The Sun.
London, England, 1863-09-29 00:00:00

OTTOMAN (SMYRNA TO AIDIN).

The half-yearly meeting of this company was held yes-
:erday at the London Tavern; Sir M. Stephenson in the

chair.

to
iedrit
stating
beyond
ril‘va
to A
occasion,
Mr. S. J. Cooke, the secretary, hav'ng read the notice
convening the meeting; the report was taken as read.
The CHAIRMAN, in moving the adoption of tho report,
stated that the arrangements approved at thew would
denbt
espseucfliia.l
meetings of the company for obtaining the increased capital
up and liberal spirit
a remark
ya
Tralpton, whose
ehnt:Or kt
tsofmrn
eam
inicre. o
cs
under which
ssion
er ei
eqcutii rye df r
et os
hcomplineter
recollection the a
him unnecessary on the
present
tGhoavtetrhnemyewnotuhladdbme
estutthficeigenutesfteion
r the p
in
a n
just
A telegram received
ta hs e soon
w acsa perseveranceipti tw a l was explained
had u
on Friday announced the despatch froth Constantinople to
the ambassador in London of the official documents, duly
soeueldr
ebaet h
e t o f t
u guaranteed.hr
tehme
rbcyo
they must all lament
£761), the financial state of the whole
tshigenuendaavnodidaabealeleldengtTo\fvteivmere siatiullerheqeired to complete the
under the able Ministers Fuad and
line, they had yet much to be satisfied with. The canal
just introduced into Smyrna, cotton
com-
petition was diminished, the revenue was increasing (the
lcaosutnwtreyekwasshoimwipnrgoving
employed, and the cul-
tivation
in the district; the ancient
g. Travellers could now see
the ruins of Ephesus, and in a brief tour of a few weeks visit
mA al ic
hiansehorai
csoNg-taatsoanwviaass becominge xte
n d in generally
Oleander, the Seven Churches of Asia,
the plain of Troy, Fatmes, and Athens on the route home.
He referred to those facilities not in an :esthetic spirit, but
Tt the
ielleass classical aAI
iadni
nd , h
thei st crical si
because the inducements would weigh with travellers and
augment the traffic receipts of the line. The route to India
would assuredly be by a line through Constantinople, and
ay
the work was nearer at hand than was generally believed.
Phis would
a pre-eminent position financi-
ally and politically, placei
t thought that only good results
dattend ii al 1
the certainty of
obtaining all the capital required, an efficient staff, an active
cuil
tc. Withl;rd
nke
the he in
new concession,
contractor, and, he might add, an indulgent and reasonable
proprietary, they need have no fear of a successful issue to
their common labours. (Hear.)
Mr. W. DENT seconded the motion for the adoption of
the report and statement of accounts,
Mr. BROWNE thought the accounts did not show the
exact position of the cornr.au_ ,
r y a affairs, and that some items
in them should be more explicit and stated differently.
The CIIAIRMAN said there wore running ;accounts, and
until they were settled the result could not appear in the
general statement. They could only insert the money re-
ceived, but not that in prospective. The suggestions of Mr.
Browne should have the attention of the directors and au-
ditors, and ho hoped by the next meeting an improvement
would be made.

The report and statement of accounts wore then unani-
mously adopted, and the proceedings concluded with a vote
of thanks to the chairman and directors.

LLANGOLLEN AND CORWEN.
The
half-yearly meeting was held at Llangollen on Satur-
day, Colonel
Tottenham in the chair. The directors re-
ported that constant progress had been made with the
works, that the operations in Berwyn-tunnel wore proceed-
ing day and night, that one portion was already used for the
conveyance of goods, and that the other portions would be
ready by the time the tunnel was completed. The report
was adopted.

VALE OF LLANGOLLEN.
At the half-yearly meeting, on Saturday, at Llangollen,
Colonel Tottenham in the chair, the report was adopted.
The chief points in the report were that the railway had been
safely and satisfactorily worked by the Great Western Rail-
way Company ; that goods were now added to the passenger
traffic, and that the accounts warranted a dividend at the
; but until the ar'justment of a question
which had arisen as to the terms of the working agreement
rate of 3 per cent.
with the Great 'Western Railway Company the directors
considered it expedient to postpone the declaration of a
dividend. The question only applied to the past year.