The Sun.
London, England, 1848-09-02 00:00:00

Nid.17,453.] LONDON, SATURDAY EVENING

CHESTER and HOLYHEAD RAILWAY.
OPENED THROUGHOUT TO HOLYHEAD.

London to Dublin in Thirteen Hours.
The CHESTER and HOLYHEAD RAIL WAY is NOW OPEN
THROUGHOUT, with the exception of about four miles adjoining the
Idenal straits, for which the Company have provided properly-ap-
pointed Conveyances, the charge for which is included in the railway
tare.
The Admiralty's and Company's splendid Steas-packets, 670 tons,
370 korses power, run between Holyhead and Kingstown, in con-
junction witk the following Trains, performing the passage in aboat
four hours. _ _

LONDON TO DUBLIN.
1. Fronk Easton-square, London; at agaarter to Nine in the Eve-
ning, with the Irish Mails, and from Chester at a Quarter to Four
in the Morning, leaying Holyhead for Kingstown (and Dublin) at a
Quarter to Seven in the Morning, and arriving at Kingstown about
Half-past Ten, Dublin time:
2. FrontEuston-square, London, by Express Train, at Nine o'clock
in the Morning, and 'rein Chester at a Quarter to Three in the Af-
ternoon, leaving Holyhead for Kingstown at a Quarter to Six in the
Afternoon, arriving at Kingstown about a Quarter past Nine, Dublin
time.

DUBLIN TO LONDON.
I. Front Kingstown at Half-past Eight in tke Morning, Dublin
time, arriving at Ckester'it -fen minutes past Five, and in London
at Half-past Ten in the Evening.
2. The Admiralty Packet, with the Mails (rem Kingstown, at Half-
past Eleven in the Morning, reaching Hol/head shortly after Two,
the Train in cenjunction therewith leaving Holyhead at Twenty
minutes past Six, arriving at Ckester at Twenty:five minutes past
Nine in the Evening, and in London at a Quarter to Fi►e the next
Morning.
Only the Admiralty Packets and Mail Trains (as above) ran of
the Sunday.'
August i 2, 1848.

IVERPOOL, MANCHESTER, AND NEW-
CASTLE-UPON-TYNE
-■ . JUNCTION RAILWAY COll-

PANT.
At the Fifth Ordinary Half-yearly General Meeting of the Froprie-
tori of the Liverpool, Manchester, and Newcastle-upon-Tyne Junc-
tion Railway Company,. held at the Albion Hotel, in the city of Man-
chester, on MONDAY, the 28th day of August, at Two o'clock, r,m.,
pursuant to notice convening the same. •
THOMAS ROBERT WILSON FFRANCE, Esq , Chairman.
The adVertisement originally convening the meeting to be held at
Twelve o'clock ; and also the advertisement changing the hour to
Two o'clock, r.m., having been read by the Secretary,
It was moved by the Cuarasoor ; seconded by N. Yuma, Esq., and
unanimously 'resolved
That the common seal of the Company be affixed to the register of
shareholders now produced.
The.Chairmart hereupon affixed the Company's seal to the register,
and the Secretary having read the report of the Directors and the ba-
lanco-sheet,
It was moved by GEORGE LEEMAN, Esq., of York ; seconded by
CHAS. B. COnarExav, Esq., of Leeds, and unanimously resolvod,—
That it is highly desirable to reduce the expenses of the Company
to thelowest possible amount, and that the meeting therefore con-
curs in the adoption of that portion of the Directors' Report, which
recommends a reduction of expense to not exceeding 6001. per
annum. That it is also most desirable to suspend any operations in
the construction of works, or making of calls, until the came be au-
thorised by a general meeting of Shareholders.
It was moved by Mr. LEEMAN ; seconded by Mr. COURTENAY, and

unanimously resolved,—
That the Directors be requested to convene an Extraordinary Special
General Meeting, at an early day, to take into consideration the pro-
priety of returning to each Shareholder a proportionate amount per
share of paid-up capital, until required for the purposes of the Railway.
It was moved by JouN PassoN, Esq., of London ; seconded by CUSH.
GIBSON, Esq., of Manchester, and resolved,—
That such meeting be held at the London Tavern, Bishopsgate-
street, in the city of
_London, on Tuesday, the 3d day of October
next, at One o'clock, raa.; or immediately after the termination of
the adjournment of the Half•yearly Meeting.
It was moved by Mx. PAXSON, ,seconded by Mr. GIBSON, and re-

