The Sun.
London, England, 1845-11-08 00:00:00

COURT CIRCULAR.
oWl'infa°R, FRIDAY.—IIis Royal Highness the Duke of
mbridge arrived at the Castle at two o'clock to day, to pay
his respects to the Queen, and remained to luncheon with
ter
Rajesty and Prince Albert. His al Highness left
Vw„ni at four o'clock.
theirs Serene Highness the Duke Ferdinand of Saxe Cobourg,
a
S .“eyal Highnesses the Prince and Princess Augustus of.
Sage Cabourg, and his Serene Highness Prince Leopold ot
-en.e Cobourg are expected to wive at the Castle this evail-
,!lfrorn the'Conti'nent, on a' visit to her Majesty. Their
4iij and Serene Highnesses will trarel from town to
tagh on. the Great Wesle Railwa by a special train,
suit been ordered for rn
the illustrious party and their
taill,,e_Qn(la and Prince Albert took their accustomed early
prig' walk to-day.
tended
b v Li Albert rode out on horseback in the forenoon, at-
The Colonel Wylde. Prince of Wales, Prince Alfred, the Princess Royal,
And he Princess Alice
were taken for equestrian and walk-
exercise this-tnornin_
g.
phag sty and her Royal Consort rode out in a pony
tensed
rseback Maje
this afternoon, his Royal Highness driving, at-
-I.3rd Charles Wellesley, Equerry in Waiting, on

kii.is Roval Highness the Duke of Cambridge left the Royal
Wiinittri.all: -Cellege, at Sandhurst, yesterday
4t Cab morning, for
Castle, and afterwards proceeded to town, arriving
retrain;
,v‘kriiitiligsemlißo. use at six o'zlock.
ie.kford Collett, M.P., Chairman of the Re-
thair.._ Canal Railway Company, Mr. Lewis Cubitt, Deputy-
bit „wan, Major Beresford, M.P., Mr. Henry Thomas Hope,
taaaizeo.rge Frederick Young, and Mr. Char,les. Freeth, ac-
Ra Paaied hY Mr. Joseh Gibbs and Mr. IN illiam Radfo,rd,
lietseers; Mr• J: Collier Surveyor, and Mr. Mason, So-
pti,,°,,r' ha delit• tion front the Regent's Canal Railway Com-
et th -ad an interview with the Earl of Lincoln yesterday,
Gr:The e office of Woods and Forests.
L Governor of the Bank of England, and the Deputtys-
-I:4ehruor, had an interview with tha Chancel.or of h
Serequer YeaterdaY, at his residence in Downing-street.
Robert eral of the Cabinet Ministers hal interviews with Sir
heTeel Yesterday.
Deal east of Dalhousie left town yesterday morning fir
bis Patch •
Sia.l.v es were sent off yesterday evening from the Colo-
'Lee for the Governor of Thing-Kong.
GRA
"Ei ISINNE,R AT THE MAN-
The Lo SION-HOUSE.
Mayor gave a splendid banquet on Thursday
ttestillg to the Lord Bishop of Calcutta. Amongst the
ktotieUT!sent Were Sir Henry Willock, Chairman 0
ofkatt Winie East India Company ; Sir Robert Dale, Canon
St. St. p'leen, and Sir John Pirie • the Rev. Mr. Dale, Canon
Vicar ofaiu,!,s, ; Colonel Hutchinso'n, the Rev. Daniel Wilson,
serer,' ia;ington ; Mr. Wilberforce Bird, Mr. Colson, and
The
con tes.
fed i PanY assembled in the yellow. drawing-room, and
The in long parlour.
0 Calc°ll" tiyOß, in proposing the health of the Bishop
exertionutta
„'..,ver warmly praised the vigorous !indskilfunfl
theistij,4B. 41e Iteverend Prelate to extend the blessings
lete It.). in the East, and expressed a hearty ish for the
quiifi restoration to health of a min who wwas as well
suasion; as be Was inclined, to render service to the great
The II!' ,which he was engaged.
kost int 'snop of CALduTra, in returning thanks, gave a.
