The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1866-10-02 00:00:00

BRWPORT.

MR. WILDWAR.R company of theatricals have
arrived here from Crewksroe, where they have for
years, in their periodical visits, been heartily re.
*aired and well supported.

RRIDPORT RAILWAY COMPANY.

The Tint heftiest'', ordinary general meeting of
the Bridport Railway Company took Ow" at the
Townhall, Bridport, on Wedoeeday, the 26th, inat.
Mr. Legg (chairmen of the company) in the chair.
Also present : Meseta. W. Smith, J. P. Stephens,
S. Stephen., B. P. Gandry, T. Colton, W. Collor,
W. if. Chick, J. Pope, W. K. Brown, C. Newberry,
J. Denham, and S. Diller. .

_
The report and statement of accounts, which we
published last week, were taken's@ read.
By the statement of accounts published it appears
that the authorised capital of the company : -
ordinary shares. £6.5000; preference shares, £20,000;
debentures, £21,600; total, £106,600.
Mr. Leon moved that the report and statement of
accounts which have been printed and circulated,
and may be takes u now read, he adopted. He
said in doing so he was not aware of anything which
required particular remark. Although no dividend
on the ordinary shares was as yet proposed, stall the
affairs of the Company had been brought, by patience
and perseverance, into to healthy • condition as to
justify • repetition of the hope they bad frequently
expressed for the future. With regard to the Great
Western, as their differences with them were being
carefully attended to by the professional gentlemen
on each aide respectively, it would be obviously
only prudent to abstain from discussing these matters
on the present occasion. The shoreholders might
rely on their omitting no efforts to bring things to
• satisfactory conclusion; bathe recommended that
this meeting should abstain from all remarks at
preeeht, respecting those differences. As to any
question of extension, the Directors bad not com-
mitted themselves to any. In the event of any
scheme being submitted to them, they would give it
their beet attention ; hut only so far as might be
compatible with the interests of the shareholders.
Mr. Slum seconded the motion, and it was
carried.

ThMrS. STRPHIeig &eked if the Great Western Corn.
pees bed moirareted the eztemion of the line.
lin Lau said they bad not.
Mr. W. Cotton uked if they had the power to
sell the 16 shame declared forfeited.

If r. %mu said they bad.
Mr. %V. Comm: asked if they would be sold
rallied to calls upon the balance of each share not
paid up.
Mr. Swint said no, they would be sold vs if the
whole of the £lO (the nominal value of the shares)
had been paid up, though the whole amount had not
been pen'. That was the legal way of selling them.
Mr. GUXDRY inquired bow much had hew paid
up on these shares.
Mr. Swim said the average amount was about £2
per share.
Mr. Liao proposed that • dividend at the rate of
5 per cent, per annum be paid on the preference
shares of the Company for the half•year ending
20th June, which Mr. Blum seconded and it was
carried.

Mr. LEGG then proposed that the forfeitureof the 16
ordinary shares of the Company, mentioned in the
report,be now confirmed, and that the shares be sold.
This wall seconded by MT SMITH and carried.
_ _ _ ..

Mr. Pont said the report was not • favourable
one, it was held out at the last meeting that • small
dividend would shortly be declared ; it was a quail-
lion therefore whether these shares should be sold,
and whether it would not damage the property to
do so.
__

Mr. NEwseasr asked if it was propoowl to sell tie
shares

Mr. Su= said they did not intend to sell them
at present, but if any one made • reasonable offer
they would take it into oonsideration. They would
hereafter probably be much enhanced in vales, as
next half-year the Directors hoped to declare a divi-
dead on the original shares. They had paid £l4O
(nr land this half-year, which was en exceptional
circumstance; they did not anticipate any debts of
that kind in the coming half; and there were other '
things coming in which gave them very strops hopes
of declaring • dividend than.
A short discussion took place with reference to the
claims of the lkidportCompsoy on the Great Western
Company.
Mr. Dualmit hoped the Great Western would
give them a proper balance sheet.
Mr. J. P. firgrimus said the Great Western mast
settle the matter shortly, they had constantly pressed
it on their attention, hut public bodies like that re-
quired time before deciding.
Mr. Pore supposed the dividend depended on
bow they sell led with the Great Western Company.
Mr. Sutra said not entirely, it was the best half
of the year coming on. If a satisfactory arrange-
ment was made with the Great Western during the
half, they would not have to go into that matter
Mr. W. COL7OI inquired if they wouldn't have
to pay back the amounts paid on the 16 forfeited
shares. . . . .

P. ST/WRENS said certainly not.
Mr. W.Cotrox then said they wouldstind with re-
gard to them in the same position as with tho 74
unmated shares, lie asked if some of thaw had not
been promised to be taken up, and if so how it was
they were not.
Mr. SIMI/ said some of them had been promised
to be takeu,but they had not besu,and as the prontlwa
were only verbal they mild not if parties ohms to
run from their word, compel them to take them.
Tiny had endeavoured to dispose of these unissued
shares, he had taken a very active part himself to do
so, and tried to get his frisuds to take Shun, bet bad
not snooseded.

Mr. W. COLPOI inquired if tboy could not re-
weer the remainder of the money due on these
forfeited shares. . .

Mr. SMITH said they could not, r the time was
too long gone by, sad they would be barred by the
Statute of Limitation& . . . . .

Mr. W. Coma knew that, but what he meant
was would not the parties feel bound in bonJur to
pay the money.
Mr. Sierra said that honour was at a terrible dis•
*oust now --(laughter).
Mr. NEWBIRRY asked if there wee not some in-
tention of extending the line to East Bridge and
having a new station there.
Mr. SMITH rid the question had not been brought
before them, if it should he they would call a meeting
of the shareholders before doing anything in the
matter.
Mr. BROWN maid the land Wee being surveyed and
he supposed it was the Greet Western Coinpany that
were surveying it.
Mr. Port asked had the directors taken into con.
@Moraine the question of bringing the station to the
East Bridge.
Mr. J. P. EITIPIIIINB said they had not.
Mr. POPS asked Mr. Stephens if he did not think
it would be desirable.
gr. STZPRINS said be would rather not say, as
people might thiok him selfish about it, hia hokum
being so nest of owns it must be good to him.
Some farther discussion ensued as to the amount
of money required for the extension, aid how it
' waa to be found.
Mr. DORMAN said at the last meeting there had
been a good deal of talk about a scheme for the
ostialos of the lies, end asked if it bed been
abeadoned.

Mr. J. P. filritruzus rid it appeared to be, he
had seen Ito in the newortpere.
Mr. Pore thought there we, a new regulation of
the House of Lords requiring that • certain number
of shares by the landowners in the neigLhourhood
should be taken before. 13111 should per, to show
that the feeling in the neighbourhood wee in favour
of it. He didn't know if that wail the rumen the
Hill was withdrawn.

Mr. Gum:lnv said they had nothing to do with
the withdrawal of it, he thought the want of
money was nierit likely to have been the COMM
Mr. J. P. Svcriisss said a certain number of
share. were rrquirerl, he believed, to be taken but
not from the landowners,
Mr. W. C,ourog inquired if the Lyme omnibus
was not going to be taken off, and asked, if so, if
the reason was not that the Great Western refused
to carry the passengers by it at third clam fares.
He theught it was an advantage to the railway for
the omnibus to be continued.
Mr. SMITH Mild he understood it WM intended to
be taken offend thought it was because the Company
refused to take the paseengers at third clam farm.
Mr. DENHAM proposed and Mr. Coteox seconded
a vote of thanks to the Directors, and the meeting
separated.