- ,
solved,— '
That the report of the Directors, together with the statement of
their accOunts, now read, be printed, and. immediately transmitted
to the proprietary; and that the meeting do now adjourn to, and
meet again for further consideration of. the Company's position, at
-the Louden Taverri, Bishopsgate-street, in the City of London, on
Tukfmay, the 3d. day of October, 1548, at twelve o'clock, at noon;
and that the half-yearly expenses be shown by schedules, explana-
tory of the details in the statement of accounts.
THOS. ROBT. WILSON FFRANCE,-Chairman.
The chairman having declared the meeting adjourned, and vacated
the chair.
It was moved by 11. TINDAL ATKINSON, Esq., of London, seconded
by Jowl IeIT,ARLANE, Esq., of Manchester, and unanimously re-
solved—
That the thanks 'a this meeting be given to the Chairman for his
able conduct in the chair.
_ C. MOORE WILSON, Secretary.

. .
.IVERPOOL, MANCHESTER, AND NEW-
.'J CASTLE-UPON-TYNE JUNCTION RAILWAY COM-

PANT.
Notice is hereby given, that in pursuance of a requisition of the
General Ordinary Half-yearly Meeting of the Proprietors of the
Liverpool, Manchester, and Newcastle-upon-Tyne Junction Railway
Company (conveyed to the Directors by the resolutions passed this
day) an Extraordinary General Meeting of the Proprietors will be
held at the London Tavern, Bishopsgate-street, iu the City of Lon-
don, on TUESDA.Y, the 3d day of October next, at One o'clock, P.m.,
or immediately • after the tertnination of the adjournment of the
Half-yearly Meeting, for the purpose of " Considering the propriety
of retarniig to each shareholder a proportionate amount per share
of paid up capital until required for the purposes of the railway."
THOS. ROBT. WILSON FFRANCE, Chairman.
C. mocatz WILSON, Secretary.
Compaisy's Offices, 78, George-street, Manchester,
Aug. 28, 1848.

T-RE AT WESTERN RAILWAY.
Ir OPENING of the WILTS, SOMERSET, and WEYMOUTH
RAILWAY from CHIPPENHAM to JIIELKIIIIAM, TROW-
BRIDGE, and WESTBURY.
Notice is hereby given,.thAt on and after. TUESDAY neat, the sth
instant, the Line from Ckippenham to Westbury will be OPENED
for PUBLIC TRAFFIC.. Particulars of the Departure and Arrivals
of the Trains will be duly notified, and Train-bills furnished at any
of the Great Western Railway Stations.
By order of the Directors,
CHARLES A. S.kUNIARS, Secretary.
Paddington Station, September 1, 1848.

ROYAL • POLYTECHNIC
INSTITUTION, REGIINT-STILEET.
The Cause or no PatarExplorion in Albany-street explained and
illustrated by Experiments, in a Lecture by Dr. Ryan, on Gas Mak-
" nay Oss Apparatus of Stephen White, Esq.,
will be exhibited daily at Iltill-Pan din the Eve-
nings of Monday, Wednolay, and Friday.—A Lecture
tory, Uses, and Manafacture of Gate Percha, by Dr. Bachhoffner
daily, at Two o'clock, andin the Evenings of Tuesday, Thursday, and
Saturday.—The various Optical Effects.—Diver and Diving-bell, Ste.
Open daily from LIM% to Five ; and in the Evenings (including
Saturday) front Seem till Half-past Ten.
Admission, —Schools, Half-price.—The.New Catalogue, le.

CORN HARVEST.
BENJAMIN EDGINGTON, 2, Duke-street,
London-bridge, has a few good Second-hand Rick Cloths at
reasonable cost. Marquees and Tents for royal or noble parties, or
fetes of the most brilliant character, of the shortest notice. New
Rick Cloths, with poles complete, of any size. Netting and Bunting
for fruit trees, Sr,c-
A Warehouse, 208, Piccadilly. Address, per post, to the Manufac-
tory, 2, Duke-street, London-bridge.

