The Sun.
London, England, 1845-10-16 00:00:00

On the motion of the Right Hon Lord DuziALLY ; seconded by

O'NEui QUIN,Esq.

Resolved,—Fifth, That the best thanks of this meeting are due and
are hereby-given to the Hon. _Colonel Daw.qm Darner, M.P., Pierce
S. Butler, M.t'., Captain Fairtield, D.L., the deputation from the
Great Munster Railway Company, and also to Dudly Byrne, Esq.,
Secretary, the Messrs. Leahy, Engineers, and P. Ryan, Esq.; Solici-
tor, for attending on this occasion, and for the able and enlightened
statements they have made in reference to the contemplated project
with which they arc connected.

(Signed)

DUNALLY, Chairman.
W. D. PATTISON, Hon. Secretary.

NEWCASTLE AND LONDON COAL
RAILWAY.

(Provisionally Registered).
Capital, 5,000,0001, in 200,000 shares of 251. each.
Deposit, 21. 12s. 6d. per share.
COMMITTEE Of MANAGEMENT.
Henry Bainbridge, Esq., Grosvenor.square, and Stryaul's Church
yard
ROM Merttins gird, Esq. H.E.I.C. Civil Service, Taplow-hill
George Beauchamp Cole, Esq. Chester-street, Belgrave-square
Captain Mark Currie, R. N., U.S. Club, and Laleham, Middlesex
Wynn Ellis, Esq. M.P. Cadogan.place
John Kinneraley Hooper, Esq. Alderman, Queenhithe
Sir William Magnay, Bart. Alderman, Upper Thames-street
The Hon. E. Plunkett, Pall.rnall
Richard Harris Purcell, Esq. Cambridge-street, Hyde.park
Sir George Rich, Lowndes.street, Belgrave- square
Andrew Spottiswoode, Esq. Carlton-house.terrace
Henry Birchfield Swabey, Esq. Great Cumberland-place
Frederick Taylor, Esq. Worcester-park, Ewell
Nicholas Temperley, Esq. Brixton
Daniel Watney, Esq. Wandsworth
BANKERS.
Messrs. Puget, Bainbridges, and Co., St. Paul's Church-yard
SOLICITORS.
Messrs.Sutton,Ewens,Ommanney, and Prudence, 6,l3asinghall-strect
CONSULTING .ENGINEER— William Gravatt, Esq., F.R.S.
ENGINEER—H. H, Bird, Esq., 5, Robert-street, Adelphi.
SECRETARY—Edward Blanshard Stamp, Esq.
Offices, 50 a, King William-street- London.bridge.

