The Sun.
London, England, 1865-09-04 00:00:00

BALA AND DOLGELLY.

The half-yearly meeting of this company Was held
on Thursday at the offices, Broad Sanctuary, West-
minster; Mr. A. C. Sherriff, M.P., in the chair.
The report stated that since the last meeting the
arrangement with the Great Western Company for

working the line had been completed. The contract
for the construction of the line had been let to
Messrs. Brassey and Field, and the works would be
in full operation during the present year.
The CHAIRMAN, in moving the adoption of the
report, said it was the intention of the directors to
strengthen the Board by the introduction of gentle-
men largely interested in the district through which
the line passed. Sir Watkin W. Wynn, Mr. William
Wagstaff, and Captain Bulkeley had signified their
willingness to join the direction.

The report was adopted, and resolutions were passed
proving the agreement with the Great Western Com-
pany for working the line, and giving power to that
company to purchase the line within a specified time.
A vote of thanks to the chairman closed the pro-
ceedings.

DUBLIN AND ANTRIM JUNCTION.
The half-yearly meeting of this company was held
on Wednesday in Belfast; Mr. A. 11. Pakenham,
J. P., in the chair. The report of the engineer
stated that, if no financial difficulties presented
themselves, the line would be completed in March,
and that 15 miles of the eighteen would be ready
for the permanent way in the course of six weeks.
A resolution was adopted, giving permission to the
company to convert ordinary into preference shares,
to the amount of £35,000.

A.THENRY AND ENNIS.
The half-yearly meeting of this company was held
on Thursday, in Dublin ; Sir C. O'Loghlin, M.P.,
in the chair.

The CHAIRMAN, in moving the adoption of the re-
port, which was passed, regretted that the contrac-
tor had been obliged to suspend the works for the
extension to Gort at present, but hoped he would
soon resume operations. The meeting was made
special for the extension of the company's borrowing
powers, and resolutions were passed to that effect.

;BELFAST AND COUNTY DOWN.
The half-yearly meeting of this company was held
on Thursday in Belfast ; Mr. W. R. Anketell in the
chair.

The CHAIRMAN, in moving the adoption of the re-
port, which was adopted, stated that the balance
available for dividend for the three half years ending
January, 1864, was £11,278 ; and for the three half
years ending July, 1865, £13,052, being an increase
of £1,774. The traffic on the main line for the year
ended July, 1862, was £24,877 ; July, 1863,
£26,678; July, 1864,£29,209; July, 1865, £32,165.
He congratulated the shareholders on the fact that
the report was more favourable than any that had
hitherto been issued.

A dividend of 5 per cent. on certain classes o:
shares was declared.

EUROPEAN CENTRAL.

The directors in their report express great regret
at the large amount of calls in arrear. The want
of funds had very much impeded the directors
in their financial transactions. They had, how-
ever, used their best endeavours to maintain
the credit of the company, and to proceed with the
construction of the line in the terms of the conces-
sion.*The directors entered into a provisional agree-
ment on the 4th of July last with some influential
capitalists on the continent of Europe for the ab-
sorption of the company into a company to be
formed by them for the construction of an Alpine
line through the Lukmanier Pass, under which, on
this company exercising their preferential rights un-
der their concession, and on their obtaining the con-
cession of the Lukmanier line from the canton of
Tessin, and the subvention from the Italian Govern-
ment being arranged, this company was to be ab-
sorbed in the new company. The Tessin lines were
under such agreement to be completed by the new
company, and all the liabilities of this company
were to be discharged. A large sum had been ex-
pended upon the line, and arrangements had been
made with the sub-contractors to expedite the
works, and pending the realisation of the agreement
with the continental capitalists to accept payment
for further certificates of work done in bonds and
bills. Simultaneously with the opening of the sec-
tion of the company's line from Lugano to Chiasso,
the South Austrian and Lombardo-Venetian Rail-
way Company were under engagements with the
Italian Government to open the line of railway be-
tween Chiasso and Camerlata, beyond Como, which
would at once complete the junction of the com-
pany's line with the Italian system of railways, and
form, in conjunction with the line over the Luk-
manier, an uninterrupted line of railway from the
Mediterranean across the centre of Europe. From
the balance-sheet it appeared that the receipts in
shares amounted to £92,078, on debenture bonds to
£97,600, and on secured loan to £lO,BOO, together
£200,478, and the expenditure appeared to be
£204,942.

IMPERIAL MEXICAN.
A special general meeting of this company was
held on Friday at the London Tavern, Mr. R. W.
Crawford, M.P., in the chair.
The CHAIRMAN said the meeting had been con-
vened for the purpose of confirming the resolutions
which had been previously agreed to for expediting
the completion of sections of railway between the
city of Mexico and the junction with the Puebla
branch, for the extension of the term allowed in the
contract for the completion of the works generally,
for the construction of a street railway in the city of
Mexico, and for altering and amending the articles
of association of the company.
Formal resolutions confirming the resolutions
agreed to at a former meeting of the company, and
referred to above, were unanimously passed,. and the
proceedings terminated with a vote of thanks to the
chairman.

GRAND TRUNK OF CANADA.
The traffic receipts for the week ending the 12th
of August amounted for local passengers to £6,605,
for foreign passengers to £3,416, for emigrants to
£266, for mails, &c., to £829, for local freight and
live stock to £10,643, and for foreign freight and
live stock to £2,266 ; total, £24,025, against
£20,857 for the corresponding week last year, show-
ing an increase of £3,168. The total receipts from
the Ist July to the above date amountedto £149,111,
and for the same period last year to £136,570,
showing an increase of £12,541.

FALMOUTH DOCKS.
The half-yearly meeting of this company was
held on Thursday at Falmouth, Mr. A. Fox in the
chair.

The report stated that the net revenue for the
half-year amounted to £1,409, and with that of the
previous one—£l,B22--showed a net profit of
£3,231 for the year ending the 30th of June, a sum
exceeding by 50 per cent. the amount of any former
year. Owing to the temporary absence of funds,
the dividend of profits, £3,394, voted at the last
ordinary meeting in February, was obliged to be
postponed ; nevertheless it was recommended to
divide the profit of £1,409 with the previous balance
as soon as the directors were again in funds to pay it.
On the motion of the CHAIRMAN the report was
adopted ; Mr. Fox and Mr. Tweedy, the retiring
directors, were re-elected, and the proceedings ter-
minated.

BRITISH AND SOUTH AMERICAN STEAM
- NAVIGATION.

The first ordinary meeting of this company was
held at Liverpool on Thursday Mr. C. Wegulin,
n the chair.

The CHAIRMAN stated that the directors had hoped
that the opposition to their proceedings which had oc-
casioned the meeting in March last would have been
withdrawn, and that the full explanation then given
by the directors would have sufficed to set at rest the
objections which they proved to have no foundation.
That hope had been disappointed, and a section of
the shareholders had instituted proceedings in Chan-
cery, and refused to pay their calls. The unpaid calls
now amounted to £16,000. The directors earnestly
deprecated this opposition, which, so far as they
could see, could serve no end except that of hamper-
ing for a time the operations of the company ; for
they were advised by counsel that there could be no
doubt that all their proceedings had been strictly
regular. The report they had received from Captain
Caldbeck as to the prospects of the line from the
Brazils to Chili had been most encouraging, and the
directors knew of nothing to make them think that
the prospects of the company were less favourable