The Express.
London, England, 1866-02-08 00:00:00

METROPOLITAN RAILWAY COMPANY.

The half-yearly ordinary general meeting of the
shareholders of this sompany was held esterday after-
noon at the London Tavrra ; Mr. J. PABSON in the chair.
The notice convening the meeting bavng been read by
Mr. Henchman, the secretary, the seal of the compsny was
affixed to the register of shareholders. The report and
statement of accounts were taken es red.

The Camases, in moving the adopt on of the report,
said that he Omagh* it would be ameediegly satisfactory,
and held out to the proprietors • just expectation that
Inter* reports would be not less so. The two vain fee-
tons were that there was • balance of 73,8571. for divi-
sion ; and that, the narrow gauge lines to Finsbury having
been opened, the traffic was highly eatiefaetory. The
board proposed, after providing for the preference there-
holders, to declare a dividend ou the ordinary stnek of 7 per
cent, per annum, carrying over a balance of 1,7084 Com-
paring the treffic receipts of 1863 with those of 1864,
be found !ha in the former year they amounted to
101,7071., and in the latter 116,4N4, while in 1865 they
had increased to 141,5131., so that the increase from 1805
to 1864 was 14i per cent., and to 1865, 214, which was the
more satisfactory because some asserted that they had oh-
teioed their maximum in the first half-year. The fact,
however, was that in three years the traffic receipts had
barmaid 39 per cent., and there was every resew to be-
lieve that they would continue to increase, if Dot quite in
the saw ratio. at least to a considerable extent. There bed
also been aconsiderable increase in the actual amount paid
to proprietors, the increase in 1865 over 1864 being
17.0001., and hen they considered that it was paid oat of
a line sot augmented by auxiliary baffle, that would be
satisfactory. It might be asked why, it there was so large
an additioe to the revenue, the dividend was not augmented
proportionately, but that was accounted (or by the fact
that they now paid on the new ordinaryshare capital which
took 11,0251. more out of revenue than formerly, and he
thought that, consideriag two-thirds of that capital was at
present us prodeetive, that was • very satisfactory explasa.
nation. The extension to Finsbury a insisted of four lines,
two on the narrow and two on the mixed gauge. They
were intended for the accommodation of the traffic of the
Great Western and Great Northern aid Itidiaed. At
present those companies were not working on the lies.
Oa the Ist of January the connection was nude between the
Great Northern and the London, Chatham, and Dover,
bet the broad gangs, which would enable the Great
Wasters to run trains to Fiesbury, was not complete.
The revenue on the whole undertaking for the ant five
weeks of the year amounted to 18,6531. spinet 12,3081.
earned in the corresponding period of the past year, show-I
big an increase of 50 per cent. The revenue for 1885 was
141,0004 and a freedom, and there wee very little doubt
that with the augmented resources which would be brought
to bear, the total receipts this year would amount M
210,0001. (Hear, hear.) Of amuse they were mot able to
tell at what expense the extra revenue would be seemed,
but seeing that the present revenue was earned at as ex-
penditure of 39 per cent., and that there wee every pros-
pect that the board would be able to reduce it to a third of
the tad receipts, he thought there was lit' le doubt that
140,0004 would be left for dividend. (Chew.) At the same
time, if they analysed the capital they would come Seth.
conclusion that 7 per cent. was a very fair dividend. At
present, on account of the lines not being completed, they
were not deriving any return from the acreseneut with the
Great Western, but there was every reason to believe that
ultimately that agreement would be wet productive, and
that in a very few mouths great advantage would be gained
sot only by them but by the Great Western from their
bein indeed,
to run terrine dimet to the end of Moorgateelmet,
and, it was not impossible that the receipts would
be greatly is excess of the seas he had stated to them.
(Hear, hear.) At present, the amount derived from the
connection between the London, Chatham, and Dover Com-
pany, sod the Great Northern Company, in consequence of
the running of the through trains was small, but that
would not last long, and th.t traffic was fully deve-
loped and a more complete organisation formed, it would
be worth a great deal At present, the traffic upon the
Metropolitan Roe was so great that every car-
riage was constantly in use, and very often
it was impossible for first-elms passel gas to obtain seats,
and they were forced to ride in seoondedass carriages.
Orders had been given for a large number of additional
carriages and • general auguesetation of the metiers stock.
He might also mention that the reutti revalue from their
property on the Notting-hill and Brame.= extension
would be very large. The railway ran under the roads, but
they had been obliged to buy the houses, and they would
be pat as good as they were before, and in many cases there
would be an lacerated rental, so th.t the revenue 'btu de-
rived would be very large. There was only one bill introduced
by the company into parliament, for additional powers for
the parpow of utilising the property they bad already
moo Some of the stations were found to be too small
and mesas would be taken not only to lengthen the plat-
forms so that more then five carriages could draw up sioeg-
side of them, but to ventilate all the urdrqtroued stations
in a better manner than at present, and eo add to tbe com-
fort of the pawners. It was also necessary to establish one
or two intermediate telegraph stations, as the meeting was
aware the line was worked on the block system, no train
being allowed to leave one station until a telegram had
been received stating that the train had left the next
one, and thus they bad moored an immunity from
accidents. It was found, however, that between Gower street
and IC ing's-eross, and also between King's-cross sod Fwtarra 2ti -
d,:natreet, it was desirable to have intermediate telegn
stations for the purpose of blocking the line elf y,
and the result of three additional telegraph stations would
be to enable the trains to run every two or three, instead
of every five, minutes with the some immunity from se-
eldest. With regard to the arrangement between the
company and the Metropolitan Railway Werehoueing Com-
pany he explained that it could entail no lass on the com-
pany, while is would give to them very valuable basements
in which they might carry on a large business in reference
to other companies. Me concluded by stating that the
board had filled op the vacancy is the direction caused by Mr.
Wilkinson'. death by the electim of Mr. Nasmyth, who was
not only a man suited in every way for the post, but who
was deeply interested in the moors of the eadertakiag,
bolding shuts in it so the extent of 60,0001. (Hear, bear.)
He begged to move the adoption of the report.
Mr. Ogren, M.P., seconded the motion.
After some discussion the report was umairrionsly
adopted and the dividend &edam&
The reselutioe authorising the raising of 400,0004 ea
debentures seder the powers rof the Neaten-la and Bump-
toe Extessioe Ara, sod also 2340001. ander the Metropolitan
(1864) Alt was awed to.
The retiring directors were re-elected, and tie election
of Mr. Nasmyth *unarmed.
Mr. Guam, M.P., thee moved, sad Mr. Beacliam es-
doodad, • wiles for the payment of 1,0001. a year to the
Maims. during the oonetrostion of the worlm of the
meters and western extensions. The resolution was moved
en the potted el the valuable wrier reedited by the
&airman in the purchase of laud, by mew of which seamy
thousands of pounds bad bees saved WWI wropany.
The resolution was adopted by acclamation without dim
enesioa.
A vote of Omaha to the chairman sod directors desalt led
the promedimp.

