The Sun.
London, England, 1848-08-30 00:00:00

CORNWALL RAILWAY.

The half-yearly general meeting of the shareholders
in this company was held at Truro on Saturday.
Mr. J. T. Treffery, chairman of the board of directors,
presided.
The CrLußsixsr, in opening the proceedings, re-
marked that the directors had deemed it expedient, for
the present, to suspend all works upon the line; this
step was rendered nGcessary in consequence of the diffi-
culties of obtaining money without paying an exorbitant
rate of interest, a course which the directors conceived
not to be warranted in the present condition of railway
property.
.Ir. BOND, the secretary, then read the report, which
stated that " the directors of the Great Western, Bristol
and Exeter, and South Devon Companies had withdrawn
the Bill empowering them to contribute additional capi-
tal to this company, in consequence of the depressed
state of the money market; the directors had deemed
it right to give directions for the suspension of all fur-
ther operations by the contractors for the present. The
land for seven miles and a quarter of the line had
been purchased, and satisfactory progress made in the
works which hal been under construction. Measures
were about to be adopted for the enforcement of calls
now due, and it was anticipated that the amount arising
from this source would, with the balance in hand, be
sufficient to cover outstanding liabilities. The directors,
since March last, have declined to receive the sum voted
to them. They hope shortly to prosecute the works
with renovated vigour." Appended to the report was
the balance-sheet of the company, from which it ap-
peared that the total receipts up to the present time were
193,9951., and the expenditure 173,6551., leaving a
balance in hand of 20,3401.

The CHAIRMAN, in moving the adoption of the report,
said he was to happy to inform the meetint4. that all fur-
ther opposition to the Cornwall Central Line had been
rendered unnecessary by the withdrawal of that scheme;
that opposition, however, had cost the company up to the
present time nearly 100,000/.
_
In answer to a question fronia SHAREHOLDER,
The CHAIRMAN said, that to continue to carry out
the works on the most moderate scale, it would be neces-
sary to keep an engineering and office staff almost as ex-
pensive as would be required if the works were prose-
cuted with the greatest ardour and speed ; and that
therefore it had been thought the most prudent and the
most economical course to suspend the contractors' ope-
rations altogether with one or two trifling exceptions.
The report was then adopted.
Mr. GOB would be glad to know if there were any
other liabilities beyond what might be met by the
20,000 f. in hand?
The CHAIRMAN observed that the accouats were made
Up to the 30th of June, since which period fresh
ties had been incurred; but he had no doubt that the
bd nae.ant
to
in hand and the arrears on calls would be suffi-
cient
e o_rt all liabilities.
on
Mr. NEB. 'wished to know what amount was due
Mr. BOND said, the arrears amounted to 22,0001.,
namely, on 5,534
Mr. COTMERzy
up
shares and 4,314 h If sh es
a - ar .
totheh3Oth of June?
—P to
Mr. BOND—
Mr. TWEEDY, a direentoottr,e present time.
said, the solicitor had writ-
ten to those who had
up on their shares, and
that further steps would be taken en it such a course should
be deemed expedient.
After some business of minor importance had been
transacted, a vote of thanks to the Chairman closed the
business of the meeting.

atmosphere gradually
TIIE WEATHER AND CROPS. A f
—....te
very unsettled weather, the heavy atmor some
weeks of
drew into large masses of thunder-cloud? traversing the
country in all directions, and in some places emptying
selves, it was feared, very injuriously to the crops. there_
these two days, however, they have gradually elearedlfLthin
way;
frosty nights and bright sunshine during the day have
D
suc-
ceeded,
and it is now ascertained that the damage has been
much less than was anticipated. On all hands
operations are going on briskly, and with the exception of
the potatoes very favouralle accounts are brought in both of
the quality and yield of the crops throughout North Derby.
shire. —Derbyshire Courier.
IMPORTATION OF COPPER. --- The steamer Soho,
from Antwerp, has brought some packages of copper, con-
signed to a firm of eminence in the metropolis. This is an
interesting importation from Belgium.
• it

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