The Express.
London, England, 1851-03-04 00:00:00

The report stated that the directors expected the works
on the line to be completed during the ensuing 'summer.
Arrangements had been made fur working the tragic of the
Irish South Eastern Railway. The revenue account for the
half-year showed an increase of 16,5801. over that for the
corresponding period of 1849. The increase in the revenue
was principally derived from passenger traffic. There was
an increase of 14,623 tons of goods cons-eyed along the line
over the amount conveyed in the corresponding period of
1849. The total amount received during the half-year waa
116,7631., and after deducting working expenses and in-
terest on loans, and adding the balance front the last ac-
count, they lcid a surplus of 48,98.11., out of which they
proposed to limy a dividend equal to 3) per cent. per annum,
or 17s. 6d. per sluice, which would leave a balance of 6,9854
fur the next account.

The CHAIRMAN, in moving the adoption of tho report,
entered into a statement relpectinu the prospects of the
company, and congratulated the proprietors on the position
of their affairs.

Resolutions were passed adopting the report and declaring
a dhidend of 17s W. per share. Other formal resolutions
were also p.iesed, and after a vote of thanks to the chairman
the meeting separated.

GREAT NORTHERN RAILWAY.

"The aicon this company for the half-yew
ending the 31st December last show that 7,831,022!. had
been received on capital account, including 4,800,264/. on
the ordinary shares, 1,289,6351. on preference shares, and
1,606,1221, luans on mortgage. The expenditure amounts
t 07,461,431/., including 463,2251. preliminary expenses to
passing of act ; 10,6821. for directors and auditors ; 21,5891.
secretary, officers, and clerks ; 131,466/Jaw and engineering;
1,511.5601. land and compensation ; 4,042,907/. works and
materials ; 11,9641. machinery and tools ; 266,6861. engines
and tenders ; 241,5331. eariTing stock ; 19,290!. For navi-
gation/ rent account ; 1173,602!. interest on capital and
advances ; 5,5441. stamps for mortgage deeds ; 65,4241.
to complete works of East Lincolnshire Railway; and
7,0191. on permanent wav, of ditto; and 78,3991. on the
Boston, Stamford, and Birmingham Railway account. The
balance remaining in hand amounts to 336,0901., consisting
of 249,991. in cash, and 86,6511. invested in South York-
shire and other share.. The expenditure during the half-
year amounts to 1,071,4681. The revenue account fur the
half-year ending the 31st of December last states that
136,82'21. had been received, including 95,1611. for passen-
gers, 27,463!. fur goods and merchandise, and 13,6451. coals
and minerals; and 66,9771. expended, of which 6,5511. was
fur maintenance of way and works, 24,6141. locomotive
power, 27,8181. coaching, merchandise, and station expense,
1,2721. rates and taxes, and 3,0811. government duty—leav-
ing abahmee of 89,845/. To this sum is added 7,9001., the
balance from the preceding account in June, 1850. making
97,7431. Out of this sum is deducted 19,396/. for
interest on perpetual 3 per cent. preference capital ;
18,0001. guaranteed rent of 6 per cent. on 04.10,000/., capital
of East I.incolnshire Itailway ; 2,370/. at 6 per cent. on
Royston and Hitehin Railway capital of 200,0001. (being
at the rate of 12,900/. per annum), due from the 21st of Oc-
tober, the day of opening to the 31st of December last;
1,2021. interest on bond debt of Eut Lincolnshire; 4,2231,
balance of loss on Witham Navigation, leaving a balance of
52,542/. From t Ida sum 16,1641. is deducted for one quar-
ter's interest accrued from the 30th of September to the 31st
of December last on 103,4541. preference shares ; and 15,8981.,
being one-half the six months' interest due (31,7970 and
paid un the 15th of January, 1851, on the mortgage debt of
the company, the other half (15,8281.) being charged to
capital, leaving a disposable surplus from revenue of
20,489!. The revenue account of the Fosadyke and
Witham Navigation t'or the half-year shows a receipt of
7,0631., and an expenditure of 11,2871., leaving a balance of
4,2231. to the debit of revenue account. The length of line
open prior to the 7th of August was 146 miles. On the 7th
of August last the line from London to Peterborough (a dis-
tance of 77 miles) was opened, and on the 21st of October
the brunch from Ilitchin to Royston (13 miles) was opened,
making the total to that date' 36 miles. The number of
miles run by the engines was 967,302. The consumption of
coke averaged 30.1111. per mile run by the engines, being
2.53 d. per mile, and fur the trains 2.961. per mile. The
working charges ter the half-year were—t 56,9771., being
42.147 per cent. of the gross receipts, and amounting to
la. 71d. per mile per train on the 826,739 miles run by the
trains. The maintenance of way is charged on 113 miles,
the other 90 miles are at present maintained by the con-
tractor. The original share capital now consists of 146,491
2.51. shares, 250 231. shares in suspense, 45,588 A 121. 10s.
shuns, and 45,488 11 121. 10s. shares. When the account is
fairly adjusted the number of preference share, may, to a
trifling extent, be more or leas than 103,454.

WIINDLNO-UP OF JOINT STOCK COMPANIES.

