The Express.
London, England, 1851-08-30 00:00:00

ifin7-----rigbts of the eharebo.ders. In accordance with his
epiniou, stated at the last half.yearly meeting, the at- ,
Inchon of the Great Exhibition had seriously interfered
with their pleasure traffic, although the amount had
been larger than at the corresponding period of last
year. It was satisfactory to find that the expense of
carrying it had not increwed at all in the proportion which ,
bad been anticipated. la going through the accounts of
the locomotive expense+, he found that they would bear
comparison with those of other lines. The directors had!
oedalouily avoided squandering the money of the share-
holders in carrying people at a much less cost than was
suacient to pay the working ea pines. (Applause)
Me alluded to this in consequence of its having
been seated by • handbill circulated in the town
of Shefilekt that it was owing to the interference of this I
board that the Great Northern company had been obliged
to give up carrying pople for 51. to London and back. Mis
felt sore that the directors would not have hee
justified in seeing that competition going on, andl
afterwards being told by one of the competing
companies that because they carried mph so cheap
this company were not to have their oat proportion
of fares over their line. The Great Northern cornicing and
the Midland company had chosen to carry parsons to London
and back for ss. a head. The Great Northern carried those
persons ever a portion of this company's line. That was in
the month of J use. In the month of December previous
an arranionent had been made between the Great
Northern company and this company that a certain milt
age proportion should be paid to this company by the
Great Northern fur carrying pamengen over the line.
When they came to ialeadate whet was to be received, not
by full parliementery toll, as stated in the handbill, but by
the present rates of toil, it was found that this company
ought to receive 5.. lid. fur every passenger taken over.
Would the directors have been justified, as trustees of the
property of the shareholders, in standing by and not tell-
ing that company which was taking persons for Se., that
they bad nothing to do with this competition, it was
nothing to this company what the Great North-
ern ch to lois pa,wmgers for, but according to the
terms of the shrtentent with that company they ciaimed to
receive what ought to be paid. (Applauxe.l 1 his had been
converted into a state meat that this company had been the
cause of their keying off the carrying of .passengen at Ss.,
Mai ugh it appeased from a correspondence which had
taken place on the subject between Mr. Allimrt, this corn•
pang's manager, and Mr. Seymour Clarke, the Great
Northern Company's manager, that the competing com-
panies discentinoeil the pnetiee, having re knot their
daemons to Mr. Gmilstone. (Applause) Judging from
the traffic receipts of the 8 weeks from the list of July to
Aug. M laid, compared with those of the s.unc period last
year, and without taking into account any receipts from
the docks he believed the receipts nest half-year would
exceed 7,4110 f. per week. During the 8 weeks he had men.
timed last year this company received 50,71;6/. 19s. id., and
this year al,elBJ. St. 3)d. The ebairnian concluded by
moving the adoption of the report and accounts now pre.
Minted.
Mr. GREEN denied that the company had been ills
fer, art to the competition between the Midland arid Gnat
Northern Companies.
The report was agreed to, after some further discussion
no matter. of detail, unaainiously.
'llw CIIAIItMAN moved the payment of dividends ea
the guaranteed stuck, as recommended in the report, un the
fith of September. Ile also muted the forfeiture of shares
not paid up.
Both motions' were agreed to.
Mr. LEA DEAL, ef the Mejfiefd Inikpeadent, moved the
appropriauen of TU. towards a guarantee to enable the
corporation of shetfield to go to parliament for a bill to
improve a bridge and approach,* /WA/ the station, which
was carried.
This cuocludesl the burins**.

YORK, NEWCASTLE, AND BERWICK
RAILWAY.

