The Express.
London, England, 1852-02-12 00:00:00

Yeatecday that lesaral half yearly meeting of the
posprietem wee hid, at as itempera dime, Bo . TWIG
S• wry nommees IMMedeelle etelinembellen.
apts.u.4 diatom& et do Medi of director% pee.
diet An abstract of the report awl eistemeat of eseetwalh
edimittiod to the meeting hat eke* appeared is the',
mite emelt shows Who
NOW owl tworgsts wee •mm ee gaurewire iseoesse be
tap...to elleitreLueLloft. zompay dii:erinlistltte pall
stem
Mit Mbomou, had paid al. dudes the helf-yeep, knee
ee the ireseat ef MOW., 20,0011. ef UM& WY at l pee
ee•IL. Man at 41 per °set, eel Mb ISM had bees
ve-benewei 44 der oat They ha tre s sheet time bees
ebutiekti meat 41142 et wily mei es the sempary ores
sow ia a emberatem ftwoilel pmdelea, the ihreemn had tin
tenanted not to give more dos 3 per cent., at which nee
he believed they would be nide to obtain each mould se
they reureqeere. The mom dell, es Ike. 31, 1861,
was 7 whilst in June, IMG, koselft.33ll., to that
there tat ea increase to the ninimit of 62,6011. The
aggreest dhearganev between the anowat charged to roles
wow sad the ameent stated in the Neonate to have been
=eseeeived, sem heat the amount ibigr
tltempabefog the mew
mdelit of cap
verioae bast year, the
di Zing bon
emested with the negotiation of team wore use
to sesswiso. There was an item of 2,766 f. Oa 11d. IR
'MOW be interest during the pest half year, whieli roe
heat deferred payments for where poseLden wee bad
prier to Jam, 1849, sod Were the Caushirk poetise of
their lice wee opee, sad the ecaversaws of whist' had
only been lately empleted. There lei=
its iv...h.
II OR
_ lay and expedite=
be aseessary, en swesamt of the Increasing business of the
=ly. The grime receipts exceeded those of the
eer ending Jane last by 16,6801., whilst
the working expenses bad decreased 21 per eat.
Me believed the Great Exhibition last year had
the effect of distinhadag the pleasure traffic of this line; it
appeared that fee the quarter toning Sept. 30, the increase
of receipts foe paasengers' teak was only per cent.,
whilst in the neat three months the increase was 74 per
cent., titer deducting 1,50101., as estimated fur extra trails
during the Queen'. visit to issaeaskire. The increase in
the local merchandise trifle had bees, during the half-year,
principally In goods, where the increase was 17,170 toss
over the amount for the correspondiag perked of Lest year
for coal, the increase was 6,34.12 toss; for miners* 11,908
tons; and for live stock in the local trails then bed ealy
been a small increase. The increase la foreign 'merchandise
traffic was 19,208 tens; minerals, 6,249; and live
steek, 122 'reggae.. Netwithstanding this iucrea.e, the
outstendiug believers on goods account rendered fur carrier
to the end of Nov., were only 4,7711. 7s. 10d., being tem
than at any former period The total amount of capital
proposed to be charged oo revenue was 3,710,085/. fur the
past helf-year, being au increase of 302,4811. upon the half-
year ending Jose laid. This included the cost of land foe
the dock breach and all deferred payments of every descrip-
tion. lie was satisfied that it was the wisest policy toplate
the property of the company on a sound Masada' eaa, and
he believed that whatever the proprietors had sanctioned on
former occasions, the time was now arrived when all capital
should be charged to revenue. The preveut fixed charges
on capital fee the half-year were 36,3071., and when all the
authorieed capital 111111 been expended, the ultimate fixed
charges would be about 315,600,. per half-year. lie gave
this as a very liberil estimate. In this amount
the louse were calculated in the average rate of
ti per neat., cad the referent fifths at 44 per cent. ; but
be theeeht it yen pitiable that if the mosey market was
am et dr time the were paid, it was sot improbable
Ole tie messy addlt be detained at less than 44 per cent.
lema of Fes sustained by this company, on he
en
tithe
Leeds d Liverpool Canal, was 6,8141. The
snailom hid hept the working in their own hands
Me Ile Tm Memel, which was not effected by the
fewpete ef the melees cempenics iaterested till 14 meads
after the at" used non; this Nees the working of
the canal W demi into the hods of the rail
miorsitivo, the_ Imelda, stsff had lees greatly
The precast Imiteesd rates epee all through
Mlles lae&o. Ikalard, ead Liverpool, omit
um Shoo maw i the km esolebel epee the Mei
bow.) tat %bola* mesas the simony leen&
sew somphted MOM the sehode st the segiellift
dairies wedded by moving the eflepetie of the
etiEend the meemoto.
resolution was carried unanimously.
following directors retiring by rotation were rip
dieted :-31 .T. Derek., W Lest, W. Blaeklock, end
Joshua Bower, jun. ; and 3lr. John Holt, of Stubbilee, was
elected is place of Pb. (has. Outaisaan, who resigned in
caseetwswee of hie duties es of Leeds pre-
veapiog hie devoting the don rid seewelire r the affairs of
the eempimp_ +Meg the slim et demist demmileti from
PALMr. ma. Dabs tom reappointed maim
CHA llt MAX 'moved that • dividend. Mkt do rate
dltplsr seat. pee imam be deckled IS the
diem el the eampany ; • dleidemtet net=
ie gas entemit allot up el the prehesme .lor Am
ante. 3d. per Awe tl• the whole ahem ; mad le. 11i...
theiptarter shares of the ordinary emirl ; beteg et the nits
et percent
. RILEY seiiiied the motion.
Mr. Pl4hiltlll2 geld he would, with great respect to the
maims it the Amine" more me es amend.
d
▪ doe the ld hue Mets et n
3 per eed bat*
et 1111111ent rediaied •
a
RN Owe if the emenete
wipe los wogs every well mem le
seam the
A

