The Express.
London, England, 1852-02-13 00:00:00

GREAT WESTERN RAILWAY.

Yesterday the thirty-third half-yearly meeting of
proprietors was held at the Paddington Terminus. At one
o'clock the their was taken by Mr. C. RusaaLL.

After the usual preliminaries,
The CHAIRMAN said: Gentlemen, the great facility
of obtaining money, which fur some time past has exist,
has bu a tendency to give a renewed impulse to railway
speculation ; and I was at one time apprehensive that we
were about to witness a recurrence of the years 1815 and
VOW. But, fortunately, the good sense of the country,
mad severe experience at no distant period, have prevailed.
Weiof the most imprudent and unprofitable speculations
were suggested have failed from the utter discou-
segament which they received, and I hope we may now
hunt to the legislature to teat severely those schemes which
thill remain. (Hear, bear.) Gentlemen, under these air-
essastances, we have felt it our duty to observisthose prim-
tWes which we have for some time prescribed to ourselves.
When overtures were made to us to promote lines towards
tke west of Ragland, which were thought to ho advan-
lassoes to musslves at the expense of our neighbours, we at
ease deensed them: and we have on all occasions reso-
lutely set our hoes veinal all extensions and branches
which were not by an imperative public necessity,
at which were airs= to afford a remunerative return for
tie capital invested In them. (Cheers.) In pursuing that
'sane, 1 believe we consult no less the general interests of
the country Mau the particular interests of railway car
peaks. The returns of the traffic fur the kingdom sem
elms show that then extensions, branches and sew lira
whisk have been bat made scarcely 'Ark the Ilmirsa
ier
... thee.. (Hem, hear.) To employ espied in sulk
seeingr
is set only injurious to those who may be led to
(vest their in them, but is a waste of the switinal
sesearees.—(A. Beira : " Then shut them up.")—lt may be
mtrentely eramaisat to tows' and villages to have rid-
ways passing dem to them ; hut these am ettnallentlems
Melly diarist hue the conmersial quokka, whit* is
damply, will the lines pay ? that is the only .=
dos with which railway companies have to
Zs:, hear.) If railways are to be made kr
reasons the oasts of their cost should hR
net on the shoulders of existing railway companies, but
of these who are to derive benefit and convenience beim
their eunstruction. (Cheers.) Gentlemen, we have seder
wound to bear these principles in mind in the /Ifra
we have made with new railway companies, and which
are
Lode submitted for your approval in our report. The in-
Oneatil of the county of Hereford were deg-
rease( having a line of railway from Gloucester by Ross
to Ilerelbet, and they have fairly met the responsibilities
.ef that desire; they have subscribed largely for the pur-
pose. Beek assistance al it wu in our power to afford
them we have cordially rendered, and will continue to
render le them, We have transferred to them land which
we bed ptirebesed hr our own line in that direction, at
Mood Me i we base consented to facilitate their obtain-
ing aped by permitting their debentures to have the first
lien an the tmelphe ; we have undertaken to work their
hoe en very moderate terms_ ; and we have negotiated with
the itsrest of Dean Railway Company, that they
shall take a considerable amount of capital in
the usilselskinet. Sweat assistance it war reasona-
ble in them In ash, and sui.b assistance we were
enabled tes ached wit hest any very great sacrifice to you.
In the mu munwm,_ the counties through which our
Wilts, Reuseantsee* *qmoutk Railway paves were dui,-
oars that that Mn. sliming be ampleted. They also have
taken the berths' ht a game measure upon themselves, and
have 5011•01 • amosai
_lke the purpose of temple-nag that
line. Tbe sodisiamo um we have renderai to them se of a
different, ad et swot ezteadve character. We have eou•
muted se eumendier le thanes the unfinished works which
we have eutedus rase in that direction, on the condition
that dewy drill Mora tow those works completely finished
at the elyireem eta stipulated term, and for a moderate
Speeded einemst. This arrangement suit.. the purposes of
holis yank& It &sited us to have our line completed with
out inwerving any additional expenditure, and without any
extfiusieu of your capital ; it suited them to get a line on
seek moderate terms, that they are hilly assured that they
will derive a fair rate of interest for the mosey which
they employ in it, end that they will be able
also to form a sinking fund which will replace their
capital at the end of the term, when they inset deliver up
the line to us. In both these arrangements you will ob-
serve we have kept in view that principle to which I first
adverted, that of requiring that loosl districts should them-
selves provide local means -
only such assistance to *s-
re°rOtl, Rom and
your
resources
°Y.