MANHOOD SIISTAINED! CONSTITUTIONS *RESTORED
AND DISEASES OF BOTH SEXES CURED !
By Messrs. LISTON and CO., Consulting Surgeons,
69, Newman-street, Oxford-street.
Mower of the Royal College of Physicians, Surgeons, and Apothe-
caries of St. Petersburgh and London, Member of the London Col-
lege of Medicine, &c., &C., &c.
MESSRS. LISTON and CO., having made
Diseases of the Genital Orgais their especial Study, under-
take the Cure of all species of Diseases incurred by Contagion,
Ureihral Complaints in both sexes, speedily and effectually.
Patients may rely on superior Medical talent, delicate investigation,
honourable confidence, and leinviolabe secrecy.
Messrs. Liston and Co., may be oted at 69, Newman-street,
Oxford-street, daily, from ten till eight, and en Sundays, front line
till two.
Letters (post-paid), inclosing a Fee, answered by return, and
Country Patients corresponded with, until cured.

REMOVED TO 37, BEDFORD-SQUARE.
OR. LAWERT TUB SECRET INFIRMITIES OF YOUTII
AND MATURITY.—WITII 40 COLOURED ENGRAVINGS ON
STEEL.
lust ulished, and may bo had in French or English, in a Sealed
Enpvelbope, 2s. Od„ or post-free, from the Author, for forty-two
Stamps.
SELF-PRESERVATION; a lleflical Treatise
on the Physiology of Marriage, Infelicitous and Unproductive
Unions, and the Secret Infirmities and Disorders of Youth and Ma-
turity, usually acquired at an early period of life, which enervate
the physical and mental powers, diminish and enfeeble the natural
feelings, and exhaust the vital energies of Manhood ; with Practical
Observations on the Treatment of Nervous Debility and Indis"estion,
whether arising from these causes, close study, or tass Influence of
tropical climates: Local and Constitutional Weakness, Syp
Stricture, and all Diseases and Derangements resulting from Indis-
cretion. With Forty salonred Engravings, illustrating tke
Anatomy, Physiology, and Diseases of the Reproductive Organs,
explaining their stractniss, uses, and functions, and the various
injuries that are produced in them by solitary habits, excesses, and
infection. BY SAMUEL LA'MERT, M.D.,
37, BEDFORD.SQUARE, LONDON.
Doctor of Medicine. Matriculated Member of the University of Edin-
burgh,Lieentiate of Apothecaries' Hall, London, Honorary Member
of the London Hospital Medical Society, &c.
Marriaga rewires the fulfilment of several conditions. In order
that it may be really the cause of mutual happiness. Could the
veil, which mem the origin of domestic wretchedness, he raised,
and its true source in every instance disclosed, in how many could
it be traced to physical disqualifications and their attendant disap-
pointanents. Excesses are always injurious ; the gift, which when
used in moderation is fraught with advantage, becomes, when
abused the protfic source of mischief and of greater or less injury
to the constitutloStal and vital powers. The particular excesses, on
the nature and con:sequence of whieh this Treatise professes to dilate,
aro productive of greater severity of misery to the human frame,
ban any other to which it is subject.
This work contains an accurate and complete account if the
Anatomy and Physiology of the Reproductive Organs, and of
their relative conditions in health and disease. It deservedly
requires the closest attention and study, for what subject can
be of more importance than the preservation •f the health
and of the physical capabilities of which every man should
be possessed. It unfortunately happens that the unhappy
victim of excessive indulgence and vicious habits, whether acquired
is early lite or from the follies of advanced age, while suffering
from their invariable consequences, unwisely entertains a fear of ap-
plying to a qualified physician for relief. Shame and the dread so
frequently, but erroneously entertained that those complaints are
beyond the roach of art, alike restrict him and prevent his seeking
'or assistance where alone it can be procured. In acting thus, he
forgets that accurate discrimination n ascertaining the causes of
disease, sympathy with the sufferer, and, above all, secrecy, inva-
riably characterise the intelligent and practical physician, and to the
medical Man who can show by his possession of the requisite legal
qualifications that he is entitled to esteem and respect in his profes-
sional pursuits, the utmost confidence should be extended. Dr.
LAVME UT has obtained the Ilighest medical honours, as his diplomas
certify, and the great extent of his practice for many years is a
guarantee for his professional experience, which has reference almost
solely to the treatment of these diseases.
Published by the Author, and may be had of Kent and Richards,
52, Paternoster-row; Hannay, 63, Oxford-street; Starie, Tichlsorne-
street, Haymarket; Mansell, 115, Fleet-street ; Gordon, 146,
Iseadenhall-street, London ; or, free by post for forty-two stamps,
from the Author, who may be consulted on these disorders personally
r by letter, daily. from Tel till Twon . and from Five till. Eight, at his
aidence, 37. Bedford-squan, Londo.
------_

