The Express.
London, England, 1852-08-17 00:00:00

HEREFORD AND SHREWSBURY RAILWAY.

Yesterday, the half-yearly meeting of the proprie-
tors of this railway was held at the Lion Hotel, Shrews-
bury, Mr. 0101814 Y Goan, M.P., in the chair.
The following is the report of the directors The por-
tion of your line from Salop to Ludlow, about 28 miles, was
opened for traffic on the 21rt of April last, and is now being
worked by Mr. Bracey under contract accepted by you on
the 2Gth of February, 18.51, and which contract is proceed-
Mg beneficially to the company, and also as the directors
are glad to add, satisfactonly to the contractor. The re-
ceipts over this portion of the line since its opening have
averaged about 131. per mile per week, exclusive of any
charge upon materials carried thereon for the construction
of works in progress. The balance, after discharging
the working expenses, will be quite sufficient to
cover the 31 per cent. guaranteed by Mr. Brassey
upon the amount expended on this portion of your railway.
With reference to the progress of the works, your directors
have the auurance of the contractor that the lino to Here-
ford will be completed by the Ist June next. The New-
port, Abergavenny, and Hereford Railway is expected to
be opened by the 30th September, 1853, at which time it is
hoped the Hereford, Rots, and Goucester line will also be
completed, and that the whole of these railways may then
be worked advantageously to each other. In pursuance of
the authority given to the i;irectors by the resolution of the
special meeting held on the 7th July last, the sum of
60,000!. has been borrowed on bonds of the company, at
the rate of 3} per cent. In the last session of parliament
the act was passed (which was alluded to in the report to
the last half-earl y meeting, and was approved at a special
meeting on the 9th June last), for enabling traffic arrange-
ments to be carried out between this company and the
Great Western, the South Wales, and Hereford, ROW,
and Gloucester Railway Companies, but no agree-
ment has yet been entered into under its powers. The
directors, as stated in the last haltyearly report,l
deemed it necessary, in protection of your interests,
to oppose the bill for making a railway, from Hereford to
Worcester, in consequence of the works being projected so
as to avoid all connexion with your railway, to prevent its
Junction with the Newport, Abergavenny, and Hereford
Railway, and not to provide for any convenient general
station accommodation at Ilereford. On these and on other
grounds the bill was rejected by the committee of the House
of Lords. The attention of your directors is still given to
the subject of promoting a proper junction of the ragways,
and the providing of station accommodation at Hereford,
with a view to the future convenient Interchange of traffic,
and they hope for the friendly and cordial assistance of the
other companies, to obtain those objects desirable as well
for the interests of the railway companies themselves as for
that of the public. Tho directors have not deemed it
expedient to sell, or otherwise dispose of any of the shares
which have been forfeited or transferred, fee the benefit of
the company, being convinced that the valise of your pro-
perty will increase as the traffic is developed and the works
of the whale line proceed to completion, they hue pre-
ferred accepting the loan offered to them at a reasonable
rate of interest."

Finally, the report stated that the sentente bad been I
audited to the hOth of June. The directors expressed regret
at the death of one of their body, Mr. Wiliam Brown, and
announced the election of Lord Bateman in his place.
The engineer in the course of his report, said, inter age,
"between Ludlow and Hereford the works are in progress
at all those points which require to be rooked forward, so
as to accomplish the opening of the railway In June, 1863."
The statements of account showed that time had been
received on shave capital account, interest, &c.,
235,438 d. lls. 6d. Under the head expenditure, there is an
item 24,884!. 6e. 7d. for expenses in obtaining the act of
parliament; for lands, works, &c., 172,1421. 10a. ed.,
leaving a banking account amounting to 12,4115. 14s. hd.
The report having been adopted, the retiring directors
and auditor, were re-sleeted, which geminated the business
of the meeting.

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THIS DAY, Room.
Cameo of Win& atreneth of Wthd. Wats of the Weather.
K. Gentle Breese. Overeat.

The returns from the following places did not reach this
silos in time for publication yesterday; they therefore
iodisiate the state of the weather on Saturday morning at
Moe o'clock.