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

`THE SUN, LONDON,_FRIDAY MORNING, AUGUST 28, 1846.

,
to finish the portion of line between Ely and LitfiTort—
a distance of 4 miles—by the 30th of November next,
and there will then remain a length of about 6 miles,
which would be finished at the same period as the rest of
the line, but for the works connected with the rivers
Ouse and Wissey.
" In pursuance of the provisions of the Act of In-
corporation, and of the resolutions of the special general
meeting of proprietors, held on the 17th day of June
last, the directors have proceeded to borrow money upon
debentures, in lieu of making, for the present, any
further calls upon the proprietors.
" The proprietors will recollect that the directors were
authorised, by a special meeting, to apply in the present
session for three Bills, viz.:—
" Ist. A Bill for amalgamating this company with the
Ely and Huntingdon and Lynn and Dereham Railway
Companies.
" 2d. A Bill for extending the Wisbech Branch to
March.
3.1. A Bill fur extending the Wisbech Branch to
Spalding. •
"With regard to the first-men! ioned Bill, the direc-
tors would refer the proprietors to the following para-
graph in their report to the half-yearly general meeting,
held on the 26,h day of February last :
" ' The Bill for amalgamating this Company with the
Lynn and Dereham and Ely and Huntingdon Rail-
way Companies, has also been introduced into the
House of Commons. As, however, the amalga-
mation was not agreed upon until the 31st of
December last, the Parliamentary notices for the Bill
could not be given until after the time prescribed by the
standing orders had expired. The Standing Orders'
Committee have therefore necessarily reported to the
House this non-compliance with their regulations, but
there is every reason to hope that, as the Bill affects no
interests but those of the proprietors in the respective
companies, the Select Committee, to whom this Bill has
been referred, will recommend that the standing orders
be in this case dispensed with.'
"The Select Committee, contrary to the sanguine ex-
pectations of the directors, declined to recommend that
the standing orders should be dispensed with, and the
Bill was therefore lost for the present session. The
directors will, however, take care that proper steps are
adopted in the next session for bringing in a Bill for an
amalgamation—a measure essential to the interests of
the three companies.
" The Bills for the extension lines to March and
Spalding passed through the Standing Orders' Com-
mittee of both Houses of Parliament, and through all
their stages in the House of Lords.
" The Bill for the extension to March was withdrawn,
in pursuance of an agreement entered into by the direc-
tors with the promoters of the Wisbech, St. Ives, and
Cambridge Railway, and the Eastern Counties Company,
as the purchasers of that line, by which agreement the
use of that line is secured to this company upon advan-
tageous terms.
" The Bill for the extension line to Spalding was most
unexpectedly rejected by the Committee of the House
of Commons, although strenuously supported by the
Eastern Counties Company, with whom the directors
had entered into most satisfactory arrangements with
regard to the line.
" The lines from Manchester by way of Buxton, Mat-
lock, Ambergate, Nottingham, and Grantham to Spal•
ding, having received Parliamentary sanction in the
present session, the necessity that exists for filling up
the gap between Spalding and Wisbech, and thus com-
pleting a direct communication between Norwich and
Manchester becomes more than ever apparent, and this
subject will receive the serious and careful consideration
of the directors.
" The cash accounts to the 31st of July last have been
submitted to, and approved by the auditors."
The following is a statement of the cash account:—
RECEIPTS.

Shareholders for calls

Ditto for interest on calls

Ditto for calls paid in advance
On debentures

mission to proceed, the whole of the line betweon Lynn
and Dereham may be opened throughout early in the
autumn of next year. " J. S. VALENTINE."
The report was moved, seconded, and carried unani-
mously.
A vote of thanks was then passed to the Secretary,
and the meeting separated.

ELY AND HUNTINGDON RAIL-

WAY.
The half-yearly meeting of this Company took place
yesterday at the London Tavern; Henry C. Lacey, Esq.,
in the chair.

Similar reports to the preceding were adopted unani-
mously by the meeting.
In consequence of the passing of the London and
York Railway Bill, the Company have obtained an Act
authorising the raising, by the creation of new shares, an
additional capital of 120,0001. These shares will not be
issued without the sanction of the Company.
The meeting then separated.

