The Express.
London, England, 1853-02-11 00:00:00

LEEDS NORTHERN RAILWAY.

It will be recollected that a spc2ial extraordinary
Ybeatiog of the above company was held at Leeds on the
16th of Deeemhor last, when it was Darted to emit:Al:Cate
with the Yorl lines, hut a question still remihied botweru
the vhareholdt n th,mvelvis as to the prom tion of profits
to be taken by the holders of prefer: nee stock, and commit•
tees were appointed to arrange the matter in dispute.
These committees, altar many meetings, have reported as
follows :

The resolution submitted to the &Mourned special meet-
ing of shareholders, held on Thursday, the 16th day of
December, 165!, fur an amalgamation of this company and
its undertoltiogs with the York, Newcastle, and Berwick,
and the York and North Milland Railway Companies and
their leaden ikines, and for the other purposes specified,
was unanimously adopted, except as regards the scheme fur
legalising future divirends. This dune was only. adopted
subject to such alterations and modifications, in refer-
ence to the terms of division amongst the various classes
of shareholder in this company, as a committee of pre-
ference and original shah holders (four of each) shall decide
urn; and a committee was thereupon chosen. This cow-
soiree has hehl several eneetinr, but they have not been
able to arrive at a unanira.y of views, or to agree upuu a
modified proposition, which could be submitted to the
sharehold. es with the united sanction of both sce•ioas of
the committee It becomes, therefore, their duty to report
to tale shareholders the ah ive result, in order that they may
not be prevented from pursuing any course whirh they may
deem advisable under these circumstances. The committee
wool I have deferred mekinx their report until the general
meeting, weieh will be held hefure the expiration of the
eurr-nt month; bat, inasmuch as the parliamentary agents
of thia com;may have, upon inquiry, stated their opinion
(hot the second resting of the bill will not came on until
the 21st of February, from which may be inhered
the p visibility of I'. a oning on even before that
date, they do not feel justified in delaying any
longer tusking this communication t , tin shareholder..
Th, fasutious ef th, c nini:ttce may now h: considered r
ended; and the committee have therefore only to restore to
the shareholders the trust confided to them. In doing so,
they would 'spree. their hope that, whatever course may
he porgued by any clam of sharehohlers, the great object in
which the proposal of the emersion* to ho made by the
preference el, rs originated. :—the conciliation
et all *lasses w.th a elcw to the attainment of the proposed
amalgamation, will not ler lat sight of. The c ,mmitteo is,
mar over, un iaimous in ita &sire I. impress upon the
whole burly of shareholders the vales and importance of
the arrangements mule with the two York Companies;
and they would therefore urge upon every class of shar-•
hol4crs, to give the arnalgataati ma their most strenuous
surport.
" Fronds Carhutt, chairman. Imo Durkin, John
Inflates, James Woodall, appointed on 'rhea of the pre-
ference shareholder.

" Tbasam Juhr.s..,n, 11. S. Bright, It. W. Jai. n, John
Simi* appointed on behalf of thu uriglnal chwr‘holdera."

DUBLIN AND BELFAST JUNCTION RAIL-

WAY.

Thc half-yearly report of the directors, to be pre.
scaled at the meehop to b. hal on the 16th ihst , contains
the followieg prourgn :
" Tb• n 8.e117^ s' sad trerehandire receipts have exceeded
the previous hvlicar ended June, 1852, be 6,778, , and
the o.rrespriadusg period of 1841, by 8,337 f. The fol-
lowing is aeemparat.yo statem•at of :here twu Pumas of
111111,11111111 :

Dee..lllol. X. Jaw., 185% Kn. Dee. Mt.
Jlara6w•. ;7,4 II Alia N,661 X10,:91 10, IS7 £101,..04
Marehaad" 1,3711 1,11i7 1,163

t 0,718 C 12,7113 A 19,37,1
0 The expeocUture on fort of the revenue account for the
boric*, it 2.1461, which is in the yroper:ion of about
321 p.r cent. on the et et it". The haulage and the care of
the permanent way Is sow conducted by the rompany's Al-
cor'. The act balance to the emit ufressaue fur the hal f.year
ie 12.2241. Is. 2d.. to which is to be added th • b d. nee from
the preCOVII half )car, 1,121. Os. lid., making 21.:1181. Co. ;tl.
available for a dividesd. The ditocton congratulate the
proprietor, on the above satisfactory poeitiw, of the rem.
pity, and have pleasure in rrrirosnendin4 that a nd
a 00.. pound p relate be paid t the preprizters entitled
thereto. after which there will remain to be carried to the
froiront half-yeses account about 4,0001. The results of the
peat half-year's traffic are the more satisfactory, when it is

eoneidered that your line of railway is MOI as yet completed
throushnut, the works connected with OM Boyne Viaduct
being still untinishid. Within the past half-year, the
directors have weld 192 forfeited shares, at prices which paid
all calls due thi reon, with interest and coats ; the Ude
amount receive.' in the same period for arrears of calls,
it:laud:no the foregoinir, is 14,805/. The bill fin
which the directors t.b;ain:d the proprietor.' con-
' mat at the special meeting held last August has been lodged
in the proper office, and will be brought before parliament
in the prevent semen. This 101 l solely contains powers
to appropriate so much of the sums paid and payable by
the Drogheda Railway Company as consist, of principal to
the payment of your del:noires ; and to apply the re-
miinder thee of, being interest which accrued on the
oenouht ezpended ou the Navan branch during the period
t its construction, and which appears in your balance
sb'et as amounting to 14,6311. Ss. Bd., to the liquidation of
tl.c juts rest paid ned to 'se paid on bonds and loans, which
up to the 31st December last was 9,7101. Gs. 91. The Dublin
and Drogheda Itailer..y Company hue* paid off during the
past six month Z 3,4421. of the mortgage debt. At the
proper time a special meeting of the proprietors will be
reenmuned to consider and recce on the provis;,:ns of this
bin. Applications have been mode to your directors for assist-
ance by the projectors of railway undertakings from the towns
or Banbridge and Dunganncn to your line. While the direr-
, tom would wish to use great caution in investing any portion
of this company's funds in the formation of branch lints, they
have deemed it their duty to your interests to convey to the
provision,: directors of the Banbridge Junction an assurance
that should they ohtain their bill in the present ses.ion of
parliament, and that amongst its provisions there shall be
a clause empowering this eompany to subscribe for shares in
tLs it undertaking, they will recommend to you that they
'boil be authorised to take shares to an am flint not ex-
ceeding 6,00 W. ; and with respect to the proposed line to
Dungannon, while they Lave expressed general concur-
rs me ill its objects, it has net sufficiently advanced to war
nut any promise of pecuniory assistance."