The Sun.
London, England, 1841-12-27 00:00:00

adopt under these circumstances? ,Though it might
be a question, whether, if they were starting de
novo, the advantage of the water communication
would be such as to justify the expenditure they
must incur in extending their line to Hunt's Bank ;
but in the position in which the Company stood,
it was a fair question to consider whether it might
not be to the interest of the Company, and might
not ultimately bring about the communication they
wished to establish, if the Proprietary should acqui-
esce in the Directors proceeding with the junction.
He did not present that as a resolution at which
the Board had arrived without great difficulty, or
as one of a very satisfactory nature, but he believed
it to be the most satisfactory conclusion which they
could come to under the circumstances. The
communication by water had certainly increased
very much of late ; and there was the advantage of
goods being carried by night, by which the time con-
sumed might be said to be almost neutralised. Looking
at the capability of the river for extension and improve-
ment, and looking at the effect which, it would have on
the navigation if this Company decided on making the
proposed extension, he thought the arguments decidedly
preponderated in favour of such a course. The Board
had anxiously considered the subject, and had come to
that decision. They wished, however, to throw the
question upon the Proprietors, believing that they would
deal with it in the way they thought best.. They should
be glad to give any further information in their power ;
but he thought there would be no advantage in further
delaying tFe matter.

Mr. MARSHALL, of Preston, submitted a motion, au-
thorising the Directors to proceed with the formation of
the extension line. The motion was seconded by Mr.
JAMES HEALD.

In answer to questions from Mr. PEASE, of Dar-
lington, the CHAIRMAN said that Mr. Gooch's esti-
mate of the cost of completing the line, in the most
perfect manner, as originally contemplated was 124,000/.
for his part of the works. Upwards of 30,0001. had
been already expended in land, and it was estimated
that nearly 40,000/. more would be required ; the to-
tal amount being about 200,0001. By a more recent
and economical estimate, the total cost might be
brought within 160,0001. or 170,0001., on the suppo-
sition that the buildings they were then in were made
suitable for a station. Of this sum, 30,0001. had al-
ready been paid for land ; so that the difference in ex-
pense, between remaining as they were and completing
the extension, would only be 120,0001. or 130,000/.
Mr. J. FIELDEN wished to pledge the Directors to
adopt the lowest estimate, but the feeling of the meet-
ing was against their being fettered ; and the motion
was put and unanimously carried.
After a lucid statement from the Chairman, of the
circumstances under which the Company were asked to
join in a guarantee to the Shareholders of the Northern
Union Railway, from Darlington to Newcastle,
Mr. JAMES HEALD moved that the Company should
join in the guarantee to the extent of 2,0001. a year,
on certain conditions recommended by the Directors,
the principal being that the cost of the railway should
not exceed 500,0001., that six per cent. should be gua-
ranteed to the Shareholders for ten years, and that the
overplus of the receipts should be divided amongst the
Companies furnishing the guarantee.
Mr. HUMFHRIES seconded the motion.

Mr. J. FIELDEN strenuously opposed the proposi-
tion, contending that it was an infraction of liberty for
the Company to bind the whole of their members in a
guarantee ; and declaring his intention to give it all the
opposition in his power when the Northern Union
Company came before Parliament for an Act to sanc-
tion such guarantee.
After a protracted discussion, the motion was put,
and carried with only two dissentients.
At the close of the business, W. Entwisle, Esq.,
read a statement showing that the net revenue of the
Company, from the Ist of July to the end of the pre-
sent year, would amount to 116,000/. The expenses
of the six months, including the half-year's salaries,
would be 40,0001. ; the interest to loaa-holders, minus
the interest on the banking account, would be 31,000/. ;
making a total of 71,000/. of out-goings, and leaving a
balance of 45,0001. net proceeds. Dividends of three
per cent. on the old and the half shares, and of ten per
cent. for three months on the quarter shares, would re-
quire 40,000/. ; leaving a surplus of 5,000/. out of the
half-year's proceeds, as a depreciation fund, without
touching any of the previous earnings.---(Applause.)
Thanks were then voted to the Chairman, and the
proceedings terminated, after occupying three hours
and a half.

NAVAL INTELLIGENCE.
(From the HanapshireTelegraph.)

PORTSMOUTH, DEC. 25.---LThe Snake, 16, 'Commander
the Hon. W. B. Devereux, arrived on Sunday from Chat-
ham, and will sail on Wednesday next for the Mediterra-
nean (touching at Plymouth), to relieve, the Wasp, 16,
Commander the Hon. 11. A. Murray.
The Queen, 110, Captain Rich, will go out of harbour
on Thursday, in tow of the Vixen steam-frigate, ordered
round from Woolwich for that purpose.
The Isis, 50, Captain Sir John Marshall, at Plymouth,
is under orders for the Brazils.

The Thalia frigate is daily expected at Spithead from
Leith.

The Camelion, 10, which had sailed from the Cape of
Good Hope for China, put back there on Sept. 2, having
been damaged in a gale of wind.
The Warspite, 50, Captain Lord John Hay, is to es-
cort to England his Majesty the King of Prussia, on his
approaching visit to this country, on the occasion of the
christening of the Prince of Wales, to whom his Majesty
will stand as sponsor. It is understood that the Thalia.
and Volage will also form part of the escort. The War-
spite is ready for sea.
The Formidable. 84, Captain Sir C. Sullivan, is or-
dered to be expedited at Chatham, to proceed to the
Mediterranean, calling at Spithead.
The Seringapatam, 46, has been undergoing survey, to
ascertain her fitness for re-commissioning, at Sheerness.
The Conway, 26, Captain Bethune, with treasure on
board, arrived from China and Calcutta, at the Cape of
Good Hope, on the Ist of October ; she may, therefore,
be daily expected. The Cornwallis, 72, Captain Richards,
on her way to China, made a splendid passage to the
Cape from Plymouth, having left that port on the sth of
July, and reached the Cape on the 26th of September.
The brig Ferret, 10, Commander Oake, will soon be
ready at Plymouth, to proceed to the Coast of Africa,
The Crocodile, 26, recently returned from the West
Indies, is ordered to be again brought forward for com-
mission. _ . _

