The Sun.
London, England, 1846-01-20 00:00:00

V3:,fl)-trl)
_XlAfton

SUN OFFICE, Seven o'Clock.

with population. lie moved the adoption of the report.
Mr. Gun said he had examined the plans himself
and he could assure the meeting that they contained de-
fects and omissions which it would be no easy matter
to get over.
Mr. Sergeant GAZELEE said he was connected with
the line in question, and cerainly the information Mr.
Gust had given them was contrary to everything
he had heated respecting it. He understood that
the plans were all correct, and as a whole he was
convinced the line would pay and he trusted it would
ultimately prove successful.. He regretted that the
Board had so long neglected Portsmouth, but he hoped
their future concession to that town would show that
they were desirous of making some atonement
for their past neglect. They ought to have
some of the men of Portsmouth on tha Board,
and now that there were vacancies in the
direction, he would suggest that the Proprietors
should fill them up themselves, and not leave them to
be filled up by the Directors. Be was glad to hear the.
Chairman admit that he had placeed too much confi-
dence in the opinion of the Board of Trade, and he
hoped that henceforth their policy would teach the
Great Western Company that they would be dic-
tated to no longer. There was one point to
which he wished to direct the attention of the
Chairman; It would appear that they were again going
to bring forward their Epsom project. Now, did the
Directors think it worth while going on with this
scheme, the competing line having obtained its Bill ?
Tile Cuatastax said the proposed line would involve
but a trifling outlay, while it would prove a great ac•
commodation to the public. Owing to the expen,.e
of working the atmospheric system, he had little doubt
that they would be able to compete advantageously with
the Croydon line, and therefore it was that they recom-
mended the proprietors to proceed with the scheme.
After some further discussion, tin, resolution was put
and carried unanimously.
Resolutions in accordance with the recommendations
contained in the report were then proposed from the
chair, and after lengthened discussions upon minor
details, they were unanimously adopted by the meeting.
In answer to a question,
Mr. Uxidi explained that the number of new shares
were 46,500 of 501., and 6,000 of 401, upon which the
Directors had power of calling 251. on the first, and
20/. on the second, and one of the resolutions gave them
the power to call up.
The CHAIRMAN said this closed the business of the'
meeting, but before they separated, he wished to bring
under their notice a matter of considerable impor-
tance. At their last meeting a sub-committe3
was appointed to consider the best means of improving
the steam navigation between Portsmouth and France
and Southampton and France. The chairman of that
Committee was then present, and he trusted the lion
Gentleman was in a position to give them hopes of their
ultimately succeeding in the object they bad in view.
Mr. TITE said the Committee had found the navigation
most defective, and they thought the best plan which
could bo adopted was to break up the two existing steam
companies, and thus put an end to the local rivalry
which at present existed. This could only be done
by the formation of a new company, who could
purchase the boats of the old company for
about 150,000/. ; but no new company could be termed
unless they guaranteed them a dividend. He should
therefore propose, as the formation of such a company
would tend greatly to increase their traffic, that the
Directors be empowered to take steps to promote a new
company.
Some opposition was offered to this proposal, bnt it
was ultimately adopted by the majority of the :share-
holders, and thanks having been voted to the Chairman,
the Meeting separated, after a very protracted sitting.

