The Sun.
London, England, 1846-04-30 00:00:00

LONDON AND YORK RAILWAY,
COMPANY'S OFFICES, 7, LOTHBURY, LONDON.

NOTICE TO THE SHAREHOLDERS.

The London and York Directors deemed it better to delay for a
few days any communication to their shareholders, in order that they
might be able to state the results of the several important negotia-
tions bearing upon their Interests, In which they have been and are
still engaged.
They regret they cannot yet announce the final issue of these ne-
gotiations, but they think It right to explain that the negotiations
with the Eastern Counties Railway have been much embarrassed by
the proceedings of Mr. La .Bert and his Size-lane " Private Com-
mittee," which the Directors have reason to believe was got up for
the purpose of serving the Eastern Counties interests, and whose
agitation encourages that Company to offer terms altogether disad-
vantageous to the London and York shareholders.

The Directors rely upon the support of the Shareholders to enable
them to maintain an independent position in their negotiations, and
would warn them against intrusting Mr. La Mert with authorities
which are now used to their disadvantage in the treaty, and may
hereafter be used to assist the Eastern Counties Company in the Par-
liamentary Committee. The Directors point to the specious lan-
guage used by Mr. La Mert, and his agent, Mr. Henry Phillips, as
though he was acting bona fide with the cognisance of the Directors.
This impression has prevailed extensively, and has misled many of
the Shareholders.
The Directors are not insensible to the effects of the fear of calls,
in the present depressed state of the money-market. But whilst
they deem the Parliamentary position of the London and York Bill
to be such as to give every confidence that it will be passed without
any very protracted contest, they are also able to add, that without
any amalgamation the Directors will have in hand at the end of the
session ample funds to enable them to proceed hi the execution of
the Act, without any call before the spring of next year.
The Directors have, however, good grounds for anticipating the
their
early conclusion of arrangements, which will greatly increasend they
resources, whilst it will diminish individual responsibility ; a
also add their conviction, that when the Eastern Counties company
find it impossible to compel the acceptance of such disadvantageo
be induced to re-
proposals as have hitherto been made, they
may
.
cognise the formation of the London and York line, and effect arrange-
ments mutually advantageous to both Companies.
Armed with the powers of an Act .o f Parliament, the Directors
woul be able, wiout sacrificing, the line, or any advantages to the
publidc, at once to thconclude mor advantageous arrangements than
at present, and having hitherto beeen honoured with the fullest confi-
dence of the Shareholders, the Directors trust they do not too much
presume upon it when they venture to assure them that no oppor-
tunity will be lost in advancing and securing their interests. The
answer of the Directors to the present offer of the Eastern Counties
Company is subjoined.
(Signekl)

WILLIAM ASTELL,
Chairman of the Board of Directors.
J. R. MOWAT r, Secretary.
Offices, 7, Lothbnry, London, April 29, 1846.
London and York Railway, Offices, 7, Lothbury,
London, 29th April, 1846.
TO C. P. HONEY, ESQ., SECRETARY OF TILE EASTERN COUNTIES