The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1845-06-24 00:00:00

GRAND JUNCTION RAILWAY.

A special general meeting of the proprietors in the
Grand Junction Railway. Company was held in the Cot-
ton Saks' Rooms, Exchange-buildings, at one o'clock
yesterday, for the purpose of considering and deciding
upon several measures proposed to be authorized by seve-
ral acts of parliament in the present session. The chair
was taken by John Moss, Esq., chairman of the directors.
The CHAIRMAN stated that the business to be brought
before the proprietors was little more than formal, and
he did not apprehend it would occupy much time. Only
two bills would require to be confirmed, namely, the
Trent Valley Bill and the Preston Brook Bill.
Mr. SWIFT, the laW-clerk, said he had the Preston
Brook Bill before him,- and he would read it at length if
required ; but it would probably be sufficient shortly to
state its object. (Hear.) The purpose of it then was to
enable Lord Francis Egerton to make a railway, from the
Grand Junction Railway at Preston Brook to Runcorn;
and the way in which this Company was concerned in it
waft this—that at the end of the bill there was a clause
authorizing Lord Francis Egerton to sell, and this Com-
pany to make it, and also authorizing this Company to
raise money to pay for it.
A PROPRIETOR asked if Lord Francis Egerton had
agreed to sell?

-Mr. SWIFT replied it was his lordship's purpose to sell.
The PROPRIETOR—Has he agreed to the terms ?
Mr. SWIFT—The terms are that we take it off his hands
and make it.

The CHAIRIIAS—The fact is, he was in Parliament
before we were.

Mr. SWIFT said there were arrangements going on with
regard to other matters now before parliament, which need
not be detailed here. (Hear.) The only purpose of this
bill was to authorize Lord Francis Egerton to sell this
r ilway, and to authorize this company to make it if they
thought fit to require it.
The CHAIRMAN then moved that the bill be confirmed,
and that the usual powers be given to the directors ; to
consent to any alterations or additions that they might
judge expedient, or that parliament might require. The
motion was carried unanimously.
Mr. Scv 'FT said the next bill requiringtheir approval was
the Trent Valley Bill ; and it came before this company be-
cause they were to provide a portion of the capital not ex-
ceeding 13 ,899.£50 shares. The billauthorized this company
to create capital for the purpose of taking up those shares.
The Grand Junction Company were interested in this line
just as any other shareholder—that was to say, they took a
large number of shares, and provided for them by means
of new shares to be created afterwards. There was
nothing in the other parts of the bill affecting the Grand
Junction, except a power that parliament had given,
authorising them to use the line upon certain terms, to be
fixed by the Board of Trade in case of difficulty.
The CHAIRMAN moved a resolution approving of the
bill, and it was unanimously carried.
The meeting was about to separate, when
Mr. CHARLES TURNER rose and said, a good deal of
anxiety was beginning to be felt concerning the creation
of the new quarter shares ; and he asked the chairman if
he felt at liberty to make any statement respecting them.
If he were at liberty, the meeting would be much obliged
to him for some explanation.
The CHAIRMAN said the meeting had been called for a
special purpose, and no other business could be entertained,
but he might undertake to state there was no doubt the
quarter shares would be made at the next half yearly
meeting, which would be held in August. (Hear.) It
might. be considered, indeed, as a settled thing that the
shares would then be made. Of course, a good deal de-
pended upon getting their bills through Parliament; but
independent of that, be thought it might be considered as
settled that the quarter shares would be made. It was
merely a matter of time. The Directors had unanimously
agreed to make them, and as be had said before the share-
holders would be recommended to make them at the next
half yearly meeting in August. (Hear.) The meeting
then separated.