The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1882-04-04 00:00:00

BRIDPORT RAILWAY COMPANY.

Oa Fri lay Wit, at the Brit Wdd As4emb4 RoJam, was
held we Era..h Itait•yetrly. ordmary gemmed meeting
awes co away, under me eaaxess.iship of Mr. W.
Swatzttbge ((Madan tn of Di rectort..) row. sere present—
Meant J. Y. F. Oesdry illeouty-chairmen), F. W. Dan-
•lry, (.1 O. Marine, G. Slut mit (D trebed.er). W. Knight,
C. £luiu.l. (Ago: of 11.11p,rt). W. C .11,x, J. W.
Stesuldge R. K Awns, W. It. Owen. S Waettwo,
Mowed, J. Logy W. E. Manley, W. E. Corner, W. K.
Brown, A. S. UUtI,J Brecoola, I'. £loi.rnlo, W. A
Foiks C. ?Mitred, It Greaten, (1. A. SeJnem, and N. IL.
Llu, IcCret4ll.
The notoe cossetting the meeting having been rest, the
me o: the c 'mosey nee seltol to the regirter of Pester-
ence and 0.-4issee &mesh riders.

Oo tee outlet; of the thwastut, the statement of
a-counts tiresomely circulated wee adopted with the
fol'oeang report:—
" Ton Directors are glad to be obis to congratulate the
Proprietors on the improved swung' of tins reilivsy, wad
the Lager teen usual beleoce available lor dividend for
the last half year. Toe purchase of the how*" and
gerdene new the Briiport Station have been completed,
and toe worki for die improvement ot the Section. whiete
have Wee uuderthen by the (hut Westana B. &away
Company at the •oloolat of eibea Eagine•e. maims," ere
nearly competed. In view of bang able to atrenis to
mate the ettansion to tars Herbour before the Act of ICJ
expire', and of ohteitung toe money at lode than eve per
coot interest, the meeting is made "Lucid to autoorhe the
issue of preference shares at any rate leas than five per
out ; tee previous molted in of into March, ISt), fixing
the rate at dye per mot Of,. Wititain Swatridit, suit Kr.
Wellia Swam, two oi tee directors, retire by rotation.
Mr. SMltrilge her given notice of his intention I. ••• lot
re-lelecUoe, and Yr. William Hewett IL Way, of Bridport,
•olieitor, has wee notice of bee ll:iteration to oder tumult
for elute% al • direetter in the piece of Mr. Strain. foe
Dirodors recomasul • dividend of sot per cut. ou the
preference 'Wes. alchuns A by the Act of 1859; five per
cent on the prelereliCe elistea authorised by toe Act of
1879, watch he ben esuel to toe Glutei, of .64,0,11; *al
two and • tall per cent,, for the ball par on toe ordinary
share& the latter being free of ille4llll tu. Kr. Junes
Williams, the &odder utilise, does not oiler himself for
reelection, and .Author auditor will have to be elected in
hie place. Kr. S ;option Wardens, of Ailiost Sri Iport,
has offered himself for eleettin. To• Defectors desire to
beer tettimony to their high appreciation ofitheeervieesso
sew year. sod elfecteally reeitered lig Mr. Willis... its
uditor of teis Ouipoity, and to express their regret at kis
nit reottent."
The se counts circulated auto nt the shareholden eh owed
credit., by cash at bankers, .53,945 84. 7d.
A dividead of 6 per cent on the preference shares, •
dividend or 6 per omit, on the preference sures of 1610,
and a dividend of 81 per cent, per annum on the ordinary
shares of the C ompeuy for • balfeyter were declared.
The Dartree-Cnualux moved the re-election of Mr. W.
Bestrides as chairmen, and it we curried.
On the =boa of Kr. (doextee, Mr. William Hewett
Manley wog sleeted director in the room of Mr. William
Swain.
On tbe motion of Mr. FELITOng, Mr. Stephen Wbetham
was elected auditor in the room ot Mr. Jemes Williams.
Resolutions were then considered authorising the amain
at a lea rate than 6 per c-nt. of the shares, which, under
the prone/ions of this Bridport Raley Act, 1879, the
Oonipeny is authorised to create. Toe proposal arose
seder • resolution of the fith Kuck 1880, which read
thee :—"That the directors be authorised to create and
lune ant exoseding £42.000 in 4,100 shares of £lO sects,
each Awes to consist of either wholly or patchily eis pre-
ferential shares or stock" as they may think fit, the Peeler-
ewe slam issued to be al5 tea cent."
In reply to guestioas from Mr. STKONDS. the Motel,
end other undertook the SgringenT and DIPUTT-Cgala•
MY stated thut lbs not:cud en we not for the elevate
purpose of tiler 1. the II orbour ; the shareholders would
not I. committing themeelviee to the Herbour Scheme,
but what they were &had to do was to alter the ree elu-
tion, and give the direstors the power to issue
