The Express.
London, England, 1851-02-21 00:00:00

RAILWAY MEETINGS.

NORTHERN COUNTIES UNION.

The half-yearly meeting was held yesterday at the
London Tavern, Bishopsgate-street, to receive the report of
the directors. Major W. llxstesroati, M.P., presided.
The directirs' report was as follows:—" The directors
have to report, that the negotiations which they have ea-
tered into with the Lends and Thirsk Railway Company
have successfully terminated, and that an agreement has
been concluded fur the transfer to that company of the por
tion of your hue (about 21 miles) which the Leeds and
Think Company was empowered to purchase by their act,
1848. The purchase money is to be fixed by valuation, and
in case of difference, it is to he settled by arbitration, under
the Company's Clauses Consolidation act, 1844 ;' provision
has, however, been made for the use of that line by this
company, in ease it should hereafter be required. Year
directors have given their serious consideration to the course
most advisable to be pursued with respect to the residue of
the line. They) arc glad to find that efforts are nicking to
induce the Railway Commissioners to promote a modification
of the Railway Abandonment Act, so as to remove the
provisions which bear so harshly upon railway companies,
and subject to the issue of this application, the directors are
unanimously of opinion that so soon as it can be wifely done,
it would be prudent to take advantage of the Abandonment
Aet to bring the company within smaller limits, and that
your directors should be authorised to apply for renewed
parliamentary powers over that portion of the line which
should not be abandoned. Your directors may also inti-
mate to you, that idler having opened negotiations with in-
flatentiel partits cossetted with other companies, they hope
thereby to suecced In further protecting the property of the
shareholder. The utmost exertions continue to be exer-
cised for the recovery of the arrears due on certain shares,
and your directors rely on a considerable amount being ob-
tained over and above that already received. The directors
recommend the confirmation by this meeting of the forfei-
ture of certain shares on which the call is in arrear, and of
which due notice has been given. The balance-sheet
is appended hereto, showing a credit balance of
28,3721. Is. Cal."
The report was adopted unanimously.
A resolution was then passed fur the forfeiture of 190
shares, the calls on which were in arrear.
The retiring directors were then re-elected.
Mr. Wilkinson was chosen as an auditor. . .

Mr. HARRISON moved a resolution empowering the
directors to take measures fur effecting some modification of
the Railway Abandonment Act in relation to the provisions
which bear so harshly on Railway Companies, and that sub-
ject to this, the sense of the proprietors he taken as to the
abandonment of such portion of the line as the directors
zinnia deem advisable.
The resolution was seconded and agreed to.
Mr. SARIS moved a resolution fur empowering the direc-
tors to enter into negotiation with other companies, with a
view to the advancement of the interest of the Northern
Counties Union Railway Company.
This motion was also seconded and passed unanimously.
After a vote of thanks to the chairman and directors, the
meeting adjourned.