The Sun.
London, England, 1864-02-01 00:00:00

LLANELLY.

The half yearly meeting of this company was held
on Friday at Radley's Hotel, New Bridge-street,
Blackfriars,—Mr. J. Biddulph in the chair.
The report stated that the revenue for the half
year ending December 31 amounted to £16,910,
and the working expenses, including the hire and
purchase of waggons, to £9,146, leaving a balance
of £7,764, to which was added £36 from the pre-
ceding half year, making £7,800. After payment
of £3,351 for interest on debentures and rent of Vale
of Towy Railway, £4,449 remained for dividends,
out of which it was proposed to pay £1,883 for divi-
dends at the rate of 5 and 6 per cent. per annum on
the A and B preference shares respectively, and
£2,462 on the ordinary stock, being at the rate
of £1 ss. per cent., making, with £1 per cent.
declared in July last, a dividend of 21- per
cent. on the ordinary stock for the year 1863, leav-
ing a balance of £lO4. The income of the company
in 1862 was £30,772 as compared with £31,658 in
1863, showing an increase of £886: The rent pay-
able to the Vale of Towy Railway Company had
been increased from 2 per cent. to 3 per cent. per
annum on the share capital, in accordance with the
terms of the lease. The progress of the works on
the Swansea and Carmarthen lines had been much
retarded by unfavourable weather, but now several
portions of the Carmarthen line were ready for the
permanent way, the laying of which had been com-
menced. The capital expended on the original line,
28-1- miles in length, amounted to £358,438; on the
Swansea line to £131,023; and on the Carmarthen
line to £95,765.

The CHAIRMAN, in moving the adoption of the
report, said that, although there had been a falling
off in their coal carrying trade of 16,000 tons,
there had been an increase in the passenger
traffic. Several new lines had been projected,
which, if carried out, would probably do them a
great deal of good, especially the ore from Llandilo
to Lampeter. A propool had been made by the
Llanelly Harbour Commissioners for the enlarge-
ment of the company's dock, estimated to cost
£40,000, but the matter was under the consideration
of the directors, the opinion at present being that
the dock was quite large enough for the purposes
of the company.

Resolutions were passed adopting the report, de-
claring a dividend at the rate of £153, per cent., on
the ordinary stock of the company for the past half-
year; re-electing Mr. Fowler, Mr. Smales, and Mr.
Lewis, the retiring directors, and also Mr. W.
Morris, the retiring auditor.

The meeting was then made special, and the
directors were authorised to issue 800 shares of £lO
each for the Carmarthen line; and 11,400 shares of
£lO each for the Swansea line.

The proceedings terminated with a vote of thanks
:o the chairman and directors.

LIGHT consists of certain vibrations of the pon-
derable molecules of matter. On the frequency of
these vitrations cho nds, in the first place, the colour of
light; but, next, it bets been ascertained also that the range
of vibrations perceptiblebb y the s
theeyeiiovsl ns
limited
vibrations,tedinexten being
eaten'—red
lricgphrte,,tvtihtoh:lll byi produced
460 billions in a second; and violet light,
which is produced by the quioxest vibrations, icing repre-
sented by 730 billions in a second.