The Sun.
London, England, 1848-09-01 00:00:00

RAILWAY INTELLIGENCE.

NORTH WALES.
The half-yearly meeting of the proprietors of the
above company was held yesterday at the Guildhall
Coffee house; Mr. W. Chadwick in the chair.
The SECRETARY (Mr. Marriner) read the report,
which announced that the dissolution Bill prosecuted by
this company in Parliament had not been successful.
The opposition in the Lords had determined them not to
proceed further with the Bill in the present session. A
bill in Chancery had been filed by Mr. Jackson, the con•
tractor, against the company for 4,0001. The time for
the compulsory purchase of lands having expired, the
directors recommended the total abandonment of the
line. The directors recommended an early division of
the remaining funds of the company, and expressed
their readiness to divide the same, with the sanction of
the proprietors. The aceounts show a balance in hand
of 21,077/.

The report was adopted.
A special meeting was then held, at which it was re-
solved that the directors be empowered to wind up the
affairs of the company, and, after making due provision
for their liabilities, to divide the assets among the share-
holders. It was also resolved, that the costs incurred
by one of the direkors in an action of libel, arising out
of a report of the proceedings of one of the meetings of
the company, be defrayed out of the general funds of the
company.
The meeting then broke up.

BLACKBURN, BOLTON, AND WEST YORK
SHIRE.

BLACKBURN, THURSDAY.—The half-yearly meeting
of the shareholders in this company was held this day.
W. H. Hornley, Esq., chairman of the board of di-
rectors, presided.
The SECRETARY read the report, which congratulated
the shareholders on the opening of that portion of their
line which completes the cominunication between the
towns of Blackburn and Manchester. The works on
the line between Blackburn and Clitheroe had made con-
siderable progress, but in order to prosecute them with
greater vigour than could be done by waiting for the
periodical payment of calls, it was proposed to borrow a
sum of money, under the powers of one of the Acts of
Parliament relating to this railway. The statement of
accounts showed that the receipts were, for the half-
year, 2,0961. 6s. I d., and the expenditure 1,095/ I Is. 10d.,
leaving a profit of 9981. 14s. 3d., and a nett balance of
profit, since the opening of the line to Darwen in De-
cember last, of 1,9971. 4s. 101
The report was adopted.
The directors were authorised to borrow on bond,
under the Act of Parliament, any sum rot exceeding
200,000/.
Alter some general routine business, the meeting
broke up.

SHREWSBURY AND CHESTER.
The half-yearly meeting of this company was held
on Wednesday, at the Royal Hotel, Chester ; W.
Ormsby Gore, Esq., in the chair.
The report stated that—" To complete the works of
the line foe opening throughout to Shrewsbury and to
Oswestry, including stations along the line, and the two
general stations at Chester and Shrewsbury, and to pro-
vide sufficient plant for working the present and pro-
spective traffic, there is still required, as nearly as can be
estimated, a sum of not less than 261,4431. To meet this
sum the company have provided, at the date of this re-
port, 44,9451.; the arrears amounted to 37,119/. ; and
the loans to be effected under the powers of their Act to
122,0221.; the remainder, amounting to 57,3571. requires
to be made up by further calls on the old stocks of the
company. The directors have accordingly resolved
to make an equalising call, payable on Friday, the 3d
of November, of 11. 15s. on the 201. shares ; of 11.
on the North Wales Mineral Shares of 26/. 13s. 4d.;
and of 10s. on the 131. 6s. Bd. shares, amounting
together to 49,3751. And in case loans are not ob-
tained soon afterwards, they have resolved to make a
further call, payable on Friday, the sth day of January,
of 1/ on the 261. 13s. 4d. shares ; of 15s. on the 20/.
shares ; and of 10s. on the 13/. Gs. Bd. shares ; amount-
ing together to 34,0001. They have also considered it
their duty to place the arrear list in the hands of the
company s solicitor, with instructions to recover or for
feit the shares in arrear."

The resolution having been carried unanimous'y,
The CHAIRMAN moved that 6.7501. be appropriated to
the payment of a dividend on 216,0004, at the rate of
on 161. paid, and ss. on 8/, paid.
This was also carried unanimously.
It was further agreed that the number of directors be
reduced to twelve, and their remuneration from 800/. to
600/. per annum.
Sir R. Jenkins, Mr. Dixon, and Mr. W. Wardell, were
re-elected directors, and Mr. Hill an auditor, of the com-
pany.

'he thanks of the shareholders were then unani-
mously voted to the chairman and directors, and the
meeting separated.

