The Sun.
London, England, 1859-02-01 00:00:00

LLANELLY.

Yesterday the half-yearly meeting of this com-
pany was held at the London Coffee-house, Ludgate-
hill—Mr. J. Biddulph in the chair. The report
stated that the earnings of the company for the past
six months had been £13,661, and the working ex-
penses £9,827, leaving a balance of £3,834 to be
added to the balance of £1,002 from the preceding
six months, making £4,836. The interest paid on
loans was £1,779, and the dividends paid on prefer-
ence shares £1,611. The net rental to the Vale of
Towy was about £825. The receipts of the year
amounted to £26,083, as compared with £22,402 in
1857; but this was partly accounted for by 111
miles of extension having been opened for traffic
during nine months of the year. A conversation
ensued from which it appeared that the shareholders
were dissatisfied at not receiving a dividend this
half-year, having relinquished a small one (10s. per
share) at midsummer, in the expectation of obtain
ing a larger one on the present occasion. The chair-
man stated that the company had to expend large
sums of money in laying down the broad gauge to
connect the line with that of the South Wales Com-
pany and in otherwise improving and repairing
both the railway and the docks. The expenditure
was kept down as much as possible, but, in com-
pliance with the requirements of the Board of
Trade, they had to maintain a staff of signalmen
and other officers out of proportion to their present
traffic, but which would remain stationary, while
their traffic would go on increasing. The cost of
working the goods traffic was Bd. per mile, and that
of the passenger traffic 7d. per mile, or much lower
than on any other lind in England.
The report was adopted, the outgoing directors
were re-elected, and the proceedings terminated.

LONDON-BRIDGE AND CHARING-CROSS.
This proposed railway is intended to join the
the South-Eastern Railway near London-bridge,
passing in a westerly direction near Union-street
and the Waterloo Station of the South-Western
Railway, and over the Thames 'to Hungerford-
market. The line, in its course, will cross the
thoroughfares leading to and from Southwark-
bridge, Blackfriars-bridge, and Waterloo-bridge,
close to which stations will be provided. Care has
been taken to avoid the breweries and other valu-
able property in its course through Southwark,
with a view to economy. The estimated cost of the
line and stations is £BOO,OOO. The undertaking
has been sanctioned by the directors of the South-
Eastern Railway Company, who, it appears, have
resolved to recommend their proprietors to contri-
bute towards its capital, and have entered into an
arrangement to work the line, when made, upon
favourable terms.

The proprietors estimate that the traffic will be
immense, and that a dividend of at least 8 per cent.
will be secured to the proprietors ; at all events,
whether it be so or not, there can be nti doubt that
a railway station close to the great thoroughfare of
the Strand, near Charing-cross, and communicating
with all the railways south of the Thames, will be
a great public convenience, and tend greatly to
relieve the streets of traffic to and from the stations
at London-bridge.

MANCHESTER, SHEFFIELD, AND LIN-

COLNSHIRE.

The total expenses of this company's railways
(including rents, toll, duty, &c.) from the Ist to 23d
Jan., 1859, have amounted to £17,773, as against
£17,359 for the corresponding period of 1858. The
proportion of South Junction, &c., receipts accru-
ing to this company from the Ist to 23d Jan. has
amounted to £1,446, as against £1,452 for the
corresponding period of 1858. The proportion of
South Junction, &c., expenses for the same period
has amounted to £721 as against £837 for the cor-
responding period of 1858.