The Sun.
London, England, 1850-08-31 00:00:00

WEST CORNWALL

half-yearly meeting of thi, company sits ht Id
;Ely at the King's Arms lIo:(1, Westmt Lat(r; Mr.
Wills in the chair.

The report stated that an arrangement had been con-
e eluded with the proprietors of the 4,000 shares considered
as having been fully paid upon, representing the interest
of the late llayle Railway Company, under which they
will be entitled to the same amount of dividend only as
the other shareholders in the West Cornwall Railway
Company, until the last-named parties shall have re-
I caved by way of dividend an amount equal to 5 per
cent. per annum upon the whole sums for the time being
paid by them upon their respective shares. The com-
pany are authorised to open the line on the narrow
gauge. The lift at Hay le will be obviated by a branch
or incline to the wharfs there. The directors consider
that the turn of 50,000 L will be sufficient for the con-
struction of the extension from Hayle to Penzince.
The land required for the extension has been obtained
(with two exceptions) upon equitable terms. Upwards
of 1,000 shares have been diepostd of upon tt e terms
referred to in previous riports, principally to par-
ties of influence resident in Cornwall. The directors
think there is reason to believe that a formal proposition
will during the vacation be made to them by Mr. Mowed,
with a view to the compromise of the matter in question,
in which case the directors will deem it tbeir duty to
convene a special meeting of the shareholders for their
decision on the terms. The revenue account fur the half..
year exhibits, as compared with the correspondieg
period of 1849, an increase of 677/. The expenses have
been 6,8461., against 6,0991. for the corresponding half-
year, being an increase of 7461 This sum includes 400/.
for new rails, and 1741., the cost of a new rope required
for the inclined plane, leaving an increase only of 172/.
for the additional traffic. The directors have concluded
their negotiations with the holders of the 30,0001. loan
notes issued by the Hayle Railway Company, under
which payment is deferred until June, 1852, with the ex-
ception of sums amounting to 2,0001, which have been
paid off by the West Cornwall Company, leaving
28,0001. due on these securities. The la.e chairman of
the company, Captain W. S. Moorsom, has resigned,
and his seat at the board has been supplied by the ap-
pointment of Mr. F. P. Barlow. The vacant chair has
been accepted by Mr. H. 0. Wills. of Bristol. The
capital account showed that 213,115/. had been received
and 211,9751. expended, leaving a balance of 1,1394 The
revenue account for the half-year ending the 30th of
June stated, that 7,4251. had been received, and 5,9471.
expended, leaving a Waive of 1,4784
On the motion of the CRAIRMIN the report was re-
ceived and adopted.
A long discussion ensued on the subject of the agree-
ment alleged to have been entered into between the late
chairman and Mr. Mowatt, having for its object to
postpone certain legal proceedings.
Captain Moonsam read a statement relating to Mr.
Mowatt's suit, and exculpatory of himself with reference
to objections made to his conduct at the last meeting of
shareholders.

Mr. HARRISON, after soma preliminary obaervationa,
stated that the main charge against Captain Moorsom
appeared to be, that he had stated that no agreement
had been entered into by him with Mr. Mowatt with
regard to an tetion at law pending between the latter
gentleman and the company, but it appeared that a
negotiation on the subj. et had been carried on between
those gentlemen.

After a long conversation, it was ultimatily agreed to
let the matter drop.
Resolutions wero passed confirming the forfeiture of
385 shares, increasing the rumber of doectors to twelve,
electing Messrs. J. P. llarrison, L. Vigurs, and G. M.
Harrison directors, under the provisions of the receht
West Cernwali Act, to re present tho Hayle R.dlway
proprietors at the Kiard, and electing Mr. Davey a
director in the room uf Mr. Biz; ker, who retired.
The proceedings concluded with a vote of thanks to
the chairman tra I di; e t

NEWPORT, AI3ERGAVENNY, AND HEREFORD.
Yesterday the half-) eaely !meeting c.f the proprietors
was convened at the London Tavern, the Lion. W. E.
Fifzmaurice in the chair, but es a sufficient number of
share h.ldera did not attend to constitute a legal meeting
no business was transacted beyond the presentation of a
printed report, which state.] that the debts outstanding
against the company at the period of the last general
meeting had been discharged, except the loan from the
banker,', amounting to 2,500/, which is etill due. To
meet ths liability, and any current claims, a large
amount of arrears of call remains to be recovered; but
9hs utmost reiistance is opposed to the rec./very of these
sums by some parties who seek to relieve themselves of
their liabilities. Actions are proceeding against these
parties, and the directors are sanguine that the unsatis-
fied claims will be met from the moneys in course of re.
coveiy. It was with regret the directors obierved that to
the north of Hereford the Shrewsbury and Hereford
Railway Ccmpany have not yet raised the required capital
whilst to the south of Pontypool the line in course o f
construction by the Monmouthshire Canal Company, to
Newport, is still unfinished. Under these circumstances,
the directors applied to the Llanvihatigel, Grosmont, and
Hereford Tremroad Companies for an extension of their
existing agreements to August, 1855, the period at which
this compauy's power for constructing their lice will ex-
pire. The directors expect that the revenue of the tram-
roads will defray the costs of their repairs and manage-
ment, and pay the accruing interest on the unpaid por-
tion of the purchase-money. The general cash state-
ment to the 31!:t of July last showed a total receipt of
99,1191., and a total payment of 98,9501., including during
the last half year an expenditure of 1,0961 The tram-
roads revenue account from the it of January to the
30th of June showed an income of 2,1511; expenditure,
4011.; cash transferred to Newport and Abergarenny
Company, 7181.; cash in, hand, 4621. ; outstanding ac-
counts in process of collection, 5761.
In reply to inquiries from Mr. Robinson and other
proprietors,

