The Express.
London, England, 1853-08-16 00:00:00

NEWRY AND ENNISKILLEN RAILWAY.

The following is the report of the directors of this
company, to be eubmi.ted to the ordinary meeting of share-
holders on the 16th inst.:
"The accounts of the company made up to the 3Jth of
June last, and duly audited, are annexed hereunto, and
from these it will be seen that the receipts for the last half
year amount to 1,0261. Ils. 2d., and the payments to
6,6991. Is. Bd. The directors have much pleasure in an-
nouncing that the bill in parliament promoted by this com-
pany has received the royal assent, and they consider it a
matter of congratulation that all questions teuching the ex-
tension of their line to the landing quay et Newts, and
a junction with the line of the Dublin and Belfast Com-
pany, are thus terminated in favour of this company.
In the passing of this bill, however, the Board of
Trade object, d to the introduction of any clause giving
power at present to make working arrangements with any
other company, it being at variance with the resolutions of
the House of Commons, that no such arrangements should
be permitted until parliament had matured a general mea-
sure for the future government of railways. The share-
holders are aware that the sole object of the government,
is the prevention of the amalgamation of large companies to
the prejudice of the public, but it is also generally ex-
pected that compulsory powers and additional facilities will
be given to small companies like the present, to work their
lines in conjunction with those of other companies. Under
these circumstances the directors have come to the conclu-
sion that until parliament shall have defined the grin-
' eiples on which these worsting arrangements can be
carried out with safety to all concerned, it will be ex-
tremely dangerous for this company to part with
possession of its line, and have, in consequence,
decided on putting on the requisite rolling
stock forthwith. The report of John Godwin, Esq., the
company's engineer, is annexed hereunto, from which it
will be seen that the line will be completed in a few dap,
and as soon as the rolling stock can be procured, it may be
immediately opened. From information received of the
present amount of traffic, the directors entertain every con-
fidence that it will prove remunerative to the shareholders.
The directors regret that the Ulster suit has not been
brought to a conclusion, owing to the fact that so many com-
panies are parties to it. They hope, however, that shortly
after the recess it will be finally disposed of. Tw e direc-
tors, Lewis Crombie, Esq,, and Henry Sealy, Esq., and one
of the auditors, Alfred Samuel, Esq , retire by rotation,
but are eligible for re-election, and offer themselves ac-
cordingly. W. F. SPACXMAN, Chairman.
" 1, Guildhall-chambers, Basingball-street,
London, Aug. 8, 1553."

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