SOUTHAMPTON, PETERSFIELD, AND LONDON DIRECT.—The Committee of Management of this undertaking have issued a circular to the shareholders, announcing their intention of postponing the application to Parliament until the Session of 1847, in consequence of the shares not having been taken up to the extent necessary to enable them to provide the requisite Parliamentary deposit ten per cent., or three-fourths of their capital. It is a matter for regret that so many of the applicants for shares have broken faith with the committee, by neglecting to take up their allotments, and thus have placed the committee in their present position. The course announced in the circulars as that to be adopted is, under the circumstances, the best, perhaps, that the committee could have pursued, and it cannot fail to meet with the approval of the shareholders. It is most desirable that the project should be postponed, and not abandoned, for, independent of its merits as a local undertaking, supplying a line of country greatly in want of railway accommodation, it must, in connection with either of the proposed Portsmouth line, prove highly remunerative to the shareholders.—Hampshire Independent.