The Sun.
London, England, 1867-02-28 00:00:00

KENT COAST.

The half-yearly general meeting of this company
was held yesterday at the Victoria station, Pimlico ;
Mr. R. B. Harvey, M.P., in the chair.
The report stated that the acc3unts showed that
the proportion of net receipts " attributed" by the
London, Chatham, and Dover Company to the
Kent Coast Company for the half-year was £28,863.
The ba:ance brought forward from the previous ac-
count aZr,er deducting the dividend on B stock, for
which the directors obtained in the first instance a
loan from the bankers of the company, was £932,
making a total sum of £29,795. After deducting
the general charges, and the debenture interest paid
for the six months, amounting to £21,941, equal to
a dividend of 3 per cant. on the preference and or-
dinary stock of the company. The directors stated
that they were unable to declare and pay these divi-
dends.

The CHAIRMAN, in moving the adoption of the
report, said he felt the utmost confidence that the
policy which the directors had adopted against the
dishonourable endeavours which had been made to
set aside the honourable engagement made with the
London, Chatham, and Dover Company would
meet with the unanimous approval of the share-
holders. The directors would do their very best to
establish the agreement with the Loudon, Chatham,
and Dover, and maintain their rights.

A very long discussion ensued, in the course of
which the relations between the Kent Coast and
London, Chatham, and Dover Companies were dis-
cussed, much personal matter was introduced, and
strong allegations were made as to the conduct
which it was alleged the latter company had pursued
towards the former. The legal claims of the Kent
Coast Company against the London, Chatham,
and Dover were also fully discussed, and the feel-
ing of the shareholders was to support the directors
any measure they might be advised to take
for the purpose of compelling the London,
Chatham, and Dover Company to satisfy the bona
fide claims of the Kent Coast Company.
Aff amendment was proposed, but after explana-
tions by the chairman it was withdrawn, and the re-
port was adopted.
The retiring directors and auditor were re-elected,
and a vote of thanks to the chairman closed the pro-
ceedings.

HAMMERSMITH AND CITY.

The half-yearly meeting of the proprietors in the

Hammersmith and City Railway was held at the
offices, in the Great Western Station, Paddington,
yesterday, under the presidency of Lieutenant-
Colonel Warde.

The report presented stated that the deed of
transfer of the undertaking to the Great Western
and Aletropolitan Companies had not yet been
completed ; but they hoped that with the desire
which exists on the part of all three companies to
carry out the object the transfer will be effected
in a very short time. There had been a steady in-
crease in the traffic,. as the gross receipts for the
period reported on had been £23,873, as compared
with £15,774 in the corresponding period of 1865.

The CHAIRMAN, 111 moving the adoption of the
report, said that document contained all the infor-
mation which the board could afford the proprietors.
The motion having been seconded,
Mr. AVURTUR considered it a thousand pities that
so much trouble should be taken as to call a meet-
ing of the shareholders, and compel their attendance.
He thought a very great deal of time had been wasted,
and that the agreement ought to have been com-
pleted long since.
The CHAIRMAN said, in reply, that the heads of
the draft agreement had been considered and adopted,
but there were certain details as between this and
the Great Western and Metropolitan which the so-
licitors deemed it prudent to have settled. The Ham-
mersmith and City were not only suite willing, but
actually anxious that the whole matters should be
settled.

The report was adopted nem. dis.
A. dividend of £5 2s. Gd. per cent upon the origi•
nal stock, and of 5 per cent. upon the first and se.
coed issues of stock, was declared ; and the usua
routine business having been transacted, the pro-
ceedings terminated.