The Sun.
London, England, 1846-08-28 00:00:00

pears to me that the observations that have fallen from
our worthy Chairman, as well as the report which has
been real by the secretary, are as satisfactory as could
by possibility, under the circumstances, be anti•
cipated.—(Cries of "hear, hear.") It appears that the
directors have had a very hard battle to tight, and that
they have been very successful in thathattle. Gentle-
men, there is a certain animal that is said to have nine
lives—(Laughter)—aial, so in this case, there were nine
competing lines with which our directors had to con-
tend, and of theSe eight are actually and finally disposed
of, if I understand the report correctly.—(Applause.)
Mr. BAXTER—That is perfectly correct.
Sir J. DonsoN—And with respect to the remaining
one, though it survives, if I understand the report cor-
rectly, in one half, or moiety of it, we are interested.
The arrangement that has b.en made gives us an it.-
terest in one side of our line, or border ; and upon the
other we have an absolute interest, and the only matter
that remains is to get these two lines, and there seems
to be very little doubt that we shall Lie able in the ensuing
session of Parliament to obtain a Bill to carry that into
effect. I think, therefore, that lam entitled to say that
the report is highly satisfactory, and for that reason
I shall take leave to move that it be adopted, and the
terms in which I shall move its adoption are these—
" That the report be adopted, and that the provisional
directors be authorised to take steps for the immediate
prosecution, in the next session, of such further applica-
tions to Parliament as they may think advisable, and
generally to treat with any other companies or parties
upon any matter which in their judgment they may con-
sider beneficial to the interest of the shareholders."
Gentlemen, I shall place perfect reliance in the directors,
and I think that the majority at least of us who are here
assembled will take the same view of the question.
Captain LANIER seconded the resolution, which was
put and unanimously carried.
In reply to a SHAREHOLDER,
The CHAIRMAN said—No further deposits will be
required for the next session of Parliament.—(Bear.)
Mr. KITCHINOR—I beg to move a vote of thanks to
the directors for their honest, zealous, discreet, and
proper conduct to the present time—(Cheers)—which I
am sure convinces the meeting that their subsequent
conduct will be worthy of the confidence of the share-
holders generally.—(Cheers )
Mr. CARDEN having seconded the resolution, it was
put, and unanimously carried amid loud cheers. In re-
sponding thereto,
The CHAIRMAN said—Gentlemen, on the part of my
colleagues and myself, I return you our most grateful
acknowledgments for your kindness in looking upon our
exertions in the way that you have done. You may rely
upon it that our future exertions will be stimulated by
your kindness on this occasion. I have given indivi-
dually twenty months hard work to this line—(Cheers)
—almost without being absent a day, and I have been
assisted by other gentlemen who have been equally in-
terested with myself in the success of this undertaking;
and we now beg to return you our most grateful thanks
for the great kindness which you have manifested to-
wards us on this, as well as every other, occasion.
The meeting then separated.

SLIGO AND SHANNON RAILWAY.
The first general meeting of the proprietors of the
above undertaking was held yesterday afternoon, at Win-
chester House, Old Broad-street, when the usual routine
business of a first general meeting, namely, the appoint-
ment of directors and a secretary, was gone through.
The receipts were stated to be 4,8541. 45., and the ax-
pcnditure was 2,3761. 2s. I ld. The liabilities of. the
Company did not exceed 3001. The remuneration of
the directors was fixed at 300/. per annum, and the
secretary's salary at 250/.

WHITEHAVEN AND FURNESS
JUNCTION RAILWAY.

The ordinary half-yearly meeting of this Company
was yesterday held at the offices of the Company, No. I,
Guildhall Chambers, Basinghall•street, London.
The chair was taken at one o'clock precisely, by
James Clay, Esq.
The SECRETARY having read the advertisement con-
vening the meeting, proceeded to read the report, of
which the following is an abstract :
" The progress which the directors have to report
during the past six months is less than they were led to
expect, and is owing to the unprecedented difficulties
with which they have had to contend in obtaining pos-
session of the land.

"They have, however, within a short period,completed
the purchase of the land for upwards of thirteen miles
of the line, and upon this portion the works are in
progress.
" Within the next few weeks nearly the whole of the
remainder of the land will be obtained, as the difficulties
in making the arrangements have been mainly overcome
in the effect of the purchases just completed.
" Arrangements have also been made for the imme-
diate commencement of the heaviest portions of the
earthwork and masonry at various points on the line.
" The timber for the Duddon viaduct having been
contracted for, and the plans decided upon, this important
part of the works will be at once commenced.
" An agreement has been concluded with the Fur-
ness Railway Company for the use of their line, which
has access to extensive spoil banks, which the directors
have power to remove, and which will materially facili-
tate the speedy completion of the eat thwork of this por-
tion of the line.

