The Sun.
London, England, 1851-11-03 00:00:00

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[PRICE SD.

- 2e'd
lit:losses, as compared vei h towns,
-ountry.--(Hear, bear.) The want
cf places of publie amusement and recreation had long
-been a reproach to the great towns in this empire.
'e trusted, howevor, that many beneficial results
'ould arise from the Great Exhibition of this year,
and from the increased intercourse which had taken
place between the inhabit ants of this country and the
various nations who had assisted at this mighty festival.
—(Cheers.) He believed that one great result would
be the opening of our eyes to the importance of carry-
n suchot o w
asn
carry-
ing out, to a great extent, public improvements similar
to those which were the honour and glory of foreign
towns.—(Hear, heaprr.
in England which e)seeTtEhderleocwalas
certainly
advantages
Nottingham—(Cheers)—end he trusted that what
was once said of a Roman Emperor, that be found
Rome stone and left it marble, would be applied in a
better sense to the corporation which, in the present
generation, presided over the local interests of Net-
tingtam.—(Vehement applause.)
The Duke of NEWCASTLE, in proposing the health
of the Mayor, said no one connected with Nottingham
was more anxious than Mr. Felkin to see it advance
to that position which he (the Noble Duke) firmly
believed it would soon attain, as one of the most im-
portant towns in the kingdom.—(Cheers.) Certainly
no one connected with Nottingham could otherwise
than fully appreciate the zeal, ability, and general
excellence of the Mayor, whose, reputation, both in
his public and private capacity, had reached far be-
yond the walis of this town, and whose merits he bad
heard discussed in the warmest terms in parts of the
country where he (the Mayor) probably little thought
his name had reached.—(Cheers.)
The MAYOR, in responding, entered into a state.
ment showing the improvements around the town,
Kingdom,
embodying the anticipations he felt as to the fu-
ture prosperity of Nottingham, observing that he saw
i d;
rtoasts
an
Other no reason why it should be second to any city in the
Untteh
d speeches followed.

RAIL WAY INTELLIGENCE.

NCT I O
andN.
BIRKENHEAD, LANCASHIRE, AND CHESHIRE
The adjourned haljf-yearly
this company was held on Saturday,special meeting of
at Birkenhead.
Alderman Bancroft, the •
sided. chairman of the board, pres
The CHAIRMAN said the matter formally
adjourned
for consideration was the supplementary
entered into with the London andN agreement
North- Western
Company. The memorandum of an agreement he
should lay before the meeting that the directors
entered into, subject to the confirmation of
had
prietors;to lease the line to the Great Western Companythe pro•
and to the Shrewsbury Associated Comp
an.es
en -
(Cheers.) This was a step of great importance and
it certainly required some hesitation on the part of
this company before they embarked in any new ex-
penditure whatever. He then adverted to the neces-
sity of applying to Parliament in the ensuing session
for powers to complete certain arrangements. Prior
to :the negotiations with the Great Western and
associated companies a negotiation took place between
the directors and some members of the Holyhead
board. The terms were that the Holyhead Com-
pany should pay a gross sum of 3,0001. for
one year—that was, from the Ist November inst.
to the let November, 1852 —for the use of the lines of
this company—that was, the line from Chester to
Birkenhead and the line from Chester to Lower
Walton—undertaking themselves to perform all the
duties, so that it should be a net sum of money pay-
able to the Birkenhead Company. The memoran-
dum of the agreement entered into between the board
of this company and the Great Western and asso-
ciated companies was in substance, that from June
next that company should receive 3 per cent. upon
2,000,0001., an invariable amount, 3i per cent. the
next year, and 4 per cent. afterwards in perpetuity ;
with the option, if that company should think proper
to exercise it, of merging into or amalgamating with
the associated companies at par. Assuming that when
the companies came to amalgamate, one company got
4 per cent. and the other .5 : assuming that the Great
Western Company got 5 and the two Shrewsbury
companies 4 per cent., they would have to adjust their
capitals in proportion to those dividends. The result
would be that the 1001. of Great Western capital
would remain intact, but the 1001. of the Shrewsbury
capital would have to be reduced to 801., 10 per cent.
less; they would then receive a uniform dividend for
ever. It was simply an adjustment of capitals, and
when the capitals were so adjusted the Birkenhead
Company would merge into them a capital of
2,000,000/. at par. That was the basis of the ar-
rangement agreed upon.—(Cheers.)
Mr. TITHERINGTON suggested that it would be best
to take first the chief business of the day—the
lease to the allied companies.
Mr. W. JACKSON, M.P., agreed with this sug-
gestion.
A motion, authorising the company to borrow
90,000/., which had been seconded by Mr. Brown,
was then put and carried ; as was also another formal
resolution ordering the 70,0001. so raised to be bor-
rowed from Mr. Brassey.
It was decided to take the memorandum of agree-
ment with the Great Western and associated com-
panies as read.
The CHAIRMAN then moved that it be_approved of
and confirmed.
Mr. GIRD seconded the motion.
Mr. JACKSON, M.P., rose to enter his protest
against this amalgamation, and he did so upon the
ground that to be allied to any great company would
most materially injure the position and ultimate good
to be derived by the proprietors of this company ; and
that the amount of per tentage to be given either by
the Great Western or the North-Western companies
would not amount to what they would receive front
the line if maintained in an independent state.
Mr. ROY" begged to state in the most explicit and
emphatic language, that if this amalgamation were
carried out, it should remain open to all.—(Cheers.)
They (the associated companies) had themselves
suffered from opposite views, and knew to wall its
injurious effect, he meant by the prevention of
traffic coming over the line, ever to practise that sys-
tem upon another. And he was entitled to state, as
he knew it to be the unanimous sentiment of the
members of the three boards of the associated com-
panies, that they would give to the Holyhead Com-
pany and the London and North-Western Company,
when they chose to come to Birkenhead, the most
absolute facility, the most perfect absence of anything
like obstruction or prevention of trade coming there,
that the strictest orders of the most zealous exertions
could secure to them.—(Cheers.)
Mr. BUCKLEY supported Mr. Jackson's view, and
llough it would be better to remain an independent
,ne.

