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

WEST RIDING AND GRIMSBY.

The seventh half-yearly meeting of this company
was held at Wakefield on Wednesday, Mr. R. Winn
in the chair.

The directors in their report express disappoint-
ment that the expectations which they had enter-
tained that the line would have been before this
opened for traffic had not been realised, in conse-
quence of the non-completion of the iron bridges
over the Calder at Wakefield, the Don at Donsaster,
and the Don Navigation at Barnsley. It would yet
be several weeks before the line could be opened for
traffic. The West Yorkshire Company having ob-
tained powers to contribute £22,000 towards the
Westgate station, Wakefield, the share capital of the
company in that station now amounted to £57,500.
The works for the station were progressing, and
the plans for the goods station were under conside-
ration. The terms upon which the Great Northern
and the Manchester, Sheffield, and Lincolnshire Com-
p‘nies had acquired the West Riding were regarded
as fair and equitable for all concerned. Some
local shareholders complained of the low terms on
which they had allowed the line to merge into the
Sheffield and Great Northern Companies. A reso-
lution was passed on the motion of Mr. B. Good-
win, Leeds, seconded by Dr. Wilson, Leeds, that
steps should be taken to enforce the penalties against
the contractors for the non-completion of the line
within the time specified.
A vote of thanks having been given to the chair-
ma n , the proceedings terminated.

KETTERING, TuRAPSTON, AND n:LINTINGDON.
The half-yearly meeting of iusetm company was held
on Thursday at the -.-iitee
Corner, West-
minster—r. Greenfield in .n the eh
M Grechair
a-
Th,, CHAIRMAN said that, as the'rn
com-
pleted and would be inspected by theiGe was overntnent
officer in a few ' days, the directors had deemed
.t
better to postpone the presentation of the report
and accounts until after the opening, which would
take place in about three weeks. The Midland Com_
pany had agreed to work the line at 40 per cent. of
the gross receipts for seven years, and at 50 per
cent. in perpetuity. There was no doubt of a large
traffic and of the line proving highly remunerative
to the shareholders.
The meeting then adjourned.

TAVISTOCK AND SOUTH DEVON.
The report states that the net amount receivable
from the South Devon Company to the 30th June
last was £3,809 ; for management, 125 ; balance
from last half-year, £lO4 ; making a total of
1,08, which allowed a dividend at the rate of ss.
per share on the ordinary capital. Under the pro-
visions of an act obtained last session the share-
holders in this undertaking would in future receive,
in the form of perpetual annuities, a dividend of £3
A.os. per cent. per annum. The directors acknow-
*edged the liberal support always given to them by
the proprietors.

TEIGN \TALLEY.
The half-yearly meeting of this company was

held at Chudleigh on Thursday—Capt. Rogers in
the chair.

The CHAIRMAN said it was expected that a por-
tion of the line would be completed by the time the
Moreton Hampstead Railway was opened. Nothing
had yet been done with regard to working arrange-
ments, but they had the sanction of Parliament to
negotiate with the South Devon Company for work-
ing the traffic.

It was suggested that the line should be extended
to Exeter. The directors were authorised to raise
additional capital, and the proceedings terminated.

WEST CORNWALL.
The half-yearly meeting was held at Penzance on
Thursday—Mr. L. Vigurs in the chair.
The CHAIRMAN regretted that the amount of re-
ceipts was not quite equal to that of the correspond-
ing period of 1864. The coaching traffic showed a
decrease of £747, while the mineral traffic had
increased £323. After payment of all fixed charges
there remained a balance of £2,009, which, after
paying a dividend on the preference shares amount-
ing to £774, left £1,234. The directors did not
advise any dividend on the ordinary shares until the
end of the current half-year. The Associated Com-
panies, under an agreement, commenced to work the
line on the Ist of July, and would continue to do so
till the 31st of December, paying the West Corn-
wall Company 35 per cent. of the receipts. After
that time the fixed rent would commence. The
Associated Companies were to take over the rolling
stock, plant, and materials, and the amount to be
paid would be settled by arbitration.
The report was unanimously adopted, and a vote of
thanks to the chairman terminated the proceedings.