The Sun.
London, England, 1857-02-16 00:00:00

GREAT WESTERN.

The lialf-yearly meeting of this company was
held on Friday at the station, Paddington ; Lord
Barrington, M.P., in the chair.
Mr. Saunders, the secretary, read the notice con-
vening the meeting. The report, an abstract of
which has appeared in The Sum, was taken as read.
The CHAIRMAN said—ln consequence of the pub-
licity which, at the request of the Committee of
Consultation, has been given, and very properly
given, to their proceedings, the necessity is not en-
tailed upon me of going into all the minutiaa of the
affairs which have been brought before the directors,
and called upon Mr. Miles to address the meeting.
Mr. N. MILES, M. P., expressed the great pain
be experienced at finding himself opposed to the
board of directors, with whom it had been his plea-
sure to coincide on many occasions, and moved the
following resolution :
"That, in the opinion of this meeting, the present
system of management of the Great Western Railway
Company is defective, and requires amendment."

Mr. WITHERS seconded the motion.
Mr. NORRIS opposed the motion, on the ground
that the committee had not carried out the object
for which they were appointed at the last meeting
at Bristol. He begged to move as an amendment--
"That this meeting, having fully considered the re-
spective reports of the deputation of shareholders and
the board of directors, decline to adopt the recommenda-
tions of the deputation ; that the objects sought to be
attained by the deputation were not warranted by the
terms of their appointment ; that the re-election of Mr.
Baker and Mr. Potter, after they had retired, would
weaken the board at a time when harmony was most
necessary in the company and that unity of action should
prevail, and the board of directors had exercised a sound
judgment in appealing to the shareholders on this sub-
j ect."
Mr. AVERY seconded the amendment of Mr.
Norris.

The question was put, and the show of hands
being against the amendment, a ballot was de-
manded.

It was announced that the poll would remain
open till 8 o'clock, from 10 to son Saturday and
Monday, and from 10 to 11 on Tuesday, when it
would close.

The report wars then adopted, and the dividend
declared.

The meeting adjourned until 2 o'clock on
Tuesday.

LONDON AND NORTH-WESTERN.
The directors of this company have just issued
their report. It states that the directors have
again to report a steady increase in every depart-
ment of traffic. The usual tabular statement of
receipts and expenditure exhibits fog the past half-
year an increase of 15,4231. in the receipts for pas-
sengers, ”arcels, mails, &c., and of 45,4561. in the
merchandise, making togther 60,879/. The "in-
crease in the working expenses amounted to 23,2601.,
leaving the net increase 37,619/. The two addi-
tional lines, already authorised, between Camden
station and Willesden, have been let undercontract
to complete them in nine months from the present
time. In consequence of the high rate of interest
which has prevailed for thepast few years the direc-
tors have hitherto deferred making any call upon
the 121.105. shares, created on the 30th April, 1853.
It will, however, shortly be necessary to do so (the
20/. and 10/. shares being now fully called up) ; and
as it is desirable that the holders should know the
dates at which these calls will be made the direc-
tors have decided that they now be fixed as follows:
—first call of 21. 10/. per share, payable July 1,
1857 ; second ditto, July 1, 1858 ; third ditto,
July 1, 1859; final ditto, July 1, 1860, from which
last date these shares will take dividend as ordinary
stock. The directors request a vote of the proprie-
tors
profits of h
for the works,
halfyear involvinger those
of h
exceededan outla outlay 25,361!.te
The
corresponding period by 39,9631. 10s. 7d., and the
directors are therefore enabled to recommend a
dividend at the rate of Si. 10s. per cent. per an-
num.

NORTH-EASTERN.
The disposable balances on the Berwick and
York revenue accounts, after paying all preferen-
tial charges, amounts to 165,335/. and 64,593/. re-
spectively ; and the directors recommend that divi-
dends be declared on the Berwick stock and shares
at the rate of 42 per cent. per annum, and on the
York stock 3i per cent. per annum, leaving bal-
ances of 11,0511. and 4,2421. to be carried forward.
The Leeds revenue account shows an available
balance of 14,568/.