The Sun.
London, England, 1846-06-04 00:00:00

sent be entertained, and a conversation ensued as to the
value of the stock; but nothing ensued that the effect of
the change would be on the value of the bonds.

Mr. WIRING protested against any supposition that
they were come there to fight a battle, but to entertain
the recommendation of the Committe, and to do justice
to all parties, whether they be Active or Deferred Bond-
holders. Had not the news of the war arrived, he
should have voted for the resolution, but as no evil
could arise from delaying the advices to Mexico, until
after the 19th, when they would obtain direct informa-
tion from Mexico, and be in possession also from the
United Stotes, he thought it would be better to wait
until then.
A BOND HOLDER stated that calculating the over
adtuoeckcoupons
be
to ft
hteh er
aatcet iovfeldlesbl.t:
ahoedfoounntdh
ethe
fvearltueedo
debthet
921. 10s., the proportionate value then would be for the
former 901., and for the latter 72/. If the meeting as-
sented to this proposition, they would be making a sa-
crifice of the large sum of 2,139,765/., which the Mexican
Government would immediately sell again That sum in the
market, and thus the bondholders would be shorn of this
portion of their capital without obtaining any additional
security for the remainder. He would, therefore, sug-
gest that the amendment should be withdrawn, and that
for adjournment The
amendment
wasme substantively
ut bietfowreasthoepenpoeseet(iinhgy.
Mr. T. D. Poles, who expressed his opinion that the de-
lay would be of no service. In the event of the Ameri-
can war being continued, and the difficulties of the Mexi-
cali Government being increased, and their applying the
duties hypothecated to their own exigencies, and this
was the worst view of the case ; they would have the
British Ministry to insist upon the performance of their
agreement. On the other hand, by assenting to this
agreement the meeting would immediately bind the
meeting in Mexico, so that the delay would be injurious
rather than beneficial, and for that reason it should have
his opposition,

I AG:CHAIR3IAN said, that the conclusion to which the
committee had come, had only been arrived at after the
most sedulous consideration. The values of the several
stocks had been separately calculated by eight different
gentlemen, who had all agreed within a fraction. The
most contradictory opinions had been expressed on this
occasion; but it was his impression, that if they waited
until both kinds of bondholders agreed as to what would
be severally just to them, he thought Mr. Capel might
amend his terms, and move an adjournment sine die.
He really thought that the allowance of 290/. for the
Active Stock, and 601. for the Deferred Stock,
was perfectly fair. And then with respect to the
supposition, that there was no additional security,
he must contend that by the positive hypo-
thecation of the tobacco duties, and of the silver
duties, there was a clearer claim established, and one
which would justify the right of the British Minister to
require the fair and full satisfaction of the debt, either
in principal or interest. Taking the unsettled state of
Mexico, the constant change of its Government, and
the great uncertainty of the future, he did believe that
by the arrangement now proposed there would be a
great increase of the probability of the payment being
made safer. He agreed with Mr. Bowles, in the belief
that the waiting for the American packet would be
totally useless, and on the same grounds as those which
that gentleman had laid before the meeting. He firmly
believed that the meeting would give him credit for ho-
nesty.—(Cheers.) He firmly believad that no good
could arise from an adjournment, and for disagreeing
with the proposition of Mr. Murphy, and which
that gentleman might not hereafter hare it in
his power to repeat. It mattered not to him whether he
ever received one shilling either of principal or interest,
but it did matter greatly to others for whom he acted,
and he acted on public principle alone.—(Loud cheers.)
Taking credit, then, for honest intentions, he would
assert his deliberate belief that, short of absolute cer-
tainty, the arrangement now proposed was the safest
that could possibly be made.
To the question of whether the debentures given for
the over•due coupons were to be considered as of the
value specified upon them, or only worth the amount for
which they were actually given,
The CHAIRMAN replied, that three of the dividends
had been paid in cash, so that the debentures were only
worth the difference of the sum remaining unpaid.
The amendment for an adjournment fur fourteen days
was then put and lost, and the motion for approving the
recommendation of the committee, and accepting the pro-
position of the Mexican Government, was carried by an
overwhelming majority.
Thanks were then voted to the chairman and com-
mittee for their services, and the meeting separated.

TATTERSALL'S-THIS EVENING
SLY O'CLOCK.

