The Sun.
London, England, 1852-02-02 00:00:00

KENDAL AND WINDERMERE.

The half-yearly meeting of this 'company was held
on Saturday at Kendal, Mr. J. Gandy in the
chair. The report stated that were it not for the
Great Exhibition their traffic for the half-year end-
ing the 31st of December last would have shown an
improvement over the previous year, equal to that
which each successive year has, since the opening of
the line, attained over those which preceded it.
Notwithstanding the loss from the above cause, the
balance of profit is only 691. less than in the corre-
sponding period of 1850, the sum of 3071. having
been saved in working expenses. The directors have
accepted the proposal of the contractors for the loco-
motive power, to relinquish the working of the line,
and arranged with them for the purchase of part of
their stock of engines and carriages, and the direc-
tors anticipate some saving in the working expenses
from the plan adopted. The directors of this com-
pany, and the directors of the Lancaster and Car-
lisle Company have made it a subject of consideration
whether a union of interests on equitable terms would
be conducive to mutual advantages. The balance
of profits for the half-year amount to 1,4441, out of
which the directors recommend a dividend of ss. per
share, leaving a surplus of 3271. to be added to
1,600/. of undivided profits accumulated since the
opening of the line. In order to show the effect of
the Exhibition on the traffic of the line, they state
that in each year, from January Ist to May ?tb,
the receipts, in 1848, amounted to 2,117/. ; in 1849,
to 2,2841.; in 1850, to 2,5611.; and in 1851, to
2,6791. ; showing an increase of 108/. in the year
1851 over 1850, prior to opening the Exhibition.
From May 14 to October 16, being the weeks during
tha
which the Exhibition was open, the receipts_fBo4r9,
to
in
period in 1848 amounted to 4,8251.; I
5,578/. ; in 1850, to 6,385/. ; and in 1851, to 5,639 L;
showing a decrease in 1851, as compared
with 1850,
of 7461. Had an average of the inc
been btainedrease which was
0
attained in the two previous years
in
these months of 1851, there would have been an in-
crease on the balance of profits in 1851
of 1,5271.,
instead of a decrease of 7461. The trafficfrom
October 23 to December 31, being the period after
the close of the Exhibition to the end of the year,
amounted, in 1848, to 1,274/.; in 1849, to 1,496/. ; in
1850, to 1,6181.; and in 1851, to 1,8741.; showing
during that time an increase of 256/. in 1851 over
1850. The receipts on capital account showed that
202,777/. had been received and 212,378/. expended,
of 9,601/. The
leaving a balance against the company
revenue account for the half-year showed that 5,9771.
bad been received and 2,2431. expended in working
the line, 1,2311. interest on bonds, and 1,04,5/. on
preference shares, leaving a balance of 1,4441.
After some
the dividend declared. discussion the report was adopted and

OXFORD, WORCESTER
AND WOLVERHAMPTON.—
The through loop line
in the course of 0 this company is to be opened
a few days. The line starts from
Abbott's-wood, about four miles south of Wor-
cester, passes
through Worcester, thence to
Droitwich and Stoke Prior, where it joins the
Bristol and Birmingham (Midland) line, as also at
Abbott's-wood. The distance between Abbott's-wood
and Stoks Prior2d is about thirteen miles. There is
one tunnel and some deep cuttings. The loop line is
let on lease to the Midlan Company. The line is at
present a narrow gauge line, but as soon as that por-
tion of it north of Droitwich to Stourbridge and
Dudley shall be ready for opening (which will be
in the course of the summer) it will be on the mixed
(broad and narrow) gauge.
HEREFORD, Ross, AND GLOUCESTER.—The works
of this line, which will connect the Great Western
with the Hereford and Shrewsbury line at Hereford
about thirty miles, will be commenced on Monday
(this day).
CAMERON'S COALBROOK, SWANSEA, ANDLOUGHOR.
—On Saturday a meeting in this matter was held
before the Master in Chancery Richards, to consider
the claim of Major Stone, of Nottingham-place, New-
road, for 3,173/. with interest, money alleged to be
lent to the company on the 3d of February, 1846.
Messrs. Taylor and Collison appeared as solicitors for
the claimant, and Mr. Roxburgh, with Mr. Galswor-
, thy, for Mr. Turquand, the official manager, and Air.
Fry for what are termed the seceding shareholders.
From the statement of the case, and evidence ad-
duced, it appeared that Major Stone lent the 3,0001.
for the purposes of the company to make up a cer-
tain amount to meet the requirements of Parliament,
, but the directors at this time, it was contended, had
no power to bind the company by bills of exchange.

Subsequently three of the directors, Sir A.
1 Peregrine, Mr. Montaore, and Mr. Ripp on,
gave a memorandum to Major Stone for the
amount. The first bill of exchange was given in
1847 by two of the directors, countersigned by the
1 secretary, and with the common seat of the company
attached, end it was renewed twice. The second and
third bills were paid away by Major Stone to Zilr.
Alfred Burton, of Oxford-street, who brought an
action and recovered judgment against the company.
' In 1847 and 1848 a large body of the shareholdiers
seceded from the company, and a question would
arise as to whether they would be liable for this debt,
and also whether Major Stone, or Mr. Burton, the
ljuidgment creditor, was entitled ro payment. After
a ,;!iscussion the Master allowed the demand sts a
claim only, and not as a debt, giving the party the
right to establish it at common law.
GREAT WESTERN.—The estimate of Mr. Brunel
for the additional works at Didcot is 10,0001.