GUILDFORD, CHICHESTER, PORTSMOUTH, AND FAREHAM RAILWAY.
(THIS DAY.)
A special general meeting of the scripholders in the Guildford, Chichester, Portsmouth, and Fareham Railway Company, was held this afternoon, in pursuance of the sessional orders, at the Nine Elms station of the London and South-Western Railway, for the purpose of having submitted to their consideration copies of two Bills—the first, "A Bill for authorising the sale of the Guildford Junction Railway, and for enabling the purchasers to maintain the same, and to make and maintain a railway therefrom to Godalming, and from the London and South-Western Railway at Fareham to Portsmouth;" and the second, "An Act for making railways from Guildford to Chichester, and from Fareham to Portsmouth, with branches to Petersfield, in the county of Hants, and to Chichester Harbour, in the county of Sussex."
Mr. Henry Currie, the banker, was voted to the chair, on the motion of Mr. Mangles, seconded by Mr. Jones.
The CHAIRMAN said, in the absence of Mr. Chaplin, who was the permanent chairman of the Company, he had great pleasure in taking the chair. The proprietors were aware that the capital of the Company was a million and a quarter, in 20,000 shares of 50l. each, and 20,000 shares of 12l. 10s. each. The number required by the sessional orders to constitute a meeting was one-third, or 25,000 shares, making in amount 416,700l. The proprietors had sent in scrip far exceeding that amount, and they would have sent them to a still greater extent, were it not that they were anxious to avoid the trouble of registration. The number of 50l. shares sent in was 10,515, or 525,750l., and the number of 12l. 10s. shares 1,748¾, or 87,437l. 10s., making a total of 12,263¾ shares, and 613,187l. 10s. of capital, and being 3,929¾ shares and 196,487l. 10s. capital more than the sessional orders required. He did not know whether it was necessary for him to trouble the meeting with any observations on the merits of the two Bills. They were aware that both of them had a good chance of being passed ; indeed, one had already passed the Commons, and was now before the Lords, who, he had no doubt, would shortly report favourably upon it. He should be happy to answer any questions the meeting might be desirous of putting.
After a short pause, the SOLICITOR (Mr. Bircham) read the breviats of the two Bills; and a resolution approving and authorising the directors to proceed with them, was moved from the chair and carried unanimously.
The meeting terminated with the customary vote of thanks to the Chairman.
Herapath's Railway Journal - Saturday 6 June 1846
WINDING-UP.
BILLS TO PROCEED.
GUILDFORD, CHICHESTER, PORTSMOUTH, AND FAREHAM RAILWAY. — On Thursday a Special Meeting of the Scripholders in this Company was held pursuant to the Sessional Orders. On the motion of Mr. Mangles, Mr. Currie, in the absence of Mr. Chaplin, was called to the chair. The advertisement convening the meeting having been read, the Chairman stated, that the capital of the Company being £1,250,000, in 20,000 shares of £50 each, and an equal number of shares at £12 10s. each, the Sessional Orders rendered it necessary that the present meeting should represent 416,700, or 8,334 shares. The scrip that had been entrusted to the Directors to vote in favour of the further prosecution of the Bills amounted to 10,515 shares of £50, or in money, £525,750, and 6,995 shares of £12 10s., representing 87,437, or in the aggregate, £613,187. There could be no doubt, therefore, that the meeting was legally constituted. The solicitor (Mr. Bircham) would read the title and marginal notes of the Bills, the Directors would then be happy to afford any information the Proprietors might desire to obtain respecting the position of the Company. Mr. Bircham read the titles and marginal notes of the Bills. The first was, "A Bill for authorising the sale of the Guildford Junction Railway, and for enabling the purchasers to maintain the same, and to make and maintain a railway therefrom to Godalming, and from the London and South-Western Railway at Fareham to Portsmouth;" and the second was "An Act for making railways from Guildford to Chichester, and from Fareham to Portsmouth, with branches to Petersfield, in the county of Hants, and to Chichester Harbour, in the county of Sussex." Mr. Bircham explained, that the first Bill had passed the House of Commons last year, and had been stopped for want of time at the close of the session, and commenced this year as a privilege Bill in the House of Lords. The other Bill was similar to the first, but containing, in addition, the portions expunged in the House of Commons last year. The Bills would go into Committee on the 15th inst. Resolutions approving the Bills were unanimously carried; and on the motion of Mr. Smith, seconded by Mr. Uzielli thanks were voted to the Chairman, and the meeting separated.