The Sun.
London, England, 1850-11-22 00:00:00

tain to the South Wales Railway Company under
any agreement with the Britton Fery Dock Company
or the Vale of Neath Railway Company, in respect
of the Britton Ferry Docks and the branch thereto,
shall be included in the intended lease to the Great
Western Railway Company.
10. That the first account of net profits shall be
made up to the 31st of December, 1851 ; and that
one moiety of such net profits, and a proportionate
part of the fixed sum payable in lieu of the other
moiety of such net profits shall be paid over to the
South \Vales Railway Company, within two calendar
months after such day. And that in like manner all
future accounts shall be made up to the 30th day of
June and the 31st day of December in each subse-
quent year, and a moiety of such net profits, to-
gether with three months' interest thereon at four
per cent. per annum, and a moiety of the fixed
annual sum agreed upon shall be paid over to the
South 'Wales Railway Company within two months,
from the 30th day of June and 31st day of December
respectively. And that all such payments be made
free from all deductions, except the property or in-
come-tax, save as herein mentioned. Provided
nevertheless, that no Interest shall be payable by the.
Great Western Railway Company on the moiety of such
net profits, if the Great Western Railway Company
shall at the expiration of each three months of the
current half year, pay over to the South Wales Rail-
way Company on account, such sum as may then be
estimated as the probable quarterly amount of one
moiety of the net profits.
11. That the South Wales Railway Company
shall retain their interests and liabilities in all their
investments in any undertakings other than the Ballo
Pill Railway, and in all other works of their main
line to the westward of Swansea, and extensions and
branches (excepting the line, works, stations, &c.,
agreed to be leased as aforesaid), and in all surplus
lands purchased by them, not required for the conve-
nient working by the Great Western Railway Com-
pany of the South Wales Railway, or for storing
traffic conveyed over the said line, or any portion
thereof. Provided always, that the South Wales
Railway Company shall not be precluded from re-
ceiving any moneys payable to them by the Vale of
Neath Railway Company for lands purchased and
works executed in the town of Neath by the South
Wales Railway Company, wholly or in part, for the
Vale of Neath Railway Company, the Great Western
Railway Company to take upon themselves, in the
place of the South Wales Railway Company, the
terms of the provisional arrangement entered into be-
tween the South Wales Railway Company and the
Vale of Neath Railway Company, on the 17th of
August, 1849, so far as the same relates to the joint
working of the station at Neath, and so far as affects
them as lessees under this agreement.
12. That in the event of the said line from Grange
Court to Swansea being extended from Swansea to
Carmarthen, if at that time, or afterwards, the sum
of half the total net profits of the South 'Wales Rail-
way shall have amounted to as much as the aggregate
of the fixed annual sums to be paid up to that time by
the Great Western Railway Company, for such
moiety of profits purchased by them, and if it shall
appear to the South Wales Railway Company, at any
time after such extension to Carmarthen shall have
been opened for public traffic during a period of two
years, that a distinct additional profit has actually
been acquired over the line between Swansea and
Grange Court, by reason of an increased traffic de-
rived in consequence of such extension line having
been constructed, it shall be settled by arbitration
whether any, and (if any) what addition ought to be
made, from and after a day to be fixed by the arbi-
trator, to the fixed annual payments by the Great
Western Railway Company to the South Wales Rail-
way Company, in respect of the moiety of such in-
creased profits, regard being first had and allowance
made for the loss, if any, which the Great Western
Railway Company, as shareholders of the South Wales
Railway Company, may sustain by reason of the addi-
tional capital which may have been expended in the
completion of such extension from and after the date
of this agreement.

