The Sun.
London, England, 1850-09-06 00:00:00

RAILWAY INTELLIGENCE.
LANCASHIRE AND YORKSHIRE.
After our yesterday's report was closed, the chair-
man having decided not to put the amendment of Mr.
Coates for the admission of the fifth shareholders to
dividend with the general shareholders of the com-
pany, another amendment was proposed by Mr.
Coates, to the following effect :
" That it is expedient that the claims of the holders of
fifth shares be settled, and that the directors be requested
to enter into negotiations with those shareholders, and
report the result at a special meeting to be held on or
before the lit of November next."
After some discussion this amendment was adopted.
Mr. VANCE desired to know whether, under those
circumstances, the directors would enforce the call of
11. 10s. per share which had recently been made upon
the fifths ?
The CHAIRMAN said the board was of opinion that
the call could not conveniently be postponed.
Mr. W. MARSHALL said he had already paid his
call, and he was in a po.ition to say that it would be
highly prejudicial to the interests of the company un-
less the call were enfirced. It was a sacrifice which
the holders of all descriptions of stock must make in
relative proportions on procuring loans, and he thought
it behoved the holders of fifths not to throw any finan-
cial obstacles in the way of the board.—(llear.)
A pledge was subsequently obtained from the
chairman that the call should not be made at present.
The CHAIRMAN then prcposed that such of the
shares in the Huddrrsfirld and Sheffield branch as are
paid up should be consolidated into stock.
The resolution pa'sed.
The CHAIRMAN then introduced what was in reality
the vital business of the day, namely, the considering
and determing upon the reduction and re-constitution
of the board of direction. The meeting had lasted
upwards of six hours when the question was intro.
duced ; many of the shareholders had left the hall,
and those who remained showed palpable symptoms
of restless impatience. The chairman described the
proceedings at several meetings of the company held
since March last, at which it was decided that the
number of directors should be reduced from thirty to
twenty, at which a joint committee of shareholders
and directors was appointed to determine upon the
mode in which the change could best be effected, 20
as to introduce some " new blood " into the direction.
On the 16th of July this joint committee sub-
mitted to the directors the following list, which they
proposed should constitute the new board, the first
ten gentlemen being previously members of the direc-
tion, and the last ten new members of the board :
Gorge Anderton, Thomas Broadbent, Robert Gill,
H. Houldsworth, James Hatton, Edward Harper,
William Marshall, William Stuart, George Wilson,
H. W. Wickham, John Brogden, Thomas Barnes,
Ralph Creyke, William Evans, Samuel Fielden, J.
Hargreaves, jun., Francis Mowatt, M.P. James Mel-
lor, William Rawson, and Absalom Watkins.
Mr. LEEMAN, of York, objected to the list, on the
ground that the Yorkshire towns were not fairly re-
presented. He conceived that all the large towns on
the line should be represented, and it had formerly
been the practice to have the board constituted half
of Yorkshire and half of Lancashire gentlemen, with
the addition of one or two from London, or from a
distance. The Hon. Proprietor submitted a list
which would give to Lancashire 13, and to York-
shire 9 members, viz —" That the board be reduced
to 22, including the gentlemen who have seats in
right of agreement with other companies, and that the
following gentlemen constitute the board so reduced :
—Henry lloulds worth, George Wilson, John Smith,
James Hatton, and Samuel Brooks, Manchester ;
William Stuart, Liverpool ; R. Gill, Wigan ; W.
Marshall, Preston ; Captain Laws, near Bolton ; C.
P. Grenfell and L. Schuster, London ; Joseph Bate-
'on, Leeds; William Rand, Bradford; Henry W.
Wickham, Low Moor ; George Anderton, Cleck-
heaton ; C. 11. Jones, Huddersfield ; William Moxon,
Pontefract ; James Audue, Selby ; E. B. Beaumont,
B arneley ; W. Radcliffe, Rochdale ; William Hornby,
Blackburne ; and that the 16 old directors be re-
quested to reduce themselves to such a number as to
admit of the election in their places by the board of
all or any of the following gentlemen :—Mr.Botterill,
Leeds ; Mr. Mellor, Liverpool ; Mr. J. Hargraves,
Southport ; Mr. Thomas Barnes, Bolton ; Mr. Samuel
Fielder), Todmorden ; and Mr. Ralph Creyke, Raw-
Mr. ROBERTS, of Chester, seconded the motion.
Mr. MOWATT proposed that the discussion be ad-
journed to the next day at 10 o'clock.
This proposal was made at 9 o'clock P.M., and the
question of adjournment was still being discussed a
few minutes before midnight.
Mr. GASQUOIGNE proposed that a special meeting
to consider the construction of the board should be
called for the 2d of October.
This motion was ultimately carried, the meeting
having lasted nearly 12 hours. Previous to this Mr.
Mowatt canvassed the members of the board present,
and from them individually obtained a pledge that on
the day of the meeting their seats should be at the
disposal of the shareholders.
A committee of ten gentlemen was appointed to
make another selection of a board, to be submitted to
the special meeting.

AIRDRIE AND BATHG iTE JUNCTION,—The half-
yearly meeting of this company was to have been
held in Glasgow on Tuesday, but as the shareholders
in attendance did not amount to a quorum, no busi-
ness was transacted. The following is a copy of the
report issued by the directors :—" The directors have
to report that, in terms of the resolutions of the last
half yearly meeting, they, on the sth April last,
lodged in the Commercial Bank 1,1961., to pay the
year's interest then due to the shareholders on the
sums paid up by them on the shares held by them re-
spectively, and issued circulars with warrant to each
shareholder for payment. The directors now produce
account current as balance-sheet at 31st July, 1850,
audited and confirmed by auditors of the company,
Which :bows the balance in the hands of the directors,