The Sun.
London, England, 1845-08-15 00:00:00

THE SUN, LONDON, FRiDAI EVE.NING, AUGUST 15, 1845.

tELATIVE CLOSING PRICES OF RAILWAY SHARES

IN THE

PRINCIPAL CITIES AND TOWNS IN ENGLAND, SCOTLAND, AND IRELAND.

NAMES OF RAILWAYS.

Aberdeen
Arbroath and Forfar .
Ditto Half Shares .
Armagh, Colr., & Portrush
Belfast and Ballymena
Belfast and County Down
liirknlid, Lan. & Ches, Jnc.
Eirmitigham and Glo'ster
Do. New ( iss. at 7% dis.)
Ditto Half Shares .
Birminghin & Oxfrd. June.
Blckburn, Chrly, & N. Un.
Blackburn, Darwn,& Boltn
Bolton, Wigan, & Liverpl.
Brighton, Lewes, and Hast.
Bristol and Exeter
Ditto New
Bristol and Gloucester .
Caledonian .
Ditto Extension
Cambridge and Lincoln
Chester and Birkenhead
Ditto New Shares
Ditto Half Shares .....
Chester and Holyhead
Cheltenham and Oxford
Chichester and Brighton
Churnet
Clydesdale Junction
Cork and Bandon
Cork aml Killarney
Cork and Waterford
Cork and Youghal
Coventry and Leicester
Cornwall . ..... .
_

Diss, Bcccles, and Yarmoth
Direct Northern
Direct Norwich . .....
Dublin and Belfast Junct.
Dublin, Belfast, & Colraine
Dublin and Galway
Dundalk and Enniskillen
Dundee and Arbroath
Ditto New......
Dundee and Perth
Eastern Counties
Do. New ...
Do. Perp., 5 pr Cnt., No. I
Do. ditto N 0.2
East Dereham & Norwich
Eastern Union
Ditto Extension
Edinbgh, Glas., and Dum
Edinburgh and Glasgow
Do. Quarter Shares
Do. New Quarter Shares
Edinb., Leith, and Granton
Ditto Pref. 5 per Cent.
Edinburgh and Northern
Edinburgh and Peebleshire
Edinburgh and Perth
Ely and Bedford
Enniskillen and Sligo
Exeter, Yeovil, & Dorchstr
Garnkirk and Glasgow
Glasgow and Ayr
Do. Quarter Shares
Glasgow and Greenock
Ditto New
Ditto Preference
Glasgow, Dmfries, and Car.
Goole and Doncaster.
Grand Junction.
Ditto Half Shares
Ditto Quarter Shares
Ditto New Quarters

Ditto ......
Grand Union
Great Grimsby & Sheffield
Gt Sothrn &Wstrnarelnd)

Ditto Extension
Great Munster ... •••
Great Northern of Scotlnd
Great Northern of Englnd
Do. New, Shares
Do. New, 30/. Shares
Great Western
Ditto Half Shares
Ditto Fifths
Guildfrd, Farehm, & Ports
larwieh
udrstld & Man. R. & Caul
Huddersfield and Sheffield
Hull and Gainsborough
Hull and Selby
Ditto Half Shares.
Ditto Quarter Shares
Inverness and Elgin ...

London. Liver-
pwi.

Aug.l4.

Kendal and W inaerrn ere
Kingstown and Bray
Killarney Junctions........
Lancaster and Carlisle
Leeds and Bradford
Leeds and Dewsbury
Leeds and Thirsk
Leeds and W. Riding June
Leicester and Birmingham
Leicester and Bedford
Limerick and Waterford
Limrck, Ennis,& Kul. June
Lincoln, York, and Leeds
Liverpool and Manchester
Ditto half Shares
Ditto Quarter Shares
Livrpl, Ormskirk, & Presto
London and Birmingham
Ditto Thirds
Ditto Quarters..
London and Blackwell
Lon. & Man.(Remingtou's)
London and Brighton
Do. Cnsolidated Eighths
London and Croydon.
Ditto New
Do. Guarantd. 5 per cent
London and Greenwich
Do. Prefrnc. or Privilege
London & South Western
Do. New Cone. Eighths
Do. New, 50/. Shares
Do. New, 401. Shares
London and York
London and Windsor
Londn, Salisbury, & Yeovil
Londonderry and Coleraine
Londonderry & Enniskillen
Lynn and Ely
Lynn and Dereham... ......
Manchester and Leeds'.....
Ditto Half Shares .

Ditto Quarter Shares ..

Ditto Sixteenths
Manchester & Birminghm
Ditto Quarter Shares
Do. New Quarter Shares
Manchestr, Bolton, & Bury
Manchstr, Bury, & Rosend
Manchstr, Buxtn, & Matlk
Midland
Ditto Fifths
Ditto New
Do. Cons. Birm. & Derby
Midland Gt Westrn (Irish)

Do. Extension to
Nwcastl & Darlingtu June
Do. New (Brandling)
Newcastle and Berwick
Newcastle and Carlisle
Newport and Abergavenny
Newry and Enniskillen
Newark and S'heffield
North British .....
Ditto Half Shares
Northern and Eastern
Do. Scrip (iss. at 5 dis.)
Do. Quarter Shares
North Kent
North Staffordshire
North Eastern
North Union (A)
Ditto (B)
North Wales Mineral
Ditto New Shares .