TRADES DELEGATE MEETING.—Thursday a rnet-
ing of delegates appointed by the metropolitan societies,
was held at the Craven's Head, Drury-lane, fur the pur-
pose of receiving the report of the committee elected to
draw up a constitution for the trades of London. Mr.
James O'Leary in the chair. The secretary read the
report, of which the following are the principal fea-
tures:—" That it is deemed neccsssary to establish. a
Trades AssOciation,' in order to work out an amelio-
ration in the condition of the people by legal and consti-
tutional means—that .Parliamentary approbation be re-
quested for the rules—that the land ought not to be
possessed exclusively by a fractional portion of the com-
munity—that the laws which fix the price of gold and
restrict its expansion should be repealed, and a repre-
sentative currency issued—that machinery should be
taxed for reve:me purposes, and foreign manufactures
equal:zed in price to our own in the home market--that
education and employment be provided by the Govern-
ment for the people." It then goes on to recommend
that home colonies should be established on the waste
lands in tho United Kingdom, likewise elective franchise
to every: man twenty-one years of age, and concluded by
suggesting a graduated property-tax in lieu of other
imposts. The latter part of the document merely con-
tained rules for the formation of the association. The
further consideration of the reivrt was then adjourned to
a future meeting.

RAILWAY INTELLIGENCE.
BRISTOL AND EXETER. _

The twenty-fourth half- yearly meeting of this com-
pany was held at Bristol on Thursday; Mr. J. Buller
in the chair.
The report stated that the half•year's fixed rent from
the Great Western Company amounted to 35,9781. ; the
tollage on 298,703 passengers, at id. per mile, 9,4391 ;
and on 68,447 tons of goods, at -id. per ton per _mile.
3,027/. ; total revenue, 48,444/. The increase over the
corresponding half of last year is 9911. The capita)
account to the 30th of June showed that 2,616,012/. had
been received, and 2,538,0501 expended, including
277,8111 subscriptions to other companies, leaving a ba-
lance at the bankers of 77,9621. The clear disposable
balance of the revenue account is 29,933 L, which pro
vides for the usual dividend of 4f per cent. per annum
on the 15,000 whole shares, of which 861. have been paid
up, and leaves a reserve of 1,3051. to be carried to the
next half-year. The dividend is 1/. 18s. 3d. per 1001
share, free of income-tax for the next half-year. The
Acts for the branches from Taunton to Castle Cary,
and from Bleadon to Wells, Glastonbury, and
Street, for the purchase of the Glastonbur)
Canal, and to subscribe the sum of 7,500/. to the
Plymouth Great Western Dock Company, received
the Royal assent. An extension of two years has
been granted for purchase of land and the construction oi
the Durston and Yeovil and the Crewkerne branches.
The branch to Tiverton was opened on the 12th of June,
and there is good ground to believe that the traffic will
produce a reasonable return for the outlay. The direc-
tors are adopting the needful measures for securing
sufficient stock of plant to work the line independently
at the expiration of the lease in May next, and the en-
gineer is engaged in preparing plans for workshops'and
other conveniences. The total amount of expenditure on
. account of the main line was 1,985,053/.; the outlay on
account of the branches and for Parliamentary and other
expenses was, 274,1841.; the payments on account of
South Devon and Cornwall Railway shares, and Ply-
mouth Great Western Dock shares, were 277,8121.
The CHAIRMAN, on moving that the report,be adopted,
said that there had been a considerable increase in• the
amount of rent and share* of tolls which had been paid
them by the Great Western Company during the last
half-year as compared with the preceding year of 1847.
Such an increase as this would be most satisfactory
under any circumstances; but was particularly so at
present, when distress and privation prevailed to so
great an extent. This proved most satisfactorily the
sound nature of the undertaking. That increase was in
number of passengers 8f per cent., and on tolls. 6/ per
cent. ; on goods the numbers were 7f per cent., the tolls
15 per cent.:—(Hear, hear, and cheers.) He wished to
call attention to the opening of the branch. to Tiverton,
an event which had been looked forward to with con-
siderable interest and anxiety. He enlarged on the
importance of the railway to Tiverton. He had to in-
fern them that the Bills they had solicited in Parlianient
had been carried, and, with one single exception, all they
had opposed had failed. As regarded their own success-
ful efforts, thei line from Taunton to Castle Cary had
been originally proposed as possessing considerable ad-
vantages, by affording to the west of England that com-
munication which bad been so much desired, as shorten-
ing the distance between the west of England and
London, and they proposed to accomplish this plan with
the least possible outlay of money. The Chairman pro-
ceeded to say, the South-Western Company was either
the most simple or the most generous of companies.
How could they compete with the Bristol and Exeter
Company and the Great Western Company, passing as
their proposed line, if it was ever completed, would,
through a most unpromising and unfortunate country ?
He described the nature and advantages of the Bills
they bad obtained during the present session.' With
regard to the progress of the South Devon Railway,
there were no parties who had so large a holding in
the South Devon stock as the Bristol and Exeter Rail-
way Company. For some time the directory had felt
the utmost anxiety as to the success of that undertaking
and the experiment as to atmospheric traction, and after
a protracted inquiry it was only the day before yester-
day they came to the conclusion that they would sus-
pend the working of the atmospheric systenr.—(Cheers.)
He concluded by remarking that" as the lease of the
Great Western Railway would now shortly expire, plant
must therefore be provided to work the line on their own
account. _ _

