The Sun.
London, England, 1842-08-06 00:00:00

._ewiththe holder of 45 shares, bas not been, carried into effect, in.
si
qiiene'enf hie harikruptcy,'and these-shares are at the ills-
ren.7.l,_of . the Company. In all other respects the number of
i'i•ered shares remains the same as at the last meeting.
theZ 'Directors have raised by loan notes, under the seal of
PoeralmPany, the suns of 300,000/. as authorised by the last
meeting, and it is their intention to apply, in the next
t.in of Parliament, for an Act to confirm this loan, it hay-
ingeen impossible, under the Standing Orders, to do so in the
prew
numberlt t session. In this Act it is also proposed to reduce the
ti,_ Course
of Directors to twelve, 'and a copy of the Bill will, in
" The be submitted for the approval of the Shareholders.
an
probability station at London-bridge is progressing. rapidly, and in
will be completed in the course of the present
; at least, so far as to enable the traffic of the three Corn.
Panics now using it to be conducted, more conveniently and
notnically.
thC/Itbe-19th of May last, the Directors received notice from
e 0,. Knuth Eastern Railway Company of their intention to pay,
the 19th of July, the purchase-money for that portion of the
,:!Oton Railway which they are autharised to take, and re-
,11._1,,,0g a statement of the accounts to be delivered to them, as
ided hy the Act of Parliament. These accouLts (with the
taxicneption of a few items which cannot yet be accurately steer-
ka.,e_d) amounting to 327,%34/. 15s. 2d., were accordingly
th_u! out as expeditiously as possible, and were furnished on
el6th of July to the South Eastern Company.
h rursuance of the Act of Parliament, the above amount
r.,'s been invested in the sum of 357,410/. 103. 8d , Three per
Consolidated Bank Annuities, in the names of Joseph
",,nxendale, William Wilson, John Harman, and John Cattley,
c.stiuires.
!trrangements are being made by the Surveyor to the Corn-
13' for the re-sale of the surplus lands, which will be com-
eted without delay ; and the Directors are happy to state,
tile, as far as settlements have been made for land taken for
Iporary purposes, they have been very satisfactory,
fit concluding this Report, the Directors, reviewing the dif-
ulties with which they hays had to contend, and which have
t!obably been greater than those on any other railway in the
s,linsfid°ros and the efforts they have made to carry out the
s expressed again and again by the Proprietors, by press-
t,4 forward the works, and thereby opening the entire line at
tl earliest possible period—feel confident of the approbation of
return Proprietors, who will have the benefit of a much earlier
f,..`u_lrrt for the investment, than could have been anticipated.
at" e can be no doubt that if the works were to be recon-
Zted and more time allowed for their execution, consider-
e saving might be effected ; but this remark will apply to
hlerY undertaking of equal magnitu•
The Directo believe,
tt7ever, that there is no instance on . record, 'wherers works of
' saute extent as-those on the Brighton Railway have been
treuted in so short a space of time, or nearer:the estimated cost.
L their purchases of land, they have uniformly endeavoured to
iltect the interests of the Shareholders ; in every case where
the demands were exorbitant, and such as ought not to be sub-
!flitted to, the purchase was either left to a reference or to a
tirY•
Justify The court the fullest inquiry, well aware that they can
that '•iy every payment that they have made, but they doubt not
th the reflections which have been attempted to be cast upon
he;Proceedings will be entirely removed on the perusal of this
,urt• The traffic on the line is steadily increasing • the
ti7K of the Company is in good order ; the money arising'frorn
r purchase of the South Eastern Company will be at the dis-
Zi of this Company, when the accounts are finally settled ;
p • railway is in excellent condition, and nothing can be more
rarnising than the prospects of the undertaking.
A resolution will be submitted to the meeting for the ap-
ntruent of Auditors.
(Signed) JOHN HARMAN, Chairman.
,Landon,
Ist August, 1842.
ire following is a copy of the Report of the Engineer
THE DIRECTORS OF THE LONDON AND BRIGHTON
RAILWAY.
hiItETLEKEN.—Since my last half-yearly Report, I have
gradually completing those contract and extra works that
Pry
of the most immediate importance, which have been of a
", tedious nature, and such as I could not allow to to be gone
04
with in the first months of the year, as neither the weather
ears the season were propitious for such undertakings, and this
the in a great measure prevented the closing of the contracts on
middle district of the line.
The works at the present time are in the most satisfactory
.:7,.although in the commencement of the year there were
tZatonal slips in some of the embankments, which required
15tant attention.
