The Sun.
London, England, 1846-09-29 00:00:00

the good cause they would be triumphant.—(Cries of
" We will.")
The Hall was then adjourned till to-morrow morning
at nine o'clock.

- - ---
VALE OF NEATH RAILWAY.
(THIS DAY.)
The first ordinary meeting of the proprie' ors of this
company was held to-day at the company's ( ffices, 449,
West Strand, Viscount Villiers, M.P. (chairman), in
the chair.
The CHAIRMAN said that this railway would extend
from Neath to Merthyr Tydvil, and passed through a
country remarkable for its richness, which
it would connect with Merthyr. They would require to
be vested with authority to made additional purchases
in the Collieries, as well as in other places.—(Hear.)
The sum which would be required, including everything,
was somewhere under 17,0001. He took the maximum.
—(Hear, hear.) The/ would submit to the meeting,
according to Act of Parliament, the resolutions that
would be necessary for the appointment of the se-
cretary and of the other officials. It was the
intention of the directors to proceed immediately
with the works. They would have a meeting to-
morrow, when they would determine on what part of
the line they would commence their operations, and
they would be enabled to open the line before next year.
The SECRETARY then read the report, which recom-
mended that Mr. Frederick Saunders be re-elected as
secretary. It further stated that, owing to the shortness
of time that had elapsed since the Act of Incorporation
was obtained, they had not been able to ascertain
with accuracy the expenses incurred up to that time. In
conclusion, it stated that an agreement had been entered
into with the South Wales Company for the purpose of
securing the construction of a branch to the port of
Neath.
The report was adopted, and ordered to be printed
and circulated among the shareholders.
The CHAIRMAN, in reply to some questions, stated
that 21,110 shares had been registered, and that some
had been reserved for the Great Western Railway Com-
pany. The number of unregistered shares was 5,980.
The Chaiman and the other directors were re-elected.

A sum of 1,0001. was then voted to the directors ; and
the re-appointment of the various officials, together with
their salaries, having been determined, thanks were
voted to the Chairman, and the meeting then separated.

LARNE, BELFAST, AND BALLY-

MENA RAILWAY.—(THIS DAY.)
A meeting of the Scripholders of this company was
held to• day, at twelve o'clock, at the London Tavern, to
consider on the dissolution of the company under Lord
Dalhousie's Act. Mr. Spottiswood occupied the chair.
Messrs. Thos. M`Quig, James Watt, and James
Brydon were then appointed scrutineers.
The CHAIRMAN then moved that this company be
forthwith dissolved, and put the question. He then
moved that this dissolution be not an act of bankruptcy,
and put this question to the meeting.
A PROPRIETOR wished to know whether the directors
present represented scrip.
The CHAIRMAN—Of course they do.
Mr. COHEN asked whether the 3,5001. applied by the
directors in the purchase of shares had been paid into
the assets of the company ?
The CHAIRMAN—Of course not. It was a purchase
for the company.
The scrutineers then reported that 505 had voted for
dissolution and 25 against it ; that 320 voted against its
being an act of bankruptcy, and 60 for it,125 being neuter.
Mr. M'QuIG said it was neessary for the Chairman
to produce his scrip, though he could not vote ; but
having understood, as a scrutineer, that the Chairman
had, by inadvertancy, left his scrip at home, he.believed
no one would doubt the Chairman having scrip, and
moved, therefore, that he be continued in the chair.
This was put and carried.
The CHAIRMAN then said he was happy to tell the
shareholders, that since he last met them the surplus
funds were in a better condition, that instead of 7s. 6d.
a share he expected there would be 10s., unless some
expenses were created to the Company of which they
had no anticipation.
A PROPRIETOR could not understand how the direc-
tors could have spent 325. a share.
The CHAIRMAN—In obtaining their Act of Parlia-
ment.

Mr. BURCHILE said, in the case of this company the
Act may be said to have been obtained, for they had
gone through all the trouble and expenses necessasy ;
they had gone through the Lords, and they were ad-
vanced in the Commons as far as the third reading.
Mr. COHEN—The North Staffordshire, which sus-
tained a contest for nearly two years, had only con-
tracted 16s. expenses per share.
Mr. BURCIIILL said that Mr. Cohen would recollect
that in the case of the North Staffordshire there was a
large capital, whereas ih this company the capital was
but small, and the expenses and fees of the House were
the same, or nearly so, in both instances.
Mr. COHEN.-1 here is 8001. put down by the directors
for travelling expenses, and yet in the North Stafford-
shire they were no more than 4001., a line as long again
as this one. _ _ _

Mr. BuncHlLL—The travelling is to Ireland in the
one case and nut in the other.

Mr. MOBLEY said that when first this company was
brought before the public he had become one of ti e
board. After sitting there for a time he fet
it necessary to withdraw. He found, however, that he
could not retire his interest so easily as his per-
al from the company, and therefore to protect,
that he begged his friends again to have him elected.
If there had been any improper conduct in this
company, he was ready to go into a court c f bank-
ruptcy with the shareholders, or he would go with
them into the Court of Chancery; or, which he thought
the better advice, he would be happy to co-operate with one
or two gentlemen from among the shareholders assembled,
on a committee to investigate the accounts of the com
pany before next meeting. He believed he was still
legally liable for all that had been done by the directors
in his absence, and he was ready to meet his liabilities
and to investigate the charges. There were thirteen or
fourteen directors at first, and here were only three to
answer for their conduct.

