The Express.
London, England, 1852-08-27 00:00:00

MINT.

" Fur thin premium there were six competitors, and after
much consideration and difficulty we have awarded the
prize to Mr. John Nutter, of Church Fu Ida, near Kirkby
Lousdale, whose live stock consists of 26 milk cows, nine
two-year old heifers, 11 one-yeer old helices, 13 heifer
calves, fear boll calve., one yearling bull, 22 grazing cons ;
total, 86 head of cattle, the whole of which is of a superior
description. Four work horses, two colts, five years old,
very valuable; two colts rising four, very premising; one
filly rising three ; three yearling colts, very good ; one filly
foal ; two breeding cows ; two store pigs ; twelve sucking
pigs. The stock of sheep consists of 303 head. Mr. Nutter's
principal improvements since last year have been casting,
plashing, and dressing up • large quaintity of thorn
fences ; top-dresing 60 sera of pasture land, exclusive
of meadows, with • compost of lime and earth; draining
50 roods four feet deep in a very efficient meaner ; making
and hanging a quantity of new oak gates, painting the
same, the landlord finding the timber only. All the
before-mentioned improvements have been done at the
tenant's own expense. Two-thirds of this farm is alluvial
soil, with a gravelly subsoil ; the remainder is inferior clay
soil on a yellow clay substratum.
" In this dux we highly commend the system of manage-
ment on the farm of Mr. J. H. Thompson, Pit Farm,
Cartmel.
FRIMICM 19.-011XIZAL STOCK AND /ARM MANAGE.

" For this premium there wen Si. competitors, and we
have awarded the prise to Mr. Jean Robinson, Lane House,
illverston. This farm consists of 11l acres, all of which is
is a very high state of cultivation, and porta* free
from weeds. The fences in very neat order, sad properly
diked op. The cropping of the farm is ea faliera. via, :
22.. 2r. 31p. of heavy sown with glue mois tr. Bp.
of oats; 3a. Or. 26p. bass; four acres tarn*
S.. 2r. marigold very clean; one and • half awn golnaoes;
converted into window dace last y.ar, Ga. ar. the ro-
nealailer pasture hod, the alsek upon whisk Nola
111 howl it Wiwi ea* .1 w wry owporkw dwoolpdso, of
owes, of doe pen Iwirwess_basel, 111 besi ileuthilowe
ewes, 46 Lein and frathdown Mhsr d pen bred
Leicester rem, I lloutbdown rm. 26 hollis IV work
homes, I boar, I bnediag sow, awl I aims Mr.
Rabies
las grabbed a fipaswatt of di lisam. pat op
wall femme at his ewe ripsaw, dr wasuse glibbest N.
The whole of the farm ha light and gravelly soil, as • sub-
' soil of gravel which is very parossi, inapt sin Sena which
' are now converted into a scomisw, which Is a deep alluvial
soil.

In this elan we highly eseasond Mr. Janes Hanison's
fern, of Valentine Hesse, Conant, ant Preston.

19.—DAIZT YAWL
"For this prise there Weems Wry, end we award the
prise to Mr. Benjazed• Sri" Illbinka EAU, Burnley, for
his farm of 65 acne of sasadaw sad lead. His
stock consists of 24 bead, including IS sews, one lone,
one store pig. His stock is mostly y mad in our opinion
far above an average sleek. The soil Y on a stiff clay
subsoil.

ESPITAIII Vol MIIID ►RABLI FAIRS.
Open to Goatlames aad Farman.)

" Tot this sweepstakes there were three eompetiton, and
we have awarded the society's medal to Thomas Bright
Crosse, Esq., of Shawl Bill, Chorley, for the excellent
maingemmist exhibited upon his cold clay farm. George
Desey.lsg.h, farm highly commended, and also lir.
Jams AfWassa's.

"Two eoßpeuun. Wo s4treltitestsites to Mr.Willism
Arsheton, Cuerdals, Walton, Preston, for his excellent crop
of Swede turnips.
" WILLIAM KlT—Gsoaos

The dinner was to take place at 4 o'clock yesterday, after
oar report ►ad been despatched.

