The Sun.
London, England, 1867-08-06 00:00:00

ISLE OF WIGHT.

The half-yearly general meeting of this company
was held yesterday at the offices, Great George-
street,Westminster—Mr. Simpson in the chair.
The report stated that the receipts for the last half
year from all sources had been £6,952, as against
£4,331, showing an increase in the receipts since the
opening of the last four miles and the completion of
the line to Ventnor of more than 62 per cent. over
the corresponding half-year of 1866. As the
most important part of the summer traffic 105
not included in the half-year to the 30th of June,
it was expected that the total receipts of the year
would show an increase of 70 per cent. The work-
ing expenses amounted to £3,670, and the net profit
of £2,767 had been appropriated in meeting press-
ing liabilities on capital account.
The CHAIRMAN having moved the adoption of the
report a discussion ensued, in the course of which
it was stated that the original capital of the com-
pany was £252,090, and that under the company's
new act of Parliament powers were taken to raise
additional capital to the amount of £50,000, which
would be ample to pay all the creditors of the com-
pany, and leave a sufficient surplus to carry on the
necessary works.
Mr. BEATTIE seconded the motion, which waa
carried.
the meeting was made special, and the directors
were empowered to issue new capital authorised by
the company's act of the present session, and to
issue debenture stock in lieu of debentures, and the
proceedings terminated.

GREAT SOUTHERN AND WESTERN.
The report of the directors states that the total
traffic receipts for the half-year ending June 30 last
amounted to £249,236, and for the same half Of
1866 to £221,988, showing an increase of £27,248.
The net surplus revenue for the half-year amounted
to £108,442, out of which the directors recom-
mended that a dividend at the rate of 5 per cent.
per annum be paid to the proprietors of the conso-
lidated stock of the company, which would leave a
balance of £5,743 for the next half-year. If the
receipts of the Cork, Youghal, and Queenstown line
be deducted from the returns, it would be found
that the actual gain on the Great Southern and
Western Railway for the past half-year amounted
in round numbers to £13,700. When the disturbed
state of the coutitry arising from the Fenian ot-
break was taken into consideration, the increased
traffic arising from goods and cattle must be con-
sidered exceedingly satisfactory, affording, as it did,
convincing proof of steady and progressive improve-
ment in the main elements of prosperity in the
country, not easily affected by exceptional circum-
stances. The decrease in passenger traffic Wag
such as might naturally have been expected.
The increased traffic in goods and cattle for the
last two years bad necessitated a large outlay en
~
rolling stock, and additional accommodation at
Kingsbridge, Inchicore, and other stations.
The capital account showed that £6,094,350 ac-
been expended, leaving a balance against the ;
count of £4,501. The revenue account showed that
£250,569 had been received, and £118,849 cc':
pended on working, Sze., and £38,428 for inter es,!
on loans and preference shares, leaving with £l5l-0
from last half-year an available surplus of £lOB,lV*

BELFAST AND NORTHERN COUNTIES.
The report of the directors of this company states
that the total receipts for the past six months
amounted to £58,542 ; for the corresponding 0
months of 1866 to £51,043 ; for the same months
of 1865 to £48,647 ; and for the same period ei
1864 to £43,619. They had paid for renewsb4
£6,831, £4,756, £4,172, and £2,946 respect
the dividends being at the rate of 5 per cent., 4 Per
The
cent., 34 per cent., and 3 per cent. per annum.
total amount from all sources in excess of the half-
year ending the 30th of June, 1866, was £71493,:.
The working expenses were necessarily higher, nc":
only from the advance in wages and increased Poe°
of coal and other materials, but from the larger puny
ber of extra miles run, and the severity a tile
weather during the earlier portion of the year, en'
tailing a considerable expenditure for engine-power;
labour, and materials, keeping the line open durin't
the snow storms in January and the subseqn!ll
rains in February. The permanent way and rollingt
stock had been maintained in good and efficien,
order. The balance of revenue account, after Pio
ing all charges, was £21,175. The dividend
cic);,,
preference shares would absorb £5,176, and on °r„ to
nary shares £13,947, leaving a balance of £2,05
the credit of the next half-year. The capital se°ll.
showed that £1,149,100 had been expended, 101,7;
a balance against the company of £98,604. The
revenue account for the half-year ending tile 3va
of June showed that £58,541 had been received, 3553
£33,620 expended on working and renewals, i7,.00,
for interest on loans and £l3B for rent of state
sr,
leaving, with £3,944 from the Preceding 1131" e
£21,175 available for dividends.
Ale I

ATLANTIC AND GREAT WESTERN'. for
The traffic receipts on this company's linc3 A
n
the second week in July amounted to g 95,8389
,8--s6,
for the corresponding week last year to 101
showing a decrease of $5,988.

---
LONDON TAVERN (LIIIITED)•
The directors of this company, in declaring
ad interim dividend at the rate of 6 per Cent' re:
annum for the half-year ending the 30th of June
deemed
last, informed the shareholders that they
d
prudent to limit the dividend warrants just issuet
to that amount until the expiration of the presen_f
year, assuring them that the respective profits et
the London Tavern and the Albion during the Pa%
six months had been equal to those of any Previ°,lo
corresponding period. They thought it desilaP
to
to retain in hand a large portion of those prow,- 4
meet the depreciation of goodwill, &c., at the e 0
of the year.