The Sun.
London, England, 1864-02-18 00:00:00

STOCKTON AND DARLINGTON.

The half•yearly meeting of share'aoldars in this section
of the North-Eastern Company was held yesterday at Dar-
lington, Colonel Stobart in the chair.

The CHAIRMAN moved a resolution approving the report
and the payment of a dividend in the ordinary shares of 8
per cent. per annum.
Mr. J. W. Pease was re-elected a director on the North-
Eastern Board; and Mr. J. C. Hopkins and Mr. W. C.
Stobart were re-elected directors of the Darlington section.
The SECRETARY, in reply to a question, stated that the
directors contemplated calling up 12 in April next on the
1358 :shares, and the same amount in July on the 1861
shares. This would be continued until 1865, when the 1858
shares would be all paid, and in the case of the 1861 shares
until 1867.
A vote of thanks to the chairman terminated the pro-
ceedings.

LYNN AND HUNSTANTON.
The report of the directors states that the gross traffic
receipts for the half-year ending the 31st of December
amount to £4,212, and after payment of 50 per cent. to the
Great Eastern Company for working expenses and the in-
terest on the debenture debt and other expenses a balance
of £1,853 remains available for dividend. Out of which
the directors recommend the payment of a dividend at the
rate of 5 per cent. per annum, leaving
a balance of £353 for
the next account.

CORK AND KINSALE JUNCTION.
The half-yearly meeting of this company was held yes-
terday at the offices, Gracechurch-street ; Lord Kingsale in
the chair.
Mr. IL W. WOOD, the secretary, read the report, which
stated that notwithstanding the unfavourable season for
railway traffic in Ireland during, the past six months, and
the unftireloped position of the railway, the directors had
been edatled to puy out of the revenue earnings for the
half-year ending net December last, all working expenses
and interest on the debenture debt to that date, leaving a
surplus profit ef 30 Which they recommended should be
carif:d to the credit of' the next account. The board confi-
dently looked forwart: to a considerable increase in the re-
venue of the line next summer,
hen the several atrroafngthee-
ments now being carried out for the devt:.:nin n'
Tine
traffic would be completed. The building of the
Hotel at Kinsale had progressed satisfactorily, and the
directors were informed that the walls were now up to the
level of the roof, that the building would shortly be covered
in, and fitted for business as early as practicable. The board
intended to issue, in the course of next summer, the 6 per
cent, preference shares created in November last, and which
would, in the first instance, be offered, pro rata, to the ex-
isting shareholders. All accounts between the contractors
and the company had been finally and satisfactorily ad-
justed, and all outstanding claims defined. Considering the
moderate test of the railway and the satisfactory agreement
for working the line for 30 per cent. of the gross traffic re-
ceipts, the board felt satisfied that the undertaking must
prove profitable in its results. The capital account showed
that £62,738 had been received; and £62,660 expended.
The revenue account showed a balance of £3OO, after pay-
ment of working expenses and interest on the debenture
debts
he ensinm.irt, in moving the adoption of the report,
said he thought it
would be deemed satisfactory, consider-
ing the short thee the line had been opened for traffic. He
had no dottbt that the arrangements referred to in the re-
port would largely
increase the receipts during the summer
months. The fish traffic) was now commencing, and they
looked forward toa considerable item from that source of
amounted for the last six months to £2,000, or at the rate
of £4,000 a year, Which he thought, under the circum-
revenue. The traffic between Cork and Kinsale had
stances, must be considered satisfactory, and as the traffic
increased the result to the shareholders Ix ould be still more
satisfactory.
Sir C. ILONtY seconded the motion for the adoption of
the report, which was agreed to.
The retiring directors, Sir C. P. honey, Mr. T. Wink-
worth, and Mr. P. W. Sedgvriak, were re-elected, and also
Mr. C. sell, the retiring auditor.
On the motion of Mr. J. W. HOLLAND,the proceedings
concluded with a vote of thanks to the chairman.

—...--
MARYPORT AND CARLISLE.
The report of the directors states that the traffic receipts
for the half-year ending the 31st of December amount to
£38,072,
showing an increase of £4,564. The expenditure amounts
against £33,508 for the corresponding half of 1862,
to £14,854, against £13,057 for the corresponding period,
showing. an increase of £1,797. The receipts for the past
half-year amount to £38,072, the expenditure, including
rates and taxes, to .C 14,854, and the net receipts to X 23,218.
New coal pits have been opened at Rosegill and Aspatria,
and a new seam has been sunk at the Bullgill pit, as the
workings are extended, an increase of the local traffic may
be expected. The increasing prosperity of the iron trade
has given a considerable impetus to the iron or
ry e
ing and coke
704
traffic. The balance for the half-year, after car L 2,
to the credit of the contingency account, is L 17,751, which
enables the directors to recommend a dividend on the ordi-
nary shares at the rate of 9 per cent. per annum, and on
the preference shares according to their respective guaran-
tees. The expenditure on the old capital account to the 31st