The Sun.
London, England, 1862-01-30 00:00:00

LONDON, BRIGDTON, AND SOUIII
CO d Sl' R. 2111;
lIALF-YEAIiLY MEETING (THIS DAY).
The ordinary halt-yearly meeting of the directors and
shareholders %VI1:3 held this day, for the purpose of receiving;
the report of the board of directors and transacting thq
ordinary business of the company.
The directors report, which appeared in The Sun of thet
23d inst., having been taken as read,
The CHAIRMAN, in moving its adoption, proceeded to
notice its most prominent points. The amount of capital
raised to the 31st December amounted to £10,147,786-,
consisting of ordinary stock, £4,620,000; preference stocl
and shares, £3,235,765; mortgaged debt, £1,537,315
and debenture stock, £754,706. The amount 0E
capital expended during the half - year amounted
to £233,492. It was a matter of satisfaction that none of
tue renewals or replacements of mortgage bonds had been,
effected at a rate higher than 4 per cent., while the average
rate on tho debt had been reduced to £4 2s. per cent. Thei
gross revenue for the half-year had been £526,741, show-
irig an increase of £21,472 over the corresponding half year
of 1860 ; £10,193 of which arose from an increase in the,
carrying of goods, and the remainder from coaching and
other departments. Comparing the revenue for the year,
with that of 1860, there was an excess of £52,240. Having
congratulated the shareholders on the financial position
of the company, the chairman remarked that circumstances
had occurred in the early part of the half year which in-
terfered with the pleasure traffic on their line, and which,
taken into consideration will the general depression oK
trade, had affected them like other lines; but it was a
matter of great satisfaction that the directors could still
present the shareholders a report which he felt would
be considered by all highly satisfactory. The year 1862
had commenced favourably, and the continuance of peace,
together with the approaching grand International
Exhibition, justified all in the expectation that there
would be a great increase to report- to the share-,
holders at their next meeting. The southern portion of flat)
line from Shoreham to Horsham was opened on the Ist of
July, and the remainder early in September, while the
Croydon and Balham line, and the enlargement of the
Brighton terminus, would shortly be completed, as well as
the goods station on the West-End line and Battersea-
wharf, at which latter point the corapany had a large extent
of ground, and a considerable traffic in connection with the
river was fully expected. The directors looked forward
with great expectation to the completion of the line &mil
Pulborongh to Ford and Littlehampton, more particularly
as at Littiehampton there was en excellent harbour, which
would afford an improved route for the traffic of the Channel
Islands and the adjacent coast of France. The compariy
had two bills in Parliament, one for a line from near the
Bricklayers' Arms, passing through Peckham and Dulwich,
and joining the west end line near Lower Nerwood, and the
other for enlarging the London .bridge Station. The whole
of the works were in the best condition and completeness,
and the directors recommend that a dividend at the rate of
7 per cent , amounting to £161,700 be paid, leaving a ba-
lance of £2,425 to the credit of the current half-year, and
making the dividend for the year 1861 amount to 6 per
cent.

solutions adopting the report and resolutions of thu
directors were agreed to, and the proceedings terminatedt

RAILWAY INTELLIGENCE.