ATTIMPTILD MUSD= IN TEI OP= proxerr.—At
the Guildhall police-ooert yesterday. Adam Smell, aged
64, described as as upholsterer. was brought up in custody
by Samuel Hodge, 128 G, before Mr. Alderman Pionis,
charged with stabbing George Cog in the left side with in-
tent to murder him. Mr. Beard. who conducted tits pro.
'ecotone, said-1 appear, air, to prosecute in this car,
which is one of an extraordioary and eerie= character.
The primmer bad been for some time employed by Messrs.
Seagrove and Oa, who ere upholsterers, carryleg on Wai-
ner to South-street. Final:km, and the injured Ma,
George Oox, now holds a responsible situation la the seam
Inn. The pris' owe had been dismissed some two or three
years back from Messrs. Seagrove'. I. eon.. mime
lel his dissipated habits, and from the widows Which I
shall place hefore you it will appear that be nourished
review not osly against the
man.lnjured
liarui of
also against others who had been in a sate
parties employed by to him when the News. Sea e.
On Tuesday, between two anti three o'clock, Mr. •
Ora. who is a married man with a family of eight Andrea,
woe valid% through lace-street, when be was attacked
by the prisoner from babied and stabbed is several hese
wide a sharp and well-worn table keit*. The were
of suob a dangerous elianeter that Cox was at owe removed
to the hospital, when be now lint Wheelies, were thee
celled, wine gave as aosennt of the occoreme nonespoed-
lag liath the above. The *seem was remehded.
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