The Sun.
London, England, 1861-10-02 00:00:00

1? rl LT, TVA Y INTELLIGEA CE.

WIMBLEDON AND DORKING.
A special meeting of this company was held on
Monday at the office, Poet's-corner, Westminster;
Mr. Remington in the chair.
The SECRETARY read the report, which stated
that the directors had concluded an arrangement
with the London and South Western Railway Com-
pany for the transfer of the undertaking to that
company. The South Western Company would
adopt the Dorking Company's debt of £23,000,
would provide £25,000 for the purpose of paying
off its floating debt, which had been estimated to
amount to that sum, and would issue so much of
the 41 per cent. preferential stock of the London
and South Western Railway Company to the share-
holders of this company as would yield upon their
shares 31 per cent. per annum for four years from
the 3d of April last, and 4 per cent. par annum in
perpetuity thereafter. The South Western Com-
pany had further agreed, in order to simplify the
above arrangement, at once to allot 41 per cent.
st.ck, to yield 4 per cent. in perpetuity on the com-
pany's shares as from the 3d of April last, upon
receiving in cash the difference between 34 and 4
per cent. for four years upon the company's capital,
and the funds at the disposal of the directors would
enable them to make this payment.
On the motion of the CHAIRMAN, seconded by
Mr. MANGLES, a formal resolution wan passed
authorising the directors to carry out this arrange-
ment.

Mr. W, Jackson, M.P., and Mr. R. Henderson,
the retiring directors, were re-elected, and the pro-
ceedings terminated.

EPSOM AND LEATHERITEAD.

A special meeting of this company was held on
Monday, at the office, Poet's corner, Westminster;
Mr. G. Best in the chair.
The report stated that the rent to be received
from the South-Western Railway Company for the
half year ending the 30th of June last, would, after
payment of the debenture interest, amounting to
£228, suffice to pay a dividend of ss. per share,
being at the rate of ss. per cent. per annum, leav-
ing a balance of £l2. The London and South-
Western Railway Company had obtained Parlia-
mentary power to complete the purchase of the
railway for £44,444 of South-Western 41 per cent.
guaranteed stock, giving an income equal to £2,000
a year. From that amount of stock the South-
Western Company was to deduct £lO,OOO, and take
upon itself the debenture debt of the company,
amounting to £lO,OOO. Of the residue of the stock,
£33,030, bearing interest from the Ist of July last,
was to be forthwith allotted to the shareholders at
the rate of £ll per share, leaving a balance of
£1,444, which was to he retained by the directors
until a few unsettled matters had been adjusted,
when the balance would be divided pro rata among
the shareholders, and the company would become
extinct.

Mr. ROY, the solicitor, having read the deed of
transfer,
The dHAIRMAN moved a formal resolution, autho-
rising the directors to transfer the undertaking to
the South-Western Railway Company.
The resolution was carried unanimously.
A dividend of ss. per share was declared, and.
Messrs. G. Best and T. E I. Hutchins were re-
elected directors to assist in winding up the affairs
of the company.

MUCH WENLUCK AND SEVERN JUNCTION.

The half-yearly meeting of this oompany was
held at Much Wenlock on Monday, Mr. W. P.
Brookes in the chair.

The Secretary read the report, which stated that
the works were in a most satisfactory state, and that
it was intended to open the line on the 22d of
October. The report recommended that the com-
pany should take powers, jointly with the Great
Western, West Midland, and Shrewsbury and Here-
ford Companies, to subscribe £lO,OOO each towards
the formation of the Coalbrookdale extension, which
included a bridge over the river Severn, by means
of which access would be obtained to the iron dis-
trict of Shropshire.
The OIIAIRMAN, in moving the adoption of the
report, expressed his regret that the works on the
Severn Valley and on their own branch were not
sufficiently forward to warrant the commencement
of goods traffic, but he believed they would be ready,
as announced, on the 22d of October. The traffic
in time would be immense, and upon the heavy
goods their line depended for paying a dividend.
The report was unanimously adopted.
The meeting was then made special to consider
the propriety of subscribing £lO,OOO towards the
Coalbrookdaic extension.

The CHAIRMAN pointed out the advantages of
this extension, which, with the line from Wenlock,
to join the Shrewsbury and Hereford at Craven
Arms, would be of the greatest benefit to their line.
If they agreed to subscribe the money, the Great
Western would work the whole line, paying 5 per
cent. interest upon the capital.
After some discussion. a resolution authorking
the directors to issue new shares to the extent of
XlO,OOO was agreed to.
The proceedings then terminated.