The Sun.
London, England, 1858-09-02 00:00:00

HALF-YEARLY MEETING-THIS DAY.

The ordinary half-yearly meeting of the pro-
prietors of the South-Eastern Railway was held
this day at two o'clock, at the Bridge-house Hotel,
Southwark.

The report having been taken as read,
The CHAIRMAN rose to move that it be received
and adopted. In the course of his remarks, he
stated that there had been a decrease in the total
receipts, notwithstanding the increased number of
passengers of each class conveyed upon the railway
during the past half-year. This decrease was ac-
counted for by the falling off in continental pas-
sengers, the receipts for London, Dover, and Folke-
stone traffic being less by £9,367 than in the cor-
responding period of last half-year, and the receipts
by the company's steamers between Dover and Calais,
and Folkestone and Boulogne, being less by £5,769
during the same period. This falling off in the con-
tinental traffic was attributable partly to the com-
mercial depression of the past season, and partly to
the increased stringency with which 'the French
passport regulations were enforced about the
beginning of the present year. Measures had,
however, been recently adopted, both by the Eng-
lish and French Governments, calculated greatly to
facilitate the intercourse between the two countries.
By an Act of the British Legislature recently
passed the price of the Foreign-office passport had
been reduced from 6s. to 25., with increased facili-
ties to obtain them. The French Government had
also sanctioned excursionist passengers landing at
the French ports ,on certificates issued by the
South-Eastern Company, without occasioning any
inconvenience or expense to the public. Notwith-
standing this decrease in the receipts, the directors
were gratified to find that the elasticity of the local
traffic had been such as on the whole to maintain
satisfactorily the aggregate of the revenue deriv-
able from passengers. A decided tendency to a
general revival in the traffic of the railway had
been manifested during the last few weeks, which
may well inspire the shareholders with confidence
as to future prospects. The total outlay on capi-
fal account during the half-year amounted to
£24,627, less £8,325 received .from the sale of sur-
plus lands. The principal items of expenditure had
been incurred in enlarging and rebuilding the
stations so much required at Redhill Junction and
at Margate, and in completing those on the Strood
and Maidstone branch. The outlay on those works
had received the sanction of the proprietors. In conse-
quence of the short supply of carrying stock, re-
ported by the general manager as inadequate
for the proper conduct of the merchandise traffic,
it had been found necessary to enter into a contract
for 250 goods waggons at a total cost of £19,500,
or £10,112 in excess of the sum authorized by the
proprietors to be expended for such purpose at their
meeting of the 7th of September, 1854. He felt
gratified in stating that the competition between
this company and the Great Western and South-
Western Companies for the London and Reading
traffic had been brought to a close, and that an
agreement had been entered into on the basis of
equal rates being charged by the three companies,
and the total receipts being divided among them in
proportions agreed upon. The directors had also
concluded an amicable agreement with the South-
Western Company for the avoidance of all compe-
tition with them at stations on the line of the Read-
ing and Reigate Railway, from which it was anti-
cipated that mutual advantages would be derived
by both companies.
The gross receipts on revenue account during the
half-year ending the 31st of July last amounted to
£495,102 (including £20,341 from steamboat
traffic), being a decrease of £7,421 as compared with
the corresponding half year of 1857. The ordinary
working expenses during the half-year amounted
to £190,620 (being a decrease of £6,389 on the cor-
responding period of 1857) ; the rates, taxes, tolls,
and Government duty to £34,031 ; and the working
of the steampacket service to £14,970. After pro-
viding for the fixed charges in respect of rents, in-
terest, annuities, preference dividends, &c., there
remained a net balance of £112,660 available for
dividend on the ordinary consolidated stock of the
company. A dividend of 9s. per £3O stock, or at
the rate of £3 per cent. per annum, would absorb
a sum of 111,605, leaving a balance to be carried
forward of £1,154, and the directors thought that
a dividend of that amount might safely be declared.
The, motion was after a short discussion agreed
to, and the proceedings terminated with the usual
vote of thanks to the chairman and directors.

RAILWAY INTBLLIGEN CB.

WELLS AND FAKENHAM.

The half-yearly meeting of this company was
held on Tuesday afternoon, at Fakenham, Norfolk;
Mr. H. W. Keary in the chair.
The statement of capital account showed that
£88,208 had been received, and £82,688 expended.
The general balance-sheet, however, stated that
£6,464 still remained due for engineering and law
charges, land, &c. The revenue account showed
that the receipts from traffic during the six months
ending the 30th of June had been £1,656, while the
expenditure, including interest on mortgage bonds
(615) had been £1,774.

On the motion of the chairman, the report and
accounts were adopted, and the proceedings closed
in the usual manner.

COLEFORD, MONMOUTH, USK, AND
PONTYPOOL.

