The Brecon County Times Neath Gazette and General Advertiser for the Counties of Brecon Carmarthen Radnor Monmouth Glamorgan Cardigan Montgomery Hereford

IN PARLIAMENT.—SESSION, 1869. HEREFORD, HAY, AND BRECON RAILWAY. (Renewal of Debentures, Conversion of Debenture and other Debts into Debenture Stock Variation of Priorities of Debenture holders; Running powers over a portion of the Mid- Wales Rail- ways, over the Neath and Brecon Railway, and over the Railways of the Brecon and Merthyr Tydfil Junction Railways Company Working and Traffic Agreements with the London and North- Western, the Great Western, and the Midland Railway Companies Proposed Railway at Here- es,- ford; Additional Land at Hereford Amendment of Acts, g-c.) NOTICE is hereby given that Appli- cation is intended to be made to Parliament in the ensuing Session by "The Hereford, Hay, and Brecon Railway Company," in this Notice called "the Company," for leave to bring in a Bill for all or any of the following purposes (that is to say):— (1) To provide for, and require the renewal of, the Mortgages and Bonds of the Company, for a period to be fixed in the Bill, or the conversion of the Debenture debt into a fixed Debenture Stock of one or several classes, and to authorise the issue for such purpose, and for the interest due on such Debenture debt of a permanent or redeemable Debenture Stock of one or several classes, and ranking in such order as the Bill may prescribe. (2) To enable the Company to raise an additional sum of money by the issue of Debenture Stock or by Shares, and to attach to the Shares so to be raised any preferential dividend or other advantag with or without power to redeem the same, (3) To cancel all or any shares or stock of or in the capital of the Company, whether ordinary or preferential, which may have been created but not issued or forfeited, upon which the amount thereof has not been paid. (4) To enable trustees, executors, guardians, and persons having a limited interest, to consent to any arrangements made under the powers of the Bill and to take and accept Debenture Stock of the Company in lieu of existing Mortgages and Bonds and the interest thereon. (5) To confer upon the Company or any other Company or person working or using the railways of the Company powers to use with their own engines, carriages, and servants, the portion of the Mid-Wales Railway to be defined in^the Bill, the Neath and Brecon Railway, and the railways of the Brecon and Merthyr Tydfil Junction Railway Com- pany, and so much of the Rhymney Railway and of such other railways as the Brecon and Merthyr Tydfil Junction Railway Company have power to run over or use, together with all stations, sidings, points, watering places, signals, booking offices, approaches, wharves, works, and conveniences upon or connected with ihe portions of railway to be used as aforesaid; and the Bill will vary the tolls autho- rized to be taken for the use of the said several undertakings, and will for the purposes aforesaid alter the provisions of the several Acts relating to the Companies owning the said undertakings. (6) To enable the Company to enter into agree- ments with the London and North Western Railway Company, the Great Western Railway Company, and the Midland Railway Company, or any or either of them, for, or with respect to the running over, maintenance, working, and use and management by any or either of the contracting Companies of the railway of the Company and the stations, works, and conveniences connected therewith, the supply and employment by the contracting Companies of rolling or working stock, machinery, officers and servants, for any of the purposes of any such con- tract or agreement, the interchange, accommoda- tion, conveyance, and delivery of the traffic coming from, or destined for, the respective undertakings of the contracting Companies the levying, fixing, col. lection, division, and apportionment of the tolls, rates, charges, receipts, and revenues, levied, taken, or arising from such traffic; the sums or considera- tion to be paid by either of the contracting com- panies to the other of them, on account of the matters to which the contract or agreement relates, and for determination of any disputes or differences between such contracting Companies by arbitration, and to provide for the appointment of a joint com- mittee, and to confer upon such committee all neces- sary powers to regulate their proceedings; to sanction and confirm any contract or agreement already made, or which, prior to the passing of the Act, may be made between the Company and all or any of the other Companies before-named, with reference to the matters aforesaid, or any of them, and the Bill will incorporate parts 2 and 3 of the Companies' Clauses Act, 1863, r. 1 ting respectively to additioT al capital and to debenture stock, and part 3 of the Railways' Clauses Act, 1863, relating to working agreements. (7) To authorise the Company to make and main- tain the following railway with all necessary works and conveniences connected therewith, viz :— A railway to be called The Hereford Junction," commencing in the parish of Holmer, in the said city of Hereford, by a junction with the railway of the Company, at or near a point on the railway where tLe same crosses by a bridge the Eign brook, being a distance from the