26%

19%
6% p
%P

2134
111/2

Aug.l4.
3%

2qpi

5314
36

North Western
North Wales
Norwich and Brandon
Ditto New
Not., tielvoir, and Grant hm
Nottingham and Boston
Nutt., Erewsh Val. & Man.
Nottingham and Mansfield
Oxford and Binning. Junc
Oxford and Worcester
Perth and Inverness
Portsmouth Direct
Preston and Wyre .
Ditto llalf Shares .
Do. Pref. 5 per Ct. Guar.
Do. Pref. 5 per Ct. & div.
R ichmud and W. End Junc.
Rugby, Worcester, &Tring
Scottish Central .......
Scottish Midland..
Sheffield and Manchester
Ditto Quarter Shares
Ditto ditto (No. 2)
Ditto ditto (No. 3)
Sheffield and Lincoln
Shrewsb.,Wor., and Crewe
Shrews.,Wolv.,Dudly,&Bir
Shrewsbry & Trnt Val. Un.
Shrewsb, llerefd, & N.Wals
Slamannan .
South Devon .
South Midland
South Eastern and Dover
Do. New (iss. 32/.) No. 1
1)o. ( iss. 33/.65.8d.)„ 2
Do (iss. 301.) „ 3
Staines and Richmond
Staffordshire & Shropshire
Stirling and Dunfermline..
South Wales
Trent Valley
Do. and Holyhead Junc.
West London, Old Shares .
West End & Southrn Coun
Wexford and Carlow
Warwick and Cheltenham
Waterford and Kilkenny
Watrfil,Wexfd,Wick&Dub
Wakfid, I'ontefrct, & Goole
Wakefield and Harrogate
Warwick and London
West Lancashire
Worcester and Tring
Whitehaven and Furness
Do. New Half Shares
Welsh Midland
West Cornwall
West Yorkshire.
Wilts, Somrst. & Weymth
Yarmouth and Norwich
Ditto New
York and Carlisle
York and North Midland
Ditto Half Shares.
Do. Scarborough Branch
Ditto Selby
Ditto Extension.

5%
Wit

10%

-
10%

2%

4143

2%

121;-.6d.

141%

26%

Man.
Bristol.
cheater.

lAug.l4.

425. 6d.
334

2414
11/2 p

3%
7%
44
94

30%

61/2 P
,75

[33
314

22k
311(?
8
7011

VA P

3%

35/s
40

25k
7
21,4

54
5

23!‘

4lh

7%

10%
251/2

193—s. 9d.

8
129/10
16 4
12h

15%
15

4%
214 pl

lAug.l4.

-
30%

63
10%

4%

675.
4%
3
314
SYB
46%

97
11%

3/ 4p

York.

lAug.l4.

27%

61/8

Leeds.

391,E
7%

lAug.l4.

26

23%

5%
19%
2%

3%

9s. p.
64

14%

2%

Bull.

130
16%
12%

2 15-161
3%

I Aug. 14.

26
16
141
425. p

21%

10%

8%

2 8/
32

2%
565. 6d.

3%

18 p
5%

23%

144

147% 6d

288. pl

5%

4/. 19g.

35/
/8

2294

24 I/2

418. p

2%

283/4

Rudders-
field.

lAug.l4.

10s.

'Sheffield.

lAug.l4.

3%

10%
3M

3%

0 IA

14%

107%

Glasgow.

Aug.l3,

5%

1 OM
575.

2/. 14s.
345.

891,./2

21c

-41. RI

235. 6d.

Dublin.

lAug.l3.

61/8

61%

7%

-
2/4

2%

.....
3%

12%

7 3-16

311

30s. p
1175.6d.p

60s. p

31. Ils

1573. 6d,

4% p

11%

421. 6s.

, -
14/1896

I/ ISs 6d

231 A

71h

5%

51. 18s,

355. 6d.

23/4

2
2'
14

RAILWAY INTELLIGENCE.

GREAT WESTERN RAILWAY COMPANY.
The half-3 early general meeting of the Proprietors Of
this company was held, pursuant to the Act of Parlia-
ment, at the Bristol Railway-station, yesterday, for the
general purposes of business.
Mr. C. Russell, MX., took the chair at one o'clock.
The attendance of Proprietors was very numerous, the
large room in which the meeting was held being com-
pletely filled.
The notice convening the meeting having been read
by Mr. Saunders, Secretary to the company,
The CHAIRMAN said, that at the last half-yearly
meeting of the Proprietors the Directors submitted to
them the various schemes they had in contemplation for the
protection of their own interests, and for affording more
extensive accommodation to the public, and it was most
satisfactory to the Directors that all those schemes had
been practically carried eut.—(Hear.) The Cornish
line was the only one in which they had taken any active
interest which had nut passed into law ; and that pro-
ject might rather be regarded as having been postponed
than as having been defeated. The Cornish line had
received the sanction of the house of Commons,
but was rfjected by the Lords, under circumstances
which justified the belief that the general scheme
met their approval, and that their assent was with-
held from it only in order that it might undergo
some modification and improvement. The South Wales
and the Monmouth and Hereford lines were considered
undertakings of such great national importance that the
Legislature departed from its usual course to sanction
them, though it was found necessary to postpone that
portion of the project relat ng to the passage of the Se-
vern. He (the Chairman) believed that the mode in
which Mr. Brunel proposed to pass that river would have
effected a substantial improvement in its navigation; but.
the Board of Admiralty thought otherwise, and it was

