The Sun.
London, England, 1845-09-13 00:00:00

RAILWAY INTELLIGENCE.

EASTERN UNION.-IPSWICH AND BURY ST.
EDMUND'S.

IPSWICH, FRIDAY.—The first ordinary meeting of this Company
was held at their offices, Brook.street, Ipswich, this day, at one
o'clock, for the disposal of the general business of the Company ;
after which, the meeting was made special, for the purpose of in.
creasing the number of Directors named in the Act of Incorpora.
Lion to fifteen, and also to apply to Parliament next session far
powers to make a line to Norwich, diverging near Stowmarket,
and for another to join the Northern and Eastern line near
Cambridge.

Mr. John Chevalier Cobbold, Chairman of the Board of DI
rectors, having taken the chair, _ _

The SECRETARY (Mr. Saunders) read the report, which stated,
amongst other matters, that they had much pleasure in announcing
that Parliament has sanctioned so much of the undertaking, to
which they had subscribed, as lies between Ipswich and Bury
St. Edmund's ; the residue was postponed until next session.
That it was a source of great congratulation to them, that in
announcing the success of thus much of a railroad into Suf-
folk, the Directors could fairly treat of it as the commence..
ment only of a much more comprehensive scheme. Knowing the
sentiments entertained by the proprietary, the Directors are pro-
ceeding to acquire the further necessary powers for extending the
line to Norwich from Stowmarket, as originally intended. The pe.
cuniary resources are already secured. With the deposit already
paid, the Directors would be enabled to comply with the standing
orders of Parliament, without a further call for that purpose. Of
the large balance on hand, the Directors had invested at interest
34,5001. That the Directors had given their best attention to the
proposals of another Company which would make a line from
Ipswich to Yarmouth nearer to the coast ; but they could not be-
lieve it would remunerate its projectors, and declined to be engaged
in supporting it. " The last scheme of extension to which your
Directors beg your attention is the connecting link between Bury
St. Edmund's and Cambridge. It is deemed by them of great
importance to the interests of the county, and likely to be
productive both of trading advantages to the towns it em.
braces, and of a large increase of revenue to the lines of
this company, reaching as they do the ports of England most
favourably situated for continental intercourse. Already lines
are projected, with every prospect of being successfully carried for-
ward, from Cambridge to Oxford, and from Cambridge to Worces.
ter, in direct extension of communication with yourprojected Cam-
bridge line."

The receipts and expenditure were next read, by which it ap-
peared that the funds of the company were in a very prosperous
state, and left a balance of 39,600/. on hand.

The Cimatdari then congratulated the shareholders upon the
fact that they had received no opposition whatever from the land.
owners along the line, although it proposed to pass through the
beautiful estates of Sir William Mydleton, Mr. William Gurden,
Sir P. Brook, Lord Ashburton, &c. ; and he was also glad Ito say
that they had got a site for their station at Ipswich, free of ex.
pense, from the Corporation.

Resolutions founded on the report were also agreed to.

GOOLE, DONCASTER, SHEFFIELD, AND MANCHESTER.
Yesterday, the first general meeting of the Proprietors was held
at the Guildhall Coffee-house, Mr. NV. G. Thompson in the chair.
There was a numerous attendance of Proprietors.
The report of the Directors, read by the Company's solicitor,
after alluding to the various features of the line, as proposed in the
last session, and to the recommendation of the Commons' Com-
mittee, that it be postponed until next session, concluded as fol.
lows:—" There were 17,324 original shares issued, and that, after
defraying all expenses attending the proceedings, there will remain
a sum of about 8,0001. in hand; and as the capital, as originally
estimated for the line, was 635,0001., the Committee propose to
raise that amount on 31,750 shares of 201. each, instead of 25,400
shares of 251. each., and they recommend the following arrangement :
That upon the 17,324 original shares issued, a further sum of It. 10s.
be paid by the holders of the scrip, and that such holder be entitled
to one new share for every four old ones hell by him, upon the
payment of 21. 2s. each upon such new share, which will produce
64,2001. Os., a sum ample to meet the standing orders of Parlia.
ment, and will leave about 10,000 shares for landowners and others
interested."

The CHAIRMAN said, so satisfied were the Committee of the
Commons of the traffic case shown by the Goole and Doncaster
line, that the evidence of the first witnesses was enough to suffice;
the Chairman remarking that, however good their case might be,
the Committee could not come to a decision until the lines in group
X were adjudged. This the Directors looked upon as unjust.
They had been opposed in Parliament by none so vigorously as the
river Don Navigation. It was only natural for such a great mono-
poly to oppose them, seeing that the Goole and Doncaster would
interfere with their enormous profits, which might be radily esti-
mated, when he told them that they' divided 1201. on every 100/.
share, besides leaving a surplus, and being in the receipt of 34,0001.
per annum. Their shares, which were worth 3,000/. when the
Doncaster and Goole line started, were now worth 2,400/. Over-
tures had been made from other Companies to the Goole and Don-
caster, and they would be able, he believed, to make their own
terms in a fortnight. The traffic returns, which they had taken
between Goole and Doncaster, showed a revenue of 53,3731.
per annum. The line could be made for 160,0001., and the re.
turn upon outlay showed 25 per cent., without extending to Man.
Chester.

It was proposed by Mr. Wargen, seconded by Mr. Mocatta, and
carried, that the Directors be empowered to re-apply to Parlia-
ment to make the line, to extend it, and make deviaticns, with a
branch from Thorne to join the Great Grimsby line at Brigg.

The following gentlemen were then confirmed in their office as
Provisional Committee, on the motion of Mr. Laing, and seconded
by Mr. 'Thornton :—Hon. F. H. Berkeley, M.P., Major Adair,
Messrs. Downes, Wheat, Bird, Drain, Johnson, Heath, Dalmume,
Wilson, Thompson, Hall, and Burge.
After some discussion a resolution was passed, permitting any
shareholder to retire on the payment of such amount as the Corn.
mlttee might find him entitled to, on account of discharge of de-
posit money.

A SPECIAL TRAIN.—Mr. T. Cook, Secretary of the Leicester
Temperance Society, arranged with the Midland Company for a
special train on Wednesday, to Derby, at the low rate of Is. for
adults, and 6d. for children, there and back. It was primarily in-
tended for Sunday-schools, but open to the public ; and so nume-
rous were the applications for tickets, that it was found necessary
on Tuesday to arrange for another train yesterday. Though
Wednesday was the first day of the races, no fewer than 4,300 (of
whom 1,700 were adults) presented themselves at the station. The
train was divided into three parts, and the party returned safely,
delighted with their excursion.