The hair-yearly mating of this company was held
yesiterday at the Os Grey MWN, in the city of York. There
was only a limited attendance of shareholders. Mr. Las-
ass was in the chair.
lite registered hat of shareholders having been duly
sealed,
'I In: CHAIRMAN proceeded at once to move that the
report
..i4.1 which an abstract has appia red in our paper) he
admits by the shareholders. As regard' the passenger
traffic, this company had derived no advantage from toe
(treat Exhibition, and he contended there were ample
ftWw.lol why this should he the case with reference to rail-
ways at a remote distance from London. One of
tin se reasons was the competition for the London traffic
by steam-hunts, and another CIWISC was the absence of those
Weil excursion trips. which have hail to give place to the
greater novelty in brim. Ile attributed ;their increased
posenger traffic to other and more permanent causes. 'llse,
hail passed over some eight weeks of the current half-year,
and he observed that during that period events had occurred
which, in the MSit, must be injurious to railway interests
gentrally. Ile alluded to the competition of their southern
neighbours. %hitt& had reached a point so unwise that pass
scow re were taken from York to Lunar fur 13,, 11.1 c, and
6.. No doubt this had given a temporary increase to some
portions art their traffic. Ile meat al this subject tie-
cause complaints have been made that this company have
not made corresponding reductions in their fares. Now
• thinight it would have been telly to have adopted so un-
wise, and, if persevered in. so rui .... a policy. This cum-
pony hail faithfully carried out the arrangements with the
royal evinntionuncro, to afford every fair f wility for tho
truffle to the Oreat 1.1111ilalian; but he deneal they were
ealhal on to reduce their fares below a fair remuneration
to the proprietor'. (Hear, hear.) The chairman next
referred to the present system of charging the government
duty OW railway foxes. It would Ix• remembered that some
years ago government trains were established to be run at
Id. per mile, and in those recognised trains the pesseep•rs
went duty free. Now their faeilith, were so great that
wry other of their trains run at rites of Id. per mile and
rile?, yet these trains were charged with duty, including
the est-union train* fur the Exhibbton. The directors felt
this was a fitting opportunity for ntuving, with a view to
the remission of so unfair au impost. (Rear, hear.) There
was another measure on the part of the government which
the directors hail opposed, viz., the attempt to enable the
l'ostmtti.e authorities to send the PostAttfice officials, and,
by paying the usual fares, to carry the lost office th•spatchos
as ordinary luggage. At present this company was receiv-
ing some 10,0001, for this s.rvice, and conceived they were
11u,1,-rpaitl, considering the responsibility• but the measure so
introduced would have greatly curtailed that allowance.
lie was happy to say that this attempt had bet n
%retell. The chairman nest directed the atteution of the
taro tie; to the item of 10,0371. Ins, alluded to in the re.
port. OW account of had debts and allowance's. Of this sum,
13.0011. related to the mineral traitic' of which II,:5001. oc-
curred on transactional during the former direction, anti
3.500 . within the first 12 months of the present direction.
There were other items comprised in the gtoss sum, includ-
ing a sum of 3.2:4411, which hail been allowed to Mr. Ilud-
son. in ra sect of the working of the Newcastle and Carlisle
Railway —that sum having erroneously been formerly
carried to the credit of this company, when iu fact it ought
not to have been —as was &ebb d on a reference of this and
some other matters between Mr. Hudson and this company.
The chairman then discussed the question whether the
10,037/. 10s, should be deducted from the present halt' year's
ilao,ale, or whether, as suggested iu the report, a portion
only should be PO taken, and the residue spread over the
nest two years. This latter course the board strongly re
commends d, hut they hail no objection to any plan agreed
upon by the ousting. He concluded by moving that the
report be adopted.
Mr. PT LLEIN E seconded the motion, which was 0313,

red unanirmuslv.
ri. CHAIRMAN neat moved that a dividend at the
rate of 3 per cent. per annum be declared, payable on the
12th of Septembee neat.
'lke resolution was carried unanimously.
The CUAIItMAN neat moved that the directors be
authorised to enter into a contract fur the maintenance of
the permanent way for suet a length of time, and on such
term., as they think expedient, but after a Mier conversa-
tion he altered his resolution to the effect that the directors
he directed to obtain further information as to the expe-
diency of letting the maintenance of way, and to submit
the name to a special meeting of the shareholders, or to the
nest half-yearly wetting, at the discretion of the directors.
This resolution, a. amended, was carried unanimously.
'the CHAIRMAN neat moved a resolution, consenting
on behalf of this company, to the Great North of England
and Hartlepool Junction Company exercising the powers
111 their act for guaranteeing 41 per cent. to certain prefe-
rence shares which they purpuee to raise for the payment el
c ruin debts owing by them. Thi. resolution, It was es.
plained, would nut in any way affect the York, Newessile,
and Ilerwick Company ; but they being the Imams of tits
Hartlepool Railway, the art of parliament made their cow
sent neareserf. The rent paid for the line would continue
the same as heretofore.
Mr. RICHARDSON, solicitor of the company, ex-
plained the circumstances under which this resolution was
asked ; and after some remarks from Mr. Ulyn, the resolu-
tion was agreed to.
The thanks of the meeting having been voted to the chair-
man, the proceedings terminated.