The Sun.
London, England, 1864-08-26 00:00:00

HEREFORD, HAY, AND BRECON.

The half-yearly meeting of this company was
held yesterday at the offices in Bridge-street,
Westminster; Mr. Banks in the chair.
The Secretary read the report, an abstract of
which has appeared in /he Suit.l
The CHAIRMAN, in moving the adoption of the
report, said that the whole of the line was now com-
pleted, a fact for which he could vouch, having the
day before travelled over the whole of it. A por-
tion of the route belonged to the Mid. Wales Com-
pany, and that was now completed, and when the
approval of the Government inspector was ob-
tained, which was expected in a few days, the un-
dertaking would commence carrying passenger traf-
fic. The company's prospects were so favourable as
not only to fulfil the most sanguine expectations,
but to exceed them. Other lines in course of con•
struction would join the company's system, and in
the course of a low months—at any rate in less than
two years—the directors hoped to see the whole line
completed from Hereford to the Government docks
at Pembroke. They would have direct communi-
cation with Dowlais, Newport, Aberdare, Cardiff,
Neath, Swansea, and, by means of the Mid. Wales
line, with the north of Wales. Ho concluded by
expressing his belief that the line a; uuld be one of
the most remunerative in South Wales.

Mr J. Moßrasn seconded the motion, and it was

carried.

A dividend at the rate of 5 per cent. per annum
on the paid up capital was declared.
Mr F. A. FYNNEY moved a resolution, authoris,
ii,g the directors to deal with shareholders in arrear
by declaring the shares forfeited, or by suing them
for the sums unpaid.
Mr GAETSIDE seconded the motion, and congratu-
lated the shareholders on the fact that the company
was on terms of peace end goodwill with its neigh-
hours.

The motion was agreed to, as was another sane-
tioning the consolidation of all the shares raised
under the Company's Acts of 1869 a►nd 1863 into a

S PAPE It

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general stock, and a vote of thanit: ' 44110 -..,. ~..zl.,
and directors concluded the pro: " i. 4i' 414.11
BRECON & MERTHYR TYDFIL &TAN. s
The half-yearly meeting of this company was
held yesterday at the offices in Bridge-street, West.
minster ; Mr W. L. Banks in the chair.
The secretary read the report,. an abstract of
which has appeared in the Sun.
The CHAIRMAN moved the adoption of the report
and informed the meeting that the Mid. Wales was
now completed, by which the company would be
placed in immediate communication with North
Wales. It would also be placed in communication
with the Cambrian system, and with the AberytA-
with and Welsh Coast line. The company last sta.
slut obtained powers to run a line to Cardiff, which
would be of immense importance to the company
cud district. The increase of traffic from that
source would be enormous, and the prospects of the
company were favourable.
Mr Mor.E.IsH secended the motion, which was

eed to 77071. con.
A dividend at the rate of 5 per cent. per annum
on the paid up capital was declared.
Mr SAVIN said that the line of railway between
Brecon and Merthyr proper and the Rumney por.
tion of the same system was now completed. At
present the Brecon line ended in a field, and as soon
as a communication was made traffic would be
opened to the Mid-Weles, to the Hereford, Hay,
and Brecon, and to the Cambrian system.
It was agreed that all the paid-up shares should
be consolidated into capital stock, and that the di-
rectors should have power
to deal with those shares
on which the calls had not been paid.
The meeting was then made special,
and, on the
motion of Mr. H. DE WINTON, seconded by Mr J.
J. WILLIAMS, it was agreed that 200,000 prefer•
ence shares of 11 each, should be created. It was
also agreed to create 110 preference shares of £lO
each.
Mr SAVIN moved a vote of thanks to the chair_
man and directors, which was carried unanimetwy.