The Sun.
London, England, 1851-09-01 00:00:00

LLYNVI VALLEY.

On Friday the half-yearly general meeting of the
proprietors of this railway was held at the offices,
West Strand; Sir R. Price, Bart., M.P., in the
chair.

The SECRETARY commenced the proceedings by
reading the report, which alluded in the first place
to the Royal assent given to the Bill which had been
approved of by the shareholders at a former meeting.
It directed attention to the reduction which bad been
made in the tolls on this line, and to the issuing of a
debenture for 4,5001. to the South "Wales Company,
in lieu of the share capital held by them—interest
is to be at 4 per cent. In the accounts of the past
half-year it would be found that the grass earnings
have experienced a small increase, and the expenses
a slight decrease, as compared with the previous
half-year. The net balance of 1,9721. ls.
carried to the general revenue account as the profits
to the 30th of June last, with the balance at the credit
of that account, made a total sum of 2,1911. 14s. 11d.
now at disposal.
The retirement of Mr. Matthews from the chair-
manship of the company was notified with regret;
the duties would be undertaken by Sir 3. Price,
Bart., M.P.
The capital account showed that a sum of 113,0461.
had been expended, and that there was a balance to
credit of the company of 2,5231. From the revenue
account it appeared that the receipts for the half-
year had been 4,030/., and the expenditure 2,058/.,
leaving a balance of 1,9721., which, added to the ba-
lance from last half-year of 2191., left an amount
lavailable for dividend of 2,1911.
Upon the motion of the Chairman the report was
received and adopted.
Tue CHAIRMAN moved that the directors be autho-
rised to issue a mortgage under the common seal of
the company to the South Wales Railway Company
for 4,5001. upon such terms as they might think ex-
pedient.
The resolution was put and carried.
Upon the motion of the Chairman a dividend of 4
per cent. was declared, the same to be payable on
and after the 29th of September.
The Rev. Mr. Ksiionx asked the reason why the
same dividend as before (4,i per cent.) could not be
paid on the present occasion ?
The CHAIRMAN said it was explained in the r.eport.
He then moved that the best thanks of the propriet.ary
be given to Mr. Matthews, for the able and efficient
manner in which he had presided over the interests of
the company during his chairmanship.
The motion was unanimously agreed to.
The Rev. Mr. KNIGHT then gave notice that at the
next general meeting he would move the following
resolutions :
" That in consequence of the altered circumstances in
the relative position of the new and old proprietors
under the provisions of the late Act of Parliament, the
management he remodellec.l, and the number. f the um c-
tors reduced to seven, and that their collective remune-
ration shall not exceed 200/ per annum.
in
" That for the future the g,,neral business of the con-
cern shall be curried on some locality convenient to
the port and railroad, a tQ that the
_London office be given
up on the shortest possible notice."
After a vote of thanks to the Chairman the meeting
separated.

EAST ANGLIAN.
The usual half-yearly meeting of this company was
held at the London Tavern on Saturday ; H. Bruce,
Esq., in the chair.
The report, of which the following are the
Portiolah was taken as read principal