The Sun.
London, England, 1866-03-01 00:00:00

EAST LONDON.

The ordinary general meeting was held yesterday
at the London Tavern ; Mr. W. Ilawes in the chair.
The report stated that the large amount of capital
paid up had enabled the directors with unusual
rapidity to purchase and to obtain possession of a
considerable portion of the land required for the
line, and to proceed with the works. Nearly all
the land required for the line on the. south side of
the river had been bought. Possession was taken
of the Thames Tunnel on the 25th of September
last, and the rents and tolls since then had been
received by the company. The contractors were in
possession of a portion of the land, and in a short
time the works on the south side of the river would
be in full operation. On the north side property
li
had also been bought, and satisfactory progress had
been made with the works common to the East
London and the Great Eastern railways. The
capital account showed that £700,000 have been
received, and £447,549 had been expended.
The CHAIRMAN, in moving the adoption of the
report, said he believed the fact of their having got
£1,400,000 subscribed in a few months, one-half of
which was paid up at once, was unparalleled in the
railway history of the kingdom. The purchases of
land effected by the directors were most satisfactory,
and the aggregate sum expended in this respect was
considerably under what had been originally esti-
mated. The cost of constructing the line would not
exceed £300,000 per mile, while the cost of the Me-
tropolitan line had been £700,000 per mile. The
directors had no hesitation in saying that the local
and omnibus traffic would equal that of any metro-
politan line, and the through traffic would surpass
that of any other local railway. In reply to a ques-
tion he said that the existence of a scheme to run a
railway under the Thames below bridge was evidence
of the necessity of their line.
The report was unanimously adopted, and a reso-
lution fixing the remuneration of the directors at
£2,000 was cried nem. con.

CRYSTAL PALACE AND SOUTH LONDON
JUNCTION.

The half-yearly meeting was held yesterday at
the Victoria Station ; Sir C.' Roney in the chair.
The report was taken as read.
I he report was adopted, and the retiring directors
(Mr. Tootal and Mr. G. F. Holroyd), and also the
retiring auditor (Mr. Banks), were re-elected.

KENT COAST.

The half-yearly general meeting was held yester-
day at the Victoria Station ; Sir C. Roney in the
chair.

The report was taken as read.

The CHAIRMAN moved the adoption of the report,
and, in reply to a question, stated that three of the
directors were also directors of the London, Chat-
ham, and Dover Company. _ _

The report was adopted ; dividends at the rate
of 6 per cent. per annum on the B stock and on the
ordinary stock of the company were declared for
the past half-year ; the retiring directors, Mr.
Tootal and Mr. G. F. Holroyd, were re-elected, and
also Mr. Coulter, the retiring auditor.

TEIGN VALLEY.
The half-yearly meeting was held at Chudleigh,
on Saturday—Sir R. Palk in the chair.
The CHAIRMAN, in moving the adoption of the
report, referred to negotiations which had been
entered into with the South Devon directors, and
regretted that no satisfactory conclusion had been
arrived at. A strong feeling having been expressed
that the line should be extended to Exeter, the
necessary steps had been taken to obtain the sanc-
tion of Parliament to such extension. Lord Clif-
ford, Lord Exmouth, and, in fact, every landowner
except one, Earl Devon, had promised every pos-
sible assistance to carry out the proposed scheme.
It was to the South Devon line that they must look
for opposition. With reference to tho position of
the Teign 'Valley Railway only two miles remained
to be proceededwith, and the negotiations for nearly
the whole of the land had been concluded ; 873
shares had been taken up, and £11,037 had been
paid on them.
The report was unanimously adopted, as were re-
solutions for creating £30,000 preferential capital,
to bear in perpetuity interest at 5 per cent.

BUCKFASTLEIGH, TOTNES, & SOUTH DEVON.
The half-yearly meeting was held at Totnes on
Saturday. Mr. Bowden presided.
The report, which was adopted, stated that the
works were in a forward state from Totnes to Sta-
verton parish. Unfavourable weather and difficulty
in obtaining land had greatly interfered with the
progress of the line, but there was now a fair pros-
' pect that the undertaking would be carried out.