The Sun.
London, England, 1850-09-03 00:00:00

SOUTH YORKSHIRE.

The half-yearly meeting of this company was held
at Sh.-ffield on Saturday. Lord Wharnelift presided.
After the usuAl preliminaries had been gone
through, the secretary read the report. It congratu-
lated the proprietary upon the fact that, in addition to
the railway, the amalgamated company possessed an
uninterrupted navigation from Sheffield to the east
coast. The directors had pleasure in stating that the
passenger traffic on the South Yorkshire Railway
was satisfactory in extent and steadily increasing. The
mineral traffic, from which the greatest amount of
profit was expected, had nut yet had time to develops
itself, the branch lines into the South Yorkshire coal-
fields being yet in an unfinished state. Mr. Bartho-
lomew, the company's engineer, had reported that
there was a prospect of a great increase of traffic.
The amount available for dividend for the half-year
was 9,2911., being made up of an unappropriated
surplus from the River Den, combined with the
earnings of the railway. It was proposed to pay a
dividend of 6 per cent. per annum from the com-
mencement of the half-year to the 19th of April (the
time when the amalgamation took place), and 2 per
cent. per annum from that date to the 30th of June,
leaving a balance of 3,0511. to be carried to the next
half-year's account.

The CHAIRMAN, in moving the adoption of the re-
port, spoke of the satisfactory working of the amal-
gamation, and remarked that, as compared with other
railways, the South Yorkshire stood at least in as fa-
vourable a position as any.
The report having been seconded, was carried
nem. con.

The next resolution confirmed the forfeiture of
5,271 shares, upon which 16,500/. had been paid, or
31. 24. 61. per share, involving a loss of 21. per share
to the company, according to the present market
value of the shares.

Another resolution was passed declaratory of the
dividend proposed by the directors.

The meeting then became special, for the purpose
of considering a proposal emana ing from the board,
to allot to such of the proprietors of River Dun shares
as chose to accept them 150 shares, equal to 3,0001.
stock, bearing a pre'erential dividend of 4 per cent.
per annum tor each River Dun share, in lieu of MO
shares bearing the fluctuating dividend to which they
are entitled under the Act of Incorporation ; such
new stock to be liable to be redeemed at any time
within ten years, on the payment of 3,5001.
This proposition met with a great amount of oppo-
sition.

The CHAIENIAN stated in explanation that it was
desirable fur the railway to have a certain obligation
instead of a fluctuating one, and
Mr. DENISON contended that it would be preferable
for the proprietors of River Dun shares to have a
certain definite value attached to their property, be-
cause much of it was held in trust.

After an animated discussion, the question was de-
ferred for twelve months, that the River Dun pro-
prietors might have tinhe to ascertain whicla course
would best suit their interests.

A vote of thanks to the chairman ended thc business.

BEVERLEY AND MARKET WEIGHTON.
A public meeting, convened by the Mayor upon a
numerously-signed requisition, was held at Beverley
last week, to consider the propriety of taking steps
to forward the completion of the line ; Alderman
Sandwich in the chair.

The CHAIRMAN in opening the proceedings stated
that they had suffered much from the want of
a communication between Beverley and Market
Weighton since the opening of the Hull and
Selby Railway, which had driven the coaches
off the road, and they were now left almost en-
tirely to chance to go through to Market Weighton
and York. He understood that in the Hull and
S-lby Railway Act there was a provision fur a rail.
way from Beverley to Market Weighton, and the
object of the present meeting, he believed, was to
memorialise the directors to fulfil their undertaking.
After some observations in favour of the project,
and on the great importance of the line to the inhabi-
tants and trade of Beverley, by Messrs. Boyes, Cross-
kill, Collins, and Tigar, resolutions were passed to
the effect that in the opinion of the meeting it was
absolutely incumbent on the York and North Mid-
land Company to complete 'the line from York
through to Beverley, as a rival line which was con-
templated was only abandoned on the faith of the
directors of that company perfecting the line in
question ; and that a memorial be presented to the
directors of the York and North Midland Company
on the subject.
The proceedings concluded with the usual vote of
thanks.

GLOUCESTER AND DEAN FOREST.
The half-yearly meeting of this company was held
at the Bell Hotel, Gloucester, on Saturday last (31st
ult.); S. Baker, Esq., in the chair.
The accounts presented to the meeting showed a
balance iri hand of 26.5271. 15s. 7d.