The Sun.
London, England, 1844-11-27 00:00:00

Capital £250,000, in 12,500 Shares of £2O each. Deposit
RI per Share.
COMMITTEE IN IRELAND.

COMMITTEE IN LONDON.
GEORGE ANDERSON, Esq.
CHARLES BARRY BALDWIN, Esq., M.P., D.L
THOMAS WENTWORTH BEAUMONT, Esq.
FRANCIS MO WATT, Esq., Deputy Chairman 6f the London
and York Railway
ALFRED RICKETTS, Esq.
EDMUND TURNER, Esq., M.P.
(With power to add to their number.)
BANKERS.

The Bank of Ireland, the Provincial Bank of Ireland, the Natienal

Bank of Ireland, and their Branches.
CONSULTING ENGINEER.
Captain W. S. MOORSOM.
ACTING ENGINEER.
JOHN VALENTINE, Esq.
• RCIIITECT.
CHARLES FREDERICK ANDERSON, Esq.
SOLICITORS IN WATERFORD.
Messrs. ELLIOTT and NEWPORT.
SOLICITOR IN KILKENNY.
HARVEY DEVEREUX, Esq.
SECRETABY.
W. BRIDGES, Esq.

. _
The proposed line front Waterford to Kilkenny is 32 English
miles in length. The total cost, including outlay fur stock,
stations, &c., will not exceed 8,000/. per mile.

It will be perceived that the line is intended to meet the pro.
jected branch of the Great Western Railway from Gloucester to
Fishguard (the South Wales line), and that it must necessarily
command a great portion of the traffic from the West of England ;
and, if extended to Dublin, will constitute Waterford one of the
most important ports of the empire.
Power will be taken for the further extension of the line to the
Irish Metropolis, in the event of such a measure being deemed ad.
visable.

The port of Waterford can be entered at all times of the tide by
vessels of 1,000 tons. The export trade of Waterford and the
traffic between Waterford and Kilkenny is considerable, and is on
the increase.

The exports of Waterford in 1835, according to the Report of
the Irish Railway Commissioners, amounted to the value of
1,821,2451., and the imports to 1,274,1541. At present the ex-
ports are represented by the local authorities to exceed two
millions, and the imports one million and a half.

At least one-third of the exports from Waterford may be pre-
sumed to pass through the county of Kilkenny, and this traffic
would necessarily receive a great stimulus by the construction of
a line of rapid communication with the interior of the country.
The probability of a remunerative return from a railway opening
up a communication between Waterford and Kilkenny, with a view
to its future extension to Dublin, will be enhanced by the adoption
of the economical principle upon which it has been determined to
construct the line, which insures a reduction of at least 30 per
cent. on the primary investment.
The necessary plans and surveys, with all other preliminary ar-
rangements, will be ready, so as to apply to Parliament for a Bill to
incorporate the Company early in the ensuing session ; and inte-
rest at the rate of 41. per cent. will be allowed to subscribers on
their deposits, u:.til the railway is completed.
Subjoined is a statement of the present through traffic and pro.
bable profit:—
Coach traffic, four journeys a day, 40 passengers at 6s. 3,740
Car traffic, four jonrneys, six days in the week, 100
passengers, at 2s. Cid 9,900
Merchandise, 100,000 tons, cattle included, at ss. per ton 25,000

£32,640
Assuming an increase of only double the present traffic, we have
63,2801 ; showing a divisible profit, after deducting 50 per cent.
for working expenses, 0(32,6401., or nearly 12 per cent. on the
capital.

No Subscriber will Ise responsible for more than the amount of
his Share.

The Prospectus and the form of application for Shares may bo
had at the Offices of the Company, 6, Parliament-street, West-
minster, and 36, New Broad.street, London ; of H. Devereux,
Esq., Kilkenny; Messrs. Elliott and Newport, Waterford ; Mr.
Thomas Millar, Broker, Edinburgh ; Mr. I. R. Owen, Broker,
Manchester; and the Company's Bankers.

FORM OF APPLICATION.
To the Provisional Committee of the Waterford and Kilkenny

Railway.
Gentlemen,—l hereby request you will apportion me
Shares in the above proposed Railway, and I engage to pay the
deposit of 1/. per Share upon such allotment as you raay be pleased
to make, and to sign the subscription contract required by Perlis.
went, and also the subscribers' agreement.

I am, Gentlemen, your obedient servant,
Name
Profession, Trade, or Calling
Residence
Date of Application

NEW CURRENCY.

(FRO3I A CORRESPONDENT.)
1. That one uniform description of paper money be
legalised in the United Empire, consisting of Imperial
notes or bills.
2. That a new permanent office be created, and a
Board of Commissioners appointed by the Crown, to
whom shall be confided the direction, control, and admi-
nistration of the issue department ; and that Imperial
notes, or bills, be specially engraved, executed, and
stamped for the purpose, due precautions being adopted
to prevent forgeries.
3. That the Commissioners shall be authorised to ad

vance Imperial notes, or bills, to all banks of issue, (Ds
count, and deposit, whether chartered joint-stock corpora
tions or licensed private companies, according to the option
of the applicants as to number and quality, the lowest rate
being one pound, on depositing in the Exchequer an
equal amount in value in bullion or of Government se-
curities, taken at the average market price for the pre-
vious three months.
4. That Imperial notes, or bills, shall constitute a
legal tender.

