The Express.
London, England, 1849-07-31 00:00:00

EAST LANCASHIRE.

May-yearly Meeting. —13 u, y, July 30. Mr. JOUN
GRUNDY in the chair.—The rs.p,,rt meted : •

"Tar working expenses fo: the hilt-year are 391 per cent.
upon the net receipts, sgaiect 43 per cent. for the previons
half year.—The directors have olnerv-al with eatidaction a
stem:), mi nr. in the traffic reesipis. which have in-
creased from an average of 371. 80. 9d. per mile par week
during the half-year ending Doc. 1848, is 401. 8e per mile per
we k k y the past hell-year.—The Lot disposable ha-
' lanee-36,7831. 15e. '2el.—a.ter the perFmet.t of divi-
dend on preference share% will be carried to the
reserve el fond, a. heretofore. This ,wn mei san average profit
of 231.22.91. a mile upon Cue average mileage open,while the
former half-year shoo. 19/. lid. per mile. The working
stock, since the opening of she Ormekirk line, has been found
insufficient for the wants of the cowpony ; hence arises the
heavy charge for drummer daring the half-year. The tie-
rectors were unwilling mat... Tinily to increase the 'trek, until
the nettle arising upon the newly opene I portions of the
line should iodinate the extent to which this should he done,
snd the th scription of plant roost r. guisite. The required
increase is now being made with every potent's despatch.
The director., with a view to meeting any d preeidion of
stock, b-yi.nd ordinary repairs, propose to lay aside in Isture
from the Oct engines of •he tollsearli 104
an am runt as shill he fully adequate 4. r this purpose.
As was announ ed in the 'ast re putt, it is itrended that, as
the, railway is now virtually coripleted, the payment in-
terest out of capital shall he mailer erase. Dividend will air-
cording's., for the future, he naid out of the proceeds of the
line. The rates for the relies of t e poor form a heavy tax
upon the reelipte ; but the d rectors cut:rtain the hope that
the elmbin,d efforts of railway eempeni• e will eventually
result in parliament sanctioning a more equitable mode at
assesamrut. in the meantim.., areal. have been m: de by
the company against the assessments in the veer ue town-
ships through which the line peter a ; sr.d in the eases hitherto
derided, a considerable reduction has been effected.
The works en the Tithe Barn street extension, in Liverpool,
are now in course of cantruclon by the Irsncashira and
Yorkshire Ccm.mny ; and sheedy • large amount has hoes
expended in the purchase of the required property. TOW
comp toy c .ntribute, ace-hall of the ens', es In the ease of
the priest line to the baraugle geol. Tee Tittle Barn-street
ext. n ion is a cAttinuatian of the joint line, arid will afford
station arcatrunodation in the immediate vielniry of the
Liverpool Eschnige. The directors have satisfaction fa
annouidino to the shareholders, that the application to par-
liament this s.osion ha. rest ted iu securing to the, co.npany
he power of appointing their own mounts at the Preston
station, and one-third of toe members of a joint committee of
nine fur the guard manigensant and control of the ration.
The ether six m•coliers of the enentnirtee ore to
be appointed by the London and North-W. r ern and
Lancashire and Yorkshire Comma'. e in ego's' prop. rams.
The Lancaster Carrel sad Lancaster and Preston Railway
has. ree ntly heeime the properl of the Lemmatise and Car-
lisle Railway Company; end, ti 'Were, cs all hope of m-
ewing the-c imperant feeders to your line is at en end, it
will become neeeienry, at a fitting opportunity, to dive's of
the sheers purvh-si din those uudartskings. Tho directors
do not anticipate much leas from the transacti, n, at, if the
shares were a .Id at the present market price., the lou to the
company will nest exceed the sumo) 6.027/. The arrears tf
calls in the general statement of the capital account, amount-
ing to 68,2801. 10,1., appear wonowled. large. The din cern
have used their best endeavours to effect a reduction of the
amount, without having re-c rune to compulsory measures;
they have, however, cashiered it necessary to serve notice
of forfeiture upon attain of the shareholders ; and a mu-
lution, corfirming such forfeiture, will he submitted to the
extraordinary meeting to be held this day. The arrests of
calls attaching to the shares proposed to be forfeited, amount
to 20,6581 10. , which, added to the sum of 18,6461, re-
ceived since the 30th June, will reduce the arrears to the
nett sum of 18.9771."
The CHAIRMAN moved the adoption of the report and
accounts, which was agreed to unanimously. The Chairman
next moved a dividend at the rate of five per cent. per
annum for the half year upon the quarter shares created on
the 30th July, 1847, and 0, six per e• nt. en the preference
shares coat, d M.y, 1818. The motion was carried.
Th. meeting was then occupied until four o'clock in dis-
guising the queieion of Sunday travelling, a portion of the
directors being against cheap travelling on a Sunday.
On the mourn of Mr. FAUST it was agreed that tite com-
pany should run cheap tripe, regal:toil to times not later
than leis-past nine in the morning, and not earlier than five
in the e miog
A motion was next pmposed appointing auditors, but it
was not carried when our report left.