hia lab erestlng account of the success which had attended
l'lstre,ho;er!.,..in India,
importantand acknowleded with gratitude,
a',,t reeeiveZessed, the support and assistance he
den cornpaoryornattlir Government abroad and from the East
uppo abroad and from the East
tlluirc enablj at home_support and assistance which had
eliarlieri.enabled him etonieb-2ld a cathedral instead of a new
coest,,,, in addition to which, thirty new churches had be
Iksit'ted hY private subscription.—(Hear, hear.) He.feelt
,4figiar.nien to be soon able to return to his labours, which,
Zolla CttefiTis the success already resulting from what had
str.ki,,,,a,beptefdruiitniests.he East, he had every reason to hope
Toby *h":„9•42lcic, in returning thanks for the honour done
untoloeit7b"lPany in drinking his health, .bore his testi-
`'e "'e immense benefits which had been confert:ed.on
talcutt Li
bY the indefatigable zeal of the Lord Bishop of
snit his ow and expressed the desire of his brother Directors,
Surdfqo,wo d'esire, to aid and assist in the good work going
, 0,,Y ererY means in their poHear, hear). .
ksavour .:"RY INGCas thanked the Lord Mayor for the greet
iejaePPol3.rtuielirtdyshaiPn. dhadi• conferred upon him in allowing him
aure of meeting so many of his
berfo a friehd.s. He PassedpPleasure
high eulogium upon Mr. Wil-
the
erfereßird for the ablemaanner in which he had managed.
there. 4irs of India during the long period of his residence
Poland
him :del IbreFILNSON returnei thanks for the honour done
,he tosity
ataY'-- detailed some facts connected with India duringt.hon
of the asisembly
ah,
eor.tli.at country which greatly engaged the atten 1
sll, 11.91ifl etehlti:r. DALF, when. his health was drunk, hoped
to eo. ""P would be enabled to return with renewed health
i Patips , great undertaking, and that he would make
ties
Iv, %,athedral in Calcutta as renowned as the St.
(4ear, hear, lie (Mr. Dale) had the honour to repres_
Ma or
I;.,Poti hisear.) Hs highly complimented the Lord M y
'athed Lordship's regular and constant attention at the
teaceesetal, and I
A , asped his example would be followed by ins
ehief 1-"' ile nag convinced that the example set by_ the-
ay in
I,•gistrate of this great City in appearing each Suna
1110 st ;111Place in the Cathedral, was calculated to have
Afer beneficial effect upon the people. .
l'Po4(leci tile health of Mr. Wilberforce Bird had been re-
lrstes of ti° hY has entleman, and the toast of the Magi.s-
esa, th i-,ondon been acknowledged by Alderman Wil-
Sloste Party withdrew to the drawing-room, and concluded
elep„egreeable evening. This finished the numerous and
—l' Parties of the Mayoralty.
.7., - _

Sik___"r° TifeEDITOR OF-THE SUN.
tloq ---_, Do You not think that an illuminated dial to thermore
4 eeth:Mhe Royal Exchange would, in the evening, be moin tite,r`awe to the citizens of London than the one now Viiii and Which would be' seen quite as well during the dig,
te. the expense would be comparatively very small? Jogy th4ling out this hint in the pages of your valliable,and oted:e Widely. circulated journal, you will oblige yours,
1413'i - -A STRANGER TO LONDON.
e
7,1845. -

N -EL
pAT,
Ntvo i.;"TING INTELLIGENCE.
'I4LRICET COURSING MEETING—ThuRSDAY.
(Badlingham Field.)
T
q THE DERBY.—DECIDING COURSE.
Iradbroke's Mac beat Mr. B. Smythe's Sportsman,
p. °II the stakes.
Igazo THE CUP.—SECOND TIES.
s'''t Damask Rose I Duchess beat Veronica.
40.4 fat
nra :ruu OAKS.—SECOND TIES.
aer ciosa I Dowager Queen b Mealey(dr.)
b°rus THE PORT STAKES.
"mat Vanguard Fullsail beat Mackerel.
I
beat Mintman (dr.):
Notts TUE CHIPPENHAM STAKES—Tag&
s_ beat Cruiskeeu I Wideawake beat Silesia
_s THE BADLINGHAM STAKES.
Wildrake beat Mr. Gillett's Gipsy Quern
t Debate's Diamond beat Mr. Fyson's Father Mathew.
b rora st MATCH.
I'l3P. aclbroke's Meg Merrilies beat Mr. Dobede's Dew

81, HUNTIIsTG APPOINTMENTS._
aoe
Course;
i.i riii"torl harrs Mon. Patcbam; Wed., ,li
4.„4-71te•---11. " '
totacoeside harrs•, Mon., Newmarket-hill; Thurs., Tele-
pi„e,:rYe-....10i. '
Thorn ;
Sat--r 1 hds., Tues., Parham ; Thurs., Wapping, .411
f•arl ngi'lant
Saxbv of liarborough's bds.. Mon., Welsby-house ; Wed.,
Gale Si Yllill ; I?ri., Swallow-village-11.
