The Sun.
London, England, 1865-01-25 00:00:00

RAILWAY INTELLIGENCE.

SEVENOAKS, MAIDSTONE, AND TUNBRIDGE.
A special general meeting of this company was held yes-
terday at the Victoria Station, Pimlico, to consider the
propriety of raising additional capital—Mr. Holroyd in the
chair.

The secretary having read the notice convening the

meeting,

The CHAIRMAN said that an agreement had been con-
cluded with the London, Chatham, and Dover Company,
but the details had not yet been settled, by which the
construction of the extension line from Otford to
Maidstone would be carried out, and therefore it was
necessary to raise the authorised extension capital to carry
out tat agreement. The creation of the new capital would
not infringe in any respect on the existing agreements be-
tween the two companies. The construction of the exten-
sion line to Maidstone would be greatly to their advantage
in respect of the traffic it would bring over the portion of
the existing Sevenoaks line from Otford to its junction with
the London, Chatham, and Dover Railway. He concluded
by moving a formal resolution authorizing the creation and
issue of share capital to the amount of £530,000 for the con-
struction of the extension lines ; the extension shares were
to be issued in one or more classes, on such terms and con-
ditions as might be determined.

Sir C. RoxiY seconded the motion, which was unani-
mously adopted.

Resolutions were then passed to the effect that the pro-
prietors of the extension shares were to be entitled to a
dividend up to 5 per cent. per annum out of the net profits
of the extension lines, allowing 50 per cent. for working
expenses, and authorizing the directors to borrow £176,000
on debentures.

The proceedings concluded with a vote of thanks to the
chairman and directors.

WATERFORD AND WEXFORD.

The first ordinary meeting of this company was held
yesterday at the office, 17, Gracechurch-street; Sir C. P.
Roney in the chair.

Mr. Wood, the secretary, having read the notice conven-
ing the meeting,

The CHAIRMAN said they held the meeting that day, in
compliance with a clause in the company's act, for the elec-
tion of directors and auditors. He was happy to tell them
that after some delay they had succeeded in making
arrangements for the "construction of the works. The
working plans were being prepared, and the surveyor and
valuer had been appointed. With regard to the land re-
quired for the line, the price of a considerable portion
of it wonld be' taken by landowners in shares. The con-
struction of the line was looked forward to with great in-
terest along the whole of the, district through which it was
intended to pass. As to the probable period the works
would be commenced he could not exactly say, but when
they were commenced it was intended to proceed with them
vigorously. The branch and works at Rosslare harbour,
near Wexford, would also be carried on so as to form a
direct line of communication from the South of Ireland by
a short sea passage of 59 miles to South Wales, and rid the
Great Western Railway to London. An independent com-
pany would make a short line to connect the Wexford line
with Waterford. Satisfactory arrangements were being
made with the Dublin, Wicklow, and Wexford Railway
Company which would be beneficial, and the chairman of
that company had told him that every facility should be
afforded to the Waterford and Wexford Company to carry
on their operations. By means of the Dublin and Wexford
Railway there would be direct communication from Dub-
lin to Rosslare harbour, and from thence by the Water-
ford and Wexford and other lines to Cork and to
Bandon, and by means of the West Cork line, now in
course of construction, to Skibbereen ; and further, by a
proposed line from the latter place to Crookhaven, which
was now under consideration. The latter place was 80
miles west of Queenstown, and would make an excellent
packet station, so that their railway would form a portion
of an important coast line from Dublin to Crookhaven.
Resolutions were passed electing Sir C. Roney and
Messrs. Holland, Sedgwick, and Corry directors of the
company, and adjourning the meeting to that day fort-
, night for the purpose of completing the board of directors
and electing auditors.