Tuz C'

COLLIERY INUNDATION.-

Nothing has yet transpired which can in any way account
for the sudden irruption of water into the Owendraetb col-
lieries, in Cermartbenshire, the inundation of which mused
the trightful catastrophe, by which 26 Lives were lost. The
general opinion of men versed in the practice of collieries
is, that the irruption came from a stratum of sand, and
did not flow from any of the workings, as was at first
imagined. Mr. Meckwortb, the government inspector of
mines and collieries (or the district, has been actively teen-
, pied in searching into the canoe of the disaster. Hitherto
' oaly one of the bodies has been recovered, that of a man
named David Jonee. This poor man was the individual
who endeavoured to climb and escape by the qirden at the
same moment as his more fortunate companion, who suc-
ceeded in doing so ; but he wet overpowered by the fearful
rush of water, and his strength (ailing him, be lost his hold
and was swept down and buried in the water, and the
earth which came with it. The body was very Much
mutilated.
LAKE OF HAARLEM.—A letter from Ilaarlem, of tho
. .

13th, says that the works for draining the lake were being
pushed ow with great activity. An enormous mass of
human bogies has been found on the spot, where, according
to a topographical chart drawn up in 1413, stood the un:or-
tunate village of Nieuweinkerk, which in 1.539 was swal-
lowed up by an irruption of the North Sea, which funned
the immense lake of Haarlem.
F EMS 1.1,, Ilrattlem.—Deering the late gale a barge
drifted on shore near Cawsand beach, and the crew, two in
number, not knowing the coast, and considering they were
wrecked, threw themselves overboard and attempted to
swim ashore. It bring just after nightfall, and a heavy sea
'running at the time, their situation was not noticed fur
some time, but eventually a Mrs. Oliver, perceived their
peril and rushed into the water. She succeeded in rescuing
both men (who were very much exhausted) from a watery
grave. Having gained the shore restoratives were nsed,
and they are now convalescent.

THE EXPRESS, FRIDAY EVENING, AUGUST 27, 1852:

IRELAND.

DUBLIN. Avovar 26.
Another death among those shot by the military
in the affray at Sixmile-bridge has rendered a second
inquest necessary. The deceased, whose name was
Molony, died in Bamagton's Hospital, and the in-
quiry wit commenced yesterday in the Limerick
City courthouse. Sir Matthew Barrington, Bad.,
attended to watch the proceedings on the part of
the crown. Mr. Graydon appeared u counsel, and
Mr. I'. Murphy as solicitor, for the military ; Mr.
O'Donnell on behalf of the next of kin, and Mr.
Blackball for Mr. Delmege. Amongst those present
were Lieutenant-Colonel Douglas, Col. Staunton, the
Mayor (Dr. Kane), Mr. Delmer, stn., the coroner
at Sixmile-bridge (Mr. Canny), the Rev. Messrs.
Quaid°, Burke, Clune, Bcahan, and Moore, &c.,
Ac. After the examination of several witnesses, who
went once more over the same ground, already so
familiar to the public, the inquest was adjourned to
this day.
The inquest on the woman shot by Mr. Bible in
one of the election rows at Cork, and which has been
proceeding for some eight or ten days past, was
brought to a conclusion yesterday. It may be recul-
' lected that the deceased, Margaret Keogh, died from
the effects of a shot fired from Mr. Bible's house
while it was being assailed with stones by a street
mob. The jury returned a verdict of " Manslaughter"
against Mr. Henry Bible and a policeman named
Campbell, who was aiding him in the defence of the
house. The verdict was agreed to by 13 of the jury,
while 10 were for "justifiable homicide."
The harvest reports to-day are for the most part
satisfactory. Thu Cork, Examiner states that the re-
plies to inquiries made respecting the potato in the
vicinity of Crookhaven are most cheering, and that
there is every appearance of a plentiful harvest. A
Mayo paper wntcs, however, in a different tone, and
says :
w • regret to ray that from the accounts we have received
during the mist week, as also from the reports of the various
rural guardians of this union, on last board day, that the
potato crop is in a much more precarious condition than
was anticipated. The majority of our informauts agree
that fully one-third of the crop is already gone, and we
are sorry to say that we are apprehensive that this calcula-
tion it even below the reality. The potatoes called " Pro-
testants " are also very generally affected. The oat crop is
moot luxuriant, and is fast falling before sickle. Oreen crops
also look thriving.
The Ulster 6hrzette says :
Several splendid fields of wheat, oats. and barley bass
fallen before the reapers during the week. The present
beautiful harvest weather is not only favourable to the cut-
ting down of cereal crops, but beneficial to those maturing,
and also to the potato and green crops. The potato dis-
ease is partial, end appears stayed in its progress.
The Maya Teleyroph states that an extraordinary
decrease of paupers has taken place in the Western
workhouses. Within the last fortnight, about 200
paupers took their discharge from the Castlebar
workhouse, to seek for harvest work, many of them
in
g to England and Scotland for that purpose.Vl:ed
There now only 600 paupers in the house, and
several of these are about getting discharged, in
order to look for work outside.

