The Express.
London, England, 1862-08-22 00:00:00

[s.tampiki,.la.

RAILWAY INTELIAGENCE

armsree arm HOLYIMAD.

The half-yearly general meeting of the Aare-
holders of this company was held at she Eustou Station
yesterday ; Mr. MOON in the chair.
The SHLSZTARY laid on the table the statement at im-
mune., showing a below' in band of G 6,0741.
The CHAIRMAN moved that the statement be received and
adopted, which was agreed to.
The meeting was then made special for the purpose of eon-
, sidering and determining, in pursuance of the London and
North Western Company's Capital Act, 1862' as to the
creation of new preference stock not exceeding 2,468,0001.,
bearing an uniform rate of interest in five per cent. per
annum.
The CHAIRMAN said the object of the proposed conversion
was to enable them to convert all the varietin of stock in
the Chester and Holyhead Railway, into nee, so that there
would be only one uniform stock in tutors. He moved a
resolution authoriaiog the company to create and imue stook
not 4moceding 2,468,0001., bearing • preferential dividend at
the rate of 51. per cent per annum, to be guano-
teed by the London and North Western Company,
mak stook to be, with the consent of the
Loudon and .North Winters Company, applied exclusively
in substitution of surrendered shares of • this oompsey in
the following proportions, that is to my :—For and in lien
of every 1001, stock of tha Chester and Holyhead /untied
to dividend at the rate of 51. per cent per annum, there
may be issued guaranteed stock to the amount of 1001.
for and in lea of every 1001. stook of the Chaster and
Holybeed eatided to dividend t 10s. per cent., there
may be issued guaranteed stock to' the amount of 110 f. ,•
and for and in lien of every 1006 of the ordinary stock of
the Cheater and Holyhead, there may be issued, after the
let of March, 1863, the said guaranteed stock to the mount
01
. .
A HARZHOLDIR asked if WI Mould affectEloble.4l
the on'
ginsd shareholders.
The Sixasrsur said it would not. They need not !sur-
render their present stock for the new stock unless they
pleased.
The motion was thou agreed to, and the meeting sepa-
rated.

LLI'NV I rALLEY.

Yesterday the half-yearly meeting of this uom-
rany was held at the Gast Western Boyd Hotel. Pad-
dingtoa ;Yr. A. irCinema in the chair.
ter. SAUNDERS (the Secretary) read the report, which
stated that the accounts for the half-year ending the 30th of
June exhibited coadderable improvement, arising from an
augmentation of the traffic. The iron, minerals, and mer-
chandise conveyed along the line bad amounted to 169,228,
tons, heist 32,159 tans more than the tonnage of the pre-
ceding six months, sad 34,727 tom were than during the
corresponding period of the past year. The receipts of,
revenue had been 9,4011. against 7,307!. for the preceding
ax months, and 4,8541. for the oorrespoading period ol the
past year. The working expenses for the half ear had
bean 3,150/„ and after deducting all interest on debentures,•
bonds sad other liabilities, the net Wanes available for divi-•
deed was 4,2371., against 3,0521. at the close of the penes
ding six months, and 2,023/. at the 30th of June, 1861.:
The preference dividend 4 6 per mot. per annum would'
absorb 3,2711., leaving a balance of 9651,. to
which the directors proposed to add from the reserve fun
a rum of 4151., making 1,3811. for the payment of a divi
dead on the ordinary stock, which they recommeuded to
declared at the rate of 4 per cent. per annum. The reserve'
of past profit would then amount to 6,7911. /hey bad chi
tamped a new act giving power td rites additional capital to•
the extent of 40,0001. The report stated that hltatiskalt
the rate of 5 per cent. bad been charged to revenue apace
26,0001., being the amount of lisbliftles on capital account
The adoption of the report having been moved fad as:
made&
The CHAIRMAN, in answer to a question from a Feopristorj
said the amount of liabilities for law and parliamentary exi
parses for the half-year was 8501.
The report having been adopted, the meeting tree
special, mad the directors were authorised to raise 40,0001.
in shares of 101. each, with a preference dividend of 5 per
met. in perpetuity.