of the
shareholders in this company was this day held at
the London Tavern, Bishopsgate-street, fur the pur-
pose of receiving the report of the directors, and for
transacting the ordinary business of the compellY.
The chair was taken at one o'clock by Lord George
Manners, the chairman of the company.
The notice convening the meeting having been
read, and the minutes of tie last meeting halving
the s!*
been confirmed, the Chairman called upon
cretary to read the report, which stated thatthe
prosecution of the works. of this railway had men
leave
_
carried on with that energy and diligence, as to
no doubt on the minds of the directors that their pledge
in regard to the opening the line for traffic, en 1.
before the Ist of October next, would be fulfille
The several calls made during the past eight month:-.
had amounted to 101. 18s. (making, together vsitn
the original deposit, a payment of 13/. 10s. Pe
share), share), have been paid up with almost unexamp,
promptitude, notwithstanding the extreme depressto.
to which during that period, the money market had
been subject. The directors also had to report tho
a friendly understanding existed between the NI;
market and Eastern Counties Companies, whereb'e,
such plans and arrangements had been made for tiA
general management and working of the line as shells:
effectually promote the accommodation and conire;he
ence of the public, and the consequent advantage tlf
shareholders. Half the capital of the compile)" belie
paid up, the directors had proceeded to execute
ration
f
powers vested in them by the Act of Incorpode;
borrowing on mortgage the sum of 116,000/9.9°s
was proposed to submit a resolution to the meetingi;
proving of the same. The directors recommend
pursuance of the powers vested in the cone to
the Act of Incorporation, for the extension Ilia,
Thetford, Bury St. Edmunds, and Ely, ace":l
obtained the Royal Assent on the Bth el
should t,et
last, interest at the rate of 5 er cen. pet
annum be allowed to the shareholder 111:9,
the deposit, and all future calls Pr
The directors have further to report, that thebePpg..
rnanent surveys for the extension lines wer:%,„ for
proceeded with, and instructions had been gll'onel,
commencing the preliminary works at the
which comprehended that portion of theca reltre
the longest time for completion. Averse .50 t thel
rectors were to contract new engageseents',3oo6.
could not refrain from most confidently reeerill'Y -0
ing an extension of the line from Chesterfont
Royston (a distance of nine miles), so as to siTto
junction at the latter place with the line ° te
Great Northern Railway, thereby
respective
the North Eastern district the Prer-coir
advantage of a West-end terminus.
elusion, the directors further recomineeu`-ce of:
order to raise the required capital in furtherellesch,
this object, the creation of 6,000 shares of _.sl' to be
representing a capital of 150,000/. ; such 9111";015
allotted to holders of the company's existing forth..
as may be pleased to signify to the secretarY
with their readiness to accept the same.
A general statement of the receipts and 50to
ture of the company, from its foundation to
June, 1847, was then laid before the meeting. .00 pre
The Noble CHAIRMAN in moving the o'll belt
the report, said that the proceedings of the P—otbei•
year possessed no feature of great importance Which
than that of the unexampled promptitude with
loich
the works had been proceeded with, and with WO-
the calls had been paid. With respect to the
Who
circumstance, he would say that out of thetinvit°
amount of calls which had been made, aol°ll,rrjbw t..tioty
189,000/., only 11,0001. remained unpaid. et
Dv-
expense of the Parliamentary contest for the besohore,
year would not exceed a sum of 135. 6d. Perrowoe.'
and he was happy to say that success had °to Or
their efforts in obtaining legislative sanction oda.
Bills. He should be happy to answers nY of On
which might be put to him on the biee*
report. tbe °elf
A SHAREHOLDER wished to know whether he For
capital to be raised was intended solely fel. t'
poses of the Royston and Hitchin Railway'
The CHAIRMAN said that it was. that„/
The same SHAREHOLDER then sugges"—disce°,l,'-i
the present shares of the company were at of
it could nut be expected that the shareholder°, col,
company would take them at par when threejat•
purchase them in the market at two P-
count.were i 0 D 9
The Noble CHAIRMAN said that there ° wee
reasons, which it would not be prudent 00°-..'0100/10
tion, why the directors thought that tba r"for
authorising the creation of the new ahe_.eres d 14
Royston and Hitchin Railway should be ag.`"" ,
the meeting. s 01311111„;
NI
After a short discussion the report tto
g le
mously agreed to, on the understandin seetg
the directors saw their way perfectly clear 'I
of
were to be taken with respect to the creation
new capital.
A resolution authorising the borfell
directors
on mortgage the sum of 116,0001. on such 1,600011
they •
might think expedient, was also 110811
agreed to. terms
ar-ihs
A resolution was submitted authorising
p all
tors to pay interest at the rate of five per cent. olio t"
future calls to be paid up for the extensio
Thetford, Bury St. Edmund's, and Ely. , 'Ott
Mr. MORTIMER submitted that it NVOIlld, be
41/1-
that no interest should be paid upon any °I ti
until the shares were completely registered. ditect'V
A DIRECTOR said that in no case had the fir
paid any interest upon shares, until they "
registered. Pt,
Mr. MORTIMER then moved, as an amencinelcalloit.
the rate of interest be four instead of five rodot°
The resolution, as amended, was then to
_dos
agreed to. the Petjraii
The meeting was then made special, f°.1:17-theres,os
of authorising the directors to proceed wi'".bocoorito
site surveys, and to apply to Parliament, iti;roilvOiiest
session, for a Bill to extend their line oat or ~.to
join the Royston and Hitchin Railway oppo'
Royston, and to take such steps as trigh'offect.ihott
them expedient for carrying the same into :ere
A series of resolutions to that effect "
unanimously agreed to.
