The Sun.
London, England, 1850-03-15 00:00:00

PARLIA3IE

The CHAIRMAN said, if he spoke a month he could
not give the meeting a better proof of the relations
of the board with that gentleman.—(Loud cheers.)
Ile entreated Mr. Renshaw to make no answer to
these statements.—(Cheer.)
Mr. Wilson's amendment with regard to the dire°.
ters was then put to the meeting and lost, and the re-
port was agreed to.
On the motion of the CHAIRMAN, a dividend for the
half-year, at the rate of three per cent. per annum,
was agreed to, to be paid on the Bth of April.
A long discussion then took place with regard to
the directors.

Mr. T. H. SMITH said he had attended the meeting
determined to vote against the re-election of the re-
tiring directors, as he was of opinion the number
should be reduced to nine ; but, after the exhibition
of temper shown by Mr. Thompson to-day, he did
not wonder that the other directors declined to asso-
ciate with him, and, therefore, he would support the
re-election of the retiring directors on the understand-
ing that at the first meeting of the board afterwards
they should ballot their number down to nine.
This motion was agreed to, Mr. Thompson de-
claring that he would not be bound by it ; and the
retiring directors, Hon. Mr. Byng, Mr. Bradshaw,
Mr. Jack, and Mr. Kirwan Smith, were re-elected.
A long discussion then took place on the election
of auditors, which ended in the meeting adjourning.
for a month to receive the names of properly quatifiea
candidates ; the salary meantime being fixed at 1001.
per annum for each of the three auditors.
The consolidation of the different shares into the
capital stock of the company was also agreed to.
The CHAIRMAN then brought before them a Bill
which was now before Parliament, for an increase in
their capital account, which he said was rendered ne-
cessary by the purchase of the Gravesend and Roches-
ter Canal, the extension of the St. Leonard's and
Hastings line, amounting in the whole to 1,200,0001.
The Bill, after some discussion, was approved of.
Another Bill to empower the shareholders to de-
termine when the payment of interest out of capital
on the No. 3 and 4 shares should cease, was also
brought forward, and was also approved by a majorrity of the shareholders, the minority handing in a
protest against it.
The CHAIRMAN then brought forward the contract
with the Reading, Guildford, and Reigate Company,
and recommended the adoption of the compromise
now suggested by the directors. He said the pill
was as bitter a one to him as it could be to any one
in the room, but he believed he was doing his duty in
proposing the compromise. He concluded by pro-
posing a resolution, agreeing to a lease of this line,
at a rate of 5} per cent. on the paid-up capital of
600,0001, and 4 per cent. on the calling up of the
remaining Parliamentary capital of 200,0004, at the
rate of 4 per cent.; further, that a Bill shall be in-
troduced into Parliament for the amalgamation of the
two companies, at the rate of renting the shares of
the Reading, Guildford, and Reigate Company as
perpetual debentures, at the rate of 51 per cent.
After some discussion, the resolution was agreed to
by a large majority.
Thanks were then voted to the Chairman, and the
meeting adjourned.

RAILWAY SHARE MARKETS.

BRISTOL, ISIAp.cH 14.

STOCK EXCIIANGE.—The market to-day has been some..
what depressed. The transactions were as follow : Great
Western, Quarters, 1-Ili—Wilts, Somerset, &c., 101/2 dis.—
Taff Vale, 13 p.
LIVERPOOL, MAR.CII 14.
STOCK ExcirANGE.—The share market was very dull to-
day, and prices had a downward tendency, the market closing
heavily at the quotations. The transactions were as fol-
low : Lancashire and Yorkshire, Fifths (West Riding
Union), 71.4 dis.—London and North-Western, MLA—Ditto,
New Quarters, 6s. 3d. dis.— Ditto, Fifths, p.—Midland,
3914 c. ex div.—Ditto, Halves, 25 dis.—Shrewsbury and
Birmingham (91. 12s. 3d. B.), 6 dis. —York, Newcastle, sad
Berwick (Extension Nos. 1 and 2), 113/4 dis. ex div.—
Ditto (G. N. E. Purchase), 6 per Cent. till 1850, 64 dis.
MANCHESTER, MARCH
) 4.

&rocs EXCRANOIL—Business on our Stock Exchange
to-day was very inactive, and prices remain almost station-
ary. The transactions were as follow :—East Lancashire,
B=n c.—Ditto, Preference, Quarters (min. 6 per cent.),
Lancashire and Yorkshire, 40% ex div.—Ditto, 321.
(tate Extension), 11% ex div.—Ditto, Halves (H. and S.), 20
—London and North-Western, 104—Ditto, Manchester and
Birmingham (C), Quarters, 7-16 n. p.—Manchester, Sheffield,
and Lincolnshire, Eighths, 1 13-16—Ditto, Preference, 6%
—Ditto, 121. 103. Shares, 13A n.—North Staffordshire, 11
n. d.—South-Eastern and Dover, 17—Ditto, Scrip (No.
4), 554.