The Express.
London, England, 1850-08-27 00:00:00

CHESTER AND HOLYHEAD.

The report of the directors to be submitted at the half•
yearly meeting on Thursday next states that the bill
authorising this compd., to lease the it line to the London
and North Western Railway Company, or to make other
arrangements with that company for its working, had been
defeated in parliament, to the serious detriment of the com-
pany, and without a particle of benefit to the parties whose
opposition to the London and North Weston; Company led
them to strike at that body through the company. This re
suit le • matter of deep regret to the directors Their best
hopes of improving the position of the company were
founded on the possibility of econb:nine its interests with
those of the London and North Western Company and of
rendering it safe and profitable for that pewerfa b xly to
aid in r•atriestiast the company from its embarrassment..
Nor is this the only disappointment which the directors
have experienced. They urged upon the Chancellor of the
Rzelieguer their claim to temporary aid from the publie
puree, en the ground— first, that the contract for the
mail' having bees granted to the company before it broke
ground In its work., for the avowed reason that
the trifle was inuelleient in itself to afford recom-
poses doe so great an undertaking, the late in that
',vest resulting from the visitation which had desolated Ire-
land ought not to be thrown exclusively on the company
without any contribution from the government, so greatly
benefited by the opening of such an Important line of cant
mutat:talon ; and, secondly, that the peremptory requisition
of the Admiralty, batted by a parliamentary committee. in
regard to the mode of crossing the Menai Swaim, having im-
posed en the company an additional and unl tok•d-for en
pane of nearly half a million sterling, it was 'gettable that
the koverament, thus rate. d from all share of the eat,
Heald afford Come &winsome, by way of a loan, to enable the
esespeny to complete its woe ks, in order to its reimbursement.
The ally caseation raid* to the oomyeity has been the

llstia the hands of a single party.Thi last tube-of the Brie
mania-bridge has been reload to its intended plea; and this
direstors hope that that wonderful structure will be filially
completed during the month of October nest. The e et:
premeds of the revalue have been applied towards the pay-
ment of the half-yeat's interest on debeebares due on the •
10th of July lit, which amounted to 24,6491., leaving sr.
belanore of 8,5211. chargeable against the earnings of the aur-
eola half year. The gross train* of the six months has
a turn of 33,3.521., contrasted with 31,9831. earned
End re
the Demo period of 1849. The directors have now so
t'.l9 system of managing the steamboats that they
heeefieed reams to expect that, taking into account the
ailliadh of thews vessels, meant the express trains to which
VZep.it 'Relatively atteished, cad which would he toeless.
O,ut them, the will more than counterbalance
the 'J.:penalises. illesskire are of opinion that it will •
be 'expodient that UM Rempony should become the insurer of
It. own meambealk me*, sate a certain sum annually to •
h'iveB7
Bff tlw
_lMak ef been. TM' nasals of sulk due now =sant
' ,e.
The ?VW er illir.etopliemseet,the eilgteser, Mem lima.
the whiole of the tibiaof the Britannia-bridle" are now
safely deposited in their final positions. Nothing now m-
ask. to be done but to complete the janctions between those
comgosing the second hue. A foresight will finish the
1 anstions in the Atritannirtower ; three weeks more will
emeglete the junction with the Carnarvon small tube ; and
by the end of October he had no doubt all the remaining
peeparattoos for the opening of the moond line would be
•brought to a satisfactory conclusion.
The capital eeenunt, from the formation of the company to
'the 30th June, 8460, showed a total of 3,909,8061. 6s. 10d. ;
of which a lsgance remained,—by each, 7,6401. 51. 51. ; by
Been at intersetes,Bool. ; total, 13,2401 6e. 64. The us
amount on the debtor's side showed a aril of 61,48'1. 6e.
104., out "(which a baleen. of 21,8431 15e. 41. rem tined in
favour of themilway. The expenses of the !team boats were
9,9051. 125.'84., while the receipts were only 4,0591. 16.. 2d.
There wortbssefore a balance of 5,8161. le. 6.1. against the
steam hoses, which reduced the general balance to.
16,0271. 181.'10d.

;IZ AST INDIAN RAILWAY.
Theeepart of the directors to be submitted to the
proprietors at the half.yearly meeting on Thursday next,
states that Mr. S.ophenson. the managing director, and Mr.
George Turnbull, the resident engineer-in.ebief, embarked
fur India on. the 20th of March las!, arriving at Calcutta the
latter end of April. The directors have received • very
interesting. report from Mr. Turnbull. as to the line of rail-
way whicti,ic his opinion, should be first constructed. The
board tandem:and that the government engineer has also
made &ropers to the government of India on the same subject,
and that thweriewe of this officer and of Mr. Turnbull upon
all esseatial matters are in perfect harmony. The repute of
the government engineer has been forwarded by the legisla-
tive eorneileef India to his excellency the governor -general
for sanction. In the meantime, Mr. Stephenson his
received, through his excellency's secretary, " his lordship's
assuranom that his hest and constant attention will
be given to the undertaking, and that he entertains an
anxious desire to facilitate by every mesas at his command
the operations-of the East Indian Railway Company, end
to secure the encoessful conduct of an enterprise in which
both the permanent and the shareholders have so great an
interest.' The statements which have appeared in some
portion of theladien pre, and thence copied into the home
journals, announcing the abandonment of the undertaking,
are totally mine. The directors think it right to correct a ULF
apprehension which has been industriously circulated, to the
effect" thatthecapital of the company is limited to 1,000,000/.
.aterling; and that, in co...sequence of such limitation, and
at certain proposed details of construction, the experimental
true to be laid dors by this company must terminate at such
a point as to peavent its being remunerative." The line
knot to be made is to be &fair experiment, and is to be carried
Manch a desirabk point as, in the opinion of the govern-
meat of India, will render it sure of being so. If the
million of capital be insufficient for this °biter,
new capital is to be raised under the guarantee of
the East India Company on precisely similar terms as
the original capital. Upon arigaiei has from Mr. Turnbull
the boned, with the sanction of the Bast India Company,
have seat out by the steamer of the 20th of the present
month three additional engineers, and have authorised
the appointment of a fourth on the spot. The services
of these gentlemen win therefore be available at the tum-
mencement of the ensuing cold season in India. The board
adopt this medium of acknowledging and communicating to
the shareholder, the liberality of the Peninsular and Oriental
S AM Navigation Company, in reducing the passage-money
of the engineers and others who have proceeded to India in
the strike of the company. The interest guaranteed by the
East India Company is now ItClUilla upon the sum of
3.54,501/, being the amount paid into the treasury in London
op to the 30th of June last, and upon 2 4241, the amount
paid into the government treasury at Madras.

