The Sun.
London, England, 1846-02-04 00:00:00

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EXETER, DORCHESTER, and WEY-

MOUTH JUNCTION COAST RAILWAY.
(THIS DAY.)
A special general meeting of the subscribers to this
Company was held this day, at their offices, 62, Moor-
gate-street, for the purpose of receiving a report from
the committee, and determining on the most advisable
course to be pursued; R Riddel, E3q., in the chair.
The SECRETARY having read the notice convening the
meeting,
The CHAIRMAN said he thought the best course to be
pursued was for the Secretary to read the report in the
first instance.

The SECRETARY then read the report, from which it
appeared that the committee wished to ascertain if the
shareholders desired to submit the undertaking at once
to Parliament, or to postpone it to a future period. The
object of the line was to fill up the gap on the line of
coast railway between Dover and the Land's End, pro-
vided for by the other companies. From the traffic
tsbles it appeared that the undertaking would yield a
remunerative return, especially between Exeter and
Exmouth. The line was greatly increased in value by
the intention of Government to construct a harbour be-
tween Portia id and Weymouth. Another scheme, similar
to theirs—the Bridp rt and Exeter Railway—shares
in that Company were not allotted. Your committee
made application to the South Western and Great
Western Railways for union with them, but had failed
in effecting that object. The shares allotted were 42,076,
on 15,532 only of which deposit had been ph', and in con-
s( quence of the sufficient number of shares not being
taken up on the whole line, they determined to limit
their line to the gap already mentioned, but from the
Great Western they would receive opposition. It there
fore remained for them to decide on what course was to
be adopted.
Mr. COWEN said, that before that report was adopted
he wished to ask a few questions. The first was, whether
all the gentlemen composing the provisional committee
wrote for shares, and had they paid their deposits ?
The CHAIRMAN said he bad directed a paper to be pre-
pared containing the names of the whole of the provi-
sional committee, the number of shares they had applied
for the number allotted to them, and the number on
which deposits had been paid. A great number had not
taken up their shares. The number of those who had
taken up their shares was 16 out of about 60 or 70.
The SECRETARY then read the names of the parties in
question, and said that several of the directors had
applied for 100 shares, but had taken up none. Others
who bad rot applied for shares had been allotted some,
and some had paid 304 _

The CHAIRMAN said he had sent circulars to the ma-
naging committee to take up their 25 shares, or pay
301.

The SECRETARY continued with the list, and among
those who had taken no shares where the names of Mr.
Bulkely Hughes, M. P., and Sir J. Key.—(A laugh.)
It also appeared that the chairman had taken 25 shares,
and that his brother Mr. R. Riddell, had written for
1,000, but taken none.

The CHAIRMAN said, as the latter gentleman was out
of town, he thought he ought to state that ho had ap--
plied merely as a shareholder, and he (the Chairman)
had no doubt that he would take up his shares as other
parties had done.
The SECRETARY then read a list of the names of the
provisional committee, several of whom had applied for
200 shares each, and the greater number of whom did
not pay on their shares. Among the remainder was a
Major Fitzgerald, who had applied for one share, was
allotted one share, and had paid on one share.
The CHAIRMAN, in reply to some questions, said
that only thirteen of the managing committee had been
elected, which took place at a meeting where he had
presided. He was sorry that he could not give them a
correct balance-sheet at present, but Mr. Morrison,
who had taken a great interest in the concerns of the
Company, would give them a rough statement of the
affairs of the Company.
Mr. MORRISON then read a statement, from which
it appeared, that the total number of shares paid on
was 15,582 ; 2,610 had been re-purchased, leaving
12,971 shares at present:in possession of the shareholders.
The proceeds were 2,7290/. The cash paid to engi-
neers, 4,227/. ; to solicitors, 1,922/. Is. Bd., which with
office and other charges, and with the balances that re-
mained due, would make a total in the expenditure of
11,8001. The amount in hand was 15,000/. which
would give about 245. a share. The amount necessary to
go to Parliament was about 75,000/.
A SHAREHOLDER said as there was only 27,0001. paid,
why did they incur the expenses they had done ? '
The CHAIRMAN said that if the managing and provi•
sional committees had taken up their shares, as it was
expected they would have done, they would have had
quite sufficient funds to proceed with.
A SHAREHOLDER said he considered that if they had
had a Committee before they proceeded in their reck-
less expenditure, it would have been better. If the
money belonged to the Committee, instead of to the
shareholders, it would have been very different.
The CHAIRMAN said, in reply to a question, that he-
had intimates to some of the Committee that shares
were reserved for them. Upwards of 2,000 shares were
bought at a premium, the rest at a discount.
Mr. LEWIS proposed that the report then read be '
adopted, and that a Committee of four shareholders and
four of the Managing Committee be appointed to inves-
tigate the affairs of the Company.
A SHAREHOLDER seconded the resolution.
A SHAREHOLDER said, he wished to know how the
Chairman could reconcile the proceedings at a meeting
of the Company at Weymouth? Mr. Crew, the chair-
man, said that this line was most favourable. He did
think it was his, the: Chairman's duty, to have called
the shareholders together before they proceeded in their
expense. He would therefore more an amendment.
The CHAIRMAN said that they had reserved the
right to themselves to go on with the twenty miles
only, for which they expected to have sufficient capital
to go to Parliament. They only wanted 7,000/. to go
on with the undertaking.
A SHAREHOLDER—It required great consideration
before they complied with the resolution. From the
statement, it appeared that they had lost about
1,800/. by the conduct of the shareholders. He would,
therefore, prepose that the meeting should adjourn, and
that a committee of the sharholders should be appointed
to investigate in the meantime the state of the accounts,
which should be reported to the shareholders at the ad-
journed meeting.
A desultory conversation ensued.
A resolution was proposed and seconded, that a sum
of 21s. per share should be immediately returned to the
shareholders, that a committee of nine of the share-
holders be appointed to investigate the accounts, and re-
port the same to a meeting of the shareholders ; that
five of them should constitute a quorum.
The, resolution was carried unanimously, and the com-
mittea appointed.
A vote of thanks was then:passed to the Chairman,
after which the meeting separated.