ACgalx:4n Sykes's hds., Tues., Whinmoor-build; Wed.,
); Fri., Mr. Beeville's, Thorp-hat.ise. e
~
A„,, rstorie hds., Mon., Kingsbury-Nr°d- --I W d
Ansley-hall; --hall ; Sat.,
tgr; Thrs. adeby-gate ; Fri, 113 ,
kr. e.abbeY---10 Red Lion,
l'Iva;() Chandler's hds., Tues., Coombe Perry kr hi") ' Ataas— Wood; Sat.,
Nit .-.,,es hds. 10i. Mon , Dunstone Cross ;
ll Rouse-10..
u,iivaerarto-brikdge-10i• O.'
Alr°Pshire hds , Ato High Ercall ; Wed.,
Petton ,
Wed., Lea Moors;
re
'14)0r.....1011, 'Ws., Wed., Huntsham Ham House ,
Si w ~ • Sat., Gibbet
'4lr(l. p',4" • WYnns hds. Mon., Chirk Castle; Tues., Is-
-1 Att: A", Nescliff; Sat,,King's Mill-14 .
4lii;',„".• Smith's hds., Mon , latford Oakcuts ,
Wick Farm;
Pa., s" ed, Wherwell Wood;. Thurs., Lower
h . outh aTues.loare
Q,4k -r"Te ; Sat., Clarendon Park.
1114 e of Bedford's lids, Mon., Alderton village ,
4141141 n Village; Fri., Leighterton village; Sat., Christian
She
; Post—il.
~ r,w°od harrs , Tues., Berry Hill; Fri., Wh',V._uis., Cat.
11t,Yel Ingram's ids., Mon., Longford; o
t: •34t., Renburst-10i
• 11 vil-
la*,:ntsliegtoe hde , Mon Bunny Park; Wed., Tickna
(41;10 at. Cavendish-bi:i'dge
Th 41,31143, Alen., Shearsb. Inn ; Tues.,
B,lti,' -addesby ; Fri. Benny Park-104.
84t. ,°rdles., by ''-- '
a ,_ ry inkburn ; Thurs.,Priory;
Beaumanor Park ;
Thurgarton
tll.i.ilea Ilall—° 104.
L.Y 0 1. Bentinck' hd Mon. Blanket'; Toes., Thonock,ske
lel,„Litillabergh w 3 8:, b 'wen ; Thurs.,
ruorpe ' ed., Linwood, y
Ir , '4l.
Rook
l'erk: i"arquharson's hds., Mon , Yellowham ; Tues.,.
tthill's., Glanville's Wooto.n ; Fri"
Sydling
BeariFr arM—
Ili. , Tues, Pointington Ridge ; Fri., l'°°'
tr. De •
lievo 4,as harrs., Tues Achill Forest-10.
ts n 114'.• Mon Lu "0 h 11.
,414:-Y:Poe:l.:.olltienehzi°l;ll;rsl.:::MTo-unse.es., ,mHe—azeleigh
e •rist I.`
Hall;
Hall; Se., Totham
.r al Green (if there should De rain)-10.
i
Bulmer ; T. hui_rs._,
jAnl,dh_iro.
........„...........................
Lo, LLoyDs SHIPPING.
cit„:ibo=q, Nov 7 Wind S.S.W., light breeze and fine
weather.l-- • .."-
Ipkti4:;iraNzo,l3. 6_.---Wind 5.5. E.,. mwoderisaitoegt.-oAn,rrdiungsg:
p "elea , „ weuth Seas. Sailed 0?
Luzon.
4,,alliate iylotlehton le Spring, Cousins, dittei Sul-
re (lib 4, ditto • Wales ; Sydney,
W..,:i+-" Lrol,-;)fl:t4. Arrived from the river and sailed,
,J. SYdnev, New South
ra It A , erse7
01,6. , Inchell, .Dornillioa•
Lass, Shepherd, Cape Coast Castle;
(, t, 111 thcrodAN, Nov 4.—Olive Branch, Bombay.
11A1311 ai
,ußAliihtis, Nov. 5-.--William Tell, Farren, Quebec.
0,71'1, Nov. 4.—Arrd. Ann, Johnston, Quebec.
rrd.
"err i-"`tvEN, Nov. 3.—ind E.S.E., strong.—A
lei
0!, S. John's, New Brunswick.
hristtp, Nov. 4.---Sld. Letitia Heyn, Pirie, New Orleans;
1.4. e, Montgomery, ditto.
