The Sun.
London, England, 1850-11-29 00:00:00

MARKET IN TELLIGENCE.

(From the London New Price Current, Nov. 29.)
SUGAR.—To-day the West India Sugar market again
presented a dull aspect, and the sales were only 133
hhds, &e., still prices in nearly every instance closed
the same as on Friday last. The sales for the week are
only 771 hhds and tics.
REFINED.—To-day a fair business was concluded in
Refined goods by home dealers, and common to fine
grocery Lumps, realised 48s 6d to 51s 6d per cwt.
Crushed Sugar dull of sale at former rates.
MAURITIUS.—To• day little was done privately in
Mauritius Sugar, and none was offered at public sale,
but 5.000 bags are declared for Tuesday.
EAST INDIA.—This afternoon brown Bengal met
with little attention, and of 6,824 bags at public sale a
small part only sold at 29s 6d to 32s for low to mid soft,
which are lower rates, but good and fine were taken
in at 33s to 34s 6d; for other sorts of Bengal there
was a good demand, and at auction 2,865 bags found
buyers at full rates, mid to good like Mauritius realized
38s to 41s 6d, ord to fine soft yellow 34 6d to 39s 6d,
common and mid grainy yellow 381 to 40s 6d, and
brown 36s 6d to 383 6d, fine grainy white 49s 6d to 50s
6d; and 3 pkgs Refined Loaves 52s to 58s.
FOREIGN.—To-day there was no public sale of Foreign
Sugar, and few purchases were made by private con-
tract; former rates are supported with difficulty.
MOLASSES.—Prices of low to fine West India rule at
from 15s to 17s ; Porto Rico and Cuba 15s to 15s 6d ;
Bengal and Mauritius 12s to 13s per ewt; offers for se-
veral parcels have been refused rather under theso rates.
Jamaica Honey bas been selling at 40s to 60s per cwt.
COFFEE.—This cftcrnoon little desire was evinced to
do business in Plantation Ceylon Coffee at the public
sales of 140 casks 900 bags, whilst not above half sold
at barely previous rates; low mid to mid went at 57s to
635, other sorts 51s to 565, and low 46s to 50s. Native
is dull of sale, and 200 bags at auetion were taken in at
53s 6d, being above the value; but 28 casks good ord
sold at 52s 6d. 'The Coffee market closes with a dull
and downward tendency.
CCC3A.—This afternoon Trinidad Cccoa met with
ready buyers, acd former advanced rates are well sup
ported; at public sale 500 bags Trinidad sold at 48s 6d
to 50s 6d, tine red 555; but 100 pkgs Grenada were
taken iu at 495.

TEA,—For common green there has been a good de-
maed, ann last week's rates are supported, but mid and
fine kinds have been ()prated in with caution, stil
few holders are disposed to sell upon lower terms.
For black the maket presented a quiet aspect
during the last few days; the better sorts of
Congou sustained preuious terms, but inferior are
rather easier to purchase. Prices for ord and good
common rule at I s id to Is lid, medium Is lid to
Is 2id, and better sorts la 3d to is Bd. There is a good
demand for Scented and Pekoe 'Das at full terms. No
public sales declared, and none arrived this week.
RICE.—On the part of holders of Fast India there is
greater confidence, and the supply of all sorts at market
has been much less than for some time past. The do-
demand has improved, and. a fair business was concluded
by private treaty at fully former rates, and in
some cases a small advance has been obtained.
About 7.000 bags have been sold, and at
auction 246 bags Bengal realized lls 6d to 12s 6d for
fine white. The value of pinky Madras is is 6d to
9s 6d; Bengal low and broken white 9s to 10s, mid-
dling to good 10s 3d to Its, and superior 1 s 6d to
12s. There are, however, few buyers of cargo and
Pearl Barley, but supply being small sellers are not to
be met with under 8s 6d, and Arracan is held for 9s,
but met with little attention. Prices remain at 20s to
26s for town dressed Ceroline, and at 105 6d to 18s for
Patna, and there is a good business doing, and with cot a
more plentiful supply. Sago is not much in request, but in
prices there is at present no variation, supply being upon a
small scale, and the value is 20s to 235. Sago Flour is
cheaper, and with few buyers. At auction 300 bags sold
at 14s to 14s 6d. Of Tapioca a small part only of 500
bris sold at 2d to 44d for common to good. Arrowroot
is cheaper, and at auction 400 pkga only in part sold; St.
Vincents 6d, Grenada aid, St. Kitts 2d to 3d, Bermuda
Is 2d to Is Bd, and 40 bxs Tuus les Mois 2d per lb.
SPICES.—Today at public sale 120 bags Pimento were
taken in at 5,25 d. Of Calicut Ginger 35 cases sold at 62s
to 81s per cwt.

