The Express.
London, England, 1853-02-15 00:00:00

THE BIPRESS, TUESDAY EVENING, FEBRUARY 15, 1853.

*LORI, NEWCASTLE; AND
WAY.

The following are the most important portions of
the directors' report, to be presented at the half-yearly
general meeting on Friday neat. Having given the until
comparative statements of treat, the duecton proceed as
follows: _ . -

It ill be seen Gem these returns that in the passenger
department there ►as been as ingress* in each time of the
numbers conveyed, hut a UMW" in the amount of money
received, showing that the local trifle continues to im-
prove, while the through trifle has been lees than it was
daring the year of the Exhibition. The passenger wale
has also to some extant been affected by the competition of
the Leeds Northern Company. notwithstanding which, if it
be compared with the corresponding half-year of 1850, it
will be found on the whole to have increased both in num-
bers and value. Both the merchandise and the cattle traffic
continue to show a steady increase.
" In the coal trade the directors have pursued the policy
indicated in their report to the last general meeting, and
the result has been an extension of the trade, and a sight
improvement in the revenue.
"Oa the whole, it is satisfactory that notwithstanding
the inereesed receipt in the corresponding half-year of 1861,
arising from the Exhibition train; and the lose sustained in
that of the present half-year, by the competition of the
Leeds Northern line, the company's is larger than
it was in the former period by 2,4681.2 a.
" In cone assns of the increase in the merchandise and
cattle tragic, and in the tonnage of coals carried for ship-
ment, and also with the view of providing for traffic on the
Pensher and Melton branches, the directors have found it
necessary, since the beginning of this year, to Greer an ad-
ditional supply of 600 chaldron en& waggons, and 600 met-
chandim and cattle waggons. Notwithstanding the extra-
ordinary wetness of the season, the permanent way has been
kept in goon order, and the trains have been run without
miasmal delay or injury to passengers. The rolling stock
has also been maintained in perfect *Below : two od
engines of an inferior construction have be►n replaced by
' new ones of the beet description ; two more were eontracted
foe in the esti, poet of t►e btif-year, and though they have
not yet been &Weaved, the full cost, amounting to 4,2001.,
• is charged is the pement revenue account.
" Ai/anaemia was made several years ago to en-
' franchise arm periess of the property held misuse from
• the Musa owl aspew siDurltam ; and it was expected that
I the entrenehkeenme wassid be calculated as from the date

of the agreement, WNW being paid on the amount of the
saframehimeat. Oa brining this negotiation to • con-
Miss, it was hand ONSIIIIII7, before fixing the amount to
Is odd for sahateslieseamat, that all the lessee should be
Oat mewl up te the par 1850; which has bean done,
mad a mhe el 4,9001. has lima paid accordingly. Act=
Ms set& possibly have been considered as fairly
alb whim capital, because the amount for the caftan-
eidemeat wilt be reduced to the same extent, but the &reo
tern have decided on playing the whole to the revenue
moves(
• Dining the mass of the hat few pen the price of old
Nib Ms been se low that year armors declined to sell
wpm, that • °Ameliorable wrathy accumulated. When
Ibms mile were taw op mod pissed in sack, they were
ensillsi to the names mesas( at the rate of only from
31.6. M Si. 10s. M. The directors have, during the
lest belf-year, sold, Moab they have not yet delivered, the
whim el the stook they had on hand at 41. 18.. 8d... per toes :
Mee uppers in coaseguseme a balsam to the credit of the
PPM) of 4,1141. Ile. Ild. slowly helmaglag 69 semater.
Them two hew appear, thereden, in the reemee marest,
but distinguished him the ordinary items of receipt and
penditure.
" The 0.11.1. !Mims, sharelsoidees lave availed them-
selves, to • essmidesehle cutout, of the optima they pewee of
rig.= bee datedcells to 's:l=2ft of th asaee IParcht:
Mean; ami the maw of the gnmeenteed dividend hes
been propertimathlg heramed. The views of the &vents
on the maim Mimi emassmarily arises out of the state
et this meemiat, am iletelled in • letter to the auditors, '
whieaku=sted
of alms with this report, sad to which
the the sheseheiden is specially invited. •
" The rename of the empay for the half-year amounts
to _ 403,5591. Oa. the working expenses ko
165,ML 19a. 44., Mhos • profit of 268,6301. 60. lid.
Whoa the peibmeaelel Magee, 139,0991. la. Bd., are pro-
'lied he, time will wane • balance of 119,4311. be. 34.,
and after istisesti to Ramat the extreordinery items
daily applimalie to the hell-year, there appears a dis I
balance of 106,1281. 12s. ld., oat of which the directZZ
commend that a dividend at the rate of three per cent. IP
mum be now declared, leaving a balance of 12,4801. Bs. IIL
to be tarried forward to the credit of the next half ear.'
The weeks as the Pentair, sad Think and Maltea
breathes, were saintly stopped by the wet during part of
the autumn sad winter, but they have been resumed, sad
the former ltse been opened for coal traMe, though as yet
to • very small extent.
" A company has been formed for making a railway
from Bedale to Leyburn, and your directors have *greed to
recommend that in ease this extension be proceeded with,
the unfinished portion of the line between jpeming Lane
end Hedge, a distance of about a mile tat a quarter,
should be completed. As a large part of the land has been
already paid for, the coat of this will be about 6,0001.
" The directors who retire at this meeting are Mr.
Landman and Mr. Leeman; the retiring auditor is Mr.
Maude.
" The important sulgect of the amalgamation of this com-
pany with the York and North Midland and Leeds Northern
Companies was filly considered at the special meeting
of this °nappy, held ea the 2nd of November last, and
was sanctioned by the shareholders on the terms then
submitted to tom, the most important of which was
that the per °setae of the 'union of the united companies
to be allotted to the Leeds Northern shareholders should
commas' at 7 par neat., and be gradually increased to
91 per seat. These rates of per tentage were rejected by
the Leeds Northern Compaq who required that their
share of the earnings should be 8 per cont. in the fast
year, and 9is the second, sad 10 in the third and alba-
sent pets, and it was to madder this alteration that the
directors gave ashes for the special maim to be held im-
mediately after the °RUM of the ordinary general
meeting. This cheese of terms produced lengthened nese-
bebop between the repronstathres of the several com-
mie*, whisk resulted is your directors consenting to re-
comma that yea Mold accept the increased rate in
pretenses to the whole arnageinent being broken off.
A dilemmas of Maks however still continues to exist
between the prim Mew of shareholders in the Leeds
Northern Company, as to the adjustment of their respec-
tive mid it wffl be mammary that such difference be
sad all shames of proprietors be united in sup-
port OM halm it can be taken into committee."
" J•mss P 171.4.11242, Chairman.
"Newcastle, February Bth, 1853."