`l'Noli"rr,.Nov. 5.--The Ellen, Rose, from Stockton to
,aells, , Alit in here this morning leaky ; will ship extra
vAt arid proceed
11
e k°l;.4l' 'Nov. G.—The Anne Margarette,
beatlesterday from Longeound, threw her deck load over
' on the 21st ult., and received derange to her hull.
which arrived.
NTo MARINERS.—SUNKEN WRECK. _
,ti,i oiteit.A.m, Nov. s.—The Anne, of this port, reports i
I\l vessel in St. Nicholas Gat, bearing Loweseeoe.t church
itlli "'' St• Ni c> 1 n N. by W
c,,,„ , ic oas . oat W. /2
3 low water.
F
A lett,,,,T,RE GENERAL, OF SUNDERLAND.
1' W., in twelve
,-er lab letter has been received at Lloyd's this morning from the
'reie "i- "Luce, enclosing copy of a dispatch from the British
q,:li. at tockhlm, reporting the stranding of the brig
N.ritl, of Sunderind, on the Reef Flytorne, on the 12th
lleg a A second letter from the Foreign Office of this morn-
a.., nneeces that the American whaling vessel Navy had
-.. let, ,-, _ . ,ainki , r ayal, with several articles taken from a vessel
rkpilio(tar,el,i,et, on the stern of which were the words " Packet,
144 ate,
~..11T-11°LisEs AND VESSELS ON THE FRENCH
ptl'he Fr COAST.
L'aatt
au each Consul General has transmitted to Lloydt's
ice tot:: light houses and light vesslevl7iioolii
maythe ofcoasts ' %leers eonl°atphpl°ifcatte to the FileBc4rseiarv.
,ittttiefir,e brol-..............._

iitit,-,ts of ice out on Wednes.inv morning in the
-fad, -Ye Bell Inn, at Thetford, which were entirely c0n-
t14140.-84 well as thirteen horses and eight sets of harness,
--enty
au. Robert Edward*.

LONDON AND BIRMINGHAM
RAILWAY COMPANY.
SPECIAL MEETING OF PROPRIETORS.
Yesterdl a special general meeting of the proprietors of this
line of railway, was held at the Company's Offices, Euston-
square Station, to consider and sanction an agreement enter-
ed into by the directors of this company with the directors of
the Grand Junction Company, for an amalgumation of the
two Companies; and also for the purpose of considering
and sanctioning another agreement entered into by the
directors with the said Manchester and Birmingham Rail-
way Company, for an amalgamation.
The chair was taken at one o'clock precisely by George
Carr Glynn, Esq , at which time there was a very full muster
of proprietors present.
The Secretary (Mr. CREED) having read the advertisement
calling the meeting,
The CHAIRMAN rose to address the Proprietors. He said
he was exceedingly glad to meet with them on that occasion.
The present meeting was the most important they had yet
held, as arrangements would be submitted to their considera-
tion and approval, which, if carried, would enable the Com
pany to stand higher and command a better position than it
had ever done before. They would recollect that, in
February last, at a meeting which was then held,
an amalgamation with the Manchester and Birming-
ham Railway Company was then sanctioned. Since
that had occurred circumstances had happened which
rendered it necessary to alter the teems of union then pro-
posed and agreed to. He would not on that occasion go into
an exposition of the views and motives that had led to the
alteration of the proposal, though, should the proprietors
wish it, he was quite prepared to go into an explanation of
the whole affair. At the previous meeting he told the pro-
prietors that he was anxious only to make with
the Company referred to, a fair and equitable arrange-
ment ; a view of the question which had not been
lost sight of, though were he to go into a detail of reasons,
it would require a considerable length of time and expla-
nation. The best course would be for the proprietors, should
they think fit, to examine for themselves the voluminous
statement of accounts, which would be open to their inspec-
tion. If in February last they saw that it was necessary
to amalgamate with the Manchester and Birmingham Com-
pany, it was still more so now, as since that time direct
lines had sprung up in every quarter, and it was
necessary for them to be on the alert. No doubt, though,
many of these projected lines were only traced on paper, and
were not likely to be carried out, still they were sufficient
to induce them to take steps effectually to protect the inter-
ests of the Company. In consequence cf the arrangements
proposed to be carried out, he might say that the
London and Birmingham Railway Company were in a
position to offer the people of Manchester with regard to
traffic terms such as no other Company or body of capitalists
could, or that the supporters of any projected line could by
any means carry out. He was persuaded no body of capi-
talists could be found to maintain a railway in competition
with the one he represented, under the arrangements pro-
posed, without a loss. In every point of view it would be
vain for the people of Manchester to expect that
cheapness and accommodation from the line they
were at present supporting in competition with
the present one. If they went on with their line
they would soon find the competition so great that all ex-
pectation of profit would be destroyed. It was vain for them
to say that the line they supported could carry goods from
Manchester to the south in the face of their amalga-
mated Company, with any reasonable hope of realising and
cocoa on the capital invested, so far as it regarded the first
point. New with respect to the arrangement with the
Grand Junction Company. They (the Directors)
had succeeded in coming to terms for malgamation with.
