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

PARLIAME

IVISIONS.

From the Votes and Proceedings of the House of Commons.'

TinntsDAy, MARCH 11.
HIGHWAYS BILL.

Order for Second Reading rea7l; -Motion made, and Ques-
tion proposed, " That the Bill be now read a second time :"
Amendinent proposed, to leave out the word " now," and
at the end of the Question to add the words " upon this day
six months." Question put, " That the word ' now' stand
part of the question." The House divided :
MAJORITY—AYES, 144.
Adderley, C. 11 Forteseue, J. W. Peel Frederick
Aglionby, 11. A. Glyn, G. C. Pelhadi, D. A
Amtey, Thomas C. Goulburn, Henry Perfect, Robert
Arkwright, G. Greenall, Gilbert Plowden, W. it.
Armstrong, R. B. Greene, John Power, Dr.
Arundel, Earl of Grenfell, Charles W. Power, Nicholas
Bagshaiv, John Grey, Sir G. Posey, Philip
Bailey, Joseph Grosvenor, Lord R. Bowdon, Colonel
Baines, M. T. Hordeastle, J. A. Reynolds, John
Baring, Sir F. T. Harris, Richard Ricardo, J. L.
Bass, M. T. Hatchell, John Ricardo, Osman
Bernal, Ralph Hawes, Benj. Rice, E. R.
Bouverie, E. P. Ileneage, G. 11. Rich, Henry
Bowles, Admiral henry, Alexander Romilly, Sir John
Boyle, Colonel Herbert,'.Sidney Itomilly, Colonel
Bramston, T. W. Ileywsod, James Rushout, Captain
Brocklehurst, John Heyworth, L. Sandars, George
Brockman, E. D. Ilobliouse, Sir J. Scholefteld, William
Brotherton, J. Ilobhouse, T. B. Seyraer, IL K.
Brown, W. Holland, Robert Seymour, Lord
Buxton, Sir E. Howard, P. 11. Sheridan. R. B.
Cardwell, E. Howard, Sir It. Simeon, Joln►
Carew, W. P. Jackson, William Smith, A. J.
Carter, John B. Jermyn, Earl Smith, John B.
Cavendish, G. H. Jervis, Sir John Smollett, A.
Christy, Samuel Keating, Robert Somerville. Sir W.
Clay, James Kershaw, James Spearman, 1.1. J.
• Clerk Sir George Legh, G. C. Stanley, E. 11.
Clive, 11. B. Leonard, T. B. Stanstleld, W. R.
Cobden, R. Locke, Jos ph Tenison, E. K.
Cocks, T. 5. Lygon, General Tennent, R. J.
Compton, 11. C. Mar tin;C. W. Thesiger, Sir F.
Cowan, Charles Masterman, John 1 hicknesse, R. A.
Cowper, IV. F. Ala.heson, Colonel Thompson, Colonel
Deedes, W. Maule, Fox Thornely, Thomas
Denison, Edmund Mitchell, T. A. Wa:nisley, Sir J.
Douglas, Sir C. Moffatt, Georle Walpole, Spencer
Duckworth, Sir J. Monsell, William Westhead, J. C.
Dmicombe, 0. Morris, David Willcox, Brodie
Duneuft, Jelin Mulgrave, Earl Williams, John
nuncios, Admiral 3lundy, William Williamson, Sir It.
Dundas, Sir David Muntz, G. F. Wilson, James
Ebrington, Viscount More, Colonel Wilson, Matthew
Ellis, John Norreys, Lord Wood, W. P. .
Elliot, John E. Ogle, S. C. Wortley, J. S.
Emlyn, Viscount 1'1110m:ton, Sir J. Wyvill, 3larmaduke
Ferguson, Sir it. Palmer, Rounded TELLERS.
Foley, J. 11. . 1 Parker, John Lewis, George C.
Forster, Mathew Fatten, W. hay ter, W. G.

