The Sun.
London, England, 1842-02-25 00:00:00

THE SUN, LONDON, FRIDAY MORNING, FEBRUARY 25, 1842. "

the locomotive expenditure was charged to the capital account.
! Was the amount of 120,60-11: expended for locomotive car-
riages, &c , within the last half year, for articles entirely new ?
The CHAIRMAN—Nothing has been charged to the capital
account except for what is entirely new,
Mr. Caosnrwanre—What is our present stock of engines?
The CHAIRMAN—One, hundred and seven.
Mr. CROSTIMAITE--Are b'3, all paid for?
The CHAIRMAN—Nearly so. There may be some small
sums outstanding, but their amount is very trifling.
Mr. CROS'PIIWAITE—How many more have been ordered?
The CHAIRMAN—Twenty-one, which will make one hun-
t dred and twenty ht in all.
Mr. CROSTIIWMTE—Do you think that will be all that will
be required.
The CH A IRMA N think that number will be perfectlyade-
quate, but Mr. Brunel can perhaps furnish the Hon. Proprietor
with more accurate information than I can. •
Mr. CROSTHWAITE—I am anxious to know how far we have
met flee expense we are likely to incur for locomotives and
carriages.
Mr. BRUNEL—I think 130 engines will do all the work of
the road.
Mr. CitosnievarTE—Then with regard to the suits at law.
The CHAIRMAN—We have had one recently decided against
us in the Court of Exchequer.
Mr. CROSTHWA ITE—ls that the same cause that was tried
at Liverpool?
The CHAIRMAN—It arises out of that cause.
Mr. CROSTHWAITE—When will the Cheltenham hoe be
completed ?
The CHAIRMAN said that the Directors had always at-
tached the greatest importance to the finishing of that
line, but they had not thought themselves empowered
by the Proprier ore to enter into any consideration of the ques-
tion of endeavouring to complete the line on their own account.
Such aid as they had been able to give to that Company the Di-
rectors had always giver. ; but if the Proprietors should deem it
desirable for the Directors to enter into negotiations for the
completion of the road upon an equitable basis between
the two Companies, it would be the duty of the
Directors, so soon as the Proprietors should empower them so
to do, to enter into negotiations with the Cheltenham Com-
pany to carry out that intention. If the Hon. Proprietor
thought such a course ought to be adopted, he had better move
a resolution to that effect.
Mr. CROSTHWAITE was well aware of the value of such
an adjunct to their line. He believed that that
railway must be completed in seven years, or that
at the expiration of that time it would fall into other hands.
Without making any motion on the subject he thought it de-
sirable that some equitable proposition should come from the
Cheltenham Company to the Proprietors of the Great Western
Company.
The CHAIRMAN—Then you do not propose that the Direc-
tors should take it up?
Mr. CROSTIIW A ITE—Not unless we knew what the relative
value of the line is. Many Proprietors of the line may be dis-
posed to take shares for the completion of that lice, but
others may dissent from the Company, as a company, tak-
ing up the subject.
Mr. HEPWORTH supposed that the expense for permanent
way was for the expenses of the whole line.
Mr. BRUNEL—Yes.
HEYWIRTH.—What causes the other expense of
168,890/. for the half year.
Mr. BRUNEL—It is a portion of the cost for the continua-
tion of the permanent way open through the half-year.
In answer to other questions, Mr. Batureer, stated that some
small portion only of that expense was owing to the slips and
other accidents which had occurred ; not 10,000/. in all.
The SECRETARY, in reply to Mr. Heyworth, stated that the
real capital of the Company was supposed to be 6,300,000/.
and the Chairman stated that it was his firm impression that
that capital would be sufficient.
Mr. HEPWORTH said he had never been at a meeting of
the Great Western Railway Company where he had heard a
Report so satisfactory to himself as that which had been pre-
sented by the Directors on this occasion._( Cheers.) He
trusted that other gentlemen would entertain the same feeling
as himself with reference to that Report; at all events he could
not do otherwise than give it his entire and unqualified approba-
tion. With regard to the Report of the Engineer, he was sorry
to say that he could not give that document such unhesitating
approval. He found in that Report these words :—" The
weather has, of course, almost completely put a stop to, or
materially delayed those works which were in the course of
construction, and involving any building—the Swindon-en-
gine-house, stations, goods', sheds, and all other minor works.
These circumstances having unavoidably delayed the finishing
off of many of the works:, and winding up the contractor's ac-
counts." He was sorry to find such an unsatisactory state-
ment.
The CHA IRMA N said the Hon. Proprietor must see that the
hasty closing of the contractor's account would be injurious to
the Company.
Mr. HEPWORTH said the Report of the Engineer went on to
state that the various occur ences to which he had referred rn
connexion with the works, rendered it impossible for
him to name any sum as the probable cost. There
was something extremely indefinite in such a state-
ment. "I do not think," said he, " that the cost will be
so large as might have been expected, and although 1 cannot
venture to give any 1 ositive opinion, yet I can say, that having
wound up several contracts, and having gone very far towards
a settlement of their accounts, I have no reason to fear that any
ground of complaint will exist as to the correctness of my last
estimates."
The CHAIRMAN said it would be impossible to be very'
definite with respect to accounts which had not been rendered,
and with respect to which it remained to be determined what
portion should be borne by the Company, and what by the Con-
tractors.--( Hear, hear.)
Mr. HEPWORTH said the result would show whether the ac-
counts were satisfactory. The remarks of the Chairman were
in some measure a guarantee that no great mistake had Leen
made in the calculations.—( Hear, hear.) At all events he felt
great pleasure in moving the adoption of the Report which had
been made tothe meeting.
A PROPRIETOR wished to ask the engineer, more for his
own information, than that of the meeting, whether the con-
veyance of such a heavy article as stone was not likely to be
more prejudicial than profitable to the Company ?
Mr. BRUNEL said as far as he was aware there was nothing
in the article of stone which rendered it peculiarly d fficult to
car. y ; of course the weight would be proportioned to the
power of steam.
A PROPRIETOR wished to know what ground there was for
believing that Dartmouth would be appointed as the station
for the mail packets.
The CriArnsraN said there had been a commission appointed
by Government to consider the subject, and the opinion of that
Committee was decidedly expressed in favour of Dartmouth.
Subsequently the question was rendered doubtful in the House
of Commons. A Committee was appointed, and a great deal
of evidence was taken. Their report, though it leaned towards
it, was not derided in recommending Dartmouth.
In answer to a question with respect to the establishment of
a mail to the south of Ireland,
The CHAIRMAN said, communications had been entered
into with the Government for removing the mail from Milford
to Bristol ; but though he hoped the object would be attained,
the matter was at present, quite undecided.
A PaorierETOß wished to know whethi r a larger sum did not
accrue for interest in the last six months, than in the former
six months, and what was the extent of the increase.
'I he TREASURER said there was an increase of 8,000/. The
Honourable Member should be aware that the interest upon
the loan notes had accrued the last half year.--( Hear, hear. )
A PROPRIETOR inquired wh t was the amount of toll upon
the Bristol and Exeter brsneh
The TREASURER replied that it was one farthing for every
passenger, and a penny for every ton of goods.
Mr. AneTore said, that before the question was put to the
meeting, he felt it was due to his own consistency, and he
might say to his own character, to say a few words
to the meeting. When the last meeting of the Great
Western Railway took place, he was attending a
meetieg of the North Midland Railway Company.
At that meeting he made a proposition that two auditors should
be elected from the body of the Proprietors, who should inves-
tigate into the accuracy of the accounts of the Directors, pre-
vious to their being laid before the meetings of the Company.
It was extremely gratifying to him on that occasion to hear the
Chairman state that he felt very great pleasure in seconding the
motion. When he came to London on Tuesday he called on Mr.
Russell, who received him, as he was accustomed to receive every-
body,
.who had intercourse with him, with great courtesy and
kindness..—( Hear, hear.) lie recommended to him the benefit
of appointing two individuals who would look after the
accounts and audit them. What could be more absurd in prac-
tice than that individuals, meeting twice a year, and for a
few hours should be able to look into all the accounts, and
determine their accuracy.—( Hear, hear.) The Hon. Gentle-
man gave him no answer at the time he called, but at a subse-
quent time, he stated to him, that the Directors had determined
it would be inexpedient that such auditors should be appointed.
He did not wish to do anything in opposition to the Directors,
but he consideied that a propositi- n so sound and just as that
which he referred to should emanate from the body of the
proprietors themselves, and having received a refusal from the
Directors, he begged to bring the subject before the
meeting.—( Hear, hear, hear.) The Chairman in the
short conversation he had with him expressed that
such a proposal would seem to cast some doubt on the
integrity of the birectors, but no person could believe, that he
entertained any such doubt; but he did consider that the Di-
rectors were very extravagant, looking retrospectively, and
that it would be useful to have a check placed upon them pros-
pectively.—( Hear, hear.) He had no wish to disturb the
meeting, and he had great pleasure in alluding to the great re-
duction that had taken place in the cost of maintaining the
line, because that was a point which he looked on wish sus-
picion. The charge was reduced fvom 94 per cent to 64, and
he could not but record his approbation of that reduction, be-
cause it showed that the laying of the road was on good and
sound principles.--( Hear, hear.) He was desirous of asking
what was the price of colts.

