The Express.
London, England, 1852-08-25 00:00:00

THE EXPRESS, WEDNESDAY EVENING, AUGUST 25, 1852.

ties the claim of the seaway waist Mr. Oeorp Hudson
was at the prweat time.
The CHAIRMAN replied that the Mammy salt we
mew set deem he hearing. and would some oa is the No-
vember Term _ _ .

• SHAREHOLDER alluded to the additional cost in-
curred over the tubular bridge on the Knottingley Branch,
contending that it bad been calmed by an engineering
blunder on the pan of Mr. Robert Stephenson, and that
that gentleman, and not this company, ought to be !able
for the mesequeson.
Tito CHAIRMAN said, Mr. Stephenson contended he
had mode no blunder in the matter ; sad in order to show
that there was no danger. as hml been alleged, on account
of the reduced width of the tube, le (Mr. Stephenson) had
travelled the satire brag* of it with his head out of the
carriage window.
Mr. RAMESEY proceeded to ask a variety of questions
affecting minor matters in manexion with the manage-
ment, and the report was thee adopted.
The CHAIRMAN moved that s dividend after the rate
of N. per rent. per annum be now donated to be paid on
the let September neat, Masse tan deducted.
Carried.

A committee Wu appointed to select a gentlemen to AU
the office of auditor, in %bergamot the late Mr. Conan, of
Magebeetar.

The meeting was than made special, for the purpose of
considering the pprroopriety of raising such sums of money as
should be eweidered neeemary, by the 0000 of additional
shares or stock of the company, in exchange for the whole
or any part of the money which is now or may be here-
after owing by the company, at certain rates et interest.
The CHAIRMAN proposed the following resolution,
which, after same discussion, was carried, only
three bands being held up against it.—" That un-
der the authority of the York cad North Midland Victoria
Dock Railway Aet, 1862, this meeting consents to anthorise
the directors to create trout time to time if and when they
shell think proper, new stock of the company to be called
York and North Midland Debenture Stock,' not exceed-
ing in each case the respective amounts, and at the several
rates of dividend hereinafter mentioned (such rates of divi-
dend to be in each case denoted on the face of the certifi-
cates for the different proportions of such stack so to be
created, and to be payable half-yearly on the let day of
Janusry and the let day of July in each year, irons
the respective dates of the issue thereot) that is to say, any
sans not exceeding 280,0001. et the rate of 31 per cent. per
annum, any sum not exceeding 230,0001. at the rate of 3!
per eat. per annum, any sum not exceeding 260,0001. at
the rate of 31 per cent per annum, and any sum not ex-
ceeding 250,0001. at the rate of 4 per ant. per annum ; but
the stock to be crested in respect of such last mentioned
sum shall only be created and issued subject to the right to
call in, cancel, and redeem the same at any time or times,
on giving not lea' than six months' notice of the intention
so to do ; and that the stock so to be created be issued and
disposed of from time to time ae the directors shall think
proper, and either to the holders of and in exchange tor
existing debentures or bonds, or to such other persons as
may be willing to take the meth."
A vote of thanks to the chairman and directors oncluded
the proceedings.

LANCASHIRE AND YORKSHIRE RAILWAY.
The report of the directors, to be submitted at the
thirty-sccond half-yearly general meeting, to be held Sept.
I, 184, states that the total amount of share and
mortgage capital chargeable on revenue fir the half-year
ending June 30 last is ea follows, excluding leased lines:
Ordinary capital C,712,201
Guaranteed do. a per mat . 774,410
Ito do. 4t per scat ....... 2'9.932
Ilancheater and eaa*part capital
Lams and delayed payments
Z 11,773,119

The ezpeaditure on eapital account during the half-year
has *mounted to 128,9354.18 a. Id., of which the following
camitiluts tbe min items:
IllawArist sad Lads aria and
.

