The Express.
London, England, 1855-09-12 00:00:00

EAST ANGLIAN RAILWAY COMPANY.

The ordi a 3cy half-yearly meeting of this proprietors
of eli;s entree...y.7 wee held resterday,nt else Leedom Tamen ;
16r ;Iv Ku Bauer in the lassie. The report, of which
the follosein4 • an abstract, was then mod
hire h... Men • progressive increase in the tref6-.
shoats/ a ett.ufy Improvemeut in the value of the pro-
perty. In the inorrosisnseling half-Tear en 1843 the tredie
moires, were 18.319/. 13.. 1041.; is 1564, 21.1651. 12e 2d. ; and
this y•se. 29.011/. 16.. lit. ; sbn•ieg a,inrresee of 1..519!
cempariof with 1854, and 4.4961 as compared with 1643 'Chu
smelt helmet been obtained without math lab neendlUniollll
111111•0141 to your interests. The e fleet as totairde the avail-
able hnlenee hie however bees to a considerable extent non
trekked. let. By the impales attending tne renewal of de
bontsres, which to the latent of 260,000 L became due on
the glen yeei.see tau; this capers. (amounting to an out-
lay of 6191. De. 3d. for this half-year) cannot occur to any.
thien hke the same intent in any future year, as the hew
bonds will fell doe at various periods. 2nd. By the area:
imams is the working reposes of the Eistern Counties
Costeiny'm Pees, which have risen from 431. 124 34. per
nest. for the hairiest ending 314 Decetr.b..r, 1854. to 471
15,.31 me cent for the last half year. The arrangements
4.1 the .seern Counties Company for the cool traffic over
their lines mud sweat* prejudieislly to your inhere ; this,
and other matters c dameted with the agreement between
the two o,mpsnse would have bees brought more fully
before you, but es • committee of Eastern Counties share-
holders is now engaged is investigating the affairs of that
company, we think it better to defer enter:rig on the sukjecte
whieth effect your tights until the report of that committee
is published. The sett balance, after deducting the interest
on bonds and A shares and expenses, is 3.4601 Os. 7d.,
which adetito of our paying interest in toe B stork at the
rate of 51. 151. per cent. per sans., leaving • small balance,
to be carried to the credit of sew aemmet. The receipts
from traffic for the cement half-year show an teams °ve-
tte corresponding eight weeks of last yeer of 6171. 16s. 10d."
A Per • shrrt conversation in reference tee the claims of the
several olo.s, a of preference share., the report wee confirmed.
end a revolu'ion authorising the payment of interest os re
stimnended in the report was put and carried.

NORTH BRITISH RAILWAY.

The WO-early meeting of the proprietors of this
railway was held at the Lawton Tavern yesterday ; EtcmAill)
BODOSON, E,q , chairman.
The report of the directors oontained the following :

By the annexed national of revenue and expenditure
for the ball-year ending 31st July, 1845, it will be nen that
the gross traffic receipts show se improvement, in osepari-
los with thugs of the corresponding half-year is 1854, as
well in the pinenger as the goods department, annuougg
is t►e esgeegate to the sum of 9,4431. Os. Id , belag an
avenge increase of 3901. (or 21. 12e. 4d. per mile)
pm se 1. The revenue ea:coact presents a benne •
in hand of 14,3741. 19s. 911., bsiog inanfilident to
the extent r f 4,1,301. Da. 21(1. to pay the dividend ow
Tanned stock; nor can a mec► more favourable benne
steer be expected at the end of the current half year.
13 order to provide for all crontingencin likely to arise, the
directors recommend that they should be authorised to
apply to ',aliment is the ensuing session for liberty to raise
en additional sues not exceeding 150,0001. of preference
stock with borrowing powers to one third of that extent.
The directors also propose to take powers to none stock
wh eircumateners shall make it advisable, bearing
interest cot exceeding 4 percent., is redemption of the de•
beaten debt LI the company. They are confluent that the
flaancial scheme now iodicated will enable them practically
to close the capital anoint, and place the company's affairs
on a secure basis, and they believe that the annual find
charge upon revenue 'Henn from the dividends applicable
to sash portion of the new stock as may be issued will be
more thee counterbalanced—l. By the Inman of traf s,
amiss from the development of railway accommodation
and efficiency of roiling stock. 2. By economy is working,
by purchase of stone for cash, and by saving the expense of
pecuniary accommodation and in !!!!! t upon ontstandieg
obligation.. 3 By improved credit attached to the com-
pany's debeatans.
kr. Seisingit objected to authorise the creation 'of
150,0001. nee preference stock with:power to sorrow 60,0001.
more, unless the Chairman would pledge the directors not
to spend the matey without the sanction of the proprietors.
TN Cu,usuate would not give any pledge that none of
the money should be spent without a vote of the prowls.
tors; but no exeraordieary work should oe undertaken
without their special asestiss.