The Sun.
London, England, 1846-02-04 00:00:00

A T a SPECIAL GENERAL MEETING of
the PROPRIETORS of the ABERDEEN RAILWAY COM-
PANY, held within the Royal Hotel, Aberdeen, on Wednesday, the
21st day of January, 1846,
THOMAS BLAIKIE, Esq., Lord Provost of Aberdeen, in the Chair ;
The advertisement calling the meeting having been read, the fol-
lowing report was presented by the Directors :
The Directors have called the present meeting of the Proprietors
for the purpose of submitting to them, for their sanction, an agree-
ment now on the table, entered into between them and the Directors
of the Arbroath and Forfar Railway Company.
_ _ _ _

By this agreement, the Arbroath and Forfar Company undertake
to lease, in perpetuity, to the Aberdeen Company, the Arbroath and
Forfar Railway, including the whole property and plant connected
therewith, at the rate of N. ss. per centum per annum on the whole
cost, and one-half of the surplus profits of the line, after deducting
thirty-three and one-third per cent, for working expenses, the Aber-
deen Company having the option of taking the average profits of the
first five years after the opening of both lines throughout, as the
rule of payment, so far as regards the profits, in all time thereafter;
and in the event of such option being taken, the Arbroath and Forfar
Company is then to merge in the Aberdeen Company, and the Aber-
deen Railway shall be held to extend from the city of Aberdeen to
the towns of Arbroath and Forfar.

The Arbroath and Forfar Company undertake to alter the gauge
of the Arbroath and Forfar Railway, so as to correspond with the
proposed gauge of the Aberdeen Railway, to alter their engines,
carriages, and waggons, to suit the new gauge, and to lay down a
double line of rails throughout, all under the superintendence of the
Aberdeen Company's engineer.
The lease to commence on the 2d day of February, 1848, or as
soon thereafter as the alterations sheep mentioned shall be com-
pleted.

The Directors have much satisfactien in submitting this agree-
ment, by which, if sanctioned, you will attain the entire manage-
ment and control of the Arbroath and Forfar Railway, which the
Directors have always considered of the highest importance for your
interests, as affording a key to the Scottish Midland, Central, and
Caledonian Railways on the one hand, and to the Dundee and
Arbroath, Dundee and Perth, Edinburgh and Northern, and North
British on the other, and which, in the hands of any other party,
Iritgbe be rntide to affect prejudicially the efficient working of the
Aberdeen line.

The length of the Arbroath and Forfar Railway is 15U miles, the
present capital is 142,0001., and will, when the alterations referred to
in this report are completed, be about 180,00 e/. The free revenue of
the line is already equal to four per cent. of the present capital, and
when the large increase of traffic consequent upon the opening of the
railways south and north, the facility and economy with which the
Aberdeen Company will be enabled to work the Arbroath and Forfar
line, and the other inducements already referred to are considered,
the Directors have no hesitation in recommending the agreement now
submitted as a measure of the highest importance for your interests,
at the same time that it is one equally desirable and advantageous
for the Arbroath and Forfar Railway Company,
(Signed) THOMAS BLAIKIE, Chairman.
The following resolution was then moved by the CitAnuissi
seconded by JAMES HADDEN, Esq., and unanimously adopted :—'

- -
That this meeting approves of and confirms the agreement entered
into by the Directors, for the lease of the Arbroath and Forfar
Railway, and authorises them to take all necessary steps for the
completion of the same

THOMAS BLAIKIE, Chairman,
N. T. CHRISTIE, secretary.