The Sun.
London, England, 1850-08-30 00:00:00

S
,M 9 AUGUST 30, 1850.

93 per lb. Eggs-4s 2d to 4s 4d per hundred. Coals—
Newport 14s; Lydney 15s Od; Smiths' 14s Od ; Cohn
13e Od per ton. Tal!ow 38s Od to 003 per cw'.
Whisky, 25 o. p., Ss 6d per imperial gallon. Meat
—Beef 4d to 40; mutton 41 to 6rl; veal 4d to
5d ; pork 40 to Od ; bacon 6d to 7d ; sausages 5d per lb.
flops 710 s to 0/03 per cwt. Bangor slates 312. tid to 3/ 53 per
ton. Bark—Barbary 7i 5s to 815 s ; %Word& 15/ to Od; French
61; Spanish 91 to 101per.ton. Fleece Wool 15, to 00s per stone.
Hemp 32/ to 34/ per ton. Fish— Scotch herrings 13s to 14s ; red
ditto 15s to 20s per barrel ; Newfoundland 81 10s to 9 lOs ter
ton. Timber—Memel, 80s per ton; red rine, 31 lOs; yellow
ditto, 2/ 153 per ton; deals, 131 to ISt per 100. Elides—
Market 20s to 325. salted 211 i to 32, per cwt ; calf skins
3d to 31id per lb Potatoes, white 35d to ed; • Minions
Od to 03 ; Guano— Paruvian, Ill; Ichaboe, 8' 109 per ton ;
'far—A rehangel, 19s per barrel.

RAILWAY INTELLIGENCE.
VALE OF NEATIL

The half•yearly meeting of this company was held at
Cardiff yesterdiiy-4r. Meyrick presiding.
The report of the directors set forth ths satisfactory
progress which had been inane in the works since the
last meeting. The contract for the construction of the
viaduct over the river and:mtnal at Neath, connecting
this with the South Wales Itlitvray, ,had beCa let
upon advantag ,otts terms; and within the original esti-
mates. The a hole of the works beneath Neath and
Abprdare wer,4 now let, and in an active state of pro-
gress, widaevefy prospect of being open for traffic in the
ensuing spring. During the half7year large arrears of
calls (amounting to 36,5811.) hid been got in, and
amongst other arrears were malzy that had been consi-
dered almost hopeless.

The CHAIRMAN, in addressing the meeting, spoke in
kighly stinguine terms of the prospect of receiving an
early legitimate dividend. The sum mentioned a re-
quir.3d to complete the line betweeu Neathoind Abardare
would leave a large margin for the purchase of rolling
stock. In conclusion, the Chairman said that he could
not but think, that looking to the resources which the
Vale of Neath Itailw4y possessed for traffic, it would
prove ono .ot the lint paying lines in the kingdom.
The report was adoiltA non. on., certain shares were
ordered to be forfeited and sold,' and the usual resolu-
tions were passed.

NORTHERN COUNTIES UNION.
The half-yearly meeting of this company took place
yeaterday at the iLendon Tavern, Bishopsgate.street;
Maier W. Beresfird in the chair.
The report stated that since the last half-yearly meet-
ing the directors had continued their efforts to collect
the arrears of calls due• to the company. The result cf
the trial of an action brought by the company against
an influential shareholder for the arrears due upon his
shares had set at rest any doubt of the power of the
company to recover legally all arrears of the call. The
directors had constepently given instructions for pro-
ceedings to be immediately taken against all defaulters,
except in cases where there were strong grounds for be-
lievieg that such steps would he entirely useles. It
would be observed that during the last session of Par-
' liament a general Act had been passed for facilitating the
abandonment of cf.rtain railways and dissolving the.com •
!rallies. The directors had reason to congratulate their
shareholders upon the course hitherto adopt-d at the ordi.
nary general meetings,of not prematurely, at great expense
and wiAl a doubtful prospect of success, attempting to
obtain a special Act for this company. The provisions
of the' Act were generally applicable to their company,
but the director:; were of opinion that some of its causes
were of such a character as to demand their especial and
deliberate consideration, and that any hasty adoption of
its powers would he highly inexpedient; and they there•
fore intended to submit a resolution on the subject,
which would enable the directors to take with proper
caution the necessary steps when safe and desirable. The
bal.stice-shect showed tbat the receipts had amounted to
221,5311., and the expenditure to 192;237/, leaving a
balance of 29,3441.

