The Express.
London, England, 1852-08-31 00:00:00

LOWESTOFT RAILWAY AND HARBOUR.

The half-yearly general meeting of the proprietors
of this company was held yeiterdsy at the Harbour-house,
Lowestoft. Mr. E. Loathes, the vice chairman, presided.
The CHAIRM4N said he had to regret the alumnae of their
ereellent chairman, Mr. Pato. At the rue time he wee
happy to say that he was away in a good cause, and
is the execution of plane which he confidently hoped

I believed would render their line and harbour more pros-
perous than tiny were. Mr. Pero was Low over the water
endeavouring to e.taltla.h a line of railroad between Ton-
fa Mg and the uttereopoint to Copenhagen,which when com-
pleted, would prove of great beat. fit to tbo whole of the
coast, and would put them in conjunction with the other
harbours on the eastern coast of England. This could not
fail to be extremely advantageous to Lowestoft, and to make
them of some importance in the eyes of the world, both us •
harbour of refuge and a harbour of commerce. Ile Cad to
congratulate the meeting that the report and half-yearly
meetings both of the Eastern Counties and Norfolk Rail-
ways had given such great totistactiou ; with those lines they
were in • great measure amalgamated, and of Course they
depended much upon their r miiition. lie must therefore
congratulate their own propiietora on be big a iccesaful in
common with other railroads in which they were so mall
and so deeply interested. (Cheers., He singlet abo, as a
resident and spectator of what was going on in the harbour
daily, congratulate them that their cattle tr de was steadily
increasing, and that in their " visiting trade" al., it he
might be allowed the term, there had been an enormous in-
crease. As the dividend was a guaranteed one, be had no
report to suemit to the meeting; hut as that guarantee
would cease in 1853, he tie al nut expatiate upon the neces-
sity that existed fur every exertion b..Cg made between
now and then to develop traffic, and to render both their
line and harbour valuable us an independent property.
Mr. TILL (a director) said he had to infurin the meeting
that the usual dividend of 4 per n cot. would be payable on
the Ist proximo by warrants transmitted to the different
proprietors. The harbour at:viatica allowed that though a
smaller number of retails had entered during the last half-
year than ill the correapouding period of lost year, th ton-
nage had considerable increased. The number of vessels
this hallyear was 1,110, againe. 1,205 in the corresponding
hall-year—decrease 45; but the lounge' was 11.0,277 against
88,020—increase 12,257 tuns, which showed that they were
doing altogether a more respectable trade, and with a larger
class of vessels. Ile could report that one source of their
anticipated inrreesse was now advancing with great celerity,
he &Heeled to the projected II adiliw:ue branch. That must
inevitably bring to their railway and harbour a considerable
it.CYCIIA4) of business, butie in respect to the trade that
Ilaleswortle and Beecles would supply, sr well as to the
augmented business that there meat ly be in rela-
tion to coals and other articles. The Norfolk Company, at
their general meeting held last Friday had agreed to the
terms of an arrangement with the 114- swarm Company.
It was only last session that they obtained authority to agree
to such terms, and they had already deterinin. d to enter
into them. They were of such a nature, that if any change
should occur in conaequence, it must prove to the benefit
of the Norfolk and Low, aloft Company.
After some discussion, the meeting terminated with a
vote of thanks to the chairman and directors.

WIIITEHAVEN AND yultNEss JUNCTION

RAILWAY.

The fourteenth halt-yearly general meeting of the
shareholders •as held yesterilsy at the company's offices,
Guildhall chambers, Basic hall street, the Lsrl of Loss.
DALE in the choir.

The following report was pn rented to the props ietors :
•• it will be seen from the statement of accounts, which is
annexed, that the total expenditure on capital account to
30th June last is 403,2471. 3s. 2d., and that the expenditure
during the last half year 111310111141 to 24,02491. 1 to. bd. Of
this sum the outlay for the Whiteharen Tunnel forms
11,4581. 3s. 4d. The items I'4 land and works on the main
line and for rolling stock, amounting to 12,1101. Its. 4d.,
are mainly in liquidation of ouistanding claims. Very
little additional outlay on these heads will he required,
hut there are still some further c aim, to he settled.
The following is an estimate thereof, and of the
sum required to complete the tunnel extension, in
addition to the amount expended at 30th June but,
Main line—land compensation, 3,5001.; accounts for works
and stations, 3,0001. ; tunnel extension and
works, 7,000/. Total, 13,5001. The work► of the tunnel
ar now completed, sodas the permanent way is also nearly
laid, this extension will be opened in the course of the
next month, by which a continuous line will be formed in
connexion with the Whatehaven Junction Railway.
During the half year the mortgage debt has been increased
by 6,6001., and now amounts to 120.2101. Of this sum,
47,1101. bears interest at 5 per cent., 39,0001. at 41 per cent,
25,1001. at 4 per cent., and 9,0001. at 3 per cent. Compared
with the corresponding portion of 1851, the traffic account
for the last half-year show. the following results

-
1110CILIFT16 ...
Par.engers. Goods. Total.
Uslf-year ending 30th Juno,
l+3l
Hall-yeareading Yilsluaa,
la3l