The Sun.
London, England, 1856-09-04 00:00:00

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GREAT SOUTHERN AND WESTERN.

The half-yearly m -etieg of this company was held M
Dublin on Saturday—Sir E. M`Duneel in the chair.
The Secretary read...the erepert, an abstract of •teiliele
has appeared.
c;:a:r:ci.n, reovin,:r the a loplian. of the tepert,
stated that the increase in the ceolkieg expenses atuount-
ed to 7,500/. during the half-year as compared with the
corresponding period of last year, and there was also an
increase of 1,280/. in the item of interest on loans. The
reserve fund, which had been established some years ago,
bad been of peat service to them. They had already
paid out of it 28.000/. fur the fatal accident which bad
occurred on the line several months past, and 5,000/. for
eslaying the line, making 33,0001., and there now re-
mained 32,0001. to the credit of that account. (Hear,
:leer.) The gross traffic far the half year showed an in•
crease of 14,418/ , of which only 1,145/. wee derived
from the cenvelaece of troops. In the hafeyear ending
June, 1855, the weekly receipts averaged 6,0181. ;
but for the halt year ending 30th of June last they aver.
Aged 6,473/ , showing an increase of 525/ per week.
From the end of June tai the 30th of August the increase
al the receipts amounted to 7 400/ With regard to the
lividend, the plan they had adopted eae to keep' the
ene and carrying stock in the most efficient working
order, and to pay the dividend from the traffic accord-
ing to what it would afford. For the half-year
ending June, 1855, they gave a dividend of 5 per
eerie per annum, ctrrying forward 3,112/., and for the
half-year ending the 30th of June last they would
pay at the rate of 6 per cent, per annum, carry-
ing forward 6,422/. The increase in the gross traffic
for the half-year was 14,418, and the increase in the sum
available for dividend was 12,500/., so they would per-
ceive that the dividend was paid from the increased
traffic, The dividends declared by the company were
progressive. In 1851 the dividend was at the rate of
per cent., and it was increased in succeeding years to
4 per cent., 41 per cent., and then to 5 per cent., and
now to 6 per cent. The average dividend on the whole
was at the rate of 4i per cent., including interest at 4
per cent. up to 1851, which bad been paid during con-
struction out of capital. If they imagined they conli
not'maintain the 6 per cent. dividend, they would not
declare it.

A long discussion ensued, in the course of which the
report was adopted, and a dividend at the rate of 6 per
cent, per annum was declared for the half-year.
A vote of thanks to the chairman concluded the pro.
ceedings.

BUNTINGFORD AND WARE.
A meeting of the proprietors of the proposed railway
from the Eastern•Counttes line at Ware to Bantingrtrd
was held at the latter town on Saturday—Mr. C Lush-
ington in the chair.

-Mr. Mickley read the report of a committee which
had been appointed to ascertain the views of the different
landed proprietors. It concluded as follows :—" The
committee have come to the conclusion that gererally
the scheme for the proposed railway from Buntingford
to Ware has been received with favour by the land-
owners and occupiers, and that no serious opposition
need be apprehended from them when the usual applica-
tion to Parliament is made for an act for this purpose."
Mr. Green then moved a resolution, to the effect that,
in the opinion of the meeting, a company should be
formed to raise the requisite capital, and to apply to
Parliament for power to construct the line.
The Rev. G. BISHOP seconded the proposition, which
was unanimously adopted.
o,,her resolutions having been agreed t 3 in respect of
the preliminary expenses, and soliciting subscriptions
from the landowners and others interested in the line,
the meeting terminated.

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