MINORITY-NOES, 55.
Bennet, Philip Grogan, Edward Long, W.'
lllackall, S. W. Guernsey, Lord , Mackenzie, W. F.
llrcmridge, Richard Gwyn, Howel Manners, Lord G.
BroAdlcy, 11. Halsey, T. I'. Niles, P. W. S.
Chaplin, W. J. Hamilton, G. A. Mailings, J. R.
Chatterton, Colon .1 Ilarris, Captain Naas, Lord
Chichester, Lord J. Heathcoat, John Newdegate, C. N.
Coles, 11. 10. Henley, J. John
I' Melville
Dodd, George ; Hildyard, R. C. Sibthorp, Colonel
Edwards, 11. Hildyard, T. B. Smyth, J. G.
Farnham, E. Hood, Sir A. Spooner, R.
Farm:, James Honiby, John Stanford, J. F.
Fellowes, E. Hudson, G. Stanley, Edward
1- ihner, Sir E. Inglis, Sir It. Sullivan, Michael
Floyer, John Jolllfre, Sir W. G. Vesey, Hon. T.
Forbes, Wm. Lennox,' Lord A. Waddington, 11. S.
Frewen, C. 11. Lewisham, Vise. TELLERS.
Gaskell J.M. Lindsay, Colonel Strickland, Sir G.
Goddard, A. L. Lockhart, W. Hodgson, W. N.

RAILWAY INTELLIGENCE.
SOUTH-EASTERN.
The half-yearly meeting of this company was held
yesterday, at the Bridge-house Hotel, Southwark,
opposite the terminus of the company. The at-
tendance of shareholders was large, and more than
usually boisterous, though it may be observed that
the meeting, which appeared at first to be dead
against the chairman, and received him and his
brother directors on their entrance with a storm of
hisses and other marks of disapprobation, ended by
carrying every proposition which the board submitted
to them.
Mr. HsensaT, the clerk of the company, having
read the advertisements calling the meeting, and the
special objects which were contemplated to be brought
forward,
The CHAIRMAN proposed that the seal of the com-
pany should-be affixed to the share register.
Tnis was done without opposition. On its being
completed,
Mr. JOSIAH WILSON asked to look at the book so
sealed.
The Cliautat&N said he would put it to the meet-
ing whether Mr. Wilson could be allowed to see if
or not.
Mr. FLEMING, the solicitor, on being appealed to
on the law of the case, gave it as his opinion that the
Act of Parliament did not permit shareholders to in-
spect the book containing the shares sold by the
different proprietors, though they were entitled to
see the names and places of residence of their parties.
Mr. WiLson then moved that, in future, a printed
list of the shareholders, with the number of shares
held by each, should be printed on the Ist of January
of each year, and sold for ls.
Mr. SMITH seconded the motion.
An angry discussion took place, which ended in
111 r. Wilson's resolution being put to the vote, and
carried.
The CHAIRMAN, on declaring the show of hands,
said—Gentlemen, the resolution has passed—for what
it is worth.
Tais gave rise to great outcries on the part of se-
veral shareholders. Mr. Wilson declared the remark
was foolish and improper, and one shareholder sug-
gested that the chairman should apologise to Mr.
Wilson, and another that his words should be taken
down.
The CUAIRM tic, who scornfully rejected the idea
of any apology, disclaimed all intention of insulting
any oar, but remarked that, if he were advised that
this resolution could not be legally carried into effect,
he certainly would not act upon it.
This gave rise to further uproar which gradually
subsided, and the subject dropped. It was then
agreed that the report, the substance of which ap-
peared in The Sun of yesterday, should be taken as
read.
The CHAIRMAN then rose to call their attention to
the various topics treated of in the report. He need
scarcely point out to them that the results of the
past half-year were not so favourable as they had at
one time anticipated, the returns even from the North
Kent line, though large, not being equal to their first
expectations. But he was able to say with truth,
that :on comparing the returns from the South-
Eastern line with those of other railways they did
not present an unfavourable aspect, while they must
bear in mind that the causes which had reduced their
receipts were of a more difficult and embarrassing
character than those that affected other lines. Their
continental traffic had not increased as every one ex-
pected it would when the continental lines were
opened. This arose, he had no doubt, from the un-
settled state of affairs on the continent, and he trusted
the depression would be of a very temporary nature.
The shareholders would find that a very large sum
had been reserved for the renewal of their rolling
stock and permanent way. The sum was larger he
believed than had been set apart by any other com-
pany, but he would remind them that this was a
critical period in their history, and it became them
therefore to look to the state of their revenue account
with peculiar care. If the sum set apart should event-
ually prove too large, the proprietors would reap all
the benefit of the surplus ; should it prove after all
not more than sufficient, they would have no reason
to regret that they had at this early period looked the
evil fairly in the face. After alluding to the in•
crease of traffic on the main line, and the deficiency
on the Greenwich line, he said that the question of
the postal communication between this country and
France was now under the consideration of a Com-
mittee of the House of Commons, and he had no
doubt that the present mutilated system of communi-
cation would be much improved, and that the mail
being sent from Paris at seven o'clock instead of
tight through Boulogne to Dover or Folkestone would
arrive in London by half-past six. He did not doubt
that such facilities would be of great advantage to
the railway, not only in the postal communication,
but also in the passenger traffic, and he appealed to
the influential ,body of shareholders on the South-
Eastern line to use all the influence they possessed in
urging upon the Government of this country to con-
fer with the Government of France in giving all
possible facilities for the passenger traffice. He
might state that all the annoyances which formerly
existed existed still, and that the new system of
passports was fully as vexatious as the old. He
believed if the Government of this country were
to signify to the Government of France—w
thhich,
by the way, bad never been done yet—that ey
were ready to meet them in conferring facilities to
passengers going from one country to the other, that
it would be readily agreed to. He estimated the loss
which this company sustained from the want of de-
velopment of the traffic on the continental lines at no
less a sum than 50,000/. a year; for he considered,
though it might be looked upon as unneighbourly to
say so, that when the lines to the east of France were
opened a great portion of the traffic which now went
by Southampton to the east would then come over
their line. With regard to the renewal of the per-
manent way, he was bound to notice the remarkable
discovery of Mr. Barlow, their engineer, who pro-
posed that the chains and sleepers, as well as the
rails, should be made of iron, which would be much
,:heaper than the present system, as these articles
when once made would last for twenty or thirty
vears.—(Keay, hear) Mr. Barlow had also ascer-
tained in his examinations connected with the North
Kent line, that there was in the chalk district imme-
diately adjoining the line, a superabundant supply of
water, which could be brought to London at a very
trilling expense. They had been too late to bring in
a Bill upon the subject this session, but in order that
the merits of the scheme might be brought fairly
before the House, they had petitioned to be allowed
to bring in a Bill, notwithstanding the standing
orders. That petition was refused, however, and
they were advised to bring the matter before the
Sanitary Commission. But the fact remained that
they could bring along their North Kent line a supply
of water adequate to the wants of the whole metro-
polis, and its cheapness might be estimated from this
fact, that they could bring to the terminus at the
B icklayers' Arms a supply of water adequate for the
wants of all the districts south of the Thames, at a

