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RIIY M N EY R AIL WAY COM- PANY. A special or Wharncliffe meeting of the pro- prietors of this company was held at the Queen's Hotel, Cardiff, on Friday. Mr W. Austin, the deputy-chairman, in the absence of Mr Boyle, presided. The attendance of shareholders was moderate. Mr Mein, secretary, and Mr Lundie, general m'imager, were also present. The notice convening the meeting was read by the secretary. The CHAIRMAN said that the meeting was called for the purpose of considering a bill which the Rhymncy Kailway proposed to lay before the next session of Parliament. The object of tho bill was to obtain Parliamentary powers for the construction of a railway on the west side of the Taff Vallev, from Quaker's Yard, on the Great Western Railway, to the Cyfarthfa Col- lieries and works, and also for the purpose of accommodating the coalfield generally outside of the TafiE Valley. The railway commenced by a junction with the Great Western Railway, over which the Hhymney ] Jail way Company had running powers. It also offered running powers to the Great Western Company over the proposed hue,and sought for running powers over the Gleat Western Railway's Vale of Neath Branch, from Merthyr Tydvil to Gellytarw, in order that the Rhymney Company might have powers to carry trathc from collieries and places upon that branch direct to Cardiff docks. The chairman also ex- plained that the Great Western Railway Company were aho proposing a railway in the same valley, to serve some of the collieries and works there. He, however, believed that the proposed railway by the Rhymney Company was the better of the two in an engineering point of view. It was a1,o better laid out for the district than that of the Great Western Company, and that the purposes of the latter company would probably be better served by taking running powers over the Rhym- ney Company's line. The Rhymney Company would, iu that case, have the advantage of the tolls from the Great Western through traffic. He also mentioned that while the Rhymney Company offered by their bill running powers to the Great Western Rail- way Company, and sought to make working ar- rangements with the Cyfarthfa Company, the bill of the Gveat Western Company was silent on this point. lie was, therefore, of opinion that this company's bill would stand well in the eyes of the members of the Parliamentary Committee. He further referred to the past history of the Rhym- ney Railway, and mentioned that he had been connected with the railway for 25 years, and during the time he and his co-directors had con- ducted the affairs of the company their policy had invariably turned out to the advan- tage of the company, and while some of tlie shareholders had been inclined to think them too bold, the only thing which the directors had to regret was, in relation to this, t1w,t on 011e or two occasions they had becn too timid, a timidity which they regretted to this day. He concluded by moving a formd resolu- tion expressing their approval of the bill. Mr F. G. EVANS seconded the motion, and gave some further explanations of tho advantages re- sulting to the company by tho proposed new line. Tho motion was then put to the meeting and carried unanimously. Mr C. 11 KNIIY JAMES, in proposing a vote of thanks to the Chairman and Directors, remarked that he thought the policy of the directors some- what doubtful, and would feel much more satisfied as a shareholder if he was assured that the rail- way would be constructed in conjunction with the Great Western Railway Company. The motion was sccoadcd, and carried with applause. The OUAIEMAN having briefly acknowledged the vote, ib proceedings termlnai2o.

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