The Sun.
London, England, 1866-08-03 00:00:00

METROPOLITAN AND ST. JOHN'S-WOOD.

The report of the directors states that the works
on the line had made satisfactory progress since the
last half-yearly meeting. The Metropolitan Company
had determined to make such alterations in their
Baker-street station as would permit of a much more
convenient arrangement for the trains to and from
Hampstead and the city. The directors considered
this a most important improvement on the original
plan, and one which would greatly add to the con-
venience of the public and the advantage of the
company. The change in the circumstances of the
line and the mode cf working the traffic had
involved the widening of the line, so as to admit of
a double pair of rails throughout the entire length,
a measure which the directors adopted the more
readily, as it was otherwise almost essential to the
perfect success of the undertaking. The unsatisfac-
tory state of the money-market since the special
general meeting in April had rendered it advisable
to defer raising the capital required for the Hamp-
stead Extension, but the directors would take ad-
vantage of the first favourable opportunity to effect
that operation. The shares would be offered in the
first instance tothe existing shareholders. The capi-
tal account showed that £294,810 ha,d been received,
and £284,002 expended, leaving a balance of £lO,BOB.

WATERLOO AND WHITEHALL.
The half-yearly meeting of this company was held
on Wednesday at the offices, Westminster-chambers,
Victoria-street--the Hon. R. Dutton, M.P., in the
chair.

The secretary having read the statement of ac-
coil n ts, which showed that £60,057 had been re-
ceived, and £42,452 expended.
The CHAIRMAN said that, owing to circumstances
which had been recently submitted to the board, and
with which they were then hardly in a position to
deal, they had deferred making their half-yearly
report. They were informed that the cost of the
railway would exceed the estimate. The land on the
southern side of the river was taken at £15,000.
They had taken no land at all, for they had erected
works not larger than a sewer underground without
damaging the houses. The £15,000 was paid in the
event of the houses being damaged. He then pro-
posed the adjournment of the meeting to Nov. 2,
stating that in the meantime they would consider
what steps should be taken for raising sufficient
funds to carry out the work. He moved that the
directors be authorised to increase the share capital
of the company
by creation and issue of 3,500
shares of £lO each (135,000), making the share ca-
pital of the company £135,000.
The propositions of the chairman were agreed to,
and the meeting adjourned.

LONDONDERRY AND ENNISKILLEN.
The report of the directors states that the rent 9f

the railway for the six months, £13,000, had been
received from the Irish North-Western Company by
weekly payments less income-tax. The interest re-
ceived was £5O lls., the transfer fees £2 155., and
the balance from the last account of £lB4 gave with
the rent a gross total of £13,237. From this was
deducted interest on Government loans, and on de-
bentures, legal, office, and other expenses amounting
together to £4,120, leaving a disposable balance of
£9,117 towards payment of dividends and arrears.
The directors recommend that the dividends, at the
rate of 5 per cent. per annum to the 30th June, be
declared, and paid on the 14th inst., on the £3,062
10s. stock B, provided for by the company's Act of
1856 ; also the dividends at the rate of 6 per annum
on the £31,850 stock A; also the dividends at the
rate of 5 per cent. per annum, together with 1- per
cent. on account of arrears, making 6i per cent. per
annum on £247,737105. stock 8., leaving a balance
of £34. The directors thought it right to remind
the shareholders that the ten years -would expire on
the Ist October next for which the A stock received
a preferential dividend of 6 per cent. per annum ;
after that date the dividend would be reduced to 5
per cent., and the difference would be paid to the
holders of B stock, till the arrears due to them were
satisfied. The capital account showed a total ex-
penditure of £709,074, leaving a balance against the
account of £8,515.

GREAT NORTHERN & WESTERN !OF IRELAND

The half-yearly meeting of this company was held
on Wednesday, at the offices, Park-street, West-
minster; the Earl of Lucan in the chair.
The report, an abstract of which has appeared in
The Sun, was read by Mr. Room, the secretary.

The CHAIRMAN moved a resolution for the
adoption of the report and statement of accounts,
which was carried unanimously.
Dividends at the rate of 5 per cent. per annum on
the preference stock and shares, at the rate of 3.57
per cent. per annum on the ordinary share capital
of the company held by the Midland Great West-
ern Railway Company, and at the rate of 31 per
cent. per annum on the ordinary share capital of the
company other than that held by the Midland Com-
pany were declared payable, less income-tax, for the
half-year ending June 30 last.