The Sun.
London, England, 1846-02-10 00:00:00

fw
.~w c_

___;~~-'

es :',.."4-1111M

Na. 16,689.

L()N DON,

..,tt .
ONDON, BRISTOL, and SOUTH 'WALES
a , DIRECT RAILWAY.
The Committee of Management • having fully considered th
various projects bearing upon and in connexion with this under-
taking, have satisfied themselves that it is for the interest of the
shareholders that the application for a Bill should be confined in the
present session for the line from Hungerford to Chippenham, with
the branch to Deuizes, and to postpone till the next session the
prosecuting of the remainder of the scheme, when the Aust Bridge
Company will be prepared to apply for their Act.
The petition for the above Bill was duly presented on Friday
list
last
and the Committee have the satisfaction to state that their app
receives receives the support of the Marquis ofilLansdovrne, and the Earl of
Shelburne, the Member for Caine; also Lord Ernest Bruce and Mr.
Baring, the' Members for Marlborough, together with that of Sir
Robert Burdett and other important and influential landowners ;
independently of which, petitions in favour of the measure from the
towns of Hungerford, Marlborough, and Caine, and the populous
intermediate districts, most • numerously signed by all the principal
inhabitants, will be presented to the House in the course of the
present week

The Hon. F. H. F. BERKELEY, Chairman
FRANK W. SYKES, Secretary.
liament-street, Feb. 9, 1846.

PUBLICATIO,iS.

THE GREAT BELL OF ST. PAUL'S
will strike ONE on the 22,1 of FEBRUARY.

Price Threepence.
" He cloth bestride this little world of ours like a Colossus." .
Shakspeare.
Office, 93, Fleet-street, next door to " Mr. Punch."
Advertisements to be sent to the Office at the latest on Wednesday.
Sale of first Number, s,ooo.—Third Number now ready.

U

V E R,

/
0
Pf:11 '1 :i':
--;t4lii•j(#s'
~..4t../

TUESDAY ‘s.

