The Sun.
London, England, 1864-03-02 00:00:00

STAINES, WOKINGRAM, AND WOKING.

,
The half-yearly meeting of this company was held on
Friday at the offices in Lincoln's •inn-fields ; Mr. J. Garrard
in the chair.

The report was taken as read.

The Citmitmix, in moving the adoption of the report,
said that, though the traffic for the past half •year had re•
trograded, the traffic for the past year showed a decided in-
crease, as compared with former years. Some of the schemes
before Parliament for railways to their line, if carried out,
would act as feeders to it.

Mr. WILKIN seconded the motion, which was unani
mously adopted ; and a dividend at the rate of 1 per cent
per annum on the ordinary stock was declared.
Tao retiring directors, Mr. J. Garrard and Mr. R. W
Kennard, were le elected, and also Mr. Prideaux, the re-
tiring auditor.

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. SEVERN VALLEY.
The half-yearly meeting of this company was held on
Friday, at the offices, Victorilt.stteet, Westminster; Gen.
Forrester in the chair.

It was resolved, on the motion of Mr. J. Parson, that a
dividend on the preferenn shires be paid at the rate of 41
per cent, per annum, and also that a dividend of 31 per text.
per annum be paid on the ordinary shares for the half-year
ending Dec. 3%

The retiring directors, Mr. J. S. Pakington and Mr.
Wagstaff, were re-elected, as was also Mr. W. Phillips, the
retiring auditor.

It was agreed that £250 should be paid to the directors
For services during the year.

WIIITEIIAVEN JUNCTION.
The half-yearly meeting of this company was held a€
Whitehaven on Saturday—mr W. Miller in the chair.
The CHAIRNINN moved the adoption of the report, and
said that the directors had solid grounds for congratulating
the shareholders upon the prosperous state of the undo.-
taking. The receipts during
the past half year exceeded by
£5,500 the receipts of the corresponding period of 1862, and
its further development had only been checked by the ina.
dequate supply of rolling stock when the sudden revival of
the iron trade took place. Several large items of expendi-
ture properly belonging to capital account had been charged
to revenue, the capital of the company being exhausted, and
in addition to this £5OO had been carried to renewal account,
and £l,OOO to compensation account. The directors recom-
mended a dividend at the rate of 10 per cent.
Mr. W. LITMES seconded the motion, which was carried
unanimously.

A dividend of 2Os• per share, less income•tax, was then
declared. A vote of thanks to tho chairman concluded the
proceedings.

WIIITERAVEN AND FURNESS.
The half-yearly meeting of this company was held at
\Vhitehaven on Saturday, Mr. 'W. Muller in the chair.
The CHAIRMAN, in moving the adoption of the report,
congratulated the proprietors upon the increased receipts
during the past half-year, which would have been still
larger if they had sufficient rolling stock to meet the require-
ments of the traffic. Large sums had been expended upon
that object out of revenue receipts during the past half-year;
and it would be necessary to raise additional capital to meet
their wants. The traffic still continued to increase, and the
undertaking was in a most prosperous condition.
Mr. Luau; seconded the motion, which was carried.
A dividend of lls per share (less income tax) upon origi-
nal shares of the company was then declared.
Mr. GREEN urged the directors to consider the question
of amalgamating the various West Cumberland Railways.
Mr. FURNESS said the directors would do 'everything
in their power to promote the interests of the share-
holders.

Mr. J. c. llolt Was appointed auditor, and the proceed-
ings terminated With the customary votes of thanks.

WHITEIIAVEN, CLEATOR, AND EGREi4ONT.
The half-yearly meeing was held at Whitehaven on
Thursday, Mr. A. D. Steward in the chair.
The CHAIRMAN, in moving the adoption of the report,
explained how it was that the dividend was less than last
halt-year, although it was still the handsome amount of 12
per cent. When he proposed the payment of the last divi-
dend, which was at the rate of 10 per cent, and a bonus of
5 per cent., ho had cautioned the shareholders that it was

exceptional. Nov, however, as they had got their rolling
stock in good condition, they might again hope for improve-
ment.

Mr. STIRLING seconded the motion, which was adopted.

Mr. Lumt3, referring to the projected competing line from
Parton to the iron ore field, urged the reduction of the rates
with a view to avert the threatened opposition.
The CHAIRMAN said it was inexpedient to entertain the
question of a reduction of toll.
A dividend at the rate of 12 per cent. par annum for the
half-year ending Dec. 31 was declared, and it WAS resolved
that the remuneration of the directors be increased from
£lOO to £2OO per annum.