The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-02-24 00:00:00

reasonable rates, and supplying all needful accommoda-
tion to that company.
Bth.—Your committee have thought it their duty to in-
quire into the statements made in reference to the traffic
of this line, and feel warranted in expressing their decide d
conviction that the prospects of the company are in the
highest degree satisfactory.
9th,—Your committee think that the directors should
be fully authorised to make whatever arrangements they
may think proper to meet the demand for accommodation
which will shortly arise from increased trafic.
10th,—Although your committee desire not to interfere
with the duties and discretion of the directors in reference
to calls, they yet feel bound to recommend that the call
of £2 10s. on the new shares announ,eLed to be paid on the
23d March be not enforced until the Ist July, until after
which period there does not appear to be the least proba-
bility of the amount being required.
WM. POTTER, Chairman,
Dissenting individually from the 7th clause regarding
the proposed agreement with the Grand Junction.

It was agreed that the report be passed, printed, and
circulated amongst the proprietors.
Mr. MALLABY then submitted several resolutions,
which resulted from the adoption of the report—to the ef-
fect that the dividends should be as follows:
On Old £5O shares..
„ New Do. (the dfference being for interest) 12s. 6d.
„ £25 shares
, £lO shares . .
which' would leave a balance of £4lB ss. sd. (Cheers.)
Mr. BROWNRIGG said, at the last meeting some impu-
tations were cast upon a portion of the directors, and he
put it to the committee whether they had found any cause
to justify the unmeasured terms in which those imputa-
tions had been conveyed. He appealed for a reply, parti-
cularly to Mr. Cochrane, who had moved for the appoint.
ment of the committee.
Mr. COCHRANE wished to hear the expressions alleged
repeated.
Mr. BROWNRIGG replied, "an undeviating hostility to
the interests of the company."
Mr. BENTHAM intimated that such were not the pre-
cise expressions used by him. What he had said was,
that with reference to the negociations of the Birkenhead
and Chester Company with the Chester and Holyhead
Company, a great and grievous error had been committed.
Mr. Buowsutt GG then alluded to an alleged expression
by Sir Joshua Walmsley, to the effect that there were
parties on the board with whom he could not sit.
Sir J. WALMSLEY said he was not aware of having said
anything more than.was justified. All that they had done
for the good of the company had been undone and thrown
aside. What be and Mr. Jackson had done in London,
was merely in the nature of propositions to be afterwards
submitted to the board for approval or rejection. He was
not aware he had said anything offensive, and meant no
personal reflection.
Mr. BROWNRIGG urged his question, whether the com-
mittee in the course of their inquiries had found cause
to justify the imputations stated. So far from the Che-
shire Junctionhaving acted against the interests of the
Birkenhead and Chester Company, they had done from
first to last quite the contrary to forward their interests,
and to preserve their own.
Mr. COCHRANE said the committee did not go generally
into the subject involving these charges. They met a de-
putation of the Ches. Junc., who were most accommoda-
ting, and had no objection to the leasing of the line. The
interests of both line. indeed, were to be fully respected
reciprocally. It was not owing to any obstacle therefore
thrown in the way by the Cheshire Junction that the
leasing did not take place, but to other causes.
Mr. BROWNRIGG said he was quite satisfied with the
explanation given.
The CHAIRMAN said, that supposing the lease bad
taken place, the interests of the Cheshire Junction would
have been fully respected.
Mr. WANKLYN complained, at some length, that his
name had been used by the chairman, in connection with
a letter he (the chairman) had received from Mr. Paxton,
to the effect that parties connected with the Cheshire
Junction had been bearing the market with the Birken-
head and Chester stock, in order to effect a purchase
of that line.

The CHAIRMAN said the letter had been read at a
meeting of the Birkenhead and Chester board. What he
heard was, that negociations were going on, not with the
directors, but with certain proprietors, for the leasing of
the Birkenhead and Chester Railway to the Cheshire
Junction. He had said he thought Mr. Wanklyn was
one of the party, for he had heard so ; but he was sure
he never wanted to charge Mr. Wanklyn personally with
bearing the shares, and that his expressions on that occa-
sion must have been qualified, and therefore not liable to
the interpretation put upon them by Mr. Wanklyn.
Mr. PAXTON said he had not mentioned Mr. Wank-
lyn's name in the letter.
Mr. WANKLYN said he was satisfied with Mr. Paxton's
explanation.
Mr. WGREGOR LAIRD here wished to draw the meet-
ing into a discussion relative to the purchase and sale of the
land in Grange lane ; but the meeting being a special one
to hear the report, declined entertaining the question, the
law-clerk baring given it as his opinion, that no
discussion should take place on a question which he found
from ea letter just handed to him, was to become
the object of a chancery suit, at the instance of Mr.
Laird. The matter was one for the consideration of the
Directors only.
The business being concluded,
Mr. JACKSON said that at the last meeting he had inti-
mated his intention to resign the office of chairman, but
he now begged permission, under the circumstances, to
withdraw that intention. (Loud cheers.) He defied those
parties who had made unfounded charges against him to
substantiate them, and declared that so long as he pos-
sessed the confidence of the shareholders be would not
desert them. (Applause.)
• The meeting then broke up.-