The Sun.
London, England, 1854-09-01 00:00:00

NORTHERN COUNTIES UNION:

The half-yearly meeting of this company was held
yesterday, at the London Tavern—Mr. Middleton in
the chair.
The report, which was unanimously adopted, stated
that the directors had had an interview with a deputa-
tion from the committee appointed by the shareholders
at the last meeting ; and they had also had a report
from a committee appointed by the board to inspect the
unfinished works of the Northern Counties -Union line,
and it appeared to the directors that the most expedient
course would be to await an opportunity of selling this line
in its present state to one or other of the companies who
are, or may become, interested in the locality, and that
the directors should be empowered to obtain an Act of
Parliament authorising such sale, and thereby practi-
cally to wind up the affairs of the company, an event
which the directors consider is greatly to be desired
asmuch as it would enable them finally to close the ac-
counts of the company, and to divide the available
balance. The balance-sheet showed a balance in band
of 10,6011.
Resolutions were unanimously passed authorising the
directors to enter into agreements for the sale or other-
wise of the Wath Branch, and to go to Parliament for
power to sell the undertaking, and for such other
powers as the directors might require ; and requesting
the directors to have the report of the committee and
Mr. Harrison's statement printed and circulated among
the proprietors.
The proceedings concluded with a vote of thanks to
the chairman and directors.

HEREFORD, ROSS, AND GLOCESTER.
The half•yearly meeting of this company was held at
Hereford. on Tuesday, Lieutenant-Colonel Vaughan, the
chairman of the company, presiding.
The report stated that since the meeting in February
last, the directors bad exerted themselves in every pos-
sible way to stimulate an active progress of the works on
the whole line, and they entertained a very sanguine
hope of being able at the present time to announce
with positive certainty the day for the opening. The
bill promoted in the last session of Parliament by the
Shrewsbury and Hereford Company, which, among
other provisions, gave power to that company, in
conjunction with the Hereford, Ross, and Glocester,
to provide joint station accommodation at Hereford,
had received the Royal assent on the 10th of July
last. In that act this company is empowered
.to raise an additional capital of 30,0001., either, by
ordinary shares or by shares bearing a preference or
guarantees not exceeding 5 per cent. per annum. The
state of the company's finances render it desirable that
the power thus given should be exercised, and as in the
Rresent state of railway and monetary affairs, it is not
to be expected that ordinary shares would readily be
taken up, the only alternative is to issue the shares with
the preference or guarantee which the act of Parliament
authorises. A special meeting would be' held on 'the
13th of September to consider the question. The report
' expressed the utmost confidence that, when the entire
line was openedbit would yield a very satisfactory 're-
' muneration for the capital employed in it.
The CRAMS/ AN expressed his belief that the line
- would be opened throughout in the space of ten or twelve
weeks.
The report was unanimously affirmed, and the meeting
adjourned until the 13th of September.