The Sun.
London, England, 1855-09-06 00:00:00

LANCASHIRE AND YORKSHIRE.

The half-yearly meeting of this company took place
yesterday at Manchester ; Mr. Wickham, M.P., pre-
sided. The meeting was also made special, for the pur-
pose of approving the lease of the Rochdale Canal, and
to convert a portion of the debt into irredeemable an-

nuities.

An abstract of the report and accounts has already

appeared.

The resolution adopting the report was carried unani-
mously, as WHO declaring a dividend after the rate of 4
per cent. per annum on the ordinary stock of the com-
pany, and in proportion on the other stock, in addition
to the guaranteed rates.

The ;pedal meeting was then held, and the CHAIRMAN
moved a resolution approving of the lease of the Rochdale
Canal, along with the other companies previously named,
for 21 years, which was carried unanimously.
The proceedings terminated with a vote of thanks to
the chairman.

THAMES HAVEN.

The adjourned meeting of this company was held yes-
terday at the London Tavern; Mr. Lowden in the chair.
The CHAIRMAN stated that complaints had been made
by the shareholders at the last meeting that they had
not received their Tilbury stock in exchange for their
shares. The Thames Haven line was ready for traffic in
February and March last, and it was agreed that in ore
month after that event they were to receive the Tilbury.
stock, hut sonic delay took place in consequence of the
Tilbury line not being ready, and there were difficulties
in the way of a settlement. Then, with regard to the
land, there was a clause in the agreement between them
and the Tilbury Company to the effect that the latter
should have the option of purcha'ing it at not lees than
100/. per acre, the amount to be agreed upon by the
two companies. The Tilbury Company, however, had
declined to purchase it, because they had no power to
use it. The directors bad been incessantly engaged with
the Tilbury Company for .soesie der, and the result was
that they had succeeded in obtaining a promise that
the Thames Haven shareholders should have their
Tilbury stock early next week, and that matter would
he settled satisfactorily. With' regard to the land at
Thames Haven, it was ly position and nature only
fit for the formation of a duck. He was glad that
some of the shareholders who thought otherwise had
taken the opportunity of going down by railway to
look at it, and they found that one-half of it consisted of
mat s'i and bog. Unless the company were prepared to
drain it and protect it from the tile, it would be impos
Bible to sAI it in small lots, as stipe'ated in the amend-
ment propose; at the meeting on Wednesday last. He
then read a letter he had received from an eminent land
valuer, to the effect that the land in its present state
could not be d.vided into small lots. It was boundeci
on one side by a sea wail 1,705 yards in length, a por-
tion ef which was washed away last winter. The land
was good for dock purposes, and no other, as the exca-
vation would be useful in raising the surrounding land
to the proper level. He (the chairman) felt convinced
that if the mover of the amendment had seen the pro-
perty he would not have moved that it be sold in lots.
It we s peculiarly well situated for a dock, as at low
eater there were 21 feet in depth for vessels, so that
they could go in and out at all times of the tide. The
Tilbury Company had every disposition to assist them,
hut they had rot the power. All that the directors of
the Thames Haven Company required was, that the share-
holders should subscribe ss. per share to pay the expenses
of obtaining an act for the extension of time, and to enable
the company to carry out the original design of making
a dock or to dispose of the property to other par
ties who would do so. The directors would guarantee
that not more than 3s. per share should be expended in
case they did not obtain the act. They would not re-
quire any more money until the act was obtained,
which would probably be in August, 1856. The total
suns required to make the dock would be 31. per share,
on 12,000 shares, and the borrowing powers to the ex-
tent of 8,000/. That was all they could call up, and it
was probable that other parties would find the money,
but it was absolutely requisite that the Thames Haven
Company should apply to Parliament for the power, as
no other company could do so with equal facility.
Some of the shareholders who had visited the land on
Saturday last expressed their approval of the plan pro-
posed by the directors.
Mr. CHAPMAN, the solicitor, explained that the risk
would not exceed be. per shareeand those who did not
like the undertaking, could sell their interest to those
who had no objection to carry it out. The cost of con-
veying the land in small lots would be nearly as much
as the purchase money, and there might be some diffi-
culty with the title.
The CHAIRMAN stated that the whole of the directors
would resign their seats, and that new directors would
come in from the Tilbury Company, with the exception
of one or two Thames Haven directors, who would re-
main. He then said they would proceed with the ballot
on the amendment that had been moved at the last meet-
ing to the effect that the land be sold in lots ; the re-
commendation of the directors being to apply the land
for the purposes of a dock and harbour.
On the votes being taken, there appeared 143 against
the amendment and in favour of the dock, and 83 in
favour of the amendment and against the dock. The
number of shares in favour of making the dock was
3,202, and against it, 1,280—majority, 1,922 slaves.
Formal resolutions were then passed authorising the
directors to apply to Parliament for the revival of the
former powers of the company, and to place its hares;ital.
on a proper footing ; approving the call of Sc. per
r
and authorising a reduction in the number of director
and the reconstitution of the board.
A vote of thanks to the chairman concluded the plc-
ceedinga.

EAST OF FIFE•
The report of the directors of this cornpany states
that the act incorporating the company received the
Royal assent on te 23c1 of July last. They recommei,d
might be opened for traffic
Early the works forth e construction of the railway should
be prosecuted without less of time, so that, it possible,
the proposed line of railway
Early in the ensuing year. It having been considerei.
t:.7nt Elito'
advisable that Os terminus of the railway at Kilconguhar
should be changed• the directors recommend that the
deviated line be terminated near Broomlees Tile Work
on the south-wes meansf the turnpike ros.l_,
Balehristie. By of the deviation
be saved in the expenditure. -')A,$)5l. would

MIDLAND GREAT WESTERN.
The gross receipts from traffic on this line, for the
half-year ending the 30th of June last, amount to
67,2.66/., and the expenditure to 38,3881. ; leaving a
balance cf 28,878/. The receipts on the Albion° and
Galway lino amount to 12,600/., and the expenses to
L3UiL)IQaTiDg a balaLCO I UZI divideed at, the
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