NORFO. K RAILWAY COMPANY.
The shareholders of this Company held their half-yearly
meeting at their offices, Guildhall-buildings, yesterday, at one
o'clock. Among those present were A. Duff, Esq., John E.
Lacon, Esq., Captain Warden, Horatio Bolingbroke, Esq.,
Captain Laurence, Samuel Anderson, Esq., R. W. Kinnaird,
Esq., G. Stephenson, Esq., directors.
A. Puss-, Esq., chairman to the directory, took the chair,
and called on the secretary to read the advertisement calling
the meeting.
The SECRETARY, at the request of thekhairman, then
proceeded to read the half-yearly report, which stated that
the revenue for passengers, goods, and cattle, for the five
months, from the 30th of July, when the line was opened
throughout, to the 31st of December, and for the one month
(July) Yarmouth and Norwich line, was 31,286/. ss. 5d.,
including the tolls for the portion of the line, leased of the
Eastern Counties Company, from Brandon to Ely. In this
sum no credit was taken for the sum due from the Post-
office for the conveyance of mails between Yarmouth and
Ely, from the Bth of August last; that, after a deduction of
torty per cent. for expenses, and a charge of 1931. 10s. per
mile, on fifteen miles and a-half, between Brandon and
Ely, there remained a sum of 15,901/. 14s. 4d., which beingsub-
ject to a charge of interest on the mortgage debt for half a year,
left 1.1,724/ 78.9 d. available for a dividend; that the directors
recommended a dividend to be declared at the rate of
5 per cent. per annum on the capital paid up, and that the
balance, including 1,9771. unappropriated ofthe last half-year's
revenue, and the amount to be awarded for conveyance of the
mails, should be carried forward to the next half-
year's account. The report further stated, that the agree-
ment being negotiated with the Eastern Counties Railway,
for ;easing the portion of the line between Ely and Brandon,
had been broken off at the wish of that Company ; that the
land for the Dereham line had almost been entirely. purchased;
that with reference to the extensions alluded to in the last
report, the only alterations which the directors had been
advised by their engineers to sanction were. the commencing
the branch to Diss, at a point nearly half way between
Attleborough and Wymondham ; extending the fine to a
junction with'the Bury and Ipswich Railway at Stowmarket ;
and the line from Reedham to Diss had been extended to
Thetford, taking advantage of the facilities afforded by the
valley of the Waveney, to the Dereham and Wells Exten-
mieniiAllat.,,the, branch to Blakeney had been added ; and
that the telliffielfiEfr nir-theintißitug.,torders in re;--
Apect of these extensions had been complied with.
It was stated that the directors had agreed to take an
interest in the line projected by an independent Company,
from Ipswich, through Halesworth, to Norwich and Reed-
ham. They had also agreed, with the sanction of the
proprietors, to lease the line, if authorised by Parliament,
from Norwich to Dereham, and from Norwich to Aylsham
and North Walsham ; and also from Thetford to Bury.
The reading of the report having been concluded,
The CHAIRMAN said that considering the circumstances
of the Company, the directors had reason to congratulate
the shareholders on the amount of revenue derived from the
traffic on the lints. Such a return .as had been reported to
them was unusual, and it had accrued to them notwithstand-
ing the great disadvantages that necessarily attended the
opening of new lines, and the want of sufficient engine power
on the Company's line. Yet if such were the return made
them in those circumstances, they had whereon to
rest the most favourable calculations for the future.
The public, he said, had complained of delays
upon the line, but he thought they could scarcely
expect that system could have yet been established on a
line just opened, where clerks, officers, and servants, of every
description weresnew ; but the directors had taken every
means to remedy the defects complained of, and he had
reason to expect that, in a short time, there would be no
ground for the complaint. Electric telegraphs would very
soon he erected on the Company's line as well as on the
Eastern Counties' line, which would tend to prevent de-
lays and accidents happening. As to the extensions proposed
by the directors, they were entirely in the power of the
shareholders to adopt, and prosecute them or not, and a meet-
ing would shortly be called by the directors at which the
proprietors would have an opportunity of considering their
merits. The Chairman moved that the report read should
be adopted.
Capt. TYNDAL seconded the resolution.
Mr. YATES said before putting the resolution he wished to put
some questions. 220,0001. worth of shares, he said, had been
allotted on the Dereham branch, and 110,0001. paid up ;
he wished to know for what purpose the other 110,000/. was
to be called up ; also, what amount of capital the Company
meant to raise by the new shares proposed in the report to
be allotted? He reminded them that by the recent Act
they were empowered to borrow 78,7501.; were they, he
asked, to raise any part of that, or the whole, by. new shares?
He thought the item 2,810/. Is. 4d. for advertising, printing,
and miscellaneous charges, and 1,744/. 2s. sd. for office
charges and salaries, were large. The 1,977/. proposed to be
carried forward to the next half-yearly account had been
raised from traffic on the Yarmouth line. He did not see
why the expenses of that line should be paid by the Norwich
and Brandon line, and therefore he thought that the 1,977/.
should be carried to the credit of the Yarmouth line, and
not of the revenue account.
Major COURT could not but agree that the items re-
marked on by the Hon. Proprietor were large.
The SECRETARY said, that they had their expenses greatly
increased by all the contingencies attendant on going to Par-
liament. The proprietors must know that that was very ex-
pensive. These expenses could not be charged out against
the Norwich and Brandon line; it was necessary therefore
that they should be carried to the capital account. However,
the amount of these for the present six months would form
no precedent of those to be incurred by the Company after
their lines had been fairly started.—(Hear, hear.)
Mr. YATES thought the expenses for the extensions, the
shares of which had been allotted more recently, should be
carried to a separate district account.
The SECRETARY said it would but create confusion and
not attain any proportional advantage.
Mr. ROSE congratulated the directors and proprietors on
