The Sun.
London, England, 1852-10-22 00:00:00

ABERDEEN.

The half-yearly meeting of shareholders in this line
was held yesterday at Hadley's Hotel, for the purpose
of adopting the report and accounts, and for other busi-
ness. Lord James Hay, chairman of the company,
having taken the chair, the Secretary read the minutes
of the previous meeting ; after which the Chairman
wished to make one or two opening remarks, lie be-
lieved that what their lino wanted was traffic, and that
was only t be obtained by extending the line north-
wards to Elgin, and thence to Burgh ead, a distance of 82
miles. Burghead touched the Moray Firth, and thereby
commanded the whole traffic both to Glasgow and
Edinburgh ; in the one case by the Caledonian Canal,
in the other by rail. On a recent visit to Scotland
he had been astonished at the resources of Cro-
warty, Caithness, and Sutherland, all counties
beyond Burghead, and he believed that all
they wanted was traffic southward to make
these resources available. Even so far away
as Orkney, he had seen as good short-horns and Lei-
cesters as could be found in any part of England. He
believed that ultimately there would be railway commu-
nication to John-o'-Groat's, and that it was their interest
to promote that result by every means in their power.
Any railway extension he contemplated could be carried
out at an expense a little exceeding 5,0001. a mile, the
figure at which the Deeside line had been constructed.
That line had been constructed at 15,3751. a mile. His
belief was, that these extensions were necessary to make
the line return a revenue. The next point was the open-
ing of a communication with the docks at Aberdeen, for
which a purchase of land would be necessary. For that
land he would not consent to give more than the market
price, and he trusted that the Aberdeen trustees would
see that the proposed erection would be for the benefit
of the town, and consent to take a moderato price for the
ground. He would put a series of resolutions to the
meeting. The resolutions, generally adopted the report
and accounts (already published), gave powers for the
creation of now debenture and preference stock for capi-
talization of arrears of interest, and authorised the rais-
ing of money for continuations and station at Aberdeen.
The proceedings. terminated with the usual vote of
thanks to the chairman.

THE LONDON AND NORTH-WESTERN AND

MIDLAND AMALGAMATION.

All that has as yet transpired relative to the terms of
the amalgamation to bo proposed between the North-
Western and Midland Railway Companies, is that such
terms are rather more favourable to the Midland than
those formerly offered by the North-Western. The
capital expended up to the 30th of June last by the
London and North-Western Company amounted to
29,574,6971., and by the Midland to 17,093,1971., making
together 46,667,894/. The revenue for the year ending
the 30th of June of the former company amounted to
2,675,4751., and of the latter company to 1,281,6471., to-
gether 3,957,1221. The working and other expenses,
rates and taxes, amounted so 1,537,4221., leaving
2,419,7001. to meet guarantees, preference charges, in-
terest on loans, and dividend on ordinary capital of both
companies. The amount of capital and loan authorized
to be raised by the two companies is 56,916,7801. The
aggregate length of railway already constructed by the
two companies and in operation is 1,038,1 miles.