The Express.
London, England, 1851-09-01 00:00:00

WHITEHAVEN AND FURNESS RAILWAY.

On Saturday the half-yearly meeting of this com-
pany was held at the offices in Goildhall-chamben, City.
The Right Ron. the Earl of LONSDALL presided.
The report stated that the trafdc account exhibits out iftexesee
of receipts over those of the previous half-year of MU. 19a.,
while the excess of the expenditure amount's* Pei. lts. As
the soispiry are now bring supplied with morass NM*
suitable he Oa traffic of the Rae, it is sadalvatail that a
coosidssalis saving will be arsatod is this mist d lassior
tins siml la the meg hr mph% whisk his bra
Issiemod bat half-year is sessaguamos Si an
accident. hanks sa the trail@ aroma of 7941 Os, Id,
in favour et the aseripaay b applicable to the payment at
the intense on the mortgage debt. It should be tom is
mind that the railway is but part at a general lies Si
railway @WI hisempleta and that as yet its cadre in-
come Is &dna fig= the keel Mak between the tows at
Whildissea sod the .gel
abtriet to the Bork h.
the ilsrlorsoat Ovid& law raise at caimans, sri sa-
rcasm,. Thera la sow, browarsr, the wartais that
the line will mit Imre sembuse to sormia its roast
isolated positisa, as as tee Mks requirsil hs mitU the
line of railway throws! Wad omagaura soadsomws
and unbroken are he progress ot simorirdros. The
arrears of calls appoarlog em capital acoosot at UM Deem'
ber last, were -91,115 L 16.. 7d. Of Ws smssist
21,6741. Ils. 7d. was due urn shams, the Ihrtidlarie
at
which was confirmed at the hat glogral mobs* a:mm*l7g
malodor, 3,1461. fie. les bees rodesik„,lololAmmi tore
4941. due upon 62 shame, of sada 110

to be forfeited. During the last half-year 18,5001. has been
received on boa, by which the mortgage debt has been in-
creased to 101,3101. Of this amount 41.1001. bears interest
at 4 per cent. ; 16,7001. at 4i per cent. ; and 40,5101. at 6
per cent. Since the 30th of June, 1850, the interest on the
loan capital has been charged to revenue, and is somewhat
more than covered by the profits on traffic for this and the
three previous half-years. The directors expect to
Dave all claims connected with the main line ad-
justed during the current half-year ; and they believe that
the entire expenditnre, when ascertained, will very little
emceed the estimate of 370,0001. stated in last report.
From the accounts it appeared that the total sum ex-
pended was 359,127/. 2s. 2d., leaving a balance of 2111. 25.7(1.
beyond the receipts. The balance in favour of the revenue
account for the half year was 7841. Os. lid.
The CHAIRMAN, in moving the adoption of the report,
said that the directors regretted they could not present a
better report, nor declare a dividend to the shareholders.
Eventually, he had no doubt that the line would turn out
a very beneficial speculation. It had been constricted at a
very small cost, and a better finished line could not be
found in the kingdom. Great facilities would shortly arise
for the removal of goods from the station to the harbour.
He hail the greatest confidence in the line, and had em-
barked a greatdeal of money in the speculation. (Hear.)
After a short desultory conversation the report was
adopted, Mr. Potts elected a director, the retiring auditors
re-elected, and the meeting terminated with a vote of thanks
to the chairman.