BOLTON, BLACKBURN, CLITHEROE, AND West
Yoetasttse RALLWAY.—The seventh half-yearly report, to
be read to the meeting at Blackburn on Thursday next,
refers with satisfaction to the opening of a single line of rail
from Blackburn t 3 Clitheroe and Chatham. The number
of passengers on it is daily increasing, and the directors
aye no doubt that when proper ...rehouses and sidings are
completed, and the merchandise, cattle, and mineral traffic)
properly developed, the receipt. will realise their fullest anti-
cipations. They complain of the obstacles interposed ley the
But Lancashire Railway C =party to the passage of the
traffic over a yortion of their line, demanding a six male toll
for less than thret-guarters of a mile. The matter hal been
referred to the Commix sinners of Railways, whose decision is
daily expected. The agreement between this company and
the Lancashire and Yorkshire has been ratified, and on the
let April the latter took possession of the stock of the c.m-
pany eta valuation of 30,0001., and commenced working the
traffic, which it is believed will be conducted in a sttiefactory
manner. The report of Mr. Flanagan, the engineer and
general manager, staqa that there has been an excess of ex-
pmaiture amounting to alwut 1,1001. as compared with tho
previous hall-year, whilst the receipt. have fallen off 2311.,
being 11,2271 as against 11,4441. At present, with all the
impediments offend, and the incomplete s ate of the tidings,
the railway company is carrying about 1,200 tons per week
of minerals over the line between Blackburn and Clitheroe ;
and the increased rates now adopted between Livirpoal,
Over Duwen, Blackburn and (linkman will no doubt ma-
terially improve the receipt. of this company. There will
be no difficulty in closing the capital account nest year if
advisable. The eipital account shows receipt. up to the
30th of June, 18.50, of 921,0521, making a total, with
amounts due, of 1,003,1151. I'ne expenditure up to the same
period has been 958.9101, leaving a balance of 31,23;1.
The receipts of the half-year have been 11,0771 ; and the
expenditure, 7,0571., giving a balance of 4,0201. in far nu of
the company.

CORNWALL RAILWAY.—The half-yearly mtetir
of the proprietors of this company was appointed to Übe
place on Saturday last, in the CJuncil Chamber of the Town
Hall, Truro, but a sufficient number of shareholders did not
attend to constitute a meeting, consequently it stood ad-
journed sine die. The directors will issue no report. The
etatement of accounts shows that during the hsif•yeu
7281. 14.. 101. had been received and 74,1. 18s. 241. ox-
Flooded. The total received frutn the 041111211111ClUellt of the
undertaking had been 193,587/. 14r. 10J., of whi •h sum
197,6371. 2s. Bd. had been exper.ded, lcaviag a balaueo iu
hand on the 30. h of Jana last of 9491. 12'. 21.

SHREWSBURY AND HEREFORD RAILWAT.—At a
meeting of deputati from several local cussinittika in
Herefordshire, just held at Leominster, to promote the
raising of the tanker capital of 26.0001., for the eempleios
of this line, Mr. Ormsby Clore, M P., the chairman of the
committee, said that to do this it would require 2,800 ow*
shares to be taken, but the third call •yould not be mend,
and that then were only 769 shares unpaid upon.
LONDON AND GREENWICH RAILWAY.—The di-
reetan notify that they intend to pay off and discharge the
mortna4e of bond securities granted by the company, nr-d
that the intrrest thereon will cease unless the holders can.
sent to accept four instead of five per cent.

YORK, 111RWCASTLI, AND BERWICK.—II appears
the directors of this company have made arrangements to
accommodate the shareholders and their friends on the occa-
sion of opening the central railway station at N. %castle,
and the bridge over the Tweed at Stew& k on Thursday
next. A special train yid les,. York for Berwick at eve**
o'clock in the morning, calling at the principal statioa3
Ilinaft the line, and will lea, • Barwick at firs p m. fur York.
The shareholders and their friends who wish it may gm to
Berwick or Newcastle by any of the trains the day before
the opening, and return on Friday, the day after, The
shareholders will be allowed to travel tree, and to take their
friends with them on payment for each friend from York to
Newcastle, Ile. 61. Ant dare.. and 10s. 'lrma clue ; and
from York so Berwick, 20.. first clue, and 17.. second class,
and in the same pro, melon for intermediate distances. It
is expected that her Majesty this Queen sad Prince Albert
will be present at the opening on Thursday while proceeding
on their route to Scotland.
CANADIAN ItAILWAYS.—A general movement is
being made is Canada for the construction of railways fa
the prerinees, and meetings of the inhabitants hare been
held for the promotion of a railway from Lake St. Louis to
Provence; for meeker Irons the Beate of Maine Mt the lower
Britian provisos; and Win Halifax to St. John and
Bogor.

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