The Express.
London, England, 1855-08-11 00:00:00

LONDON AND SOUTH WJSTIZN RAILWAY.

The adios, kilfiriply waft st_thi!
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was yourdwg varammowa 3b•
W. I. CRAM% /LIN idea eif t dhaetews poP,
aiding. The PIMA Ms sheerly angered di
the Daily Nook.
The 'plata sessent ealanited a lade of neeipts esseentla
do 9,116,74 U. Br. 2d. ; the UPI shift esphil,
*epees:meg spa, beteg es &dem I POP 'Pitied to
dividend tee de seethe, &Wen Is, Ild.; espitel en-
titled to diddled from 4th Jose to dith Jew, 113,3:iLa
capital sodded to dividead. 6,122,11731. Bc. 8.1.; 48
.palled, 461,0761. 13s. 441; nsPeedverted Gosport sidelet
14,4001. ; total, 7.369,061 E The seeneeary of the belidelg
sheet gave • total of 376,61111. lie.; the cash at WOW,
Pia 113.0701. 6e. 3d. ; cash lest at Pima Illedeghl
beakers, 112,9961. 18s. Id.; the Please of MOM dlegaet,
103,5484. 10.. 31. ; and of the lenses sesedidgidd,462l.
Ild. The length of Unscented wee
The CHAIRMAN, in upon thesauri, said it was
Brief, but he hoped it would sevicthetess be eeseptatils.
The statement of trate, he thought, they walla eowsider •
gratifyiag sign of progress, while the espeaditere sorteinly
deuced *peony; and, on the whole, the direeton dagered
themselves that the results of their report world beer soa-
ps:um with ell the reports issued this season through the
copier. Ile thought it quite unnecessary to take up the
tine of the gneiss by remerhing further upon it, and
therefore at care proposed that it should be accepted sad
adopted.
Mr. U mud moonded the motion.
Mr. Woone said that at the last half-yearly meeting the
direction bad hoes called upon to furnish • belanoe-sbeet in
Mature, as they were bound to do by the act. There was,
however, no such balance-sheet given on the present cow
aloe, and the account was sot satisfactory without it.
Mr. SNOWS rose to otdor, sod went ma to observe that he
thought the report a very satisfactory one. They had sow
• dividend at the rate of 41. 7r. 61.; last half-year it Pm
41.5.. ; and he thought it likely to be their lowest dividend
la the month of Assert for all time to come. (Hear.)
11.r.Woorot insisted that it was compulsory upon the direc-
tors to furnish a full belanarsheet.
Mr. Horse, a one of the auditors, contended that the
statement of smuts, as contained is the report, was quite
sulllciset, sad urged that the sagas' of printing the
halsnersbeat Is Mall wield le asemosis. If, however, Mr.
Wood wished boned the hslemedellest, he could ban it.
Mr. WOODS said be would glee it hie attention when in
r at, sad not before. He wished to cell attention to the
and Cr. diton and North Devoe lines, upon which
160,000/. had been spent. The directors had told them
before that they would be remunerative ; bat they were
paying 9,0101 a year off their own dividends. sad altogether
had paid 40,0001. The chairman, in a letter, last October,
told them that the lines would certainly yield 6 per cent.,
end would probably yield 8 per cent. ; but he (Mr. Wood)
thought they would be fortunate if they received 3 per sent,
end then they would be paying 50,0001 a year, end getting
15,0001 , and so there would be an annual loge of 35,000/.
Then there was • charge of 19,000/ fora new steamboat.
He did not know bow the expenditure cams to be incurred,
bet would be glad to see • statement as to what they were
likely to get for it.
The CHAIRMAN said he hoped manses would in future
some • day beforehand, and get the report explained, as
they put so many questions, and laboured under so many
usigmmeeptionr, that it was almost imp sibie to satisfy them.
(Laughter.) With regard to the balanwsheet, their poli-
sher would satisfy them that the statement famished was
quite In accordance with the set of parliament.
The Bottetron said that the 116th clause of the company's
own act, by which they were guided, perfectly justified the
Purse which they titanium.
The Cceradsx renmed—With regard to the Enter sad
Crediton and North Devon lines, he would offer • few ob-
servations. The tint bed eat 62.7221 , and the North
Devon 117,6951. The North Devon had only ricestly
started, sad its dividend would be shown on • future dray,
end the Crediton line last week yielded • receipt of
smile, which, ice that country, and with s careful expesdi.
tare, would, he apprehended, give them a ntisfactory divi-
dend, as the North Devoe trade was now brought to Enter
over it. (Hear, hear.)
After some further discussion on various points the
Polio& for the tampion, and adoption of the report wee
unanimously agreed to.
The CHAIRMAN then moved the declaration of a dividend
for the halt-year, at the rate of 41. 7s. 6d. per cent.,
to incase tax, to be payable on and after August 10.
The resolution was seconded and adopted nem. cos.
The CHAIRMAN said as arrangement had been conis tee by
the directors, that the exegeses for counsel, &c., of the lib-
erators from their late bill, in going before the House of
Lords, should be paid by the company, and he moved that a
gem of money should be voted for that purpose.
8 1 Snareholden inquired "How much?"
The CIIAIIMAN said the amount was not yet quite de-
finite, as some of the bills had not been sent in; but it would
not exceed 6001.
A $111.,---

objected that they you'd have an oppo-
sition brought against every bill they might have if they
paid the expenses of the opposition. (Hear, hear.)
Mr. TITS. M.P., seconded the motion, which was then
agreed to, and
The proceedings closed with a vote of thanks to the chair-
man and directors.