Railway finance, meetings, etc.

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Buffalo and Lake Huron Ry.—The report for the half-year ended Dec. 31 showed that after providing for the interest on the 1st and 2nd mortgage bonds, the available balance on revenue account, including the amount brought forward from the previous half-year, was £14,224 15s. This allowed of the payment of the usual dividend of 5s. 3d. a share, and left a balance of £440 1s. 9d. to be carried forward. The dividend was paid early in March. The B. and L.H. Ry. Co. owns the line between Fort Erie and Goderich, Ont., 162 miles, which is leased to the G.T.R. at a fixed rental of £70,000 a year, payable half-yearly, Mar. 1 and Sept.1. The capital account shows that there have been issued 52,513 ordinary shares of £10 each, an which there has been paid £525,130, and that there have been issued 5 1/2% first mortgage bonds to the amount of £297,600, and 5 1/2% second mortgage bonds to the amount of £466, 158, making a total capital indebtedness of £1,288,888. The half-yearly meeting was held in Liverpool, Eng., Mar. 2, when the report was adopted, and a resolution authorizing the payment of the dividend passed.

Railways: B. & L.H.Ry., G.T.Ry.

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