The Sun.
London, England, 1865-02-23 00:00:00

SOUTH YORKSHIRE.

The half-yearly meeting of this company was held yes-
terday at Doncaster ; the Hon. Ws 6. Eden presided. The
report was taken as read and adopted.
The CHAIRMAN moved the Payment of dividends upon
the guaranteed stock, and of 5 Per cent. per annum upon
the ordinary capital of the compa,,7 ; which was seconded
and agreed to. ,
_ _ _

The Right Hon. J. Parker, Col. Packe, M.P., and Dr.
Scholfield, were re-elected directors and also Mr. J. Rhodes,
the retiring auditor.

The meeting was then made spool, and the directors
were authorized to contribute a fur{her sum of .£30,000 to
the Trent, Ancholme, and Grimsby kailway ; and a vote of
thanks to the Chairman concluded ge proceedings.

TRENT, ANCHOLME, :VD GRIMSBY.
The half-yearly meeting of this company was held at
Doncaster yesterday ; the Hon. William Eden in the
chair.

The balance-sheet showed that £191,054 had been ex-
pended on capital account. The eigineer reported that
the construction of the line was progressing in a satisfac-
tory manner.

The CHAIRMAN moved and- Mr. tfurrox seconded the
adoption of the report, which was agreed to.
Mr. Dawes and Mr. Hutton were re-elected directors,
and Mr. Rhodes auditor.

Capital to the amount of £60,000, in 6,000 shares of XlO
each, was created, and the directors were authorized to
borrow .C 20,000 in respect thereof at the proper time.

NORTH DEVON.

The half-yearly meeting of this company was held yes-
terday at the office, East India-avenue, Leadenhall-street
Mr. W. Tite, M.P., in the chair.

Mr. Harris, the secretary, having read the notice con-
vening the meeting, the report was taken as read.
The CnAIRMAN, in moving its adoption, said he believed
it would be the last meeting of the company. They com-
menced operations 20 years ago, and were assisted by the
South Western Company. When the line was opened
for traffic Mr. Brassey leased it for seven years, after the
expration of which an arrangement was come to with the
South Western Company for leasing the line, with a view
to ultimate amalgamation. On Jan. 1 all the stock on the
North Devon was convertible into South Western ordi-
nary stock on the terms agreed upon. He thought the
South Western would have no reason to regret their bar-
gain ; the line was about 40 miles in length, and was an
advantage to the country through which it passed. They
were contented to be absorbed by the large company, as the
expenses of a short line bore no proportion to those of a
long line. They were winding up, and about to return the
shareholders 13s. per cent. on the original stock, leaving a
small balance to carry on the affairs of the company for a
few weeks, and he believed that within a month from that
time everything would be wound up and the company
would cease to exist.

The report was then adopted.
Mr. W. HARTRIDGE said he thought it right to propose
that some acknowledgment be presented to the secretary,
Mr. Harris, who had served the company faithfully and
well for upwards of 20 years, and concluded by moving that
£3OO be voted to the secretary for past services.
A SHAREHOLDER objected to the motion, as £7OO had
already been voted to him.
The CHAIRMAN said there could be no difficulty in pay-
ing the proposed dividend and voting that sum out of the
balance. He thought it would be an act of justice to re-
coup the secretary for the portion of his salary that he had
relinquished when the company was hard pressed and re-
ducing its expenses in every way.
Capt. WARREN, a director, explained that ten years ago
the secretary gave up £lOO a year out of his salary, and the
directors thought it right on winding up the company to
compensate him for that sacrifice during the ten years by
giving him £7OO, and if the shareholders voted the £3OO
that object would be accomplished.
The resolution was then carried.
Dividends were declared at the rate of 265. per share per
annum on the ordinary stock, at the rate of 13s. per cent.
per annum on the A stock, and at the rate of £2 12s. per
cent. per annum on the B stock, leaving a small balance to
wind up the affairs of the company. The retiring directors,
Mr. G. Braginton, Capt. J. G. Johnston, and Capt. Warren,
were re-elected, and also Mr. W. Bartridge, the retiring
auditor.

Mr. HARTRIDGE said he thought tae Bristol and Exeter
Company had made a groat mistake in not securing the line