The payment of the full rent at the rate of 30,000/. per annum
(after deducting 5001. for the estinated loss incurred by this Corn;
pany), to be made at the times and subject to the conditions herein-
after mentioned.

The line from Bridgewater to Taunton to be ready for opening
in the manner prescribed by the terms of the lease, on or before the
7th July next, two further portions of line on or before the Ist
July, 1843, and Ist July, 1844, and the entire hue throughout on
or before the Ist July, 1845. The rent for the current half-year,
at 30,0001. per annum (deducting the 5001. above mentioned), to
be paid them when due, upon a certificate from the Engineer that
the Railway will be ready for opening to Taunton on the day spe-
cified.

The sum of 7,5001. for the first half-year's rent to be reserved
and paid over to that Company, on the opening to Taunton, pro.
vided it takes place on or before the 7th July, and not otherwise.
In the contingency of failure to open any of the three several
portions of line successively, on or before the Ist of July in each
year, one-third of the 7,5001. with interest at five per cent. per
annum, to be reimbursed by the Bristol and Exeter Railway
Company, in respect of any such failure, or to be retained from
rent payable to them by the Great 'Western Railway.
If the line from Bridgewater to Taunton shall not open by the
7th July (which period has been fixed with reference to the
British Agricultural Meeting, to be held this year at Bristol), one
moiety of the extra sum, which may have been previously paid over
to the Bristol arid Exeter Railway, to be re-imbursed by them to
this Company, or i❑ like manner to be retained from rent payable
by the Great Western Railway.
The arrangement only to be binding in the event of being sanc-
tioned by General Meetings of Proprietors of both Companies, and
not to affect any other terms or covenants contained in the existing
lease.

If these two propositions shall receive the consent of the Proprie-
tors at this Meeting, the profit of the half-year will be subjected to
the further deductions as follows :

Moiety of Rent which may become payable to the
Bristol and gxeter Railway £7,500
Depreciation Fund on the Company's Stock for
the last six months

10,000

£17,000
leaving the sum of 101,687/. 55. Id. at the disposal of the Company.
The Directors recommend that a dividend at the rate of 61. per
Cont. per annum on the amount called up, should be now declared
for the half-year ending rm the 31st of December last, payable to
the Proprietors who were registered at the closing of the books,
upon their respective shares.
A dividend of 1/. 19s. on the original share ; 1/. 10s. on the half
share ; and 25. 41d. on the fifth share for the half year to the 31st
of December, declared payable on the 24th of March, amounting to
90,7501. will leave an undivided balance of 10,9371. ss. td. to be
carried to the credit of the current half-year, which, it may be pro-
per here to remind the Proprietors, is always the least productive in
railway traffic.
The Directors look with undiminished confidence to that gradual
and certain augmentation of income from passengers which has
been found to accrue on every railway after its completion. In
merchandise and cattle, the increase, although in some cases more
slow in its operations, may be regarded as equally certain of attain-
ment on the lines worked by this Company. Already small quan.
tities of coal and stone are brought for conveyance by the Great
Western Railway, and as soon as the requisite accommodation is
procured, these two articles alone will add considerably to the
revenue of the Company.
Negotiations are now pending with parties for carrying on a
trade both in coal and in stone upon the line, which it may be rea-
sonably inferred will become beneficial to the Company as well as to
themselves.
The benefit arising directly and indirectly to the great Western
Railway Company from the Cheltenham and Great Western Union
Line, though considerable, is of course greatly limited by that
Railway not yet running into the great line of traffic through Glou-
cester and Cheltenham. The Cheltenham and Great Western
Union Company has now a Bill before Parliament enabling them to
treat with other parties, and your Directors will steadily keep in
view arrangements which may be mutually beneficial to the two
Companies.
The Engineer's Report is appended to this, in order to afford full
information to the Proprietors on the state and condition of the
works, the winding-up of accounts, and the general review of his
last estimates, as far as the progress of settlement with contractors
enables him to communicate any decided result.
The Directors have given full effect to the resolutions of the last
half-yearly meeting of the Company, for altering the constitution
of the Board of Management, by a reduction of numbers, with the
changes in the periodical retirement of Directors consequent
thereon. The numbers were reduced to eighteen by the lamented
death of Peter Horrocks, Esq., and by the resignation of the un-
dermentioned Directors, viz.—Ralph Ftnwick, Esq., Charles
Bowles Fripp, Esq., Riversdale William Grenfell, Esq., Thomas
Pycroft, Esq., and Robert Scott, Esq.
Under the new arrangement which was ordered to be adopted
for the determination of the fcur Directors to retire at this meeting,
the period of service of Robert Frederick Gower, Esq., Thomas
Richard Guppy, Esq., William Singer Jacques, Esq., and George
Jones, F.sq., has expired, but being re-eligible, they severally de-
clare themselves candidates for re-election.
ENGINEER'S REPORT.

