The Sun.
London, England, 1860-06-06 00:00:00

7'1111; IV AV .

The Volcano, paddle (late floating steam factory),
has been placed in No. 4 dock, et Portsmouth, for
•
examination and repairs.
The Royal yacht Fairy has taken out her masts,
and is having her decks caulked and payed prepa-
ratory to being placed in dock for her annual em-
bellishment, &c.
The Minx, iron screw water tank, for tho use of
the fleet at Portland, has been berthed alongside
the north wall of the steam basin at Portsmouth,
preparatory to being placed in dock to make good
defects.

The Firebrand, 6, paddle, Commander J. M.
Bruce, sailed from Portsmouth yesterday for the
westward.

The Princess Royal, 91, screw, was undocked
from No. 2 dock yesterday at Pm timouth, on the
completion of repairs to her stern and quarters; and
the Harrier, 17, screw, was afterwards placed in
the same dock for overhaul and repair. The
Vigilant, 6, screw despatch vessel, was also un-
docked the same tide from No. 5 dock, on the com-
pletion of her repairs, and the Coquette, 4, screw,
was afterwards placed in the dock for examination
and repairs.
The Hornet, 17, screw, in No. 1 dock at Ports-
mouth, has hands from the steam factory at work
upon her extra hours, to complete her repairs.
The Cormorant, 4, screwEsteam gun-vessel, was
towed from Chatham to Sheerness by the Adder
steam-tug yesterday, to coal, preparatory to a trial
of her nit- chinery.
Her Majesty's ship Edgar, 91, Capt. Katon,bear-
ing the flag of Rear-Admiral Erskine, passed the
Downs yesterday to join the Channel squadron at
Leith.

RAIL IPA 1 INTELLIGENCE.

NORTH LONDON.

A special general meeting of this company. was
held yesterday at the Euston station, Mr. R. D.
Mangles in the chair.
Mr. Chubb, the secretary, read the notice con-
vening the meeting to consider the question of ex-
ercising the powers conferred upon the company
in their Additional Capital Act, 1860.
The CHAIRMAN explained that the Act authorised
the company to raise £150,000 additional share
capital, by 15,000 shares of £lO each, and to in-
crease the debenture bond debt by £50,000. The
shareholders were aware that the company had,
from time to time, raised temporary loans, the in-
terest on which had been borne by the revenue
account. The loans amounted to £BO,OOO. The
further sum of £25,000 was required to purchase
additional engines and rolling stock. The direc-
tors proposed to issue the whole of the new shares,
limiting the present calls thereon to £5 per sbare,
which, with the borrowing power, would furnish
an amount sufficient to meet all existing wants.
Each shareholder would be entitled to three of the
new shares at par for every £2OO stock. The pro-
posed measure would not add much to the com-
pany's expenditure, as the money to be raised would
go to pay off money that had been borrowed on
their property; and thus leave their rents free. The
portion of money to be applied to the purchase of
additional engines and carriages was to meet the
requirements of increased traffic.
) A formal resolution authorizing the directors to
raise the additional capital was agreed to unani-
mously ; and,
On the motion of Captain PORTER, a vote of
thanks to the chairman and directors closed the
proceedings.

BELFAST AND NORTHERN COUNTIES.
The half-yearly meeting of this company was
held on Thursday at Belfast, Mr. R. Orimshaw in
the chair.

On the motion of the CHAIRMAN, the report was
adopted, and a dividend at the rate of 1 per cent.
per annum, less income-tax, was declared payable
on the 14th of June.

The Rev. Mr. BLAND proposed that a sum not
exceeding £ll4 be placed at the disposal of the
directors for their services during the past half-
year.
Mr. WALKINGTON seconded the motion, and it
was agreed to.
Mr. LANYON, the company's engineer, stated that
a committee of the directors had recently gone over
the line with him.; and he had recommended several
improvements to stations along the line, including
the erection of two stations, the whole cost of which
would be £3,570. At the Belfast station it was
absolutely necessary to erect new engine sheds and
new workshops, and to obtain new tools, the total
cost of which would be £4,600, making the total
estimated amount £8,170.

Mr. CRAMSIE objected to an, outlay on works
which he thought might be postponed, so long as
they were only paying 4 per cent. to the share-
holders.

The CHAIRMAN believed that the proposed im-
provements would increase the dividend instead of
diminishing it.
A vote of thanks to the chairman concluded the
proceedings.

COUNTRY MARKETS.

LEEDS-JUNE 5.

Fine fresh new wheats must be quoted fully is per qr.
dearer than last Tuesday, but the demand for old is limited,
at is per quarter advance. Oats and beans in favour of the
seller.