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. Plews presided.
The CHAIRMAN stated that, pursuant to the reso-
lutions of the last year's meeting, he and Mr. Leech-
man had succeeded in arranging with the bulk of the
creditors of the company; and in s short time it was
hoped they would be able to do so with the remainder.
but no dividend could be paid till that was effected.
Considerable expenses had been incurred during the
past year on the line, in extensive repairs of the sta-
tionary engine at Todhills, 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
unforttnate concern.
The accounts were then laid before the meeting
and passed.
The CHAIRMAN moved that 1•!r. James Pulleine
and Mr. John Buckton be elected directors in the
place of Messrs. J. Kipling and A. Murray, de-
ceased.

The motion was seconded by Mr. T. E. ABBOTT,
and 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, sith 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 souTriroßT.
The half-yearly meeting of proprietors was held
yesterday at Liverpool, Mr. H. Hamby 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 4,3711.,
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 3371. 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 .258,3151., and the expenses to 254,3001.9
leaving a balance of 4,015/. The revenue account
for the half-year amounted to 13,003/ , and the ex-
penditure to 9,5471., leaving a balance of 4,3711.
The CHAIRMAN, in moving the adoption of the re-
port, congratulated the shareholders on the increase
of the traffic, which he had ever reason to believe
would go on rapidly increasing. He thought he 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.
t
In reply to a Shareholder,' be observed that abo u
1,4001. 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
When that
than had already been paid. d
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.

LANCASHIRE
The report of the directors to be submitted to the
June is as follows, excluding leased lines :
proprietors on the Ist of Sthat the
Se states
total amount of share and le
mortgage capital chargeable
on revenue for the half
AND YORKSHIRE.
year ending the 30th of
capital, 7,712,2041.; guaranteed 6 per cent., 794,040/4
guaranteed 4f per cent , 9
—59,932/, ; Manchester and
Southport capital, 13,395/.; and loans and delayed
payments, 2,993,5481.; total, 11,773,119/. The ex-
penditure on capital account during the half-year
claims upon the company's --Ordinary
amounted to 128,935/. No efforts had been spared,
as far as possible, to bring to a close the outstanding
re-
port with some satisfaction the conclusion of a pro-
tractedt arbitration on the merits of two actions insti-
uted_ by Mr. Faviell, contractor, for work done on
the Burnley branch contract, and for money owing.
The
not to have been completed by him'
claims of the plaintiff involved a sum of not less
capital. The directors
than 90,000/. ; 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-
is due and owing to the company by
ments made in respect of works subsequently proved
the learned arbitrator, it has been determined that
upon this, the material issue, the sum of 4,776/. 17s.
By the award of
the plaintiff, and
that such sum shall be paid on or before the Ist of
railway
January', 1853, and that, excepting the costs, of the
one-third by the company. The
award and the costs of the arbitration,
which are to
be borne in moieties, all other costs shall be defrayed
in the proportion of two-thirds by the plaintiff and
directors have every
tohrebiirt
cone deamc
ta
ac- d s
reason to congratulate their fellow-proprietors upon
hnexcoiomnpwaniitehs
this result, which, independently of its intrinsic
value, is calculated, in some measure, they hope, to
counteract a long-prevailing determination to render
with every desire on
in co
counts. The arbitration on the remaining claim of
whole secure 0 anf t
hesa early
contract decision.
ac-
counts
Messrs. Harding and Cropper, contractors for the
Ashton branch, iososmtipl
al pending,
ny
With partth
this
sf
exception,the directortsh teo
the
have been settled. The
thet h the
settlement object)f of x
altered state and position of the money-market have
contributed to a farther 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 shares, say 19,000/.
The creation of a certain amount of perpetual ir-
redeemable annuities, to be issued in substitution of
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 the Blackburn and
Liverpol, Crosby and Southport lines is deducted,'
leaving 408,6071. To this is added, 12,508/., being
two-thirds of the receipts of Preston and Wyre line,
making 421,108/. 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 35,653/.