Summary Of Smews For September.

their shares from £ 1 to £ 10 each , in order fo come within the scope of the Limited Liability Act . At the meeting of the South Eastern Company , held the same day , the Directors reported an increase of £ 10 , 066 in the receipts of the half year , and recommended a dividend of 8 s . 6 c / . per share . A resolution condemnatory of the Parliamentary treatment of railway property was agreed to , and poi \ - er given to the Directors to convert £ 1 , 000 , 000 out of the bonded debt of the Company , into Debenture Stock .

On the same day , the South Devon Directors reported to their constituents an increase of 2540 / . 5 s . Of d . in then- receipts for the last half year , chiefly occasioned by the conveyance of troops and military stores . They declared a dividend at the rate of 5 s . 6 c / . per share . The Dublin and Drogheda Company met the same day , and 30 s . per old share of £ 75 , and 10 s . per £ 25 share was declared . On the 31 stthe Eastern Counties' Company held their half yearly meeting on which

, occasion a committee of the shareholders was appointed to inquire into the management of the company . A dividend at the rate of 4 s . 6 c / . per share was declared out of the pro / its , leaving £ 1745 13 s . 2 d . to he carried to the account of the next six months . The allied companies , namely , the Eastern Union and the Norfolk , met the same day , the former divided six per cent , on each £ 100 , A . share , and four per cent on each £ 100 , B . share . The latter declared a dividend of £ 1 5 s . per cent , for the half year , on the ordinary stock of the Company .

Mr . Talbot , M . P ., as chairman of the South Wales Company , explained at the meeting of the shareholders held this day , that by the award of Sir William Cubitt , the Company paid fully thirty per cant , too much for locomotive power to the Great Western Company , so that they were in that position , that any increase of traffic , so long as the award was in force , Avould be a loss to them . A dividend of three per cent , per annum , was declared .

The same day , the shareholders of the Somerset ( Central Line ) divided four per cent ., and those of the South Yorkshire aud Rivet Dun four per cent , on their guaranteed , and £ 1 10 s . per share on their ordinary capital . The Llynvey Valley Company also met this day , and divided four per cent . At the meeting of the Dundalk ancl Enniskillen shareholders , also held this da )' , a dividend at the rate of 6 s . per share ivas declared . On the Sth of September , the Submarine Telegraph Company met , and reported

that the receipts for the half year had been 8382 / . 16 s . lie / ., the disbursements hacl been 2937 / . 19 s ., so that there remained a balance of 5444 / . 17 s . lie / ., available for a dividend . ; one of 6 pev cent ., was declared , being a reduction of one per cent . on . the last one . At an adjourned meeting of the Thames Haven Railway and Dock Company , for the purpose of declaring the state of a poll taken on the proposition for selling the Company's surplus land at Thames Haven , a great majority Avas opposed to the

proposition and in favor of the Company proceeding at once with the construction of the docks , for which purpose , a call of 5 s . per share was agreed to . The Lancaster and Yorkshire proprietors also met to-day and divided four per tent . There had been . on . the line an increase of the tragic to the extent o £ about 2 $ per cent , over that of the corresponding six months of last year , and a . decrease in the working expenses from 44 per cent , to 42 per cent . On the 6 ththe Bank of England raised the interest from 3 J to 4 per cent .

, On tbe 7 th , the Midland Great Western of Ireland Railway Company divided their profits at the rate of 5 per cent , per annum , carrying £ 3 , 682 9 « . Id . to the Reserve Fund , which now amounts to £ 30 , 000 , and leaving a surplus of £ 5 , 165 ' 8 s . lid . On the 13 th , the Shropshire Union Company reported their net profits for the . half year to amount to £ 18 , 712 , out of wliich they divided £ 2 7 s . 6 c / . per cent .