ierefore nveesiary to postpone the further consideration

of this portion of the plan. He hoped, however, that
before the next session of Parliament the Directors of
the Great Western Company, with the assistance of Mr.
Brunel, would be prepared to recommend some plan for
connecting the great western railways with the impor-
tant principality of Wales, which might meet the objec-
tions to the former proposition. The Oxford and Wol-
verhampton and the Oxford and Rugby lines had involved
the Great Western Company in a somewhat severe
contest with the Birmingham Railway Company; but he
wished it to be distinctly understood that the Great
Western Company had not been the first to adopt mea-
sures of hostility and aggression.—(Hear, hear.) The
success which had attended the lines of railway projected
by the Great Western Company was, in his opinion, and
as had been stated in the House of Commons, mainly
attributable to their adaptation to the wants of the districts
through which they passed. Ile could assure them it
would never be the policy or the purpose of the Great
Western Railway Company to strain the principle of
competition, either for their own undue aggrandisement,
or for the wanton injury of their neighbours.—(Hear,
hear.) The success which had attended the various
schemes they had submitted to Parliament had rendered
it necessary for the Directors to consider to what extent
and in what mode the capital of the Company should be
increased. The Directors, taking a prospective view of
their financial position for the four years from 1845 to
1848, found that they would require, during that period,
about 1,600,000/. for the new works in contemplation,
and about 600,000/. to pay the debentures and loan
notes which would fall due within that time. That
amount, 2.200,0001., was nearly equal to one-half of their
present share capital ; and the Directors had, there-
fore, thought it advisable to issue new shares, in the
ratio of one-half new share to the holders of each
whole old share. Ten per cent. only would be called
for immediately on the new shares, and the remainder
of the " calls,' he hoped, would not be required until
1847, and 1848, by which time many of the new works
would be completed, and the receipts of the Company
would be proportionably increased. The proprietors
must regard with satisfaction the steady progressive
increase which hail taken place in the receipts of the
Company, notwithstanding the reduction of their charges
upon passengers and merchandise. The projected line
of railway from Oxford to Worcester would necessarily
give rise to two other schemes—a railway from
Oxford to Cheltenham, a distance of about 20 miles,
and a line from Worcester to Port Dynllaen, which
would afford the most direct line of communication with
Ireland. The Directors had desired Mr. Brunel to survey
that part of the country, and he (the Chairman) was
convinced the proprietors would arm them with pow er to
render any aid and assistance to companies formed with
the object of carrying out those lines which they might
consider advisable. The hon, gentleman then called on
the secretary to read the report.
The SECRETARY then read the report as follows :
The Directors present on this occasion the usual accounts
of income and expenditure for the information of the Pro-
prietors, which they trust will be considered as satisfactory
evidence of the progressive prosperity of their affairs.
The line from Kemble to Gloucester was opened for public
use on the 12th May last ; and the revenue account, therefore,
comprehends the receipts over that portion of line during the
interval to the 30th June. The rent for the use of the Bristol
station by the Bristol and Gloucester Railway company from
the Bth July last, and for their use of the line between Stone-
house and Gloucester from the 12th of flay, are included in
the same account ; while the interest of money for the period
antecedent to the opening from Kemble to Gloucester is carried
to the credit of the Company, in diminution of that which has
been paid during the construction of the works.
The arbitration which was pending to determine the com-
pensation receivable for the conveyance of mails up to the 22d
of June, 1844, has been closed by an as which has brought
to the credit of revenue a further sum for that service. The
Postmaster-General has thought fit to require another (being
the third arbitration) in respect of the mail services performed
by this Company since that date.

E. s. d.
The total receipts to the 30th of June are 433,296 16 2
The expenditure for the same period

Leaving a balance of ........£274,929 12 10
During the last half-year two calls have been made upon
the Proprietors, which entitle them to a dividend upon an in-
creased capital of 408,0561. After defraying the interest on
money borrowed, and the rent of the Bristol and Exeter Rail-
way, the nett income will admit of a dividend of 41. per cent
being paid cn the whole capital called up—viz., on 4,060,656/.,
and the Directors recommend that such dividend be now de-

dared payable on the Ist of September next. The amount of
it will absorb 163,2261. 4s. 9d., and leave a balance el

,6961. ss. 7d. to be carried to the next account.

During the last half-year considerable reductions have been
made both in the fares of passengers and charges on merehan-
_
0/ dive, which, before an increased traffic can be attracted on the
line and developed, will naturally have had some influence in
diminishing the receipts of the Company. The Directors, how •
ever, feel with confidence that the result will eventually justify
the steps they have taken, and that the future revenue will be
improved by the lower rates of charge.
The Directors derive great satisfaction from being enabled to
record in this report the success of their several important ap-
plications to Parliament during the recent session. The royal
assent has been given to Bills for making the following lines,
viz.:--
-
The Berks and Hants Railway;

The Oxford and Rugby Railway;
The Monmouth and Hereford Railway ;
The Oxford, Worcester, and Wolverhampton Railway;
The Wilts, Somerset, and Weymouth Railway ;
The South Wales Railway.
It is intended at a general meeting, convened immediately
after the half-yearly meeting, to apply for the sanction of the
Proprietors to a purchase of the three first-mentioned rail-
ways, so as to form one complete amalgamation of them with
the Great Western Railway Company, in the same manner as
was heretofore arranged with the Oxford Railway. Steps
will then be forthwith taken for constructing those lines under
the exclusive management and control of this Board of
Directors.
The Wilts, Somerset, and Weymouth Railway, and the
Oxford, Worcester, and Wolverhampton Railway will be held
by this Company permanently under Lease—upon a guaranteed
rent with contingent advantages to their Shareholders, under
agreements which will hereafter be submitted for the formal
approval of a general meeting of this Company.
The South Wales Railway Company has been assisted by a
contribution only from this Company as Subscribers to their
capital under the resolution of the last half-yearly meeting, but
without any lease or engagement to work it.
In addition to these measures, all of vital importance to the

future welfare of this Company, the Directors may mention
that the Bill for securing the lease and possession of the West
London Railway to the Great Western and the London and
Birmingham Railway Companies jointly, in equal moieties, has
also been passed during the same Session.
The Directors consider that the time has at length arrived
when, upon a careful review of the engagements contracted by
this Company in the shape of loans for the completion, as well
of the Cheltenham and the Oxford Railways, as of the Great
Western, regard being also had to the prospective wants for
the new lines just sanctioned by Parliament, provision may be
advantageously made by the creation of additional Shares. It
seems obviously the interest of the Proprietors in any such
operation to keep steadily in view the maintenance at least of
the present rate of dividend on the subscribed capital, and the
Directors confidently entertain the opinion that, exercising
prudent caution in that respect, a new subscription may be now
raised to the amount of one-half of the present shares in this
Company. For such purposes they recommend that the
sum of 2,325,0001. be capitalised in 93,000 quarter shares
of 251. each ; and that the other be made rateably to each
Proprietor who may be registered upon the books on the
6th September next, of one halt the amount hold by him
in shares, viz.:—two quarter shares in respect of the 1001.
share—one quarter share in respect of the 501. share—two
quarter shares in respect of five 20/. shares.
The Directors should be empowered to arrange equitably
between any Proprietors holding less than five of the fifth shares
of 201. each, so as to distribute among them the fair value of
any fractional parts of the new share ; and in the event of re-
fusal, or neglect, to accept and pay upon the quarter shares,
within a prescribed time, authority should be given to dispose
of such shares for the benefit of the Company. They propose
that a deposit of 21. 10s. on each quarter share, should be made
payable on the Bth October, and that no further call should be
made for at least six months. The whole sum will probably
be required within four years, and the Directors will call for it
as may be found expedient. '1 he same dividend will be paid
front time to time, rateably with other shares, on the amount
of deposit or calls which may have been raid up, but not upon
the nominal amount of the new shares.
The re-purchase has been made of the moiety of the line
between Gloucester and Cheltenham, and the amount claimed
has been paid or invested under the provisions of the Acts of
Parliament relating thereto, within the time prescribed ; but
the Directors have not thought it desirable yet to complete the
line into Cheltenham, or to build the station there, in cense.
quenee of the new railway contemplated between that town and
the Oxford and Worcester Railway, at Shipton under Wych-
wood, which would probably render the intermediate outlay on
any buildings unprofitable, at all events until the future plans
can be more distinctly defined. The Directors have been
obliged to forego for the present all the advantages.of giving an
improved station, and accommodation for traffic, at Gloucester,
in consequence of a legal question having been raised as to the
right of this Company to the land bought for that express pur-
pose ; and in the meantime this Company are merely in pos-
session of the premises under a temporary arrangement with
the Birmingham and Gloucester Railway Company.
In the next session it will be necessary not only to promote
the Hoe referred to between Shipton under Wychwood and
Cheltenham, but also to connect the Munmouth and Hereford
Railway with the Swindon line at Gloucester. These two
measures are essential to comilete the chain of direct commu-
nication between the railways constructed by this Company and
the whole western districts of South Wales' Monmouthshire, and
Herefordshire, through Cheltenham and Gloucester.
Arrangements have been made with two local Companies to
apply to Parliament for Bills to carry out those lines, for which
purpose Air. Brunel has been appointed the engineer.

