The Sun.
London, England, 1860-01-30 00:00:00

ANOTHER fIEA VY GALE AND SNOW

STOR

NUMEROUS FATAL AND OTHER LOSSES
ON THE COAST.
Tho accounts received on Saturday at Lloyd's
from various outports speak of a very heavy gale,
ranging from the S.W. to the N.E., accompanied in
the more northern districts by snow, having swept
the coast on Thursday night and Friday morning.
The weather during the week had been exceedingly
tempestuous, but as dusk set in on Thursday the
wind gradually increased till it blew a violent gale.
The result of its fury is too sadly told in a long list
of casualties which have come to hand. In several
instcnces there has Leen a serious loss of life, in ad-
dition to a considerable destruction of property.
The colliers trading from the Tyne and the Tees
to the Thames and southern ports have suffered
considerably. Between eight and nine o'clock
on Thursday evening, during the height of the gale,
and the snow falling heavily, no fewer than nine
brigs and one schooner were driven ashore in Robin
Hood's Bay, between Scarborough and Whitby, and
it is feared that most of them will become wrecks.
They are the Earl Bathurst, Jones, of Hartlepool ;
Swan, Davidson, of Sunderland ; Marion, Walters,
of Exeter ; Athens and Ilebe, of Shields ; Emily,
Gibson, of North Shields ; Veronica, Robinson, of
Scarborough ; William, Watson, of Hartlepool ; and
the Miriam, of Sunderland. They lie amongst rocks
and large stones, and two of the vessels have since
gone to pieces. Most providentially the whole of
the crews were saved. Similar fearful weather was
experienced off the mouth of the Tyne. The snow
fell heavily, with a heavy sea on the bar. In at-
tempting to make the harbour the barque Sharp, of
Newcastle, drove upon the Herd Sand. Another
barque, the Medium, Blyth, from Liverpool, shared
a similar fate upon the same sand. Both crews
were preserved by the lifeboot, which pushed up
through a tremendous sea in the most gallant style.
Nearly 20 colliers are reported to have foundered
either from springing a leak in consequence of their
heavy labouring, or being in collision, on the north
eastern coast. They were the Sir Henry Webb,
brig, from Newcastle to the Thames ; abandoned off
the Dudgeon. The William Hutt, brig, of Scar-
borough ; abandoned near Lowestoft. The John
and Isabella, brig, from the Tyne to London, went
down in 13 fathoms, off Southwold. The Mayflower,
from London for Hartlepool ; abandoned near Flam-
borough head. The brig Pallas, Captain Rock,
from Shields for London, went down on the Size-
well Bank, and the master, mate, and three of the
seamen drowned. The schooner James Dixon,
from the Tyno for Shields ; abandoned, after being
in collision on Thursday night. The Jane Heatley,
from Warkworth for Boulogne, sprang a leak,
and foundered some 50 miles off Flamborough
Head. The Jane Baxter, from the Tyne to Mal-
don, foundered after being in contact. The schooner
Copy, of and from Sunderland, for Southampton,
after being in collision. The schooner Express,
from Hartlepool for Rochester. The Syren,
from Shields to London, abandoned some 40
miles off the Humber. The Clydeside brig, of Col-
chester, from Shields, sunk after being in collision,
lbetween the Cutter and the Whiting Sands. The
Severn of Colchester, abandoned off the Spurn.
The Tranby, from the Tyne to London, sunk off the
Spurn. The schooner Ulysses, from Newcastle for
Wells, sunk in Ryhope ; and the Jane, of Berwick,
abandoned off Flamborough. The list does not in-
clude what may be called coasting and trading ves-
sels, which appear to have sustained many dis-
asters.
Higher up the eastern coast there were several
casualties :—The Aurora, Increase, of Harwich, re-
ports a schooner sinking on the inner part of Ship-
wash, on Thursday evening. An English flag was
flying in her rigging, and she was supposed to be
about 200 tons. Another schooner was seen to have
sunk about two miles below the S.W. buoy of the
Shipwash. The fate of the crews is uncertain. It is
thought that the latter vessel had been in collision.
A boat, bearing the name of George Duncan,
Dundee, was picked up a few miles to the south-
ward of Oldborough. It contained two oars, 11
bags of clothes, five flags, and a quadrant and com-
pass, but nothing had been seen of the crew.
A very disastrous loss is announced to have taken
place in Freshwater Bay, between Milford Haven
and Tenby. The Spanish barque Carlo, bound to
London, from Smyrna, went ashore, and became a
loss, and a boat which left the ship, containing the
captain and six of the hands, had not been heard of
since, and it is believed that they have perished.
The remainder of the crew succeeded in reaching
the sh ore.

LONDON AND SOUTH-WESTERN

RAILWAY.