plat- form at Barton Station of 900 yards or there- abouts, measured in the direction of Brecon and terminating in the said parish of Holmer by a junction with the Newport and Abergavenny and Hereford line of the Great Western Rail, way Company, at or near the bridge at Wide. marsh, in the said city of Hereford, which carries the turnpike road to Leominster over the said last-mentioned line, and which railway will be wholly situate in the parishes of Holmer and All Saint's, in the said city of Hereford. (8) To authorise the Company to purchase by compulsion, or agreement, in the parishes aforesaid, lands and houses for the purpose of such intended railway and works, or any of them, and for the improvement of their Station accommndation at Hereford, and to levy tolis, rates, and duties in respect of such railway and works, and to apply the funds of the Company, or money now authorised to be raised, or which may be authorised to be raised by the Bill, to the purposes of any such railways, works, and objects. (9) The Bill will vary or extinguish all rights and privileges which will interfere with 'its objects, and will confer other rights and privileges. And it will alter, repeal, amend, and enlarge some of the powers and ptovisions of the following Acts (local and personal), viz The Hereford, Hay, and Brecon Railway Acts, viz., 1859. 1860 (2 Acts), 1862, and 1863 the Brecon and Merthyr Railway Act, 1867; the Brecon and Merthyr Railway Arrangement Act, 1868, and any other Acts relating to the Brecon and Merthyr Tydfil Junction Railway Company the 8th and 9th Vict., cap. 36, and any other Acts relating to the London and North Western Railway Company and 5th and 6th Wm. 4th., cap. 107, and 26th and 27th Vict., cap 113, and any other Acts relating to the Great Western Railway Com- pany; and the 7th and 8th Vict., caps. 18 and 59, and any other Acts relating to the Midland Railway Company and will alter tolls, rates and duties, and vary and extinguish exemptions from tolls, rates, and duties. On or before the 30th day of November instant a map, plan, and section, describing the direction, lines, and levels of the intended railway and works, and the lands, houses, and property which will or may be taken for the purposes of the Bill, with a book of reference thereto, containing the names of the actual or reputed owners, lessees, or occupiers of such lands, houses, and property and a copy of this notice, as published in the London Gazette, will be deposited for public inspection with the Clerk of the Peace for the County of Hereford, at his office at Hereford and on or before the same day a copy of the said plan, section, and book of reference and a copy of this notice will be deposited with the Parish Clerks of Holmer and All Saints at their respective residences. Printed copies of the intended Bill will, on or before the 23rd day of December next, be deposited in the Private Bill Office of the House of Commons. Dated this 10th day of November, 1868. TILLEARD, SON, GODDEN, & HOLME 34, Old Jewry, London, Solicitors for the Bill. DYSON & CO., 24, Parliament-street, Westminster, 1161] Parliamentary Agents.

NEATH AND BRECON AND SWANSEA VALE AND NEATH AND BRECON JUNCTION RAILWAY COMPANIES. Arrangements as to, and re-adjustment of, Share and Lonn Capital; Conversion of Debenture and other Debts into Stock; Definition of Rights and Priori- ties; Deferring claims of Debenture Holders and other Creditors; Provision for future management of the Undertakings Vesting Rolling Stock, dye., in Trustees; Amalgamation of Companies and Repeal of Agreements as to Lease and Working; Extension of Time to complete Railways; Traffic Arrangements; Amendment or Repeal of -Acts. NOTICE is hereby given that Appli- cation is intended to be made to Parliament in the ensuing Session, by the Neath and Brecon Railway Company (hereinafter called the Company), for leave to bring in a Bill for all or any of the following purposes (that is to say) To alter, define, consolidate, or re-adjust the several classes of mortgages, bonds, and other securities guaranteed, preferential and ordinary shares or stocks in the share and loan capital of the Company, and whether the same attach to or are charged upon the whole or some part or parts of the undertaking of the Company, and (either with or without the consent of mortgagees, creditors, and shareholders) to vary, define, adjust, or regulate the rights, priorities, powers, or remedies of the holders of such several securities and of such shares or stock, or to give effect to or confirm any arrangement with reference to the matters aforesaid, to which consent has been or may be given by the holders of any portion of such securities or of such shares. To require the renewal of the mortgages and bonds of the Company for a period to be fixed in the Bill, or the conversion of the debenture debt into a fixed debenture stock of one or several classes, with a permanent or variable rate of interest or dividend attached thereto, and to authorise the issue for such purpose and for the interest due or to accrue due for a specified period on such debenture debt of a permanent or redeemable debenture stock of one or several classes charged on the whole undertaking of the Company or wholly or partially on sections thereof, and to rank in such order and to be issued on such conditions