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

GROSVENOR HOTEL COMPANY ( LIMITED).

A general meeting of the shareholders of this
company was held at the Hotel, Victoria-station, yes-
terday, Ha jar NORRAT in the chair, for the purpose of
receiving the directors' report and statement of accounts, 1
and to determine upon the declaration of a dividend.
The advertisement convening the meeting having been
read by Mr. Gibbs, the seenessry, the report was take" saread.
It stated that the profits on the trading for the past half-
year has amounted to the sum of 5,294/. Os. sd. ; from
this must be deducted the interest on debentures and
mortgage, which, owing to the extraordinary stare of the
money market for some months past, is much heavier than
it has ever been before ; with a return to a lower rate of
discount this charge will be materially lessened. After
making due provision for all debts, a sum of 2,4241. ss. 2d.
remains available for a dividend at the rate of 5 per cent.
per annum, leaving a small balance to be carried to the
credit of the neat half ear. The high price of provisions
has been seriously felt. The hotel and establishment
working on a fixed and published tariff of prices, cannot
make sudden alterations to meet the unexpected rise in the
cost of all supplies. The directors have much satisfaction
in stating that notwithstanding the extensive failures
which hays crippled so many enterprises, the works which
are to connect this hotel with the Northern Railways and
with the City have never been interrupted, end the confi-
dence of the board is still unshaken in their belief that
these works will, when completed, place this company on
as solid and satisfactory a foundation as that of any
similar undertaking in the country.
The CHAIRMAN, in moving its adoption, observed that
upon the last occasion on which they met there was a
serious falling off in the receipts of the half-year, but he
I was happy to say that they had entirely recovered their
position, and the receipts of the past half-year had ex-
' oeeded those of any which had preceded it since the hotel
I was opened.
The repot; was adopted, and • dividend at the rate of 5
per cent declared.

LONDONDERRY AND ENNISKILLEN RAILWAY.

The ordinary half-yearly meeting of the share-
holders in this company was held esterday, at noon, at the
offices, No. 4, Coleman-street- • , Moorgate-street ;
Mr. HEIST Laves in the chair.
The report which was submitted stated that the rent of
the railway for the six months, 13,0001., has been received
from the Irish North-Western Company by weekly pay-
ments, less income-tax. The interest received 501. lls.
The transfer fees for the six months amounted to
2/. 155.; these, added to the balance brought forward from
the last account, of 1831. 13a. 2d., give the grass
total of 13,2361. 19a. 2(1., which appears to the debit of
the revenue account to the 30th June last. From this
amount of 13,2361. 19s. 2d., the interest on loans from
government, and on debentures, legal, office, and other
expenses, amounting together to 4,120/. 6s. 83., have been
charged, leaving a disposable balance of 9,1161. 12s. 6d.
towards the payment of dividends and arrears. The
directors recommend that the dividends, at the rate of 5
per cent. per annum, to the 30th June, be declared, and
paid on the 14th August next, oa the 3,0621. 10s. stock B,
which, by the Londonderry and Enniskillen Railway Act,
1856, is described ea 245 half-shares then standing in the
names of Jamas Lancey and William Bagley ; also the
dividends, at the rate of 6 per cent. per annum, on the
31,8601. stock A ; also the dividends, at the rate of 5 par
cent., together with 1i per cent, on account of arrears,
making 6i per cent. per annum, on 247,737/.los. stock B.
After the payment of these dividends and arrears there
will remain a balance of 331. Us. 11d. to be carried to the
next account. The directors think it right to remind the
stockholders that the ten years will expire on the let
October next for which the A stock received • preferential
dividend of 6 per cent. per annum ; subsequent to that
date it will be reduced to 5 per cent., and the difference
will be paid to the holders of B stock, till the arrears due
to them are satisfied.
The CHAIRMAN, in moving the adoption of the report,
said that the increase in the traffic for the half-year ending
the 30th of June lad had been 1,500/. over the receipts for
the nding half-year of 1865. No doubt there was some
portion of that amount the compact y had no right to share
in, as they were strictly owing_ to branches in which the
company didnot participate. They expected that aa soon as
they g0t96,000/. a year—and that period was rapidly ad.
vancing--a considerable portion of the increase would lx
tonna° belong to the line proper, in which they participated.
He had in addition to state that the 6 per cent would be
reduced to 5 per cent, which would give to the B stook
an increase of dividend. (Hear, hear.) He then moved
the adoption of the report.
Mr. P. W. Barrow seconded the motion.
The CHAIRMAN, in answer to Mr. Hemming, stated that
the receipts of the year 1864 were 86,512/. ; for 1865 they
were 9.1,735/., and in the first half of the present year
there was an increase of 1,500/.
The report was then unanimously adopted, and resolu-
tions Imre passed declaring the payments of the ream-
mended dividends on the 14th of August.
Mr. James Clay 111. P., and Mr. H. James were re-
elected as directors, and Mr. H. I'. Pullen was re-elected
as auditor.
The usual vote d thanks to the chairmen clued the
roceedings.

