The Sun.
London, England, 1862-02-06 00:00:00

VICTORIA STATION AND PIMLICO.

The half-yearly meeting of this company was held
yesterday at the office, Parliament-street, West-
minster ; Mr. W. Lee, M.P., in the chair.
The report, an abstract of which has appeared,
was taken as read.
The CHAIRMAN, in moving the adoption of the
repent, said he hoped they considered it satisfactory.
He was glad to say that the technical difficulties
between the Brighton Company and the Hotel Com-
pany were now settled, and the Victoria Company
would be free to manage their own affairs, as the
two representatives of the Brighton Company would
no longer remain at their Board. The question of
raising new capital he would leave to Mr. Parks,
and with those observations he moved the adoption
of the report.
Mr. PARKS explained that the company was
authorised to raise £550,000, and of this amount
£225,000 consisted of ordinary capital, leaving
£325,000, of which from £50,000 to £lOO,OOO would
not be required. The debentures were at present
in excess of the usual amount allowed, as the origi-
nal capital of the company had been reduced by the
Brighton Company taking away their share of it,
amounting to £450,000. They proposed to get rid
of the existing debentures by creating a perpetual
41 per cent. preference stock to take their place,
which would save the expense of renewals. In the
first instance they proposed to raise £130,000 of
this stock, with the understanding that any further
amount they might require should rank,pari passu,
with the £130,000.
Mr. HOLROYD suggested that the amount of the
proposed 41- per cent. stock should be limited.
Mr. TAYLOR wished to know when they were to
expect a larger dividend.
The SECRETARY then read a report as to the pro-
bable amount of the future dividends. It showed
that 2 per cent. would be paid for the past half
year, 4 per cent. for 1862, 5 per cent. for 1863, 6
per cent. for 1864, 7 per cent. for 1865, 8 per cent.
for 1866, and 9 per cent. for 1867. This estimate
included the estimated receipts from the London
and North-Western, when they used the station ;
but, if they should not come in, it was stated that
it would ❑ot make more than a half per cent. dif-
ference in the estimated dividend.

Resolutions were passed adopting the report ;
declaring a dividend of 2 per cent. for the past half
year, payable on the 10th inst. ; and re-electing the
retiring directors and auditor.

The meeting was then made special, and the di-
rectors were authorised to create and issue a 41 per
cent preference stock to the amount of £130,000,
reserving power to issue a further amount of this
stock when requisite, but to redeem the bonds.
The amount of this stock was not to exceed in the
whole £275,000.
A vote of thanks to the chairman and directors
concluded the proceedings.

COLCHESTER, STOUR VALLEY, AND

SUDBURY.

Tho half•yearly meeting of this company was
held at Colchester yesterday ; Mr. T. L. Ewen in
the chair.

The balance-sheet, a summary of which has ap
peared in 7 Ile Sun, was submitted, showing a dis
posable balance of £3,810.
On the motion of the chairman a dividend at the
rate of £1 13s. per cent, free of income-tax, was de-
clared, leaving a balance of £42 for the next half-
year.

CHARD AND TAUNTON.
The first ordinary meeting of this company was