The Express.
London, England, 1864-02-18 00:00:00

LANCASHIRE AND YORKSHIRE RAILWAY.

The half-yearly meeting was held yesterday at
the company's °Mom Hunt's Bank, Manchester ; Mr. IL
W. WICKHAM. IL P., in the chair.
The CHAIRMAN said the revenue of the half-year was
971,5081., an compared with 903,99 U. in 1862 been
of
786601. in
1861 ; and 1,V31,631/. in 1860. en There had 701,215
rzalrbeing imam of s 768,099 over 2,
:iee 1861, and an Increase ,of 306,050 is 1869,
whet the company's revenue had arrived at its highest
point. Of merchendin, minerals, and coal, there had been.
moved 2,886,4ff3 tone, bong in mesas of 1862, 299,548 tons ;
of 1861, 178,192 tom; end of-1860, 230,376 tom. BSI& with ell
this increase the receipt. were 60,0001. below 1860, owing to
a large portion of the more valuable traffic having been
displaced by coal and minerals, end owing to the paseengers
travelling a leas average distance then is 1860. The recemto
par ton were in 18615.. 34d. ; 1862, ss. 3gd. ; and IN3,
sa. ld. ; the differenoe between this year and last coos-
Moving a loss of 18,5004 The working of the
company had been 412,8111., an incomes of 13,4011. over
last year. The loomootive expeeditare had been 89,6021.,
an Menem of 1,7561., the enlarged traffic having caused
an increase in the mileage. The coaching charges had been
61,3351. • merchandise charges, 142,0174 ; maintenance of
way, 444131. ; general charges, T. 1,30321.
6,0091. ; Presoni sad Wyre Railway, 12,71arrart".tes,
1111111 S, and passenger duty, 36,1014 The outlay
on the remind amount bed been roesidembly
lees then the previous year. The directors asked for •
larger credit for the coming ball-yew that they might be
prepared for the greet influx of Irak which might be ex-
pected whoa the American war cowed. The rolling stook
was now moving 10 per cent. more than in the busiest year
prior to 1863. With regard to the company becoming their
own insurers, it need not perhaps be mid that in the last
Sweaty year, the oompaity's lama by tire at their stations
had sot amounted to an swept* of 5,0004 It would have
bees more satisfactory if the applications to parliament for
new lines could have been delayed until the trade of LSl-
oashire was in a more eatisfectery state ; but having given a
pledge to parliament last seems that if the line from
Choi* to Blackburn was thrown out, the com-
pany would be prepared to submit a lam in
the eamiou of 1864, the directors bad bad the
country earveyed, and were nowprepared with a Ilse which,
passing through very rich coal sad mineral fields, was
likely to be a valuable adjunct to the OOMPOAT's 07•4•10.
It wee important that the shareholders should have an
interest in the Meth* Branch Railway, which would sup-
ply large quantities of coal to the Wakefield and Goole
line. The cropeed exteneio• of the Great Festers Railway
to Ankara would afford& moot important outlet, particularly
for coal. The neossaity for incremed station aocounno-

dation at Manchester, faverpool, Hada:, Bradford, Nor-
mantoo, and other imperflot tow= had become so pressing
that the directors had had to give parliamentary notice for
soma aztensions, and for the makiog of • short brooch hoe
at Ardwick, aa well sa for the improvement of the Victoria
station. The Ovando' Valley hue at Halifax would
communicate withe number of large manufacturing concerns,
whence much trafsc originated, and it was nsosseary the
company should have an interest is it. Therefore it wee
proposed to subaoribs to the undmiaking a sum not exceed-
rug 30,000 f. Docks at Fleetwood had losg base ooetem-
phascl, and a company was being formed to oarry out the
project. The directors, behoving the oompaay's teak
would be Imply increased by their fermatas, sow rear
msoded the shareholders to sulactile 50,000 i. towards the
mak* of the docks, sad also to forego say edam for in.
tenet cc dividend until the other shareholders received •
dividend of 5 per oast. on their share capital. The chairman
concluded by movie; the adoption of the report.
Mr. Ganatz N iteou (vice-chairman) seconded the
=once.

—TES Ear.
bar. BCRCIESLL (Chaster) objected to so large •
sum se 25,6001. being wasted oar after the pa moot of 4
per mat. dividend to tba rename momat of the mat ball
year. It was a much larger amount than gather the ilidlthd
or North Western ware laming as • surplus, and he moved
as au anteedment that the divulged this half-year should he
5 rim aretadmeat was moooded. _

Mr. JOSHUA. FLII.DI2I swished to know how nmeli more
money the directors ware going to lay ont as the Halifax
station. He thought too mach had bow exported More
already. While t►ere were wooden hate for stMiaa•hoaaes
oa some parte of tho line be did not think it wise Mat money
should ham bean laid out for onsantesterce at Halifax.