THING, READING, AND BAsINGSTOKE RAILWAY.—
Yesterday, after a protracted inquiry, his Honour Master
Richards decided not to place Messrs. Con, the stock-
brokers of Thrugmortori-etreet, on the list of contributories
as liable in the character of transferees in respect of 1,285
shares lodged by them with the directors of the company,
and on which a loan of 6,3001. is alleged to have been made
to them out of the company's funds, and which sum,
together with 1,3651. fur interest, after the rate of 5 per
cent., was sought to be reCOVeittl from them by Mr.
Wryghte, the official manager of the estate, for whom Mr.
Daniel appeared as counsel, with Messrs. Lawrence, Plews,
and Bowyer, solicitors; Mr. looks being counsel, and
Messrs. Richardson and Talbot solicitor, for Messrs. Cox.
The evidence of Mr. O. P. 11d1, the solicitor to the corn-
pony, and who, in consequence of a communication from
Mayor Lind:1111, its chairman, negotiated the loan in question,
went to show that it was agreed by the directors in Oct. 1845
to make a loan of 6,3001. to Messy.. Con on deposit of scrip,
and for which he (Mr. Hill) gave Mews. Cos a cheque,
they handing over the scrip, but the money had not been
repaid. The shares in question were "clean" shares, never
having been in market circulation. The Messrs. Cox were
the share brokers of the company, and at the period of the
loan a large amount of the depo•its received lay uninvested
at the bankers'. There appeared to be twelve persons for
whom Messrs. Cox held the 1,285 shares as agents. The
witness had heard that shares were bought in the market,
but was not aware of any proposal by Major Lindam, now
out of the country, to Messrs. Cox, that shares should be
purchased in the market. M. looks, on behalf of Messrs.
Cox, contended that the transaction, though it bore the
semblance of a loan by the company, was inferentially a
peculiar kind of share market transaction, and that his
clients were not liable, Mr. Daniel complaining that
Messrs. Cox declined to disclose the names of their priori.
puts, which prevented the official manager from exercising
any,jue teeth in the matter.
11.141:118 COUNTIES AND SOUTHEND JUNCTION
RAlLWAY.—Yesterday the list of the provisional committee
in this cuinpany was proceeded with before his Honour Sir
W. Horne. Mr. Daniel, as counsel fur Mr. Ewart, the
official manager ; and Mr. C. L. Webb, Mr. Williams, and
others as counsel for those summoned. A number of gen-
tlemen wen, placed upon the list as liable, on proof being
produced of epvilic acceptance on their part of 100 shares,
and of their having paid sums vary ing from 1001. to liol. to
Messrs. Perring and Smith, the solicitors to the company,
and for which sums, in any call that may be made to dis-
charge liabilities, they arc to have credit given them. One
of these gentlemen stated that he had been applied to for a
sam of 2171. for " goods sold and delivered," and that he
eonipromiacd the matter by paying 1501., the state
of the law of liability in them, matters being uncertain
at the time, and, consequent upon which, what
called an " Allotted Protection Society" sprang up,
which undertook, on the payment of a two guinea sub-
scription by each member, to obtain for them collectively
the beat legal opinions. 111 reply to questions the official
manager stated that the next list to be taken contained the
names of those who paid the deep u-it of 2/. 12s. Gd., the
next of those who paid 2s. 6d. per share and received back
their letter of allotment, and the last containing the names
of 1,128 persons who only had shares allotted them, but
which latter list he would not be able to support. The
chief object that would be kept in view would be to make
all parties liable to contribute equally to defray debts,
while thaw who had paid more thou their duo proportion
would have it repaid.

LOWEsTOFT RAILWAY AND HARBOUIL—On Sa-
turday last the half-yearly meeting of this company was '
held at th, Harbour Master's offiffl in Lowestoft, 8. M.
Petn, EN. in the chair. Mr. Peto congratulated the share-
holder. on the completion of the harbour, and on the fact
of its being completed within the capital, 320,0001. From
the statement of the accounta, it appeared that on the
capital account the receipts amounted up to Dec. 31, 1850, to
322,7611. Its. &1., and the expenditure to 352,5.571. 65., but,
deducting for sale of surplus lands, old materials, &c., IPar
molts of Eastern Counties Railway, for steamboats, timber,
rails, and other stores, the amount of expenditure was re-
due sd to 321,1411. Pis. 6d., leaving a balance in hand of
2,57 W. Os. 2d. The revenue account for the half-year ending
Jan. 4, 1851, showed that the receipts were 7,2161. 25., and
the expenditure 4,8681. 14.., leaving a balance of 2,3871.85.
THE COAL NiOVEMENT IY LIVEAPOOL.—The
pool .416i0n states that steady and zealous exertions are be-
ing made to consummate speedily and efficiently the pro-.
posed 112C1AUTCY for extending the export coal trade of
Liverpool. Plans for both low and high level apparatus,'
at either end of the great dock line, are resolved on.

THE PAPAL AOGRESSION.—Mr. Anderton ham just
given notice of his intention to move, at the neat Court of
Common Council, "that petition.; be presented to both
Houses of Parliament against the late aggreasion of the
Pope, and pre erring the .upremney of the Queen and pro-
tecting inviolate dm civil and religious liberty of her
subjects."