The Sun.
London, England, 1864-08-09 00:00:00

MID-KENT.

Yesterday the half-yearly general meeting of this corn.
pany was held at the offices. Duke-street, Westminster
Mr W. A. Wilkinson in the chair.

The CHAIRMAN, in moving the adoption of the report,
said that he had only to congratulate the shareholders upon
the passing of the bill for the amalgamation of the concern
with the South-Eastern Company. The terms of the agree-
ment must be deemed highly satisfactory to both parties,
especially to the South-Eastern Company. He had also to
congratulate them upon the opening of tho Addiscombe Ex-
tension, and the dividend which it was proposed to pay.
Mr L. SIMPSON seconded the motion, which was unani-
mously agreed to.

Tho dividend of 31 per cent. for the half year was de-
clared, and thanks to the chairman and directors closed the
proceedings.

STOCKTON AND DARLINGTON.

The half-yearly meeting of this section of the North.
Eastern Company was held at Darlington yesterday, Col
Stobart in the chair.

The report of the committee stated that the amount avail-
able for this section was sufficient to pay a dividend of 8 per
cent. per annumion the ordinary shares, and leave a sum to
be carried forward of £2,893. There was also the balance
of £15,989 on share premiums remaining untouched. The
general working of the traffic had proceeded satisfactorily
in every respect, and the prospects of the undertaking as
now united gave promise of continued prosperity.
In reply to questions, it was stated that the debt due by
the Consett Iron Company amounted to £loo,ooo—that in-
terest upon the original debt had not been paid, but went
to make up that amount—that the Iron Company had
been reconstituted as a limited liability company—that the
railway company held shares in the new company to the
amount of their debt, and that there was every reason to
suppose that the loss, if there was any, would be very
small. The capital of the company would shortly bo called
up, and then the position of the company would be more
settled.
The proceedings then terminated.

(' SOUTH YORKSHIRE.
The directors state in their report that £91,271 had been
added to capital during the past half-year. The revenue
account exhibited a gross income from all sources, under
agreement, with the Manchester, Sheffield, and Lincolnshire
Company, of £96,265, earned at a total expenditure of
£35,939. The balance of £60,326, after meeting the interest
and preferential dividend, would yield a dividend on the
ordinary capital at the rate of 5 per cent. per annum. The
bill to authorise the transfer of the company's undertaking
to the Manchester, Sheffield, and Lincolnshire Company re-
ceived the royal assent on the 23d June.

FOREST OF DEAN.
Yesterday the half-yearly meeting of the company was
convened at the offices of the company, in Victoria-street,
Westminster—but there not being a sufficient number of
proprietors present the meeting was adjourned.

MONK LAND.
The report of the directors of this company states that
the traffic receipts for the half-year ending the 30th June
amounted to £13,867, and the working expenses and inte-
rest to £23,483, leaving a net balance of £20,384, against
£16,066 for the corresponding half of 1863. There was a
progressive increase in the revenue derived from passengers
and goods, and the working expenses were somewhat re-
duced, being 43.1 per cent. of the receipts. The directors re-
commended a dividend at the rate of 5 per cent. per annum
on the ordinary stock. The payment of this and the guaran-
teed dividends would absorb £18,051, leaving a balance of
£2,833 for the reserve fund, which would then amount to
£5,210. The improvements in the permanent way having
been nearly completed, tho directors hoped to effect a re-
duction in this charge in future. Four engines had been
added to the working stock, and three more were being
built. Those were required to work the additional mileage.
for which sufficient provision had not been previously made,
only one engine having been added to the etock since the
opening of the new lines of 1857. An engine was also now
required for the Ballochney inclines, which were at present
worked by locomotive power instead of by wire rope as for-
merly. Seventy-four additional six ton trucks had been
added to the stock, and contracts had been entered into for
the supply of 138 more of similar capacity. By an arrange..
ment entered into, the undertaking of this company was to
be amalgamated with the Edinburgh and Glasgow, receiv-
ing a guarantee of 6 per cent. dividend upon the ordinary
stock; and a bill to authorise this amalgamation would be
promoted in the next session of Parliament. The capital