The Sun.
London, England, 1857-09-03 00:00:00

EDINBURGH AND GLASGOW.

On-Tuesday the half-yearly meeting of this com-
pmy was held in Glasgow—Mr. •P. Blackburn,
M.P., in the chair.
The report was adoptoi, and a dividend at the
rate of 3 per cent. per annum declared ou the ordi-
nark stock, and of 5 per cent. per annum on the
preference stock.
It was also agreed to consolidate the Stirlingshire
Midland Junction Railway Rlid-up shares into a
general capital stock.
The much-disputed question at issue between the
Edinburgh acid Glasgow and the Stirling and Dun-
fermline Companies, as to whether the Act of Par-
liament imposed a limit or not on the sum on which
the former might be called to payinterest, was then
discussed.

Mr. SwANwICK, of Manchester, moved a resolu-
tion, to the effect that the Erlinburgh and Glisgow
Company should acquiesce in the decision of the
courts of law.
Mr. A. PATON seconded this motion.

Mr. HARPER, moved as an amendment, that the
whole matter be remitted to a committee, consist-
ing of three shareholders and two directors, to meet
with a similar committee en the part of the other
comp tny.
The amendment wa4 carried by 18 to 15. It
was then agreed to adjourn the meeting for the pur-
pose of making up the votes by proxy as held by
both parties.
Dr. COWAN then proposed a motion that steps
should be taken for an amalgamation between the
two companies as the most effectual means of
putting a stop to litigation.
This motion was adjourned till next day.

DUNDEE, PERTH, AND ABERDEEN
JUNCTION.

The half-yearly meeting of this company was held
on Saturday at Dundee ; Lord Kinnaird iu the

chair.

The report stated that the receipts on the Dun-
dee and Perth line during the half-year amounted
to 23,702/ , an l the surplus from the Dundee and
Newty le line to 4301., making, with 840/., the
balance from the last account, 24,936/. From this
9,5351. was deducted for working expanses, 5,1311.
fur interest on leaus, and 1,0711. for rents, poor-
rates, &c., making together 15,6831., and leaving
an available sum of 9,2531. Out of this the direc-
tors propose 16,4591. for dividend on the preference
shares, and 2,7931. for dividend on the ordinary
shares, which, at the rate of 12 per cent. per an-
num, or per cent. above the dividend declared at
the corresponding period of lost year, left a balance
of 1721. The average rate of interest on the de-
benture debt appeared to be 41. 17s. per cent.
Tha CHAIRMAN, in moving the adoption of the
report, sail ha thought they ought to be satisfied
with the gradual progress of the traffic. There had
been a considerable increase in the local t affic,
although the general increase had not been great ;
but they should bear in mind that, as the originol
capital of the company did not exceed 300,0001.,
aoy small increase of traffic, after paying the prefe-
rence charges, would go to increase the dividend of
the original sliarel.oldert Since the accounts had
teen closed the r.,venue had shown an increase of
1001. a week over the corresponding period of the
preVious year. •
Mr. KENNDY seconded the motion fur the
adoption of the report, which, after some opposition
' from Mr. HUNTER, was carried. The dividends

1857

were declared, and proceedings concluded with
a vote of thanks to the cbairnin.

GREAT SOUTHERN AND WESTERN.

TLe half-yearly meeting of this company was bell
in Dublin on Saturdiy, Sir E. INl'Donuell in the
chair.

Resolutions were passed adopting the report, de-
claring dividend on the preferential stock, and also
one at the rate of 5 per cent. per annum on the con-
solidated stack of the company.
The retiring directors were re-elected and the
meeting separated.