The Sun.
London, England, 1868-02-07 00:00:00

()UDE AND ROHILKUND.

The ordinary general meeting of this company
was held on Wednesday, at the City Terminus
Hotel, Cnnnon-street ; Mr. W. Dent in the chair.
The report was taken as read.
The CHAIRMAN, in moving the adoption of the
report, said the future operations of the company
would depend upon the decision of the Government
of India as to the lines which were to be first con-
structed. The directors expected by every mail to
receive information that it had been filially settled
to complete the line between Benares and Luck-
now, with branches to Byrain Ghat and Fyzabad,
comprising 230 miles. The directors had given the
shareholders the opportunity of paying up on their
shares, and that had put the company in funds for
some time to come, but if they were to proceed
with the new works further capital would soon be
required. The districts they would have to serve
were very favourable for the construction of rail-
ways, and with the exception of crossing the
Ganges near Cawnpore, there was not an engineer-
ing work of any difficulty to be encountered, and
as the embankments would not exceed 3ft. in
height, the line would ba formed by digging a ditch
at each side and throwing the soil on the line. It
was expected that some arrangement would be
come to with the Government of Bengal respecting
the Nulhatee line, as the residents in the neigh-
bourhood were anxious that it might be allowed to
remain for the benefit of the district through which
it had passed.
In reply to questions it was stated that a com-
mittee of Engineer officers had been appointed to
report on the line and rolling stock of the Cawn-
pore and Lucknow Railway, with a view to ascer-
tain whether some improvements might not be
made in the construction and working of that line
before commencing the other lines. It was stated
by the managing director that the alterations requi-
site in the rolling-stock that had been sent out
were not important, and the expense would be
small.

The report was adopted, and the directors were
authorised to convert into stock the shares as and
when they
were paid up in full. The proceedings
concluded with a vote of thanks to the chairman.

GRAND TRUNK OF CANADA.
The traffic receipts on this company's lines for
the week ending Jan. 18 amounted, for conveying
18,334 passengers, to £6,132 ; for mails, &c., to
£1,027; and for 16,643 tons of freight and live
stock, to .£l6,oB6—total, £23,215, against £22,380
for the corresponding week last year, showing an
increase of £865.

ENGLISH AND FOREIGN CREDIT (LIMITED).
The ordinary meeting of this company was held
on Tuesday, at the offices, Winchester-buildings ;
Mr. G. Sheward in the chair.
The report stated that the net profit during the
half-year ending December 31 amounted to £5,442,
including £1,332 brought from the preceding half-
year. The directors recommended a dividend of
ss. per share, free of income-tax, which would ab-
sorb £2,990,
leaving a balance of £2,452 to be car-
ried forward.

The CHAIRMAN, in moving the adoption of the
report, congratulating the shareholders upon re-
ceiving a better dividend than might have been an-
ticipated, and assured them that it had been
honestly earned. The question as to their advances
to the Italian companies had not been settled, the
case having been adjourned by the Court. The
securities of the company had been estimated at the
value at which they were originally received. In
consequence of the state of inDnetary affairs, the
directors had to some extent contracted their busi-
ness, but they had not been obliged to make a call
on the shareholders or to sell any of their securities
at a low rate to meet their engagements.
The report was unanimously adopted, and the
dividend of ss. per share was declared.
The retiring directors and auditors having been
re-elected, the proceedings concluded with thanks
to the chairman.