The Sun.
London, England, 1851-04-14 00:00:00

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RAILWAY INTELLGENCE. \.l\:''CN';:i--'7 ~- -
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THE EASTERN COUNTIES AND NE Vir2.IAIZ. ~.____.:
RAIL WAY COMPANIES. '...1 7-i-ctvd. smaiv
We subjoin the report of the committee of Eastern
Counties shareholders on the subject of the prope6ed
guarantee by that company to the Newmarket Company:
" Report of the Committee of Shareholders, to be laid
before the Proprietors at the Special General Meeting
cf the Company, convened for Thursday, April 17,
1851.
" Your committee have to report that the negotiations
with the Newmarket Company, alluded to in their sup-
plemental report adopted by the special general meeting,
held on the 18th ultimo, have resulted in the provisional
arrangement of the terms of a working agreement
between the two companies, based, in the opinion of
your committee, upon a due consideration for the common
interests of there both.

" The terms so arranged, subject to your approval,
have been re:erred to the colicitors or the company, to
he by them embodied in a formal agreement, for execu-
tion by the two companies respectively.
" A sketch inep of the country occupied by the New-
market Company, in respect of lines made and unmade,
exhibiting their connexion with the other lines of the
district, accompanies this report, a study of which will
illustrate the importance of securing a position which, in
the command of a competing company, might be used as
the basis of operations seriously detrimental to Eastern
Counties interests.
"Indeed, the main object of your committee in re-
commending the arrangement is to prevent the diversion
of traffic from the lines of the Eastern Counties Com-
pany by intrusion on the part of other companies having
'competing, if not hostile, interests, care being taken
that the desired protection be obtained upon terms at
once prudent for the Eastern Counties Company to con-
cede and satisfactory to the Newmarket Company to
accept, and calculated, in their practical operation, to
subserve the pecuniary interests of both companies, and
to maintain between them constant good-will and mutual
co-operation.
upon the condition
tdiyr e
completionarrangement
anids booed
ding of their line to
o f "t
hTehsepeene
Cambridge by the Newmarket Company, from the date
of which event the proposed agreement will come into
operation, and not before.
" The principal financial feature in the arrangement
is the obligation to be assumed by the Eastern Counties
Company to pay to the Newmarket Company such a
sum as shall, with the amount of their own net earnings,
be sufficient to pay a dividend equal to 3 per cent. per
annum on the amount of their share capital (stated at
350,000 n, or thereabouts)—with this limitation, that in
no event shall the Eastern Counties Company be called
upon to pay a larger sum than 5000/. in any one year.
" In reference to this part of the proposed arrange-
ment, your committee observe that the deputation from
the Newmarket Company in an early stage of the nego-
tiations stated that they estimated the value of their
lines to be equal to 3 per cent. per annum on the share
capital; and, at the request of your committee, fur-
nished statements of the amount of their share capital,
and of their debenture debt, and also calculations show-
ing the grounds Lon which they so estimated their pro-
perty.
" Upon a careful consideration of the facts and esti-
mates thus submitted to your committee, and having
especial regard to the importance of the situation occu-
pied by the Newmarket property, which they cannot
but look upon as the key of a defensive position of great
value to the Eastern Counties Company; and also in
consideration of the improvement which must necessarily
take place in the earnings of the Newmarket Company
by the opening of their line to Cambridge, which will
have the effect of extending their traffic to Ely over the
Eastern Counties line, and of iccreasirg it to Chester-
ford, via Cambridge, your committee came to the con-
clusion that it was expedient to admit the estimate of 3
per cent. as the basis of the financial part of the pro-
posed agreement, subject to the limitation of 50901. as a
maximum possible payment by the Eastern Counties
Company.
" At the same time your committee stipulated for an
option being reserved to the Eastern Counties Company
of the right to purchase the whole undertaking at twenty
years' purchase on their guaranteeing to the Newmarket
Company a dividend of 3 per cent. per annum on their
share capital, being at the rate of 15/. per share for each
paid-up share of 251. each. This stipulation has been
agreed to by the Newmarket deputation.
" The working details of the agreement your com-
mittee would leave to be settled by she board of directors,
as your responsible executive.
" With these observations your committee recom-
mend the adoption of the proposed terms, and that they
be referred to the board of directors to carry the same
into effect.
" Aching upon the powers granted to them your com-
mittee received a deputation from a publicly convened
meeting of proprietors of the East Anglian Company,
held at Manchester, from whom they learned that the
pending agreement between that company and the Great
Northern Company is still in abeyance.
" The deputation expressed a desire for a working
arrangement with the Eastern Counties Company, in
preference to that proposed with the Great Northern
Company; when, after giving the matter due considera-
tion, your committee came to the conclusion that the
matter could he more fitly dealt with by the board of
directors, to whom, therefore, they referred the deputa-
tion, and accompanied such reference with a strong re-
commendation to the board to consider the matter, with
the view of carrying the object into effect upon equitable
terms, and thereby to promote the policy of securing to
the Eastern Counties Company the control and manage-
ment of the hues and traffic in the eastern districts of
England.
" In conclusion, your committee observe that they
have practically confined their labour to the arrangement
of the terms with the Newmarket Company, the nego-
tiations with whom were pending at the date of their
last report to you; and have nut thought it prudent or
expedient to act upon the powers conferred upon them,
to enter into negotiations with all or any of the other
companies in the eastern district, as they have consi-
dered that so to have done would interfere with the free
and responsible action of the board of directors, and
would have retarded rather than promoted the accom-
plishment of the object you had in view in conferring
those powers upon them.