The CHAIRMAN, in moving the adoption of the re-
port, said the directors had conducted the affairs of
this company with a view to the strictest economy.
The balance-sheet for the last half-year was less than
on any previous half-year. Th4y were in this position
et the present morneet—they had commenced a certain
portion of works, and spent a certain portion cf money
upon them, and they thought that further expenditure
on the works would not be prudent.—(Hear.) It had been
suzgested that they should get an Act specially to au-
thorise the company to dissolve and distribute the funds
in hand; but the wisdom and propriety of that course
appeared pestionsble while they expected a general
measure to pays which would eeable them to effect that
object. He th,n went into the machinery to he made
use of under the Act to carry out the abandonment and
dissolution of railways, and proceeded to show that it
would be inexpedient to apply it to the position of the
Northern Celuities Railway, inasmuch as there were
many outstanding transactions in connexion with this
company. Then there was another consideration, that
of entering into Egreement3 with other companies for the
purchase of their line; and, looking at all these circurn-
stances, the directors thought that they could not on
this side Christmas prTeed under the proposed Act. He
concluded by moving the acio?tion of the report.
Some discussion arose as to the salary of the secre-
tary, and Mr. Smith moved that it bs reduced from
5001. to 3001. per annum; but subsequently withdrew his
resolution.

The motion for the adoption of the report was then
carried unanimously, as also a resolution confirming the
forfeiture of 265 shares, and that the directors ba
requested to ascertain what terms can be made for sale
of the portion ( f the line already constructed, and, as
soon as they may deem it advisable, to call a menting
under the Act, to sanction the abandonnaerit of all the
remaining parts of the railway which the company was
now authorised to construct.

After a vote of tho.nks to the chairman and directors,
,he meeting separated.

AMBERGATE, NO rIN GUAM, AND BOSTON.
The half•yearly meeting of this company was held at
Nottingham yesterday; Mr. W. Fletcher Norton Norton,
of Elton Manor, presiding.
Alter the SECRETARY had read the report,
The CHAIRMAN briefly proposed its adoption,
Mr. KING asked the precise meaning of the word "en-
gagements" in the following paragraph:
"In reference to the balance-sheet, your directors beg
to state that they do not intend to make aoy further call
until after February next, prior to which every exertion
will be made to recover the amounts now in arrear, as
also to ascertain the precise sum that may be required
to fulfil the engagements of the company."
He liegged to Move, in order to put the matter beyond
question, the addition of the following clause:—" Both
as regards the c )mpletion of the railway and the canal
pu,chasea, and than thry also be prepared to suggest to
the proprietors the means of meeting such engagements."
He thought it was quite time the subject should be taken
into consideration.

Mr. WILSON, of Grantham, said that he had never
heard that they were bound to take more than one of
the canals, and objected to the amendment being in the
plural term.

Mr. HUGH ORENHAM, of London, moved as an amend-
ment that they should not pay for the canals unless they
were
Mr. HIBLEY wished to he informed how many of the
directors were canal proprietors.
The CHAIRMAN replied that some of the directors
were also canal soareholders.

