The Sun.
London, England, 1868-02-28 00:00:00

THE SUN, LONDON, FRIDAY EVENING,

whole question and the adjustment of the propor-
tion of traffic to which each should be entitled. The I
joint committee would consist of three members,
each of the directors of the South-Eastern and
Brighton Companies, and two members of the
London, Chatham, and Dover Board, making the
whole number eight, and instead of being appointed
by the respective boards, the shareholders of each
company would have the opportunity of &tiding as
to who should represent them on the joi ca. com-
mittee. It was also proposed that each mei nber of
the joint committee should hold a higher wialifica-
tion than £2,000 stock. There would also be mea-
sures adopted with a view to prevent the outlay of
capital as much as possible. The terms upon which
they were to work the London, Chatham, and
Dover traffic would be decided by arbitration. The
bill before Parliament would, he trusted, give them
the requisite power to carry out the arrangement.
He believed the advantages to the three companies
would be very considerable from the joint working.
(Cheers.)
The Hon. J. BYNG seconded the motion for the
adoption of the report.
Mr. PAGAN suggested that a small committee of
shareholders of each company should be appointed

to bring about, if possible, an amicable arrange-
ment between the South-Eastern and South-Western
companies respecting the use of the Charing-cross
line and Cannon-street station. lle thought that
two or three sensible men on each side would soon
arrive at a practical conclusion.

After some observations by Mr. Adams, Mr.
Morpeth, Mr. Puncher, and Mr. Harley,
The CHAIRMAN replied—He believed that Par-

liament never intended that the South-Western
Company should be accommodated on the terms
they had stated. He would be very happy to see a
committee appointed consisting of Mr. Pagan, Mr.
Grisewood, and Mr. R. Cave, to take the matter in
hand for this company. They had stopped the cheap
Sunday trains during the past half-year, and would
not renew them except on better terms and condi-
tions.

The report was unanimously adopted ; a divi-
dend at the rate of 4 per cent. per annum was de-
clared on the ordinary stock for the past half-year
ending January the 31st; and £lOO a year was
voted for services in the church at Ashford.
The retiring directors, Mr. Watkin, M.P., the
lion. J. Byng, Mr. Barlow, and Captain Warren
were unanimously re-elected. _ _ _

The CIIAIRMAN explained that he had recently

joined the Board of the Great Eastern for a short
time to asssist Lord Cranborne in his inquiries to
ascertain the facts, and if possible to improve the
position of the company. He did not intend to ac-
cept anything for his services at the Great Eastern
Board.

Mr. Pagan, Mr. Grisewood, and Mr. Cave were
unanimously appointed a committee of mediation
iu respect of the question between the South-Eastern
and South-Western Companies.
Mr. C. Whetham, the retiring auditor, was re-
elected ; and Mr. Waterhouse ;was elected auditor
of the company's debenture trust account.
The meeting was then made special, and the me-
morandum of agreement signed by the chairman of
the South-Eastern, the London, Brighton, and
South Coast, and the London, Chatham, and Dover
Railway Companies was confirmed, subject to
such modifications as might be determined ou by
the directors.

The proceedings concluded with a vote of thanks
to the chairman, and also to Mr. Eborall, the gene-
ral manager.