The Sun.
London, England, 1865-08-22 00:00:00

STAINES, WOKINGHAM, AND WOKING.

The report of the directors states that the sum of
£l,OOO had been received on the capital account
from the sale of surplus lands, and the receipts from
this source would be augmented as further portions
of the remainder were disposed of. On the other
hand, £4OO had been paid during the half-year on
this account for land valuations. There was a
falling off in the passenger traffic in the half-year
ending June last of about £32 as compared with
the corresponding half of last year. In the Ascot
race tiaffioithere was a falling off of about £230
as compared with 1864. During the week prior to
Ascot races two serious railway accidents hap-
pened, which, no doubt, induced many persons
to go by the old turnpike road. There was an
increase in the goods traffic of £76, showing that
I the increase of traffic on the line during the half-
year was £44. The receipts for goods traffic
amounted to £2,917, and for passengers to £8,693—
total, £11,610. Credit was taken for £250 in re-
spect of the Reading Junction toll, &c., not yet ren-
dered, but that was much less than the amount
actually to be received. The line from Chertsey to
Virginia Water station would be open for traffic in
the latter part of the year. The line from Sunning-
dale to Blackwater station was likewise being made,
and would, it was hoped, be opened during next
spring. Out of the available sum of £3,738 the di-
rectors recommended the following dividends for the
half-year ending the 30th of June last, viz., £5 per
cent. per annum on the preference shares, less in-
come tax, on the ordinary shares of the company,
leaving a balance of £l7 for next half-year. The
capital account showed that £393,518 had been ex-
pended, leaving a balance of £917. The traffic re-
ceipts for the half-year amounted to £12,058, and
the expenditure to £6,325, leaving a balance of
£5,735.

SEVENOAKS, MAIDSTONE, AND TUNBRIDGE.
The report of the directors stated that the traffic
of the line continued to improve, and that the re-
ceipts for the past half-year were 18 per cent. in
excess of those of the corresponding period of 1864,
and 50 per cent. in excess of the earnings of the
June half of 1863. Possession had been obtained
of about a mile of the land required for the line
between Otford and Maidstone, and the contractors
were actively engaged throughout its length. The
capital account showed that £332,417 had been ex-
pended. The traffic receipts for the half-year end-
ing the 30th of June amounted to £4,817, less
£2,409 expenses of working, leaving £2,408 ; to
this was added £25 for rent and £249 balance of
preceding account, making £2,683 ; from this was
deducted interest on loans and other charges, leav-
ing a balance of £337.

CRYSTAL PALACE AND SOUTH LONDON
JUNCTION.

The directors state in their report that the line was
opened for traffic to the high level station at the
Crystal Palace on the Ist inst. During the short
time that had elapsed since the opening the number
of passengers using the railway had been daily on
the increase, and the directors had every reason to
believe that when the intermediate stations were
open, and the connection of the link line of the
London, Dover, and Chatham Railway Company
with the Metropolitan and other railways on the
north side of the Thames was effected, the traffic
would exhibit the results they had always antici-
pated. The report of Mr. F. T. Turner, the engi-
neer, stated that the intermediate station at Lord-
ship-lane was all but finished, and arrangements
had been made for opening it on Sept. 1. The joint
stations on the Brighton Company's line, from which
a considerable accession of traffic might be expected,
were not yet completed. The capital account
showed that £768,677 had been expended.

KENT COAST.
The report of the directors states that the revenue
of the company continued to improve in a most
manner.
deben-
ture interest and general chargesfterpayment of the
j the net balance of
the revenue account to3o last, including
12,568 brought from the previTae ialf -year, amounted
to £11,278, which enabled the directors
to pay a
dividend at the rate of 6 per cent
carry
per
faonrnwun, iod on
the preference B stock, and to
balance of £2,203 to the current half-year: r The
a
traffic returns for the first seven weeks of the current
half-year exhibited an increase of 10 per cent. over
those of the corresponding period of 1864. The ex-
penditure on capital account amounted to £951,920.
The revenue account for the half-year ending June
30 showed that £26,175 had been received, and
£13,087 expended in working, leaving £13,087.
To this was added £3,613, the contractors' gua-
rantee to the Ist March last, and £2,568 the ba-
lance from the previous half-year, making £19,268.
The general charges amounted to £875, and the de-
ture interest to £7,116.

• LYNN •AND HUNSTANTO.
The half-yearly meeting of this company was held

en Saturday at Lynn—Mr. L. Simpson in the chair.
The report stated that the receipts on revenue ac-
count for the half-year ending the 30th June had
been £4,254, as compared with £3,500 in the corre-
sponding period of 1864. The balance for dividend
was £1,660, out of which the directors recom-
mended a distribution at the rate of 5 per cent. per
annum, carrying forward £l6O. Building opera-
tions at Hunstanton and the approaching comple-
tion of the West Norfolk Junction Railway were
expected to give a further stimulus to the traffic.

The Cilium/IN, in moving the adoption of the
report, congratulated the shareholders upon the sa-
tisfactory prospects of the undertaking.
Mr. CHADWICK moved that the dividend be at
the rate of 5} per cent. per annum, instead of 5 per
cent. per annum as proposed.
____

The CHAIRMAN adopted the suggestion, and the
report as amended was agreed to.

The directors were authorised to take steps for the
erection of a new hotel at Hunstanton ; and a vote
of thanks to the chairman and directors t erminated
the proceedings.

HULL AND HORNSEA.
The report of the directors states that the result
of the first winter's traffic has not been equal to
their anticipations. The number of passengers car-
ried during the half-year was 43,493, exclusive of
season-ticket holders. The directors regret that
they had not been able to make any progress with
the issue of preference capital, authorised at a spe-
cial meeting. The dividend of 2 per cent. declared
at the last half-yearly meeting must remain unpaid
until the financial difficulties of the company had
been overcome.

WEST NORFOLK JUNCTION.
The half-yearly meeting of this company was held
on Saturday at Lynn ; Mr. L. Simpson in the chair.
The report stated that during the past half-year
the works had been carried on with great expedition.
The line would be ready for traffic from Heacham
to Holkham in the course of the present year, and
the remaining portion to Wells early in the spring.
The CHAIRMAN, in moving the adoption of the,
report, stated that the line would be opened to Holk-
ham in November.

Colonel PALMER seconded the adoption of the
report, which was agreed to.

A vote of thanks to the chairman, directors, and
engineer closed the proceedings.

WENSUM VALLEY.

The half-yearly meeting of this company was ap-
pointed to be held yesterday at the offices, Poet's-
corner, Westminster ; Mr. W. B. Greenfield in the
chair.

Mr. Lancaster, the secretary, having read the
notice convening the meeting,
The CHAIRMAN said that in consequence of the
public statement recently made by Captain Jervis,
M.P., with regard to their company, and the reply
of the directors of the Great Eastern Railway Com-
pany to that statement so far as it affected the
Wensum Valley Company, it was thought advisable
as some:of the directors were out of town, to adjourn
the meeting to Wednesday, the 6th of September
next, in order to reply to those charges.
The motion was seconded and the meeting ad-
journed.