-r.isirrs —Leeward Islands Rum continues to be much
wanted, and in consequence of a small supply prices ad-
vance, sales having been made at Is 8d to is 9d per gal-
lon proof strength. Of East India few parcels are on
offer, and the rates obtained have been is 6d to is 7d. De-
msrara bas been in fair demand, and prices are firm, 2s 4d
to 2s havinc, been paid tor some parcels, 30 to 40 per cent
over proof. Previous terms are well supported for
Jamaico, and there is a good home trade demand, but
shippers do not appear ranch disposed to do business.
The quantity on offer is less than a few weeks back, and
the rates now current are for 30 to 36 per cent. over
proof of mid and good mid quality 2s 10d to 3s 2d, good
33 to 38 over 3s 3d to 3s 6d, fine 3s 8d to 4s, and very
fine 4s 2d to 4s 61 per gallon. The home and export
trade for Brandy has been good, and there is
a firm market. Sales of Cognac best brands cf the
vintage of 1849 have been made at 4s 6d to 4s 11d, 1848
ditto 4s I Id to 5s Id, 1847 ditto 58 4d to 5s 6d, 1846 ditto
58 10d to 6s, and inferior sorts 3s 2d to 4s Bd. Geneva
has been sold to a fair extent, common at is 7d, and fine
at is 9d to 2s. For British made Spirit trade is active
at 9s 8d to 9s 9d per gallon nett cash.
TURPENTINE.—In Spirits transactions have been on
en extensive scale this week. and prices are higher,
rvling from 35s to 35s 6d for British drawn. For rough
the rates paid are 7s to 7s 3d. Tar is in good demand,
Stockholm at 20s, and Archangel at 19s per barrel.
COCHINEAL.—There are still free sellers, and the rates
accepted have been ld per lb under those of last week.
Of 200 bgs at auction a small part only sold; Mexican
Silxers at 3s 7d to 3s Bd, Black 3s 9d to 3s 11d. Hon-
duras silvers 3s 9d to 3s 11d. Black 4s 3 to 4s 8. 7
bgs Java found buyers at 3s 8d to 3s 9d, very ord 3s 6d,
and 30 bags of Teneriffe Black 4s to 4s 2d, Silvers 38
8d to 3s 10d. For Garblings is 6d to is 9d are the
rates paid at public sale.
Faurr.—The rates paid for Currants are fully equal
to last week, and demand continues upon a large scale,
new at 44s to 425. On the part of holders there
is also much confidence. Valencia Raisins sell
readily at 38s to 395, and prime at 40s to 41s per
cwt, but the supply is abundant, and merchants
appear free sellers. Prunes is in much better re-
quest and prices have improved to 27s to 30s, and superior
32s to 355. For Jordon Almonds there was a further re-
daction, and sales are upon a limited scale at 61 16s to 91
for new. The moderate rates current for Muscatel Raisins
causes a largo demand, bunch 42s to 525, layers 54s to 755,
and very fine 80s to 95s per cwt. Sultanas are dealt
in with caution, and sellers are willing to accept 56s to
60s for good and fine. French Plums are still in small
supply, and wanted at from 31 lOs to 6/, superior 61 10s
to 101. Prices for Turkey Figs sold at 44s to 665, and
very fine at 70s to 75s per cwt. The valve of Eleme
and Chesme Raisins is 36s to 37e.

SALTPETRE.—To-day at auction 121 bags Calcutta
sold at 245, and damaged at 235.
INDlGO.—Bengal or Madras cannot be purchased un-
der the rates of the 12st quarterly sales. Other sorts of
Indigo met with a dull demand, and there has been a
reduction of 2d to 3d pr lb. At public sale 80 chts of
Manilla selling at 2s 2d to 4s; 6 chts Java 3s to 6s 9d;
14 chts Bengal good 5s to 5s 10d; 49 serons Guatemala
3s 6d to ss; and 15 chests Indigo samples 3s 3d to 5s
per lb.
METALS.—East India Tin is held for 79s to 79s 6d
British Block and Bar 80s to 81s per cwt, but not much
desire has been evinced to operate this week. Tin
Plates are only in limited request, and more desire
is evinced to sell one C Coke at 27s to 27s 6d; and
Charcoal ditto 32s to 23s 6d per box. In Speller a fair
business has been done at 161 lOs to 161 12s 6d on the
spot, and there is a large demand fcr arrivals at 16/7s 6d
to 161 lOs per ton. Pig Iron has been in good demand,
and prices continue to improve, ruling at 438
6d to 44s 6d per ton for Scotch, according to assort-
ment. In common Welch Bar Iron sales are upon a
large scale, with few sellers under 41 15s ; Rails have
been sold to fair extent at 41 15s to Si. In value of Cop-
per no variation. For Swedish Steel rates are firm;
Faggot at 151 to 15 10s, and Keg at 141 10s to 141 15s.
Lead met with :greater attention, and there is an ad-
vance, British Pig selling at 171 to 171 10s, and Spanish
at 16/to 161 lOs per tun.

TALLow.—Tc:day at auction Tallow went at full
rates; 600 pkgs South American at 34s 6d to 375; 276
cks Sydney 35s 3d to 36s 9d, but a part only sold.
OILS.—To-day at auction 58 tuns Seal Oil in part
sold, tinged 37/ to 37/ 10s, straw 351 15s to 361 10s,
yellow and brown 35/ to 361, boiled 301 to 351 ss; 24
tuna Cocoa Nut taken in at 29s Gd; 20 tons Palm ord
26s 9d.

THE LONDON GAZETTE.

(THIS EVENING.)

