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.HAVERFORDWEST MUNICIPAL ELECTION.

I HAVERFORDWEST BOARD OF GUARDIANS.

WIILTLAND AND CARDIGAN RAILWAY…

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WIILTLAND AND CARDIGAN RAILWAY COMPANY. A special meeting of the shareholders of the ex'-ensi >n feet ion of ihis company was held at the railway station, CY-vmiti-ch. Mr Juhn Oweu presided, and there was a futr attendance. The chairman said that the meeting was one of a legal form. The oapit.d of the company, so far as the extension was concerned, was £ 41,000; hut the con- troctors were pushing the work on so rapidly that the call" on that capital did not come in fast enough to feed them. The Great Western Company had cou- seuted to find £ 30. p00 on 4^ per cent, preference stovk but, all that capital cr'\uJd not bo issued without the enneont of the shareholders, that meeting had been called for that purpose. There could he no objection to the issue of that stock, for it was clearly their interest, that the capital should be miMed. Col. Lewis, Clynfiew, proposed, and Mr J. W. Bowen, Q.O., secoudtd, a motion formally sanc- tioning the issue of the stock in £10 shares to the value of E30,000, and The motion was agreed to without discussion. Mr Bowen asked whether the chairman had been over the works lately. The Chairman said no, but he intended going over at an early date. In addition to the particulars given by the chairman we may add that the E30,000 referred to is only part of the money whieh the Great We-teru Railway Cam- pariy have aureed to fiuti, partly ou preference and debenture stock and partly ou mortg ige. Tho sinews of war are. therefore, forthcoming, and a correspond- ing amount of activity ia observable in the progress of work of bitension "hich is going on at several places between Crymmych and Cardigan. Those people (and they are not a few) who have, through long deferred hope, been led to speuk of tho" railway to Carduan" much as they would "peak of the Milluiiitim, way, therefore, expect too sco that long- desired and much-needi.d project completed within the tinw contracted for—next May twelvemonth. • ■'

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