LONDON AND SOUTH ESSEX.

rt. "(111: -_•;1

It may be right here to mention that the Directors have
suggested the propriety of forming a branch railway to Witney
from the Oxford, Worcester, and Wolverhampton line, so as
to give to that town a direct communication with the Stafford-
shire coal districts, as well as with all the manufacturing and
shipping towns in the north of England.
An extension of that railway beyond Worcester, through
North Wales, to the coast of Carnarvonshire, as a means of
affording to Irelar:d the very best metropolitan communication,
is, however, by far the moat important of the subjects fur the
cons►deration of the Proprietors. The Directors recommend
that the sanction of the Company should be given at this meet-
ing to the promotion of that railway, tending so materially to
enhance the value of the Oxford, Worcester, and Wolver-
hampton line, as a means of drawing more distant traffic to the
Great Western, besides rendering the whole scheme a great
national undertaking, well deserving the warm support of both.
Houses of Parliament.

The Directors have not been unmindful of the pledge given
by them last year to the Board-of Trade, in respect of some line
of improved communication between the Wilts, Somerset, and
Weymouth Railway, and the cities of Bath and Bristol; and
they have instructed Mr. Brunel to make a careful inspection
and survey of the intermediate country, in order to report in
what manner they canmost advantageously carry out the pledge
so given, and fulfil the enactments in the Bill, as well for the
public advantage as for the interest of the two Companies.
Many applications have been made by projectors of new
lines throughout the country for the support and assistance of
the Great Western Railway, to which the Directors have
given their best attention. They think, however, that it is
not expedient to refer at this time more specifically to any
other intended railways, whether brought under their notiee
by other parties, or suggested by themselves. The Proprietors
may feel assured that the utmost caution and circumspection
will be observed in bringing forward and encouraging any new
scheme, and that due regard to public accommodation on the
one hand, and to the interests of this Company confided to
their charge on the other, shall determine their future course.
The usual financial acenunts are appended to this report.
C. RUSSELL, Chairman.

Mr. CAVE wished do know whether the Directors had
made such regulations as would enable the servants of
the Compary to attend their respective places of religious
worship on the Sabbath-day ?
The CHAIRMAN said the Directors were most desirous,
s far as it was possible to do so, to afford their servants
an opportunity of attending divine service en the L'ird's-
day. The departure of the trains was so arranged as to
encroach as little as possible upon the hours of divine
worship. lie feared no further arrangement could be
made on this subject, for railways had now engrossed
almost entirely the means of communication ; and, if
they were prohibited from carrying on their operations
on the Sunday, they would stop all communication on
that day between different parts of the country.—(Hear,
hear.) He begged to remind Mr. Cave that the Com-
pany was required, by Act of Parliament, to run the
mail trains and cheap trains on Sunday.
Mr. CAVE asked if the Directors of the Great Wes-
tern Railway Company would extend the principle it
seemed they had adopted to all lines under their
control ?

The CHAIRMAN said they certainly would do sn.
The Rev. Mr. NICHOLSON wished to know to what
extent the Great Western Railway Company was sub-
jected to the provisions of a recent Act of Parliament,
known as Mr. Gladstone's Act ?

169, to Ostend 98, to Dunkirk 77, to Calais 75, to Margate
42. The present distance to Hull from the Pool was 262, to
Rotterdam 214, to Antwerp 210, to Os'end 139, to
Dunkirk 118, and to Calais 111. The Crouch at low
water was deep enough for the navigation of the largest col-
liers, but it was said that an improved access at the mouth of
the river would be an advantage. The committee had,
however, been informed by pilots, and- at the Trinity Board,
that such an objection only arose from the want of a good
channel being buoyed off. The river being now used
only by ships of unimportant burden, no pains had been taken
respecting it. It was not intended to have docks; but,
as the shore was steep on this side, by continuing the lice
into 15 feet of water, by means of a pier, colliers might
tranship their coals into waggons adapted to the rails, and
wh!ch would also travel upon the ordinary road without un•
loading, which system had been also propose.' on
the London and York line ; such waggons could be taken off
the line at a point the most convenient. The Provisional Com •
mittee depended a great deal upon the traffic of coals from this
branch to the east of London, thus avoiding many of the pre-
sent heavy charges, and also the delays so constantly occasioned
to vessels on the Thames. As he had befire said. the line
crossed the river Lea and the Regent's canal, and at convenient
points ; coals might be supplied by these means to the parts
north of the line. With regard to Barking, there was a con-
siderable fishing trade carried on; there were a great many
populous villages down the line to that point, the inhabitants of
which would, to a great extent, take advantage of railway
communication. From the Crouch there were great facilities
for communication with many parts of the Continent, and that
river being by rail only 40 miles from London, an express train
might gain in an hour that point on the coast at present only
attainable by a very long and circuitous voyage. To Ostend
and other places there would be a considerable saving of time,
though the distance might not be shorter. He need hardly say
that the terminus being in Feneburch-street was a great advan-
tage to an agricultural district ; nothing could be more con.
venient than a station there.

