The Sun.
London, England, 1845-08-14 00:00:00

NOItTH WALES RAILWAY.
(THIS DAY.)
The first gc neral meeting of this Comp my sine re-
eetttlh ast re-
ceiving their Act of incorporation, was f eld this (lily,
,s
I, I' twelve o'clock, at the London Tavern ; ;Sir
ii,`"ani Wynn, Chairman of the Directors, presided.
he SECRETARY having read the advertisemel.t call
yhe meeting,
ParP CHAIRMAN said that, according to an Act of
e
they had convenednompany,
the meet: so• as Share-
ens in that Company, with the view of laying tile
elate of
affairs before them, and therefore, in the first
rPeemee. there would be shown them a statement of the money
11.‘adeibveeedn, and in the second place, the manner in which it
expended ; and he trusted that after seeing
these they would be satisfied that their money had been
expended in such a way as to induce them to place con-
'ilec in the Directors they had chosen. He was him-
selfpi„an advoc ate for railways, and in this case the Coal-
tio—Y' ttl, tight, had nothing adverse to fear from
y other Company. There might be particular obstacles
to the construction of railways, but, in genera', he was
;aye they were calculated to benefit the country, and to
:vantage all classes of society. The wealth of the
°,re opulent, and the labour of the humble, were alike
enhanced by the formation of these lines. The markets
„,.
lere increased, because articles were brought to them
jeficeaPer and more expeditiously. In the next place, the
inu rease of railways promoted knowledge, and it pro-
lotod health by facilitating communication with distant
t.saccs, and giving means of recreation which before were
never thought of. Thus admiring railways, he was,
!night say, an admirer of them all. Merionethshire,
7utch bordered their line, was intended to be intersected
two lines from Worcester, one taking the sea-coast,
and the other the inland country ; but he would refrain
rera giving an opinion upon them until the plans were
.veloped. Then,if he were honoured by still being in the
directory of the North Wales, he should be happy to
elate his sentiments as to the mode in which either would
t upon the interests of that country, but he thought
.e
that either would benefit them in a considerable degree.
would say one word as respected Ireland. It would
observed that one of their ports, Port Dynllaen, was
L'PPosite Wicklow, and this would be, therefore, a much
more direct route to passengers and traffic from London
I)ublin. The present route was most circuitous, and
anPrt:leet like the present was, therefore, likely to yield
th ample return to its Victors.proj He would not trouble
Zwith further remark but, before sitting down, he
linet`nclt help expressing his decided opinion that this
to the country at large.—(Cheers.)
.e SecretMARRINER, then read the report
itt Mr.
Atcrilv Direc,tors have taken the earliest opportunity of calling
shareholders together to congratulate them upon the pass-
thg of the Act incorporating this Corn vany, which Act received
the royal assent on the 2lst July last, and have much pleasure
rising before them a short statement of its present position
4,,,Ptospects.
"5 district of country which this line is to traverse, is that
itt-'44',. Bangor, in the county of Carnarvon, to Port Dynllaen,
the same county ; the latter place is a sea-port, situate on
the.coast of Wales, immediately opposite the port of Wicklow,
'? Ireland ; it posseses great natural advantages, and the capa-
t't9 of being made a most commodious and safe harbour.
2' Project having been formed in the month of August last to
i;"nect Port Dynllaen, by means of a railway, withthe Ches.
and Holyhead line, and thereby with the manufacturing
Cots in the north of England, and the mineral districts of
"sr the Directors consented to become, in conjunction with
r.veral highly respectable landowners connected with the foes-
riltY, the promoters of the line, feeling convinced that, if car-
p,ed„ into effect, it would be productive of great benefit to that
equirM
the country, an yield an ample return for the capital
for its constru dction.
At the time this Company was projected, ether parties had
Cmoted a of railway from Bangor to Carnarvon, and had
itC4rred considerable outlay in surveys and other matters, and
lianstirder to prevEnt the
en serious costs w
would have entailed, an al,
4rgement was entercd into with those parties to give up their
ffto the promoters of this Company, which was eventually
ed into ect•
During the progress of the Bill through the House of Com-
: s the Comprany had to contend with the opposition of two
itxtensive landowners, one of whom petitioned against the Bill,
(pie oPposed it before a Committee of the House, but subse-
ti„4t arrangements were made to the satisfaction of both par-
the" In the House of Lords an attempt was made to impede
illuiprogress of the Bill, which, however, proved unsuccessful,
Having
Act was obtained without further opposition.
b "ing thus given a short statement of the origin and pro-
b:3% of the undertaking. the Directors feel much gratified in
hemp
zt'ng Able to inform the Shareholders that they see no imperil-
tte"t in the way of their proceeding will the preliminary steps
:es'aty to be taken for the construction of the works, and
a7ingly intend to make immediate arrangements with the
84witers opt the line, for the purpose of securing early pos-
e% s'" of such land am may be required, and they confidently
Pct that one portion of it. namely, that from Bangor to
ar"n, will be finished in the course of nextsummer.
t
,The balance sheet attached to this report, which shows the
141'4' expenditure up to the present time, is submitted for the
N,iitit"bation of the Shareholders, and the Directors remark
blistht.pleasure, that the whole of the preliminaay cost in este-
d„e Ing the Company and obtaining the Act of incorporation,
vv.not amount to 7,5001.
sar;;lth a view of securing the advantages which will be niece-
Conferred on the undertaking by the exercise of the
b.*ers contaire:d in the Port Dynllaen Harbour Act, the
sitlilletors have great satisfaction in being able to inform the
vareholders that the necessary arrangements have been made
uh
theof the harbour to purchase their interest
_4 it. proprietors
1114 nonclusien, the Directors beg to congratulate the Share-
thewers upon the favourable state of their affairs. as well as upon
t 0 reas,nable prospects which present themselves with regard
the future success of the uncle! tzlchig
~STATEMENT OF CAPITAL. ACCOUNT TO TILE PASSING OF
Jur.
'EttlY 21 - THE ACT.

