The Sun.
London, England, 1868-02-26 00:00:00

VALE OF CRICKHOWELL.

The half-yearly meeting of this company was
held at Crickho well ; Mr. T. Davies in the chair.
The report stated that the Board had as yet been
unable to enter into a contract for the construction of
the line, the subscription list being too small. It had
been arranged that deferred shares to the amount
of £21,000 should be issued for the preliminary
expenses, the same hot to receive any dividend until

PRICE.. 4d.
STAMPED sd.

4 per cent. was paid on the ordinary capital. The
cost of constructing the line would depend very
materially on the landowners, who, if they accepted
rent-charges, would greatly assist the company.
On the proposition of Mr. JAMIE, the report was
adopted.

The CHAIRMAN, Mr. J.tTNE, Mr. Cox DAVIES,
and other shareholders, pointed out the great ad-
yantages that would be conferred on the district if
the line were carried out, and a resolution was passed
pledging the meeting to use every effort to raise the
oabscription list to the required amount.
BURY ST. EDMUND'S AND THETFORD.

The half-yearly melting of this company was held
at Bury St. Edmund's on Friday, Mr. E. Greene,
MP., in the chair.

'The report stated that matters had been adjusted
with the original contractors, and that the works
had been commenced by the new contractors and
were progressing satisfactorily. The directors be-
lieved that if a policy of executing the line in small
contracts at cash prices were adhered to the line
would eventually prove remunerative to the share-
holders.

The CatirtmAN, in moving the adoption of the
report, cengratulated the meeting on the improved
position of the undertaking.

After some conversation the report was adopted
unanimously, and the proceedings closed with a
vote of thanks to the chairman.
COWES AND NEWPORT.

The half-yearly general meeting of this company
was held on Thursday, at the offices, Winchester-
street-buildings ; the lion. It W. Petro in the
chair.

The teport statel that the earnings of the line
for the past half-year did not show any improve-
ment, owing to the falling off of the through traffic,
which, previously to the opening of the Isle of
Wight Rtilway, passed through Newport. Three
projects were now before Parliament for the pur-
pose of connecting this line with the Isle of Wight
Railway, in order to provide communication with
other parts of the island. The directors would
watch these measures in the interest of the com-
pany.

The CHAIRMAN, in moving the adoption of the
report, regreted the falling off in the receipts. He
believed there was every prospect of a revival of
trade, which would result in au increase of traffic.

The report was adopted.
NEWRY, WARRENPOINT,'AND ROSTREVOR.

The report of the directors states that the receipts
for the past year ending December 31 amounted to
£3,855, being the largest ever taken since the open-
ing of the line. O wing to unsettled differences
between the Newry and Armagh and Ulster Com-
panies, there had lately been a very serious inter-
ruption to the coal traffic. The working expenses
during the half year amounted to £1,537, or 38/
per cent. After paying interest on the debenture
and bank debt there remained a balance of £824 to
the credit of the general revenue account, which
now stood at £3,868. The capital account showed
that £171,541 had been expended to the 31st of
December last.
CORK AND BANDON.

The report of the directors states that a surplus
of £6,981 remains after providing for the half-
year's debenture interest, outstanding dividends, and
accounts due. The directors recommend a dividend
to be paid on the No. 1 preference shares at the
rate of 5} per cent. per annum for the half-year
ended the 31st of December last, less income tax,
payable on the Ist of April next ; they also recom-
mend that a dividend be declared on the No. 2 pre-
ference shares at the rate of 4 per cent. per annum,
for which dividend warrants will be issued. They
also recommend the payment of the deferred war-
rants for the dividend due on the No. 2 preference
shares for the half-year ended the 31st of December
1865. The capital account shows that £317,473 has
been expended.