THE FUNDS.-(CLOSING PRICES.)

ONE CLOSINU
• BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock .. .. .. .. .. .. .. 208 207 208 208%
Three per Cent. Annuities .. .. .. 95%%% 95%
Three per Cent. Consols Annuities .. .. 95% 947 e 95% 95%
New Three-and-a-Quarter per Cent. Anns. 97% m 4 981 A 9814
Long Annuities, Expire Jan. 8, 1860 .. 10%% IN
Ditto, 30 years, Oct. 10, 1849 .. 10 5-16 % 1014
Ditto, 30 years, Jan. 8, 1860 .. .. 101 10 3-16
India Stock .. .. .. .. .. ~. .. 255% 257% 257

India Bonds, 1,0001.

Ditto,under 1,000/. .. • • .. .. 30
South Sea Stock .. .. • • .. ~ 105

Ditto, Old Annuities .. .. .. 953 95%
.. %%
Consols for Account .. • • • • • • 95 95%
Exchequer Bills. 1.314 d. I%d.
.... 32 28 3.5 32 pm. 35
32 30 35 pm. 35
23 30 35 pin. 35
ONE CLOSING
O'CLOCK. PRICES.
DFI,SOOOItORt!ImaII•;.F•UND---s. :•••• :
Brazilian Bonds, 5 per Cent • • .. 821 A 82%
Chilian Bonds, 6 per Cent .. . • • • 99 99
.. --- 3
Equador Bonds .. • • • • • •
. 30%
GO
Portuguese
,BeoFnodus,rlpBe3r7C,
esnptesr C en,. ..
.2—:
iii
k:Patiish Bonds, 5 per Cent .. - 28%
Ditto, for the Account .. - • • 2814
Litt., Three per Cent .. • • • •
Ditto, for the Account .. • • • • 3"_ '; 28%
Venezuela r.onds, 2 per Cent .. • • --
Ditto, Deferred .. • • • • •• 13%
Dividends on the fe,ove payable in London.
Dutch Two-and-a-Balt' per Cent .. ...._ ,
Ditto, for the Account
.. • • • • 59% • 59%
Ditto, 4 per Cent. Certificates•
.. 94 k % 94%
PRICES OF BUSINESS
CLOSING
RAILWAY RUBES. PAID. DONE AT
PRICES.
ONE O'CLOCK.
Aberdeen .. .. .. • • .. .. 10 .... 10% ... .
Amber., Notting., Boston and
Eastern Junction .. • • • • 21i •• • • 2% .........,
:: .: -1-21,4:: :: :: .• : —122:
Bristolitto
NalealwET cr.. .... .... .... 72
Buckinghamshire •- .. • . .. 425. .•••toP•• • • • , • " • % p
Caledonian .. .. • • • • •. 10 .... 14% %
........ 14% Ditto Half Shares
Chester and Holyhead .. . • • . 20 2 . 214
Direct Northern ••••• • • • 2% .... 2 1%........ 1%
Dub:in and Galway • • • • 4 ....
....
.....
Eastern Counties . • • • 141. 16s.
.... 22U 22x .1.. 223 y xsd
Ditto New .. .. • • 8/. 16s. .. • • 714, p ........ 7% p
Do. Perpet., 5 per Cent. No. 1.6/ 13s. 4d. %p • • ...... % P
East Lincolnshire .. .. • • . 1% .... 2!i ......... 2,
Edinburgh and Glasgow .. .. 50 .... 77
Ditto % Shares .. .. - .. 5 .... 16 .... ...... 16
Edinburgh and Perth .. .. 3 ..., 334 .
....... ,
Goole, Doncast., and ,lieflield,&c. 425. .... 1% li p..
.. 11
Gtand Union (Nottingh. & Lynn) 1%.... 1%..........
Great IV, estern .. .. .. 85 .• ..168
DUO Half'Vaireo .. ..
_.. 60 .... 83 , .
..