The cuttings, generally speaking, have stood well; there
14._
been some few slips in them, but nothing of importance,
as the slopes have been well drained, it will secure them
trna the penetration of wet. The first thirteen miles of the
e are in the most perfect and permanent condition. There
ly,n°thiog for me to direct your attention to till the Earl's
early
embankment, where some settlements took place in the
Y Part of the year; but by great perseverance and con-
have attention the line was kept in a working condition.
now given orders for the trimming and footing the slopes,
the weather is very favourable for that operation, so as to
reduce them to a uniform inclination, which will secure the
embankments from all future danger.
the
,'ese emarks apply equally to the.embankment adjoining
a.lforrd viaduct.
From thence to the deep cutting at Kemp's Farm, a distance
,f
,Veven miles, the road is in the most perfect ordsr.
i
ti_rmbe slip that took place on the embankment near Kemp's
has had my constant attention, and from having it effec-
tually
three months'
the foundation has become so consolidated, that
after
months' observation. I have not perceived any set-
tiLeen! n it. The remainder of the line to Brighton is in
b
possible order.
Purithe last half-year there have been some slips inthis
part of C
have the line that have been effectually been made up, and
ensee,vry reason to believe that nothing but the ordinary
oxp
the line. maintenance will: be required on this portion of
The who
le
of the tunnels and tunnel-shafts are in the very
best order.
Att
nowphes comleted.
The stations on the line the works necessary for traffic are
to h
nearlyP"se,,ger-slieds Ha ward's Heath have been taken
401;
n and converted into warehouses for goods, and carriage-
4da for the different stations.
From what I have stated, you will perceive that there remains
,cry little to complete every part of the works on the line, and
,
the exception of the Earl's-wood embankment, the Salford
tliaduct embankment, and the embankment at Kemp's-farm,
i
whole of the railway in the most complete order, and per-
:etient state of repair ; and as every convenience will have
Provided for when the works now in course of completion
for the stations are finished, no further outlay will be required.
The works at the Joint Station at London-bridge are making
tras Progress, and will be in a condition to receive part of the
lief- 4
the Jew months, and I hope the whole will be finished
re end of the year.
concluding my Report, I need hardly draw your attention
4 t,-'" fhaveact thbeenat whenfinished, tne fewthe works ton andat 1 hal3l i,.!litanmi !tail-
say enueratel-
d
1„",
,'Y will be found to be in a more complete and efficientv condi-
-11 than any railway in the kingdom.
"W advise you to advertise the maintaining of the Railway
fora terra of years, and it gives me great pleasure to inform
tos that from offers that have been made to me, I have no
doubt that it will be let at a price, per mile, far below that for
"Y Other railway in the kingdom.
I am, Gentlemen, your most obedient servant,
Landon, July 25, 1842. JOHN U. RASTRICK.
tgeneral abstract of the receipts and payments to
ge 30th of June, 1842, was then read, from which it ap-
teared that there was a balance in the hands of the
(3mpo,ny of 37,009/. 14s.
The CHAIRMAN then proposed that the Report just
read be. received, adopted, and printed for circulation
klaongst the Shareholders.
Mr..PAßsceis objected to the Report,,but he would not
Alit the question to a division.
Mr. MAYNE said he had put a number of questions on
Paper for the purpose of asking the Chait man, and, with
he permission of the meeting, he would read them.
'he principal questions the Hon. Gentleman read were
! ! follow :—With respect to the surplus land, amounting
V. about 60,0001., was it to be sold by public auction ?
4, a portion of it been sold ? If so, in what way,
Iton to whom ? Were two houses at the station at Croy-
don disposed of by private contract ? Have all the re-
ceipts been transmitted to the head office from along the
line ? Have all the moneys paid to the Company been
"aid into the bank—if not, to whom were they paid ?
ire all the receipts forthcoming ? If not, why not ?
"-he Committee appointed to investigate the accounts res
Ported that proper precaution had not been taken.
net precautionary measures were meant ? Have the
IQgal expenses been 40,0001. ? What amount remains due
to the solicitors in London and Brighton ? Did not the
Chairman inform the Shareholders in 1839, that, the ex-
Penses would but very little exceed the estimate? Why
did the engineer suffer persons to work day-work instead
of piece-work, whereby one person who was before in-
-41 Vent, made a fortune of 25,0001.? I allude to contract
...twelve and thirteen. Has the sum taken away by Mr.
wood been precisely ascertained ? How did he get that
rum in his possession ? Did not Mr. Wood forward a
letter to one of the. Directors on the day of his departure,
Stating that if he was pursued he should make disclosures
'rkittrious to the Directors ? If there was such a letter,
what became of it, and was it 'submitted to the Board ?
Is the Chairman a Director or Chairman of.any other
speculative concern ? Does the present Secretary re-
(vive the whole of his salary, or does part of
ne)
it go to one
of the Directors ? These questions, he (Mr. May
thujight ought to be answered for the good of the
Company'.