Mr. KING wished a modifying clause to be inserted in
his resolution, but he ultimately withdrew it altogether.
In answer to Mr. MARTIN, it was stated that the pas-
senger traffic alone was equal to the expenses of the
railway. The total receipts were, on au average, about
2401. per week.
The report was then adopted.
The following out-going directors were then unani-
mously re-elected:--Air. Robinson, Mr. Wilkinson, Mr.
Durham, and Mr. Thornton. Mr. John Swann was
also re-elected an auditor.
No few, r then 10,582 shares, on which a sum of
33,392/. 12:,. 6 bad been paid, were then forfeited. The
total sum paid on shares forfeited by the company now
amounts to 38,533/. 2s. 6d.
A vote of ttlaaks was then given to the Chairman,
and the meeting broke up.

LLYNVI VALLEY.
The half-yearly meeting of this company took place
yesterday at the offices, 449, West Strand; Mr. W.
Mattliewa in the chair.

The SECRETARY read the report, which stated that no
material change had taken place in the comnany's affairs
during the last six months. The South Wales line had
been recently opened from Chepstow to Swansea., but as
no arrangements had been made to accommodate the
mineral traffic, and the connexion of this line was not
completed, no estimate could be farmed of the effect
which it was likely to have on their traffic. The
antici-
pations of an increase on the revenue had been realised
to a small extent, and though the traffic had not equalled
what the importance of the district had led them to
expect, as a gradual revival of the mineral interests
appeared to be taking place, the railway seemed
likely to prOgress, so as to give them the increased
revenue which they anticipated. The profits of the half-
year available for dividend amounted to 1,5611., out of
which the directors recommended the payment of a
dividend at the rate of 4 per cent. per annum on the
paid-up capital, amounting to 1,509/., leaving a balance
of 521. to be carried to the next account. The claims of
the holders of the new paid-up stock, under the provi-
sions of the Amalgamation Ac:, to be reserved as before.
The CHAIRMAN, in moving the adoption of the report,
said that he considered the increase of traffic most satis-
factory, though they had not yet realised all that they
had expected. During the last half-year they had car-
ried over their line 239,634 tons of goods, against
200,977 tons in the ettfri,,pottding half of last year, heing
en inere ;se of about 39,003 tons. The money receipts in
the :-e me period have increased from 6,682/. to 7 9391.
Af.L:r a short discussion the rapart was adopted, and
the dividend, at the rate of 4 per cent. per annum, de-
clared.

A special meeting was then held, at which a com-
mittee was appoint' to LAT.° into considt ration the
affairi and prospects of the c flaptany.
Thr olecling thc:a teparatcd.

[PRICE SD.