cost not exceeding the present expense of water to !
the South• Eastern and Brighton Compinies, at their
stations at London-bridge and the Bricklayers' Arms.
—(Hear, hear.) The directors thought it their duty
to Wing this matter before them; and those who had
money to spare—(Laughter)—might, perhaps like to
form a company for the purpose ; tut if no ether re-
sult should follow than the rental arising from the
right of way of such a supply of water over their line,
it would be a great object.—(Hear.) With regard to
the net earnings of the company, the shareholders
would hardly believe him when be told them that
they had even in this session been called upon to de-
fend their property against the construction of new
lines—(Hear, hear)—the extension of the North
Kent line—and though the scheme had been defeated,
yet it had cost them 1,2001. ; and that sum, be might
observe, had been charged to revenue. Their earn•
ings were further lessened by the sum set apart for
the renewal of rolling stock or permanent way ; so
that the net earnings of the line were at the rate of
23 per cent. per annum, and a very small per-
centage it was.—(Loud cries of " Hear, hear.")
Bat there was some consolation in this—that if all the
capital were rendered productive, and if the conti-
nental fines were developed as he anticipated, their pro-
perty would stand in a pceition not very different
from Consols.—(Laughter.) This was a very dia-
rant result from what they had a right to expect ; but
if they looked those difficulties fairly in the face, the
company would be in a position to borrow money at
the rate of 3f per cent., and they would go to Parlia-
ment, as they proposed to do, on Monday next, and
show that they had met every obligation without
paying a dividend. With regard to their Ashford
and Hastings line, there was a clause in the Bid pro-
vHing that if the line were not finished by the
autumn of 184 S, no dividend should he divided after

