The Express.
London, England, 1861-08-03 00:00:00

LONDONDERRY AND ENNISKILLEN

RAILWAY:

The half-yearly general meeting of shareholders
was held yesterday, at the offices of the company, Cole-
man-street-buildings, Moorgateatreet ; Mr. J. CLAY, It P.
(chairman of the company), presiding.
Mr. H. LATHE, the hon. secretary, read the report, which
we have already published.
The CHAIRMAN having moved the adoption of the report,
A SHARZHOLDER inquired whether it was proposed to
stop at the 4 per cent, supposing the increase in their pros-
perity enabled them to increase the per tentage further.
The Crum's! replied that if they went beyond the 4 per
cent. it would be manifestly an injustice to the holders of
the old shares.

The report was adopted unanimously.
Mr. QUILT= proposed a resolution approving of the
capitalimation of the arrears of dividend upon the plan re-
commended by the board.
The motion was seconded by Mr. ARNMING, and carried.
The CHAIRMAN said the declaration of a dividend was
usually a very simple matter, but in this car certain claims
having been made, that these who held shares at particular
periods might be entitled to receive the arrears which had
accumulated upon their shares at the time of their sale, it
was necessary, although he had found no one connected
with the Stock Exchange, with commerce or with railways,
who did not regard such claims as most un-
founded and moot absurd, that some step should be taken
for the protection of the board. He proposed, therefore, to
add to the resolution declaring a dividend words to the effect
that in the event of any proceedings being adopted against
either the directors personally or the company, by any
other persons than those declared entitled to the arrears
of dividends by the preceding resolutions, the shareholders
receiving such arrears undertake to indemnify the directors
and the company from such proceedings and the con-
sequences thereof to the extent of the arrears received by
such shareholders respectively. He proposed also that this
resolution should appear upon the dividend warrants.
The motion was agreed to, the retiring directors and
auditor were re-elected, and a vote of thanks to the chair-
man terminated the proceedings.

