The Sun.
London, England, 1861-11-06 00:00:00

BUFFALO AND LAKE HURON.

Yesterday the half-yearly meeting of this com-
pany was held at the London Tavern, Mr. H. W.
Andrews, in the chair.

Mr. T. SHORT, the secretary, having read the
notice convening the meeting, the report was taken
as read.

The CHAIRMAN, in moving the adoption of the
report, said the directors considered it better to
present it in a condensed form than at greater
length. Their main expenditure had been on that
portion of the line near the waters of Lake Huron
and on the necessary works at the harbour of Gode-
rich. Sufficient had already been done to insure
the company a good and profitable trade, though
unfortunately the works had not been completed in
time for them to fully avail themselves of the traffic
brought to the railway. Other works yet remained
to be done which would be attended with some ex-
pense. The directors had applied for pecuniary
assistance to the Canadian Legislature, but they
had not hitherto listened to them beyond granting
a select committee to consider the subject, and
causing a survey of the coast to be made by the Go-
vernment engineer to ascertain which was the best
harbour; but he thought there could be no doubt
that Goderich would be found to be the best. The
passenger traffic on their line had not increased,
but there had been a considerable increase in the
carriage of live stock which he thought they might
safely congratulate themselves upon. They could
now pay their way and something more. Their
expenditure' had increased, which was owing to
their increased business and wear and tear of their
rolling stock, but he believed they had seen the
worst of that. There was a great want of trucks
for the carriage of goods, and from the want of them
they were in danger of losing'some of their business.
A car company had been started, but had not been
well supported, only about 50 or 60 cars hav-
ing been built, and in conseque#ce they had been
obliged to convert the platform ca.kriages into trucks
to accommodate the traffic which/ was at their doors
and which for the want of efficient cars they
dould not convey. With regard to the postal sub-
sidy, the directors had not been finabled to do any-
thing. They had been very economical in the man-
agement of the line ; the balancersheet showed that
the works had been carried on with as little ex-
pense as any similar undertaking, and he was glad
to
,say that the powers given them by the share-
holders had not been exceeded. Although the Ca-
nadian Government had refused assistance to them
they had given it to other railway companies, and
they were therefore left to their ownresources. The
time had now arrived when it was necessary to call
in the aid of the shareholders, and the directors
therefore recommended the appointment of a com-
mittee to consult and concert with them as to the
best means of supplying the necessary funds and
what course should be adopted.
*Mr. P. RAWSON seconded the motion for the
adoption of the report.:

Mr. POWELL inquired what measures had been
taken with the Government of Canada with regard
to the mail service.

The CHAIRMAN replied that he believed nothing
further had been done than presenting the petition
agreed upon at their last meeting.

On the motion of the Chairman, seconded by Mr.
G, Rose, the following gentlemen, with power to
add to their number, were elected to act as a com-
mittee of consultation :—Messrs. C. Makins, T. W.
Powell, T. It. Cobb, S. Lawrence, J. A ikin, E.
Johnson, and M. Hyslop,
The CHAIRMAN then moved that the meeting be
adjourned to the sth of December, which was
seconded by Captain Dashwood and carried.
A vote of thanks to the chairman and directors
terminated the proceedings.