The Express.
London, England, 1850-08-20 00:00:00

etHREEPENCE.

MIDLAND.

The directors' statement of the accounts of this rail-
way, for the hair-year ending 30th June, 1860, wee on
ifatarday WWI to the proprietor,.
Their true receipts, iLetuding rents, balance of interest,
and transfer f.rs, amount, for the six months eating 30th
June, to 657,4611. 17s. 91. The expenditure, for the owns
period, including interest on loan, sad ieterest payable to
the Midland 60!. shareholders, amounts to 609,444!. Ba. 6d..
ehlct, deduet,l from the amount of receipts, leaves a
bal ince of 48,0101 9s- 31. for the half-year. To this must be
added the surplus that wu left on the 31st December last,
after reptant o• dividend, viz , 11,5021 19.. 71., which will
give a net disposable balsam of 69,5131. Bt. 101. for division
among the prclitietora Tut dividend proposed to Ili paid
amounts to 68 6391. 5i.114 f

.- - •
0,334,4051. ISa, Consolidated Stock, at Us. per amt. E ad.
per annum, or in.. for the bal.-year
9:3,5331.91 , Birmingham and Derby litoek, at 40. 6d
pay cent. per annum
103,0001., Pzewash-ealley 001. share!, at 61. per cent
par annum 4,130 0 0
0.5.0010.. Midland Preference 0w...a, at 61. per cent. per _ _

750 0 0

g 511,6119 3 11
Which. deducted from the net revenue, 69,5131 81. 101.
leaves 8741 2s. Ild. to b. curia forward to the neat hall-
year, as staied.
The accounts show that the company have debited all
their preferential chirps to revenue, and that they have set
aside 10.0001. for the halt-year towards the fund for the re-
newal of the permanent wf y, which now shows • balance in
their favour, available, of 24.6571. 9a. 61.
By the unitsl account, it appears that 1.5,438,8401 12s. 6d.
has been eaper,ded up to the 30:h of June, including
140,3391. Gt. I Id. xpended between the 31,t D.cember last
sad that date. Toe total receipts from shares and loans, up
to the nib Winne. meant m 44,817,8121. 9s. 101., leaving
a balance of 141,2281 2i. 61. against the company, which
will be absorbed by the proceeds of the cell on the 501. shares
jolt made. The grow amount the company bar. viill power
to call from the proprietors is stated at 1,611,7011. 8.. 10d.
The boodrel debt appears to have inereased durirg the half-
, year by the sum of 25,137 f., while 116.6001. of the loan notes,
have been ;slid off, the weeds of the borrowed capital now
amonnioe to 3.416,3161.
The half.yearly mee:ir g is to be held at Derby on the 23rd
instant, which is also to be made • 'pedal one, for the pur-
-1 pose of "taking the opinim of the shareholders upon the
assumed liabilities of the eanplay for any expenditure in-
curred by the I,,ede and Bradford Company ; also for the
assumed hail 1:y of th, company as to the debenture debt
of tA! Leeds an.. Bradford Company ; alto as to the maimed
general habdi y of the company to pay a certain annual
reut to the Leeds and Brad urd Iteilway Commie., ; and also
in respect t t all the circumstances which brought tib tut the
engagement between the Miiland Railway Company and the
South Midland Railway Company."
The number of mica worked by the Midland Railway
Company is now 5184, and the cost or working cock and
machinery 3,fiuld. per mile, being 251. per mile less than last
half-year.