Mr. WINCH said, when he saw at the present time
that they were not dividing 1 4 per cent., and that
anything beyond that was purely prospective, and
when he found at the same time that a guarantee was
offered to the company of 3, 31, and 4 per cent., he
must say, as a man of business, that a bird in hand
was worth two in a bush.
Mr. TITHERINGTON said, the North-Western Com-
pany had sent along this company's line 3,000 tons
of traffic within the last 12 months, the Holyhead
Company had sent 35,000 tons, and the Shrewsbury
Company 100,000 tons of traffic. Was it reasonable
that they should be afraid the London and North-
Western Company would make a second line to Bir-
kenhead ?—(Laughter.) Was it to be thought for
a moment that they, despising the Birkenhead. line,
would think it necessary to spend a quarter or
tone
a million of money in making provision for 3,000 on
of traffic.—(Hear.)
After some observations from Mr. Liddell, Mr,
Birch, and Mr. Webster,
The CHAIRMAN put the resolution, 'which was
carried amid loud applause, with only six dis" aentienta.
The CHAIRMAN then moved,—
" That the board ho empowered to proceed for an Ad
in the ensuing session to carry out the agreement."
Mr. BucK seconded the motion, which was carried
nenz. con.
The CHAIRMAN moved,—
" That the directors be authorised to enter into the
agreement with the Holyhead Company."
Mr. GANDY seconded the motion.
Mr. KNox moved, as an amendment, the negative.:
Mr. TREVOR seconded the amendment.
After a short debate the amendment was put and
carried, about eight or nine hands only being held up
against it.

KNOX moved—
" That the supplementary agreement with the London
and North-Western Company be adjourned sine die."
Agreed to.
The meeting then separated.

SOMERSETSHIRE CENTRAL.
Application is intended to be made in the ensuing
session of Parliament for authority to construct a rail-
way from the Bristol and Exeter Railway, at nigh-
bridge, to Glastonbury and probably to Wells. The
Bristol and Exeter Company have agreed to sell the
Glastonbury and liighbridge canal to the above com-
pany, and to take shares in the undertaking in lieu of
the purchase-money. They have also agreed to work
the line when made, and to hand over all the profits
to the above company, together with 10 per cent. of
the receipts for traffic which may be brought to or
from the proposed Somersetshire Central over the
Bristol and Exeter Railway ; such per tentage upon
goo:1s to extend from Bristol to Bridgewater, and
upon passengers to Taunton. The line is to pass
for a considerable distance upon lands belonging.
10.
the Glastonbury canal, and which are said. to P.e
fenny level. The length of the proposedd line
mile., the estimated cost 70,000/•,1.513r anthneuirsng.rios2t
traffic receipts are estimated at 9,0001• Per

Two sergeants of an infantry regiment in garrison
at Rouen fought a duel with pistols. One received a ball in
the breast, and died on the epot. lie oral only 23 yeas of
Age.