The Sun.
London, England, 1846-02-13 00:00:00

TILE SUN, LONDON, FRIDAY EVE, ING, FEBRUARI 13, 1846.

bad, up to the present time, been unable to afford all the
acilities necessary for its full development.
"The dividend which the meeting would have to declare
for the half-year ending the 31st of December last, at the
rate of 5 per cent. per annual on the respective shares of the
Company, to become payable on the Ist of March, would be
as follows :—viz., 1/. 2s. 6d. per share on the registered
shares (50/. paid)—less property-tax; 12s. 2d. per share on
the registered shares (301. paid)—less roperty-tax ; 17s. 6d.
per share on the scrip shares (401. paid —less property-tax.
" RICHARD PAT 'RSON, Chairman.
"•Shoreditch, London, Feb. 4, 1846."
The Treasu'rer's statement showed a balance to the account
Of 47,171/. ss. 3(1.
The CHAIRMAN, in moving the report, said that he did not
think it required any explanation ; but he was ready to
answer any question which might be put to him.
Mr. KINNAIRD seconded the adoption of the report.
In answer to several questions from proprietors,
The CHAIRMAN said that the total number of shares in the
Company was 23,108, and out of that number 170) had
agreed to take the New Extension Shares. The Eastern
Counties Company had agreed. to declare 6 per cent., if the
receipls on the Northern and Eastern should be 132,5001.;
but as they were only 115,5001., they only declared 5 per
cent. • _ . _ _ _

contirmatory of the report were then passed,
and, after a vote of thanks to the chairman and directore, the
meeting separated.

GREAT WESTERN RAILWAY
MEETING.

This Company held their usual half-yearly meeting at the
Board-room, Paddington, sest,rday, at which there was a large
attendance of shareholders. _ _

Charie3 Russell, Fay., M.P., having taken the chair, the
advertisement calling the meeting tsas read, and the seal affixed
to the deeds of regiAer. _ _

The CHA inota lc proceeded to address the nontieg, which
he did at great length. Having congratulated the meeting
upon the statements contained in the report relative to the
results of reducing the fares and increasing the accommoda-
tion, he went on to observe upon the projects the Company
had then in progres , and the position of hostility in which
they were obliged to stand in regard to the Birmingham and
South Western Companies. With regard to the former, the di-
rectors did not think that the terms offered them were at all
commensurate with what the Great Western had a right to
expect ; and, therefore, all negneiations between them and the
Birmingham had ceased; and, as regards the latter, he would
not then enter into a series of charges of bad faith against them, as
they would he brought forward at the proper time before the
Parliamentary Committees. With respect to the Bristol and
Exeter Company rejecting the terms -of. amalgamation, he
regretted they had done so; but when their lease expired,
this Company would be glad to meet them again. In reply to
a suggestion from the Rev. Mr. Nicholson, that lists of the
shares held by the Great Western Company in other Compa-
nies should be laA upon the table, he would beg to say that
these lists were ready ; but he would also say that it would
not. be very judicious, for many reasons, to read those
lists ; but he hoped the shareholders had sufficient confidence
in them not to believe them capab'e of acting as stags and stock-
jobbers. The Hon. Member continued to address the meeting
at some length upon the nature of the projects they had in
contemplation, and the general state of the Company's affairs,
and when be had concluded,

The SECRETARY read the report, which was one of con-
siderable length, but the substance of which was, that not-
withstanding that they had reduced their fares, and platted an
additional number of carriages on the line, their traffic had in-
creased beyond their anticipation. The former had increased
in one year, from 960,010 to over 1,000,000, and the latter
from 90,000 tons to 150,000 tons ; and the account of receipts
and expenditure shows a balance to December, 1845, of over
3 1,0001. to the credit of the company. The report. went on
to say, that after pa, ing certain rents, tolls, &c., a dividend of
four rr cent. might be declared, and sill leave a balance to
the credit of the current half year of over 6,800/.
After a few words from Lord Reddesdate, suggesting that
the Company should tako no steps until the Gauge. Com-
miss'on had sent in their report, the meeting agreed to adopt
the director's report, and resolutions founded thereon.
The usual vote of thanks was passed, and the meeting se-
parated.