LORD CHAMBERLAIN'S OFFICE, Nov. 25, 1850.
The Queen has been pleased to appoint the Hon.
Mary-Frederica Seymour to be one of the Maids of
Honour in Ordinary to her Majesty, in the room of the
Hon. Elizabeth Frederica Lennox, resigned.
WHITEHALL, Nov. 28.
The Queen has been pleased to direct letters patent to
be passed under the Great Seal appointing Joseph
Humphry, Esq., to be one of the Masters in Ordinary
of the High Court of Chancery, in the room of John
Edmund Dowdeswell, Esq.
Erratum in the Gazette of Tuesday last.
Her Maiaksty's Honourable Corps of Gentlemen at
Arms—For James Fielder " Pets," Esq,, read James
Fielder '° Peto," Esq.
In pursuance of the. directions of an Act, passed in the
twenty-fourth year or the reign of bus late Majesty King
George the Third, intitu.i ed An Act to repeal se much
of two Acts, made in the tenth and fifteenth years of the
reign of his present Majesty, as authorizes the Speaker of
the House of Commons to issue his warrant to the Clerk

of the Crowu for making out writs for the election of Mem-
bers to serve in Parliament, in the manner therein men-
tioned, and for substituting other provisions for the like
purposes;" Ido hereby give notice, that the death of
Alexander Raphael, Esq., late a Member serving in this
present Parliament for the borough of St. Albans, bath
been certified to me in writing, under the hands of two
Members serving in this present Parliament, and that I
shall issue my warrant to the Clerk of the Crown to make
out a new writ for the electing of a Member to serve in
this present Parliament for the said borough of St. Al-
bans, at the end of 14 days after the insertion of this
notice in the London Gazette.
Given under my hand the 28th day of November, in
the year 1850.

CHARLES SHAW LEFEVRE, Speaker.

WAR OFFICE, Nov, 29.

3d Regiment of Light Dragoons—Cornet James Mac-
queen (Ridingmaster) to be Lieutenant, without pur-
chase, vice Travers, deceased, May 19; Cornet Arthur
Edmund Mansel, from the 14th Light Dragoons, to be
Cornet, vice Macqueen, Nov. 29.
3d Dragoon Guards—Joseph Sawyers, M.D., to be
Assistant-Surgeon, vice Richard Carmichael Bourne,
who resigns, Nov. 29.
10th Regiment of Foot—Ensign Joseph Lee Stanwell
Aldersey to be Lieutenant, without purchase, vice Gal-
loway, deceased; Sergeant-Major Michael O'Donnell to
be Ensign, vice Aldersey, Nov. 29.
14th Foot—Lieutenant William Cosmo Trevor to be
Captain, by purchase, vice Farmer, who retires; Ensign
Thomas Segrave to be Lieutenant, by purchase, vice
Trevor, Nov. 29.
15th Foot—Major-General Sir Henry Watson, C. 8.,
from 63d Foot, to be Colonel, vice General Sir Phineas
Riall, deceased, Nov. 25.
20th Foot—Lieutenant-General Sir Andrew hiking-
ton, K.C.8., from the 82d Foot, to be Colonel, vice
Lieutenant-General Sir James Stevenson Barns, K.C.B.
and K.C., deceased, Nov. 25.
48th Foot—Major-General Sir James Henry Reynett
to be Colonel, vice Lieutenant-General George Middle-
more, C. 8., deceased, Nov. 25.
50th Foot—Major Henry Edmund De Burgh Sidley,
from the 86th Foot, to be Major, vice Tudor, who ex-
changes, Nov. 29.
63d Foot—Major-General Thomas Kenah, C.B. to
be Colonel, vice Major-General Sir Henry Watson, ap-
pointed to the 15th Foot, Nov. 25.
70th Foot—Sccond Lieutenant John William Mad-
den, from sth Foot, to be Ensign, vice Fairtlough, pro-
moted, Nov. 29.
82d Foot—Major-General Francis Miles Milman to
be Colonel, vice Lieutenant-General Sir Andrew Pilk-
ington, K.C.8., appointed to 20th Foot, Nov. 25.
86th Foot—Major William L.lngley Tudor, from 50th
Foot, to be Major, vice Sidley, who exchanges, Nov. 29.
98th Foot—Ensign Peter Edward Quin to be Lieu-
tenant, without purchase, vice Moller, deceased, Sept.
21; Gentleman Cadet William Lewis Meares, from Royal
Military College, to be Ensign, vice Quin, Nov. 29.

PROVISIONAL BATTALION. - Staff Surgeon of the
Second Class, Andrew Maclean, ➢I.D., to be Surgeon,
vice John Freeborn Pink, deceased, Nov. 29.

HOSPITAL STAFF.-Assistant Staff Surgeon James
M'Gregor Grant to be Staff Surgeon of the Second
Class, vice Maclean, appointed to the Provisional Bat-
talion; Acting Assistant-Surgeon William Briscoe,
td be Staff Assistant-Surgeon, vice Grant, pro-
moted, Nov. 29.
UNATTACHED.-Lieutenant John Ross, from the Ist
West India Regiment, to be Captain, without purchase,
Nov. 29.

Erratum in the Gazette of 22d November, 1850.

