The Sun.
London, England, 1866-09-05 00:00:00

THE SUN, LONDON, WEDNESDAY EVENING, SEPTEMBER 5, 1866.

valent to a dividend of 2s. 6d. per share. There
would be a further reduction in turnpikes in
Novesaber next.

Mr. NODES contended that the profits of the
past half-year, including £1,084 for interest, did not
exceed £9,988, which would admit of a dividend of
only 3/ per cent., but they might make it 3- per
cent. He was in favour of having 2d. fares on
the various routes instead of 3d. fares. He moved
as an amendment that the dividend be at the rate of
33- per cent. per annum, instead of at the rate of 5
per cent. per annum, as proposed by the directors.
Mr. Fox complained that many of the men had
too many hours and not sufficient rest.

Mr. MACNAMARA, a director, said that everyman
had a day's rest when he wanted it, and they were
careful not to overwork their men.
Mr. RADCLIFFE stated that the omnibus service
between the Edgware-road and Hungerford-market
was wholly inadequate to the wants of the public,
particularly in the morning, and that it was impos-
sible for a large number to get seats, and when they
did the journey occupied 25 minutes.

Mr. ITACNA3IARA said they had put two or three
new omnibuses on the route, and he believed the
difficulty had been met, but, if not, he would be
happy to meet Mr. Radcliffe on the subject.
The amendment was negatived by a large ma-
jority, and 'ithe report was unanimously adopted,
together with the dividend at the rate of 5 per cent
per annum for the past half-year.

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

UNITED GENERAL GAS.

The half-yearly meeting of this company was held
yesterday at the London Tavern; Mr. E. Hudson
in the chair.

The report stated that the profits for the half-
year amounted to £8,949, which added to £2,144
made a total of £11,093, out of which the directors
recommended the payment of a dividend of 20s.
per share and a bonus of 2s. per share, free
of income tax. During the past session the Dublin
Bill for carrying out the arrangement with the
Alliance and Dublin Gas Consumers' Company had
received the Royal assent ; and at Limerick there
had been improvement.

The CHAIRMAN, in moving the adoption of the
report and accounts, said there was now no difficulty
in the way of carrying out the arrangements with
the Alliance Company., and the works would be
handed over on the 29th of the present month.
Mesrs. Hawkesly and Barlow had been engaged to
value the company's property, and when they made
their report the shareholders would be called to_
gether in special meeting to hear the result.
Mr. RHODES seconded the motion.
Mr. LYSLEY, M.P., desired to know whether the
amount the shareholders were to receive depended
upon the result of the examination.
Mr. STEVENSON (a director) said the valuation
was not to be less than £240,000, and not to exceed
£270,000.

Mr. LYSLEY,
was surprised that the board,
seeing their functions were to cease in September,
had not come forward with some proposition for a
reduction in their remuneration.

The CIIAIRJIAN said the board had the matter
under consideration.

The report was unanimously adopted, and a
dividend declared as recommended.

The retiring directors and auditors were re-elected
and a vote of thanks to the Chairman closed the
proceedings.