The Sun.
London, England, 1856-05-31 00:00:00

MIDLAND.!

An extraordinary meeting of this company was held at
Derby yesterday, Mr. Ellis in the chair, for the purpose
of considering a bill to enable the company to raise addi-
tional capital.
The CHAIRMAN observed that, by the bill in question
they proposed to raise 400,000 f in new shares, to borrow
one-third that amount, and to take powers to bring to
life again those shares which were dead and had become
forfeited. The purposes for which the money was wanted,
were stated in the following clause :—"And whereas', in
consequence of the increased traffic of the Midland Rail-
way, especially in minerals and goods, it is expedient
that the company should be empowered to raise further
moneys for enlarging the present, and making additional
stations and sidings, buildings and conveniences thereto,
and for improving the works of the Midland Railway,
and making additions to the working stock thereof." If
the increase of traffio continues as it had hitherto done,
they would have to make a proportionate increase in
their working stock, and also in their stations and
sidings.
Mr. CARTER (solicitor) read the preamble of the bill
and also the marginal notes. •
Mr. PARSONS, of Bristol, wished to know if any of the
money was intended to go towards the Leicester and
Hitchen line.

The CHAIRMAN said, the money raised would be ap-
plied to the various requirements of the company. With
regard to the Leicester and Hitchen line, they had plenty
of money for that, and he would repeat that his opinion
was not changed as to the value of that line. (Hear,

hear.)
Mr. PARSONS moved an amendment to the effect that
the question be adjourned until a future meeting.
Atter some further observations from Mr. GEE, who
sated his opinion that the directors would spend the
whole of the money in ten months.
Mr. PARSONS withdrew his amendment, and the
CHAIRMAN put the original resolution, which was carried
unanimously, and the proceedings terminated with a vote
of thauks to the Chairman.

LEEDS, BRADFORD, AND HALIFAX
JUNCTION. _ _ _

The quarterly meeting of this company was held yes-
terday as Bradford, Mr. W. Walker, presided.
Mr. CAWOOD, secretary, read the report of the direc-
tors.
The CHAIRMAN said, the principal object of the meet-
ing was to declare the quarterly dividend. There was
one thing with regard to the declaration of a dividend
which they had doubtless observed—viz., that it was
necessary, in order to the payment, that 693/. should be
drawn from the reserved fund. It was always under-
stood that this fund should be so applied when rendered
necessary by the fluctuations in the state of trade and
the quantity of traffic at different periods of the year.
At the present moment the traffic was considerably
more than usual, and he trusted that at the next quar-
terly meeting they would not have to apply to the re-
served fund at til. They were now approaching the
time when the Gilderstone coal branch would
opened, and he looked for ward to that period with
very great expectations that the public at large would
be very materially benefitted, while the shareholders
would derive a much increased revenue from that
source. He concluded by moving the adoption of the
report.
Mr. W. PEEL seconded the motion, and it was car-
ried.

A dividend at the rate of 6 per cent. per annum
was declared, for the quarter ending March last, on
210,000/. paid up share capital, payable on the 9th of
June.
It wal explained that the company were paying in-
terest on 36,000/, of unproductive capital.
A vote of thanks to the chairman concluded the pro•
ceedings.