that till it was completed. They had received lega
advice, however, that this only applied to the capital
employed in the construction of that branch, and they
were further advised that tLey must pay interest upon
that capital, bee use interest was not dividend.—
(Laughter.) But to-Jay they had been served with
an injunction against their paying any dividend
whatever till that branch was completed. lie had no
fcar, however, of such an injunction being found
valid.—(Hear, hear.) regard to the Reading,
Guildfurd, and Reigate line, he hal to state
that when they came to the agreement with
that line, which was now in existence, they
were lured into it by the expctation of a grea:
reticulation of lines on the narrow gauge running
from Reading to Oxford sal the north, thus giving the
South-Eastern a direct communication with the
north of England. None of these lines had been
completed, but the S )uth-Eastern Company had ful-
filled their agreements; and when the lines he al-
luded to were made, he still hoped that the Reading,
Guildford, and Reigate line, which was certainly ht
present in a disastrous condition, would be greatly
improved. A compromise on the existing agreement
had been proposed, by which this company was to pay
51- per cent, on the 600,0001. already raised on the
Reading, Guildforl, and Reigate line, and 4 per
cent. upon 200,0001. still remaining to be raised, thus
making the permanent guarantee on the whole
capital stock of that company per cent. This
compromise he strongly recommended the share-
holders to accept. He concluded by proposing that
the report be adopted, printed, and circulated among
the shareholders.
Mr. RENSHAW seconded the motion.
Mr. JOSIAH WILSON objected to that part of the re-
port which recommended Mr. Barlow's discovery of
iron sleepers and chains. He said the Greenwich
line was at first laid upon stone sleepers, which were
found to shake the engines to pieces, and it cost them
20,0001. to relay the line with the ordinary sleepers.
He, therefore, warned the shareholders not lightly
to go into this enormous expenditure which
might, perhaps, land them in as much more
to return to the old system. Its complained cf the
extravagant salaries on the establishment, not except-
ing that of the chairman, who, since he got 2,0001.
from the shareholders, had become the sole dictator
of the concern.—(Hear, hear.) Would they believe
it, that his honest and straightforward Friend,
Mr. Thompson, had not been called to a single com-
mittee meeting since he dared to say that the money
of the company was unfairly used ?—(Hear.) What
bed proved Mr. Hudson's ruin had been applauded in
the case of Mr. M'Gregor. He had taken dividend
out of capital while the opposition of the North Kent
Company existed, and he was applauded for it. He
then compared the salaries on this line with these on
the midland, those on the latter being much lower
than the South. Eastern. Mr. Wilson proceeded in
this way for some time, now cheered by the share-
holders, and now assailed by cries of " True" and
" Question," declaring his opinion that the chairman
was mismanaging the affairs of the company, and
that he rendered the funds of the company sub-
servient to the interest of a banking establishment in
L'verpool. He concluded by asking whether all the
funds for which the No. 2 shares were created were
paid off.
The CHAIRMAN said that the No. 2 shares were not
created for discharging bond debts only—the other
purposes bad absorbed those shares, so far as the bond
debt was not discharged.
Mr. WILSON asked how much of the bond debt was
not paid off ?
The CHAIRMAN said the bond debt was set forth in
the report.
Mr. WlLsoze said the debt was not to be found in
the report. He would ask another question—How
much the steam-packet company owed the railway ?
The CHAIRMAN—The amount was under 7,000/.
Mr. WILSON was then proceeding to denounce the
steam-packet company, but was met by the universal
hisses of the meeting, when he said he would not
touch further upon that. lie then came back upon
the question of the directors, and said that the books
of the company were taken to the Chairman's house
and locked up there.
The CRAIZICAN—That is positively untrue.
