The Sun.
London, England, 1865-08-17 00:00:00

CHA.RING-CROSS HOTEL.

The third ordinary general meeting of this com-
pany was held on Monday at the hotel, Charing-
cross—the Hon. James Byng in the chair.
The report of the directors was read by Mr. G. S.
Haines, the secretary, which stated that the restatt-
rant had been opened on Ist March last, the hotel
on 15th May, and the Shades, in Villiers-street, on
the 25th of the same month. The business done had
fully realised the expec.tations of the directors, and
it had been conducted from the commencement by
Mr. T. Riggs, late manager at the Great Western
Royal Hotel, at Paddington. From the capital ac-
count it appeared that there was a total expendituro
up to 30th June last of £208,614, while there was
a balance unexpended of £6,635.

The CHAIRMAN, in moving the adoption of the
report, congratulated the shareholders on their
being now able to meet under thei: own roof. He
was also happy in being able to announce that
the working of the hotel during the six weeks it
had been open had been most satisfactory. The
trade receipts had exceeded the anticipations of the
directors ; but they did not wish to be too sanguine
as the business might not be kept up in the dull
season which was now approaching ; still, from the
situation of the hotel and the nature of the business
they did not expect a very large diminution. They
occupied a central position in the metropolis, and
connected as the hotel was with one of the most
important railways in the kingdom, there was no
doubt that a large amount of public patronage
would always be awarded to it. In a short time it
would also be connected with the London and
North-Western Railway by its branch to Charing-
cross, now sanctioned by Parliament, and which
must bring a great increase of business to the hotel.
They also expected to derive a considerable amount
of revenue from the vaults underneath the hotel,
which extended for 200 feet along the Strand. He
might state that up to last night the hotel had been
full, and from the business which was being done
the directors had every reason to believe that they
would be in a position in December next to declare
a satisfactory dividend.
Mr. THO3ISON seconded the motion for the adop-
tion of the report, and it was agreed to unanimously.
The CHAIRMAN stated, in reply to a shareholder,
that the hotel was now furnished from top to bottom.
The retiring directors, Mr. Anderson, Mr. Eborall,
and Captain Warren, were then re-elected, and the
meeting was made special for the purpose of passing
a resolution enabling the company to borrow a sum
of £20,000.
The CHAIRMAN moved a resolution to that effect,
which having been seconded, was adopted after
some conversation, in the course of which he stated
that they had now£l6o,ooo of share capital, £35,250
issued on debentures, and £20,000 as temporary
loan from the bankers. The £20,000 to be borrowed
under this resolution would most probably be ap-
plied to clearing off the loan, the great object of the
directors being to keep down the capital and in-
crease the dividends.

A vote of thanks to the chairman and the direc-
tors terminated the proceedings.

The t GailoySeyi
yN OmR e
ellt
eTgE Le f CthO
this
AeeNmYp. a n y
was
held yesterday at the hotel, Pimlico, Major Murray
in
'rhot he eliair
report stated there had been an increase in
as
the business of the hotel
compared with the cor-
responding half of last year Since the
to the last meeting
rt
a refreshment room had been
he public,
and the directors believed that the profits
of
company would be increased. The entrancestothee
Victoria station and the bridge across the Thames
at Battersea were being enlarged ; these works would
be completed early next year, the station would
then become available for the passenger trajffic of all
the large railways entering London. The metropo-
litan district line would, when completed, connect
the hotel with the city. Those undertakings also
would add very greatly to the revenue of the hotel,
The net half-yearly profit of £3,406 would be avail-
able after paying interest Chl the debentures and
loan for a dividend at .the rate of 5 per cent. per
annum, leaving a balance.

_
The CHAIMIAN, in moving the adoption of the
report, said the number of visitors had increased by
700. The refreshment room, which was opened on
June 27, was estimated to produce £4ooperannum.