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/., and the payments to 6,8491. 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
basin, and they hope that the works will be completed
in the course of the present year. In conclusion they
state that, as the funds at their
command will blip com-
plete the undertaking, they pledge themselves to make
no further call on the shareholders, but will submit all
may
future arrangements that be proposed to
meeting called to consider and
nddetermine thesaamesr special
The capital account showed that 119,8141. had been
received, and 119,054/.
expended, leaving a balance of
7691. The revenue account for four months ending on
the 30th of June last, showedthat 2061. had been re-
ceived and 3061. expended, la
against the company. The
aessevitsng;tbhaelance of 1001.
c
estimated at 63,242/., and the claims at 11,6°277anY are

NORM-EASTERN.
company (including
the report of the directors
a, York and North
the York. Newcastle. and 133erth'imp
-Midland, and Leeds Northerrc
above tale)
I result of
amalgamated in the last session under the Companies,
congratulates the proprietors on the successful
their application to Parliament for power amalgamatetsosfure
the three companies into one undcrtakine
diture and liabilities of each of the three. companiesex
classes of of sbareholders will continue to appear iitheoirr
several capital accounts, and any money expended here-
after on capital account for the
a.benefit of the joint con-
cern will be charged against 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 account
will be charged to the ereneral revenue account before
the net savings are divid'ed among the three classes of
proprietors, and the remainder will be charged in the
separate revenue account of each class, according to the
excess of expenditure in each case beyond its amount of
traffuapreashare capital. The division of the joint net
i
• k R wic aitway co
..eipts has been settled as follows :—To the Ber-
wick
for
subsequent
mpanY, 57.735 per cent. of the whole
ear 1854, and 57.1 per cent. for 1855
and slam
cent. for 1854, yeard
s to the York Railway, 33.265 per
years ; and to the Leeds per cent. in 1855 and subsequent
and 10 per cent. in 185 e _Northern, 9 per cent. in 1854,
Mahon and Driffield undertaking and subsequent years. The
theVaking is to he amalgamated
on certain terms with
Passinglines of the act. The general
increase of traffic on thevery satisfactory, and
amounts to 151 per cent. on th is
of
1803. The
as compared with
the corresponding period
ex-
penses, on the other hand, have in- 3.
creased about :251 per ,
The working
cent. The net revenue of the Lair year
is 370,2501., I

being an increase of 94 per cent. over the corresponding
period of last year. To this has to be added 11,4201.,
the amount due from the Post-office for the convey-
ance of mails in 1853, making the total divisible revenue
381,6711. The directors propose that a dividend for
the half-year should be declared on the ordinary stock
and shares in the Berwick capital stock at the rate of
34 per cent, per annum, on the ordinary stock in the
York capital stock at the rate of 21 per cent. per
annum, and on the preference quarter-shares and exten-
sion shares, 1848 (Nos. 1,2, 3), in the Leeds capital
stock at the rate of 6 per cent. per annum,