Mr. WILSON—Grant him a committee, and he
would bring a man upon oath to prove all he said.
He did hope that the shareholders would, ere long,
propose a committee of investigation, and they would
find that their accounts were cooked, that dividend
had been paid out of capital, and that dissatisfaction
with the management was general all over the world.
—(Cries of " No, no.") He concluded with moving
that they only appoint one of the directors now going
out of office.
Mr. SMITH seconded the motion.
The CHAIRMAN replied to Mr. Wilson, and said he
had no doubt the meeting would listen to him after
several years of faithful service which he had devoted
to the company.—(Cheers.) Mr. Wilson had rung
the changes upon the liberal sum of 2,0001. which had
been allotted to him, but he bad to say that if they
chose to revoke the sum voted last year, it was as
much at their service as on the day it was voted.—
(Cheers.) He declared that neither he nor the rest
of the directors would meet with Mr. Thompson, the
director alluded to by Mr. Wilson, as it was impos-
sible fur them to meet with any man on other terms
than mutual confidence and good will. The charges
brought against him by that gentleman had been in-
vestigated by the committee appointed last year, and
he was ready to submit to any further investigation
—the only painful thing connected with it being, the
horrid sacrifice of his own property which had taken
place on this line.—(Cheers, and cries of " Who's in
the same boat ?") Yes, he admitted that; but he
could say that lie held every share in the line
now that he held from the beginning.—(Loud cries of
" Hear, hear.") He then defended the officers of
the establishment and their salaries, and retorted
upon Mr. Wilson that his interest in the Blackwell
Railway and the Gravesend steam-boats, induced him
to find fault with all that had been done on the North
Kent line. He challenged Mr. Wilson, or any
other, to compare the South-Eastern expenses with
the Brighton or any other line in similar circum-
stances. With regard to the directors, he declared
that nothing would induce him to sit at the board
with that man (pointing to Mr. Thompson). [This
expression led to loud cries of " Shame," and " Hear,
hear."] Ile trusted that this meeting would re-elect
the retiring directors, and proposed, if they did so,
that the directors should, at their first meeting,
ballot for the retirement of three of their number.
Mr. Thom's" the director alluded to, then read
a written statement of his complaints against his co-
directors. These referred to alleged misstatements in
former accounts, debiting the capital account with
what belonged to revenue, and lending money to
other parties in an irregular manner. The meeting
listened to the statement with considerable impati-
ence, 'and there were several calls for Mr. Thompson
to state the cause of his
quarrel with the chairman
and other directors. He said he bad been attacked
because he denounced the mode in which the affairs
of the company were managed, and every insult had
been heaped upon him to induce him to resign his
seat at the board; but as be knew his own integrity,
he disregarded the tactics which had driven twenty of
his predecessors to resign.—(Hear, hear.)
the
Mr. RATCLIFFE would like to know if any of
other directors knew anything of these matters .
Mr. RENSHAW said that some of the affairs re-
ferred to took place before he was a director ; but be
had investigated the whole of them, and he could
declare upon his honour that there was not one word
of truth in what Mr. Thompson had stated.—(Loud
cries of " Hear, hear.") lie had further to say, that
if they were to extract the truth out of Mr. Wilson's
statements, they would find it reduced to a very
small modicum indeed.
Mr. TaomesoN here (in a state of great excite-
ment) declared that Mr. Renshaw, who had contra-
dicted him in that infamous manner, was qualified
by the chairman, who had given him twenty shares
to enable him to be a director. He threw the charge
of falsehood back in his teeth.—(Loud cries of
" Order.") Yes, he told him to his teeth that it
was a falsehood.—(Cries of " Shame," " Order,"
" Chair.")