ROY3TON AND HITCHEN.
The ninth hair yearly me sties of this company was bold
yesterday, at the offices of the Greet Northern Company, in
Meorgate•treet. Mr. Wihhire took tee chair. Tne following
report was read to the mewing eAt the lest mue.irg the
directors stated that they had every reasonable expectation
of obtaining tee railway commiesiosers' certifilmte by the
end or the month of Match. To retitle the company to that
certifizate it was neeeessre m prove to the latisfac ion of the
commiesioncrs, net only that one half of the capital had been
celled up, but that it had been expended under the provi-
sions ot the emptier' acts. The seminary emu meat wee
sent in be your directors on the 15th of March last ; and, as
the eciaaleireion,rs raised uo question as to its accuracy, the
directors antic pored the d- every of the certificate at or
about the time adverted to at the last meeting. They
ripe; however, that, ueiag to some cause over which they
had no control, the certiii:ate was only received on 10tu May,
eines which date every elf ..et his been made to obtain the ex-
(cation of the leau by the Great Northern Railway Company.
A necessary preliminary is the execution of the lease w s
conceived to be the examination of the accounts of this com-
pany; but, owing to the *managements of the accountant of
the Great Northern Coo pang, this examination has not yet
taken place. With a view however, of obviating any
furteer delay is the execution of the lease, the directors
made arroteements with the Great Northern Co.npany that
the lease should be executed, leaving the accounts to be sub-
sequently exarethed ; and accordingly the document has
been prepared and settled by the solicitors of both eon-
panim, has received the teal of this company, and will beer.
changed for the duplicate bearing the seal of the Great
Neithern Company so soon as it is axed, which your
directors hefted will be at thole. next board meeting, to be
held on Monday-, tke 26th ins'. The rent will commence as
from the let of August that., and will be parable half-
yearly, on the Ist of February and Ist of August in every
year. With reord to the Shepreth extension, the director.
ace happy to in orm the proprietors that they have entered
into a contract with Mr. Brune for the execution of the
works at the remarkaely low sum of 17,2171., being leo
than 3.5001. par mile; that a great portion of the
land his bren puthhased, aid the rails end choirs
no: only come teted ter but to a great extent suppled ; and
it is anticipated that the company will be in a position to
apply for the railway c tunli.moners' certificate to enable the
company to lease that oettepien to the Great Northern
Company about the month of Match next, and there is no
reason to doubt but that the execution of the lease will
follow close ou the receipt of the certificate. The
members of the beard who retire in accordance with
the provisions of the act, regulatirg the company,
and who are 'head.- for re.election, are Lord
Doerr, W. Wilehere, E q., J ien Chevalier Cabbold,
Esc; , M.F., Captain Laws, lt N. Francis Parker, and Fran-
cis Plen, Eels. Tree interest warrents fur the year's intotest
due the lben July lest are in course of preparat on, and will
be lute don the 20th August. The directors have to recom-
mend the confirmation act the Wei ors of thirty shares, on
welch cella are is urea for two mantes and upwards. The
numesn are as follow., 671 t 3 680, 9,8)1 to 9,620. The
general balance abut up to lb- 18th of July last, 'hewed the
following resales:—receipts, 165,5311. 4s. expenditure,
154,8,521. 10e. 71.; total, 10,6781. lee 64. Since the 6th
of July the receipts had been 17,5131. 21. 63., oat
of which a balance remained of 13,0261. 4a. 10d.
A eievereation then took ;dace in respect to the expense of
keeping up the company, in the e'..11110 of which Mr. John
Masteries& jam. (a director) sail the expense of this com-
pany was toot very eousiderable. The Eastern Counties
company paid to such an extent as almost taunted the
peopeiatore of the N nettern and Eastern Company
from any expense. It was not the case erlth this
company. A certain expense must bas kept up, and
it was not considerable, for in case of need the com-
pany might hare to tyke possession of their ovn railway.
He would like t 3 know how a dividend of 6 per cent. per
annum cou'd be paid to the shareholders of then company
from the Great Northern Company without some weeniest
expense. (Hear, hear.)—Mr Hutchinson said he was aware
of time, hut he thought the I :pease of keeping up the com-
pany might be on the scale of the East lenooln-
shire.—Mr. elasterman *aid that was a question
for the direct-re. Tree, telly object wee economy.
It was no: the case with them, and the Great Northern
Company, for they must keep a certain establishment, how-
ever small it might be, to protect the sharebohiers, and ea
curs tee dividend. (Hear, hoar.) Mr. Hutchinson asked if
the calls on the Sbepreth Extension would be likeiy to be
called for soon. The Chairman said immediately. The
calls might be made every two months. Oa the completion
of the railway they would have to date the commencement
of their 6 per cent. interest. Some disetusion thee ensued,
after which a special meeting was held for the confirmation
of the forfeiture of 30 share., which was agreed to.

WESLEYAN REFORM CONFERENCE.—Yesterdsy
general conference of delegates eiturnissioned from all parts
of Breland to meet in oppositien to the conference of
preachers now nuembling in London, was field at Albion
Chapel, Moortlelis. The proceedings were held with open
doors, and a large attendance was thus secured, more espe-
cially as from the ordinary conference meetings th • undele-
gated members of the Weeks An body have been rigidly ex-
cluded. The first question that presented itself for discus-
site was whether or not the assembled delegates should pee-
-1 pent themselves to the roofs recce and demand the restitu-
tion of the rights of which the great body of the people had
been unjustly tiepriveid. It was ultimately resolved that the
most dignified course for the delegates to pursue, after an
insulting melange which had been received from the con-
ference, would be to remain pertscly silent upon the matter.
Os the motion of Mr. Baldwin, s ronded by Mr.
Warne, and suppertnd by Mr. Stanley, Mr. lisltoo,
and Mr. Ibbitts, the following resolution was agreed
to: "That this meeting is conrisced that the con-
duct and spirit of the present oonfer.nce, from its
rejection of all conciliatory overtures, and especially from
its total disregard of the mem riga signed by thousands
of ullice.hearcis, and tens of thousands of msenbers, that
the most decided measures are neeesoary on the part of the
tWbseemleycanmorrieat;oznae, reontother
mutton
nt
othremorbjejteits.tiiond,icoeftemdanin.
cheater, seconded by Mr. Denson, of Newcastle-upon-Tyne,
Me following resolution wit: agreed to:—" That th:s meet-
ing, although deeply interested in the progress of NI es.eyan
Methodism, and having a strong attachment personally to
assay of its ministers, is painfully convinced that the as-
sumption and sets of the c. reference are palpably opposed to
the authority of the great head of the church, at variance
with the design and constitution of the early Christian
churches, and practic illy opprosel to the genius aud spread
of Christianity, and that constituently it is no longer desir-
able to contribute to the system as it now is, or to the sup-
port of the preachers, without being ,sartaken of thole
shame and guilty of their deeds; and this meeting there-
fore reeommends the immediate withdrawal of all funds as
the only remaining practical means of memorialising the
conference)." The proceedings nre to terminate with a public
meeting.