The Sun.
London, England, 1858-02-13 00:00:00

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RAILWAY INTELLIGENCE. N EIY sp
ATER
GREAT WESTERN. •
.•••
Yesterday the forty-fifth half-yearly meeting- the shareholders in this company was held at Paddington:,
the Hon. F. Ponsonby presiding. • -
The advertisement convening the meeting ha rag Win_ 2 - :;164
read,
The CHAIRMAN
u informednadpptriApprehension
ntsHhi
oeen meetingthoefn
Decently circulated as to the discovery of frauds in -the a S
company
mwaiatrnhkdosuuttihfrooen the report of the directors, which
proceeded c ef offender,
tor :sakewas:
so
some
entirelyre
has already appeared in our columns. In the first place,
he made reference to the late commercial distress, and
referring to the state of the company's finances at the
last halt-year, congratulated the shareholders upon the
satisfactory state of their affairs. A wish had been
expressed by the proprietors that four gentlemen
of commercial habits and practical experience be
added to the board of directors, and he was now able
to state that the directors were now ready to
redeem the pledge which they had given by adding
to the direction, in addition to the gentleman whose
name had previously been mentioned, the names of S.
Baker, R. Brown, and Mr. Beaming. The fatal estimate
of expenses for the year was exceeded by 9,000/., though
in respect to the purchase of land the estimate was under
the mark. The directors had succeeded in making re-
ductions in the number of trains, and thereby an addi-
tional profit upon every passenger would be received.
It was hoped that a still further reduction would result
from the completion of an arrangement now pending
with the London aid North-Western Railway Company.
Further reductions in the expenditure would be made
by dirnin:sbiug the number of persons employed, by a
voluntary giving up by Mr. Saunders, the secretary, of
20 per cent. of his salary, and by no remuneration being
given to the directors for their services during the
last few years. (Hear, hear.) With regard to
the relaticns of this company with other com-
panies, amicable arrangements bad been made, and
were now being negotiated. He expressed the readiness
of the board to centinue the policy of retrenchment, and
to use their best endeavours to advance the interests of
the company. In conclusion, he moved the adoption of
the report.
The Rev. Mr. NICHOLSON seconded the motion.
Mr. MILES, M.P., congratulated the company on the
speech which they had hears from the chairman, and
recommended the proprietors to place confidence in the
board and make them an allowance of 2,500/. per annum.
After considerable discussion the report was adopted,
as also the proposition of Mr. Miles,

A dividend at the rate of Iper cent. for the half-year
was declared, the retiring directors were re-elected, and
after a ►ot, of thanks to the chairman, the meeting
separated.

RAILWAY AND OTHER BILLS IN PARMA-

111UNT.

Yesterday the following applications for new railways
were declared to have complied with the standing orders
of both houses of parliament :
Limerick and Castleconuel Railway.—For a railway
from the terminus of the Limerick and Castleconnel
Railway to Klllaloe, at a cost of 37,0001.
South Eastern Railway and Mid-Kent Railway.—
authorise the leasing of the Mid-Kent Railway (From.
ley to St. Mary Cray) t• the South Eastern.
Chaster and Holy head Railway--For arrangements
between Chester and Holyhead, and London and North
Western, and power to Chester and Holyhead to raise
200,0001. by preference shares.

Merthyr at:maim:l Railway.—At an estimated cost of
80,000!•

Ely Valley Railway.—For Mwyndy ibraneh,
Ulver4tone and Lancaster Railway.—For sale or lease
to Furness Railway, and power to raise 150,0001, by
new shares.

Taft Va'e Railway.
Londonderry and Coleraine Railway.
Westminster Improvements (appointment of niana•
p ), Landaff Markets, Hove Improvement, Madras
I tigation and Canal, Blimspill Harbour, Tees Conset-
Taney, Yar Bridge, Ctorba!a Property and Liabilities.