The CHAIRMAN regretted that lie had not had notice
of the questions a day or two previous, but he would
the best in his power to answer them. He was extremely
Cle4t that they had been put.
st. MATNE said that he should have sent the ques-
t';tions to the Directors, but that they had been for some
,time before u print.
"r Itlr. L. HAYWA.UTII thought the questions ought not
to be answered.
• The CHAIRMAN said he would take upon himself the
---4 t 0)11 tof answering the questions. In answer to
esPolle- Y the surplus land, it would be sold
,_he question r electing
first been offered to the sur-
°Y public auction, having
• unding proprietora, as directed by the Act. The two
were exchanged to his (the Chair-
houses at Croydon
• Plan's) father for some property, but he appealed to any
tie if his father had not been a loser by the exchange,
4. would gladly give up
L the houses. When the sub-
'''Aeet was before the Board, he (the Chairman)
took no part in it, but retired.—(Cheers.) He never in-
terf'ere'd in any shape or way at all.—(Cheers.) All the
receipts ):'ere transmitted to the head office from along
• the line. All the money received for the Company was
Paid into the beilis with the exception of 5001., which the
late secretary receiVthe knowledge of
et from his daughter for a debenture.
• The money was paid to him without h
the Directors, therefore, it did not findfoirttshwcoaniyiiigit.oltlee
• banker's books. All the receipts were _
• Proper precaution alluded to by the Com. mittee, was the
Want of precaution in not obtaining security Irons the late
secretary, which the Directors admittod. 'The legal ex-
' Penses for the last three years had ebably amounted
•to 40,0001, The amount due to thPerLoucion solicitor
was about 1,000/., and to the one in Brighton about
2,0001. The engineer would answer the question re
specting the day work.
r.RASTRICK said that, at the time alluded to, they_
▪ were obliged to do day work, owing to the Slipping ,(?!
M R
.e.: the embankments, and, if they bad not done so,
the rare
Way would not have been open now. So far from t
contractor having made 25,0001, he (Mr. Rastrick) had
reason to believe that he had lost money.
•.• The CHAIRMAN continued—The sum taken by gr.
ttr, Wood was 1,599/. 13s. 2d. The way he got that sum
.1 , Into his possession was by checks. When cheeks were
04,, signed by the Directors, of course they went through
the hands of the Secretary to the payment of the
"'t.- accounts. Mr. Wood forwarded a letter to him (the
Chairman) certainly, containing threats, as was very
'natural, to prevent his being pursued. He (the Chair-
*flan) read that letter to the Board, and every exertion
INES made to apprehend Wood. Forester was sent down
Pr
tsmouth, and orlered to use every exertion. He
(theo Chairman) had heard that Wood had gone to

Baden-Baden,.but whether it was true- he did not-know.
He (the Chairman) was the DeputyfrChairman of a
Licensed Victualler's Assurance Company, and he was
a member of the Bank of Ireland, and he did not see
why he should not have the right orbeing a member
of as many Companies as he thought proper.—(Hear,
hear.) The Secretary certainly received the whole of
his salary himself, and what he did with it, he (the
Chairinan) did not know. All he could say was he did
not pay any of it to him, although he supposed the
question was intended to imply that such was the case.
He had now answered all the questions.
A long and angry discussion here ensued of an ex-
tremely personal character, the 'publication of which
would subject us an action. The Report was then adopted
and ordered to Le printed and circulated amongst the
shareholders.
Mr. LEVY.—I wish you would say something about
the dividend.—(A laugh.) I move Mr. Chairman that
you give us all you can.—(Laughter.)
The CHAIRMAN said, if they declared a dividend of
15s. they would have to charge the next half year's ac-
count with the interest becoming due on the 15th of
July, but if they determined on 10s. no one could find
fault with the accounts, as the interest would be charged
to the traffic account.
Mr. LEVY proposed a 10s. dividend.
A PROPRIETOR proposed 15s. A vote was then taken,
and a dividend declared of 10s. the share, the original
motion having been carried by 40 to 37.
A vote of thanks was then passed to the Chairman and
Directors, and the meeting separated at Six o'clock..

IMPERIAL PARLIAMENT.

HOUSE OP LORDS, August 5.
Their Lordships met at a Quarter to Five o'clock.
ROYAL ASSENT.
The Royal Assent was given by Commission to the
Stamp Duties Assimilation Bid, the Assessed Taxes
Bill, the Lunacy Bill, the Exchequer Offices Abolition
Bill, the Australian Bill, the Grand Jury 'Presentment
(Ireland) Bill, the Drainage (Ireland) Bill, the Game
Certificate (Ireland) Bill, and several other private Bills.
The Commissioners were the Lord Chancellor, the
Archbishop of Canterbury, and the Duke of Buccleuch.