as the Bill may prescribe, and to require the acceptance of such stock in discharge of debenture debts and interest. To provide for and require the conversion of the sums secured by Lloyd's bonds and other securities and the other debts and liabilities of the Company or some of them and the interest due and to accrue due thereon into a permanent or redeemable deben- ture stock or preferential stock with a fixed or variable rate of interest or dividend attached thereto and either with or without priority over all or any of the other .preferential and ordinary stocks and shares in the capital of the Company or stocks and shares charged on any section of that undertaking, such last mentioned debenture stock to be issued on such terms and subject to such conditions as the Directors think fit or the Bill may prescribe, and to be accepted in payment and discharge of the sums secured by Lloyd's bonds or other securities and of the debts and liabilities of the Company and the interest thereon respectively. To enable the Company to apply to the purposes of the Bill their existing funds and any monies which they have still power to raise, and to authorise or require the merging into one or more classes of stock or capital all or any of the separate stocks or shares in the Company, whether preferential or ordinary, upon such terms as may be defined in or arranged under the powers of the Bill, and, if neces- sary, to provide for the surrender and cancellation of the exiiting and authorised stocks and shares, and to issue new stock and shares in lieu thereof, and to enable the Company to provide a sinking fund from such sources and to be applied in such manner as the Bill may prescribe in and towards the redemption of all or any of the aforesaid debenture stocks. To define, explain, and extend or restrict the powers of the Company of raising money by pre- ferential or ordinary shares or stock and by bor- rowing on mortgage, bond, or debenture stock; and to make further and other provisions with respect to the management of the affairs of the Company and for facilitating the settlement of their debts and liabilities, and the raising of additional money by any of the means aforesaid for the purposes of the Company, and also for raising with or without any increase of share capital further money by borrowing, o by debenture stock redeemable or irredeemable with precedence over all rent charges, mortgages, and share and loan capital of the Company or having such other priority as the Bill may define, and to attach to the mortgages or debenture stock such preferential or terminable interest or dividend as may be considered expedient, and to define and regulate the application of such further monies and of the revenues of the Company To suspend for a period to be fixed by the Bill, and upon such conditions as the Bill may prescribe, all actions, suits, judgments, and other proceedings against the Company for the recovery of debts, including therein interest upon mortgages or other securities, and to suspend likewise for a period to be so specified, the payment of the principal money due on any mortgage, bond, or other security. To make provision for the costs, and for the dis- charge of the order for the appointment of Receivers and to discharge such Receivers, and authorise the application by the Directors of the net earnings of the undertaking in payment of the amounts sanctioned by the Court; and also to provide for the discharge of other debts and liabilities, and for the purchase of land for and completion of railways and works and the purchase of plant and rolling stock, and otherwise, to the exteat defined in or to he authorised by the Bill; and to prescribe the application of the money in the hands of the Receivers and otherwise. To enable and require trustees, executors, guar- dians, and persons having a limited interest to con- sent to any arrangements made under the pewers of the Bill, and to take and accept debenture and other stock and shares in lieu of existing shares, deben- tures, or securities, and the interest thereon. To authorise the holders of mortgages, bonds, and debenture stock, and of preference shares or stock, to vote at meetings of the Company, and to appoint, for such period as may be defined in the Bill, some of the Directors of the Company, and to regulate the meetings, voting, and qualification of such holders, and to alter the mode of appointment, number, rota- tion, and qualification of the Directors, and to suspend or limit the powers of the Shareholders and Directors. To vest in the Board of Director, as Trustees for the benefit of the debenture holders and the holders of preference and ordinary stocks, according to the priorities to be defined by the Bill, the plant and rolling stock, and personal estate and effects of the Company, and all superfluous lands, and to vary or extinguish all claims or rights of creditors and others against or over the same. To alter or define the priorities of the several charges on the undertaking, or portions of the undertaking, of the Company, whether in respect of borrowed money, or shares, or stock, and to transfer charges from parts of the undertaking to the whole of the undertaking, or otherwise, and to vary or extinguish rights and privileges in respect of such charges. To repeal the Swansea Vale and Neath