The Sun.
London, England, 1857-08-25 00:00:00

and that the amount of the last half-year's

dend would, it was expected, together with the
assets recoverable from Redpath'e estate, be suffi-
cient to make good such losses, the bill went on to
state that the directors of the company had alleged
that the preference shareholders were not entitled
to be paid the full amount of ,interest or dividend
in respect of their stock from the 30th June, 1856,
but were only entitled from the .30th Dec., 1856 ;
and that they (the directors) had convened the half-
yearly ordinary meeting of the company to be held
on the 29th inst. and intended at such meeting to
declare a dividend out of the net profits of the coin
pany made since the last dividend was declared,
and threatened and intended to pay such dividend
to the holders of A stock and B stock with-
out regard to the r:ght of the holders of
the several classes of preference stock to be paid
the full amount of the interest or dividend payable
upon or in respect of such stock from the 30th of
June, 1856, before any dividend shall be made
upon the original ordinary stock, unless they should
be restrained from so doing by the Court of Chan-
cery., The prayer of the bill was as follows :
"That it may be declared that-the plaintiffs respec-
tively and the other holders of preference stock in
the Paid Great Northern Railway Company, on
whose behalf they respectively sue, are entitled to
be paid interest or dividends on the amount
of preference stock held by them respectively
since the 30th of June, 1856, according to the
amount of interest or dividends which the
said several classes of preference stock respec
tively carry before any payment in respect of divi-
dends or otherwise is made to any of the helders of
original ordinary stock, A stock and B stock, in
the said company, or of any such stocks. That the
defendants may be restrained, by the order and in-
junction of this honourable court, from declaring
any dividend on the original ordinary stock, A
'stock and B stock, in the said company, or of any
such stockß, or any part thereof, without, regard to
the rights of the plaint:ifs and the other holdets of
the preference stock on whose behalf they sue to be
paid in priority the full amount of the interest or
dividends payab'e upon or id respect of the prefer-
ence stock hele. by them, to be computed from the
30th June, 1856, aecording to the amount of in-

terest or dividends which such preference stack
respectively carry ; and from making or causing to
be Made, any payment for dividend or otherwise
to any of the sAid holders of original ordinary stock
without first paying or providing for the payment to
the plaintiffs, and the several other holders of pre-
ference stock, on whose behalf they sue of the full
amount of the interest or dividends payable upon
or in respect of the preference stock held by them
respectively, to be computed from the 30th June,
1856, accor.ling to the amount of interest or divi-
dends which such preference stock respectively
carry."
The question came on for argument before his
Honour Vice-Chancellor Wood, at his private house
in Great George-street,
Westminster, on Friday
last. The plaintiffs (the preference holders) were
represented by Mr. Daniell, Q.C., and Mr. Turner;
and the company by the Attorney-General, Mr.
Denison, Q.C., and Mr. Rochfort Clarke. The
whole of Friday was taken up by the arguments,
which were not then concluded. They were, how-
ever, brought to a close yesterday of einoon.
His Honour the Vice-Chancellor then delivered
9, most elaberato judgment, in which, after going
most carefully-into the facts of the case, and copi-
ous references to the various Acts of Parliament,
bearing
upon the question, he decided that the
plaintiffs we:o entitled to the prayer of the bill,
and
made a declaration accordingly. His Honour
directed that the costs of the suit should be paid
out of the funds of the company.

SALE OF WHALEs.--Ou the 14th inst. there was a pub-
lic auction of 41 whales, which had been stratided the
day previ( us at Minn, in Burra Isle. The blubber fold
at from 161. to nearly 16 guineas per tun. The heads
went at from 30s. to 40e., in lots of five each, varying in
size, The crangs or carcases 831 d at nearly 40e, fk rth
wbvle. This is the first occasion, to our knowledge, on
which the craugs were sold so publicly, and at such high
rates, for agricultural purposes in this quarter.—John
o'llroat's Journal.