the amount of return made them for the first six months.
He quite disagreed with Mr. Yates as to the items in the ex-
penses which he had thought extravagant.. He assured them
they were not so as compared with those of other Company's.
He begged to ask the directors when they expected
to have a sufficient engine power where they had complained
of a deficiency? Also, as to the leasing of the Ely and
Brandon line, why.the arrangement had been abandoned?
He wished also to know when the Ely and Peterborough
line, and when the Dereham line, would be opened.
The CHAIRMAN said that waggons and trucks
were ordered and nearly completed. As for engine.
power, they would continue to increase it, and
in the month of April they would continue
to make additions till they had twenty engines on the line.
The agreement respecting the Ely and Brandon line was one
between their own Company and the Eastern Counties, but
at the wish of that Company it had been broken off. The
receipts charged in this account Was the amount due to the
Eastern Counties for the working of that line, the arrange-
ment for which continued up to the Ist of? March. The
Dereham line would be opened in the autumn; and the Pe-
terborough line would be opened in August.
The SOLICITOR said, in answer to a Proprietor, who wished
to know why they had abandoned concluding an agreement
with the Eastern Counties for the Ely and Brandon line,
that they had no power to compel the other Company to ac-
cede to it ; and as that Company wished to withdraw, he had
advised the directors to concur.
The CHAIRMAN, in answer to another Proprietor, said that
the interest they would have in the new Company with
which they proposed joining would amount to 150,000/.
Mr. YATES wished still to know wherefore they should call
up the 110,000/. ?
The SECRETARY said the expenses of the Dereham b ranch,
on account of their throwing out branches to different dis
tricts, would, be heavy ; and as it would be necessary to erect
works at Norwich for the repair of their machinery, more
capital would be necessary, but he was sure they would see
it would be well laid out. The calls would be regulated ac-
cording to the amount required.
Mr. Mums referred to the accident which occurred on the
line in December last, and said he was glad to find that the
report of Mr. Robert Stephenson had been supported in
everything. By the report which he held in his hand, drawn
up by the head engineer of the Great North of France Rail-
way, that gentleman had come to the conclusion, which Ge-
neral Pasley had condemned, that the construction of engines
which they had adopted was in every respect preferable.
Mr. BIDDER, the engineer, in answer to an Hon. Pro-
prietor, said the length of their line was 58 miles. He said,
rea mile,tl
y he
increased
rme
aussetd remind
firehld
bceeenperg
ya Branch, ,enagnidn
ealpsoowbeyr thean and waggons,
gpornosv,isbiountstthhmeyy had
neefroeretointhgeratstations.station rhey
proper
enro
accommodationt only been completing
fi ml
bteee
l
their servants, that all of them might live on the
hadue t
ealsod a incurredline, expensesfor bh
rIlAt-hbheeeaforiieq,tasuht:Paentit3aiikrthienigr
expenses
ptehnes
essi
hxapden
iCtddmitPioannYalagopordems'iees. stationsT hcoeynstr
accommodation of farmers and those who had property along
the line. One or two of these were finished, and they in-
tended erecting five or six more. Their cattle and fish
traffic was greatly on the increase, especially the fish, and
he had to assure the proprietors that this latter traffic would
require a larger amount of truck provision than they bad
estimated. Without these expenses the line had cost
14,000/. a mile. Last week he said they had carried 1,000
head of cattle, ant 600 sheep, all of which their own engines
and trucks had brought up to London. He advised the
Company to purchase land along the line for the construction
of new stations, as other lines, which had not taken this
precaution before the land around had derived increased
value from the railway, had had to purchase afterwards at an
immense sacrifice.
The SECRETARY, in answer to some other questions, said
that the interest of 4 per cent. on the 20/. shares had not been
paid, and would not, for the sake of convenience, till the
whole of the shares were paid up. The new shares of 2/.
proposed to be allotted, were made so small that all the
shareholders might have a portion.
The CHAIitIsIAN then put the resolution to the meeting,
and it was carried unanimously.
It was moved by the CHAIRMAN, and seconded by Mr.
Casn—That the dividend of 5 per cent. on the capital paid
up, should be declared, according to the following propor-
tion :—Ten shillings per share on the Yarmouth and Norwich
201. shares; seven shillings and tenpence per' share on the
Yarmouth and Norwich new shares, 17/. paid up ; seven
shillings and threepence per share on the Brandon shares,
upon which 161. is paid ; and ninepence per share, on the
10/. New Brandon shares; which was carried unanimously.
It was moved by the CHAIRMAN, and seconded by Mr.
LAcoN, that the directors should be authorised to raise
78,750. by, allotting 79,552 new shares, at 21. each. It was
carried unanimously.
A Proprietor then moved the re-election of the retiring
directors, viz. Adam Duff, Esq., John E. Lacon. Esq., and
Sir William Foster, Bart., which was carried unanimously.
The auditors of the Company were then re-elected, mid a
vote of thanks having been moved to the Chairman, the
meeting separated.

[ADVERTISEMENT.]—AN EXTRAORDINARY RETURN
OF HEALTH IN A FEW DAYS ET THE USE OF HOLLOWAY'"
PILLS.—The patient having previously been in an ill-state for
siz years, Mr. Benjamin Hawkins, employed in the ironworks.
and well known at the Crown and Cushion, High Bullen, Wed
nesbury, Staffordshire, had, to use his own phrase, been a sad
afflicted creature, and that no one but God and himself knew
what he suffered from aches and pains in all his joints and shins,
likewise from a disordered liver and stomach, with scarce];
strength sufficient to keep about ! Here again have Holloway's
Pills restored to health an individual labouring under the most
complicated diseases.—Sold by all Druggists, and at Professo
Holloway's Establishment, 244, Strand.
The accounts received yesterday at the Noble Lord's
residence, in Dover-street, state that Lord Alvanley continues se-
verely indisposed, and we regret to state that faint hopes are enter-
tained of his Lordship's ultimate recovery.

grk , ,02, .6 1
{it, 44.1. - • i
P.,- ,
v., . . - ,)N.‘,J• ~
~ ~, -„, .......,,,...
(.--- `'l., I-0-- 11'• ' • i',C'sl;:r—iz---' in
+1 _1