The Sun.
London, England, 1845-09-24 00:00:00

£ 15,838
5,720

Deduct for cost of working the line

Balance of net profits for the half-year
" Out of this sum the Directors recommend that a dividend
of 18s. per share be now declared, which will leave the sum
of 773/. 19s. sd. to be carried to the reserved fund. The pas-
senger traffic, during the last half-year, has considerably ex-
ceeded that of any corresponding period, and continues
steadily to increase. In the goods department the Directors,
after much inquiry, have felt it their duty to make a very
considerable reduction in the rates, with the hope that the
great additional accommodation thus afforded to the public
will lead to such an extension of the goods traffic as will
largely increase the receipts. In order, however, to provide
for regularity in working, the railway, should such an in-
crease in this department as is confidently anticipated take
place, the Directors are proceeding with the ballasting of the
portion of the line between Belfast and Lisburn, preparatory
to laying the second line of rails from this town to Porta-
down. The Directors, having long felt that the amount
with which the Company was charged for poor's rate was
oppressive, and that they were taxed, not only on the value
of the land, which they occupied, but also upon their
profits in trade, appealed, during the last summer, against
a rate made by the guardians of the Lurgan Union. In
this appeal they were successful, and the rate was, in con-
sequence, considerably reduced. The Directors will feel it
their duty to appeal against every rate not made on the prin-
ciple settled by that decision. This may lead to very con-
siderable litigation, which the Directors would most anxiously
avoid ; but it is the only course left them, until the Legislature
shall interfere to put upon a proper footing the rating of rail-
way companies, a subject which has so long been a matter of
complaint, and which was brought under the notice of a
Committee of the House of Commons in the summer of 1844,
but without any practical result. The Act which was neces-
sary to enable this company to complete the railway from
Portadown to Armagh has been obtained. The new Act
contains a clause compelling this Company to alter the pre-
sent gauge from six feet two inches to five feet three inches,
which has been adopted as the universal gauge fur Ireland ;
but, at the same time, clauses have been introduced into the
Bills of all the Companies whose lines will join the Ulster
Railway, by which, under the direction of the Board of Trade,
they will be compelled to contribute towards the expense of
that alteration. The means of raising the fiords for carrying
on the works connected with the extension to Armagh have,
necessarily, been a matter of deliberation with the Directors;
and, after full consideration, they recommend that a call be
made upon the Proprietors immediately after the present
meeting; and that the Shareholders authorise the necessary
steps to be taken for borrowing, upon the security of the
undertaking, a sum of money to the extent of 50,000/. The
engineer's report stated that the number of miles run by the
engines had been 53,000, and that preparations were being
made for laying down the second line of rails between Belfast
and Portadown, the extension from which place to Armagh,
was in the hands of Mr. Dargon,the contractor, who had en-
gaged to complete it in one year and a half."
Dr. Tuomrsox proposed a resolution to the effect " That it
is expedient to raise, by borrowing on the security of the
Ulster undertaking, the sum of 50,000/. for the purpose of the
works of the extension line to Armagh ; and that the meet-
ing do authorise the borrowing on security by bond or mort-
gage, in such sums not less than 500/. each, for such periods
not exceeding seven years, and at such rate of interest,
Payable half-yearly, as the Directors might determine as
most to the advantage of the Company."
Mr. STREN moved as an amendment, " That instead of calls
on the Proprietors, as recommended by Directors, they are
hereby instructed to issue new quarter shares at, par, in the
proportion of one to each share now in existence."
Mr. Prrxrc KIRK, M.P., in seconding the amendment, said
it
wits
the practice of railway companies, both in Ireland and
in England, to issue new slires when about to engage in any
new undertaking-, in order to cover the necessary expenses.
After some observations from Mr. George Pim, lifr. George
Greer, and Mr. John Harrison, the. original resolution was
carried against the amendment.
A discussion ensued relative to certain other railway pro-
jects, which, if carried out, would, it was conceived,
trench
upon the interests of the Ulster line, and, it was resolved
the motion of Mr. COATES, seconded by Mr. WOP t N
on
KNI
Mr. Boyd being the only dissentient, "That the engineer.'-
oe the Ulster Compsny be directed forthwith to examine the
country between Newry, Moira, and I.isbuni, with a view
to the construction of a line of railway which will afford
the best possible accommodation to the public at large, and to
the towns of Newry, Banbridge, Loughbrickland, Dromore,
and Hillsborough, having due regard to the interests of this
Company."
On the motion of Mr JOHN SNIITH, J.P., seconded by Mr.
KIRK, M.P., it was resolved, " That inasmuch as the Newry,
Banbridge, and Belfast Junction Company have always
shown thegreatest desire to act in accordance with the wishes
of the Directors of the Ulster Company, and to co-operate
with them, the Directors of the 'Company be instructed to'
communicate with the Provisional Committee of the Newry
Banbridge, and Belfast Junction Company, and that they be
empowered to make such arrangements with that Company
as may appear desirable with a view to the protection. of the
interests of this Company ; and that, if the Directors think
it expedient, they be " further empowered to take any
other steps which may be necessary for the extension of
the Ulster Railway to Banbridge and Newry, and also to
such other points as will complete the communication with
Dublin."
Thanks to the Chairman and Directors closed the proceed
ings.

