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

of line radiating from Manchester to the manufac-
turing districts of Bury, Rossendale, Heywood, and Old-
barn, are to be commenced, at a disbursement of one million
of capital. The Nottingham and Lincoln, 33. mile
the Mid-
s, and
Sy stop and Peterborough, 47, are to be begun in
land districts, who open their constructtve exchequer of one
million and a half. Upwards of 150 miles of line by the
Oxford and Rugby, and Oxford and Worcester and Wol-
verhampton lines, are to be hewn out by the Great Western
Railway, who have already commenced the future high-
way to the districts of iron and hardware, and to
a uniting point with the Grand Junction at Wol-
verhampton, the total cost being calculated at two millions.
The Great Western have been more successful than any other
Company in their Parliamentary diplomacy last session.
They obtained no fewer than eight lines, the construction of
which will soon be commenced ; namely, the Bristol and Exe-
ter branches, twenty-nine miles, capital 500,000/. ; the Mon-
mouth and Hereford, thirty-six miles, capital, 550,000/. ; the
Newport and Pontypool, thirteen miles, capital,ll9,ooo/. ; the
Oxford and Rugby, fifty miles, capital 600,000/. ; the Oxford,
Worcester, and Wolverhampton, 103 miles, capital 1,500,000/. ;
the South Wales, 182 miles, capital 2,800,000/. ; the Berks
and Hants, thirty-nine miles, capital 400,000/. ; and the
Wilts, Somerset, and Weymouth line, 129 miles, capital
1,500,000/. This gives a total length of new lines to the
Great Western to construct, of nearly 500 miles, and a total
capital of between 7,000,000/. and 8,000,000/. If to this be
added the present length the Great Western has in
actual working, namely 220 miles, including Bristol and
Exeter, and Cheltenham and Oxford branches, which
with the main line have cost 7,717,043/, it appears that,
with the amount of capital to be raised for the construction
of the schemes sanctioned last session, the Great Western
will have more than doubled both its capital and length, the
former, which before its close of last session was 7,717,043/.,
being increased to nearly 16,000,000/., and the latter, which
was 220 miles, being increased to 720, thus placing the
Company in possession of a prospective dominion, exceeding.'
by upwards of 100 miles Mr. Hudson's amplitude of terri-
tory. The Shrewsbury, Oswestry, and Chester also commence
their twenty-three miles into the mining districts, at a
contemplated outlay of 410,000/., and the South-Western,
their Southampton and Dorchester, sixty-two miles, at a
cost of 500,000/. The Trent Valley line works, forty-nine
miles, will commence at the Birmingham line at Rugby,
and run into the Grand Junction at Stafford, at a cost of
1,250,000/. The Wakefield, Pontefract, and Goole will
scatter its capital. of half-a-million over twenty-seven
miles between its termini and the extension lines round
York, of about fifty miles, will be the means of circulating
amongst its labouring classes at least half a million. In
Scotland, the Caledonian, Aberdeen, Scottish Central,
Clydesdale Junction, and other great routes, are already
throwing labour into the hands of the Scottish population,
the works on each of them having been vigorously commenced.
The millions of British capital thus being expended are only
the seeds of a great monetary harvest, that must yield millions
more. The total amount of money that will be set in circula-
tion and expended on the construction of these projects is
29,000,000/. sterling ! The total length of new railways to
be constructed is 1,793 miles, which, added to the 1,800
miles at present in operation, shows, that while the new
lines of last session have just equalled the old ones in
length, they have about half equalled them in capital—the
cost of constructing the lines at present in existence having
amounted to 70,000,000/. There is every probability that
the lines of the ensuing session will multiply the capital of
those of the preceding one twice over, and it would almost
weary arithmetic to calculate on the multitude of men to
be employed in their formation.—Chronide.