VICTORIA STATION AND PIMLICO RAILWAY.—The
report of the directors states that they cushier
bear should be brought it
thea4isiztee
which revenue will have to
gradually, and they have therefore placed to the bit of
that account one moiety only of the debenture interest and
expenses for the past nine months. This anangermat will
enable the directors to pay a dividend of la per cent. for
the nine months ending the 30th of June, and of 2 per cent.
for the half-year ending 31st of December, 1861. From that
date they trust to be able to present the proprietors with a
gradually increasing dividend. The company are now in a posi-
tion finally to complete their arrangements with the Brighton
Company, and on the seal of the company being affixed to the
deed of oonveyasos the 45,000 shares held by the Brighton
Company in this undertaking will be cancelled. The capital
being sow fully paid up, it is proposed to convert the
shares into stock. The report of Mr. J. Fowler, the semi-
oeer, dates that the permanent way and general works of
the ;ailway have been maintained during the last ball-year
in excellent condition. The bridge over the river Thames
has required the smallest expense for be maintenance.
and las not bees affected in the slightest degree by the
traffic passing over it. The contract for the permanent
station buildings has bees let to Mr Kelk for a sum within
the amount of 106.0001., which the Victoria Station Com-
pany here undertaken to provide. The permanent station
is to be ready for use by the let of April, 1862. The
capital amount showed that 880,2601. had- bees received,
and 885,2671. expended. The revenue account to the 30th
of June showed that 12,3291. had been received, and 3,315/.
ell, leaving a balance of 9,0131.
It YIELD amwey.—The report of the direc-
tors ststes that the works of the Ilse are proceeding satis-
factorily. They regret to say that the bill for the South-
ampton extension was opposed by the South Wasters Com-
pany, and, after a contest of some days, was unexpectedly
thrown out. The directors believe that the application for
the line, either in the mime or a modified form, may be re.
newel with somas in the next session of parliament. They
are in communication with the South Western Board on
the subject, and hope that an amicable arrangement may
be made for the cooperation and support of that company.
The talanosaheet showed that 18,0201. had been received
and 17,7701. *speeded, leaving a balance of 2801.
STOCKTON AND DARLINGTON RAILWAY. The
report of the directors stain that the receipts during the
half. ear ending the 30th cif June, including a balance of
1,7611. from the preceding amount, amounted to 199,4171.,
and the expenditure, including interest, to 109,7871., leaving
• balance of 89,6291., which was equal to a divided of 9 per
cent per annum on the ordinary shares, after payment of
the
_preferential dividends. It was proposed to raise
287,00 W. of additional capital on ordinary shares under the
Act of 1861, which would make up the ordinary stock to
2,000,000/. The South Durham line, from Barnard Castle
to Tabay, bad been opened for mineral traffic, and would
Warily be opened for passengers. The director' adverted
with satidaMion to their arrangemente with the North
Eastern Railway Company for the interclass* at traffic.
The capital account showed that 3,091,9081. hod *en ex-
pended, leaving a balance of 87,056/.
COcKERNOIITH AND WORKINGTON RAILWAY.—
The half-yearly meeting of this company was held at
Cockermouth on Wednesday, Mr. Steel, M.P.., in the chair.
The report attributed the decrees' in the traffic, as eon-
pared with last year, to the languid state of the coal trade.
'The working expenses, which had been kept es low es pos-
sible, were 42 per cent. The replacing of the old wooden
bridges with iron girder bridges would necessitate a con-
siderable expenditure, a part of which would be charged to
capital. The directors proposed. to issue for this purpose
239 original shares, which were in the hands of the com-
pany. The report was adopted, sad • dividend at the rate
of 6
_per cent per annum was declared.
EAargsa COUNTIES RAILWAY. The annual
treat given by Major Love (the chairman) and his co-
direeton to their employes came off last week in the shape
of an excursion to Southend, on which occasion a couple of
trains of 30 carriages each, drawn by two of the company's
powerful new engines, and containing 2,50 p, persons, left
Stratford at an early hour, under the piesidence of Mr.
William Kitaou, the locomotive superintendent ; returning
before 11 in the evening, without a mishap. The excur-
sionists were accompanied by the two bands of the Bth Essex
(Eastern Counties) Ride Volunteers, in their uniform, who
eontributed much to the da_y's enjoyment.
BORDER COUNTIES RAILWAY.—The extension of
this line from Thorneyburue to Easton" is to be opened in
the course of • few days. The works on the remaining por-
tico of the line from Fabians to Kieldey are progressing
rapidly.
DUBLIN AND MEATH RAILWAY.—The arbitra-
tion which has been pending for some months between this
company and the Midland Great Western Railway Com-
pany has been terminated by the award of the umpire, Mr.
Eborall, the general manager of the South Eastern Rail-
way in England. The general result, so ter as the public is
cemented, is to secure for the Meath Railway an uninter-
rupted train aerobe four times each way daily to and from
Dublin, wholly independent of the system of the Midland
Compay for their own traffic. The award provides that
there a to ha so change of carriages at Cloosilia, and, coo-
sequattly, this route will be free from the delay and noon-
Yukio* to which the Kolb and Nevem traffic is now sub-
*Awl at Decibeds.—Preessass's jouraa/.
Dag= liirignig RAILWAY.—The reoeipta for
the fortnight ending 16th July, 1861, amounted to 9,4421.
7s. 9d., and for the conespeading period of last year to
8,7161. 17a. 44d., showing an increase of 7251. 10s. 4ad. in
favour of the present year. The receipts since the corn-
seeneement of the puma book year. on the Ist May, in-
cluding the above, amounted to 42,772/. Is. Old.t showing
as increase es compared with the corresponding period of last
fear, of 5,6091. 6s. 2ad. The working expenses for the
ortnight aresuated to 3,3781. 3s. 9d., or 35.77 per cent.
of the reesipte, and for the ocepeponding period of last
year to 2,9121. 13e. Id., or 33.41 per cant., showing an in-
crease Cl excesses amounting to 4651. 10s. led. *past the
present year. The working expenses, from the let May,
1861, to the 16th July, 1861, amounted to 15.402/. 9s. 9d.,
or 36.01 per cent. of the receipts. The working expenses
for the year 186041 were 38.42 per out.
" We find Du Barry's Delicious Health-restoring
nevakate Ambles reed the safest remedy for habitual
Pellet hisessnhiOde, Mdbiestion (dyspepels), connimptioa
:Mirmet mama bronchitis, dysentery, keit&
'sassateemem, atrophy, nervousness, palpitation, acidity
borguee, tsftlency. distensioy.n. biliousness, torpidityt7
ot thedrops"—Andreer ra.D.,
P.P.& Dr. gamy, Dr. Ilborland, Dr. Campbell, ire,
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