The Sun.
London, England, 1851-02-11 00:00:00

FEBR VARY 11, 1851.

... £52,140 7 6

... £65,014 11 2

Supposing a further sum of 31. 6s. 8d to
be called up on or before the Ist of
January, 1852, making 5/. per share
guaranteed, and the dividend ~n the con-
solidated stock be at the rate of 3r. per
cent., the account would stand thus :
Guaranteed dividend on 77,245 shares, of 51.
per share, 386,2251., at 4i per cent. ... £17,380 2 6
If not guaranteed, the dividend would be
on 386,2251., at 3 per cent.

11,586 15 0

£5,793 7 7

Should the dividend on the unguaranteed
stock be at the rate ot fif per cent. only,
the loss would be ... £7,724 10 0
It was urged that it would thus appear that the gain to
the non-guaranteed stock in 1851 would cancel the loss for
at least eight subsequent years, or until 1859; and should
the dividend be then equal to 4 per cent., no disadvantage
would arise to the holders ot consolidated stock from the
proposed arrangement.
The CHAIRMAN said he thought it would be a great ad-
vantage to a company like the Midland to have a call to fall
back upon, should adverse circumstances arise. He believed
the Bill in reference to the proposed arrangement a good
measure, and that it was calculated to put an end to that
state of disturbance in the company's proceedings which bad
been of so much injury to the concern.

The Secretary (Mr...BELL) then rt ad the bill " to regulate
and increase the capital of the Midland Railway Company,
and to confirm and legalise the creation and issue of certain
SW. shares, and the application of the proceeds of such
shares, and for other purposes.
After a long discussion a resolution for the adoption of the
Bill was moved and seconded. Upon a show of hands the
motion was carried by a large majority.
A poll was demanded. While the votes were being taken
the Leeds and Bradford Bill was laid before the meeting.

~~The object
of the Bill is to enable the Midland Railway
Company, at any time within three years after the passing
of Act, on giving three months' previous notice of their
intention so to do to the Leeds and Bradford Company, to
commute the yearly rent 0f90,0001., by the payment of a
fixed sum of 1,800,0001. with a provision that if they fail to
give the notice, or, having given the notice, fail to pay the
money, the power hereby give= to them shall cease.
A resolution for the adoption of the Bill having been
moved and seconded,

An amendment was proposed, to the effect that the share•
holders refuse to consider or approve of the Bill for the pur-
chase of the Leeds and Bradford Railway, until a full sad
searching inquiry has been instituted by a special committee
into all engagements existing between the Midland Com-
pany and the Leeds and Bradford Company, and into the
mode in which such engagements were contracted, and the
result reported to the shareholders.

It was stated by Air. Gaaturrr, one of the directors, that
while the proposed purchase of the line would set at rest
any doubts which might exist as to the validity of the Leeds
and Bradford lease, if would at the same time save-the Mid•
land Company 8,000/. per annum in the event of their being
able to raise the purchase money at 4 per cent.
A discussion of great length took phice on the subject of
the lease, the chief feature of such debate being the often..
mooted question of the personal interest which some of the
old directors are alleged to,have in this matter. It was, as it
has been frequently urged on this point, that the discussion
of it could not in any way affect the validity of the lease,
and that the whole matter had been fully inquired into by
their investigation committee.

At a quarter past six o'clock (the chairman having ex-
plained that according to the standing orders of Parliament
a simple affirmative or negative mmt be given to the Bill)
the amendment was put as a i,egative to the original resolu-
tion. Upon a show of hands the amendment was lost by
about 10 to 1.

A scrutiny waR then demanded, and the following result
was declared at 10 o'clock :

For the first resolution
Against it ...

Steck Votes.
.. X:5,686,808 ... 17,594
... 319,375 ... 1,671

Majority

£3.367,433 ... 15,917

For the second resolution
Against it ...

Stock Votes.
.£2,610,7g7 ... 17,426
2;8;947 ... 1,444

Majority ... £3,:341,7.0 ... 15,9,-2
The proceedings concluded with a vote of thanks to the
Chairman.

