The Sun.
London, England, 1860-01-27 00:00:00

. .
LONDON, BRIG./17'0N, AND SOUTH-
COAS T BA.ILIFAY,

HALF-YEARLY IVIE.V..TING—(THIS DAY).
The ordinary half-yea rly meeting of the share-
holders in this undertal%ing was held this day at
the Bridge-hpuse Hotel.
LEO SCHUSTER, Esq.., chairman of the board of
directors, presided.
The directors report, which has already appeared
in 'Re Sun, having been taken as read,
The CHAIRMAN said it was always with pleasure
he met the proprietors, in. order to give an account
of his stewardship. After alluding to several items
in the capital account ho proceeded to notice the
completion of the purohase of the West End of
London and Crystal Palace Railway-, which,
he said, would affovd the residents in the
vicinity the best accommodation, and must fulfil
all the advantages twat had been contemplated.
With respect to the West-end Extension, as it was
called, that would shortly be commenced, as the
whole of the survey had taken place, and the pre-
liminaries all completed. The directors anticipated
that the works would be completed in about two
years. (Hear, hear.) The directors had thought
it for the advantage of the company to make the
necessary prepEtrations for authorising them
to make a short line from Pulborough to
Ford. The residents in that vicinity had now
for some time been anxious for such a railway ; and
the directors of the South Coast, after the failure on
the part of those who proposed to make the line
last year, had determined to take the business in
hand.

The line was about nine miles and a

half in length. It was not an expensive
one, and there would be no tunnels. From
Ford it was proposed to carry on the line to
Southampton, which was a port cf some business,
a watering place ; and the making the proposed
railway would, without doubt, prove advantageous
to the company. The directors had also entered
into arrangements with respect to a:line to Bognor.
All these steps were of the greatest importance, be-
cause they would leave open no ground to parties
residing in the district to invite other persons to
make the lines. In making the additions to their

line, the directors were not animated by any aggres-
sive spirit; they were only looking to their own do-
mains, which they were determined to cultivate to
the utmost. After these proposed lines had been com-
pleted, he did not think the directors would be
called upon for years to come to construct another
mile of railway. (Hear.) The outlay that had
taken place for improving and fish-jointing the
permanent way was now producing the most
economical results, as the accounts showed a saving
of £2,331 as compared with the corresponding half-
year, which fully confirmed the advantages ex-
pected for improving and maintaining the line in
the best possible manner. Under these circumstances
the directors have continued relaying and re-ballast-
ing other portions of the line, and during the past year
£11,484 has been so expended, and placed to the
debit of the permanent-way improvement account.
On the other hand, the increased revenue ad-
mitted of a larger amount being placed to its
credit ; £17,000 had been so appropriated, making
with £3,000 contributed in the previous half-year,
£20,000 applied during 1869 towards the extinction
of that account, being £13,000 in excess of the sum
originally proposed to be annually so applied. The
net amount at the credit of the revenue account was
£163,753, out of which th• directors proposed
the payment of a dividend of 3-} per cent. for the

half-year amounting to £161,649, leaving a ba-
lance to the eredit of the current half-year of £2,104;
thus making a dividend of 6 per cent. for the year
1859. He would not detain the meeting further,
but in the event of any proprietor wishing for any
information, he should have great pleasure in
answering any question that might be put to him.
The motion of the Chairman having been
seconded, it was put to the meeting and carried
unanimously.
Mr. lIERAPATII—I have heard, Mr. Chairman,
that the London and South Coast directors and
those of the South-Western Railway are now on

good terms, and that everything is going on
amicably between them. Is that so ?

The CHAlRMAN—Perfectly. (Hear, hear.)
After a short conversation resolutions for the
payment of the dividend mentioned in the report,
and the re election of the retiring directors, Messrs.
Coningham and Lawrie, was unanimously agreed to.
A vote of thanks to the chairman terminated the
proceedings.

POLICE INTELLIGENCE-(TIIIS DAY.)

MARLBOROUGH-STREET.

NEGLECTING TO PAY FOR THE SUPPORT OF A CHILD
IN A REFORMATORY.—AIfred Austin, a tall, powerful-
looking labouring man, was brought up on a warrant,
charged with neglecting to pay for the support of his
daughter, Julia Austin, who is detained at a reformatory
school at Hampstead,

The prisoner, when he was:taken into custody, gave the
officer considerable trouble, trying his utmost to escape.
Inspector Brennan produced the order signed by the
Secretary of State, authorising proceedings to be taken
against the prisoner, upon which he was summoned before
Mr. Beadon, and an order for 4s. a-week made on him for
his daughter, who was now in the Rescue Society's Re •
forinatory School, at Hampstead. There were seven weeks
due on the order, amounting to 28s. The prisoner and his
wife earned 303. a-week between them, and it was a case of
wilful evasion of the order.

The prisoner, who said he had no goods, no money, and
no furniture, was then ordered to pay the sum of 28s. and
costs, or be committed for 28 days.