The Sun.
London, England, 1867-05-01 00:00:00

BODMIN.

The half-yearly meeting was held at Bothnia on
Saturday.
The CHAIRMAN (11r. Alms) stated that a bill had
passed the commiuee of the House of Lords which
gave the company two years longer for the purchase
of land three years longer for making the line. He
believed the only chance of Bodmin having a rail-
way was by the present scheme, as there was
good reason to believe that the action of the West-
ern Railway Shareholders' Association would stop
completely the extension of the narrow gauge from
Launceston westwards.
The report was unanimously adopted.

THE SOUTH WALES MINERAL. nagement.
A Wharncliffe meeting of this company was held 1 Mr. CAMPBELL, a director, seconded the motion
yesterday at the offices, Victoria-street, Westmin- I for the adoption of the report.
ster ; Mr. J. P. Barlow in the chair. After some further observations by Mr. Eames,
The solicitor read the heads of a bill to enable the Mr. Evans, Mr. G. Bidder, jun., Mr. Samuel, and
Llynvi Valley and Ogmore Railway Company to i Mr. Dickins, •
increase their capital. The CHAIRMAN replied that he considered it an
On the motion of the CHAIRMAN, the bill was advantage to bave all the calls on their shares paid
unanimously approved. I up. The calls which were due had been paid up,
The meeting was made special for the purpose of and the debentures were issued when money was
cancelling certain forfeited shares. A resolution dear, at 6 per cent. interest. The number of direc-
was passed empowering the directors to issue in lieu tors was 12, and they had £3,000 a year ; they re-
thereof 6 per cent. preference shares to the amount ceived for three years' services £B,OOO among the 12
of £6,730. men, and they were entitled to a percentage of
A vote of thanks to the chairman concluded the profits over and above paying 10 per cent. to
the shareholders. After the failure of the cable
proceedings.
of 1865 it became necessary to raise money for
the company, when ten names were put down for
£lO,OOO each, eight were directors, and the other
two were Mr. Cyrus Field and Mr. Bewley, of
Dublin. In carrying on the business of the com-
pany they managed to secure sufficient materials to
be independent of the market ; and it was not
wise to give too much information with regard to
the business they had in hand, as it might not he
to the advantage of the company.
Resolutions were passed adopting the report, and
declaring the dividend of 10 per cent. on the paid-
up capital, free of income tax, for the year 1866.
The meeting was then made special for the pur-
pose of considering the propriety of adopting a
provisional agreement for purchasing premises,
patents, and stock for the manufacture of tele-
graphic cables, and after some formal resolutions
the proceedings concluded with a vote of thanks to
the chairman and directors.

MANCHESTER, SHEFFIELD, AND LINCOLN-
SHIRE.
The total expenses of this company's railways and
canals, including rents, tolls, duty, &c., from the Ist
of January to 21st of April, 1867, amounted to
£161,425 as against £156,913 for the corresponding
period of 1866. The proportion of the South Junc-
tion receipts accruing to this compeny from the Ist
of January to the 216 t of April amounted to £11,005
as against £12,025 for the corresponding period of
1866, and the expenses to £6,220 as against £7,105.