The Express.
London, England, 1851-08-22 00:00:00

GENUAL sALiNci.

Dr. s. d.
T• Balance of capital account
„ Balance of revenue amount 04,170 13 6
„ Balance of revecue, Dee. 31.1. 1060 8,70.4 10 0
„ ',edgy r o=olol44olring by the. Company 61,934 16 10

£311,106 8 3

By balance du 'rot• hailers
d-,, of .t4freo to helot
Ledger account, due to the Company 150,184 13 3

£311,106 8 1

THE REPORT OF THE At IHTORS states that the in-
tegrity of the amounts has been ascertained. Tho items of
expenditure have been strictly investigated and examined,
and duly appropriated to capital and revenue. Of the
amount of the law expenses during the last session of par-
liament, in opposing the attempts of the Great Northern
Railway Company to interfere with the rights and interests
of this company, one-third has been charged torevenue and
the remaiuder apportioned to the capital account. Tho
amount of law and parliamentary expenses charged to
revenue for the balf-year is 1,7031. 17s. ; and this
amount, although to a certain extent assumed only, will, the
auditors trust, be a very near approximation to correctness.
The question of a reserve fond fur the renewal of the per-
manent way, remains in the position to which the auditors
referred in their last report. The unfavourable contrast be-
tween the canals statement of the past half-year, as compared
with the preceding one, is attributable to the COS/Minn of pay-
ment to the canals for water supplied to the Manchester
Water Works, and to the other depressing causes explained
in the report of 22nd August, 18 pO. The auditors have
great pleasure in referring to the improved receipts front
!the South Junction Railway.

BLACKBCEN RAILWAY (LATE BOLTON, BLACK-
BURN, CLITHEROE, AND WEST YORKSHIRE).—The di-
rectors as an introduction to their report to be presented to
the shareholders on the 27th inst., give a comparative state-
ment of the traffic on their line during each half year since
'the opening of the Bolton and Blackburn section at Mid-
summer, 1818, and observe that the receipts both from goods
and minerals are progressively and satisfactorily advancing,
and they have every reason to believe that they will con-
tinue to do so. In the half
year ending December, 1818,
the receipts were 6,94 W. Is. 2d. ; in the last half year they
had increased to 17,8451. 6d. The revenue account
shows that after paying the general charges, working ex-
, penes, rates and taxes, and the interest of the debt (and also
I some charges amounting to 3691. 7s. 2d. which cannot occur
again), there is a balance of 3,9011. 6s. lld., including the
I sum of 2,3631., the nett balance in hand on the 30th Dec.,
1850. This sum has been applied towards payments in-
-1 eluded in capital account. It is intended, however, to be
replaced as soon as possible, and when the amount is aunt-
-1 tient for the purpose, to apply it in discharge of the interest
due to the shareholders up to December, 1848. In the
meantime the directors propose to issue to the
shareholders warrants for such deferred interest,
to be paid at a future and they trust not very
distant period. The proposed act for confirming the
arrangement entered into with the Lancashire and York-
shire Company, had been rejected by a special meeting of
shareholders, so far as regarded that arrangement; but an
act omitting those clauses had received the royal assent on
the 24th ult. The attention of the directors had been
called to • paragraph in the report of the East Lancashire
Company stating that negotiations having reference to pro-
posed arrangements between that company and this were
still pending. The directors are entirely ignorant of such
negotiations, and no proposals whatever have been made to
them by the East Lancashire board, or by a person on their
behalf, since the meeting of 28th January, 18.30, when the
terms offered by that company were rejected, and the agree-
ment with the Lancashire and Yorkshire Company adopted.
The engineer's report states that the Lancashire and York-
shire Company has now taken possession of the whole of
the works between Bolton and Chatburn, according to the
terms of their agreement with this company, the only ex-
penditure which remained to be incurred would be for
• completing the road-side stations and warehouses, and also
to lay the second line of rails between Blackburn and
Clitheroe, should that be deemed expedient. The warehouse
at Whalley is nearly finished, and arrangements are in pro-
gress for building there a suitable passenger statism.

LONDON AND NORTH-WESTERN RAILWAT.—This
company propose to construct an ostensive hotel at Bletchley,
which forms the junction point of several lines and the
stopping place of parliamentary trains, the accommodation
being much requited.

The share market to-dvy is dull, only a
limited business offering, but prices on the whole
are fairly supported. Midlands ate firmer,
and have improved to 41. Manchester, Shef-
field and Line()lns are lower, having been transacted
at 26. Eastern Counties remain unchanged. The
the

traffic return just made km
being 16,101. against 14,8 T
week of last year, showing a

SUAKE3 ANI) lITOCu

MOIVEY MARKET.

lIIIS DAY.

Two o'CLocx.

The market for the home funds opened this morn-
ing at yesterday's range, at which it was for a time
supported by, ate appearance of the government bro-
ker as an investor, but a few sales for time have
caused some little flatness, and quotations arc now
I lower. Every department of the Stock Exchange
presents a quiet appearance; the attendance of mem-
bers is thin, and there arc no operations of magni-
tude going forward at the moment in any descrip-
tion of security.
Consols arc quoted 96!, to for delivery, and 961
to .4 for the 11th proximo. Business is recorded as
follows: Three per Cent. Consols, 964, j ; ditto fur
account, 961, ; Three per Cent. Reduced,
New Three-and-a-Quarter per Cents., 90, ; Long
Annuities, 1860, 7: ; Bank Stock, 215 f, 215.
There arc no large transactions offering in the
floating debt, hut that no degree of pressure is at
present felt In the money market maybe regarded as I
proved by the maintenance of the unproved rate of
premium on Exchequer Bills. The present quotation
is 455. to 465. premium. India Bonds are very quiet.
Business in foreign bonds continues extremely re-
stricted, and prices nominally remain as before.
Mexican Bonds, however, are firmer, and have ral-
lied to 29. There still continues to be a good deal of
discussion relative to the propriety of securing the
certificate from the bonds, with a view to
enabling each to be dealt in separately,
and no definite official decision appears es yet to have
been arrived at on the subject, notwithstanding the
statements made a day or two ago. We hear that
some of the principal brokers have been ap-
plied to to urge the propriety of the step
on the committee of tho Stock Exchange,
but, although the severance of the certificate is
supported by the Bondholders Committee, the pro-
position does not seem to meet with general favour
except from the speculators, whose interests it is
more calculated to serve. Sardinian Scrip is a trifle
weaker to-day. The prices of the morning's business
are as follows:—hutch Four per Cent. Certificates,
92.1. Mexican Binds, 29 ; ditto for account,
29th of August, 29. Peruvian Five per Cents, 1649,
91. Sardinian Scrip. dis. Spanish Three per
Cents., :In 311.
The subjoined brief communication refers to the
Venezuchui debt: