The Sun.
London, England, 1854-08-23 00:00:00

NEWRY AND ENNISKILLEN.

The half-yearly report of the directors of this company
states that the receipts on capital account amount to
5,019 t., and the payments to 6,849/. With reference to
the small balance of 1001. against the company on the
revenue account, the directors consider it very unim-
* portant, as they have a much heavier claim against the
Dublin and Belfast Junction, Company for breaches of
agreement. The directors state that on the opening of
:the Newry and Enniskillen line the Dublin and Belfast
Junction Company refused to furnish the trucks, which
caused a delay of four months in procuring others ; and
that they also subjected the passenger traffic to a series
of obnoxious charges and regulations. Since Mr. Card-
well's bill came into operation, the weekly traffic returns
on the line have increased from 151. per week to nearly
401. per week, and so soon as the remaining obstacles to
the through traffic can be removed, the directors confi-
dently expect they will reach a much higher amount.
The directors have given directions to carry out, the ex-
tension line to the landing-quay at Newry, so that the
waggons can load and unload alongside the ships in the
b:itsi3,l and they hope that the works will be completed
in course of the present year. In conclusion they
state
that, as the funds at their command will Lilly com-
plete the undertaking, they edge themselves to make
no further call on the shareholders, but will submit all
future arrangenaents that may proposed to a special
meeting called to cnnsiderad determine the same.
The capital account showedd that 119.814/, had been
received, and 119,054/, e leaving a balance of
701. The revenue a,ccsobuolie:tdoretd-Ciur,tnonths- ending on
hat
-ot6h/
balance. had boefelnoro7.
. the .oth of June last
c-:ived and 306/. expended, leaving
ofa
against the company.
• estimated at 63,242/., and the claims at 171,62 d.

. - NORTILEASTEax.
;
The report of the directore of this
company (including
:IYork and North
.the York, Newcastle, and Berwick,R
a
bonlpanies,
Midland, and Leeds Northern
amalgamated in the last seesionurnpdoseiwurweetar to , y title)
n
hYi ful result of
e la e
congratulates the proprietors on the suttee
their application to-Parliament fo
the three companies into one undertaking.Theia elgan'te
diture and liabilities of each of the three compan7""
classes of shareholders will continue to appear in companies
or
i,
several capital accounts, and any money expended here-
after on capital account for the benefit of the joint con-
cern j
will be charged against a joint capital account. The
debentures, debts, and liabilities of the three companies
become a charge upon the North-Eastern Company, in
whose name debentures will in future be issued, and out
of whose general revenue the whole of the interest pay-
. able in respect of the debt will be defrayed. - So much
of this interest as belongs to the joint capital acconut
• will be charged to the "eeneral revenue account before
the net savings are divided among the three classes of
proprietors, and the remainder will be charged, in the
separate revenue account of each slats, according to the
excess of
expenditure in each ease beyond its amount of
p:affiid-tly share. capital. The- division of the joint net
t
ueceipts has been settled as follows :—To the Ber-
wick Railway Company, 57.735 per cent. of the whole
. traffic for the
and subsequent years 1854'
and
57'1
per cent. for 1855
aynetr
352;. to the York Railway, 33'265per
cent. for 1854,
years ;and to the Leeds per cent. in 1855 and. subsequent
Northern, 9per cent. in
and 10 per cent. in 1854;
isss
and subsequent years. The
Mahon and Driffield undertakingPassoirnth-Efastern C
on certain terms with the ' is to be amalgamated
three months from the Company within
g 0 the act. The general
increase of traffic on the Linea
amounts to 15 per cent. ontela Very
satisfactory, and
the corresponding period of 18w5hole as a
bwoourtk
2i n 5
compared with
penses, on the other hand, have increased about
cent, The net revenue of theworking
per
half year is 370,201,,