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

by an outlay of about 3,000,000/. He (the Chairman)
had gone over the line, arid as far as he was concerned
he thought it was one of the best constructed lines of
railway in the kingdom.—(Har, hear.) Satisfactory
progress was making at the station at King's-cross.
Since the last meeting the directors had selected a
general manager end a locomotive superintendent.
For the first they had selected Mr. Seymour Clarke,
who had been for many years with the Great Western
Railway Company, and fur the latter office Mr. Stur-.
ruck, and it was his firm belief that both those gentle-
men were likely to turn out most valuable servants
to the company, and he W 4.8 happy to say that the
salary of both those gentlemen did not amount to the
sum that had been given to one previous officer of the
company.
A PROFRILTOR wished to know what were the
salaries to be given to those officers.

The CHAIRMAN said that the salary of Mr. Seymour
Clarke would be 9001. a year, aad that of Mr. Scar-
ruck 5001.

The CHAIRMAN resumed, and having gone into a
long statement of the liabilities and prospects of the
and referred to the agreement entered into with
the York and North Midland, stated that if the pro-
prietors
would enable them to rai,e from 300,0001. to
500,0001. the whole of the works might be completed.
The Chairman concluded by moving the adoption of
the report.
Mr. CLOUGH, a banker at York, moved the follow-
Lig amendment :--
" Tnat the directors postpone their proposal of
abando,ing the line beyond Askerne, and that a cir-
cular be issued to each of the shareholders, requesting
them to give their vote in writing as to the abandon-
ment of that portion of the line between Askerne and
York, and that three directors and three of those
to its completion in its integrity prepare the
circular,
to be issued by the secretary ax the same
timefriendly sthe report of the meeting ; the voting paper
to he returned to the secretary by the 30ch of Sep
tember. Those not returning their papers to be con-
sidered neutral."

Mr. WATERS seconded the amendment. He be-
lieved that in abandoning the line between Askerne
and York the directors were adopting one of the
most suicidal acts that could pessibly be conceived,
and it was one of these unfortunate acts for which rail-
way directors were notorious.—(Laughter.)
Mr. HUGHES suggested an adjournment of the con-
sideration of the question of the adoption of the
agreement.
The CHAIRMAN felt it to be his duty to press the
question to a division of the meeting, believing that
the egreettent would be highly beneficial to the
shareholders, and that the adjournment of its adoption
would be dangerous to the interests of the company.
He should persist in moving the adoption of the re-
port in all its integrity.
The CHAIRMAN, in answer to a question from a
shareholder, said that by the agreement the North
Midlend were bound to send their traffic on the
Great Northern Line; if they did not do so that was
their look out, and not the present compny's.
After some considerable :•tormy and irregular dis-
cussion, and after Mr. I.3igster, the solicitor of the
company, had explaine,d the provisions of the agree-
ment by which the Great Northern Company con-
s?nted to forego the prosecution of the line from
A-kerne to Ye: k, and stated that the company had
power to run over the Lancashire line—

The CHAIRMAN, in replying, stated that be felt
convinced that if the proprietors compelled the di-
rectors to make the line to York it would cost them
500,000/., and added to this, they would make an in-
fluential company, that was now their friend, their
enemy .—(11t ar,
hear.)
The CHAIRMAN then put the amendment of Me.
Clough to the meeting, and declared, upon a show of
hat d-, that it was lost, there being only eleven hands
held up fur it, and en initneme number against it. •
Mr. Ceounta submitted that a vote of the share-
holders ought to be taken upon it, us they had been
taken by surprise.
The CHAIRMAN denied that such had been the case,
and stared tont the notice to the proprietors of the
intention of the dircc'ors to submit the agreement to
the meeting bad been given some time since.
Tne CHAIRMA-N then declared the amendment to be
negatived. and put the original motion for the adop-
tion of the report, which was carried by an over-
whehning
A resolution was then carried, authorising the di-
rectors to raise a sum of 106,6661. for the purpose of
the Leeds central station.

A resolution was also carried forfeiting 7,722
shares upon which only 51. had been paid.
A resolution was also carried authorising the
directors to issue 121. 10s. shares, bearing preference
dividends of 5 per cent. in perpetuity.
A vote of thanks was then proposed and carried to
the chairman and directors, and the Chairman having
returned thanks, the meeting separated, after lasting
upwards of three hours.