SOUTH-WESTERN RAILWAY
COMPANY.-(THIS DAY.)
A special general meeting of the Shareholders in this
Company was held this day at the station, Nine Elms,
for the purpose of receiving the report of the Directors,
and considering the measures to be taken with respect
to several projected extensions during the forthcoming.
session of Parliament. Mr. Chaplin presided.
The notice calling the meeting having been read,
The SECRETARY then proceeded to read the report, of
which the following is an abstract:—
The Directors, after stating. that the importance
of the measures for consideration must excuse them
for; calling the proprietors together at that time, said—
n ith reference then to the formation of the projected
lines to Epsom, to Chertsey, and Egbam ; to Farnham
and Alton ; to Salisbury from Basingstoke, liy Whit-
church and Andover, and from Ramsey to Redbridge,
your Directors will only remind you that they have
uln rdy been fully autho. ised and, requested by your pro-
prietors to proceed, and everything has accordingly been
done which your Directors have deemed advisable in the
promotion, of these several projects. The Directors
then add, that they had further investigated the
extension to London-bridge, and they . unhesitat-
ingly r come e :ded , the measure ; they recom-
mended also, that application should be made to Par-
liament .for an extension branch to Hampton-court.
The Directors had OR former occasions entered so fully
into explanations with respect to the Guildford and
Chichester and Portsmouth and Fareham lines, that they
did not feel called upon to state more than that, in addi-
tion to the prosecution of the Bill now pending in the
House of Lords for the portions of railway between
Guildford and Godalming, and between Fareham and
Portsmouth, the Guildford, Chichester, and Portsmouth
• Company-would apply in the coming session for powers
to wake the remainder of the line to Chichester, as
originally:proposed, and, with a view to the improvement
of their scheme, they have added to it branches
to Petersfield, Chichester Harbour, and the dockyards
at Portsmouth, with further stations and accommodation
for general purposes at Portsmouth. An agreement had
been come to whereby the London and South-Western
Oompany would become half-owners, with. the London
and Brighton Company, of the Portsmouth and Fare-
ham Extension of the Brighton and Chichester Railway,
sanctioned by Parliament in the last session ; and the
Directors treated that a more complete scheme,
even than that of last session, would be presented
to Parliament without any material increase of
expense. It remained for the Directors to ex-
plain the provisional arrangements made with refe-
rence to the lines west of Salisbury. The scheme to be
presented to Parliament would embrace an entire system
of railway communication from Basingstoke to -the
Land's cud. '1 he projected line of this Company from
Basingstoke to Whitch_urch, and Andover to Salisbury,
would be continued by the lino proposed by the
London, Salisbury, and Yeovil Company, to
Yeovil by the lines and branches of the
Exeter, -Yeovil, and Dorchester Company, to Exeter,
and by the Cornwall. and Devon Central Line to Fal-
mouth and Penzance. The entire capital of all these
lines wc,uld be 5,900,000/., and of this amount one fourth
was to be transferred to the London and South-Wt stern
Railway Company, who would thereupon immediately
obtain a corresponding share in the management of each
of the undertakings. Each of the several companies
would separately apply to. Parliament for powers
t i construct its own line, and should the
applications for all be successful, it was pro-
p° el that the London and South-Western, Lon-
don, Sal.bury, and Yeovil, and Cornwall and Devon
Central Railway Companies should be amalgamated,
aed that:the present debenture debt of the London and
South-Western Company, amounting to 630,000 i, should
bee, me a charge upon the entire undertaking. As re-
garded the capital for the works proposed bytheDirectors.
exclusive of the lines west of Salisbury, they proposed
to provide for it by calls on all the shares of the Coms
patty whereon calls remained unpaid, ana by exercising
the powers of borrowing, obtained by the Company in
the last session. The Directors having exhausted all
the points to which it was necessary to allude, concluded
their report with a repetition of their unabated confi-
dence in the soundness of the prinCiples and continued
prosperity of the undertaking.
Toe CHAIRMAN then rose, and stated that the objects
which they had that day met to consider would be re-
ferred .to by him as briefly as possible. They would
find that the circumstances in which the South-Western
Compaq), was placed with regard to the Great Western
Company sere fully explained in a pamphlet which had
been extensively circulated among the shareholders, and
it would only be necessary for him to make a very few
observations upon that subject, The Directors' report,
which had just been read, mentioned the various projects'
which they lied in coesemplation to propose to Parlia-
ment. Tceir policy hod been fully explained on former
occasions, as well as their desire to enter into terms of
friendly relations with their neighbours on the left and
right of thin, for the purpose principally of avoiding
that fluctuation in the value of their shares which they
had sometimes experienced. He was happy to say
th3t in thie they had partly succeeded. 'I hey had en-
tered some time before into friendly terms with their
neigh!) ours en the east—he meant the Brighton Com-
pany, and they had had no cause to regret it ; and
she late negotiation entered into between the Croydon
A4rnospherie and the Brighton Company proved that