0 10
Ilanehester and Sabo Boa t 4,000
03 8 1
Liverpool sad nary our—lnlesbarsotron
eateries, he.
Wakefield, Posleheet, and Gook line sad
liesnaltes
Barak) breeds 10,116 11 7
West Kldiao Vales Ines .
Hoddertlleal and Sheffield line sod Hid
defeated Annus 14,11:11 11
Wattle( stack .................... 12,167 13 9
The large amount on Liverpool nod Bury amount em-
braces • final payment to the coalmen, ad his retentions;
also sundry paynomts Me land pusehesse which have been
completed. Dm 101•1117=Whea more or less to the
Burnley breads, the and Sheffield, and the
West Hiding Umbel Inas no AWN baying been spared, as
far as possible, to big 111 a does the outstanding claims
upon the company's emlfaL bar directors report with
tome satisfaction the taselselen K a protracted arbitration
on the merits of two Wilma Imitated by Yr. Faviell, sour
tractor, for work dew as die Burnley branch contract, and
for money owing. The delme of the plaintiff involved a
sum of not less than WNW ; but it was maintained on
behalf of your company that, so far from such claims haying
any foundation, the plaintiff was indebted for excess pay-
meats made in respect of works lubsaquently proved
not to Inn been completed by him. By the award
of the learned arbitrator, it has been determined
that upon this, the material issue, the sum of
4,776!. 17s. is due and owing to your company by
the plaintiff, and that such sum shall be paid on or
helm oho let January, 1853, and that excepting the costs
et the sward and the cuts of the arbitration, which are to
be bum Is moieties, all other costa shall be defrayed is
the peeportisa of two-thirds by the plaintiff and one-third
by the mammy. Your dinettes have every reason to
frongsonlate their fellow peopeloton upon this result, which
independently of its UMW& wine, is calculated, in some
mesa*. they hem to oessiseast a long-prevailing deter
misades to make railway oempanies the object of ceork-
tent damn& is monks with the settlement of their
contract ameosta. The arbitration se the remaining clan
of Meson. lissliag aid Cropper, oesteselien for the Ash-
ton bras*, le MU pentliag, with sem, de** on the pan of
year Meadow M mew ea eddy &Wis. With this ex-
septhra, the whole et the mend aseausti of the company
have boos settled. TM shared state and position of the
money market have contributed to • further re-
denim of the general arrean of calk, which sow
amouat to about 66,0001., including the arrears of
Me more recent calls ea We Fifth Shares, say 19,0301.
TM creation of a certain assist at perpetual irredeemable
'amities, to be issued in instielffinthla of all or part of the
borrowed eApitel et the emissay, will be proposed at the
meeting. The maw asessat for the past half-yrar, in-
cluding the reeelple M fba Danaley and North Union lines,
shows that 41103ar. had hese received, from which 11,569/,
received for worldsg the traffic of the Blackburn and
Liverpool, Crosby, and Southport lines is deducted,
leaving 408,6071. To this le added 12,6011., being
two-thirds of the reseima et Pemba sad Wyss Use, making
' 421,1081. The neap& sad disheraeraests en menu so.
' count, 'Wading the Pemba end Wyse, the Blackburn
sad Soathpeet Rem. the poses& of whit& de not whol y
holesg to the Lessened to NUM, sad for the
1361 to 872,9644 chewing is in-
crease of The diebanements ameested to 172,8161.,
and be the meesgendigy period of 186 l w 162,6764 &ow-
ing a deessies Is the expediter' of 20.1411.
The belsnoe of manse for the past half-year ap-
plicable to dividend and interest. samosas to
241,0461. 9s, 7d. Tear dieselliee resememed dist •
dividend se the rate el $ pee sent per mow, Is. In-
cases Tax, be deelared, leas W a enipbe UHL B. 9d.
to be carried beward to the awl aseseet. The ispieteat
' alone embetamd Is your esemeare emplialtion to paella-
met la dr bit seedes wail saselismed by ea ad which
loodeed the mil went es the Mb et J. Intair the
peevish= et Oh act, the emeagemestetelb the peopistors
of Fifth Ohms. and Rebrads& Illemen are sonaresed, and
those eandiatieg claims white were die eatileit of so mush
litigation mill desmaies ere happily reeeseilel The tees-
tios K the weds at doing with the amount et HS per
than dedseled drew be paid-up capital et the 111111111bres,
therefore, needs miluimest, sad after due easelderedes it
is resommaadel dist the =mum shall be applied geserally
Se the pengines et the 'mild esseme. The abandeemast
of these pardon at the Wed Left Union lines caws_ pew
Jested between liewitag awl Looda.Valterisebble eel& ad.
dendield, and odor awllwß tegother with the Haimerth
Branch Balliedes if the and Shailleld
hes aloe reselesiagirellee Lbw:MINN sod mier seat-
boa intim dish Imbed a
=llBl3= (oft el «ow- Csalleflulliil Wee Wis
abeadamest the assitsal am ant et the eatensios sham
is redwood to W. per share, mid of the West Biding Union
shares be W. per sham. The tweed= which your di-
' futon deneght it emeedieet to ease is parliament to the
bill ef the Leeds, Seedbed, and Halihz Junction Railway
C ems set attache with exam the bill having
p.= Ma
eammittem et both bosses without may mediae&
des of be dtestleasbis preehisee wChisk it embeesed. The
ineadmene heed by tho Bea& kr the
beandes et the temsblegOaste pestles et theams% of and
Dory la shish per ammo le Interested, hav-
ing Use wide absebbe. and the- Maaienemat Bill pro-
awls' by the Measkata semi limillipset Oseapeny In the
het amiss having been within's, it has beau determined,
boomer reluctantly, to esstinenee the preliminary pro-
ceedings connected with the prober of land in
the first intense for the line Moan Wig= and
Southport. The order of the VklioCtimoalkies Court,
which directed the Great Itiebtes Company to
would for all sulk belessing to them which
'night pass over the Uses et year esimparw h still in
form The soda ten es MOW in tempest of be agree-
ment with par oesgsny hes sell_yet bent argued before
the court. Is the matter or the Wakefield sad Knotting-
ley stations an award has bees mob, which has determined
the cost of the former to be 811,3668. 16s. 9d., and of the
latter to be 11,616!. 12s. Id., or Mgstber 79,8711. Bs. 10d.
A moiety of this amount is ch by agreement to the
Great Northern Railway Company. =Won for
an amalgamation with the Baia Omopany
having failed, the attention of the boards of both 0011111111101
is being directed to the propriety of candidly! a traffic
agreement, by which several of the many winnows which
would have resulted from the first-named measure may be
secured at places and in districts whith are served in com-
mon by both companies.
The capital account shows that 11,86.3,7371. had been re-
ceived
and 11,812,2221. expended, leaving a balance of
43,616!. The revenue account for the half year ending the
30th of June shows that 432,6671. had been received, and
191,6n1. expended, including 7,9441. rates and bows, and
6,1311. Government duty, leaving • balance of 211,01 a
To this sum is added 19,2791., the halanee from the last
account, 696!., cividends on shares in other lints, and
3,0301., interest on balances; making together 261,0561.
Out of this lam is deducted 66,4861., interest on loans, de. ;

