The Sun.
London, England, 1846-01-05 00:00:00

the important dictriets which veer line w9g to
tho 3H.ol?i)Pf•t; ennantit

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applications from such quarters as having a priority of
claim ; whilst they deemed it desirable to allot generally
to such as gave assurances that they would hold at least
two-thirds of the shares allotted to them. Your com-
mittee also conceived that their Scotch applicants should
be favourably regarded, especially those of Edinburgh
and Glasgow, inasmuch, as the success of your
Bill would he identical with the interest of
those important cities. The tot .1 umoust of depsita
received as 102,9091. 17s. 64. Tht, Cointeti, tee of Ala-
nagsment have the pleasure of informing [heir shale
holders that ninety -one members of the Provisional
Committee of this Company have paid the deposit or.
the total number of the shares allotted to them.
" The line adopted by your Committee commenced at
a junction with the Leeds and Thirsk' line, at Hors-
forth Wood, four miles north of Leeds, and passing
Rawden, Yeadon, and Guiseley, to Ilkley, it continued
Wharfe Duie to Hawes, and thence through Ap-
pleby to its junction with the Lancaster and Carlisle'
line, at Clifton, 19 miles south of Carlisle ; thus forming
the most direct route from London and Leeds to Car-
lisle, Glasgow, and Edinburgh. The length of this line
is 84 miles, and presents practicable working gradients ;
although to obtain these some heavy works are requisite,
especially at Stakefells. These, however, your Com •
mittee hope to considerably reduce and amend.
"In all the proceedings of your Committee it has
been their policy to cultivate a friendly understanding
with those companies with which your line is connected,
and this spirit has been responded to generally ; the
Leeds and Thirsk Railway Company,' with which
your line is more directly connected, having offered every
facility both for a junction and running on the line on
fair and reasonable terms; whilst the 'Caledonian Rail-
way' Directors have expressed to your Committee, that
they view any direct communication from Leeds and the
centre of Yorkshire, to Carlisle, as important to the
interests of that Company.
" In prosecuting your Bill through Parliament you
would have to contend as your strongest opponent with
the Yorkshire and Glasgow Railway Company,' whose
interests were, in many respects, identical with those of
this Company, and whose line, from Clifton to Hawes
(about 30 miles) ran parallel to your own; thence it
passed down the valley of the Yure, through Askrigg,a
Leyburn, and Bedale, to Thirsk, on the Great North of
England Railway,' and (by a branch of seven miles) to
Wath (near Ripon) forming a junction with the
Leeds and Thirsk' line. This line had the ad-
vantage over your own, in points of practicability
and cheapness of construction, the whole being
laid down without a tunnel, or any expensive
work. This Company, as well as the 'Leeds and Car-
lisle,' is supported by strong local influence, and affords
a complete line of communication between London,
Leeds, Carlisle, and Scotland, and by far the shortest
and most direct route from Scotland to the important
port of Hull. After mature consideration, your Com-
mittee considered it to be for the interest of this Com-
pany to enter inta an amalgamation with the Yorkshire
and Glasgow Union Railway Company,' as thereby
heavy Parliamentary expense will be avoided, and by
this union an important national scheme carried out.
" Your Committee were gratified to find that such
disposition was cordially responded to by the Yorkshire
and Glasgow Union Railway Company,' which agreed
to enter into an amalgamation on terms of perfect
equality. Your Committee have the satisfaction of in-'
forming you that the following terms have been entered
into accordingly, viz.:—
" Ist. That an amalgamation be formed between the
Leeds and Carlisle' and the Yorkshire and Glasgow
Union Railway Companies' on terms of perfect equality.
" 2d. That the affairs of the Amalgamation Com-
pany be managed by a Direction chosen in equal num-
bers from the Committees of Management of bath Com-
panies. . _

" 3d. That as one of the two lines running parallel
to each other from Clifton to Hawes, viz.:—that of the
Yorkshire and Glasgow Union Railway,' was found
to present on comparison better gradients and to be less
expensive in construction, that line be adopted, and the
other abandoned.

" 4th. That the amlgamated Company do proceed in
the ensuing session for a Bill to construct the main line
down the valley of the Yure to Wath, near Ripon, on
the Leeds and Thirsk Railway,' (with a short branch
to Thirsk, on the Great North of England Railway,')
thereby opening a direct communication from Glasgow
and Carlisle to Leeds, York, and Hull, and through
them to the south. That the line from near Hawes to
Leeds, by the Valley of the Wharfe, be sent in as a
project only this session, in order to obtain possession
of the ground, should the trail c demand at a future
time two lines of communication between the north and
south of England.
" sth. That the stock of the amalgamated Company
be contributed in equal proportions, and that each Com-
pany pay their own expenses up to the day of amalga-
mation.

" It has been already proved to the satisfaction of
your Committee that the local traffic on the Yorkshire
and Glasgow' line, independent of the through traffic,
will be fully sufficient ;to reumerate the outlay of capi-
tal. The important item of lime alone will yield a con-
siderable revenue, as the line passes through the finest
fields of limestone in Yorkshire, and the inexhaustible
supply which these yield, gives an ample security that
the demand will be extensive and continuous; whilst the
quantity of coal which will be necessary for burning the
lime, will give a remunerative back carriage, and vastly
increase the present large consumption in the district.
" It has been a strong inducement to your Committee
to sanction the formation of that portion of your line first
which traverses the lime district, because from the ab-
sence of difficult or expensive work, this line would not
occupy much time in construction, and because the local
traffic already alluded to would yield an immediate
return, and at the same time a line would be secured,
which will afford a much shorter route to Scotland than
any now existing or projected, and the shortest possible
route to Hull from the north and north-west.

" The following is the Financial Statement of this
Company, to December 31st, 1845:
Cr.

By Deposit ...
Dr.
To Engineering, on Account
„ Advertising

..• ... ... £102,949 17 6

X 6,000 0 0
1,008 11 6
570 0 0
1,000 0 0

„ Law Expenses

„ Traffic 'tables

Rent, Salaries, TiadesmansTßill;,
Travelling, Office Expenses, &c.
„ 35,000/. Exchequer-bills (average)

...
at 255. prem. ... ••• •., •••
„ Bank Security ... ...
„ Balance in hands of Company's
Bankers, in London and the
Country ... .., ... ... „,