The Express.
London, England, 1862-08-27 00:00:00

RAILWAY INTELLIGENCE.

SBNT COAST.

The tenth half-yearly meeting of this compaz
was held yesterday st the Mee in Victoria-street, W
Muster, Mr. E. J. }limos is the chair. _ _

report, which has already
airerCinntman mill he hail to congratulate the share-
holders on seeing something like a definite prospect of one
of the most important lines that have ever been projected
being carried out at an early period. The &Meters had
made arrangements with Mean. Peto, Betts, and Cramp.
ton for doubling the line between Herne Bay and
doubling the hoe from Faversham. He had also
to congratulate the shareholdtes that the clinician
had been enabled to effect an arrangement with the
Board of Trade for carrying out tramways to Baunagate her-
hour. This was an important matter, for it Ina has opinion
that tramways would open a traffic to the harbour to an
extent they could hardly contemplate. It was his count-
tion that those tramways would yield great profit to the
company. The shareholders would have learned from the
report that the works were proceeding satisfactorily. He
could personally hear out that statement, having recently
been over the line. If they had a mild and dry winter, he
saw no reason why the line should not he opened in Sep-
tember, 1863, but at all events they would open the line to
Margate by that date. He concluded by moving the adop-
tion of the report.
The motion having been seconded, after some conversa-
tional discussion, was unanimously agreed to.
Certain shares which had not been paid up in full were
then declared forfeited.

The meeting wee then made special, for the purpose of
considering the propriety of rasing additional capital,
required for the works about to be executed.
The CHAIRMAN then moved " That, in pursuance of the
powers panted by the Rent Coast Railway Act of 1136 X,
the directors be empowered to create and issue new shares
in the ordinary capital of the company to the amount of
964,0001., and also to borrow on mortgage, or otherwise,
any sum not exceeding in amount &5,0031."
The resolution was seconded and agreed to.
A vote of thank' to the chairman concluded the pro-
ceedings.

SEVENOAKS, MAIDSTONE, AND TUNBRIDGE.
The sixth half-yearly meeting of this oompany_
was held yeeterday at the office in Victoria-street, Welt.
minder, Earl Ammar in the chair.
The Sacarraar read the report, which stated that the
line was opened as a single line on the 2nd of June last, and
as far as can be judged from so short an experience the
amount of traffic has been most satisfactory. A bill was
introduced into parliament in the last session for extending
the line to Maidstone and Tunbridge, while the South
Eastern Company promoted a bill for making a line from
Lewisham by fievenoaks to Tunbridge. The board were
able to affect an arrangement with that company, by which
the expense of a parliamentary contest was avoided at the
same time that& largeaccession of traffic was secured to the hoe.
By this arrangement the company are to make the extension
to Maidstone And the South Eastern their line to Tunbridge,
but the company are to form a junction at fieveneaka 'nth
the latter line, and the South Eastern are to book passengers
and goods over the line of the company between Hi
Tunbridge Wells, and Tunbridge, and the stationsosM
Loudon, Chatham. and Dover Railway at the City and
Westend.• The bills for effecting these objects have re-
ceived the royal anent. In anticipation of the additional
traffic to be derived from the extension to Maidstone, and
also from Tunbridge, Tunbridge Wells, and Hastinp, a
double line is being laid over that portion of the maned
which is already open.
The Quinn/Jr, in moving the adoption of the report. con-
gratulated the shareholders upon the improved position of
the line since the last half•yearly meeting. After conside-
rable exertions the directors had succeeded in effecting an
amicable arrangement in respect of the proposed compel*
lines with the South Eastern Company, by which muck HU-
gation and expense would he avoided, and the traffic at the
line considerably extended. This he thought mint be very
satisfactory to the shareholders: -

Mr. HILTON seconded the adoption of the report, which
was agreed to.
The meeting was then made special.
The CHAIRMAN said the arrangement he had alluded to in
moving the report would render necessary the laying down
of a double line of rails over a great portion of their line, and
tortilla additional capital for that purpose he had mow to
propose• resolution which he trusted would meet the ap•
proval of the shareholders :—" That in pursuance of the
power of the Sevenoaks, Maidstone, amid Tunbridge Railway
Act of 1862 the directors be authorised to raise additional
capital to the amount of 75,0001. by the farm of 3,750/. new
or preferential shares of DX each, such shares to be entitled
to a dividend at the rated 6 per cent. per annum ; and
that further, under the power of the said act, the directors
be empowered to borrow on mortgage or bonds a sum not
exceeding in amount 25,900/."

Mr. taros seconded the resolution, which was unani-
mously agreed to.
Mr. W REFORI3 moved a vote of thanks to the chairman
and directors for the satisfactoryarrangement they had made
with the South Estero Company and their general attention
to the grain of the company.
The resolution was carried, and the proceedings termi-
nated.

LONDON, CHATHAM, AND DOTER RAILWAT.-.-011
Moods y the metropolitan extension at this line, between
Victorie.statioa, Pimlico, Battered& Park, Clapham and
Herne.hill, was opened for public traffic. The line is four
milesin length, pawing through a pretty and populous subur-
ban district, which will be accommodated with four services
of trains each way daily. All the trains are first, second, and
third class, but at present passengers cannot be booked
between Victoria-station and Battersea, the latter being a
station of the Brighton Company. The line is in course of
being further extended to Beckenham, and when completed,
will have the effect of considerably reducing the existing
distance between the west end of London, Dover, and the
continent. The new permanent front of the Victoria.
station has also jest been completed. with spacious pas.
longer accommodation and offices for the company overhead.

Mtn-KENT RAILWAY.—BROMLEY TO ST. MARY
CRAY.—The half-yearly meeting was held yeetezday.st the
offices, South Sea House, Mr. W. Dent in the chair. The
report, which has been published, was taken as read. The
chairman, in moving the adoption of the report and state-
ment of accounts, congratulated the shareholders on the
improved position of the company, which was owing in a
great measure to the very able manner in which their busi-
ness had been conducted through the severe parliamentary
controversy wh Lib the company had been subjected to since
its establishment in 1836, between the London, Chatham,
and Lover, and the South Eastern companies. He hoped
the time was not fez distant when they would be able to
declare a larger dividend than 3 per cent. per annum. The re-
port was unanimously adopted. The chairman moved the
adoption of the dividend at the rate of 3 per cent. per an-
num, free of income tax, which was agreed to. Mr. Brown
moved. "That the best thanks of this meeting be gives to the
Newmarket directors for their services for the last four
years, for which they had received nothing ; and this meeting
is of opinion, and it accordingly recommends, that provision
be made at a future time foe their remuneration." Mr.
Ferris seconded the motioa, which was carried. The meet-
ing then separated.