The Sun.
London, England, 1860-09-01 00:00:00

Sir C. RONEY, the salary of the secretary was in-
RAILW AY INTELLIGENCE.
creased from £5OO to £BOO a-year.
GREAT WESTERN AND BRENTFORD. A vote of thanks to the chairman and director Th
The half-yearly meeting of this company was concluded the proceedings. inqui
held yesterday at the offices, Great George-street, -
Westminster-Mr. H. G. Day in the chair. BLACKBURN. able •
Mr. C. Eley, jun. (the secretary), read the report, The half-yearly meeting of this company was arrar
which stated that the traffic conveyed over the rail- held at Blackburn on Monday last, Mr. C. Parkin-
way daring the half-year ended June 30th amounted son in the chair. The business was quite of a for- avail
tish :
to a total of 58,555 tons. This result the directors mal character. The secretary (Mr. A. I. Robinson)
been
considered very satisfactory, for notwithstanding read the advertisement convening the meeting, and ri,l
the disadvantages incident to a newly-opened rail- thereafter a conversation took place respecting a `,'
way, there had been a large increase over the ton- circular which had been sent to the shareholders by _
.."
nage conveyed between Bull's-bridge and Brentford the Lancashire and Yorkshire, the purchasing com- Mus
compared with the corresponding period of last year, pany, intimating that the purchase-money of £l2 or w
and the fact of 29 additional stations upon w
the 10s. er share would be paid on the Ist of Januar mov
Great Western lines and other railways in connec- nextp, and that warrantswould of be issued e
tion with them having opened traffic with London for the interest The feeling of the , which woulshareholders seemed to be about 2s. 70. per Ponprof
via Brentford and the river since the commence- share.
ment of the year, clearly showed the importance of be that the interest as well as the purchase-money acci
the means of communication which this railway should be paid on the Ist of January, as that was vid(
had afforded, and confirmed the directors in their according to the terms of the purchas
exact e, but Mr.
tote
previously expressed opinion as to its ultimate Withers said that probably the amount of
value as an investment. The railway was opened interest could not be calculated till after the Ist of Bri
for passenger traffic on the Ist of May last. The January next. The secretary stated that there ~
directors recommended that the balance to the cre- would be another meeting held as soon as possible ing
sit of revenue, amounting to £2,382, be applied after the purchase money held
boon paid for the rat
to the payment of a dividend at the rate of 5 per purpose of winding up the company.
cent. per annum for the half-year upon the prefer- The directors' report was adopted, and the pro- „
ence shares, and that the balance (L 1,420) be car- ceedings closed with a vote of thanks to the chair- ' '
or
tied forward to the next half-year's account. With man. me
this balance and the increasing traffic the directors
looked forward with confidence to be enabled to WELLS AND FAKENHAM.
give a satisfactory dividend en the original shares The half-yearly meeting of this company was of
at tie close of the current half-year. held at Fakenham on Wednesday, Mr. H. W. sic
The CHAIRMAN, in moving the adoption of the Leary in the chair. an
report, congratulated the shareholders upon the The report stated that the receipts, as rendered ge
prospect which was opened before them. The di- by the Eastern Counties Company for the half-year, be
rectors would have been glad if they could have showed an increase of £289 over the corresponding la:
offered a dividend on the original shares; but the period of the previous year, hut the directors did m
delay and expense incidental to all new railways not accept the account as correctly showing the
had been so considerable that it was deemed pre- earnings of the line. The directors had not been
m
ferable to carry forward the balance to a future ac- able to effect any satisfactory arrangement with
count. He could not help saying that the directors the Eastern Counties for workingei the line, and wthe ere 11,1
felt greatly indebted to the shareholders for the good consequently unable to show in th
atience which they had shown in wait- past half-year any charge for working expenses ; g
feeling and p
ing so long for a return ipon their investments, the balance of revenue account (£1,079) was there-
t,
The company had had great difficulties to contend fore subject to deduction on that head. The direc- l
-with, all of which had been surmounted, and he was tors had made an application to the Norfolk Board t'
happy to say that their prospects were far brighter to take the necessary steps for carrying into effect
than they had been. The Great Western Company the agreement entered into by them with the pro- n
were expending a large sum of money in the im- moters of this company for working the line. c
provement and extension of the dock at Brentford, The CHAIRMAN, in moving the adoption of the re- I
which showed that they fully appreciated the value port, said the traffic on the line was progressively
of this line, and that they anticipated a still greater improving, and he had no hesitation in saying that
augmentation of traffic than that which had already had the undertaking been worked under the agree- t
taken place. It was proposed to lay down the nar- ment of 1854, and had it met with common fairness
row gauge between Reading and Brentford, which from the Eastern Counties, the directors wouldhave I
would be of incalculable advantage to this railway, been able to declare a small dividend. Unless some i
because it would place it in communication with better terms could be obtained, he thought the corn- 1
the whole of the broad and narrow gauge system pany had better follow the example of the Waveney
throughout the country, and must lead to a greatly Valley, and work the line themselves.