18, Duke-street, Westminster, Fib. 22, 1842.
GENTLEMEN The whole line having been opened a short time
previous to tl.e last Half-yearly Meeting, my Report upon the state
of the works and proceedings of the last six months, might be, I
am happy to say, limited to the satisfactory statement that these
wcrks, although many of them are very new, and exposed so home.
diately after their construction to the severest trials, have so far
withstood these trials as to allow of the uninterrupted working of
the Railway. But the extraordinary winter which we have just
passed through, and the consequent injury which all new works
have sustained during this winter from the long-continued and ex-
ccssive rains, and the subsequent violent alternations of frost and thaw
must naturally have excited anxiety as to the effects produced upon
those parts of our line, and those works which were barely completed
before this weather commenced, and these circumstances requ' re that
I should give some account of the difficulties we have had to con-
tend with, and of the degree of success attending the means taken
to meet those difficulties.
Upon the part of the line thus recently opened occurred all the
heaviest works (excepting those between Bristol and Bath), and es-
pecially those works which from the character of the soil were the
most likely to suffer from the weather.
From Wootton Bassett to the Bristol side of Chippenham, and
from the Box Tunnel to Bath, a total distance of upwards of twenty
miles, the natural soil is everywhere clay, and at several points,
clay of the worst description. It is almost unnecessary to add,
that in cuttings and embankments newly formed, and of such ma.
terials, the bursting out of water in the slopes of the former
at points where no previous indication of water existed, and
the complete washing down and dissolving of the surface of the
latter, were the frequent and unavoidable consequences of all
the natural drains of the surrounding country being, overcharged,
and of the almost incessant fall of rain. Slips of various de.
grees of magnitude occurred in the slcpes of the cuttings_
one of considerable extent in the Wootton Bassett cutting in
this case, as indeed almost always in slips or cuttings, there was no
alternative, the only remedy being the entire removal of the dis-
turbed ground, and the carrying back the slope at that part. About
25,000 cube yards of earth have been removed at this slip. In
the Ashley cutting, between Box and Bristol, where the sloping
ground beyond the cutting has always given much trouble, the ex-
tensive precautions taken, by shafts and headings connecting them
to-effect a perfect under-drainage of the hill, proved very efficacious,
and has no doubt saved us from very serious slips; the increased
quantity of excavation required here, in consequence of slipping,
has been small, and the temporary roads which had been left for re-
moving the materials from the slopes clear of the main line, have
now been removed.
In the clay embankments the greatest difficulty has been felt in
the repairing of the slopes where the material has been actually
washed down in a state of mud ; at many of these points no dry
materials could be obtained, and consequently there were no means
of reforming the slopes; faggots have at these places been used
extensively, both for protecting and draining the surface, and
even when necessary, for making up the embankment; in such
cases the safety, and other advantages of the continuous support to
the rails, were strikingly manifested; the longitudinal timbers kept
their form, and maintained the line sufficiently straight over weak
places, when sepa rate sleepers or blocks would have completely dropped
out of place, and when the security of the line appeared likely to be
increased by it on account of the one side of an embankment set-
tling or washing clown more than the other, the whole line of rails
could be, and frequently has been, shifted bodily several feet side.
ways, or even lowered considerably, and set again with good curves
and regular easy gradients, without difEculty or the slightest risk
between the passing of the trains; and the line has thus been kept
in good working order, and perfectly safe, at times and in cases in
which, without this facility-, great delays must have occurred from
the crossing or stopping of trains.

