The Sun.
London, England, 1865-09-23 00:00:00

nine gentlemen named should form the committee
of shareholders, and declared that the meeting was
in favour of it.

The announcement was received with applause.
A resolution declaring a dividend for the half-year
at the rate of 21 per cent. per annum was then car-

ried.

Mr. L. WALDRON proposed that the chairman,
Mr. R. Cusack, the Hon. G. Handcock, Mr. La
Touche, and Sir P. Nugent, who went out of office
by rotation, be re-lected.
Mr. SMITH seconded the motion.

The Hon. Captain GOUGH then moved that Lord
Clonbrock, Mr. G. Morris, the Hon. G. Handcock,
Mr. La Touche, and Mr. R. Cusack be elected in
the room of the outgoing directors.
Mr. P. JOYCE seconded the amendment.

The CHAIRMAN then put the amendment, and
declared that in his opinion the majority of the
meeting was in favour of it.

A poll was demanded, and the meetingadjourned

NORTH BRITISH.

The directors of this company state in their re-
port that the whole character of the North British
Railway had been regenerated by the incorporation
of the Edinburgh and Glasgow and Monkland
Railways in their system, and the objects for which
the company had striven so long had been attained.
The union of the Edinburgh and Glasgow and
Monkland Railways with the North British, and the
restoration of the ancient route fom Edinburgh and
Glasgow to the North of Scotland via Dunfermline,
had been the aim of North British policy during
several years ; andat the same time the company had
been absolved from the obligation to expend a very
large sum of money in the construction of works
now rendered comparatively useless. The savings of
about £300,000 of outlay which would be effected,
together with those on the South Queensferry
branch, would become applicable to the construc-
tion of the Bridge of Forth. Thepier at Burntisland
was progressing rapidly, and would be the means of
enabling the company to accommodate traffic which,
under any circumstances, would find au outlet to
Leith and Granton from the opposite shore. The
extension of the Waverley line into the centre of
Carlisle enabled the North British and Midland
Compani€s to make the best use of their agree-
ment for a joint goods station. The net revenue
for the half-year afforded a surplus of £38,682.
There was a balance of £20,766 to the credit of
the contingent fund which was available
for the general purposes of the company. The
directors recommended a dividend as follows :-3
per cent. per annum on the North British ordinary
stock, 41 per cent. per annum on Border Union
ordinary stock, and 1 per cent. per annum on the
Edinburgh, Perth, and Dundee ordinary stock,
carrying over a balance of £9,797 to the credit of
the North British shareholders proper. The capital
account showed an expenditure of £11,105,944.
The revenue account showed that £350,143 had
been received, and £156,912 expended, leaving a
balance of £194,131, out of which was deducted
£1,550 for rent of Port Carlisle, and £2,856 for
rent of Carlisle and Silloth Railway, leaving
£189,724, to which was added £1,309 from the
preceding half-year, making £191,033. From this
was deducted £58,265 for interest on loans,
£45,593 for North British preference dividends,
£22,263 for Edinburgh and Dundee interest and
dividends, and £26,230 for dividends under the
Amalgamation Act, leaving the balance as above
of £38,682 available for dividends on the ordinary
stocks.