The Sun.
London, England, 1856-08-20 00:00:00

CORK AND BANDON.

The half-yearly meeting of this company was held on
Wednesday at Dublin, Mr. V. B. O'Connor in the chair.
The CHAIRMAN, in moving the adoption of the report,
congratulated the shareholders on having been so fortu-
nate as to have a good board of practical men of business
to act for the present at least without any remuneration.
They would not accept payment until the company
was in a much better position. The old hoard of
diroctors had duringc, the last year done all they could
towards improving the circumstances of the company.
They had done so much and worked the line so very
economically that he apprehended the new board would
not have much to show on those heads. The line was in
first-rate condition. The new board had retained the
services of the secretary of the old board, who was a
valuable officer and took a large interest in the welfare of
the company. They were, in fact, well ratisfied with all
the officers. With respect to the extension of their line
from Bandon to Bantry, Skibbereen, Clonakilty, and D un-
manway, that was a most important matter, and he hoped
they would be able to go to Parliament next session for
the amendment of their act to enable them to carry out
that extension. Preparations were being made for laying
down a telegraphic rope from Crookhaven to St. John's,
Newfoundland, from which place to New York the tele-
graphic rope had been laid. By establishing a packet
station in connection with the proposed extension the
voyage to America would be shortened considerably.
Mr. W. BUTLER thought the old shareholders could
not expect anything in the shape of dividend until the
ine was extended to Bantryand Skibbereen. He believed
that the proposed guarantee by the baronies of 4 per
cent. on a cost of 6,0001. per mile would be merely no-
minal, as had been the case with other guarantees of a
similar description. He had no doubt that when the ex-
tension was completed the traffic on the old line from
Cork to Bandon would be greatly increased, and that it
would become remunerative. He also thought that their
undertaking might be considered as a continuation of the
Great Southern and Western Railway, and that the latter
ompany might fairly be asked to take up a portion of the
new stock required for the extension line to the west.
Mr. GREHAN seconded the motion for the adoption of
repoe, which was unanimously adopted.
On the motion of the CHAIRMAN, a dividend at the
rate of 4 per rent. per annum for the half-year ending
the 30th of June was declared payable on the No. 1 pre-
ference shares on the Ist of Sept. next.
The CHAIRMAN explained that the holders of that stock
were entitled to a dividend at the rate of 5.4 per cent. per
annum, but with a view to relieve the company they had
consented to take 4 per cont. for two years. He was glad
to say that only 3,400 of the 30,000 new stock remained
undisposed of, anti he trusted it would soon be taken up.
Mr. GREHAN stated that the difference between the
company and Messrs. Fox, Henderson, and Co. bad
been settled in a most satisfactory manner.
Messrs. C. Copeland and M'Vey were appointed au-
ditors, and the proceedings concluded with a vote of
thanks to the chairman and directors.

MANCHESTER, SHEFFIELD, AND LINCOLN•

SHIRE.

The working expenses and other outgoings of this com-
pany's railways (exclnsiveofthe Manchester,South Junc-
tion, and Altrincham, stated below) have amounted in
the fortnight ending Aug. 10, to 8,7321.95. Bd, while the
corresponding period of 1855 amounted to 10,1851. 03.
6d. The total amount already stated for the first two
fortnights of the half-year, added to the 8,732/. 9s. Bd.
as above, makes a total expended of 26,216/. 18s. Gd., as
against 29,1121. 6s. for the corresponding three fortnights
of the previous year.
The proportion of the South Junction, &e., receipts
accruing to this company for the fortnight ending Aug.
10, amounts to 8661. 2s. 5d., as against 8551. 3s. 3d. for
the same period of 1855.
Thu total amount, as previously stated, for the first
two fortnights of the half-year, added to the 8661. 24. 51.
as above stated, makes a total to Aug. 10 of 2,5511. 154.
3d., as against 2,6551. 163. 4d, for the same period of
1855.

The proportion of South Junction, &c., working ex-
penses and °Chet:outgoings for the fortnight ending Aug.
10 is 4211. 19s. 4d.. while the corresponding period of
1855 amounted to 3731. 194. Bd.

The total amount already stated for the first two
fortnights of the half•year, added to the 4211. 19s. 4d.
as above, makes a total expenditure to August 10 of
1,2211. 15s. 3d., as against 1,1131. 134. Dd. for the cor-
responding three fortnights of the previous year.