The Sun.
London, England, 1865-08-28 00:00:00

WEST HARTLEPOOL.

The report of the directors states that the amalga-
mation of this company with the North-Eastern
Railway Company had been sanctioned by Parlia-
ment, and had come into operation on the 30th June
last. The receipts on revenue account for the last
half-year ending the 30th of June amounted to
£127,713, against £120,157 for the corresponding
half of last year, showing an increase of £7,556.
The expenditure amounted to £61,050, against
£58,943, showing an increase of £2,107, and the
net revenue amounted to £66,663, against £61,214
for the corresponding half of 1864, showing an in-
crease of £5,449. The net revenue for the year,
ending the 30th June last, amounted to £137,047 ;
ending 30th June, 1864, to £123,743 ; ending 30th
June, 1863, to £180,290, and for the year ending
the 30th June, 1862, to £72,898. After deducting
the interest on loans and special liabilities, the clear
balance for the past half. year available for dividend
amounted to £36,934, which would allow of a divi-
dend at the rate of £2 10s. per cent. per annum for
the holders of consolidated A stock and unconverted
B stock, and at the rate of £1 18s. 6d. per cent. per
annum for the holders of unconverted ordinary
stock, leaving a surplus of £495 for contingencies.
Besides the ordinary revenue, there was now at the
disposal of the West Hartlepool shareholders a sum
of £5,929, being the balance in hand from the
working of the company's collieries. The directors,
in conclusion, acknowledged the cordial support
which they had uniformly received from the pro-
prietors throughout the various difficulties with
which they had had to struggle since their appoint-
ment in 1862. They desired also to repeat their
conviction that the terms on which the amalgama-
tion with the North-Eastern Company had been
concluded were decidedly beneficial to the Hartle-
pool shareholders, while the arrangement was an
advantageous one for the North Eastern Company,
and also was conducive to the public interests. The
capital account showed that £4,043,970 had been
expended. --
WHITEHAVEN JUNCTION.

The report of the directors states that the dis-
turbed state of the iron trade had caused a consi-
derable reduction in the receipts of the company
during the past half-year. The decrease in receipts
as compared with the corresponding half of last-
year amounted to £4,559. The traffic receipts for
the half-year ending the 30th of June last amounted
to £22,768, and for the same half of 1864 to £27,327.
The working expenses amounted to £9,454, against
110,629, showing a decrease of £1,165, and leaving
the decrease of net receipts £3,394. The line, works,
and rolling stock had been kept in efficient repair
during the half-year, and 38 new waggons were
added to the stock. The expenditure on capital
account had amounted to £1,290 for new rolling
stock and additional sidings. The balance available
for dividend, after the payment of all preference
charges, £8,548, and the directors recommended the
declaration of a dividend at the rate of 10 per cent.
per annum, and that £3,506 be carried to the con-
tingent account. During the past half-year another
claim fur personal injuries had been settled from the
funds on hand on the contingent account. The
terms offered for the purchase of the line by the
Loudon and North-Western Railway Company were
such that the directors considered it right to submit
them to the shareholders, and at the special meeting
on the 26th of June last those terms were approved,
and the purchase o f the undertaking now only awaited
the sanction of Parliament. The capital account
showed that £279,000 had been expended and the
-apital suspense account showed an expenditure of
£16,366. The contingency account showed that
£8,122 had been taken from revenue, out of which
£3,058 was deducted for compensation, leaving a
balance of £5,064.