the interests of the South- Western Company were
nut finprgotten, and it . was, therefore but
right that good_ faith .should be exercised towards
them in return. They njoiced that such an agreement
had been entered into, for while it left the coast between
b'euthempton and Brighton fully supplied, it enabled the
South- Western Company at any future time to accom-
modate these districts without any intervention front
other parties. lie thought the meeting would
agree with him that; at least, there was no ne-
cessity for the interft renee of the Atmospheric
Con puny, which never •ha I, and never could have,
any justifiable cause for supplying this country, and
even if they did get powers from Parliament to make
their line, he would venture to say that it could never
be road's remunerative to the parties themselves. It was
in per uanee_ of this policy that the South-Western had.
in t he latter end of 1844, tried to carry out an agreement
with the. Great Western, but that Company de-
cl'ned to entertain any proposition until the Board
of Trade should have made their report. The MARKET INTELLIGENCE.
B. ard did bake its report, and they (the South-Western)
met the 'Great Western Directors a second time, and . (From the London New Price Current of Jan. 20.)
endeaVoured 'to' bake some arrangement. They sue- , SUGAR.—To-dav importers of West India Muscovado
Sugar evinced firmness; notwithstanding the large public
c,•eded, bat on .entirely. different principles from those
thea had proposed in October. The meeting would un-
sales that were held of other descriptions, they obtained
rices eual those of yor q a fai
derstand that the arrangement had been sanctioned by
business
was transacted inFrida groceryfall alities
anduretinh:gand qualieies.r
the Board of Trade, which had, in fact, constituted them- The private sales reaching 400 hhds and trcs a large business
selves at biters in the matter. The Board was at that would have been transacted had Merchants slightly given
time supposed to be most influential, and quite capable way in prices. 'A public sale of 100 hhils of Barbadoes went
of controlling the conduct of any parties disposed at the previews currency:
to do 'strong. The agreement had been most religiously REFINED.—To-day Refined goods were purchased with
sabered en by them,' despite of sundry strong expressions, more freedom by the home trade, and it was (tiff:cultic,' buy
more esp. chilly from some of their northern share- at former rates—the closing
,prices were 64s to 64s 6d for
hoh'ers. This state of things went on until October, 1843, standard, and 635. to Os. 60 for brown grocery lumps. Bonded
when the tire :t Western Company proposed a line from Crushed Sugar met with but little attention, but was
Newbury to llungerford, and so on towards
Exeter, in not to be had' under 33s 9d per cwt for first quality
direct contradiction to the agreement with them. lit the This afternoon two parcels, amounting to 7,383. bags, 35
fir. t piece, they had broken . faili by proposing to casks, were submitted to- public competition. The trade
were disposed to operate, merchants displayed firmness, and
make the line, at all without giving novice to them
or (o.the Board of Trade. He thought, a'so, that, they nearl y the whole sold at and after the sales at full- market
rates : the principal portion consisted of the better kinds of
lid broken faith with the conditions entered into with yellow.
the house of
Lords, on the getting of their Wilts arid EAST INDIA..'Phis afternoou there were six public sales of
Stem rset Act. They (the South- Western) in giving Bengal Sugar, comprising 11,673 bags': the principal portion
ratherwas disposed of in consequence of merchants submitting to
up the lines west of Salisbury, did so only for the time ;
they but remained passive until a probable requirement lower rates for white, and 6d to Is per cwt decline for
should be "shown, of which the Board of Trade were. to yellow.Fone tost.—Th limited business transacted in Brazil has
be the judge.. When that requirement could be shown been at prices rather under those previously quoted for all
then - they (the South- Western) were to hare been description, and the private sales are only 8o chests of
the par tea to have supplied it. The line they Bahia, fine . brown at' 20s and common , white at 235-per
(the tile at Western) were making'was calculated in a cwt. At auction 90 barrels of Pernambuco were disposed
very great degree to interfere with the traffic on the of middling soft white at 23s to 245, low' 20s to 225,
South-Western; and this lie (the Chairman) considered dimp and washed 20s to 21s; 200 mats of Savanilla, mid-
another bieach of faith. The Chairman then entered at dling damp bright yellow 20s 'to 21s, washed 19s, and
consith rable length into a comparison of the advantages fine damp yellow loaves 2la to 22s per cwt.. Yellow Haven-
to Bridport and other towns on the west coast, from the nah has met with little attention, although there are sellers
plans proposed by the South Wes'ern and Great upon further reduced terms. Still the busihess transacted
Western Companies. The Great Western charged privately has .been extremely limited, and none has been
them, in return, with break 'nee faith. Why ? Be- offered at auction. In wbire we have heard of no trans-
cause they • proposed to construct a line in their actions. All other kinds of Foreign have-been sparingly
dealt
ain, although there.are.sellers upon rather lower terms.
own distriet; and they also charged him (the Chairman) , Of li vannah the stock is'still less than it was last season,
with proceedings or rather a covert character. To that but of all other kinds of Foreign it is much larger. For brown
