The Express.
London, England, 1867-02-26 00:00:00

MID-WALES RAILWAY.-(THIS DAY).

The half-yearly meeting of thin company was
held at the offices, Ethelburga-house, Bishopsgate, this
(14y.
. . . . .

.tar. WHALLEY, M.P. (the chairman), in moving the
adoption of the report, said that, although the traffic
receipts were hardly what might have been desired, the fact
that there waa au increase of 2,54t41. over the previous half-
year should be taken as an indication of the satisfactory
position of the company. Considering the commercial de-
pression of the past year, the present report was submitted
with more satisfaction than usual, although no dividend
was offered. The filid•Wales was almost the only
new Welsh railway that had not been taken out
of the hands of its own board. As the company
had obtained parliamentary powers to reach the vast mi-
neral traffic of South Wales, there was nothing to prevent
a progressive increase of tratic in the future. The hon.
chairman then announced his intention not to offer himself
again for ft-election as director and chairman, having
with the exception of the interval from 11459 to Iti6il, been
connected with the line. He now took his leave, stating
that it was not because of the deficiency of district traffic
that enormous losses had been sustained by the Welsh
railways, but solely on account of the parliamentary system
under which they were constructed. _

Some questions were asked and answered respecting the
remuneration and expenses of directors and the salary of
2,000 f. a year paid to the manager (Mr. F. Broughton)
having Leen described as too large,
The CHAIIDIAN said that although the manager's ser-
vices were worth that amount to the company, the salary
might be inordinate considering the present position
of the company, although it was absolutely essential that
Mr. Broughton should be engaged to represent the Mid-
Wales interests during the many negotiations they had to
make. Mr. Broughton himself intimated that if the board
expressed a wish to cancel the agreement they made with
him be would take the first convenient opportunity of re-
lieving the board of what they might consider a burden-
some charge.
The report was ultimately adopted.
Mr. John Borradaile was elected director in the place
of Mr. Whalley; and Messrs. E. Parker and S. If. Burbury
were re-electel directors ; and Mr. C. Chandler, auditor.
On the motion of Mr. A. P. WILDY a special vote of
thanks was passed to the chairman for hie long and able
services on behalf of the company.
The usual vote of thanks was also given to the board,
and the proceedings terminated.

WEATHER REPORT.-(THIS DAY.)

/TUESDAY, FU&UAZY SE, • A.ll.

; SHARE LISTS.-(THIS DAY.)

Oxi cajzoor.

The dealings in British railway stocks still show
a preponderance of sales, and prices have again
receded. Great Western is pressed for sale, and
has fallen 1 per cent. South Eastern and Metro-
politan have declined A, and Midland, Lancashire
and Yorkshire, and London, Chatham, and
Dover, A.
Metropolitan stock is now quoted 1222 to 123, ex
div. ; Great Western, 48A to 49 ; London and
North Western, 1222 to 123 ; Midland, iz)g to 1;
Lancashire and Yorkshire, 124 to ; Cale-
donian, 116 A to 1171 ; South Eastern, 681 to 69 ;
Great Eastern, 30A to 31} ; Great Northern, 120}
to 121/ ; ditto A, 128.1 top ; London, Chatham,
and Dover, 18i to A ; and orth British, 37 to 38.
Foreign and colonial lines are steady. East
Indian stock is quoted 106 to A ; Lombardo-Vene-
tian, 16 to ; and Grand Trunk of Canada, 201
to 211.