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

SEVERN VALLEY.

The half-yearly meeting of this company was held en
Friday, at the offices, Victoria-street, Westminster; Gen.
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 also that a dividend of 31 per ceat.
per annum be paid on the ordinary shares for the half-year
ending Dec. 31.

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

It was agreed that :MO should bo paid to the directors
for services during the year.

WHITEHAVEN JUNCTION.
The half-yearly meeting of this company 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 undei -
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 £4,000 to compensation account. The directors recom-
mended a dividend at the rate of 10 per cent.
Mr. W. LUMA 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.

IVIIITERAVEN 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 receiptduring the past half-year, which would have been still
larg€r if they had sufficient rolling stock to meet the require-
ments of the traffic. Largo 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. Lurie seconded the motion, which was carried.
A dividend of I ls 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
hogs terminated with the customary votes of thanks.

WIIITEHAVEN, CLEATOIt, AND EGRENIONT.
The half-yearly meeting was held at Whitehaven on
Thursday, Mr. A. B. Steward in the chair.

The CHAIRMAN, 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 cent., be had cautioned the shareholders that it was