increased revenue. Another important fact was that Mr. BOLINGBROKE seconded the motion for the
the Metropolitan Railway was now in actual course adoption of the report, which was agreed to nem.
of construction. It was expected that that line, con.
commencing, as it did, in the very heart of the city The proceedings closed with the usual compli-
and passing through the northern part of the me- ment to the chairman.
tropolis, would cause an immense influx of passen- -
gem to Kew-gardens, and would thus swell the in- STRATFORD-ON-AVON.
come of this company. The half-yearly meeting was held on Wednes-
Mr, BAILEY seconded the motion, and it was day, Mr. P. H. Munton in the chair.
carried unanimously. The report of the directors expressed regret that
On the motion that a dividend of ss. per share, the railway had not been opened for traffic, but re-
being at the rate of £5 per cent. per annum, be deferred to the severity of the weather last winter as
dared upon the preference shares of the company having been the cause of retarding the progress
for the half-year, payable on the 15th September, of the works. The Government inspector had passed
Mr. MOATES inquired what was the total amount over the line, and there was no doubt of its being
of the liabilities of the company, He apprehended opened within a short period ; and the directors
that it was still rather heavy. would exert themselves to forward that object.
The SECRETARY said that their liabilities at the Communications had passed between the chairman
present moment amounted to £27,519, in addition of this company and the chairman of the West Mid-
to which there would be some £6,000 or £B,OOO to land, ; which the directors trusted which result
pay for land, which was still standing over. He in the junction of the two lines at Stratford-on-
believed they would complete the whole and close Avon being completed.
the capital account at £210,000. The CHAIRMAN moved the adoption of the report,
It was unanimously resolved, on the motion of which, after a brief discussion, was carried.
Mr. MoATEs, seconded by Mr. J. BLAKE- --
" That, with a view to clear off the liabilities of the corn- TRAFFIC RETURNS FOR THE WEEK.
pany, the directors be requested to consider the propriety of
issuing shares to the extent of £25,000, bearing a preferen- Miles Opened. Receipts.
teal interest not exceeding 5 per cent. per annum.": _A.-,
Railways.
lIA vote of thanks to the chairman and directors 1800. 1859. 1860. 1859.
--
closed the proceedings. ------ --_ x
£
Belfast and N. Counties 65 65 1,335 1,319
LONDON, CHATHAM, AND DOVER. Belfast and County DOWII 20 20 618 565
The half-yearly meeting of this company was Birkd., Lane., & Ches. June 3296 32 2,974 2,998
hlyth and Tyne 2O 2,022 1,256
held yesterday at the London Tavern-Lord Sondes Bristol and Exeter 125 125 8,047 8,787
in the chair. Caledonian 2191 219} 15,793 15,258
Mr. Holroyd, the Secretary, read the report, an &neels,.e& Etooullisir&ario; agt)toa2 al 94 -
306 224
abstract of which has appeared in The Sun. Cork and Bandon 2O 20 348 308
The CHiIRMAN, in moving the adoption of the Cork, Blackrock, & Passage
511 a 1269316 1,„3,5571
report, said he considered it one of the most impor- Cornwallaeeside 17 17 402 358
taut half-yearly meetings they had held. The first Dublin & Belfast Junction
63 1,387 1,244
1,900 2,016
portion of their line, from Strood to Canterbury, IlittlilZkli)orwon(.,ihnettingst.)
