The Sun.
London, England, 1846-08-10 00:00:00

WELSH MIDLAN D AND BRECON AND
MER.Lovit2AI LIV AY COMPANY.

NOTICE TO S,aiIIEHOLLIERS.
The Provisional Directors ha re regretted their inability to make
an earlier announcement to the CI lart:holders of the Welsh Midland
and Brecon and Merthyr compan
.1 es, but they found it imrossible in
the first instance during the busy •Neason of the session of Parliament
to get in the accounts, and wharf . the accounts were received, it be-
came necessary not only to Inver :Agate them, but to negotiate for a
reduction of their amounts—l' hO arrangements into which these
Companies he entered with o! Jier c”mpanies also rendered further
negotiations necessary, and it ryas, moreover, obviously impractic-
able to suggest any plan for fir are operations until it should be as-
certained which of the varior ,s lines projected in the district would
be ultimately sanctioned by P Tirliament.
The result of the present ' session has been, that the Shrewsbury
and Hereford Railway, and • edeNewport, Abergavenny, and Hereford
Railway are the only lit,es • sanctioned by Parliament, connected with
the Welsh Mldland .t_

These lines complete an unbroken railway route from Newport,
on the Bristol Channel. to Birkenhead and Liverpool. The various
other lines, which co peted for this occupation of South Wales,
have all been rejecter A„
The Directors lv,w.; the satisfaction to state that they have, by
agreement, stewed an interest to the extent of one-third of the
capital in the N er:port, Abergavenny, and Hereford Railway; this
interest is eqw:+l.'to 9,008 shares of 251 with 21. 10s. paid, which will
be apportimYal 'amongst the Welsh Midland and Brecon and Merthyr
Shareholdi,rs 'in proportion to their interest in those undertakings.
Other, neigotiations are in progress which may issue in securing
some r urttier fulvantages. If such should be the case, the directors
will '..carnediately give A further option to the shareholders, but they
do '4ot 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 interea ed
in railway accommodation to South Wales. There can be no doubt
but that the interests of the Newport, Abergavenny, and liereford,
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 dcare the same
communication, extending the narrow gauge in connexion with their
trunk hues.

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 arc
still unavoidalsly under negotiation. 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
Ise 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 Brecrn 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 he put in possession of the wishes of each Share-
holder on the following options:-
Ist. —To exchange one Welsh Midland, or two Brecon and Mer-
thyr shares, for one Newport, Abergavenny, and Ilercford Railway
share upon which 2/. 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 for
promoting a line from Hereford to Swansea. _ . .

3d.—To receive back the 158. per share on each Welsh Midland,
and 7s. 6d. per share on each Brecon and Merthyr share, with such
further sum as may hereafter accrue. . .

Each Shareholder is requested to El 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.
By 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,

r, being a holder of shares In the Welsh Midland, or Brecon
and Merthyr Hallway Companies, beg to enclose you my Scrip for the
same and to notify—
Is t —That I--

wish to take

shares (or any

greater number to which I may Do rateably entitled), in the
Newport, Abergavenny, and' Pereford stock, on the terms of
exchanging one Welsh share, or two Itrecon and
Merthyr shares for one such Newport and Here!ord ; and I
hereby undertake to sign the de,ds of that Company, and to
register as a shareholder thereof.
'M.—That I wish to transfer my remaining
shares in the Welsh Midland and Brecon and Merthyr
Company s into the new Company for promoting a Railway from
Hereford to Swansea,
That I

wish to re,eire back the balance un
Shares, instead of trauslerritr,

expended upon my
Diem to the new Comrany
I remain, Sir,
Your very obedient servant,

17, Park-str.et, Westminster
August 7,184 G.

DIREcT WESTERN RAILWA .I. The
Committee give notice, that after the 12th day of A u,ust
instant attendsnee will be given at the Offices, .No. 20, -Poultry,
London, on WEDNESDAYS and lIITDAY3 only, between the hours of
Twelve and Three o'clock, for psyment of the erst dividend of
11. ss. per share upon the Scrip and lian::ers' Receipt, not already
brought in and paid upon.

_
By order, T. H. SAUNDERS, Secretary,
20, Poultry, London, Aug. 8, 1846.

OXFORD, WITNEY, CHELTENHAM, and
GLOUCESTER INDEPENDENT RAILWAY COMPANY.

Notice is hereby given, that a GENERAL MEETING of the
SHARE HOLDERS and SC R I PHOL DE RS of this C• ,31 PA N I' will. be
hold at the London Tavern Bishopsgate-street, on T(TESDAY, the 18th
day of August instant, t Twelve o'clock precisely, for the purpose of
considering a proposal to be made for uniting this Company with the
proposed London, Oxford, and Cheltenham Railway Company, upon
certain terms and co ditions which will be stated to the meeting ;
and in case the said terms and conditions shalt be approved and ac-
cepted by the said meeting, then to authorise and empower the
proper parties to unite this Company with the proposed London,
Oxford, and Cheltenham Railway Company, and to win t up the
affairs of the Oxford, Wituey, Cheltenham, and Gloucester inde-
pendent Railway Company.
Parties will be required to produce their Scrip on entering the
coons.
Dated the 7th day of August, 1846.

J.,DIIKE, Chairman,
JOIN MENZIES, Secretary,
Offices of the Company, 58, Graceehareh-street, London.

N.B. The Chairman will receive the Scrip of any Shareholder who
cannot conveniently attend.