The Sun.
London, England, 1855-10-01 00:00:00

BRIDPORT RAILWAY COMPANY.

The half-yearly ordinary Meeting of the Shareholders
was held at the offices of the company, on Thursday
last, at 12 o'clock.

E. G. FLIGHT, Esq., the secretary, read the following
report.of the Directors :
"Although but a short time has elapsed since the share-
holders were last convened, enough has been done, even in
that. period, to enable the directors to congratulate them
on the steady and satisfactory progress of the works made
in this interval.

" The engineer has recently reported to the directors,
that operations.have been commenced, and are in progress,
along the first five miles. Upwards of two miles of fenc-
ing have been erected, and a considerable quantity is on
the ground, and will be shortly put up. Three bridges in
the parish of. Lodors are being constructed, and will soon
be finished. Three large culverts and many minor drains
have been completed. The earthwork is being pushed on
at all the principal cuttings, and's.boUt 30,000 cubic --ards
have been excavated. The engineer, concludes his report
by stating that the progress of the work has been quite
satisfactory, and that, as affairs. are now in good working
order, much may reasonably be expected to be ddne be-
fore the winter.

" The financial position of the company is also encourag-
ing, The auditors have reported on tho accuracy of the
following statement of account, made up to the 20th of
September, 1855 :
Receipts £16,282 18 10 I Disbursements £9,511 510
Cash balanco... 6,771 13 0

£16,282 18 10 I £16,262 18 10
" The promptitude with which the calls have been re-
sponded to indicates, on the part of the shareholders, an
unabated confidence in the soundness of the undertaking.
Since the last meeting a considerable portion of the shares
remaining in the hands of the secretary has been applied
for ; and transfer have been, or are in the course of being
made, accordingly, to the applicants.
" The directors, by perseverance in a system of watch-
fulness and careful economy, trust the result will prove
that the sanguine expectations of the promoters will have
been fully realised."

In the course of explanation by the secretary of the
different items, Mr. Flight remarked that the "exca-
vating pits" was for the purpose of enabling the engi-
neers to give their evidence before the committee with
regard to the nature of the soil.
H. TEMPLEB, Esq., made a few remarks on the satis-
factory character of the report, and Asked a question
with regard to the completion of purchases of land, in
reply to which, the chairman explained that wherever it
was possible they had paid for the land at once.
J. GIINDRT, Esq., then moved, "That the report
and financial statement be adopted by the meeting."
The resolution was seconded by Mr. S. STEPHEN%
and carried unanimously.
Mr. PorE then suggested that an explanation should
be given of the number of miles of land paid for, on which
the chairman said that about 31.- miles had been agreed
and settled for—the expense being about 3,oool.—and
that, this being the most valuable portion of the land,
the original calculation of 9,0001. for the land for the
whole line will doubtless prove correct.

In reply to a question by Mr. S. STEPHENS, it was
stated that, since the last meeting, about 7,0001. of
shares had been taken up, leaving 4,0001. still unap-
propriated.
J. GUNDRY, Esq., remarked that it was very desirable
that this small amount should be at once subscribed, and
as the directors had done all they could the public most
endeavour to take the remaining shares.
J. P. STEPHENS, Esq., said that the directord at the
last meeting had pledged themselves to take 25 per cent.
additional, trusting that the other shareholders would
respond to the call. The directors had performed their
part, but they regretted that all the shareholders had
not done the same.

J. GuNDitY, Esq., inquired whether the expediency
of throwing the remaining shares on the Stock Ex-
change was under the consideration of the directors, but
Mr: tnndry considered that it would be useless to do so.
H. TEMPLER, Esq., inquired whether negotiations
had been carried on with the South-Western directors
with regard to- the extension of. their line to Bridport
instead of Yeovil. _ _

The CI4IMUM considered that it would not be pm-
._-_,,....