SHREWSBURY AND HEREFORD.
A meeting of the Shrewsbury and Hereford Company
also took place at the same hotel, Mr. Ormsby core in

COLCHESTER AND STOUR VALLEY RAILWAY.
The ort:inary half-yearly meeting of this company
was held on Wednesday at Colchester; Mr. T. L. Ewen
in the chair.
Mr. GEORGE BAWTREE, the secretary, read the report,
which stated, that daring the past half-year the works
between Marks, 'fey, and Sudbury Nava proceeded with
rapidity, and there is every reason to believe that this
portion of the line will be ready for opening during the
present year. The most important point to which the
directors have to request attention is the question of
leasing the line to the Eastern Union Company. The
existing agreement between the companies, dated June
8, 1847, the directors believe to be, and are advised to
regard as, already conclusive on both companies; but
some doubt on this point was raised by the body
of the shareholders of the Eastern Union Railway
Company, by whom the agreement was deemed ob-
jectionable on account of the large amount of
capital over which the Eastern Union Company's guaran-
tee of interest would be required to extend. Nego-
tiations have resulted in an arrangement for a provi-
sional agreement, by which the amount of capital to be
guaranteed by the Eastarn Union Company would be
considerably diminished, and the extent of your liability
consequently lessened. The Eastern Union board hav-
ing been requested by some of their shareholders to give
longer time for the consideratio❑ of this question, they
felt it necessary to postpone their intended meeting to
the 9th of October next, then to take place at Radley's
Hotel, London. The directors of this company therefore
propose to hold their special meeting in like manner,
and to adjourn it till the 17th of October next, when it
will be seen what'course the shareholders of the Eastern
Union Company desire to pursue. It is a source of
regret to the directors that owing to these circumstances
they are not now fully at liberty to explain to the share-
holders the particulars of the provisional arrangement,
which, up to so late a period, they had every
reason to hope and believe would have bee n
submitted for consideration this day. The di-
rectors express a hope that, in the meantime,
the adoption of the newly projected arrange-
ment by the Eastern Union Company will
put an end to all possibility of dispute between the com-
panies. Any other course would only leave the parties
open to the enforcement of their respective rights and
liabilities under the existing agreement, and the direc-
tors cannot but feel that an expensive and long pro-
tracted litigation would be alike undesirable for both
companies, and the directors assure the proprietors that
their unceasing efforts will be employed to bring the ar-
rangements to an amicable conclusion. The receipts
from all sources had been 108,105/, the disbursements,
103,5531., leaving a balance of 4,552/.
The engineer's report stated that the Hythe Branch
continued in excellent condition, while the cost of ma-
nagensent was very moderate. The earthworks on the
Sudbury line are drawing near to a close. Upon con-
siderable portions of the line the permanent road has
been laid and ballasted, and those portions which are
unfinished are in course of rapid completion. The con-
tractor has now engaged upon the works nearly 500
workmen, 70 horses, and a powerful locomotive engine
to ballast the line, and expedite its completion, which
will be effected early i❑ December, when it may be
opened for public traffic.
The CHAIRMAN said, that since the last meeting the
attention of the directors had been unceasingly directed
to the subject of leasing to the Eastern Union Railway,
which formed the principal topic of the report.
A SHAREHOLDER here inquired what was at present
the amount of calls unpaid.
Mr. HAWKINS (one of the auditors) said, about 11
per cent. upon the whole amount. The per tentage was
less than it was at the last meeting.
Mr. GOODHAY inquired what had been the amount of
payments since June.
Mr. BAWTREE replied, between 2,000/. and 3,0001.
A long discussion ensued, in which Mr. Walton (Mayor
of Colchester), Mr. Delf, Mr. Hawkins, Mr. Coleman,
Mr. Wayland, and other gentlemen joined. Eventually
the report was accepted.
The meeting was then made special, to consider the
leasing of the line to the Eastern Union Company, but
no business was done, and the meeting adjourned to
Monday, October 17.
A vote:of thanks to the Chairm an and the directors
closed the proceedings.

FLEETWOOD, PRESTON, AND WEST RIDING
JUNCTION.
PRESTON, Aua. 30.—The half-yearly meeting of the
shareholders in this company was held at the Town-ball
Preston, at noon to-day; Mr. T. B. Addison in the chair.
The CHAIRMAN, in submitting the report to the meet-
ing, alluded to tile disappointment which the shareholders
must feel at the rejection of their application to Parlia-
ment for their Burnley branch. There was, however,
no reason to be disheartened, and they would persevere
in their efforts to carry out their object. The report
stated that " during the past half-year considerable pro•
gress has been made in completing the first contract,
which extends from the Mandland Station to Grim-
sargh, and effects a junction between our Longridge line
and that of the Preston and Wyre. This is the most
expensive part of our works in proportion to its length,
but it was desirable that it should be first proceeded
with, to avoid the necessity of purchasing lands and
buildings at an increased price, and because this contract
is essential to the whole of our undertaking, and is im•
mediately productive of revenue by making our Long-
ridge line more efficient. In the meantime the resolution
of your directors to suspend for the present all works
beyond the first contract, if approved of by the meeting,
will relieve the shareholders from any further calls than
will be required for discharging our engagements in
reference to that contract and for our current expenses."
On the motion of the Rev. Mr. "MALEY, the report
was simply received, and the directors requested to in-
vite the assistance of several gentlemen mentioned, in
considering the subjects mentioned in it, and to report
to a future general meeting.