32d Foot—For Ensign John " Edmonstoune," from
74th Foot, to be Ensign, &c., read Ensign John " Ed-
mondstoune," from 74th Foot, to be Ensign, &c.
3d West India Regiment—For John Francis "De
Cartaret," Gent., to be Ensign, &c., read John Francis
" De Carteret," Gent., to be Ensign, &e.
Commission by the Lord Lieutenant of Linlithgow.
Thomas Shairp, Esq. (and not " Thomas Sharp
Younger, Esq.," us stated in the Gazette of the 22d inst.)
to be Deputy Lieutenant, Nov. 17.
Commissions by the Lord-Lieutenant of the West
Riding of Yorkshire.
Yorkshire Hussar Regiment of West Riding Yeomanry
Cavalry—Lieutenant John Dent Dent to be Captain,
vice Reynard, resigned; Comet Charles Reynard to be
Lieutenant, vice Dent, promoted, Nov. 21.
Commission by the Lord-Lieutenent of Cornwall.
_ _

Duke of Cornwall's Rangers—Second Lieutenant
Richard Gully Bennett to be Lieutenant, vice Gavod,
deceased; Second Lieutenant Edward Carthew to be
Lieutenant, vice Rattenbury, deceased; Fulbert Archer,
Gent., to be Second Lieutenant, vice Bennett, promoted;
Nov. 23.

ITALIAN OPERA IN PARIS.
(From Galignani.)
The greatest triumph, without exception, 'we ever
witnessed at the Theatre Italien was that obtained by
that inimitable songstress, Madame Sontag, on Tues
day night, in Donizetti's gayest and prettiest of operas,
La Figlia del Reggimento. Nothing of delicious
purity, roundness, and beauty of tone or ravishing
grace in execution can surprise us in listening to
Madame Sontag, but into her acting in this opera she
throws an archness, a coquetry, a playful wilfulness,
with here and there a touch of tenderness and pathos,
that surprises as much it as delights. But, leaving the
queen of cantatrici for a moment, we proceed in a few
words to give an idea of the plot; for, though com-
posed by Donizetti for the Opera Comique, the work
had, owing to the incompetence of the execution, so
brief a career, that it is scarcely known in Paris,
though it has long enjoyed immense popularity in
all parts of Italy, and also at her Majesty's Theatre
in London, where it was produced by Mr. Lumley,
both for Mademoiselle Lind and Madame Sontag;
and it is somewhat singular that, in this opera, the
two greal rival sovereigns in the empire of song
appear to have achieved their greatest triumph. La
Figlia del Reggimento is the orphan child of an officer
killed in action, who, left without a friend in the
world, is adopted by the soldiers of the regiment,
among whom poor Maria grows up, beloved by the
entire corps, every man of which regards her
as a daughter. Love, who finds his way into
camps as into all other places, obtains access to
the heart of Maria ; she becomes attached to a
young peasant, who, in order to be constantly near
her, joins the ranks as a soldier ; but, to justify the
axiom of the greatest of poets, to wft—" the course of
true love never did run smooth," at the moment of
his joining the regiment, Maria is discovered to be the
daughter of a noble family, and is forced to aban-
don the friends and protectors of her childhood.
In the midst of the splendour and luxuries which
now surround her, Maria sighs for the freedom and
gaiety of her former life, and at length weary and
worn out with high life, while forced to repeat a
bravura of Cafariello's, she suddenly dashes the
music to the ground, and breaks out into the me-
mory-haunting strain of her beloved regiment,
the " Rataplan" of olden days, and here it was
that the acting and singing of Sontag, equally
perfect, excited the rapturous delight of the audience
to a degree altogether unprecedented. Soon after
the regiment arrive in the neighbourhood of the
château, and she has once more the pleasure cf min-
gling in the ranks of her early friends. Her lover
by his gallantry has by this time become an officer,
and finally her family, yielding to her predilec-
tions, consent to their union, and Mafia once more
joins the brave fellows to whom she owes b 0
much. The great merit of this plot is, that it
gives ample opportunities for the introduction of
some of the loveliest music in the light style that
Donizetti ever composed, particularly for the part of
the prima donna, which Mdme. Sontag has now made
completely her own. Her first appearance in the
costume of the vivandiere was charming, and the fire
and gaiety of her " Rataplan " quite took the audi-
ence by storm ; her pretty romance which follows in
honour of the regiment, " Ecco l'Undecimo oh' egual
non ha," won a general encore. The beautiful cadence
on the word addio, when Maria is quitting her benefac-
tors, was given with a long exquisite note, dying away
like the softest breathing of an 2Ealian lyre—one of
those marvels in which she is unapproachable. It was,
however, for the bravura in the music lesson above
mentioned that Mme. Sontag reserved the grand dis-
play of the evening, in a part which must be set down
as one of the most perfect of her many delightful
performances, both as to the surpassing brilliancy of
her vocalisation, or the gaiety and finish of her acting.
The other characters are comparatively secondary.
An apology was made for M. Calzolari, whose voice
certainly bore some traces of fatigue, but who never.
theless both sang and acted with taste and spirit. A
new candidate for Parisian favour, M. Ferranti, ap-
peared in the character of the old Sergeant, the patron
of Maria ; his voice is a good sound barytone, and
from the style of his acting he promises to be a useful
acquisition. The orchestra and choruses acquitted
themselves creditably, considering the short time the
opera had been in preparation. Both will, however,
benefit by a few repetitions. The theatre was
crowded, and the audience and the success recalled
the palmiest days of the Italian Opera in Paris.

