The Express.
London, England, 1849-03-30 00:00:00

RAILWAY MEETINGS.

13 3h.

NEWCASTLE AND CARLISLE.

Annual Ideeisni.—Nniessitii; • Pursuant,
Esq., in the chair.
Toe CHAIRMAN said the directors had no capital an
count to lay before them, their line, as they were all aware,
having been, by a resolution passed, transferred into other
hands, who had since been working it. A statement of an
counts, however, bad been circulated. It had hitherto been
his duty, on previous meetings like the present, to declare
a dividend due January 1. Having been paid be.
fore the end of that month, he had nothing then to
announce. By the terms of the agreement with Mr. Hud-
son on behalf of the York, Newcastle, and Berwick Com-
pany, the rent payable on the lease of the line would be
six per cent. until 1861, but after that period it would be
advanced to seven per cent. in perpetuity. That agree
meat, he had no doubt, would prove beneficial to the
lenses, because he knew that the great increase even in
the article of coke would produce sufficient even to justify
the offer of Mr. Hudson. He (the chairman), at the same
time, was sensible the Newcastle and Carlisle Company
would have worked the line advantageously to themselves;
but he thought the different lines combined would be car•
ried on with more economy, and the directors had been fully
justified in recommending the course adopted to the share-
holders. They all were aware that an act for leasing the
line to the York, Newcastle, and Berwick Company had
been brought into parliament, to enable one company to
grant, and the other to accept, the lease of the railway ; and
at the conclusion of that meeting, a special one would be
held in which two bills would be submitted for their con-
sideration—the one relating to the alteration in the Alston
branch, and the other connected with the leasing of the
line to the York, Newcastle, and Berwick Railway Com-
pany. He would now call upon the secretary to read the

report.
Mr. ADAMSON then read the report, which stated that
the half-t ear's rent falling duo on the lit of July next, will
be paid divine that month and a dividend of U. per oent.
may be then paid to the shareholders for the halt-year end-
ing at that period.
The repo.. was adopted. The outgoing directors having
been re elected, the meeting wee made special, for the pur-
pose of submitting tc the proprietors for their consideration
and approval the drafts flf the following bills, lately presented
to the House of Commons, the. one intituled, " A Bill to
authorise the Newcastle-upon-Tyne and Carlisle Railway
Company to alter the Alston Branch of their Railway, to
make a Branch Railway therefrom, and for other purposes ;"
and the other intituled " A Bill for enabling the Newcastle
upon-Tyne and Carlisle Railway Company to Lease their
Railway and Works to. and to amalgamate with, the York,
Newcastle, and Berwick Railway Company."
Mr. JOHN CLAYTON then proceeded to read the
preamble of the first bill, together with al of the most
important clauses in it ; after which it was unanimously
agreed to, subject to such alterations as parliament amight
see fit to ake.

Mr. CLAYTON next read the second bill, relating to the
leasing of the line to the York, Ne• castle, and Berwick
/titer some conversation, a resolution was pawed'
sanctioning the bill, but at the same time stating, this meet-
ing, deeming the power to amalgamate superfluous, ;desired
that the directors propose its omission.
Mr. GRAHAM then brought on his motion respecting
Sunday travelling, which was rejected by a great majority.