The ordinary half-yearly meeting of the share-
holders was held at Usk yesterday ; Mr. Crawshay
Bailey, M.P., chairman of the board of directors
presiding.
The Secretary, Mr. Waddington, read the re-
port, when the chairman said that at present they
would pay no dividend. Still, enough had been
earned to pay the debenture interest, and to leave
a small balance. From the day of opening, the
12th of October in the last year, to the 30th of
June, 1858, 170,000 passengers had availed them-
selves of the line, the receipts having been £2,322,
and altogether with minerals, &c., £3,280. In
every particular the receipts were increasing, and
he had no doubt that on reaching the Forest of
Dean the minerals to be conveyed thence along the
railway to Monmouthshire and South Wales would
render the line uncommonly remunerative.

The report was adopted, and votes of thanks to
the chairman and directors closed the proceedings.

DISSOLUTION OF THE SHEFFILD, RO-
THERHAM, BARNSLEY, WAKEFIELD,
HUDDERSFIELD, AND GOOLE.

Tuesday afternoon, at
this company was
cruPierftliße.
The half-yearly ohrdelindary and special meeting of
the u
niS t aof fobtr, d Arms
fw_oo
dhHeoutesloe,,n WDaarfikeetil,d
o;
of the which
i t
chair.
appeared Tlitehasetctrheis `vastaryretandetlhaestrempeoet frgo
com-
pany, it being dissolved under the Act of Parliament
b
vestingsliire thisßailwa railway and works in the Lancashire
aord y Company. This Act of fy orh
Par-
liament received the Royal assent Aug. 2,1858. By
section 6 it is provided that from the passing of the
act, and upon the execution of the conveyance
therein referred to, the above company's railway and
works become vested in the Lancashire and Yorkshire
Railway, Company, who thereby exercise and enjoy
all the rights and privileges appertaining to the
company, and become responsible for all its engage-
ments and liabilities. By section 7 of the act " the
Lancashire and Yorkshire Company are directed to
create stock to the amount of £260,050, bearing a
dividend of £5 3s. 10d. per cent. per annum, to be
designated the Lancashire and Yorkshire (Barns-
ley Railway) Stock, to vest in the persons
who on the 2d day of August, 1858, were
the holders of the existing 14,000 shares of this
company." The right to dividend upon such
stock commenced on the Ist of July, 1858; and
the first payment to be made at the same time as
that at which the dividend, declared at the first
half-yearly meeting of the Lancashire and York-
shire Company in the year 1857, shall be paid. At
the conclusion of the ordinary business of the meet-
ing a resolution was proposed by the chairman,
authorising the execution of the deed of convey-
ance, by affixing thereto the common seal of the
company." The resolution was carried and the
seal affixed. The company was then declared dis-
solved. The statement of accounts already sub-
mitted to the shareholders showed a balance to
the credit of capital of £686 Os. ld, on the 30th

of June last. Since that date the directors have
paid all outstanding accounts, including Parlia-
mentary and other expenses incidental to the
passing of the act, amounting to £355 2s. 10d.
This left a sum of £330 17s. 3d.—On the motion
of Mr. Scott this sum was voted to the directors
for their services, of which Mr. Scott spoke in the
most complimentary terms. The Chairman, iR
conclusion, said, in now retiring from the duties
which the directors had carried on for upwards of
13 years, they desired to congratulate the share-
holders upon what they could not but consider the
very favourable position in which they had been
fortunate enough to be able to place the property,
namely,- by securing for it a parliamentary right
to a perpetual guaranteed dividend at a rate Eo
much superior to that ordinarily earned by railway
enterprise.

Voles of thanks to the chairman, the secretary,
and the solicitors to the company, concluded the
proceedings.

SPORTING INTELLIGENCE.

DERBY SUMMER MEETING.-WEDNESDAY.

The Maiden Plate of 30 sovs., added to a Sweepstakes of
sovs. each, for three-year-olds and upwards. One mile.

• 8 subs.
Mr. Blanton's Sly Fellow' 5 yrs,Bst 101 b (French) 1
Mr. Moreton's Wanderer, 3 yrs, 7st 41b (Fordham) 2
Mr. Bates's Lazy Lass, 4 yrs, 7st 101 b (Snowden) 3

The following also ran :—Little Red Rover, Lady ito-
hellion, Job, and Br. to Pumicestone.
Betting-6 to 4 egst Sly Fellow, sto 1 each agst Little
Red Rover and Wanderer, and 8 to 1 agst any other. Well
by a neck; a head between the second and third; two
lengths between the third and fourth.

The Chesterfield Stakes of 50 soya, added to a Sweepstakes
of 10 soya each, h ft, for two-year-olds—colts, Bst 101 b ;
fillies and geldings, Bst 71b; allowances and penalties;
the second to save his stake. Three quarters of a mile.

