The Express.
London, England, 1860-11-22 00:00:00

TIIE EXPRI

WATERFORD AND KILKENNY RAILWAY.
(rmla DAY.)

The half-yearly meetitlg of the proprietors was
held at 1 o'clock, at the Ipdr Tavern, Mr. C. Z.
Coultas to the chair.
The report showed that the receipts of the half-year
ending September 28 smountsd to 10.0781. 17a., sad the =-
Lenses to 3,
2171. 4e. A1.,9d. leaving • balance 0f4,8411. lb. 3d.
The amount divisible, after the payment of interest on the
loan capital, was 1,5641. IG.. 2d. The receipts of the half.
year were, it was stated, unfavourably affected by the &-
creme in the passenger traffic, which was attributed ehiedy
to the wet weather. An applies*a to whamming
is to be made in the next semi= far en stew
daement of the authorised lime between Abbey
lei: and Mountrath, and for the construction of a line
to Ilaryburough in lieu thereof ; and also for powers to
construct • .hranch line from Attanagh via Durrow and
Rathdowney, to the Rooms junction of the Great Southern
and Western Railway. A glance at the map would, it was
remarked, satisfy every shareholder of the importance
of this line to the Waterford and Kilkenny Company.
The CHAIRMAN rid he regretted the report was not more
satisfactory. The dinettes were perfectly oosvinoed that
their colleague) on the other side of the wager had dome
everything they could to increase the romans, sod bat for
untoward circumstances they would no doubt bare
. .

sueseded. The agreement entered into with the
Notarised and Limerick Oompany was not yet
giarepisted. The probability was- that in the course
of a week or two it would be conelndsd ; and the re•
mat would be a large aria( in the expenses of working and
so inseam of revenue. In the report liabilities were men-
tioned to the extent of 1,M01., which would naturally have
lin the last half year's socotinta. The secretary
assured him that the amounts were hat half year
swede up in precisely the game manner that they had
always been, and that none of the items constituting the
1,76(1!. were included in them. He concluded by movies
the adoption of the report.
Mr. T. W. Hut seconded the motion, which was adopted.
The CHAIRMAN then proposed a dividend of 1 pre cent.
an the preference stuck of the company, payable on the 15th
Dennaber.

Aid l ea Dzt.Aßricry, in seconding the motion, said
that he regarded the prospects of the corn•
=id with anything but despondency. The bed
end the wet summer of the past year
accounted foe the falling off in the traffic returns, but the
corner had ban turned, and for two months linos the /9th
of September last the increase had been 31:131. The value of
the line coukl never be fully as,vrtained till the extensions
were made. Last year they got a bill to extend the line to
Mountroth, and dos year they proposed to go to parliament
for a bill which would carry the line from Abbeyleix to
Marybomugh. They would then have 41 instead of 25 miles
of railway, and he believed it would be inferior to none in
Ireland. The shareholders must, however, be esetint with a
small dividend for a few years longer.
Yr. E. Powell said the present director had succeeded
to peat difficulties, but they were able to pay off 21,42 N.
He thought they were therefore entitled to some credit:
la reply to a Shareholder,
Alderman IrrtArforre said that they had raised money
oa loan at 5 per cent. in perpetuity.
The motion was then agreed to.
A Toted thinks to the chairs terminated the pro-
ceedings.