that Company.—(Loud cheers.) This arrangement, as they
might be aware, had been attended with a great deal of
difficulty, but at last they had succeeded in coming to terms
which were satisfactory to the Grand Junction Com-
pany, and such as would be to the advantage of the
London and Birmingham. He was sorry that the
proposition for an amalgamation of the two companies
had not been agreed to when first proposed.—(Hear, hear.)
Such a course would have removed a great amount of diffi-
culty out of their way, and saved a great amount of hearts
burning and foolish squabbling. But that was past, and
there was no user effecting on it ; and the subject formerly so
desirable was to be submitted to them that day. By the
amalgamation of all the interests proposed an immense ad.
vantage would be gained. They would then command the
most direct line to Liverpocl and the north generally, possess
the most ample means for the accommodation of the through
traffic, and have the whole placed under one entire manage-
ment. Another advantage of this amalgamation would be
that they would get rid of the competition for the Holyhead
traffic, with which they had been threatened, and, secondly,
that they would command the use of the large establish-
ment at Crewe for the mechanical purposes of the entire line.
If compelled to go to Parliament next session, they would
be ready for it by this amalgamation ; but, iff parties who
were disposed to oppose them were sober-minded for that,
they would be also ready. On all hands they would be pre-
pared. Moreover he would, and he was sure they would, be
ready to submit to any arrangement to secure the public in-
terests that Parliament might be disposed to make. He was
desirous that the fullest protection and accommodation should
be given.to the public. With regard to the carrying of goods,
it was their intention to allow private parties to carry on the
line, but if complaints should be made that carriers abused that
privilege, then the Directors would be prepared to enter upon
that department, and would take care that the public were
properly accommodated. In carryiag out the amalgamation
between the two companies" considerable difficulties had
arisen; but he believed that what had been agreed
on was, generally speaking, the best that could have
been done under the circumstances of the Company.
He would now address himself with regard to
other companies having a relation to these two.
There was the North Staffordshire line, a scheme that was
not like many of the ephemeral projects before the public,
but one that would command a large local traffic, and which
was supported by great local interests. In respect to that
scheme, stipulations had been entered into which were mu-
tually satisfactory to all the negotiating parties; and a pro-
posal to the shareholders of that Company had been made
that would prove important to their interests, and which he
had no doubt would be accepted by them at the general
meeting of that body, to which it was to be submitted.
Then with respect to another project, the Birmingham Canal
one, the arrangements with that Company would remain
exactly as they were before. That Company would go for-
ward in connexion with the Shrewsbury, Wolverhampton
and Birmingham Railway Company as previous to
the amalgamation. Next respecting the Shrop-
shire Union Railway, arrangements were in pro-
gress for an alliance with that Company, which would
secure to them the London and Birmingham line, the
whole valley of the Severn from Worcester to Crewe. With
regard to the Shrewsbury and Birmingham Company, they
would stand in precisely the same position as prior to the
present arrangement ; and as it respected the opposing Com-
pany, supported by the Grand Junction Company, a pro-
position for an amalgamation of the two had been
proposed. An offer had been made to them by which a
beneficial interest in the present scheme, under a properly
defined arrangement, would be secured to their Shareholders.
The result of this general arrangement would be peace be-
tween all interests, and the carrying out of a plan that
would secure a mutual and lasting advantage to all parties
concerned. Though it was not usual to submit a report
at a special meeting, the present business was considered
so important that one had been drawn up, which
would be submitted, embodying the principal features of
the amalgamation. After that had been read he would be
prepared to go into the details on which it was founded,
should it be desired of him, or to afford any explanation that
might be required. There was one other point before he had
done. The capital accounts of both Companies were
about to close ; they would, however, be opened
again in a short time. He was not prepared at
present to say more than this ; but he hoped shortly that a
small distribution of stock would have to be made to the pro.
prietors consequent on that close. It would not, in all pro-
bability, be very much, but as soon as it was ready for dis-
tribution he would take care that every Proprietor was
Apprised of it by circular. The Hon. Chairman concluded
saddress amidst considerable applause.
