The Sun.
London, England, 1846-08-28 00:00:00

ine of the line would save one day's post between Derry
lild Dublin, and otherwise produce changes of great
ai i lord
mportance, with every prospect of a fair return to
the shareholders, on which point the directors had not
difficult occasion to change their opinion. Anticipating the
Clines y which was now generally fe;t in procuring en-
they have ordered sufficient to open the line ;
carriages and trucks also would be ready to meet the
Public wants, 33 soon as the funds at their dis-
posal were adequate to meet the current liabilities.
The
.Act of Parliament for the alteration of the line had
S n obtained. Eight miles of the permanent way of the
trabane line had been laid : and the remainder of that
Portion of the line was in such a forward state as only to
require the co-operation of the shareholders to ensure its
orng opened for traffic at an early day. The members
_the deputation who visited the works wee much gra,-
X_ed at being enabled to satisfy themselvesr, -by personal
Lo'ervation, of the increasing commercial importance of
ladonderry, and the general character of its imports and
"Ports. According to the Central Railway Act, four of
Your directors and one of your auditors go out of office
by rotation. The four gentlemen who leave the direction
%ea Philip Hanbury, John Leathern, George Tyrrell,
Ik' Daniel Warren, Esqs., and the auditor, John
'Heft Es-.
a They are all eligible, and offer them-
;elves for re-election. It is gratifying, continued the
eePert, to be able to refer to a palpable benefit already
vonferred upon the locality by the construction of these
Orks ; and the more so as it gives reasonable
Tat of increasing prosperity and happiness
the „nd• At the recent spring assizes at Londonderry,to
the rresiaing judge, referring to the light character of
calendar, stated his conviction that the same was
eq,'"elY attributable to the labour provided by the rail-
strls ha progress, notwithstanding so large a number of
theenigers had been attracted to, and were employed in,
t ormation of the works; and with this and similar
estunon
railY to the benefit which Ireland derives from her
„Ys, it is surely not unreasonable to. expect that
,or majesty's Government will see the policy of doing
pstaesit_hbag to redeem those enterprises. from the de-
nio urt under which, from various causes, they all,
re or less, are labouring. The accounts were made
iilP to the
31st July, 1846, but since that period they
had received calls amounting to 8,1101.
A report from the engineers, Messrs. Stephenson and
lia(),,'t Was read, which stated that the works, as far as they
li-,„'en executed, were highly creditable to the com-
s:-.J and the contractor ; and that it was a matter of
g-crit'as regret to them that inability to meet the certi-
ofStti!s for works executed had delayed the completion
contract, which, but for such impediments, could
Live
cotuarell now completed. They expected that
_the
bee r "len of the works to Strabane would take place
of ere the the end of the year, if not sooner. That portionke
•
, line, not only promised much traffic, but, from
frog in of the Dublin mails, as now arranged,
th dig in Derry, the opening of this Eno would hasten
tenkails sufficiently to enable the merchants of Derry
beZnawer their letters the same day ; in fact, bring
pa -Y °tie day nearer to Dublin and London, for all
tees of commerce.
,1 balance sheet set forth the receipts at 73,3831.
~.."‘4; the expenditure, 67,211/. 12s. 5d.; balance at,
re,,11"1.a, 61714 15s. Id. Receipts since last half-yearly
NZeon, 29,3811.45. sd. • expenditure, ditto, 30,209/. 3s. 2d.
" CaanimAN sai he had very little to remaik upon
IvilAresPe,lt to the affairs of the company, as the report
ex they had heard read entered so fully into detail,
t° express his regret and the regret of those with
Wer°4l
be acted at the tone of complaint which they
rae,;te°,,tnpelled to manifest with regard to the non-pay-
to th °` call& It was a source of great disappointment
e directors that the line had not yet been opened as
ealia3 Strabane, which, but for the non-payment of those
,would have been opened at the end of this month.
peijnad now, in his opinion, obtained a very valuable pro•
Op,r3ir' and it would be their own fault if it was not
tier from end to end early in the ensuing year.
the r' Sittalama inquired if a list had been made out of
7,shharetiolders who had not paid their calls ?
It w ,CllA.inmAN said such a list had been made out ;
4'4:44 be necessary to ask the shareholders how the
Nolli
gs or e-titlers should act with respect to those defaulters,
er
nit would be advisable to resort to legal proceed-
ot
Six. •
heard • 11. CAMPBELL said he was applied to by the
ex
anon
to superintend the making out of the list and to
41011..1,11e into its accuracy. It would not be well, he
dig haut, to produce the list publicly, but the shareholders
lK inspect it at the secretary's office.
klyt;:rarloßtas (deputy-chairman of the Chester and
t° CCimpany) thought it would not be advisable
th'/-noe theist, as their condition as a company might
liebY deteriorated.'
4bseeh IREeroa said that, probably, if the defaulting
ah._e olders knew that the calls were limited to 151. per
pr, and the traffic on the line would yield them 5/.
Itre4t., they would be induced to pay up at once.
SAINNER wished to know if his impression was
Strabet that the line was not to be carried further than
Thane without the consent of the shareholders ?
cest,ee, Cue zataart said the impression was perfectly
ehoultc• When the line was completed to Strabane they
is call the shareholders together and say, " There
4,et ?()Perty created for you, will you go further or
the a, The amended Act of this session did not alter
eaust of capital, it was merely an Act to alter the
kr. -V the line.
'en mil 4NDEPLIT recommended the carrying of the line
tip I`3 beyond Strabane, to Newton Stewart.
'iraTsces inquired if the line was fifteen Irish or
1511 sh miles in length ?
The SECRETARY said English miles. All Irish rail-
'TS were measured in English miles.