Mr. PENTON hoped that Mr. Pearls* would withdraw
hie motion. No doubt the directors had studied both aides
of the question, Iliad he thought their discretion was the
best. lie understood that it would take 6,6001. to pay the
extra half per amt., for part at which they would have to
go to the reserved fund. Besides, it might be said they
were making an extra dividend in the hope of standing a
better chance of good terms mould they go to an autalgease,
nen with the Lancashire end Yorkshire Company.
Upon a show of hands the amendment was negatived,
and the original motion agreed to all but unanimously.
The C al ItMAN then proceeded at some length to state
the origin of negotiations with the Lancashire and York-
shire Company for an amalgamation.
Mr. ULACKLOCK, director, at the chairman's request,
read the proposals made on either aide ia the negociationh
The preposals were that the present limes of the companies,
Including the /heap branch and the Liverpool Duck branch,
should be merged together, and that the dividends ea the
ordinary stock of the two should be equal. That any new
lines of railway made should be taken at a valuation, a
provision to guard against the Nast Lancashire hying made
liable to the effect of any mandamus against Up
other company compelling them to make new branches.
That at the sew board the companies should be
remounted, the Lancashire and Yorhahire by three.quar-
ters, and the Mast Lawnsaltire by attar at the present
broads. That the prefkraatis steam essinitr4 _tamed
to the amalgamated company. The penes askg, eta
whisk they lad failed were the claims/Mb esnymay to be
exempt from the eilket of any mesdames to /sake *ft
branches, and a claim to a sham of the 00,000 i. abated from
the Lancashire sad Yorkshire Atha shame.
The thanks et the company were then vend to the board,
though there appeared to be a general regret that terms with
the Lancashire and Yorkshire could not be some to, and
the meeting separated.

DIRECT LONDON AND EXETER.
Yesterday a meeting of shareholders in the above
was held at the George ate Vulture Tavern,
" kr the pergola," es Muted fa due MM.
IMMO eismaimp the marethq, " ambles into esseside-
Miss the sooduat tet the eldest sessepsrupipeteeid Is wind
lip the sails of the coaaptmay. ae Ila the nese he whisk he
wooed hap." Mr. Melting le the ash. Mr. White,
ezommtiery of the ecompasy, enters, into a less festinated,
wet of it irodevast he the =Wet. Mr. Vollmer*, fles solicitor,
whs has been sating hit the ink rests et der eisrebeidere,
iliptpleut the pesimedeep is Chancery. esseetseet Apes
the reeekties t• wield up the vompenee .ellie wide geese
Wens ; and the impression prwhierd es the smeting yes
so satietotory, that a :violation (or a Maar, to Mr.
C. Wrighte, the elide' seireger, sad Mt. Mae% the
solicitor, f.r their siesedem le the ales and asseme ler
the interest estreeled he VIM, was essameedy adapted.

AN OLD Tick

'Yesterday, at the
9sitakell

dirwiess, Mr. lame pram
=re =l:lisseen for obtaisise L. 11.. 6d. solar
Yu pretentes. • fur weeks age Mr. Oataken boreal
shad 40lbs. of whet wu said to be aneggled toner e° awl
IM , at about 2.. per lb., or if the ankle had Wit
, nearly ls. 2d. wader its guit value. EGO
bigot/ for his bargain, without iorourfirtg it preview/ale
ty Wag it borne, he gamed the ',eradiated found it seer
Wald • Quantity of sawdent. toO the foend on dm
21. de., tare star ly use weal
adiph, which wes fiat the court nada Owls be
gifts op to him, sow of hi. - •
11111111111110 rYswiss WSW the lea,wsd ea
wag anibiafiere might to keep lisiatiose loaf=
maw. He was net ally sttssatalat
defraud ilhe vousise, but ander • potables to
awl enemas awes to wry os pastime which timpani*
resulted la datir severe punishment, aid in many initalien
is tide ear Ma.
iIeTZIOLICTIONSL COPT 1110 HT. —T wit orders
used by be, Majesty In council, diVEstr7ll4,
authors than have the plenum of t her
MMesty's desiiniona, and ridgelike theas
prints, and drawls., publithed within ebb amok=
Frame, have been furnished to the Hentant Os
wore! poito throughout the kingdom for tbelt
sad poturumat