The Sun.
London, England, 1846-10-30 00:00:00

ISLE OF JERSEY RAILWAY AI°TD

PIER COMPANY.
A special general meeting of the shareholders of this
company took place yesterday, at the London Tavc rn, for
the purpose of receiving the report of the directors, and
to consider the propriety of proceeding with or abandon-
ing the undertaking.

The Right lion. G. R. DAWSON took the chair
shortly after one o'clock; upon doing which, he stated
that the company was a peculiar one; it did not come
under the provisions of any Act of Parliament, and
it would be a dead letter till it received the
fiat of the States of Jersey. The company
had been formed about the present time last year. Pro-
spectuses were published and subscriptions received.
Upon the completion of the preliminary business it
then became the duty of the directors to proceed in the
usual course to bring the matter before the authorities
of the country. The company had been obliged to con-
sult two important departments of the Government—.
the Ordnance and the Admiralty; they had been
obliged to consult the Ordnance D,partment because it
was proposed to carry the line through a large portion
of land belonging to that department, and it became ne-
cessary to consult the Admiralty in order to enable them
to build their harbour and pier. Surveys and valuations
had been made, plans had been drawn out, and as much
expedition as possible had been used. Some delay,
however, had taken place in consequence of the difficulty
of obtaining engineers, Mr. Walker, who had been first
appointed, declining to act, thinking it not consistent
with his duty as engineer to the Admiralty. Ulti-
mately, however, Messrs. Sherrard and Hall were em-
ployed. Those gentlemen made their report in
February last ; and upon the receipt of that report
the directors put themselves in communication with
the Ordnance Department, and he was sorry to
say the result of that communication was unfavourable
to the undertaking. Reference had also been made to
the Board of Admiralty, and to that reference the direc-
tors had not received any answer. A chang,e in the
Government having taken place, it was thought, per-
haps, that the new Board of Ordnance would take a dif •
fereut view of the question; another reference was made
to the new Board of Ordnance, to which an answer was
returned on the 14th of the present month, which was
equally unfavourable to the undertaking, the new Board
stating that they were of the same opinion as their pre-
decessors; no ans wer had been received from the new Board
of Admiralty. Now, until the objections of the Ordnance
and the Admiralty were got over it was utterly impos-
sible to proceed to refer the matter to the States of
Jersey. Their directors had done all they could to
bring this undertaking to a favourable issue, and they
had nothing more to do then than to ask the opinion of
the proprietors as to the propriety of dissolving the
company.

The
ECRETARY then read the report of the directors,
which stated that the receipts were 9,7251, and the
disbursements 3,6481., with a probability of 5001. more'
and recommended that the company should be dis-
solved, a return made to the shareholders of 10s. (20s
having been paid) a share immediately, and a final divi-
dend paid when the directors were able to do so.
Upon the question of the adoption of the report a
long and somewhat angry discussion took place with re-
spect to the bills of the solicitors, the insertion, as it w: s
said by the directors of an advertisement in the Times
newspaper to puff up the shares, and the great expense
that had been incurred in the initiatory proceedings of a
line that was only 101 miles in length, which ended in
the adoption of the following resolutions :
" That the report of the directors be approved and
confirmed.

" That the directors be enabled to take such measures
as may be necessary for the immediate dissolution of the
company.
" That the meeting approve and confirm the proposal
of returning immediately the sum of los. per share, and
such further sum as the directors may be enabled to
make, as soon as all the claims upon the company shall
be examined and discharged."
Thanks were then voted to the chairman, and the
meeting separated.

BIRMINGHAM AND OXFORD
RAILWAY.
Fellow-Shareholders,—Our property is in peril
On Friday an attempt will be made to amalgamate our
undertaking with the Dudley line. Beware of
consenting to it. I doubt not the directors, deeply in
terested as they individually are, will be provided
with proxies to carry the union, unless a determined
stand is made. If it is consummated we shall be
placed entirely in the power of the Great Western. The
London and Birmingham Company ire, I am told on
authority, ready to guarantee us nine per cent. If united
to the Dudley line, they cease to feel an interest in offer-
ing any terms. Pause, then, at least until you know
whether the Great Western will give us a better offer.
No danger can arise from delay. Once allied, our power
of negotiation is gone. Let us adjourn the decision.
London, Oct. 28. A PROPRIETOR.