The Express.
London, England, 1867-07-22 00:00:00

UNITED DISCOUN(TT
iffsß )
PORAIDAY.

To-day at noon the first ordinary general ram
ing was held at the London Tavern, Capt. bie.vut4 in tki
chair. _

The following is the report of the directors :
" The directors have the satisfaction of banding to
shareholders the accompanying statement, showing
result of the operations of the company for the put
mouths : --Out of the net balsam the dumctors prop, to
a dividend of 2s. hil. per share, being at the rate of rat ..
more than 51per cent. per annum, and to carry form",
balance of 1,, 71f. 4s. 4d. to next half-year's accouut.
directors have much pleasure in assuring tbe pftpriej,
that the business of the company is propesung very
factorily, and that the new and valuable accounts
have recently been opened show that the prugpens of :se
oorgoratian are most encouraging.
Balance-sheet, June 30, le47.—Dr. : To capital ,o,
munt-22,4251 shares, on which 6f. per share have Fo
credited sad gilled, 134,55:if. ; less arrears,
130,85/.; to loans, deposits, la., 1,5952731. ; .10
amount at credit, as per annexed statement, 8,127/. h. A.;
total, 1,734,253/. 13e. sd. Cr.: by cash at various brirkft,
49,1051. 68.241. ;by bills discounted, sa 1,675.192/..;& by premises, furniture, I:c., in Abeburch-lane, ; IN. lid.; by preliminary expenses, 1,15 G. Is. Id. ;aW
1,73{,2331. 13?. .5d- . . _

"Profit and Ices account, 30th June, 1867.—To
expenses, including salaries, rent, taxes, and all wiel
charge., 2,0781. la. 11d. ; to rebate of interest on 64,4
counted, not yet due, carried forward to new wow,
3,232/. fis. 4d. ; to dividend of 2s. 6d. per share on
shares taken up, 2,803/. 3s. 9d. ; to ditto merry.' se 2.15. t
shares not taken up, 320/. se. ; to balance "Med ferwari
to profit and loss new account, 1,771/.4D 4d,--t,.127/. Is. A.
total, 10,203/... 4d. By gross profile to date, 10•:!/d
3s. 4d.

The CHAIRMAN congratulated the meeting on the foot
that all that the directors bad to tell them wx good,
although the low value of money had kept down the pro.
fits below what he hoped they would reach on schsciatut
occasion.. The bills discounted, 1,675,19'24, were „,„he
average bills of about 76 days currency, and the un..gel
was satisfied that they were all of a satisfactory chukter.
The premises, though worth considerably more,were tut,
in the balance-sheet at what they cost. The pre.
liminary expenses were heavy, but printurg.
gistretion fees, and other necessary charge., „ere
always heavy ; but in their Cabe every siroft
had been made to keep them down to the lowest point,
The number of shares taken had increased to 23.7,013,
which showed that the company was gaining is phi
confidence. The directors, feeling that the bard was
somewhat weak in its constitution, were endeavouring to
make arrangements for strengthening it by the ictroductioa
of some gentlemen of commercial experience and Wham
There was no present intention of making a call, oar did
he see any prospect of a further call being mammary is the
future.

iii:COLCHEMTER seconded the motion, which van
ried unanimously.
The dividend of 2s. W. per share was confirmed,
the outgoing directors and auditors having bees melee
the proceedings terminated in the usual way.

VICTORIA STATION AND PIMLICO RAILNA
CONFAB Y.--(THIS DA K)
The eighteenth ordinary half-yearly meeting (
the above company was held this day, at the office,
Westminster-chamben, Victoria-street; Mr. IV. Ur, XP
in the chair.

y, the secretary, read the report of tie
directors, which stated that the available balance at it.
credit of revenue account for the ball-year ending Jute
30 allows of the first payment of the maximum ilividta!
of 9 per cent. per annum, leaving 1,5341. 19e. ld. to
carried forward. Although the past six months have bee
a period of extraordinary and calamitous &Trianon a
railway property, the directors have, throughout, iv
tained their confidence in the stability of tb
company's prosperity, and the soundness of its pain.:
That confidence continues unabated. The bill, prn....1.
by the directors of the London, Chatham, and Dover cm.
piny have had to be carefully watched ; but in the co,
promise bill in which the venous measures have mete 4
the interests of the Victoria Company are fully protect<4,
and its rights and remedies reserved.
. .

The CHAIRMAN, is moving the adoption of the repst,
congratulated the shareholders on arriving at the dwakat
of 9 per cent, which there was no doubt would be condt
need in perpetuity, with the addition, occasionally, of a
small bonus. (Hear.)
Mr. Ewen seconded the resolution.

Mr. FRANKLIN, in reply to a shareholder. said the in.
come of the company was derived from a sum of 232,u5f0
paid in equal portions by the Great Western and Lemke,
Chatham, and Dover Companies. The portion doe Ina
the latter company had been duly paid to this company op
to the Ist of April last, but the Great Western hed not
yet paid its portion, but it would be paid in the course of
a few days.
The report having been adopted, and the dividend
clared payable on the Vith inst., the proceedings dosed
with a vote of thanks to the chairman.

MUCK= mum -(7ms DAT.)

MONDAY, J1:11-.T 82, 8 1.11.