The Northern Daily Times.
Liverpool, Merseyside, England, 1857-03-03 00:00:00

RAILWAY INTELLIGENCE

EAST SUFFOLK.—The half yearly meeting of this
company was held on Saturday afternoon, at
Halesworth, Suffolk; the Earl of Stradbroke in
the chair. The report of the directors stated that
provisional agreements.had been executed by Sir
Moreton Pe.to for laying down double lines of rails
where the traffic was likely toWritiike that outlay,
and for a lease of-the line and its branches for the
extended term of twenty ea° years at six per cent per
annurainterest. on the amount eke pital advanced by
the sharehelders, free from any deduction for the ex-
penses of management ; and for the deposit of sets-
faetory securities.ofthe value of 100,0001. *the due
payment thereof. During the last five months
great progress had-'he,en.-triade in the construction
of the line. The TilburY, Maldont and Colchester
Railway Bill had alreadyTpasSed- the
.standing
orders of the House of Commons, and there was
a fair prospect of its obtaining the sanction of_both
houses of parliament. The directors anticipated
that this line' would contribute largely to the
development and prosperity of the traffic on the
East Suffolk. The accounts stated that 30,866/.
bad been expended in the purchase- of
land, 27,0001. for works, 2,8471. for engineering
and surveying, and 4,648/. for parliamentary
expenses. On the other side there was a balance
of 67/. 14s. 7d. from the original Halesworth and
Beccles line, 58,9901. had been received Iran
.the
deposit and calls made (the arrears being 3,5421.),
7,964/. had been received from shareholders in
advance of calls, and 401/ for interest, leaving a
balance in hand on the 31st December of 2,060/.
The report and accounts were adopted unani-
mously, and the directors were authorised to
exercise the borrowing powers of the company to
the extent of 100,0001.
'LANCASTER AND CARLTSLE—The revenue account
forme halfyear ending the 31st of January, shows
that 166,6681 had been received, and 69,159/.
expended, leaving a balance of 97509/. Out of
this an ordinary dividend, at the rate of 8 per
cent. per annum, is recommended.
SOMERSET CENTRAL —The half yearly meeting
was held on Saturday at the Town hail, Glaston-
bury ; George 'Parry, Esq., chairman of the board
of directors, presiding. The report was adopted ;
a dividend at the rate of four per .cent, per
annum, less income tax, was declared. A
resolution was passed approving the proposed
junction of the Dorset Ceiltral (narrow gunge)
with the Somerset Central by an extension from
Blandford to Bruton, andyledging the proprietors;
if it should hereafter be deemed expedient, to
apply to parliament for powers to lay down the
narrow guage on the line of the Somerset
Central. The retiring directors and auditor
were re-elected ; and thanks were voted to the
chairman and board for their past services.
BRISTOL AND EXETER.—The .half yearly meetir g
was held at Bristol on Thursday, Mr. J. W. Buller,
the Chairman, presiding. Mr. Michael Castle read
the report, which stated that the gross traffic re-
ceipts for the half year (including those of the
Exeter and Crediton and Somerset centralrailways)
amount to 179,5051., which is 6 0241. more than in
the corresponding period of 1855 The balance of
the revenue accounts is 58,7451., which enables the
P'

l ropy e tors to declare a dividend of 5 per cent. per
annum for the last half year, and to carry forward
a surplus of 8,745/. The chairman then moved
the adoption of the report, which was carried una•
nimously. Resolutions in accordance with the
recommendations of the directors were also carried,
and. the retiring directors were re-elected.

SHREWSBURY AND WE LSHPOOL —On Thursday .
the second half yearly meeting was held at
Shrewsbury. Earl Powis presided, The accounts
showed that 8,379/ had been received on account
of deposits, and 4,603/ first call. The preliminary
and parliamentary expenses are set down at
2,9891 Gs 4d, and there is a balance at the banker's
amounting to 9,7261 3s 6d. On the motion of the
chairman, the report was adopted, and the retiring
directors were re-elected.

SUNDERLAND DOCK COMPANY.—The half yearly
meeting of the shareholders in this company was
hold in Sunderland on Thursday, Mr. C. Bramwell
in the chair. The income from the half year had
reached 18,5021.4 s sd, being an increase of 4,433/.
9s 6d over the same period of 1855. The sea outlet,
the directors stated, was proving of immense
aavantage to the (Wok ana port ; ana a large grav-
ing dock, that had been opened during the half
year, was turning out a very successful specula-
tion. A dividend of four per cent. on 12/. 108 pre-
ference, of five per cent. on 61. 5s preference, and .
of three per cent. on the ordinary shares, was
declared. It was also stated to the meeting that
there was every prospect of an arrangement being •
entered into with the commissioners of the river
Wear, as the greater portion of the ships using the .
docks did not pass into the river, but through the
sea outlet, to half the river dues charged in the
dock.