The Sun.
London, England, 1864-08-11 00:00:00

VICTORIA STATION AND PIMLICO.

The half-yearly meeting of this company was held yes-
terday, at the offices, Duke-street, Westminster—Mr Wm.
Lee, M.P., in the chair.
The CHAIRMAN, in moving the adoption of the report,
said he could verify the statement made at the last meeting
respecting the estimated progress of their ordinary divi-
dends up to the end of the year 1867. They had been told
that for 1564 the dividend would amount on the ordinary
stock to 5i per cent., for 1865 to 6f per cent., for 1866 to 7f
per cent., and for 1867 to 9 per cent., with a probability of
having a small bonus every 18 months afterwards in addi-

tion to the latter rate. He had no doubt of that estimate
being verified in every particular.
A proprietor suggested that the debenture debt should be
capitalised at 5 per cent., and be offered rateably to the
shareholders.

Another proprietor thought that the borrowed money
might be gradually capitalised by means of a 4 per cent.de-
benture stock as the existing debentures became due.
The CHAIRMAN promised that those suggestions should
have the consideration of the directors.

The report was then unanimously adopted, and a dividend
of V 15s. per cent. on the ordinary stock was declared for
the past half-year, payable on the 11th inst.
A. vote of thanks to the chairman and directors concluded
the proceedings.

TOTTENIL AND HAMPSTEAD JUNCTION.
The half-yearly meeting of this company was held yes-
terday at the office, Peet's•corner, Westminster, Captain
Arrow in the chair.

Mr Horn, the secretary, read the report, which stated
that the bill to enable the company to effect a junction with
;ho Midland Company's line at St. Pancras had received

he sanction of Parliament. The estimated cost of the junc-

Lion was £lOO,OOO. Ot Pum the Midland and the Great
Eastern companies severally had power to subscribe to the
extent of one-third each, and by the terms of the Act, when
they had so subscribed, each company might appoint two
members of their respective boards as directors of this com-
pany, which would raise the number of directors from five
to nine. The traffic of the Midland Company to the city
of London and the docks, and that of the Great Eastern
Company to a North-Western terminus, would pass over
the line ; in addition to this, it would develope and accom-
modate the suburban traffic between the western and eastern
districts of London and the constantly-increasing popula-
tions of Holloway, Ramsey, Crouch-end, and Tottenham,
and thus become a most important feature to the Metro-
politan Railway system. The progress of the works had
been satisfactory, and tbo directors had no reason to doubt
that the line would be completed by the 31st of October,
1865. The report of the engineers, Messrs. M'Clean and
Stileman, stated during the past half-year a considerable
amount of work had been executed. The bridges under the
Great Northern Railway and some others had been com-
pleted; and the contractors were taking advantage of the
fine weather to push on the excavations. Possession of the
greater part of the land had been obtained. The capital
account to the 31st of July showed that £106,702 had been
received,andXB6,o99 expended,leaving a balance of £20,603.
On the motion of the Chairman, seconded by Mr G. Reed,
deputy chairman, the report was unanimously adopted, and
a vote of thanks to the chairman and directors concluded
the proceedings.