IRISH LINES.
ULSTER.
BEL7AST, FRlDAY.—Yesterday the first half-yearly
meeting of this Company, which was unusually large, was
held here. _ _

Mr. JAMES GODDARD, chairman of the Directors, pre-
sided, and read the following report :
" The following statement shows the result of the Corn-
pany's business for the half-year ended 31st ult.:—
First class pamengers 25,589
Second class
Third class ditto

To' al passengers
Net receipts for carriage of goods and parcels

211,867
3,938

Total receipts from traffic
Register fees ...... 33

£ 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 7731. 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
gre it 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-
creese 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 t'ey 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 suhiect 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 Annigh has been obtained. The new Act
contains a clause compelling this Company to alter the pre-
sent gauge from six feet two blase; to five feet three inches,
which has been adopted as the universal gauge for 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 funds for carrying
on the works connected with the extension to Armagh have,
necessarily, been a matter of deliberation with the Directors;
and, after full consideretion, they recommend that a call be
made upon the Proprietors immediately after the present
meeting; and that the Shareholders authorise the necessary
steps to he taken for borrowing, upon the security of the
undertaking, a sum of money to the extent of 50,0001. 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-
gage! to complete it in one year and a half."
Dr. TuostesoN 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
must to the advantage of the Company."
Mr. STEEN moved as an amendment, " That instead of calls
on the Proprietors, as recommended by Directors, they are
hereby instructed to mane now quarter shares at par, in the
proportion of one to ascii share now in existence."
Mr. PETER KIRK, M.P., in seconding the amendment, said
it was the practice of railway companies, both in Ireland and
in England, to blue new shares when about to engage in any
new undertaking, in order to cover the necessary expenses.
After some observations from Mr. George Phil, Mr. Ge
orge
Greer, Geor e
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, on
the motion of Mr. COATES, seconded by Mr. WORKMAN,
Mr. Boyd being the only dissentient, "That the engineer
o' the Ulster Company be directed forthwith to examine the
country between Newry, Moira, and Lisburn, with a view
to the construction ot a line of railway which will afford
the best possible accominodation 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 Jonx SMITH, seconded by Mr.
KIRK, M.P., it was resolved,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.
CARAT COUNTY DOWN.—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 Belfast 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 Belfast, the trustees on behalf of the
Great County Down Company holding a certain amount of
shares 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 com-
r anies mutually undertake to render each other any assist-
ance in their power in obtaining their respective Acts of Par-
liament.

COURSE OF EXCHA2
Amsterdam . . ... CF. 12 91
Ditto, at 5ight......... 12 71
Rotterdam ...... . 12 10
Antwerp . 26 10
Albans Ihmburgh ......M.B.13 141
Paris, 3 days' sight 25 75
Ditto, 3 months 2EI 0
Marseilles
Bourdeaux 26 10
Frankfort on Mains 122
Petersburgh, 3Us —
Berlin
Vienna, effec. fl. 3M. 10 4
Trieste, ditto
Madrid 36
Cadia
Bilbao
Barcelona
Seville

GE.—(YESTERDAY )
Gibraltar
Leghorn 3O 65
Genoa ..... . ...... 26 5

Milan ...... ............ •••-•
Venice ........••• •••••
Naples .. ... 394
Palermo, per oz l2o*
Lisbon ........... ...... 53*
(I)tr:r.jan"ci;o ..... ...... 5233!
Bahia . .. ..
Buenos A p..is —
NewYork.:.:!dyssight
Philadlipliia —
rn.R.7.4 3F BULLION, PER oz
Foreigni::,.....l,bars. £3 17 9
Portugat ‘,.;,,1d Coin 3 17 5
New Doubloons 0 0 0
New 7U:11113 0 4 9i
Silver in Bars 0 4 lli

THE FORESTS.—The sport of deer-stalking has
been pursued with success for the last fortnight. Stags are more
migratory t%an usual this season, few having been seen at many of
their favourite haunts. John Ross, Esq., at Strathgarve, shot a pair
Of stags right and left ; at the same place and time, A. Mackenzie,
Peg" yr., of Ord, got a stag. Mr. Flood and Mr. Chearnly, at
Wuchinaalt, secured four. At Redcastle, two red deer and two roe
were killed by sons of Colonel Bailie. Colonel Porter shot two stags
St Inchnacardock. Mr. White, of Monar has killed one Gleino-
riston one very heavy deer ; Lord Walsingham, at Klnlochewe, one ;
Sir P. Mostyn and Lord Lovat have brought down several good
stags. A very heavy royal stag's head was sent here the other day
from Erchless Castle to be preserved. The beam of the horns is of
uncommon thickness, with wide span, and three thick branches,
forming nearly the famous cups on the top of each. Another royal
head, a n antlers
equal dimensions, arrived this morning from Corri-
MOW. The ars are finely overspread with rough projections.—
laces Cour*.