The Sun.
London, England, 1860-08-29 00:00:00

RHYMNEY.

The half-yearly meeting of this company was
held yesterday at the offices, Great George-street,
Westminster—Mr. J. Boyle in the chair.
The report stated that the amount of capital ex-
pended during the half-year ending June 30 was
£6,070, including £2,330 for goods engine and
tender, and £2,789 for land and'works. The gross
revenue for the half-year was £16,855, being an
increase of £4,145 as compared with the corre-
sponding period of 1859. The working expenses
amounted to £9,709 as against £7,857, being an
increase of £1,852. The net revenue for the half-

S ear, after deducting working expenses, was £7,147,
and deducting £5,308 for interest on loans and
rates and taxes, there remained £1,839. To this
was added £385 brought from the last account, and
£822, the amount due to the Marquis of Bute, since
arranged not to form a charge against the company,
leaving a balance of £3,046. From this was de-
ducted £2,015 for claim of Taff Valley Railway
Company for the use of six miles of their line, and
£1,316 for interest on guaranteed shares, leaving a
balance of £l4. The capital account showed that
£333,385 had been received and <£441,623 expended,
leaving a balance against the company of £108,238.
The CHAIRMAN, in moving the adoption of the
report, regretted that he could not congratulate
the shareholders upon a dividend. It would be
important for them to obtain powers to raise addi-
tion capital, and to lease the line to the Marquis of
Bute. At the next meeting the directors would be
able to state further the object of the bill. The
quantity of coal had lately been on the increase, and
there was a prospect of its increasing still further.
The average traffic per week for the last seven weeks
was £620, showing a considerable increase. He
might state as a fact that negotiations were being
carried out with the London and North-Western
Railway, who were anxious to have a dock at Cardiff
for the purpose of an import traffic. If that object was
obtained, it would greatly increase the returns of the
Rhymney, as the traffic from the dock would pass
over their line to the London and North-Western. At
present the negotiations were going on very well.
In answer to a question the chairman said the
amount to be raised by the proposed bill was
£lOO,OOO for paying off liabilities on the capital,
and for debenture purposes. It was the Taff Vale
Company that opposed the leasing bill in the late
session. The dispute with the Taff Vale would be
settled by the judge as a special case, and the result
would be known in November.

The report was then adopted.
The sum of £2,105, claimed by the Taff Vale, was
carried to a suspense account until the dispute was
settled.

The meeting was then made special, and the for-
feiture of 640 ordinary shares on which the calls
and interest due had not been paid, were confirmed.
A vote of thanks to the chairman and directors
closed the proceedings.

BRISTOL AND SOUTH WALES UNION.
The half-yearly meeting was held yesterday, at
Bristol—Mr. C. J. Thomas in the chair.

. _
The CHAIRMAN, in moving the adoption of the
report, stated that the directors had chiefly directed
their attention during the last half-year to the ac-
quisition of land, with which they had pomade very
good progress. A good deal of ineredulitfand faint-
heartedness had to be encountered, but he believed
that before long their line would be completed.
Mr. R. M. HAYMAN seconded the resolution, ob-
serving that he had never felt the opinion vary from
the time of the first meeting held to consider the
desirability of making this railway. He believed
still in its necessity, audits final benefit to the city
of Bristol. He saw nothing at all in the prospectus
which was first put forth by the directors of this
railway that he was inclined now to withdraw, be-
lieving that, what was there stated could be sub-
stantiated. He only wished that in the city gene-
rally there was the same amount of confidence.
Considerable doubt had been thrown on the proba-
bility of the railway ever being ennpleted, but he
thought the question was now set at rest,•and•that
it would not be very long before they would rea-
lise the ad van tages which had been anticipated from
the opening of the line. (Hear, hear.)
The report was adopted unanimously.
Mr. A. WARREN, on 'proposing a vote of thanks •
to the directors, spoke of the exertions of the con-
tractor, Mr. Brotherhood, in pushing on the works
under very disadvantageous circumstances as de-
serving of recognition.
Mr. W. Coustris seconded the resolution, which
was carried nem. con.

A vote of thanks to the chairman' terminated the
proceedings.

SEVENOAKS.
The directors in their report state that the works