By constant attention, I am happy to say, we have succeeded in
passing through this winter without any extensive injury to the
new works, involving either stoppage of the line or any other seri-
ous consequences. The late accident at Sonning, disastrous as it
ay
rbees
fleui
ngutiyt completeda
formedn t o taafil,eldry
wellt unexpected
edei enteedd,
may have been in its results, was a very painful instance of serious
c years—
theu e ,
slopesconsequences'lhized Sonningfarroisuiltghe fromcfiurts cutting
ehTnae carefully
and the cutting was considered one of the best on the line ; the sur-
face of the slopes had at some points slid down—a common and com-
paratively unimportant occurrence with new slopes ; these places had
been drained and left till more favourable weather we complete drainage
afforded a good opportunity for repairing them ; but unexpectedly
a part of the solid slope itself was thrown forward from near the
top of the slope, and although not very extensive, formed a slip
sufficient to cover a short piece of one line of railway; with the
earth were brought down several large pieces of a thin bed of
sandstone, which were sufficient to throw the engine and tender
violently off the rails, and thus cause the light waggons behind to be
broken, whereas, without the presence of the stones, theresult would
most likely have been comparatively trifling—a combination of un.
foreseen circumstances thus rendered serious a most unexpected, and
in itself, an unimportant slip. It has since been found by cutting
into the slope, and endeavouring to trace the cause, that a large
basin of gravel exists within the clay just at this point, approach.
ing very near to the cutting, and which overcharged with water,
the usual drainage being for the first time insufficient, had pushed
the top of the slope into the cutting. Against such contingencies,
whether on a railway, or in any other work, it is impossible
altogether to provide, but as far as unremitting attention, vigi-
lant and constant inspection of the works by myself and my
assistants, and the prompt and vigorous application of
the most complete remedies that could be applied, I can unhesi-
tatingly declare that your interests have been taken care of
by the maintenance of your works, and the public safety and con-
venience have been preserved to an extent which the difficulties of
the season at one time liserdly allowed me to hope could be effected.
The weather has, of course, almost completely put a stop to or
materially delayed those works which were in the course of con-
struction, and involving any building-the Swindon engine-house
stations, goods' sheds, and all other minor works. These cir.
cumstances having unavoidably delayed the finishing offof many of
the works, and winding-upof the contractors'accounts, from this cause
more particularly, although in some degree, also, from the occupation
of my time consequent upon the frequent and sudden calls to various
parts of the line, I have not been able to complete the general Re.
ports which I had intended to have laid before you at this meet_
leg, when I had expected that all the works would have been con.
pleted, and the accounts squared, and in referring to either of
which I could consequently have spoken of any of the detail.
or of the causes of expense freely, and without danger of ember.
rassing any question of unsettled accounts which I cannot now do;
and I could have referred to the completion of distinct works,
completed for specific sums, which I could have named, as to esta-
blished facts, this neither can Ido at the present moment, I must
therefore look to a future opportunity for making this Report.
The various occurrences which I have referred to as requiring
e
and receiving such constant and serious attention, have necessa.
rily been attended with some considerable expense, but I am happy
to say that although it is not in my power yet to arrive at a suf.
ficiently safe estimate of this cost, which is so much mixed up with
any sum,
lordewnietlti
teloiimnkpleittiownilolt
easennosot tloarg
justify
my naming
as might have
been expected, and although for the same reasons I cannot venture
to give any positive opinion, yet I can say, that having wound up
several contracts, and having gone very far towards a settlement of
other accounts, I have no reason to fear that any ground of corn.
plaint will exist as to the correctness of my last estimates.
I ens, Gentlemen,
your obedient servant,
I. K. BRUNEL.
• The Report of the Directors, and the Engineers' Report
having been read, have been
The titaramAN said that perhaps the Proprietors would
dispense with the reading of the accounts, as the results had
been stated in the Report, and as a copy of the account was
annexed to the :Report.--This proposal having been unani-
mously assented to,
The CHAIRMAN said that if any Hon. Proprietor was desi-
rous of making any observations on the subjects alluded to in
the Report now was the time for doing so, before
He put the
resolution that the Report be adopted.
Mr. CROSTHWAITE wished to know whether he was to
understand that the Directors considered their present funds
were sufficient for every thing.
The CHAIRMAN—Yes.
Mr. CROSTII WAITE was desirous of knowing how much of

The CHAIRMAN said it was 365. per ton in London and
255. in Bristol, but they hoped to make a still further reduc-
tion in as price.—:(l-I.ear.)

Mr. AL;TON said that another question was the appoi'lment
of the Directors, which he thought to be erroneous. On the
Grand Junction Railway the largest Proprietors were the
Directors, but on their line that was not the case ; and Pro-
prietors who had 800, and 1,000 shares, were not brought into
the direction. He would say no more at present, but would
wait far his reply.

The Ciraiii.-aiax said, that in the first place he would
state to the Proprietors generally the mode of auditing the
accounts. There were two Directors in London and two in
Bristol, who devoted several days in each month to the duty of
auditing the accounts. That mode he believed to be extremely
efficient, and one through which they had a complete know-
ledge of the accuracy of the accounts.—( Hear, hear.) He
would ask the Hon. Proprietor if the new Proprietors who
might be appointed would devote more of their time
to audit the accounts than the present ?—( Hear, hear.)
He believed the mode proposed by the Honourable
Proprietor would be inefficient for the purpose of auditing the
accounts or ensuring accuracy in them, but it would be very
efficient for the purposes of litigation and dispute.---( Hear. )
If that mode were adopted their half-yearly meetings would be
entirely occupied by trivial disputes. He also entertained con-
siderable doubt as to the legality of appointing seven auditors.
The Act of Parliament undrr which the Company was formed,
very accurately defined the executive ollictrs to be appointed,
and there was no mention made of auditors. The Chairman
then referred to the Act of Parliament, which enjoined the
appointment of five Proprietors, if it became necessary, to try
the accuracy of the accounts. He could not help thinking
also that the appointment of such auditors would imply a
want of ctrifidence:in the Directors, who he hoped had always,
and always would continue to discharge their duty to the
Proprietors. It was for these reasons that the Directors had
unanimously resolved that it would not Le desirable to comply
with the suggestion of the lion. Proprietor.—( Hear, hear. )
They thought the system would be utterly inefficient, and that
it would lead to endless litigation and dispute.--( hear, hear.)
And they believed it would imply a want of confidence in the
Direction, without which it would be impossible for them to
discharge their duty satisfactorily to themselves and beneficially
to the Proprietors.—( Hear, hear. )
Mr. VOUSLEY congratulated the meeting; and the Direc-
tion on the unanimity that had prevailed among them.
He rejoiced that the gentleman who had proposed the adoption
of the Report was the gentleman who on many occasions had
taken a very lively interest in the affairs of the Great Western
Railroad. He was very glad that he now gave the Direc-
tors the whole weight of his experience and application
because they knew that, on some former occasions, he had
felt it his duty, and no doubt justly so,
.to differ from
them. He hoped that the time was not far distant, probably , .
the next half.), tIY meeting, when the engineer would meet