,6130 i
404 2,048 2,534
had been completed, and for which the company Dundalk and Enniskillen .. 122 122 1,590 .1,585
had been originally formed. The increase of traffic Dundee fond Arbroath 174 174 t- 54 987
Dundee, Perth, & Aber. Jun 3l 3
674 671 1,143 1,41 6
8824
since the opening had fully answered the expecta- East Anglian 4 95
teens of the directors, and no doubt the receia& e E.Counties Nrfk.,&E.linion 499 489 26,618 25,734
. '''' Fast Kent :.. ~ -,_ ,•_. . 194 - - -
would continue to increase. The line to Sheerness Eaneasliire(in.46l.a.elcou. rn.. ) 111 105 - -
had also been opened, and the works on the Western Edinburgh and Glasgow
Extension from Strood to Beckenham would be en- VdioAuzgayPdeer' hi;n& D
1.1 ctiounnd.e.e. 72584 724 4,039 3,99056
tirely completed in October. The company had Furness
secured an independent station at Pimlico, so that Greatla Glasgow .
Northernouth-Western Iv 1881 4;460513 276,-0
on the opening of the Western Extension they Great North of Scotland
would be enabled to convey passengers from Canter- na.seutnn. es Westnalrind ) 329 226 9,078 7,1.2,
466 466 34,999 34,7,-1
bury to the Victoria station, The late session of Tueiai t western
a
and Holderness - -
Parliament had been an important one to them, and Lnverness & Aberdeen Junc. 55 55 1,066 1,00:.
in which they had carried every measure. Their tit-171, soeut4 astern
Killarney iunction 254 254
41 41 277 27(
- -
Metropolitan Extension would give them access to Lanacmaster and Carlisle (in.
Farringdon-street and the railways north of the Kendal and Windermere) 1 _ 100 - -
raßlaecskburn) 3a 395 44,0960 39,N,
Thames, and he had no doubt that that undertaking ITinnee.,lLlrks.V.
and o
would prove of the greatest importance to the coun• Llanelly 4 4 687 64
try at large. The bill for that extension had en- London & North-Western
countered the greatest opposit;on for several weeks, London
non Ingoßuittcveasntern
389 339 20,200 21,360
but owing to the exertion and ability of counsel, and Lond. Brighton, &S. Coast. 223} 202} 20,611 21.36
L'derry and Enniskillen - -
the zeal and ability of every one on their side, the Loud., Tilbury, & Southend 424 40 2,199 2,45
deep attention which the committees of both houses etanesaesaeia,ss Lincoliash 173 i 174 12,339 11,02
had paid to the measure, and the support they had rianch.
Wann .tar Ans cham
2p
28 1,074 1,10
1,239 1,13
received from the public, they were enabled to carry Midland 4 drTaP, nd
the bill through. They had no wish to injure any Gt.westn. of hind. 17572 177 4,191 4,61
52 1,486 1,33
railway ; they were ready to make amicable ar- tnnkmioulsh. Rail. & Canal 44 44 2,249 2,46
rangements, and he trusted they would be met by Newcastle and Carlisle 7B 78 3,661 3,66
in a similar spirit. Newport,Aberg. ,& Herefor 5O 50 _ -
others North British (in. Dalkeith) 161 161 6,662 6,35
Lord HARRIS, in seconding the motion for the North Devon 784 35 764 35
44,428 41,21
615 52
adoption of the report, said he was one of the first North-Eastern
promoters of the undertaking. They were under Nooglha Londontaffordshire 1 9 9 2,629 2,71
246 233
7,851 7,61
great obligations to their noble chairman, who had North-Western 46i 464 -
made great exertions to promote the undertaking, N. Yorkshire and Cleveland _l_o4 -
94 -
- -
-
and, from his high character, had been enabled to Peebles 300
Wore., &Wolver
Soo
-
sustain them throughout a long contest. The works St. Helen's Canal & Railway gg 30 1,990 1,82
50 3,627 3,54
..had now progressed so far that they would be cora- Scottishos North-Eastern elata
pleted from Beckenham to Dover in the course of a Shrewsbury & Birmingham 293 294 2,026 2,15
few months. They had now 42 miles open, consisting Shrewsbury B;giChepter -7 48 3,706 3,17
ere ord
of 29 miles from Strood to Canterbury, seven miles ShropshireirY
D Union 294 881 8::
721 70} 4,027 3,8::
to Sheerness, and six miles to Faversham. Their ,§, 1.
