The Sun.
London, England, 1854-02-23 00:00:00

• *era from that source, and he hoped the evil would 'be re-
medied on the Blackwell line. (Hear.)
The CIMIRMAN said the suggestion of the hon. proprietor.
should receive every attention from the board and the cancers
of the company. _ _ _

itesolutiOzuC were passed adoping the report, declaxiaig a
dividend of 4s. per share for the half-year, and re-electing; the
retiring directors. _ _

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

YORK AND NORTH MIDLAND.

The half-yearly meeting of this company was held ma Fri-
day at York, Mr. H. B. Thompson in the chair.
The Cnataman, in moving the adoption of the reporty said
that Mr. Hudson had signed, sealed, and executed the neces-
sary deeds, and deposited the securities referred to in the re-
port for the payment of the 51,0001. He was glad to say that
the Victoria Dock branch at Hull would be completed for
65,0001., being 5,0001. under the original estimate of 70,000/.
With regard to the working arrangement with the York, New-
castle, and Berwick and Leeds Northern Companies, the re-
sult was as good as could he expected. During the last few
years the dividends had steadily increased, and he hopeel they
would continue to do so more rapidly than heretofore,
Resolutions were passed adopting the report, and deellaring
a dividend for the half-year, at the rate of 3 per cent. per an-
num. The retiring auditor was re-elected, and the allowance
for that service was fixed at 1201. per annum.
A vote of thanks to the Chairman concluded the proceed-
ings.

YORK, NEWCASTLE, AND BERWICK.
The half-yearly meeting of this company was held at York
on Friday ; Mr. J. Pulleine 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, en-
tered at some length into the prospects of the company, and
the advantages of the working arrangement with the York
and North Midland and Leeds Northern Companies. He was
happy to inform the proprietors that the directors were in a
position to pay a dividend at the rate of 4 per cent, per an-
num for the half-year, which was the highest dividend that
had been paid since the present board came into office, He
concluded by moving the adoption of the report, which was
seconded by the Lord Mayor of York.
Mr. WATKINS moved an amendment, to the effect that the
to the docks at Jarrow Slake be
portion sf tho report relating
not approved.
Mr. Mrrcurit seconded the amendment.
A long discussion ensued, which resulted in the amend
ment being negatived by
a large majority, and the report wa-
adopted.
The dividend for the half-year, at the rate of 4 per cent.
per annum, was declared, and after some formal resolutions
the meeting separated.

BANBRIDGE, NEWRY, DUBLIN, AND BELFAST
JUNCTION.
The first ordinary meeting of this company was hell on
Wednesday, at BAnbridge, to consider the report of the
directors, which stated that the act incorporating the com-
pany had received the Royal assent in dugttst last. The
amount received on shares to the 31st of December was
2,186/., and the expenses were I,2l4l.—leaving a balance of
8911.

The report was adopted, the retiring directors were re-
elected, and, after other formal resolutions, the meeting
separated.

MADRAS.

The half-yearly meeting of this company was held on Mon-
day at the oflices, New Broad-street ; Colonel D. Sim in the
chair.

The Secretary then read the report.
The CHAIRMAN, in moving the adoption of the report, said
he had no doubt that the 5,550 shares which had been sent out
to India would be taken up at Madras and other places. The
present depression in the price of shares would only be tem-
porary, as the dividends would always be paid regularly. The
capital of 1,000,0001. would be increase 1 by the bill now be-
fore Parliament in order to carry out the contract with the Go-
vernment. The works were progressing satisfactorily • about
25 miles in length of the first section were nearly ready for
the rails, and the works on the next 50 miles will be com-
menced immediately. The engineer-in-chief had gone to in-
spect the course of the extension line and a portion of the
Malabar coast, with a view to ascertain the best place for the
terminus. Labour was cheap and abundant, and the works
on the first 25 miles, including earthworks, bridges, &c., ex-
clusive of chairs and rails, were executed at the small cost of
1,0001. per mile. He concluded by moving the adoption of
the report.
Captain BARBER said he' concurred in every word the chair-
man had stated with regard to the construction of the line
and the value of the railway as an investment. He com-
plained that he had only received a small portion of the shares
he had applied for, and. that afterwards it appeared they ha
been allotted to others, although he had offered to take all
the shares that might be allotted to him.
The CHAIRMAN said he should have had them, but they were
not offered a second time to the shareholders. . _

--Captain Baanza said, the secretary was aware that ho
would have taken them had They been allotted to him.
" In reply to a question, it was stated that the first cargo of
rails had arrived in India but the great difficulty was to get
ships to take the remainder out. The locomotive stock bad
been ordered, and was in course of construction. The 5,550
shares were sent out by the mail of the 20th November last,
and had arrived safe.

The report was adopted, and the retiring directors and
auditors were re-elected.

A. vote of thanks to the chairman concluded the pro-
ceedings.