The Express.
London, England, 1853-02-28 00:00:00

NEWMARKET RAILWAY.

The half-yearly meeting of shareholders was held
on Saturday, at the Loudon Tavern. Mr. It. G. C. FAKE is
the chair.

The report stated that the results of substituting an east
and west line, connecting Ipswich and Cambridge, fur the
line from Chesterford to Thetford, had been that the Eas-
tern Counties Company had afforded them the moat cordial
as7;stance on all occasions. By an act of last sesdon they
obtained power to purchase the original line at 131. a share,
and they bad row applied to parliament fur power to pur-
chase the Bury line whenever a satisfactory agreement
could be made. The general opinion of the district was,
that there will be a very remunerative traffic over the new
line, in which the directors rally concur. 1 hey had already
received an offer to lease it at a price which u ould pay the
shareholders considerably more than 3 per cent. ore their
outlay, but the board refused to entertain the proposition,
because they were unwilling to adopt any measure which
would interfere with the declared policy of the Eastern
Counties Company, of placing all the lines in the eastern
district of the kingdom under one system of management.
The directors have no doubt that the line will be completed
within the parliamentary estimate.
It appeared from the accounts that 403,0001. had been re-
ceived from the formation of the line up to tho 31st Decem-
ber last, and 446,7001. expended, leaving a balance of
6,000/. For the Bury Extension, the receipts amounted to
77,3031., the expenditure to 50,6001., leaving a balance on
the capital account of 26,6001. On the revenue ace ount the
balance was 6,1721.
! The report was adopted ; a dividend of ss. per cent.,
free of income tax, on every 251. consolidated stock, de-
clared; Messrs. Ball, M.P., and Captain Denny, outgoing
directors, re-elected; Mr. Baker re appointed auditor; and
a vote of thanks passed on the chairman.

EAST ANGLIAN RAILWAY.
The ordinary half-yearly meeting of this company
was held on Saturday, at the London Tavern, H. Bnucs,
But., in the chair.
Ihe report stated that the nett balance of the half-year's
revenue was 12,5531. His. 2d., which, after paying deben-
ture interest, left a sum of 5,1671. N. 6d. applicable to the
payment of interest on preference shares. Application had
been made to parliament for power to capitalise arrears of
interest on preference shares, and to make other arrange.
menu relating to the capital, and also for power to extend
the line across the river Nar and along the quays of Lynn
for the purpose of affording such facilities for the landing
of goods and dispatch of vessels as would place Lynn in •
position to compete successfully with neighbouring ports,
and to accommodate the improved class of coasting vessels
now in use, and to obtain u share in the trade with the nu-
merous continental porta now in course of development by
means of steamers. From these facilities the directors ants.
cipated a large increase of traffic. The assent of the pro-
prietors would be asked to this bill at • future meeting to
be convened for the purpose. Deferred warrants fur the
arrears of interest to 3lst January, 1852, Ind been issued
on the 101. converted shares in order to assimilate them to
the shares issued to the creditors which bear interest from
that date.

The CHAIIIMUI moved the adoption of the report, which,
alter a short conversation, was agreed to.
A resolution, suthorisiag the application of the balance
in hand to the payment of interest due upon the new stock,
1849, to the 31st of January, 1853, when registered, was
next proposed and carried.
The directors and the auditor, who retired by rotation,
were re-elected, and an allowance of 5001. per annum
granted, as an acknowledgment of the services of the board,
but a subsequent resolution debarred the directors frem
charging their pers.mal expenses, incurred in travelling to
and attending the board meetings, to the company.
A vote of thanks to the chairman and his co-directors
closed the proceedings.

SOUTH YORKSHIRE RAILWAY.
On Friday the half-yearly meeting of this company
was held at the London Tavern ; the Right lion. Lord
WitAaNCLIFPI in the chair.

The report of the directors, which has already appeared
in these columns, was taken as read, hut a supplementary
report was read by Mr. liandfield, the secretary, which
stated that the directors held a board at Doncaster, on Sa-
turday, and, at the request of the general manager of the
Great Northern Railway, they appointed a deputation to
endeavour to agree as to a toll. Mr. Denison intimated
that ls. might be recommended if agreed to. This was
communicated to the South Yorkshire directors, but on
the return of the deputation it was intimated that 21 cwt.
per ton would be required also, with no further charge
for the line beyond Barnsley, which belongs to another
company. The advances made by the deputation on Sa-
turday were formally withdrawn by the South Yorkshire,
and on Tuesday morning the Great Northern coal traffic
was stopped on the South Yorkshire, and a provisional
ce 1 lagreementorStua was
ocrotmhee toG rfoant Wednesdaytnheesrdntribrtifeo before Ap' Ce hdanas-
usual on their payirg ls. 6d per ton until the case was
heard. The engineer's report having been read,
The noble CHAIRMAN', in a speech of some length, moved
the adoption of the report, and entered into a narrative,
interesting only to the proprietors, of the present state of
transactions between this company and the Great Northern.
Mr. DENISON, chairman of the Great Northern, gs
also spoke for two hours on the subject of that company's I's•—
po•itiun in relation to the South Yorkshire. a, . •
•• 7
A discussion ensued, in the coursa of which it was indi- ps' • •
cated that all matters in dispute were likely to form the :
• . subject of legal ckcision. A dividend of 4 per cent., not -
payable until the matters in question are settled, was de- -
dared. The retiring directors, with the exception of Mr.
Deni,onl who declined to continue a director, were re-
elected, and the meeting was adjourned to 12th May, after
a vote of thanks to the noble chairman and directors.

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