stalkers. He also objected to the compsay payiag 60,000&
on the proposed docks et Fleetwood, and especially seta
they had some seounty that the docks would be completed
out raffia( epos the emespany for ► further me.
The Vice-Ca•nuutt said, ia slower to Mr. BarolteP.
that the company would enquire 5,0001. of the surplus
after paylag den to form en insane.. fend. To
pay per cent. more (15,000 l) would, seder ask cir-
cumstances, leave too smalls, surplus, bodes, from thepree-
porta of the lice after the &Atop oriels wee over, they would
probably be able to pay much larger dividends, he thought it
was better to keep os the ode side for the pewit la an-
swer to Mr. holden he rid the expeoditare et Halifax was
for increased goods traffic sooommodatioa ; sad with mord
to the expenclatuvi at Fleetwood, it would oily be @ousel to
2,3001. per searuzi, ia 'eters far whisk they would get sp
increase of traffic over the line. B. entered late a Mete-
meat oho wintr that the dock company bad mode • good
ensagemeat for lead with Sir Heeketh Fleetwood, sad ma-
Waded that, looking at the large population of lrelaed, ft
was good policy to enesuesse tks ferimeila of &Sift, and do
all they could to halm the truffle bower lavisad sad this
country through the port of FleAwood.
On a show of hands the easeaduseet use swayed by •
majority of 40 to 36 votes, sad the report sad asermate op-
proved of.
Resolutions were subsequently carried didariag a fßvi-
die=fAheer rook per annum ; re-electing the reining
of whom (Mr. Thomas Fieldale rid) were good
fellews—(leughter)—mapowertag the directors to speed
120,000& donee! the 'arrest half-year co sew works, re-
electing Mr. Vale, es auditor, sad settingitor, side 6,0001. for
es
iesuranal . _

The seeetitgese lass Bade epees/, sad melstioas
pawed ter tardatteig the muster is shish the division
shell retire under the essesearat a< aelagemetios, sad for
exitesiaisi the beerawill points el the emcee, for sums et
KOOK sad 50,0001.

COITON SUPPLY ABOOCIATION.-111 the usual
weekly meeting of W Ems:intim Oenemitese, held as Tow
dsy, a letter was read from St. Thomas. West ladies, statism
that the cultivation of semen haiped/y Weida; is that
Weed, sad that good reealts are andliiently eatacipataL
Favoesable minute were oho esesived Ma mop sow
mowing I. Mt bedew. A letter trim Dammam repute
that the reams have illesteoyed ea 11110110190/ quantity a
cottue, and that the plardese. rostiMg to witW
when ready, Lave sestaised emidembh hat ba
Wight by their ex prima hems whisk will be valembie
for the future. A letter w read trees Corrientes, in the
Argosies Megabits, 1181atkog that peek osThiy memils in
W ealtivatioe of mattes, gadshsaii the semen
to propitious, eat lees then 3001 bas will be prodased
l ed
ire nd n theer proveviserosy of O
as • errientes aleemema Thse goverment is
ing bisil,in prd kit
mites *Miami mak have bees seTtidria
is is ozposied wdl be y colopteL Veins inmismen
see is whisk are likely to prom highly edema-
serous. I.M on preampanying applieatious tag mud over.
repaired from the eemoul-geem4 of Spain, staling thus kes
Catholic Majesty's government is most sazioas to promehs
W coltivatioe d PAWN and has directed its siteatioa
specially to the pities of Matra. Wanted in latitude
36.40 deg. on the shores et the Meditimerenesa, sad proposes
to extend its elects to the neighboaring provisoes sad
othen on the same oust. A coessomoseseet km already
been mods with good results, sad further esperiemats on a
large mole, with variom sorts of Need, are contemplated.
No effort will be spared to ensure moose% sad meow
Mace that the seneetation reader will b.gladlysffoud d,
• letter w reed tree Now York Mean that there le
quite • demised there for cotta. pies, sod that Mite:
been seas is large nambere to Smith America, West
=Lid ether feet whisk shows that Gotten
is ea ttsialressee is those emairiesi 71se
minim is eanildeatly .!reed that the champs osenning
M the Soothers States writ Mad to gim pernmeeney he the
growth of tattoo in every War part et tie world. A
Wee was reed from Tula fundebieg isterestiag pertleolaw
at the Cotton lizhibition mew open in that city, lied it wee
resolved miniestly to raped the pemident el the simplaties
to became its repremmtative at Turin derieg_the Eakibliken,
is eon plisam with the desire al the Nepal talks amorist
idea. This, it is hoped, will greatly sad etimidete
the *Saris sow =klieg to mimed the geswtb it mites is
lukr.
Moss "%Air Irma AND ern =AN =vs.—This
mom t• Sho=simil bad Meek et spew sad memo
lee egisevel. The lesehliened
C=l= se Athol Webb Mae% the iseisleseee_ ear amen.
-(loss. Ilroshateset. Ilmoveromme. MattatiM OIL