The Sun.
London, England, 1860-04-13 00:00:00

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RAILWAY INTELLIGENOE.

METROPOLITAN.

A resolution approving the bill was ull in imously
adopted.

The CHAIRMAN called attention to the necessity
of assisting the proposed palace at Muswell-hill, on
the ground that if constructed it would greatly in-
crease the traffic on their line.
Mr. PEARSON thought that an effort should be
made to get up a demonstration in which all the
shareholders should join, and all persons on the
line whose property was affected by the railway
works. It was proposed that the Lord Mayor
should lay the first stone at the junction with the
Great Western Company, and that the ceremony
should be celebrated in every way worthy the oc-
casion.

Mr. PARSON would put down £5O, and thought
the expense of the ceremony and dinner might be
raised by subscription.
The meeting then adjourned.

PERNAMBUCO.
The half-yearly meeting of this company was held
yesterday at the London Tavern; Mr. R. Benson
in the chair.

The report stated that the works had been taken
possession of by the company in consequence of the
contractor not having proceeded with his contract
as he had engaged.to do. Reports received by the
directors from Brazil showed that the company's
engineer was prosecuting the works with vigour.
The traffic continued to improve. The diminution
in the goods' traffic of the last half-year arose
from the shortness of the sugar crop, which was
said to be scarcely more than half that of the
previous season. The receipts for the half-
year ending the 31st of January last amounted
to £8,548 against £7,191 in the corresponding half
of the preceding year, showing an increase of
£1,357. The total receipts for four half-years end-
ing 31st January last amounted to £30,235. With
regard to the loan from the Brazilian Govern-
ment, the law of August, 1857, had at length
been put into operation by the raising of a loan,
of which £400,000 was in virtue of that law ac-
corded to the company. The directors had accepted
a tender from Messrs. Waring Brothers, who had
contracted to finish the second section of the line,
now approaching towards completion, for a per-
centage upon the actual outlay, and to construct the
third and fourth sections, taking for a basis, as re-
garded those sections, the original estimates of Mr.
Borthwick, the company participating in any profit
or loss upon the contract. With a view to insure
the completion of the line within the time required
by the provincial concessions—viz., Dec. 2, 1861—
the contract provided that Messrs. Waring
Brothers, should be entitled to a bonus if they suc-
ceeded in accomplishing it.
The CHAIRMAN, in m )ving the adoption of the
report, stated that the arrangement they had made
with Messrs. Waring Brothers was the best that
could be made under the circumstances, and he had
no doubt that the works would be finished by the
23 December, 1861. After some discussion, the
report was adopted.

A special meeting of this company was held yes
terday at the London Tavern ; Mr. W. A. Wilkin
son in the chair.

The CHAIRMAN said the meeting was held, in
compliance with the standing orders of the House
of Lords, for the consideration of certain bills now
before Parliament.
Mr. BURCHELL, the solicitor, read the heads of
the first bill, termed the " Metropolitan Railway
Act, 1860." It had passed the Home of Commons,
and was in the House of Loris. The object of the
1 bill was to authorise the company to extend the
works, to purchase certain lands for stations, and to
alter the level of certain streets, with power to use the
markets in Smithfield. Extension of time for mak-
ing the railway. There were also clauses enabling
the company to release the deposit on the first
capital of £300,000, and the second capital of
£700,000, authorised by former acts.
A motion approving the bill was adopted unani-
mously.
The next bill was the Great Northern and Metro-
politan Junction Act, 1860. It authorised ajunction
with the Great Northern on the west side.