The Sun.
London, England, 1856-03-29 00:00:00

STIRLING AND DUNFERMLINE.

The half•yearly meeting of the Stirling and Dunferm-
line Railway Company was held at Elinburgh on Tuurs
day ; Mr. J. Anstruther in the chair.

The directors report stated that on the 16th of Jan.
last Mr. Miller, the stantory auditor of the accounts of
expenditure ircurred in the construction of the line,
male his report applicable to the portion of the railway
situated between Dunfermline and Alma, whereby
371,8181. wag fixed as the amount on which the rent of
4 per cent. was payable by the lessees (the Edinburgh
and Glasgow) for that portion of the line. The action
against the lessees was itnmedietely enrolled in the Court
of Ses•ion before the Lord Ordinary, for the purpose of
obtaining decree for the rent due by them ; but the les-
sees
stated objections to the revrt with the view of hsv-
ing the whole matter again opened up The Lord Orkii-
nary had given decree in favour of this company, but the
lessees had reclaimed to the S,cond Division, before whom
the case would come in May next. The report of the audi-
tors in regard to the traffic stated that the revenue for the
half-fear amounted to 15,1591 , the expenses to 5,3061..
or 35 per cent., 1 aving 9,853/. towards the rent, which
amounted on 520,0001. capital to 10,400/., showing a
deficiency of only 5161. in the half year. The rapidly
increa• ing traffic of the line, with the addition likely to
be deritie,l from the early opening of the Forth
and Clyde Railway, afforle 1, said the auditors, a pros
pect that the returns of the line would shortly not only
meet the minintum guaranteed rent, but leave a surplus
for division with the lessees.

The CLUIRMA.N, in moving the adoption of the report,
expressed regret at the opposition the lessees had offered
t r the settlement of their chirps, and said that nothing
further could now be done till the re-assembling of the
Court in May. By that time they bad reason to expect
that Mr. Miller's accounts for the remainder of the line
would be completed. The bill for raising capital to pay
off their outstanding debts bad been presented to Par-
liament, and now ea ailed the meeting of the committee.
Mr. G. BERRY seconded the adoption of the report ;
and, while expressing cordial approval of the conduct of
the directors, also expre,seil astonishment and indigna-
tion at the conduct of the Edinburgh and Glasgow
B.e

The report was approved, the retiring directors and
auditors re-elected, and the meeting then serarated.

SOUTH WALES MINERAL.

The half-yearly meeting of this company was held yes-
terday at the Craven Hotel, Strand ; Viscount Villiers
in the chair.

The secretary read the report, which stated that, at an
extraordinary meeting of the company held on the 4th
of January last, it was unanimously resolved to lease the
line to the Glyncorwg Coal Company -for a term of 99
years, at such annual rant as would entitle the share-
holders to receive a dividend at the rate of 511 per cent.
upen the amount of capital from time to time paid up
daring the term of the lease. The directors are of opi-
nion that there is reason for congratulation on having
made such an eligible arrangement. The lease has been
executed. and takes effect from and aft- r the 4th of Jan.,
1856. The directors have extended the contract of the
contractors to comprise not only the tunnel, but about
a mile and a quarter of the railway, and they are happy
to state that the works were commenced on Tuesday,
the 25th instant.

The CHAIRMAN, in moving the adoption of the report,
congratulated the shareholders on the favourable posi-
tion of the company in respect of the arrangement en-
tered into with the Glyacorwg Coal Company, which he
had no doubt would prove equally advantageous to
both companies.
The report was unanimously adopted, and the pro-
ceedings terminated with a vote of thanks to the
chairman and directors.