The Sun.
London, England, 1866-02-01 00:00:00

COLCHESTER AND STOUR VALLEY.

The' half-yearly meeting of this company was held
on Tuesday at Colchester, Mr; Ewen in'the chair.

An abstract of the report has appeared in The Sun.
On the mction of the Chairman, the report and
accounts were adopted, and a dividend at the rate',
£3 Bs. per cent. per annum was declared for the
past six months. Mr. Dalton and Mr. Garrad were
re-elected directprs, and Mr. Fenton was reappointed
an auditor.'

The proceedings closed with a vote of thanks to
the chairman and directors.

TURIN AND SAVONA.

The adjourned special meeting of this company
was held yesterday at the London Tavern, Lieut.-
General Tremenhere in the chair.

The report of the London Committee stated that
the agreements for the purchase of land for the whole
length of the railway had been concluded, and that
the land requiredfor the main line and stations from
Savona to Carmagnola had been actually purchased.
On` the first ection;. from Savona to the Sella tun-
nel, 91 miles in length, nearly all the works of art
had been executed. The .Sella tunnel, upwards of
11 mile in length, was a difficult work, but now
might be considered as completed. The third sec-
tion, 101 miles, from the Sella tunnel to the Belbo
tunnel, 'was nearly half. completed. The Belbo tun-
nel, 211 miles in length, was expected to be com-
pleted next summer. The fifth section, from the
Belbo tunnel to Oarmagnola, 481 miles, would be
completed at the same time as the rest of the rail-
way. The works on the Cairo and A&jui branch
had not been commenced. Mr. Abernethy, the chief
„engineer, reported generally that the works on the
line had been well executed throughout its whole
length.

The ,CIIAIRDIAN said the English directors were I
often .obliged to go to Turin to consult with their 1
colleagues there, which was a very unpleasant task.
There had always been one feature in the company,
and that was that the works had proceeded in a most
Satisfactory manner. The engineer had directed his
sole efforts to the construction of the tunnels. There
were about six miles of tunnels between Turin and
.Savona, and all the other portions of the railway
had been examined by the English directors and
found to have been executed in a workmanlike man-
ner. The great thing needful was plenty of funds.
The Italian Government had done everything in
their power to help the company. In March the
capital was divided into a number of obligations and
shares, and on the whole of that capital the Italian
Government had guaranteed 6 per cent., which
guarantee had not been enough to put them in pos-
session of sufficient funds. If they could only raise
money sufficient to complete the main line they
would afterwards be able to complete the branch.
In a few years time there would be communication
from France to Savona, and no doubt as there was
an excellent watering place at Savona, French
people would go there, which would bring a Consi-
derable traffic on their line.
Mr. KEMBER said it had been agreed that half-
yearly meetings should be held in London. lie was
glad to say he could corrotorate' everything con-
tained in Mr Abernethy'sreport respecting the works.
Mr. HARTRIDGE said the statement of the chair-
man and Mr. Kerner left some doubts in his mind.
It was necessary that every information should be

given to the shareholders so that they might be able
to understand the position of their affairs.
Mr. KEMBER said they had spent more than
£500,000, and they would be able to make the line
for less than they expected. On the whole, they
would require to raise £1,000,000, more to complete
the line.

_
Mr. FIELD said he thought they would find it
almost impossible to raise the money they required
on the guarantee. (Hear, hear.)
Mr. HARTRIDGE hoped they would be able to
work together with harmony. He had no doubt
that the directors had done everything they could to
promote the interests of the company. He moved
that the thanks of the meeting be given to the di-
rectors, which was carried, and the proceedings ter-
minated.

LYNN AND SUTTON.

This line is expected to be opened in about a fort-
night, on the completion of certain alterations or-
dered by Capt. Tyler on the part of the Board of
Trade. It appears that the company will have to
work the line, as negotiations with the Midland for
working it have not proved successful.

GRAND TRUNK OF CANADA

The traffic receipts on this company's lines
amounted for the week ending the 13th Jan., for
local passengers, to £4,894: for foreign passengers,
to £1,570 ; for mails, &c., to £976 ; for local freight
and live stock, to £12,896 ; for foreign freight and
live stock, to £2,951; total, £23,287, against
£20,129 for the corresponding week of last year,
showing an increase of £3,158. The total traffic re-
ceipts from the Ist Jan. to the above date amounted
to £43,853, and for the same period of 1865 to
£42,556, showing an increase of £1,297.