The Sun.
London, England, 1863-08-04 00:00:00

RAILWAY INTELLIGENCE.

GREAT NORTHERN.
The directors of this company have determined to recom-
mend the proprietors at the general meeting on the 22d
inst. to declare a dividend for the half-year ending June 30
last at the rate of SI ss. per cent. per annum on the original
stock of the company, giving for the half-year £2 2s. 6d.
per cent, to the original stock, £3 per cent. to the B stock,
and £1 ss. per cent. to the A stock.

1,...,.,......,....

METROPOLITAN,
Yesterday numerous passengers on the Metropolitan Rail-
way were surprised at the appearance of placards posted at
all the stations on the line announcing that the Great West-
ern Railway Company had given notice that they would
cease to carry passengers over the line on and after Monday,
the 10th inst. It appears that the Great Western, who have
hitherto worked the line between Bishop's-road station and
Farringdon-street, deem it desirable to conclude the ar-
rangement for working the line, and to throw that duty on
the Metropolitan Railway Company, on the ground that
the working arrangenients as they at present stand do not
pay them, and that in a pecuniary point of view they are
losers to the extent of something like £2OO a week. The
Metropolitan Railway Company are thus temporarily thrown
on their own resources, and hope to be able to make arrange-
ments for carrying the passenger traffic between Farring.
don station and the Edgware-road station. There will thus
be a break between the Bishop's-road and the Edgware.
road stations. Yesterday the directors of the Great Western
issued a notice stating 4; that they would not be responsible
for the trains or the working of the Metropolitan Railway
beyond the last train at midnight on Monday, August the
10th inst."

VICTORIA STATION. AND PIMLICO.
The half-yearly meeting of this company was held yester-
day, at the office, Duke-street, Westminster—Mr. W. Lee,
M.P., in the chair.
ort.
Mr. E. Bellamy, the secretary, read the re
The CHAinmAN,
p
in moving the adoption of the report,
said they were now in a position to pay 3 per cent for the
past half year, and for the year 1863 they would be able to
he hoped, would be satisfactory to
vighiechw'ould be happy to answer any ques-
tions the proprietors might deem necessary with regard to
their affairs.
In reply to Mr. Borradaile, it was stated that the com-
paandYalwreearde bound to expend £105,000 on the station. They
y
Dover and Brighton Companies had
agawe'inaeundt to enlarge, or widen, the line and
to expend. After this was expended there would remain
£16,000 towards the reduction of the debenture debt. The
in lieu of a certain contingency in respect of
had agreed to commute the expected
come London,
te
aCub.eant
engagement
station ; and,
the London and North-Western using the Brighton station,
would amount to £20,425 in the sear
Victoria
CthlatPsaonuYrce for an annual payment from July,
receipts the
fr
the maximum rent would be paid by the Lon-
Dover and Great Western Companies,
1864, of £1,125 a year- After deducting all charges, the in-
heal':
hdeeolmievmeudttahteiodni
voifde£Rld,lw2esnblyd
tthheenßhreiegeheitoen.
cloBm67e, of
whenthe
don,cteogme together
Chatham,
thing more than 9 per cent. per annum.
Mr. BLYTII seconded the motion for the adoption of the
report, which. was carried unanimously.
A dividend of 3 per cent. for the past half-year was de-
clared payable on the Bth inst., and it was stated that the
laiialiravtir'
dividend for 1864 would be at the rate of 7 per cent.
A vote of thanks to the chairman and directors closed the
proceedings.

The half-yearly meeting of this company was held yester-
day at the office, Duke-street, Westminster ; Mr. W. A.
Wilkinson in the chair.
conveningM
rE' BELLthe
said the position of the company had now become very satis-
factory ; its traffic was increasing as usual, and no doubt it
would continue to increase. They had remonstrated with
the South-Eastern Company on their extension to Tun-
bridge, and had endeavoured to show them that there was a
better line than they had selected. The directors did not
think it necessary to oppose the London, Chatham, and
nier,etv ti,ngthe secretary, having read the notice, the report was taken as read.
The CHAIRMAN' in moving the adoption of the report,
Dover Company's extension from Beckenham ; but they
did interfere with the South Eastern Company's exten-
sion to Tunbridge as affecting the interests of the company.
He was sorry that their application for the extension of their
line to Croydon had been rejected by the Parliamentary
Committee. He thought the committee should have paid
more attention to a petition signed by 1,000 persons resid-
ing in Croydon, including the authorities of Croydon, in
favour of the company's application for an extension of their
line to that town, especially as there had been no opposition
from landowners. The only reason for not granting the
line to Croydon was because the Brighton Company did not
like it. Since the last meeting the South-Eastern Company
had offered to purchase the Mid-Kent Railway. The terms
were to the effect that the South-Eastern would assume the
debenture debt and preference shares of the Mid-Kent Com-
pany, and pay the latter company a premium of £40,000 for
the £BO,OOO of share capital, making the purchase money
£120,000, upon which interest at the rate of 4i per cent.
would be payable (being at the rate of 61 per cent. on the
£BO,OOO of original capital) until that sum was paid. He
(the chairman) believed it would be a good bargain for both
companies. The matter could not be submitted for their
approval until the bill was prepared for the next session of
Parliament.

Mr. L. SIMPSON, a director, seconded the motion for the
adoption of the report. He thought it a wise policy on the
part of the South-Eastern Company to secure the Mid-
Kent line, which was intended to open up a beautiful dis-
trict. and it was constructed at a time when no other line
could be formed for so small a sum. He thought the arrange-
ment would be a great advantage to both companies.
Resolutions were unanimously passed adopting the report,
and declaring a dividend of 2i per cent. for the past half-
year, payable on the 7th inst.
The CHAIRMAN stated that in future the shareholders
would receive 4f per cent. on the purchase money of
£120,000, instead of, as at present, so much from the profits
of the line.
The proceedings concluded with a vote of thanks to the
chairman and directors.

GREAT WESTERN OF CANADA.
It appears that the directors of this company have been
informed by their financial agent in Canada that the loss
on through traffic collected and converted, ascertained up to
the 18th July, amounted to 269,895 dols. 69c (255458), and
that there remained a further sum of American funds for
conversion at that date of 25,305 dol. 58c. In addition to
which there were balances in account with connecting rail-
ways still unadjusted.