The Sun.
London, England, 1858-09-01 00:00:00

RIIYMNEY.

The half-yearly meeting of the proprietors of this com-
pany was yesterday held at 28, Great George-street, West-
minster—Mr. John Foyle in the chair. The following is an
ahridgement of the report for the half-year ending 30th
June:—

" The line from Cardiff to Rhymney was opened for the
carriage of minerals on the 25th February, and for passen-
gers on the 31st March last, but in consequence of the great ,
depression of trade, and the circumstance that none of the
coal proprietors have matured their arrangetnents for send-
ing
their coal to the Port of Cardiff; the coal traffic on the
line cannot at present be said to exist. The revenue has
been derived almost exelo-ivelv fr,te passengers, general
goods, and iron, and indicates to a limited extent only the
resources :of the undertaking. No final arrangemenregardt has
been made with the Taff Vale Railway Company
to the tolls to be charged by them for the traffic passing over
their line. The sum to be deducted on that account to the
30th June last may be estimated at £BOO. The board re-
commend that the balance on revenue account of £2,386
2s. 9d. shall be carried to the credit of the current half-year.
No difficulty has been experienced in conducting the traffic
with regularity and efficiency. The passenger and general
goods traffic will prove a more important source of revenue
than was anticipated, and there is a steady increase in the
number of through pat.sengers and in the amount of
goods traffic with the Midland Counties and the north.
The Rhymney Iron Company
have to a great extent com-
pleted arrangements for forwarding nearly the whole of
their traffic to Cardiff. When the trade improves and the
shipping arrangements at Cardiff are perfected, a large
revenue from the traffic in iron and iron ore may be reason-
ably anticipated. From strikes among the colliers, and
other causes, the coal trade has for a considerable time been
in a state of great depression. This has been felt at all the
coal ports, and particularly so at Newport and Cardiff. The
prospects of the trade, however, are now somewhat im-
proving. There are several collieries already connected
with the line, and others in a forward state, from which,
with an improved trade, a good traffic may be expected.
Additional siding accommodation is being provided at the
Croekherbtown Junction. The charge of Id. per ton made
by the Tvii.-Valc CmTaily in rcsprct of traffic
delivered by them at the Crockberbtown Junction, and
which the directors have hitherto paid under protest, has
materially impeded the development of the coal traffic over
the dock branch. The directors have been advised that the
Taff Vale Company have no authority to make this charge,
and they are taking active steps for having the question
decided. An agreement on favourable terms has been en-
tered into with the trustees of the Marquis of Bute, by
which very extended shipping accommodation on the west
side of the east dock will be afforded to this company."
The CHAIRMAN, in moving the adoption of the report,
said it was so full and explanatory that very few words
would be required from him. They could not fail to express
their gladness at the completion of their line, but that joy
was somewhat diminished by the fact that the general de-
pression of trade which had interfered with railway re-
tprne generally hAd Affected them more MA Any other