The Sun.
London, England, 1845-10-21 00:00:00

THE SUN, LONDON TUESDAY MORNING, OCTOBER 21, 1845

with the other vessels, which must give her a great advantage
when firing her guns.
"The Pantaloon, as compared with the Waterwith, her
more immediate competitor, from the similarity of their size,
must be considered as inferior, excepting on the one point of
running before the wind in light or moderate weather, on
which point she had, as will be seen by the tables, an advan-
tage over most of the squadron.—l have, &c.,
" ARMAR L. CORRY, Captain."

RELATIVE CLOSING PRICES OF

RAILWAY SHARES

IN TIM
MINCIPAL CITIES ANP TOWNS IN ENGLAND

SCOTLAND, ASD IRELAN:

NAMES or RAILWAYS.

2314
9%p
1 p
-1,

Oct.
17.
634

- I
101561

163-59,1!

167a6d1

I%p.—Exeter, Topsham. and F,Amouth (Daw's line), 1,4 p.
—Ditto ( Head's), 1 p.—Central Cornwall and Devon, 1/ p.
—Taw Vale Extension, % p.—Dartmouth, Torbay, and
Exeter Junction, % p.—Eastern Counties, 24%.

sented to their request, believing that his co-Directors would'
make up any deficiencies on his part. The London and Bir-
mingham Directors took the same view that he (Mr. West-
head) did, namely, that it would not be right in him to retire
from office before consummating the arrangements between
this Company and the London and Birmingham Company. He
then moved a resolution to the effect that it was advisable, in-
stead of continuing the present mortgage debts of the Company,
to raise the further sum of 700,000/. by way of augmenting
the capital stock, for the purpose of paying off the debts, by
the issue of 70,000 quarter shares, of 101. each share, to be
allotted amongst the registered proprietors who should think
tit to accept the same, in the following proportions—namely,
one such share for every 30/. share ; no proprietor to be en-
titled to a share for any fractional part of 801. shares that he
might hold. It was also determinetl to make a call of 11.
upon each of the new quarter share 3, payable on the shares
registered up to the sth November next; and that the re-
maining calls be paid in such way as the Directors shall here-
after determine, but that the parties be not entitled to either
dividend or interest upon the deposits or calls until the Ist of
July, 1848. The first call to be payable on the 10th December
next.

It was suggested that the 10th November would he more
suitable, as all the transfers could not be effected by the sth.
The CHAIRMAN said that the Board had originally fixed
the Ist November as the day, but there would be no objection
to increase the time for making the transfers.
A SHAREHOLDER wished to know whether the parties who
held quarter shares in the different classes of stock were to
be at liberty to add them together for the purpose of claiming
the privilege of participating in the new issue?
The CHAIRMAN—Yes, certainly.—(Cheers.)
Mr. RAwami seconded the Chairman's motion.
Mr. THOMASON inquired the probable time when further
calls upon the new issue would take place.
The CHAIRMAN said there would he no occasion until
after July, 1848. The intention was, when that time should
arrive, to pay off the loans which were now in existence, and
some of which would continue for a period of two or three
years afterwards. With respect to others which would fall
due before that time, arrangements would be made to con-
tinue them for some time longer. It was proposed, with re-
gard to the calls upon these shares, to pay a dividend upon
them, deducting five per cent. interest, as had been done by
the London and Birmingham Company.
The motion was then put and carried unanimously.

ASIIAR-FlO. to know whether any steps bad
been taken to survey the line between Macclesfield and Lich-
field.
The CHAIRMAN said they had been some time in commu-
nication with parties who had taken an interest in the pro-
ject for a communication between Macclesfield and Lichfield
by means of a railway. The negotiations had been protracted,
and they had not been able to carry them out in the way
they thought desirable; but he believed that a perfect un-
derstanding existed between this Company and those parties
who were interested in the Macclesfield and Lichfield Railway.
Mr. Joint WuirrauEn, asked whether the London and
Birmingham deputation, which met the deputation of this
Company upon the subject of the proposed amalgamation,
were perfectly agreed as to the terms upon which the amal-
gamation was to take place ?
Mr. THOMASON said he had received a letter from Mr.
Glyn, the Chairman of the London and Birmingham board,
in which he stated that there was not a dissentient amongst
them.—(Cheers.)
Mr. WurrrauEu said that there was a report current in
the town, to the effect that an amalgamation had taken place
between the Grand Junction and the London and Birming-
ham Companies. He wished to know whether the report
was true ?—(Cheers.)
The CHAIRMAN said that he had heard the statement, but
he had not heard it officially., he had not had it in writing
from any party connected with the London and Birmingham,
or the Grand Junction ' • but he firmly believed that the fact
was so.—(Cheers.) An arrangement of a satisfactory cha-
racter had been come to between the London and Birming-
ham and the Grand Junction Companies.—(Cheers.) He
had been told also that the Manchester and Leeds Company
and the Hudsonian interest were at peace.—(Cheers.)
A SHAREHOLDER asked when the future calls would be
made?

The CHAIRMAN said that they would be postponed so far
as they prudently could be.
The Chairman then left the chair, and thanks having been
voted to him, the proceedings terminated.

essentially the great western port in the British Channel, and
by the completion of the South Devo❑ line will, in the course
of a few Months, be brought within six hours' distance of the
metropolis. The distance of the port from Birmingham is
somewhat less than from London; and by means of the pre-
sent proposed railways there will be an immediate connexion
with the whole of north and central Devon, and the ports in
the Bristol Channel. Millbay, a part cf which is proposed to
be used for this purpose, incloses an arca of upwards of 80
Acres, half of which is excellent anchorage in from one to ten
fathoms' war, r, at the lowest state of the tide. The basin is
to be upwards of 20 acres in extent, and the Millbay branch
of the South Devon is to extend along its sides.