charge he' would ' reit reply. He, if not a Member Brazil prices are much the same as they were in 1845, but for
,or Pat Bement, like the Chairman of the Great all other kinds they show an advance. •
Western, '-was the representative of eleven millions COFFEE.—This afternoon there was •no public sale of any
of property,_ and he could, therefore, as little description of Coffee, but 2,800 bags of Ceylon; 900 bales of
&afford to trifle or . misrepresent, as Mr. Russell could.-- Mocha, 180 packages of Rio, and 45 casks of Berbice are de-
(Clvers.) It. was perfectly ridiculous to say. that they dared. Ceylon was disposed of to a fair extent privately,
lael.relinquished the country west of Salisbury, beeaue good ordinary pale brought 49s to 50s per cwt. The
aiidb
stock
less
West India at this port is 539 casks 1,579 brls and
they had for the time ceased 'to prosecute the
bales,e ansattr
Ceyloni was last year ; but of • Mocha it is 728
Soultampton and Dorchester Railway. He regretted
,T,,,,s9solbesafsthgra Saatter,habtti of other East
that he had been induced to yield such confi- India sorts it is 29,267
Itilte,Feete the 'decision 'of the Board of Trade as it TEA.—lmporters of all Lseriptionns continue is firm-
i hits into error. Now, he would not say one ness, and refrain.from offering any at public salee In Congou
w ordthere has been a good deal done by the town and country
wi h respect to the extension to
trade, but no further advance can be quoted • previous rates
Waterloo and London-brideree. The meeting could not
eon ecal from itself the great
badrantages which- would at- are, however, well supported, . especially- for the low and mid
tend a tz=rminus at the latter rhiadge. Sir Lionel Goldsroid, sorts, which have been the most in request.
he wie'sed to ittfortn them,
to
fallroposed to bring his Sprees.....Te-dav there was a little business transacted
Eastern
line on to ti.eirs, in fact,into their Company. privately in, black Pepper, and at auction 94 bags of
The Chairman, after some further
saying, that be should b sold at barely the former value, fair light black rather stalky
observations, con- •
but free from dust went at 244 to 2%d, sea damaged first
chided by
inquiry that might be made b c glad to answer any class 2Ved,, second ditto 2d, third ditto 1%cl; white met
Fry-edit. y any of the shareholders with little attention, am' 120 bagsat public sale sold at rather
Mr. C ese had listened with great lower rates, middling went at 31,1 d to 3%de and one lot of
Chtortea•.'s address, and it contained attention to the good quality 44 d. • • much which e a Senues —lna or D tcrs of Jamaica Rum .submitting to peens
g-atifying to 'himself, and must be equally '
rather • - •all • '
so t„ under those previously quoted ;for kinds tempted
tee te. sling generally. He, however, wished to exporters and the home trade to purchase with more freedom;
know from the Chairman if he was aware of the a fair business has been transacted, the quantity sold amount-
tact, that the Cornwall and Devon central line ing to 300 puns plain quality 30 to 34 per cent. over proof at
pased through a barren part of the county, and was 3814 to to 3s 4d, better 32 to 36 per cent over 3s 6d to 3s Bd, and
not likely to prove a remunerative line, if Parliament vourend''somrstisi parcels at 4s to 4s 44 per gall° i. of the high fla-
unt•
•.se.f it to he made. It aveided the populous and Demer _ here are s.t ill few parcels to b• met with. Instrong
ara a large business bas been tr
mitieral districts of Cornwall, and lie knew, of of lower rates havi.:g been subin'tt d ansacted in consequence
hi is own knowledge, that the plans wet e mend has been only for small parcels. The ?hoer Calcutta the de-
so &leo nee that. it would have little or no chance of rcehceeaivedtsiinace this day week has been larce!eul'i.atiiityk
ionfißs ye
fi ett'vg theouell the Standing Orders' Committee. Was ,
very firm than
atlley(-tawse•e;ie at this time last season. Prices rule
tt ad% iseb.e then, for them to adopt the line in this state i
, large extent were made since this day and purchases to a
of things ? He thought not, and he hoped the meeting ! several parcels have-been taken for shipping.
Of Genes a
would pause before they adopted the recommendation 1 Rice.—To-day Bengal met with attention, and privately
ef the report and the Chairman, of Viking it up. -1 several parcels were disposed of at stiffer rates. At public
Mr. .Asnasi assured the Hon. Prorietor that be : sale 350 bags were sold—good middling white at 16s 6d to 17s.
was in er. or in supposing h •plansof ta. the - 1 1 Turmeric damaged 15s 6d, sea . and sugar damaged 14s Gd,
wail ana neve line 14 class 13s Gd to 14s, 2nd class 13s 6d, 3rd
n central were defective, for '--e had ! sea-damaged, ~
learned from the seer A
perly drawn up • f tars that the plans had been pro- • - all itbdrawe. Cleaned has been
p
and deposited ; the shares had all been ' Spanish were put up and w
taken up, and the lin good demand privately.
way prepared to proprietor° were in every .
I FRUIT.—The trade take only such descriptions and quan- '
every prospect of succesgsn. Ito Parliament with ! titles as will supply their, immediate wants. Two.public
worild pass over a barren district, but true that the line • sales were attempted, at which there appeared very little
, but it .
bored that this part of the works could must be remem- , sold.
cotnparavely speaking, a trifling e be constructed at, I Woon.—The business transacted in all descriptiens has
be remembered that after it passed'Pense ; but it must . been to a small extent only, and' the rates takee are ban
this barrenness
is maz
e into dietricts that were
thickly-studded ' atizerraz.—Rough has met with more attention,§mce ~
-

