The Sun.
London, England, 1847-02-24 00:00:00

THE NORFOLK RAILWAY.

The usual half-yearly general meeting of the proprietors
of the Norfolk Railway was held yesterday afternoon, at the
offices of the company in Guildhall-yard. Mr. Adam Duff,
chairman of the board of directors, in the chair.
The report stated that during the past half-year
the traffic upon the line had considerably increased.
The r-ceipts had amounted to 45,689/. Is. 2d.,
and the expenditure to 22,190/. 4s. Bd.; after pay-
ment of the half-year's interest on the mortgage
debt, amounting to 3,8601. 17s. 4d., there would be a balance
available for a dividend of 29;387/. 1 ls. Bd., and the di-
rectors accordingly proposed that a dividend, at the
rate of 3/. 10s. per cent., should be declared on the
capital stock of the company, and 4s. I Id. on the
22,000 101. shares, payable on the 4th day of ➢larch next.
A preliminary agreement had been come to with the Eastern
Union and Ipswich and Bury Companies for the union or
amalgamation of the two concerns upon the following terms,
namely—the Norfolk Company were to be guaranteed 7%
per cent. upon the whole of their capital, but, in case any
proprietor objected to take the amalgamated stock, he was to
have the option to dispose of his interest, at the rate of 150/.
for every 1001. share.
The CriatrimAN, in moving the adoption of the report,
stated that the agreement for the amalgamation was only
come to on Saturday, and in the present state of the railway
market the directors, with the view of obviating
expensive Parliamentary contests and unwholesome
competition, had thought it best to accept the
7% per cent. A special meeting would be called to discuss
the details of the agreement, but still it was proposed now
that the shareholders should express their feelings upon the
matter in adopting the report.
After a short discussion the report was adopted with only
four dissentients.

The dividend having been declared,
Captain Charles William Tyndale, Captain Charles War-
dell, and Ebenezer Fuller Maitland, Esq.' were re-elected
directors of this company; and Mr. Stephen Nicolson
Barber, jun., and Mr. Benjamin Wigg Hickling re-appointed
auditors.

The CHAIRMAN said it was proposed to capitalise the loan
debts, and, with the permission of the meeting, he would
move two resolutions for the purpose :

The first was—That in pursuance of the pourers vested in
this company by the several Acts of Parliament, 7 and 8
Vic., cap. 18, 8 and 9 Vic. cap. 41, and 8 and 9 Vic. cap. 154,
and also of the Act of Parliament 8 Vic., cap. 17, and subject
to the provisions of such Acts, it is hereby directed that the
22,000 10/. shares, which have been created under the powers
of the Act of Parliament 8 and 9 Vic. cap. 154, the whole
money subscribed in respect of Which (amounting to
220,0001.) has been called, be, and they are hereby conscli-
dated, into the general capital stock of this company, in the
proportion of 101. consolidated stock for every 101. share.
Second, That in pursuance of the powers granted to this
company for that purpose, an additional capital of 197,0001.
be now raised to be divided into shares of 201. each, and
offered to the proprietors of shares and stock in this com-
pany, in proportion to their existing interest therein—that is
to say, one 201. share to every 100/. stock, such new capital
to
e be applied
payment of the present mortgage debt of the
deposit of 51. to be paid upon each share, and
to be called for by the directors, as occasion
A PROPRIETOR inquired when the leans became due?
stehhaeml eIP ritaenpq3pr. remainder
A ure for effecting the object aforesaid.
The CHAIRMAN. replied, in the present year, 1848, 1849,
1850, and 1851.
The resolutions were unanimously adopted.
A vote of confidence in the directors was then passed, and
the business of the half-yearly meeting closed.

SPECIAL
resolved
EETING.
The proprietors themselves into a special
meeting, when the following Bills were unanimously ap-
proved of:--
A Bill to enable tl extend
Norfolk Railway Company to
their Railway to the town of Great Yarmouth, and for other
purposes.
A Bill to empower the Norfolk Railway Company to make
a Railway from the Norfolk Railway, in the county of the
city of Norwich, to Aylsbam, in the county of Norfolk, wi:h
a branch therefrom to North Walsbam.
A Bill to empow
mer the
ondham Yorfo R
to pi
lk ailway Company to make
Wyss.
a Railway from
A Bill to empower the Norfolk Railway Company to make
a Railway from the Norfolk Railway near Thetford, to join
near
Bury St. Edmunds Railway,
the Ipswich orßury St.
Edmunds.
A Bill to empower the Norfolk Railway Company to make
a Railway from the Norfolk Railway at Thetford to the
Lowestoft Railway near Reedham, with a Branch to Hales-
worth.
A Bill to asthorise an Alteration in the line of the Lowes•
toft Railway and Harbour Company.
The meeting terminated with the customary vote of thanks
to the Chairman.