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

SEVERN VALLEY.

The half-yearly meeting of this Company was held on
Friday, at the offices, Vietori4.street, Westminster; Gtn,
Forrester in the chair.

It was resolved, on the motion of Mr. J. :Parson, that a
dividend on the preference shares be paid at the rate of 41
per cent, per annum, and alsothat a dividend of 31 per cent.
per annum be paid on the ordinary shares for the half-year
ending Dec, 31.

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 £350 should be paid to the directors
for services during the year.

WHITEIIAVEN JUNCTION.
The half-yearly meeting of this compan3 was held at
Whitehaven on Saturday—Mr W. Miller in the chair.
The CHAIRMAN 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 -
The receipts during the past half year exceeded by
'-'ls of the corresponding period of 1862, and
only beon checked by the intl.
‘s.an the sudden revival of
''ems of expendi-
^harged

taking
£5,500 the mete,
its further development L.,
dequate supply of rolling stock w,_
the iron trade took place.
Several largo
ture properly belonging to capital account had been
to revenue, the capital of the company being exhausted, ant.
in addition to this £5OO
Lad been carried to renewal account,
and £l,OOO to comnen
• 'a-on account. The directors recom-
mended a dividend at the rate of 10 per cent.
Mr. W. Luau seconded the motion, which was carried
unanimously.

A dividend of 20s. per share less income• tax, was then
declared. A vote of thanks to the chairman concluded the
proceedings.

IVIIITEHAVEN AND FURNESS.
The half-yearly meeting of this company was held at
Whitehaven 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-
runts 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. Lumit 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. Holt was appointed auditor, and the proceed-
ings terminated with the customary votes of thanks.

WIIITEIIAVEN, CLEATOR, AND EGREMONT.
The half-
Thursday, Mr. A. B. Steward in the chair.
yearly meeting was held at Whitehaven on
The CIIAIIMAN, in moving the adoption of the report,
explained how it was that the dividend was less than last
half-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 cont., ho had cautioned t4e shareholders that it WAS

exceptional. Now, however, as they had got their rolling
stock in good condition, they migiat again hope for improve.
mcnt.

Mr. STIRLING seconded the motion, which was adopted.
Mr. LUMB, referring to the projected competing line from
Parton to the iron ore field, urged the reduction of the rafts
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, per 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.