The Express.
London, England, 1852-03-04 00:00:00

AND YORKSHIRE RAILWAY.

Yesterday the reseal beityearly_ swift of this
esensay was held at thp Palatine Heal, Maadester,
se/ was aumegasly Monied. An Aetna of the direc-
tive' nowt bus in the Er.
Mr. ROBERTIIMaI=an of the ...1 of direr-
Mrs In opening the reelm, said:—He hoped that they
shield pet amino at di when the repots would be
sal** Is, geedessee. TRW* say illeseteda minas*
Red the *akin ; bike nelbered iota to Imes. The
apart was a clear and maces naafi of their position
Iladay, and it was as geed a stock-takieg as be should wish
=any body et lam of merchants upon in either Man-
e, Unreal, it seiletted. The year 1841—the last
do monk of which their report referred to—had been au
yaw, in amemmeme of the Great Exhibition,
Is 11=
been •no lass imps. tat epoch in the history of •
the laimadere and Yorkshire Railway. They had arrived
at the peat when the downward tendency from 8 to 2 per .
ant. lad been anesated. In 1846 they paid eight
per seat ; in 1848-47 they paid seven per cent. ; in
1848, six per rent. ;is 1849, three-end-a-half per cent. In
1860, two per cent. In the Ilia half-year of 1861,
two per tent, and in the last half of the same year
three per ant., making as average for the year of 2l pee
cent. ; they had done this without resorting to artificial
mama, sad their computations Ibr the Ware might he ea
three per sent. Their meats were considerably reduced,
as would be seen by the report, and they had been still fur-
ther redwood ease the 81st of December, when the are.
41111 N, WWIT/arike opr -The esimpany had net been mama
through the iadalgenis which they had granted to some
shareholders, for they had charged 6 per east. interest on
all arrears, and they were borrowing money at lees than 4
per cent. The total receipts were largely increased, as their
report would best attest. He was glad to say their working
expanse, as compared with 1849, 1860, and 1861, were
in this proportion—in 1849 their working emensco
he the same period as that stated in the a-
part were Of per cent. ; in December, 1860, 411 ;
sing in December, 1861, 39. He neat alluded to what he
saam• Offieskpolat,—tbe attempted amalgamation with
the Rose Isis moire Railway Company. He was glad to
am the elhalimem of the East Lancashire Company in the
nem. (Saar, hear.) He (Mr. Gill) had been deputed to
ester hate the sollement of a disputed account with the
East lemenahre Company, involving a Me. a rem then
200,0001. Ha (Mr. GUI) thought the akar of the Law
fri
shire and Teehaire were right ie the ihilliag, se
wo.d his
es* Deride thought net and the agent mess that
it had beenhit to themselves te stamped ea awsogenent.
The home hewoese, were so large, Oa be geoid est ash
Mr. Alia OD *secede them • and epee the sin prim.
'Apt* Mr. Neigh saki mg ask Xi. (the shairmete) le me-
ads them. The hither they peen** istlismtliss, the
more dillies/des they became laded in, IX at Mega the
= of loaliffigution was hr their mutual
He (the chairman) the negotiations
he Ma weeks without speaking to an is the hope
of sss some 1111 Mill 111 beagles the maw to an Wane.
If re matter bed boon left a the Diabase (Mr. Gill)
and Mr. pardsle, they a debt would have made
se geisable arrangement me this; bet Mr. Dog-
e& 11111 tammelled by hie own board, and tram-
dr gespisson ; he mid that the
Ra▪ i
wee the beteg camera, and
the leseneklos and the worse; be 'Mr. Gill)
said 110 XI eat believe it, lei that they Amid yet change
peaks& He (Mr. Gill) amid that when he made one
semmedie the Rat INeelliele skated two and the
pewee which had been delegaell to him by the board he
ealinemollia==a asdnisa whisk WU ant to
Ibe 1621
late, y.
sea Noillpitßaitima at
lfailed,ength
hid ha seared am alttely
=atm points on a *mend made by the
and Yorkshire dam to examine
Me Mame of the East Lamembire Campo,.
ile Mindie to this subject the Chaining illi OM ilk
smelt of that (memoriam had bum the Oessey *et
where • great many charges had bees made eireasse as-
oast kth• Lancashire and Yorkshire, they led bees
made on capital in the Hut Lancashire.
