The Sun.
London, England, 1845-09-18 00:00:00

GLASGOW AND GREENOCK.

The half-yearly general meeting of the Proprietors was
held at Greenock on Monday. Mr. Archibald Falkener,
Deputy Chairman, presiding.
Mr. Jois/ ANDERSON, the Company's accountant, read the
report. It alluded to the lines—the Caledonian, Clydesdale
Junction, Barrhead and Neilston, &c.—which had obtained
Acts during the past session of Parliament, and which, con-
necting this line with all parts of Scotland and England,
would greatly increase its traffic; besides the prospect, at no
distant period of a continuation line to Gourock, Innerkip,
and Largs, and subsequently farther into Ayrshire. Also the
increased traffic by water in connexion with the line—a first-
class steamer for Liverpool, and another from Belfast, being
now on these stations in direct communication with the rail.
way. Instead, therefore, of the Greenock line being an iso-
lated one, it would now become a part of a great chain of
communication by land and water with all parts of the coun-
try, and especially between the mineral districts and the har-
bours of Greenock. The receipts had been larger than
during any previous half-year, the balancebeing 13,054/. 13s. ;
but it would not be desirable greatly to increase the divi-
dend for the present, but rather to increase the efficiency of
the works and machinery. The dividend proposed was six
per cent. upon the preference shares, and two per cent.. upon
the original. The capital account showed an expenditure of
806,1341., and a balance in hand of 34,8631. The receipts for
the past half-year had been 25,2691., the expenditure 12,2611.,
leaving a balance of 13,0541.
The CHAIRMAN congratulated the meeting on the Com-
pany's prospects of success. The Directors did not feel war-
ranted in increasing the dividend, considering the efficiency of
the line of greater importance. He adverted to the state-
ment of Mr. M‘Call, chairman of the Ayrshire Company, that
that line had the exclusive right to the Barrhead and Neil-
ston line, and the complaint against them for interfering. He
found no fault with the Ayrshire Directors for putting their
own construction upon the Act ; but the Greenock Directors
would be found right.
On the motion of Mr. THOMAS TURNER, the report was
adopted.

The forfeiture of certain shares, on the motion of Mr.
J. TURNER, seconded by Mr. PAINTER, was confirmed.
Mr. P. M. STEWART, M.P., congratulated the meeting on
the prospects held out in the report; and was followed to the
same effect by Mr. WurrmonE, of London.
Thanks, on the motion of Captain OSBORNE, were awarded
to the Chairman and Directors.
STRATFORD AND THAMES JUNCTION.—This line, which is
to form a junction with the River Thames, near the mouth
of the Lea, with a terminus near the junction of the
North Eastern with the Eastern Counties at Stratford, is
expected to be completed in about six months. During
the past week a number of labourers have been employed
in excavating that portion of the line nearest the
Thames, and on Monday the work was so far advanced as
to admit of temporary rails being laid down. In the road
leading from Stratford to Bow, several houses have been
pulled down to make room for the terminus ; and also for the
purpose of a bridge being built, the railway passing under
the high road at this part. In making the excavations across
the marshes a portion of West Ham Abbey, lying under
ground, has been disturbed.
THE THAMES, SOUTHEND, AND NORTHERN AND EASTERN
JUNCTION.—In the course of the week the promoters of this
scheme have attended meetings at Bishops Stortford, Saffron
Walden, DUIIMOIT, and Braintree, for the purpose of explain-