The Sun.
London, England, 1858-03-12 00:00:00

GLASGOW AND SOUTH-WESTERN.

The half-yearly, meeting of this company was held in
Glasgow, on Wednesday. Sir Andrew Orr, the Chair-
man, presided.
The CHAIRMAN said, the accounts were not so favour-
able as the board would have liked. The half-year began
very well, and promised a good result--the increase during
the that three months over the corresponding per icd. being
about 5,0001., when the commercial crisis supervened, and
the revenue sank so much as only to give a trifling surplus
at the close of the half-year. The falling off had boon
almost universal throughout the country. Their
receipts, however, were now gradually improving, and they
trusted soon to regain their former position. They had
bad various unse! tied claims unadjusted in their books,
These had been all gradually settled, and the result had
brought 12,0001. in favour of the company, and the strecters
had resolved to carry it to the "renewal of way fund."
(Cheers.) The sum of 2,0001. had been taken out of the
ha f-year's profits as a nucleus of a fund for replacing some
of the engines as they became unserviceable. Ample de-
ductions had been made from the half-year's revenue to
provide against contingencies. The result of the balance
and accounts might have justified a larger percentage for
dividend, but the directors thought it better, in the preseet
state of the country, to recommend a reduction to 4. per
cent. and carry forward a vac! surplus. (Clmers.) He
concluded by moving the adoption the report.
Mr. ..Liaerzeore seconded the niotioi.
Mr. Mientraat complained of the reduction in the rate
of dividend, which he thought was not warranted with a
surplus of 4,0001.
Mr. BROUGFI hoped that the city member would call
attention in Parliament to the unfair nr.nuer in which
railway companies were taxed. He complained of the
excess of expenditure over that of last year, which he did
not think was justified. •
The CHAIRMAN believed the whole cause of complaint
to lie in the present u nfortnnate state of the country, which
had reduced the revenue. With are -Need weekly revenue,
and the present condition of the country, the directors did
not feel themselves warranted in paying 5 per cent.
The motion was unanimously adopted.

The CHAIRMAN then proposed that a dividend at the
rate of 5 per vent. on the guaranteed, and .q per cent. on
the ordinary stock be declared.
Mr. WHITE seconded the motion, which was carried
unanimously.
Mr. W. Jamieson and Mr. J. Lumaden were re-elected
directors, and Mr. J. King was elected a directlr in room
of the Lord Provost of G!aggow, who has retired.
It was also agreed that the remuneration of the auditors
should be increased to 501. per annum.
A vote of thanks to the chairman terminated the pro-
ceedings.

CALEDONIAN AND DUMBARTONSHIRE
JUNCTION.
On Wednesday the half-yearly meeting of this company
was held at Glasgow, Mr. P. Blackburn, M.P., in the
chair.

The report stated that the receipts for the half-year
ending 31st January last amounted to 7,2681., and the
expenses to 3,332/., leaving a net profit of 3,9351. Out of
this the directors recommended a dividend at the rate of 4
per cent. per annum, leaving 2661. to be added to [the
reserve, which will then amount to 1,9701,, irrespective of
11,247/. lent to the capital..
The CHAIRMAN moved that the report be received and
adopted.

after some discussion the report was adopted.
The CHAIRMAN then moved that the dividend be at the
rate of 4 per cent.

Mr. STEWART moved as an amendment that the dividend
be at the rate of 5 per cent.
Mr. COMRIE seconded the amendment.
Mr. JEFFRA.Y moved another amendment, that the
dividend be 41 per cent. ; seconded by Mr. SPROTT.
Ultimately Mr. Stewart withdrew his amendment, and
on Mr. Jeffray's amendment being pet it was negatived,
and the Chairman's motion was carried.
The meeting then separated.

ABERDEEN AND INVERNESS JUNCTION.
The works on this line are progressing favourably, the
rails between Dalvy and Elgin are nearly laid, and the
line from Inverness will be opened to Elgin next month.
The remaining portions of the line are in a forward state,
and are expected to be completed in time, so that the
whole line from Aberdeen to Inverness may be opened
early in the summer.

The post of Solicitor General for Ireland has been
conferred on Mr. John George, Q.C., late member for
the county of Wexford. This selection, like all the other
legal appointments, reflects great credit on the Govern-
ment of Lord Derby. Mr. George has been for many
'ears the leader of his circuit, and his skill and judgment
as well as firmness and considerate humanity in conduct-
ing government prosecutions, have obtained for him
much co mendation. The learned gentleman succass-
ful y contested the c :linty of Wexford, where he post.esses
considerable estates, in 1852, being euppor.ed equally by
Protestants and Roma❑ Catholics. During the sesion
he proved himself to be an eloquent and useful member,
and was always to be found at his pot. At the election
of 1857, however, he was defeated by the detection of
some of the Protestant landlords who had supported him
in 1852, but who last spring were under the influence
of tl,e Palmerston mania. Mr. George is much respected
by the Romaa C4thol'ca of the county, and we balm
his appointment 'a ill be gratifying to all parties in the
country.
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