eLuih-Eeaysenrn 306 302 27,193 26,71
receipts were about £9OO a-week, or £2l per mile South Wales 1714 1714 8,025 7,11
der week on the whole. On the 29 miles the aver- s. Yorkshire and River Dun 118 108 2,562 2,71
age was £24 per mile per week, whereas in the cot- ,raceltroarland Darlington
4,948 4,31
responding period of last year on 19 miles the re- Ulster
ceipts were at the rate of only £l6 per mile per Ulverstone and Lancaster
Vale of Neath 254 254 1,812 1,6;
week, showing that by the extension of the line Warrington and Stockport lO - -
they increased the mileage receipt by 50 per cent. Waterford and Kilkenny 3l 31 368 C
'That was a very satisfactory result, and showed Waterford and Limerick 77
274 274
77 ,1,358 1,21
935 85
what might be expected from the further opening rjaCrffenewooalaree&Rail. 39 39 4,833 3,7.
of their line, which he believed would give them a Whltehaven Junction l2 12 615 51
fair return. The western extension had been car- wehavJun 35
&'urn es s 7 35 620 0
W'haven,Cleator.&Egrmnt. 7 388 .T
tied out by Sir M. Peto and Mr. Betts in a most FOREIGN AND COLONIAL.
*.ble and complete manner. The extension from AlLnsttwrrp and Rotterdam
8123
6N 37,521, 1,21
Canterbury to Dover had very heavy works upon Belgian Eastern Junction 264 264 240 38'''2'
it, but they were in a forward state, and no doubt Buffalo and Lake Huron
Mr. Crampton, the contractor, would complete them E;euttreVadlilwaukie lB5 185- 2,159 2,1;
Rhenish
1084 1084 4,823 4,5:
,as soon as possible. The Victoria station would be Grand Trunk of Canada 970 880 10,846 7,9.
:a great convenience to the public, and give them Greatat Indian Peninsula 27728 119214 gq23 NI
.x.ccess to the Great Western and London and Great Western of 7...anada 345 315 7,304 7,1'
Nor h-Western Railways. With respect to the lombaardod-7;eenneetviaan 285 285 - -
142 142 6,589 6,1'
Metropolitan Extension, it would be one of the ei fdigd,T.Si'arapssa &Alicant 310 284 13,738 97
most useful undertakings for the public ever con- Maria Antonia 2l 21 - _
Northern of France 613 602 50,354 41,9
strutted. Looking at the populous district through
Norwegian Trunk 44 44 1,1 1,0
which it would pass, and the important rail ways Paris, LyonS, & Mediterrn 879 840 76,600 844
north and south that it would connect, the teat& Paris and Orleans
Paris and Strasburg - -
must be immense and the result satisfactory to the Royal Danish '
69 69 752 6
shareholders. Taking the line as a whole, it would Sambre and Meuse 6B 68 1,377 1,1
Southern of France 1 777 773 19,636 19,3
mot cost an extravagant amount, and he thought Wuestt Flanders 175 75 895 1,01
-- - -....,,,,..4- 'a ;ra hp; no. fairly rpm ii -W. and N.W. of France ' 743 730 :48,456 57,0

Mr. Holroyd, the Secretary, read the report, an
abstract of which has appeared in The Sun.