A vote of thanks was given to the -Le-
man, and the meeting broke up.

To
________---!-• fry
MR. COWAN'S INELIGIBIL ab fe,.:
SIT IN PARLIAMENT. ~en 01-.,h,
A question of great importance has 3ri'n ivililvost
gard to the election of Mr. Charles Cosc,;tit.teas,l4'
now the subject of much discussion• the X,%to'
the Hon. Member holds, as a partner °' Aye' tioa
Cowan, a Government contract for the suPositl/a iti
tionery ; and that as all persons in suel4a votinatv
are disqualified by statute for sitting 3,ne uodefroei
the House of Commons, Mr. Cowan will o ondaVe
aensleecacetsGisoiontyv-eNorvfni
Irmle
etcinrotirilicsgeocinfrutoreairticitttloyhre
traaenkpder,espieifnasctoaet. io
ii,sl,2lollbeeiltelyept
that Mr. Cowan is interested to SOIVe 5 re ellt °
no doubt of his ineligibility sit la' rbt3llorebil;lline:tall,°l
long as he retains this interest; and pro as it,lof tv,ie
case another election may take place,joeh de,/
likely that Mr. Macauley would avail ',ibis griioe
opportunity of ousting Mr. Cowan on 'We ~13
and so possessing himself of this seat'llo.sl,e
have been greatly surprised, however, le of lit,t tll
had stood without his being fully avWend tlibeicre
tion; and we hear that the fact is so, spire refore'
contract which Mr. Cowan holds will ,F,O, the a
the meeting of l'arliament. The quesil"
state 0111
will never be raised.
tbbhye
ea roniunargt
ucorofenttahenemdl i iotea
seta` •ca .0
As some misapprehensions on the ,„ei elf %pit°
lwiceatisohnalolf rire dot
s.*;.b.sll,rdoi;
cap. 45. who „ o ~/
contemporaries,
eaorniaepstphfs subject have oteriefiqi Geo,
lll.,t:Suyencot.rolifnddetihcrleeacrpteulysb,ltiuhcnastdeerravtniacykee, pearscoonntbriewitoctiobtligee ::,,f
raecce‘
'shall. the the cOi.
being elected, or of sitting or voting 111/Ihold '
Commons, during the time' that he she • er
t be fa
bract,ll" ball 11° of e
" S e*Z, . 3 provides that the Act 5
~, 4 WC, 001
tended to any contract made by fin.'„ooitY,,,,eoo
trading company in its corporate fiftL-1. the 16 "
such contract shall have been made bera dia.
blvote
benefit of such incorporation.' rson • or a
" Sec. 9 enacts, ' that if any' Pie to sit tope
abled be declared to be incapahie be ,reso., r
in Parliament shall nevertheless
°linty,
ro isie
as a member to serve for any cand retua void:
place in Parliament, such election. _ 011 an 0001
hereby enacted and declared to hY_ the 111 to 5./
And the same section provides 101prooe000, 1
of any of the disqualified who shall f Coral%3ll lit
or vote as a Member of the House 01101 he 6
the sum of 5001. for every,day' ill w t. ro•
a that be
or vote in the said House. resume d thst• b,
1. From sec. 1 and 9, it is P oid, ao rot
Cowan's election and return are v ,cnetike
A the
cannot vote even for the appointment °I '
2. From sec. 3 it appears that ALF
out incurring a penalty of 5001.
..,_. fitisor ho ha
v interest If 00 or
other representatives of the railway
under„ heills
been returned to Parliament Met, their sea post.
prehensions as to the security olii. Frenitig, '
_...1
affected by the ,tatoe.--Edinbur/,L4__
si gene'e;,
-------4,he n„ 0 1,0
c,
THE CALEDONIAN BANK '
tilirireillgsS °,), dire a
held a.. . Ainst• ..t.t
meeting of this comp...fly was_f the or. e repo,r.l
day; John 'toss, Esq.. chairman ()
_ear pi. edr. u p copicio;
tors, in the chair. The per
of the )
on the Pal decli're 0,
to amount to Aout ft per cent.
~irectors _OO, ~
f9dA.ll-igurrstourroa• •nivail°lo
of the bank of 125,000/., and theiu,c,t.
___ of inctio.,o;cy
dividend of 8 per cent. without deo lTintee fo ci
cutil.
and the surplus was carried to the guart
ts a - hot
6, repor ost 0
nowThaemoGuanitwsatyo 5111),.501.c971,.ry350.
der in that county at a place cane,
~.s on his
_O9, ,
fair in Connemara. The perwnB pc.
tr_e
to
(.f a pig-dealer, naircd Lowry, who "a.' whoa°
whiutb,l3;lo
st,pped, a man nanicd Monahan,bl..c,ll.4ears
committed for the crime. The ojc D PE
been plunder.