The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1844-09-10 00:00:00

UNION DOCK, LIVERPOOL.

CLYDESDALE JUNCTION RAILWAY.
CAPITAL £400,000, in 8,000 SHARES of £5O each.

PROVISIONAL COMMITTEE.
The Right Honourable Lord Belhaven and Stenton.
Sir Windham Carmichael Anstruther of Carmichael, Bart.
Sir Henry J. Seton Steuart of Allanton, Bart.
Sir John Kirkland of Clympy.
The lion. James Lumaden, Lord Provost of Glasgow.
Jas.Bryson, Esq., of Hollandbush, Provost of Hamilton.
John Gibson, Esq., Provost of Lanark.
Christopher Saltmarshe, Esq., Middleton Lodge.
Nathaniel Stevenson, 'Esq., of Braidwooi.
James Harvie, Esq., of Brownlee.
C. M. Barstow, Esq., Edinburgh.
Lieut.-Colonel Graham, of Mossknow.
William Roberton, Esq., of Lauchop.
Alexander Dennistoun, Esq., of Golf hill.
Alexander Campbell, Esq., of Bedlay.
William Gilmour, Esq., of Oatlands.
William Kippen, Esq., of Busbey.
John Fyfe, Esq., Dalmarnock House.
Henry Brock, Esq., Banker, Glasgow.
A. G. Kidston, Esq., Merchant, Glasgow.
James Tasker, Esq., Merchant, Greenock.
Robert Ewing, Esq., Merchant, Greenock.

ENGINEER.
Joseph Locke, Esq., London.
SECRETARY.

Alexander Grahame, Esq., St. Vincent-street, Glasgow.

SOLICITOR.

George Crawford, Esq:, West George-street, Glasgow.

PARLIAMENTARY AGENTS.
Messrs. Archibald Grahame, Moncreiff, and Weems.
BANKERS.
The Clydesdale Banking Company Glasgow.
The Edinburgh and Glasgow Bank .. Edinburgh.
The London and Westminster. Bank .... London.
Messrs. Moss and Company .. Liverpool.

THIS Undertaking embraces several objects of great
public utility, whether viewed separately or in con-
nexion with each other. _ _

In the first place, the establishment of a Railway, by
the most direct route, from the City of Glasgow to the
wealthy, populous, and rapidly increasing community in
the districts adjoining to Hamilton, Bothwell, _Mother-
well, Wishawton, and the various coal and iron works in
that part of the country ;
In the second place, a direct and uninterrupted Rail-
way Communication between the City of Glasgow and the
inexhaustible fields of coal and other minerals, lying in
the lower valley of the Clyde, as well as those traversed
by the Wishaw and Coltness Railway, the Wilsenton
Railway, and other communicating Lines ;
In the third place, a union between the Caledonian
Railway and the City of Glasgow, possessing the Ter-
minus at that city, suggested by the Royal Commis-
sioners appointed to report on the best means of Railway
communication between England and Scotland; and
In the fourth place, a Junction of all those Lines with
the existing Railway leading from Glasgow to the sea-
ports of Greenock and Port Glasgow, so as to form one
continuous and unbroken Line to the south of Scotland
and all parts of England.
The Provisional Committee have been induced to state,
in the fist place, the local objects to be attained, because
these objects have long been the subject of public consi-
deration, and, of themselves, afford the certainty of an
ample return for the expense to be incurred, without re-
ference to any Line of Railway not yet formed ; and also
because they ought not to be lost sight of in the prospect
of a Junction with the Caledonian Line, and of a con-
nection between that Line and the Railway to Greenock
and Port Glasgow.
An examination of the Sketch of the proposed Lines
will show how the objects in view are to be attained.
The Polloc and Govan Railway, which has been
already constructed and is open to the public, is a line of
three miles in length, commencing at the Harbour of
Glasgow, and terminating at the Royal Burgh of Ruther-
glen ; and it is intended to be incorporated in the present
undertaking.
With this view the Provisional Committee have ac-
quired a right to the Polloc and Govan Railway, by an
agreement of Sale conditional on an Act being obtained
for the Clydesdale Junction Line, at a price (to be taken
in stock) which will afford an ample return to the New
Company ; and it is part of the agreement that the price
(while it shall in no event exceed the stipulated sum) shall
be subject to review by Mr. Locke, the Engineer to this
undertaking, who may reduce it to such an amount as he
may think reasonable. The Provisional Committee have
also concluded an agreement for such station ground as
may be required, at a price to he fixed by arbitration.
From the terminus of the Polloc and Govan Railway
at Rutherglen, it is intended that the main line shall rue
eastward to Hamilton; and that a Branch shall be formed
to join the Wishaw and Coltness Railway at Motherwell.
By me ins of the last-mentioned Railway the communica-
tion with the Caledonian Line will be completed ; but if
the terms demanded by the Wishaw and Coltness Com-
pany, for such accommodation, should render it necessary
ian extended,without atth ae
somr
adileseixrpaebnl es,e,tshoe oas te.- osjeodi
n the C Linecaalnedobne
intervention of any part of the Wishaw and Coltness
Railway ; and the Provisional Committee contemplate
the possibility, though not the probability, of such an ex-
tension as a part of the present undertaking.
The projected works, including the price of the Polloc
and Govan Railway, and an ample allowance for Stations,
are estimated to cost £lOO,OOO, which is proposed to be
the Capital of the Company; but in order to provide for
the possible extension of the Line as above explained,
and for some highly profitable additions in the shape of
short side Branches, which this Railway admits of, the
Provisional Committee recommend that power should be
reserved to increase the Capital to £500,000, if needful,—
the existing Shareholders having a preference to the ad-
ditional stock.

The Provisional Committee have taken great pains to
ascertain, with accuracy, the returns which may be ex-
pected from the Traffic on the proposed Railway ; and
after allowing for every contingency, and deducting from
the gross receipts 40 per cent. for working expenses, the
results show a net profit on the Capital, of nearly 9 per
cent. per annum, exclusive of the great additional traffic
which may be anticipated from the Caledonian Line. The
Committee have concluded an Agreement with the Pro-
visional Committee of the Caledonian Company, upon
terms advantageous to both undertakings ; and they have
no doubt, that, from the comparative shortness of the
Clydesdale line, and the superiority of its Terminus, the
greater part, if not the whole, of the Western traffic of the
Caledonian will pass along it.
The Committee have also ascertained that the Werks
may be completed within eighteen months after the Act
of Parliament shall have been obtained.
The Shares will be £5O each, and it will be a provision
of the Act of Incorporation that no Subscriber shall be
liable for more than the amount of his subscription. A.
deposit of 10 per cent., or £5 per Share, to be paid at
the time of Allotment; and Subscribers will have to exe-
cute the Parliamentary Deed on receiving their Scrip.
Of the proposed Capital upwards of 3000 Shares have
already been taken up, by parties locally interested.

Application for Shares to be made in the form annexed,
addressed to the Secretary, or to Henry Francis, Esq.,
57, Threadneedle-Qtreet, London; Messrs. FORSYTH.
and PRITCHARD, Liverpool; or Mr. J. B. Locke,
Manchester; from any of whom Prospectuses and Plans
may be obtained.

FORM OF APPLICATION FOR SHARES.
To the Provisional Committee of the
Clydesdale Junction Railway.

GENTLEMEN,— aLe•Of
I wish to become a Subscriber for Shares in
this Undertaking, of £5O per Share, the deposit upon
which, or on any less number of Shares that may be
allotted to me, I agree to pay ; and I also to undertake
to sign the necessary Deeds, when required so to do.
I am, Gentlemen,
Your obedient Servant,
Name
Address