The Express.
London, England, 1865-11-30 00:00:00

LATEST SPORTING INTELLIGENCE

(sT menu° TII.IGILYL)
CROYDON MEETING.—{THIS DAY.)

HANDICAP PLATE.
K M. D.
Beim •••

4 ran.

SELLING HANDICAP. Two mass.
Sosw. 124 t Thb ; ExPross. list 121 b ; While Stoekiog,
list 91b ; Idiot, list 416 ; Notiamdale, lOst nb. ITO
here.
HANDICAP PLATE OF 100 SOUS. About two miles.
Flyfisber, 12.1 101 b ; O'Ltura, llat 51b ; Goeseliawk,
lOat 12Ib ; Disappointed. 10et 121 b; Sugar Candy, lOst
101 b; Salamander, lOst 71b ; Simpleton, Hist 41b ; Meers.
cbeum, 104. All aro bare.
SELLING STEEPLE CHASE. Tares miles.
Serious Cam, 2001. ; Gonshawk, loot Netherdes, ICOI.
All are here.

GRAND TRUNK RAILWAY OF CANADA.
(THIS DAY.)

The half-yearly meeting of the shareholders was
held at 1 o'clock at the London Tavern ; Mr. E.
WATKIN, bI.P., preekleot, in the chair. It was
announced in the notice that after the ordinary
badness the meeting would Ka made et
" for the purpose of considering, and, if eo determined, eg
authorising and approving the agreements undermentioned, I
or either of them, which will be submitted to the math'',
being—let. An agreement between the International
Bridge Company, the Atlantic and Great Western
others Railway
Company, the Grand Trunk Railway Company, ad ,
for the we of the international bridge on its completion ;
sad 2nd, an agreement with the Erie sod Niagara Rail-
way Company, for the use of that company's line of rail-
way."
The report andaceounts having teen taken es read.
The OBLIMILI4 explained the moon why the meeting had
been called so late, namely, that he had recently paid a visit
to ()scads, to examine the state of the line and the
finances, and that it was thought best by his colleagues that
the meeting should be patPoned till his return. They were
now enabled to report up to to date as late as tbe 28th of
October ; and he wan happy to ay that the traffic return.
just cived showed a receipt of 30,87 X. for the week, being
an increasec of 9,0001. over the corresponding week of last
year. He admitted that the report was not satisfactory ; but
he found Canada almost in • state of war owing to passing
events, and that made the state of afar, quite excep-
tional. Moreover for two years there was • government
in Canada which seemed determined to disregard ita
obligations. There was now, however, in power a govern-
ment which seemed disposed to do jostles to that eemecawas
y
as well as to the people. and the postal question
now settled in • satisfactory manner. The bar-
vest, too, bad been an abundant one • and
the American war hod happily come to an end. The ex-
penditure of America was also now reduced within bounds.
Under these circlunstaeces they had cause for encourage-
ment and hope in reference to the future. (Cheers.) Gas-
Gauen who ooropheued of the management forgot what
might have been the position of the company but for the
coarse pursued by the directors. Five years ago
the Grand Trunk net revenue amounted to only
72.0004 a year ; he hoped that this year it would amount to
nearly 400,0001. (Hear, hear.) There were at one time
serious thoughts in Canada of foreclosing the mortgagee and
thus scattering their property,and that danger was now ter-
minated. The dispaitiun to embark in new enterprises
which existed in 1857 seemed likely now to be revived, and
that would naturally be attended with a revival of pros.
parity. Had there been sufficient plant even lately the
traffic might, he believed, have been 40,0004 a week.
This was the first time that the receipts of all the branch
hese had been included in the accounts ; and hence there
was a very large apparent iocrean. The grove receipta of
the half-year were 614,0001, spinet 397,0001. in
the corresponding half of 1864. The disagreeable
feature io the accounts was en increase of 36,0001.
in the working expenses, but that was unavoidable,
He then entered into • statement of the losses incurred by
I lewd lines, adding that though many of those
Buse showed a loss when viewed alone, they contri-
buted very largely to the traffic of the main line.
The fact that in the lea half-year the compsay had raised
180,0001. inCansda evinced a return of confidence in
made the
lice in that country. Various proposal.' had been to
tbe rd with • view to t increase of tbe plant, includ-
ing the scheme of • rollinghe stook company to be repaid gra-
dually, but he thought it was id ways beet
that a company should find its own plant. (Hear,
bear.) From • report just received from Canada,
it appeared that the gross receipts D
SO the
united systems et
hoes in the current kalf-yestr up to the 28th of October
emonnted to 478,8171. against 408,7401. in the sane period
lest yea. being a increase of 15 g per cant. The net profit
was 144,1821. apinst 87,7411... being an increase of 67 per
cent (Cheers.). In conclusion he entered into the qua-
tionof paying interest to the preference bondholders, and dl.
vides& to the shareholders, contending that the weed
course was to apply for the present any available re-
sources in getting the line into good working order, and
expressing his belief that if that policy wen) pursued
interest and dividend might be paid at no distant period.
After some discussion the report was adopted, and reso-
lutions in accordance with the notice agreed to.