The Sun.
London, England, 1867-08-29 00:00:00

CAMBRIAN.

A meeting of debenture-holders and others
interested in this company was held last week at
the Station Hotel, Crewe; Mr. J. Bancroft in the
chair.

The report of Messrs. Price, nolyland, and
Waterhouse, accountants, showA .that the total
capital raised on account of the Cambrian Railways
amounted to £3,434,837, of which £824,205 was in
ordinary stock, £1,760,170 in preference stock, and
£850,462 in mortgages. For the Aberystwith and
Welsh Coast Railway the total capital raised
amounted to £1,394,332, of which £265,420 vas
in ordinary shares, £300,460 in preference shares,
and £106,088 in mortgage bonds. The works on
the several lines had been executed by Mr.
Savin, but it did not appear that a proper contract
had been entered into until a few days previous to
Mr. Savin's suspension, and that he was then in-
debted to the companies to the extent of £203,513.
The accountants stated that the Amalgamation
Acts under which the Cambrian Company had been
constituted were perfectly unintelligible, and the

interests of the various classes of stockholders ap-
peared in several instances to be in direct conflict,
and consequently it was of the utmost importance
that an endeavour should be made to re-arrange
the interests of the proprietors under a scheme which
should be acceptable to all.
Tlie CHAIRMAN sail the object of the meeting
was a friendly conference between the parties in-
terested in the Cambrian property. He suggested
that the present Amalgamation Acts should be re-
pealed, and that powers should be obtained to merge
all the sections into one company. The capital,
which now amounted to £3,600,000, should be re-
duced to £2,250,000. The object of the reduction
was two-fold ; first, with a capital so large they
could not expect to declare any considerable dividend
and maintain a good credit before the public;
secondly, if the London and North- Western, or any
other large company desired to purchase the Cam-
brian, they would be more likely to look at it with
a capital account in an intelligible state. He pro-
posed that the bonded debt should be kept intact ;
that an equitable reduction according to priorities
should be made in every class of preferences ; and
that the ordinary stock should be considerably re-
duced. As soon as the ordinary stock received 2
per cent., then all the additional profits were to flaw
back again to the preferences.
Capt. JOHNS, a director, considered the report a
damaging one, and disagreed from the suggestions
of the chairman.
Mr. MANN advised a conciliatory course on all sides.
After a long discussion, the meeting appointed
seven gentlemen to confer with the directors as to the
proposed plan for reconstituting the company.

Naval and Military Intelligence.

The Ordnance Select Committee of Woolwich

Arsenal were yesterday engaged in the final inspec-
tion, preparatory to shipment, of the mountain equip-
ment and the various stores in course of 'preparation

or the Abyssinian expedition. A couple of the pack

saddles, on the self-adjusting principle introd aced by
Lieut. M'Mahon, were examined by Lieut.-Col. E.
Wray, C. 8., one of the members of the committee,

who expressed his regret that the saddles were not

already in store in sufficient numbers for issue ; bu

as the present was a case of great emergency, and i
was necessary to commance packing for transpor

without delay, they had no alternative but to content
themselves with the old service saddles, with a slight

Major Hunter and 72d Highlanders; Col. Harrison
and 80th Regiment ; Colonel Lacy and 56th Regi-
ment ; pioneers, bands, drums, and bugles of the
3d brigade ; Staff and Col. Greer (68th Regiment),
Acting Brigadier; Col. Synge and .43d Light
Infantry ; Col. Cooper and 70th (Surrey) Regi-
ment ; Colonel Shuttleworth and 68th Light In-
fantry ; pioneers, bands, and drums of 2d brigade ;
Staff and Major-Gen. G. Campbell, C.B. ; Major
Geddes and 44th Regiment ; Col. Wyatt, C. 8.,
and 65th Regiment. The Royal Horse Artillery,
the Royal Artillery, and the cavalry then trotted
past from the original flank, and in the same
order as before. As they passed the saluting base
the troops moved to their respective quarters, which
were reached about 2 o'clock. The weather was
very favourable for the manoeuvres, and the ground
selected being well covered with heath, none of the
discomforts of the valley were experienced.
The 70th and 76th Regiments having been re-
cently presented with new colours, with the sanction
of the Field Marshal Commanding-in-chief, the old
colours were on Tuesday deposited with considerable
ceremony in the military church of All Saints at
Aldershot, already graced with similar trophies and
memorials. The'ceremony took place at 11 o'clock,
in the presence of Lieut.-Gen. the Hon. Sir James
Yorke Scarlett, K.C.8., commanding the division,
and a large number of officers, ladies, and soldiers,
the latter representing every corps in the camp, in
full dress, and wearing their side arms and decora-

Lons,

At the hour appointed the armed escorts,
consisting of two officers and eight sergeants of the
70th Regiment, and the like number of the 44th,
acting on behalf of the 76th Regiment, marched into
the church with the old colours, and" proceeded to
the seats allotted them, while the remainder of the
troops stood up. A religious service was then cele-
brated, and at the conclusion of the Morning Prayer
the colours of the 70th Regiment were borne up the
centre aisle, while the bands of the regiment played

" The March of the Israelites." On reaching the
altar rail the colours were received by the chaplains
and placed over the altar, the band playing " God
save the Queen," and the escort presenting arms.
The escort of the 70th Regiment then retired, and
the colours of the 76th Regiment were borne up the
aisle and received in similar manner. The Rev. E.
J. Rogers, principal chaplain to the forces at Alder-
shot, then preached an appropriate sermon, which
closed the proceedings. _

TIL

'RS.

On Tuesday the London Rifle Brigade brought its
annual prize meeting, held on Plaistow Marshes,
to a close, with some competitions of a strictly

military character in contests for prizes given for
rapid firing and for shooting in skirmishing order.
The previous contests had been for prizes mostly
of great value, for good match shooting, and
chiefly with the Government Enfield. In a con-
test at what are known as the " Queen's ranges"

—namely, the same ranges as for the first stage of
the Queen's prize, Private Wyatt, who has bad the
honour of winning the Queen's prize, won the
brigade first prize, of the value of 20 guineas, pre-
sented by the Merchant Taylors' Company, and the
II company silver medal. Ms points were 118 in

going twice over the ranges with seven shots at
each. Private Gardner, with 110, won a prize of
15 guineas, presented by the Goldsmiths' Company,

and the N company medal ; Private Saw, with 106,
won a prize of 10 guineas, presented by the Drapers'
_ . .

Company, and the E company medal ; Private
Butler, with 106, won a second prize, given by the
Goldsmiths' Company, value nine guineas, and the
Q company medal ; Sergeant Wanosbrocht, with
103, won eight guineas, given by the Ward of

Cheap, and the K company medal ; Sergeant Drane,

with 102, won a prize of six guineas ; and Colour-
Sergeant Churchill, with a like score, won an equal
amount of prizes given by the ward of. Cheap, the
winners also winning their company medals. Ser-