The Sun.
London, England, 1853-08-27 00:00:00

WEST LONDON.

The half yearly meeting of this company was held
yesterday at the London Tavern, Mr. S. Bird in the
chair.

The report stated that the directors, having so recently
reported to the proprietors at their special meeting the
details of the arrangement made with the London and
North-Western Railway Company, had now only to con-
gratulate the proprietors upon the position of affairs,
and to assure them that no effort would be spared on
their part to accomplish a finally satisfactory result.
During the half-year there had been an increase in the
total traffic on the canal of 862 tons, but there had been
a decrease in the traffic to the railway of 410 tons, and
from the railway of 40 tons. The capital account showed
that 296,5761. had been received, including 5071. during
the half-year. The disbursements amounted to 294,0211.
The assets of the company were nil, except the costs re-
lating to the litigation with the London and North-West-
ern Railway Company ; and by the terms of arrange-
ment entered into with the directors of that company all
questions as to costs incurred in the actions between the
two companies, and the costs of the proposed reference
and award, were to be settled by the arbitrators. The
assets were—cash in hand, 1,730/. ' • canal tolls outstand-
ing, 4331. ; amount due from private individuals, 825/. ;
due from North-Western Company, " as alleged by that
company," 446/. ; and various other claims for surplus
land, &c., the value of which is not yet ascertained.
The report was adopted, and the proceedings termi.
nated with a vote of thanks to the chairman and the
board of directors.

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pany was held at
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London Tavern—Mr. W. A.
Wilkinson, M.P.,
The report stated that since the last meeting the act
for incorporating the Portsmouth Railway Company had
passed. The line selected by that company began at
Godalming and terminated at Havant, between which
places it was almost identically the same as that granted
to this company in 1846. The promoters endeavoured
to obtain from the Legislature powers to wind up the
affairs of this company, but these powers the committee
of the House of Commons refused to insert in their act.
The session had therefore passed without relief to this
company. The solicitors had intimated that the sum
received for arrears of calls represented the greater
portion of the amount they thought recoverable. No
new claim had been made on the undertaking during
the last six months. One of the claims then pending
had been compromised for a moderate sum. The two
other claims in litigation had both been proceeded
with. That of Mr. Webb, in which the Lords Justices
decided in favour of the company, the plaintiff had car-
ried by appeal to the House of Lords, where it must be
eventually decided, but that decision might not be given
for some months. The other claims would probably not
be decided for a still longer period. Until they were
adjudicated or arranged, the directors did not think it
expedient that any course should be pursued. Should,
however, any circumstance arise before the next meeting
to render it necesssary, the proprietors would be called
together and consulted. Mr. S. Laing and Sir R. W.
Carden retired from office, but were re-eligible as direc-
tors. The receipts for the half-year to the 30th of June
last amounted to 1,3261., and the disbursements to
1,3591. The total receipts from the commencement
amounted to 149,0541., and the disbursements to
122,0551., leaving a balance in hand of 26,9991.
The CHAIR3IAN said, all they could now do was to
wait patiently until next session to get powers to wind-
up and settle and divide the surplus, and it was not
likely there would be any other claims against the com-
pany than those stated in the report.