The Sun.
London, England, 1851-09-18 00:00:00

RAILWAY INTELLIGENCE

READING, GUILDFORD, AND REIGATE.
Yesterday the half-yearly general meeting of the
proprietors of this, company was held at their offices,
2, Royal Exchange-buildings, City ; Mr. Alderman
Salomons, M.P. chairman of the board of directors, in
the chair.
After the usual preliminaries, the Chairman opened
the business of the day by reading the report, a sum-
mary of which has already appeared in our columns.
He next proposed its adoption in-a few words, re-
marking that it afforded no materials for a speech,
but that if the shareholders found in it any subject for
inquiries, he should be happy to give the necessary
replies.
Accordingly, in answer to a proprietor, he stated
that the expense of the last half-year had been larger
than it probably would be for the future, in conse-
quence of their having given to the late secretary
2001. on his retiring ; and in answer to Mr. Levy,
that they were in no way connected with any ex-
panses that the South-Eastern might incur. The
chairman further explained that under the
articles of their agreement with the South-
Eastern, an Act of Parliament was to be applied for
within two years, the purpose of which was to be
the completion of the amalgamation of the two
companies ; that at present the South Eastern were
faithfully carrying out their contract and paying their
rent; that a Mr. Thompson of that company had
thought fit to bring this into Chancery, to test the
legality of the lease between the two; that between
this gentleman's solicitor and theirs (the Reading,
Guildford, and Reigate) there had been a correspon-
dence ; that this had ended, as between them and
Mr. Thompson, in a willingness on his part to stop
proceedings, they paying their own expenses ; that
there was an objection in the possibility that the
South-Eastern would not so concede ; and that at
any rate, under any circumstances, Mr. Thompson
seemed to have very little chance of success in his
undertaking.
Mr. GASKILL asked how the carrying out of the
amalgamation would affect their position and claim
with respect to the South-Eastern ? Should they
remain creditors or become partners ? Could they do
anything in the matter ?
The CLTAIRMAN reminded the proprietors that the
Bill would be referred to them before it went into
Parliament, and that that would be the time for a dis-
cussion upon it. He then answered that they would
become preference shareholders, and observed that, in
proportion to their " take," the South-Eastern were
the company with the smallest amount of fixed en-
gagements he knew; their average take might be
15,0001. a week; their fixed engagements not above
80,0001. or 90,0001. a year.
Mr. LEVY did not see any necessity for eight di-
rectors. He did not think there was work for two.
The CHAIRMAN said that, though there might not
remain much work, there was still much responsi-
bility.
The report was then adopted.
The next resolution proposed a dividend for the half-
year of 9s. 9d. a share, exclusive of income-tax. It
was carried.
The usual complimentary votes were then passed,
and the meeting dispersed.

GREAT NORTHERN.—The Islington end of the
tunnel is now completed, and presents a very noble
and handsome appearance. The cutting under the
course of the Regent's-canal is being rapidly pro-
ceeded with, and nearly the whole of the iron girders
required have been tested and fixed. A large num-
ber of workmen are at present engaged in laying the
concrete for the boundary wall for the station at
King's-cross, which is to be completed forthwith.
SHREWSBURY AND ITEREFORD.—NegOtiatiOUS are
being actively carried on with the landowners in the
course of this new line of railway for the purpose of
facilitating the worka, and it is understood that the
contractors are prepared to bind themselves to the
sum specified by the engineers of the company.

MILITARY REVIEW AT EDINBURGII.—On Saturday,
which fortunately happened to be one of the most beautiful
days of the season, a military spectacle of the usual charac-
ter took place in the Queen's Park. The 33d Regiment from
the Castle, the Enniskillen Dragoons from Piershill, and the
Ariillery from Leith Fort, in presence of General Riddell,
went through a brilliant series of evolutions to the infinite
delight of the crowd of spectators which had assembled on
the occasion. —,Edinburgh 4dvertiser.