CHARING-CHOW Horan, COMPANY (LraerrED).
The following report will be submitted at the general
shareholders' meeting to be held on the 13th instant.—
" The directors have again to congratulate the shareholders
on the continued success of their undertaking. Not-
withstanding the extreme prises of all kinds of provision',
a most favourable result has been produced. In submit-
ting the accounts, it will be seen that the trade receipts
from all sources during the six months ending June 30,
1866, were 36,2691. 18a. 2d. ; and that after placing 2,0001.
to the credit of the reserve fend for depreciation and re-
newals, there remains 8,0981. 9a. 6d. on the half-year,
which, together with 1,2651. ss. sd. brought forward from
the 31st. December, 1865, will make a balance of 9,3581.
14s. Ild. available for dividend. Your directors, therefore,
recommend that a dividend be declared at the rate of 10
per cent. per annum, or 10e. par share free of income tax,
leaving 1,3581. 14s. 11d. to be carried over to next half-year.
It will also be seen, on reference to the balance-sheet, that
an expenditure of 247,9001. 12s. 3d. has been incurred on
capital account, whereas only 234,5401. has been raised.
STOCKTON AND DA/MHO:MN RAILWAY.—The
half-yearly meeting of this company was held at Darling-
ton yesterday ; Mr. Henry Pease, in the absence of the
chairman of the company (Colonel Stobart), presiding.
The report of the company, which has been published,
having been read, the following resolution, moved by the
eliairman sad supported by Mr. A. Hitching, was unani-
mously carried That the register of shareholders of
this section, now produced, be signed by the chairman and
transmitted to York, to be submitted to the general meet-
ing of the company. That the following dividends be
recommended to be paid for the half-year ending June 30,
1866, on the 22nd of August, subject to income tax--S per
cent. per annum on the preference A shares ; 6 per sent,
per annum on B and C preference dividend ; 5 per rent.
per annum on the preferenceD (late South Durham dirt-
dead) ; cent. per annum on the preference D (Ws
Eden Val sj dividend) ; and 84 per cent. per annum in
the ordinary shares." Some discussion took plies as to
why the shares of the company did not realise •
tionate value, considering the amount of dividend =as
other companies, and with a view to obviate this, it was
decided to convert paid-up shares into stock.

„.,-
EAdvedlinenttrdlt..l--1110LLOWAT'll PI'LLg. —Protec-
tion of Health—ls the bawl-to-hand shed& for externem* in
the peesset day good health is everything. Holloway's PH* purl-
tying, digeetive, and laxative, are admirably adapted for sato-
ring *madness to invalids. whose tuactions are s:=lC-.
formed that ate then seem met precarious. The
I gm weeny wandiss removed by a jediatons use of these pals, the
torpid liver 1 rased Wilma to active menthe, sod every other
I cepa
fitted for placed at its natural steward said
better abb= is
It is impossible to b eve a Eocene at
our elbow at maws end p bet these pills 'uppish list
hem, kr Um wehesielly eel is every aihnena