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 a 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 retay the rails and Bleepers 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 Cireiamals moved that Mr. 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:
Tbe report of the directors stated that works of the
railway have be& 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.

T.II7F.P.POOL, CROSBY, AND 60111IIPORT.
The half-yearly meeting of proprietors
was held
yesterday at Liverpool, Mr. H. Hornbv 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 marially.facili-
tate the trcffic arrangements.
The receipts on capital account to the 30th of June
amounted to 258,3151., and the expenses to 250001"
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 shiareholders on the increase
He thought he could
of the traffic, which he had every reason to believe
would go on rapidly increasing. H
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 had 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.

LANCASHIRE
AND YORKSHIRE•
proprietors on the Ist of
The report of the directors to be submitted to the
total amount of share and mortgage capital chargeable
on revenue for the half year ending the
Southport capital, 13 30th of
June is as follows; excluding leased thief, : —Ordinary
capital, 794,0401.;
7,712,2041.; guaranteed .6, per cent.,
September states that the
guaranteed 4i per cent, 259,932/. ;'Manchester and
paendtture on capital account during the half-
ansltynn:ed to 128,935/. No efforts had
Payments, 2,993,5481.; total, 11,7'73,119/. The 13,3951.; and and loans and delayed
year
tnerits made
el lax as possible, to bring to a close the outstanding
pearl4.tus upon the company's capital. The directors re-
'with of a pro.-
some satisfaction the conclusion
tra
, ,cted arbitration on the merits of two actions insti-
Itl•Ecl by Mr. Faviell, contractor, for work done on
,I*,'l.e Burnley branch contract; and for money owing.
that
i:he claims been spared,
of the plaintiff involved a sum of not less
thanthe
90,000/. ; but it was maintained on behalf of
fnr, c2nlAktly that so far from such claims having any
""aluatton the plaintiff was indebted for excess PP'
la aueand owing to the company bY
not to have been completed by him. By the sward of
reason
the learned arbitrator, it has been determined that
.upon, this, the material Lime, the sum of 4,776/. 17s.
in respect of works subsequently proved
the plaintiff and
'January, 1853, and that, excepting the costs of the
one-third by the company. The
award and the cests of the arbitration, which are to
be borne in moieties, all other costs shall be defrayed
such sum shall be paid on or before the Ist of
by the plaintiff and
in the proportion of two-thirds
Aproprietors upon
directors have every
to congratulate their fellosv
this result, which, independently of its intrinsic
value, is calculated, in some meow!, they hope, to
counteract along-prevailing determination to render
railway companies the object of exorbitant demands
in connexion with the settlement of their contract Se-
couuts. The arbitration on the remaining claim of
Messrs. Harding and Cropper, contractors for the
A.shten branch, is still pending, with every desire on
the part of tlie directors to secure en early decision.
With this exception, the Whole of the contract fie.
counts ofthe hisye been settled. The
company
altered state and position of the money-market have
contributed to a further reduction of the geraerai ar-
rears of calls, which now amount to about 66,0001.,
including the arrears of the more recent calls on the
fifth shares, say 19,0001. •
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 be proposed at the meeting. The revenue
no.
count for the past half.year, including the receipts
for the Barnsley and North Union lines, shows that
420,166/. had been received, from which 11,359/.
received for working the traffic' of the Blackburn and
Crosby
Liverpool, 50d 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 421,1081. The receipts and disbursements
on revenue, ae,couet, excluding the Preston and Wyre,
Blackburn the
esisekburn and. Southport • lines, the proceeds, of
which do not wholly belong to the company, amounted
to 408,6071. and for the corresponding period of
1851 to 372,9541., showing an increase of 35,653/