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

EASTERN UNION.

The half-yearly meeting of this fumnpan7 was held
at the offices, Ipswich, yesterday ; Mr. J. COBBOLD,
chairman of the company, presided.
The seal of the company having been affixed to the
register of Harwich shareholders, the report of the directors
(of which a copy has already appeared in the Express),
was taken ea read.

The Cll4lllgLif, in moving the adoption of the report,
regretted that they had not yet completed an arrangement
with the creditors and preference shareholders of the com-
pany, by which he had hoped the directors would have been
enabled to release the company from ita present difficulties.
He explained the pretest position of the company
to show that without the combination of the two classes of
shareholders, in the way proposed, neither might calculate
upon a dividend for some time to come. He then replied,
at great length, to the allegations made by Mr. Wadding-
ton at a remelt meeting of the Eastern Counties Company,
deciartnf that the Resters Union directors were meet anxious
to negotiate with that company upon equitable terms. He
concluded by moving the adoption of the report.
Mr. Muskirr called the attention of the engineer (Mr
Bruff) to the slow rate at which the trains from Norwich
to London travelled, compared with the trains on the
Eastern Counties line, by way of Cambridge.
Mr. Barer explained that it was a part of the policy
of the Eastern Counties Company to run quirk trains
by the Cambridge route, whilst they retarded a. much
as possible the speed on the line from Colchester
to London, in order to draw the traffic from the
Eastern Union line. The Eastern Union Company had
started express trains from Norwich to Ipswich, still
they were unable tomake up for the time lost between Col-
chester and Leaden, and these trains had consequently
bees discoptimied.

After a brief discussion, the report was unanimously
adopted, cad after the usual ♦ote to the chairman, the
seeing broke op.

NORTH WESTERN.

The half-yearly meeting of this company was held
at Morecambe, on Tuesda_y. Mr. P. D•weort in the chair.
The 81CRITART reed the report for the half-year ending
the 30th of June, 1862. The payments on capital account
amounted to 66,9491. During the past half•year the second
line of mile has been laid down for a distance of four miles,
and opened to the public on the lit of June. Arrangements
have been made for the completion of the second line be-
tween Bell Busk and the junction of Bkipton, and this work
will be finished before the end of the present year. The
' traffic receipts for the haityear amount to 16,7981, against
13,3361. for the corresponding period of 1851, and the ex-
penses incurred in working, maintaining, and managing
the line for the same period are 12,9031., leaving only a ba-
lance of 3,8961. applicable to the payment of interest
on debenture debt and preference shares capital, which
is insufficient for that purpose by the sum of 3,1681.
The agreement between the Midland and North-Western
companies for the working of the North Western line foe a
period of 14 years, from the lit of June, 1852, has been
sealed with the common seals of the two companies, and the
Midland Company commenced working the line on that
date. A valuation of the engines, carriages, ant ether
working stock has been made, and the whole have been
banded over to the Midland Company. The valuation
amounts to 35,9581., and this sum will go in reduction of
the capital account. The directors feel sot isflid that the
I contract will prove mutually advantageous to the share-
holders of both companies. Steam-packets bans been pro-
vided for the traffic between Mcr:cessabe and Piel, and satis-
factory arrangements have beer, entered into with the Mid-
land Company for working the same. The shipping traffic
at Morecambe continue* to W.cresae both in character and
quantity. The directors are using their best endeavours to
estsbliosh,
screwa privatestaamrs tio.. „
come enpyfor.
Morecambetheprovidinganand
thed w ocrlkyidneg
a line
The directors are enabled to borrow money on the security
of the company's debentt ire* for three, five, or seven years,
at the rate of 3i per con ,t, per annum.
The CHAIRMAN law red that the report be received and
adopted.
Mr. ALcoca said *that the Midland Company were satis-
fied that the reeeir,ts of the line would be above 15,0001.;
that they had no Vesitation in guaranteeing that sum. The
receipts for the Valf-year ending 30th June were 16,7981. ; if
the receipts wr re under 15,0001. then the capital account of

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the company would be debited with the Wince. The Mid-
teed Co :amity were bound to give them half the receipts;
hit it appeared clear to all parties that the amount would
be more than the interest upon the preference shares and
the debentures, but if it should be, as wen not very likely,
that the receipts were lea, than 13,00 W., then they would
be debtors t, the Midland Compaq fur that amount. He
thought they might with confidence look for 18,0001. annu-
ally as their half of the receipts, while the interest on the
debentures and the preference shams would not be more
than 14,0001.
Mr. Atcocn seconded the adoption of the report, which
was carried with only two dissentients.
A vote of thanks to the chairman ceseledcd the proceed-

