The Sun.
London, England, 1863-02-26 00:00:00

STRATFORD •ON-AVON.

The half-yearly meeting was held at Stratford yesterday,
Mr. R. Greaves in the chair.

The report stated that, after providing for all interest and
preference charges for the half-year, there was a balance of
£941. The directors attributed the decrease in the passenger
traffic returns to temporary causes. They recommended
that a dividend of 6s. per share be declared upon all the
ordinary paid up shwas.

The CHAIRMAN stated that an agreement had just been
come to with the Great Western and West Midland Rail-
way Companies with respect to through traffic and other
matters.

The report was adopted. A resolution for a dividend of
5 per cent. on the preference shares, and one of per cent.
on the, ordinary shares was adopted.

OSWESTRY AND NEWTOWN.

Yesterday the half-yearly meeting was held at the
offices, Bridge-street, Westminster; Mr. G. H. Whalley,
M.P., in the chair.

Mr. TANNER, the secretary, read the report, which stated
that the dividend for the half-year would be at the rate of
5 per cent, per annum. The traffic was steadily increasing,
and an additional improvement might be locked for on the
completion of the extensions. The Newtown and Machyn-
lleth was opened on Jan. 3, and was worked in harmony
with this company. The working under the agreements
with the London and North Western was satisfactory, and
a bill for their confirmation by Parliament was being pro-
moted in the present session. A bill hal been introduced
for a closer alliance between all the railways of this district,
and bills for further capital and other objects had been also
introduced. The report of Messrs. Piercy, the engineers,
stated that the Llanfyllin and Kerry branches wore nearly
completed. The revenue for the half-year had been £12,273.
The total receipts on capital account had been £681,419, and
there was a balance of £1,301.
The CHAIRMAN, in moving the adoption of the report, said
the line formed a most important section of the Mont-
gomeryshire system, which might be said to commence at
Crewe and end at Merthyr-Tydvil, in South Wales.
Capt. JOHNS seconded the adoption of the report.
The Earl of Powis, after drawing attention to the large
amount expended on the formation of the line, said he did
not doubt the capability of the company to pay all its lia-
bilities, but considered the amount excessive.

The report was adopted, and Capt. Johns and Mr. Gart-
side re-elected directors.

The meeting was then made special, to confirm the for-
feiture of share and the agreement with the Oswestry and
Whitchurch, and thanks having been given to the chair-
man, the meeting separated.

LLANIDLOES AND NEWTOWN.
Yesterday the half-yearly meeting was held at the offices,
Bridge•street—Mr. Whalley in the chair.
Mr, HOWELL, the secretary, read the report, which stated;

that the dividend on the ordinary shares would be at the
rate of 5 per cent. per annum, the rate fixed by the wm king
arrangement with the Oswestry and Newtown. The work-
ing arrangement with the London and North-Western was
satisfactory, and bill for amalgamation and other measures
had been introduced into Parliament.
After some discussion, Messrs. Penson, Morris, Pritchard
and Rees were re-elected directors, and the meeting sepa-
rated.