The CHAIRMAN said that sinee the balance-sheet bad
been made up, some 400/. bad been received which did
not appear in the accounts. There was a general under-
standing with the tram-road companies that they would
carry on the undertaking in conjunction with this com-
pany, but there was nothing to bind them to do so be-
yond next July. The company would have to 'ray the
tram-roads 25,000/. if the concern went on to complete
the. purchase of those roads, or one-half the amount
ready paid. Tho reduction of the di, ectors to Live had
been effected, and they were not aware of any lia-
bilities Leyond the 2,5001. There was a conditional
contract with a contractor, who was ready t) advance
100,0001 if the concern were carried out. The most ra-
tional thing to be done was to take the sense of the dis-
tricts through which the line was proposed to rue, but
this would, perhaps, be premature until the Shrewsbury
and Ihretord Itellwzy was completed to the latter place.
Mr. J. Bliley, the extensive irontra ter, was prepared to
wet in its formation, end there was no intention of mak-
ing a c4ll.
The meeting then adjourned.

NE XRY, WARRENPOINT, AND ROSTREVOR
The half-yearly meeting of the shareholders in this
undertaking was held in Liverpool yt,sterday. Mr. F.
Shand occupied the chair.

Tho report stated that the moat important transaction
aicco the last meeting has been the completion, under
certain mcdrficati. ns, of the contract signe.l by Mr. Dor-
gan in November last, for woe king the traffic. The di-
rectors succ rded in eft,cting an agreement by which
Mr. Dargan is to work the traffic Li. five Jeers, and pay
the company the nq sum of 2,6001 ter annum, in weekly
sums of 501., and equally divide with the company what-
ever the gross receipts exceed 801. per week. A very
important feature in the arrangement was the purchase
by Mr. Dargan of the engines, tenders, and carriages at
the cost price of the company, which amounted to
12,0001., to be paid for by Mr. Dargan surrendering
mortgages for 10 0001., and the balance toing settled iu
account. Under this arrangement the company's mort-
gage debt is re !treed by the priacipAl sum cf 10,0001.,
and 6001 per annum interest thereon.
Th, capital tree iunt to the 30th June showed that
116,6521. had been received, and 116,2441. expealee,
leaving a balance of 4801. The revenu.: account showed
that 1,3471. had been received, and 499/. expended,
leaving a balance c f 8471.
The Cuarftmax, in moving the adoption of the re-
port, pointed out that the receipts of the lice had
greatly increased since it had been worked by Mr. Dar-
gan, and held out hf.p.-s as to the future pro•pects of the
undertaking.
Mr. RILEY expressed a conviction that the line would
eventually be leated by the Belfast Junction or the
Newry and Enniskillen Company.
The report was unanimously adopt d, and a vote of
thinks to the chairman brought the meeting to a close.

BRISTOL AND SOUTH WALES J uNcriort.--Tisis cote •
pany was to have Le,ld its hal:-yearly meeting at Bristol
yesterday, but a sufficient number of proprietors did not
attend. The receipts have been 33,3411 Os. 10d., and
the expenditure 29,400/. ss. 4d , leaving a balance to the
credit of the company of 8,040/. 15e. 6d. Of this sum
6,000% is out on loan, bearing interest.
THAMES HAVEN.—The half. 3, early meeting was to
have been held yesterday, but as, after the expiration of
an hour, a legal meeting could not be forme', it was ad-
journed for a fortnight, when the question of applying
to Parliament for an extension of time will be brought
under consideration.

PORTBURY PIER AND RAILWAY COMPANY.—The ac-
counts of this company show a balance in the banker's
hands of 3,3251. 16s. 81. The only item ef expense for
the half-year ending 31st of July is that of "Parliamen-
tary charges and expenses, 151. 13s. 6 1." The half-
yearly meeting of the company, which will probably be
dissolved, was to have lean held at Bristol yesterday,
but as a quorum of proprietors were not present, the pro-
cee hags were adjourned.
LANCASHIRE AND YORKSHIRE.—The statement of
accounts to be submitted tot::e shareholders on Wed-
nesday next has just been issued, from which it appears
that the receipts during the half-year on capital account
have been 526,6171., and the expenditure during the
same period 304,1531., lcaviog a balance of 126,2541. On
revenue account the re cen ts bre 330,9171., and the dis-
bursements 153,637/. The balance applicable to dtvi-
cl,,nds is 95,606/. A dividend of '2 per cent. will be pro-
p)sed upon the general shares; 3,0751. have been placed
to the depreciation account.

[AnvEßrlsrmENT.]—A Persin, 75 Years Old,
cured of a Bad Leg by Holloway's Ointment and Pills.—Airs.
l.nd
o n,Richardson 's-buildings, Goswell-street,
ever
birth to twins, 34 years ago, had suffered
re
since of
givingN o. 2
with dreadful wounds in her leg, and wntch several medical
men, both in France anti England, had been unable to cure.
Her sufTerings were intense, and oftent imrs she was during long
periods wholly confined to her bed. Ultimately, by the advice
of her friends, she made trial of Hellowa)'s oir.trucnt anti pills,
and these eels heated remed es have completely healed her
wounds, and she can walk about with the greatest comfort
Sold by all vendors of medicines, and at Professor Holloway's
Establishment, 244, Strand, London.

lIIGII WATER Al LONDON BRIDGE.
Inn DAY —Morning _7 min. after 7 I Evening 37 min. after 7
To-Maasow— Morning 10 rain. after 8 I Evening 54 rain. after 8