The Sun.
London, England, 1846-08-10 00:00:00

DUBLIN AND ENN

RAILWAY.
A meeting 'a the shareholders in the
killen Company took place on Saturda-
for the purposes of determining wheth,
take advantage of the powers of an
titled the Railways Dissolution Act.
The chair was taken by Sir tohn ctinpbell.
The SECRETARY having red the advertisement convening
the meeting, scrutineers were appointed.
The report stated that it would be useless to .persevere
with the undertaking, although the line was essentially a
good one, in consequence of the altered state of the money-
market, and in consequence of the Company having lost
their Bill in Parliament on purely technical grounds. The
directors had expended the funds of the Company in a most
economical manner, and they were now able to come:before
the shareholders, and to make a return of 4/. out of every 51.
paid on the deposits.
The utmost unanimity prevailed at the meeting, and it
was resolved that the Company should dissolve, and that its
dissolution should not be taken as an act of bankruptcy.
The meeting then adjourned.

PETERBOROUGH AND, NOTTING

HAM RAILWAY.

An adjourned meeting of the shareholders in this under-
taking from Monday last, to consider of and determine on, a
dissolution of the Company, was held on Saturday at the
London Tavern, at one o'clock.
Lord T. P. CLINTON took the chair, and called on the Se-
cretary to read the minutes of that meeting.
The SECRSTARY then read a statement of the accounts,
which gave the gross receipts at 17,3871., and expenditure,
12,6461., leaving a balance of 4,7411., to which is to be added
securities on bills, 1,8621., and about 4,000/. deposits still un-
paid and expected. The whole divisible surplus will be
about 10,0004, being about 1/. 2s. a share to be returned.
Mr. FRIPP wished to know whether the directors had ceased
the expenditure as soon as the failure of the Company was
seen ?

Mr. GRIDLEY, solicitor to the Company, said that it was
about the end of January when the directors found that
the Company was in difficulties, through allottees not
paying upon their shares. In November the plans
were deposited, and between that and December the
notices were served. Everything was done up to the
time when the deposit ought to have been paid into the
accountant-general, preliminary to the Company going before
Parliament ; and In consequence of that alone the directors
had been able to resist successfully an action which had
been raised at Lincoln by a shareholder, on the ground that
they had failed in their part of the contract. The directors, in •
deed, had spent their own money in order to put the
undertaking in a position to go before Parliament, and thus
secure the interests of the shareholders, and they were in
hopes up to the last moment of being le to amalgamate
with another company.
Mr. FRIPP said he was perfectly satisfied with the honour-
able way in which the directors had acted.
The motion for dissolution made at the last meeting was
again put before those present, and the voting was proceeded
with.
The CHAIRMAN then declared the votes to be to-day 715
in favour of dissolution without bankruptcy. The number
of votes recorded at the former meeting was 1,830, all in
favour of dissolution, 30 for a dissolution with bankruptcy,
being altogether 420 votes more than were required by the
Act of Parliament.

A vote of thanks to the Chairman and the Committee of
Management was then passed unanimously, and the meeting
adjourned.

RAILWAY RETURNS.

RAILWAY TRAFFIC.—The following are the Total Receipts of Rail-
ways for the past week—that is to say, up to the date to which the
respective returns are made, together with the receipts of the same
week In the previous year:—

Week
ending

Last
week.

g. , 4 .
El ri.
, A '