The Express.
London, England, 1863-08-14 00:00:00

CORK AND BANDON.

The half-yearly meeting of the above company took
phase on Wedaimay at the board-room, Talbot-street. Dub-
lia Mr. O'Cossoa, J.P., chairman, presiding. The ro-
w; of the directors has been already published.
The CHAIRMAN said the most important matter he had to
lariag before the meeting was the opening of the Kinsale
Railway. It was too son to form an opinion respecting
the Oahe of that line, as it had only been open six weeks;
but so far it was as goad ucould have been expected
The West Cork Railway was progressing fast in ice con-
Unietioa, seven miles being in a very forward state ;
it was only commenced within the last four mouths. ,
There could be no doubt that wheu this extension
line was made the traffic must be immensely
improved. as nearly all the goods which now went by
road would be certain to be sent by railway to Cork.
Be was glad to say that the passengers had largely in-
creased, and were weekly improving, so also were the
cattle, bat there was • falling off in the merchandise,
which was to be accounted for by the bed harvest of last
year. The rolling stock and works were in very good
eider, and they had to thank their officers for the good
working of every department. He was sure the pro-
prietors would all regret the loss of their engineer-in-
chief, Mr. LePann, who bad received a very high go-
vernment appointment. Judging from the railways Mr.
InFann had made. this company would Dave been very
fortunate if he had made their line, as it would not have
wet more than 8,0004 per mile instead of 20,0001.
The line was now earning it!. per mile each week, which
would have enabled them to pay • large dividend if the line
lad been made by Mr. LeFaeu. Mach praise was due to
thew friend, Mr. H. W. Wood, who bad snoceeded in
making the Kinsale and West Cork Railway. He was so
well known in England that he was given capital to lay out
Irish railways. The chairman concluded by moving the
adoption of the report and Motel:nests of account,.
Mr. LANGFORD, itt seconding the resolution, said he had
we doubt the extension line would ultimately pay, particu-
larlm
yin the neighbourhood of lluomanway, where he had
is lately.
The report and accounts were then adopted.
The CHAIRMAN moved that a dividend at the rate of 5i
per cent. per annum be declared on the No. 1 preference
shares of the company for the half-year ending :Anti June,

FATNI wicoaded the resolution, which was agreed tn.
the CHALELIELN then moved that the deferred warrants
issued to the proprietors of No. 2 preference shares foe
slivideads doe the half-year ending 30th June, 181:2, at the
rate of six per cent. per annum, be payable on and after the
let September next, less income-tax, on being exchanged at
th!cornpane's *See foe cash order.

Mr. \ AND sioooded th;rescialloa, whieb wan agreed
to.

ULSTER.

The half-yearly meeting was held at Belfast on
Tuesday; Mr. WILLIAM COATE'S presiding.
adopt
The report of the directors, previously published, was
ed.

The CHAIRMAN next moved • renolutioo racommending a
dividend at the rats of five per cent per annum (to pay
which 1.6661. Ila 101. had to be takes from tie reserve
fund and added to the profit of the half-year, 16,4584
Bs. fid.)
Kr. WILL/AV GRAY *treaded the motioo, which was
adopted unanimously.
The retiring directors ware thew re-sleeted, and the pro-
seediogs terminated.