the acereivete, hare

nuns for lucid purposes, we rendering
to them u will prove no burtlien either
or upon your credit (Churl.) 'rho
Gloucester Compan ,1I observe from
I already comma ens,
g,,,,,,-..._%,, m
cLi ~,illits‘ 54...
CI 04. k .CP
4. r .0
• .1

4 .

asd 1 be,. 1M Terma. Tamil. and Welmilaimpaoy
will shortly be In • eendlika to de the seas tiness.
ear ..ethers kiss rant meet a vary 61111 meed
Those lion rem die amok of • masa he whisk w rein
oesdaterirorm=erowedheelet bra beinginamespeed
kegaril kat Ger le rem, by saner
swap bees. They were sninhkes kr peepers of de-
bate large sussed marl Ind bees asp ared ma them
it wes hisgemehle M rude era then I aid the way arm
therediee der oeseakel ft us was. the whisk we toosse-
amended bp par essindisme of amealrelea, • reeminends.
ties in shish we rest redlelly resaned, that we should
kith them Nine elide the emir iambs impeditiom Whey
litter or • bed just Idled In twoeseart wideamene Oat
we had mass le wire to arierthe amissemente with the
Idris sad Wartle•Weeires Ouspery g sad k
of ear kilen we bed emend loth • alliesese n=
Illwriebery lire. %V a have rise sempl•l that wimp-
ram by entering iate as agronesset Oa the ilidisthesil,
lemeetthin, mil Cheshire Compsey. I wet Meg that
egreement should have mimed the Issas of • parestee.
and be myself I should rather have pe olemeed that it had
boss a Mal Male arroraprarat. (l gr. boas.) Bat the
gem maple of that line already nearly equal the mineral
smart wheat la guaranteed to it by the line compasies.
The qamition, therefore, ie little more this me of workutg
'sprees t and there eon by au doubt that Irks it eball be
romphted, and se operation, together with the other Nam
its ineriim wall ho luny rialbeteut to meet these adiditional
ea p.-roes. (•• Never.") However, the case was sur-
round,' I with didieulme, and l bedews that the arrange-
mat which we have mad* is the only sole owl prac-
ticable arraagement that wo could ache. Bids ler
the purpme of giving edict to these memegewleels
have Mom smut by taw examiner to tiro= CM=
foam inv. but it a... upon important sod
sad we have so doubt that they will espy be set 4.4
that committee. I am teed that we are to impost •he
=ratable epproation to thme Lit:.; but I soolbee lam at a
los• to musk emend upon w hat pabbs rem& they are to
be rens ed. We do not ma Jur nineties to riery sew hen;
all trot we ask for is maim to MOM armogesseets be-
tween cositimous lines already .auctioned, mad which have
a too ace interest. The uuly question. as it settee to me,
that eon be raised is, shall Love lien be marked is a w-
eer aloert wilt be advantagi ram to the empseiss to whack
they belong, sad cooriorent to the pebble Mr whirssow
they were made, oe shall they be obstructed and ietssespord
be the lot. rest of a rival company ? Tai.eeemm 11111 Ma be
the only tpsevtion, when the case i• divested.( braises
sophis•rii which sea puoribiy he raised; mad whet I Mar
of • unreal of the bottle ut the actura, andof My ad
pretr.ie:rd contivta for which large feeds am lemMed. I
own I ais earpri.d. 1 may lam as
roan,koor in the strength of Mr 01/1"711:72
1 istivit say it mem to me that this 2 =
ties wines can be raised is me thee
of het 010, mad that • very early anda sem. alloilemt
sad t' at • coast...it:. of either dose et ass.
Metering the eiminon nom and Frankel mamma la wbieh
they term such qa..tiona, will diaries at this maw ia a
very tee day. I am far Iron denying BM it le natural
that um 1. 414100 and North • Western Coespeay shield re-
gard with failings of uneminess aad diamtisfaction our ay-
retch toward• the north. but they should not altimethem
