The Sun.
London, England, 1867-03-16 00:00:00

HORNCASTLE.

The report of the directors that in the six
months ending Dec. 31 the traffic receipts amounted
to £1,731, being an increase of £l7 as compared
with the corresponding six months of 1865. The
sums received front the Great Northern, together
with other receipts, being added to £1,377, (the
balance of the last half-yearly account) made a total
of £3,122, and this sum, after deducting the ordinary
disbursements and the dividend at the last general
Meeting, left a balance in hand of £1,422. Out of
this sum the directors recommend a -dividend of ss.
Od. per sh ire, absorbing £1,356, and leaving £66 to
be carried forward to the credit of the next account.

GLASGOW AND SOUTH-WEiTERN.

The half-3 early general meeting of this company
was held. in Glasgow on Wednesday ; Sir Andrew
Orr presided.
The report, an abstract of which leas appeared in
The Sun, was taken as read. •
The CHAIRMAII, in moving the adoption of the
report, said he regretted that owing to a decrease in
the mineral traffic he had to meet them with a re-
duced dividend. It was the first time during the
last five years he had had to do this, and he was
glad to say that all the other classes, of traffic
showed a satisfactory increase. Referring to the
proposed amalgamation of the Glasgow and South-
Western with the Midland Railway Company, he
stated that the directors considered such a step ne-
cessary, as from the close alliance which had for so
many years existed between the London and North-
Western and the Caledonion Companies, the Glas-
gow and South-Western could not; standing alone,
expect to carry that amount of through traffic to
which its position entitled it. The terms of the
amalgamation might be shortly stated thus : —The
debentures and debenture stock and funded debt of
each company would rank equally, having the secu-
rity of the whole of the amalgamated undertaking.
The preference stocks of both companies would
rank in order of their creation, and the preference
and guaranteed stocks of the Glasgow and South-
Western would have a very greatly improved secu-
rity, as they would then have priority over a free
revenue, amounting to £1,500,000 per annum, in-
stead of £300,000 as at present. The ordinary stocks
of each company would, at the date of amalgama-
tion, be merged into one. Five of the directors of
the Glasgow and South-Western Company would
become by the act directors of the amalgamated
undertaking, and these five directors, with, perhaps,
one or two others, would be appointed a committee
to manage the Scotch portion of the undertaking.

Mr. W. KIDSTON said the company was so pros-
perous under its present management, and was
likely co be so injuriously affected in its best inte-
rests by the proposed amalgamation which would
hand the control of the railway over to an English
company, that he woud move as an amendmentthat
the portion of the report which referred to the pro-
posed dissolution of the company and its amalga-
mation with the Midland Company be rejected.
Mr. BARBOUR seconded the amendment.
Mr. JOHN BURNS also moved as an amendment
that the proposed amalgamation be not proceeded
with unless the Glasgow and South-Western share-
holders could be secured by lien over their property
or by a fired minimum dividend.
Mr. Wm. ROBERTSON seconded the amendment.
On the amendment being put to the vote, that of
Mr. Burns was lost by 90 to 65, and that of Mr.
Kidston by a large majority. The motion of the
Chairman, declaring the approval of the report and
a dividend at the rate of 6 per cent. per annum or.
th; cansoLd del stock of the company, was then
carried.

GREAT NORTH OP SCOTLAND.
A special meeting of this company was held on
Thursday at the London Tavern ; Mr. J. Duncan

the chair.
The CHAIRMAN said the object of the meeting was

... _ _
to submit a bill now before Parliament for the ap-
proval of shareholders in the company resident
in London, to authorize the creation of a pre-
preference stock, which would rank after the de-
bentures and before the existing preference shares

and stocks of the Great North-of Scotland Com

pany. He believed that a pre-preference stock was
not looked upon with much favour either here or in
Scotland, but there was no alternative that he know
of to extricate the company from its embirrassments.
The company had got into debt to the extent of
£300,000 in respect of loans from bankers, and it
had arisen from:the difficulty of raising money under
the Parliamentary powers granted to the company.
Neither the shareholders nor the public would take
up the shares, and to carry on the works they were
bound to execute, the directors were obliged to borrow
the requisite money from the banks. The share-
holders had been made acquainted with this state

SUN OFFICE, 7 O'CLOCK.

SPORTING INTEL LIGENCE.—This Day.

CROYDON RACES.—Turs DAT.
BY ELECTRIC TELEGRAPH.
OPEN HUNTERS' STAKES. •
The Open hunters' Stakes of 5 sovs each, with 30 addecl,
for hors .s that have been regularly hunted; 12st earn ;
winners of 40 sows to carry 71b extra ; gentlemen riders;
pmfosAionals and others not qualified to ride under the
Grand National Rules as gentlemen riders 716 extra;
about three miles ; 10 subs.

