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

them in evsry department, to ensure the most rigid economy
that is compatible with efficiency. Your directors are pro-
ceeding to carry out the resolution of the proprietors passed
at the last general meeting, with respect to the Barnsley
Branch ; to this subject they have Raven their best con-
sideration, and have determined to construct only so much
of this branch as will insure a full auppiy of coal t 3 the
western section of the line, and for this purpose they have
taken the necessary steps with a view to the purchase of
the land up to tho village of Dotlyrorth, from which place
an easy access by mad is obtained to the town of Barnsley.
Your director. have felt it their duty to oppose a 101 l
brought into parliament by the Great Northern Company
during the past session, by which they nought to obt tin
ruhning powers over your line between Grimsby and New
Holland, with the right to use the works at the latter
place, to appropriate to their use a most import-
ant portion of the dock property at Grimsby, upon
which they proposed to erect a rival scheme. and
Ito make a new station at Sheffield, for both passengers and
goods. The bill contained other objects, hut which had no
important bearing on your interests. Your directors felt
1 that the granting of these powers would be highly prejudi-
cial to your property, and that they had no altsritative but
to give the bill their most strenuous opposition, in which
they are happy to say they were successful, the committee
of the lords having rejected the running powers and the
scheme at the Grimsby Docks, and confined the station at
Sheffield to goods and minerals only. Your directors also
succeeded in obtaining a clause to he inserted in the bill, by
which you hare the power to run your engines and trains
through the Great Northern station at Lincoln, to join the
Market Hawn branch. After payment of the loan interest,
and the guaranteed dividends of GI. per cent. per annum on
the 6!. shares, and of 71 per cent. per annum on the No. 1
quarter shares, there remains a balance of 10,910/. 135..k1..
out of which the directors recommend the payment of a
further instalment of 2s. GI per share on account of the 101.
preference shares, amounting to 10,9001. Your directors
recommend you to confirm tho forfeiture of a number of
shares for non-payment of calls, and upon which 11,5391.
has been received.

CAPITAL .Ae eot•Nr for the half-year ending June 30.-
Receipts: Amount of consolidated stock, 3,219,380/. ; con-
solidated to June 30, 18.51, and forfeited (11,9311. 10..),
102,292/. Ss. 6,1. ; amount received on No. 1 quarter shares
(less amount forfeited. 2701.), 446,4111. ; ditto 101. preference
shares, 872,000!.; ditto 8/.21. Lincoln Union shares, 173,8301.;
ditto calls in advance ditto, 16,118!.; ditto 6/.. preference
shares, 516.574/. le. 7d. ; amount received on shares fur-
(cited, 110,489/. Ils. ; amount raised on mortgage (including
loan note., 44,013/.), 1,859,373/. 145.; temporary loans from
Chesterfield Canal proprietors (less amount repaid, 80$!.),
2,690/. Total, 7,331,231!. 164. Id. Thu..: remained stock
not consolidated, on December 31, 1850, 180,027/. 81. ld.-
Expenditure : Loss on re-issue of 3,487 100/. shares, 1812 to
1844, 105,246/. Os. 84. ; Law and parliamentary expenses
(including losses on shares), 429,5011. 16s. 9d. ; engineering
and surveying, 124,109/. 12.. SB.. ; land and compensation,
665,717/. ; works, 2,171,7491. 12s. 10d. ; stations, 450,9861.