MEETING AT WAXEFIELD.—On Wednesday after-
noon, a very influential meeting en the subject of the recent
aggressions of the Pope, was held in :the Court-house. The
meeting was convened and presided over by the Mayor,
James Micklethwaite, Esq., in compliance with a very in-
fluential and numerously-signed requisition. The chief
speakers against the Papal aggression were George Sandars,
Esq., M.P., J. CT. Smythe, Esq., M.P., and W. H. Leatham,
Esq. Considerable difference of sentiment pervaded the
meeting. Mr. Candler, a member of the Society of Friends,
moved an amendment, the effect of which was the non-re-
cognition of any spiritual head of the church but Christ.
This amendment was seconded by G. W. Harrisen, Esq.,
(Wesleyan and ex-mayor). Mr. Joseph Kershaw, a Roman
Catholic, and Mr. T. W. Lamb, introduced a second amend.
meat, but eventually the original resolution for an address to
the Queen (which was submitted to the meeting calling upon
her to assert her prerogative) was agreed to with but few
dissentients.

IMPORTATION OF RICE.—It having been repre-
sented to the revenue authorities that some difficulty exists
at the docks in carrying out the regulation recently approved
for assessing the duty upon rice on an average to be ascer-
tained by weighing one bag in ten of each entry or mark, in
consequence of the manner in which the article when ware-
housed is lotted and weighed by the dock companies, orders
have been given for the said regulation to be rescinded so far
as regards cargoes of rice landed on warehousing entries in
the docks of the port of London, and that the practice of
weighing packages of rice in warehouse after being lotted
and screened by an officer of the Customs department be
reverted to as heretofore until further orders.

The Society for Promoting Christian Knowledge
have received, anonymously, the handsome donation of 5001.
towards the society's funds.

SOUTH WALES RAILWAY.

An extraordinary general meeting of the shareholders
of the South Wales Railway Company took place yester-
day, at the London Tavern, for the purpose of consider-
ing and, if approved of, authorising and sanctioning and
confirming, and directing the corporate seal of the com-
PaenuYt tnbe a
Railwayffi
xed to
Company
a agreementn for a lease from the
South Wales
Railway Company of the line of railwaytoth Greatbetwee Western
nGersatnegrne
Court and Swansea, with the line to the shipping part
at Swansea, and the Bullo Pill Railway, and the line of
junction of the same with the South Wales Railway,
which agreement has been already prepared upon terms
and conditions conditionally arranged and settled between
the directors of both companies, and will be read and sub-
mitted to the meeting. And also for the purpose of
considering, and if approved of, authorising and sanc-
tioning and confirming, and directing the corporate seal
of the company to be affixed to deeds of mutual release
between the two companies, whereby the heads of
agreement between the two companies dated 21st Oc-
tober, 1846, and all other agreements and arrangements
whatever between the two companies are detrained
and put an end to, which deeds of release will also be
read and submitted to the meeting.
The lion. C. R. M. Talbot, the chairman of the
company, took the chair shortly after one o'clock, when
the usual preliminaries having been gone through,
The SECRETARY read the following report:—
" In submitting to you the agreement for a lease of a
portion of the South Wales Railway undertaking to the
Great Western Railway Company, of which the heads,
embracing considerable detail, and agreed upon between
the respective boards, hare been printed and circulated
amongst the proprietors, the directors were desirous of
leaving the proprietors entirely free and uninfluenced by
any arguments of their own to judge for themselves of
the expediency or inexpediency of accepting the terms
therein provided. They consider that the proprietors
are already possessed of sufficient data to enable them
to judge of the difficulties of their position, and of the
eligibility or ineligibility of the measure now before
them. In meeting the proprietors assembled expressly
for the purpose of deliberating amongst themselves,
the directors think it right, with the view of assisting
them in their judgment, and to clear away misconcep-
tions as to the position of the company, and also to ex-
plain the circumstances which led them to attempt an
arrangement at this particular period, and to submit to
the proprietors for their approval the terms which are
now before them, to state precisely these circumstances:
—With respect to the period, your directors must remind
you that it is now more than five years since the com-
pany was originally incorporated. In the following
year the entire line was authorised. At this period the
company was independent, and the whole of the capital
had been subscribed upon the merits of the undertaking
itself. Shortly after this, in October, 1846, the head, of
agreement for completing the line, and leasing it when
so completed to the Great Western Railway Company,
was entered into and ratified by the proprietors of the two
companies. The amount then estimated as requisite
was :four millions. Upon the faith of the guarantee so
secured investments were made in other lines, which it
is estimated will involve an addition to the expenditure
of about 175,0001., upon which the Great Western Rail-
way Company were to have paid interest. Rather more
than four years have now elapsed. Any delay in the
progress of the works which may have occurred up to
the present time has unavoidably arisen from the pecu-
liar difficulties of the times and measures of prudence in
the rate of expenditure have been adopted for the benefit
of the Great Western Railway Company as large
shareholders in common with yourselves, and with
the full concurrence of that company sitting at your
board. To any such postponement of the comp-
letion of the whole undertaking, therefore, the
Great Western Railway Company cannot have nor have
they ever mentioned any ground of disappointment.
The proprietors aro aware that in the last session
powers were obtained to raise by the issue jof preference
shares any deficiency in our capital. With these powers
it might be urged by the Great Western Railway Com-
pany, that we are in a position to proceed at once to
complete the entire line. To raise upwards of 1,000,0001.
of money required for this purpose on advantageous
terms, it would bo desirable to go before the public with
the co-operation and assistance- orienr. lessees, and the
renewed assurance that their fitirantee was available
as security to the parties about to invest their money.
In another matter it is also desirable to act ir, concert
with the Great Western Railway Company. We have
given notices for an application to Parliament for
powers to effect certain improvements in the line, several
essential means of communication with the existing

