The Sun.
London, England, 1865-09-04 00:00:00

CAMBRIAN.

The half-yearly meeting of this company was held
on Tuesday at Borth, Earl Vane in the chair.
The report stated that the responsibilities of the
company had been increased by the vesting of the
Aberystwith and Welsh Coast Railway in the com-
pany by amalgamation. The company's system
now comprised the line from Whitchurch, by Elles-
mere, Oswestry, Welshpool, Montgomery, New-
town, Llandidloes, and Machynlleth to Aberyst-
with, consisting of 160 miles, all open ; and from
Morben, near Machynlleth, through the towns of
Aberdovy, Towyn, Barmouth, Harlech, Portmadoc,
Criccieth, and Pwllheli, to Porthdinlleyn, a dis-
tance of 62 miles, of which there were 20 miles

open ; and also the branches to Porthywaen, to the
Llanymynech Rocks, to Lianfyllin, to Kerry, and
to Dolgelly, in all 23 miles, making a total length
of 191 miles. That portion which was situated be-
tween Llwyngwril and Barmouth Ferry Station,
together with the branch from there to Penmaen
Pool, near Dolgelly, was opened in the month of
June last, and the works between the Barmouth
Ferry station and Porthdinlleyn, including the via-
ducts over the Barmouth estuary and across the
estuaries of Traethmawr and Traethback, were so
far advanced as to justify the expectation that a
large extent would be opened in the spring of next
year. During the last session of Parliament an act
was passed authorising a railway six miles in length
from Morben Junction, near Machynlleth, to Aber-
dovey, in substitution for the previously authorised
viaduct over the estuary of the Dovey. The
deviation was intended to form a continuity
of the railway at that point, and as its im-
mediate construction was of the greatest impor-
tance to the whole of the company's system, there
could be little doubt of its being finished in time
to secure the traffic of next summer. When com-
pleted it would perfect the railway communication
already constructed, and now in course of construe-

tion, along the west coast of North Wales. By
pursuing a firm and decided course of policy they
had been enabled to accomplish the design, long
contemplated, of consolidating five separate under-
takings into one, and thereby forming a united
system of railways connecting Wales and the entire
western coast with the general railway system of
the kingdom. The steady growth of traffic which
had taken place on the railway, especially between
the populous towns of the midland counties and the
sea coast, was such as to encourage the belief that
_ _

it would rapidly increase as soon as the improve-
ments now going on to provide accommodation for
visitors and tourists at the several towns on the sea
coast were completed. The dividends on the Cam-
brian Company's stock for the half-year would be
at the rate of 5 per cent. per annum, the rate pay-
able by Mr. Savin under the lease to him recently
approved by the proprietors, and since sanctioned
by Parliament. The capital account showed that
£2,021,195 had been received to the 30th of June,
and £1,998,730 expended, leaving a balance of
£22,464.

The report was adopted ; a dividend at the rate
of £2 10s. per cent. for the half-year ended the
30th of June last was declared .on the ordinary and
preference shares and stocks, payable on the 15th
of September, and a dividend at the rate of £2 ss.
per cent. for the half-year was declared on the New-
town and Machynlleth No. 2 preference stock.
The meeting was then made special, and it was
agreed to sanction the conversion of the ordinary
shares of the Coast Company into ordinary shares
or stock of the company.
The meeting terminated with a vote of thanks to
the chairman and directors.

CENTRAL WALES.
The half-yearly meeting of this company was
held at Shrewsbury, on Thursday ; Mr. R. Price,
M.P., in the chair.

The secretary, Mr. J. Dean, read the report,
which stated that the railway, with the exception of
the stations, was now completed and ready for
opening to Llandrindrood. The stations were being
finished, and notice had been given to the Govern-
ment Inspector, and before the end of September
the railway would be opened for public traffic.
The CHAIRMAN moved the adoption of the report,
which was agreed to.