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
5,0191., 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
40/ 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 folly corn-
-pie*, the undertaking, they pledge themselves to make
no further call on the shareholders, but will submit all
future arrangements that may be proposed to a special
meeting called to consider and determine the same.
The capital account showed that 119,8141. had been
received, and 119,0541.- expended,tf° leaving a balance of
2061.
sad en
7691. The revenue account for
the 30th of June last, -shuoedbd ei De
ro en-
e,ived and 306/, expendewdl
thatm
against the company. The caving a balance of 100/.
estimated at 63,242/assets of the company are
~ and the claims at 11,627/.

NORTHEASTERN.
The report of the directorsad Berwick, York and N
ed
of this company (in In 2
Norththe
congratulates the proprietors on
power amalgamate
to
their applica'ion to Parliament for
P expen.
the three companies into one undert
three
companies or
classes The
diture and liabilities of each of the the
appear in their
expended here-
classes of shareholders will continue to appear
several capital accounts, and any money
after on capital account for` he benefit of the 'O.
cern will be charged agains a joint capital account.jint
cThe
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 general 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 class, according to the
excess of expenditure in each case beyond its amount of
paid-up share capital. The division of the joint net
traffic. receipts has been settled as follows :—To the Ber-
wick._ Railway Company, 57.735 per cent. of the whole
aliadectif:r the year 1854, and 57'1 per cent. for 1855
cent. foree-quent years ; to the York Railway, 33'265 per
years and 32.9 per cent. in 1855 and subsequent.
; andst4'
and 10 per o the Leeds Northern, 9 per cent. in 1854,
cent.
Malt in 1855 and subsequent years. Ile
on and Driffield
on certain terms with undertaking is to be amalgamated
three months from the North-Eastern Company within
increase of traffic the passing of the act. The general
amounts to 1540 n the lines •
is very satisfactory, and
the per cent. oncorresponding the whole as compared with
period
penses, on the other od of 1853 The working ex-
er hand, h„ • •
cent, Tho not mums of the increased about 25f per
the half year is 310,2506,1

being an increase of 9is 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
31 per cent. per annum, on the ordinary stock in the
York capital stock at the rate of 2f per cent. per
annum, and on the preference quarter-shares and exten-
sion shares, 134 S (Nos. 1,2, 3), in the Leeds capital
stock at the rate of 6 per cent. per annum.