The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-09-06 00:00:00

per annum from this source alone. Besides this they might cal-
culate, from other sources, on a prospective increase of £130,000.
The terminus was at Shoreditch ; and they took no credit for
what rnight accrue from passengers wishing, from curiosity, to
see a line of railway without a tunnel. There were 61,000 shares
in all, of which from 15,000 to 20,000 were taken in Liverpool.
Mr. Joseph King said, that such shareholders as have not sent
their scrip to London, might hand it to him, on a gurautee, be-
fore the 10th of September. (Applause.)
The Chairman said that the railway would cost a million and
a half of money, and the income from coaching alone would pay
eleven per cent. The cost of conveying a ton of goods from
Norwich to London was now £9 6s. 8d per coach, and Ea per
van, and by the railway it would be £2 13s. 6d; but the act gave
this railway the maximum of 64 per ton per mile, while other
railways could only charge 3d. The revenue arising from the
carriage of goods was only estimated before the Commons at
£164,000 per annum, whilst the real amount would be £300,000
more, or, according to the original prospectuses, £480,000 yearly.
For his own part, he had so much confidence in the company's
pr.ospects, that he would not sell his shares for an enormous pre-
mium, unless he was sure of being able to replace them. (Ap-
plause.) There was now, on this hue, £1,100,000 paid for tran-
sit of goods by land carriage. The act did now allow the share-
holders to vote by proxy, and therefore it was desirable that the
Liverpool proprietors should be well represented in the direction.
Mr. Smith said the Liverpool proprietors held one-third of
the stock, and that two directors among 22 would not sufficiently
represent them. He would suggest that a committee be appoint-
ed to consider the best mode of communicating on the subject
with the directors.

The Chairman opposed this sub-committee. Nineteen of the
the London directors held stuck to the amount of £36,003, and
would act properly on account of their stake.

Mr. Bates!ml moved that it was expedient that the Liverpool
proprietors should be represented in the direction. The motion
was carried unanimously.

The Chairman said reply to a question) that he and his
friends had a list of gentlemen whom they would recommend to
be elected as directors.

Mr. Coglan suggested that a sub-committee be appointed to
select the most eligible persons. Those chosen on the spur of
the moment would probably not be so effective as those chosen,
with deliberate care, by a sub-committee.
The Chairman said that delays were dangerous.
It was then moved, seconded, and carried, that Mr. Hall and
Mr. L. eyworth would be proper persons to be placed in the
direction.

Mr. Hall and Mr. Heyworth severally pledged themselves to
do their duty towards the shareholders.

Mr. Hall-moved a resolution expressive of the conviction of
the meeting, that the eastern counties railway possessed so many
singular advantages as to justify a well-grounded confidence of
its proving one of the most beneficial lines in the kingdom.
The motion was seconded and carried unanimously.
Thanks were voted to the Chairman, after which the meeting
separated.