Tux SIX-WILEDRIDOR AFFAIR.
The application to admit to b.il Mr. Debnege and the
eight soldiers now lying in Ennis gaol was made at half-
past four o'clock yesterday evening, before Mr. Justice
Crampton, at chambers. The application woo grounded on
a series of depositions which had been made by Mr. Del-
mege and other persons, declaring that the finding of the
coroner's jury was against the weight of evidence, and that
it was falsely sworn that Mr. Delmege gave orders to fire,
and discharged • pistol himself. The application was
opposed by counsel, on the part of the nest of kin, on the
ground that it was contrary to the authorities and practice
of the court to admit persona to ball who were in custody on
a charge of wilful murder, but particularly when the charge
was based upon the :finding of a coroner's jury, as in the
present cue. Mr. Justice Crampton observed that such
was generally the practice, but that the court was
frequently influenced by the consent or refusal of the
crown. After some discussion of a legal ncture, between
the learned counsel for the &teased (Mr. Murphy) and for
the nest of kin (Mr. Barry), his lordship expressed a wish
to hear what counsel on the part of the crown had to say.
Mr. Hayes then stated that he appeared fur the attorney-
' general, who hail taken the trouble of reading through the
large pile of depositions prepared for the application, and
he had come to the conclusion that there was no legal eel-
deem contained in them to support the finding of a verdict
of wilful murder against the soldiers in the ease. He had
placed this opinion upon paper, and he had instructed him
(Mr. Hayes) to consent to the liberation not only of the
military, but of Mr. Delmege, upon bail, to be left to the
discretion of the court. Couasel for the applicants called
his lordabip's attention to "Jeffers upon Coroners," in
which it was laid down, and authorities cited in support of
the proposition, that the Court of Queen's Bench had the
power to admit parties charged with any offence—even trea-
son or murder, to bail ; that in cases of murder, where the
charge was based upon the verdict of a coroner's jury, the
mart bad the power to look through the depositions, and
ascertain for itself whether they sustained the finding of
the jury. Mr. Justice Crampton said, he bad heard
the case partially discussed, and be bad the consent of
crown to the application. lie was not, however, ..equainted
with the contents of the depositions, except so far as he
might have learned them through the newspapers, upon
which he would not rely, lest he might do an injustice to
any of the parties ; but he would take the trouble of going
through the large pile of depositions be saw before him, and
he would not give his judgment upon the application till
the following morning, at 11 o'clock. Mr. Barry supposed
his lordship, if he decided upon pantie, the application,
would only grant the usual order he the bail, as b. did not
wish it to be understood that he approved of the bail that
had been offered. Mr. Hayes sad he understood the
counsel for the nest of kin to take too much upon himself.
The consent of the mown, and the crown only, was nears.
sary to the bail tendered, and no approval on the part of
the nest of kin was lamasery. The parties, after a short
discussion as to minor arrangements, then left the chamber,

DUBLIN, THVILSDAY EVINING.
Mr. Justice Crampton gave 'ent to-day on the
application to admit to bail Mr. Delmege and the eight
soldiers at present confined in Buds gaol. Ilia lordship
stated that, having carefully read the depositions, he had
come to the conclusion that it wu a fair cue for admitting
all the Vera to bail. The amount of bail was filed for
Mr. De at 1001., and two sureties at 601. each ; fur the
soldiers ~ sad two sureties at U. each.

