The Sun.
London, England, 1848-11-28 00:00:00

boranseness with an unequal represent;tion in the first
united board, considering it their duty to retain the pre-
visions of the eighth resolution, as essential to the
scheme and vital to all the interests affected by it, they
must fur the same reason refuse to assume the respon •
sibility of rendering its adoption contingent upon any
future reference.

They feel sure that the London and North-Western
Company must be equally desirous of imparting to the
public that confidence in the intentions of all parties to
an amalgamation which may remove every obstacle to its
success ; and they trust, upon duly weighing these con-
siderations, that they will give their approval to the re-
solutions as they were framed by the deputations of the
respective companies.
"But as time presses, to communicate them by circular
to the shareholders, and to afford any necessary expla-
nations respecting them, I have to request the favour of
your giving to my directors the means of doing so with
the least possible delay.
I remain, my dear Sir, yours very faithfully,
CHARLES A. SAUNDERS,
Secretary.

Mr. J. Swift, Liverpool.
(F-)
4, Old Palace-yard, Nov. I S.
My dear Sir,—l had no opportunity before yesterday
of placing your letter of the 11th inst. before the South-
Western board.

I was instructed to state that the South- Western
directors cannot recommend their shareholders to con-
sent to less than an equal representation in number in
the united board, and I ought to add that this decision
WAS come to very positively and without hesitation.
May I ask a reply to my note of the 15th ?
I am, my dear Sir, truly yours,
FRANCIS T. BIRCHAX.

Mr. J. Swift, Liverpool.
(G.)
London and North-Western Railway-office,
Euston station, Nov. 25.
Dear Sir,—Having received from Mr. Swift, and laid
before the board your letter dated the 17th inst., lam
instructed to state, in reply, that the board lear with
regret the rejection of the proposal made in Mr. Swift's
letter dated the 11th inst.
With reference to the mode in which you, in your
litter of the 17th inst., allude to the fact of our depu-
tation having reserved for the consideration of this board
41, .particular point now in question, I am desired to say
- '
s_ ,-"" because, at the very outset, that claim was dis-
pa
1'..,....dy made; at no_ subsequent time was it sy4 .4,?" ed; at
the close it was expressly reiterated, and the particular
mode adopted by the deputations, of signing the resolu-
tions, "subject to the approval of the respective boards,"
was suggested by you, on behalf of your deputation, as a
means of obviating the difficulty felt by the London and
North-Western deputation on this point.
The reasons which you aasign for not conceding the
point in question seem to call for some notice from this
board. In the first place, this board never demanded
any greater control than was proportionate to the
capital represented, nor, indeed, any more than a com-
mittee on the Bill, or other arbitrators, should con-
sider just with reference to the public and private in-
terests involved.
*,Of course the London and North-Western board ad-
mit, and for themselves would insist upon, the justice
and propriety of the fulfilment of all existing obligations
to third parties, and accordingly the resolutions on
which the Bill is based are so framed as to secure this
important olsject.
Precedent, too, in a variety of similar cases (including
the amalgamation of the London and North-Western
Company) accords with the view taken by this board,
not to mention the Parliamentary constitution of all
railway companies, by which the proprietors at large
have the power in the election of their directors, based
on the capital which they severally hold in the concern
--a principle which would be directly impugned by the
proposed nominal equality of representation in the amal-
gamated board of the three companies.
As, under these circumstances, there appears to be
no probability of a definite agreement between the three
boards, the necessity no longer exists for holding the
special meeting of the proprietors on the 13th proximo.
I am, dear Sir, yours faithfully,
CHARLES E. STEWART. Secretary.
Mr. Charles A. Saunders.
(H.)
London and North-Western Railway-office, I
Euston-.station, Nov. 25.
Dear Sir,—Having received from Mr. Swift and laid
before the board Mr. Bircham's letter, dated the 18th
inst., I am instructed to state in reply, that this board
learn with regret the rejection of the proposal made in
Mr. Swift's letter, dated the 11th inst.
As, under these circumstances, there appears to be no
robability of a definite agreement between the three
rds, the necessis' no longer exists for holding the
s ial meeting of the proprietors on the 13th proximo.
?vlt
I remain, dear Sir, yours faithfully,
CHARLES E. STEWART, Secretary.
Mr. Wyndham Harding.