The Express.
London, England, 1862-02-22 00:00:00

METROPOLITAN RAILWAY COMPANY.

The following report of the directors of the above
company will be promoted to the half-yearly meeting, to be
held at the London Tavern on Wednesday next :—" The
engineer's report shows that satisfactory progress has ma-
tinued •to be made in the works of the railway.
During the pest half year, the locomotive engine,
coutructed according to • design of Mr. Fowler,
your engineer, expressly for the wockingl of this railway,
ham been delivered, and tested and found to be a success •
the line was entirely free from smoke or steam when the
engine was at work ; bulged, the possibility of running loco-
motive engines which would condense their own steam and
not emit any of the products of combustion when in the
tunnel was so apparent, that the Great Western and West
Midland Railway Companies intimated their readiness to
contract for the working of your railway with such engines,
sod the terms for a very satisfactory arrangement for that
purpose have accordingly been concluded with those com-
mutes. Ac there might ho some doubt whether the coo-
tracting parties have the power to enter into such an engage-
meat, express parliamentary sanction is sought for by a bill
which your directors are now promoting. This bill will be
laid before the shareholders for approval in due course,
and the directors therefore postpone until that occa-
sion the details of the amassment. In the same
bill powers are inserted for the purchase of pro-
perty which your directors and those of the Great
Western Company think necessary for the more
convenient working of the proposed Smithfield station.
Since the hurt meeting of the company the rate of interest
has been much reduced, and as the completion of the un-
dertaking to larringdon.street is et hand, and the oorpo-
ration of London are now perfecting their measures for
the carrying out of the new markets in Smithfield, the direc-
tors think the time boo arrived when mesas for raising the
capital for the construction of the Fioshury Extension should
be devised, and they hope shortly to lay before the share-
holders • satiafactory scheme for that purpose. Your di-
rectors oSeerve with satiefaction that the Great Northern
Railway Company have commenced the construction of the
hotel curve at King's-sross, and that they expect it to be
completed by the time of the opening of your line. Your di-
rectors have, therefore. take* the requisite measures for
forming the Eastern Junction line from Maiden-lane to
your King's.cross station. The whole of the ghee* capital
of the company being now,calleil up, the directress recom-
mend that therms be converted iota stock, and • resolu-
tion for th 4 purpose will be offered to the proprietors at
the meeting. One of the auditors, Mr. Copesteke, retires
by rotation, and, being eligible, offers himself for re-
election."

TR ATFIC R gem rrs. —The traffic receipts of rail-
ways in the United Kingdom amounted, for the week ending
Yob oo 10,1094 miles to 459,135/. ,aad for theoornapeedieg
week of last peer on 9,871 t mike to 473.0091. ; showing no
inereme of Y37i miles and a demeans of 13.874/. The grow
Flee* on the following 14 railways amounted In thong:se
gate as 6,430} miles to 343;2361., and for the correspoodiag
week of 1861 on 6,274 miles to 357,53 W.,
an increase of 156 i miles sad • decireess of 14,w41,
The decrease on the Eastern CORlltille Railway amounted
to 7441/. • on the Great Northers to 1,9311. ;
_no the
leneashae and Yorkshire to 4,7901,; on the I•°°d" and
North-Western to 2,2191. ; oe the Manchester, Sheffield,
and Lincolnshire to 1,3651. ; oss the Midland to 1,9841. ;
or the North-Eastern to 2,7861. ; sod oo the South.
Eaatern to 4981.—total, 16,2691. Bat from thin roast be
deducted 33. V., the Increase on the Caledonian ; 2121. ea Ow
Greet Southern and Western ; 341. on the Great Waters ;
7121. on the Leaden, Brighton, sod South Coast ; 6161.
on the London and South•Westera • sad SIX cm the
North British —toothier, 1,9751. ; leaving the decrease, as
above, 14,2941. The goods sod Wawa traffic as them
lines amounted to 198,5701., and for the inereepeadhig week
of 1861 to 214,4291., showing s deoreres of 16,11501.
The receipts for percels, he., amounted tw
144,6661., whoa 143,101 .. showing an inereass of 1,6661.
The traffic receipts on 67 other lines smoseted, on 3.6711.
miles to 116.8991. and for the correspond* week of lest
year on Men miles to 115,4791.. shawls( an Weems of
Si mike and of 420 i. The falling eff in the Wane of
the pest week se compared with the carresproding period of
1861 is chiefly exhibited in the goods teals en the►
lines and shorn that the dewier has been PeaSleirid
the depression of trade in the nrenfacharier districts.
The traffic receipts of the past week show en &wowed
7,991/„. as Tarred with these of the preceding week en*
tag the Bth

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