The Express.
London, England, 1855-08-16 00:00:00

BUCKINGHAMSHIRE RAILWAY COMPANY.

The nineteenth ordinary half-yearly meeting of
the proprietors of the Backingitamshire Res!way was held
at the Easton. square BMWs yesterday; Sr HAZILY
ViIINEY. Bart., is the shale.
The following report was presented by the directors:—
" The directors have to present their sisal statement of the
receipt and payment of gnarsateed dividend for the half-
Sear sailing the 30th J see last. The account shows that
rthe rent received from the Landon and North Western Cana-
-1 easy to the 31st December, 1864, added to 1,1301. lle. 3d.,
the balance from the former &comsat, amounts t 026,0301!
3d. The dividends pea to the proprietors amount to
24,4824 10e. 84., leaving a balsam of 1,6281.0 e. 74, The
wartests ter Um appreeehlag dividaed will be issued to the
=as the 23rd August. The directors have the
et reporting that the Mao on the line slows an
I homer illeeteg the poet halt year, es oompared with the
wwwwillaellef of 1104. The auditorswho iso Oct of
ones. MOW Caner, Esq., aid Lieut.-General Jobs
Mee lass% user themselves for re-eleetioa."
_ _

The CgA11311.71 shined the adoption of the report, in
&deg width be Way sesteratulated the company upon
the insmand Maas el this railway, sad expressed a hope
elms wirelike trail westward should hare bees more f%lly
developed there smi* le a rousitinable sagmeetatioe of
pp+ this liae. Hs stated that the local se-
' pemememeat, lob. Deekrey, who bad lees estioesly

ill for some tinm, was now recovering ; and he frusta
that Delon long the company wankel again obtain the be-
nefit of his services.

The report hams been adopted, a vote of thanks was
given to the chairman, and the meeting separated.

BAST LANCASHIRE RAILWAY.
The half-yearly meeting of this company was held
yesterday, at the Bury Station; Mr. THOMAS DUODAL3,
the chairman of the check's, presiding. An abstract of the
N »port and simnants has already appeared in the Daily
ew.

The Camawair said the capital account for the half-year
amounted to 27,2P81, and on this and all other items of the
actuante, the directors' report Afforded all the explanations
required. Though he regretted in common with other
shareholders, that the causes of depression to which he
alluded at the last meeting was still influencing railway
property, yet he thought that additional cooadearte in the
future value of this sisidertnaing was afforded by the steady
maintenance of the pawsger traffic, and the increase in
goods traffic o►tained under the disadvantageous circum-
stances of the past half-year. The question of setting aside
• fend he ebe remetral of sleek sad replacement of the
pommies& way had been osier emeldendias by thefts,-
tors, and would be again brought before the shareholders
at the neat half-yearly meeting. Of the 1.0,000 four-and-
a-half per cent. pre snow shares, representing &capital of
100,0001. authorised to be raised at the last meeting, 14,836
shares, representing 74,1601., had been issued, and the re-
mainder were in the hand., of the company. The loans had
been increased by 20,3481.95. 6d. He wu glad to see that
his opinions of the probable value of the Burscongh and
Southport line bad been verified by the results shown since
the opening, for besides increasing the general traffic of the
railway, the mileage proportion of the traffic over that
breach showed a good net return upon its coat. He regretted
the competition with the Lancashire and Yorkshire Company
ae to the Southport traffic, and although it had hitherto
been advantageous to this company, and although the
directors did not anticipate any pecuniary loss molting
from it, yet, as they were desirous of maintaining friendly
relations with neighbouring companies, they had upraised
a willinvieu to eater into amicable arrangements from all
competing pouts on reasonable terms; and they were still
desirous to conclude such a peace as would be honourable
cad consistent with the interests of the shareholders;
but they had received no reply from the Lancashire and
Yorkshire Company, although they had begged attention
to the subject so early as May, 1864. He was glad that the
bill introduced by the proprietors of the North Union as to
the Preston station had bees defeated, as it would hays
bees prejodicial to the interests of this company ; bat the
directors were ready to consider any well-devised scheme
for additional accommodation there, which should at the
same time be beneficial for all the companies concerned.
(Hear, hear.) The directors were unanimously of opinion
that this company should not become joint owners of the
Liverpool Dock Branch, the cost of which would not be
much leas than 400,0001. The Esst Lancashire had not
more than one-filth of the merchandise traffic using the
joint entrance into Liverpool, and however desiratole it
might be that they should become joint owners of the
branch, it was obviously unfair that they should be called
on to pay half its coat. The Lancashire and Yorkshire
Company were hound to pay to this company, if refusing to
become joint owners, the prinerpsl sum of 98,8611. Ile. 9d.
expended in land, with interest at five per cent. from the
time expended till the time of payment, on or before the
2nd of. June, 1867; and also to pay on the god September
nest all interest then due, and it would amount to nearly
42,0001. The shareholders would be gratified to learn that
the traffic of the half-year had been conducted without a
single accident to aay passenger. (Hear.) He concluded
by moving the adoption of the report.
Mr. RILIY, • director, seconded the motion.
Mr. Houma, of Ormakirk, hoped the joint ownership of
the dock branch might became the subject of future Lego.
tiatioa, and suggested that all possible precautions should be
taken to avoid danger and iaconvenience to regular peahen.
gen by the overcrowding of trains with ezeuraiuoiate.
The resolution was carried unaaimously, as aiso another,
declaring a dividend at the rate of 6 per cent. per annum
on the 6 per cent. capital; of 6 per cent, on the amount
called up of the preference fifth shares; of 41 per cent. on
the amount called up of the 41 per cent. preference shares;
and of 4 per cent. on the ordinary stock of the company.
The proceedings concluded with a vote of thsaks to the
abstruse.

STOCKTON AN!) DARLINGTON RAILWAY.
The half-yearly meeting of this company (was held
yesterday at Darlington, Mr. MZYNELL in the choir. The
directors reported the passing of th, tr bill to raise 200,000/.
additional capital for the further development of traffic,
also to cancel 200,9001. of unissued B shares, and to issue
a oorresponding amount of ordinary shares ; to make
arrangements with the holders of issued B shares (4 per
cents.), and to assimilate them to A's (6 per cents.) The
revenue tables were most satisfactory, the nett balances
being sufficient after paying preferences, rentals, &0., for a
dividend of 9 per cent. on ordinary shares. The income of
the half year we. 143,0001. against 126,0001. in the coy-
reepondieg half-year of ls&4. The disbursements had been
heavy, about 10.0001. having been spent in re•
laying rails, &a. The permanent way was then in as
good order as possible. In five years the traffic
had doubled. The report having bees adopted, and the
dividends, ordered, the Chairman entered into some
explanations on a complaint by Mr. Tuckett, of Bristol,
respecting the directors having allowed an impression
to exist until six months ag ~ that the B shares had
been issued. The announcement that they were to be can
celled, Mr. Tuckett complained, bad nude them un—
marketable for the last six months. The Chairman
c.ntended that the terms proposed to the B holders would
be advantageous to them, for they were to be placed on an
equality with A's, raising their interest from 4 to 5 per cent.
on their paying a bonus of 21 101. per share, thus giving
them 6 per cent. for 21. The arrangements for idsuieg
200,0001. worth of new shares, &c , were than agreed to.
The meetings of the:Araalgamatact Wear Valley and lied.:ar
Companies were afterwards held, and the guaranteed divi-
dends ordered.