INTERESTING INCIDENT.—DSHIO Delany, now in
Dublin, served in the 31st regimes,* as private in India,
and has • pension of fid. • day foe wows& On the night
of the first attack upon the Sikhs at Peranashah, when lying
on the pound, two officers with cloaks an cams to the spot
where he (Delany) was. One of them sed down, and the
other went away. After • short time the Sew
down asked him (Delany) if he would let linnet his
upon his body by way of pillow, the:ad:44z try to
sleep. Delany willingly sasented. After about
an hour, the other officer came ask and the sae who
had been sleeping, calling hiss " your Emesismay." De-
lany then felt sure that it was Lord Harding*, Gm Gover-
nor-Oeneral, who had been sleeping ; the other oGoer, he
thinks, was Colonel Bar, who, on returning said, " I have
brought your Excellency assnalljumbo of water." Lord
Harding, drank some of the water, and then gave
the pitcher to Delany, saying, " Here, my good
fellow, I have made a pillow of your body ; it
is only fair that you should have some of the
water.' The troops were at this time suffering dreadfully
from want of water, all the wells being in possession of the
enemy. After some further conversation about • gun
which was annoying the troops the two officers west away
to another part of the field, aad Delany saw nothing more
of them. With reference to the above—Denis Delany was
appointed to the constabulary 22 years ago by Colonel
Browne, now Commissioner of the Dublin Metropolitan
Police ; resigning from that establishment he enlisted in
the 31st, and saw some severe menials in India, and was
seemly wounded. Calling to see his old friend, Colonel
Browne, be was questioned as to his services, and in the
course of conversation recounted his having met with Lord
Harding' at Peroseahah as above rated. The colonel
communicated with Lord Hardinge, now Master-Oeneral
of the Ordnance, recommending Debuty at the same time
for any humble situation be might be qualified to fill. A
very kind answer was received by the colonel, stating the
anecdote to be true, and the Secretary of the Ordnance has
written to the officers of Ordnance in Dublin directing
Delany to be appointed to any small situation which might
become vacant, and for which be would be found suited.
This little narrative require. no comment.
APPROACHING VISIT OF THE LORD LIEUTENANT
TO BILPAST.—We understand that his excellency the
Earl of Eglinton, will reach Belfast early in the afternoon
of Tuesday next, in order to be present at the grand civic
entertainment to be held in the evening of that day, in the
Marie-hall. The precise hour of his arrival will be duly
intimated to the public, in order that his excellency may
meet with that cordial sad enthusiastic reception which he
deserves at the hands of every loyal subject of the Queen—
of every Irishman-10 matter of what political or religious
persuasion. The Earl of Eglinton has earned a high and
just popularity in the fulfilment of his arduous functions
as the representative of his sovereign. Ile seems to have
devoted himself, heart and soul, to the social !lige-
neration of Inland, without fear or favour, independently
altogether of political partisanship ; and it is as a munifi-
cent patron of the arts and sciences, as they may be applied
to the circumstances of the people whom he ban been called
to govern in the name of our gracious Queen, that he is
about to appear amongst us. Let his reception, then, be
worthy of his public and peewee! deserts, end worthy of
the prosperous and intelligent community he comes to visit.
Lord Heilman, indeed, ban peculiar claims upon the respect
and retard of the Holiest people, as the promoter sf a con-
siderable branch of their traffic with Scotland ; and it should
be the pride and boast of our townsfolk :list he shoo d have
no rerun to be disappointed in the high estimate which he
has evidently formed of the commercial capital of the coun-
try. We feel that it is hardly necessary to bespeak tie his
excellency a reception of this kind—unanimous, brilliant,'
and enthusiastic.—Bcjost News-Lettcr.

RAILWAY INTELLIGENCE
GREAT NORTHERN RAILWAY.

