The Sun.
London, England, 1865-06-01 00:00:00

BUFFALO AND LAKE HURON.

The half-yearly meeting of this company was held
on Tuesday at the London Tavern—Mr. P. Rawson
in the chair.

Mr. Short, the secretary, halving read the notice
convening the meeting, the report was taken as read.
The CHAIRMAN, in moving the adoption of the
report, said it was the first meeting they had had
since the working of the line under the agreement
with the Grand Trunk Railway Company. Up
to the present time no serious difference
of opinion had arisen. Should, however,
any serious difference arise between them it would
be settled by arbitration. The Grand Trunk Com-
pany were now .prepared to make payments on ac-
count of the operations for the past half-year, but
the settlement in regard to the working would de-
pend upon annual results. It would, therefore, be
useless to enter into details or any discussion on
the subject at that meeting. The holders of option
shares would soon have to decide as to what they
would do, as on the Ist of July next their option
would cease, and the Board would have power to
deal with those shares. They had already received
applications with regard to them from persons who
were not holders of option shares. The directors
would be prepared to pay the interest due on bonds
of the company in August next. _

Mr. C. HOLLAND seconded the motion for the
adoption of the report, and it was unanimously
adopted.

Mr. BRYDGES explained the position of matters
with regard to the Buffalo-bridge, the construction
of which was of the greatest importance to the
company. The engineers were now making the
necessary surveys, and so soon as the plans were
completed it was arranged with other companies

that the works should be commenced, each company
agreeing to pay ponta.ge and toll for passing over
it. The amount would not be so much for this
company to pay for passing over the bridge as it
now cost them for keeping up the ferry. With re-
gard to the accounts they were . only made up for
five mouths, but he, was quite satisfied when they
were made up to the end of the year there: would
be no great difference between them. lie believed
that the renewals for this year on the Grand Trunk
and other lines would not exceed £90,000; The
loss on the currency in this year would not be
above one-third of what was charged in the past
half-year.
Mr. M'EwEN explained that the reduction of ex-
penses and exchanges mentioned by Mr. Brydges
would make a difference in favour of the Buffalo
and Lake Huron Company of £lO,OOO in the cur-
rent :lialf-year, w:thout taking into account any.
increase of traffic which thej, might fairly expect.

GRAND TRUNK OF CANADA.

The traffic receipts on this company's line for the
week ending May 13 amounted, for local passengers,
to £5,130; for foreign passengers, to £2,L17; for
emigrants, to £535; for mails, &c., to £892; for
local freight and live stock, to £13,754 ; and for
foreign freight and live stock, to £3,820--total,
£26,185, against £21,504 for the same week of 1864,
showing an increase of £4,681. The total receipts
from the Ist of January to the above date amounted
to £454,373, against £427,514 for the correspond-
ing period last year, showing an increase of £26,859.