Northern Times.
Liverpool, Merseyside, England, 1859-09-02 00:00:00

•
Preston, and on to Liverpool ; and this arrangement,
he believed, liould be advantageous to bort compa-
nies. The -Lancashire and Yorkshire Company had
obtained poWer to run to.Stockport and Macclesfield, and.
this would put them in communication with the North.
Stafftirdshiro _

Ind Yorkshire
nt owfuri a:d

lof ti

avo years. . 110 eel:sidere-4
vithiseted with this eernnnn
__L:

'er, m:ould

aas eunrlitratast
h
iii°t•ala;nPtce:l:e line of the London atiol(bl
a wouldnot another e
be
hra coir-
er
on and .-North-
estern.Cempany through Ossctt to Wakefield, it had
hadss e promotedt:ot,cil/4irico al
committee. The rolling stock and the
were -in an efficient state, and the
prospects of-tile company were better now than lie had
ever known them before. In conclusion, he moved that
the report of the directors be received and adopted, and
that the accounts, up to the 30th of June last, be passed.
Mr.. W. Duantau, late chairman of the East Lanca-
shire Railway Company, seconded the resolution. Ife
said it had been his privilege to advocate the amalgama-
tion which had taken place before the proprietors of the
East Lancashire Company,,nothecause the shareholders
of one company would derive advantages over the other,
but from the conviction. that the property of both would
become more' valuable, and afford increased advan-
tages to the 'public. The history of the two com-
panies had been one of perpetual warfare,_ litigation,
and contention for the• traffic of the district, which
they both occupied. He. rejoiced that that litigation
had now been put an end to, and that the direc-
tors and officers of the united company were, working
together with that cordiality and good feeling which
must tend to the prosperity of the united company. lie
begged to tender en behalf of himself and colleagues
his best thanks to the proprietors in the late East Lan-
cashire Company for the confidence they had always
reposed in the board.

ected is

The CHAMMA:\, in reply to some observations from
Mr. Brough, said that when the Amalgamation Bill
was lost last year, the cost was charged to the current
half-year's expenses. The expenses incurred during the
last session would be fairly chargeable to capital.
• Mr. W. DUCHiILE said the balance standing to the*
credit of the East Lancashire reserve farad was intended
to Meet contingencies for the renewal of the permanent
way and engines, It Was intended that the fund should
remain a; it was at present, the joint board having
come to no decision on the subject yet. •
In answer to a shareholder, the CHAIRMAN said the
subject of the charges made by the water c impanies for
the carriage of goOds traffic to Liverpool and other
plaCes, Would shortly come under the consideration of
that and all other companies interested in the question.
The resolution was then carried unanimously.
Upon the motion of the CHAIRMAN, seconded by Mr.
AnDes..(a-director), a resolution was passed authorising
the payment of the preference dividends, and of a divi-
dend.aller the rate of 41 per cent. per annum on the
ordinary stock of the company.
MILLER Complained that there was no proper
provision made for the conveyance of corpses on the
line. •

The CHAIRMAN said the subject should receive the
attention of the board.

In answer to some observations from a proprietor, the
CHAIRMAN said that, on Tuesday, a committee had
acen
appointed to inquire into the requirements of Rochdale,
with regard to station accommodation, In consequence
of the new line from Oldham to Rochdale, there would
have to be an increase of station accommodation made.