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

LONDON, BRIGHTON, AND SOUTH-
COAST RAILWAY,

HALF-YEARLY MEETING—(THIS DAY).
The ordinary half-yearly meeting of the share-
holders in this undertaking was held this day al
the B ridge-house Hotel.
LEO SCHUSTER, Esq., chairman of the board of
directors, presided.
The directors report, which has already appeared
in 71ie 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 he proceeded to notice the
completion of the purchase of the West End of
London and Crystal Palace Railway, which,
he said, would afford the residents in the
vicinity the best accommodation, and must fulfil
all the advantages that had been contemplated.
With respect to the West-end Extension, as it was
called, that would shortly be commenced, as the
whole of the surveys 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 preparations for authorising them
to make a short line from Pulborough to
Ford. The residents in that vicinity had now
for some time Veen 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
Littlehampton, 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-
plete& 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 1859 towards the extinction
of that account, being £33,000in 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 the directors proposed
the payment of a dividend of 3, per cent. for the j
half-year amounting to £161,649, leaving a ba-
lance tolhe 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. HERAPATH—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 P
t. The CHAlRMAN—Perfectly. (Hear, hear.)
After a. —I--
payment of the dividend mentioned in the report,
and the reelection of the retiring directors, Messrs.
Coningham and Lawrie, was unanimously agreed to.
A vote of thanks to the chairman terminated the
proceedings.

Till HI) EDITION .

SUN OFFICE, &v®n o'clock,

IMPERIAL PARLIAMEN r

HOUSE OF LORDS--(Trus EVENING).
The LORD CHANCELLOR took his soat on the woolsack
at five o'clock.
Viscount DUNGANNON gave notice that on Friday,
the 3d of February, he should call the attention of the
house to the services that were performed in Sadlers' Wells
and other theatres by clergymen of the Church of Eng-
land, and that he should move that such proceedings were
injurious to the dignity of the Established Church.
ENDOWED SCHOOLS.
Lord CRANWORTH introduced a bill to remedy the evil
complained of last session, as to the inability of Protestant
dissenters to become trustees of endowed schools.
CHURCH RATES.
The Duke of MARLBOROUGH presented several pe-
titions for the better regulation of church rates.
MARRIAGE WITH A DECEASED WIFE'S
SISTER.
Earl ST. GERMANS presented several petitions from
places in Cornwall in favour of legalising the marriage with
a deceased wife's sister.

THE MUTINY IN INDIA.
The Earl of ELLENBOROUGH. begged to ask the
question of which he had given notice relative to the distri-
bution of booty taken during the mutiny in India ?
The Duke of ARGYLL said the question had been
raised last session, and the proposal of the Governor-Gene-
ral had been adopted. That proposal was to the effect
that all property captured during the suppression
of the mutiny should be distributed amongst the army,
with this reservation, that all property taken from parties
who could prove their loyalty should be deducted from
such prize money. The Government had not yet been able
to compute the amount to be so distributed, which, as the
house might suppose, was a work of some difficulty.
The Earl of ELLENBOROUGYI did not see the neces-
sity of waiting for the computation of the amount. He
thought it a great hardship that the captors should be kept
from the possession of their prize money for so long a
period. _