5. That all Imperial notes, or bills, be signed by the
proper officer of the Commissioners—that the names of
the banking establishments to which they are supplied
be printed on the satne—and that they be endorsed, before
issue, by the responsible agent of the firm.
6. That the notes, or bills, of each banking establish-
ment for five pounds, or under, be made payable in
specie, on demand, at the offices where issued, but that
seven days' notice be required for the payment in bullion,
of all notes, or bills, exceeding that sum.
7. That the Commissioners be empowered to exchange
now notes, or bills, for old ones cancelled.

8. That the dividends on Government securities lodged
in the Exchequer be received by the Commissioners, and
be paid over by them to the respective depositors, sub-
ject to a deduction of 1 per cent. annually, on the amount
of Imperial notes, or bills, advanced in lieu of stock,
and per cent. in lieu of bullion ; the proceeds to be
applied, in the first instance, to deray the expenses of
the Commission, and the surplus to be credited to the
Treasury.
9. That the whole amount of bullion or of Government
securities, or any portion thereof, may at any time be
withdrawn from the Exchequer, or transferred by the
parties originally depositing the same, or their assignees,
on presentation of an equal amount in value of Imperial
notes or bills, issued to to such parties respectively, pay-
ment of interest being made on said notes or bills to the
day of returning same.
10. That Imperial notes or bills may be advanced to
any banking establishment equal in amount to the quan-
tity of bullion retained and bonded in their own coffers,
under such regulations for its safe custody as the Com-
missioners shall direct and approve, and subject to the
same rules for deposit and withdrawal as are observed at
the Exchequer, and that any portion of their own Impe-
rial notes or bills not wanted for immediate use, may be
deposited under similar restrictions, with exemption from
interest during the period of lodgement.
11. That in csse any banking establishment shall at
any time determine to discontinue banking business, or
to wind up their affairs, the balance or•residue of bullion
or of stock remaining in the Exchequer to their account,
to cover outstanding engagements, shall be returned to
them after an interval of three years from the period of
notification, and that they be entitled to the profit arising
from notes unclaimed, lost, or destroyed.
12. That an annual report be presented to Parliament,
and periodical accounts published in the Gazette, speci-
fying the amount of Imperial notes or bills in circulation,
the monthly and yearly averages, together with a return
of the bullion and stock lodged in the Exchequer by each
establishment, as well as a detailed statement of their
assets and liabilities.

IMPORTANT ECCLESIASTICAL MOVEMENT.—An
important ecclesiastical movement, designed to separate
or reject several ministers and churches, is at present in
progress among the Scottish congregationalists ; and the
result, so far as we can learn, has been the disavowal of
fellowship or union, on the part of the four Congrega-
tional churches in Glasgow, with the churches and
pastors of the same denomination inillamilton and Bells-
hill. A similar proceeding is also in progress towards
the Congregational churches in Ardrossan, Cambuslang,
and Bridgeton. The reason of separation, we under-
stand, is a difference of opinion on the doctrines of
special divine influence, and of unconditional election,
both of which are said to be denied by the churches at
Hamilton, Belishill, &c.; and, on the other hand main-
tained by the churches in Glasgow belonging to the
Congregational Union. We learn, further, that the way
in which this separation has been effected was by means
of friendly letters between the churches differing, and
that the entire correspondence, exhibiting an interesting
feature of the churchan polity
doubtless
sie Independents, will
d
shortly be published,
naffordow A considerable
scope for polemical discussion.—
Earl Fortescue has offered to makelB;and„o
donation of books towards establishing the contemPlatn:l
literary and scientific institution at Barnstaple.

ATERFORD AND KILKENN-.
RAILWAY.

The Most Noble the Marquis of ORMONDE, Chairman.
The Right Hon. the Earl of BESBOROUGH.
The Right Hon. the Earl of DESART, D.L.
The Right Hon. the Viscount DUNCANNON.
E. SMITHWICK, Esq., Mayor of Kilkenny.
THOMAS MEAGHER, Esq., Mayor of Waterford.
W. M. ARDAGH, Esq., Waterford.
WILLIAM PONSONBY BARKER, Esq., Killcooley Abbey,
county Tipperary.
Sir H. W. BARRON, Bart, M.P., D.L., Belmont House, Wa.
terford
Hon. Col. BUTLER, M.P., Ballyconra House, county Kilkenny
P. S. BUTLER, Esq., M.P., Lodge Park, Freshford
Colonel BRYAN, D.L., Jenkinstown, Kilkenny
Dr. CANE, Alderman of Kilkenny
P. CONNELLAN, Esq., D.L., Coolmore, Thomastown, county
Kilkenny
SYDENHAM DAVIS, Esq., Thomastown
H. DE MONTMORENCY, Esq., D.L., Castlemorres, Knock-
topher.
W. F. FINN, Esq, Tullaroan, Kilkenny.
W. H. GREENE, Esq., Sion House, Kilkenny.
W. GRACE, Esq., Kilkenny.
Sir R. LANGRISHE, Bart., Knocktopher.
Sir F. LOFTUS, Bart., Mount Loftus, Goresbridge.
JOHN M'CRAITH, Esq., Kilkenny.
W. MILWARD, Esq., Waterford
T. MURPHY, Esq., Waterford
JOHN O'CONNELL, Esq., M.P., Dublin
Sir JOHN POWER, Bart., D.L., Kilfane, Thomastown, County
Kilkenny
HENRY RYAN, Esq., Kilfera, Kilkenny
C. B. SAVAGE, Esq., Kilcreen House, Kilkenny
R. SULLIVAN, Esq., J.P., Kilkenny
M. WARREN, Esq., Sandford's Co .rt, Kilkenny
THOMAS WYSE, Esq., M.P., The Manor, Waterford