The Sun.
London, England, 1865-02-21 00:00:00

TOTTENHAM AND HAMPSTEAD JUNCTION.

The half-yearly meeting of this company was held yes-
terday at the offices, Poet's Corner, Westminster ; Captain
Arrow in the chair.

Mr. Horn, the secretary, read the minutes of the last
meeting, which were confirmed, and affixed the seal of the
company to the register of shareholders.
The report stated that the construction of the line was
proceeding steadily and satisfactorily. With reference to
the junction with the Midland Railway at St. Pancras,
authorised in the last Session of Parliament, the directors
had since under consideration whether an improved junc-
tion with the Midland Railway could not be effected, and,
acting in concert with the Midland and Great Eastern com-
panies, they had caused a new line to be surveyed, the re-
sult of which was that for the same capital as authorised
by the act of 1864—viz., £lOO,OOO, the engineer of the
company reported that a better line could be obtained, and
one which would secure both a north and south junction
with the Midland Railway, while the line of last year sup-
plied a south junction only. To obtain powers to make
this important deviation a bill was now pending in Parlia-
ment, supported by the Midland and Great Eastern Rail-
way Companies, and under which powers were conferred
on them by subscribing two-thirds of the company thereby
authorised. At the instance of those companies provisions
had been inserted for the sale or lease of the line now in
course of construction, together with the proposed devia-
tion, to both or either of those companies. The directors
had also deemed it advisable, in order to afford accom-
modation to the important district lying to the northward
of their authorised line, as well as to develop° its traffic,
to secure to the residents therein facilities of communica-
tion with the Great Eastern as well as with the Mid-
land railways, and for this purpose had introduced into
Parliament a bill for the construction of a line
which, commencing by a junction at West-green, Tot-
tenham, with the Great Eastern Metropolitan line sanc-
tioned last session, and passing in a north-westerly direc-
tion, skirting the Alexandra-park and communicating there-
with, on to Muswell-hill. Thence crossing the Great Nor-
thern-road, near the Wellington Inn, Finchley, and the high
road between Highgate and Hampstead, it would run into
the authorised line of the company near its junction with
the Hampstead Junction Railway at Kentish-town. The
directors believed that no other line could be constructed in
that district calculated to afford such ample accommoda-
tion to the residents. In connection with the Great Eastern
line it would give most direct access to the city, the docks,
and the eastern parts of London generally ; and by its
junction with the Midland Railway access would be secured
to the St. Pancras station of that company. Powers were
inserted in the bill enabling both the Great Eastern and
Midland companies to contribute a portion of the capital.
The report of Messrs. M'Clean and Stileman, the engi-
neers, stated that during the summer months the contrac-
tors (Messrs. J. Watson and Co.) made considerable pro-
gress with the work. The brickwork of the principal bridges
and other works were nearly completed, and a large quan-
tity of earthwork had also been executed. The capital
account of the 31st of Dec. last showed that £140,762 had
been expended, leaving a balance of £2,582.
The CHAIRMAN, in moving the adoption of the report and
statement of accounts, said they were so full and explicit
that he need not add anything to them. _

Mr. G. REED, deputy-chairman, seconded the motion,
and it was carried unanimously. _ _ _

The retiring director, Capt. Arrow, was re-elected, and
also Mr. H. W. Notman, the retiring auditor.
A vote of thanks to the chairman concluded the proceed-

NORTH-WESTERN.

The half-yearly meeting of this company was held yes-
terday at Leeds—Afajoi-Hare, the deputy-chairman, pre-
sided.

The report of tho directors recommended a dividend at
the rate of 5 per cont. per annum on the A consolidated pre-
ferential stock, and at the rate of £lss. per cent. per annum
on the B consolidated stock. The directors regretted that
the Midland Company had not yet succeeded in getting
more than a small amount of Scotch traffic carried over the
company's lines. The total expenditure on capital account
was £1,257,294.
The CHAIRMAN said the Midland Company were about to
have an independent station in London, and as they were
about to enter into an arrangement with the London and
North-Western for a joint lease of the Lancaster and Car-
lisle Railways, no doubt then they would have with other
companies an equal command over the English and Scotch
traffic. But, even should they fail in making that arrange-
ment, it was probable, as they had an independent station
in London, that they would never rest until they had esta-
blished an independent position with regard to the Scotch
route.
The report was unanimously adopted, and the dividends
recommended therein were agreed to.