It is not often that Royal sanction is given to the undertakings of shareholding companies; but the new harbour at Holyhead, while it was constructed at the cost and for the benefit of the London and North Western Railway Company, has so much importance for commerce and traffic, as to make it a national object. The Prince of Wales was accordingly asked to inaugurate the new harbour, and a large number of distinguished and official persons were invited by the Directors to be present on the occasion. At the luncheon, the Chairman of the Company proposed the usual loyal toasts, and the Prince of Wales responded in the following terms:-- "Mr. Chairman, Ladies, and Gentlemen,--I am deeply flattered by the kind manner in which this toast has been proposed and received in this large and distinguished assemblage. I feel it a matter of the greatest pleasure, and at the same time the greatest pride, to be among you here to-day. It is a matter of pride, ladies and gentlemen, to be connected with this Principality, and it has afforded me the greatest pleasure to accept the invitation of the Chairman and Directors of the London and North Western Company to inaugurate this new harbour. It is not the first time, as you are aware, that I have had occasion to come to Holyhead. Seven years ago I had the pleasure of inaugurating your breakwater, which I am glad to see is now successfully terminated and is of the greatest possible utility. The sunshine we have enjoyed to-day may be taken as a good augury for the success of the London and North Western Railway Company in their new undertaking. This undertaking has cost them a very large sum of money, but it will, I am sure, be of the greatest benefit to commerce, and will tend to make the Holyhead route still more than it is a connecting link between England and Ireland. Before sitting down I have a toast to propose, which I feel sure you will drink with the greatest pleasure; it is 'The Health of the Chairman, Mr. Moon, and Success and Prosperity to the London and North Western Railway Company.' I also desire to declare the new harbour open." Both on land and water there were many loyal demonstrations; and gentlemen representing all the leading railway companies, French and Irish, as well as English and Welsh, were entertained by the Directors of the London and North Western. The opening sentences of a leading article in the _Times_ on the following day, form a tribute due to the Prince for his part in the ceremony:--