The liimitation of Actions Bill was read a third time
and passed.
The Earl Of RIPON and Lord WHARNCLIFFE presented
petitions in favour of the Copyright of Designs Bill.
The LORD CHANCELLOR gave notice that he
would, on Monday, move the second reading of the Irish
Marriage Bill.
The Copyright of Designs Bill was read a second
time, and ordered to be committed.
The Colonial Passengers Bill was read a third time.
and passed.
The Double Costs Bill was read a third time .and
passed.
The Slavery East Indies Bill was real a second time,
and ordered to be committed.
BRIBERY AT ELECTIONS BILL.
Lord CAMPBELL moved the second reading of the
Bribery at Elections Bill.
Lord BROUGHAM supported the Bill.. He ex-
pressed a hope that the House of Commons would divest
itself of the privilege of deciding contested elections, as
there was an indelible impression abroad that they did
not decide impartially in such cases.
Lord CAMPBELL rejoiced that the Bill received the
support of his Noble and Learned Friend.
The Bill was then read a second time, and ordered to
be committed on Monday next.
The Parish Constables Bill was read a third time and
passed.
The House then adjourned till to-morrow at two
oclock.

HOUSE OF COMMONS, Aug. 5.
The SPEAKER took the Chair at Twelve o'Clock.
BANKRUPTCY BILL.
Mr. BROADLEY presented a petition against the
Bankruptcy Bill, and praying the discussion to be post-
poned till next session.
Mr. LEFROY presented a petition from Ireland,
against the National System of Education in Ireland.
Mr. STUART presented a petition from the wine
merchants of the metropolis, praying for a reduction of
the duty on port wine (as we understosd).
Mr. BROTBERTON presented a petition against the
County Courts Bill.
IPSWICH ELECTION.
Mr. LEFROY gave notice that he should move, on
Monday next, that a new writ be issued for the borough
of Ipswich.
CONSOLIDATED FUND BILL.
Mr. GREENE brought up the Report i n this Bill.
EXCHEQUER BILLS BILL.
Mr. GREENE brought up the Report on this Bill.
Sir IL INGLIS wished to know when the Report of the
Commission for inquiry into the issue of Exchequer bills
would be on the table ?
The CHANCELLOR of the EXCHEQUER said it
would be in the hands of Members on Tuesday next.
COUNTY COURTS BILL.
Mr. J. BLACKBURN wished to know if the Right
Hon. Baronet intended to proceed with this Bill this
session.

Sir J. GRAHAM said, it certainly was his intention
to proceed with the Bill.
COURT OF CHANCERY OFFICES BILL.
This Bill was read a third time and passed.
NEWFOUNDLAND BILL.
The House then went into Committee on this Bill.
On clause 6 being proposed, for abolishing the Legis-
lative Council,
Mr. O'CONNELL said lie would not repeat his argu-
ments against this Bill, but he would still protest against
this mode of proceeding with any of the colonies. He
protested against this mode of taking away the consti-
tution of the colonies without full investigation, and a
full opportunity of being heard by witnesses on the part
of the colonists. He should take the opinion of the
Committee on the subject. He (Mr. O'Connell) ob-
jected to the numbers in the Chamber. The people's
right of electing the representatives e~•ould be a mere
mockery—a delusion, and an insult. The Chamber of
Assembly was to consist of twenty-five members; of
these ten were to be elected by the Government, and
fifteen by the people ; so, if only three of those repre-
sentatives should be returned by the Government party,
they (the Government) would bn.e sia4 positive majority
in the Chamber. Could anything be more absurd—more
unjust, or a greater insult to the people, who had always
been considered as a loyal mid patriotic people ?
lie
should move that the words " abolishing the Legislative
Council as a distinct brarnih of the legislature," should be
omitted.
Lord STANLEY agreed with the Right Hon. Gentle-
man that it was not advisable to carry on the legislature
by means of one Chamber only ; but under the present
circumstances of this colony, where one House constantly
rejected the Bills of the other, he thought it would con-
duce to the more harmonious management of the affairs
of the colony, if they were to merge the two Chambers
into one. He felt confident it would be for the benefit
of the colony to abolish the Legislative Council as a dis-
tinct Assembly. The Right Hon. Member was not cor-
rect in supposing that those in the Council who were
nominees of the Crown would be at the control of the
Crown. Ho could assure the Right Hon. Gentleman
that there were few bodies so difficult to control by the
Crown as this, though they held.their appointments at
the discretion of the Crown ; and the reason was, that
the remuneration was not great, and the appointments
were far from being sought after. As far as the Crown,
therefore, was concerned, the Right Hon. Gentleman
need be under no apprehension of the ten members who
were appointed by the Government being unduly in-