1815,

x 8. a

To Proprietors for Deposits on 11,890 Shares ... 14,862 10 0
~ Shares Forfeiteil,.
~ Premium on 'nares
4 13 10
Interest allowed by Ilanlivr.

£16,714 13 10

Cr,
9y,Vf,ngineering and Surveyin7 Expenses i
Non Account of Law Expenses an.i Par-
liamentary Charges in obtaining the Act
2,111 6 2.
~ 01 Incorporation
"'eta and Expenses of Offices, Salaries to
682 0 8
~ „ Secretary, Cleiks, &e.
)) % rylim inary Expe.nses, &c
112 18 luting and Stationery...
Advertising Expenses
', Aliscellaneous Expense' 60 4 6
'` Balance in hand •••

672 7 4

Ur 0 £16,714 13 10
it w ' `-'llArmas said that while the report was brief
lt,a most valuab!e, and they oug.ht to be particularly
sr,-"ed that their Chairman, who had so kindly con-
(eeitied to preside over them, was a native of Wales.—
eers.) Lie was glad to find that that beautiful and
41114utie country was beginning to attract the attention
lit,:ailway companies, and he was very sure that this
though a short one, was of a most valuable character,
41 would in a considerable degree completely alter the
thc,atiOns of England with that sister country. He
thwught the Directors merited the fullest confidence from
Le shareholders for the masterly manner in which they
04 carried their Bill through Parliament, and, in one
;'47tieular instance, he was sure they in the highest de-
e:a meted with the utmost foresight, namely, in not
ktlaPetiug with an opposing line. I{e should, therefore,
Ze that this report be received and adopted.
DASHWOOD seconded the motion.
T e report was received unanimously.
Resolutions to the following effect were moved, se-
to
tided, and agreed to :
That the Directors named in the Act be confirmed.
.g 4 That Mr. James tyke, of Westbourne Grove, and
' 4' enjamin Edgington, of Duke-street, Southwark, b©
PPointed auditors."
IMr .CAAPMAN inquired if any remuneration had et
11 given to the Directors ? and being answered in the
lie64tive, proposed, that, for the first year, 1,000/. should
oi granted as a remuneration for their sQrvices, to be
vhated annually among them.
bs CHAIRMAN said, th..-t after conferring with his
Kl,Leagues, he was appointed to say that 7001. would be
tined amply sufficient.
Etfr. CHAP3IAN thought that if 1,000/. were allowed to
The
as the maximum sum, it would be all the better.
Thie Directors might then limit themselves to 700/., it
eY should feel so i dined.
the resolution was then put to the meeting in its
44 Igival form, and carried unanimously.
ti.Ajr• Norms proposed that Mr. John Marriner be
The
secretary, at a salary of 3001 per annum.
',he CHAIRMAN passed a high eulo;;ium on the cha-
inLer rot the latter gentleman.
The resolution was seconded, and also carried unani-
%4ly.
c 4, *.CooKE proposed a vote of thanks to the Chairmant
Directors for their put conduct. He was sure that
iiio 411,41 voted to them would not be too much, for if the
iiii_,4llse of the Chairman of the Great Westtrn were fill-
Cu, that Company would also be extended to Port
aen
eia
vl] , tus entailing a greater amount cf labour on
Directohrs of the North Wales.
jol;l,:lnieede.n.tritsiAN returned thanks, and the meeting ad-

.*TORTHERN AND EASTER
RAILWAY.
,rI,IALp-yE.ARLY MEETING.—(THIS DAY.)
Ch" half-yearly meeting of the Shareholders in this
r 'll3arlY was held at one o'clock to-day, in the Board-
"f the Company, at the Station, Shoreditch,
ilebard Paterson, Esq., Chairman of the Company, in
too chair.
ohell'i,le business of the meeting was opened by affixing
Isoal of the Company to the register of the S,l are
Iteuers, after which the Secretary read the following
port from the Directors :
,flour Directors have to report that the dividend, at the rate
tif Per cent. per annum, for the half-year ending the 301 h
June last, on the respective Shares of the Company, will
de:jaYable on the Ist of September next (subject to the de-
nr property-tax), and will be as follows : viz .-
7,2 s. 6d. per Share on the Registered Shares (45/. paid).
;51 Per Share on the Registered Shares (20/. paid).
per Share on the Scrip Shares (35/. paid).
hale receipts of the Northern and Eastern Railway for the
bein_Year ending :20th June last amount to 45,7591. 1 s.,
tes,!_a increase of 2.,1931. 6s. 9d., as compared with the cor-
Isac, li!doiig portion of the year 1844, the same length of rail-
Th,:arlog been open at both periods.
ar.bitration, referred to in your Directors' last report,
Lie
pored account of a contractor, has not, on account
thid ',unusual pressure of Parliamentary business,
;bandeen con-
rluZu• There is, however, no other impediment
the 'na 0:43 the matter will be brought to issue previous to
A,rzt genergl meeting.
Atrieether engwments of the Company outstanding at the
f:l2‘ei °f the amalgamation are satisfactorily progressing to
hueson,
44d y °Pening of the line tbroNliont from London to Norwich
vouralrautith took place on the 36th ult., under the most f.a-
lattor auspices, and with every prospect of the most satis-
q 3' results.
The works have been completed with a degree
beenP6dition in the formation of railways, the whole having
eleettted within twelve months after the Act by
fly To extension of the line from Newport to Cambridge,
Ca Brandon was sanctioned, had received the Royal Assent.
Ptlin Charles Edward Mangles has retired from the di-