The Sun.
London, England, 1847-01-07 00:00:00

monopoly. But even if they do this, and the Northern
Company accept their offer, it is by no means certain
that the rails will be delivered in proper time. It is
probable, on the contrary, that they will not be delivered
at the periods stipulated for. But of what consequence
is it for the country to suffer if monopoly be protected?
To mention an instance:—The works of the railroad
from Dijon to Chalons-sur•Saiine are quite ready with
the exception of the rails. If they were on the ground
ready to be laid the road might be opened to the public
next spring. Now, of 40,000 rails which ought to have
been delivered before the Ist of the present month, only
4,000 have been delivered.' Owing to this delay, which
is imputable solely to the iron-masters, who accept more
orders than they can execute, the opening of an impor-
tant line will be deferred for an entire year, to the in-
jury of the company and of the public."
The KING and QUEEN of the BELGIANS arrived in
Paris on Monday. _

The Three per Cents. closed at 80f. 15c. ; the Five per
Cents., 118 f. 50c. ; the Orleans Railroad Shares, 1,257 f. 50e. ;
Rouen, 911 f. 25e. ; Havre, GSOf. ; Great Northern, 640 f. ;
Avignon, 863 f. 75c. ; Yierzon, 605 f. ; Bordeaux, 561 f. 25c.;
Troyes and Montereau, 350 f. ; Dieppe, 355 f.; Tours and
Nantes, 485 f. ; Paris and Lyons, 508 f. 75c.; Lyons and
Avignon, 485 f.., ; Bordeaux and Cette, 450 f. ; Spanish
Domestic Debt, 31 ex div.
MARSEILLES, DEC. 31.—Marseilles and Avignon, 887 f.
50c. ; Northern, 6551. ; Paris and Lyons, 5101.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JANUARY 6.
Boulogne and Amiens, 153/—Central of France (Orleans
and Vierzon 131/2—Great Indian Peninsular, %—Great
Western Bengal, A—Luxembourg, :/t—Namur and Liege,
VA—Northern of France, 10%—Orleans and Bordeaux, 83/
—Paris and Lyons B%—Paris and Orleans, 49—Paris and
Rouen,36 lA—Paris and Strasburg, 44—Rouen and Havre, 27.

UNITED HILLS MINE COMPANY.
(THIS DAY.)
A special general meeting of the shareholders was
held today, at the Company's offices, 5, Adam's-court,
Broad-street—Mr. Clark in the chair.

A report was read, stating that the directors had been
compelled to suspend the resolutions come to on Nov.
12, 1846, to the effect that new shares should be issued,
and that 3,0001. of the debt should be liquidated. It
stated that 1,800 of the shareholders had refused to
take up new shares, and had offered their old shares at
a ruinous price in the market. The directors, there-
fore, could not go on. They proposed now creating
4,800 new shares, issued at 1/. instead of 21. 103., in hope
that the shareholders themselves would take them up,
and thereby enable them to extinguish the debt alto-
gether.
The CHAIRMAN stated that the debt was 4,0004 and
the additional 8001. would be very advantageously em-
ployed in sinking their shaft to a lower level.
The report was adopted and passed.
The resolutions of the 12th of November last were
then rescinded.

A resolution rescinding any clause or clauses in the
company's deed opposed to the creation of new shares
was unanimously adopted.
Resolutions based on the report, and creating 4,800
new shares, at 11. each, to be .offered to the shareholders
on or before the 21st January inst., were then unani-
mously passed, and the meeting separated.

ELY and HUNTINGDON RAILWAY
COMPANY.—(THIS DAY.)
A special general meeting of the proprietors of the
above company was held at the company's offices, Mill-
bank-street, in order to authorise the directors to borrow
such sums of money as were specified by the Act.
The advertisement convening the meeting having been
read,
Mr. H. C. LACY, the chairman, said that the business
which they were assembled to dispatch was brief, but
important. The directors sought to borrow certain sums
of money, to enable the company to proceed with the
works. For this purpose they required the assent of
the shareholders, and he should, therefore, submit to
them the following resolution :
" That the directors be empowered, and are hereby
authorised and empowered to borrow on mortgage or
bond, at such rate of interest not exceeding five per
cent. per annum, and for such period or periods as
they shall think fit, the whole or any portion of the
sum of 64,8001., which the company by their Act of in-
corporation is authorised and empowered to borrow."
One of the PROPRIETORS having remarked on the rate
of interest they were empowered to give,
The CHAIRMAN said they would of course endeavour
to borrow at as low a rate of interest as possible.
Several Proprietors wished to know whether the
Eastern Counties Company were likely to accede to the
proposals made to them by the company.
The CHAIRMAN said that they had refused already;
but he understood that they themselves would bring for-
ward proposals for some negotiation very shortly.
The resolution was then agreed to, and the meeting
separated.