The Express.
London, England, 1861-02-14 00:00:00

LANCASHIRE AND YORKSHIRE RAILWAY

The half-yearly meeting was held yesterday at
Matichobter, Mr. (lamas WILMON is the chair.

An absinict of the directors' report and statement of
accounts has hese published in Ger journal.
The CHAIRMAN moved the weal confirmation of the
directors' proceedimpi, and pre a lengthy explanation of
the accounts. This company, he had carried
c39e5.000 pameavrs deriez the psi balf.year, and were
theliugest carriers of panmegers the railway com-
panies of the kingdom. The averse* afeaap per pamenger
bed bees undern,oing a gradual reduction. In 1557 it was
13 mike • now it was 10.. The average receipt per pes.
rept bad been leu, during the last half-year. including
first and second clam, than the lowest parliamentary rate
of Id. per mile. It was essentially an onusibm traffic. He
did me my that the trifSe was rusassadable, but he
would affirm that a Lim which carried at such rates,
and in such vit:mbers, being some 5,000,000 more
than the Great Northern, 3,0;00,000 more thee the Midland,
2.500.000 more than the North Eastern or Great Western
and some 1..:00.0o0 more than the London and Nora;
Western—was not a coacern that need feel any great ap-
prehension as to its passenger team (Hear.)
Mr. Ml:mate accouded the motion. He believed the
only thing revisit, to promote the prosperity of this rail•
way and the inhabitants of the district was the continuance
of cheap cotton :1011 cheap corn.
Mr. BROADBINT complained that 3,0001. a year was being
throw' away by the ruinous rate of carriage of bales to
Liverpool.

The Ciatinas said the directors would be very glad to
crone to en arrangement with the London and North
Western on the matt.: r.

Mr. BILOUOII (Paisley) thought the report redacted peat
credit on the directors And oscers. He was anxious, how-
ever, to we the renewal account got rid of, and that the
expenditure of every year shook! be met from the revenue.
Mr. Joseca Ft►t.oet complained of the rockier@ manner
in which the directors appeared to be mitering on expendi-
ture for new lines, and moved as ►n amendment that the
eon‘,derstion of them he adjourned for a few weeks, until
further information bad been laid before the proprietors.
Mr. T. Fie Lot::: seconded the motion.
Mr. C. Metre defended the course taken by the di-
rectors.

Only five hands were held up fur the amendment, and the
orit:inal resolution ...A p
'Me guaranteed dividcods were declared, and a dividend
on the ordinary stock at the rate of 6 per cent. per annum,
The retiring Erectors :Ind auditor were re-elected.
Mr. ROBERTS (Chester) moved that • sum of 20,1100/.
mentioned in the renewal account he transferred from the
reserved fund, and applied in discharge of the balance of
that amount now standing to the debit of the renewal ac-
count.

After some explanation. and 4isrunion, the bon. pro-
prietor desired to withdraw the motion, hut the seconder
pressed f w a division. when it was ne:ativel.
Mr. T. FIELDEN then moved that 2.0.001.1. be taken from
the bal.ince carried forward of 22,000/., to liquidate the
outstanding and open account of the renewal fund.
Mr. M. FUIP.DII3 (director) seconded the motion, which
was lout.

The meetuut being made +period, approved the convervion
into vtot k of the sharev known as Blackburn Four-und•llalf
per Cent. 51. preference share&

Liveaeoot. POVLTIT Snow.—The eighth annual
po•iltry show was held at Liverpool yesterday (Wednesday)
rn Lucas'-room, Great Charlotte-street. This year an es.
hibition of pigeons was added to the usual 'Um-tines of the
show, which was unammously premature] to be the beet
ever held in the district. There were no lees than 517
entries, the competitors seeding from all parts of England.
Ansoapt the exhibitors were the Marchioness of Winches-
ter. Lady Emma Talbot, Messrs. Emily, of Loudon, T.
Townley PArker, Esq., the Hon. W. W. Versos, Lieut..
riant.Colooel Thomas Clowes, Rev. T. L. Fellows., Lad
Louisa Thynne, Captain Heaton, Hoe. Greville Howard,
Nagai" Mosby, sad seer wall krona ankatears.