hewn that Mesa results are the emuntraation ut that
policy which they theamelves thought St to pursue towards
• ( ale,,, hoar.) triturate* oe respecting our intoned adage
is so fully given to u• is the report which 1 now
see iii your hands, that I will nut detain you longer
by pang again over the semi ground. I MI
only eJogratulate you upon its very satisfactory
character:, both as ri garde the put and the future.
It is the best report lb we have fur a long time hem ebbs
to pre, at to you ; and 1 hair great pleasure in reepoiliqy
that the secretary will now read it in order that it may 111.
eine your apron' and confirmation. (Cheers.)
The alteltlTOar then read the following report:
" The nmarkahle 111CfriX of pamenger milk over Great
Western lima during the Eillibitiou of 1861, which appear
is prup,:ion to the ordiaary receipts, to have exceeded
that of almost every other railway, has enabled the direc-
tors to per sent secounts for the half-year exteibiting.an un-
meal profit from the "mum dthe sompsay. The only
additions to the railways worked ham bees 44 mike of sin-
gle is. kisses Westbury mil Wassiamer, which branch
wee emend ea the 9th &member kit @ad 71 milk (the
dierearer end Dam Fenn Beihiegie ea the 19th
=llbetween Olueentsr and t, at whir
in i tee with the South Wake 'dray. The m-
ere of pamengen during the half Latera.liepoa a
with tie sate. period of the year 1 M the ews e =
result : --More passengers conveyed, AO g ftwaseed re-
ceipt, 127.1271. Of that number, 2N 148 perm rem ess-
veyed in recursion trains, yielding an emir. 0f411.11111.
over the recursion traffic during the menspetedlwg hal&
year of 1160. There has hem so hems@ of Kthilltem of
marrchaedise conveyed, whirr, wish sore Barr sown
of Memo, have produced se additlausi emir of SAM
la order to murrain key mesh ef the Wiper's
revenue Ime been fairly attributable to °Miaow raking
arid leer mash of it is due mahasivelyitivo
lathe
auseesime of the Exhibitim sod dr
kering had at Wisdom Ia July list, the of the
lest Orn week. daring whisk no sash erreeliess
have bess sompred with dm al
Wriat I
the preedieg year. The sweep larger deriag that
period proves to ham been 907/. per week, mein- I
lent for the whole ball -year to 2.3,7001., which May I
therefore be seemed to be the mom from =
mum ; leaving • makHUM, be s of , to
as the grim mime derived bra travellers
the red Apieulteral
the Moore hes bra thee satiehmery to the progrelees,
the dreams for asslithat that the emporium all mat
per es me ght se the total addisisnal dirge Ow
ell the =Ks :le= hi rely lidAtig. is whisk
ear re by kr law Mgemase.
mere et shish mem its iored by the inheredis of the
AttornerOsseral spina the ampanyi bLfsett
Court of Exchequer. brides ea eerier outlay. for
Mon. an I renewals of shole• eel et gratuity gives he
the local superinteedemia, aad ether Mast ad the
company, es • iv ward her Orr pally Inessooll Moan,
sad very meritorious nearest is are*, so the extra
heart. of the ewes. The mak of the- balf-year, after I
bringing to apnea. re prim Wises, sod providi I
for very . anobles the dresser tewmng
gest oa eserks es isimaied dieldead,
they recommend to he l gm mat be the lee=
payable at the usual Meek This reeeeMe •
to be carried over, whisk the director resider andalint,
alter payiag seertgage raver, and all paesiesed dIM
deeds ea prelsionekl rode, de, ,se seams dieldosion the '
ordinely rarer, meek of the company of at km dear pas
MM. per mem. dies the tire masa die punier et the
sad Orlaid. and Binuieghies. Wohoshergo
atel=redisy arkeem shall have foss eimpietsil. and
the elleibbi be ebeelleE Wane MA bah these
