The Express.
London, England, 1853-09-01 00:00:00

NEIVMARKET RAILWA

Yesterday the half-yearly meeting of the proprie-
tors was held at the London Tavern; Mr. FANE in the
chair. The Secretary read the report, which appeared in
the Express of August 30.
The CHAIRMAN moved the adoption of the report.
The motion having been seconded by Captain WARRIIN,
was carried unanimously.
A resolution was then passed for the declaration of a
dividend of 7s. per share ; and the proceedings terminated.

NORTH METROPOLITAN RAILWAY.

The first ordinary meeting of this company was
held yesterday at the offices, No. 47, Parliament-street;
Mr. W. blitusia in the chair.
The report stated that the meeting had been convened in
pursuance of the provisions of the act of parliament which
had recently passed for the incorporation of the company,
and that the act having been ohtsined under the most satis-
factory arrangements with the parochial and other authori-
ties, by which all opposition in parliament had been ob-
viated, the preliminary expenses up to the present time did
not exceed 3,000/. The line would pass under the New-
road from the Edgeware-road to King'ivcross, a length of
21 miles, which would admit of easy extension in the same
manner, both to the west and in to the City; but as the
course of thou extensions ;night be affected by the arrange-

chair.

meat to be made with the Great Western Company, and by
a line projected by the City Terminus Company, from
King's-cross to the Post-oilier, and from King'screes to the
West India 'Sack junction, now the North Louden line, in
continuation of this company's line, the dire eters had
deemed it inexpedient to obtain from parliament in the
last mission powers to construct more than tie line now
sanctioned. The directors, however, were happy to in-
form the shareholders that the arrangements with the
Great Western Company were favourably progressing, and
that they anticipated no obstacle to the extension to the
Great R esters Rail way station. In the event of the City
Terminus Company not proceeding with its project next ses-
sion, this company would apply for an extension to a conve-
nient terminus in the city of London. It was intended to lay
down two lines of railway M a continuous archway under
the road, of ample dimension, which would be constructed
by excavating the road from the surface at convenient in-
tervala, and relaying it as the work progressed. Proper
provisious would at the same time be made for the sewerage
and gas and water services. However doubtful such an
undertekieg might appear at first sight from its novelty,
the directors had rectiven the most tatisfactory assurances,
from competent engineers, that it would be carried into
execution without difficulty, and after communicating with
the engineers of the Commissioners of Sewers and of the
Gas and Water Corn panes, they had found that all ob-
stacles might P e easily surmounted. The directors wcre
happy to announce that they had entered into a contract
with Messrs. Tredwell and Co., the very responsible con-
tractors for the construction of the entire line, including
all the requisite provisions for sewerage and gas and water
supply, on terms which would ensure the line being speedily
completed within the limits of the company's capital
(300.0001.). The cost of the line per mile, though tra-
versing the midst of London, would not exceed half that of
any of the railways hitherto made through the suburbs. It
was in contemplation to establish stations at the principal
streets crossing the New-road, about half a mile apart, and
to run trains at very short intervals—probably every three
minutes—at the rate of about twenty mike an hour, including
stoppages, and at a charge far below the existing omnibus
fares. At these.= time ample arrangements would be made
for light, with the free circulation of air, and for propelling
the trains without the use of locomotives. The line as ut
present sanctioned would afford a large degree of accom-
modation to passengers along the New road; and when
extended, it would r. ceive all the traffic of the Great Wes-
tern Railway passing eastwards, as well as a large passenger
traffic arising from the great number of persons who reside
in the wealthy and remote district beyond the Edgware-
road. At King's Cross the line would be connected with
the Great Northern, and with the West India Dock Junc-
tion Railways, and all the traffic from them proceeding
westwards or to the Great Western Railway would be con-
veyed over this line. It was scarcely safe to venture upon
any estimate of the probable amount of profit to be antici-
pated upon the capital invested ; but judging from the ex-
perience of the lflackwall, the Greenwich, the Dublin and
Kingstown, and other similar lines, it could nut be less than
8 per cent. (Hear, hear.)
The CHAIRMAN, in moving the adoption of the report,
took occasion to enlarge mien the topics embraced by it.
. Mr. DeIeCIIBLL, in seconding the motion, said they had
reason to congratulate themselves upon the small cost at
which they had obtained their act, which he thought wu
attributable mainly to the very unostentatious manner in
which the bill had been promoted.
After a few words from Mr. AcroN Arnim and other
gentlemen, who expressed their highest confidence in the
scheme, the motion was unanimously carried.
Four directors of the company were then elected, and the
proceedings terminated with the customary vote of thanks
to the chairman.

NEWPORT, ABERGAVENNY, AND HEREFORD

RAILIVAY.

The fourteenth ordinary general meeting of this
company took place yetterday. at the London TIMM,
Iltehopt•gate-street. The lion. W. E. FITZSIALItICE in the

The SECRETARY read the report. The general cash
statement to the 30th Juue, 1853, showed that the total
receipts amounted to 398,9721. 81. 6d., and the payments to
395,1671.145. 4d., leaving a balance in band of 3,8041. 14s. 2d.
The CHAIRMAN, in moviug that the report be adopted,
observed that this was by tar the moat interesting meeting
at which he had yet been called upon to address the share-
holders, their affairs having now arrived at a crisis, and, he
trusted, a favourable one.

The report, together with the statement of accounts, was
adopted, and roam formal business having been transacted,
the meeting separated.

HEREFORD, ROSS, AND GLOUCESTER

RAILWAY.

