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

THE SUN,

filled up until the next half-yearly meeting, which was pu ' the directors proposed to be filled up by the elecCon
and lost.
of the following gentlemen.—Alexander Roes, E-q.,
A
Mr. Hibbert, jun. , was then almost unanimously elected. Walter Jones, Esq , Joseph Shaw, Esq., R. J. Lawton,
-. Paorturroa then moved for the election of a board of
auditors, to
AN stated that tit:, board of directors which Esq., Thomas Holmes, Esq. Mr Charles Hill, the au-
The CHAI ditor, would retire, and he offered himself for re-election.
had no objection to such officers, but in his opinion, The following were the assets and liabilities of the
their appointment would be injudicious. He had never lost company, up to Jan. 30, 1847 :
ASSETS.
nioney in any concern but one, and that had auditors. In
hp
beisooepr poninreiosntshiebilaity appointment would only be removing the Investment at barkers' £30,000 0 0
bar. from the directors, which they ought to Current account at bankers'
Cash in secretary's hands
;Oa the motion of Mr. CURRIE, it was unanimously de- Call unpaid
11.0.41 that the allowance to the directors should be increased Forty shares on hand
140 0 0
fromthm I,oeoOla/s.ttqou2a,rotoeor/..dpayer. annum, the increase to be made Interest on investment to this date
the eeThmanktisnwgere then voted to the Chairman and directors, and Furniture, fixtures, Sac.
separated. LIABILITIES.
Sir John Rernie claims *.£10,488 0 0
Messrs. Williams and Breese claim
Mr. Sturmy
Auditors
Direction
Dividend on deposit and call not yet
applied for
Incidentals, including salaries and rent

40 0 0
350 0 0

87 15 8
80 0 0

• Amount disputed, and now under the consideration of a
court of law.

The blowing abstract of expenditure from passing of
the Act, 1845, to the present time, was laid before the
meeting :
Engineering expenses
Parliamentary agents
Law expenses—Mr. Shaw, solicitor to Mr
Archer, taxed costs in suit against him 2lB 12 4.
Compensation—Messrs. Poole and Powell,

solicitors to Mr. Griffith. of Llanfair 4OO 0 0
Stationery account—bot,ks, stationery,
stamps, printing, engraving, certificates,
&c. .

402 11 9

Salaries
Rf nt
Direction
Furniture, &c. Sac 223 13 6
*Office expenses, 1845 and 1846 202 14 2
*Miscellaneous expenses, 1845 and 1846 lO5 16 0
Travelling and deputation expenses
Auditors

£3,896 19 7

* These items include the entire expenses since the forma-
tion of the company.
The CHAIRMAN then said that the directors had hoped
to come to some arrangements with other Companies
to take the concern off the hands of the Company at a
fair and ample remuneration. The meeling was aware
that great influence had been used to injure the interests
of the Comrany by a person whom he would not then
descend to name, neither would he enter into the state
ments put forth by that person. It was the opinion of
the directors that it would be advisable to construct the

line only between Bangor and Carnarvon. He would be
perfectly ready to answer any questions which might be
put to him. He would move that the report read, be
received, adopted, and circulated.
A SHAREHOLDER wished to know the position of the
company in regard to the claims of Sir J. Rennie.
Mr. STURMY, the solicitor to the company, said that
Sir J. Rennie had brought his action, which had been
pleaded to upon two grounds—first, that of payment ;
and the second plea would raise the whole question, by
trying the general issue.
Sir J. RENNIE wished it to be understood that he had
done all he could to arrange the matter with the com-
pany ; he did not wish to go to law, far from it. At-
tempts to arbitrate the matter had failed, and he would
have no objection to have the matter referred.
Mr. BUTLER put a number of questions to the
chairman as to the truth of a number of statements
contained in a pamphlet published under the title of
" A Black Book with a White Cover," by the late secre-
tary of the company.
The CHAIRMAN said that there was not a word of
truth in any of the statements contained therein.
Mr. ARCHER, who, it appeared, was the late secretary
of the company, contended that the statements were
borne out by fact, and prepared to read a number of
entries from a suspicious looking book with a cover of
brown paper (the only document in existence containing
the early history of the proceedings of the company),
but in consequence of the confusion created by this
mode of proceeding, he was length compelled to desist.
Mr. MOTT proposed, and Mr. SHAW seconded, an
amendment that the meeting be adjourned. and a com-
mittee be appointed to inquire into the state and pros-
pects of the company.
The amendment was lost by a large majority, and the
original resolution was then agreed to.
The following gentlemen were then appointed directors
of the company for the ensuing year : —Mr. Alexander
Ross ; Mr. Walter Jones ; Mr. Joseph Shaw, of Hud-
dersfield ; Mr. Lawton, of Manchester ; Mr. Thomas
Holmes, of Hull.
Mr. Charles Hill was also re-elected to the office of
auditor to the company.
Again a scene of the utmost confusion ensued in con-
sequence of Mr. Archer's entering again into the
question of the statements of the " Black Book." In
the midst of this confusion a shareholder proposed a
vote of thanks the chairman, which was unanimously-
agreed to.
The meeting then broke up, having lasted for upwards
of three hours, and leaving Mr. Archer to the perora-
tion of a very violent speech.