The establishment of the above railway will effect two great
and important objects :—first, the supply of the metropolis and its
vicinity with coal fully twenty per cent. cheaper than by the pre-
sent mode of transit: secondly, by the exclusion of passenger
traffic to diminish the tisk of accidents. The Board of Trade, in
reference to the latter, have in their report upon the subject, laid
great stress on the importance of separating the passenger from
goods trains ; and the Select Committee on the Coal Trade
recommend that every means of promoting a new supply
of coal should be encouraged. The existing lines from the
north being already crowded to excess with trains of every class,
travelling at velocities varying from fifteen to fifty miles per hour,
and new railways being almost daily projected as feeders to the
great trunk lines, the already prodigious traffic on those lines must
be still further augmented; so that it may be truly assumed,
that the addition thereto of several millions of tons of coals
and goods is out of the question. It, therefore, becomes
manifestly necessary; with a view to public convenience,
and to supply the metropolis and the intermediate districts
with coals from the coal fields in the north (from which at present
the greater proportion is supplied) that an independent railway,
devoted exclusively to the conveyance of coals and goods at a
moderate and regular speed, should be constructed from Newcastle
to London. It is, therefore, intended to confine this railway to
carriage of coals and goods only ; and it is ascertained that the
conveyance by railway of large quantities, for long distances, at a
moderate speed, and at comparatively low rates, will be as profitable
as the carriage of passengers at a greater velocity, The actual ex-
perience of the London and Birmingham Railway affords a safe
ground for calculation; the expenses on that line for the year 1844
being 1,472/. p K mile; at the same rate per mile, 2,000,000 tons of
coal annually may be is rought the entire distance from Newcastle;
this quantity is about one-half of the present importation from
London, making on the average from 13,000 to 14,000 tons
daily.
The extreme fluctuations to which the price of coal is subject
from irregularity in the supply, dependent as it is on the uncer-
tainty of the winds and weather, has hitherto operated against the
estabishment of manufactories on the banks of the Thames. From
the same cause, also, London has, at times narrowly escaped total
darkness, the gas works not being able to obtain their regular
supply of coals. In the course of the last five years the prices of
household coal, on the Coal Exchange, have fluctuated between
14s. 6d. to 275. per ton, and last winter the price rose even to 355.
per ton ; the high prices always occurring at a season when the
scarcity, and consequently increased price of coal, is most distress-
ing to the poor.
The removal of the colliers from the Pool is an important con-
sideration, as it will necessarily render the navigation of the
Thames safer for all other vessels: and it is no valid objection
to this ut:dertaking, that it will supersede, in a great measure
the employwent of collier ships, because it is now ascertained, be-
yond all doubt, that coals can be brought to London by railway at
20 per cent leis than those seaborne ; and, therefore, London will
be supplied from Yorkshire, Staffordshire, Derbyshire, and South
Wales, unless the present project, or one offering equal advantages
to the northern coal. owners, in their certain and fast approaching
competition with the Infant collieries, be carried into effect.
In addition to the through traffic, accommodation will be afforded
to the intermediate distric:s for the conveyance of coals and goods,
which Will materially increase the revenue of the Company.
The estimated cost of the 11,2 e is 5,000,0001, and the traffic, In
coals alone, will give a net return of 10 per cent.
It is proposed to raise the require,: capital in 200,000 shares
25i. each ; deposit 21. 12s. 6d. per shat; e, the subsequent calls to b e
of
made in the usual way.
the Act, limiting the
of their respective
liability of the shareholders to the amount
The customary clauses will be inserted in
shares, r nnuwill be allowed
Interest, at the rate of 4 perActand cent. Pe
on all calls between the atthrt
Opening
of tha
passing
railway,
Prospectuses, with fuller information and in detail, together
with Forms of Application, may be obtained on applying to the
Solicitors of the Company, Messrs. Sutton, Ewens, Ommanney, and
Irudence, 6, Basinghall.street ; or to the Secretary, at the Com
pony's Offices, 50a, King William-street ; to Messrs. B. and M.
Boyd, New Bank-buildings, and Messrs. Wells, Westrop, and
Prinsep, 75, Old Broad-street, London; and Mr. Edward Reid
Messrs. Drewry and Richardson, and Mr. W.lAana Fordyce, New-
cast le.cn-Tyne.

NEWCASTLE AND LONDON COAL
RAILWAY.

The Committee of Management, with the view of enabling re-
sponsible parties (desirous to participate in the allotment) tosecure
at least some shares in this great undertaking, will permit the pay-
ment of a preliminary deposit of l Os. 6d. per share previous to ap-
plication being made ; and will guarantee that the parties so paying
shall have shares allotted them, to at least the number upon which
the sum paid by them as a preliminary deposit shall cover the full
deposit of 2/. 12s. 6d. They, however, reserve to themselves the
right of limiting this privilege to the extent of 100 shares, if a
larger number should be applied for, or even of refusing it, in cases
where they may find on inquiry that the applicant is not in their
judgment eligible to be a shareholder; in such cases the deposit
will be immediately returned ; nor will this privilege be extended
beyond the deposition of 100,000 shares, after which the bankers
of the Company will receive instructions to refuse further prelimi •
nary deposits.
The preliminary deposits must be paid to the bankers of the
Company, who will furnish a receipt for the same. The Com-
mittee caution the public not to negotiate such receipts, as their
undertaking to supply the shares holds good only so far as the
applicants, upon their references being examined into, prove re-
' spectable and responsible. They particularly request that each
applicant for shares who avails himself of this privilege will state,
in his application, the amount of the deposit he has paid, and the
number of the bankers' receipt.

FORM OF APPLICATION.
To the Committee of Management of the Newcastle and Lor.don
Coal Company.
Gentlemen,—I request you will allot to me shares
25/. each in your Coml any, and I undertake to accept the same,
or any less number that may be allotted me, and to pay the deposit
hereon; and I undertAe also to execute the Subscribers' Agree.
went, or any other documents that nidy, be necessary, when re.
quircd. I am, Gentlemen,
Date ••.•
Christian and Surname
Profession or Calling
Place of Residence
- - Reference
Usual Signature

P.S.—I beg to state that I have paid into the Com-
pany's bankers, the sum of as a preliminary deposit, and
that the number of the receipt for the same is

NEWCASTLE AND LONDON
RAILWAY.
Tne Committee of Management have the satisfaction to state
that, owing to the measures that have been taken, the surveys, &e.
are in a very forward state, and that the necessary documents will
be deposited, in accordance with the standing orders of Parliament,
and avlication made for the Bill in the approaching session.
Offices, 59, 104 Wllliara,street, City.

COAL