Mr. JAMES GILES moved and Mr. KELWORTII seconded
the first resolution in favour of the line, which was put and
carried unanimously.
Mr. TYERMAN adverted to the great benefit to the agricul-
tural interest that must ensue, by affording a quick and cheap
conveyance of the agricultural produce, in wh'ch this county so
richly abounded. At Crouch there wou'd le a commodious
place for embarks•ion and debatkatien.
Atter some observations from Messrs. Rankin, Keyes,
Comfort, Taber, Lucas, Giles, Baker, and others, thanks were
given to the deputation for their attendance and explanations.

THE RICHMOND RAILWAY.—The royal assent hay-
ing been given to the Act empowering a Company to
make a railway from Richmond to the Falcon bridge,
Battersea, where it is intended,to join the South-Western
Railway, surveyors have fur several days past been ac-
tively engaged in marking out the line, and estimating
the value of the various properties through which this
line will pass. According to present arrargements, the
railway will be commenced in the Broadway, Richmond,
where a handsome terminus will be erected. It will
then run noarly parallel with the Richmond- road, as
far as East Sheen, leaving Kew a mile-and-a-half dis-
tant on the left. It will afterwards cross Barnes-
common, having a station as near to the high read
leading to Ilammersmith-bridge as convenient, and run•
ning alongside the Upper Richmond-road, will cross Put-
ney High-street by a cutting of from twelve to eighteen
feet in d-pth, over which a bridge will be thrown to
continue the old thoroughfare. This cutting will be
continued to North-fields, Wandsworth, where a viaduct
will be commenced and carried across the road leading
from Wandsworth to Putney, through a row of houses,
called Point Pleasant, across some marshy land to an
extem.ive osier bed. Here the excavation will have to
be carried eighteen feet deep before a foundation can
be obtained for the viaduct, and in consequence of the
gthtehiwsipHadret,liintew. il le
obnetitnhuei
nn)shte difficult
rotavkerinflgo%ovnin
undertaking
a double-arched bridge will cross the Wandle, after
which the works, meeting with little engineering diffi-
culty, will be rapidly continued to their termination at
Faleon-bridge, Battersea, where men are already at
work. There will be stations at Putney and Wands-
worth, and the whole line will be opened on the Ist of
May next.
MANCHESTER AND SOUTHAMPTON RAILWAY.—It is
intended to begin near the Southampton Docks, and
thence by Redbridge on Southampton Water, Romsey,
Stockbridge, Andover, Ludgershall, Marlborough, Swin-
don, Cricklade, and Cirencester, to Cheltenham, where
it is to join the Birmingham and Gloucester Railway.
The Effect will be to reduce the distance from South-
ampton and Birmingham sixty-four miles, to Manchester
and Liverpool seventy-seven, and to Chester eighty-
three, besides which it will save fifteen miles between
Swindon and Cheltenham, and eighteen between Ciren-
cester and Cheltenham. One of the most interesting
facts in connexion with Southampton, and one of the
most pregnant proofs of the vast benefits which
may accrue from railway accommodiation, is the
vast increase of the trade of Southampton ; for
whereas the exports of Southampton in 1832
were only of the declared value of 62,1631, in
1845 they will, exceed 3,000,0001., while the number of
passengers embarking and disembarking for foreign
ports.is 10,000 in each year. The connexion of this line
with the port of Southampton will of course create a
most valuable traffic, but there is also a considerable

Mr. SAUNDERS said the effect of Mr. Gladstone's Act
would undoubtedly be to render the Company, after a
lapse of twenty years, liable to a revision of their rates
and tolls, provided they were then in the receipt of more
than ten per cent. interest on their capital. That Act
also gave the Government the right of purchasing the
railway out and out, if their interest exceeded ten per
cent. But a revision of their charges could not be made
unless. the Government guaranteed them for ever after-
wards interest at the rate of tensper cent. upon their
capital.
Mr. L. HEYWORTH suggested that, although the pre-
sent station of the railway at raddington was very valu-
able, they ought to penetrate still further (if it were
possible to do so). into the centre of the metropolis, and
establish a terminus there. He thought Hungerford-
bridge a very likely situation, as it was probable that
point would be fixed upon for the termini of many other
railways.
The CHAIRMAN said, this question had already re-
ceived the attention of the Directors ; but, it was no
easy matter to obtain a passage through the metropolis
of Great Britain.—(Hear, hear.) He hoped, however,
that some plan might eventually be adopted which would
meet the views of the Hon. Proprietor.
Mr. L. HEVWORTH then moved the adoption of the
report, which, after a few words from Dr. GORE, was
agreed to.
Resolutions to the following effect, carrying out the
recommendations of the repo: t, were then put by the
CHAIRMAN, and agreed to unanimously :
" That a dividend of" 4 per cent. be declared for the
half-year ending the 30th of July last, and that such
dividend be made payable on the Ist of September next.
"That, in pursuance of the powers granted to the
Company by Act of Parliament, an additional capital of
2,325,000/. be raised by the creation of new shares of
251. each, to be offered rateahly to each proprietor regis •
tered on the books on the 6th of September next ' • and
that two of such shares be appropriated to each pro-
prietor for every 1001. stock he holds in the Company,
and so on in proportion.
"That a deposit of 2/. 10s. on each new share be
made payable on the Bth of Octobar next.
" That the Directors be empowered to take all neces-
sary measures for applying to Parliament, in the next
session, for Bills for the construction of certain railroads
in connexion with the Great Western Railway, to effect
arrangements with landholders, &c."
Mr. L. IIEYWORTII moved, that the cordial thanks of
the meeting be given to the Directors, for their able and
indefatigable exertions.
The resoletion was seconded, and carried amid loud
applause.
The CHAIRMAN briefly returned thanks on behalf of
the Directors, and then said that he had now to dis-
charge a most gratifying duty, at the unanimous re-
quest of his brother Directors. They considered they
could not more appropriately close the proceedings of
this, the most prosperous day they had yet experienced,
than by offering some testimonial of their gratitude
and respect to one to whom the prosperity of their
affairs was in a great measure attributable.—(Hear,
hear.) In February last the thanks of the proprietors
were voted to Mr. Saunders, their able St cretary, and
the Directors were requested to consider the pro-
priety of awarding to that gentleman some substantial
memorial of the high sense entertained by the Company
of his valuable services. That gentleman had rendered
services to the Company in almost every way—in their
negotiations with public bodies and private individuals,
in their recent discussions with officers of the Govern-
ment, in their financial affairs, and in connexion
with their Parliamentary and even legal proceedings,
besides discharging the important duties attaching
to his office as Secretary and superintendent of the line. It
was suggested, in the first instance, that, in order to
mark their high sense of Mr. Saunders's indefatigable
services, he should be presented with a certain number
of reserved shares ; but a technical difficulty prevented
the adoption of that suggestion. The Directors had,
however, determined to recommend an analogous mode
of proceeding ; viz., that Mr. Saunders should be pre-
sented with a number of the shares, the premium upon
which would amount to the value of those reserved
shares it had in the first instance been proposed to allot
to him. The Hon. Chairman then moved, that 300 of
the reserved one-fifth shares at par should be transferred
to Mr. Saunders, in testimony of the deep sense enter-
tained by the Company of his eminent services.
Mr. CROSTHWAITE seconded the proposition, which
was carried unanimously.
Mr. SAUNDERS returned thanks in appropriate terms,
and said that this gift was far more munificent than he
had merited by any services he had rendered to the Com-
pany.—(" No, no," and cheers.)
The proceedings of the half-yearly meeting then ter-
minated.

