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

HULL AND lIMINSEA.

The half-yearly meeting of this company was held
on Thursday at Mill—Mr. J. A. Wade, the chair-
man, presided.

The C n AIRMAN moved the adoption of the report,
which, he said, disclosed a most barren state of
affairs, both as regarded the revenue and the capital
of the company. The deficiency on capital account
was £27,000, in addition to £B,OOO, which was still
owing for land over which the line passed. The
directors had cast about for a means of getting rid
of these difficulties, and the only offer made to them
was by a person in London, who offered £25,000,
which was to be in preference shares at 7 per cent.,
and he also demanded a commission of 3 per cent.
Several shareholders advised the offer of the line
to the. North-Eastern Company as the best means
of getting rid of the difficulties under which the
company laboured.

The report was adopted, and a committee was ap-
pointed to examine and report on the state of the
company's affairs ; but no money was to be spent on
capital account until after the committee had sub-
mitted its report.

The meeting then adjourned to Monday, Oct. 2,
to receive the report of the committee.

WEST RIDING AND GRIMSBY.

The seventh half-yearly meeting of this company
was held at Wakefield on Wednesday, Mr. B. 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-
tamed 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-
panies 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-
man, the proceedings terminated.

KETTERING, THRAPSTON AND HUNTINGDON.
The half-yearly ineeting of this company was held
office, on Thursday at the
Poets' Corner, West- minster—Mr. Greenfield
in the chair.
The CHAIRMAN said that, as the line
was com-
pleted and would
be inspected by the G
oavernment
officer in a few days, the directors 1101
the report
it
better to postpone the presentation
and accounts until after the opening, which report
Would i
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.