Amalgamation Plan and Education Fund Discussed at Railway Meeting
Directors consider diverting 500 pounds per year from dividends to education, with the rest of the board backing the proposal. The last paragraph of the report sparked debate and was withdrawn for clearer shareholder consensus. The meeting approved the amalgamation terms and authorised directors to finalize the agreement with possible modifications. A vote of thanks marked the session.
MENTIONED IN THIS ARTICLE
George Leeman
Cleveland Railway Company
Lancashire and Yorkshire Company Half Year Meeting
The half yearly general meeting in Manchester approved the report, heard of a large revenue rise and higher dividends, and authorized £150,000 for stations and rolling stock. A special meeting allowed raising £70,000 mortgage funds to accelerate branch work, with £200,000 planned for further capital expenditure including engines, wagons, and station buildings.
MENTIONED IN THIS ARTICLE
Board-Room
Manchester
H. W. Wickham
M.P
Preston and Wyre
G. Wilson
Andus
Dugdale
Harper
Lancashire and
Yorkshire and Bootle
Rose
Crossley
Burton-upon-Trent
Lancaster
Ashchurch and
Tewkesbury
Tibshelf
Teversall
Otley
Ilkley
Cudworth and
Barnsley
Duffield and Wirksworth
Sheffield
Chesterfield
Rowsley and
Buxton
New Mills
Dove Holes
Whitacre
Nuneaton
London and Bedford
London
Ashchurch and Evesham
Midland
Great Western Railway
House of Lords
Beale
Midland Directors Report Half-Year Traffic and Dividends Declared
The Midland directors report a large rise in half-year traffic from coaching minerals and merchandise with total gross traffic at 1,167,936 and a net increase of 127,918. They recommend dividends on various Consolidated and Preferential Stocks payable September 1, and note 3,548 16s 5d carried to the current half-year. Mr Kirtley adds rolling stock is in good order and train mileage for the half-year ending 380th June 1864 is given.
MENTIONED IN THIS ARTICLE
Birmingham
Derby
Erewash Valley
Leicester
Hitchin
Kirtley
Victoria Station and Pimlico Railway Company meeting notes
The half yearly meeting at Duke Street Westminster chaired by Mr W Lee MP confirmed verified profit projections. Directors reported dividends at 5 percent annual with future scales of 3 4 percent for 1864 5 6 and 9 percent in 1867 and perpetuity plus small bonuses. dividend of 5 4 percent was declared and a vote of thanks given.
MENTIONED IN THIS ARTICLE
Duke-street
Westminster
W. Lee
M.P
Londonderry and Enniskillen Company General Meeting
The ordinary half yearly meeting chaired by James Clay MP at Coleman Street offices noted low shareholder turnout. Directors cited debenture payments and office costs as affecting accounts, defended staff expenses, and expected improved Irish markets. Dividends declared at 5 percent on 3060 pounds 10 shillings stock B and 6 percent? of conf.
MENTIONED IN THIS ARTICLE
Coleman-street
Moorgate-street
James Clay
M.P
Coleraine Company
Ireland
Irish North-Western Company
Also Mentioned on This Page
Lancashire
Yorkshire
Londonderry and
Enniskillen
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