The Sun.
London, England, 1846-12-03 00:00:00

LYNN AND ELY RAILWAY.

A special general meeting of the proprietors of this
line was held yesterday at the London Tavern, in Bishops-
gate-street, for the purpose of sanctioning a conditional
agreement entered into for leasing the line in perpetuity
to the Eastern Counties Company. Sir William Folkes,
chairman of the board of directors, in the chair.
The CHAIRMAN stated that the agreement was for 51.
per cent. upon the whole capital of the company for
three years from the opening of the line, and a minimum
of 6/. per cent. ever after, the dividend being always
two per cent. less than that of the Eastern Counties
Company.
A resolution confirming the agreement was proposed,
and after a long discussion unanimously rejected, and in
its place a resolution was agreed to, authorising the
directors to renew the negotiation with the Eastern
Counties Company on the basis of a fixed rest of 71 per
cent. in perpetuity.
Another resolution was also agreed to empowering
the directors to take the necessary step or assist in ap- ,
plying to Pariiment nets session for Bills authorising
the construction by the Lynn and Ely Company of a line
from Wisbeach to Spalding, and Holbeach, and from
Ely to Bury St. Edmunds, as well as docks at the port
of King's Lynn, with a navigation or aqueduct from
such docks to the River Nay in Norfolk.
The business relative to the raising of the sum of
118.8001., part of the 120,0001. authorised by the Ely
and Huntingdon Act, by the issuing of 10,000 shares of
91 each, and 108,000 shares of 2/. each, was postponed,
and the meeting terminated.

ELY and HUNTINGDON RAILWAY.
A special general meeting of the proprietors of this
line was subsequently held in the same place, and for
the same purpose ; Mr. Henry C. Lacey, Chairman of
the Board of Directors in the thair.
The CHAIRMAN considered the terms offered by the
Eastern Counties Company were very inadequate to the
value of their property, and he, therefore, hoped they
would follow the example of the former meeting, and re-
ject them unanimously. He had no doubt whatever that
eventually the East Anglian lines would pay 101. per
cent., but still a bird in the hand was worth two in the
bush, and he should not object to the 7 per cent.
The same resolutions agreed to by the former proprie-
tors were agreed to at the present meeting.

LYNN AND DEREHAM RAILWAY.
A meeting of the proprietors of this line was then
held, and Mr. Lacy having resumed the chair, the reso-
lutions agreed to at the former meetings were then put
from the chair, and carried unanimously.

REGENT'S CANAL COMPANY.
A general meeting of the Regent's Canal Company
was held yesterday, at their offices at (the Canal Basin,
City-road, J. E. D. Bethune, Esq., in the chair.
The report stated that the profit balance to 30th Sep-
tember last was 13,670/. 13s. lid., including 6001. ss. 4d.
remaining from the last account, which, after the pay-
ment of the dividend proposed to-day, would leave a
sum of 8191. Os. lid. to the benefit of the next half-yeas.
All the documents for the Bill for the railway
were deposited with the proper officers, and the direc
tors were quite prepared to go on with the scheme.
A further sum of 4,4741. 9s. 4d. had been borrowed
from the reserve fund for the formation of the taw en-
trance to the Limehouse Dock, and to pay for the pro-
perty required for that purpose. The committee were
happy to say that they were now in possession of the
property, and that the plans and sections for the work
were ready, so that it could be commenced early in the
next spring. Inasmuch, however, as stabling would be
required for the horses in the first instance, it was in-
tended to charge a sum not exceeding 3,0001. for that
object. _

The report of the auditors stated that the profits of
the half-year amounted to 27,4151. 4s. lid. Both the
reports were adopted by the meeting.
A resolution was then put to the effect that a dividend
of twelve shillings a share for the last half-year should
be declared, and that the transfer books should be closed
for its payment from the 19th December next to the 11th
of January following. The motion having been se-
conded, after a short discussion, the resolution was
adopted.
In reply to an inquiry as to the origin of the increase-
of the rents from 1,600/. to 2,1001., the CHAIRMAN stated NARROW ESCAPE.—On . Tuesday morning, about
that it arose partly from the increase of business, and two o'clock, M. Perrier, French messenger, in going on
partly from the payment of old arrears. The former board her Majesty's packet Dover, Mr. A. Hammond,
came chiefly from the North Western Railway Company. acting commander, missed the steps and fell into the
water, but fortunately ctraght hold of a piece of iron pro-
In answer to another question, the CHAIRMAN said
that the tonage on the canal had increased from 844,000 4 jecting from the quay, A rope was promptly thrown
to 1,082,000 tons, between 1842 and 1845. The permits 1 from the vessel, but ineffectually, as M. Perrier would
bhuetkn co
ado naoli
t.
would give little information as to the number of vessels, not relinquish his " iron grasp." Police-constable
which had passed on the canal; for while the barges were Saunders was on duty near the spot, and hearieg the
alarm
attemptedra
formerly 45 tons on an average, they are now generally nto
to reachthequay, on
the reaching
messenger, which
of 50 tons burden. The number stated in 1842 was anda
12,448, and last year 16,500. Since 1836, the dividends He then allowed himself to
al
be let down head foremost to
had risen from 12s. to 21s. per year. the water—his legs being held b ) Mr. Gibbons—and•
To other inquiries, Mr. BETIIIINE replied, that the by this means Saunders
shares of the contemplated railway were to be offered in holding M. Perrier by th succeeded in re aching and
the first instance, to the shareholders, in proportion to the brought and speedily l e collar until a ladder was
number of shafes held respectively by each. But there steward of lowered when CC. Chonradi,
was to be no compulsion, and the shares declined werethe Dover, and T. King, steward of her
Majesty's, packet On
to be offered afterwards to the üblic generally. The d. . Ix, 'descen(ling and sue-
-8,000/. to be paid to the Regents Canal Company by cee mg in rescuing him from Us perilous situ-
the Birmingham Railway Company was contingent on i ation, he having only sustained consiecerable fright and a
the latter company getting their Act, and not on the thorough drenching. M. Perrier then went on boar
d
the ,
formation of the railway. The company had obtained 1 ' the
where every attention . was paid b y
their Act, and the money would be due OR the 6th of i steward to his comfort on the voyage to Calais.--Dover
Telegraph.