The Sun.
London, England, 1846-08-11 00:00:00

MINGHAM RAILWAY COMPANY.

Sir,—As the holder of Scrip for shares in the above
Company, sent herewith, I hereby claim to be altered on the register
of the Shrewsbury and Birmingham Railway Company, as the pro-
prietor of my proportion of the stock of that Company, under the pro-
visions of the Act incorporating the same.
• No. of Shared.
Scrip for I Share, Nos.
Scrip for 5 Shares, Nos.
Scrip tor 10 Shares, Nos.
Scrip for 20 Shares, Nos.
Total,
Name in full .• .. •. • .
Address ..
Profession or Business ...... • • • • • • • • •
Date

WELSH MIDLAND AND BRECON AND
MERTHYR RAILWAY COMPANY.

NOTICE TO SHAREHOLDERS,

The Provisional Directors have regretted their inability to make
an earlier announcement to the Shareholders of the Welsh Midland
and Brecon and Merthyr companies, but they found it impossible in
the first instance during the buiy season of the session of Parliament
to get in the accobnts, and when the accounts were received, it be-
came necessary not only to investigate them, but to negotiate for a
reduction of their amounts—the arrangements into which these
Companies had entered with other companies also rendered further
negotiations necessary, and it was, moreover, obviously impractic-
able to suggest any plan for future operations until it should be as-
certained which of the various lines projected in the district would
be ultimately sanctioned by Parliament.
The result of the present session has been, that the Shrewsbury
and Hereford Railway, and the Newport, Abergavenny, and Hereford
Railway are the only Roes sanctioned by Parliament, connected with
the Welsh Midland District.
These lines complete an unbroken railway route from Newport,
on the Bristol Channel, to Birkenhead and Liverpool. The various
other lines, which competed for this occupation of South Wales,
have all been rejected.
The Directors have the satisfaction to state that they have, by
agreement, secured an interest to the extent of one-third of the
capital in the Newport, Abergavenny, and Hereford Railway ; this
interest is equal to 9,000 shares of 251. with 21. 108. paid, which will
be apportioned amongst the Welsh Midland and Brecon and Merthyr
Shareholders in proportion to their interest in those undertakings.
Other negotiations are in progress which may issue in securing
some further advantages. If such should be the case, the directors
will immediately give a further option to the shareholders, but they
do not think it right to delay this announcement. .

The Parliamentary struggle has closed too recently to allow ar-
rangements to be perfected between the several companies interested
in railway accommodation to South Wales. There can be no doubt
but that the interests of the Newport, Abergavenny, and Hereford,
and of the Shrewsbury and Hereford lines will lead them to promote
an Extension from Hereford to Swansea; whilst the London and
Birmingham and Midland Companies will equally desire the same
communication, extending the narrow gauge in connexion with their
trunk lines.

Before, however, entering Into any binding engagements, or incur-
ring any expense for promoting In the next session a line from Here-
ford to Swansea, the Directors considered it due to the Welsh
Midland and Brecon and Merthyr Shareholders, to give to every
one the option of withdrawing, before they transferred his interest
into the new Company.
. .

In ascertaining the amount of expenses incurred by the Welsh
Midland and Brecon and Merthyr Companies, many accounts are
still unavoidably under negociation. The Directors can only at pre-
sent return 15s. per share on the Welsh Midland, and 7s. 6d. per
Share on the Brecon and Merthyr, and will not be able, until the un-
settled accounts are disposed of, to ascertain the further balance to
he divided ; they are, however, assiduously devoting themselves to
this work, so as to wind up the affairs with the utmost dispatch and
economy. _ _ _

To enable the Shareholders freely to exercise their opposition, the
Welsh Midland Company and the Brecon and Merthyr Company,
have been duly dissolved under the powers of dissolution contained
in the Subscribers' agreements, and the Directors request before the
Ist of September to be put in possession of the wishes of each Share-
holder on the following options :
lst.—To exchange one Welsh Midland, or two Brecon and Mer-
thyr shares, for one Newport, Abergavenny, and Hereford Railway
share upon which 21. 10s. has been paid, to the extent of his propor-
tion, being credited ss. beyond the 21. 10s. towards the future calls.
2d.—To transfer the remaining shares into a new Company far
promoting a line from Hereford to Swansea.
3d.—To receive back the 15s. per share on each Welsh Midland,
and 7s. Gd. per share ou each Brecon and Merthyr share, with such
further sum as may hereafter accrue.

Each Shareholder is requested to fill up and return the subjoined
circular, accompanied by his Scrip, and a receipt for such Scrip will
be forwarded to him in course of post.
3iily order,
THOMAS PRITCHARD,
Secretary of the Welsh Midland Railway.
JOHN TAYLOR,
Secretary to the Brecon and Merthyr Railway.
To the Secretary of the Welsh Midland, or Brecon and Merthyr

Railway Companies.

I, being a holder of shares in the Welsh Midland, or Brecon
and Merthyr Railway Companies, beg to enclose you my Scrip for the
same and to notify-
-Ist—That I

wish to take

shares (or any

greater number to which I may be rateably entitled), in the
Newport, Abergavenny, and Hereford stock, on the terms of
exchanging one Welsh Midland share, or two Brecon and
Merthyr shares for one such Newport and Hereford; and I
hereby undertake to sign the deeds of that Company, and to
register as a shareholder thereof.
2d.—That I wish to transfer my remaining

shares in the Welsh Midland and Brecon and ➢ierthyr
Companies into the new Company for promoting a Railway from
llereford to Swansea.
3d. That I
expended upon my
them to the new Company

wish to receive back the balance un-
Shares, instead of transferring

I remain, Sir,
Your very obedient servant,

17, Park-street, Westminster.
August 7, 1846.