The resolution for the adoption of the report was then
seconded, and carried unanimously.
Considerable discussion ensued as to the propriety of
opening a negotiation with the Great Western Railway
Company, which terminated in the matter being left in
the hands of the directors.
The usual resolutions were moved,- seconded, and
carried unanimously ; also a further one, that all shares
on which the first, second, and third calls had not been
paid up by the 21st of September next, should be for-
feited. A dividend was declared of 1/. 18s. 3d., or 4}
per cent. -
A vote of thanks was, then passed to the Chairman,
and the meeting separated. _

EABV ANGLIAN.
The hiftrzyerair-goatnricr-me••...-....-;...i.----........i,,
held on Wednesday att the London Tavern, Mr. Henry
Bruce in the.chair.

The preliminary business having been disposed of,
The SECRETARY read the report. It stated that the
present weekly revenue of the company averaged 6001.
per week, being an increase upon the results of the last
report of more than 40 per cent. It then set forth that
the interests of the company have been, and continue to
be, seriously_affected by the non-completion of the line
between Swan= and Dereham, a portion of the rail-
ways which the directors regard as likely to be very
productive. They are happy to state that this line will
be ready for public nse in the course of a few days, and
the communication between Lynn and Dereham, and
thence to Norwich and Yarmouth, will thereby be
completed. Some further time, however, must elapse
before adequate provision can be made for the goods
traffic. The additional capital created under the resolu-
tions of the last meeting, so far as it has been yet taken,
is in course of payment, and the directors are availing
.themselves of the portion of these receipts applicable
to improvements to place the business arrangements
of the company upon a more satisfactory foot-
ins; but a reference to the financial statement con-
tained in their last report will show that a considerable
further portion of this stock must bo taken up before
they can afford those facilities for traffic 'without which
Theyth erehs resources e s
also, o your u
rrsaui lwaan
:ye socf atnhneoitnbt
ietuf ydo
n ec
ov en op
v c3e,
ed.
d
in the last report, directed their particular attention to
anreNorfolk
sbeing
m ayEbt
saet arrangementstaken
oninnyobewAyi
:it ni
tephi
cnri
oos
mgcropes s
the subject of coal traffic, and they believe that by the
satisfactorya
sbuursei
a department.very
na
jnuyn
cincorporatedh
eu na euhtTi
otrhie.
ties at Lyun, and other influential interests,.to give effect
to that Act, whereby the channel will be greatly im-
proved and deepened, and Lynn will be rendered acces-
sible to vessels of very large burden. This mestsu're,
when carried out, will render Lynn the most advan-
tageous port for vessels plying to and from all the
northern parts of England, Scotland, and the Continent,
and will have a most important influence upon the inte-
rests of this company by adding largely to its revenue.
The company's extensive and very valuable property at
the harbour (bounded on ono side by the Ouse and
on the other by the Yar), and the facilities there
afforded for the loading and unloading of sea- borne
goods, will enable them to accommodate this expected
increase of traffic without the necessity of further pur-
chases of land.
The accounts to the 30th of June showed that
1,176,263/. had been received, including 7,2541., the net
produce of traffic, and 1,167,1041. expended, leaving a
balance of 9,188/. at the bankers.
Mr. BRUCE, the chairman, moved, and Mr. CARDEW
seconded the adoption of the report.
Mr. PUNCREA moved as an amendment, " th
that e re-
port, with the accounts, be not received, but that a com-
mittee be appointed of not less than five shareholders,
with the chairman and another director, to examine into
the condition of the company's affairs ; that they report
to the company; and that this meeting adjourn till that
report be made." Mr. Puncher entered at great length
into the financial statement, but his remarks bore more
upon the slovenly manner in which he alleged it had been
drawn up than upon its entire inaccuracy.
Mr. COLEDEN seconded the amendment, and a long
discussion ensued embracing every subject connected
with the past mismanagement or
the present management of
company's affairs.
Finally the amendment was lost, and the original mo-
tion, " that the report be adopted," was carried by a con-
siderable majority.

