The Express.
London, England, 1852-08-28 00:00:00

EAST AND WEST INDIA DOCKS AND Bllt.

MINGIHAM JUNCTION.
The ordinary half-yearly meeting of shareholders
was held yesterday, at the Bastewequare terminus; Mr.
Boorr ia Ike chair.
The report stated that the directors have again the astir
(section of reporting the study Warsaw of the
trade on the railway, u show. by the folluriafec=sv:
statement for the six months eadiig the 30th lithe lest, and
for the corresponding period of last year:
Prow% Amount.
1851
1553
Immo
It is alluded to obviate the irregularities in the
arrival 4 sailing vessels with coals at the port of
by the nee of sorely Mesa colliers between
the n la the north and this compeay's dock.
The reawi are being built by a compeay constituted
for tide awn« object; and three voyages already made in
seenadea with the railway by their first vessel have been
meet amesessfal. The City warehouses of the Londos and
Nesitclifestern Railway Company, la Hayden-square, not
befog eniapleted for opening, although in active progress
tin geode Irak over this company's line hue aseemearili

been limited during the past half-year to that portion which
is connected with the river. Since the last general
meeting, of the proprietors the corporation of London have
selected Copenhagen-fields for the site of the new Metropo-
titan Cattle Market, the construction of which, it is under-
stood, will be commenced without delay. This site is im-
mediately contiguous to the company's railway, which
being connected, as the proprietors are aware, with the
principal lines used far the conveyance of cattle to the Lon-
don market, will serve as the channel for this important
traffic, by which also the existing necemity of driving
rattle through the public thoroughfares will be obviated.
To effect a suitable coanexiun with the intended cattle
market, to construct additional sidings, to provide
adequately for the increasing amount of tonnage of
goad, and coals, which may be safely calculated upon ; and
to furnish sufficient rolling stock for the passenger traffic,
as well as to cataract the new stations and other works
not included in the company's original estimates, but now
found indispensable to the working of the line to the best
advantage, the directors recommend that parliament be
applied to, next session, for powers to raise additional capi-
tel. Careful estimates will be prepared of the amount
which will he necessary to effect the objects in view, and
them will be laid before a meeting to be specially convened
for,the coasideration of the subject. From the capital
account it will be seen that the directors continue to replace
the five per cent. bonds, as they fall due, at reduced rates
of interest; the amount, during the past six months, has
been 7,8501., which has been renewed at 3t per Cent. The
reveaue account shows a balance of 6,7021. 10s., after pay-
ing intermit on the debenture debt. This sum is sufficient
to pay a dividend MI& per share for thelhalf-year, clear
of income tax, on the company's capital, inclailing 60,0001.
of additional capital, not entitled to dividend on the previ-
-011110112410112
The CHAIRMAN said that ho had to make a few explana-
tions of the proceedings and expectations of the company.
In the first place, the increase of paaeenger traffic as com-
pared with the corresponding half of last year was 20,000
persona. The gross receipts of the autumn half year of
18.51 were nearly 4,0001. more than three of the past year,
proving that the autumn months were invariably better
than those of the spring. There was no falling off in the
expectations from the current half year, as appeared Irons
the fact that the last eight weeks' receipts from the 30th
of June were 20,000 passengers, and 2401. in money, bet-
ter than is the corresponding weeks of 1851. Consequently
the result of the last half year was no criterion of what
might be looked for in the half year upon which they had
put entered. Although the town was full of people last
year, in conseqoence of the Crystal Palace, and more
persons came upon the line than they could accommodate,
vet he was happy to say that they were going on increasing.
The North and South WesternitailwayJunction fi-omWilles-
den to lirentford was expected to be completed in the course
of next month, and he understood from a party largely in.
tweeted in that undertaking that, in addition to the existing
sources of traffic, they might expect a considerable addition
from the conveyance of the goods which passed between
Southampton and the Levant and the West Indies, all of
which was now conveyed to Nine-elms. The junction from
the Eastern Counties was likely to be of great importance
to this line in the conveyance of cattle from the interior, as
well as those which were likely to be landed at Great
Grimsby lied Lowestoft from various parts of the
north of Europe, with which these places were
now forming a connexion by means of the new
stain Navigation company, presided over by Lord Yarbo-
rough and Mr. Pena. The shareholders would find by the ac-
counts that they had expended 781,7801. on the main line,
as originally contemplated. They had power to raise
800,0001. for that object. This included the cost of land
and compensation, which was not yet settled for. They had
altogether expended 806,4801., which included 24,7001. paid
back to the shareholders in the shape of interest.
They had expended the money which they were em-
powered to raise by the two acta of parliament, and
they would have to appeal to the proprietors for a further
sum to finish the extra works, of which a careful estimate
would be prepared, but so many extra things started up
every day, that it was really difficult to know what would
be required. The surplus land between Poplar and High.
bury would enable them to lay down a double line of rails
if the traffic was found to require it. (Hear.) The chair-
man concluded by moving the adoption of the report.
After some conversation, the report was agreed to, as
were resolutions declaring a dividend of 10s. on the
half year, and empowering the direness to raise additional
capital for completing sidings and works, and also to raise
debenture shares in lieu of the money now borrowed on
'debenture.