Mr. WATSON said he had recently been in Derry, and
having made several inquiries respecting the line, he
found that the traflice between that town and Strabane
Iv; as so considerable as to entitle it to the appellation of
ts " spiciest" portion. They would, he believed, have
a° much traffic on the fifteen miles that they would be
encouraged to extend it.
Ylie CHAIRMAN
stated, in reply to a question, that
Wt
amount of unpaid calls, in addition to the 121. paid,
as upwards of 30,000/.
ekr. WATSON said it might be some satisfaction to the
pun4relsolders to know that the agricultural traffic was as
°'3.11:11, if not better, in winter than in summer.
b Suit REHOLDER inquired if more than the 15/. would
the:_,eq. aired for completing the line, and, if not, whether
theirclrtors intended to call upon those who had paid
eaiThe 5/ to pay an additional amount ?
_,.Cuantaiast said a meeting would have to be
4,i47 to determine the matter ; and if there was a de-
Sir'tatthey must help the directors to get rid of it.
the, J• CAMPBELL said a circular had been seat to
kid! shareholders who had not paid up all their calls,
kthat the replies which they had sent were couched
atatftetfiendly spirit, some saying that they would pay at
'tie, a Periods, others that it was their intention to do
1%11114 Promising to fulfil the wishes of the directors as
iti2.B as Possible. The probability was, if legal proceed-
gale were adopted, that they would rather lose than
of Va lat. would be well to leave the matter in the hands
thsereCilrectors, in order that they might exercise their
TheTll as to the best mode of obtaining the money.
et lints s'ltAlltataN said, since the making tip of the ac-
-1
1 1(187/'I'CIC/1. of the first calls, 1,7251. of the second,
alak• 'OB. of the third, and 3,9851. had been received,
11113 g altogether 8,110/.
report was then read and adopted.
tectorosolution was next passed empowering the di-
es nine: t 0 adopt such course for recovering the arrears
clue Y night think fit, and as might be most condu-
ease:e the interests of the Company in each particular
aeezi: retiring directors were then re. elected, a vote of
raie:.Peased to te chairman and directors for their
and the meeting separated.
UTK YORKSHIRE COAL, AND
4 I,`-TuOLE AND DONCASTER RAILWAY.
11ncle-eLeting of the shareholders in this amalgamated
.";rho"ig was held yesterday at the London Tavern,
ort„l,sgate street, for the purpose of receiving the re-
ill the directors as to their success in obtaining their
erob,4,,ling the present session. The meeting was nu-
bs ec'Y attended, and the chair taken at one o'clock
Ta-ltrles Thompson, Esq.
•th, 'e solicitor having read the advertisement, by which
111111,,,e,eling had been convened,
to„'",v-ilainalax said—Gentlemen, owing to the absencet
1 .4 Wh • rife and Lord Fitzwilliarn, thehdur yodiee
kci ve, DC 1
gitS hIIPOn me of presiding to-day. Lord W a n ff
Prev"ful ,„een taken ill with a severe attack of the gout, which
nts
his attendance. We have not been so success-
atbt
the e expected in the last session of Parliament, u
Prose Same time we have cleared the road for future
aite,-,e;miugs. We have been placed in a very painful
llife-p"", owing to the delays that have arisen in the
our-nent Committees in which we have bad to defend
Whieil'ae from no less than nine competing lines, of
With I think, seven have been completely defeated, and
the one we have made arrangements to take half
°
Inv i.lle from the Sheffield Grange to Barnsley,
.6. a capital of about 450,0001., which will
1)04 diet
among the shareholders of the Goole and
Pasieo4ter and South Yorkshire Amalgamated Com-
ken 8,1, One share for every five, provided those gentle-
%hare wlsh to take them, and if they decline to take the
the .ws, We have companies and persons ready to take up
tape uole of the shares that may be so refused. The
l'eetiikrisea attending the Parliamentary proceedings have
much greater than we anticipated at our last meet-
" .54• said then that'we supposed that they would
7s. on every share.
The-',AREIIOLDER-23. 6d., or ss.
that ii,,,NJAIRMAN—Very well, 2s. Gd., or ss. Since
eXPen,,,"'e we have been put to various heavy
b k'obses the House of Commons and the
to al, of Lords, which have run up the expenses
tlepos,out
, per share. The remainder of the
al„ &lift:an:4'lli be returned to those parties that shall
'l,..eateisi,""etr assent to take some of the Goole and Don-
th—E'ree at 31s. ; the South Yorkshire shares at 30s.
Pally °se persons that wish to withdraw from the Com-
teru and Send their scrip naav have the whole of the
alnder of
Lest ttr) their deposit's pa-id at the bank.—(Hear,
th "it as our position is now perhaps-one of_ the
Were • e Kingdom I may safely say that where there
Aceoulanttne lines and nine capitals deposited with the
vdsli ant-General for this very ground that we
avVC i;'e occupy Id be suicide on the part of
, 1 WOU
tia,rilolders in these lines to take their money back.
°Ur e new almost a prospect of certainty of obtaining
pevea3,-I:B,in the next year. We have the assistance of
rthe2ll2;_ewner on the line, and I believe, were it not
41:4) of "!'n of the tolls which Parliament levies on any
raalwa
e report Y, those landed proprietors would make the
*lli their
1, read th
_ on. e repo,propty.( sat Mr. Baxter
which. I hope will be isfactory to
kr. g
rnt aecordingly read the directors' report,
history of their labours during the pre-
„elders ur e, and concluded by recommending the share-
Zest and
the scheme, as they entertained the
R aliOn nguille hopes of obtaining the line in the ensuing
4•1115 recommendation was received with loud
°;l4 Q tie
uau
3 Dagui then said--Gentlemen, it ap-