6REAT COUNTY Doww.—At a conference held on the
17th September, between a deputation from the promoters
of the Great County Down and the Directors of the Dublin
and Berast Junction Company, the following among other
terms, which have not yet been officially ratified, were
agreed upon :—That a direct line be made by the Dublin
and Belfast Junction Company, from a point north of Newry
through Banbridge to Beltast, the trustees on behalf of the
Great County Down Company holding a certain amount of
F harem in that undertaking, and being represented on the
direction in proportion to the capital invested. That the
Junction Company permit the Great County Down Company
to run in upon their line near Newry. That the two corn
anies mutually undertake to render each other any assist•
ante in their power in obtaining their respective Acts of Par
I i ament.

!OURSE OF EXCHAI
Amsterdam .. CF 12 9#
Ditto, at sight...... 12 7i
Rotterdaia ...... 2 ..U. 12 10
Antwerp 2G 10
Amburgh ...... 11.13 13 14i
ona
Paris, 3 days' si .
ht 25 75
Ditto, 3 months 26 0
Marseilles 26 5
Bourdeaux 26 10
M
Frankfort on aine 122
Petersburgh, 3 Us..
Berlin
Vienna, effee. {1.3 M lO 4
Trieste, ditto
Madrid 36
Cadiz
Nilbao
Barcelona

GE.__(yESTERDAY
30 65
Leghorn
Genes • ****** • '26 6
Milan .....
Venice ~.....».......
Naples .........•••••• 394
Palermo, 4er ox—.. ;20i
Lisbon 531
Oporto... •
Rio Janeiro
Bahia . .....
Buenos A
.
--
NewYoi ky ilyseight
Philadelphia
PRICK: ,1F MULILION FER 02
Foreign t;t0...1,bar5..E3 17 9
Portuga: q.ild Coin 3 17 5
New Doubloons..... o o 0
New Dollar ...s. ..... 0 4 9i
Silver •ts tkra..... 0 4 111

THE FORESTS.—The sport of deer-stalking has
been pursued with success for the last fortnight. Stags are
nl
migratory Man usual this season, few having been seen at
manyoroef
their favourite haunts. John _Ross, Esq., at Strathgarve, shot a pair
of stags right and left ; at the same place and time, A. 31ackenzie,
vaq. 'r., of Ord, got "a stag. Mr. Flood and Mr. Chearnly, at
Auchinault, secured four. At Redcastle, two red deer and two roe
were killed by sons of Colonel Bailie. Colonel Porter shot two stags
at Inclinacardock. Mr. White, of Monar has killed one; Glenmo-
riston one very heavy deer ; Lord Walsingliam, at Kinlochewe, one ;
Sir P. Mostyn and Lord Lovat have brought down several Ood
stags. A very heavy royal stag's bead was sent here the other day
from Erchlcss Castle to be preserved. The beam of the horns is of
tiIICOM/11011 thickness, with wide span, and three thick branches,
forming nearly the famous cups on the top of each. Another royal
head, nearly equal dimensions, arrived this morning from Corti-
luny. The antlers are Seely overspread 1141 th rough projection.—
Invirnew Ow*.