with his approbation, as well as the Directors had done
on this occasion.—( Hear; hear.) He mixed with a por-
tion of society, where he had frequent opportunities
of hi wing the opinions of gentlemen with regard to the con-
struction and advantages of different railroads, and the univer •
sal opinion was that that the Great Western Railroad stood
second to none. On so great an undertaking, it must be im-
possible for any person, however talented, to tell ex-
actly the coat of construction of such large works,
and if there was anything at all to complain of with retard to
the estimates of the expenses on the road, still it was certain
they had a most solid and excellent property for their outlay.—
( Hear, hear.) He would not further trespass on their time
but to say how much he was gratified to find that from the exer-
tions of the Directors, combined with those of the engineer,
they could now boast of having a property which was equal to
any of the same description. The worthy Proprietor on his
right, had not made any proposition, but he had thrown out a
suggestion, and they had heard the Chairmin's observations
in reply to it. They certainly took their shares
with the knowledge of the Act of Parliament, which
regulated them ; though it was in the power of the
meeting, perhaps, with the censent of the Directors to such a
proposition, to make an alteration in the regulation, yet he
thought it unnecessary with the satisfactory -Report they l ad
heard read, and which Mr. Heyworth recommended for adop-
tion. He should be sorry, under the circumstances that had
brought them to such a prosperous situation, if his pro-
position should be carried into effect. He felt him-
self that it was not necessary to appoint auditors
And it anything could strengthen the confidence he felt in the
Directors, it would be their having adopted the suggestion of
the last hall-vearly meeting, and reduced their numbers, and
also dielinislied their expenditure as much as they could do,
consistent with the safety of their property. Beyond that they
could not wish them to adopt any suggestions. lie again ex-
pressed himself per ectly satisfied with the Report, and he
hoped the next half-yearly meeting would find them in a still
more prosperous condition.
A PROPRIETOR said that, while he felt the most unbounded
confidence in the Directors, yet •he was not disposed to place
implicit confidence in their wisdom more than in that of any
other men. He dissented from the proposition of Mr. Alston,
for appointing auditors, believing that it would not accomplish
his intent on ; auditors were merely checks on an account of
expenditure, but if they were permanently appointed,
they would soon become directors of the road, and
the Directors would become their servants, under the
direction of these individuels. The time might come
when the railroads having used up their capital, they
would be subject to a mere question of management,
and auditors might be appointed ; but that time had not arrived
with railroads in general, and the introduction of a bad prece-
dent in one might injuriously effect others ; the appointment
of auditors he thought would tend to produce litigation. lie
trusted that Mr. Alston would allow the meeting to else with
the unanimity with which it had commenced. lie did not quarrel
with any single remark of the Report ; it was very creditable to
the Directors, and was an honest, open-minded, and fair
Report, from which they knew the state of their circumstances.
The extent of their expenditure was comprised within
6,300,000/., and whatever might be the variation on this item
or that, they were prepared to meet them as they arose. The
Engineer stated it was impossible to say exactly what the ex-
pense of certain works would be. He thought the time had
arrived when indefinite expressions should be dropped, but at
the same time he congratulated him on having given
them a good, and firm, and stable property. He was merely
going to ask one question—that was, whether they had got all
the money on loan which they required, or whether they were
taking more ?
The CHAIRMAN stated that they had not taken up all they
required
In answer to a second question from the same Hoer. PRO-
PRIETOR. as to the probable amount that would be required,
The CHAIRMAN stated, that without reference to the ac-
counts, it would not be very easy to tell the amount.
The same HONOURABLE PROPRIETOR proceeded to say,
that he wished to make a few observations on the subject of the
allowance for depreciation of stock. He concurred in the
principle laid down, that the fair and honest mode of proceed-
ing was, that a provision should be make for depre-
ciation so that Proprietors might at any time trans-
mit the stock in the state in which it had been
when they held their shares. It was needless to say that there
was a decay of stock going on of necessity in railways from day
to day. Their stock was now new, and it was of course sub-
ject to less wear and tear than it would be subject to hereafter.
It was the opinion of the Directors that 20,0001. would keep
tl e stock in perfect repair for the next ten years. Now
he wished that valuators might be appointed who
would fix as nearly as possible the rum required for re-
pairs, and that as little doubt as, and could be expected, might
exist upon the subject. The stock, in his judgment, should be
valued, and all risk of a deterioration of the property should be
removed as much as possible. There was no reason why future
Proprietors should be called upon to meet unexpected demands.
In offering those remarks he did not wish to throw any ob-
struction in the way of the adoption of the Report, of which he
h'ghly approved. He thought that Report was creditable to
the Directors, and must be satisfactory to the Shareholders.
Sir. GEORGE CA RR GLYNN said that he entirely concurred
in the observations of the Honourable Proprietor who had
preceded him. He was sure the Directors were right in
adopting the principle of setting aside a sum which they con-
sidered amply sufficient to meet the annual expense of depreci-
ation. But he should also say, as hat been said by his Hon.
Friend, that he did not think any system of per tentage would
carry conviction to the minds of Proprietors, unless accompanied
by a periodical valuation of stock. He thought that a valua-
tion of the kind might be made with considerable accuracy;
and so great was the progress that had been made of late in
scientific inquiry, that a very close approximation might be
made to a definite result. At the same time, he thought that
it would be extremely unfair to act upon any valuation from
half-year to half-year, and that such a valuation would in that
case be very false. There would necessarily be particular pe-
riods at which greaeer expenses would be incurred than at others,
and the only sound principle was, therefore, that a sum
should be set aside, to be applied during a number of years.
lie had not, however, merely risen for the purpose of making
these observations ; and his principal wish was to allude to a
transaction in which he was concerned as Chairman of the
Grand Junction Railway Company. It was true that
he had himself seconded a motion for the appointment
of auditors to overlook the acdounts of that Company ;
but he had found it necessary to do so in consequence
of certain aspersions thrown out against him at the
meeting in question ; and under any other circumstances
he should not certainly have recommended such a proceeding.
Could there, he would ask, be anything more inconclusive or
unsatisfactory than to allow parties to investigate the accounts,
those parties being the Directors that went out by rotation?
For his own part, he would much sooner leave it to the gentle-
men at present behind the table than to such a tribunal.
Why not, he would ask, appoint a committee
of five, and let them take the whole responsibility. In prin-
ciple, therefore, he begged to dissent from the proposition made
by his Hon. Friend. He had laboriously executed the duties
imposed upon him by the North Midland Railway, but he must
allow him to dissent from the proposition that had been made.
A PROPRIETOR said that he had travelled more than 100
miles to attend the present meeting, and he was anxious to ask
Mr. Brunel a few questions—First, he wished to know w hether
the account that had been put in for extraordinary expenses
was the preface to a demand at the next meeting for an increase
of capital, or whether Mr. Brunel remained of the same opinion
he had expressed at Bristol, that the capital of 6,300,e00/.
would not be exceeded by more than 50,0001.
Sir. Muse'. stated that he still entertained the opinion he
had expressed at the last meeting.—( Cheers.)
A PROPRIETOR also wished to know how much had been
borrowed upon the resolution which had been come to at the
last meeting.
Sir. SANDERS said that under that resolution they were
empowered to raise 300,0001., but the whole of that sum had
not been required, because, before it was all borrowed, other
sums would come back again to the Company. .
A PROPRIETOR said, that in the report the Directors ex-
pressed their regret that the Cheltenham branch had not suc-
ceed, das well as it had been hoped for. Now he wished to
know from the Secretary, whether he was aware of the high
charge made by the coach proprietors for the carriage of
pass, ngers.
Mr. SANDERS was quite aware of what the Hon. Proprietor
had alluded to. It was felt desirable by the Directors to induce
the coach proprietors to lower their fares, and he had been
sent down to them for that purpose. In September last he
got them to reduce their fares from 55. to 35., and at the end
of three months they produced their accounts to him, from the
in•pection of which, he was perfectly satisfied in his own mind
that they could not afford to carry on their coaching business in
a manner beneficial to the railway, unless they Were
permitted to charge 45., and that was the price they were now
charging. For his own part he thought, under the circum-
stances, that the present arrangement was the best that could
be adopted.
A PROPRIETOR observed that the Secretary stated at the
last meeting that it would be necessary to run snore trains. He
wished to know whether it would be necessary to continue them.
Mr. SAUNDERS entertained the same opinion he did in
February last. He formerly believed that the diminution of
the number of trains would be detrimental. to the Company,
It was necessary to maintain the number of trains they had
now for the summer. He thought they would have to add to
them.

