The Express.
London, England, 1849-08-21 00:00:00

THE EXPRESS, TUESDAY EVENING, AUGUST 21, 1849.

RAILWAY MEETINGS.
NORTHERN AND EASTERN.
Yesterday the ordinary haltyessly general meeting of this
company was held at the Blakeman Station. R. Paterson,
Esq., the Chairman of tihsed, formally presided; but
in coasequenn of his , the dation of the chair
were deputed to W. Ready one of the directors.
Mr. BOURNE, the Nanary, read the report, which stated
that the dividi.nd us the respective shares of this company
Sc, the half-year ending the 110th of Jane will be payable,
Ins property-taz, ea and elan Saturday. On the shares
guaranteed 6 per gent. 11.6 e. each on the 601. share, and
11. le. Sad. each on the shares 481. paid ; on the 6 per cent.
guaranteed shares 11. 10s. per M. dun, and U. tic Md. on
nett share 431. paid. Notice hes bees given by 66 share-
holders holding in the aggregate 6,420 quartn-skaree, equal
to 1,346 whole shares 601. each. The dividend on the
quarter-shares that have not been consolidated will be pay-
able at the same time es the dividends on the other shares.
The undistributed shares have been sold in accordance with
the resolution of the proprietors, and have rodwd a profit
of 7441., which sum the directors propose top divide amongst
all the shanholdeve of the company pro rata, in addition to
the above dividend. The general statement of accounts
showed that 967,6981. has been received and 960,3271. 's-
peeded, laving a balance of 7.2711.
Resolutions were passed adopting the report, approving of
the dividendy, and monetize re the tiring directors.
la repl to questions from Mr. ow, it wu stated that
they worth be able to keep their:peaditare within the
capital, 970,0001. ; that the distribution of the 7441. pro rata
would give about 7ld per share in addition to the dividend ;
the number of directors representing the company at the
Bunsen Counties board would be reduced to four ; that the
Northern and Eastern directors knew nothing about the
transactions at the Eastern Counties bond respecting
the Wisbech and St. lye's shares, on account of which
Messrs. Hudson and Waddiogton helped themselves to
1,0001. each. The number of shares in the Northern and
11 aura Company was 22,608.
Attar a vote of thanks to the chairman, the meeting,
which was very thinly attended, separated.

OLASGOW, TAISLEY, KILMARNOCK, AND AYR.
Bp the report of the directo, to be presented to the half-
yearly meseima ea the 23rd instrs., it appears that the revenue
aeseast steads es follows :
Reale& ken premiers Z25,981 7 4
Goolsiol aim& 45.450 9 1
Pars*, M.
Ralf of j9O receipts 5,578 7 1

Ittig memo
Ograbi so Imam over toff period of last year,
lo the prongsre reodpi £1,141 18
Oath. almenik to

Total increase in el months £17,999 0 2
In estimating, bow. ver, the value of this addition to re-
venue, it must be borne in recollection, that during the
above period, the mileage of the railway has been increased
from 70 to 102 miles. The directors, however, consider that
theop trellis of the company is still greatly dermsed below ite
er amount ; and they believe that an improved state of
trade generally, and especially in that of minerals, will
materially augment the re .
In working the line, the greatest attention is paid to
economy, every important article of 'apply is procured by
contract, under public competition, and the plant is main-
tained in a complete state of effitkency. The attention of
the board, however, has been directed to the expedienel of
contracting for the whole working of the railway, and the
subject will receive due consideration.
The revenue account has been charged with the whole in-
terest on unproductive capital invered in the Aynbire and
Bridge-of-Weir, Ayrshire end Galloway, and Parsley, Barr-
bead and bullet Hallway Companies. An eAditional sum
of 1,2001. has been set aside to meet unsettled claims for pa-
rochial ameessnents ; and the second instalment of 1,0001.
has brim paid towards the emit of relaying the line between
Irvine and Kilwinaing with heavier rails. The directsre
have also deemed it right on this occasion to take out of re-
visal the BIM of 3,0411.65. for the purpose of adding to the
depreciation fund, which now amounts to 8,0001., and they
recommend a larger eerni-annual appropriation for this pur-
pose, whenever your traffic becomes more remunerative.
After the foregoing deductions are made there is a balance
of 40,6741 9s. 116. applicable to • dividend.y
will Of this be-
, lanes, the preferable stocks of the compan absorb the
following amounts :
Guaranteed stock at 5 per cent 12,908 5 0
£l5 shares, L issue, 5 " Malls
£25 sharts,ll.lerne, 5 "
Preference £lO shares—created for
' completing theDuntfriesline,being 6 per cent 7,239 11 8
l capital at present unproductive ...

£31,017 13 7
9,636 16 4
L7avlng • balance of

£10,574 9 II
This balance will not allow a dividend on the consolidated
stock, and the board are unanimous in recommending that
the amount should be carried to, the credit of the current
half-year.
These preferable dividends are proposed to be made pay-
able on 20th Sept. next, under deduction of income-tax.
The entrant called up en the 251. shares first issue, being
at this date 662,0001, ceased altar 31st July last to enjoy any
right to a preferable dividend ; and a large amount of capi-
tal from the 251, shares second issue will. in like manner,
merge into the consolidated stock after 31st January next ;
thus tending materially to equalise in future the rata of divi-
dend payable on the general stock of the company, and dial.
lashing, to a great extent, the amount of preferential or
guaranteed dividends with which it is now burdened.

GLASGOW, DUMFRIES, AND CARLISLE.
The report of the directors to be presented to the half-
yearly meeting of the company, on 23rd inst., Mane that
coueibrableprogress bad been made in constructing the line
north of DamtHes, towards its junction with the Ayrshire
Railway; and the directors sweet: their conviction, that
from the position in which they found both companies, it is
for their mutual interests to have the whole line completed
with the least possible delay. The works between Duna-
Mee and Closebarn (about two miles from Thornhill) are so
far adveseed,u to allow of Immediate opening of this por-
tion of the Ilse, which will secure nearly the whole trade to
be expected from Thornhill. This is 'anticipated to taus place
in about a couple of weeks hence, if the necessary Sallo-
- of the Railway Commissioner be then obtained. The
however, between Closebnru and Thornhill cannot
rcio:Pleted far several months. The new contractor for
the Drundanrig tunnel is proceediag vigorously with ita con-
itruction, and has Weed himself to ample t
by the Ist of
October, 1850. This coutract may be regarded as the key to
the whole line. The succeeding entreat matinees the line
tv flanquhar, and is nearly sompieted. Ia sostinsee of
the improving state of monetary affairs, the been resolved
in take &demises of the low price of labour, sad they re-
cently castrated for the inlet portion of the line between
Seaouhar and Old Camnoek. This has been divided into
her contrasts, and the execution of the weeks has bees
undertaken by able and responsible metweelele Ar
an aggregate sum of about 67,0001. • bsleg gets*
under the estimate given in the statement of lia-
bilities furnished to the shareholders is January
last. These congests, with one exception, are to be
by let Oct., 1860;{ end as the weeks are generally Ugh%
there mesons to be Male Malty in enuring this molt, sew
easily se several of the mho* have been already esee-
W• 0311. Ind are being ended ea with vigour. The meg-
ties elided to le*" portios of the line between New Cum-
seek seta the Jungian with the Ayrshire Railway, which
will be eemgisted several months earlier, for the purpose of
aosseemelletim dm Walk of that distr, and to bring it on
thelre MEL Ike directors se to devote groat
to the espeediture in forming the stations between
Dumfries mad Gesimesit, re ea to avoid unneessmry °allay of
every awasigtlaa.