The Sun.
London, England, 1859-04-08 00:00:00

RAILWAY INTELLIGENCE.

LONDON AND SOUTH-WESTERN.

Yesterday afternoon a special general meeting of
the proprietors of. the London and South-Westcril
Railway Company was held at the Waterloo Sta-
tidn, Rosi Mangles, Esq., M.P., in the chair.
The SECRETARY having read the advertisement
convening the meeting,
The CHAIRMAN said that circumstances had
arisen since the issuing of the circulars which
woad materially shorten the business of the
meeting. The second bill upon the list, viz., that
for authorising the amalgamation of the Portsmouth
line with the company, had not advanced sal-
ci4ntly in the committee of the House or Commons
to be submitted to the consideration of the share-
holders. The same remark applied to 'all the re-
maining bills which it was the intention of the
directors to bring before the meeting. He should
therefore move that the consideration of them be
adjourned till the 18th inst. The first bill on the
list, namely, that authorising the company to raise
£lOO,OOO capital for the construction of new works
and branches in connexion with the main under-
taking, was the only one which it would be neces-
sary for the shareholders to give an opinion upon.
he SOLICITOR having explained the various
clauses of the bill,
A SHAREHOLDER asked when it was likely that the
ruinous competition which had sprung up between
the South-Western and South-Eastern Companies
would be discontinued.

The CHAIAMAN said he was about to anticipate
the question of the hon. proprietor. The subject
alluded to had occupied the most serious attention
of, the directors. The contest which had been
entered into had neither been begun nor provoked
by the South Western Company. They had not
only made every reasonable concession to :the
South Eastern, but a g*od many which were more
than reasonable, for the purpose of preserving
peace, but without effect. The South Western had
not taken the initiative in lowering the fares ; it
was the act of the Brighton Company; and, as a
measure of self•defencc, had only been followed by
the. South Western board days after. The board,
notwithstanding the many concessions they had
made, were still ready to crime to an amicable
understanding.
A SHAREHOLDER asked, was there not an agree-
ment between the two companies that neither
should take up an independent, line running
through the districts; and had not that agreement'
been broken by the South Western :taking up the:.
direct Portsmouth line ?

The CHAIRMAN said there certainly was such an
understanding, but the South Western did not
encourage the formation of the Portsmouth direct
line. It was made in spite of them, and the board
were obliged to take it up in self-defenee ; but in
doing so they had offered the South Eastern the
most liberal traffic arrangement. The South
Eastern had, however, in the opinion of the board,
broken other parts of the same agreement. The
board had done all they could to forward a settle-
ment of the differences, and were ready to do more
if the South Eastern would 'met them half-way.
Air. PUNCHER said that the whole complication
was due to the board taking up the direct Ports-
mouth line ; that line was a bad undertaking, and
the directors had no right to purchase it With the
proprietors' money. He should move that the
meeting be adjourned, with the view of taking.
into consideration the bill brought forward, till
the 18th inst.

HERAPATTI said the bill which it was pro-
posed to sanction had nothing whatever to do with
the competition in question ; and, though -they all.
felt very strongly on that subject, they ought not
to postpone the legitimate business of the company
on that account.

Mr. Puncher's motion for the adjournment having
been put was negatived.
The CITAIRMAN then put the resolution that the
bill be approved and sanctioned by the proprietors,
which was carried.

The meeting was then adjourned till the 18th
inst. at one o'clock.

THIS DAY'S SHIPPING.

LoNnow, April B.—Wind this day at noon, S.ll . light,
with dull weather, and slight rain.
SCILLY, April 6.—Wind lcol m
Brown, from Cardiff for Smyrna; cargo shifted and
leaky.
GLOUCESTER, April 7.—Sailed—Alice, for Quebec.
CAltntyr, April 7.—Wind IV.N.W.—Sailed—Lenton,
for Quebec.
SWANSEA, April 7.—Wind W.—Sailed—Hercules, for
Coquimbo ; Staines Castle, for Cuba.
Muronn, April 7.—Wind W.—Arrived—Altna, from
Demerara for London ; short of provisions; master landed
very ill.
LIMERICK, April 6.—Wind S.—Sailed—William and
Joseph, for Quebec.
SUNDERLAND, April 7.—Wind S.W.—Blessing., for
New York.
HuLr., April 7.—Wind W.S.W.—Sailed—Pioneer, for
Quebec.
FALMOUTH, April 7.—Arnived—Anna, from Sierra
Leone.
SHIELDS, April 7.—Wind S.W.—Sailed—British
Merchant, for Ceylon; Ellen Oliver, for Quebec.

(BY ELECTRIC TELEGBATII.)
LITERPOOL, Friday Morning

Wind, S.W. ;
Arrived, April 7—White Star, from Melbourne ; Men
Monarch, from Bombay; Zouave, from Calcutta.
Arrived, April B—N. St. Pierre, from St. Malo; Eugenic,
from Havre.

(BY SUBMARINE AND BRITISH TELEGRAPH.)
GRAVESEND, Friday Morning.
Wind, W., very light; tide, six hours' ebb, fine.
Arrived—Rebecca Atrahams, from Randers ; Elise
Mark, from Wrila; Friends, from Dunkirk.
DEAL, Friday Morning.

Wind, W.N.W. ; fresh.
Passed—European, screw steamer, from London, for
Limerick.
Most of the outward bound that sailed yesterday have
put back.

COURSE OF EXCIIANGE.—Tuts DAY.
Amsterdam
Ditto
Rotterdam — 11 164. 11 17
Antwerp
Brussels — 2.5 12f 2.5 20
la mburgh
'aris
..__ . __- 25 10

Ditto . 3 Months. 25 25- 2.5 30
Marseilles — 25 271 25 321
Frankfort on Maine — 1171- ll7/
Vienna
Trieste
Petersburgh _ 3.51
Madrid
491 ..: 491

Cadiz —
Leghorn —
Genoa —
Naples
Palermo —
Messina —
Lisbon
Oporto
Rio Janeiro
New York —

.7 .
491 49
29 80 29 1
2.5 321 245 31
142101
14°211
121! 1211
52 62;
62 63i

• •
E.I. Co's bis. House Lis. 601
Calcutta, Co.'s rupee 26 24
Bombay ditto
Madras ditto 26 24
East India Company s Bills drawn, from the 18th ult to
the 25th ult.

Ben•;a1
Madras
Bombay

/313 19 0
0 0 0
0 0 0