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 3f per cent per annum for the past half-year.
The CHAIRMAN said it would be necessary to adjourn the
special meeting intended to be 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
J UNCTION.

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,

The 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 60 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 mote would complete the excavation. As soon as
the tunnels were completed the remainder of the stuff would
bf t arried through them to finish the first portion of the long
embankment near Nunhead. 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 the 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 expenditure had been
£241,537, which gave an average of £9,000 per week. Ho
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.

SPQR TING INTELLIGENCE.--T his Day

YORK RACES--TUTS DAY.
(BY ELECTRIC TELEGRAPH)
KNAVESME RE PLATE.

Brindisi
Woo,
COLT SAPLING STAKES.

Koenig
King Arthur . ............................... 2
YORK CUP.

Caller Oa
...... 1
Rapid Rhone
East Lanca .................. 2
shire
Won by a short head, a neck between second and third. 3
NURSERY HANDICAP.
Wings of the Wind
Tilt
King of Greece "••••:• 2
Sixteen ran. S 3
YORKSHIRE STAKES.

Miner
...... — •..... (Osborne) 1
Blllyair .
Athol
................ (Chatloner) 2
E................ (ensconce)
d 3
Won easily by a length ; half a. length between second an
third.

LATEST BETTING.
ST. LEGER,
12 to 1 agst Baragah (offered)
The Caversham Stakes at Reading not finally settled.