The Sun.
London, England, 1847-08-31 00:00:00

3812 14 3

159439 17 19

decline to
do so, but he might say that the works were proceed-
ing according to Act of Parliament.
Mr. MoZLEY stated that there was no truth in the
assertion that had been made relative to the Lreidon
and North-Western Company having anytt-ing to do
with the proceedings of the pr.tprietors. He was not
prepared to pass the accounts, as 9,0101 had been
expended in the purchase of land at Leamington,
which was not required for the purposes of the Act
of Parliament. ihat item ought. to have come in the
accounts of the last half year, yet he found 'hat there
was no such item, but it Vt as included in law and
Parliamentary ex.enses ; yet, ilthoun4h the accounts
were audited, it c uld be proved that land at It..tertteir-
terrace had been paid for by two special cheques of
7,000/. and 2,0101., while it was staled that nu 14nd
was paid for. lie, therefore, repeated his gliestion
relative to the purchase of land.
The CHAIRMAN declined to answer the questiou.
Mr. Alozeni said that ON directors must. then stand
at the bar of public opinion, WllO would form their
r
expel++l 9,0101. for
):ae.rne confinedPini'jn ott_foetlh_Bloz oru
ct,lto9:o,ortohle...
aaeesariltiejohrnaaatitffeotdr;atestitikarrit:ittg-hhtei:trhtlre,hz:l4acq.ielu, neas,oll)irld,i,gp:chatitti
rtoth3eos,oaloeo:.t.
ihneelicr:iensvtl:reend,tethreadt he had
rgst(•)d.,
iiirecties lie
they were now
had
efore
the
'lidieftolhat on h ±1(-1 h (-1
"f;
agree-
mento"u*he
lution was carried to take sufficient land to
miles of railway nertoward and three miles ‘seouutuhr-
word, and that fact, he believed, justified the first
question he had put a 3 to how far the es!imates had
been exceeded, and he would leave the public to.
judge of how the directors had peforined their duties,
even before they entered into Vie agreement fur the
sale of the line.

The CHAIRM said, in carrying the resolution in
question that the directors were only consulting the
public accommodation in amply providing for expected
traffic.

Mr. MOZLEY said that he had recently discovered
that the resolution referred to was not for the purpose
or laying down four lint-sof raits on the marrow gauge,
but two on the broad, and the Chairman of the Great
Western Company had told them that the contracts
were entered into to make the line on that gauge,
whlch he (Mr. Mozley) contended was contrary to the
Act of Parliament. lie regretted that the Chairman
of the Great Western Company was not present, as he
wi,,hed to make one or two observations on what that
gentleman had said relative to the meeting for endea-
vouring to bring about an arrangement between
tl.e companies. Mr. Russell had endeavoured to
fix him (Mr. Mozley) with having stated that the
question on which they separated was the " only"
one to be considered. Now he would leave the
public to judge whether that was likely, when he
IPA repeatedly stated that it would be useless to
hold the meeting unle,s it was for the general pur-
pose of considering all difference, between them—and
tie had repeatedly put the question whether bo other
question could be gone into. There was one remaik

Alr. Russell's, Which, in justice to his It-gal friends,
he could not let pass. That gentlemen had endea-
voured to throw the onus of the negotiations being
broken off upon those gentlemen ; but, so tar from
that being the fact, they were very desirous of not
being mixed up in the question at all, and were not
to be found for some time by him (Mr. Mozley), and
hey were about to adjourn when they cone in. He
(Mr. Mozles ) would be extrem,l glad to have th
hsputes settl.ll; and either wish w
suit the shareh lders aith wh,,m be acted wou(d
fford every faci ity tor its be ug so settled in the doe
course i f kw, at as early a period as po,sible. Not
considerin„: the accounts satisfietory, he thought it
necessary to have an adjournment of tha tittering,
that they might be examined by a meeting f the
committee. He therefore begged to move—" That
the report now presented be not rtdopted, and that
the statement of accounts accompany iog the same
being wholly unsatisfactory to this ineevng, be not
received, it appearing that large amounts of the
funds of the company included in that account have

been paid away by the directors fir purposes
not justified by the Act of incorporation, and
contrary to the direction of the shareholders.
That such statement of accounts be referr, d, for exa-
mination to a committee of shareYealders, consisting of
Messrs. Samuel Beale, Abel Peyton, George Turner,
and IVilliam Robinson Kettle, and that such com-
mittee be requested to examine the same, and report
thereon, to an adjournment of this meeting, and that
the directors do produce to such committee, or to any
one of them, from time to time, all the books and
papers of the company in their possession relating to
the matter of such account, and that this meeting be
now adjourned to Friday, the 15th day of October, at
Dee's lioyal Hotel, in Birmingham, at three o'clock
in the afternoon:
Mr. GEORGE TURNER seconded the amendment.
The CHAIRMAN suggested that a portion of the
resolutian_which declared that large portio
funds had been paid away for purposes notj
the Act of Parliament, should be omitted.
Mr. Mozi.F.v, though he regretted that any portion
of the resolution should be distasteful to the directors,
felt bound to persevere in it as he proposed it.
On the question being put the amendment was de-
clared carried, the day _of adjournment being, at the
suggestion of Lord Hatherton, altered to the 22d, and
the report was accordingly negatived.
ADJOURNED SPECIAL MEETING.
The adjourned meeting was then proceeded with.
Mr. DODIE read a long legal document relative to
the steps taken to carry out the resolutions of the
24th of July, for going before the Court of Chan-
cery, and stated that the case would have come on
on Wednesday next, but to suit the convenience of
the other side an application was made to the Vice-
Chance;lor to defer it till next week.
Mr. Mozi.et moved the adoption of Mr. Dobie's
report, and the further adjournment of the special
meeting. He regretted that such a course was ne-
cessary, but in consequence of the legal proceedings,
it might be necessary that they should again meet to
consult upon the further steps to be taken.
The CHAIRMAN having dec'ined to put any motion
relative to Mr. Dobie's report, the resolution of Ju'y
not being recognised by the dii ectors,
MozLer divided his motion into two, and put
the resolution himself:—"That the report of Mr.
Dobie as to the filing of a bill in Chancery in the
name of this company, and the proceedings then on
be, and they are hereby approved and confirmed."
Having declared the resolutiin carried,
Mr. Mozm proposed—" That this meeting be
further adjourned to Friday, the 17th day of Sep-
tember, at Dee's Royal lintel,Biriuingtit three
o'clock in the afternoon, when he further c..iisi lera-
don of all or any tnatters referred to in the regula-
tion under which this meeting has been called, will
be resumed if necessary."
Mr. TURNER seconded the resolution, which, after
a short conversation, in which Mr. Stevens and
others objected to the wijourninent on the ground
that the purposes of the requisition were already ex-
, hausted, was carried, anti the meeting separated.