The Sun.
London, England, 1863-02-20 00:00:00

LLYNVI VALLEY.

The half-yearly meeting of this company was
held yesterday at the Great Western Hotel, Pad-
dington, Mr. M‘Gregor in the chair.
Mr. SAUNDERS, the secretary, read the report,
which stated ,that the gross revenue of the com-
pany was £9,427. The amount required for the 5
per cent. dividend on the preference stock was
£3,378, leaving a balance available for dividend of
£853. To that balance the directors proposed to
add from the reserve fund £528, and to declare a
dividend on the ordinary stock at the rate of 4 per
cent. per annum, free of :income tax. The reserve
would then amount to £6,255
The CHAIRMAN, in moving the adoption of the
report, stated that the line was a new one, having
been opened only:12 months. The traffic was deve-
loping itself, and he had no doubt they would be
able to show a very considerable increase in their
receipts during the next half-year. The greater
portion of their preference stock had been placed,
and the remainder, he had no doubt, would soon be
takan up.
Mr. BAKER seconded the motion.
Mr. EAGLESFIELD moved as an amendment that
the dividend for the past half-year be at the rate of
6 per cent. per annum, so as to make the dividend
for the year 5 per cent.
Mr. WARNER seconded the amendment.
The CHAIRMAN opposed the amendment, because
he thought it prudent to retain the reserve, in order
to give security to those who took np the 5 per cent.
preference stock.
After a long discussion the amendment was with-
drawn, and the report was unanimously adopted.
Dividends at the rate of 5 per cent. per annum,
less income tax, were then deolared on the first and
second preference stock, and at the rate of 4 per
cent. per annum, free of income tax, on the ordinary
, stock of the company, payable on the 2d March.
Mr. Macgregor, the retiring director, was then
re-elected, as was also Mr. G. Woolcott, the retiring
auditor.
The proceedings then-terminated.

MERTHYR, TREDEGAR, AND ABERGA-

VENNY.

The half-yearly meeting was held on Monday at
the offices, Abergavenny—Mr. Bailey, M.P,, in the
chair. The report stated that the Abergavenny
and Brynmawr section of the line was completed
by the Ist October last, and since that time the
London and North-Western had worked it in ac-
cordance with the terms and conditions of the com-
pany's " Leasing Act, 1862." The first payment by
the London and North-Western fell due on the 31st
December last, and the amount was sufficient to
declare a dividend at the rate of 5 per cent per
annum for the three months on the share capital.
Mr. Gardner, the engineer, reported that the works
were proceeding in a satisfactory manner, and would
be completed by June next. The report was unani-
mously adopted, and the chairman and Mr. Brown
were re-elected directors. The capital account
showed that £199,618 had been received, and
£175,886 expended, leaving a balance of £23,752
to the credit of the company.

S. LINDSAY, M.P.—The Rising Genera-
• tion—Our Prize Essays—Mrs. Grundy's Gossiping,
&C., in FUN this week.
One Penny. Of all Newsmen.

ROYAL ENGLISH OPERA, COVENT-
GAR DEN.
nder the Management of Miss 1,0111611. Prtte and Mr. W.
Harrison, Sole Lessees.
THIS EVENING, SATANELLA : Misses Sara Dobson,
Thirlwall, and Susan Pyne ; Messrs. W. H. Weiss, J. Rouse,
A. St. Albyn, H. Corri, C. Lyall, W. H. Payne, and George
Perren

Conductor—Mr. A. Mellon.
After which, the Grand Comic Ciirlatmaa Pantomime, en-
tit ted lIARLEQUIN BEAUTY AN li'TFIE BEAST.
Doors open at hail-past S--( Ommenee at 7.

THEATRE-R OI'A L, DRURY-LANE.-
Lessee and Manager, Mr. Edmund Falconer.
THIS EVENING, DON C2ESA R DE BAZAN. Mews.
Henry Lorraine, Sinclair, Chas. Selby; Mrs. Bowers, Mrs.
Edmund Falconer, Miss H. Howard, Jrc.
After which, the Grand Pantomime of LITTLE GOODY
TWO SHOES.