UN, LONDON, FRIDAY EVENING, NOVEMBER 29, 1850.

shipping ports, and with some new docks likely to be
very beneficial to the traffic of the line, and to perfect
our arrangements in the Forest of Dean. These several
works, though not essential to the completion of the
lease, are of great importance to the value of the line
itself, and should the undertaking ever revert to the pro-
prietors of the South Wales Company, and their revenue
be dependent upon the receipts of the line, the failure to
obtain these powers at the present time, and even the
uncertainty of our proceeding without some of them
during the next six months, may inflict a serious and per-
manent injury upon the company. The Great Western
Railway Company may allege that under the heads of
agreement, their consent is necessary to these proceed-
ings. This consent was applied for under very similar
circumstances in the last session of Parliament, but was
refused, the Great Western Railway Company declinieg
to assign any reason for such refusal : we are shortly
approaching the time when this consent will again be ap-
plied for. These are the principal circumstances which
render it inexpedient to postpone a decision as to our
future course. There are three positions, in one of which
the company may now be placed. We may now proceed
at once to take the necessary steps to enable us to com-
plete the line to Fishguard. To accomplish this object,
it would be necessary to raise a sufficient amount by pre-
ference shares to enable us to issue the remainder of our
debentures (660,0004). the residue of the capital must
then be raised by preference shares. The rate of in-
terest
at which this money could be obtained would de-
pend very materially upon the course which the Great
Western Company might take. The character of the
works, the mode of proceeding, and the expenditure in-
volved iu carrying out this portion of the undertaking may
be seriously affected by the relations which may exist be-
tween us and our lessees. A large portion of such expen-
diture may he employed unprofitably to both companies;
much of it would be needless, and so fee wasted. We
cannot conceive the possibility of any just grounds for
doubting that we should ensure the due performance of
the terms and conditions of the lease. We have done, and
we no doubt should continue to do, everything that we
can ascertain to be requisite on our part. But it might
be difficult, and would certainly be costly, completely to
provide against the risk of litigation if an unwilling lessee
conceives, however erroneously, that he has grounds of
objection. The alternative embraces the other two posi-
tions: the company, by agreement or otherwise, may be
left in the independent possession of its own line, and
may derive its revenue from the development of the
traffic which may fairly bo expected upon it. The
attainment of this position, however, would be attended
with uncertainty, and the revenue must materially de-
pend upon the terms on which traffic may be inter-
changed with the Great Western Railway, whatever
traffic might result from other sources. The question,
therefore, arises, whether the revenue may not be con-
siderably increased, and a greater certainty secured, by
an arrangement with the Great Western Railway Com-
pany, which would ensure their working the line with
the greatest economy which their plant and resources
would enable them to do, and in the most advantageous
manner, Kith their interest embarked with yours in
producing the largest possible returns. This is the third
position, and with a view to accomplish which the ar-
rangement now laid before you has been devised.
In all previous attempts .that. have been made, in
consequence of the resolution of the proprietors of
the 19th December, 1849, the only principle suggested
by either party was hat of leasing the undertaking, and
the revenue to be derived from it, to the Great Western
Railway Company, for a fixed rental, with the surplus
profits. Au insuperdble difficulty always arose in
agreeing upon this fixed rental. The Great Western
Railway Company, assuming these surplus profits to be
a valuable part of the consideration, while your directors
felt, that inasmuch as the Great Western Railway Com-
pany would have but a limited interest in creating or
augmenting these surplus profits, the fixed rental was
the main part of the consideration on which they could
depend. At the period at which, for the reasons before
stated, it became necessary to decide definitively upon
the coarse to bo pursued in the future conduct of your
affairs, a plan was suggested to both companies which
appeared capable of avoiding the difficulties which had
previously arisen. This plan consists in leasing the work-
ing of the line to the Great Western Railway Company,
upon terms to be settled from time to time by an arbi-
trator, who should fix a fair scale of tolls adapted to the
varying circumstances of traffic, by which would be as-
signed to an account kept for the purpose the whole of
the net profits which could be earned upon the line by
a company possessing the means of working it in the
most economical and advantageous manner—the half of
these net profits being sold to the same company for a
fixed annual payment. By this arrangement, the amount
of the net profits may bo fairly and correctly determined
by an impartial tribunal. It becomes deeply the interest of
the party working the line to render these profits as large
as possible, and even if the fixed rental should prove less
than the half of such profits, the difference, unless very
