The Sun.
London, England, 1863-06-01 00:00:00

THE SUN, LONDON, MONDAY EVENING, JUNE 1, 1863,

kept up there, it is thought necessary to take many

additional precautions, and the town of Miechow is
being fortified as though it were destined before
long to stand a regular siege.

RAILWAY INTELLIGENCE.

WEST MIDLAND.

A Wharnelitle meeting of this company was held on Fri-
lay at Worcester—Mr. Fenton in the chair.

The CHAIRMAN stated that the object of the meeting was
to consider certain bills now before Parliament, namely, a
bill to enable the company to make a branch in the county
of Glamorgan, and to relinquish the Stratford and More-
ton Railway ; a bill to authorise the Leominster and King-
ton Railway Company to enter into working arrangements
with and to lease or sell their railway to the Great West-
ern and West Midland Companies; and a bill for autho-
rising the Stourbridge Railway Company to raise further
moneys, and for other purposes. On the motion of the
Chairman, formal resolutions approving the bills were
adopted.

WATERFORD AND K ILKENNY,
The half .yearly meeting of this company was held on
Friday, at the Loudon Tavern ; Mr. T. W. hill in the
chair.

thatirt.llVTtrhaffieucalance,
Williams
receiptsthe s ee rfeotra r
they, read
half-year he /e
after deducting working expenses,
again
spehtnoardlitli
half-years
1 1 joat7hrcs,ehxr2eB9sBt,tap3hte7ecold-f,
to £5,280. against £4,862, £4,637, and £1,788 and £9,252 in preceding corresponding
Marchvely. last amounted to £10,050,
amountedre-
spectively. The naemtobunalatendcet,ointscl,u4dsion,gfro£ml7owfhroicmh twhaespdree:
ceding
gd
11;31,f76y6eafor; interest on loan capital,ileaving £1,681 for
dividend. The traffic of the line for the past half-year ex-
ceeded that of the previous corresponding period by £742,
although great depression in trade existed, owing to a suc-
cession of three bad harvests. The directors recommended
that a dividend at the rate of 1/ per cent, per annum be
paid on the preference stock of the company for the past
half-year, leaving a balance of £204. The works on the
portion of the extension line under contract, from Kilkenny
to Abbeyleix, were being actively carried on, and it was ex-
pected they would be completed by the end of the year. The
directors had reason to believe that efforts would be made
by certain shareholders to put an end to the local manage-
ment, which,if successful, would be ruinous to the concern ;
and the directors had therefore asked the shareholders gene-
rally for their support at the meeting, either in person or
by proxy. The report entered at some length into expla-
nations and figures, refating the allegations which had
been repeatedly made at meeting after meeting of the com-
pany to the effect that the local management had reduced
the annual balance for dividend, increased the interest on
the debt, and prevented the line being leased to advantage.
The capital account shoved that £595,054 had been ex-
pended, leaving a balance of £602.
The CHAIRMAN, having moved the adoption of the report,
Mr. DELAIItiNTY seconded the motion, and in doing so
stated that their line andanother were the only two lines in
Ireland that had shown an increase in their receipts as com-
pared with the corresponding period of the preceding year.
The receipts of all the other Irish lines for the past year
were under those of 1860. The South-Eastern line, from
Carlow to Kilkenny, which served an adjoining district to
that of their line, had shown a falling off in the receipts of
t1:0i
me periplra preceding
cc:cod:li tn.pgaarsi
year,comparedsonshowed
while
hwith
receiptsthe
o n
the correspondinglv a
Waterford
rperiod a
and
Kilkenny Railway showed an increase of 8 per cent, on a
This, he thought, must be considered
satisfactory, and showed that the local management had
attended to the inte-ests of the company. The great mis-
fortune of the company was that the railway had cost
£20,000 a mile, or about three times more than it ought to
have cost. The oily mode of improving the condition of
the 31 miles of old ',inc now in operation was by extending
it into the interior cf the country. The local board had done
their best to develole the traffic, but they had not received
the support they hal expected. They had obtained an act
authorising the construction of 42 miles of extension line, of
which 19 miles had been contracted for and would be open
for traffic before the end of the year, If all parties interested
would unite and su)scribe the necessary funds the extension
line would soon be completed, at a moderate cost, and a
large amount of athitional traffic would be brought over the
old line to Waterford and shipped to Milford Haven for
South Wales and other places.
A long and personal discussion ensued, in which Mr.
Adams, Mr. Carder, Mr. Robinson, and Mr. Radcliffe, the
solicitor to the company, took part, after which the report
was adopted ; a dividend at the rate of 11 per cent. per an-
num was declared for the past half-year on the preference
stock ; the retiringdirectors, Mr. J. M. Tidmarsh, and Mr,
C. Whetham, were re-elected , and also Mr. C. H. Robin-
son, the retiring atditor.
A vote of thanksto the chairman concluded the proceed-
ings.

ATLANTIC AND GREAT WESTERN.
The traffic receipts on this company's line for the month
of April amounted, on 127 miles, to 11,234 dols for passen-
gers, mails, &c., and to 43,826 dole for freight ; total, 55,060
dols, against 10,394, on 50 miles, for the corresponding
months of 1862, showing an increase of 67 miles and 44,666
in the receipts. Cn May IS the line from Salamanca to
Akron, with branches to the oil wells, a length of 240 miles,
was opened for traffic.

VICTORIAN.
The traffic receipts on the Victorian Government Rail-
ways, 196 miles in length, amounted for the week ending
Feb. 26 last, to 11,075, against £4,045 on 92 miles open in
the corresponding weeg of last year, showing an increase o
104 miles and of £7,020 in the receipts. The aggregate re-
ceipts from Jan. 1 to the above date amounted to £71,429
against £33,815 for the corresponding period of 1862, show-,
ing an increase of £37,614.

DRAIERARA.
The traffic receipts on this line for the fortnight ending
the 2d ult. amounted to 4,364 dell, and for the correspond-
ing period of last year to 3,888 dole, showing an increase of
478 dels.

ILLINOIS CENTRAL.
The financial statement of this company for the month of
April show that in the land department 14,516 acres of
land had been sold for 158,869 dole, making since J au. 1
671,789 dols. The total quantity
olafsltan6d3,2Bo9l9dafcrroems soldth f
the commencement
eoothr
mencement was 1,261,625 acres for
15,811,263 dole. The construction bonds cancelled to March
31 last amounted to 2,351,500 dols, and the cash collected in
April to 122,385 dols. The total receipts on the railway for
the month of April amounted to 267,643 dots, and for the
same month of 1862 to 191,648 dots, showing an increase of
75,995 dols.