The Sun.
London, England, 1864-08-31 00:00:00

STAINES, WOKINGHAM, AND WOKING.

The half yearly meeting of this company was held yester-
day at the Lincoln's-inn-Fields—Mr J. Garrard in
the chair.

The report Laving been taken as read,

The CHAIRXAN, in rnoaing its adoption, expressed his
regret at the fading off in tie passenger traffic receipts dur-
ing the half year, althoughthey showed an increase on the
corresponding half of 186(4 Last year the traffic to Ascot
was very great, and the fdling off on the grand day this
year arose probably partly on account of the unfortunate
accident at Egham, and patty perhaps owing to a disincli-
nation on the port of the piblic to encounter the crowd and
confusion which were occasened on the previous year by
the exceptional influx of visitors. With that exception he
thought the accounts were blerabty satisfactory. Although
the traffic result+, were not so good as they could wish to
have seen, the directors antcipated considerable benefit to
this line by the 3nnstructiol by the South-Western Com-
pany of the line from Chorty to Virginia Water, for which
they had obtained the act; as also fix m the Sunningdale
and Cambridge-own Railvay. Some large estates in the
neighbourhood cf their line had been placed in the market
for building purposes from which in course of time the
company would be bent cited.

Mr R. W. KENNARD, N.P., seconded the adoption of
the report, after which a loogthened conversation ensued
relative to the opening of aegotiations with the South-
Western for terms which \mid improve the condition of
this property.

Mr Maade, Mr Price, azd other proprietors, strongly
advocated that course being at once taken, but it was stated
by the chairman and other Erectors that in their opinion
the tina3 had not arrived for roving in this business ; at the
same titre, it was 'heir desire to give the fullest effect to
the wishes of the skareholders. It was argued, on the other
hand, that if the lin3 came into the possession of the South-
Western Company it was in their power to work it with
greater effect than was done at present, 'oy which the receipts
would be very mush improvel.
The report was unanimously adopted, and the directors
were requested to take the matter of the negotiation with
the South-Weste?n into their serious consideration.

A dividend of 5 per cent. upon the preference, and at the
rate of 11 per cen:, upon the ordinary shares was agreed to
and the proceedings terminated.

BMTON AND SLEAFORD.

The half-year],, meeting of this company was held yester-
day at the Eustai Hotel, Euston-square—Mr T. Parry in
the chair,

Mr Wragge, tie secretary, read the report, which stated
that the traffic of the past half-year had exceeded that of
the correspondin; period of 1863 by £1,770. The bill pro-
moted by the Gnat Northern Company in the last session
authorizing a lens to them of this undertaking, on the
should receive in respect to their
tshareertrls
000 preferential stock to that amount
of the Great Norhern Company,bearing dividend at the rate
of £1 5s per cent per annum in perpetuity, to commence
from the Ist Jul;, 1864, had passed into law, and the pro-
prietors of this tympany would accordingly be entitled to
exchange their hare certificates, of which due notice would
be given. Theforfeited and unpaid shares of the company
were sold by auction on the Sth and 9th haat, and from the
proceeds of the sale the directors are arranging for the dis-
charge of all the outstanding liabilities. After paying the
debenture interest there remains £3,763 to the credit of re-
venue, from whiei the directors recommend a dividend at
the rate of 4 per Sent. per annum, being 1 per cent. more
than the divident for 1863.

The CHAIRMAN', in moving the adoption of :the report,
said the business of the company was now almost brought
to a close, Bente dissolving, however, there would be a
meeting held it November to finally settle the financial
business. The sa,e of shares had produced £13,270, being an
average of £9 Gc. 3d per share. The liabilities were not yet
arrived at, but 113 thought the balance that would remain in
hand after liquiclAting all claims would yield something be-
between 38 andSs per share. Ile did not, however, pledge
himself to the tmount.
Mr TooTAI seconded the motion, which was agreed to.
The dividend was then declared, and a vote of thanks to
the chairmanconcluded the proceedings.