A special general meeting of the Proprietors was then
held, according to previous notice, for the purpose of
considering and determining whether authority shall be
given, and upon what terms and conditions, for this
Company to purchase, and hold the Berks and Hants
Railway, the Oxford and Rugby Railway, and the Mon-
mouth and Hereford Railway, or either of tilt in, and to
use, exercise, and enjoy all the rights, powers, and pri-
vileges conferred on the said companies, severally incor-
porated by Act of Parliament, for making the said rail-
ways ; and also to order and direct such steps to be taken
in reference thereto as may seem to the said special ge-
neral meeting to be right and expedient.
Mr. C. Russell, M.l'., took the chair, and put a reso-
lution, authorising the Directors of the Great Western
Railway to purchase and hold the above mentioned rail-
ways, upon such terms and conditions as might be agreed
upon by the said Directors and the Directors of those
Companies respectively.
The resolution was agreed to without any observation,
as was also a resolution authorising the Directors of the
Great Western Railway, in the event of the purchase of
any or all of the above lines, to act as directors of those
lines.

local traffic between the towns of Andover, Stockbridge,
Romsey, Redbridge, and other towns in West llatnp-
shire with Southampton, which is now the great port of
that district, and which with its increasing resources is
calculated to become the port for a great part of the
south of England. 'rhe great obstacle at present to ves-
sels unloading goods at Southampton is, that they car-
not obtain return cargoes ; but the present line will give
them access to those districts which will provide the re•
quisite supply, and so greatly extend the tr.tde of the
pot t.—Buitway Heald.
BRIGHTON, LEWES, AND HASTINGS (HASTINGS, RYE,
AND ASHFORD EXTENSION).—On Friday the Brighton and
Hastings Ashford Extension Bill received the royal assent.
The confirmation of the fact received here on Saturday oc-
casioned a most lively feeling of congratulation in the breasts of
every one connected with the trade and prosperity of the
borough. The joy of the inhabitants was expressed in every
outward form, the town band paraded the streets, the church
bells were rung, boys and men huzzaed, and the
tradesmen met and toasted " Success to the Rail-
way" at railway speed. By the passing of this Act of
extension the full hopes and wishes of the inhabitants are
consummated. A new era is about to dawn on us. By the
completion of this line, direct communication will be opened
with the whole of the pleasure towns of Kent. From the
progress of the works between this place and Brighton there
is little doubt that the line will be opened by March next
as far as Bopeep. The completion of the remainder of the
line to Ashford will rest with the South-Eastern Company,
the Bill with all it powers as obtained by the Brighton and
Hastings Company being handed over to them. The Act
expressly provides that the tunnels into the Priory and the
whole line shall be commenced simultaneously, that the line
shall be completed within three years after the passing of the
Act, and that if it is not completed in that time no interest
shall be payable on any part of the South-Eastern capital until
it is completed. This is an assurance of a speedy realisation of
our hopes. By it Rye harbour, which will be doubtless much
improved by the expenditure of 10,0004, will be made avail-
able to us ; and ultimately we may entertain hopes of seeing‘
permanent harbour here.—Brighton Guardian.
CHELTENHAM AND OEFIIRD.—The committee of this un-
dertaking met on Saturday, at Cheltenham, when Mr. Brunel
gave a detailed account of his survey of the line. Captain C.
B. I indsay was appointed Secretary. It was announced that
the deposits on the proposed capital (360,0001.) had been paid
to the amount of 30,0001., had been invested in Exchequer-
bills, and that the plans and sections were in a state of for-
wardness.
CHELMSFORD AND BURY.—This Company have deter-
mined to extend their line to Thetford, so as to give the nearest
and most direct communication between London and Nor-
wich, without diverting the traffic from its old course.
CALEDONIAN.—Last week, on the commencement of the
works, orders were given by Mr. Wilson, superintendent of
the work, for the erection of a number of comfortable houses
at Evanhead, for the accommodation of the workmen employed
on the line, which are nearly finished.
NORTH SOSSERSET.—A contemplated line of railroad,
designated " Ploughman's line," is occupying a good deal
of public attention in North Somerset. It is proposed to
make a line intersecting the country nearly midway from
north to south, forming a junction with the Great Western
at a convenient point between the cities of Bath anti Bristol
(say at Keynsham), and another with the Bristol and Exeter
at Yeovil, penetrating Mendip at or near Marsbury Dip,
and traversing centrally the Mendip coal fields. The ad-
vantages of this, over any other of the contemplated lines
are, that whilst it will afford a sufficiently easy route to the
metropolis, it will open a direct way to the manufacturing dis-
tricts, and the northern parts of the kingdom and South Wales;
and all will furnish a cheap channel of transport for the bulky
reasuresof the Mendip mines southward, to an unlimited ex-

On the motion of Mr. CROSTRWAITE, a vote of thanks
was given to the Chairman, who briefly acknowledged
the compliment, and the meeting then separated.