great, would probably be more than covered by the gene-
ral increase which such a mode of working, and the
economy effected by it, ought to produce. The prin-
ciple of this plan was unanimously approved of by your
directors, and negotiations were entered upon by mutual
consent of the two boards. The fixed rental is to be
subject to an increase to be settled by arbitration conse-
quent upon any additional traffic which may be
derived from an extension of the line to Caer-
marthen, and it will bo open to this company to
obtain a further increase by arreigement with
the Great Western Railway Company, before they ex-
pend any money on the line beyond Caermarthen.
These extensions to Caermarthen and westward may be
constructed at considerably less cost by adoption of
single lines, and otherwise, and may be proceeded with
by more cautious steps than would be possible under the
existing agreement. The results of this negotiation are
now before the proprietors, and they must take upon
themselves the responsibility of adopting or rejecting
them, and in the latter case of determining the course
which the directors are to pursue."
The CHAIRMAN, at the conclusion of the reading of
the report, rose to defend the course he had pursued, in
opposition to all his brother directors—(Hear, hear)—
and he stood in the anomalous position of having to
propose a motion against which he intended to vote.—
(blear, hear.) Thu proprietors ought to recollect that,
if they adopted the course proposed, they would be en-
tering into a new agreement, and giving up an old one—
(Hear, hear)—which ho could never consent to without
sufficient remuneration.—(Hear, hear.) He contended
that if the agreement proposed was adopted by the pro-
proprietors of this company they would be giving an ad-
vantage to the Great Western Railway Company, not
the Great Western Railway giving an advantage to them.
—(Hear, hear.) The Hon. Chairman, after going at
some length into the proposed agreement, and contrast-
ing the benefits the company already had under the ex-
isting one, observed that it had been said they .could not
raise money to complete their line to Fishguard.
He contended that they could; but that was only his in-
dividual opinion. Many persons had said that they
would rather enter into the agreement with the Great
Western Railway Company, because it would ensure
them a certain:3„per cent. instead of a contingent 5 per
cent. He doubted very mach whether the agreement
would give them a certain 3 per cent., for it must be ap-
parent that it was not very easy to bind the gentle-
men connected with the Great Western Company.
If he was sure • the agreement would bind
them he should have no objection to it,
with the exception of the point of consideration. Consi-
dering the situation in which he stood, he had tendered
his resignation to the directors—(Cries of "No, no") SHIP NE WS.
but they had requested him to preside to-day, and in LIVERPOOL, Nov. 2s.—Wind S.S.E.—British barque
consequence of that request he had done so. If theproprie- Volante, laden with guano, bound for this port, put into
tors consented to adopt the agreement, he should at once Key West on the 20th ult. for stores; Franklin, from
bow to their decision—(Hear, hear)—having stated his Havre, has arrived at New York; Bombay, hence, has
objections to it. The Hon. Chairman having regretted arrived at Mobile; William Carson, hence, has arrived
dissenting with his :brother directors, sat down amid at Savannah; St. Charles, hence, has arrived at New
much and long-continued cheering. York. Arrd. Baltic, from New York, sailed the 16th
Mr. MATTHEWS, at some length, proposed ti resolution ,for G 1 ed
inst.; Good Intent, from Cadiz. Sid. a leSt.
to the effect that the agreement should be adopted. Michael's; Sir C. Napier, for Mobile; Osmanli, for
Mr. MORTIMER seconded the resolution. Genoa; Malvina and Othello, for San Francisco; Con-
Mr. STEPHEN LEWIS said it had been stated that the atitutionen, for Porto Cabello; Alliance, for Charleston;
chairman was the only person at the board who objected Magdalene, for Nantes; Gem, for Honduras; Ingle-
to the agreement proposed. He had always objected to borough, for Calcutta; Suzsnna, fur Rotterdam; Vic-
it; and having done so, he placed his seat in the hands of torts, for Rostock.
the proprietors.—(Hear, hear.) HARWICH, Nov. 27.—1 t is blowing a strong gale from
Mr. CHAPMAN was delighted at the speech of the N.E., and thick, with every appeal ance of a dirty night;
chairman, believing that if they entered into the pro-
a number of vessels have put in for shelter.
bu
posed agreement it would be one of the tamest sur-
ELSINORE, Nor. 21.—The Porto, from St. Peters-
render of their rights that had ever been witnessed on
bowspritfor, &Oporto, has put in here to-day with loss of
c.
the part of any company, added to which, if the deed
EasnEw, Nor. 21.—The Henrike • o? Groningen, from
was once executed, the proprietors must remem-
Newcastle for Rotterdam, was wre, :ed off Norderney
her they would part with their property for ever.
during a heavy gale on the 17th inst. Crew, except one
—(Hear, hear, and cheers.) He hoped the expression
man, drowned.
of the meeting to-day would settle the question at one©
STOCKHOLM, NOV. 19.—The Enigheten, from Lin-
and for ever of the intention of the company to go to
bolesand, capsized off Hems Klubb, on the 9th inst.
Fishguard, and to make the Great Western Company
Crew saved.
perform the provisions of the agreement that already
CRONSTADT, Nov. 16.—8 y a chi nee of wind the ice
existed. It had been said that the company could not
