The Sun.
London, England, 1845-10-13 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-roomy, Liverpbol.
Mr. JAMES 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, the ex-
pense of obtaining the Act being less than 30,000 i. lie read
an anonymous libel which had been put into his bands,
cotaining some false insinuations against the Bocrrd 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. THO3IPSON, the Secretary, then real the report, which
stated, inter alia, that the Directors had taken the requi,ite
steps to secure the immediate comrne•.icement and the vi-
gorous prosecution of the works. On this subject they refer
to the engineer's report. They haw thought it right to
make a call of Si. 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 pretracted 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 it'
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
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. THOMPSON, at the call of the chairman, rose and said
that the proposed extensions hy.d been published. They
had extensions to the town as yearly as possible to the Ex-
change. They had also effected a junction with the North
Union Railway at Wigan.
The Owns'Aw moved 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. DAP:RYSIHRE read the memorandum of agreement
entered into between the Liverpool and Bury and Leeds and
Maneaester Railways, which was to the eflect that the corn-
Par:,es should be amalgamated, and that there should be issued
9°0,000 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 16,500/.,
and he was not quite satisfied with this offer, but he im-
pressed upon Mr. Houldsworth 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-
' meat, and it appeared that the result would be that each
holder of fire shares would receive one share in addition to
those which he formerly held.
After 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. CaossznwArrE 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 6,000/., which he had advanced.—(Loud
cheers. )
Mr. Ilrancker having left the chair, Mr. Grenfell 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
Mt-Crossthwaite, after which the proceedings terminated.

CAMBRIDGE ANTI) LINCOLN EXTENSION, AND

LINCOCN,YORIC., 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-1-grand, and was attended
by several gentlemen from the principal towns on a line.
Amongst the gentlemen pl9sent we observed the R. W.
Atkinson, Esq., of Leeds; • Viscount Dillon, of ;Belgrave-
square ; Sir Henry Webbe, Bart. ; Major Beresford, ALP ;
Major-General Parlby, CB. ; Thomas Parneomb, Esq. alder-
man ; John Black, Esq., of Leedif ; W. L. Sharp, Esq.. of
Gainsborough ; R. Hobson, Esq., M.D. ; J. Blackburn, Esq.;
H. E. Smith, Esq.; John Bradley, Esq., of Sheffield; A. S.
Levy, Esq.; Lieutenant-Colonel George Morton, Benjamin
Clements, Esq., &c.
Mr. J. R. W. ATKINSON was called to the chair, and said
the project had been brought forward last session, and though
it was then comparatively unknown, yet if they had 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.
The application for shares had already been almost over-
whelming, for upwards of two hundred thousand hail been
t'emanded, and every hour fresh applications for allotments
were being made. Two gigantic undertakings were now
struggling for a victory, which, if obtained, would, without
doubt, prove unavailing to the victor. The immense and
Wealthy population of the country between Lincoln and
York, and between Lincoln and Leeds, were left unsupplied
with railway accommodation. No less ambitious of ac-
complishing a great public benefit, the projectors of the
Lincoln, York, and Leeds Junction Railway had adopted
Lincoln, with 30,000 inhabitants, York with 40,000, and
Leeds with 152,000 as the termini of their line ; and, calcu-
lating upon the ultimate success of the Cambridge and Lin-
coln Bill in the ensuing session of Parliament, proposed
to complete the whole line of rail from London to York and
Leeds by the execution of this design. Leaving the terminus
of the Cambridge and Lincoln line at Lincoln, the proposed
line would be taken by Saxilby and Lea to Gainsborough,
where it would cross the Trent, and then to Haxey
Gate; :whence a branch would issue to Doncaster. At this
latter place a communication would be formed with pro-
jected lines from Manchester and Sheffield to the port of
Goole ; and by this arrangement a communication would
be opened with the coal fields of Elsicar and Silkstone,—a
species not inferior to that of Durham and Sunderland,—as
well as with the limestone quarries at Warmsworth, so
valuable for building purposes. Proceeding to Thorne,
the - line would reach Snaith, and continuing its direct
course westward of Selby, near to which it would ba crossed
by the Hull.and Selby Railway, would have its northern
termini at the city of At Thorne, or some convenient
point near to it, an auxiliary line-would emanate from the
main trunk to Askern, and either by means of the pro-
posed branch of the Wakefield, Pontefract, and Goole
Line to that place, or by an independent course, as might
hereafter be determined upon, would run through Ponte-
fract direct to Leeds. By this means the whole of the manu-
facturing districts of the West Riding of Yorkshire and Lan-
cashire would be rendered easily accessible. This line would
be the shortest between Lincoln and York, Lincoln and
Leeds, Lincoln and Selby, York and Selby, and York and
Hull. The gradients throughout were so favourable, that
none exceeded 15/ feet in the mile, as instance unparalleled,
if the length of it were taken into consideration. There
would be no tunnel ; the works would everywhere be light ;
no invasion of ornamental property was necessary; and the
local interests had expressed themselves favourable to the
project. An interest of ten per cent. on vested capital was
confidently expected, exclusive of a fair allowance for work.
ing expenses. The line was surveyed last session, and was
now undergoing another survey, and from the accounts they
had received the first favourable impressions of its practi-
cability were fully confirmed. He had no doubt they would
go to Parliament next session with a certainty of carrying it
through.
A resolution was moved for the purpose.
After considerable discussion, in which Major M. Cooper,
Mr. Potter, Mr. Jardine, and Mr. Williamson took part, sug-
gesting an addition to the list of local and London members
of Committee, resolutions relative to future proceedings were
unanimously adopted.

ASHBY-DE-LA-ZOUCH AND MIDLAND.
A short time ago the Midland Company purchased the
Swannington line, and afterwards the Ashby Canal. The
proprietors of the latter held their half-yearly meeting on
Monday, at the Queen's Head Inn, Ashby, when a dividend
of 2Z per cent. on the half-year was declared, and it was
stated that the receipts for the last half-year were 500/. more
than the corresponding half-year of 1844, and upwards of
7001. more than the corresponding half-year of 1843. The
object of the Midland Company in purchasing the canal is to
extend the Leicester and Swannington Railway by a branch
commencing near Colville, and passing through Ashby-de-
la-Zouch, Moira, &c., and terminating in the Derby and Bir-
mingham Junction, near Burton-on-Trent. A,branch will
also be made, commencing near Moira Baths, arAlproeeeding
along the present route of the Ashby Canal to join the Treat