The Sun.
London, England, 1866-08-10 00:00:00

TOTTENHAM AND HAMPSTEAD JUNCTION.

The half-yearly meeting of this company was held
on Wednesday, at the office, Westminster-cham-
bers, Victoria-street ; Captain Arrow in the chair.
Mr. HORN, the secretary, read the report, which
stated that the progress of the works during the past
half-year had, on the whole, been satisfactory, and
the permanent way of the line would be laid through-
out during next month. The company's bill of this
session, for authorising an increase of £lOO,OOO in
the share capital, and also to empower the Great
Eastern and Midland Companies to purchase the
entire undertaking had received the Royal assent.
The report of Messrs. M'Clean and Stileman, the
engineers, stated that the permanent way should be
laid throughout during the month of September, and
that the railway might then be used for the exchange
of goods and mineral traffic between the Great
Eastern and the City and Hampstead Junction
Railways during the construction of the stations.
The capital account to the 30th of June showed that
£313,222 had been expended.

The CHAIRMAN moved the adoption of the report,
which was- seconded by Mr. T. Pain, and carried
unanimously.
It was stated that the directors did not intend to
ask the shareholders at present for power to raise
the additional capital authorised by Parliament in
the present session.

GROSVENOR AND WEST END TERMINUS HOTEL,

The general meeting of this company was held on
Tuesday at the hotel, Victoria Station—Major Mur-
ray in the chair.

The report stated that the profits on the trading
for the past half-year amounted to £5,294, from
which must be deducted the interest on debentures
and mortgage, which, owing to the extraordinary
state of the money market for some months past,
was much heavier than it had ever been more. After
making due provision for all debts, a sum of £2,424
remained available for a dividend, at the rate of 5
per cent. per annum, leaving a small balance for
the next half-year. The high price of provisions
had been seriously felt. The hotel and establish-
ment, working on a fixed and published tariff of
prices, could not make sudden alterations to meet
the unexpected rise in the cost of all supplies. Not-
withstanding the extensive failures which had crip-
pled so many enterprises, the works which were to
connect this hotel with the northern railways and
with the city had never been interrupted, and the
confidence of the Board was still unshaken in their
belief that these works would, when completed, place
this company on as solid and satisfactory a founda-
tion as that of any similar undertaking in the coun-
try. The capital account showed that £166,891 had
been expended, leaving a balance' of £1,761.
The CHAIRMAN, in moving the adoption of the
report, said on the last occasion when they met
there had been a serious falling off in the receipts.
On the present occasion they had not only satisfac-
torily recovered that, but they had made a very
large profit during the past half-year. The total
increase during the past half-year as compared with
the same of last year, was only £4OO. The divi-
dend had been left to the shareholders to determine,
but the directors recommended one at the rate of 5
per cent. He was of opinion that it would be better
to leave the money in the directors' hands for a short
time, and when they were in a position to do so
they would declare the dividend.

The report was adopted, and after some discus-
sion a dividend of 5 per cent. per annum was de-
clared, payable Ist Oct. next. A vote of thanks to
the chairman concluded tho proceedings.