The Express.
London, England, 1867-08-15 00:00:00

LONDON AND NORTH WESTRIIN.

The report of the directors, to be submitted to
the proprietors at the half-yearly general meeting, on the
73rd August, states :—The statement of the accounts for
the half-year ending 30th June, 1867, duly audited and
verified, presents the following results—Net proceeds of
the half-year's working, 917,8-Mf. 17a. sd. ; balance from
last account, 24,50 W. tie. 3d. ; disposable balanoe, 942,352/.
3a fid. ; which enables the directors to recommend a divi-
dend, at the rate of 5} per cent. per annum, on the ordi-
nary share capital, leaving a balance of 28,676/. 4s. Bd. to
be carried to the credit of next half-year. As compared
with the corresponding period of 1806, the amount re-
ceived fer passengers, goods, minerals, and rattle, the
number of pnesengera and tons of goods and minerals car-
ried, and of train miles run, have been as follows :

1867. 1866. Increase, Decrease.
Passenger, ,tc ,
receipts
Goode, mineral.
and cattle re-

ccipta~

11,758,200 .. £1,725,918 .. 1...?2,372

Total .... 113,034,702 1.3,013.04 £21,641

Paimengers No. 9,798,706 .. 9,72E1,101 .. 70,603
Goode and mine-

nh Tons 8,105,411 .. 7,861,503 .. 243,848
Mileage of pawn-
ger trains 3111 es 5,239,733 .. 6,176,940 .. M,787
Mileage of
and .1=

trains kilt; 5,677,900 .. 5,448,387 .. M 0,913
Since the last half•yearly report the mileage of the line
has been increased by the opening of two additional 'links
of the Central Wales Extension lines, namely, from
Builth Road to Garth, 51 miles on the 11th of March,
and thence to Llanwrtyd 5 miles on the 6th of May.
The result of the ings in parliament during the
present session, so proceedings
affect the company's in-
terests, has been satisfactory. The promoters of some of
the speculative lines, be whom powers had been obtained
in previous years, finding themselves unable to carry out
their undertakings, applied for extension of time, and for
other powers, but were refused. The directors trust that
this decision may be taken as an indication that the system
of sanctioning such schemes, which unwisely prevailed in
former seasions, will not receive the support of parliament
in future. The baiter the proposed new line from Buxton
to Sheffield was pcased by the House of Commons, but
before it reached the Lords, the Manchester, Sheffield, and
Lincolnshire Company offered, as a consideration for the
abandonment of the bill, the use of their line and stations
between Manchesterand Sheffield, with the risht to this cam-
pany to construct its own stations if found necessary here-
after. The terms proposed being such as to afford this com-
pany effectual access to the town of Sheffield the directors
accepted the offer, thereby avoiding a large expenditure of
money. The cleans inserted in the bills of this and the North
Staffordshire companies for a mutual exchange of running
powers have been sanctioned, and the agreement of Ist
September, 1860, with that company which was not
found to work satisfactorily, has been mutual consent
rescinded ; other arrangements being substituted, which
will, it is believed, be beneficial to both companies. The
decision of parliament in reference to the line to be con-
structed jointly with the Midland Company into the
Leicestershire coal field, is in accordance with the views
of this company, viz.—That each should bear half the
cost of constructing the line, and have the right of using
it free of toll. In the same set are included clauses
securing to this company running powers over portions
of the Midland Railway in that dlstnct and between Tam-
worth and Wichnor, and Burton and Derby. After a
protracted struggle in both houses of parliament
the bill for the amalgamation of the Midland and
Glasgow and South Western Railway Companies
was rejected by the committee of the Lords.
The two bills promoted by this company for various powers
and works, and also the bill for transferring the Fleet-
wood, Preston, and West Riding undertaking to this
company and the Lancashire and Yorkshire Company
jointly, have received the sanction of the legislature. The
bill for the line between Halifax and Huddersfield, pro-
moted jointly with the Midland Company, passed the
House of Commons, but in consequence of not having the
necessary sanction of a Wharncliffe meeting of that com-
pany, it could not be proceeded with in the House of '
Lords. The bill for rendering it compulsory on railway
companies to provide a means of communicating between
passenger and guard hes been withdrawn. The directors
consider that in any such bill some practicable and uniform
plan of communication should be prescribed for adoption byall
companies. The directorsrequest votesof the proprietors for
—Additional rolling stock, 70,0001. And for the following
new works, &o.:—Steam sheds at Crewe, Oldham, and
Spring's branch, 25,9501. ; extension of train telegraph
and signals, 2,9E2/. ; additions to steel and rail works, &c.,
at Crewe, 5,6)01. ; drainage and additional accommodation
at Liverpool and Edgehill, 7,7601. ; additional accommoda-
tion at Worsley, Birmingham, Widnes, niggle, Hudders-
field, Runcorn-gap, Kentish Town, Maiden-lane, Wolver-
ton, Rugby, Morley, Oldham, Heaton-lodge, Bletchley,
parkside, Manchester, Pinchlee-read, Camden, Cannock.
chase, Bliswixth. Madeley, Willesden, Abergavenny,
Brackley, Carnforth, Shap, and Calthwaite, 17069/. ; ad-
ditional lands at Ordain-lane, Runcorn. Wolverton,
' Wigan, Crewe, Liverpool, Bushey, and Mold, 11,934/. ;
total, 69,6631.