The Sun.
London, England, 1852-08-25 00:00:00

WEST DURHAM.

The annual meeting of this company was held at
Darlington on Monday ; Mr. N. Ple,vs presided.
The CHAIRMAN stated that, pursuant to the reso-
lutions of the last year's meeting, he and Mr. Leech-
man bad succeeded in arranging with the bulk of the
creditors of the company; and in a short time it was
hoped they would be able to do so with the remainder.
hut no dividend could be paid till that was effected.
Considerable expenses bad been incurred during the
past year on the line, in extensive repairs of the sta-
ionary engine at Tc,dhills, and in the erection of a
pumping engine. They had also had to provide a
new wire rope, and to relay the rails and sleepers on
the incline. The traffic was satisfactory, and if the
unsettled claims against the company were arranged,.
it was hoped that something would be got out of this
unfortunate concern.

The accounts were then laid before the meeting
and passed.
The CITAIRMAN moved that Mr. James Pulleine
and Mr. John Buckton be elected directors in the
place of Messrs. J. Kipling and A. Murray, di.-
ceased.

The motion was seconded by Mr. I'. E. ABBOTT
an d carried.

A vote of thanks was then passed to the Chairman,
which concluded the meeting.

DUBLIN AND BRAY.

The half-yearly meeting of this company was held
on Monday, at Dublin.
The report of the directors stated that works of the
railway have been re-opened, and are now being pro-
secuted to Dundrum, together with the extension line
to Bray, with considerable spirit, and the reputation
of the contractor was a sure guarantee of the speedy
and successful completion of the road. A resolution,
among others, was passed, authorising the directors to
re-issue, sell, or otherwise dispose of all forfeited
shares on such terms as would (in their judgment) be
most advantageous for the interest of the company,
and insure the highest valve to be obtained for the
same.

LIVERPOOL, CROSBY, AND SOUTHPORT.
The half-yearly meeting of proprietors was held
yesterday at Liverpool, Mr. H. Hornb7 in the chair.
The report stated that the gross receipts for the
past half-year exceeded those of the corresponding
period of 1851 by 1,3901., or an increase of 12.52 per
cent. The available balance, after deducting toll,
working, and interest charges, amounts to 4,371/.,
from which the directors recommend the
payment of
a dividend at the rate of 2 per cent. for the half-year,
clear of income-tax, leaving a balance to carry for-
ward of 337/. The double line will be opened through
by the end of September, which will materially facili-
tate the traffic arrangements.
The receipts on capital account to the 30th of June
amounted to 258,315/., and the expenses to 254,300/.,
leaving a balance of 4,0151. The revenue account
for the -half-year amounted to 13,003/ , and the ex-
penditure to 9,547/., leaving
a balance of 4,371/•
The CHAIRMAN, in moving the adoption of the re-
port, congratulated the shareholders on the increase
of the traffic, which he had every reason to believe
would go on rapidly increasing. He thought be could
safely say that next half-year a dividend at the rate
of 4 per cent. would be proposed. He then
moved
the adoption of the report.
In reply to a Shareholder; he observed that about
1,400/. worth of land at Waterloo had been sold.
The capital account was expected to be closed in
another year. The estimate of the extension of the
double line to Southampton was about 15,000/. more
than hod already been paid. When that was met,
there were no other great expenses.
Mr. HOLT seconded the adoption
of the , report,
which was unanimously received, and a vote of thanks
terminated the proceedings.

prolphreietreerpsoortn othfethlesdtireefctsoresp
LANCASHIRE AND YORKSHIRE.
total amount of share and mortgage capital chargeable
on
.revenue for the half year ending the 30th of
June. is as follows, excluding leased lines :—Ordinary
capital, 7,712,2041.; guaranteed 6 per cent., 794,0401.;
tetombbeersusbtamteisttetdhatto the
guaranteed 4i per cent , 259,9321. • Manchester and
Southport capital, 13,3951.; and loans' and delayed
Payments, 2,993,5481.; total, 11 773,1191. The ex-
penditure on capital account ,during the half-year
amounteda to 128,935/. No efforts had been spared,.
afar as possible, to bring to a close the outstanding
claimsi .upon the cowl)
• any's capital. The directors re.
For. with some satisfaction the conclusion of a pro-
tjacted arbitration on the merits of two actions insti-
tuted by Mr. Faviell, contractor, for work done on
theh Burnley branch contract, and for money owing.
e Claims of the plaintiff involved a sum of not less
than9o,ooo/. ; but it was maintained on behalf. of
.the company that so far from such claims having any
foundation the plaintiff was indebted for excess pay-
ments made in respect of works subsequently proved
not to have been completed by him. By the award of
the learned arbitrator, it has been determined that
upon this, the material issue, the sum of 4,7761.. 17s.
is due and owing to the company by beforelaintiff, and
that such sum shall be paid on, or the Ist of
January, 1853, and that, exceptng the costs. of the
.award and the costs of the arbitration, which are to
.he borne in moieties, all other costs shall bedefrayed
in the proportion of, two-thirds by the plaintiff and
one-third by the company. The directors.have every
reason. to congratulate their fellow-proprieto.rs uyon
this result, which, independently of its intrinsic
value, is calculated, in tome measure, they hope, to
counteract a long-prevailing daternunation to render
railway companies the object of exorbitant demands
In connexion with the settlement of their contract ac-
counts. The arbitration on the remaining claim of
Messrs. Harding and Cropper, contractors for the
Ashton branch, is still pending, with every desire on
the.
_ part of the directors to secure an early decision.
With this exception, the whole of the contract ac-
counts of have been settled.
the company The
altered state and position of the. meney.market have
contributed to a further reduction of the general ar-
rears of calls, which now amount to about 66,0001.,
including the arrears of the more recent calls on the
fifth share,s, say 19,000/.
The creation of a certain amount of perpetual ix.
redeemable annuities, to be issued in substitution cf
all. or part of the borrowed capital of the company,
will he proposed at the meeting. The. revenue ac-
count for the past half-year, including the receipts
for the Barnsley and North Union lines,. shows that
420,1661, had been received, from which 11,5591.
received for working the traffic of t.he Blackburn and
Liverpool, Crosby and Southport lines is deducted,
leaving 408,6071. To this is added, 12,5081., being
two-thirds of the receipts of Preston and. Wyre line,
making 421,138/. The receipts and disbursements
on revenue account excluding the Preston and Wyre,
the Blackburn and 'Southport lines, the proceeds of
which do not wholly belong to the company, amounted
to 408,607/ , and for the corresponding period of
1851 to 372,9541., showing an increase of 35,6531.