The Sun.
London, England, 1840-02-28 00:00:00

1:,086,940 1U VI

1674,559 4 11

3,765,4:1015 8

EASTERN COUNTIES RAILWAY

The Seventh General Half-yearly Meeting of the Share-
holders of the Eastern Counties Railway Company wrs
held yesterday at the London Tavern, Bi,hopsgate-street,
to receive the half-yearly report of the Directors. Mr.
Bosanquet in the Chair.
The meeting was very numerously attended.
In the report that was read, the Directors, alluding to
certain individuals who had procured a mandamus to issue,
in order to compel them to continue the railway to Yar-
mouth, stated that they had put in a return to the man
damus, which they deemed would be satisfactory, and
bring to a happy termination those vexatious proceedings.
The Director announced that the promoters of the man-
damus had resorted to other steps, and had procured a pe-
tition to be presented, praying for leave to bring in a Bill
to promote their views. It was signed by 47 individuals.
of whom 15 were solicitors, and the majority of whom had
no connection with the Company. It was with the utmwt
reluctance that the Directors had been compelled to make
a few calls. The unprecedented pressure in the money
market had pi evented the issue of the Company's Mien
tares, and the Directors had no other alternative but to re-
sort to the Shareholders. They congratulate the Share-
holders on the stability of' the works that were already
completed, and were highly c-editable to the engineer.
The works at the London end will soon be ready to re-
receive the Noith Eastern Counties' train. The Directors
declared 1,319 shares to have been forfeited ; they also
acquainted the Shareholders with the generous and high-
nreninincicieudieshoenddutic,teosfutmhe
olfigilsit,ololc(7., Hpa.yLabableoutoehheirme, whofrcin o
had
e
Company. The total amount that had been paid upon
the calls made up to the 30th of December, 1839, w
as
93 1,6 40/. 17s. 101., and the arrears on the several calls
amounted, on the Company's shares, to 33,5461. The
contracts for works had amounted to 283,1841.: the ex-
penses drags, &c., were 11,2221 ;
rails, chairs, &c., 172,6(051. ; solicitor's expenses, 2,0991. ;
advertising, i forg
print
ig,
3,080/. ; various other inlocomotiveprinting,
ex-
penses, including that of absconded clerks, 6,942/. The
disbursements amounted to 130,956/. There was a balance
in hand of 30,0001. From the Engineer's Report it ap-
peared, that when certain obstructions in Brick-lane had
been removed, the line would be brought within 800 yards
of the metropolis.
Mr. R. S:evenson's report on the estimates of Mr.
Braithwaite, the engineer to the Company, was then read.
lie concurred mainly in Mr. Braithwalte's estimates, with
the exception of one or two minor details.
The reports having been read, Mr. SMITH moved, and
Mr. CUBIT? seconded the motion, that the Report be
received and printed.
Mr. COSALD thought it would have been as well if the
expressions at the commencement of the Report bad been
omitted ; and also he thought that the Shareholders ought
to have had the printed Reports in their hands, so as to
have had an opportunity of properly considering the
accounts and expenses of the Company. He (Mr.
Cobald) was one of those who had signed the pc-
tithn that was alluded to in the report, and he begged to
say that the only object he and the other gentlemen who
had signed that petition had, was to provide for the intro.
duction of a Railway into those counties in which they %ere
more particularly interested. With respect to the amended
Bill, which was also alluded to in the report during the
discussion on that subject, the Directors had entertained a
doubt, and pledges were given that it was the bona file
interest of the Directors to carry through the line, according
to the original undertaking, and therefore it was that they
asked two years further time for the purchase of land ;
the two years had been given them, but what had the Dirce-