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

NE.

BER.

- _
:Newmarket 2d October 7
ICheltenham ll
Newmarket lioughton
,MBE
ILeamington Hunt

STEEPLECHASE FIXTURES FOR 1867.
MARCH.
Liverpool Spring
Croydon Spring
Grand Military
Chertsey
Malton .• 13
AP tIL.
..._

York
17 I Kildare Hunt
Se venoaks

THE NEW LORD PRESIDENT OF THE COURT OF
SEssms.--On Tuesday morning the Right Ron. J. Inglis
was sworn in as Lord Justice Ganeral of Scotland and
Lard President of the Court of Session, in the room of
Baron Cu'unsay, Who has just been raised to the peerage,

It AILWAY IN TELLIGENCE.

GREAT WESTERN.

It appears that the net balance as shown by the
accounts of this company available for dividend for
the six months ending Jan. 31st last is £122,000,
admitting of the payment at the rate of 1 per cent.
per annum on Great Western original ordinary
stock ; at the rate of ss. per cent. per annum on the
West Midland (Oxford) stock; at the rate of is. 6d.
-.per cent: per annum on the West Midland (New-
port) stock; at the rate of £3 ss. per cent. per annum
on the Soutli Wales ordinary stock ; and at the rate
of 5 per cent. per annum on the Vale of Neath ordi-
nary stock, carry iog forward a balance of about
121,Q00.

(;-11I; WESTELIN AND IMENTFORD.

The half-yearly meeting of this company was held
yesterday at the offices, Victoria-street, Westmin-
ster ; Mr. I'. Davey in the chair.

Mr. Eley, the secretary, read the report, which
stated that during the half-year a further increase
in the coal trade had taken place, the tonnage for
the last half-year showing an increase of 29,000•
tons, as compared with the corresponding period of
1865. At the same time the trade in general goods
had diminished from 53,315 tons in the half-year
ending December, 1865, to 49,495 tons in the past
half-year. Debentures to a comparatively small
amount would fall due during the current half-year,
and the directors invited the shareholders to take
them up, since the rental guaranteed by the Great
Western Railway Company rendered them a first-
class security. The net revenue admitted of the
payment of the preference dividends, together with
one at the rate of 2/ per cent. per annum on the
ordinary share capital. The directors and company
had to lament the decease of Mr. H. G. Day, for
many years the deputy chairman of the company.
The CIIAIRMAN, in moving the adoption of the
report, referred with satisfaction to the increase of
the coal traffic. This trade from South Wales to
London was now almost exclusively carried by rail,
and was rapidly increasing. Indeed, owing to the
facilities of transit, Welsh steam coals were now
very little higher in price than the North country
steam coals, and were, in fact, more economical, as
it was computed that 100 tons of Welsh coals would
raise as much steam as 115 tons of Northern coal.
In addition they possessed the great advantage of
not producing smoke, which enabled them to be
used in situations where steam engines could not
otherwise be erected. With regard to the deben-
tures he stated that they had a minimum guaran-
teed income for 99 years of upwards of £6,000, be-
sides the tollage upon stones, coal, &c., and had only
about £5"),000 of debentures, the interest of which
was the first charge on the guaranteed income. The
chairman also alluded to the loss sustained by the
death of their valued colleague, Mr. Day.
Mr. POOLE seconded the motion for the adoption
of the renort.

The Secretary stated that the annual amount
chargeable to the Great Western had gone on gra-
dually increasing from £6,343 in 1860 to £9,055 last
year. The debentureinterest only amounted to about
£2,700 a-year, and was really a first charge on the
£9,000.

The report was unanimously agreed to, the divi-
dends were declared, the retiring directors re-elected,
Mr. H. Browse was elected a director in the place
of the late Mr. Day, and the proceedings concluded
with a vote of thanks to the chairman and directors
for their exertions in behalf of the company.