the company, at 50, Old Broad-street. Mr. Aglioeby,
M.P., was in the chair.
The SECRETARY read the report as follows:
" Mr. Stephenson, the managing director, and Mr.
George Turnbull, the resident engineer-in. edef, en -
barkud for Lena on the 20th of March last, wriving h t
Calcutta the latter end of April.
" The directors have received a very interesting report
from Mr. Turnbull' ae ,to the line of railway which, in
nis opinion, should be first constructed; and the directors
have the gretfication to state that the report entirely
confirms the views already taken by the board on this
question.
"The board understand that the Government, engi-
neer has also made a report to the Government of India
on the same subject, and that the views of this -officer and
of Mr. Turnbull, upon all essential matters, are in per-
fect harmony.
" The board further understand that the report of the
Government engineer has been forwarded by the Legis-
lative Council of India to his Excellency the Governor-
General for eanction. In the meantime. Mr. Stephenson
has received, through his Excellency's Secretary, ' his
Lordship's assurance that his best and constant atteetion
will be given to the undertaking, and that he entertains
an anxiuus desire to facilitate, by every means at his
command, the operations of the East India Railway
Company, and to secure the successful conduct of an en-
terprise in which both the Government and the share-
holders have so great an interest.'
"Pending his Lordship's decision, the board confider
that it would be premature to print Mr. Turnbull's re-
port, but it is open for the inspection of any shareholder
who may wish to see it.
" The statements which have appeared in some portion
of the Indian press, and thence copied into the home
journals, anocuucing the abandonment ot, the under-
taking, are totally untrue.
" The directors think it right to correct a misappre-
hension which has been industriously circulated, to the
effect 'that the capital of the company is limited to
1,000,0001. sterling; and that, in consequence of such
limitation, and of certain proposed details of construc-
tion, the experimental line to be laid down by this com-
pany must terminate at such a point as to prevent its
euieg reenuttere tise.',. The iin.e &tat to be made is to be a fair
experiment, and is to be carried to "'hitch' a deli-rale
point as, in the opinion of the Government of India, will
render it sure of being so. If the million of capital be
insufficient for this object, new capital is to be raised
under the guarantee of the East India Coinpany, on pre-
cisely similar terms as the original capital.
" In a return presented to the House of Commons, in
July last, on the subject of ' Railway Communication in
India,' is a copy of a dispatch addressed by the Court of
Directors of the Supreine Government of facile, on the
subject of the contracts between the East India Company
and the railway companies, and coateius, in explanation
of this particular point, the following extract—
"'Clause 17 provides for the excess of capital which
may be required above the respective sums of 500,000/.
and 1,000,0001., in order to complete the exact length
of line which may be determined upon. In the first
place, our guarantee extends only to those sums, but as
it is impossible exactly to define the cost of the under-
taking beforehand, and more especially as in neither
case is the exact route fixed, and in the case of the East
Indian Railway the point of its termination is not even
fixed, it was necessary that some provision should be
made for any margin either of excess ur deficiency of ca-
pital necessary to complete these experiments. In the ease
of the Great Indian Peninsular Company, the two points
of. Bombay and Callyan are determined, but in the case
of the East Indian Railway, the starting point (Cal-
cutta) only is fixed. You will not only have to deter-
mine the exact route of this line, but also the point to
which it would he most expedient, with a view to a fair
trial of the experiment, it should be carried, always hav-
ing reference to the sum which is contemplated to be
expended. And you will have to determine„ in the
event of the sum mentioned in the contract (1,000,0000
appearing sufficient only to bring the line to some inter-
mediate point, at which it would be undesirable to stop,
whether you will make your terminus at a nearer or
more distant point, and to that ,extent increase or de-
crease the capital as the7case may be, and the surplus or
deficiency will be dealt with as provided for in the 17th
and 27th clauses of the contract. In the one case, the
capital will be increased on the same terms as the original
capital; in the other case, the excess will be retuned to
the shareholders.'
" Upon a requisition from Mr. Turnbull, the board,
with the sanction of the East India Company, have sent
out by the steamer of the 20th of the present month
three additional engineers, and have authorises the ap-
pointment of a fourth on the spot. The services of these
gentlemen will, therefore, be availstde at the commence-
ment of the ensuing cold season in India.
"The board adopt this medium of acknowledging and
communicating to the shareholders the liberality of the
Peninsular and Oriental Steam Navigation Company in
reducing the passage money of the engineers and others
who have proceeded to India in the service of the
company.
" The accounts are made up annually, and, conse-
quently, are not submitted, at the half-yearly meeting;
but it will be satisfactory to the proprietary to know
that the interest guaranteed by the East India Company
is now accruing upon the sum of 354,567/. 55., being the
amount paid into the treasury in London up to the 30th
June last, and upon 2,4241. Is. 8d , the amount raid into
the Government treasury at Madras.
"Pending negotiations for carrying out the details of
the contract in India, the company's funds in Calcutta
were invested in Government' loans. The last mail
brings intelligence of arrangements baying been con-
cluded with the Government for the transier of these
funds to the treasury, in accordance with the terms of
the contract."
Tho CHAIRMAN said the report so fully explained the
position of the company's affairs, that he had only to
congratulate the proprietors on the prosperous progress
of the undertaking, and the point to which it had now
arrived. He wished, however, to correct a misrepresen-
tation which had been very extensively circulated by
the Indian press, and caught up and propagated by a
portion of the press of this country, to the effect that the
capital of the company was limited. This notion was
quite erroneous; it was true that the sum of 1,000,000/.
had been fixed in the case of the Madras Company, and
500.000/. in that of the Bombay Company; but this was
merely for the preliminary operations and the portion of
the line to be formed in the first instance, &c. The di-
rectors were quite prepared to raise 3,000 Oeo/., if ne-
cessary, end he had no doubt the money would be
very easily obtained. He submitted that the report
should be adopted.
After a few words from Captain BARBER and Captain
ANDERSON, the report was adopted accordingly.
Mr. ildoceterTA expressed the entire confidence felt by
himself and the shareholders generally in the present
direction; and moved a vote of thanks to the directors
for the fidelity, zeal, and success with which they had
promoted the interests of the company, which was
agreed to.