The CHAIRMAN, in moving the adoption of the
report, said he considered it one of the most impor-
tant half-yearly meetings they had held. The first
portion of their line, trom Strood to Canterbury,
had been completed, and for which the company
had been originally formed. The increase of traffic
since the opening had fully answered the expecta-
tions of the directors, and no doubt the receipts
would continue to increase. The line to Sheerness
had also been opened, and the works on the Western
Extension from Strood to Beckenham would be en-
tirely completed in October. The company had
secured an independent station at Pimlico, so that
on the opening of the Western Extension they
would be enabled to convey passengers from Canter-
bury to the Victoria station, The late session of
Parliament had been an important one to them, and
in which they had carried every measure. Their
Metropolitan Extension would give them access to
Farringdon-street and the railways north of the
Thames, and he had no doubt that that undertaking
would prove of the greatest importance to the coun•
try at large. The bill for that extension had en-
countered the greatest opposit;on for several weeks,
but owing to the exertion and ability of counsel, and
the zeal and ability of every one on their side, the
deep attention which the committees of both houses
had paid to the measure, and the support they had
received from the public, they were enabled to carry
the bill through. They had no wish to injure any
railway ; they were ready to make amicable ar-
rangements, and he trusted they would be met by
others in a similar spirit.
Lord Hamm, in seconding the motion for the
adoption of the report, said he was one of the first
pbomoters of the undertaking. They were under
great obligations to their noble chairman, who had
made great exertions to promote the undertaking,
and, from his high character, had been enabled to
sustain them throughout a long contest. The works
..had now progressed so far that they would be com-
pleted from Beckenham to Dover in the course of a
few months. They had now 42 miles open, consisting
of 29 miles from Strood to Canterbury, seven miles
to Sheerness, and six miles to Faversham. Their
receipts were about £9OO a-week, or £2l per mile
-ler week on the whole. On the 29 miles the aver-
age was £24 per mile per week, whereas in the cor-
responding period of last year on 19 miles the re-
ceipts were at the rate of only £l6 per mile per
week, showing that by the extension of the line
they increased the mileage receipt by 50 per cent.
'hat was a very satisfactory result, and showed
what might be expected from the further opening
of their line, which he believed would give them a
fair return. The western extension had been car-
tried out by Sir M. Peto and Mr. Betts in a most
a.ble and complete manner. The extension from
Canterbury to Dover had very heavy works upon
it, but they were in a forward state, and no doubt
Mr. Crampton, the contractor, would complete them
:as soon as possible. The Victoria station would be
:a great convenience to the public, and give them
excess to the Great Western and London and
Norrh-Western Railways. With respect to the
Metropolitan Extension, it would be one of the
most useful undertakings for the public ever con-
strutted. Looking at the populous district through
which it would pass, and the important rail ways
north and south that it would connect, the traffic
must be immense and the result satisfactory to the
shareholders. Taking the line as a whole, it would
mot cost an extravagant amount, and he thought
there was every prospect of its being fairly remu-
nerative.
Mr. Alderman SALOMONS, M.P., congratulated
the directors and shareholders on the success of
their exertions. He theaer,ht the line had as good
a prospect of being remunerative ee any other line
he knew of, anda better one than the South-Eastern
had when in a similar state of progress. (Hear.)
He agreed that their metropolitan extension would
be a most important line for lite city, and he trusted
Ilse undertaking would result in great advantage to
/he shareholders and the public.
The Secretary, in reply to a question, stated that
the line from Strood to Beckenham would be opened
in October, the passengers would be conveyed to
the Crystal Palace line, and thence to London-
bridge, over the Brighton Reilway. The passen-
gers fo e the -West-end would continue their journey
to the Tietoria station.
The reoort was then unanimously adopted.
Colonel _BAINES proposed that sotne substantial
acknowledgarient of the able and successful exertions
of Mr Burke, ,the counsel, and Mr. Newman, their
solicitor, in obtaining the Metropolitan Extension
Bill, should be presented to those gentlemen.
Sir J. TYLDEY seconded the motion, and trusted
that the proposition would be unanirncrusly adopted.
One statioa would be in the centre of the city of
London, and the cater close to the Queen's Tad ice
t Wearainster, tho courts of law, and the Perlia-
' moor 1101,8,25. 11.-t teconded the motion with great
ple,Asure for placing £3OO at the disposal of the di-
rectors to purchase Mr. Newman and Mr. Burke a
suitable piece of pia te.
Some discussion e nsped, in the course of which
it was suggested tha /1,000 should be appropria-
ted to that purpose, or at least £5OO. An amend-
ment was proposed .cil,cl rejected, and the motion
lifrAs d carrie.
r.. ~13,. A..

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call of 2s. 65. per share on the increased perferential capital
of £lOO,OOO will be payable on the Ist of October.
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