AI3ROPRIETOR said, he was of a different opinion. He had
travelled a good deal on the railr.ad, and he often saw many of
the carriages empty.
Another• PROPRIETOR wished to know why the payment
of the diviClend should be delayed till the 24th of March. He
thought, as the London and Birmingham Railway had tel them
the example, the dividend should be paid at an earlier period.
The CHAIRMAN said that the preparation of the dividend
warrants occupied a fortnight or three weeks. In another year,
perhaps the better course would be to have the meeting earlier.
Mr. IlEvwoliTH, in allusion to the 20,0001. per annum,
about which so much had been said, wished to know whether
it was intended to let that accumulate to have 200,0001. in hand
at the end of ten years ?
The CHA I RM'A N—Such is our intention.

1.4
s ISr of
.rtahlils'grouie:Litnor'saisleitrew:xspillcos7(
alarmed at the s:!atenient of Mr. Tyrrel!, but felt considerablf
surprised at his conduct on the picent occasion.
id,endeli,inngsci,n,eas
aCsobuyrtnoofLiea.lleis
A II
rlto Rut, )
ANlnsa)rdy
rhr
eel i ,:vaass
had fallen C
H
Le the proprietor of only one share.—( Hisses and cries 0.1.
" Oh, oh.")
M. A Lsrroal wished to make a few observations resrectit
tthhea t more
gentlemansu surprised
happenedsed at
wb
what had fallen from him during the early part of the pre0,1..,
proceedings. The Chairman had told them that the plan Th..,
appointing auditors, which he (Mr. A.) had ecommended,lWA
lead to dispute and litigation. He (Mr. A.) need scarcely Scr
them that he differed from that opinion. He regretted that Y1_11..,
friend (Mr. Glynn), in alluding to the subject, had said that
,:,
Grand Juucticn was not so strict as the North
Railway.—( Hear, hear, and cries of " Question !”)
A PaorRIETOR wished to call the attention of the Proprietor!!:.:
and particularly the Chairman, to a clause in a Bill introduced
the Legislature for the Regulation of Railways. The clause refer;
to the building of bridges and viaducts over public and Psi°,
roads. He thought the expenses, intended by the clause On.;
borne in V a- respect by Raiir, ad lompanies,eould be pul,_;
°i,
more equitable footing, and he therefore trusted that the Cu'ute
man would use his influence with the Le g,i51at,..)
in obtaining what was just in that regard.—l„,,,.
Another point on which he wished to observe :40
the convenience of thirl-clas, passengers. The people "to
travelled in that class of carriages on railways had onlilock
train, appropriated to their use ; namely, ene at four ? these
in the mirning, and another at nine at night; and .tobt
were goods' trains too. Such a state of thing's I;its
in his mind, to be amended, particularly when ssld to
were first established it was thought that no persontibit
the community would be benefited so much by
ear
mode of conveyance as those who, from their circumstinu.to
would beobliged to t • avel in third class carriages. He '539 „qn'se
confident that the third class traffic had not been placed u 1)",.. bt
good a footing as it might have been. He believed that it r"ea
be made much more profitable to the Company • and 11°,00
thought that. that traffic should he improved for the sake °'
the°
class of the community, who would be most likely to avaa
selves of it.
The CHAIRMAN said, that when he made the obrst&ti
bscl
which had been referred to in the House of Commons, hee
only heard a summary statement of the Bill. He had sine 00
certained that it contained some unobjtetionable clauses•
erp.
of these was the unlimited control which it gave to the Go
mont, and the other, that which referred to the licensing ?dam.,
gine men. The B:11, however, was-now under the e°ll',.;
Lon of the general Committee on Railways, and he had
doubt, that the bill would undergo such alteration as would lid,
it satisfactory. With respect to another observation wh.itat"
falllen from the Hon. Proprietor, he thought there were vaT;tea.
jections to extending the traffic of the third-class Orr!' 0
One objection was the inconvenience and suffering wt
must entail upon those who travelled in open carriages, sod
rate of forty miles an hour. It would be necessary
them by slower trains, and, in order to do that, !bee
down fresh slidings, or the fast trains would not be able
upon the line.
Tai
A PROPRIETOR said that nn the North and York Al
Railway, as appeared by the last Report, the proPr"ca-
third-class passengers was as 102,546 to 720,400 of the se,sthit,
class, and 38,000 of the third-class—a pretty good pro of
in the north of England they did not fear the heaviness- •
wind in travelling.—(A laugh. )
The CHAIRMAN said the distance there was short.

A PROPRIETOR—Eight or ten miles.
A PROPRIETOR said, he thought it was not sufficient.-or
known to the public, that whilst by the London and /3_11:0,
ham Grand Junction Railway Dublin parcels were 61110
the rate of 12s. 6d. per hundred weight, by the Great w fit
Railway the charge was not more than half that silr 0,
thought that fact should be put prominently forward •••':
Company.
recis°'
The TREASURER said that he should be sorry to dePsoftlei(
their Railway ; he was afraid that the communication
for carriage to Dublin by the Great Western Rail •
present inferior to that by way of Liverpool.
The motion for the adoption of the Report .was
,
rdopted unanimously. 'ettl
111 r. llEvwomni then moved—. That the art angera 00
tween the Bristol and Exeter Railway Company, up rt, 0. •
terms and conditions set forth in the Directors Ref

and it is hereby sanctioned by this resolution."
6100,
Mr. VOUSLEY seconded the resolution, which was pa's •
nirnously. dr
Mr. ALSTON moved that a dividend of 3 per cent' be,;ble°
- asy.