THE EMPEROR'S VASE.
3 to 1 agst Alarm
7 to 1 agst Wulf-dog
9 to 1 agst Orlando
9 to 1 agst Jericho
10 to 1 agst Miss Sarah
13 to 1 agst Peri colt
20 to 1 agst KhOndooz.

TAW VALE RAILWAY EXTEN-
SIONS.—PECIAL MEETING (THIS DAY).
A special meeting of the scripholders, proprietors, and
shareholders of this railway took place this day, at the
London Tavern, at one o'clok, in pursuance of the Sessional
orders of both Houses of Parliament, EMANUEL COOPER,
Esq., in the chair.
The SECRETARY having read the advertisement convening
the meeting,
The CIIAIR3IAN announced that as soon as the intention of
Government was announced as requiring a meeting of the
scripholders to take place a meeting was convened in Exeter,
at which 10,370 shares were in favour of proceeding, and 1,660
against such a course, leaving an assenting majority of 8,710.
But as an irregularity had taken place in the insertion of the
advertisements they were obliged to convene the present
meeting. The Bristol and Exeter Company had agreed, as
soon as they obtained their Bill, to take the line from them at
4 per cent. upon their paid• up capital and calls, and to be
subject to an increase at the following rates per cent.
when the Bristol and Exeter received 9 per cent., 5 when
they receive 10, 6 when they receive 11, &c. The
money already paid for expenses amounted to 6,9491. 12s. 11d.,
and he believed that the total amount of expenditure, in-
cluding the present liabilities, would not exceed 10,0001., or
about 108. per share. Their money in hand was about
49,8601. The Bideford branch had been lost in the House of
Lords, and they therefore considered that they would not
require as large an amount paid up as the estimated capital,
which was 533,000/. The whole number of shares were
26,630, and those allotted amounted to 23,000 ; and out of
these 23,000 shares, 20,725 had been paid up upon.
The CHAIRMAN then put a resolution, to the effect that it
was the opinion of the meeting that the Bill should be pro-
ceeded with.
Mr. FITZPATRICK seconded the resolution.
The votes were then taken, when there appeared—
For going on
Against

Majority
The meeting then separated.

QUEEN'S BENCH —(THIS DAY.)
(Sittings in Banco.)
THE QUEEN V. THE HULL DOCK COMPANY.
This was a question which came before the Court, upon a
certiorari, to determine whether the finding of a jury, in a
case of compensationbetween the Hull Dock Company, on the
one part, and Mr. Jubb, proprietor of the Cannon Brewery, on
the other, could be maintained. It appeared that the Hull Dock
Company having obtained an Act for the formation of their
docks, required the laud on which Mr. Jubb's brewery was
situated, and the jury was empanelled to assess its value.
The jury awarded a sum of 4001. compensation for the value
of the land premises; and a further sum of 3001. for Mr.
Jubb's loss of interest in the premises, supposed to be occa-
sioned by loss ofconnexion, removal, and finding other premises.
To the finding of 400/. for the laud the dock company
took no objection ; but to the finding of 300/. for loss of
interest in business they objected, and the case came now
before the Court on appeal for its opinion. For the finding
of the jury and judgment of the Sheriff;
Mr. WATSON, Q.C., and Mr. HENDERSON were heard;
the Hull Dock Company was supported by the Solicitor-
General (why was heard) and by Mr. Martin, Q.C., whose
arguments the Court postponed the hearing of to a future
day.
The SOLICITOR-GENERAL contended that the finding of the
300/. was excessive, and that the jury was not warranted by
the Act to make such an award.

111PERIAL PARLIAMENT.

(THIS EVENING.)

HOUSE OF LORDS.
Their'Lordships met at Five o'clock.
GREAT NORTHERN RAILWAY.
The Duke of RICHMOND presented several peti-
tions from the county of Aberdeen in favour of this
undertaking.
FREE CHURCH OF SCOTLAND.
Free Church inhabitants of Paisley, praying their Lord-
ships to pass a measure to enable them to purchase sites
for the erection of churches.
Lord CAMPBELL presented eight petitions to the
same effect from different parts of Scotland.
Earl STANHOPE presented
Correa Petition, praying their
Lordships not to pass the Bill until a full inquiry
was made into the present monetarY system of the
country.
Lord CAMPBELL presented petitions from Greenock
and other towns in Scotland in favour of the Ministerial
measures.