WELSH ?MIDLAND RAILWAY.
(FRON A CORRESPONDENT.)
We understand that in consequence of some aspersions
on the character of the Welsh Midland direction, pub-
lished in one of the railway papers, a deputation, con-
sisting of Mr. Maubert, Chairman of the Committee of
the Railway Department of the Stock Exchange, and
Mr. Mathey, attended by appointment on Tuesday last
at the offices 17, Park•street, Westminster, officially to
investigate the state of the accounts, and to inquire fully
into the circumstances of the Company.
These gentlemen were received by Mr. Pritchard and
Mr. Baxter, the secretary and solicitor of the Company,
and an elaborate statement of the receipts, expenditure,
and liabilities, were unreservedly laid before them, and
fully explained in every particular.
The result of this interview was so entirely satisfac-
tory to the deputation, that they declared their continued
confidence in the honour and integrity of the board, and
assured the solicitor and secretary of the Company that
they should advise the Stock Exchange to fall in with
the views of directors, and continue to confide in their
management.

RAILWAY SHARE MARKETS.
EXETER, AUGUST 26.

STOCK EXCHANGE.—The sales are—Bristol and Exeter, Thirds,
WA—Exeter and Crediton, dis.—Devon and Central Cornwall,
[lA—South Wales, 4.
MANCHESTER, AUGUST 26. _

STOCK EXCHANGE.-The sales are-Ambergate, Nottingham, and
Boston, % c. dis.-Blackburn, Clitheroe, &c., 1 dis.-Boston,
Newark, and Sheffield, 13-16 dis.-Boston, Stamford, and Bir-
mingham, 12s. c. dis. -Eastern Counties, York Extension, 1 11-16
p.-East Lancashire. S 9-16 p.-East Lincolnshire, % dis.--Fleetwood,
Preston, and West Riding, % dis.-Glasgow and Dumfries, % dis.-
Goole, Doncaster, Sheffield, Sec., c. dis.- Grand Union, 14s. dis.
-Huddersfield and Manchester Railway and Canal, 1% p. -Ditto
Extension, l p.-Lancashire and North Yorkshire, dis.-Leeds
and Thirsk, dis.-Liverpool, Ormsklrk, and Preston, 3% p.-
London and York, 4 dis.-Manchester and Leeds Fifths, 8 p.-Man-
chester and Southampton, 18s. 9d. dis.-Midland Railway Consols,
401. Shares, 13 p.-North Eastern, 14 dis.-North Western, 3-16 p.
-Nottingham and Mansfield, ?,fi p.-Oldham, Birkenhead, &c., 20s.
c. dis.-Preston and Wyre, Halves (B), 3a p.-Sheffield and Man-
chester, Quarters, No. 1, 4 p.-Shrewsbury and Herefordshire, %
dis.- Shropshire Union Railway and Canal, dis.-South Mid-
lands Junction, 16s. dis.-South Staffordshire Junction, par-Trent
Valley, Midland, &c., par-West Lancashire Coast, 15s. 6d. dis.-
Whitehaven and Farness, 24, dis.
LEEDS, ArGraT 26.
STOCK EKCHANGE.-The sales are-Eastern Counties, York Ex-
tension, 335. p.-East Lancashire, B'y's p.-Great Grimsby and Shef-
field Docks, IN dis.-Huddersfield arid Manchekter, 1/. 18s. 9.1.-
p.-Huddersfield and Sheffield, 6% p.-Leeds and Bradford, 42 p.
-Leeds and Dewsbury, 3% p.-Ditto, Branches, 1% p.-Leeds and
Think, 3/. 14s. dis.-Ditto, New, 3 dis.-North British, Carlisle
Branch, 575. p.-Wakefield, Pontefract, and Goole, 11% p.-Ditto,
New, 5% p.-Boston, Stamford, and Birmingham, I4s. dis.-Cli-
theroe Junction, 16s. dis.-Direct Northern, 17s. dis. -Grand Union,
13s. dis.-Lancashire, Yorkshire, and North Eastern, 1% dis.-
Leeds, Wakefield, and Midland, 16s. dis.-Leicester and Birming-
ham, 17s. 6d. dis.-Leicester and Bedford, 9s. 6d. dis. -Liverpool,
Onnskirk, and Preston, 3% p.-London and Manchester (Rem.),
dis..-North Western, 4s. 6d. p. -Shropshire Union, 9s. dis.-
Welsh Midlands, 345. db.-West Riding Union, 41. 19e.-York and
Carlisle, 365. 66. dis.

