The Sun.
London, England, 1860-02-28 00:00:00

TAFF VALE.
The half-yearly meeting of this company was
held at Bristol on Tuesday—Mr. J. Poole in the
ehair.

The report stated that out of the balance of work-
ing the directors were enabled to declare a dividend
at the rate of 8 per cent, per annum for the half-
year ending on the 31st of December last on the
ordinary stock and shares of the company, payable
on the 7th of March. The sum of £1,500, instead
of £750, was placed to the credit of the deprecia.
tion fund. The new line for avoiding the curve of
the Aberdare line had been opened for traffic. The
viaduct at Pontypridd was completed.
The report was adopted, and a dividend at the
rate of 8 per cent. per annum was declared.

BOSTON, SLEAFORD, AND MIDLAND
COUNTIES.

The half-yearly meeting of this company was
held yesterday at the Ruston Hotel, Mr. H.
Ingram, M.P., m the chair.
The CularnmAN, in moving the adoption •f the
report, expressed his disappointment at the result
of the workin.r; he thought, however, there was a
probability of having an export trade in coals with
France, and a gradual increase in the traffic re-
ceipts.
In reply to questions, it was stated that the Great
Northern Railway Company worked the line for
50 per cent. of the gross receipts, paying all rates
and taxes, and maintaining the line'
handing
over
the other 50 per cent, to the company, Thediree-
tor4 had expended £lO,OOO
oie than they re-
ceived, but the calls in arrear amounted. to £6,000,
and when paid would reduce the deficiency to
£4,000.
Resolutions were passed adopting the report, de-
claring the dividend of 3s. 3d. per share, re-electing
the retiring directors and auditor, and voting
thanks to the chairman.

NORTH AND SOUTH-WESTERN JUNCTION.
At the half-yearly meeting of this company,
held yesterday at the Euston-square station, Mr.
H. Tootal in the chair ; resolutions were passed
adopting the report, declaring a dividend at the
rate of 41 per cent. per annum for the past half-
year, re-electing Mr. Creed and Mr. Hill the retir-
ing directors, and also Mr. Cobb, the retiring
auditor.

EXETER AND EXMOUTH.
The half-yearly meeting of this company was
held at Exmouth on Saturday—Mr. J. H. W. Ayles-
bury, the chairman, presided.
The report of the directors stated that a consi-
derable amount had been expended for land, works,
&c., and all Olarges on the company for preliminary
expenses had been liqu;dated. The present balance
in favour of the company was £1,788. The direc-
tors proposed at once to raise £16,000 on deben-
tures of five years' years date, at a reasonable rate
of interest, and were prepared to accept sums of
not less than £lOO on the security referred to.
The report of Mr. Errington, the engineer, stated
that about one mile of permanent way been laid,
and he believed that, with due diligence on the part
of the contractor, the line would be opened in the
summer simultaneously with the Topsham branch
of the L'wdon and South-Western ltillway.
The CHAIRMAN, in moving the adoption of the
report, congratulated the shareholders on the satis-
factory position of the company, and stated that he
had received assurances from the contractor to the
effect that the line would be ready for traffic on the
Ist of July next.
Mr. G..DOWN seconded the motion, and it was
carried unanimously.

The retiring directors were reelected, and the
proceedings concluded with a vote of thanks to the
chairman.

MANCHESTER, SHEFFI ELD, AND LIN-
COLNSHIRE.
The total expenses of this company's railways