FATAL AFFRAY WITH A SLAVER. the
Mazer, which arrived at Portsmouth yes'erelay, brinus a re-
port, pick. d up at Sierra Leone, that the Inns of 11. M S.
Alert had been engorged with a sheer, and that one lieute-
nant and five men were ki led.

.-•- --
MELANCHOLY DF.ATII.—An inquest wee held a
few aims ego at Devonport on the body of a young man
named Scantlehury, late a blacksmith in her Majesty s
dockyard, which war found on the mud Pear the Ssltash-
road. It appeared that the d. ceased and a companion,
named Wonky, had been dr;nking at the Mileehoune inn,
duel• g the latter part of the day, and had left thee place in
company with two females, at about six o'clock. Ti es, then
proceeded to the Camel's Head, when they had swami:leg
more to drink, and the de ceased fll asleep. He WU at
length aroused by his friends, and they all left the house on
their way, to Norio. Town, a abort time before nine o'clock.
Demas d «gain returned t the inn to get some cigars, and
havirg jrned his friends, they all welted on as far se the
fleet turf pike sate, when &tensed went down to the water-
side for the purorno of hashing. He called to Woraley to
come down and bathe with him. Wortlry at length went
down, and having undressed thensulv 6, they went into the
water, and proceeded at once (Soantlehury leading the gray)
to go thy .ugh the naafi archway landaus under the ro.d.
The tide was ebbing at the time, which cues ed a great rash
of water through the arch Worsley, p rceiving the cianger
of their situation, sucree led, with same difficulty, in
tracing his steps; hut the deceased had advanced too far,
and was carried through the archway (which is only shout
three feet wide, and between thirty and f arty lone), and
thus lost his life. The jo-y returned a verdict "That the
deceased was drowned anti tenuity, by some means unknown
to the jury "—Detronoorf Indepenakr.t.
EDINI3URGIT.—KNoE's H0t7q,..-011DER FOR
Dustottrtox —The following interlocutor wss pronounced
by the D an of Guild on Thursday 2ft•h July, 1819
Having resumed consideration of this case, with the reclaim..
ing poi lens, Noe. 7 and 8 of process, with the answers
thereto, refers the desire thereof, and adheres to the in-
terlocutor reclaimed against : further ordrns the defenders
forthwith to take down and remove all those routs of the
tenement comp'sined of, spa, ified in the report of 31st
May lest, as being insecure, ruinous, and dangerous to the
Inhabitants and other pewit s therein ; finds •he defenders in
expenses and decerna.—Gro. WILSON, D.G."—G largo.
Daily Mail.
ACCIDENT BY FIRE ON THE EDINBURGH AND
NORTHERN NA (LWAT —While the goods slain belonging
to the Edinburgh and Northern Railway Company was pro.
seeding from Ferry P rt-on• Craig to the south on Thursday
forenoon last week, and while alma' immediately opp,vite
the farm of Preston Hall, a short distance ear'. from the
Caper st,tion, it WWI di covered that a portion of the train
I was in flames. This was two trucks of tow, which were
nest to the engine. The train was ropped with all possible
le deri:y, and the mu in charge of the engine had the two
horning trucks separated from the others; and, leaving the
'latter in charge with the guard, conveyed the burning
seeks to the station at Cupar. On arriving there the
flames were v-ry to n subdued. The line was eau got clear
Wine the One vol,. d for any of the passenger trains
heleg due. The damage sustained was not very consider-
! able, some three tons of the materi I only being Minted, and
a part of r•ce to eks in which the tow was wrapped de-
stroyed.—blit.6urgli Earning Courant.