The fourth half-yearly ordinary meeting of pro-
prietors in this railway was held at the Green Dragon
Hotel, Hereford, on Tuesday, at one o'clock, Mr. J. F.
Vaughan, vice-president of the company, in the chair.
The general statement of receipts and payments to June,
30, 1853, showed that by calls, silvances, and loans on
debentures the former amounted to 176,3681. The total
payments have been 171,7301., of which 116,312!. has been
paid to contractors, and the balance at banker's is
4,6371. lls. 3d.
The CHAIRMAN moved that the reports and cash state-
ment be adopted for publication, anti that the common seal
of the company bo allied to the register of shareholders.
These resolutions were agreed to.
A motion for an order to circulate the reports and cash
statement before the day of meeting was, after "ime dis-
cussion, withdrawn, and the meeting separated after a vote
of thanks to the chairman.

DUNDALK AND ENNI:

ELLEN RAILWAY.

The ordinary half-yearly meeting of the share-
holders of this company was ►eld at the Northumberland
Hotel, Dublin, on Tuesday, the Earl of ERNE in the chair.
The rep in of the directors, which was unanimously
adopted, has already appeared in our column,.
On the motion of the CHAIRMAN, seconded by Mr. E.
GOOLDDING, a dividend of six shillings per share was
declared.

The following resolution was also adopted ;—" That, con-
sidering the Increasing alines of the directors, arising from
the extension of the hoe from Castlablayney to Enniskillen,
a sum of 3001. be allowed them out of the extension fund
during the progress of the works, in addition to the 2001.
now paid them out of the revenue fund, commencing from
the beginning of the present half-year."

CORNWALL RAtt.wAY.—The fifteenth half-yearly
meeting of the shareholders in this company, was held on
Saturday last, at the Town•hall, Truro. M. Williams, Esq.,
the chairman of the company, presided. The report rated
that 67,0291. 2s. 9d. remained in hand at the close of the
last account, that the sum of 67,6741. 131. Bd. has been re-
ceived, and 78,9401. 16s. 10d. expended, and that the sum
of 65,663/. Os. 7d. remained to the creditor the company on
the 30th of June last. The Chairman said that since they
last met the works had regularly progressed; the
directors had gone over the line, and were very
much pleased at the satisfactory manner in which
the work generally had been carried on, and espe-
cially the substantial manner in which the masonry and
'other parts had been executed. In consequence of the want
of labour the various works had not progressed so rapidly
as was anticipated, but by pressing the contractors they are
getting more men and proceeding more vigorously than for
some time past—(cheers)--and they had every reason to
believe that the portion of the line from Truro to St .Austell
would be completed in the time stated. They were now
going on to Liskeard, and they had every reason to believe
that the contractor would proceed with it to the satisfaction
of the company. Since they last met, also, they had
accepted contracts hence to Falmouth. (Rear, hear) They
had made only one call since we last met, and looking at the
state of our finances, no further call will be required till the
progress of the works are farther advanced. At present we
do not want it.—R. Pearce, Esq., of Penzance, seconded
the resolution, as he was glad to hear so satisfactory and
gratifying a report of their proceedings and of the progress
of the hoc—The Chairman then put the resolution to the
meeting, which was unanimously adopted. The proceedings
were then brought to a conclusion after the adoption of a
vote of climate to the chairman end board.

-YORK AND NORTH MIDLAND RAILWAY.—The,
helf•yearly meeting of this company was held in the De
Grey Rooms, York, on Monday; Mr. H. S. Thompson,
chairman of the company, presiding. The attendance of
shareholders was limited. The report of the directors,
which had been previously circulated among the proprie-
tors, and which has appeared in this journal, was taken as
read, together with the statement of accounts. After a few
remarks from the chairman, and a few questions from Mr.
Shaw, of Wakefield, relative to the amount set down for
bad debts, de., which the chairman explained, the report
was received and adopted, as wee also a resolution declar-
ing a dividend of H. 10e. per cent. per annum upon the
consolidated stock of the company, deducting income tax,
and to paid on the 3rd of September. Mr. Frost, the
official auditor of the company was re-appointed at a salary
of 1001. per year, and a resolution for the forfeiture of the
shares referred to by the chairman having been carried, a
vote of thanks was passed to him and the director', after
which the meeting separated.
AMBERGATE, NOTTINGHAM, AND BORTON, AND
EASTERN Jvsc-rioN RAILWAY.—The 15th half-yearly
general meeting of this company was held yesterday at the
London Tavern, at one o'clock.—James Wyles, , the
chairman, presided. The Chairman, in moving the adoption
of the report, referred to the general statements of the re-
port, and said he was happy to say that the mineral traffic
alone was 50 per cent. better than the last year, and that
upwards of three thousand tons of minerals had been con-
veyed, as an increase, instead of the company being the
worthless company it was • prosperous company, and
enabled to pay 4 per cent. The report, which proposed a
dividend of ls. 3d. per share, free from income tax, will
absord 5,475/. of the net revenue ; the balance to be reserved
to meet any payments on the settlement of accounts be-
tween the Midland Company and Great Northern Company
was agreed to.
WESTERN RAILWAY OF SWITZERLAND.—TO enable,
the administration to proceed with the works, a call has
been made of 2/. per share.
DUNDEE AND ARBROATH AND ABERDEEN EAU,
ways.—The former company are about to run vehicles on
the turnpike-road between Montrose and Arbroath, and
then by their own line to Dundee, instead of forwarding the
traffic by the Aberdeen line.
BELFAST AND COUNTY DOWN RAlLWAY.—Traffie
for week ending Aug. 28, 1853 :—Passengen, 1881. 2s. Id.;
subscriptions, 271. 6s. 6d. ; goods and parcels, 49!. 12s. 11.
Total, 2651. Os. 3d. Corresponding week last year,
2771. 15s. 93.