The adjourned special general meeting of the
shareholders of the London and South-Western
Railway was held on Saturday at the offices of the
company, Waterloo Station, for the purpose of con-
sidering the proposed plans for the amalgamation
of the Portsmouth line with the undertakings of
the Londen and South-Western Company—Capt.
Mangles in the chair.
The CHAIRMAN stated that it was only at a meet-
ing of the legal advisers of the two companies,
held that morning, that the arrangement of the deed
had been finally agreed upon, and in consequence
of this it had not been possible to prepare any re-
port to be sent to the shareholders. An amended
report had, however, been prepared, which he called
upon the secretary to read.
Mr. CRoMBIE read the amended report, the prin-
cipal features of which were the details of the
scheme of settlement which had been finally agreed
upon, and which were as follows :—" The debenture
debt of the Portsmouth Company is £92,000, and
interest at 41 per cent. per annum thereon (a rate
which is somewhat less than the rate which part
of the debt is for a period bearing, but which must
be considered more than enough to indemnify this
company in the run of years), will annually occupy
£3,910. of the £lB,OOO, and will annually leave
£14,090 to be paid to the Portsmouth Company.
The whole £lB,OOO a year is to be divided into
144,000 annuities of 2s. 6d. per annum each. Of
these annuities 31,280, amounting to £3,910 per
annum, will be retained by this company to cover
the debenture interest at the agreed rate ; 87,500
more of them, amounting to £10,937 Ios. per an-
num, will be issued to the Portsmouth proprietors
forthwith; that is to say, 5 (or 12s. 6d. per annum)
in respect of each of these 17,500 shares of £2O
each, and the rest of the annuities (25,220) amount-
in to £3,152 10s. per annum (or at 25 years' pur-
chase equal to £78,812 in money) are, together with
a portion of the rent now due to the Portsmouth
Company, to be retained by the South-Western
Company until all the remaining liabilities of the
Portsmouth Company—which the board have good
reason to believe do not exceed £63,000—have been
satisfied. The final balance, after every adopted
claim on the Portsmouth Company shall have been
discharged, will be distributed amongst the proprie-
tors of that company. The directors trust the ar-
rangement thus reported will be entirely satisfac-
tory to the proprietors."
The CHAIRMAN, in moving the adoption of the
report, said it was necessary for hi▪ m to refer to one
or two portions of the report, and especially to
that which stated that the liabilities of the Ports-
mouth Railway Company were £63,000; while
the amount retained by the London and South-
Western Company
was £78,812. Out of that
debt of £63,000 a sum of £30,000 was due upon
debentures, which reduced the li▪
abilities of the
Portsmouth Railway Company to £33,000, which
was a sum certified by the chairman and secretary
of that company to be about the amount due. To
this £78,000 there was to be added a balance of
£3,500 out of the £lB,OOO of rent due to the Ports-
mouth Company, which would leave in round
numbers £58,000 in the hands of the South-Western
to meet £33,000 of liabilities of the Portsmouth
Railway. These accounts had been very closely
looked into by the directors of the Portsmouth
Railway, and they had expressed an opinion that
after meeting all the existing liabilities there would
be a considerable sum to divide among the proprie-
tors.

In reply to several questions put by Mr. HERA.
PATII,

The CHAIRMAN stated the result of the agreement
would be to give £lB,OOO a-year, and no more, to
the Portsmouth Company ; that the average inte-
rest paid by the London and South-Western Com-
pany during the last seven years had been 4; per
cent. upon its debentures ; and that the amount
payable on the Portsmouth debentures would be
rather more than that on a portion of them, but as
they fell due they would be renewed at the same
rates of interest as the London and South-Western
debentures, and that under the most favourable
circumstances the shareholders of the Portsmouth
Railway would not receive more than 31 per cent.
on the capital which they had invested.
The motion for the adoption of the report having
been seconded by Mr. TITE, M.P., vas unanimously
agreed to.

Resolutions authorising the directors to enter
into the deed of amalgamation, upon the basis of
the terms read to the meeting, were agreed to, after
a long and desultory conversation, in which Mr.
Michel, Mr. Sergeant Gazelee, Mr. Tite, Mr. New-
port, and others took part.
Mr. TITE, M.P., in proposing a vote of thanks
to the chairman and the directors for having
brought the negotiations to a satisfactory conclu-
sion, wished to know whether there was any,
truth in the report which was prevalent at South-
ampton, to the effect that the directors of the
London and Scuth -Western Railway had prevented
the employes upon their line from joining any of

the volunteer forces which. were now being raised at
Southampton and els ewhe re, and said that he should
very much regret if trley had determined to inter-
fere in this respect with the right which every Eng-
lishman possessed of jo,.ning any body of volun-
teers.

The CHAIRMAN, in returning thanks, said that
the directors had not interfered in the manner re-
ferred to by the hon. proprietor, as they felt they
had no right to interfere with the after hours of
their employes. With respect to the a:Tangement
now made with the Portsinouth Company , he wished
to avoid the impression going abroad that the Lon-
don and South-Western Company had made a bad
bargain. They could not suppose that a district of
country so wide as that betwixt the Three Bridges
on the Brighton Railway and Winchester would,in
the face of what was going on in every part of the
country, be allowed to remain long unoccupied by
a railway. When such a line had been made it
was very much better that it should be in the hand•
of the London and South- Western than in any
other. The Portsmouth Railway had not been
handed over to the South-Western Company upon
terms which were anything but remunerative to
the shareholders who had made it, and for a sum
considerably less than the South-Western Company
could have made it. He believed that it would not
be an unprofitable transaction for the South-Wes-
tern Company, and the reports which bad been
received from those conversant with the traffic upon
the line were of an encouraging nature with respect
to the future.

In reply to a question put by Mr. HERAPATH,
The CHAIRMAN stated that the directors were on
the most perfect terms of amity with the London
and Brighton Railway Company.
The proceedings then terminated.

At the meeting of the Portsmouth Railway share-
holders resolutions authorising the directors to carry
out the agreement upon the basis of the terms ex-
plained at the South-Western meeting were also
agreed to.

COUNTRY MARKBTS

NOTTINGHAM-JAN. 28.

There was a toierabls supply of wheat on offer to-day,
the condition of which was by no means good. The trade
ruled firm, at full prices.

White wheat, now, 49e to 55% Barley, grinding, .29% to Its
Red do. 44s to 48s Oats, old, .. —s to —a
Old white 49e to 55s New do 22s to 251
Red do 44s to 48s 1 Beans.. 464 to 424
Barley, malting 38s to 45. 1 Beans, new —s to —s
Super. flour, 35s to 39s ; fine, 31s to 33. per 20 stone.