dared for the half year to the 31st of December-,1841,1)eP
the Proprietors of all the shares of this Company, reglto
the close of the books, in proportion to the sum- called 71;t414
each share respectively. That the said dividend be paid
bankers of the Company, on and after the 24th of Marc tor
Mr. Voustey having seconded the motion, it wag Put ''"'s
meeting and carried. boa'
The CHAIRMAN said they calculated what they t .*:,„
would repay the price they had expended.
1J beft
IV
It was proposed that the following gentlemen OWn- „oil i
appointed Directors, Robert. Frederick Gower,_ Thei)t,":;'
Guppy, William Singer Jacques, and George Low, ~,,
and they were accordingly unanimously reappointed. •
tilt{ r
An Hots. PROPRIETOR said he did not think it le°,'oo;
right to separate without the meeting giving exPr"'il,
~',
their approbation of the general con luct of the Chaire)!,,,;•..'o
the explicit manner in which he answered all the quesn'";,,b!
The CHAIRMAN returned thanks for the manner it' ' i
the proposition was received by the meeting. liir ila
11.1 r. CLEA Say rose to propose a vote of thanks to ,e 01,,,,.
nel, as a testimony to the high professional skill rends ',t4
.;•,:' 1
Mr. Brunel to the Company since its formation.
Mr. RusxEnn seconded the resolution. if* l'
Mr. IlErwowrx suggested that it would better to sca'6`- 11'
' 90
the next half-yearly meeting.
The CHAIRMAN said that it was the intention of tb.:te-0,1
rectors to propose a vote of thanks to Mr. ...ei, I,te
considered it would be more gratifying to his feeling:
seeded from the body of the Proprietors. They (t!ebli.
tors) bad always an opportunity of witnessing the MI , A ,
title attainments and earnest and unremitted attentle bur
which he applied the energies of his mind to thee bur
ness of the Proprieters.—( Hear, hear, hear.) 1,113 6:
ne,sed the untiring devotion and unalterable 2,,.,„'"cui" '
ttT:heewy,.;hrkaetna
et, hwi en
his
eibsgerliteye straightforward
ti o 1 i
personal
r stohnealinc manlinessot endeusotent o.
allf_ i(ohiejeceia:7l,lo.o.oA.
is)
li
If the vote came from the Directors, it would proeer"ie.,.;
the formal way of business, but •as a tcstimonY „rig-
result of their own observation, and their Or NO;
of tin it honest conviction of their attachment t9t,-,,g.,, ,
He should be expressing the opinion of all his CO'll,tri i
cordially concurring with the resolution which he D OP '"
posed; and on an cceasion like this, when they weifillat
i
first ti,i e, viewing the great and prosperous results of iii ',.
pendous elite prise which his exertions had broth'
,1 't
a iuecessful close ; and he did hope that
..„'
would not have been one person in this 41.7,
hu- would have cordially responded to the appeal that'
made to them.--( Cheers.) He was sure that the genel
nion of the Proprietors would be in concurrence
resolution.- . sft '_!

..
Mr. VousnEr, amid loud cries of ~ Questtien'el
with reference to the wish expressed by Mr. °tie, .
that Mr. Brunel should defer the resolution till
scti
half-yearly meeting, the whole line of road We Pp
open from London to Bristol, and he thought the as
had arrived, when Mr. Brunel should reel
,rows
thanks of the Proprietors. No man had laboured undeTeslo
disadvantages than Mr. Brunel, or had been more c.rciteeseri
by the public papers. In alluding to his plan of the nap it..
Mr. V. observed, that every railroad in the king"-
wished that they had adopted it. tte g
The CHAIRMAN said it was due to Mr. Brunel tort Oi 1
he was utterly ignorant of its being the intention of any j
Proprietors to move this resolution. or' a ,s
The resolution was then put from the Chair, 05 '4O
unanimously.
4„.0V
Mr. I. K. BRUNEL said if lie was really unable *" prfd
at all, still less to express properly, his e5O,
si
feelings, lie would not make the ordingrYbio .
that he had been taken by surprise, after the fact w Ail
been tated by the Chairman, that he had no idea thuLft4ol
honour had been intended him.. He would not re
friend Mr. Heyworth, though he had certainly, to 7 PPeA
tree, damped the pleasure he should otherwise hiii!lia.io
the present occasion. Perhaps it was only because liorle4l.
feel it to be such an honour as he (Mr. Brunel) did,...110:00
not suppose that he intended to refuse the efiTis Sniff
though it would have been more complete had it had -cceripif
as well as that of the others. He ii gged them to a ,ff
sincere thanks ; his services might really have beetee'ol,
to them, and he could assure them that they had, e*
tiered with a perfect and entire yielding of his ithe'eh-oleA4
and his whole mind to them. He had devoted his W derneo
and body to them for the whole eight years the ono or,l
had been in progress; and though there might be a
is.be,,r4o
that some expenses might have been avoided, yet' aeo 'in' ,
iacieased expenditure had been necessary, it had l'" #
from him with the greatest reluctance.
bath',
Mr. HEywortna begged to assure Mr. Brunel t ad 0.
not mean to throw a damp over his feelings of just Veusfoot
flan upon that occasion. 1 here might have been ea") )JO 00
curred by Mr. Brunel, of which he ( Nlr. Heywort4oo
ir
see the necessity, but he still thought that that gentle, bat . ,
executed the great work in a manner which could n° Of
dound to his own glory.
04
't el it)
The CHAIRMAN then informed the meeting that ',pi 0,
intention of the friends of Mr. Brunel to present bi: 9th
pi, cc of plate, in acknowledgment .of their sense of h
se,
to the Company. The subscriptions for the piali°the _ •i-'"
not exceed ten guineas, and he would lay a paper ou ,00
in which subscribers might insert their names. - ncl se::
ihe paper w:..s accordingly laid upon the tables 1,1.100.
gentlemen catered their names as subscribers to the
00e,
A vote of thanks was then passed to the DireetersseAssii, i
liti
which the Chairan acknowledged, and the meeting ? ,
,11
..1