MARYPORT AND CARLISLE.
The half-yearly general meeting of the shareholders in
the above company was held on Wednesday at Mary-
port; Mr. P. L. 13. Dykes, of Whitchaven, chairman of
the board of directors, presided.
The CHAIRMAN, in opening the proceedings, re-
marked, that in common with all other railways they
had felt the effects arising from the monetary pressure
during the last half-year. He was sorry to say that
there was a decrease in the traffic for the halt-year
amounting to 2,4231., but as that diminution arose
chiefly from the traffic in coals it must in a measure be
attributed to the unsettled state of the sister country.
Every Qffort had been made by the directors to reduce,
consistently with the safe working Of the line, the ex-
penditure, and they were enabled to effect some consi-
derable reductions. Owing to the bad state of the money
market, the directors had been compelled to increase the
rate of interest upon loans which they had been forced
to contract for carrying on the works. The total amount
required to be paid under this head for the half-year was
6,5581. 9s. 2d., which made the total expenditure for the
half-year 13,8251.
The report stated that the gross revenue for the, half-
year ending the 30th of June last was 13,6111., showing
a decrease of 2,4231. as compared with the correspondiug
half-year of 1847, which was principally in the revenue
received from coals and coke. Principally owing to the
state of the money-market, there had been an increase
in the item of " Interest," making a total expenditure
for the half-year of 13,8251. The directors bad entered
into an arrangement with the Carlisle, Annan, and
Liverpool Steam Company, for the running of their boat
Royal Victoria in conjunction with the railway, between
nooneeatiehn
foriticiirgy charged underht. The direc-
tors LiverhpaodolpuarnedhaMseadryblo
Qiuir,
w machinery

the head " Materials," for the more economical repairs
of the carrying stock.
The total receipts from all sources up to the present
time, were 421,524/.' ls. 2d., and the expenditure
443,9741. 7s. 7d., being 22,4501.65. sd. Over the receipts.
Thee revenue account stated, that 13,837/., had been
•eceived, and 13,8251. expended, including 6,5581. interes'
.n loans, leaving a balance in hand of 12/:
The report was adopted.

After much discussion on the present-state and fu-
ore prospects of the company, a committee was ap-
pointed to negotiate with the York,' Newcastle, and
Berwick Railway Company," for the sale or lease of this
line to them.

The retiring directors and "auditor' Were unanimously
re-elected. It was proposed and carried; that in future
:.he remuneration to the-auditors should be 101. per an-
num each. -- - e.
The proceeding's concluded . a vote of thanks to
he Chairman and ditectors for their- "
services.'

TAW VALLEY.
The half-yearly meeting of this company was held on
Thursday, at the London Tavern ; Cooper in
the chair.

