The Express.
London, England, 1857-08-08 00:00:00

NORTH LONDOH RAIL rd Y.

The following is the report of the directors to be
presented to the meeting next Tuesday
"The necounts of the working of the railwey during the
peel half-enr, herewith submitted to the proprietors., show a
net Want, of 'e.1,762i. 17s. 7c1., after taking credit for the
sum carried forward from the 31st Doceniber, leers, and de-
ducting all sinuses, including the interest on the debenture
dsbt. The net balance above specified will admit of tbe pay-
ment of a dividend of 21 per cent. fir the peg half year,
being the lame as was paid in August lase although the
Mock and share capital of the company ham been increased
by 17,308/ , and now amounts to 918,7211/. The receipts
Motu both the pommer and the goods traffic
have inercesed, over the corresponding six months
of 1846. to the extent in the aggregate of 3,6624
10e. 11.1. in passenger. traffic the 'acreage being
3,095/. 3c. 21., and in geode traffic 1.5871. 7s. 9t11.,
a result wl.i h demonstrates satisfactorily that the develop-
] went of the business of the railwsy maintains its previous
progressive chancier. On the present occasion, the revenue
miming from the rents of the company's surplus property
hoe tollm abort of the interest paid on loans, to the intent
of 391'. 13g. This altered position of the account has
Leen mimed by the demure In the amount of rents received,
in consequence of the sales of property (which have now
realised nearly 60,000/.), end by the high rate of intermit pay-
able during linnet half-year. The additional 'share capstal
token by th.• proprietors in March lest will hare the effect
of relieving the current half-year of a portion of this charge
for ireereat. The work of re-laying the permanent way with
fish-jointed rails and new sleepers has been tarried
on during the poet half-year to a larger extent
than heretofore, and, the whole expense having
Men charged against revenue, the accounts chow
an intense under this head. In other respect. the
expenses beer • fair comparison with those of the correspond-
ing six meths of last year. taking into eomideration the
present high prices of materials, and the necenity for MAID'
'mining the rolltng stock in the most efficient condition. The
thremon regret to report that Mr. Alexander Beattie hoe
been esimpelled to resign his seat at the board, in consequence
of el-health : and the directors have elected in his steel Mr.
C. le B. Sweetland, who, haying been one of the company's
auditors from the commencement of the undertaking. hes
brought much experience to the assistance of the board. The
office of auditor, vacated by Mr. Sweetland, remains for the
proprietors to 811 up."

STOCKTON AND DARLINGTON RAILTIA .
The following is the report of the directors, to be
presented on Tuesday next
"The half-vearly statement of accounts Is submitted
herewith. The total amount of revenue for the six
month. ending June 30, 1837, is 175,6161. Is. 7d.; the
expenditure, including tales, &c., is 93,3621. On. lid. • the
Interest Account, after dedncting SUMO received on credit
account and on bank account, Is 9,°211. 3e 7d.; this
leaves en available balance of 72,33'2/. 17e. 10Id., from
which the ram of 2,600/. has keen deducted, to be ap-
plied in alteration. and improvements of buildings and eta-
tionP, which the directors are of opinion, under present car-
cumetances should be borne by the revenue sceount. The
nett disigeable amount will therefore be 69,8321. 17a., which,
after the payment of interest on preference shares, and the
Wear Volley and Bedew rentals, provides fora dividend at
the rate of 10 per cent. per annum on the ordinary shares,
leaving about 2,0001. to be carried forward to the current
half year, or to be placed to the reserve fund. The
comparison of revenue for the last and the corresponding
half year shows an increase of 20,2631. in the gees receipts.
A cowidersble amount has born appreptiatei in improve.
mention the Wear Valley and Bedew sertiona by this com-
pany. The engagements entered into by the board, together
with the prospective requirements for the increasing traffic,
I will render it necessary to apply to parliament in the next
session for power. to raise additional funds on capital no-
count. In compliance with the request of the Wear Valley
and Itedear general meetings, it is under the consideration of
the directors to apply at the same time fLr the authority of
parlaunent to convert the capital of those companies into a 6
per cent. preference or gunnuiteed stock in this company. ha
looking to these arrangements, the relative position of the
existirar Pharr. will be duly observed. This business will
come specially before • future meeting. The length of line
under the care of the directors is at present 1161 miles
(including the Guisbre and Barnard Cagle ling). and
the total expenditure has been shout 2,600,000/. (which
include. Shikion Tunnel end Middleehro Dock, afi well a. the
rolling stock); this gives an average cest'of 21,5001. per mile,
and will be found to *internal very favourably ugh lines simi-
larly eireunatanced. The directors congratulate the eons-
tazunn, the.n resei"canfraireb6 Uactitionapplied for by the S
Rat
uft!
making a railway extending from this line at llaggarteme
and Bernard Castle to Tebsy, thereby giving ready score,: to
Westmoreland. Lancashire, and to the pegs communicating
with Ireland. &e. This bill received the revel assent on the
13th July last. Irene:geed with the r;due of this preget,
the directors have, after deliberate consideration, agreed to
recommend for approval terms of engagement for the wort-
lug and maintenance of that railway by this nwpany, and
otherwise to aid that undertaking. The directors loos
availed themselves of each opportunity for strengthening
those akin:gee which tend to give durability and perma-
nence to the tint& on the railway, find erpecially to that
clam which Po largely contribute. to the ineream of the re-
venue: and they led, forward with confidence to a conti-
nuance of that prosperity which has hitherto attended the
undertaking.

IRISH MAILS Vla MILFORD.—The Postinnver-
General has addroued the municipal authorities at Have,
fordamt. functioning the employment of the packets at pre-
aent running three times a week between/40(0rd and Wsfes-
ford for the convetweee of the mail.. ; and also staling that
this arrangement will be extended to the packets which hive
communication twice a week between klilferd nod Celia.
The roatmastor•Gerieral Mates that letters transmitted by
this route will be confined to those an addreausi, Whirl
will derive benefit in their delivery, and that the whole will
come into effect es in,n as the requisite measures have brew
completed. This orrangetnent is applicaLli solely to h itra
for the south of Ireland.

APOTHECARIES' HALL.—The following are the
names of ifoodomon who pnoood their examination in the
science and practiee of medieute, and received certificates la
practice. on Tbunulay :—Charlea Cunene
way, Ileote; Geo. Foyle, Nixon, Wigton, Cemberbed;
John Mitchell Garbutt, Dinuiton Lodge, Gateeliettd; ,ba
Smith Cloirtna London; Henry Carter, Ulottemter
Jonathan Drayton, Cumberland.

SALE of AN ADVOWKON.—Yesterdav, at the
Auction Mart, Mew.. Notion, Hotrotart, and trist offered
to public auction the advowton of the rectory of old
High.on. near N,vehampton, with rectory-house, gooloo,
and pleasure roitirol., and n glebe farm of 260 anva, in lieu
of Milts, of the estimated annual value, irreareetive of the
house, ctiden. and rletooore grounds, of 5001. The slum
in the King's Book 101. The population of the pariah is .100.
The age of the Incumbent 66. Knocked down at 3,6001.