FLEETWOOD, PRESTON, AND WEST RIDING

JUNCTION.
The half-yearly meeting of this company was held
yesterday at Preston; Mr. T. B. Addison in the chair.
The CHAIRMAN read the report, which stated, that the
junction of the company's line with that of the Preston
and Wyre Company has been completed, and is attended
with a considerable and progressive increase of traffic.
Agreements have been made with neighbouring com-
paniei as to the rate of toll, and other arrangements
are in progr2ss for extending the market for Longridge
stone, an article 'of traffic which alone may be expected,
before long, to clear the annual payment to the Preston
and Longridge Company. The present liabilities on
capital account may be taken to amount, in the %hole,
to 17,156/ ; and to meet them there is owing to the com-
pany for arrears of calls, which may be considered good,
13,2891.; surplus land unsold or not paid for, 1,6501.;
and stock in hand valued at 3,3351. The directors trust
that the shareholders will place it in their power to dis-
charge these liabilities forthwith by paying the calls al-
ready made, which, unless some uolooked•for default
should be made, will, it is expected, be sufficient to place
the company free from debt. The directors have come
to a resolution to relay the line of the . Preston and
Longridge Railway from Grimsargh to Longridge, from
the company's stock la hand. The old rails and sleepers
have now been in use above ten years, and were not
adapted for a traffic worked by locomotive engines.
The report was adopted.
The CHAIRMAN stated that he hoped, on an early oc-
casion, to meet them to declare a dividend.
A vote of thanks was passed to the Chairman, and the
meeting terminated.

DUBLIN AND BELFAST JUNCTION.
The half yearly meeting of this company was held at
their offices in Dublin, on Wednesday; Mr. Barlow, the
vice-chairman, presiding. The report of the directors
contained the following passages:—
" In submitting to the proprietors the accounts for the
half-year ending the 3Cth June, the directors have the
satisfaction of being able to announce that there are now
thirty-two miles of railway finished—that portion of the
line from Dundalk to Wellington Inn, ton and a half
miles, having been opened for tho onnveyance of piasen-
gers and merchandise on the 31st of July, and that since
that period the improvement in the treffil has cxceeJcd
their expectations. In order to increase it as much as
present circumstances will allow of, a contract has been
entered into with a respectable coach proprietor, by
which travellers going to and from Belfast are expedi-
tiously conveyed beyond Wellington Inn station, near
Newry, and Ported° wn (being the northern terminus of
Your railway), by omnibuses, at a moderate charge. . .
The result of the half-Seat's traffic, ending 30:h June,. is
as follows:
Passengers' Ist Class, 8,673; 2d Class,
17,166; 3d Claw, 1801
Merchandise ...
Mails
...
Rent
Interest on Rolling Stock

... £5,524 6 10
... 1,101 610
... 1,929 12 6
.. 50 0 0
... 697 17 11

Taal ... .5U3 4 1
." The directors do not anticipate that your traffic
will be fully developed until the junction with the
Dublin and Drogheda BatlWay Comp.toy's line, by the
formation of the viaduct over the river Boyne., and that
Of the northern portion of your.line is completed. The
proprietors will perceive that the net gain on the
working 9: the use tor one per au4 four and • holf