" B. MARWOOD KELLY,
DAVID WADDINGTON,
GEO. C. PAULING,
NATH. NICHOLLS,
JOSEPH Box,
JEREMIAH PITCHER.
" Bishopagate Station, April 10, 1851."

The Court will most probably leave town about
Wednesday next.

PRINTERS' DRAMATIC SOCIETY.-011 Saturday
evening an amateur performance by the members of this
society took place at the St. James's Theatre, in aid of the
funds of the Printers' Pension Society. The entertain-
ments consisted of The Merchant of Venice, a recitation of
Collins's Ode on the Passions, and the drama of Charles the
of
r-Vsenw
scene'ece
worthy
Twelfth. The performers on the occasion were all mem-
bers of; or connected with, the printing trade, with the ex-
ception of Miss Cooper and Miss Marshall, of the London
theatres. The theatre was extremely well filled, and
Prince Albert, under whose patronage the performance
took took place, attended by Colonel Gordon, occupied_at nesToyoune
box, which had been specially retained by her M J 7
the occasion. On his Royal
ui being ga
swr recognised
are
bounde d
nb
and
the star upon his breast, a
judiciously " God save the Queen " was performed by the orchestra.
Hloiugclhnecssheebrbe
renders comment unnecessary ;
The charitable object for which the entertainmentn wasa e t
ei
motedsly read
in
manynd thep parts
LCostumes bet-rayedreaatstrpiaictners
to say, that the Merchant
of a more
throughout, and
had been taken to render th
truth than is
adherence to historical
" professional " event, a
by amateur performers. Previous to the comedy an ap-
propriate
cgornaculfiueddingwidthramthae.
Catherine Williams,
th p •
enanollins's Ode on ePassions was recited by Miss
address was spoken by Miss
MRFoyeaisit bHeitgwheneenssthaeppnelaaryedanmd
much
performance.
Richings Park, near Ivey,
the residence of Sir
Thomas and Lady Willshire, was the scene of great festivity
on Friday last, on occasion of the christening of their infant
son and heir, who received the names
Thomas, in the of Arthur Reginald
presence of a distinguished party of their
friends and neighbours.
Excellencyll's •
i the Belgian Minister (M. Van de
Weyer) is, we are happy to learn, quite recovered from his
recent indisposition arising from influenza.
MARRIAGE OF MISS TALBOT.—This young heiressa
attended the soirée given by the Countess of Jersey on
Friday night, in company with the Countess Newburgh.
She is a visitor at the residence of the Lord Chancellor and
Lady Truro, and all her proceedings are closely watched by
the Chancellor, who seems determined that no undue influ-
ence shall be exercised towards her. The case of t his lady, ,
which has excited so much attention, is likely, it is
is ,cur-
is said,
receive a very happy and legitimate solution.
rently rumoured that Miss Talbot is about to be i
married to
ham second
Lord Edward Fitzallan Howard, M.P. for .18
son of the Duke of Norfolk, Hereditary Earl ,Marshal,. and
Lordship holds the office of
Premier Peer of England. His Lords
his
34th
Vice-Chamberlain to the Queen, and is inyear; is
heir to a property in Devonshire of
the value of 25,000/
tbe thrown . 1 per
annum, so that the 80,0001. would no
Ed away. It,
perhaps, need scarcely be added that Lord ward is a oman
Catholic.
cr MART cl
THE CONDEMNED Corivlr w -.J.J.Rx..--This
unfortunate young woman, '
wof heriti convictedf at the last
Bury assizes of the murder o n ant, still remains in
Ipswich gaol, and should 3
al....reprieve be received she will
be executed on the 23dnmoA
eti It is, however, generally
believed that she will . 1 0
theluga it being alleged that
tted
at the time she con,TI , crime she was labouring
attack of the milk fever. The way in which
under an e woman
the unfortunate e
.. perpetrated the murder—namely,
• the child alive -- seems to bear out this belief.
burying tof the whole
A statenaen case has been submitted to Sir
George Grey, but up to Friday night no answer had been
received.
EToN COLLEGE,—.The Dowager Lady Farquhar,
Sir Walter Farquhar, and Mr. Harvie Farquhar, have caused
a memorial window to be placed in the college chapel of
Eton to the memory of Mr. Farquhar, who was educated at
Eton, and at the age of 19 killed at the battle of Alliwal,
fighting gallaitly. The subject of the window is the story
of King David. There are five compartments- the centre
one represents King David, and in each of the other divisionseteen
arc groups of figures illustrative of the narrratiir scriptural
e. Between
the groups are angels bearing scrolls,
al which
filled with
l ilch
up
passages are inscribed. The tracery is
angels bearing similar scrolls and inscrip detail is
inscriptions. The
composed of rich foliage, of the most harmonious colours.
This beautiful window, which has
Newcastle
been completed, was
-upon-Tyne. An ad-
executed by Mr. Waile, of Islewee
joining window to the above,
subscribed for by old Etonians,
London, has recently been
and executed by Mr. Connor, of
windows are at the western
These
presented to the college.
entrance to the chapel.
The Grand Surrey Canal Company have notified a
which will date from the 31st ult.
reduction in their charges,
-s eas that recently adopted by the
The alteration is theom
any,
with the exception that a
Commercial
weeklyDickaC
rent, will be substituted for the
monthly, and
not
s hitherto customary.
1 quarterly term
Essex
The Justices have accepted a tender to erect
the county lunatic
c aaylutu ler 63,4661,