and Brecon Junction Railway Lease Act, 1866, and to cancel all agreements entered into between the Company and the Swansea Vale and Neath and Brecon Junction Rail- way Company (hereinafter called the Junction Com pany), and all liabilities of either Company to the other for interest, rent, or otherwise. To authorise from and after the passing of the Bill, or such other period as the Bill may prescribe, the union and amalgamation of the undertaking, railways, works and conveniences, lands, property, rights, powers, and privileges, agreements, and benefit of agreements, and of the proprietary and stock shares, and securities of the Junction Company with those of the Company, and to confer upon the Company a new name, and to direct and provide that henceforth the mortgages bonds, Lloyds bonds, and other securities, debts, stocks, and shares of the Junction Company; and the holders thereof, and the creditors of the Junction Company shall, or may, be treated and dealt with in the same manner, and have the same priorities and privileges as like securities, debts, stocks, and shares in the Company and the holders and creditors thereof are intended to be treated and dealt with under the powers of the Bill, as before-mentioned, and the joint undertaking is thenceforth to be charged, and charge- able, with the loans made to, and debts due, by both Companies. To sanction and give effect to agreements between the Company and the Junction Company for the pur- poses, or any of the purposes of the Bill, and to provide for the dissolution of the Junction Company, and the termination of the functions of the Directors of that Company, except in so far as the same may be repealed, altered, or modified by the Bill. To authorise and require the Junction Company, their proprietors and creditors, to accept in lieu of their present mortgages, bonds, shares, stock, and securities, any shares, stocks, rent-charges, annuities, or securities of the Company, subject to such condi- tions and upon such terms as the Bill may prescribe; and (if deemed expedient) to classify, define, limit, and regulate the capital, shares, stocks, and securities, charges, rights, and privileges of the proprietors and creditors of the Company and the Junction Company. To alter the tolls, rates, and duties which the Company and the Junction Company respectively are authorised to take on their respective lines, or the lines of other companies; and to confer, vary, or extinguish exemptions from the payment of such tolls, rates, and duties respectively; and to confer, vary, or extinguish other rights and privileges. To extend the times respectively limited for the com- pletion of the railways and works authorised by the Neath and Brecon Railway Act, 1864, the Swansea Vale and Neath and Brecon Junction Railway Act, 1864, and the Swansea Vale and Neath and Brecon Junction Railway Act, 1865. To relieve the Company and sureties from penalties now attaching, or which may attach for the non-com- pletion of works, or otherwise, or to make other pro- vision in lieu thereof. To enable the Directors to compound with creditors, contractors, debtors, and other persons liable to, or having claims against the Company and the Junction Company, or either of them, and to refer disputed ques- tions to arbitration, and to grant and accept releases and discharges to such extent as the Bill may define, and to confirm compromises, awards, and settlements made, or to be made, by or on behalf of the said Com- panies, and any such person or persons. To authorize contracts and arrangements between the Company and the Mid-Wales Railway Company, with respect to the working, use, management, and maintenance of their respective railways, and the traffic passing over the same the fixing,, ascertaining, and settling of the tolls and rates to be levied, and the terms and conditions to be imposed in respect of such traffic; and the apportionment between the companies of the tolls and profits arising therefrom. The Bill will incorporate and modify or vary all or some of the provisions of "The Lands' Clauses Consolidation Act, 1845;" "The Lands' Clauses Con- solidation Acts Amendment Act, I860;" The Rail- ways' Clauses Consolidation Act, 1845 The Railways' Clauses Act, 1863;" "The Companies' Clauses Consolidation Act, 1845;" The Companies' Clauses Act, 1863," and The Railways' Regulation Act, 1868." And it is proposed by the said Bill to repeal, alter, amend, or enlarge all or some of the provisions of the several local and personal Acts following, or some of them, that is to say:-25 and 26 Victoria, cap. 193 26 and 27 Victoria, cap. 130; 27 and 28 Victoria, cap. 316; 29 and 30 Victoria, cap. 15, and 30 and 31 Victoria, cap. 122, and of any other Acts relating to the Neath and Brecon Railway Company; 27 and 28 Victoria, cap. 293; 28 and 29 Victoria, cap. 239, and 29 and 30 Victoria, cap. 212, relating to the Swansea Vale and Neath and Brecon Junction Railway Com- pany, and the Mid-Wales Railway Act, 1859, and the other Acts relating to the Mid-Wales Railway Company. Printed Copies of the said Bill will be deposited in the Private Bill Office of the House of Commons, on or before the 23rd day of December next. Dated this 12th day of November, 1868. D. HOWELL MORGAN, Secretary to the Company, 1, Westminster Chambers, Victoria Street, Westminster. [1172