has been driven to the opposite coast,
raise the !means to go to Fishguard. He laughed
idREST, Nov. 24.—The Fanny, from Cardiff for this
at such an assertion. All that he was afraid of Heare
port, was lost on the 19th inst.; crew saved. The General
proprietors becoming traitors to themselves.—)
Lawargue, from Sunderland for Nantes, was lost in Ca-
He should oppose the agreement to the last. maret Bay on the 21st inst.; two apprentices drowned.
Mr. MACNAUGHTEN, a director, defeeeded the agree- AMSTERDAM, Nov. 26.—The stern of a boat, painted
ment. green, marked " Courier, Arbroath, Joseph Ferguson,"
Mr. DUNCAN, as a lawyer, contended that ierhat was
. in white letters, was picked up on the 12th inst.
asked could not be done at such a meeting as this, TRALEE, Nov. 24.—The Fitzhany, hence for Lime-
or any other general meeting. He contended that unless rick, which went on shore on the 19th inst. inside of
the consent of every proprietor was obtained the meet- Anna Island, has been got off with slight damage.
ing could not annul the lease that at present existed with GRAVESEND, Nov., 28.—Wind N.E., light, fine.
the Great Western Company. It was impossible as long Arrived—Antwerpen, from Antwerp—Fame, from Ca-
as a single proprietor objected for the directors, or hie—Rainbow and Earl of Auckland, from Rotterdam—
any one, to tear the seals of the Great Western Catherine, from Hamburgh—Echo and Havlreun, from
and the present company from the leas© that
Lulea—Almos"s, from Gottenberg—William Julliffe,
at present existed.—(Hear, hear.) The Hon. Gentle- from Havre—lA=ons, from Griefswold—Lord John
man concluded by moving as an amendment a resolution Russell, from Harlingen—Phoenix, from Dantzic—Nor-
to the effect—" That it was incompetent to the corn- mandy Maid and Jane, from Naskoe—Quebec and Rock-
pany to annul the lease that at present existed with the
life from St. Petersburgh—Prinsessan Louisa, from
Great Western Company." ' Sweden-Ythan, from Stralsund—Kezia and Esker,
Mr. MoxoN seconded the amendment. from St. Petersburgh—Duke of Buceleueh,
The CHAIRMAN said that counsel's opinion had been from Riga—
Lisbon, from Quebec—Gem, from Cronstadt—Moun-
taken, and that opinion was, that the meeting was corn- taineer, from St. Petersburgh.
petent to do what was asked. Perhaps, under the cir-for Ma-
ERlPesret' Peel, for
cumstances, it would be better to take the opinion of deSiraai_ledWalter
infgo,rfoßrio St.j
the meeting upon the original resolution.
Dunkirk—David Luckie, for Demerara—Menai, for
lu bine, for
Mr. DUNCAN had no objection to the adoption of such Janeiro--Sir
Calais—F tnoord, for Rotterdam Co
a course, but he begged to inform the directors that Havre—Soho,Y for Antwerp.
there were proprietors who would hold the directorsVESSELS SPOKEN WITH.
personally liable if they adopted the course now pro-
Oriental, from Greenock for Calcutta, on the 27th ule,
posed, and allowed the seals of the Great Western and lat. 12 N., long. 21. W.
the present company to be torn from the existing lease. Sir Charles Napier,
from Swansea for Cuba, on the 15th
Mr. WILLIAMS, M.P., said he was astonished at the inst., in Ist 27 N., long. 23 W.
deputy-chairman telling them that the Great Western Bucep tiUS I, of Glasgow, on the 14th Sept,, in lat. 31 S.,
Company would oppose the enforcement of the old long. 7, W.
agreement. He believed that Mr. Brunel had pledged Commissary, from Liverpool for Lima, on the 21st Sept.,
his professional reputation that the undertaking could be in lat. 5 te, long. 30 W.
completed to Fishguard for 3,935,000/. He then en- Robert Cliveefrom London for Buenos Ayres, on the 7th
tered into a long statistical statement, showing that, ult., in. ha. 12, long. 26. ,
according -to t .proposed t agreement, they would get L 0 freed -Laguna for .1//terpcOl, on. the 29th ult., in lat.
nothing for the first year, and by not entering into it; n Ne,lorig. 65 W.
the company would Avoid makitik..certain branch lines. ,I.Nigranes. from Londen for Alpo Bay, on the 2,1 nit.. in
He recommended them to stand by their old agreement, jai. 34 S., ion?. 21: E.
and considering the sum already expo- nded " the It"' Hamilton, from .N,:wo..tie for Iquique, on the 23d ult.,
west of Swansea, and a large sum they would have to in lat. 2 N., long. 18 W.
pay for land whether they made the line or not, and if Lavinia. steering S., on the 21st inst., in lat. 43 N., long.
they stopped at !Swansea they would:erre more on the 12 W.

whole than 450,0001. by the non-completion of the line
to Fisbguard.
After some observations from Mr. Baker, Sergeant
Gelee, and Mr, Matthews,
Major COURT withdrew his amendment.
Mr. Nem handed in a protest against the legality of
the meeting, or of any resolution which they might
come to.

The CHAIRMAN then put the resolution, and on a show
of hands a large majority appeared against it.
A poll was then demanded, and considerable confusion
ensued; some parties complaining that proxies had been
sent out, while others complaimd that they had not re-
ceived any. .

It was -stated that the Great Western Company would
not vote on the question. The meeting was then ad-
journed, and after a delay of about two hours and a-hall
the result of the poll was declared to be as follows:

Shares. Votes.
For the motion—Present ... 826 243
Proxies ... 3,915 1,334

Total ... 4,741 1,577

Against the motion—Preserat... 4,519 1,310
Proxies... 1,973 343

. Total 6,492 1,653
Majority against the motion 1,752 76
The result of the poll was re.2o • d with loud cheers;
and after a very complimentary vote of thanks to the
Chairman the meeting Far...rated.