A meeting of the inhabitants has just been held at Itochford,
to take into consideration the merits of this line, which pro-
poses to supply South Essex with railway facilities, and to open
a communication between London and the coast by a line from
the Stepney station of the Blackwall Railway, to the port of
Burnham, on the river Crouch, with branches to Grays, Til-
bury, Southend, Barking, Itochford, Ockenden, and the agri-
cultural towns in the district. Mr. A. Holt White took the
chair.

Mr. Tite, the architect, in the absence of Mr. Locke, the
engineer of the line, and Mr. Tyerman, the solicitor to the
Company, accompanied by Mr. Flower, architect, of Southend,
attended for the purpose of explaining the project.
Mr. TITE opened the proceedings by stating that an Act had
been passed for extending a branch of the Blackwall Railway to
the Eastern Counties line at Stratford, and about a quarter of
mile from the Stepney station it was proposed that
this South Essex line should branch off. It would then
cross the Regent's Canal, and about a mile and a half
further the river Lea ; it would then pass through West Ham and Plaistow, close to the town of Barking;
then keeping midway between the high road and the river,
as near a they could eastward, clove to Dagenham a
branch was thrown off to Tilbury Fort. The line
Northnnard then
continued midway between the two villages t
Lc
d
South Ockendon, near the estates of ..-2! ,
confidently hoped to re-
ckenio,%ev.n as
I Itleltlir,tiesn,
weohnosteinsuuePdP°brtettwh'eeyen Brentw.ood and the
Thames, and touched upon the high road a point near
Wickford, passing north of Rayleigh, to a point near Hockley
Spa, and continued in a straight course by Canewdon
to the Crouch ; a branch turning south on the other side
of Plumberow Mount, would pass Rocliford a little
on the east, and continue in that direction to Southend.
The gradients were extremely favourable, there were no
tunnels, no formidable cuttings,
Rochford would be 37
miles from Fenchurch-street, and Southend 40 miles. The
lino would form a new and a shorter route than at present
to the continent;
vessels might conveniently stop and unload
at Crouch, and. then send their cargoes by -rail to Black Nall,
instead of having to go up the Thames and encounter the na-
vigation of the Pool. The distance by this line, from the coast
to Hull, would be 200 miles, to Rotterdam 173, to Antwerp

tent. Hampshire paper.
WELSH MlDLAND.—Surveys are now being made be-
tween Leominster and Kidderminster, and between Kid-
derminster and Birmingham, with the view of effecting a
direct communication between the mineral districts of South
Wales and the manufacturing town of the midland and
northern counties, that portion of the line between Leominster
and Kidderminster being already determined on, and it being
the intention of the Welsh Midland to carry out the continua-
tion from Kidderminster to Birmingham in case no similar line
shall be projected by some other company acting in co-opera-
tion with them.
Mr. Charles Lawrence has been elected chairman of the
Grand Junction in the place of Mr. Moss, and Mr. Robertson
Gladstone deputy chairman.
The Manchester and Birmingham have it in contemplation
to construct a branch from their main line at Knutsford to
the salt mines of Cheshire, affording accommodation to Stock-
port and Ashton, and supplying coal from the coal-field of
Po)nton.
A new station is about to be erected on the Eastern Counties
line, at Hatfield Pcverel, near Witham.
The Directors of the Grand Junction have determined. on
e
making a further reduction in their fares. The fares will b
for travelling by select or express trains twopence fa
twopencemi le;
rrh
per
be five farthings per mile ; and the third class will fareer
m i
tfore ; first-classthe
charge
for passengers i s t
second-classo
passengersb be
l rel u cg•e
remaindP
willteaort
one penny per mile.
SOUTII.WESTERN.-1 te
SALISBURY BRANCH Or THE
early
son is cart-
formation of the branch line to Salisbury, from the Se oth.
Western Railway, is proceedingt
expedition.
Itthv whole
as ex
dently anticipated it will be
from
asnat the
shliiinree
the Greaty W May
next.
The
the branch estern line, sin
opstoke.
preparations for .
that a strong effort will be made to get this
extent of the line with the uetnmedos
itilnie, ootil:nresdidteoof
Btiaiethciatys., aeraeoyalso in very active progress
The liberal wages offered to induce men to labour on the works
paper. tli
'l'
is likely to prove inconvenient to some of the agriculturists in
and it is said
the vicinity during the harvest.—
WiseEcii.—A meeting was held at Wisbech on Friday,
to determine upon the most advantageous measures to be taken
for securing railway communication between Wisbeeh and
the metropolis and the manufacturing districts. The-
meeting was very lolly attended. The Mayor stated the object
of the meeting. Several speakers followed, and in the end a
Committee was appointed to carry out the views of the re-
quisit ionits.

LYNN AND ELY.—This Company propose to extend their
hoe from Wisbech to Spalding, in Lincolnshire, with the view
of affording to the port of Great Yarmouth, the city of Nor-
wich, and the ports of Lynn and Wisbech, a direet line of com-
munication with the Northern and Midland districts.
That portion of the Whitehaven Junction Railway, extending
from Maryport across the Derwent to Workington, is expected
to be opened for the conveyance of goods and passengers before
the close of the present year.— Cumberland Parquet.
CANTERBURY AND DOVER RAILWAY.—The Directors of
this Company have determined on extending their line to Herne
Bay. The necessary surveys and estimates are nearly completed..
RAILWAY STATION AT LEWES.—The Friars at Lewes,,
which has been from time immemorial the resort of the judges
while on Circuit, has been purchased with
vir.w to transform
it into the station for the Brighton, Lewes# B:nd Hastings line.

I

IL; h!o . • ••••• • . • •
Alliance Brit. and For.