16,967 L, Prestos sad Writ ; 20,7211., North Union ; 6,6001,
ISltelield sad Buseley ; 23,8211., es 6 per cent. stock;
6,11431., Worst go 41 pre coat Pea ; leaving 124,6011. for
gasersi divides,' ; sat of which It is proposed to divide
116,8831. at 3 per rest per sasses, sad leave 8,8071.

SOUTH WALES.

The apital account of this company, shows that
= 91. had been received to the 30th of lune last. in-
-4111 ken. The amount milled up on 68,000
therm no MMUS°, of which 346,76 W. is due en forfeited
IMO% mad 22,3601. front proprietors in sneer. The amount
IthoWed in shores daring the bellies, is 19,973/., which,
aided to 310,1074. raised ea lees, makes the total raised
devise th• same
_paled =XL The espesditure
amerated to 11,221,1 did, of was impended
in subseriptions to ether liners, and= fur the Swan-
sea Yale Railway. The ease shine ea capital theorist
daring the half-year WM 3q f, The revenue account
for the half-year ors the of Sews bat shows that
42.6891. had been cwol in the Semi Wain line, and
111=. en). adadt or SLID pr feat. of tie fteelptedeerios
a ce of 16,35 v. The resolve es the Nam of Dean
Wog for the b Wpm saessalsd W %O W, and the
imam le 11141., Marin • balms of 2,1081. This sum,
added le the balsam et 3.8111. hem the last account, and
to the above basses of 16,3571., ashes, with 341. registra-
tion fees. • meal ef 22,3421. Out of this 11,6951. is deducted
for interest es debentures, leaving a disposable balance of
10,8171.