The Sun.
London, England, 1853-02-28 00:00:00

NEWMARKET.

• The half-yearly meeting of this company was held on
Saturday at the London Tavern ; Mr. C. Fane in the
chair. The report stated that the directors announced
in their report of February, 1852, the opening of the
railway to Cambridge, and in that of August following
the passing of the act which enabled them to extend
their Cambridge and Newmarket line to Bury St. Ed-
mund's. These measures were in accordaace with the
policy they had advocated from the beginning, that of
substituting an east and west line, connecting Ipswich
and Cambridge, and the rich intervening districts, for
the line from Chesterford to Thetford, thus placing the
company in a position of' friendly co-operation with their
powerful neighbours, the Eastern Counties Compady, in-
stead of one of competition and hostility. The general
opinion of the district is that there will be a very remu-
nerative traffic over the new line, in which the directors
fully concur. The works were commenced immediately
after the bill passed, and are now in a forward state.
The tunnel through Warren-hill, of 1,070 yards in length,
is opened from end to end, and many parts of it are com-
pleted. The Barrow embankment, half way between
Newmarket and Bury, is steadily advancing. The direc-
tors hope that the line will be opened by the end of
October. The accounts as to the Cambridge branch, for
the last half-year, show a balance (including 2651. left in
hand on the 4th of July) of 4,7051. to the credit of re-
venue, out of which the directors recommend that the
same dividend as before, of ss. per share, amounting to
3,5001., be declared, which will leave a balance in hand

of 1,2051. The traffic since the 7th of October, 1852, up
to the end of January, 1853, has steadily increased over
the corresponding period of the previous year ; and, if
the rate of increase be maintained throughout the year,
it will produce an increased revenue of nearly 2,0001.,
sufficient to add an additional half per cent. to the divi-
dend.
The capital account to the 4th of January showed that
455,0321. had been received on account of the Newmarket
Railway, and 446,7161. expended, leaving a balance of
8,3151. The receipts on account of the Bury Extension
line up to the 31st of December last amounted to
77,3161., and the expenses to 50,6831., including 30,0001.
expended on account of the act of Parliament, leaving
a balance of 26,6331., The revenue account for the half-
year ending the 4th of January showed that 9,0061. had
been received, including 2551. from the last account and
2,500/. contributed from the Eastern Counties Company;
the working expenses amounted to 2,1711., and the de-
benture interest to 2,1301., leaving a balance of 4,7051.
Resolutions were passed adopting the report, declar-
ing a dividend of ss. per share, free of income tax, re-
electing the retiring directors—Mr. E. Ball, M.P., and
Captain Denny—and also the retiring auditor, Mr. A.
K. Baker, and increasing the allowance to the auditors
to 201. a-year each. A cordial vote of thanks to the
chairman concluded the proceedings.

FLEETWOOD, PRESTON, AND WEST RIDING JUNCTION
RAILWAY.—The half-yearly meeting was held at Pres-
ton on Thursday; Mr. T. B. Addison, in the chair.
The report and statement of accounts having been
adopted without discussion, the following resolution was
passed :--" That the declaration of forfeiture made by
the directors, of 4,738 shares mentioned in the schedule
hereafter written to the same, is hereby confirmed ; and
that the said forfeited shares be sold or otherwise dis-
posed of, according to law, at the discretion of the di-
rectors for the time being." The usual toutine business
having been gone through, the proceedings terminated.
BRISTOL AND EXETER RAILWAY.—The 33d half-
yearly meeting of the proprietors in this undertaking
was held on Friday at the White Lion Hotel, Bristol ;
J. W. Buller, Esq., chairman of the company, in the
chair. The usual preliminaries having been disposedd
of, the secretary, J. B. Badham, Esq., havingt.ulraetaed
the report of the directors, the chairman congratulated
of the company, as shown upon the
the meeting on the amount of the gross t
the corn-
account, and on the improved prospectse
h ofopio of
pany. He concluded by moving t
seconded the
the report. Mr. Brown, of Bridgwater,
of 21 per cent.
The chairman then proposed a dividend
seconded the motion, and
traffic
half yearly-receipt
made to divide more.
advised that no attempt should be
and Mr. Cornish seconded,
Major Godfrey proposed,
fmorottihoen,haanffd-yaefaterr. sommre.dßisantuesssiontrelr rt was adopted.
discus-
sion, the amendment was put___
Th other ordinary
original motion was carrided
the meeting broke up.
reso-
lutions having been passe ,
IRE RAILWAY.—From the
LANCASHIRE AND YORKSHIRE
to be submitted at the 33d half-
that the dividend be 24 per ceanet.d
negatived, and
eandtbereport of the directors,
—t
hdee d
Blackburn,u c t amount
the receipts of the Sheffield, Barnsley, and
including
I
thirds of receipts
and the company's proportion of the North
the last
Wakefield Inc,
yearly general meetlhnege,eintopbaneyhdeledri2edg March,hwalef-lyeeaarrn
that the receipts of t,
Crosby, and Southport lines, 11,916/.
and Liverpool,
and Wyre line 18,7991. 19s id , total
have4w24o
ri,. beenli
working
.416:21
dl ,e 3. 41tar/da.
dffil—se. t
w3etofl . -
469,2241. 11s. 11d. The balance of revenue for the past
half-year, applicable to the payment of interest and divi-
rUBo
efs
en.
ei
Poi
vnre
Preston
nt
oef I
le,
dend, and other fixed charges, is 262,4011. 9s. id. It is
recommended that a dividend at the rate of 31. per cent.
per annum, less income tax be declared. . .
IltscicnunN.—The directors report an increase of
5d.-45.
above 101. per cent. in the receipts of the company for
the half-year ending on the 31st December 1852, over
the corresponding period in the previous year, the re-
spective amounts being as follows :—Traffic receipts for
the half-year ending 31st December, 1852, 22,630/,
ss. 9d. ; ditto for the half-year ending 31st December,
1851, 20,315/. Os. 7d. ; increase, 2,315/. ss. 2d. The
dividend willbe after the_rate of V. per cent. per annum.
or 10s. per share.