The Sun.
London, England, 1854-03-30 00:00:00

RAIL WA ; INT.FILLIGENCE.

SHREWSBURI AND BIRMINGHAM.
The half-yearly meeting of this company was held at
Shrewsbury on Tuesday, Lord Bateman in the chair.
The report stated tl rat the passenger-traffic for
the half-year ending th‘ a 31st of December last
amounted to 12,6311., and the goods traffic to
9,5171. The continued opyositio.n and obstruction to
the traffic of the company by the London and North-
Western Company halve rendered ti.ie property wholly
unremunerative, which can only 136‘ put an end to
by amalgamation with the Great Western Company.
The Madeley branch will be ready for opening in about
three months. The Grt at Western Compaoy are com-
pleting the junction ait Wolverhampton, aa'd it is ex-
pected that the through communication bet weer this
railway and the Great Western will be made in about
two months. The sum expended on capital account
amounted to 1,461,4621. The receipts for the half-year
ending the 31st of December amounted to 28,1141., and
the working expenses, rates, and taxes, to 27,2811.
The CHAIRMAN, in moving the adoption of the report,
said that the Great Western Ccmpany, in giving them a
guarantee of 3i per cent, and surclus profits, had behaved
in the handsomest possible manse." ; they should use all
their energies to secure as speedily as possible this ad-
vantageous arrangement, inasmuch as it promised a fair
and equitable return for their capital.
The report was unanimously adopted, and the proceed-
ings concluded with a vote of thanks to the chairman.

LONDONDERRY AND ENNISKILLEN.
The half-yearly meeting of this company was held
on Tuesday at Coleman-street-buildings—Mr. J. Clay in
the chair. The report stated that the line would be
opened to Enniskillen in May next. A portion of the
line from Fintona to Dromore-road was opened on
the 16th of January last, making forty-six miles then
completed and in operation. A bill was now before,
Parliament for raising 75,0001. additional share capi-
tal, and adding 25,000/, to the borrowed powers
of the company. These sums were required to pay
for a second line of rails from Newtown Stewart to
Omagh, the construction of the Fintona branch, the
substitution of iron for timber bridges, building mar-
kets at Omagh and Newtown Stewart, in connexion
with the railway, and work-hops, coke-ovens, and
enlargement of the station at Derry,. The direc-
tors recommend the payment of the usual divi-
dend on the five per cent. preference shares, and 2s. 6d.
per share on the 25/. shares, leaving 8511. in hand. The
expenditure on capital account amounted to 543,4941.
The traffic receipts for the half-year ending 31st of De-
cember last amounted to 12,719/., and the expenses to
7,2581., leaving a balance of 5,461/.
The CHAIRMAN, in moving the adoption of the report,
stating that in about six months after the opening of the
line to Enniskillen there would be a remunerative traffic
upon the railway.
After some explanation from Captain Warren with
regard to the necessity for expending the proposed new
capital on productive works, and by the chairman and
Mr. Tyrrell, with respect to the fair and equitable man-
ner in which law and 'Parliamentary expenses were
charged to the co npany, the reports was adopted and
the dividends recommended therein were declared. It
was stated that a considerable portion of the dividend on
the 25/. shares had been paid out of premiums from the
sale of preference shares, and not out of net traffic.