The Numa, transport, from Woolwich, andiAdventure,
naval transport, from Deptford, arrived on Sunday.
The Java, transport, with detachments of the Ist Royal,
sth and 7th Fusileers, 46th, 48th, and 79th regiments,
sailed from Gravesend on Saturday last for Gibraltar,
The Ist division of the 97th regiment, under command
of Major Cannon, has left Corfu for Zante, to relieve the
38th regiment.
The Cracker cutter arrived on Monday from Jersey.
The Emerald sailed the same day to Plymouth.
The Rhadamanthus, steam transport, is ready for sea,
and will arrive at this port about the Ist of January.
The Lieutenant's commission, given by the Admiralty
half-yearly to one of the mates studying at the Royal
Naval College, has been awarded this Christmas to Mr.
James Francis Ballard Wainwright.
On paying off the Tyne, about a month since, in this
harbour, James Dix, chief boatswain's mate, was awarded
a medal for his good services, and a pension of 271. per

annum.
PROMOTIONS AND APPOINTMENTS.
ritomotioN.—Mate—James - Francis Ballard Wain-
wright, by merit, from the Royal Naval College, to the
rank of Lieutenant.
APPOINTMENTS.--Captain—Charles Eden, to the Win-
chester, as Flag Ship at the Cape.
Commanders—J. S. W. Johnson, to the Wolverine ;
George Baker, to the Lily (to take passage in the Ra-
pid) ; A. Darley, to the Electra ; Hon. J. R. Drummond,
to the Scout ; Philip G. Haymes, to the Fantome ;
Parry, to the Sappho, in the West Indies (to take pas-
sage in the Volage).
Lieutenants—James Chas. Johnstone, to the Warspite,
vice Hornby, promoted ; penry T. Smith, James B.
Kinsman, and Chas. Knighton (additional) to the Cale-
donia ' • Sydney Thomas, to the Royal George, for service
in the Nautilus ; E. Sanders, to the Indus, vice Bamber,
invalided ; A. Lewis and Augustus Lavie, to the Vindic-
tive ; Thomas Baillie, from Warspite, to Isis ; G. L.
Norcock, to Warspite, vice Baillie.
Master—D. Lye, to Royal George.
Second Master—W. Barnard, to the Atholl.
Surgeon—J. Greenish, to the Royal George.
P
Alfred;
Alfred Young, to the St. Vincent ; W.
R
Grierson, to the
Mates—R.artseesr--HT. hwo s
i.
liGe
ooxd
,d
farrdom, ttoh
et hEe
xc oeyl
l• ae
nl
tG,
teoo The.
e
Queen • W. Carroll and J. Palmer, to the
Royal George.
Cleric—James Punchard, to the Snake.
The Hon. Rear-Admiral J. Percy is appointed to the
command at the Cape of Good Hope, vice
promoted; Captain Sir Francis Collier,Sir E. King,
promoted; of the William and Mary yacht, superin-
tendenceCani3ftlitethecon
; Captain Peter Fisher,osi
ie If
of Woolwich Yard
command the Ocean, and the superintendence
ness Yard; Sir Watkin 0. Pell, C.B , to command the
Royal Sovereign yacht, and the superintendence of Pem-
broke Yard; Captain Sir John Hill, to finish his servi-
tude
; Rear-Admiral Sir S.-Pym C. 8.,
as Superintendent of the Deptford VictuallingEsta-
flag in the San Josef • • - 'd eof Plymouth
'with the superinten enc to hoist his
Yard.
Royal Marines—Mr. George Magrath Pasco,
Second
Lieut., to the Plymouth Division.
''. Com. Bon. G. T. liastingB'
PLYMOUTH, THURSDAY, DEC. 23.—The Harlequin,
after several attempts to
The Avon steamer, Lieut. C.
gt,h14.,.. ,wn. Channel, sailed the 17th for China, with a
sii44,lglh ece-edatfrlOm Portsmouth on Friday last, with
jenidEl i,,,rx. The Spy. Lieut. Potbury, came into
supernumerMft. called the Alban steamer, Mr. King,
harbour to refitt.--; The, rowerful,?-1., Capt. Seymour,
master, for Bristor," • "ofi,-t Ommanney's flag., from the
with Tiee-Admiral Sii.:4',L,,,i
,40
.put into this port on the
Mediterranean, was obi.:AE, len„- of the strong easterly
on the 21st, and
18th, owing to the prev
G`n the 18th, the
'ale G. Grey, and
ihvasindps
Captain Honoura.
Belvidera, 38,
r;ocseheede foreverPorgtsomt oZ:::—Ir
. Commander W.
Serpent, 16, arrived from Portsmouth ,
t., n his promo-
Neville, has superseded Captain Searle, ,
ranean on
tion.—The Belvidere, sailed for the Medite,
R. Sarto-
the 21st.—The Malabar, 12, Captain Sir G.
e,
rious, and North Star, 26, Captain Sir J. E. Hon, sailedrfor
the 18th, the former for Gibraltar, and the latte.
China.--The Belleisle, troop-ship, Captain J. Kitk
~'
combo ; Apollo, troop-ship, Commander C. Frederic ;
and Sapphire, troop-ship, G. H. Cole, master, sailed for
China, with troops, the 20th,—The Volage, 26, Captain