The Sun.
London, England, 1864-08-25 00:00:00

CHA RING-CROSS RAILWAY.

Half-yearly Meeting.---This Day.

The ordinary half-yearly meeting of the proprietors of
the Charing-cross Railway was held this day at the Lon-
don-bridge Terminus; James Byng, Esq., in the chair.
The report stated that the receipts and expenditure on
capital account for the half-year ending the 30th June last
allows the receipts for that period to have been £416,914
12s. 4d., and the expenditure £511,539 12s. 4d.
The receipts have been derived principally from calls and
and pre- payment of calls on the 5 per cent. shares created
and issued in August last, and by the exercise of the com-
pany's borrowing powers under the Act of 1863. The prin-
cipal items of expenditure have been—On account of the
Purchase of property required for the City Terminus in
Canton •street (£267,334 7s 33) ; works of the original rail-
Way and the station at Charing-cross (L 101,346 3a 4d), and
City Terminus works (L 54,000).
The CHAIRMAN moved the adoption of the report,
Which, after a short discussion, was carried unanimously.
The CHAIRMAN then moved that a dividend at the rate
of 21 per cent. per annum be declared.
Mr GORDON THomrsoN seconded the motion, which was
agreed to unanimously.
The meeting was the made special, for the purpose of
confirming an agreement between the Charing-cross Rail-
way Company and the South Eastern Railway. Company
anade under the provisions of " The Charing Cross Railway
Act, 163," and " The Charing Cross Railway Act, 1864,"
for the amalgamation of the Charing Cross Railway Cora
Pany and their undertaking, property and effects, rights,
Powers, privileges and authorities, with the South-Eastern
Railway Company and their undertaking, property and
effects, rights, powers, privileges and authorities.
A resolution was moved confirming the agreement, but

Mr FEW obj.cted to the arrangement.
The CHAIRMAN said he considered this amalgamation
Would prove advantageous for both companies, as it was
fair, honest, and just; the terms were an exchange of
shares, Charing cross for South Easterns.
A poll was ultimately taken, when the resolution was
Carried by a large majority.
Mr BEA.TTIE said he had been instructed by the South
];astern Company to represent their interests, and in his
discretion, had it been necessary, he should have voted for
the amalgamation, but he abstained from voting at all,
otherwise the majority in favour of the amalgamation
would hive been very much larger.
A vote of thanks to the directors terminated the pro-
ceedings.

SOUTH-EASTERN RAILWAY.

Half-yearly Meeting—This Day.

The ordinary half:yearly meeting of the proprietors o
this company was held to-day at the Bridge House Hotel—
James Byng, Esq., in the chair.
The report, which has already been published, having
been taken as read,
The CHAIRMAN, in moving its adoption, said the direc-
tors had done their best to maintain the receipts, but certain
heavy works and other causes had led to increased expendi-
ture, but notwithstanding the increased outlay the directors
Were Enabled to declare a dividend of per cent. less than
Ilene], but which was the same as paid two years ago.
The outlay of twelve millions of money by an oppo-
sition company in duplicating the line to Margate,
Ramsgate, and other places had of course led the directors
to make fresh exertions by opening up new lines in order to
heutraliso the efforts of the opposing company. The result
of the making of the London, Chatham, and Dover Railway
had led to a considerable loss, but the directors of the
South Eastern had the greatest confidence that the
diminution would bo but temporary. (Hear, hear.) The
completion of tho Charing-cross station had led to the best
results, although it had not yet realized the expectations
of the directors, but had the Soleil Eastern remained at
London-bridge permanent loss must have been the result.
The chairman then alluded to other topics mentioned in the
report, and concluded by moving the usual formal
resolution.
Mr. GORDON" THOMPSON seconded the motion.

Mr. HAMILTON moved, as an amendment, that the
agreement with the Charing Cross Railway b 3 put an

end to.

