The Sun.
London, England, 1865-08-24 00:00:00

BRISTOL AND EXETER.

The half-yearly meeting was held yesterday at
the offices, Bristol, the Earl of DeTon in the chair.

The report, an abstract of which has appeared in.
The Sun, was taken as read.

The CHAIRMAN, in moving the adoption of the
report, adverted to the loss the company had sus-
tained in the death of the late chairman (Mr.
Buller). The increase in the traffic receipts was
attributable to goods and cattle traffic. There was,
however, a considerable increase in the expenditure,
arising from causes over which the directors had no
control. The other head under which an increase
expenditure had taken place was one which, more
or less, was calculated to increase the permanent
stock of the company. There was an increase in
the dividend from the South Devon line. The re-
ceipts amounted to £174,219.f0r the past half-year,
as against £169,795 in the corresponding half of
last year. He expressed his willingness to answer
any questions, remarking that the object of the
directors was to be on the most frank, open, and
friendly footing with those who had done them the
honour to place them in that position. (Hear.)
.:2d-r. M. CASTLE, deputy-chairman, seconded the
motion for the adoption of the report, and it was
adopted unanimcusly.
A dividend at the rate of 412- per cent. per annum
was then declared for the past half-year, after which
resolutions were proposed and adopted authorising
the direetors to create new stock to the extent of
£230,000, and to subscribe £30,000 to the Tiverton
and North Devon Railway.
Mr. J. MURCH proposed an increase in the remu-
neration of the directors from £1,200 to £l,BOO a
year.
Mr. ALEXANDER seconded the motion.
Mr. J. Perry moved an amendment, which was
seconded by Mr. Smith.

On a show of hands, seven voted for the amend-
ment and 19 against it, and the original resolution
was carried.

On the motion of Mr. S. V. HARE, it was unani-
mously agreed, in respect to the memory of the late
chairman (Mr. Buller), to have either a bust or por-
trait made at the cost of the company.

A vote of thanks to the chairman and directors
terminated the proceedings.

BRISTOL AND PORTISHEAD.

The half-yearly meeting of this company was held
on Tuesday at Bristol, Mr. J. Ford in the chair.
The report stated that the works were making
steady progress, and that the road from the junction
at Bedminster to the termini at Portishead would be
ready to receive the permanent way before the next
meeting.

The CHAIRMAN, in moving the adoption of the
report, said the calls had been rapid in unison with
the progress of the works, but the result had proved
that they had not been too rapid for their funds, for
they had been paid punctually. The line when com-
pleted would be one of the cheapest in the kingdom.

The report was adopted, and the directors were
authorised to borrow such sums of money as might
be required from time to time, in accordance with
the provisions of the Act of Incorporation.

A vote of thanks to the chairman terminated the
proceedings.

CRYSTAL PALACE AND SOUTH LONDON
JUNCTION.

The half-yearly meeting of this company was held
yesterday at the Victoria station, Pimlico ; Sir C.
P. Roney in the cluir.

The report, an abstract of which has appeared in
7he Sun, was taken as read.

The CHAIR3I-",N, in moving its adoption, said that
line was opened for traffic to the high level
'‘on at the Crystal Palace on the Ist of the
month. The line was, however, opened in
incomplete state, as there were several
not yet sufficiently advanced to be avail-
;le. Those stations were, however, rapidly ad-
.ucLag towards completion, and no delay would

1:- place in opening them for public traffic. In
addition to that, there would be an easy means of
access to and from the City, which would be still
more valuable when the connecting link of the
London, Chatham, and Dover Company with the
lletropolitan,, and consequently with the Great
Western, Great Northern, and other railways on
the north side of the Thames, was completed.
Notwithstanding the few
ina" present
dtht in workingeCarytatthal Palace, stations
alace, heswaasohnaspwpyhictho
wcr'trm
condition between the
ay that the traffic
exceed-
ingly satisfactory. Duringe present time was
the first week the line
w ()D
" elp,' they
I carried between 4,000 and 5,000
::t the second week they increased
to
10,Ctoo, ;„ad in the third week nearly 20,000
,re o:;:rried. When the proper number of trains
w3r3 running over the line and the intermediate
staions were opened they would have, instead of
19 'Jrains adi , at least double that number, and a
very large amount of traffic.
br C. H. RICH', the deputy-chairman, seconded
the motion for the adoption of the report, which
was carried unanimously ; and a vote of thanks to
the chairman and directors closed the proceedings.