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

SEVERN VALLEY.

The half-yearly meeting of this company was held yester-
day at the offices, Victoria• street, Westminster; General
Forrester, M.P., in the chair.
On the motion of the CHAIRMAN, resolutions were passed
declaring a dividend on the preference shares for the past
half-year at the rate of 41 per cent per annum, and also a
dividend on the ordinary shares of the company at the rate
of 31 per cent per annum for the past half-year.
The CHAIRMAN said it would be necessary to adjourn the
special meeting intended to bo held that day until the 9th
of Nov. next, and having moved a resolution to that effect
it was agreed to, and the
-meeting adjourned accordingly.

CRYSTAL PALACE AND SOUTH LONDON
JUNCTION.

Yesterday the half-yearly meeting of this company was
held at the Victoria station—Sir C, P. Roney in the chair.
The report having been read,
Tho CHAIRMAN, in moving its adoption, said at the pre-
sent time the Paxton tunnel was within 12 yards of com-
pletion. The Crescent Wood tunnel had only about GO yards
of it remaining to be constructed, and as the contractors
were at work on five different points of it, he had no doubt
but that the tunnel would be completed within a month.
The great excavation at the upper part of the railway, op-
posite the Crystal Palace, contained 200,000 cubic yards of
stuff to be removed, the contractor had already removed
130,000 cubic yards, leaving only 70,000 cubic yards to be
carried away ; and, at the ordinary rate of progress, three
months more would complete the excavation. As soon as
the tunnels were completed the remainder of the stuff would
bs carried through them to finish the first portion of the long
embankment near Nunhood. A portion of the line near
Peckham would be carried upon a viaduct. and the remain-
der on an embankment. The portion of the earthwork to
be completed was about 100,000 cubic yards, and if the work
be continued at the same rate of progress, it would be com-
pleted in three months. All the public road bridges were
finished, except the parapets. The viaduct at Peckham
would be compieted in three months, and th 3 whole railway
would be ready to receive the permanent way in December.
The great station at the Crystal Palace was in the hands of
Messrs Lucas, and progressed very satisfactorily. No effort
would be wanted to insure the opening of the line in May
next. During the past half-year the expendituro had boeu
£241,537, which gave an average of £O,OO per week. He
concluded by moving the adoption of the report.
Sir C. RICH seconded the motion, which was carried.
A vote of thanks to the chairman closed the proceedings.

ROYAL DANISH.

Tho traffic receipts on this company's line for the month
of July were estimated to amount to £7,016, against £3,503
for the same month in 1863, showing an increase of £3,513.

SOUTHAMPTON DOCKS.

Yesterday the half-yearly meeting WES held at the offices
in Bishopsg tte•stret—Colonel Barlow in the chair. The
balance sheet showed a net revenue, after payment of lute-
rest on debentures, dividend on preference stock, and work-
ing expenses and management, of £5,851 for the half year
ending the 30th June, to which was added a balance from
last half year of £1,129, making £7,983, out of which a
dividend of £2 per cent. was declared on the total capital of
£360,350, amounting to £7,207, and leaving £766 for the
next account.