19e. 11d. ; Woutlhead second tunnel, 198,479/. 18s. S 4. ;
Thurgoland coal branch, 21,11791. 7s. 9.1. ; Whaley-bridge
branch, 78,9911. 2s. 10d. ; Glossop branch, 15,740/. 9s. hl. ;
Manchester warehouses, 65,867/. his. 10d. ; Ash-
ton warehouse, 12,037/. 15s. 2d. ; Gorton depot,
60,478/. Os. Id. ; New Holland depot, 133,292/. 7e. Id.;
Manchester station enlargement, 12,211/. 19s. 4.1. ;
South Junction ltailway, 291,6901. 13s. Ild. ; Humber Fer-
ries l'ureliase, 23,4651. 10s. Dd.; Chesterfield Canal I'ur-
chase, 147,762/. Os. sd. ; Grimsby Old IMek l'urehase,
112,201/.176.61; Grimsby New Docks Works, 571,10 15.5 d.;
Stuck,viz.:-Locomotive engines and tenders (less amount
over debit•al, 2,05014, 249,697/. 1,. 1111. ; carriages and
waggons, 267,668/.13.1d.; miscellaneous stock, 24,2481.24.1 d.;
steam packets, boats, and ferry stack, 32,7791. 64. 64. ; ge-
neral expenses (including advertising, printing, stationery,
and travellie.g), 111,797/. 44. ; interest on shares and mort-
gage, Dec. 31, 1830, 475,111/. I2s. Bd.; proportion of deben-
ture interest fur unproductive works, 0,0021.; ditto to
June 30, 1851, 6,6781.; deferred interest warrants paid,
32,170 t. 101. 6d.; balance, 158,292/. se. 11,L Total,
7,331,231/. 16s. Id.
RIVEN en ACCOU or.-Receipts: Coaching traffic, pas-
sengers, Ist class, 6,519/. Os. 6d. ; 2nd class, 14,781/. 9s. ;
3rd class, 38,080/. 5.. lid. ; making 59,120/.155. id. ;
1,098/. 53. Ild. ; parcels, 3,889/. Its. 6d. ; horses, carriages,
and dogs, 1,1561. Is. 54. ; merchandise traffic, 66,155/.19..1d.;
mineral traffic, 11,917/. 12s. 1,1. ; live stock, 3,142/. 17s. 11d. ;
rents receivable, 2,313/. 4s. 11d. ; transfer fees, 495/. ss. ;
proportion of south junction dividend, 3,0001. ; Grimsby dock
dues, 1,401/. 1e.9,1 ; Ashton canal receipts, 9,858/.0..8d. ; leak
Forest do., 12,6861.195.2.1.; Macclesfield do., 3,0911. Is. fide ;
Chesterfield receipts, 5,4131. 13s. Total, 189,0531. Ils.
Expenditure : -Locomotive expenses, 29,899/. Bs.; traffic
expenses, 32,705/. 4s. 7d.; maintenance of way and stations,
11,306/. 12s. ; general charges, 5,590/. 12s. ; rents payable,
3,1831. 17s. 11d.. ; toll account payable, 2,1511. le. 91. ; rates
and taxes, 2,246/. ss. 4d. ; duty on passengers, 1,1611. 14s. 6.1.
-88,5141. 19s. 2d. Ashton Canal e penditure, 4,283/. 181.20.;
Peak Forest, 8,1801. 14s, 14.; Macclesfield, 1,506/. Is. 4d.;
Chesterfield, 2,3771. se. 6.1. ; balance, 81,1701. 13s. 6.1. ;
Total, 10.1,0631. Ile. thl. To this balance of
84,170/. 13.. 6.1. is added that from December 31,
1850, of 6,703/. 10.. ; making a total of 90,8791. 34. Gel.,
which is thus distributed :-Interest on loans, 31,007/.
Ashton canal loans, 290/. ; ditto annuities, 6,0011. Ils. sd. ;
making 6,291/. 11s. :xl. Peak Forest canal loans, 1,1091.;
ditto annuities, 4,426/. 9s. 3d. ; making 5,6341. 9s. 3d. Mac-
clesfield canal loans, 1,1611.; ditto annuities, 3,2061. 3s. 7d. ;
making, 4,6701. 34. 7d. Interest on deferred payments,
613/. 100. Dividend on No. 1 quarter shares, 16,7411.
Dividend on 61. preference shares, 10,950/. ; leaving out of
the total balane., of 90,879/. 3s. Gal., 10,9101. 13s. sd.