The Sun.
London, England, 1865-02-08 00:00:00

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a board of directors consisting of an equal "number
from each company. 2. The Lancashire and York-•
shire Company are to have mining pow'ersoveillie
whole of the Great Eastern system at mileageqatk.zi-
toor
wt they maythe call upon the Great Eastern Company
Lancashire and Yorkshire Company's
traffic over the Great Eastern system at mileage
rates. The Lancashire and Yorkshire Company to
fix the rates. 3. The two companies to be at
liberty to work over the new line at mileage rates.
4. The Great Eastern Company are to be at liberty to
consign traffic from their stations to Lancachire and
Yorkshire stations, at rates fixed by the Lancashire
and Yorkshire Company on traffic consigned by the
latter between the same stations. The directors
were unanimous in recommending this arrangement
to the cordial and united support of the proprietors.
When it was borne in mind that the new line con-
nected the trading and agricultural communities
upon the Lancashire and Yorkshire and Great

Eastern Railways, representing a population of at
least 5,000,000 souls, exclusive of London, with im-
portant sources of supply, markets of consumption,
and ports of export, and would also furnish the best
trunk line for the conveyance of coals from the
Yorkshire coalfields to London, the value of the
proposed undertaking to the public, and as an open-
mg for the traffic of the Lancashire and Yorkshire
Railway, could not be questioned; and looking at
the moderate cost of the line (about £12,000 a mile),
its remunerative character was beyond all doubt.

MID-KENT (CRAYS).
The half-yearly meeting of this company was
held yesterday, at the office, King's Anna-yard, Mr.
W. Dent in the chair.
The Secretary read the report, which stated that
the future business of the directors would be to re-
ceive from the London, Chatham, and Dover Com-
pany the half-yearly rent, distribute the same to the
debenture and share holders, and to manage the
share and bond registers. The revenue account for
the half-year ending the 31st of December showed
that £1,934 had been received, and £576 paid for
interest on debentures, and £Bl for expenses,
leaving a balance of £1,277:
The CHAIRMAN, in moving the adoption of the
report, said that the auditors had taken no notice of
the capital account, but he would supply that de-
ficiency. The share capital amounted to £61,550,
and the debenture capital to £23,000, together
£84,550. The London, Chatham, and Dover Com-
pany paid them 4 per cent. per annum on the share
capital, and also paid the interest on the debentures.
They had a small reserve fund of £3OO to assist the
4 per cent. paid on the shares.
Mr. Woo Lam; one of the auditors, contended
that the accounts as now presented were in the
proper form and correctly stated.

Resolutions were passed adopting the report, de-
claring a dividend at the rate of 4 per cent. per
annum on the share capital, less income tax, pay-
able on the 14th instant, re-electing Mr. J. T.
Emmerson and Mr. Strode, the retiring directors,
and also Mr. W. D. Starting, the retiring auditor.