The ordinary half-yearly meeting of rhareholdess
was held yesterday, at the London Tavern ; Mr. E. Di.
IMION, M.P., in the chair.
The report and accounts, which appeared in the Ez-
ra, of August 20th, were taken as read.
The CHAIRMAN, in proposing the adoption of the
report, said—Gentlemen, I shall first allude to the disagreea-
ble part of the report—that is to say, the paragraph which
states that we want one million to oomplete all the works of
the railway. In making this announcement, I do nut
fbrget one word of what I stated to you two years ago,—
vie., that no such sum was wanted as appears now to be
requisite. (Hear, hear.) I take my full share of blame
for having made that statement, and I feel mortified that I
did so, because I am dieposed to believe and think that you,
and others like you, placed considerable reliance on what I
stated to you. (Hear, hear.) My own defence is this. I
said I was prepared to take my fair share of the blame, but
lam not disposed to take more of it than properly Whinge
to me. I was induced to make the statement I did because
parties had gone into the calculation of the sums *Lich it
was then thought would be required to complete the works;
anti you will all admit, I think, that having many other
matters to occupy my mind, I coda not go miuutely into
all the details of the estimatet which were laid before me as
necessity for the completion of the works. It was done
with the assistance of the officials, the engineer, and the
contractors, and it was laid before you as a bona fide state-
ment on the part of those persons who enabled me to make
it. You will remember that upon that occasion,
Mr. Hunsphrys, who was not then a director, but
had become one since, although he is not so now,
and who always held a considerable stake in the line, had
gone accurately into the calculation, and stated that he was
convinced that the estimate then formed would not be ex-
ceeded, end that he was sure I had over-eat mated the pro-
bable and possible wants of the company. I believe that
every gentleman who assisted in the drewing up that report I
was Memel( mistaken as to the probable amount which
would be required. However, it is true that we shall want
about seven hundred thousand pounds to enable us
to complete the work., and I am anxious to show
you whence this arises. On the 30th of June, 1850,
it was calculated that the cost of land and compeuestion
would altogether amount to 1,578,527/. ; whereas it was
now calculated on the 30th of June, 1852, at 1,877,261?. ;
showing an excess of 298,7541. We believe now, with
more confidence than we could at that time, that this is
the real excess wanted ; for the nearer we come to the'
completion of the work., we can the mere accurately
estimate our liabilities. I said formerly an much as was'
necessary, and more than was pleasant to some parties,
respecting the astounding sums paid to landowners.
(Hear, hear.) I repeat, my opinion is, Diet they have
got from this railway and others most exorbitant and un-
reasonable sums. (Hear, hear.) I shall next refer to the
item on account of plant and machinery. Our present
locomotive manager, Mr. Sturrock, came to us in the
spring of 1850. On the 30th of June in that year it was
estimated, after accurate calculation, he would requires foe
plant and machinery only 641,4471., whereas, on the 30th
of June, 1852, it appears that he will require 1,167,084/.,
showing an exce550f52.5,6331. This is for the carrying stocks
engines, waggona,and carriagesofall descriptions. It include,
also the cost of the repairing works erecting at Doncaster.
The next item to which I shall allude is that of
the interest on loans and on capital. On the 30th
of June, 1850, it was estimated at 577,3b1/.; on the 30th of
June, 1852, it is 688,5191., showing en excess of 111,138±.
On this item I have to observe, that though it forms
part of the capital of the company, still it is money
paid chiefly to the shareholders from the origi-
nal commencement of the undertaking. What I

