The Sun.
London, England, 1845-10-14 00:00:00

LIVERPOOL AND BURY.

This afternoon, at one o'clock, a general and extraordi-
nary general meeting of the Proprietors of this Company
was held at the Clarendon-rooms, Liverpool.
Mr. JAinEs BRANCKER, the Chairman of the Board of
Directors. took the chair, and in opening the business,
congratulated the Shareholders upon the success which
had attended them in their Parliamentary campaign,
without having paid too dearly for their whistle, tha ex-
pense of obtaining the Act being less than 30,000/. He read
an anonymous libel which had been put into his hands,
cotaining some false insinuations against the Board of Direc-
tors. The fact was, that at the latest period before going to
Parliament the necessary quanity of shares had not been
taken up, and they were short of the means of going to Par-
liament. The shares were then at a discount, and Mr. Cross-
thwaite, one of the Directors, came forward and took up
1,500 shares, on account of which he was liable to the Com-
pany to the extent of 70,0001., but he (the Chairman) had
only fifty shares, which he now held.
Mr. TIIO3IPSON, the Secretary, then read the report, which
stated, inter alia, that the Directors had taken the requi:ite
steps to secure the immediate commencement and the vi-
gorous prosecution of the works. On this subject they refer
to the engineer's repot t. They have thought it right to
make a call of 51. per share, which is payable on the 18th
instant. The Directors have now to communicate to the
Proprietors the result of their negotiations with the Man-
chester and Leeds Company, referred to in the notice conven-
ing the meeting. The importance of a connexion with the
Leeds Company early forced itself upon their attention, and
believing as they did that an intimate association between
the two companies must be conducive to the best interests of
both, the only question appeared to them to be the terms on
which such an union could be effected. The Leeds Directors met
them with similar views, and, after a protracted discussion, the
gentlemen deputed by the two boards agreed upon terms of
amalgamation, which the Directors have much satisfaction
in unanimously recommending to the sanction and approval
of the proprietors. A memorandum, embodying the pro-
posed arrangement, will be submitted to the meeting, and if
confirmed a resolution will be proposed, conferring the re-
quisite power upon the Directors to carry it into effect.
Upon the motion of the CHAIRMAN, the report was
adopted.
Auditors having been appointed, Sir Thomas Brancker
I was elected treasurer.

Captain PORTER, after alluding to the anonymous circular
which had been issued respecting the chairman, moved that
the sum of 1,200/. be placed at the disposal of the Directors,
for their services.

The motion was passed.
Mr. TIIo3WSON, at the call of the chairman, rose and said
that the proposed extensions had been published. They
had extensions to the town as nearly as possible to the Ex-
change. They had &so effected a Junction with the North
Union Railway at Wigan.
_ _ _

The CHAIIIiIAN moed that the Directors be empowered
to take the necessary steps for proceeding to Parliament for
such branches as they thought proper.
The resolution was passed.

Mr. DARBYSIIIRE read the memorandum of agreement
entered into between the Liverpool and Bury and Leeds and
Manchester Railways, which was to the effect that the com-
panies should be amalgamated, and that there should be issued
20,000 shares of 501. each ; that a dividend be paid to the
Shareholders of ,this Company upon the opening of the line
of one per cent. less than the Leeds dividend for two years,
and that there be two Directors of this Company added to
the board of the united companies.
Mr. GRENFELL then rose, and stated that he had consider-
able difficulty in inducing the Leeds Company to accede
to the terms now agreed upon. At the former interview the
amount of shares given to this Company was only 16,5004
and he was not quite satisfied with this offer, but he im-
pressed upon Mr. lfouldsworth the fact that this would form
an opening from the east to the west coasts. Mr. Houlds-
worth felt the importance of this fact, and with the greatest
difficulty, at the latest moment, he was induced to give an
increase to the Liverpool and Bury line of three thousand
and odd shares.—(Applause.)
A number of questions were put by different Shareholders,
with the view of ascertaining the precise effect of the agree-
ment, and it appeared that the result would be that each
holder of fire shares would receive one share in _addition to
those which lie formerly held.

Aft.,r observations from Mr. H. ASHWORTH, of Bolton, and
Mr. PEASE, of Darlington;

Mr. TURNER moved that the consideration of the question
be postponed for a fortnight
Upon a show of hands, the motion was carried by a ma-
jority of about three to one.
Mr. CaossmnwarTs then informed the meeting that he
would now place at the disposal of the shareholders the
1,500 shares which he had taken, upon the condition that he
be repaid the sum of 6,0001., which he had advanceJ.—(Loud
cheers.)
Mr. Brancker having left the chair, Mr. Grentell took it,
and recommended that the meeting should place 500 of these
shares at the disposal of the Directors.
The proposition was agreed to, and a vote of thanks to
Mr. Crossthwaite, after which the proceedings terminated.

CAMBRIDGE AND LINCOLN EXTENSION. AND
LINCOLN, YORK, AND LEEDS JUNCTION.
A numerous meeting of the projectors of the Cambridge
Extension lice took place yesterday afternoon, at the Bull
and Mouth Hotel, St. Martin's-le-Grand, and was attended
by several gentlemen from the principal towns on a line.
Amongst the gentlemen present we observed the R. W.
Atkinson, Esq., of Leeds; Viscount Dillon. of Belgrave-
square ; Sir lienry Webbe, Bart. ; Major Beresford. Al. ;
Major-General Parlby, C B.; Thomas Farncomb, Esq. alder-
man; John Black, Esq., of Leeds ; W. L. Sharp, Esq.. 01
Gainsborough ; It. Hobson, Esq., M.D. ; J. Blackburn. Esq.;
L. E. Smith, Esq.; John Bradley, Esq., of Sheffield; A. S.
f‘vy, Eq.; Lieutenant-Colonel
Clements,George Morton, Benjamin
111r.J. R. W. &c.
ATittxsox was called to the chair, and raid
the project had been brought forward last session, anti though
it was then comparatively unknown, yet if they bad been
earlier in the field they would have been in a better position.
At that time the merits of the line were not fully understood.