The Sun.
London, England, 1866-08-14 00:00:00

LONDON AND BLACKWALL RAILWAY,

MEETING (THIS DAY).
The ordinary half-yearly general meeting of this com-
pany was held at the London Tavern to-day—Mr. F.
Macnaghten (deputy chairman) presiding.
The report, which has been already published and cir-
culated among the shareholders, was taken as read.
The CHAIRMAN, in moving its adoption, said that the
directors had much regret in not having been able to an-
nounce the payment of a dividend to the shareholders for
the half-year ending the 30th June last before the 15th of
the current month, but hamming receiver.' the rents payable
from the Great Eastern Railway Company under the lease
of their line, the dividend at the rate of Li 10s. per cent. per
annum on the ordinary and preference stocks would then
be received by the shareholders. The delay which had
taken place was in no way attributable to any neglect on
the part of the management. The directors were una, blo
to lay b3fore the shareholders a final statement of the out-
standing accounts up to the 31st December last, in conse-
quence of the delays interposed by the Great Eastern, but
he believed a settlement would shortly take place. 'The
management were iu possession of certain funds, but it
was a question to whom they belonged, and therefore it
would not be desirable to divide them amongst the share-
holders at present.
Mr. MURRAY inquired who the parties were claiming
any right to the funds in question.
The CHAIRMAN said there were different parties, but the
Great Eastern was the principal. _

Mr. AID RRAY—What is their claim?
The CHAIRMAN—There is no claim, but there is a
matter of £4,000 in dispute.
Mr. C. WATHAM, a director, seconded the motion.
Mr. JAGGENS, a shareholder, said that, in common with
other shareholders, he felt some disappointment that the
report had not given them some information as to the exact
position in which they. stood. They were not informed
whether the accounts had been audited, and they did not
know what was the outstanding account in the bank to the
credit of the company.
The CHAIRMAN s aid that their:money was out at in-
terest, and not lying idle, and they would receive 6 per
cent. on their deposit.
Mr.:JAGGENS said that so far that was satisfactory. The
amount that would be required to pay the last dividend
would be about £14,000 less £5OO. He should like to
know what was in the bank available for that purpose,
for the balance should be much more than £15,0 00. Of
course their stock xi ould not go to the Groat Eastern under
the leasing powers.
The CHAlRMAN—Certainly not.
M r. JAGGENS —The company had also had other pro-
perty, and it would be extremely desirable if the chairman
would give some further explanations. He should like to
know what was the reason of the delay in the settlement
of the accounts, and he drew attention to the fact that the
chairman of the company (Mr. Daniells) had told them
there were no debts owing by the company.
The CHAIRMAN stated that there was about £ll,OOO in
hand, which would net give more than a dividend of 31
per cent., but it would be very indiscreet to touch that
amount until the affairs of the company were settled.
After some further discussion the report was agreed to,
and thanks were voted to the chairman, which terminated
the proceedings.