wish to impress on you is that this 658,619/. has been
received by the shareholders, !or though it Is carried to the
account of capital you must not therefore consider it a dead
loss ; you cannot get your cake and eat it and have it in
expectation also. Near 6,0001. has been paid on the ad-
vances made by the shareholders, and is now added to the
capital ; and this also swells the capital account. The esti-
mate to complete the works of the Royston and Ilitchin
Railway is 17,9741., which stun has to be provided for. On
the 30th of June, 1830, the estimate for the East Lincoln-
shire line was 67,72 W ; on the 30th of June, 1852, it isi
73,088/., being an eater of .5,3591. The estimate for sundry
works not included in the foregoing, such as sidings, the
hotel at King's-cross, and the hotel at Peterborough, is
113,4001. Perhaps I may allude here to what some persons
consider the extravagant son laid out at King's-cross.
(Hear, hear.) The following is the estimate of the liabili-
ties of Oreat Northern Company for the works at K ing's-
cross as furnished by Mr. Lewis Cubitt the estimate for
the goods station at Maiden-lane was 565,504/. The amount
certified by Mr. Cubitt on the 30th of June, 1652, is
156,485/., being a balance of 19/. This is the existing
statement. The passenger station is estimated at 123,6001.,
upon which there has been paid 7,5,324/. Now, I wish to
call your attention to this point, because many remarks
have been made on the erection of so splendid • station.
(Hear, hear.) I am authorised to state that it is the
cheapest building of the kind that an be pointed out in
London. (Hear, hear.) I am told, but mind I am not the
architect, that it will not cost 123,500!. ; but, if that is the
case, I have no difficulty in saying that it is a cheap station,
and much below what most people put it down at. This is
for the station alone, a considerable sum of money was un-
avoidably expended in the excavation and cost of the
ground, so that the station generally would cost a much
larger sum of money. We paid by arbitration
60,0001. or 60,0001. for the Small-pox Hospital, the estimate
of 123,0001. is therefore for the station alone. Then with
regard to an hotel at King'ecrosa, that is considered by
some to be a foolish and extravagant expenditure, my
answer is, that the whole subject was talked over by the
directors, we found that passengers on the line who were in
the habit of coming up would come up more frequently if
an hotel was built at King's-cross, and the opinion of most
persons was that it was necessary for your object. The
estimated cost of the building is 30,000/., and I am told that
it would let for such a sum as would pay a veil poi leo,
terest on the outlay. I am told that the cost is he below
that of any other hotel connected with any other Lades
terminus. You are aware that the directors, according
the discretion which was vested in them, have lately die.
posed of the last preference shares. I am sorry that the di
shareholders did not take up those shares, which woe
offered to them in the first instance. The profit mad* ea
the sale of those shares, that is te say, the difference ;
between the sum at which they were issued, and that which
they sold for, will go far to cover the coat of the hotel. The es-
gingering, law and parliamentary ex peed iture,was estimated
at 150,0001. • it is now estimated at 163,000/. ; showing em
excess of 12,8001. Now all these gums added together ewe
an excess of 1,086,0671. From that is to be deducted avail
able assets to the amount of 246,428/. ; leaving to be pro-
vided for 766,200. I am quite aware that this state
of things is not satisfactory to you, for I have received
a number of letters, and a great number of them me
anonymous, on the subject. The director' proposed making
an application to parliament to provide for this extra
amount of capital to be disposed of in the most advantageous
way possible. I hops that the shareholders themselves will
accept the stock and pay the money on which they will
receive 31, or 4, or 6 per cent., or whatever it may be,
instead of allowing somebody else to gat it. They should
recollect that they will get the interest on the preference
stock, though it should make the dividend smaller ; I hope,
therefore, that the shareholder', for their own benefit, will
find the money ; we are bound to offer it to them in the
fine instance, and I shall regret if they do not accept it.
The next point which I wish to refer to relates to the Isle
44A:holes. line, which we are determined to make. That
hoe was granted to this company after a considerable
aratentioa before parliament. Parties living on the line
Maleted this company to procure it. If we had not succeeded
ocher parties would, and the line would have been made Ey
dem, which would have been exceedingly prejudicial to
yes. In the tin place, a mandamm, was served on us by
local parties M maks the line, and though some differences
of opinion my exist as to the value of that mandamus, I I
am astaggesed to swept my chance of being sent to the'
for disobeying it ; for if the directors re-
tool to obey the mandamus, the Court of Queen's Bench
his the power of imprisoning all the directors ; and mach
as I respect you, I am not disposed to spend an indefinite
time in gaol to serve you. (Laughter.) A great many
people laugh at a mandamus ; there is a difference of opi-
nion amoagst the i edges about it, but till it is settled by
them that it cannot be enforced it is my duty as a
loyal subject to defer to the opinion of the Court of Queen's
Bench, as other companies have done. Moreover, we have
balm offered 3 per cent. for the local traffic on the money
laid out. I my the load traffic, for we would have the
advantage of the additional traffic which it would bring
upon the general line. They had to pay the Sheffield and
Lincolnshire Company 6001. a week for the traffic that went
over a portion of their line to Retford ; the making
of the Axholme line would stop that source of expense;
and the calculation was, that the money so saved would
pay for the Atholine Itne. But I most tell you dis-
tinctly that it is not included in the million to which I
have alluded, but will go beyond it. The line will be a
single line, and will cast about 260,0001., upon which a local
contractor has offered 3 per cent. fur seven years.
In answer to • Shareholder,
The CHAIRMAN said Mr. Humphries, an influential
shareholder, had been put upon the direction, and his
expressed himself satisfied with all that had been done. I
am always ready to accept in the direction anyone the shame
holders may select, always excepting a gentleman who ems
in the habit of speculating on the Stock Exchange. (Hear,
hear.) I will now tuns to a more favourable portion of the
report, I mean the increase of the traffic on the first half-
yam of 1862 as compared with that of 1831. The traffic fur
the first half 9f1861 has been 139,160/., that of 18.52 (same
period) 290,6404, showing an increase in favour of 1852 of
61,6101., besides which you must remember that we got ad-
ditional traffic in the first-named half-year. But that issat
all, because in the half-year of 1831 we had 16,7991. excur-
sion traffic, which being deducted as an exceptional case, will
leave thereat increase : passengers, 16,871/. t goods, 21,3611.,
coals 34,3321. ; total inereciae, omitting tie
increase on traf-
fic, 76,9931. I think that on the whole that amount must
be admitted to be a satisfactory increase. (Hear, hear.)
Under all the circumstances, I Took upon the state of the
Lae as satisfactory, always excepting the drawback of the
million required. Public opinion is with us, and the Tierra
recently described our line as the hest railroad in Europe.
That opinion is worth something. (" Worth very little,"
and laughter.) I believe it is worth a good deal, and that ,1
the line will go on increasing in traffic. At the same time,
I am free to confess, that the necessity. for borrowing • mil-
lion of money in 1832 has rather n serious appearance.
A SHAREHOLDER—The sum wanted to be raised
in fact, 1,400,0001.
The CHAIRMAN—I admit that the Ash time line is an
additional item, and will be tpised by the ordinary borrow-
rag powers of the company. IVA', respect to the million,
I believe that although we raked for • million, the awn