1):tto Illarirtio.• • •

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Brit.stt I.,ulnrriereial

Crown .. •

u,241,

Econ elute Life

Yang. d,;, c;.....A.Law
If.aropean. Lire• • • • • • • •
Freemasons' ..• • • • • • • •
.11ob 3 • • • • • • • • • . " • • •
Gnardian • • • • • • • • • • • •

..traper
I:mperial Life
I:Aden-linty Marine
Law Lire • •
L Ual (lent:
Lo. -idol' Fire • •
Lon. inn Ship • •
Mari. IL, = • • •• • • •• • • .
Ided. 1 Aid& Uen. Lite
:Nation. I Lunn t'unci• •
:National Lire.... ••. • •
Vali.tchuin Life. .....

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1-"twentx. • .. . ..
Protector Life.• • • - •
Pros-ident Life.......,
_Rock Lite•- • • • • •• • • •
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U.,:v.•r-n:

7.:ZWZ 01' 13"jf.;11.1'.

I-:aute of Company.

61. per cent.
sit, Ili. of Scotland
lio, ,s 1 '..aalc. of Scotland 64 per,r cent.c
'Net sh LlitcliCompsny
c, w.,,,,0rri5l Bank •• • • 61. per cent.
Na ..101.11 Bank 6l. per cent:
~ .; "I.l.iik of :;cotland 7y. pr cent.
Wente. n.lif•ani 6l. per cent.
rci,:ot.and Bank 61. per cent.
Forth o.
col„sda it Bank •• •• • • 6/. per cent.
Eas,ern L•tnk •••• • • • • 31. per cent.
sank ••• •• 61. per cent.
Caledonian
oi v.ss, Bank 5/. per cent.
& Fallith. .as, . Bank . Si. per cent.
City of-Glasgo W.
jr, s.Co. 51. per cent.
Scottish WIWI,
1,,x. Co. 7/. per cent.
Hercules Insura.
Insar. co, ot soo tin. ri• • Si. per cent.
North Brii.ish Ins r. ' • 91. per cent.
Caledonian Fire in Etta ". 1101. per cent
s,l::iburgh Ule Ins. `XI, 1 61. Per cent.
.':(1:n. S.-- ula sg. ItsiltvL NY i .51. Per c.2-ri'•
1),, to, i.,:' tchares• • • . . . 5/.1.,..,:r cent.
•:t..,:., Le.tn. Si, Griuitn i
p, I
c:),,, &.:ty-rhir Rail. 3l. percent.
fda.ele&4lreet,,,': Rail. IL firer cent.
4.,11:4,: w tic Gam 1. ir.i),:%11- /51' Oet cent'
Vti,l•le, Sc. Ari,,,,Lli I:A.1. 5.`,' 04. r "ht.
,cts 'Air! Life Assurn 0.1 St. per cent

Dividend j Amount 1
per I of Paid. Price.
Annum. Share.
-
X e. d. X a. d.
.. 31. 105. ,00 0 0 50 0 0 73
r. .1 per cent. 100 0 0 11 0 0 20
.. .1. per cent, 100 0 0 5 0 0 6%
~ 13:. 6d. pr sh. 50 0 0 5 0 0 17
... 75. per share 50 0 0 5 0 0 7
fe ,/. per cent. 100 0 0 210 1 63
.. 3/. 100 0 0 10 0 0
c 9s. and 1
' • / 6/. ss. bs. 40 0 0 5 0 0 10
• • 6s. 50 0 0 5 0 0 53i
I ,I.,,,zrzbts.: I 1000 0 0 250 0 0
,•• 5/.l'er cent. 50 0 0 2 0 0 3
• • 53( per cent. 20 0, 0 All paid. 20
• • 51. per ceot. 20 0 0 3 0 0
• • GI. per cent.. Stock. - 140
• • 5/. per cent. 100 0 0 36 10 0 50%
• • 121. per cent. 500 0 0 50 0 0 235
12s. 100 0 0 10 0 0 Icsii
- 11. sh. 84 be. 100 0 0 513 1 28%
~ j/. 53. 100 0 0 10 0 0 45%
re - 50 0 o 20 0 653
• . 10s. 25 00i12 10 0 16
. 10s. !25 0 0 12 10 0 16
• 5/. pA•r cent. 100 0 0, th 0 0 10;',i
to - .0 0 0 20 0 3
• 51. per cent. 20 0 0 210 0 2%
• Si. per cent. 100 0 0 50 0 9%
• 51. per cent. 50 0 0 2 0 0 212.102 s
• 3/. p. ct. 8:. bs. - -
• Si. per cent. 20 0 0 1 0 0 11. 2s.
• 11. ss. 100 0 0 10 0 0 24
4a. 50 "0 010 0 .4.X
1▪
V. per cent Stock. - 188
• 6j. 103. - -
1/. if; - -
3034 i. pr - n.i, leo 0 615 0 18
1.1'3311 co.,4l.loANzEsi PRICES.
-- --- -
Dividend Am,:lo.2at ,
per of I Paid. ' Price
Annum. Share.
_
- -. ,-
X .
.• 61.• per cent. s. d
100 0 0 1178
S 1 61. per cent. - 100 00 1 170%
ky• ki' per cent. - 100 0 0 , 228
• • 61. per cent. - 100 0 0 ' 172
•• I 61. percent. - 10 00 ; 16%
vi 71•%1. pr cent. - 50 0 0 99
.. 6/. per cent. - 50 0 0 85%
tic 61. per cent. - 5 0 0 7%
.. 6/. per cent. - 10 0 0 15
• • 31. per cent. - 10 0 0 1/1
.• 61. per cent. - 210 0 4%
tk 5/. per cent. - b 0 0 7%
•. ; 5/. per cent. - el 5 0 155 i
3. 1 51. per cent. 20 0 0 10 0 I%
D. ' 71. per cent. 100 0 0 10 0 0 14%
• 5/. per cent 10 0 0 All paid. 9%
• 91. per cent. 200 0 0 10 0 0 28ii
". OW. per cent. 100 0 01 10 0 0 2-0•2
1 61. per cent. 100 0 0 lO 0 0, 19%
... 7 -..r. ,r, 50 0 0 1 .s'? 0 0 : 84..

''' "
I' r 1• 2
12 10 0 .4 .4. 4.,.., . I 14
20 0 0 20 0 0 24
50 0 0 . .111 1404. ; 69
25 0 0 .111 paid. I 21
26 0 0 All paikl. 41
25 0 0 All paid. I .ii 4
50 0012 10 0 8