13. That an agreement for a lease, embodying the
foregoing terms and conditions, be drawn up and
settled by Jonathan Henry Christie, Esq., of Stone-
buildings, Lincoln's Inn, between the two companies,
or in case of his death, inability, or refusal to act, by
some other eminent conveyancer, to be agreed on or
to be named by the Attorney-General for the time
being, on the application of either company, in the
event of their being unable to agree; and that such
agreement shall provide that the lease shall, in addi-
tion, contain the usual covenants on the part of the
lessors to repair all damage to the railway or works
not usually and properly included in the cost of main-
tenance of way, and works which may be occasioned
by slips or subsidence, or in consequence of any im-
proper formation or imperfection in the original con-
struction of the same, and for maintenance of way
during one twelvemonth after the opening thereof; and
for the provision of a tull quantity of ballast for the
completion thereof; and also covenants on the part of
the lessees for due payment of the rents, with the
usual power of distress and re-entry, to keep ac-
curate accounts of the traffic receipts to be
submitted to and audited by an accountant to
be named by and on behalf of both parties,
and to permit the inspection of such accounts
by the lessors, and all other usual covenants and con-
ditions, both on the part of the lessors and lessees,
including covenants for title on the part of the lessors ;
and that such agreement shall also contain a general
arbitration clause. The said lease to be also settled
by the said Jonathan Henry Christie, or by such
other party as may be appointed in the event of his
death, inability, or refusal to act as aforesaid; and
that such lease shall also contain a general arbitration
clause, for settling all questions of interpretation.
14. That such agreement, when so settled, be en-
grossed and submitted to special general meetings of
both companies, to be convened for the purpose, and
held contemporaneously, as soon as practicable, on a
day to be agreed upon ; and if duly approved of at
such meetings, be then and there sealed with the cor-
porate seals of both companies.
15. That subject to this agreement being so con-
firmed by the proprietors of both companies, and
sealed with the corporate seals of both companies, the
Great Western Railway Company thereby consent to
the alterations in the line and levels and mode of con-
struction of works contained in the Bill introduced by
the South \Vales Railway Company in the last ses-
sion of Parliament, intituled " South \Vales Rail way
Alteration of Works," or such of them as the South
\Vales Railway Company may elect to adopt.
16. That upon such ratification the heads of agree-
ment between the two companies, dated the 21st day
of October, 1846, and all other agreements and ar-
rangements whatever, shall be determined and put an
end to, and mutual releases, to be settled by the said
Jonathan Henry Christie, or such other conveyancer
to be nominated as aforesaid on behalf of both parties,
executed by the said two companies at the same gene-
ral meetings of the said companies.
17. That until the commencement of the said
lease the Great Western Railway Company will con-
tinue to work the portion of the line now opened upon
the terms formerly agreed to, and that an account
shall be settled and balanced up to the commencement
of the said lease, and the balance duly liquidated be-
tween the two companies.
18. The agreement, when ratified and sealed, to
be binding on both parties, notwithstanding any of
the stations or works may not have been, or may not
be completed by the time intended, or any other co-
venant may remain unperformed; but any such non-
completion or non-performance shall be a question for
compensation, to be settled, in case of difference, by
arbitration, and the amount thereof, if any be awarded
to be deducted by the Great Western Railway Com-
pany out of any moneys (other than the fixed annual
payment) payable to them by the South Wales Rail-
way Company.
19. That the agreement or lease shall not affect,
directly or indirectly, the rights and privileges of the
Great Western Railway Company as shareholders in
the South Wales Railway Company, but they are to
retain their powers of appointing directors and voting
upon their shares, or otherwise, and receiving their
dividends, as if no such agreement or lease had been
made.

20. That if at any time until the execution of the
lease it shall appear that any matter has not been
sufficiently provided for in the foregoing articles, or in
case of dispute as to the true intent and meaning of
the parties as to any of them, or as to the equitable
adjustment of any question which may arise on them,
or any of them, in any such case such modifications
may be introduced into these articles as may be
agreed upon by the directors of the two companies,
and in case of difference by arbitration, provided that
in the opinion of the arbitrator such modifications do
not affect the substance and general intent of this
agreement.

CHRIST CHURCH, BLACKFRIARS.—Yesterday the
inhabitants of this populous parish assembled at the vestry-
room, in pursuance of a notice issued by the churchwardens,
to whom a numerously signed requisition had been pre-
sented, for the purpose of protesting against the recent papal
encroachments. There was a crowded attendance. Anta c__
ad-
dress to the Queen, expressive of devoted loyalty
ment to the throne, and of surprise and indignation at
the
recent aggression and usurpation of the Pope, and praying
-a
and
d
for legislative interference, was unanimously P
a deputation was appointed to wait on Sir U. (irey with the
address. and sat li