The Sun.
London, England, 1855-08-21 00:00:00

HULL AND SELBY..

LEOMINSTER AND KINGTON.

The half-yearly meeting of this company was held yes-
terday at Leominster, Mr. King King M.P., in the
chair.

The directors' report stated that the construction of
the line had rapidly proceeded ; that more than four
miles of the permanent rails were laid, commencing at
Leominster, and that the remaining portions of the works
were progressing in a satisfactory manner. The direc-
tors had arranged to open the line as far as Pembridge
on the let of the present month, but, in deference to the
wishes of several shareholders, that plan was abandoned
for a time, and a portion of the works was commenced
in the immediate neighbourhood of Kington. The bor-
rowing powers of the company having come into ope-
ration, the company will be enabled to take up money
on loans to the extent authorised by the act. The
interest upon the debentures until the opening of the
line will be paid by the company, but from the opening
of the line Messrs. Brassey and Field, under their con-
tract for seven years, will be liatile to pay the interest
upon the loans, together with a dividend of 4 per cent.
upon the paid-up capital. The directors considered that
the cheapness of the construction of the line would
insure from its traffic a good return upon the capital
expended ; but they considered it must be highly satis-
factory to the shareholders to learn that from parties so
responsible as the present contractors (Messrs. Brassey
and Field) a dividend of 4 per cent. is guaranteed for
the first seven yea;3, during which the traffic will not bes
fuilv developed. At the end of that period the directors
anticipated a more ample return for the capital laid out.
The engineer's report OW that the permanent way
was laid to Kingsland, `a.iists)though some unavoidable
(belay had arisen, a few weeks would complete the line
as far as Pembridge.
The accouets showed that 19,904/. bad been received,
and 13,495/. expended, besides 6,000/. deposited in the
C. urt of Chancery. leaving 4191. in hand.
The CHAIRMAN sail the line was progressing steadily
and satisfactorily, and that there was every reason to
believe it would be completed and open for traffic witbia
the time originally proposed tar carrying out the under-
taking.
After a short discussion, the usual formal resolutions
were passed, as also a resolution autnorisin,, the raising
of money upon debentures, and a vote of thanks to the
chairaian closed the proceedings.

BLACKBURN.
The reporS of the directors of this company states
that the position of the undertaking has become such am
to- require the immediate and earnest consideration of
the proprietors. The relations subsisting between this
company and the Lancashire and Yorkshire Company
have been referred to at previous half-yearly meetings.
Subsequent interviews with the Lancashire and York-
shire Company have, however, satisfied this board that,
whatever the intentions of that company might have
been when the negotiations were opened, it is now their
were
policy not only to disavow the proposals which sv
ataoaedeettiounudneirtethtleieatgivreoemcoemnipeanntieesr,edbuitntaols
violation of
the East Lancashire and other companies,
idnirectors Will
their agreement with this company,.
In this crisis
the conduct of
boytothenmnntwilutlei
proprietorsb e prepared,
the
et
measuresthe
which
tmeeting,fheyin bttTaborheees
tpuoebr
imeluiotga
sgteops
to tiro
saie.
necessary to rescue the property ro b
tt ihoen
Lancashireinto
andit has
Yorkshirebeen bcr oenreg
ph
en Y-
of o
ble railway,
r_etyurrnu nfnoirn
• t of attending the order that by
mayothi
Nothing,
placedit isc
oiaa.
ao f
hopethe company'sthe
that
eee
r y affairs
e. the directors
one
eeceotectotari
nuts
hgpve:e
inemnet
importantinobrslety:thdoaoeseotpr eo
capital
iselsal
make a porn
requires. N
accommodation which the
ts in the count
a throughu niunited
manufacturing districts
kerb:ern:oh:: aonid East Lancashire
• d can more clearly prove the baneful effect of
ceive ,
y
agreement existing between the Lancashire and
a expended,position t hffetesoordtYvt
heitdteerhoi
district
cri
ffasie importantte::drtii ec.ttshor tsa
of this company than the foll • Companies on the traffic
owing results for the series
3loeofs
:3lhoaBvlsfe-4::2ea2srts,ilm9:s;.:lll;setlocci:l3lll;,l;iiat4lh,
42
5t2h,,
15a.5:8611e.. n, di n g June 30,
1863, 22,7901., Dec. 31, 1853, 23,869/ , t0gether46,6591.;
Janet
e corresponding3 g 1855,
tEo tnadl i47718111/11.6;
the receipts of the half-year just past, as compared with
21,776/. There is a gradual decline in
niency of 418/., and, with the half-year immediately pre.
period of last year, showing a deft.
"ding, a deficiency of 810/.; and such decline has taken
place while the traffic of the Lancashire and Yorkshire
Company has increased. The capital account to 30th of
June shows that 1,040,1901. had been received, and
1.0551,4431. expended, leaving a balance against the
company of 15,2531.

NEWPORT, ABERGAYENNY, AND HEREFORD

The Taff Vale extension line of this company was
opened for public traffic yesterday from Pontypool to
Crumlin, where it forms a junction with the Western.
Valleys Railway. The point of junction is the Crumlin
viaduct. This viaduct, which has been constructed by
Mr. T.W. Kennard, of_ London, is a handsome structure,
and is .built entirely of iron. It spans the valley of Crum-
2001feet high. Its length is 1;x15 feet. The
event was celebrated by. a public dinner to the.directors,
. which was served np on the viaduct. Excursion trains
-tb-the oPeninitsran frfirn:ShreWebtiry, Gioeester, Chel-
tenham, Newport, Ebbw Vale. 3te., .and.the number of
Visitors was very considerable. A. - public holiday was
prOclaimed,- and the -festiviticOpreraised to lest tint's: I
Lleto kVAIZ main. - • • .