" A contract has been made, on advantageous terms,
for the purchase of the rails, and the delivery thereof
will be made as required.
" The directors have to announce, that, during the
present session of Parliament, the royal assent has been
given to an Act authorizing a deviation of the line near
Kirksanton, by which a considerable saving of expense
will be effected, and the line be improved; and the Act
also enables the Company to make an extension from
the Whitehaven terminus to a junction with the White-
haven and Maryport Railway, thus opening an impor-
tant and direct communication with Scotland and the
north of Ireland, as well as with Newcastle and the
north-eastern districts, to complete which this was the
only link remaining to be sanctioned by Parliament.
" The traffic is greatly increasing in connexion with
the port of Whitehaven; and looking to the increased
facilities which it will derive from the construction of
this line, the directors are unchanged in their opinion
that the Whitehaven and Furness Line will give ample
remuneration to the shareholders for the comparatively
small expenditure required to complete the line.
" The rejection by the Standing Order Committee of
the Bill for the proposed Lancashire Extension, has
been already announced to the shareholders, as also
the dissolution of the rival 'company, by whom the
opposition was originated and supported.
"By the company's Act of this session the directors
are empowered to pay interest on the calls until the
opening of the line. This the directors propose to do at
the rate of four per cent. on the deposit and calls already
paid; and the first half-yearly payment of interest will
be made on the sth day of January next. No share-
holder will, however, be entitled to interest upon
deposit and calls so long as a call on any share regis-
tered in his name remains in arrear."

The following statement of receipts and expenditure
up to 30th June last was also laid before the meeting:—
Dr. X. s. d.
To Amount expended to 31st Dec., 1845 8,799 0 7
To Amount expended to 30th June, 1846 :
Engineering and surveying £325 16 8
Parliamentary expenses, on
account
Directors 3OO 0 0
Rent of Offices
Advertising
Stationery and Printing 6O 3 2
Secretary and Clerk's Sala-
ries, and Office Expenses 214 3 8

1,491 4 7

10,290 5 2
Balance 56,655 2 1

Cr. £66,945 7 3
By amount received to 31st Dec., 1845 £50,757 9 0
By amounts received to 30th June,

1846 :
On account of first call on
2,321 shares £6,963 0 0
On account of second call on
4,543 shares 9,086 0 0
Interest
Transfer fees
16,187 18 3

£66,945 7 3

Deposited with London Joint Stock Bank
at. Interest
Cash at Bankers 11,655 2 1

£56,655 2

The report was then received and adopted, after a
short discussion, which arose on the subject of the slow
progress of the works on the line.
Some discussion then arose upon the non-payment of
the calls, of which there were 4,149 defaulters on the
first, and 12,507 on the second call, which ended in
Mr. LEVY moving a resolution to the effect, " That a
circular be sent to all those persons who had not paid
their calls, informing them that if all arrears were not
paid up by the 15th of October, legal measures should be
taken to enforce the same."
Mr. WAY LEY seconded the resolution, which was car-
, ried unanimously.
It was then proposed that the Earl of Lonsdale, Peter
Fisher, Esq., James Clay, Esq., Stephen Philips, E,q.,
and Matthias Atwood, Esq., be elected as directors of the
Company.
Mr. BURT moved, as an amendment, that three gen-
tlemen, Mr. Hones, Mr. Ballantine, and Mr. Harling,
shareholders of the Company, be nominated, in conjunc-
tion with the Earl of Lonsdale and James Clay, Esq., as
directors of the Company.
Mr. LEVY thought it not very business-like to propose
parties to the meeting of whom they knew nothing.
After a somewhat stormy discussion, Mr. Burt refus-
ing to withdraw his amendment, a scrutiny of votes was
taken, when there appeared—
For the amendment 240
Fur the original resolution
Majority —26o
_

Two auditors were appointed, a vote of thanks was
given to the directors and the chairman, and the meeting
broke up.

LYNN AND ELY RAILWAY
COINIPANY.

The half-yearly meeting of this company took place
yesterday at the London Tavern ; Sir W. Folkes in the
chair.
The following report was read:—
" The directors have every reason to believe that they
will be able to open for traffic the portion of the line be-
tween Lynn and Downham—a distance of 11 miles—in
the course of next months The contractor has engaged