actnally required will not exceed 750,0001. It will t.•
issued in the shape of preference stock on tae best possible
terms, and my earnest hope is, that it will be absorbed by
the shareholders themselves. (Hear, hear.)
A SHAREHOLDER—WiII the directors limit them-
selves to 3i percent. interest on the loans, and the Icon it-
self to one million ?

promise not to lay out • shilling
more than is necessary, but will not bind myself to particu-
lar figures. I will got the money as cheaply as I can, and
if the shareholders themselves will take it at three, or even
two per cent., so much the b tter. A shareholder reminds
me that I have not formally announced the dividend,
which I heg now to do, at the rate of two per cent.
("Oh, oh.") I think that under all the eircumgancis
it cannot be complained •of. I have a document put into
my hands which is extremely satisfactory. It is a statement
of the traffic up to the ISth of August. The return for the
week ending on that day amounted 14,0731. (Hear, hear.)
It is an improving traffic; it is going en progressing in the
same ratio as last year, tin you must see thst it is rea'onable
to deduct something from the last hilf•year for the exeur-
eion traffic. I have now to propose that the report be
adopted.
Mr. 11. PACKE seeondell the motion.

Mr. H. A. IIIfILAPATII that h tving f ntered into
contracts they must of course meet them, and in enter to do
so they must raise extra cupital. He did not under-
stand how they could raise the money on such
favourable terms, for the new preference shares
would only come in after the existing preference capital.
He hoped ,he proprietors would raise the greater part of
the capital themselves, for in that core it would be of less
con equence ns what rate of interest they raised it.
Mr. HUGHES wished to know if the advice of counsel
had been tak•n Rats whether the mandamus would .tund.

