The Sun.
London, England, 1857-02-05 00:00:00

WEAR VALLEY.

The half-yearly meeting of this company wag held on
Monday at Darlington ; Mr. P. Smith in the chair.

The statement of accounts showed that 783,9501. had
been received on shares, and that the present loan capi-
tal amounted to 37,0001., making a total capital (in.
eluding some receipts as premium, ko.) of 823,203/.

. ,
The- statement of accounts was then received and
adopted.

Mesers. Hepple and Johnson were reelected directors,
and Mr. C. Robson auditor.

A request was made that the Stockton and Darlington
Company would send out dividend warrants for the
guaranteed six per cent. with their own, and it was con-
sidered desirable that this company's shares should be
cimverted into a preference stock of the Stockton and
Darlington Railway.
A vote of thanks to the chairman closed the pro-
ceedings.

COLCHESTER AND STOUR VALLEY.
The statement of the accounts of this company to the
31st of Dec. last shows that the directors have applied
the half-year's rent received from the Eastern Union
Railway Company to the further liquidation of the bond-
debt of the company, in compliance with the resolution
of the shareholders at the general meeting held in Aug.
last. The receipts and expenses on capital account
amounted to 281,8481.

BRADFORD, WAKEFIELD, AND LEEDS.
The report states that the masonry, tunnel, and other
works are making satisfactory prog►resa, but that the
earth-works are in a backward state in consequence of a
eontinuation of bad weather. About 50 yards of the
tunnel remain to be completed, and the bridges and other
works are nearly finished. The capital account to the
21st of Dec. last shows that 143,5541. had been received,
including 49,6501. on loan, and 142,1471. expended ;
leaving a balance of 1,4071.

STOCKTON AND DARLINGTON.
The report of the directors of this company states that
the revenue accounts for the half-year ending December
31st last amounted for dues on minerals to 129,9111. ;
for merchandise to 24,3831. ; for passengers, mails, &c.,
to 17,311/. ; and for rentals, &c.,tto 1,7451.—t0ta1,
173,3911. The way, rolling stock, and other appliances
are in excellent order. Of the sum expended during the
half-year about one-half is for rolling stock, and the re-
maining moiety on account of the new branches and
station accommodation. The board have received over-
tures for relations of a more permanent character be-
tween the company and the Middlesborough and Guis-
borough, and Darlington and Barnard Castle companies;
these have been entertained by the directors in a liberal
spirit. The intended communication betwee❑ the east
and west coasts, known as the South Durham and Lan-
cashire Union Railway, now waits the sanction of the
Legislature. It is difficult to estimate the amount of
advantage to be derived specially to the iron trade from
this communication, or its undoubtedly beneficial effects
upon the prosperity of these districts. The board re-
commend that out of the balance of profits remaining
after payment of all interest, preference dividend,, and
rents, a dividend at the rate of 10 per cent. per annum
be paid on the ordinary shares of the company. The
accounts show the receipts on capital account to have
been 1,599,1731., and the payments 1,466,9241., leaving
a balance in hand of 132,2491. The expenditure on
capital account during the last half-year was 61,8041.
The revenue account for the half-year ending December
31 showed that 173,3911. had been received and 95,240/,
expended, leaving a balance of 78,1511. The interest
on bonds amounted to 9,255/., leaving 68,8961. available
for rentals and dividends.