The Express.
London, England, 1849-11-26 00:00:00

YORK AND NORTH MIDLAND.

Font th and final report of the Committee of Itiv*
tigation, to be laid before the meeting of the shueholden
on the 29th day of November, 1849.
The press nt fallen of your committee's report will la
limited chiefly to a few remarks upon the following subjects:
1. The existing arrangement with the Midland Railway
Company with respect to the Leeds traffic, by which to
wee* of that traffic, except minerals, from this compeers
several lines of railway, is passed over the Midland lisse to
stead of b. ing conveyed over this company's own (Leeds la
Selby) line.
2. The unequal division of the receipts for carriaye of set.
chandise ever the joint lines of this company gad the Liss
shire and Yorkshire Company.
3. The report and &menu* presented by the committee's
accountant, more particularly the suspense account.
4. The proceechnes that have taken place since the be
meeting of the shareholders with respect to the continuation
of Mr. Meek as chairman of the board of directcn.
Your committee have presented to 3cu, from time to the,
the pro3ressive results of their investigation in three semi
reports, in which they have comprised a plain and fall
statement of the principal matters that have come under
their notice with respect to the York and North Miami
Railway, both as to its past management and its crest
and present condition. There are some few mitten is
connexion with the past management which yet PledlllB
be investigated ; there is much also to be done with rs
specs to tie:present traffic rates and charges, partings!,
tome fee parcels and goods, which your manatee
are of opinion will require moat caretul amides*
• and in many cases remodelling; a general examination into,
• and thorough revision of, the establishment is also mot
wanted ; but your committee consider it nneecesn7 ft
them further to prolong their labeurs on account of then
, matters, as these which relate to the past management will
encroach very little upon the time of the directors to io?,I0.
gate, while with respect to those referring to the few
, traffic and management, the directors would ao doubt se
quaint themselves therewith by personal inquiry coed tiler
lion, even if the committee were to report thereon.
LEEDS TRAFFIC.
Your committee find that an arrangement Las long existed
with the Midland Railway Company for this company to ma.
vey th. ir passenger trc by heir own trains r the Sid.
land line into Leeds, affiinsteadt of along the Leeds mid Selby
line, which is the property of this company.
In July of last year (1848) an arrangement of a gads
kind was made with reference to the merchandise tr. Se is
and from Litchi, which was to be conveyed to the Midlsi
station instead of this company's station in that tows;
tM
chief object being the diversion of the Leeds traffic, wbiek
then went coastwise from Hull on to the neighbouring list
of railway. And that this company might not suffer fres
this diversion, your committee are informed that there es
a stipulation that this company should be insured by as
Midland and other companies (which such a diversion of**
traffic would benefit) at least the same net results from the
Leeds merchandise traffic as they were at that time deriving
therefrom.
No such stipulation appears to have been formally.*
corded in writing, and the only compensation to this cone
pony is the comparatively small sum of 6001, which tbs
Midland Company have agreed to pay as their proposal'
for the past, with an intimation that nothing further is to
be expected from them for the future.
Whether as respects the toll and station rent charged by
the Midland Company, or taking into account other matters
which result from the agreement, which have been alreseil
briefly alluded to, and which it is unnecessary, and emulate
a certain extent be impolitic to detail more at length in Isis
place, in either or both these cases, the arrangemints 61
diverting any portion of the Leeds mink, whether pastes
or goods, over the Midland line, while the compel bad
railway of their own, were, at the time when made, ow
accompanied by a guarantee, not of the triffinr sum of 6001.
but of an amount that would fairly meet the sacrifice to le
made by this company, so injudicious and improvident ts
appear almost incredible.
As an illustration of the results of the passenger traffiels
this company, it may be mentioned that the tif al fete
from that traffic over the 71 miles of railway into Lettish*
the 6th of November 1848, to the 4th of November 11/4
both inclusive, was
Passengers
Horses, carriages, and dogs l6 16 2
Parcels 289 18 0
£8,213 9

Of which the Midland Com-
pany received for toll and
station rent 6,763 10 0
Add government passenger
duty paid by this company.

290 1 0
6.053

Leaving this company's share to pay train
and other expenses (about of the traffic) . 2,161
The mileage of the passenger
trains between Methley and
L cds was about 44,928,
which, at 91d. per mile,
amounts to 1,778 8 0
Guard of train, clerk at Leeds
station, and stationery
1.973

Leaving a year's net prnceede of the passen-
ger traffic to this company (insufficient to
pay the interest upon the carrying stork
engaged therein) amounting to
The merchandise traffic will not admit of a detailed el*
nation in the ume brief spree u that of the lad
oott
traffic, but your committee feel no doubt that,l.7.
diversion of traffic between Hull and Leeds, which bad tel!
for years previously progressively increasing, the conveys!e
of the existing traffic by the Midland nut' has been all':
that company the entire benefit derived therefrom outs;
74 mike, while at the same time this companY'l °'‘lage
into Leeds remains almost useless, and of cou nvo! Ss
This subject requires the serious considrsere atiaon ,

directors.
LANCASHIRE AND YORKSHIRE cotter CO*.
' Your committee alto find that the receipts for cart til_7l
merchandise passing over the joint lines of basenvot,
the Lancashire and Yorkshire Company hen 0%,
unequally divided between the two companies, bo`b_n:
respect to the mileage ova the two lines and the alloY.
for terminal expenses. fi
From a return famished to your committee, tir
owing to this unequal divisicn, the Lancivire sod YcP
Company have teen receiving about 5,0001. per 3`,01214tit
than they should have done and that conseq
of uonly
company has been a sufferer to,that exteat.
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