The Sun.
London, England, 1865-02-16 00:00:00

SAN PAULO (BRAZILIAN), LIMITED.

The half-yearly meeting of this company was held yester-
day at the London Tavern, Mr. H. A. Heath in the chair.
The report, an abstract of which has appeared in The
Sun, was taken as read.

The CHAIRMAN, in moving the adoption of the report,
said that at the last meeting it was mentioned that arrange-
ments had been made with the contractor for the payment
of extra sums if the works were pushed on, so that it could
be opened before the time specified in the contract, and he
was happy to say that these arrangements had been so far
carried out that there was every probability of the
early completion of the undertaking. The railway, he
stated, started from the port of Santos, a post with which
formerly only vessels drawing very little water could com-
municate, and here the company had made a large project-
ing pier, with landing places fitted with cranes and all other
appurtenances, alongside of which vessels drawing 18ft. of
water could load and unload. The rails came down to the
water side, and a ship could be loaded or unloaded direct
from the trains. The line to the first station from Santos—
namely Cubatoa, had been completed, and on the work
beyond this, through the Sierra, including the formation
of a viaduct, which was the most difficult work on the line,
great progress had been made, so that the opening of the
lino from Santos to San Paulo might be expected in Jan.,
1866, or even earlier. Tho completion of the 'undertaking
to Jundiahy would bring the produce of the plantations of
the Campines district over the whole of the company's line,
in addition to the produce from the districts on either side
of the railway. He stated that in addition to the capital
0f.£2,000,000, which was required for the completion of
the line, a further sum of about £500,000 would be required
for the payment of interest, and on the whole of which
there was a guarantee of 7 per cent. per annum.
Mr. BIRD seconded the motion for the adoption of the
report, and stated that the directors might keep the line
unopened untillB7o, but that they were so desirous of ad-
vancing the interests of the shareholders that they were
making strenuous endeavours to complete the undertaking
within five years of the time specified in the concession.

After some observations by Mr. NtcHoLsoN and other
shareholders, the report was adopted unanimously, and a
vote of thanks to the chairman concluded the proceedings.

RAILWAY BILLS.

Yesterday the following bills were heard before the Ex-
aminers, and were declared to have complied with the
standing orders of Parliament :
SURREY AND SUSSEX JUNCTION.—For connecting rail-
ways between the London, Brighton, and South Coast and
the East Grinstead, Groombridge, and Tonbiidge Wells.
Capital, £710,000 ; loan, £236,000.
FAREIIAM AND NETLEY.—For a railway from the South-
ampton and Netley Railway to Fareham, with branches.
Capital, £105,000 ; loan, £35,000.

BEDFORD, NORTHAMPTON, AND WEEDON.—For railways
between these points. Capital, £500,000 ; loan, £166,000.
DOWNHAM, STOKE FERRY, AND BRANDON.—For rail-
ways from the Great Eastern at Downham to these places.
Capital, £180,000; loan, £60,000.
EVESHAM AND REDDITCH.—For an extension to the East
and West Junction, and to the Great Western at Stratford-
on-Avon. Additional capital, £80,000; loan, £26,000.

NORTH-EASTERN AND CLEVELAND.—For an amalgama-
tion Of the two undertakings and the construction of
branches. The capital of the North-Eastern to be increased
by £129,000, and .£43,000 loan. A second bill is to enable
the company to construct the Pelaw and other branches
and works; £320,000 additional capital, and £lOO,OOO loan.
WEST HARTLEPOOL HARBOUR AND CLEVELAND AND
NORTH-EASTERN.—For amalgamation with the latter com-
pany.

- PRESTON AND WYRE.—For the widening of the Black-
pool branch.

TEIGN VALLEY.—For a deviation on authorised line,
and power to raise additional capital of £30,000 and loan of
£lO,OOO.

BUDS CANAL AND LAUNCESTON JUNCTION.—For a rail-
way from the Bude Canal at Werrington to Lawhitton, on
the Launceston and South Devon. Capital, £20,000 ; loan,
£6,600.

BRECON AND MERTHYR TYDFIL JUNCTION, AND HERE-
FORD, HAY, AND BRECON.—For amalgamation, with power
to raise further capital of £350,000 by creation of new
shares.

DUBLIN, WICKLOW, AND WEXFORD.—For connecting
railways and a tramway to Sandymount, Dublin. Capital,
£60,000 for new works, and £90,000 for completion of rail-
ways and works already authorised ; loan, £50,000.
ATHENRY AND ENNIS.—For power to raise further capi-
tal of £30,000; loan, £lO,OOO.

. „
NAVAN AND KINGSCOURT.—For a railway between these
points, and working arrangements. Capital, £120,000 ;
loan, £40,000.

DRAYTON JUNCTION.—For a railway from the Cambrian
Railways at Hanmer to the Shrewsbury and Crew branch
of the London and North-Western. Capital, £750,000;
loan, £250,000.

Non-compliance in certain points was declared in the
cases of the Glasgow (City) Suburban and Harbour Rail-
way, for local railways in and about Glasgow.
The bills withdrawn were those of the East Essex Rail-
way and the Oxford Canal Navigation.

The Malacca, 20, screw corvette, fitted for com-
mission at Portsmouth, yesterday made her " fac-
tory" trial previous to being handed over by the
officers of that department to the Steam Reserve
Department for commission.