The Express.
London, England, 1868-08-24 00:00:00

0,11.8.4 T NORTIIIIItiI RAILWAY.

The half-yearty general naestiag- of this cootpany was
had e•tarility at Nizire-enoss *mica ; (Wooed Peens, M.P-9
in the chair..

The moil, w►icb has hi. akready published, was taken al
read.

—Fie Ogallala/1 in aMeing the seal of the company to the
mender of shams, there was oily an ewes* of 98
tore daring the half-year la recommendieg the arloptiouP7tre
report, ha mid: With regard to the wind account we have
'been as seccomical as we pusibly could this haliafisar, but
we have acceded those powers yousurearted note • • tenon;
and we must ask for an act of indasaity from you to amount
of f 2,700, which I true you will not think emotive. We have
reduced the expects reey materially during the last half-year,
paitieularty in the locomotive department, said lam glad bey
your lane wee never in better order. We have laid down 99 miles
of new rail and seven Saila of steel rails, so that we have not
been postponing the improvement of the like. to the
increase of your revenue, but have taken prop as that it
i should be nan aloud state. You will pensive that we
have bet £14,762 in the Midland tram and there has been
a diminution of 07,981 in the end traffic Your yeopmty meat
be rub' to the influences whets affect other railways. The bad-
ness of trade and the warmth of the weather will amount for the
falling off in the coal trade ; but as the sseenn program a the
trelfie must improve lam every to say our amount .of
compensation claims is again very Image thin Ulf year—
no lees than th11,71:03, but when we compare it with other
large endways it does not seem emissive. The losidon and
North Western has paid 1416,009, the North Ea-tern L 91,000, and
the Midland 199,0e0. Your auditors have gone over the &commie
W
eerehdly in every part, and they report, as you will me, that
the divideed mmineamded ut fairly earned. With there remade
I beg leave to move that the report and the accompanying state-
Wilt of aceousto be received and adopted.
The motion win seconded.

The report was they adopted, and the dividends declared.
A resolution was proposed by Mr. Hewing, pledging the beard
to stimteut regulations with regard to the carnage of petroleum,
but on the request of the chairman it was withdrawn.
Revolutions were then pawed to authorise the exercise of the
borrowin grant to the company by the following acts,
vis. —The: Bradford, and Halifax Junction Ad, 1804, and
the Great Northern and Leeds, Bradford, and Halifax Junction
Railways (Amalgamation) Act, 1886, L 18,000; and the Great
Northern Railway (Junction) Act, 1866, Z4{,000.
Mr. Hyenas proposed an Jacque of L3OO in the salary of the
secretary, raising it to 11,800 a year. He stated that Mr. Oakley
was at present underpaid.
Several proprietors contended that due notice ought to have
been given of thin resolution, and that it would be far more satis-
factory to all parties, Mr. Oakley }winded, to defer it until a
future occasion, and not press it. without previous notice upon so
small a meeting; and one gentleman moved a resolution to post-
pone the question.
,The CHAIRS/ AI and several of the directors advocated the in-
c
reme*, and paidthanr compliment to Mr. Oakley.
On the amen beingput to the meeting 18 hands were held
up in its favour, and 28 against it.
I The original revolution was then put, and carried by a similar
small majority, and the proceedings terminated with a vote of
thanks to the chairman and directors.