The SECRETARY then read the following report :
" The Directors, in pursuance of the notice which they
have given of the present meeting, have to recommend the
adoption by the Proprietors of an agreement of amalgama-
tion, which has been conclude* by the London and Birming-
ham and Grand Junction Boards, subject to the approval and
confirmation by the Proprietors of each Company respectively
—the object to both parties being that the amalgamated
Companies should be subject to all liabilities in common, and
receive the same rate of dividend out of one common fund.
The relative circumstances of each Company in respect of ex-
penditure, revenue, income, and share capital, were fully con-
sidered, and a balance was definitively struck by which the
adjustment was regulated. In virtue of this adjustment, the
London and Birmingham capital is taken at 8,653,7504 and the
Grand Junction at 5,788,5604 making together a consolidated
fund of 14,442,316/., and for the future dividends of the
amalgamated Companies are to be calculated, and for this
purpose the receipts are, from and after Ist July last, to con-
stitute one common fund. In regard to the management
of our amalgamated concern, it is mutually agreed
that for the 'first five years there shall be held one
mutual board, whose meetings shall be held monthly,
or as may be found convenient, to consist of mem-
bers selected in the first instance from the present
direction of each Company, in the proportion of eight London
and Birmingham Directors to six Grand Junction—the
united board to discuss and settle all matters of general
policy. The London and Birmingham line proper being
worked, in respect of all details, under a committee sitting in
London, composed of twenty four Directors, and the Grand
Junction line proper being worked, as respects all details,
under a committee sitticg in Liverpool, and com-
posed of eighteeen Grand Junction Directors, or
sub-committees of either respectively. Considering
the great and obvious importance to both parties
of an arrangement which gives a common interest to lines
so circumstanced as the London and Birmingham, and Grand
Junction Railways, the Directors think it unnecessary to do
more on the present occasion than refer to the obvious be-
nefits which must be derived from a combination of the re-
sources of the two Companies under one common management,
and the increased means which will be thereby afforded of pro-
viding for the convenience of the public, and of adopting such
moderate rates and fares as will be felt to be satisfactory to
them. The Directors have further to recommend the adop-
tion by the: Proprietors of an alteration, agreed to on the
16th of September, in the agreement of the amalgamation
between the London and Birmingham and the Manchester
and Birmingham Companies, which was approved of at a
former meeting. The terms of those alterations are, that the
capital of the Manchester and Birmingham Company shall
be taken at 2,800,000!., 700,0001. of which is not to be
entitled to any dividend before Ist February, 1849, but may
be capitalised at any time. The power of the Manchester
and Birmingham Company under the Acts to raise an addi-
tional capital are not to be exercised without the consent of
the London and Birmingham Company. The London and
Birmingham Company are to guarantee to the Manchester
and Birmingham Company a dividend of 8 per cent., from
Ist February to the 31st July, 1846, on their paid-up capital
of 1,440,0001. ; from that date to the Ist February, 1847, at
the rate of 9 per cent. per annum on the portion paid up of
the capital of 1,800,000/. • from the 31st July, 1847, at the same
' rata and the portion paid up of the capital of 2,100,000/. ;
and from and after Ist July, 1848, a dividend on the same ca-
pital as a late equal to what may be paid out of the united
property of both companies to the. London and Birmingham
Proprietary. On the Ist of February, 1849, the capital of
700,000!. will be placed on the same footing as the capital of
the 2,100,000/, making the total capital of 2,800,0001.
" The Directors have only to observs, in conclusion, that
the arrangement with the Manchester and Birmingham Com-
pany, now submitted for confirmation, is simply a modi-
fication of terms which they thought it fir the interest of the
London and Birmingham Company to agree to."
The CHAIRMAN—Is it your pleasure, gentlemen, that the
rept rt now read be adopted? I beg to propose a resolution
to that effect, and also that it be printed and circulated among
the shareholders.
The resolution having been seconded, was unanimously
carried.
• The CHAIRMAN—I have now to propose to you a resolution
to the effect that the Birmingham and Manchester
Companies be considered as one, and be amalgamated as
to capital and in all other respects. Hon. Proprietors would see
that that resolution preserved their interests to the full extent,
the capital of 2,800,000/. being united with their own. They
would also perceive, from the circumstance that interest was