The Sun.
London, England, 1859-02-16 00:00:00

NORTH LONDON.

The half-yearly meeting of this company was
held yesterday at the Railway Station, Euston-
square ; Mr. R. D. Mangles in the chair.
Mr. CHUBB, the secretary, read the minutes of
the last meeting, which were confirmed. The report,
an abstract of which has appeared in The Sun, was
taken as read. _

The CHAIRMAN, in moving the adoption of the
report, congratulated the shareholders and the
public on the successful working of their little line.
It was very useful to the London and North-
Western in conveying traffic to and from their
warehouses in Hay-don-square, and the close alliance
of the two companies was mutually beneficial to
both. The opening of the Hampstead Junction
Railway in the course of the summer would give
them a considerable accession of traffic. The Great
Northern Railway Company had formed a junction
with their line near King's-cross, for the purpose
of conveying goods to the Great Northern ware-
houses in te city on the Blackwall Railway,
which would, no doubt, be as useful to them as the
Haydon-square depot was to the London and
North-Western Company. With regard to the late
accident on the line, the matter had been investi-
gated by the directors and the officers of the Board
of Trade, and it appeared that no serious blame was
imputable to any one, but that it had occurred in
consequence of the density of the fog, and owing to
the defective working of some signals which were
intended to be self-acting. A large sum had been
set apart for compensatinn ; in fact, a larger sum
than had been paid out. There was no serious
prospect of diminution to any future dividend from
that accident. He was always of opinion that Lord
Campbell's Act inflicted great injustice on railway
companies from the manner in which it operated.
The amount of compensation depended upon the
position and the sum the party was earning prior
to the accident, instead of depending on the amount
paid for fares, or by way of insurance. The direc•
tors felt that great credit was due to their secretary
and manager, Mr. Chubb, who had a very difficult
and delicate task to perform in settling with those
who had been injured. He had performed that
heavy task fully to the satisfaction of the directors,
and he hoped to the satisfaction of the shareholders
and all concerned.
Resolutions were passed adopting the report ; de-
claring a dividend of 21. 10s. per cent. for the past
half-year on the paid•up capital of the company ;
converting the 101. shares, amounting to 75,000/.,
into capital stock of the company, and re-electing
111 r- G. G. Glyn, M.P.' and Mr. G. Allender, the
retiring directors, and Mr. Saunderson, the retiring
auditor.

A vote of thanks to the chairman and directors
concluded the proceedings

ROYSTON AND HITCHIN.
.The half-yearly meeting of this company was
held on Monday at the ofice, St. Helen's•place,
Mr. W. Reed in the chair.
The CHAIRMAN said the main object of the meet-
ing was to declare a dividend, which was guaran-
teed to them by the Great Northern Railway
Company. He then moved a formal resolution,
declaring a dividend at the rate of 6 per cent. per
annum for the past half-year, less income-tax, and
14d. per 6/. ss. Stock for expenses, on the Royston
and Hitchin and Shepreth Stocks.
The motion was seconded and adopted.
Mr. J. Arbouin, and Mr. J. Phillips, the retiring
directors, were re-elected, and the meeting sepa-
rated.

GREAT SOUTHERN AND WEST-ERN.
The al f-y-early meeting of this company held on
Saturday, passed off with less discussion than
usual. It has been finally arranged that all points
in dispute between the Great Southern and Western
and Midland Great Western companies shall be
left to the arbitration of Captain Pugh, nominated
by the former company, and Mr. Watkins,. nomi-
nated by the latter, with power to appoint an
umpire, whose decision shall be final.

SOUTHAMPTON DOCKS.
The report and statement of accounts show a net
revenue for the half-year ending the 31st December
(including the 45/. from last account) amounting to.
7,041/. Out of this sum the directors recommend
a dividend for the half-year of 1/. 17s. 6d. per cent.,
being at the rate of 3t, per cent. per annum,
amounting to 6,756/., and leaving 285/. to the credit
of the next account. The accident to the north
wall of the inner dock has occasioned much delay
in the. completion of that dock, and some loss of
revenue to the company ; but it is expected that
the dock may be opened for the reception of vessels
in the course of the next month. The dock will
then afford at its quays and jetties ample accom-
modation, with abundant depth of water, to a con-
siderable number of the largest class of ships and
steamers, with every facility for loading and dis-
charging their cargoes, and for their conveyance
by rail to and from the ship's side to every part of
Great Britain. The extra charges in cense-
qnence of strengthening the works will make the
cost of the dock amount to £50,000, and will re-
ire an additional sum 0f,i10,000, to meet which
die directors recommend the creation of a further
amount of fixed 5 per cent. preference stock,
450 000
making-the total