The Express.
London, England, 1863-02-12 00:00:00

VICTORIA STATION AND PIMLICO.

Yesterday the half-yearly meeting of this corn-
pay wee held at the offices, 19, Duke-street, Westminster,
Mr. W. Lan, M.P., in the chair.
Mr. BULANT, secretary, having reed the advertisement
convening the meeting, the report (which has already ap-
peared) was taken as read.
The enemies, in moving the adoption of the report,
said he must offer a few observations on the successful pre-
plan of the oompasy up to the present moment. (Hear,
beer.) They bad now brought themselves nearly to the
close of their outlay, something like 7,0001. only having to
be paid to Mr. %elk for the completion of the station. He
believed that the proprietors were aware that the company
bad so made its arrangements that the recta from the Lon-
don. Chatham, and Dover, and the Great Western Companies
would progress until 1987, the rant increasing about i per
cent. per annum until the year he bad mentioned. The
rent in that year would be 32,0001. He might observe that
although they had a very large station, which afforded
a great amount of accommodation, they found that the
public required greater facilities an were now afforded
to them, and on this subject the directors had
had several meetings with the Brighton and the
Leedom Chatham, and Dover authorities for the purpose of
carry" out some further arrangements to untidy the public
demands. (Hear, bear.) The result wee a provisional
agreement that, should the Brighton and the Chatham ad
Dover Companies obtain the bill they had presentd
this session, to widen the line, the Brighton would pay over
to this company 1,12.51. per annum in perpetuity, commenc-
lag 18 months after the opening of the new portiou of the
lino. These arrangements would bring the Victoria Station
Company to this very satidactery position. Their ordinary
share capital was 225,0001., their preference stock 130,0001.,
and the debenture stock 137,5001., making a gross stock of
492,5004 The income which would be derivable from the
rent of the London, Chatham, and Dover and the Great
Western Companies would be, aa he had said, 32,0001., and
the commuted Brighton extra traffic would be 1,1251.,
making a total income of 33,1251. Now, the
interest on the debenture stock was at the rate
of 4) per cent. per annum, but some of It
wee at 4 per cant. ; that amounted to 6,0001. The
preference dividends were 5,8501., and a dividend at the rate
of 9 par cent. on the ordinary dock would be 20,2601. ;
making together 32,1001., leaving, therefore, a surplus for
office, directors' and other expends, of 1,0251. He thought
that although there were SOON large and valuable properties
in the metropolis, yet none were !coal to that of which
they had so fortunately succeeded in obtaining possession.
(Hear, hear.) He then formally moved the adoption of the
report and the statement of amounts.
Yr. J. Elan seconded the motion, which was carried
unanimously.
Mr. W. M.P., and Mr. J. Witt, retiring directors,
and Mr. G. F. Holroyd, retiring auditor were reelected,
and the divided of 21 per cent. for the half-year was de-
clared.

A cordial voles[ thanks to the chairman and board of
directors cloned tholoossedinp.