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.)
He entreated Mr. Renshaw to make no answer to
these statements.--(Cheer=.)
21r. Wilson's amendment with regard to the direr-
tern 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 cf 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. 11. SmiTcr said he had attended the meeting
determined to vote against the re-election of the re-

tiring direct rs, as -he was of opinion the number
t o o
ttheil
itehre
erf
odirectors
ro, he
would declined i nse support
asso-
ciate
the
should be reduced to nine; but, after the exhibition
of temper shown by Mr. Thompson to-day, he did
not
wa°vni with him, ad,
therefore, rth t other
re- lection 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.
Tnis motion was agreed to, Mr. Thompson de-
claring that he would not be bound by it; and the
retiring directors, lion. Mr. Byng, -Mr. Bradshaw,
Mr. Jack, and Mr. Kirwan Smith, were re-elected.
A lung discussion then took place on the election
of auditors, which ended in the -meeting adjourning
for a month to receive Ihe names of properly qualified
candid ices ; 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. agrees to.'
The CHAIRMAN then brought before them a Bill
which was now befJre Par lament, for an increase in
their capital account, which he said was rendered ne-
cessary by the purchase Lf the Gravesend and Roches-
ter Cieal, the extension of the Se L?onard'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 IN o. 3 and 4 shares should cease, was also
brought forward, and was also approved by
.a majo-
rity of the shareholder=, the minority handing in a
protest against it.
The CHAIRMAN then brought forward the contract
with the Beading, Guildford, ar.d Reigate Cotnpany,
and recommended the adoption of the compromise
now .uggested by the directors. Ile said the pill
was as hitter 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. Ha concluded by pre-
pozing a resolution, agreeing to a lease of this line,
at a rate of 5. per cent. on the paid-up capital or
600,0001, and 4 per cent. on the calling up of the
remaining Parliamentary capital of 200,000 t, 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 Resdirg, Guildford, and Reigate Company as
perpetual debentures, at the rate of .5* per cent.
After some discussion, the resolution was agreed to
by a large mejority.
Thanks were then voted to the Chairman, and the
meeting adjourned.

RAILWAY SHARE MARKETS.

- -
BRISTOL, MARCH 14.
STOCK EXCHANGE.—The market to-day has been some-
what depressed. The transactions were as follow : Great
Western, Quarters, 11!4 —Wits, Somerset, &c., 101/2 dis.—
Taff Vale, 13 p.
LIVERFOOL. MARCH 14.
STOCK EXCHANGE.—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 dis.— London and North-Western, 1011,2—Ditto,
New Quarters, 6s. 3d. dis.— Ditto, Fifthr, p.—Midland,
3914 c. ex div.—Ditto, Halves, 25 dis.—Shrewsbury and
Birmingham (91. 12s. 3d. L'.), 6 dis. —York, Newcastle, and
Berwick (Extension Ncs. 1 and 2), 113/4 dis. ex
divr-
Ditto (G. N. E. Purchase), 6 per Cent. till 18'.i0, 64 dis.
MANCHESTER, Blancir 14.
STOCK EXCilANGE.—Business on our Stock Exchange
to-day was very inactive, and prices remain almost station-
ary. The transactions were as follow :—East Lancashire,
8a c.—Ditto, Preference, Quarters (min. 6 per cent.),
7% —Lancashire and Yorkshire, 401/,, ex div.—Ditto, 32/.
(late Extension), 11% ex div.—Ditto, Halves (H. and S.), 20
—London and North-Western, 104—Ditto, Manchester and
Birmingham (C), Quarters, 746 n. p.—Manchester, Sheffield,
and Lincolnsbi-e, Eighths, 1 13-16—Ditto, Preference, 6X
—Ditto, 111. 10s. Shsres, 1Y,4 n.—North Staffordshire, 111,8
n. d.—South-Eastern and Dover, 17—Ditto, Scrip (No.
4), 55i.

BIRMINGHAM, MARCH 14.
SrocK DICHANGE.-Our share market was brisker to-
day, but there was no improvement in prices. The transac-
ctions were London and North-Western, 104 -Ditto,
Fifths, 1/g p.—Ditto, New, IA dis.—Midland, 391/2—Shrop-
shire Union, 3th dis. - South Staffordstire, 4 1-16 dis.
YORK, MARCH 13.

STOCK EXCHANGE.—The transactions to-day were as
follow :—Great Northern, Preference, 71. 16s. 3d.—York,
Newcastle, and Berwick, 13X —Ditto (Newcastle Exten-
sion), 8%.