The Sun.
London, England, 1856-09-19 00:00:00

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CALEDONIAN.
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chair.

[PRICE 4D. STAMPED SD•

After some discussion, Mr. Colquhoun's amend( Jent
was put against the chairman's motion, but the 1 atter
was carried by a large majority, only 13 voting f. ir the
amendment.

Mr. Gillow's amendment was next put again st the
chairman's motion, when the latter was again c arried,
°Ely five holding up their hands for the awe? idment.
Mr. Gillow demanded a poll. A poll was take is when
there appeared—for the chairman's motion, pr.( Atint, 67;
proxies, 700 ; representing 1,380,0001. of ate )c/E. For
Mr. Gillow's amendment, present, seven perE ODR. The
scrutiny of the votes was deferred.
This cloud the proceedings.

The half-yearly meeting of this company was held in
,gow on Wednesday; Mr. William Johaatone in the
ir.
The report, an abstr tct of which has appeared in The
Sun, was held as read.
Tf e CHAIRMAN stated that the directors regretted ex.
eeedingly that they had to propose so small a 6...idend.
They bad done all in the:r power to ebtain a better re.
turn, but circumstances which he woutd exteain would,
he believed, satisfy the t-,lareholdere that a forger divi-
dend could n, tbe re,..ennieed,-d. A qiiesti.a. .uld
naturally arise to the effect-6. Since y u as
much traffic as in the half-sear ending July, 1855, wi,y
have we not now as large a dividend as in that hal.
year I" Then they paid a divi,-iee•d at the ra,e nt 3 per
cent, per annum, and now he regretted to say they c,tild
only recommend one at the rate of 1 per e. rit. per
annum. The amount of dividend en the ordinary
stock in July, 1855, was 45,7951 for that h.tlf-year.
The amount of the dividend for the half-year ending
July, 1856 ,was 15,2701. The difference there fore was
30,525/. The increase of expenditure in the •Aae half-
year, as compared vita the other, was thus accounted
for :—The increase in repairs of stations in the half-
year just ended, as compared with the corresponding
one in 1855, was 1,6001. The increase in repairs of plant
was 9,8001 ; the increase in locomotive expenses, 4,000/.;
in general carges, 2,000/. ; in interest of money, 6,4001.;
in rates and taxes, 6,40 C/. ; in passenger duty, 400/. ;
in dividend on preference shares, 2,5001. These, with
ether items, amounted to more than 3G.,000/ of increased
expenditure in the tialt•year of 1856, and thus more than
accoun'sd for the difference in the dividend. He then
moved that the report be adopted, the dividends rat
4i per cent. and 5 per cent. upon the preference stock ,
and 1 per cent, upon the ordinary stock, be paid (la
the 1E of October.
Mr. W. FENTON seconded the motion.

Mr. COLQIIHOUN moved, as an ainenatient to the re-
port, that the company's servants be rested on the
Lord's-day.
This motion was sec3nded and supported, the speak ers
being repeatedly inaudible from the reluctance of ,ale
meeting to hear them.
Mr. GILLow moved that a committee be appointed to
inquire into the affairs of the line and report upon WI tat
they considered the best mode of improving their con.
dition.