The report stated that during the past half-year the
progress of the works had been very limited, that a
call of 21. per share was made, payable in March last,
4nd a further call would be payable in October next. The
directors congratulate the shareholders on the successful
termination of the long pending application to Parliament
of their allies the South-Western Company, for powers
to extend their railway from Salisbury, by way of Yeovil,
to Exeter. The directors regret that the Bills for leas-
in the railway to the South-Western Company, and for
making a junction line from the South-Western central
station in Exeter to Cowley-bridge on the Exeter and
Crediton line, have not received the sanction of Parlia-
ment. The provisional agreement for the lease between
this company and the
South-Western Company pro-
vides that either party may upon notice terminate the
agreement. Should the application to Parliament be
unsuccessful, although several communications have been
made to the South-Western ecimpairry.—the directors
have not been able to arrive at any definite arrangement
on the subject. Some of the South-Western directors
are about to go over the line and works on the sth of
September, but the difficulties imposed upon this com-
pany by the decision of the Railway Board on the gauge
question, the rejection of tile leasing Bill by Parliament,
stad the present state of monetary affairs, requite the
serious attention of the shareholders. That the directors
will gladly concur in any measure that may be con-
idered conducive to the general interests of the com-
pany.
The engineer's report stated that the second contract,
extending from Barnstaple towards Ifulberleigh-bridge,
about 6i miles, with the exception of the bridge over the
Tarr, at Barnstaple, is nearly completed, and a consider-
able portion of this, and of the line from Barnstaple to
Fremington ballasted, and a single line of permanent way
laid. The accounts to the 30th of. June showed that
133,5911. was received, and 132,5041. expended, leaving
a balance of 1,087/.
The CHAIRMAN, on moving the adoption of the re-
port, stated that every effort had been made by the di-
rectors; aided by the South-Western Company, to obtain
power to rescind the decision of the Railway Commis-
sioners with respect to the gauge of the line. That
company had expressed their willingness to take a lease
of the line, and carry out their agreement independent
of the gauge question, whether the broad or the narrow
gauge was imposed on them, although it might involve
additional expense. It was quite certain that the deci-
sion of the Railway Commissioners bad involved them
in considerable difficulty, and had nearly the effect of
preventing the construction of their line.
Mr. BAILDON seconded the motion.
In reply to questions, it was stated that the South-
Western Company held 6,850 shares in the Taw Vale
Company, that they bad paid 61. per share on them, and
advanced 6,300/., making the total contribution 47,0001.
Mr. Devr moved an ,amendment, " That it was de-
sirable, if possible, to effect a sale of the undertaking
to the Bristol and Exeter Company. He believed that
the latter company were quite ready to fulfil every en•
gagement that they had formerly entered into with this
company.
The amendment was not seconded.
Mr. CARDEN said he was a large holder of shares in
the company, and would propose an amendment, which
be hoped would give them the opportunity of treating
with either company. His object was to get the best
terms he could, and give a value to his property. He
concluded by moving "That the reception of the
report be adjourned to the 17th of October next;
that a committee of five shareholders be appointed
to inquire into any negotiation with other compa-
nies with reference to selling or leasing the Taw Vale
Railway and Dock; and to conclude such negotiations,
to, enter into new ones with other companies, subject
to the approbation of the shareholders; that Mr. R. Car-
den, Mr. J, H. Jay, Mr. J. Hill, Mr. J. D. Williams, and
M. W. M'Murray be such committee; and that the soli-
citor and, the secretary to the .cornpany be instructed to
attend -snob committee when required, and to give such
information as may be necessary."

Mr. jr.s second-ad tint motik4l3.
Alter a long discussion the resolutions wore amended,
to the effect, " That the report should be printed and cir-
culated amongst the proprietors, and the meeting ad-
journed to the 17th October; and that the committee
should have power to continue such negotiations, and to
report the result to the adjourned meeting of the pro-
prietors; that a special meeting also be called for the
lith of October, to take into consideration any propo-
sition that may be submitted."

The resolutions, as amended, were put and carried
unanimously, as was also a resolution directing the inte-
rest at the rate of 5 per cent. por annum, to be payable
on the 16th of October.

Thanks were voted to the Chairman, and the meet-
ing separated.