BFivi,..
irr:
}l;;;l:l::';.:4:Vp.t.v:',.e.::
Ct).IIN A VERA (1.105 • t0i.0,1
Aik267:::::
eiAL:50:::111.11:(:F:ii
)1
et,(it:AL)ay.,,Gvtt:5e81:,......................................................
781,1:c10aa1m;1,8..,.14.:7.-:;:g0i41.19:,,i,
the Inspector 4 in the diffiirent Cities and •Towais DI ''' ,10,'
. .59!, tlo
w„,k
ending
OF THE LAST sl'l WEN". S; 14:1
g VvH CAT. RARLEV.I OATS. i RYE.
............../°"l4
----------—°-------..- 1 .------.-. .4 I 1 A
Jan. 14 ...... ... t. 2 5 29 1 t.O 4140 11 gq- ' 9 f•yl
)
, ,:i ' V'i
:8 69 7i 28 3 20 11 37 4, , .."3 4 011
Eeb. 4 6O 6 25 5 20 1' 36 I , 4,, 9 0 '
11
~
18
IMFEHIAI. AooREGATE AVERAGES OF` TOT( •-- . :94' if
... , .
...,..
W;leat CO.. la~ i Oats ,
Itarkey..„„,,, 28s. 6 i, I Rye
• DUTIES 014 FOREIGN CoRIV•
Wheat '6l 80.1 Oats
13arle-, l9s, 10d, i nye
-
_. ,-,-or OA. • 4
THE MARKETS.—( V E
-, S Tr,- he
COLONIAL MARKET-
were
t.'
There was little business done; but holders wer,. ,
imports were fair, and many ships are near at balm
1,.50/1
it
26,34. N:i
ri1te,ia5ii:..................139,3",:i.
;$4:7; 1
TEA . both sigc
'The public sales went off at fuIIMARKET b
rates, for
Grcen sor.s. Company's Congou Is. IN-d. con. . ,
'
10‘41
TALLOW MARKET.
MARKET.
aLfair de_r,a,natindlitio°l
th
eTshpeGtA,l aartk4ests. was3d
.fi Tel;
cwt.
theFo
r del
idemandver
yginiot good r Son Fear:
orOgf
The price of Rum was IfiTin'li,lAvir-titt
Lcewat ds, 2s. Id., fine Jamaica, ss. 10d. to 6s• 2d., sal,f; J.
East lndia, Is. I Id. per gz lion. Brandy ds lid, t0."9,i0p,
prices declining. Geneva in fair demand 0 1,.,.
ner gat
per galon. Coin Spirits in slow requtst at 9s. slu i

Mr. HeywortTra wished to know what was the object of it.
What were they to do with that 200,000/. it all their engines
were kept up so that after the expiration of 10 years they
should be in the same state that they were at present ? That
200,0001. would be of as little use then as it was now. He
wanted to know of what use that 200,000/. would be?
The SECRETARY would, at the desire of the Directors, ex-
plain to the meeting their views on the subject. Although it
was their intention to keep up their locomotive plant during
the ten years, it should be recollected that many circum-
stances might occur to depreciate the first cost. There
might, for instance, be introduced various improvements
in locomotive engines, so that the Directors would not be
justified in retaining on their capital account, the whole ex-
pense o't heir locomotive plant. If, therefore, they secured a
fund of 200,0001., that which had originally cost the Company
550,000/., would, at the expiration of ten years, have ac-
tually cost them only 300,000/. (Hear.) 'the Directors
agreed that the valuation of the engines would be a proper step
to take, net every half year, but that if after the lapse of three
years a new valuation should be requisite, then it would be
proper to make it, and if it should then be found that 20,000/.
a-year was insufficient then 25,000/. a•vear might be set
apart. Whatever sum was set apart should be set apart so as
to ride over a large space of time, and so as to prevent their
dividends from suffering an arbitrary depreciation. The ado.p_
tion of that principle was sanctioned by high authority—the
authority of the Grand Junction Railway Company. That
Company had adopted a similar plan ha'f a year ago.
A I'ItOPRIETOR said he felt much obliged to the Secretary
for the explicit manner in which he made all explanations re-
quired of him. He also felt perfectly satisfied with his conduct.
With respect to the 200,000/. proposed to be retained as a' fund
for the next ten years to meet any experbes incident to the
Company, in the repair of engines, &c., he must confess he did
not comprehend it. I here might be other reasons for a sur-
plus fund, but he could not understand those alleged.
After a few words in explanation from the CHAIRMAN,
Mr. TYRRELL said that there was no item for the liabilities
of the Company. He was surprised at such being the case, as
he was aware, from hearing the solicitor of Mr. M'lntosh, one
of the chief contractors with the Company, that that Gentle-
man had a claim of 250,0001. on the Company, and the amount
of claims of other aantractors added to the former would,
he had reason to know, make the entire amount of
iabilities Of the Company to contractors above 500,00 a
He made that assertion that they might know what claims
were upon them, particularly as he had already mentioned
there was no item of that nature given in the Report.
The SECRETARY begged to interrupt the Hon. Proprietor.,
The Company were perfectly aware of all claims upon it, and
were perfectly competent to test the validity of their claims.
He trusted the lion. Proprietor would not press the diseuE;;

•
Zr.,&tiai%tit
kit th4te It
:tve qm
411,12
t'estoi2#e tc
• deT,:t
Ittaf !ed by I,
• 2!' rtm,
th;it'cePt
Rnota
ittl/4;talhle, i
Piwet6yr6Ur
h Viet
• a* 46e
.1/4! that .t 4
e
in 4:
, leatAtZie
.f.k,%- 'that I:Q'
attile"lr. ti
,tht talc
to_ ?otter se
141 _?it
I.nteC4l,4l)U.
me
tsl6l-7 etc°,
, ittuce
r Oti

- ----"- - - :r4 S'
SILVER PLATED CORNER pl°j. 011°-
T. CO X SAVORY , Manufacturin Silversmith, No. 47v bot)
hilt, London (Seven doors from Grt.rcechrach-street), slaps(
the prices of the followinev atterns of strongly Plated '1 for
Dishes, with silver handles') and edges, and silver sbiel"-
engraving the crest or coat of arms:— 0
Four Strongly
plate,ThceorGneadrrpooinshPesaatntedrnc.oves... 4.10 10
Four Extra Strongly Plated Corner Dishes and 12 1,
Covers .......... ........ ... ..............................
The Flower Pattern.
,s, 0
Four Extra Strongly Plated Corner Dishes and 3 Pis,st
Covers ............... . . .................. '
dies,l 1"-
N.B. The covers a're...m...a.d. .... ;v.i.th moveable han s°,,AtO
they form extra dishes. Drawings of the above forwar°
a:222102 Great itta2lc:2:22,2ostage fl oe;
Wlso ,0
London: Printed and Published by MURDO •—• (4,1
No. 112 , Strand, at The Sun Office, No. 112,
the County of Middlesex, Friday, February 25, }AO'

Just
tilitt:lllZ4
es. vg QV;
°W.?. Pi