Ditto, Quarter Shares .. 5 .... 1”/ 19%
Guildford, Fareham, & Portsmoth 5 51,4
Hull and Selby • • • • • •• 50 • • ..106 .......... 106
Ditto, Half Shares .. • • • • 7 27
Lancaster and Carlisle .. 25 .... 57 56% ...... 56%
Ditto, New . • • • • • • • 5 12 .......... 12
Leicester and Bedford 225. ......... %
Liverpool and Leeds Direct .. 1% . • .... . 1%
Liverp., Manch., & New. Janet. 2,4•• 3m m
. .
.......
London an • Birmingham
Ditto Fifths .. • • • • • • 2 26
London and Biackwail 161. 13s. 4d. ..........
Ditto, Extension • • • • 3 ......... 3
London nd Brighton . • • • • • 50 69 . •
• .. 69
Ditte,'Consol. Eighths • • • • 40 .... 52 ..........
Ditto ditto Fifths .. • • •• 20 •• • 30% 301;
London and Croydon .. 131. 15s. 9d. 22% •22172
fond., Cbelt., Oxf., Glouc., &C• %
London and SouthLWesteni.. 411. Gs. 10d. 78M 79%
Ditto, New • • • • • • • • 7% .... 18 . lB
London and York .. • • • • • • 2')l .... 414%
London, Warwick, & Kiddermins. 2% 2
London, Salisbury, and Yeovil .. 2% 2%
Lynn and Ely • • • • • • • • 5 .......... G
Ditto, Fifths . • • • • • • • 1 —.123¢ 13........ 13
Ditto Extension • . • • • • 42s .... 44
p........
78% p
Manchester and Birmingham .. 40 .... 78M 78 7814 ..
Ditto, Quarter Shares .. .. 4
•12
Ditto, New Quarter Shares .. 2
.... 10
Do. Cont. and Welsh Junction 1 % 136 .
Manchester and Southampton .. 2 .... 2%14
Midland .. •• •• •• •• ••100 .. 151152151%exd 15114 xd

Ditta, New • • • • • • •• 12 29
Ditto, Birmingham and Derby 100 —.121 .......... 121
Newcastle 'and Darlington Junct. 25 .... 46 47 ca 11.... 47 exalt
Ditto, New • • • • • • • • 1 11 11
Ditto, New, Brandling 28 •... 40 . 40
Newcastle and Berwick .. 10 .... 221 A 22 ...... 22%
Newark, Sheffield, and Boston .. 2%,,,,
North British .. • • • • • • • • 17% ........
Ditto, Half Shares .. ..
7 IA
Ditto, Carlisle Extension .. 3 .
Northern and Eastern • • .. 50 „
Ditto, New • • • • • • • • 1 .... 19 .......... 19
North Kent and Direct Dover .. 2%.... zfis _
3 3
North Staffordshire • • • • • • 425. 31;41,4 „ •3% p
North Wales • • • • • • • • • • 334., „ -3%
Norwich and Brandon .. • • • 18 26 263 i
Ditto, Nev • • • • • • • • 3 „. „ 714 347
Oxfd.,Worcester, & Wolvcrhmptn. 12IA IBC
1514
Perth and Inverness • • • • .. 2 _% 1.34
Portsmouth Direct • • • • .. 4%~
Scottish Central • • • • • • .. 7%
Ditto New ,• • • • • • • • • 2% •• • • 8% 91,4 ...... 91A
Scottish Midland . • • • • • .. 5 G
6
Shrewsbury and Birmingham .. 2y,....
33
Shropshire Union • • • • • • • . 421. %
South Midland • • • • ••• • • 425. ... • 2% %
South Staffordshire Junction .. 2% _ 3
Do., New (do. 151.) . • No. 4. 21A ... • 3%14 ••• • • • 3%
&.Du.b..
21
Trent Valley • • • • • • • • • • 5 21%%. 21%
idland
Solu)toh. ENaeswt e r(nd
o and3oD.o) v o.r. ..3. 3103% 3182%. .
3. .
31L
Vale of ',Tenth ........2
W.waeltseiliti3l
Wilts, Somerset, and Weymouth 2% •......
Yarmouth and Norwich 20 .... 28% 23
York and Lancaster • • • • • • 2% .... 1%.........•
York sad North Midland • • 50
Ditto, Scarborough Branch .. 25 50
Ditto, Extension • • .. .. 15 .... 34% 31
FOREIGN RAILWAYS.
Bord., Toul., & Cette (Mackenzie) 2 .... .......
Ditto, ditto (Espelete) .. 2
Dutch Rhenish .. • • . • 5
East Indian' .. 58. •
Grt. North. of France Constituted 5 .... 1534 •••• • • • . 15%
Great Western Canada, 31
Luxembourg .. 4 .... 234 ••••• • • • .. 2%
Paris and Orleans .. 20 .... 49 ••••• • • • • • 49
Paris and Rouen .. 20 .... 38%xd.. 38% ex div
West Flanders .. 4 •• • • 5 ••• • • ..... 5

- ..........
••• 7%N• .....

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