lines seas have bees etrowely awn air proper
trallsesperel Teat beard are unarms' k
as • onaoselal eissidemslesoaleakeed aphsbrignalse
et the eedemilliko Obi dime* to died se the are.
=efineemem eepprent into whisk hen
dlekisai The IkeaWake
@hod Mk bees ped
ad Cbmilow lisse, woe
sod
dd
Dan bee Omens m
with the Oloserisr soalitifoe:t
Nedwer. kr sot brag a ran was Ise thieughest.
the kw hat set yet park% see
bar any sis or shreds bees Mame
from Month Wake met re oast linsers.arait
Bireniegbam and Odra beldwis trill be
d snag she part Wirer, red It is dm ream wrismary
to meld& addnlesqllaseereds.
veggies, de., fee bee the benthalifte=
bwrierkese liar. k du saw komeadve en.
giam. Ioearnaps_inil 199 wagger!. _rand mad yell
alms illemest. tag. whisk are avalielge with other sere
weak she welds/ Mame Ism le asellal sow to po-
rde to ram magims. 10 eenteiges, mad WO wpm tee,tie., et various iseriptises. The amine« of eat tads
it asM o seaake • Isle et 146,0001. at. this mot.
tie ish the adeguele robin era he
Sher railways, whisk will be mord
0rip19.52.
Wal
Ilimes the lest lialf-yesity reedng was lidd k the
sy,
Oohed. Wriesaftar; nod agree
, whir
bed icyalgenesed the mariseades of VW resat
emeeniem between the two Peolhard by Oh
empty es Me 1 tith July Ism) • sordation adept,
im it fts with •en othat of whisk wield
lave bees to hied Ibis to ii dab lialairke. as
well ee to somper ; sad ailespiallydin=
Is the Oaked. Wiressier, and archangels
err SOL per masa as istmed. he every
ieigiaei dire. thee in the =der about 141.
Tees thessers did not trek themselves
reedmg se • anal= se merely M mimeo with '
the primly.. ups shish dry lail undid
le negother be the lere of Met reihwar.
Tbe aireseseed under the menses Mal of that
still narks he imees—est rerindes of pew
having bees popiest to rejeat le—eddle the deed= whe
Mdse the @poems& have rasideeed reissue rl likely,
without ems the media of a posed =Mks of skew
holder. mad nmethst r their aggegerem
employ the name end tank Mis Ind areaef l' et dee eiregamy.. to
=Ya third Um of railway hitersee Leaden Mr
ves before they lave obtained mph* to
empire Male eadirtaisig. Tem Mouries them
it their key to tales every rams he makelag
the who hew bees ponies se sash salisppliw
tlem of the repsllella kr the apmedltsre ; as well es
le hasesees the Miaete of any app leelles he verdured to
sammiell oath • An imeeareedbas bees soadided
with be Trallrel. alesserr4= Osse-
pay, by tibia arab_ Labs perieseely by Oh
eseepay have boss demesell af to Ikea UMW Ma 01
mg at ewe with the week apes their Ike te
wbish fo le be oesdeusted es the brad page,
and wheel semploted ibis mammy hem espial to week it
ger their sereen. Me to mint and may eat the err-
emirs et re two Iliamtitesy angiriss wish this NW
posy. end shots onshathe Mime/
If the Birlmalead. lioneaddee.
the three sesselated •Impwalse• am oho beam pidkinent.
The agreement with the •
hefier was sethesi iris y
year dream wake • . given at the fyeial
General Mork. an Or War It esatergiros •
keen of the Ina. se • mil RAM per
hy the Mess onspries g but al it Is merle the
Approval Mpadlimmith year artentra will be aloe wed.
Many drama lo the maidens et that @pessimist. rIME as
le she peovidess rim whisais puneemee of •
alardieg erdw of the Tame of Lads popekree
be a., Ted to dallbseate gips s easkeele
s me-
pet honker the parligliee of peeper of the oripsay's
week. oral deseekee the asiblene of be pinmaest way
✓id property. The reed• ea the Issas& sad Avon Canal
n 111•1
errs sin seestka Ilme She Doeurber Lek have bees
eallsieesc ?ada, ithW atsad
id Mews*
ruled
kiddie be the k Med
kg the yeir The of en rely amigkdon of