Maurepas 1
Lincoln
CROYDON CUP.
The Croydcn Steeplechase Cup, value 100 sous, by sub.
scr'ption of 10 soya each, li ft, with 50 sous added; four
y.-ar olds last 71b, five list 1-Ib, six end upwards 12st-
. Sib ;- winners.of a steeplechase value 100 sous in 1866 or
18G7 lib, of 300 at any one time in either of those year '
71b extra ; maideniallowed in the following proportions
four year olds 31b, five 71b, six and aged 121 b horsea
of six years old and upwarCs, not being maidens, hut
which have started twice and not won 50 sous since
Nov. 1865, allowed 41b ; the s,!cond to save his stake;
about three miles; 17 subs.
Sir Bobby
Cortolvin 2

Four ran. •
SELLING STEEPLECHASE.
A. Selling Steeplechase Stakes of 3 sovs each, with 20
added ; four year olds lOst 71h, five list 71b, six and aged
12st ; the winner to be sold after the race for 50 Boys;
if entered for 30 sovs allowed 71b ; about two miles.
St. Maximum

Monitor
Adamanthea ... 3
INNKEEPERS' PLATE.
The Innkeeperb' Steeplechase Plate (Handicap) of 50 sous;
winners of any steeplechase after March 8 (at 10 a.m.) ;
71b extra; about two miles and a half.
Brandy Apple 1
Old Ireland
Clemanti 3
• All three fell.
GRAND NATIONAL HURDLE RACE.
The Grand National Hurdle Race (Handicap) of 15 sovs
each, 10 ft, and 3 only (to the fund) if declared by Tnes-
day, March 12, with 200 added ; the second to receive
30 sovs out of the stakes; winners of a hurdle race after
March 8 (at ten a.m.) 71b extra; about two miles and a
quarter, over ten hurdles.
Doctor 1
Fortunatus 2
Pirate
Twelve ran.

VICTORIA CLUB BETTING.—This DAY.
A good attendance to-day, and offers to bet on the field
frequent, bat, as will bo gleaned from the accompanying
return, the actual business done was not great. The
wain feature was the support accorded to Dalby
for the Chester Cup, a thousand to sixty being
accepted in one bet. Newland was also in some little
request, but Lecturer was friendless at his price. Dun-
sany was alone inquired after for the Metropolitan, and for
the other Epsom event the Mayonaise filly was frequently
inquired after, and supported at 20 to 1. For the 2,000
Guineas, Jasper was backed for about a hundred, at 40
to 1, the following being the closing prices :

CITY AND SUBURBAN.
100 to 7 agst Wild Agnes (offered)
20 to 1 agst Mayonaise filly (taken)
to 1 agst Thalia (offered)i
25 to 1 agst Vaspasian (offered)
1000 to 40 agst Clarice (with a start, taken)
33 to 1 agst Abergeldie (offered)
33 to 1 agst Longdown (offered)
METROPOLITAN STAKES.
500 to 40 agst Dunsany (taken)
CHESTER CUP.
1000 to 60 agst Dalby (taken)
100 to 6 agst Proserpine (offered)
200 to 9 agst Lecturer (offered)
400 to 18 agst Newland (taken)
25 to 1 agst Rama (offered)
TWO THOUSAND. .
3 to 1 agst Plaudit (offered)
6 to 1 agst Julius (offered)
12 to 1 agst Hermit (offered)
14 to 1 agst Marksman (offered)
40 to 1 agst Jaspor (taken)
66 to 1 agst Owaiu Glyudwr (offered)
500 to 5 agst Caution Ball (taken)
DERBY.
Bto 1 agst The Rake. (offered-9 to 1 taken)
9to 1 agst-D'Estouruel (offered)
100 to 6 aget Marksman (offered)
25 to 1 agst The Palmer (off-I,UO to 35 taken)
30 to 1 aget Tarabau (taken)

NOTICE.—CIIANGE OF ADDRESS. —.1.011)1 STIMC, late of
Beaufort Buildings, Strand, returns his best thanks for the
patronage he has receired daring the past year, and begs
to inform his friends that he has removed to- 25, Wel-
lington-street, Strand, London, where commissions will be
executed to any amount. Price Lists as usual.

T. and G. LE; of the Wheatsheaf, Worship-street,
Shoreditch; at Three King-court, Lombard-street; and
at One Swan-yard, Bishopsgate-street.

W. HOPKINS thlld JOILI AMBROSE (member of Tattersalrs,
Victoria, and other Clubs) Execute Commissions on all
races throughout the year. Address-33, °MENDEN-
STREET, HAYMARKET.

JOHN PERCIVAL, Oxford Cigar Stores, 3, Panton-streot,
Haymarket, W.

TICKETS NOW READY for HARRY WILSON'S CITY
AND SUBURBAN HANDICAP SWEEP. Drawn
MONDAY, March 25, 1867. 10,000 members, at ls. each ;
and 3,000 members, at 2s. Gd. each. Address, with two
stamped directed envelopes, to Harry Wilson, Turf Herald
Offic., Hull. Commissions executed from,: s. on all races,
Prico Lists daily.

RACING FlX'[

RES FOR 1867.

Eastbourne Hunt
Northampton
Cardiff
Windsor Spring
Edinburgh Sp. Meeting
Lichfield Spring
Newmarket Craven

Abtirgavenny ............ 11
'rhirsk ................ 11
Newmarket Ist Spriug.
Durham..............
Catterick..................
Che5ter.....................

BANK OF FRANCE.

FARIS, March 14.
The following is the return of the Bank of France
for the week ending to-day, together with the cor-
responding figuras of the previous account :
DEBTOR.

March 14.

March 7.

182,500,090 -

182,500,000 -

Capital of the Bank
Profits in addition to
capital (Art. 8, Law,
Juno t, 1857)
Reserve of the Bank
and its branches
Reserve in landed pro-
perty 4,000,000 4,000,000
Notes in circulation
Banknotes to orderand
receipts payable at
sight
Treasury account cur-
rent creditor
Current accounts, Paris
Do. branch banks
Dividends payable
Discounts and sundry
interests
Rediscounted the last
six months
Surplus of receipts not
distributed
Sundries .

7,011,776 02 7,044,776 02

22,105,750 11 22,105,750 14