GREAT NURTUERN, DONCASTER, WAKEFIELD,
Leave, AND Bteaurogn.—The Mayor of Bradford presided
over • highly influential meeting, beta at the Court-house
is that town, OR Monday, for the purpose of considering •
proposal sad report of a committee appointed to intro
into the desirability of constructing a line of railwa which
will give Bradford direct communication north and south,
shorten the route from Bradford to London, and diminish
the distance between London and Glasgow and Edinburgh.
A long report was read by Mr. Hudson, town clerk, MTh
tary of the investigation committee, and this report stated,
in effect, that all the above advantages " would be fully
attained by the construction of the proposed line."
The report, in conclusion, stated that "the committee
have not beeo able to enter in detail into the traffic
on the proposed liar, but sufficient information has been
obtsined to satisfy them that it will be amply rernuner.tive
to the shareholder, and advantageous to the public. The
cemomir.ee, after having examined the plans, having ob
Wind information from the engineer. unanimously passed
the fol'owing resolution : " That in the opinion of the ors-
mitts. the proposed line offers greater advantage, to the
town and neighbourhood 01 Bradford than any other rsil•
way scheme ever brought before the public, and deserves I
the warmest support of all parties feeling an interest in the
increased prosperity of Bradford." The Mayor, after allu-
ding to the advantages of the project, in opening up the
rich coal fields between Bradford and Wakefield, and the
shortening of the distance between London and the north,
and that Le had had • good deal of conversation with •
large nunitier of gentlemen connected w.th the tows and
trade of Bradford respecting the project. d railway, and he
found it most favourably received. After • short discus-
sion. the report of the committee was unanimously
adopted, and the gentlemen present undertook to set as
probe tonal directors.

SPORTING.
CANTERBUiIrICACES.:7FRIDAT:

SWRFPOTAIKE* of 3 sows. each, with 2.5 !added ; 3 yr olds,
7st tllb , four Net 91h, fire and upwards Ast 12th. The win-
ner to be sold for 701., and allowances if to be sold for less,

Mound coarse —abouts mils.
Yr. A. asit's Vestry a Tont, 4 yrs, :st 111 b (304.1
(Ms Ibmwesl) 1
Mr. Untie Igalwowbury, sped, Ist ITh (W.) 3
Ms. Hombre Joe o' Net. mod, SW 4110 (1411.) ....(llonwhy
Mr. trosura's Vk auk 4 yrs, Sot 91b (7014. .... (Callas 4
Mr. Disuse Juba Ball. 1 try3wlib (T. Sherwood I
Mr. C. ruemby's I by Yuan Looldavar oat ot Nadia I yes
4at
Betting . 2 to 1 each apt Ventre a Terre, iota Bair, and
Joe o' Pot. Will Watch, with Maloseshery sad Joe or' Sot
le waiting, mid* the naming to the bottom of the hill,
when Ventre a Ten* and Idalmembury went up, the
former, after a good rear, winning by half • length. Joe
Pot a bad third.
Han Idamarres Putts of 100 guineas ; 3-yr olds Bst 21b,
tsar 9st. 41b, lye Ilat 11 era and aged trot 111 b. Two miles.
Mr. W. Wes Mom Pod, too
Mr. Wastasses iMorse. try (W. Ahdale) 1
(she rural 3
Mr. llorsesAkerish, Syrs (Some) 3
Um. CI. aaatere MN of Paradlow, sped (C. gsnama) 4
Mac IL S. Laildogion's Cake Jack, 3 ors (Hamby) 3
Mr. Tabhoose's higratitude, 4 ors
Ps tts el yer.. ; 3.yrs-old, Bst alb; four, 9st ddb; five,
9st bib ; siz sad aged, 9ot 10Ib, winners setts ; the wham
to br sold foe 80 SOW, and allowances if to be sold km leas.
Heats, aboat a Wl* and a half.
Mr. Vonalreb My Miry, opal, OM (Callao) 0 1 1
Mr. Namara Ths Sob 3 yrs not alb
(Sberrard) 1 3 3
ltr.Mardes 9tospost. los; ist (H..rbyJJ 3 0 4
Mr. 1-641mIttwit BMW,* sped. set 71b roma) 0 0 3
Mr. rut'. Veatre.a.Tons. 4 yes, tOst sib (R. Sherwood 0 dr.
LIAZILISON STASIS of 2 *ors. each, and 10 added, one
mile, were woo by Capt. Cartwright's Florence Dombey
(Mr. Blacken), beatiag Mr. Leslie's Speculation (owner),
and three others.