The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-07-15 00:00:00

Mr. MAI
Mr. DIXON

—A stationary engine will not be required
—No.

•
Mr. RADCLIFFE expressed his conviction that if the
tunnel were once embarked upon, it would not be completed
for double the amount of the estimate. It would cost
£60,000. Mr. Dixon had first said it could be made for
£10,090, then for £15,000; and he had gradually increased
his estimate till it had reached £25,000. Nothing could be
more fallacious than such statements.

Mr. UNIACKE asked Mr. Dixon whether his original esti-
mates were for a single or a double tunnel?
Mr. DIXON replied they were for a single tunnel, but at
the same time he should be glad if the opinion of some other
engineer were taken.

Mr. EDWARDS asked Mr. Jackson whether he would him-
;elf undertake to make the tunnel for £5,000 above the esti-
nate—namely, for £30,000?
Mr. JACKSON.—Yes; and I would do it with the same

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success, as I made another bargain not long ago ; but I warn
you_not to, part with your money.

Mr. EDWARDS.--i am of a contrary opinion ; but if Mr
ackson can do it for that let him.

Mr. JACKSON.—I have no hesitation in saying that I
would become the contractor for this tunnel, to complete it
for £30,000.

Mr. MAY.-13nt that does not contemplate the pier.
Mr. JACKSON said a pier was never contemplated. He
would undertake to complete the tunnel in twelve months
for £30,000.

Mr. JAMES LAWRENCE coincided with Mr. Radcliffe

After considerable discussion a resolution was passed that
the report be received and entered upon the minutes. An-
other was carried to the effect that it was the opinion of the
meeting that. with a view to ascertain the desirableness of
making the tunnel, the directors be requested to obtain an
estimate of the expense of the same, with the advantages
likely to arise from the construction of it, and the means

prop.Osed to raise the necessary funds; and that they report
to a_ special general meeting as soon as_ practicable.

Mr: MAY then moved that the deelaration of a dividerid
be deferred till after the report of the director

to the

special meeting.
Mr. MULLENEUX seconded the motio❑

Mr.. WHEELER opposed it, and asked the law-clerk whe

• •
tiler the directors could legally capitalise any part of the
dividends.

Mr. INIALLABr.—In my opinion they can not.
Mr. MAXWELL, seconded by Mr. JAS. LAWRENCE,
moved as an amendment that the dividend be paid on the
Ist of August.

The amendment was carried, only two hands beingagainst

Mr. MAXWELL then made an attempt to reduce the num-
of directors, but it was unsuccessful.
Five gentlemen were next put in nomination as eligible to
be elected directors in the place of the three who retired by
rotation. The following is the list :—Mr. James Alulleneux,
Mr. Booth, Mr. Hamilton, Mr. Abbott, and Mr. Folliot.
A division took place, when the numbers were declared to

For Mr. Mulieneux
Mr. 800th....
Mr. Hamilton
Mr. Abbott ..
Mr. Folliot ..

A PROPRIETOR. required that the notes should be taken in
strict conformity with the act by each proprietor, according
to the number of his shares.
This demand caused considerable trouble • and in the
course of about two hours, the following was declared to be
the result : Votes.
For Mr. Mulleneux
~ Mr. Booth 811
„ Mr. Hamilton
„ Mr. Abbott
„ Mr. Polliott

The three gentlemen first on the list were consequently
declared elected directors; and Mr. DIXON having been
thanked for his conduct in the chair, the proceedings termi-
nated.