AUSTRALIAN AGRICUt TURAL
COMPANY.—(THIS DAY.)
The annual general meeting of the Proprietors of the
Australian Agricultural Company was held this day at
their offices, King's Arms-yard, Mooigate-street, John
Studholme Browning, Esq., the Governor of the Com-
pany, being in the chair. After the usual preliminaries,
The CHAIRMAN read the report of the Directors,
which stated that the improved prospects of the colony
fully justified the anticipations which they expressed at
the last general board of Proprietors. The expenditure
of the Company ha I been revised, in effecting which
they had received the cordial co-operation of Captain
King and the other officers; and, although no improve-
ment had taken place in the sale of live s•ock, and there
had been a still Wither diminution in the sale of coals,
yet, by the reduction of the expenditure, the result of
the Company's operations for the year 1844 showed
a considerable improvement in the balance of
receipts over disbursements, as compared with
the three preceding years. The same causes
which were last year mentioned as having restrained
the cultivation,. had continued in operation. The
crops had been good, but a large quantity, with the
barn in which it. was kept, was burnt by lightning.
The whole loss amounted to 1,350/. Besides this
loss, between seventy and eighty sheep were
killed by the bail stones in a storm. The
report then went into a long and minute detail of
the number, age, &c., of the various descriptions of Eve
stock, which appeared to give great satistaction to the
meeting. The clip of the sheep stock amounted
to 613 bales of wool, weighing 182,1511b5., which
realised good price-,, there being an advance of
3d. per lb. The whole receipts of the year enabled
the Dirt ctors to declare a dividend of 11.
being at the rate of 3/ 6s. Bd. per share. The part of
the report, hom, ever, to which the greatest importance
was attached, was the letter of the Under-Secretary of
the Colonies, communicating to the Governor the deter-
' mination of the Colonial Secretary to allow the Company
to sell 500,000 acres of their land.

The report was unanimously agreed to without an
discussion.

The Governor and other officers were re-elected, and
thanks having be( n voted to the Chairman, the meeting
separated.

ROLLS' COURT.-(THIS DAY.)
(Continued from our Afternoon Edition.)
_ MARQUIS OF HEREFORD V. LORD LoirrnEn.

Lord LANGDALE. in giving judgment in this case, said he
could not consider that the legacy in question was given on
the conditions that were urged, but was bequeathed to the
Countess st,bject to the payment of an annuity of 3001. This
annuity was to be_ purchased with 3,000/. The conditions
under which the legacy had been given were complied with,
and, therefore, he was of opinion that she was entitled to the
legacy.

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