The Sun.
London, England, 1845-09-25 00:00:00

pany, he had no doubt but that at their next meeting he would
Le enabled to congratulate them upon that matter having been
brought to a satisfactory conclusion. The only terms upon
which the Liverpool and Great Grimsby people would join
them, were what they called terms of perfect equality,
but these terms would be found fair and reasonable.
when they came to consider the expense of their line as compared
to the cheapness of the other. The East Lincoln Company was as
yet only a project, to be brought before Parliament next year; but
they too could, if they chose, join this Cumpany. The meeting
would not to.day be called upon to come to a vote upon the pro-
posed terms of amalgamation, but they would be read, and the
Shareholders would be afforded sufficient time to consider them
fully. With respect to the River Don Company, he had their
permission to say that they would in a very short time state the
terms in which they would ask the aid of this Company. The
Barnsley Junction line, he trusted, would be persevered in, for it
was lost last year, not on its merits, but on a point of form. Mr.
Hudson said, at a late meeting, that the line was a most important
one, and if no company could be got to make it, he would. He
concluded by moving the adoption of the report.
A short discussion followed, on some matters of figures, after
which the report was adopted, and the usual votes of thanks
having been passed, the meeting separated at four o'clock, having
sat three hours.

The following are the resolutions to which the Chairman alluded
in his speech as these which would be proposed or read, containing
the terms on which the amalgamation was to take place. First,
that the Sheffield and Manchester, Great Grimsby and Sheffield, and
the Sheffield and Lincolnshire Companies, be amalgamated.
Secondly, that presuming it to be the intention of the Great
Grimsby Dock Company to amalgamate with the Great Grimsby
and the Sheffield Railway Company, it is proposed to include the
Dock Company in the amalgamation. Thirdly, that the parties
present recommend that the East Lincolnshire Company be also
subsequently included in the amalgamation, if that company
should obtain their Act in the next session, and coincide in
such measure. Fourthly, that the amalgamation company be
taken at par, and all liabilities be paid its full. Fifth, that in
lieu of dividend, interest at the rate of four per cent. be allowed
upon the capital to the Shareholders of the different companies
amalgamating with the Sheffield and Manchester Company, upon
the amounts paid up by them, until the opening of the Great
Grimsby and Sheffield and Sheffield and Lincolnshire lines through-
out. Sixth, that during the payment of the 51. per cent., the in-
come arising from the partial opening of each of the lines be placed
to the credit of capital. Seventh, that until the opening of the
Great Grimsby and Sheffield, and Sheffield and Lincolnshire lines,
the income arising from the Sheffield and Manchester line be
divided amongst the Proprietors of that Company. Eighth, that
the capital of the Leeds and Wakefield and Pontefract and Goole
Companies for the purchase of the land for the branches to
Banter and Caistor, and for shortening the line to Barnsley
and Welby, belong only to the Proprietors of the Great Grimsby
and Sheffield Company, and that all future issue of stocks by any
of the amalgamating Companies be appropriated to the Share-
holders of the amalgamated Companies pro rata. Ninth, that
until the Act for amalgamation be obtained, each Company con-
duct its awn affairs, and that after the amalgamation the Directors
consist of fourteen in the first instance ; that eight shall be ap-
pointed by the Sheffield and Manchester Company, two by the
Sheffield and Lincoln, and four by the Great Grimsby Company,
and that its the introduction of the Dock Company into the amal-
gamation, they shall have power to appoint two Directors, thus in-
creasing the number to sixteen. Tenth, that the Chairman of the
Company be an acting member, with power to re-assemble the de-
putation when he should think fit.