GREAT WES I ERN

It appears from the statem. nt of the accounts of this com-
pany to the 31st of December last, hat 13,815,204/ had been
received on capital account, including 8,347,685/. on shares
and 5,467,r.19/. on debentures, loans, &c. The total expen-
diture to the same date amounted to 13,818,U81., leaving a
balance against the company of 2,934/. The expenditure on
railways completed, abandoned, or not in progress, amounted
to 10,541,6721., including 133,899/. paid during 1850 on ac-
count of the estimated amount of liabilities on the 31st of
December, 18-9, of 350.000/ It is it ted that. the expen-
diture for new works and additions to works in 185 ) is
charged in the general revenue account. The expenditure
on railways partially opened—viz., Oxford and Rugby,
opened to Banbury-, 995.4t9/ , and Wilts, Somerset, and Wey-
mouth, opened to Frome, 20,0421., together 1,015.5311 The
subscriptions and disbursements for the South Wales, the Glo-
cester. and Dean F. rest, the Birmingham and Oxford, and
the Birmingham, Wolverhampton, and Dudley' Railways,
amounted to 1.200.011!. The subscriptions and disburse-
ments for the Wilts, Somerset, and Weymouth, the South
Devon, the Oxford, Worcester, and Wolverhampten, the
Cheltenham and Oxford, and the Cornwall Railways, and
the Plymouth Great Western Dock, amounted to
1,051,86..4., but the interest on this amount is borne by
revenue. For new locomotive stock, under vote of proprie-
tors at the last meeting, 9,0111., making the total expendi-
ture on capital account 13,818,13/. The revenue account
for the half-year ending 31st December last, shows that
455,855/. had been received, and 154,238/. expended, includ-
ing 12,523/. for Government duty, and 10,7001. rates and
taxes, leaving a balance ot i,01,617/. The expenditure on
revenue account for the past half-year amounted .to 33.835
per cent. of the gross receipts, while at the- corresponding
period of 1849 it amounted to 39088 per cent. The balance
brought forward from the half-year ending the 30th June,
1850, amounted to 24,354'. This sum, added to the above
balance of 301,617/, gives an available sum of 325,9711.,
from which is deducted 2,033/. paid for new works and
15,2761. guaranteed
additions to works on lines opened,
4 per cent. to shareholders of the Wilts, Somerset, and
paid on loans and on
Weymouth Railway ; 1,154/. rent charge paid to the
Bishop of London and trustees of Paddington
.shares; leaving the
estate s ;ananddilsatt disposable
of
balance of 215,5321. for payment dividends. It is pro-
dividend' at the rate of 2 per cent for the
posed to pay a
ni2 600/. which will amount t 16 * 521. and
belf-year on 'Ed 44 per tstock o
cen
interest on the fix
leaving balance 4,4201., making to-
. _ 165,8724 and a ever of 49,6601.
gather ;9ts7stx Extensionsn

UNIVERSITY INTELLIGENCE.
MORAL t•CIENCES—TRIPOS.
(Issued this day.
CAMBRIDGE, FEB. 18.—Examiners—W. Whewell,
D.D., Professor of Moral Philosophy; H. S. Maine,
D.C.L., Professor of Civil Law; A. Amos, M.A., Pro-
fessor of the Laws of England; G. Pryme, M.A, Pro-
fessor of Political Economy; F. W. Gibbs,M.A., Deputy
Professor of Modern History; H. A. Holden, M.A.
(Trinity College), additional examiner.
FIRST CLASS.
Da. Mackenzie, Trinity. Ds. Bruee, Hon. T., Jesus.
—*Wilson, A., Trieiz.y. *Hort, Trinity.
___
Ds. Pooley, Christ's Col t.;(,,, having been taken ill
1
daring the examination, is not classed.
CORPUS COLLEGE.
the
master The St
op eint ci
te.
hr
aSr cdhi,, leaarrss
oh inp
Ghat::
abveeese.appropriated by
* Moral Phil9.4ophy ( Whe wc it%) prizemen.

MIDDLESEX SESSIONS.--AL the MiddieSPE S.
sions yesterday, the appeal " St. Clair v. Bingham" was
tried bkfore Mr. Sergeant Adams. It wasMa an appk.4l against
a conviction by Air. !Laglimy, one of the gistrates of the
Marlborough-strt et Police-court, iinler which the appellant
was sent. aced to two in. nths impr o,lrnent for an offal, e
agains., the Act miming to coinbithito,n, of workmen, 6th
Uriorge IV.. c. 129. The appellant was a glazier, wh
Bbluailitdidnlgh:laUs unless some alter-
time since struck work at the Cr:‘ star Palace, and be otesnotmae
alter-
ation were made. he would put an advtris.ement in the
eg,coannvdictittitotitl
witaswcoounfildruitheder,etanorde
"botched"
letter to MparpeArs,osxt,atlitesnineiriaacetiTittilhhriiee
bbtluiyeWa;Bipletileelmanss otafnd"l- committed to
tors to deal with the sharenAoYid.
of this company on Saturday,
e—ns
Aintdethfame StpinaCiAgulaitiameentinnegr
NEWMARKET RmLw prison.
power was given to the direc-
tors
might be deemed by them
of the general-bedY pt' most
eXPe4.I2I
iv;
th""s
beldam •