The Sun.
London, England, 1855-03-01 00:00:00

SOUTH YORKSHIRE.

The half-yearly meeting of this company was held on
Tuesday at the London Tavern ; Dr. Dymond in the
chair.

After some discussion on the traffic and the accounts,
the report was adopted.
A dividend at the rate of 4/. per share per annum was
declared upon the guaranteed share stock of the com-
pany, another of 9/. per share upon the ordinary stock
-- namely, 41. for the past year, 4/. for the year in which
there had been no dividend, and 1/. for the year in
which the 3/. dividend had been declared.

The outgoing auditors and directors were re-elected,
and the proceedings terminated.

SOUTH WALES.

The half.year}y meeting of, this comp?.ny was held
on Tuesday at the Great Western Hotel, Paddington; Mr.
C. R. M. Talbot, M.P., in the chair.

The report stated that the receipts per mile during the
past half-year amounted to 8511. per mile, as compared
with 8101. per mile at the corresponding period of 1853.
The charges for the supply of rolling stock have, after
much negotiation, been amicably settled with the Great
Western Company. After making allowance for all the
charges in respect of rolling stock which remained unad-
justed at the last meeting, the declaration of a dividend
at the rate of 3 per cent. per annum can be recommended,
leaving a balance of 3,831/. The expenditure on capital
account during the half-year has been incurred in the
prosecution of the works between Haverfordwest and
Milford Haven, in the improvements of the Forest of
Dean Railway, and in extending accommodation for the
traffic. An abstract of the statement of accounts has
appeared in Tire A‘un. . _

The CHAIRMAN, in moving the adoption of the report,
remarked that while the charges for the maintenance of
the permanent way, carrying, and general charges for
the South Wales Railway were less than on the two
broad (range lines, the Vale of Neath and Great West-
ern, the locomotive charges were very much greater. On
the Great Western they amounted to 9 per cent. of the
gross receipt•, on the Vale of Neath to 12 per cent.,
while, under the agreement with the Great 'Western,
they amounted-on the South Wales to 30 per cent. In
fact, the carrying and locomotive expenses amounted to
95,0001. per annum. There were only two courses open
to them, either to amalgamate with the Great Western
or to work the line themselves, and unless they did the
latter he did not see any hope of an increaße of dividend.
He estimated that they would save 30,0001. a year by
working the line with their own stock.

Resolutions were passed adopting thereport, declaring
the dividend, and authorising the directors to raise
320,0001. on preference shares.

WHITEHAVEN AND FURNESS.

The half-yearly meeting of this company was held
on Tuesday, at 3, Guildhall-buildings ; the Earl of
Lonsdale in the chair.

The report stated that the gross traffic receipts for the
half-year ending the 31st of December last amounted to
7,2061., and the expenses to 4,3921., leaving a balance
of 2,8141. The increase in the receipts as compared with
the corresponding period of 1853, was 1,4571., being up-
wards of 25 per cent. The increase in the expenditure
was 1,0451. The terms of the agreement for the joint
working of the line with the Whitehaven Junction
Railway have been modified, and it is expected that it
will work satisfactorily to both companies, and that a
considerable saving will be effected in the locomotive
charges. The amount now owing on the capital ac-
count, including outstanding liabilities, is 34,9781. The
sum of 29,5941. has been paid upon the preference shares
created in August, 1853. The works on theWhitebaven,
Cleator, and Egremont Railway are progressing rapidly,
and the line will be opened for traffic in September. The
capital account showed ;,that 437,9831. had been ex-
pended, including 3,0321. during the half-year.
On the motion of the CHAIRMAN, the report was
adopted, and, after some formal business, the meeting
separated.