The Express.
London, England, 1850-09-10 00:00:00

711.. report

.4 the directors to the half-yearly
—.Wag at the alarairaldato, which was to be htld at
.shows yesterday, is a wry yolumbeons document, and
the following is an abstract of its principal details:
It states in the outset thet, h ilittoced by a &etre to 6011-.
ye, to the shareholders MUM iittailed iaformatina that fa
usuaUy embi seed in the hallyouly r port, the directors
propose, 011 the present 00e1111i m, to bring under review
the ercunausnces attending the formation sod

Pre-
M in
gr of dor oompasy, and Ur er, curb explanation', w ass
nie Otto ober* IllipOrantg =ireful ot expenditure,ith as
limy seem to ben marina. They also observe that, as tho
amounts of the B linburgh, Leith, and Grunion Company are
still in the hands of the auditor (owing to an untortunato
circumstance which is properly explained), their remarks
are melted to the northern section of the line. They thus
pronged to enter into miaute Awaits with regard to the
SEWS and pdgress of the undertaking, trom the Issuing of
She lest prospers to the oseeing of the act by whim dui
gym, was incorporated; Myths' with the numerous
idterati..ns on the original plans, the opposition they ereattif-
bred in parliament, and t,e conflicting claims and in creel.
broaekt itito the field. The objects of the reriOns hills in-
Igtheeed by the isimpsny are briefly set forth, and the ro-
wan ia sack rase earetutly explained. In antoluding this
*OM of the r port, the directors observe Omit the review
of Me pr.edings will afford the shanholJers some means
of amounting for the parliamentary d ense., amouatiug
Se 161771. 8,. 7d , entered in toe capital account.
The directors next advert to the cot of contaructim. The
whole city-seven miles of radway enthreead in the oriental
set of 1845, and subs. quent act. of 1840, were =Martell for
aeon previous tender In eighteen separate toortims. The
saws amount of the sums in the several oohtrecto was
13s. Id. The amount, with all the euntraincre being •
mem aridly adln,tod, site, two exceptions, whereon only •
ivtly smut tutu are at lame, the euregate cost
airirt
work dome by them under these costrags
glows to be 783,3021. 7s. 91 being equal to twenty-
.two and a half per crew. in term of the eoiltred
same. The separate ex.renditer.:, honer the heed of rail",
chairs, sleepers, girder-bridges, lancing, &a., amounts
to 320,2764 7e. 61, The extreordinety rise In the
guise of iron and timber necessarily prepared the disco-
tors for an Increased expense undo. this head. • very
Imps quentity of the rails steed met 111. per ton, while the
peke is now little more that one. half that sum. Toe sic-
s have met 62.1801. 8.. 5d., and the soots sheds, gate-
lt,epers' homes, &c , 12,5951. 7s. The station buildings are
thoroughly enbe,autial, mat were all built by estimate. The
working stock core 216,6001. 65. 6d and the repairing
shots,&c., 23,0941. 16s. 7d. The dispensation for lard
gull other property, suck as gardens, &e , was estimated at
93,8821. on 60 acres, but amounted to 263,8191. 12s.
and a further sum to les4es of 38,0361. 191.'11d , the
extent of bind actully taken bairn." reaohed 843 sere..
Tie directors observe teat every pragisable mode of a tile-
sent has hem resorted to, end, although rattsuighat priors
have is meet 'WS gas obtained, this annum' amount
paid I. Ism by 20.0001. than the chime and. by proprietor-.
The Barntialaad and Greettat-reery was purchased for
90,0001., attar a protracted negotiation. The company pay
26 per mat. or the pea trams far the secemmodatien at
Orantim-pier, as musing In pees of the foram pirwrietors.
The Tay Ferry works were ormitraessel for at 83,8791., and
Me now ea the eve of reouplei in, after which the amounts
will be seartemed. The terry Moak, iseluding five new
mode, met 68.4381.19 e. Toe remainder of the report is
sampled with details respecting the &ligature debe, mime-
lonasse arpeaditure, preference divielleads (of which there
are name), pasmatess sad shares be Mhos base (she latter a
very small item). It states that, Without wishing to mislead
the shareholders, and with every desire to emit taking too
saagabee a 'jaw of the prospects of the undertaking, the
direstests still reads under the imptmeloe they have all
sleep eatorteined, that there will mod mast be a steady
sad purposive Menem both ea geode end mammal twalla,
mere especially the latter. Test the miners! diarist still
magas to a meapsratively undeveloped state may be ga-
thered from the fact that the receipts be Ow seal trails
Coln the peat belt-year de sot, so the erstwiisae
s 9
3761. per wash. The half-yese m s emo to
58,6011. la Bd.' from whisk have to be the
warkiag expenditure mad geverameat duty, rates, end
taxa, together 31,9331. 18e. 91. ; lefty's( a balsam of
26,5671.4 a 11d., which the directors rukonnewil to he dis-
p~e~aaad of as fellows: Heilf-purl" interest in debenture loans,
14,111651. 9a ill ; ballysr•ri dividend en Greaten prolongs
obsess, 9,{991. ;• dlvfiwd as 61 preference sham land,
I,6UL da. 464 legber a balance of 8,1811. 10s. 10d.
to be Flagg to Ws reedit of interest on outstanding
lishibtiss, sad ou beak loans, fm which the straspenrs pre-
forms' "hares hem been lodged in security. le addition to
the saving of 6 6061. 15s. 4d., off gad in the. bal6yeag end-
Illaagry lest, a forthersaving of 1,0291.25. id basher&
last ball-year on iha expenses proper to the wash-
fag of the Poo, aetwitlistanding a considerable addition to
W attattor of miles run during the bitter period.