The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-11-10 00:00:00

AT TIES

INCORPORATION

Wolverhampton,3d September, 1846.
The Committee meet the Proprietors on the present occasion
with much satisfaction, since they are enabled to report the at-
tainment of that which was the original object of the constitu-
tion of the Company, namely, the passing in the session just

tion of a Railway from Shrewsbury to WolverhaniPtOic.-1;
doubtless most of the Shrewsbury, Wolverhampton, and South
Staffordshire Junction Proprietors are aware, they were not the
only parties seeking to obtain that object. An influential body
known as the Shrewsbury and Birmingham Company also in-
troduced a bill into Parliament, which, if it had been passed in
its original form, would have authorized a line (to the exclusion
of this Company's) between Shrewsbury and Wolverhampton,
though only as a part of a more extended undertaking from the

form-er towii to Birmingham. Since the two lines as between
Shrewsbury and Wolverhampton were and necessarily must be
rubstantially identical in point of route, it has ail along been
the desire of your Committee to bring about an amalgamation
with the other Company for the attainment of the object thus
clearly common to both—leaving the extension line from Wol-
verhampton to Birmingham open to be made by other parties
who might be so inclined. But the Shrewsbury and Birming-
ham Company, it is understood experienced great difficulty,
owing to alliances which they bad formed, in agreeing to such
an amalgamation, until the period at which it was ultimately
decided upon, namely, whilst both bills were pending in the
committee of the House of Commons, when arrangementswere
made satisfactory to all concerned. The following is a copy of
the short Memorandum of Agreement signed by the counsel of
the respective companies, and will, it is believed, be at once
intelligible to the local proprietors, though to others it may be
necessary to state that the main difference between the two
lines, as between Shrewsbury and Wolverhampton, was, that
whilst your line was laid down on a low level at Wolverhamp-
ton, the Shrewsbury and Birmingham was on a high level.

con( OF MEMORANDUM OF AGREEMENT :
Shrewsbury and Birmingham and Shrewsbury, Wolverhampton
and South Sta.egrdshire Junction Railways.

That if the committee adopt the low level, then the Shrews-
bury, Wolverhampton, and South Staffordshire line is to be
taken.
That if the committee adopt the high level, then the Shrews..
bury and Birmingham line is to be taken.
That if both levels at Wolverhampton be adopted, then the
Shrewsbury and Birmingham line to be taken, and a fork
made out of it to the low level station, at a gradient of 1 in
129.

In any event the two Companies to be amalgamated as be
twepa Shrews.hary and V 4 olverhnmntnn_ each

of the capital ; theSbrewSbury and Birmingham two-tgiraT,
and the Shrewsbury, Wolverhampton, and South Stafford-
shire one-third of the direction.

)arty to

ay their own costs up to this time ; all future

costs tole debited to the joint a6..ount.
MI disputes to be settled by Mr. Hope and Mr. Cockburn,
with liberty, in case of disagreement, to call in a third
party.
.„

Sigued) Sl. E COCK/It/RN,
For the Shrewsbury, 'Wolverhampton, and
South Stan, &hire Company.
J 4111 ES R. IR WR,
•For the Shrewsbury and Birmingham Company
Committee Room, No. 26, florae of Commong,
- -

This agreement was confirmed by the separate Acts subse-
quently obtained by this Company and by the Shrewsbury and
Birmingham Company, and they contain the requisite provi-
sions for carrying it into effect. Those provisions will be read
at length if any proprietor desires it, and therefore your Com-
mittee will not attempt any other epitome of them than the
very general one just given. There cannot in the opinion of
your Committee be the slightest doubt of the policy or pro-
priety, either in a•public or private point of view, of your de-
ciding on - the present occasion to avail yourselves of the
option secured to you by the Acts of Parliament of amalgamat-
ing with the Shrewsbury and Birmingham Company, and tak
ing (in your due proportion) 500,000, being half the total
capital authorized to be raised for the Shrewsbury and Wolver-
hampton line, with the nomination of one-third of the future
Directors of the amalgamated company, and your Committee
unanimously recommend to you this coirse. If this be your
decision, it will be necessary for you at this meeting to resolve
formally that the number of Directors shall be nine, next to
name those nine, and then to resolve also that you agree to the
amalgamation on the terms Of the Act of Parliament. Your
Committee will take the needful steps for carrying out the de-
tails of the arrangement, (some of which remain yet for more
mature consideration,) but would not omit the present oppor-
tunity of stating, for the information of every proprietor, and
calling his special attention to this fact, that lie forfeits all in-
terest in the undertaking if lie fails to signify his acceptance of
the new shares (which will have to be offered to him in exchange
for his present scrip) within the period and in the manner
which will be stated in a notice and circular which will be is-
sued in a week or ten days from this time, and wherein the
share arrangements will be minutely detailed.
There has not yet been time to obtain a full and accurate
statement of the accounts of the company up to this date, but
it will be the immediate duty of the nine gentlemen to whoin
you may this day entrust the future management of your af-
fairs, to get in all the outstanding bills, and ascertain the exact
amount of expenditure as speedily as possible. In conclusion,
your Committee desire to express, their unabated confidence in
,the soundnes.s and promising character of the undertaking, and
also the great personal gratification they will receive if it shall
be the pleasure of this meeting to elect that the um.lertaking
shall be henceforward promoted by means of the joint funds,
and with the united energies of the Shrewsbury and Binning.
ham and the Shrewsbtirv, Wolverhampton; and South Stafford.
shire Subscribers and Directors, us one amalgatnated body.
Resolved,
. .

....
act, namely, fifteen, shall be and the same is now reduCed

d by EDWARD BULLER, Esq., seconded by M

Proposi
Cox,
That Mr. George Benjamin Thorneycroft be and he !s, nc
continued in office as Director, and is now appointed a Direct
of this Company accordingly.
Proposed by HENRY CRANE. Ego.. seconded by ISA.

BADGER, ER(., • •
That Mr. Henry Hill be and lie is now continued in office as
a•Direetor, and is now appointed a Director of this Company

accordingly
Proposed by HENRY Scorr, Esq., seconded by JOSEPH
liOR NBY, Esq.,
That Mr. John Perks be and he is now continued in office as
Director, and is now appointed a Director of this Company
accordingly.

iiioPO;.ed by RICHARD DRINKWATRR, Esq., seconded by

Cooper be and he is now continued in
and is now appointed a Director Of this

Compa

Proposed by SAMUEL I.3l4tEanm, Esq.-, seconded by
JonN PERKS, Esq.,
That Mr. Charles Lawrence be and he is now continued' in
Director,. and is now appointed a Director of this

Company acc9rdinoj

WART) Esq.,
That Mr. Joseph Walker be and he is now contined in office
niromnr_ and is now annointed a Director of this Company