TAFF VALE RAILWAY.

BRISTOL, WEDNESDAY.—The half-yearly meeting of
the proprietors in this company has been held at the
White Lionln this city. There was a numerous attend •
ante of proprietors. Slr J. J. Guest, chairman of the
board of dirt c.org, presided.
The Secretary, Mr. KVWAY, read the retort, which
stated that the directors were pleased at having it in
in their power to recommend a dividend of 61. 3s. per
share (less Id. on each original share), and that the
sum of 4591. be carried to the fund for the depreciation
of stock. Though the accounts showed a slight decrease
in the gross receipts in the half-year, as compared
with the last, yet it should be observed that the
receipts of these six months exceeded the corresponding
six months of 1845 by the sum of 4,7711. I Is. 6d. The li
bridges and remaining part of the double line are in a
great state of forwardness, and should the traffic re-
quire it, may be completed before the end of the year.
The extension of the Rhondda branch to the colleries of
Messrs. James and Messrs. Insole and Son is now
finished. The Bill for the extension of the branches up
the two Rhonddas and for enabling the company to
complete their arrangement with the Marquis of Bute
has passed both Houses of Parliament, and only awaits
the royal assent. The directors congratulate the com-
pany on a final and satisfactory settlement of all
questions with the Marquis of Bute, by which extensive
accommodation for the speedy shipment of coal, at fair
rates, will be afforded, and such as no other port in the
Bristol channel can offer to the public. The retiring
directors are Messrs. W. Coffin, H. Rudhall, and R.
Jones, who are eligible for re-election.
The CHAIRMAN had little to add to the report, but
he must take the opportunity of congratulating them
upon the great amount of traffic which would be brought
upon the Taff Vale Railway by the formation of the
Aberdare line. Some were sanguine enough to expect
as much as 2,000 tons a day, but the directors calcu-
lated on as much as 600 tons a day.
Mr. HUTCHINGS, M.P., asked what expense had been
gone to in opposing the Vale of Neath line, and whether
the committee, who had proceeded to London respecting
it, were authorised by the directors ?
The CHAIRMAN replied that the expense occasioned by
the opposition was about 1,5001., and
The SECRETARY read the minutes of the directors'
meeting, from which it appeared that the chairman, de-
puty-chairman, and three other directors, had been ap-
pointed as a Parliamentary Committee, to attend to all
the Parliamentary business connected with the company.
Mr. J. PRICE said that dissatisfaction was felt by many
proprietors about the opposition, and he should be glad
to have some explanation of the circumstances.
Mr. POOLE (one of the directors) said, that if the
directors had not opposed the Vale of Neath line they
would not have been any longer entitled to the confi-
dence of the proprietors.—(Hear, hear.) The Vale of
Neath line was put forward as a competing line with
the Taff Vale Railway, and Mr. Fisher, who prepared
the traffic tables, relied on much of the traffic now car-
ried by the Taff Vale line being taken by the Vale of
Neath line.—(Hear, hear.) Further, their station at
Merthy, was to have been crossed by the Vale of Neath
line at a height of thirty-five feet, and the only approach
to it would have been by one arch.
Mr. HUTCHINGS condemned the expense as useless.
He did not think that the Taff Vale Railway would
suffer a loss of traffic.
One or two of the proprietors vindicated the conduct
of the directors in opposing the Bill.
• In answer to a question put by Mr. J. PRICE,
The CHAIRMAN said that the negotiation fur leasing
the Aberdare line had only just been commenced, and,
therefore, nothing definite could be stated. The sub-
ject, before any step should be binding was taken, would
be submitted to the consideration of the proprietors at
large. He would mention, however, that there was an
amicable feeling existing between the directors of both
companies.
Resolutions adopting the report, and declaring a divi-
dend of 31. 3s. per original share, were then passed.
Messrs. W. Coffin, H. Rudhall, and R. Jones were
i re-elected directors.