The Sun.
London, England, 1865-03-02 00:00:00

WEST CORK.

The half-yearly meeting of this company was held on
Tuesday at the offices, Gracechurch-street; Sir C. Roney

in the chair.

Mr. H. W. WOOD, the secretary, read the report, which
stated that with the exception of one length of nearly half
a mile in the town of Bandon the railway thence to Dun-
manway was now completed to the station there. The

directors would therefore soon be enabled to make a trial
trip in a train over the line from Bandon to Dunmanway, a
length of 17 miles. The station buildings along the line
were approaching completion, and the rolling stock was
being delivered. Of the remainder of the line from Dun-
manway to Skibbereen, 151 miles in length, four miles had
been constructed, and an application to Parliament was
being proceeded with for power to raise further capital to
complete the line to Skibbereen. When the line from Ban-
don to Dunmanway was ready for traffic the Cork and
Bandon Railway Company would have to pay over to the
company their subscription of £20,000 towards the under-
taking. Since the last meeting the Board had obtained much
satisfactory information as to the desirability of establishing
Crookhaven as a port of call for Trans-Atlantic steamers
and of extending the West Cork Railway to that port.
This route, when completed, would have the effect of
shortening the sea voyage many hours. The directors
would give their earnest support to the independent com-
pany which had been provisionally formed for carrying
out that object. The capital account showed that £285,857
had been expended to the 31st of December last, leaving a
balance of £967.

The CHAIRMAN, in moving the adoption of the report,
said that the rails and fencing for the remainder of the line
were now delivered, and the works had been well and solidly
constructed by the contractors, Messrs. W. Kirk and Co.
The line was now so far completed that a locomotive engine
might be run over the whole distance from Bandon to Dun-
manway. If the additional capital were available, the whole of
the works to Skibbereen could be completed in six or seven
months, which would be a most desirable matter. The line
to Dunmanway would probably be opened in May, ready for
the tourist traffic to Bantry, Glengariff, and Killarney.
The report was adopted, the retiring directors (Mr. Corry
and Mr. Sedgwick) were re-elected, and also Mr. Banks,
the retiring auditor.
NEWRY AND WARRENPOINT.

The shareholders hold their annual meeting at Liverpool
on Tuesday. The report stated that there was a satisfactory

increase in the traffic receipts, but the opening of the direct
line to Armagh had hot led to the expected results. No
dividend was declared.

RAILWAY PASSENGERS' ASSURACE.

The half-yearly meeting of this company was held yester•

clay at the offices, Cornhili ; Mr. J. Clay, M.P., in the chair.
Mr. Vian, the secretary, read the report, which stated
that the premiums of assurance against railway and general
accidents for the half-year ending December 31 last,
amounted to £36,449, against £30,193 in the corresponding
half of 1863. The total income of the company for pre-
miums in the year 1864 was £74,428, against £61,850 in
1863, being an increase of £12,578, or 20.33 per cent. A
further amount of £1,314 was received for interest on in-
vestments, &c., making the total income from all sources
£75,741. The working expenses, including the cost of the
company's Act last Session, were at the rate of 29.76 per
cent. on the premiums, against 3141 per cent. in the pre-
vious year. The balance to the credit of revenue was £27,930
From this sum the directors proposed declaring a bonus at.
the rate of 2s. per share, of which one-half would be paid in
cash, and the other half added to the shares. Interest at the
rate of 4 per cont. per annum on the paid-up capital would
be paid as usual. The amount of compensation paid in the
year 1864 was, for 26 fatal cases, £13,669 ; and for 2,285
non-fatal claims, £30,389; total, £44,058, or 59.19 per cent.
of the premiums received, all of which were satisfactorily
settled, without dispute or recourse to law.
On the motion of the CHAIRMAN the report was adopted,
the bonus declared, and the retiring directors and auditors
were re-elected.