TWO ACCIDENTS ON THE GREAT

NORTHERN RAILWAY.

An incident of a @Brion' character, and attended
with considerable destruction of property, occurred on the
Great Northern railway on Thursday afternoon last. The
scene of the disaster wee at Offord station, about midway
between Huntingdon and Bt. Nuns. It appears that,
between three and four o'clock in the afternoon, a train of
ballast waggons was issuing from a aiding near the station
at the moment when a train of goods vans and empty coal
waggons was approaching in the opposite direction. Whether
the signals were properly exhibited or not remains to be
ascertained ; bat though it was broad clear daylight at the
time, the two engines continued to advance towards each
ether, and in a few moments came into collision with • ire-
, =madmen crash. Both engines were forced up on end, end the
driver of the goods train, John Rigby, fell under hie engine,
apparently killed on the spot. The driver and stoker of the
other train jumped off jest before the collision took place, and
semped with very little injury beyond a shock. They suc-
ceeded in genies Rigby from leader the engine, and found
him alive, but pea* Injured, especially about the right
leg and 4, were dreadfully crushed and mutilated.
He was at OM removed to the station, as •
place of asesmmoiethm. and subeequeatly resantlattoirriZ
home at PeterbeemigL The vans and waspans et the two
Isaias were all moo et Mr injared, and some althea were
litmany mashed to Mum The iieorie peemated the ap-
=e en imam ham of weed, Mews, and rubbish,
Wit of which clouds of storm esessied from the
Ares and basis el the engines. The two Was of rails, up
and down. were Men up for • abase of several
yards, eel is sub • manner that It was evident
some time most elms, before either the up or down
line moil be opened for traffic. Intelligence of the
disaster was at 11•10 forwarded to Huntington station,
whines a isemmemleadia was made to the central offices in
London, and • Ilia wiehatea and platelayers were im-
mediately desistelood to the place. The firstu
train which arrived was the down train, whictlatee:
London at two o'clock, and arrives at Huntingdon at 4.6
p.m. It was stopped at St. Neot's, as was also the train
which leaves London at d p.m., and both were delayed there
until 10 p.m., at which hour a temporary passage was made
on the down line, and the trains were forwarded, one after
another, to the north. The loss the company will sustain
from the destruction of property by this accident is esti-
mated at • very heavy amount.
In the foregoing account, it is stated that the two
trains from London, which were delayed at St. Neota
until 10 p.m., in consequent* of the km being blocked
up, were dispatched at that how to the north. The
train which leaves London at 2 p.m. (No. 9 down train in
the company's tables), was sent oft first, but being a slow
train, and calling at most of the stations, it was overtaken
at Newark, at 12.26 Friday morning, by the train which
leaves London at 6 p.m. (No. 11), and was shunted into a
siding to allow the quick train to pass on before it. This
train had got as far as Carlton station, about 0 miles north of
Newark, when the tire of one of the might/ wheels broke,
casting off two pieces of the metal, each between 2 and 3 feet
long. Fortunately the train was brought to a stand-still
without any injury to the passenger. or persons in charge of
it; but considerable delay took place in consequence of one
of the men having to walk back to Newark for assistance.
A pilot engine was soon afterwards despatched from that
station, and an effort was made to get the engine beak
to it; bat in consequence of the fracture having occurred
to one of the driving wheels, which in these engines are
plated behind two small leading wheels, it would not run
the reverse way, and the pilot actually dragged it off the
line. At this time the other train (No. 9) came up, the en-
gine of which was detached and shunted on the down line,
where all the passenger carriages of the two trains were
hooked on to it, and the combined train left Carlton at
4.10 a.m., and arrived at Doncaster at 6.30.

SOUTH EASTERN RAILWAY.—Gross traffic receipts
for the week ending Feb. 12, 1853,10,8271.195. Ild.; ditto,
Yob. 14,1862, lassara• is 1863,1,0081 lbs. Mkt.