The Sun.
London, England, 1846-08-28 00:00:00

" The remainder of the line, a distance of about eleven
miles, is set out, and should I shortly obtain your per-
mission to proceed, the whole of the between Lynn
and Dereham may be opened throughout early in the
autumn of next year. "J. S. VALENTINE."
The report was moved, seconded, and carried unani-
mously.
A vote of thanks was then passed to the Secretary,
and the meeting separated.

TAFF VALE RAILWAY.
BRISTOL, WEDNESDAY.—The half-yearly meeting of
the proprietors in this company has been held at the
White Lion in this city. There was a numerous attend-
ance of proprietors. Sir J. J. Guest, chairman of the
board of directors, presided.
The Secretary, Mr. KENWAY, read the report, which
stated that the directors were pleased at having it in
in their power to recommend a dividend of d/. 3s. per
share (less ld. on each original share), and that the
sum of 4591. be carried to the fund for the depreciation
of stock. Though the accounts showed a slight decrease
in the gross receipts in the half-year, as compared
with the last, yet it should be observed that the
receipts of these six months exceeded the corresponding
six months of 1845 by the sum of 4,771/. lls. 6d. The
bridges and remaining part of the double line are in a
great state of forwardness, and should the traffic re-
quire it, may be completed before the end of the year.
The extension of the Rhondda branch to the colleries of
Messrs. James and Messrs. Insole and Son is now
finished. The Bill for the extension of the branches up
the two Rhonddas and for enabling the company to
complete their arrangement with the Marquis of Bute
has passed both Houses of Parliament, and only awaits
the royal assent. The directors congratulate the com-
pany on a final and satisfactory settlement of all
questions with the Marquis of Bute, by which extensive
accommodation for the speedy shipment of coal, at fair
rates, will be afforded, and such as no other port in the
Bristol channel can offer to the public. The retiring
directors are Messrs. W. Coffin, H. Rudhall, and R.
Jones, who are eligible for re-election.
The CHAIRMAN had little to add to the report, but
he must take the opportunity of congratulating them
upon the great amount of traffic which would be brought
upon the Taff Vale Railway by the formation of the
Aberdare line. Some were sanguine enough to expect
as much as 2,000 tons a day, but the directors calcu-
lated on as much as 600 tons a day.
Mr. HUTCHINGS, M.P., asked what expense had been
gone to in opposing the Vale of Neath line, and whether
the committee, who had proceeded to London respecting
it, were authorised by the directors ?
The CHAIRMAN replied that the expense occasioned by
the opposition was about 1,5001., and
The SECRETARY read the minutes of the directors'
meeting, from which it appeared that the chairman, de-
puty-chairman,-and three other directors, had been ap-
pointed as a Parliamentary Committee, to attend to all
the Parliamentary business connected with the company.
Mr. J. PRICE said that dissatisfaction was felt by many
proprietors about the opposition, and he should be glad
to have some explanation of the circumstances.
Mr. POOLE (one of the directors) said, that if the
directors had not opposed the Vale of Neath line they
would not have been any longer entitled to the confi-
dence of the proprietors.—(Hear, hear.) The Vale of
Neath line was put forward as a competing line with
the Taff Vale Railway, and - Mr. Fisher, who prepared
the traffic tables, relied on much of the traffic now car-
ried by the Taff Vale line being taken by the Vale of
Neath line.—(Hear, hear.) Further, their station at
Mevthy, was to have been crossed by the Vale of Neath
line at a height of thirty-five feet, and the only approach
to it would have been by one arch.
Mr. HUTCHINGS condemned the expense as useless.
He did not think that the Taff Vale Railway would
suffer a loss of traffic.
One'or two of the proprietors vindicated the conduct
of the directors in opposing the Bill.
In answer to a question put by Mr. J. PRICE,
The CHAIRMAN said that the negotiation for leasing
the Aberdare line had only just been commenced, and,
therefore, nothing definite could be stated. The sub-
ject, before any step should be binding was taken, would
be submitted to the consideration of the proprietors at
large. He would mention, however, that there was an
amicable feeling existing between the directors of both
companies.
Resolutions adopting the report, and declaring a divi-
dend of 31. 3s. per original share, were then passed.
Messrs. W. Coffin, 11. Rudhall, and R. Jones were
re-elected directors.