The Sun.
London, England, 1846-01-06 00:00:00

989 16 4

35,907 16 3
35,000 0 0

22,473 13 5

E. E. £102,949 17 6
" BERESFORD, Chairman.
" C. LOCOCK WEBB, Secretary.
Grealiam Rooms, Basinghall-street,
London, sth January, 1845."
The CHAIRMAN then said, that if any gentleman had
a question to ask that was the moment to do so, and
if not then, he (the Chairman) should move the adoption
of the report, and its circulation among the shareholders
both in town and country.
Mr. COLLETT, M.P., rose to second its adoption, when
Mr. CARLISLE said, that he would ask the chairman
one question. The amount placed to account of pr--
liminary expenses was exceedingly small, as compared
with other companies of an equal extent—(Hear, hear)
—that amount being. little more than 9,000/. Might he
be allowed to ask if the balance yet due was very large?
The CHArrimAN —No, certainly not. The meeting would
perceive that 6,0001. was placed to the account of Sir John
Rennie, their engineer. That gentleman had, however,
before the terms of the amalgamation were agreed on,
sent in by desire of the Committee his account, which
amounted to some 12,800 and odd pounds. He (the
Chairman) and the Board considered this charge un-
warrantable, and demurred to pay it. Sir John Rennie
then wrote a, letter—he (the Chairman) had it then in

his possession)--desiring to be informed of the solicitor
to the Company's name, that he might commence pro-
ceedings thereon. The Directors were determined to
defend the action, and he was sure that the shareholders

would not flinch from supporting them.—(Cheers.)
The advertising expenses had been but trifling, and in
that department there were but f.tw accounts remaininc,
due. The law expenses were put down at 5701.,"
that being the amount advanced for making up the
registry-books, in accordance with the standing orders.
They had, since the terms of amalgamation had been
agreed on, stopped the serving of notices, which would
considerably abridge the expenses. The other parties
would serve them, and that Company would share the ex-
penses with them. The traffic tables might be thought
to cost a high price, but they had employed the eminent
traffic-taker, Mr. Humphrey Brown, and his services,
however high they might seem charged, were worth the
money.—(Hear, hear.) The traffic to be realised was,
he was informed by Mr. Brown, most satisfactory.—
(Ikar, hear.) The rent, salaries, &c., had all
been paid up to the latest moment, and they were aware,
from the financial statement, in what position the Com-
pany stood with regard to Exchequer-bills.
Mr. CARLISLE was exceedingly glad to hear the ex-
planation given by the Chairman. It might have ap-
peared to others as extraordinary as it did to himself,
that the expenses should have been so extremely mode-
rate, and, like himself, too, some members might have
suspected that the answer would have been far from
satisfactory. He was glad that it was not so ; he was
doubly glad that he bad put the question, for now the
meeting knew the exact position in which they stood.
Mr. BOYD (as we understood) asked what was the
position of the amalgamating Company ?
The CHAIRMAN had gone down last week into York-
shire to confer with the Board of Directors of the other
Company, and a more agreeable set of persons he had
not often met with.—(Hear.) Himself and five gentle-
men had gone down, and they had formed a
joint board for the first time, and at that board
he had the honour of being chosen chairman. He es-
teemed it not only an honour to himself to be so chosen,
but he considered it an honour also to the shareholders
of the Leeds and Carlisle Railway. -- (Cheers.) At
that meeting he asked several questions, which were as
readily answered. He found that their expenses were ex-
tremely small when it was considered what they had done;
indeed, he was of opinion that 10.0001. would cover all.—

(Hear, hear.) They were supported by a large and ex-
tensive proprietary, many of whom were in the direc-
tory. He might mention Mr. Wyvil, of Constable
Burton ; Mr. Paulett, nephew of Lord Paulett, of Bolton-
hall ; Mr. Anderson, also a great proprietor in the line,
and many gentlemen of smaller properties, who would
be equally affected. Then they had upon the provisional
committee Lord Beaumont, through whose lands the
line passed to the extent of a mile and a half ; Lord
Wharecliffe, lately Mr. Stewart Wortley, whose
property was affected to the extent of six
miles. He (the Chairman) .vas ver?:he
well
acquainted with the local advantages
140
in Yorkshire, and he did not hesitate
to say that tlihee
Yorkshire and Glasgow Union Railway Company was
in a mo- t prosperous condition, and the joint influ-
ence of th- commercial interest of London and the landed
interest of Yorkshire stood so strong before the country
as to defy all opposition.—(Cheers.)
Mr. BOYD asked what was the amount of deposit
paid up?
The CHAIRMAN said that they had paid up on 14,000
fifty-pound shares, which was about equal to 40,000
shares of the Leeds and Carlisle.
A SHAREHOLDER wished to know what number of
shares they had issued in all?
The CHAIRMAN did not know how many.
A SHAREHOLDER—Had they paid enough to bring
their scheme before Parliament?

The CHAIRMAN—Yes, quite enough. The fact was,
that the Yorkshire and Glasgow Union had registered
previous to the 10 per cent. being required by the
standing orders; and the consequence was, that they
only paid 5 per cent. on their capital; coasequently,
when they amalgamated, the Leeds and Carlisle would
only pay half of the amount which otherwise they would
be required to do, while the Yorkshire and Glasgow Union
paid the other half, or all that they had lodged. Again,
when they would require to go before the House of
Lords, the Leerls and Carlisle had their deposits ready,
and the other Company would lodge an additional 5 per
cent., which they were quite ready to do.—(Hear, hear.)
That was the reason why the scrip of the Leeds and
Carlisle was stamped.

The report was then unanimously adopted.
Mr. W. J. HARRISON moved a resolution of confi-
dence in the Directors, which being seconded by Mr.
GIDEON COLQUHOUN, was carried.

The CHAIRMAN briefly returned thanks, and promised
that the exertions of the Directors should not be slack-
ened until the Company was completely successful.
Thanks were then, on the motion of Mr. HANNING,
seconded by Mr. UNDERWOOD, given to the Chairman,
and the meeting separated.

METROPOLITAN JUNCTIONS
RAIL WAY COMPANY.
An adjourned meeting of the Shareholders of the
Metropolitan Junctions Railway Company was`held yes-
terday, at the offices of the Company, in Clement's-lane,
for the purpose of considering the result of the negotia-
tions for an amalgamation with the Northern and
Southern Connecting Company, and to determine what
steps ought to be adopted in the present position and
state of the affairs of the Company.
The meeting was called for one, and shortly after that
hour Major CROFT, the Chairman of the Board of Ma-
nagement, took the chair. He said the business of the
meeting had better be commenced by the Secretary read-
ing a resolution passed at the last meeting, directing a
letter to be written to every member of the Provisional
Committee, calling upon them to pay up their deposits
upon the shares they had applied for and had had allotted
t., them, and then the answers which had been received
to such applications.