The Sun.
London, England, 1865-09-06 00:00:00

LONDON GENERAL OMNIBUS (LIMITED.)

The half-yearly general meeting of this company
was held yesterday at the offices, Finsbury-square ;
Mr. F. J. Law in the chair.
Mr. Church, the secretary, having read the notice
convening the meeting, the report, an abstract of
which has appeared in The Sun, was taken as read.
The CHAIRMAN, in moving the adoption of the
report, congratulated the proprietors on meeting for
the first time in their own premises. The directors
had secured those premises, which were found much
more convenient for their staff and business opera-
tions than their former offices. Every shareholder,
he presumed, had read the report, and had thus
become acquainted with the very prosperous posi-
tion of the company, which he was glad to say had
been so far successful. But while they had been
prosperous, they had not had everything in their
favour ; they had been obliged to expend for pro-
vender £lO,OOO more than for the corresponding
half of last year. This was a matter which the di-
rectors could not control ; but they had reduced the
expenses in matters they could control to the extent
of £3,000, leaving £7,000 as the increased expendi-
ture. He thought they would find the state of their
finances very satisfactory. They would find on the
first page of the balance-sheet debts and liabilities
to the amount of £42,200, and on the other side
stores in hand and other matters to a greater amount.
In the same account they would find investments in
Consols to:the amount of £36,100, against which
there was no charge whatever, and since the ac-
counts had been made up they had increased their
reserve in Consols to £51,000, at which amount it
now stood. (Hear, hear.) This reserve showed the
solidity of the company, and in addition to this they
had successfully contended with railway competi-
tion. The receipts had not only been maintained
but increased, by ref ranging the service. The.
question of competition with railways would no
doubt require -the same attention as other matters,
and while a temporary reduction in some instances
might take place in the receipts, he looked forward
to the natural increase of business the railway s
would create to make up on the whole any tempo-
rary deficiency that might occur. He was very
hopeful on that subject, and he thought they need
not fear competition with the railways. The only
other matter against them was the mileage charge,
which was very heavy, and he trusted that the
Chancellor of the Exchequer had already seen the
justice of their case, and hoped they would soon
have a diminution of the present charge of 9 per
cent. on their receipts, as against 3 per cent. charged
on railways. The company had during the past
half-year carried 700,000 more passengers than in
the corresponding half of last year ; and in the cur-
rent half-year they had received £3,000 more than
for the corresponding period. The directors had
been enabled to continue the 7f per cent. dividend,
which showed that their affairs were in a solid and
safe condition. (Hear, hear.)
mr. s. HERAPATII seconded the motion for the
adoption of the report. He must admit that the
affairs of the company during the past four years
had been conducted with great care and ability.
He had had misgivings as to certain matters of
detail being managed by a company, but the direc-
tors had effectually succeeded in overcoming those
difficulties, and had placed the undertaking on a
solid and sure foundation. As to the reserve fund,
he hoped it would be increased, so that at some
future time they might be fully prepared for all con-
tingencies. (Hear, hear.)
The report was then unanimously adopted, and a
dividend and bonus equivalent to 7f per cent. per
annum were declared for the past half-year, free of
income tax, payable by warrant on the 12th inst.
The proceedings concluded with a cordial vole of
thanks to the chairman and directors.

THE INDUSTRIAL EXHIBITION AT READING.—
There is every prospect that this exhibition, which
is under the patronage of the Queen, who takes much in-
terest in the movement, will be attended with a great
amount of success. Yesterday the mayor (Mr. Butler) re-
ceived a letter from Major-General Sir T. M. Biddulph,
dated from The Rosenau, stating that the Queen was gra-
ciously pleased to permit the committee of the Industrial
Exhibition to visit Windsor Castle and select articles of
interest for the loan exhibition. Accordingly the mayor,
with several members of the committee, proceeded to the
Castle yesterday afternoon, and selected various objects of
great interest, which will be immediately forwarded to
Reading. The exhibition will be opened on Wednesday
next, the 13th, by the Bishop of Oxford, who, with the
municipal authorities of Reading, Newbury, Windsor, and
other towns in the county, will assemble at the town clerk's
office and walk in procession to the hall.
SHOCKING ASSAULT UPON AN INFANT.—Yester-
day, before the Liverpool borough magistrates, a
young woman named Fitzsimmons was charged with hav-
ing assaulted a child named M'Cullagh. On Monday the
child was being carried along the street by its mother,
with whom Fitzsimmons had had a quarrel, when the lat-
ter met her, and with a hammer head struck the head of
the child a violent blow, inflicting a contused wound of the
scalp, and causing concussion of the brain. The child is
in a precarious state. The woman was remanded.
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