..... .
Mr. NOItTON said that the opinion of Sir Fitzroy Holly,
Mr. Hoed], end Mr. Phipson had been taken. ('amp-
bell said that n mandamus would lie. Sir Fitzroy Kelly,
Mr. Bevil], and Mr. Phipson doubted it. (Hear, hear.)
Hut there was this point to be considered, that while thit
question was argued, your power for making the lilac would
expire.
Mr. HERAPATII said that the Axholme line wonld
cost 15,01t0/. per mile for a single rail. They would regoire
to take 30/. per mile per week to pay on this outlay which was
vastly more than was taken on the East hincolnihire line or
the East Anglian, and this line was not better than the E .at
Anglian. He did not mean to propose any amendment on
the report, but ;he wished to hue an expression of mw
meeting against making the line. (Hear, hear.)
Mr. WALTER. did not doubt the power ni the direetnro
to mine the money at :It per cent., but he believed the
money would be lost. lie them fore hoped the directors
would spare no pains to avoid making the line. In
conclusion, he moved that as the fleent Northi en
nisidend was only two por rert., and as the pin-
prietors were called upon to raise 1,700,090/. by preference
shares, that meeting was opposed to makint• any agreement
with the Ambergate Railway guaranteeing four per cent.,
seeing that that railway had made durt•g the half.year
only 141. per mile per week traffic, whereas the Great
Northern had realised thl.

The CHAIRMAN, after a few observations, rented, in
answer to a shareholder, that thew agreed partly for the
land of the Alholme line. They had paid l 0
per rent. on the value, which was to be f,ff.
felted if the land was not taken and the line made.
(Hear.) With regard to the legality of applying money tur
the building of an hotel, notwitle.tanding it had been said
by the late Sir J. Parker that they could not apply any
money except for the purpose fir which it w.:l
raised without the consent of every proprietor, ho
thought that a discussion might be rnieed if it was not
a legal and equitable application of money to build nn hotel
at the end of their own terminus. People woold go by other
liner., if they (lid not get arrommndation, and the same would
be the case with respect to ing'a crow.
After some discussion
Mr. HUGHES said that the deficiency was 750,000 t,
and the aireetors asked for a million to supply it. Now,
they had suffi..ient experience of the directors not to place
too much confidence in their economy. (Hear, hear.) For
this reason, he should propose that the sum raked should be
750,0001, and nor 1,000,0001., as proposed in the report.
Mr. WALTER seconded the motion.
A I'ROCRIF.IOII suggested that the howl et Kin ;',-
cross should be under a company distinct from the railway
company, as was the cue with the Huston-square Hotel, in
which he bad a few shares, on which he was paid 6 per
cent. He thought it wrong in point of principle and law
that the railway company should build a hotel.
The CHAIKMAN said it would be mire agreeable to
him if a separate company had been formed to build the
hotel, but they could not find parties disposed to enter into
such a speculation. It was wow too late, for they had
entered into a contract, and the hotel was commenced.
(Hear, hear.) With regard to the proposition of
Mr. Hughes, that the blank in the report be filled up
with 750,0004 instead of 1,000,000!., he had no etronl ob-
jection to its adoption—(hear, hear)—and if carried he
would find no fault with them for lining so. As trustees
they had no desire to spend the money of the ahareholdi rs
foolishly ; but if, by refusing to give the larger 1,1111, they
thought to tie the bands of the directors, he would not be
offended at their doing so. (Hear, hear)
Mr. SAD; TSBUILY thought that the preference shares
would be disposed of more easily by limiting the sum to
750,0001., than if it was made 1,000,000/. (Hear, hear.)
Besides, if the larger sum were giren, the directors would
no doubt see ways of spending it.
The CHAIRMAN said he was sure the parties who
would come forward to give 750,0001., would as readily give
the additianal2so,oool. It did not follow that if they had
the power to raise 1,000,0001., they would put out stock to
the like amount immediately, that they would call up the
money immediately, or spend it immediately, as the hon.
proprietor seemed to suppose.
A show of hands was then taken for Mr. Hughes'e:amenel-
went and for the sum of 1,000,0001., and the amendment
was declared to be carried.

The report was then adopted.
A resolution for making a dividend of 2 pct. cent. was
agreed to.
Mr. WALTER withdrew his proposition respecting the
Ambergate Railway, and a vete of thanks to the c 'airman
terminated the proceedings.