Mr. COHEN was most happy to hear the suggestion
last made, and gave it his decided support.
After an altercation of a somewhat personal character
between Mr. Cohen and the Chairman, Messrs. M'Quig
and Cohen were deputed on the part of the shareholders
to confer with the directors on the affairs of the com-
pany, and to report at next meeting.
The CHAIRMAN adjourned the meeting to the 6th
October next, at two o'clock.

SALES OF RAILWAY SHARES BN
AUCTION.—(THIS DAY.)
The sale of railway shares to day, at Messrs. Larnond
and Co.'s, was rather flat, and prices were much the
same. The following are a few of the principal sales:—
East Indian ...
Madras, Nellore, and Arcot 0 5 6
Great Western of Bengal 0 6 6
Boston, Stamford, and Birmingham
Manchester and Southampton
Vale of Neath 0 18 0
Cornwall and Devon Central
Reading and Reigate ... 0 16 0
Leicester and Bedford
London and York ... 1 19 6
London and Blackwall ... 9 3 0
•
Goole and Doncaster 1 8 0
Trent Valley, Midland, and Grand Janet 2 7 0
Gr and Union
Windsor, Slough, & Staines Atmospheric 1 5 0
C Icutta and St. George's Point 0 4 6
Worcester, Warwick, and Rugby ... 0 14 0

COURSE OF EXCH
Amsterdam ......C.F. 12 8

GE.-(THIS DAY).
Gibraltar.. • • ...... • • ..
Leghorn 30 60
Genoa ...... ........ 26 15
Milan ..
Venice
Naples ..... •- 39%
Palermo, per oz . II9X
Lisbon.... • • .......... 52
Oporto • . • • . • • • • • . • • A 2
ltio Janeiro ..........24•1i
Bahia ................
Buenos Ayres ........
New York, 21 days' sight
Philadelphia .
FIICES OF BULLION, PLR OZ.
Foreign Gold in bars.. £3 17 9
Portugal Gold Coin .. 3 17
New Doubloons ...... 0 0 0
New Dollars • • .. • • • • 0 4 934
Silver in bars . 0 4 11%

Ditto, at sight ...... 12 514
Rotterdam .... • • 2U. 12 11%
Antwerp .• ............ 26 15
Harnburgh • M.B. 13 14
Altona . • • • • • • • • • • • •
Paris, 3 days' sight .. 28 85
Ditto, 3 months 26 10
Marseilles •••• • • • .. 26 15
80urdeaux......... .. 26 15
Frankfort on Maine.... 122 k
Petersburgh, 3 U 5.... • •
Berlin
Vienna, effec.flo • • • • 10 11
Trieste, ditto.... • • .... 10 11
Madrid ••.. • • ........ 3.5%
Cadiz • • •.. : ........ 361(
Barcelona • • • • .... • • .•

MARKET INTELLIGENCE.

---------
(From the London New Price Current of September 29.)
SuaAß.—To-day the quantity of home-trade Sugar brought
to public sale was extensive, and prices were not so firm. In
West India a good business was transacted in bright yellow
qualities, but merchants were in some cases compelled to
lower their prices 6d per cwt; the rates taken exhibit a fall
on those of Friday of 6d to is per cwt, and holders of such were
evidently inclined to realise, owing to the increasing supplies.
REFINED.—To-day Refined sugar met with less attention
from the home trade, but owing to the small supply brown
lamps could not be obtained under 635, and standard lumi s
655. per cwt. In Bonded Crushed Sugar a good business
was transacted but at prices varying from 33s to 33s 6d for
first quality.
MAURITLES.—This afternoon Mauritius Sugar met with
less attention, and 2,123 bags at auction were sold at rather
lower prices.
EAST INDIA.—This afternoon the public sales of Bengal
Sugar consisted of 3,647 bags, the superior grainy sorts went
at stiff rates, but white and other kinds went 6d per cwt
lower.
FOREIGN.—This afternoon two parcels of Manilla Sugar,
amounting to 10,783 bags, were offered at auction, and nearly
all sold, but at a fall in the value of 6d per cwt. 702 chests
of Havannah sold at full rates. 50 cases of Bahia were taken
in at 43s for ordinary brown.
COFFEE.—This afternoon several purchases were made
privately in native Ceylon, and it was difficult to buy good
ordinary under 40s per cwt. Plantation is little wanted,
340 bags were offered at auction and nearly all taken in at
55s 6d for fine ordinary coloury, being barely the former
value, the 33 bags pea berry however sold at 65s 6d per
cwt. The coloury kinds of Foreign are still wanted, but
common sorts are dull of sale.
TEA.—Holders of Congou are reluctant to further reduce
their prices, and the trade have operated with more freedom,
still they are not inclined to take more than their present
wants require : a fair business has been transacted, but
holders have been compelled to accept 8d to Bid for
common, and 9d for good common, cash. There is a
fair quantity on offer, particularly of the better qua-
lities. Pouchong has been in good demand, and owing to
the falling off in the supply prices have slightly improved.
Souchong has been sold to a fair extent at previous mode-
rate rates. The market for Green has a dull appearance,
the quantity on offer is large of all qualities, and prices are
lowering. °At auction, Congou out of condition, of which
the chief part consisted, went at 8d to 9d. Imperial of good
sound quality, Hy-son kind, only brought 2s Id, and good
brightish leaf Twankay is 2d per lb.
SPICES.—The demand has improved for Nutmegs, and an
advance in the value of Id to 2d per lb has taken place. In
Mace more business has been transacted, and at somewhat
better prices. Jamaica Ginger has not further improved in
value, but at previous rates a good business has been trans-
./4A AO 029 Peckitgel at avictien were all gold. Ent