The amendment not having been seconded fell to the
ground, when the resolution of the chairman was carried
unanimously.
A resolution for the payment of the dividend mentioned
in the report was then submitted to the meeting, and car-
ried unanimously.
The meeting was then made special, for the purpose of
Considering the agreement between the South Eastern
itailway Company and the Charing-cross Railway Cora-
Pany for an amalgamation.

ZIONEY MARKET

AND

COMBIERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.

The mercantile public generally have felt no
astonishment by the announcement made by the
Lank of England directors, that their minimum
discount would remain at 8 per cent. There were
tevertheless a few sanguine people who did hope
that further concessions would have been made by
the authorities, although the ground upon which
they based their ideas appeared, to say the least,
kntenable• Their conclusions were only de-
duced from the abundance of money in the
turke‘, and the fact that the brokers were
Working about 1. per cent. under the terms
Charged by the Bank. They forgot to take into
account the condition which the market must by
and by assume, in spite of present abundance,
through the revenue payments and the advances to
be ultimately made by the authorities. Very little
surprise or discussion therefore ensued when it was
found that no initiative would yet be made to
eesier rates by the Bank. Oat of doors to.day
there has been a larger number of bills brought
forward, but 7-1 and 7a percent. are the quotations
for the best three months' bills.

A. further .um of £39,000 in gold was taken into
the Bank yesterday.

The committee of the Stock Exchange have ap.
Pointed Tuesday, the 30th inst., a special settling
day in the shares of the following companies :
Cadiz, Oporto, and Light Wine Company (for trans-
actions only entered into on and after the 7th June)
not to be marked, and in the Buxton Hotel
Company.
The subscription list of the Connecting Ship
Owners (Limited) will close for London on the 27th,
and for the country on the 29th inst. ; of the Abera-
Man Iron Works for London on the 27th, and for
the country on the 30th inst. ; of the Freemasons'
Tavern Company for London on the 31st inst., and
for the country on September 3d.

A meeting of the shareholders of the Bank of
Hindustan, China, and Japan was also held today
to consider the agreement with the Imperial Bank
of China, India, and Japan, and to ratify the reso.
lution for increasing the capital by the creation of
20,000 new shares of £lOO each at a premium of
£6. The resolutions in each case were unanimously
carried.

A special meeting of shareholders of the Impe.
rial Bank of Caine, India, and Japan, was held to'
day to consider the agreement for an amalgamation
with the Bank of Hindustan, China, and Japan.
The terms of the arrangement are the issue of
20,000 new shares, of £lOO each of the Bans of
Hindustan, China, and Japan, to be issued to the
holders of shares in the Imperial Bank of China,
India, and Japan, at a premium of £6, £5 of which
is to be carried to the reserve fund, and the re-
11-raining £1 to be applied to preliminary expenses.
A. dividend of 10 per cent. per annum, for the time
the Bank has been in operation, and four of the
directors to be elected on the new board of the
Bank of Hindustan, eve.
The last week's raiiway receipts, ascertained up
to this day, are, in round figures, as under :-
1864. 1863.
Great Western .............. L 70,518 £63,927
North-Western .................. 115,031 107,854
Great Northern ............. 32,709 31,877
Lancashire and Y0rk5hire.......... ........ 46,818 40,250
south- Western
Zrighton
:Midland 49,574 46,105
Bristol
Eastern 28,397 29,630
zristol and Exeter
North Eastern 68,281 60,019
11anchester, Sheffield, and Lincoln 18,664 16,3111
Great Dts:ern
I\torth British' 26,535 23,553
Thee returns are in most instances of a highly
satisfactory character. On the Great Western the
increase amounts to £6,591, the Great Northern to
£832, the North Western to £7,177, the Lancashire
and Yorkshire to £6,568, the South Western to
£3,240, the Brighton to £9ll, the Midland to
£3,499, the Bristol and Exeter to £137, the North
Ilistern to £8.232, the Manchester, Sheffield, and
Lincoln to £2,348, the Great Eastern to £2,095,
and the North British to £2,952.

Two O'CLOCK.
At Paris this day, acvading to Mr. Reuter's