18 subs.
Mr. T. Parr's Gaspard, Bst 101 b (Fordham) 1
Mr. Craven's Newcastle, Bst 31b (French) 2
Mr. J. Bates's Raspberry, Bst 121 b (inc. 101 b extra)
(J. Osborne) 3
The following also ran :—La Fiancee colt, Castaside filly,
Independence, and Spratton.
Betting—Even on the Castaside filly, 5 to 2 agst New-
castle, and 4 to 1 agst Gaspard. Won by a head; two
lengths between the second and third; bad fourth. The
favourite was fifth, Stratton sixth, and Independence last.
The favourite was forced on the wrong side of a post soon
after starting.
The Tradesmen's Plate of 100 sovs, added to a Handicap
Sweepstakes of 15 sovs each, 10 ft, and 6 only if declared,
&c. ; winners extra ; the second to save his stake. Two

miles.
Mr. T. Parr's Odd Trick, by Sleight-of-Hand, 4 yrs,
7st 81b (Fordham) t
Mr. J. Osborne's Honeytree, 3 yrs, Sat 21b (inc. 41b ex.)
(Grimahaw) t 2
Mr. Copeland's Thornhill, 3 yrs, sst 51b..(Challoner) 3

Betting-5 to 4on Odd Trick, sto 2 agst Thornhill, and
4to 1 agst Honeytree. Odd Trick and Honeytree ran head
and head from the distance, the result being a dead heat;
Thornhill finished two lengths from them.
DECIDING HEAT.—Betting-5 to 4on Odd Trick. Odd
Trick waited until opposite the Stand, when he challenged
and won a good race in by a neck.

The Derwent Stakes of 30 sous, added to a Sweepstakes of
5 sous each, for two-yr-olds and upwards ; optional sell-
ing weights, &c. About three-quarters of a mile.
subs.
Mr. T. Cliff's Nougat, by.,Sweatmeat, 4 yrs, 7st 81b, £2O
(Snowden) 1
Mr. Jones's The Deer, 2 yrs, sst, £2O (Edwards) 2
Mr. Smith's Miss Partridge, 2 yrs, sst, £2O (Lawrence) 3
Betting-7 to 4on The Deer and 3to 1 each agat the
others. Won by a head ; three lengths between the second
and third. The winner was bought in for 21 guineas.
The Members' Plate for two-year-olds (Handicap) of 5

sovs each, 2 ft, with 40 added; winners extra. - About
three-quarters of a mile. 18 subs.
Mr. Craven's Newcastle, 7st 121 b (French) 1
Mr. W. S. Crawfurd's Helia, 7st (Bottom) 2
Mr. W. S. Halford's Marmalade, 6st 81b (Madden) 3

The following also ran :—Cripplegate, Sir Isaac, Yellow
Rose, Partridge, Lady Lambton filly, and Blemish's dam,
filly.

Betting-5 to 2 agst Newcastle, 3to 1 agst Helia, sto
1 agst Cripplegate, and 10 to 1 agst any other. Won easilY
by a neck ; a length between the second and third ; tic°
lenghts between the third and fourth.

LICHFIELD RACES,--TUESDAY.
ADDITIONAL PARTICULARS.

The Gold Cup of 50 soya in specie, added to a Sweepstakes
of 5 sovs each, 3 ft; winners extra. One mile. 12 subs.
Mr. Stevens's Apollo, 3 yrs, Est 71b (Roberts) 1
Mr. Hopwood's Jack Spring, 4 yrs, 7st 81b.. (Cresswell) 2
Mr. Wilson's Captain Wedderburn, 3 yrs, Est 101 b
(Challoner) 3
The following also ran :—Spider, Joan of Arc, and
Pyrrhus the Second.

Betting-2 to 1 agst Captain Wedderbuni, 3to 1 each,
agst Joan of Arc and Jack Spring, 7 to 2 agst Apollo.
Won by a head; the same distance between the second and
third; Spicier was a bad fourth.

The Nursery Handicap of 5 soya each, with 30 added ; win!.

ners extra. Three-quarters of a mile. 4 subs.

Major Houston's Broadbrim, 7st (Cresswell
Mr. Copeland's Cripplegate, 7st 51b
Mr. T. Wadlow's The Dame, 7st 61b
Mr. Jones' The Deer, 6st 91b .
The betting opened at 3tol on Cripplega. WbUwaltdcteelnorsed. 32
at 2 to 1 on her, 3 to 1 agst The Deer, 5 to 1 agst Broad"
brim. The Deer took the lead at the distance, and came
first by half a length ; the second beating the third by 4
neck ; the Dane a very bad fourth. On returning to sale
an objection was made by Cresswell to The Deer on the
ground of a cross. The stewards, after hearing evidenC4
awarded the stakes to Broadbrim.

The City Plate Handicap of 3 sovs each, with 25 added ;
the winner to be sold for £4O Half a mile. 4 subs.
Mr. Peter's Leukothea, by Goliah, 3 yrs, Bsteacock) 1
Mr. Flintoff's Echo, 4 yrs, Bst 21b . (Fo(Prdliam)
Mr..J. Osborne's Spider, 3 yrs, 7st 121 b (Challoner)
Betting—Even on Spider, 7 to 4 agst Echo, 3to 1 agst
Leukothea. Won easily by a length, same distance between
the second and third. The winner was bought in for 50
guineas.