The Express.
London, England, 1853-08-30 00:00:00

NORFOLK RAILWAY.

The half-yearly general meeting of this company
wns held yesterday at the offices of the company, Guild-
hall•buildirgs. Mr. Paco, M.P., presided.
- - - - • - •• •

The SECS zzzzz read the report, of which the following
are the main features:
" The statement of receipts and expenditure on revenue
account, prepared by the Eartern Counties C .mpany, and
which has been circulated among the shareholders of this
company, shows a groin increase of receipts for this railway
in the half year of 7,8021. 3s. ld., as compared with the cor-
responding hale year of 1842 ; whilst the working expenses
arediminished by the sum of 8141.136.6 d. for the like period.
The total traffic of the year amounts to 136,9741. 3s. 11d.,
contrasted with 121,1811. 19... the revenue of the previous
year. The directors are happy to say that this progres•
she increase of traffic still continues, there being an cameos
of 3,4231.61.6 d., in the past seven weeks of the current halt-
year, over the receipts in the corresponding period of last
year. The dividend declared by the Eastern Counties
Company being at the rate of ds. per share of 20/ , the
proprietors of the Norfolk Company are entitled to a divi-
dend at the rate of 11. ss. per cent. for the half year, on
their consolidated stock, which will be paid on the l.hh
September next. The bill referred to in the last halt-
yearly report as having been deposited in parliimeut by
your directors, for effecting the objects of the agreement of
tee 2nd May, 1849, between this company and the E tstern
Counties Company, was withdrawn in consequence or the
opposition th lid be that company, the Eastern ---
Counties Company engaging to insert clauses for the pro- Increase £11,451 15 7
teetion of this company in their own bill for powers to The total ordinary working expenses for the half-year are
lease or amalgamate wit the other companies ; that bill 49,1681. the 7d., being 3,5781. 111. 10d. MOM than for the
was not proceeded with, in consequence of the inter- corresponding half-) iar of 18.52. The cause of this excess is
ference of the government committee on amalgematiote. fully explained in the accumpenying repert.of your engineer.
The proprietors aro aware that the existing agreement with The nett surplus revenue for the half-year 067,223 f. Is. Id.,
the Eastern Counties Company will expire in May, 1955 ; l out of which the directors recommend that a dividend at the
and it w:11 he necessary, previous to that time, to deter- rate of tt per cent. per annum be paid on the consadt.ted

PASSENGERS.
Total Putt ngen. Amount.
Half-year to 30th June, 1833.... 253,115 .. 1.7'2,301
„ 1842.... 244,131 00,050

Increase .... 10,984 Increase 6,151

GOO Dti. Tune. Amount
11211-year to 30th June,1853.... 77.077 L20,7v6
„ 58,044 21,t,77

Increase .... 19,032 Increase 6,119
carri,z.
Total head.

Halt year to 30th June, 18.53.... 95,293
„ 1852.... 81,786 ..

Amount.
1:6,1110
6,5,56

Increase .... 13,5t17 Increase 6,i3
talto,l RECISIVTB.
Half-year to 30th June, 1853 £139,726 8 8
1852 .... 119,171 13 1

atoek of the company, after which there will remain a I.IM
of 9731. la. Id., to be carried to the credit of the next ha:l-
- revenue account. The sum cf d,7661. Sc. ad. has
been expended this ball year out of 1410 40,0001.eatituated
to complete the line to Kilbarrv, leaving 9,2111. 16 .511.
still remaining fur that purpose. The last half-ye arly report
informed the proprietors that 281,680/. of the 509.000:. loan
made by the government had been paid off. Since that
time the balance has been discharged, and the account
Sandy closed. The four per cent. preferential shares,
which the proprietors authorised to be raised for the
liquidation of th.t loan, and fur other purposes, have ell
been issued. The tunnel works at Cork are rapidly pro.
greasing, and the engineer's report explains the preliminary
arrangements which are being made to commence
the dock and terminal station at Penrose'a quay.
The branch line between Pertarlinetera and Tullamure to
in course of construction, a satisfactory contract having
been entered into with Mr. Dorgan for its execution. The
directors hope to have it opened for trafffa early nee: year.
An act of parliament has been obtained this semen for
making a railway from your line at Ballebrophy through
Itoscrea to Parsonatown, a line ea• y of formation, anal which
will prove a valuable feeder to the Went Southern and
Western Railway. An act has also been obtained tor di-
verting the Ghinniire-road at Cork, close to the south
aten-
trance of the tunnel—an alteration by which the approach
to
and the
The Mag.
the dock
ati'rpmliii•naabllestatotiotnh ehn liamr improved,
de
n
made more available for the object.; intend, d.
netic nlegraph Company have laid their wires over nearly
the entire of your him; the telegraphic communication
is now in operation between Cork and the Limerick pine-
stbaehlit esneVIVOM4
ti
from°u,
Da tut dblin
tt
oh ec c,,orukr e
lot!' ahas o
beenalso will
Mallow to Killarney, and it is the intention of the Magnetic
Company to continue the wires from Cork to QUFeinsttlwa.
An application was made to parliament this gusto:. for en
act to authorise the construction of a railway from Kil-
kenny to Muuntrath, and as your directors considered that
such a line would he very objectionable and injurious to
y or undertaking, they opposed the application and suc-
ceeded in having the hill rejected. 'f!re directors are happy
to inhirm the proprietor that the Kialarney Junction
ltail-
way has been for some time open for public traffic, and
that the receipts are such as fully jastity the steps taken by
your company in encouraging and 'ab'cribing to that
branch line. A resolution will be submitted to this meeting
to obtain the formal sanction of the proprietors ter convert-
ing the Sin per Cent. Preferential Shares of the company
into Six per Cent. Preferential Stock—an arrangement
which nili simplify the stuck account, but in no manner
affect the nature or security of that pinion of your capital.