The Express.
London, England, 1852-08-14 00:00:00

YORK, NEWCASTLE, AND BERWICK
RAILWAY.

The directors of this company have just issued their
report, to be submitted to the proprietors on Friday next.
It states, that the receipt, for traffic during the half-year
ending the 39th Jane last amouuted to 360,2121, and
for the corresponding period in 1851 to 351,474., showing
an increase of 8,8371. The working expenses for the former
period amounted to 144,2021., and for the latter period to
136,7661. showing an increase in the expenditure of 7,4361.
There has been as increase in all the various sources
of , except the passenger traffic, in which there
is • decrease amounting to 2.0621. The increase in
the cattle and merchandise traffic is satisfactory. The
directors have made various reductions in the dues on
coals for export, by which some collieries at • distance
from the ports of shipment were kept open which would
otherwise" have been closed, and others were enabled to ex-
tend their operations. By these means the export trade
has been increased 73,450 tons, and the inland trade 147,368
tons, making • total increase in quantity of 220.818 tons,
and in gross receipt, of 13,420!. over those of the correspond-
ing half-year of 1851. The additional quantity of business
done in the mineral, merchandise, and cattle traffic, has
consequently entailed a considerable increase iu the mile-
age of the engines, and generally in the working ex-
pense,. According to the terms of the lease of the
Hartlepool Dock and Railway, an increase of nearly
2,5001. per annum has taken place on the rent
payable by this company since the let of January, in
consequence of the conversion of •debenture debt 0175,0004
into an 8 per cent. guaranteed stock. Of these debentures
36,9681. has been paid off, and the company have in hand
the "balance (38,031!.) received from the Hartlepool cons-
panj. On all the loans falling duo in the coarse of the half-
year the interest has been reduced or the bonds paid off.
The total amount of the purchase of the Great North of
England Railway was 3,547,5001., of which there nuw re-
mains unpaid 2,343,9221., and the amount of the first series
of purchased debentures, payable on the let of July, 1863,
bas also been reduced to 411,742!. The permanent way is
in good order, and the whole of the rolling stock has been
maintained in • perfect state of efficiency out of the revenue.
The receipts fur the half-year amount to 367,8391., after
deducting the working expenses, the net profit is 223,637 L,
and after providing for wayleaves, taxes, rents, irderest,
guaranteed dividend, and other preferential charges, there
remains • net disposable balance of 86,6771. The directors
recommend a dividend at the rate of 2/. 161. per e sat. per
annum on 6,099,0541., the share capital, entitled to the cur-
rent dividend, leaving a balance of 2,8161. to be carried
forward. The directors expect that the Peneher branch
will be opened in October next, and the Think until Melton
branch tbout the same time, or a little later. The report
of Mr. Harrison, the engineer, states that no fund being pro-
vided fur extraordinary repairs of the rolling stuck, the
Principle has been carried out of keeping the who!e stock
in a perfect state of efficiency, five new engines hiving
been paid for out of revenue during the half.jcar. The
general statement of the whole of the locomotive inginee
shows that 167 engine, and tenders are in. - condi-
tion ; 17 requiring considerablet ofpaitt 'suesbuilding, 16 requiring trifling :vetoing ' s., t•
frIC •
: • • rn
GO

at wnrk, hielt require to be entirely rebuilt; total 209.
ICI, .v the engin's during the half-year 1,854.717,
out of r tta.i a 2.5,2621., ;of which 8,049/. was far ordinary
kut I 17.188/. was fur extraordinary repairs and re-
wewda. The paswager•enginre consumed 29.211 b. at coke
W. milt ; vast pre mile per train being
includin 1•3;,1. cost of repairs and renewals. The
goods and armed engines consumed 49.001 b. of coke
par mile, and coat 7.30 d. per mile, inelndiag 9.804.
for reps,rs and renewals. The 'scrap eonsomptlon
of coke was 42.191 b. per mile, and the cost 7.36 d.
per sada. The capital account to the 30th of June allows
tbat 8,815.135?. had been received, and 7,018,8631. ex.
proded, /. .ving a balance against the company of 200.51i1.
The diwature account shows that 1,808,6291. bad been bor.
rowed, of which 50,0001. is at 21 per cent.; 135,8001. at
31. 11,3401. at at per cent., 634,8681. at 4 per cent.,
142.5°04 at Par cent., 110,7851. at 41 per cent., and
492,376' at 6 per cent. per annum. The debentures on sub-
sidiary lima, rid Great North of Ruffian& Hartlepool, &c.,
onnuLl L. 223,9701. The share capital account shows that
8,218,98,1. bad been received on ordinary share capital, and
1,480,303 i. on Great Northern England purchase shares,
total. 11,741,2b111. The amount in anear, 60,2931.,
mamma remaining to be cared, 2,271,4131., making
the 10 a! *monk of stare capital when paid up
11,059,9; 4.. including 3,320,419/ , Cheat North of England
parches, kbares. The revenue account for the half-ytar
gone, W., 397,8391. had been received, and 181,312/. ex-
pended. n.eluding 9,1151. wayleaves, 3,1191. government
duty, a 7,5141. rates and taxes, leaving a balance of
103.497.. From this sum is deducted 117,400/. fur interest
on del .trues, preference shares, and rents, leaving
88,097/. to dividend on the ordinary shares. The
metre pit mile for passenger trains amount to 47.9.h1.,
and for : and mineral trains, to 49.33 d. per mile.