The whole of the correspondence which bad taken Om
was read by the secretary, after which,
The CHAIRMAN said he had two objects in view Is
having it read—first, a large number of shareholders 1
in this air y were shareholders in the East Lan-
eashire ; secondly, recorrespondence coaveyed
fretiselY_ sting* ow bad made to embrace
the two item surkbia see seassen Ho individuate had
gone (meet than_ • .as of hie board advocated in
this maw; he laillifi peedoularly to admitting ax of
theirran ee Os gealgemated board. Capital was
the glgzolisoi to Ile -member of directors they should
hate Genie 101 told Mr. Dugdale that he
wallah* MEOW MAIM with him. Mr. Dogdale had
hal *mere* with a teak on the part of his board of di-
eadoeigell aandled for and very unusual. The 'Miters
of
the Ind Lancashire said that they did not understand
the asseests of the Lancashire and Yorkshire, and they
further went on to advise that such and such things
semi' sot take place. The chairman then defined what
he eseseived to be the dap of audits% gni said this in-
terlines. was perfectly ter eßed for. Is MX thought an
ai=es of the tieDIMOSNOIS a hie teems desirable,
bat die a beg the at man Man their
rt. Theisen l.nesedae had demurred to make the
line at Liverpool, although ash com-
peer her back
down the sum of 100,0001. They would
M 11 Mated in the report that they intended
to awl them to do this by mandamus, but since the
upset wen printed they bad received a letter from Mr.
Grandy, the solicitor to the East Lancashire, stating that
W client's bad taken the opinion of counsel, and had been
Massa is Juergen* with the execution of the work, which
they shoM Ea (Beer.) As a proof of what be bad
ma Mae, megesting the accounts of the East Lanca-
shire, he might sainein that the two companies were jointly
leaseholder. of Om Leeds and Liverpool canal, and that
*ere bed been a hosemis 6,0001. or 6,000/. on the concern
the hear in news sal *him they (the Lancashire
Takddee) lei dela* the whale of their isee to woe;
Me East laaashke bad eat doe se
kini net is • very hir spirit by the Ds* ante% is
to their ezteadas at Idesepod. They led a bill in
emeasisesad hr mass lads aletealises.
had lean taken wet waft the sew
I gam ettillimissill emildsmes that perihelion egad ass
Ibigry
useareestasklass whisk wentjjkle=
a aremlgemeeu
areDenapmy, what' woad yield them en
gletag them two wires for their ma
had a Lap laminasla the resew* of her Ming desTia
tisrmaglt_gglidillt_
_tbaTtvrisZle ageoesNalitriAsidellik. ".Kisse Isirs
et ar emu wash' this year, se esmparearwith the
leglipmr, over the semi amber of
mite. He e=ti by main the *sates at the report.
Mii. I. C. Meesteiled the abates of the report.
Attar musk
Mr. THOKAI YIB DEN moved as aa amendment
that the diesellet allewassee be Musa free 2,8001. to
2,0001.
Mr. IL agnial the motion.
no nelibm, ar the report, was adopted, with
Ilia
Ind the moved a resolution declaring a
me es* 1001. shoo, being at the rate of
111191 MP per ell& pie egg
es and a posgertionfoonthe ether
.12 neorelag deseereessary mesa( r the interest
VICAR smeniad the main, and it was agreed
to
'IAN moved the modeelliss st the retiring
dirligillisaMr. lt
unitnesedig.inathe mine lei k was mated.
Ms,. MOM OM 1:011=011111b• &stamina to
meggemes. for securing
• sem setaiteba *Which railway
=tiae IMMINSII ill pm. penny was se
this mg Oahe il2e field be ao two
grinas to thew/eh* of Mahe. (Rear, bear.)
ENTON, -wise saki angry paid 24,0001. to
pear Mos, or 4s. per eat., ausedlog re motion, and it was
rtckl sties. atithilehloa as eon= to proceed with
their bills sow before imusne. wee agreed to, and this
was*e whole of the beans begeskt forward by the di-
=, bet Mr. Ammar 11116Txua suggested that the
el the II per oestrus Meek not issued should
abe im sossPolot at the ineeket price, and this
segralise was pet to ataidog and agreed to nasal-
as They
proceedings lasted upwards of three hours.