the preference shares under the Act of ISM at •
rate not exceeding 5 per wort, instead of et
5. as the resolution stated. It was not • foregone
eciacluelon that d the Directors did get the money teas they
would go on with the extension to the Harbour: but if at
any later, time it was intended to proceed with the
" Harbor Extend m." the shoodolders would first be cone
suited. The ooly qUeelloll before the meeting now was—
whetlisr they could get the required money at lees than 5
Pet cent., but no alteration of the power, of the
Directire
Mr. Hewett. moved' That the Directors he authorised
to raise the money at • less rate of Interest than S pee
cent." They had already deeded, as 'harsh.) tars, if
the money could be found to carry out the Harbour Ex-
tension.
In answer to Major Gaeves, Mr. Roseate said the set
of Parliament for Porpoise of the land expired in June
next, but for the purposes of coutruction of the railway
not for two years.
The reedndoe was of 'rudely put, and carried ste fol-
lows •—" Teat the Director, be suds niece! to create and
issue 'the Prig ereneeld o erne, sothonsol to he created by the
Lot of Parliament of 1879, at any rate of Interest not ex-
ceeding 6 per cud"
Mr. sirromus then rose to wik why the shareholder', as
well as the meted public, were condemned to such • state
of things at Kadin Newton. In 1879 the grievance wee
what pore Mil had to put op with at that sodie I when
travelling between Dorchester, Weymouth. and BOiport.
Tiny went to Parliament to relieve theiestelyee, and spedt
;good deal of money; some of the wn'he t ism, to go 10th.
Imbue but that wat stud ned. Oaths other hood they
found that when they 1011, DorehissWe they could go no
further then the Great Western Suttee. Non eat that
time could complain of the time-table between Dorchester
and Weymouth. Menders was tba unfortunate 'grummet
Wiesen the O.W. and thieC 'weeny, sealed about 6 months
ago. He wee not satiated with the eoudiuons, and he did
not think they ever w oil I eatisfy him. They cot someone
appointed by the Board of Trade, and most likely got an
arbitration to extead over twelve moutbs. sod would
consist In discussing whether • particular train shoold Or
should not run, le order to develop the triadic over this
line. Bet they Gould not afford to enter late an arbitra-
tion on equal tenni, for the Great Western could afferd to
spend sums of mousy which meant destruction to • small
compau like the Bridport. For two and a half years the
time table wee worked over this line in a manner that
none could ressoubly find Nutt wilt. but directly after
the agreement, the suite of thins, ifs. worn than borwe-
Unless he lef tßridport at 2 pm he coold not get to Dor-
chester till g I not witlssiandieg that there we, •
train all p.m. fronaßridport. striving at Maiden Neerten
5* and passengers for Dorchester had to resnein at tendert
Newton till 7.611x111. lie bebop' the train before thlit was
due et Dorchester about 5.11 So that • person would be
j tut se well token Brid port about 7p. m. If the object of the
omelette, wee to heels people at Brioport it had succeeded
admirably. Now, in the -moraine if they left Weymouth
at 'test they meet remain at Maiden -Newton over an
hour. The train leaving Weymouth at 1080 a.m, wee the
only one by which they could reach Bridport in •
buelmee time. By afternoon trate. Wrote had to
spend time at Newton, where de directors ought
to establish • reed on fur vol,Bol=l7* 01 weenier%
(Laughter.) If the Wales were satisfactory to the public
for two years, he should like to know why they could not
be worked the game at preuet.
Kr. W. Ketone remarked that it wee previouely
awkward to reach Yeovil, for that town was then
searificed to D iroluder.

ILr. SYMONDS : "Bat pee* ooukl and did got to Crew-
karma Why shook' this he dome directly the Bridoort
directors tied their bands for another seven years I I
should like to know if there usprospect of improvement."
Hr. ILP. Rannitin, of L Imion. a director, took egovp-
tion to the remote of Kr. U. gymonda,that the workosg
spotonant waa an unfortunate oan lie rather thought
to. dividend of 14t one coot. on the last haU-yeer's
working proclaimed it to he • fortunate one He
was surprised to hear Yr. Symonds ger there were no
objection' to the train Service for shoot two gen. for this
°camas spent almost &LOGO Ong to P t about
ti the WO" Zig% th *odd be maw